v3.25.2
Consolidated Statements Of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income $ 3,546,000 $ 4,335,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 662,000 690,000
Net amortization and accretion of premiums and discounts on securities 139,000 281,000
Amortization of debt issuance costs 2,000 3,000
Gain on sales of available-for-sale securities   (40,000)
Gain on sales of loans held for sale (2,426,000) (2,200,000)
Proceeds from sales of loans held for sale 96,007,000 89,279,000
Origination of loans held for sale (94,191,000) (90,656,000)
Recovery of provision for credit losses (391,000) (676,000)
Amortization of intangibles 280,000 280,000
Bank owned life insurance income (378,000) (342,000)
(Decrease) in interest receivable (83,000) (85,000)
Decrease (increase) in other assets 727,000 (302,000)
Increase in interest payable 134,000 73,000
Increase in other liabilities 388,000 1,013,000
Net cash provided by operating activities 4,416,000 1,653,000
Cash flows from investing activities    
Purchases of securities available-for-sale (19,182,000) (12,011,000)
Proceeds from maturities, calls and paydowns of securities available-for-sale 15,650,000 11,131,000
Proceeds from sales of securities available-for-sale 0 8,754,000
Purchases of bank owned life insurance   (600,000)
Purchases of restricted securities (7,000) (29,000)
Origination of loans, net of principal collected (12,013,000) (13,567,000)
Purchases of premises and equipment (747,000) (592,000)
Purchase of SBIC fund (150,000)  
Net cash used in investing activities (16,449,000) (6,914,000)
Cash flows from financing activities    
Net increase in deposits 28,123,000 6,443,000
Principal payments on finance lease obligations (224,000) (186,000)
Repayment of capital notes (10,050,000)  
Repayment of other borrowings (308,000) (297,000)
Dividends paid to common stockholders (910,000) (910,000)
Net cash provided by financing activities 16,631,000 5,050,000
Increase (decrease) in cash and cash equivalents 4,598,000 (211,000)
Cash and cash equivalents at beginning of period 73,309,000 74,838,000
Cash and cash equivalents at end of period 77,907,000 74,627,000
Noncash transactions    
Unrealized gains (losses) on securities available-for-sale 5,268,000 (2,226,000)
Cash transactions    
Cash paid for interest 6,769,000 7,330,000
Cash paid for income taxes $ 690,000 $ 850,000