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 $ 9,728 $ 10,126
Adjustments to reconcile net income to net cash provided by operating activities:    
Net amortization expense 462 266
Decrease in interest receivable 318 374
(Decrease) in interest payable (219) (491)
(Release) provision for credit losses (484) 612
Losses on the sale of debt securities, net 307
(Gains) on equity securities, net (47) (22)
Gains on sale of mortgages (948) (830)
Loans originated for sale (22,158) (23,585)
Proceeds from sales of loans 23,656 26,129
Earnings on bank-owned life insurance (708) (553)
Depreciation of premises and equipment and amortization of software 1,366 1,045
Deferred income tax 1,444 336
Amortization of deferred fees on subordinated debt 122 80
Stock-based compensation expense 14 33
Other assets and other liabilities, net (2,484) (3,455)
Net cash provided by operating activities 10,062 10,372
Securities available for sale:    
Proceeds from maturities, calls, and repayments 25,492 36,322
Proceeds from sales 17,843 12,246
Purchases (4,009) (19,993)
Equity securities:    
Proceeds from sales 201 128
Purchases (201) (222)
Purchase of regulatory bank stock (1,306) (535)
Redemptions of regulatory bank stock 1,702 354
Proceeds from bank-owned life insurance 1,649
Net (increase) in loans (8,834) (36,230)
Purchases of premises and equipment, net (1,702) (2,498)
Net cash paid for acquisition (968)
Purchase of computer software (77) (80)
Net cash provided by (used in) investing activities 29,790 (10,508)
Cash flows from financing activities:    
Net increase in demand, and savings accounts 30,678 728
Net (decrease) increase in time deposits (73,576) 5,355
Net proceeds from short-term borrowings 16,000
Repayments of long-term debt (14,831) (8,000)
Repayment of subordinated debt (20,000)
Dividends paid (2,051) (2,038)
Proceeds from sale of treasury stock 500 451
Net cash used for financing activities (63,280) (3,504)
Decrease in cash and cash equivalents (23,428) (3,640)
Cash and cash equivalents at beginning of period 60,573 68,909
Cash and cash equivalents at end of period 37,145 65,269
Supplemental disclosures of cash flow information:    
Interest paid 18,054 19,280
Income taxes paid 1,450 2,420
Supplemental disclosure of non-cash investing and financing activities:    
Fair value adjustments for securities available for sale (179) 4,763
Real estate owned acquired in settlement of loans 748
Noncash transactions related to merger:    
Assets acquired, excluding cash 181,320
Liabilities assumed $ 187,064