v3.26.1
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 (loss) $ 22,904 $ 20,252 $ 16,678
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,792 3,095 3,780
Reversal of credit losses (3,391) (3,480) (2,000)
Net amortization (accretion) of purchase accounting adjustments 59 (32) (274)
Provision for other real estate owned 434 233 0
Net accretion of securities (673) (62) (62)
(Gain) loss on call or sale of investment securities, net (18) 753 323
Loss (gain) on sale or disposition of fixed assets, net 8 (427) 1,323
(Gain) loss on sale of other real estate owned, net (29) (683) 114
Gain on sale of loans 0 0 (75)
Gain on early extinguishment of subordinated debt 0 (292) 0
FHLB stock dividend (273) (194) (642)
Stock-based compensation 1,980 1,956 1,988
Deferred taxes (349) 659 (350)
Net change in value of BOLI (1,985) (1,771) (1,417)
Gain on BOLI death benefit proceeds 0 (3,115) 0
Amortization of subordinated debt issuance costs 42 83 95
Change in the fair value of equity securities (261) (413) 65
Net change in:      
Accrued interest receivable 135 (57) (518)
Other assets (2,009) 376 5,772
Accrued taxes and other liabilities (1,150) (954) 1,447
Net cash provided by operating activities 18,216 15,927 26,247
Cash flows from investing activities      
Proceeds from sales of investment securities available for sale 0 18,048 14,974
Purchases of securities available for sale (74,974) (27,590) (107,904)
Purchases of securities held to maturity (8,300) (27,000) (14,056)
Proceeds from maturities, prepayments and calls of investment securities available for sale 52,231 35,576 140,712
Proceeds from maturities, prepayments and calls of investment securities held to maturity 2,783 4,779 1,879
Net (increase) decrease in loans (49,530) 83,283 41,999
Proceeds from sales of other real estate owned 3,126 2,070 1,484
Proceeds from sales of fixed assets 0 1,341 42
Purchases of loans 0 0 (163,842)
Purchases of fixed assets (1,383) (506) (1,072)
Purchases of BOLI (7,500) (10,000) 0
Proceeds from surrender of BOLI 0 8,440 0
Proceeds from BOLI death benefits 0 5,540 0
Purchases of other investments (230) (319) (617)
Distributions from investments 618 294 274
Cash paid for branch sale to First Community Bank, net of cash received 0 0 (596)
Net cash (used in) provided by investing activities (83,906) 90,065 (73,490)
Cash flows from financing activities      
Net increase in customer deposits 4,313 90,291 188,125
Net increase (decrease) in repurchase agreements 2,807 (257) 8,633
Net increase (decrease) in short-term FHLB advances 28,785 7,215 (333,500)
Net (decrease) increase in borrowings under the BTFP 0 (212,500) 212,500
Proceeds from long-term FHLB advances 20,000 60,000 0
Repayment of long-term FHLB advances 0 (23,500) (30,000)
Cash dividends paid on common stock (4,227) (3,972) (3,844)
Payments to repurchase common stock (2,293) (305) (3,026)
Proceeds from stock options exercised 63 337 105
Proceeds from preferred stock offering, net of issuance costs 30,353 0 0
Cash dividends paid on preferred stock (528) 0 0
Extinguishment of subordinated debt 0 (27,388) 0
Net cash provided by (used in) financing activities 79,273 (110,079) 38,993
Net increase (decrease) in cash and cash equivalents 13,583 (4,087) (8,250)
Cash and cash equivalents, beginning of period 27,922 32,009 40,259
Cash and cash equivalents, end of period 41,505 27,922 32,009
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest on deposits and borrowings 63,119 74,463 56,773
Income taxes total 5,889 3,101 2,899
Federal 5,630 2,990 2,828
State 259 111 71
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES      
Transfer from loans to other real estate owned 1,687 1,975 3,930
Transfer from bank premises and equipment to other real estate owned 0 424 1,425
Equity Securities, Held In Correspondent Banks [Member]      
Cash flows from investing activities      
Proceeds from redemption or sale of equity securities at fair value 2,491 1,872 17,429
Purchases of equity securities at fair value (2,738) (4,763) (4,196)
Marketable Securities and Mutual Funds [Member]      
Cash flows from investing activities      
Purchases of equity securities at fair value $ (500) $ (1,000) $ 0