v3.26.1
Interim Condensed 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 $ 3,698 $ 1,927
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 930 838
Provision for credit losses 1,193 3,245
Deferred income tax expense 281 119
Reclassification of unrealized gains on terminated derivative contracts (96) (97)
Stock-based compensation expense 389 381
Net accretion of securities (527) (312)
Amortization of intangible assets 0 37
Net gain on sales and prepayments of investment securities (458) (2)
Net loss on premises and equipment and other real estate 213 14
Changes in assets and liabilities:    
Increase in cash surrender value of bank owned life insurance (177) (142)
Increase in accrued interest receivable (64) (279)
Decrease in other assets 98 268
Increase (decrease) in accrued interest expense (1,000) 230
Increase (decrease) in other liabilities 320 (574)
Net cash provided by operating activities 4,800 5,653
Cash flows from investing activities:    
Net decrease in federal funds sold and securities purchased under reverse repurchase agreements 0 877
Purchases of investment securities, available-for-sale (25,433) (9,645)
Proceeds from the sale of investment securities, available-for-sale 7,087 0
Proceeds from maturities and prepayments of investment securities, available-for-sale 19,898 24,993
Proceeds from maturities and prepayments of investment securities, held-to-maturity 84 121
Net increase in Federal Home Loan Bank stock (988) (485)
Net (increase) in loans and leases held for investment (9,251) (51,052)
Proceeds from the sale of premises and equipment, other real estate and repossessions 544 628
Purchases of premises and equipment (1,815) (2,321)
Net cash used in investing activities (9,874) (36,884)
Cash flows from financing activities:    
Net increase (decrease) in deposits (30,006) 14,289
Net increase in short-term borrowings 25,000 25,000
Net share-based compensation transactions (108) 20
Repurchases of common stock (3,641) (535)
Dividends paid (781) (804)
Net cash (used in) provided by financing activities (9,536) 37,970
Net increase (decrease) in cash and cash equivalents (14,610) 6,739
Cash and cash equivalents, beginning of period 73,547 47,216
Cash and cash equivalents, end of period 58,937 53,955
Supplemental disclosures:    
Interest 11,882 10,269
Income taxes 1,540 458
Non-cash transactions:    
Assets acquired in settlement of loans 502 768
Reissuance of treasury stock as compensation $ 0 $ 434