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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 7,713 $ 7,483
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 986 1,031
Provision for loan losses 435 650
Amortization/accretion of premiums, discounts and deferred costs and fees, net 1,079 (586)
Amortization of operating lease right-of-use assets 164 116
Amortization of intangible assets and mortgage servicing rights 176 220
Realized (gain) loss on sales of debt securities, net 274 (201)
Change in fair value of equity securities 2 10
Net (gain) loss on sales of loans 7 (353)
Net (gain) loss on foreclosed real estate 7 (42)
Net gain on sale of premises and equipment 0 (28)
Loans originated for sale (1,234) (10,816)
Proceeds from the sale of loans originated for sale 1,695 10,873
Stock compensation expense 338 336
Increase in bank-owned life insurance (435) (308)
(Increase) decrease in accrued interest receivable 34 (557)
(Increase) decrease in prepaid expenses and other assets 1,399 (289)
Decrease in accrued interest payable (21) (101)
Decrease in accrued expenses and other liabilities (8,039) (276)
Net cash provided by operating activities 4,580 7,162
Cash flows from investing activities    
Loan originations and principal collections, net (20,908) 16,284
Proceeds from sales of loans held for sale previously classified as portfolio loans 0 2,800
Available-for-sale securities:    
Sales 10,990 4,845
Maturities, repayments and calls 8,600 14,818
Purchases (3,645) (96,598)
Purchase of federal bank stocks (5,227) (845)
Redemption of federal bank stocks 5,056 868
Net change in interest earning time deposits 2,484 2,736
Proceeds from the sale of bank premises and equipment 0 1,297
Purchases of premises and equipment (330) (478)
Proceeds from the sale of foreclosed real estate 20 386
Net cash used in investing activities (2,960) (53,887)
Cash flows from financing activities    
Net increase in deposits 8,172 54,896
Repayments on long-term debt (15,000) (5,000)
Net change in short-term borrowings 13,950 0
Redemption of preferred stock (4,206) 0
Dividends paid (2,677) (2,544)
Net cash provided by financing activities 239 47,352
Net increase in cash and cash equivalents 1,859 627
Cash and cash equivalents at beginning of period 9,080 37,439
Cash and cash equivalents at end of period 10,939 38,066
Supplemental information:    
Interest paid 2,891 4,121
Income taxes paid 1,700 2,050
Supplemental noncash disclosure:    
Transfers from loans to foreclosed real estate 144 24
Transfers from portfolio loans to loans held for sale $ 0 $ 2,728