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 $ 7,128 $ 5,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 539 537
Right of use asset amortization 202 197
Provision for (recovery of) credit losses (486) 535
Gain on sale of securities available for sale (186)  
Gain on Visa stock exchange (827)  
Gain on sale of mortgage loans (1,114) (980)
Gain on sale of OREO   (83)
Realized/unrealized (gain) loss on equity securities (18) 9
Net amortization of premium on investment securities available for sale 758 896
Net amortization of premium on investment securities held to maturity 68 60
Amortization of loan servicing assets 643 601
Originations and purchases of mortgage loans for sale (91,424) (84,680)
Proceeds from sales of mortgage loans for sale 93,737 81,074
Mortgage banking derivatives (31) (111)
Loan servicing assets (588) (526)
Accrued interest receivable 75 55
Prepaid assets (271) (70)
Cash surrender value of life insurance (68) (70)
Miscellaneous other assets (363) (621)
Deferred income taxes 129  
Accrued interest payable 22 (37)
Miscellaneous other liabilities 736 1,184
Net cash provided by operating activities 8,661 3,347
Cash flows from investing activities    
Proceeds from sales of investment securities available for sale 29,817  
Proceeds from sales of equity securities 270  
Proceeds from maturities, calls and paydowns of securities available for sale 16,513 23,609
Proceeds from maturities, calls and paydowns of securtiies held to maturity   3,000
Purchase of investment securities available for sale (49,655) (28,333)
Purchase of investments in other assets (266) (57)
Purchases of restricted stock (46) (40)
Net increase in loans (2,616) (11,408)
Purchase of premises and equipment (2,738) (270)
Proceeds from sale of OREO   189
Net cash used by investing activities (8,721) (13,310)
Cash flows from financing activities    
Net increase in deposit accounts 18,285 32,128
Net increase (decrease) in federal funds purchased and other short-term borrowings 203 (282)
Proceeds from long-term borrowings 1,000  
Repurchase of common stock, net (765) (596)
Dividends paid on preferred stock (noncontrolling interest) (280) (280)
Net cash provided by financing activities 18,443 30,970
Increase in cash and cash equivalents 18,383 21,007
Cash and cash equivalents, beginning of period 73,329 52,267
Cash and cash equivalents, end of period 91,712 73,274
Supplemental disclosures of cash flow information    
Interest paid 9,452 9,301
Income taxes paid 1,862 1,771
Supplemental schedule of non-cash activities    
Net change in fair value of securities available for sale, net of tax $ (576) 3,224
Loans transferred to foreclosed real estate   $ 106