v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 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 $ 6,321,000 $ 6,786,000 $ 13,501,000 $ 13,040,000  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for Credit Losses 860,000 925,000 1,110,000 1,746,000  
Change in deferred loan origination costs/fees, net     (89,000) (369,000)  
Depreciation and amortization     722,000 719,000  
Stock-based compensation expense     177,000 256,000  
Net (gain) loss on sale of investment securities (3,000) 0 (3,000) 19,826,000  
Amortization of investment security premiums     357,000 454,000  
Accretion of investment security discounts     (608,000) (574,000)  
Loss on sale of other vehicles     18,000 31,000  
Gain on sale of loans held for sale     0 (37,000)  
Loans originated for sale     (75,000) (636,000)  
Proceeds from loan sales     0 757,000  
Earnings on bank-owned life insurance     (217,000) (200,000)  
Gain on sale of buildings 0 0 0 (19,854,000)  
Increase in accrued interest receivable and other assets     (7,027,000) (507,000)  
Increase in accrued interest payable and other liabilities     1,702,000 (414,000)  
Net cash provided by operating activities     9,568,000 14,238,000  
Cash Flows from Investing Activities:          
Proceeds from principal repayments from available-for-sale securities     19,439,000 16,676,000  
Proceeds from sale of available-for-sale securities     1,122,000 114,838,000 $ 116,285,000
Proceeds from matured and called available-for-sale securities     655,000 4,570,000  
Purchases of available-for-sale securities     (16,560,000) (101,298,000)  
Purchase of Federal Reserve Bank stock     (4,000) (3,000)  
Net increase in loans     (2,629,000) (39,895,000)  
Proceeds from the sale of OREO     0 362,000  
Proceeds from sale of other vehicles     234,000 505,000  
Proceeds from the sale of buildings     0 25,690,000  
Purchase of premises and equipment     (204,000) (421,000)  
Net cash provided by investing activities     2,053,000 21,024,000  
Cash Flows from Financing Activities:          
Net decrease in demand, interest bearing and savings deposits     (36,870,000) (35,207,000)  
Net increase in time deposits     32,596,000 6,139,000  
Net decrease in securities sold under agreements to repurchase     (7,133,000) (9,184,000)  
Cash dividends paid on common stock     (3,549,000) (3,180,000)  
Increase in other borrowings     0 30,000,000  
Cash received from option exercises 254,000 8,000 583,000 367,000  
Net cash used in financing activities     (14,373,000) (11,065,000)  
(Decrease) increase in cash and cash equivalents     (2,752,000) 24,197,000  
Cash and Cash Equivalents at Beginning of Period     82,018,000 85,655,000 85,655,000
Cash and Cash Equivalents at End of Period 79,266,000 109,852,000 79,266,000 109,852,000 $ 82,018,000
Supplemental Disclosure of Cash Flow Information:          
Interest expense     4,776,000 3,465,000  
Income taxes     6,985,000 5,135,000  
Supplemental noncash disclosures          
Real estate and vehicles acquired through foreclosure/repossession $ 145,000 $ 431,000 145,000 431,000  
Common stock retired in connection with the exercise of stock options     86,000 39,000  
Lease liabilities arising from obtaining right-of-use assets     $ 244,000 $ 22,588,000