v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 4,532 $ 1,626
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
(Recovery) provision for credit losses (77) 3,036
Depreciation and amortization expense 1,118 1,053
Amortization expense of core deposit intangible 9 11
Amortization of fair value adjustment on acquired time deposits   (1)
Net accretion of investment securities (172) (25)
Net accretion of deferred loan fees (123) (84)
Net gains on loans held for sale (49) (56)
Origination of mortgage loans held for sale (4,393) (3,201)
Sales of mortgage loans held for sale 3,923 3,557
Increase in accrued interest receivable (424) (252)
(Decrease) increase in accrued interest payable (929) 669
Earnings on bank owned life insurance (600) (508)
Deferred income taxes 618 234
Common stock issued 707  
Net change in trading securities (1,335) (4,205)
Net change in operating leases (94) (88)
Other, net (3,470) (1,229)
Net cash (used in) provided by operating activities (759) 537
INVESTING ACTIVITIES    
Purchase of investment securities - available for sale (49,243) (25,856)
Purchase of investment securities - held to maturity (17,701) (5,958)
Proceeds from maturities of investment securities - available for sale 19,444 14,885
Proceeds from maturities of investment securities - held to maturity 4,373 2,283
Purchase of regulatory stock (1,111) (5,631)
Proceeds from redemption of regulatory stock 1,254 6,084
Net decrease (increase) in loans 17,599 (4,047)
Purchase of premises and equipment (867) (141)
Proceeds from sale of other real estate owned and repossessed assets 33 1,414
Proceeds from life insurance policies 442 351
Net cash used in investing activities (25,777) (16,616)
FINANCING ACTIVITIES    
Net increase in deposit balances 13,199 43,539
Net decrease in other short-term borrowings   (11,954)
Principal borrowings on advances from Federal Home Loan Bank   1,408
Principal repayments on advances from Federal Home Loan Bank (8,420) (8,543)
Principal payments on financing lease liabilities (98) (93)
Stock options exercised 27  
Common stock dividend paid (1,018) (991)
Net cash provided by financing activities 3,690 23,366
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (22,846) 7,287
CASH AND CASH EQUIVALENTS AT JANUARY 1 50,891 17,746
CASH AND CASH EQUIVALENTS AT JUNE 30 $ 28,045 $ 25,033