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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash Flows from Operating Activities      
Net income $ 6,466 $ 8,102  
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 834 709  
Amortization of premiums on available-for-sale securities, net 397 578  
Capitalized additions to servicing rights (1,595) (205)  
Servicing rights amortization and impairment 159 26  
Amortization of core deposit intangible 414 199  
Amortization of customer list intangible 31 31  
Net accretion of fair value adjustments (1,133) (1,015)  
Amortization of subordinated note issuance costs 29 28  
Stock-based compensation expense 306 213  
Provision for credit losses-Loans 817 580 $ 4,600
Provision for credit losses-Off balance sheet credit exposures 62    
Gain on sale of loans held for sale (67) (697)  
Originations of loans held for sale (6,534) (26,161)  
Proceeds from sale of loans held for sale 6,477 28,512  
Gain on sale of other assets owned   (5)  
Loss on sales of securities available-for-sale 891    
Increase in cash surrender value of bank owned life insurance (196) (157)  
Change in other assets and other liabilities, net (4,283) (2,841)  
Net cash provided by operating activities 3,075 7,897  
Activity in available-for-sale securities:      
Maturities, prepayments and calls 3,483 13,762  
Sales 21,963    
Purchases   (19,344)  
Activity in other securities, at cost:      
Sales 399    
Purchases (2,143) (406)  
Change in interest-bearing time deposits 7 2,236  
Proceeds from sale of other assets owned   164  
Additions to premises and equipment (2,431) (448)  
Loan originations and principal collections, net (89,520) (104,478)  
Net cash used in investing activities (68,242) (108,514)  
Cash Flows from Financing Activities      
Net change in deposits 44,764 60,754  
Net change in federal funds purchased and securities sold under agreements to repurchase (23,710) 2,412  
Proceeds from FHLB advances 129,000    
Repayment of FHLB advances (92,140) (1,388)  
Repayment of other borrowings (10,000)    
Cash dividends paid on common stock (2,831) (2,462)  
Net cash provided by financing activities 45,083 59,316  
Net Decrease in Cash and Cash Equivalents (20,084) (41,301)  
Cash and Cash Equivalents - Beginning of year 84,409 180,823 180,823
Cash and Cash Equivalents - End of period 64,325 139,522 $ 84,409
Supplemental cash flow information:      
Interest paid 9,272 3,057  
Income taxes paid 44    
Supplemental noncash disclosures:      
Cash dividends declared not paid $ 2,831 $ 2,462