v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 16,303 $ 20,352
Adjustments to reconcile net income to net cash provided by operating activities:    
Net change in loans held for sale (1,594) 1,708
Provision for credit losses on loans 471 874
Provision for credit losses on securities available for sale 636  
Net amortization of securities 406 894
Change in unamortized net loan costs and premiums 167 (540)
Premises and equipment depreciation 2,072 2,096
Stock-based compensation expense 1,206 1,171
Amortization of other intangibles 466 466
Income from cash surrender value of bank-owned life insurance policies (1,216) (1,144)
Loss (gain) on available-for-sale debt securities 4,942 (50)
Amortization of right-of-use lease assets (819) 442
Decrease in lease liabilities 858 (440)
Loss (gain) on premises and equipment, net 93 (263)
Net change in other assets and liabilities (9,403) (9,954)
Net cash provided by operating activities 14,588 15,612
Cash flows from investing activities:    
Proceeds from maturities, calls and prepayments of available-for-sale debt securities 41,656 36,656
Purchases of available-for-sale debt securities (52,559) (22,845)
Net change in loans (6,065) (64,753)
Purchase of Federal Home Loan Bank stock (8,583) (9,953)
Proceeds from redemption of Federal Home Loan Bank stock 8,125 7,986
Purchase of premises and equipment, net (3,533) (5,489)
Proceeds from sale of premises held for sale   1,136
Net cash provided by (used in) investing activities (20,959) (57,262)
Cash flows from financing activities:    
Net change in deposits 24,300 (691)
Net change in short-term borrowings 6,465 58,310
Repayments of long-term borrowings (5) (5)
Net change in subordinated debt   80
Net issuance to employee stock plans 144 (326)
Cash dividends paid on common stock (9,660) (8,724)
Net cash used in financing activities 21,244 48,644
Net change in cash and cash equivalents 14,873 6,994
Cash and cash equivalents at beginning of year 72,162 94,842
Cash and cash equivalents at end of period 87,035 101,836
Supplemental cash flow information:    
Interest paid 37,915 34,298
Income taxes paid, net 7,054 $ 7,857
Transfer of non-cash assets $ 1,000