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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 2,031 $ 3,012  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 514 538  
Amortization of right of use lease asset 82 104  
Accretion related to acquisition, net (12) (4)  
Amortization of subordinated debt issuance costs 33 0  
Provision for loan losses 101 150 $ 794
Net amortization of securities 288 205  
Decrease in loans held for sale, net 1,277 5,122  
Income from bank owned life insurance (231) (226)  
Stock compensation expense 71 61  
Deferred tax (benefit) 0 (12)  
Decrease (increase) in other assets 764 (425)  
(Decrease) increase in accrued expenses and other liabilities (386) 5,667  
Net cash provided by operating activities 4,532 14,192  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of available-for-sale securities (26,118) (16,008)  
Proceeds from (purchase) redemption of restricted securities, net (355) 334  
Proceeds from maturities and calls of available-for-sale securities 1,000 400  
Proceeds from sales of available-for-sale securities 2,450 1,300  
Paydowns on available-for-sale securities 4,586 3,850  
Net (decrease) increase in loans held for investment (12,131) 28,624  
Purchases of premises and equipment (197) (126)  
Net cash (used in) provided by investing activities (30,765) 18,374  
CASH FLOWS FROM FINANCING ACTIVITIES      
(Decrease) increase in noninterest-bearing deposits (36,381) 24,477  
Increase in savings deposits 42,320 26,406  
Decrease in time deposits (4,149) (6,561)  
Decrease in federal funds purchased, repurchase agreements and other borrowings, net (1,008) (1,765)  
Repayment of Federal Reserve Bank borrowings (480) (17,555)  
Proceeds from ESPP issuance 34 25  
Repurchase of common stock (3,048) 0  
Cash dividends paid on common stock (674) (626)  
Net cash (used in) provided by financing activities (3,386) 24,401  
Net (decrease) increase in cash and cash equivalents (29,619) 56,967  
Cash and cash equivalents at beginning of period 187,922 120,437 120,437
Cash and cash equivalents at end of period 158,303 177,404 $ 187,922
Cash payments for:      
Interest 1,101 891  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS      
Unrealized (loss) gain on securities available-for-sale (14,093) (2,144)  
Former bank property transferred from fixed assets to held for sale assets 345 902  
Right of use lease asset and liability $ 0 $ 1,277