Antique Carved Buddha on Lotus Flower Statue

I purchased this piece in a quaint little antique shop over a decade ago; the story I was told was that it was salvaged from the ruins of a derelict 16th century Buddhist temple. I cannot verify this, however this unique table statue does show considerable wear and tear consistent with being an ancient work of art. This unique statue, which appears to be carved from one piece of wood, features an image of Buddha sitting atop a lotus flower. At the back of the statue there is a cut-out, which I was told is for placing a small piece of paper with one's written prayer request on it. Condition is consistent with an age of several hundred years, including fading of the red color at the base, some discoloration on the face of the Buddha, few small cracks/chips in the wood, and persistent dust within the crevices of the carved design. The overall artistic integrity of the piece is largely intact.