v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 7,699 $ 6,476
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Provision for credit losses 622 1,080
Depreciation 2,497 2,633
Net amortization of investment securities premiums and discounts 366 351
Amortization of mortgage servicing rights 1,157 882
Amortization of right-of-use assets 198 239
Amortization of core deposit intangibles 520 618
Compensation expense related to restricted stock awards 402 345
ESOP compensation expense for allocated shares 262 197
Net gain on sale of loans (3,903) (3,432)
Originations of loans held-for-sale (147,292) (98,554)
Proceeds from sales of loans held-for-sale 141,676 101,077
Net loss on sale of real estate owned and other repossessed assets 10 10
Net gain on insurance proceeds related to premises and equipment (488) 0
Net gain on sale/disposal of premises and equipment (25) 0
Net appreciation in cash surrender value of life insurance (769) (708)
Net change in:    
Accrued interest and dividends receivable 206 (1,784)
Other assets (987) 918
Accrued expenses and other liabilities (8,946) (6,717)
Net cash (used in) provided by operating activities (6,795) 3,631
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities, principal payments and calls 10,197 13,340
Purchases (15,186) (3,023)
FHLB stock (purchased) redeemed (2,351) 778
Loan origination and principal collection, net (39,551) (49,117)
Insurance proceeds related to premises and equipment 488 0
Purchases of premises and equipment, net (1,179) (1,981)
Net cash used in investing activities (47,582) (40,003)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 8,605 56,697
Net short-term advances on FHLB and other borrowings 28,580 20,977
Advances on long-term FHLB and other borrowings 0 20,000
Payments on long-term FHLB and other borrowings (14,500) (62,500)
Purchase of treasury stock 0 (1,163)
Dividends paid (2,310) (2,270)
Net cash provided by financing activities 20,375 31,741
NET DECREASE IN CASH AND CASH EQUIVALENTS (34,002) (4,631)
CASH AND CASH EQUIVALENTS, beginning of period 62,962 31,559
CASH AND CASH EQUIVALENTS, end of period 28,960 26,928
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for interest 15,995 19,858
Cash paid during the period for income taxes, net of refunds 2,295 477
NON-CASH OPERATING, INVESTING AND FINANCING ACTIVITIES:    
(Decrease) increase in fair value of securities available-for-sale (621) 3,115
Mortgage servicing rights recognized 999 626
Right-of-use assets obtained in exchange for lease liabilities 0 3
Loans transferred to real estate and other assets acquired in foreclosure 0 91
Decrease in commitments to invest in Low-Income Housing Tax Credit projects 0 (31)
Premises and equipment acquired through non-cash trade-in $ 36 $ 0