v3.26.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 6,637 $ 3,922
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 513 537
Net amortization of loans and investment securities 112 71
Amortization of subordinate debt issuance costs 5 11
Provision for credit losses 221 779
Loss on Sale of Investments 7
Loans originated for sale (11,103) (6,986)
Proceeds from sale of loans 28,500 7,774
Gain on sale of loans held for sale (318) (109)
Gain on sale of premise (33)
Increase in cash surrender value of life insurance (132) (115)
Gain from claims on life insurance policies (351)
Stock based compensation 156 194
Net (decrease) increase in other assets (567) 1,607
Net increase in other liabilities 455 1,131
Net cash provided by operating activities 24,095 8,823
Cash flows from investing activities    
Net decrease in long-term interest-earning deposits in other banks 249 250
Proceeds from maturities, calls and pay-downs of securities available for sale 17,214 19,643
Purchase of investment securities available for sale (1,203)
Decrease in restricted stock 10
Net increase in loans (11,642) (58,135)
Proceeds from surrender of life insurance policies 1,306
Proceeds from sale of equity securities 161
Proceeds from sale of premises 830
Capital expenditures (116) (246)
Net cash provided by (used in) investing activities 6,638 (38,317)
Cash flows from financing activities    
Net increase in demand deposits, interest-bearing checking, and savings accounts 39,703 56,305
Net increase (decrease) in time deposits 14,235 (4,375)
Dividends paid (1,480) (1,418)
Purchase of Treasury shares (405) (142)
Cash received from option exercises 6 23
Treasury shares issued under dividend reinvestment plan 264 444
Net cash provided by financing activities 52,323 50,837
Increase in cash and cash equivalents 83,056 21,343
Cash and cash equivalents at the beginning of the period 127,721 203,613
Cash and cash equivalents at the end of the period 210,777 224,956
Cash paid during the period for:    
Interest on deposits and other borrowed funds 9,303 12,146
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 692 $ 131