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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 $ 3,179 $ 2,163 $ 5,288 $ 3,253  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 319 858 384 2,598 $ 2,323
Depreciation     943 801  
Amortization and accretion     250 647  
Gain on sales and calls of investment securities       (20)  
Net gains on sales of assets       (1)  
Loss on equity securities     151 29  
Gain on sale of loans held for sale, originated     (655) (1,972)  
Net (gains) losses on other real estate owned, including writedowns     (5) 132  
Increase in bank owned life insurance cash surrender value     (225) (186)  
Stock-based compensation expense, net of employee tax obligation     47 29  
Net accretion of certain acquisition related fair value adjustments     (175) (495)  
Impairment loss on restricted stock 1   1    
Changes in assets and liabilities:          
Loans held for sale     1,663 6,901  
Accrued interest receivable     227 936  
Other assets     (744) (3,630)  
Accrued interest payable on deposits     (63) (75)  
Other liabilities     (453) 2,224  
Net cash provided by operating activities     6,634 11,171  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of securities available for sale     (35,206) (37,540)  
Purchases of other investments     (15) (15)  
Purchases of bank owned life insurance       (3,000)  
Proceeds from maturities and paydowns of securities available for sale     7,138 21,689  
Proceeds from sales of securities available for sale       19,664  
Net increase in loans     (52,804) (56,150)  
Proceeds from sale of assets       174  
Purchases of premises and equipment     (415) (1,845)  
Proceeds from the sales of foreclosed assets     842 288  
(Purchases) redemption of restricted stocks     (64) 576  
Net cash used in investing activities     (80,524) (56,159)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Increase in demand, money market, and savings deposits, net     104,810 146,900  
Cash received for the exercise of stock options     115    
Decrease in time deposits, net     (52,343) (7,279)  
Decrease in borrowings, net     (91) (47,636)  
Net decrease in minority interest contributed capital     (57) (341)  
Decrease in finance lease liability     (59) (58)  
Cash paid for stock repurchases       (209)  
Dividends paid     (898) (888)  
Net cash provided by financing activities     51,477 90,489  
Net (decrease) increase in cash and cash equivalents     (22,413) 45,501  
Cash and cash equivalents, beginning of period     338,829 282,611 282,611
Cash and cash equivalents, ending of period $ 316,416 $ 328,112 316,416 328,112 $ 338,829
Supplementary cash flow information:          
Interest paid     3,965 5,498  
Income taxes paid     1,461 1,400  
Right of use assets and corresponding lease liabilities       2,211  
Unrealized loss on securities available for sale     $ (14,442) $ (1,556)