v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 8,993 $ 7,077
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 550 553
Change in deferred taxes 530 310
Credit loss expense 620 392
Loans originated for resale (1,530) (3,041)
Proceeds from sales and transfers of loans 1,587 3,099
Net gain on sales of loans (57) (58)
Net gain on sale or call of securities (12) 0
Net amortization of premiums on investments 115 127
Net gain on sale of other real estate owned 0 (33)
Equity compensation expense 306 298
Net increase in other assets and accrued interest (11,310) (3,631)
Net increase (decrease) in other liabilities 22,507 (3,214)
Net loss (gain) on disposal of premises and equipment 1 (15)
Amortization of investment in limited partnership 466 309
Net acquisition amortization 7 7
     Net cash provided by operating activities 22,773 2,180
Cash flows from investing activities    
(Increase) decrease in interest-bearing deposits in other banks (25,951) 19,162
Proceeds from sales of securities available for sale 1,410 0
Proceeds from maturities, payments and calls of securities available for sale 10,380 8,471
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 3,860 1,129
Proceeds from sales of other real estate owned 0 206
Purchases of securities available for sale (6,019) (9,652)
Purchases of securities to be held to maturity (2,000) 0
Change in restricted equity securities (39) (306)
Net increase in loans (11,846) (42,363)
Capital expenditures (526) (1,352)
Proceeds from disposal of premises and equipment 0 22
     Net cash used by investing activities (30,731) (24,683)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (58,584) (68,621)
Net increase in certificates of deposit 58,475 54,705
Net increase in short-term borrowings 7,975 64,166
Repayment on long-term borrowings 0 (25,000)
Payment to repurchase common stock (278) (277)
Proceeds from sale of common stock 236 225
Dividends paid (4,038) (3,899)
Net cash provided by financing activities 3,786 21,299
Net decrease in cash and cash equivalents (4,172) (1,204)
Cash and cash equivalents at beginning of period 27,779 27,636
     Cash and cash equivalents at end of period 23,607 26,432
Interest paid 18,322 20,843
Non-cash transactions    
Change in net unrealized loss on available for sale securities, net of tax $ 1,449 $ (3,969)