v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,862 $ 6,324
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (credit) for credit losses 404 (131)
Amortization of deferred loan costs 219 176
Depreciation 554 528
Net accretion of investment security premiums and discounts (336) (599)
Stock compensation expense 366 326
Income on bank owned life insurance (704) (635)
Increase in accrued interest receivable (177) (504)
(Increase) decrease in other assets (255) 735
Increase (decrease) in accrued interest payable 191 (383)
Decrease in other liabilities (112) (878)
Net Cash Provided by Operating Activities 8,012 4,959
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of securities available for sale (39,295) (81,519)
Maturities, calls and principal repayments of securities available for sale 32,978 40,754
Net increase in loans (29,298) (13,817)
Net (purchase) redemption of restricted investment in bank stock (75) 612
Purchases of premises and equipment (418) (383)
Net Cash Used in Investing Activities (36,108) (54,353)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 53,439 57,248
Net (decrease) increase in securities sold under agreements to repurchase (2,133) 3,032
Decrease in short-term borrowings   (15,625)
Proceeds from Employee Stock Purchase Plan 46 34
Purchase of treasury stock under stock repurchase plan (3,174)  
Net Cash Provided by Financing Activities 48,178 44,689
Net Increase (Decrease) in Cash and Cash Equivalents 20,082 (4,705)
CASH AND CASH EQUIVALENTS - BEGINNING 112,859 96,522
CASH AND CASH EQUIVALENTS - ENDING 132,941 91,817
SUPPLEMENTARY CASH FLOWS INFORMATION    
Interest paid 14,015 14,800
Federal income taxes paid 2,050 1,350
Non-cash Investing and Financing Activities:    
Right of use assets obtained in exchange for new operating lease liabilities 2,531  
Dividend declared $ 4,072 $ 3,669