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 $ 2,343 $ 2,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 813 836
Reduction of credit losses (14) (5)
Amortization of intangible asset 31 31
(Accretion) amortization of available for sale securities (592) (864)
Amortization (accretion) of held to maturity securities 155 194
Gain on sale of bank premises and equipment (41)  
Increase in cash surrender value of life insurance (259) (242)
Change in accrued interest receivable 76 121
Change in deferred tax (104) 81
Change in other assets (252) (64)
Change in employee and director benefit plan liabilities and other liabilities (172) (591)
Net cash provided by operating activities 1,984 2,049
Cash flows from investing activities:    
Proceeds from maturities of available for sale securities 64,071 92,004
Purchases of available for sale securities (98,412) (113,085)
Proceeds from maturities of held to maturity securities 8,914 22,106
Purchases of Federal Home Loan Bank stock (771) (137)
Loans, net change (13,295) (14,741)
Acquisition of bank premises and equipment (412) (233)
Proceeds from sale of bank premises and equipment 225  
Investment in cash surrender value of life insurance (47) (78)
Net cash (used) by investing activities (39,727) (14,164)
Cash flows from financing activities:    
Demand and savings deposits, net change 6,588 (66,148)
Time deposits, net change (1,241) (10,271)
Borrowings from Federal Home Loan Bank 704,450 49,900
Repayments to Federal Home Loan Bank (666,750) (49,900)
Cash dividends (831) (831)
Net cash provided by financing activities 42,216 (77,250)
Net increase (decrease) in cash and cash equivalents 4,473 (89,365)
Cash and cash equivalents, beginning of period 19,581 107,744
Cash and cash equivalents, end of period $ 24,054 $ 18,379