v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 4,718,000 $ 2,131,000
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Net amortization of securities available for sale (698,000) (276,000)
(Gain) loss on securities available for sale, net (203,000) 20,000
(Gain) loss on marketable equity securities, net (189,000) 50,000
Loss on sales of portfolio loans 776,000 827,000
Provision for credit losses 2,500,000 3,900,000
Mortgage servicing rights capitalized (3,807,000) (2,663,000)
Amortization of mortgage servicing rights 2,855,000 1,590,000
Increase in valuation allowance of mortgage servicing rights 300,000  
Depreciation and amortization of premises and equipment and intangible assets 2,272,000 2,335,000
Bank-owned life insurance income (1,320,000) (1,006,000)
Losses from equity method investments 12,000 12,000
Deferred tax benefit (700,000) (167,000)
Net change in:    
Loans held for sale 1,226,000 (8,499,000)
Accrued interest receivable 105,000 (172,000)
Other assets and other liabilities 3,278,000 1,871,000
Net cash provided (used) by operating activities 11,125,000 (47,000)
Securities available for sale:    
Proceeds from sales 26,905,000 10,914,000
Proceeds from calls/maturities and principal payment 33,564,000 13,974,000
Purchases (80,449,000) (50,330,000)
Purchase of FHLB stock (18,112,000) (592,000)
Redemption of FHLB stock 18,816,000 3,045,000
Purchase of bank-owned life insurance (1,064,000) (1,242,000)
Proceeds from sales of portfolio loans 81,008,000 54,206,000
Loan originations, net of amortization and payoffs (67,776,000) (52,851,000)
Additions to premises and equipment (2,173,000) (1,773,000)
Proceeds from the disposal of premises and equipment 59,000 22,000
Net change in equity method investments (255,000) (224,000)
Net cash used by investing activities (9,477,000) (24,851,000)
Cash flows from financing activities:    
Net change in non-brokered deposits 25,154,000 130,240,000
Net change in brokered deposits   (22,852,000)
Net change in short term borrowings (12,573,000) (39,000)
Repayment of long-term debt   (80,000,000)
Proceeds from long-term debt   20,000,000
Net cash provided by financing activities 12,581,000 47,349,000
Net change in cash and cash equivalents 14,229,000 22,451,000
Cash and cash equivalents at beginning of year 38,519,000 75,957,000
Cash and cash equivalents at end of year 52,748,000 98,408,000
Supplemental cash flow information:    
Interest paid on deposits 22,597,000 26,025,000
Interest paid on borrowings and subordinated debt 5,255,000 9,385,000
Income taxes paid, net 1,325,000 1,383,000
Non-cash activities    
Right of use assets obtained in exchange for lease liabilities $ 179,000 $ 2,000