v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 4,006,000 $ 3,786,000
Items not requiring (providing) cash    
Depreciation and amortization 822,000 576,000
Amortization of intangible asset   75,000
Premium amortization on securities 194,000 213,000
Provision for Credit Loss Expense 156,000 302,000
Gain on sale of loans (329,000) (225,000)
(Gain) loss on sale of available-for-sale securities   (144,000)
Expense related to share based compensation programs 199,000 177,000
Increase in value of bank-owned life insurance (708,000) (202,000)
Originations of loans held for sale (13,257,000) (7,255,000)
Proceeds from sale of loans held for sale 12,820,000 7,480,000
Amortization of debt instrument costs 30,000 30,000
Net change in accrued interest receivable and other assets (1,912,000) (448,000)
Net change in accrued expenses and other liabilities (719,000) 480,000
Net cash provided by operating activities 1,302,000 4,845,000
Investing Activities    
Purchase of available-for-sale securities (11,236,000)  
Sales of available-for-sale securities 0 7,724,000
Maturities of available-for-sale securities 110,000 10,000
Net change in loans (3,111,000) (9,723,000)
Purchase of bank-owned life insurance (6,917,000)  
Purchase of Federal Home Loan Bank Stock   (4,000)
Proceeds from sales of foreclosed assets and fixed assets 299,000 50,000
Redemption of Federal Home Loan Bank Stock 743,000  
Purchases of premises and equipment, net (3,220,000) (3,975,000)
Net cash used in investing activities (23,332,000) (5,918,000)
Financing Activities    
Net change in deposits 45,579,000 29,451,000
Net change in securities sold under repurchase agreements (15,000) 5,106,000
Net change in Federal Home Loan Bank advances (20,000,000)  
Finance lease principal payment (4,000) (40,000)
Repurchase of common stock (716,000) (129,000)
Cash dividends paid (3,358,000) (3,237,000)
Net cash provided by financing activities 21,486,000 31,151,000
Increase (Decrease) in Cash and Cash Equivalents (544,000) 30,078,000
Cash and Cash Equivalents, Beginning of Period 46,528,000 19,608,000
Cash and Cash Equivalents, End of Period 45,984,000 49,686,000
Supplemental Cash Flows Information    
Interest paid on deposits and borrowings $ 7,084,000 $ 13,450,000