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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 435 $ 231
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion of premises and equipment 103 107
Amortization, and accretion of investment securities available for sale 37 91
Release for credit losses (42) (100)
Increase in cash surrender value of bank owned life insurance (39) (38)
Decrease in ground rents 3  
Increase in accrued interest receivable (101) (39)
Net decrease (increase) in other assets 58 (118)
Net decrease in accrued expenses and other liabilities (224) (364)
Net cash provided by (used in) operating activities 230 (230)
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 2,134 3,527
Purchases of investment securities available for sale   (7,000)
Net sale (purchase) of Federal Home Loan Bank stock 30 (11)
Net decrease in loans 2,339 6,151
Purchases of premises and equipment (43) (47)
Net cash provided by investing activities 4,460 2,620
Cash flows from financing activities:    
Net (decrease) increase in deposits (19,933) 4,528
Cash dividends paid (287) (286)
Common stock dividends reinvested 30 27
Net cash (used in) provided by financing activities (20,190) 4,269
Net (decrease) increase in cash and cash equivalents (15,500) 6,659
Cash and cash equivalents at beginning of period 30,092 62,181
Cash and cash equivalents at end of period 14,592 68,840
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 99 228
Net income taxes paid 245  
Net decrease (increase) in unrealized depreciation on available for sale securities $ 2,763 (11,937)
Net decrease in unrealized depreciation on swaps   $ 337