v3.25.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 11,233 $ 8,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 925 3,317
Depreciation, amortization and accretion 760 830
(Gain) loss on disposal of premises and equipment   (16)
Amortization of debt issuance costs   51
(Increase) decrease in deferred loan origination fees, net (245) 59
Earnings on bank-owned life insurance policies (183) (175)
Repayment of operating lease liabilities 1,175 1,330
Stock-based compensation expense 1,591 1,507
Net increase in accrued interest receivable and other assets (2,710) (1,406)
Net decrease in accrued interest payable and other liabilities (1,876) (4,204)
Net cash provided by operating activities 10,670 10,005
Investing activities    
Purchase of available-for-sale investment securities (1,944) (3,247)
Proceeds from paydowns/maturities of available-for-sale investment securities 14,585 14,503
Net increase in loans (46,477) (66,019)
Proceeds from surrendered bank-owned life insurance policies   21,443
Purchase of premises and equipment (58) (37)
Proceeds from sale of premises and equipment   36
Net cash used in investing activities (33,894) (33,321)
Financing activities    
Net increase in deposits 111,426 84,163
Restricted stock issued, net (980) (519)
Net proceeds/(repayment) from other borrowings (5,000) 50,000
Net proceeds/(redemption) from Federal Reserve Bank borrowings   20,000
Net proceeds/(redemption) from Federal Home Loan Bank borrowings (45,000)  
Net cash provided by financing activities 70,446 53,644
Net change in cash and cash equivalents 47,222 30,328
Cash and cash equivalents at beginning of period 82,701 81,396
Cash and cash equivalents at end of period 129,923 111,724
Supplemental disclosure of cash flow information    
Interest expense 31,222 36,667
Income taxes 4,601 $ 3,297
Supplemental noncash disclosures    
Recording of right-of-use assets in exchange for lease liabilities $ 439