v3.25.2
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 8,980 $ 6,612
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Provision for loan losses (1,206) 562
Depreciation 1,072 1,025
Investment Income, Net, Amortization of Discount and Premium 543 692
Gain (Loss) on Sale of Mortgage Loans (77) (101)
Bank Owned Life Insurance Income, Net of Expense 667 490
Share-based Payment Arrangement, Noncash Expense 222 324
Payments for Origination of Mortgage Loans Held-for-sale (3,018) (4,214)
Proceeds from Sale of Mortgage Loans Held-for-sale 3,282 3,678
Net changes in operating assets and liabilities which provided (used) cash:    
Increase (Decrease) in Other Operating Assets 1,899 544
Accrued interest and other liabilities 1,513 330
Net Cash Provided by (Used in) Operating Activities, Total 12,543 8,962
INVESTING ACTIVITIES    
Sales, Maturities, Prepayments and Calls 47,819 19,587
Purchases of AFS securities (51,000) 0
Proceeds from Sale of Federal Home Loan Bank Stock 7,162 0
Payments for (Proceeds from) Loans and Leases 27,053 (33,078)
Purchases of premises and equipment (1,584) (1,229)
Payment to Acquire Life Insurance Policy, Investing Activities (10,225) 0
Payments to Acquire Other Investments (3,767) (3)
Net Cash Provided by (Used in) Investing Activities, Total 15,458 (14,723)
FINANCING ACTIVITIES    
Net increase (decrease) in deposits 102,316 (1,396)
Increase in other borrowed funds (10,359) (2,607)
Increase (Decrease) in Loans from Federal Home Loan Banks (30,000) 5,000
Cash dividends paid on common stock (4,055) (4,086)
Proceeds from issuance of common stock 759 840
Common stock repurchased (2,650) (1,402)
Common stock purchased for deferred compensation obligations 0 (701)
Net cash provided by (used in) financing activities 56,011 (4,352)
Increase (decrease) in cash and cash equivalents 84,012 (10,113)
Cash and cash equivalents at beginning of period 24,542 33,672
Cash and cash equivalents at end of period 108,554 23,559
SUPPLEMENTAL CASH FLOWS INFORMATION:    
Interest Paid, Excluding Capitalized Interest, Operating Activity 16,335 16,651
SUPPLEMENTAL NONCASH INFORMATION:    
Transfers of loans to foreclosed assets $ 293 $ 330