v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net Income $ 5,081 $ 3,005
Adjustments to reconcile net income to net cash flows from operating activities:    
(Benefit from) provision for credit losses (323) 1,654
Proceeds from sales of loans held-for-sale 8,680 5,573
Originations of loans held-for-sale (8,399) (8,586)
Realized (gains) losses on sales, redemptions and calls of:    
Loans (281) (148)
Available-for-sale investment securities 0 4
Held-to-maturity investment securities 5 4
Marketable securities (23) (638)
Depreciation 752 823
Amortization of mortgage servicing rights 12 (4)
Amortization of deferred loan fees and costs 46 36
Amortization of operating and finance leases, net 214 215
Amortization of deferred financing fees from subordinated debt 0 99
Earnings on bank owned life insurance (586) (318)
Net amortization of premiums and discounts on investment securities (349) (93)
Net amortization of premiums on intangible assets 286 144
Stock based compensation expense 538 460
Net change in accrued interest receivable (183) (8)
Net change in other assets and liabilities (3,365) (262)
Net cash inflows from operating activities 2,105 1,960
INVESTING ACTIVITIES    
Purchase of available-for-sale securities (138,682) (54,842)
Purchase of held-to-maturity securities 0 (16,858)
Purchase of marketable securities (156) (167)
Purchase of Federal Home Loan Bank stock (7,637) (7,520)
Proceeds from redemption of Federal Home Loan Bank stock 3,262 6,832
Proceeds from maturities and principal reductions of available-for-sale securities 46,725 22,555
Proceeds from maturities and principal reductions of held-to-maturity securities 15,041 15,014
Proceeds from sales, redemptions and calls of:    
Available-for-sale securities 0 3,194
Held-to-maturity securities 3,830 2,516
Net change in loans 5,656 3,124
Purchase of premises and equipment (413) (861)
Net cash outflows from investing activities (72,374) (27,013)
FINANCING ACTIVITIES    
Net change in demand deposits, NOW accounts, savings accounts, money management deposit accounts, MMDA accounts and escrow deposits 41,040 32,135
Net change in time deposits (29,685) 2,790
Net change in brokered deposits (20,934) (17,562)
Net change in short-term borrowings 81,000 14,500
Payments on long-term borrowings (5,700) (14,155)
Proceeds fom long-term borrowings 0 8,064
Proceeds from exercise of stock options 697 436
Cash dividends paid to common voting shareholders (968) (950)
Cash dividends paid to common non-voting shareholders (276) (277)
Cash dividends paid on warrants (25) (25)
Net cash inflows from financing activities 65,149 24,956
Change in cash and cash equivalents (5,120) (97)
Cash and cash equivalents at beginning of period 31,170 31,572
Cash and cash equivalents at end of period 26,050 31,475
CASH PAID DURING THE PERIOD FOR:    
Interest 14,649 16,131
Income taxes 750 500
NON-CASH INVESTING ACTIVITY    
Fair value adjustment to loans held for sale (203) 0
Transfer of loans to loans held-for-sale $ 0 $ 3,161