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 $ 14,268 $ 8,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Recovery of credit losses (105) (157)
Net accretion of certain acquisition-related adjustments (819) (1,038)
Amortization of intangible assets 483 579
Net amortization of securities 374 398
Net gains on sale of assets (5) (278)
Net gain on sale of other assets (81) 0
Gain on sale of limited partnership investment (4,662) 0
Earnings on bank owned life insurance (651) (600)
Depreciation and other amortization 1,097 1,553
Stock option expense 27 69
Restricted stock expense 506 426
Net change in:    
Accrued interest receivable and other assets (124) (527)
Accrued interest payable and other liabilities 440 (322)
Net cash provided by operating activities 10,748 8,830
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net increase in restricted investments (23) (1,927)
Proceeds from maturities, calls, sales and principal payments of available for sale securities 11,873 14,519
Proceeds from sale of limited partnership investment 6,325 0
Proceeds from sale of other asset 81 0
Net change in loans 4,399 (5,328)
Proceeds from sale of premises and equipment 64 3,047
Purchase of bank premises and equipment (298) (285)
Net cash provided by investing activities 22,421 10,026
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in demand deposits, money market and savings accounts (12,058) (7,476)
Net change in certificates of deposit and other time deposits (10,477) (27,005)
Net change in Federal funds purchased 0 (236)
Net change in other borrowings 0 41,000
Cash dividends paid (3,901) (3,720)
Net cash (used in) provided by financing activities (26,436) 2,563
NET INCREASE IN CASH AND CASH EQUIVALENTS 6,733 21,419
CASH AND CASH EQUIVALENTS:    
Beginning of period 70,614 17,103
End of period 77,347 38,522
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 11,816 13,503
Taxes 2,440 2,090
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Unrealized (losses) gains on available for sale securities (475) 6,289
Initial right-of-use assets obtained in exchange for new operating lease liabilities $ 0 $ 2,338