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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income $ 15,921 $ 16,492 $ 12,083
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,724 1,828 2,035
Provision for loan losses (850) 458 1,250
Net gain on sales of investment debt and equity securities (266) (1,806) (609)
Net unrealized loss (gain) on equity securities 1,026 (926) 47
Net gain on sale of loans (6) (595) (1,724)
Proceeds from sales of residential mortgages held-for-sale 304 16,773 35,605
Origination of residential mortgages held-for-sale (298) (4,892) (39,474)
Income on bank-owned life insurance (361) (497) (294)
Stock-based compensation expense 85 102 112
Deferred income tax (benefit) provision (57) 113 (59)
Net (decrease) increase in income taxes payable (534) (78) 215
Net (increase) decrease in accrued interest receivable (934) 721 (1,997)
Amortization of mortgage servicing rights and change in valuation allowance 71 118 157
Net amortization of premiums and discounts on investment securities 2,222 3,152 2,473
Net increase (decrease) in accrued interest payable 256 (139) (559)
Operating lease payments (620) (631) (654)
(Increase) decrease in other assets (298) (507) 525
(Decrease) increase in other liabilities (550) 703 (1,531)
Net cash provided by operating activities 16,835 30,389 7,601
Investing Activities      
Proceeds from payments, maturities and calls of investment debt securities available-for-sale 72,965 113,911 207,245
Proceeds from the sale of investment securities available-for-sale 7,551 282 6,930
Purchases of investment securities available-for-sale (35,001) (385,926) (295,734)
Proceeds from the sale of equity securities 1,594 7,768 4,767
Purchases of equity securities (1,860) (4,615) (7,914)
Proceeds from redemption of investment in restricted bank stock 5,155 573 1,495
Purchase of restricted bank stock (9,019) (861) (1,463)
Net increase in loans (112,718) (11,244) (99,737)
Net purchases of premises and equipment (552) (3,175) (722)
Redemption of Bank Owned Life Insurance investment 239 797  
Net cash used in investing activities (71,646) (282,490) (185,133)
Financing Activities      
Net (decrease) increase in non-interest-bearing deposits (11,157) 38,422 58,314
Net (decrease) increase in interest-bearing deposits (20,219) 183,256 131,893
Net increase in short-term borrowings 92,851 9,638 2,907
Issuance of long-term debt     10,000
Treasury stock purchase (75) (1,356) (130)
Cash dividends paid, net of reinvestment (4,498) (4,375) (4,226)
Proceeds from issuance of common stock 418 575 497
Net cash provided by financing activities 57,320 226,160 199,255
Increase (decrease) in cash and cash equivalents 2,509 (25,941) 21,723
Cash and cash equivalents at beginning of year 13,390 39,331 17,608
Cash and cash equivalents at end of period 15,899 13,390 39,331
Supplemental Cash Flow Disclosures      
Interest paid 7,668 4,782 7,004
Income taxes paid, net of refunds received 4,257 3,925 2,406
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities $ 43 $ 698 $ 1,086