v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities          
Net income     $ 14,662 $ 11,041  
Adjustments to reconcile net income to net cash from operating activities:          
Depreciation     1,971 1,979  
Amortization of premiums on available-for-sale securities, net     113 628  
Capitalized additions to servicing rights     (515) (211)  
Servicing rights amortization and impairment $ 234 $ 187 361 355  
Amortization of core deposit intangible     828 828  
Amortization of customer list intangible     61 61  
Net accretion of fair value adjustments     (1,177) (1,354)  
Amortization of subordinated note issuance costs     57 57  
Stock-based compensation expense     744 754  
Director stock award     181 186  
Provision for credit losses - loans 661 605 1,472 316 $ 944
Recovery of credit losses - off balance sheet credit exposures 27 (18) (233) (284)  
Gain on sale of loans held for sale (257) (314) (541) (421)  
Originations of loans held for sale     (30,158) (23,376)  
Proceeds from sale of loans held for sale     27,336 23,745  
Loss on derivatives     (22) (5)  
Loss (Gain) on sale of other assets owned (15) (49) 39 (49)  
Increase in cash surrender value of bank owned life insurance     (483) (452)  
Change in other assets and other liabilities, net     (2,583) (2,597)  
Net cash provided by operating activities     12,113 11,201  
Activity in available-for-sale securities:          
Maturities, prepayments and calls     32,785 13,700  
Purchases     (29,831) (20,523)  
Activity in other securities, at cost:          
Purchases of FHLB stock     (472) (1,138)  
Proceeds from redemption of FHLB stock     878 1,174  
Change in interest-bearing time deposits     490 (481)  
Proceeds from sale of other assets owned     15 85  
Additions to premises and equipment     (1,105) (785)  
Net (increase) decrease on loan originations and principal collections     (63,268) 20,914  
Net cash (used in) provided by investing activities     (60,508) 12,946  
Cash Flows from Financing Activities          
Net change in deposits     23,564 33,627  
Net change in federal funds purchased and securities sold under agreements to repurchase     344 (1,000)  
Proceeds from FHLB advances       15,000  
Repayment of FHLB advances     (57,617) (14,625)  
Purchase of treasury stock     (23) (333)  
Cash dividends paid on common stock     (5,993) (5,949)  
Net cash (used in) provided by financing activities     (39,725) 26,720  
Net (Decrease) Increase in Cash and Cash Equivalents     (88,120) 50,867  
Cash and Cash Equivalents - Beginning of year     176,351 142,201 142,201
Cash and Cash Equivalents - End of period $ 88,231 $ 193,068 88,231 193,068 $ 176,351
Supplemental cash flow information:          
Interest paid     34,859 37,332  
Income taxes paid     4,587 300  
Supplemental noncash disclosures:          
Cash dividends declared not paid     $ 3,000 $ 2,975