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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net income $ 15,060 $ 25,048
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision/(credit) for credit losses 1,620 (627)
Depreciation 3,799 3,077
Stock based compensation 527 532
Amortization of intangible assets 330 219
Gains on sales of other real estate owned, net (599)  
Write-downs of other real estate owned 23
Originations of loans held for sale (4,832) (1,401)
Proceeds from sales of loans held for sale 4,770 1,513
Gains from sales of loans held for sale (381) (45)
Losses/(gains) on disposal of fixed assets, net 29 (33)
Net (accretion)/ amortization of investment securities discounts and premiums- AFS (51) 83
Net accretion of investment securities discounts and premiums- HTM (805) (850)
Net losses on sales of investment securities - available-for-sale 4,214 (3)
Net gain on calls of investment securities - available-for-sale   (3)
Net gains on investment securities - held to maturity   (91)
Amortization of deferred loan fees (98) (150)
Deferred tax (benefit)/expense (889) 595
Earnings on Bank owned life insurance (1,261) (1,196)
Amortization of operating lease right of use asset 787 349
Amortization of operating lease liabilities (1,073) (388)
(Increase)/decrease in accrued interest receivable and other assets (4,932) 648
Increase/(decrease) in accrued interest payable and other liabilities 6,232 (737)
Net cash provided by operating activities 22,470 26,543
Investing activities    
Proceeds from maturities/calls of investment securities available-for-sale 7,497 14,248
Proceeds from maturities/calls of investment securities held-to-maturity 26,110 16,263
Proceeds from sales of investment securities available-for-sale 20,249 1,023
Purchases of investment securities available-for-sale   (17,652)
Purchases of investment securities held-to-maturity (3,988) (55,686)
Proceeds from sales of other real estate owned 1,041  
Proceeds from disposal of fixed assets 14 281
Net (increase)/decrease in FHLB stock (4,223) 2
Net increase in loans (128,056) (126,707)
Acquisition of mortgage company   (600)
Purchases of premises and equipment (353) (3,576)
Net cash used in investing activities (81,709) (172,404)
Financing activities    
Net (decrease)/increase in deposits (19,756) 101,359
Proceeds from issuance of common stock 293 217
Cash dividends on common stock (5,217) (3,986)
Net(decrease)/increase in short-term borrowings (19,147) 6,866
Stock repurchase (1,496)  
Proceeds from long-term borrowings 80,000  
Net cash provided by financing activities 34,677 104,456
Decrease in cash and cash equivalents (24,562) (41,405)
Cash and cash equivalents at beginning of the year 74,315 115,720
Cash and cash equivalents at end of period 49,753 74,315
Supplemental information    
Interest paid 23,825 4,775
Taxes paid 6,126 7,508
Non-cash investing activities:    
Transfers from loans to other real estate owned $ 225 256
Transfers from securities available for sale to held to maturity   $ 139,036