v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ 7,081 $ 688 $ 13,310 $ 6,066  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for (reversal of) credit losses (353) 6,956 (509) 7,224  
Depreciation and amortization of premises and equipment     917 894  
Stock-based compensation expense     601 619  
Amortization of premiums and accretion of discounts on securities, net     4 142  
Accretion of net deferred loan fees and costs     (2,763) (2,600)  
Increase in cash surrender value of bank-owned life insurance     (1,024) (965)  
Deferred income tax expense (benefit)     (36) 743  
Amortization of core deposit intangible     382 447  
(Increase) decrease in accrued interest receivable and other assets     (121) 90  
Decrease in accrued interest payable and other liabilities     (2,941) (8,267)  
NET CASH PROVIDED BY OPERATING ACTIVITIES     7,820 4,393  
CASH FLOWS FROM INVESTING ACTIVITIES          
Purchases of available-for-sale securities     (109,380) (11,590)  
Maturities, calls and principal repayments of securities available-for-sale     30,322 36,504  
Maturities, calls and principal repayments of securities held-to-maturity     4 4  
Decrease in loans, net of repayments     108,777 18,229  
Purchase of loans     (60,855) (45,800)  
Purchases of premises and equipment     (1,099) (451)  
Exchange of bank-owned life insurance       2,798  
Purchases of equity method investments       (670)  
Redepmtions (purchases) of restricted bank stock     21 (741)  
NET CASH USED IN INVESTMENT ACTIVITIES     (32,210) (1,717)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net decrease in deposits     (40,501) (100,253)  
Proceeds from overnight borrowings       10,000  
Cash dividends     (4,593) (4,149)  
Share redemption for tax withholding on restricted stock vesting     (246) (227)  
Purchase of treasury stock     (327) (5,643)  
Proceeds from exercise of stock options     561 1,342  
NET CASH USED IN FINANCING ACTIVITIES     (45,106) (98,930)  
NET DECREASE IN CASH AND CASH EQUIVALENTS     (69,496) (96,254)  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     135,686 117,348 $ 117,348
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 66,190 $ 21,094 66,190 21,094 $ 135,686
SUPPLEMENTARY CASH FLOWS INFORMATION:          
Interest paid     25,690 34,230  
Income taxes paid     3,938 2,694  
Increase in ROU leases     $ 860 $ 0