v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 9,098,000 $ 7,016,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Amortization of premiums and accretion of discounts on securities, net 206,000 410,000
Depreciation and amortization expense 569,000 561,000
Deferred income taxes (1,193,000) 7,000
Stock compensation expense 35,000 77,000
Increase in cash value of life insurance (108,000) (121,000)
Gain on life insurance   (46,000)
Loss on sale of securities 92,000 55,000
Provision for credit losses 775,000 644,000
Proceeds from sales of loans 16,351,000 11,765,000
Loans originated for sale (15,929,000) (12,645,000)
Gain on sale of loans (284,000) (241,000)
Amortization of tax credit investment 748,000 1,343,000
Unrealized (gain) loss on equity securities (270,000) 23,000
(Gain) loss on disposal of premises and equipment (39,000) 58,000
Decrease (increase) in accrued interest receivable 43,000 (67,000)
(Decrease) increase in accrued interest payable (253,000) 289,000
Net change in other assets/liabilities 751,000 (1,017,000)
Net Cash Provided By Operating Activities 10,592,000 8,111,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Net decrease in interest-bearing time deposits 245,000 490,000
Purchase of securities available for sale (73,826,000) (54,519,000)
Proceeds from maturities of securities available for sale 33,897,000 25,705,000
Proceeds from sales of securities available for sale 18,722,000 11,192,000
Principal collected on mortgage-backed obligations 28,188,000 15,386,000
Net increase in loans receivable (14,799,000) (18,619,000)
Investment in tax credit entities (845,000) (1,344,000)
Investment in technology fund (134,000) (60,000)
Proceeds from settlement of bank-owned life insurance policies   605,000
Proceeds from insurance claims 39,000  
Purchase of premises and equipment (1,193,000) (489,000)
Net Cash Used In Investing Activities (9,706,000) (21,653,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 13,741,000 44,188,000
Purchase of treasury stock (16,000) (9,000)
Dividends paid (2,087,000) (1,959,000)
Net Cash Provided By Financing Activities 11,638,000 42,220,000
Net Increase in Cash and Cash Equivalents 12,524,000 28,678,000
Cash and cash equivalents at beginning of period 137,288,000 105,917,000
Cash and Cash Equivalents at End of Period $ 149,812,000 $ 134,595,000