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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income $ 25,048 $ 19,770
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit for loan losses (643) (817)
Depreciation 3,077 3,269
Stock based compensation 532 472
Amortization of intangible assets 219  
Gains on sales of other real estate owned, net   (1,372)
Write-downs of other real estate owned 59
Origination of loans held for sale (1,401) (28,426)
Proceeds from sales of loans held for sale 1,513 33,020
Gains on sales of loans held for sale (45) (1,115)
Gains on disposal of fixed assets (33) (15)
Net amortization of investment securities discounts and premiums- AFS 83 1,001
Net (accretion)/amortization of investment securities discounts and premiums- HTM (850) 311
Net gain on sales of investment securities - available-for-sale   (154)
Net gain on calls of investment securities - available-for-sale (3)  
Net (gains)/losses on calls of investment securities - held to maturity (91) 54
Amortization of deferred loan fees (150) (4,045)
Deferred tax expense 595 550
Earnings on bank owned life insurance (1,196) (1,176)
Amortization of operating lease right of use asset 349 161
Operating lease liability (388) (197)
Decrease/(increase) in accrued interest receivable and other assets 648 (1,601)
(Decrease)/increase in accrued interest payable and other liabilities (721) 272
Net cash provided by operating activities 26,543 20,021
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 14,248 48,464
Proceeds from maturities/calls of investment securities held-to-maturity 16,263 17,971
Proceeds from sales of investment securities available-for-sale 1,023 13,687
Purchases of investment securities available-for-sale (17,652) (127,526)
Purchases of investment securities held-to-maturity (55,686) (6,332)
Proceeds from sales of other real estate owned   6,222
Proceeds from disposal of fixed assets 281 39
Net decrease in FHLB stock 2 3,439
Net (increase)/decrease in loans (126,707) 85,962
Purchases of loans   (68,944)
Purchase of wealth portfolio   (280)
Acquisition of mortgage company (600)  
Purchases of premises and equipment (3,576) (1,127)
Net cash used in investing activities (172,404) (28,425)
Financing activities    
Net increase in deposits 101,359 47,008
Proceeds from issuance of common stock 217 215
Cash dividends paid on common stock (3,986) (3,891)
Net increase in short-term borrowings 6,866 8,539
Stock repurchase   (7,179)
Payments on long-term borrowings   (70,000)
Net cash provided by/(used in) financing activities 104,456 (25,308)
Decrease in cash and cash equivalents (41,405) (33,712)
Cash and cash equivalents at beginning of the year 115,720 149,432
Cash and cash equivalents at end of period 74,315 115,720
Supplemental information    
Interest paid 4,775 5,968
Taxes paid 7,508 $ 5,657
Non-cash investing activities:    
Transfers from loans to other real estate owned 256  
Transfers from securities available for sale to held-to-maturity $ 139,036