v3.26.1
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 $ 18,553 $ 15,140
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,086 1,090
Change in deferred taxes 508 178
Credit loss expense 1,555 878
Loans originated for resale (3,004) (5,198)
Proceeds from sales and transfers of loans 2,883 5,312
Net gain on sales of loans (69) (114)
Net gain on sale or call of securities (12) 0
Net amortization of premiums on investments 240 281
Net gain on sale of other real estate owned 0 (33)
Equity compensation expense 612 510
Net increase in other assets and accrued interest (11,897) (8,279)
Net decrease in other liabilities (1,642) (847)
Net loss (gain) on disposal of premises and equipment 1 (10)
Amortization of investment in limited partnership 977 626
Net acquisition amortization 13 13
     Net cash provided by operating activities 9,804 9,547
Cash flows from investing activities    
Decrease in interest-bearing deposits in other banks 1,409 18,847
Proceeds from sales of securities available for sale 1,410 0
Proceeds from maturities, payments and calls of securities available for sale 19,317 17,151
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 5,909 2,549
Proceeds from sales of other real estate owned 0 206
Purchases of securities available for sale (33,866) (14,109)
Purchases of securities to be held to maturity (2,000) (750)
Change in restricted equity securities (462) (531)
Net increase in loans (31,981) (53,853)
Capital expenditures (715) (1,487)
Proceeds from disposal of premises and equipment 0 43
     Net cash used by investing activities (40,979) (31,934)
Cash flows from financing activities    
Net decrease in demand, savings, and money market accounts (87,316) (83,956)
Net increase in certificates of deposit 102,342 64,042
Net increase in short-term borrowings 51,248 49,892
Repayment on long-term borrowings (25,000) 0
Payment to repurchase common stock (299) (275)
Proceeds from sale of common stock 504 453
Dividends paid (8,324) (8,045)
Net cash provided by financing activities 33,155 22,111
Net increase (decrease) in cash and cash equivalents 1,980 (276)
Cash and cash equivalents at beginning of period 27,779 27,636
     Cash and cash equivalents at end of period 29,759 27,360
Interest paid 36,867 42,250
Income taxes paid 2,720 2,060
Non-cash transactions    
Change in net unrealized loss on available for sale securities, net of tax $ 1,103 $ (5,434)