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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 231 $ 594
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 107 104
Amortization, and accretion of investment securities available for sale 91 107
Release for credit losses (100) (404)
Increase in cash surrender value of bank owned life insurance (38) (38)
(Decrease) increase in accrued interest receivable (39) 25
Net increase in other assets (118) (54)
Net increase in accrued expenses and other liabilities (364) (51)
Net cash (used in) provided by operating activities (230) 283
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 3,527 4,938
Purchases of investment securities available for sale (7,000) (29,467)
Net (sale) purchase of Federal Home Loan Bank stock (11) 137
Net decrease in loans 6,151 7,194
Purchases of premises and equipment (47) (88)
Net cash provided by (used in) investing activities 2,620 (17,286)
Cash flows from financing activities:    
Net increase in deposits 4,528 19,303
Increase in short term borrowings   1,332
Cash dividends paid (286) (284)
Common stock dividends reinvested 27 33
Net cash provided by financing activities 4,269 20,384
Net increase in cash and cash equivalents 6,659 3,381
Cash and cash equivalents at beginning of period 62,181 37,093
Cash and cash equivalents at end of period 68,840 40,474
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 228 282
Net income taxes paid   65
Net increase in unrealized depreciation on available for sale securities (11,937) (3,574)
Net decrease in unrealized depreciation on swaps $ 337 $ 140