v3.25.2
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 $ 6,061 $ 4,980
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 770 762
Amortization of intangibles 11 12
Net amortization (accretion) of securities 58 (49)
Amortization of debt issuance costs 12 12
Provision (recovery) of credit loss expense 388 (1,187)
Deferred income tax (229) (132)
Net loss on sales of foreclosed assets 25
Net gain on sales of bank premises and equipment (18)
Net gain on sale of loans (4,482) (4,444)
Net mortgage servicing rights amortization 153 276
Origination of loans held for sale (149,800) (127,772)
Proceeds from loans held for sale 140,610 127,071
Change in accrued interest receivable (557) (864)
Change in bank-owned life insurance (281) (261)
Change in other assets (942) (360)
Change in accrued interest payable and other liabilities (176) 804
Net cash used in operating activities (8,379) (1,170)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities, paydowns and calls of available-for-sale debt securities 11,127 30,035
Purchases of available-for-sale debt securities (13,931)
Net redemptions of FHLB stock 2,262
Purchases of FHLB stock (557) 0
Loan (originations) and principal collections, net (2,857) 2,384
Proceeds from sales of foreclosed assets 794
Proceeds from sales of bank premises and equipment 76
Purchases of bank premises and equipment, net (306) (175)
Net cash provided by (used in) investing activities (5,730) 34,582
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in deposits (4,520) 21,355
Net change in securities sold under agreements to repurchase 3,520 1,601
Cash dividends paid (1,194) (1,212)
Purchases and retirement of common stock (263) (521)
Net change in short-term FHLB advances and other borrowings 9,000 (19,000)
Advances on long-term FHLB advances and other borrowings 25,000 1,667
Payments on long-term FHLB advances and other borrowings (15,000) (30,000)
Proceeds from stock options exercised 26 176
Net cash provided by (used in) financing activities 16,569 (25,934)
Increase in cash and cash equivalents 2,460 7,478
Cash and cash equivalents:    
Beginning of the year 44,976 28,018
Ending of the year 47,436 35,496
Cash payments for interest paid:    
Deposits 13,997 13,819
Securities sold under agreements to repurchase 358 454
FHLB advances and other borrowings 1,316 2,515
Total 15,671 16,788
Income taxes paid 2,094 852
SUPPLEMENTAL DISCLOSURES OF NONCASH AND FINANCING ACTIVITIES:    
Dividends payable $ 610 $ 495