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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 1,892 $ 1,842 $ 3,923 $ 4,854  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     1,013 1,052  
Amortization of right of use lease asset     159 185  
Accretion related to acquisition, net     (1) (7)  
Amortization of subordinated debt issuance costs     65 0  
Provision for loan losses 570 0 671 150 $ 794
Net amortization of securities     616 438  
Decrease in loans held for sale, net     1,962 12,129  
Income from bank owned life insurance (195) (204) (426) (430)  
Stock compensation expense     174 130  
Deferred tax (benefit)     0 (12)  
Decrease (increase) in other assets     800 (2,602)  
Increase in accrued expenses and other liabilities     1,069 23  
Net cash provided by operating activities     10,025 15,910  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (41,537) (49,310)  
Proceeds from (purchase) redemption of restricted securities, net     (355) 334  
Proceeds from maturities and calls of available-for-sale securities     1,200 8,280  
Proceeds from sales of available-for-sale securities     3,200 3,130  
Paydowns on available-for-sale securities     9,302 9,397  
Net (increase) decrease in loans held for investment     (71,363) 3,438  
Purchases of premises and equipment (404) (634) (601) (760)  
Proceeds from sale of premises and equipment     0 31  
Net cash used in investing activities     (100,154) (25,460)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Increase in noninterest-bearing deposits     12,718 38,306  
(Decrease) Increase in savings deposits     (6,411) 42,808  
Decrease in time deposits     (10,412) (14,333)  
(Decrease) increase in federal funds purchased, repurchase agreements and other borrowings, net     (152) 4,270  
Repayment of Federal Reserve Bank borrowings     (480) (25,237)  
Proceeds from ESPP issuance     66 53  
Repurchase of common stock     (4,970) 0  
Cash dividends paid on common stock     (1,336) (1,256)  
Net cash (used in) provided by financing activities     (10,977) 44,611  
Net (decrease) increase in cash and cash equivalents     (101,106) 35,061  
Cash and cash equivalents at beginning of period     187,922 120,437 120,437
Cash and cash equivalents at end of period $ 86,816 $ 155,498 86,816 155,498 $ 187,922
Cash payments for:          
Interest     1,583 1,693  
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS          
Unrealized (loss) gain on securities available-for-sale     (22,185) 3,887  
Former bank property transferred from fixed assets to held for sale assets     345 902  
Right of use lease asset and liability     $ 0 $ 1,277