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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income $ 10,171 $ 6,748
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 1,361 1,406
Provision for loan losses 1,066 3,247
Amortization/accretion of premiums, discounts and deferred costs and fees, net (367) (213)
Amortization of operating lease right-of-use assets 181 136
Amortization of intangible assets and mortgage servicing rights 280 261
Realized gain on sales of debt securities, net (245) (687)
Change in fair value of equity securities 10 4
Net gain on sales of loans (390) (241)
Net (gain) loss on foreclosed real estate (49) 3
Net (gain) loss on sale of premises and equipment (28) 277
Loans originated for sale (12,566) (213)
Proceeds from the sale of loans originated for sale 12,492 144
Write-down of foreclosed real estate 0 56
Stock compensation expense 463 459
Increase in bank-owned life insurance (435) (401)
Increase in deferred taxes (65) (603)
Decrease (increase) in accrued interest receivable 55 (1,186)
Increase in prepaid expenses and other assets (591) (590)
Decrease in accrued interest payable (136) (142)
Increase in accrued expenses and other liabilities 7,282 1,066
Net cash provided by operating activities 18,489 9,531
Cash flows from investing activities    
Loan originations and principal collections, net 17,325 (113,305)
Proceeds from sales of loans held for sale previously classified as portfolio loans 2,800 5,260
Available-for-sale securities:    
Sales 9,127 43,906
Maturities, repayments and calls 19,597 23,238
Purchases (105,100) (56,777)
Purchase of bank-owned life insurance (6,000) 0
Purchase of federal bank stocks (1,221) (3,190)
Redemption of federal bank stocks 1,141 3,345
Net change in interest earning time deposits 3,234 3,980
Proceeds from surrender of bank-owned life insurance 0 220
Proceeds from the sale of bank premises and equipment 1,297 397
Purchases of premises and equipment (872) (1,155)
Proceeds from the sale of foreclosed real estate 417 436
Net cash used in investing activities (58,255) (93,645)
Cash flows from financing activities    
Net increase in deposits 24,869 106,503
Proceeds from long-term debt 0 20,000
Repayments on long-term debt (15,000) (16,500)
Net change in short-term borrowings 5,000 0
Dividends paid (3,462) (3,436)
Net cash provided by financing activities 11,407 106,567
Net increase (decrease) in cash and cash equivalents (28,359) 22,453
Cash and cash equivalents at beginning of period 37,439 14,986
Cash and cash equivalents at end of period 9,080 37,439
Supplemental information:    
Interest paid 5,260 8,204
Income taxes paid 2,500 1,350
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 24 590
Transfers from portfolio loans to loans held for sale 2,728 5,025
Syndicated National Credits settling in subsequent period 7,475 0
Addition to operating lease right-of-use assets $ 325 $ 0