v3.26.1
Condensed 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 $ 4,091 $ 3,219
Adjustments to reconcile net income to net cash from operating activities:    
Amortization of net premiums on investments 42 42
(Release of) provision for credit losses (100) (33)
Depreciation and amortization 202 261
Share-based compensation 106 156
Fair value adjustment on mortgage servicing rights 21 179
Right of use assets amortization 503 505
Change in lease liabilities (536) (513)
Change in cash surrender value of BOLI (407) (423)
Net change in advances from borrowers for taxes and insurance (268) (346)
Net loss on disposal of assets, net 53 0
Net gain on sale of loans (212) (93)
Proceeds from sale of loans held-for-sale 13,463 5,621
Originations of loans held-for-sale (14,415) (8,314)
Net loss on OREO and repossessed assets 9 0
Change in operating assets and liabilities:    
Accrued interest receivable 24 (187)
Other assets 51 436
Accrued interest payable (40) (131)
Other liabilities (858) 979
Net cash provided by operating activities 1,729 1,358
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from principal payments, maturities and sales of available-for-sale securities 162 142
Proceeds from principal payments of held-to-maturity securities 16 17
Purchase of equity investments (5,000) 0
Net change in loans 13,454 (3,257)
FHLB stock redeemed (purchased) 390 (4)
Purchase of BOLI (321) 0
Purchases of premises and equipment, net (90) (62)
Proceeds from sale of OREO and other repossessed assets 349 0
Net cash provided by/(used in) investing activities 8,960 (3,164)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (decrease) increase in deposits (17,994) 61,660
Repayment of borrowings (10,000) 0
Dividends paid on common stock (1,078) (974)
Proceeds from common stock option exercises 3 21
Net cash (used in)/provided by financing activities (29,069) 60,707
Net change in cash and cash equivalents (18,380) 58,901
Cash and cash equivalents, beginning of period 138,453 43,641
Cash and cash equivalents, end of period 120,073 102,542
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes 397 762
Interest paid on deposits and borrowings 10,713 11,426
Noncash investing and financing activities:    
Loans transferred from loans held-for-sale to loans held-for-portfolio 0 1,200
Loans transferred from loans held-for-portfolio to OREO and repossessed assets 61 300
Cash paid for principal portion from finance leases 12 12
ROU assets obtained in exchange for new operating lease liabilities 66 583
ROU assets obtained in exchange for new finance lease liabilities 0 130
Derecognition of ROU asset 98 0
Derecognition of lease liability $ 98 $ 0