v3.25.2
Interim Condensed 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 $ 1,927 $ 4,234
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 838 776
Provision for credit losses 3,245 0
Deferred income tax expense 119 511
Reclassification of unrealized gains on terminated derivative contracts (97) (625)
Stock-based compensation expense 381 319
Net accretion of securities (312) (100)
Amortization of intangible assets 37 74
Net loss on premises and equipment and other real estate 14 717
Changes in assets and liabilities:    
Increase in cash surrender value of bank owned life insurance (142) (173)
(Increase) decrease in accrued interest receivable (279) 189
Decrease (increase) in other assets 268 (416)
Increase (decrease) in accrued interest expense 230 (4)
Decrease in other liabilities (574) (2,130)
Net cash provided by operating activities 5,655 3,372
Cash flows from investing activities:    
Net decrease in federal funds sold and securities purchased under reverse repurchase agreements 877 3,955
Purchases of investment securities, available-for-sale (9,645) (27,523)
Proceeds from maturities and prepayments of investment securities, available-for-sale 24,991 19,577
Proceeds from maturities and prepayments of investment securities, held-to-maturity 121 236
Net increase in Federal Home Loan Bank stock (485) (293)
Net (increase) decrease in loans and leases held for investment (51,052) 1,412
Proceeds from the sale of premises and equipment, other real estate and repossessions 628 480
Purchases of premises and equipment (2,321) (1,166)
Net cash used in investing activities (36,886) (3,322)
Cash flows from financing activities:    
Net increase in deposits 14,289 4,264
Net increase in short-term borrowings 25,000 5,000
Net share-based compensation transactions 20 22
Repurchases of common stock (535) (817)
Dividends paid (804) (578)
Net cash provided by financing activities 37,970 7,891
Net increase in cash and cash equivalents 6,739 7,941
Cash and cash equivalents, beginning of period 47,216 50,279
Cash and cash equivalents, end of period 53,955 58,220
Supplemental disclosures:    
Interest 10,269 10,661
Income taxes 458 2,171
Non-cash transactions:    
Assets acquired in settlement of loans 768 846
Reissuance of treasury stock as compensation $ 434 $ 158