v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net Income $ 3,867 $ 1,909
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities    
Net Accretion on Securities (260) (26)
Depreciation and Amortization 445 442
Net Loss on Sale of Equity Securities 0 13
Net Unrealized (Gain) Loss Recognized on Equity Securities (8) 56
Gain on Purchased Tax Credits (10) (4)
Income from Bank-Owned Life Insurance (152) (149)
Proceeds From Mortgage Loans Sold 303 2,063
Originations of Mortgage Loans for Sale (292) (1,774)
Net Gain on Sale of Loans (11) (22)
Noncash Expense for Stock-Based Compensation 212 223
(Increase) Decrease in Accrued Interest Receivable (77) 57
(Benefit) Provision in Deferred Income Tax (406) 510
Increase in Taxes Payable 623 384
Payments on Operating Leases 0
Decrease in Accrued Interest Payable (101) (46)
Other, Net (1,356) 431
Net Cash Provided by Operating Activities 3,018 4,027
Investment Securities Available for Sale:    
Proceeds From Principal Repayments and Maturities 8,764 14,171
Purchases of Securities (25,962) (10,069)
Proceeds from Sale of Debt Securities 0 1,680
Net Decrease in Loans 4,382 7,466
Purchase of Premises and Equipment (202) (101)
Investment in Low Income Housing Tax Credit (197) 0
Investment in Historical Tax Credit (217) 0
Redemption of Restricted Equity Securities 0 34
Net Cash (Used in) Provided by Investing Activities (13,432) 13,181
FINANCING ACTIVITIES    
Net Increase (Decrease) in Deposits 35,632 (2,420)
Cash Dividends Paid (1,411) (1,281)
Treasury Stock, Purchases at Cost (292) (2,378)
Exercise of Stock Options 341 573
Net Cash Provided by (Used in) Financing Activities 34,270 (5,506)
Increase in Cash and Due from Banks 23,856 11,702
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 31,693 49,572
CASH AND DUE FROM BANKS AT END OF PERIOD 55,549 61,274
Cash Paid For:    
Interest on Deposits and Borrowings (Including Interest Credited to Deposits of $5,478 and $6,302, Respectively) 5,881 6,581
Income Taxes 10 1,000
SUPPLEMENTAL NONCASH DISCLOSURE:    
Transfer of Loans from Loans Held for Sale to Portfolio 0 403
Syndicated Loans Purchased and Sold Not Settled, net 0 2,985
Right of Use Asset Recognized 495 0
Unfunded Commitment in Low Income Housing Tax Credit 3,841 4,995
Unfunded Commitment in Historical Tax Credits 555 0
Loans    
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities    
Recovery/Provision for Credit Losses 228 68
Unfunded Commitments    
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities    
Recovery/Provision for Credit Losses $ 13 $ (108)