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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 $ 2,516 $ 1,668
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 995 59
Release of credit losses provision (975) (689)
Deferred income taxes, net 282 245
Gain on disposals of assets, net (14)  
Increase in cash surrender value of bank owned life insurance (157) (158)
Loss on sale of available-for-sale investments (588)  
Loss on writedown other real estate owned   (130)
Net (increase) decrease in other assets (18) 798
Net decrease (increase) in accrued expenses and other liabilities 439 (451)
Net cash provided by operating activities 3,656 1,602
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 57,380 26,323
Purchases of investment securities available for sale (102,870) (66,941)
Net redemption of Federal Home Loan Bank stock 137 238
Net decrease in loans 43,776 31,065
Proceeds from sale of real estate acquired through foreclosure 589  
Purchases of premises and equipment (287) (573)
Net cash (used in) provided by investing activities (1,275) (9,888)
Cash flows from financing activities:    
Net increase in deposits 33,627 28,180
(Decrease) increase in short term borrowings (19,913) 4,913
Increase in long term borrowings 10,000  
Cash dividends paid (1,138) (1,134)
Common stock dividends reinvested 131 130
Net cash provided by financing activities 22,707 32,089
Net increase (decrease) in cash and cash equivalents 25,088 23,803
Cash and cash equivalents at beginning of year 37,093 13,290
Cash and cash equivalents at end of year 62,181 37,093
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 1,078 1,599
Income taxes paid (refunded) 480  
Income taxes (refunded)   (856)
Net (decrease) increase in unrealized depreciation on available for sale securities 3,048 (1,646)
Decrease (increase) in unrealized depreciation on Swaps $ 508 $ (611)