v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 10,713 $ 10,106
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,481 1,142
Depreciation 3,724 3,960
Net amortization of investment securities premiums and discounts 544 526
Amortization of mortgage servicing rights 1,668 1,342
Amortization of right-of-use assets 297 359
Amortization of core deposit intangibles 759 906
Compensation expense related to restricted stock awards 579 526
ESOP compensation expense for allocated shares 399 299
Net gain on sale of loans (5,922) (5,661)
Originations of loans held-for-sale (219,223) (163,165)
Proceeds from sales of loans held-for-sale 218,328 170,733
Net loss on sale and write-downs of real estate owned and other repossessed assets 39 10
Net gain on insurance proceeds related to premises and equipment (581) 0
Net gain on sale/disposal of premises and equipment (53) 0
Net appreciation in cash surrender value of life insurance (1,190) (1,074)
Net change in:    
Accrued interest and dividends receivable (2,301) (4,013)
Other assets (2,622) 1,026
Accrued expenses and other liabilities (4,049) (4,434)
Net cash provided by operating activities 3,590 12,588
CASH FLOWS FROM INVESTING ACTIVITIES:    
Maturities, principal payments and calls 12,790 22,357
Purchases (15,186) (3,023)
FHLB stock (purchased) redeemed (9,447) 2,578
Loan origination and principal collection, net (198,616) (37,298)
Purchase of bank owned life insurance (5,500) 0
Insurance proceeds related to premises and equipment 581 0
Proceeds from sale of premises and equipment 29 0
Purchases of premises and equipment, net (2,098) (3,848)
Net cash used in investing activities (217,447) (19,234)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 20,503 70,951
Net short-term advances on FHLB and other borrowings 163,654 21,987
Advances on long-term FHLB and other borrowings 20,000 20,000
Payments on long-term FHLB and other borrowings (24,917) (103,750)
Purchase of treasury stock 0 (1,163)
Dividends paid (3,486) (3,423)
Net cash provided by financing activities 175,754 4,602
NET DECREASE IN CASH AND CASH EQUIVALENTS (38,103) (2,044)
CASH AND CASH EQUIVALENTS, beginning of period 62,962 31,559
CASH AND CASH EQUIVALENTS, end of period 24,859 29,515
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid during the period for interest 25,183 30,579
Cash paid during the period for income taxes, net of refunds 3,817 1,687
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
(Decrease) increase in fair value of securities available-for-sale (10,697) 7,306
Mortgage servicing rights recognized 1,457 1,097
Right-of-use assets obtained in exchange for lease liabilities 0 3
Loans transferred to real estate and other assets acquired in foreclosure 2 91
Decrease in commitments to invest in Low-Income Housing Tax Credit projects 0 (31)
Premises and equipment acquired through non-cash trade-in $ 36 $ 0