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 $ 5,928 $ 4,896
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 853 786
Credit loss (benefit) expense (150) 456
Deferred income tax benefit 10 8
Net amortization of premiums on investment securities 16 314
Equity in losses of limited partnerships 939 909
Stock based compensation expense 571 296
Net (increase) decrease in unamortized loan costs (67) 6
Proceeds from sales of loans held for sale 57,694 57,649
Origination of loans held for sale (57,755) (60,568)
Net gains on sales of loans held for sale (840) (869)
Net gains on disposals of premises and equipment (381) 0
Net gains on other investments (125) (84)
Decrease in accrued interest receivable 1,330 989
Amortization of debt issuance costs 17 17
Increase in other assets (299) (1,108)
Increase in other liabilities 1,802 651
Net cash provided by operating activities 9,543 4,348
Interest bearing deposits in banks    
Proceeds from maturities and redemptions 4,971 7,719
Purchases (3,974) (5,220)
Investment securities available-for-sale    
Proceeds from maturities, calls and paydowns 18,873 13,207
Net purchases of other investments (51) (48)
Net increase in nonmarketable stock (1,437) (286)
Net decrease in loans 57,905 52,966
Recoveries of loans charged off 8 10
Net purchases of premises and equipment (1,100) (812)
Investments in limited partnerships (307) (705)
Proceeds from sales of premises and equipment 420 0
Net cash provided by investing activities 75,308 66,831
Cash Flows From Financing Activities    
Advances on long-term borrowings 85,094 30,145
Repayment of long-term borrowings (40,000) (20,000)
Net increase in short-term borrowings outstanding 5,500 833
Net decrease in noninterest bearing deposits (10,087) (8,731)
Net decrease in interest bearing deposits (140,675) (136,451)
Net increase in time deposits 29,843 79,634
Proceeds from issuance of common stock, net of issuance costs 7,437 52
Dividends paid (3,280) (3,232)
Net cash used in financing activities (66,168) (57,750)
Net increase in cash and cash equivalents 18,683 13,429
Cash and cash equivalents    
Beginning of period 12,300 15,838
End of period 30,983 29,267
Supplemental Disclosures of Cash Flow Information    
Interest paid 16,327 16,553
Income taxes paid 200 200
Supplemental Schedule of Noncash Investing Activities    
Investment in limited partnerships acquired by capital contributions payable 939 1,901
Dividends paid on Common Stock:    
Dividends declared 3,322 3,268
Dividends reinvested (42) (36)
Dividends paid $ 3,280 $ 3,232