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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,313 $ 10,837
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of premises, equipment and software 960 890
Deferred income taxes (135) (131)
Recovery of provision for loan losses (895) (655)
Gain on sale of loans, net (331) (1,449)
Security amortization, net of accretion 1,066 1,288
Secondary market loan sale proceeds 10,100 46,783
Originations of secondary market loans held-for-sale (9,034) (42,394)
Earnings on bank-owned life insurance (674) (619)
Effects of changes in operating assets and liabilities:    
Net deferred loan fees (costs) (106) (386)
Accrued interest receivable (874) 523
Accrued interest payable 61 (33)
Other assets and liabilities 940 363
Net cash provided by operating activities 14,391 15,017
Securities:    
Proceeds from repayments, available-for-sale 15,917 47,925
Proceeds from repayments, held-to-maturity 21,827 8,660
Purchases, available-for-sale (48,885) (46,267)
Purchases, held-to-maturity (94,541) (122,580)
Purchases, equity securities (131)  
Redemption of restricted stock 1,184  
Purchase of bank-owned life insurance   (2,000)
Loan originations and payments, net (78,450) 58,374
Purchases of premises and equipment (366) (1,989)
Purchases of software (13) (108)
Net cash used in investing activities (183,458) (57,985)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net change in deposits 20,670 111,185
Net change in short-term borrowings (3,980) (685)
Repayment of other borrowings (946) (1,257)
Cash dividends paid (3,526) (3,331)
Purchase of treasury stock (388) (939)
Net cash provided by financing activities 11,830 104,973
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (157,237) 62,005
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 243,657 181,652
CASH AND CASH EQUIVALENTS AT END OF YEAR 86,420 243,657
Cash paid during the year for:    
Interest 2,435 2,045
Income taxes $ 2,710 2,425
Noncash investing activities:    
Transfer of securities from available-for-sale to held-to-maturity   $ 77,194