v3.26.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 8,768 $ 7,043
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and accretion, net 2,203 2,192
Amortization of right-of-use assets 257 290
Deferred income tax expense (benefit) 189 (212)
Gain on retirement of subordinated debt 0 (128)
Loss on sale of other real estate owned 685 0
Loss on disposal of premises and equipment 4 0
Provision for credit losses, net 454 (543)
Stock-based compensation expense 1,213 1,243
Income from bank owned life insurance (644) (610)
Subordinated debt amortization expense 164 199
Change in:    
Accrued interest receivable and other receivables (57) (3,712)
Other assets (763) 4,616
Other liabilities (925) (7,733)
Net cash provided by operating activities 11,548 2,645
Cash Flows from Investing Activities    
Payments, available-for-sale securities 1,045 1,295
Maturities, sales, called, refunded 250 0
Purchases, available-for-sale securities (250) (1,503)
Maturities, called, refunded 0 1,705
Purchases 0 (504)
Purchases of equity securities 0 (3,532)
Purchases of restricted investment in bank stock 0 (132)
Redemption of restricted investment in bank stock 7 0
Net change in loan portfolio (87,876) 35,969
Proceeds from sale of loans 0 7,683
Proceeds from sale of other real estate owned 1,206 0
Proceeds from sale of premises and equipment 56 0
Purchase of premises and equipment, including property held for sale (197) (3,877)
Net cash (used in) provided by investing activities (85,759) 37,104
Cash Flows from Financing Activities    
Net (decrease) increase in non-interest bearing demand deposits (14,811) 5,738
Net increase (decrease) in interest-bearing demand, savings, NOW, money market and time deposits 49,932 (114,985)
Net decrease in subordinated debt 0 (1,872)
Cash dividends paid on preferred stock (1,078) (1,078)
Cash dividends paid on common stock (1,470) (1,530)
Repurchase of common stock for tax withholding on stock-based compensation (771) 0
Repurchases of common stock (11,066) (446)
Net cash provided by (used in) financing activities 20,736 (114,173)
Decrease in Cash and Cash Equivalents (53,475) (74,424)
Cash and Cash Equivalents, beginning of period 162,756 207,708
Cash and Cash Equivalents, end of period 109,281 133,284
Supplementary Disclosure of Cash Flow Information    
Cash paid during the period for interest 26,668 32,020
Cash paid during the period for income taxes 1,312 0
Supplemental Noncash Disclosures    
Net unrealized gain on securities available-for-sale 324 321
Transfers from loans to other real estate owned $ 1,094 $ 0