v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 23,427 $ 25,958 $ 24,148
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 6,073 2,195 186
Realized (gains) losses on available-for-sale debt securities, net (38) 0 3,036
Net amortization of securities 1,380 1,645 2,062
Increase in cash surrender value of life insurance (1,927) (1,830) (2,703)
Depreciation and amortization of bank premises and equipment 2,363 2,183 2,151
Net accretion of purchase accounting adjustments (91) (253) (288)
Stock-based compensation 1,287 1,494 1,472
Deferred income taxes 2,718 (1,504) 836
Decrease in fair value of servicing rights 258 164 200
Net gains from sale of loans (1,483) (1,158) (723)
Origination of loans held for sale (47,587) (37,841) (24,630)
Proceeds from sales of loans held for sale 49,558 36,810 25,106
Increase in accrued interest receivable and other assets (755) (3,014) (1,400)
(Decrease) increase in accrued interest payable and other liabilities (3,300) 7,992 4,161
Other 120 194 (66)
Net Cash Provided by Operating Activities 32,003 33,035 33,548
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash and cash equivalents provided by business combination 5,826 0 0
Proceeds from maturities of certificates of deposit 1,250 1,500 3,250
Proceeds from sales of available-for-sale debt securities 143,197 0 60,819
Proceeds from calls and maturities of available-for-sale debt securities 50,778 39,188 52,323
Purchase of available-for-sale debt securities (134,037) (25,788) (23,414)
Redemption of Federal Home Loan Bank of Pittsburgh stock 4,116 7,006 22,634
Purchase of Federal Home Loan Bank of Pittsburgh stock (2,279) (6,810) (23,680)
Purchase of Federal Reserve Bank stock (1,338) (47) (6,252)
Net increase in loans (65,800) (48,697) (107,356)
Proceeds from bank-owned life insurance 0 14,290 363
Purchase of bank-owned life insurance 0 0 (30,000)
Purchase of premises and equipment (1,905) (1,906) (2,265)
Proceeds from sale of foreclosed assets 346 293 267
Other 42 33 109
Net Cash Provided by (Used in) Investing Activities 196 (20,938) (53,202)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (decrease) increase in deposits (30,370) 79,107 17,234
Net decrease in short-term borrowings (19,670) (31,386) (46,188)
Proceeds from long-term borrowings - FHLB advances 0 59,386 85,436
Repayments of long-term borrowings - FHLB advances (44,516) (32,249) (9,395)
Purchases of treasury stock (218) (629) (6,784)
Common dividends paid (16,293) (15,530) (15,569)
Net Cash (Used in) Provided by Financing Activities (111,067) 58,699 24,734
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (78,868) 70,796 5,080
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 123,574 52,778 47,698
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 44,706 $ 123,574 $ 52,778