v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,309,000 $ 5,297,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (reversal of) credit losses 464,000 274,000
Increase in deferred fees/costs, net (114,000) (204,000)
Depreciation 391,000 331,000
Amortization of investment securities, net 211,000 195,000
Unrealized (gain) loss on equity securities 22,000 (59,000)
Amortization of operating lease right-of-use asset (59,000) (59,000)
Stock based compensation 252,000 201,000
Loss (gain) on sales and calls of available-for-sale securities 5,000 0
Earnings on cash surrender value of life insurance (304,000) (288,000)
Decrease (increase) in deferred tax asset (1,649,000) (1,120,000)
(Decrease) increase in interest payable and other liabilities 949,000 1,315,000
Increase in interest receivable 406,000 352,000
Decrease in other assets 2,174,000 2,007,000
Net cash provided by operating activities 8,057,000 8,242,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of available-for-sale securities (29,671,000) 0
Purchases of equity securities (32,000) (29,000)
Proceeds from maturities, calls, and principal paydowns of available-for-sale securities 12,364,000 3,829,000
Investment in LIHTC (204,000) (1,174,000)
Net increase in loans (3,457,000) 15,704,000
Purchase of BOLI policies (2,000,000) 0
Purchases of premises and equipment (212,000) (1,179,000)
Net cash used in investing activities (23,212,000) 17,151,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Shareholder cash dividends paid (3,146,000) (2,507,000)
Net increase in demand deposits and savings accounts (19,919,000) 11,379,000
Net increase in time deposits 7,953,000 6,523,000
Tax withholding payments on vested restricted shares surrendered (309,000) (240,000)
Net cash provided by in financing activities (15,421,000) 15,155,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (30,576,000) 40,548,000
CASH AND CASH EQUIVALENTS, beginning of period 232,179,000 168,751,000
CASH AND CASH EQUIVALENTS, end of period 201,603,000 209,299,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest 3,365,000 3,301,000
Operating leases 410,000 379,000
NON-CASH INVESTING ACTIVITIES:    
Change in unrealized gain (loss) on securities (5,576,000) (3,787,000)
Change in contributions payable to LIHTC limited partner investment 0 5,000,000
Right-of-use asset obtained in exchange for new operating lease liability $ (225,000) $ (634,000)