v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Statement of Cash Flows [Abstract]    
Net income $ 13,020,000 $ 14,650,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of investment securities available-for-sale 0 (48,000)
Net amortization of investment premiums and discounts and change in fair value of equity securities 640,000 1,630,000
Depreciation and amortization (accretion), net 225,000 (87,000)
Provision for credit losses 11,591,000 11,865,000
Amortization of issuance costs on subordinated debt 94,000 93,000
Stock based compensation 206,000 276,000
Net change in fair value of derivative instruments 129,000 (176,000)
Net change in fair value of loans held for sale 119,000 (198,000)
Net change in fair value of loans held for investment 929,000 (573,000)
Amortization and net impairment of servicing rights 467,000 450,000
Net loss (gain) on sale of MSRs 159,000 (415,000)
Gain on sale of OREO (218,000) (15,000)
Write-down of OREO 508,000 0
SBA loan income (453,000) (4,167,000)
Proceeds from sale of loans 620,724,000 584,846,000
Loans originated for sale (613,828,000) (565,183,000)
Mortgage banking income (15,329,000) (15,069,000)
Increase in accrued interest receivable (1,112,000) (986,000)
(Increase) decrease in other assets (1,162,000) 4,700,000
Earnings from investment in bank owned life insurance (809,000) (708,000)
Increase in deferred income tax (332,000) (977,000)
(Decrease) increase in accrued interest payable (1,865,000) 235,000
(Decrease) increase in other liabilities 798,000 333,000
Net cash provided by operating activities 14,501,000 30,476,000
Activity in available-for-sale securities:    
Maturities, repayments and calls 19,185,000 12,223,000
Sales 0 2,462,000
Purchases (38,310,000) (33,224,000)
Activity in held-to-maturity securities:    
Maturities, repayments and calls 0 1,000,000
Proceeds from sale of OREO 938,000 15,000
Proceeds from sale of MSRs 0 502,000
Proceeds from sale of loans held for investment 20,152,000 76,973,000
Net redemptions (purchases) of restricted investments in bank stocks 682,000 (597,000)
Net increase in loans (25,876,000) (213,861,000)
Purchases of premises and equipment (851,000) (1,338,000)
Disposal of premise and equipment 0 23,000
Net cash used in investing activities (24,080,000) (155,822,000)
Cash flows from financing activities:    
Net increase in deposits 8,754,000 125,748,000
Increase (decrease) in short-term borrowings 8,475,000 28,039,000
Decrease in long-term debt (10,594,000) (15,245,000)
Repayment of subordinated debt (211,000) (13,000)
Dividends paid (4,995,000) (4,235,000)
Stock based awards and exercises 949,000 789,000
Proceeds from issuance of common stock 0 2,790,000
Net cash provided by financing activities 2,378,000 137,873,000
Net change in cash and cash equivalents (7,201,000) 12,527,000
Cash and cash equivalents at beginning of period 35,778,000 27,462,000
Cash and cash equivalents at end of period 28,577,000 39,989,000
Cash paid during the period for:    
Interest 55,381,000 59,202,000
Federal 7,240,000 5,650,000
State 520,000 649,000
Total Income taxes paid 7,760,000 6,299,000
Net loans sold, not settled 677,000 1,264,000
Non-cash transfers from long-term borrowings to short-term borrowings 10,594,000 0
Non-cash transfers from loans receivable to OREO 0 1,297,000
Non-cash transfers from loans receivable to repossessed assets $ 20,000 $ 2,417,000