v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities    
Net income $ 10,634,000 $ 9,137,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 489,000 503,000
Accretion and amortization of investment securities premiums and discounts, net (995,000) (681,000)
Increase in deferred loan origination costs, net (60,000) (197,000)
Amortization of intangible assets 498,000 369,000
Provision for credit losses 900,000 850,000
Stock-based compensation 271,000 364,000
Losses on sales/calls of available-for-sale securities (112,000) (89,000)
Amortization of operating lease right-of-use asset 432,000 438,000
Gains on sales of loans held-for-sale 26,000 24,000
Proceeds from sales of loans held-for-sale 2,571,000 1,908,000
Originations of loans held-for-sale (2,951,000) (1,884,000)
Changes in assets and liabilities:    
Increase in interest receivable and other assets (2,079,000) (3,436,000)
Decrease in interest payable and other liabilities (2,074,000) (1,473,000)
Net cash provided by operating activities 7,722,000 5,963,000
Cash Flows From Investing Activities    
Proceeds from calls or maturities of available-for-sale securities 22,500,000 24,000,000
Proceeds from sales of available-for-sale securities 4,873,000 27,315,000
Principal repayments on available-for-sale securities 45,449,000 42,420,000
Purchases of available-for-sale securities (79,794,000) (36,780,000)
Proceeds from maturities of certificates of deposit 2,427,000 2,208,000
Purchases of certificates of deposit (3,110,000) (710,000)
Net increase in loans (42,465,000) (17,259,000)
Purchases of Federal Home Loan Bank stock and other equity securities, at cost 0 (353,000)
Purchases of premises and equipment (1,059,000) (431,000)
Net cash (used in) provided by investing activities (51,179,000) 40,410,000
Cash Flows From Financing Activities    
Net increase (decrease) in deposits 12,744,000 (36,812,000)
Cash dividends paid in lieu of fractional shares (10,000) (8,000)
Repurchases of common stock (1,396,000) (2,150,000)
Net cash provided by (used in) financing activities 11,338,000 (38,970,000)
Net (decrease) increase in Cash and Cash Equivalents (32,119,000) 7,403,000
Cash and Cash Equivalents, beginning of period 145,554,000 119,448,000
Cash and Cash Equivalents, end of period 113,435,000 126,851,000
Supplemental Disclosures of Cash Flow Information:    
Interest 7,702,000 7,813,000
Income taxes 3,650,000 3,620,000
Supplemental disclosures of non-cash investing and financing activities:    
Stock dividend distributed 10,659,000 7,510,000
Unrealized holding (losses) gains on available-for-sale securities, net of taxes (4,363,000) 11,210,000
Market value of shares tendered in-lieu of cash to pay for exercise of options 257,000 805,000
Recognition of right-of-use assets obtained in exchange for operating lease liabilities 344,000 0
Transfer of premises and equipment to other real estate owned $ 0 $ 1,241,000