v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:                  
Net income attributable to common stockholders $ 1,102 $ 3,755 $ 4,271 $ 3,682 $ 3,270 $ 3,197 $ 4,857 $ 6,467  
Adjustments to reconcile net income to net cash provided by operating activities:                  
Net accretion on debt securities             (52) (18)  
Depreciation expense             961 1,044  
Provision for credit losses 4,325       1,350   5,075 1,100  
Net gains on equity securities             (101) (109)  
Increase in mortgage servicing rights resulting from transfers of financial assets             (293) (173)  
Mortgage servicing rights amortization             334 288  
Amortization of intangible assets 113       179   226 358  
Stock based compensation expense             12 102  
Increase in deferred income taxes             (562) (152)  
Increase in cash surrender value of life insurance             (434) (392)  
Net gain from disposals of foreclosed and repossessed assets             (12) (11)  
Provision for valuation allowance on foreclosed properties             0 15  
Gain on sale of loans held for sale, net             (1,463) (1,419)  
Proceeds from sale of loans held for sale             42,922 37,074  
Originations of loans held for sale             (37,446) (40,389)  
Amortization of debt issuance costs             81 116  
Net change in:                  
Accrued interest receivable and other assets             (961) 423  
Other liabilities             (1,254) (3,117)  
Total adjustments             7,033 (5,260)  
Net cash from operating activities             11,890 1,207  
Cash flows from investing activities:                  
Purchase of available-for-sale securities             (4,309) (1,948)  
Proceeds from principal payments and maturities of available-for-sale securities             7,581 8,874  
Proceeds from calls of available-for-sale securities             3,123 3,200  
Proceeds from principal payments and maturities of held-to-maturity securities             2,788 2,468  
Equity investment capital distribution             78 0  
Purchase of equity investments             (424) (930)  
Net sales of other investments             21 121  
Proceeds from sales of foreclosed and repossessed assets             19 43  
Net (increase) decrease in loans             (44,227) 23,032  
Net capital expenditures             (2,045) (326)  
Net cash from investing activities             (37,395) 34,534  
Cash flows from financing activities:                  
Federal Home Loan Bank advance long-term maturities             0 (5,000)  
Net increase in deposits             30,318 (9,732)  
Repurchase shares of common stock             (18) 0  
Surrender of restricted shares of common stock             (89) (190)  
Common stock options exercised             227 61 $ 179
Cash dividends paid             (2,024) (3,598)  
Net cash from financing activities             28,414 (18,459)  
Net increase in cash and cash equivalents             2,909 17,282  
Cash and cash equivalents at beginning of period   $ 118,853   $ 67,454   $ 50,172 118,853 50,172 50,172
Cash and cash equivalents at end of period $ 121,762   $ 118,853   $ 67,454   121,762 67,454 $ 118,853
Cash paid during the period for:                  
Interest on deposits             16,157 15,493  
Interest on borrowings             1,434 1,687  
Income taxes             110 1,093  
Supplemental noncash disclosure:                  
Transfers from loans receivable to other real estate owned ("OREO")             $ 0 $ 0