v3.26.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 10,033 $ 8,980
Reconciliation of net income to net cash provided by operating activities    
Provision for (reversal of) credit losses 1,499 (1,206)
Depreciation 1,141 1,072
Net amortization of AFS securities 181 543
Net gain on sale of mortgage loans (48) (77)
Increase in the cash surrender value of BOLI, net of expenses (874) (667)
Gains from redemption of BOLI policies (137) 0
Share-based payment awards 219 222
Origination of loans HFS (2,028) (3,018)
Proceeds from loan sales 2,089 3,282
Net changes in:    
Other assets (212) 1,781
Other liabilities (381) 1,513
Net cash provided by operating activities 11,482 12,425
Investing activities    
Proceeds from maturities, calls and prepayments of AFS securities 121,763 47,819
Purchases of AFS securities (64,366) (51,000)
Net change in loans HFI (54,153) 27,053
Purchases of premises and equipment (945) (1,584)
Purchases of BOLI policies 0 (10,225)
Proceeds from redemption of BOLI policies 541 0
Proceeds from sale of FHLB stock 0 7,162
Proceeds from sales of foreclosed assets 396 118
Low income housing tax credit investments (40) (3,767)
Net cash provided by investing activities 3,196 15,576
Financing activities    
Net increase (decrease) in deposits (9,741) 102,316
Net increase (decrease) in short-term borrowings 48,012 (10,359)
Net (decrease) in FHLB advances (45,000) (30,000)
Cash dividends paid on common stock (4,038) (4,055)
Proceeds from issuance of common stock 12,448 759
Common stock repurchased (626) (2,650)
Net cash provided by financing activities 1,055 56,011
Increase (decrease) in cash and cash equivalents 15,733 84,012
Cash and cash equivalents at beginning of period 26,041 24,542
Cash and cash equivalents at end of period 41,774 108,554
Supplemental cash flows information    
Interest paid 16,595 16,335
Federal income taxes paid 3,810 400
Supplemental noncash information    
Transfers of loans to foreclosed assets 98 293
Transfers of foreclosed assets to premises and equipment $ 90 $ 0