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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 26,727 $ 21,261 $ 23,640
Adjustments to reconcile net income to net cash from operating activities:      
Provision for (reversal of provision) credit losses 625 150 250
Depreciation 2,463 2,477 2,658
Amortization 9,870 9,953 10,684
Compensation expense on employee and director stock purchases, stock options, and restricted stock units 720 1,005 958
Net (gains) losses on sales of securities 0 71 809
Net change in market value of equity securities (195) 246 955
Gains on sales of loans and capitalized servicing rights (2,439) (1,954) (2,343)
Loans originated for sale (74,299) (56,085) (71,829)
Proceeds from loan sales 73,107 57,342 77,681
Earnings on bank-owned life insurance (1,234) (1,096) (1,038)
Earnings on death benefit from bank-owned life insurance (700) 0 (274)
(Gains) on sales of other real estate owned (46) (12) (41)
Proceeds from sales of other real estate owned 345 157 235
Deferred federal income tax (expense) benefit (271) (24) (15)
Net change in:      
Other assets (817) 5,395 (4,208)
Other liabilities 14,790 7,596 6,205
Net cash provided by operating activities 48,646 46,482 44,327
Cash flows from investing activities:      
Sales of securities available for sale 0 0 47,167
Sales of equity securities 0 887 0
Proceeds from Federal Home Loan Bank stock redemption 0 3,917 0
Maturities, prepayments and calls of securities available for sale 33,782 32,289 51,570
Maturities, prepayments and calls of securities held to maturity 25,988 16,572 8,091
Purchases of securities available for sale (2,479) (1,646) (55,053)
Purchases of securities held to maturity (14,279) (597) (7,505)
Purchases of equity securities (82) 0 (1,029)
Purchases of Federal Home Loan Bank stock (4,934) (4,849) 0
Purchase of Federal Reserve Bank stock (242) 0 0
Loan originations and payments, net (136,070) (221,245) (130,620)
Proceeds from bank owned life insurance death benefits claim 2,112   690
Additions to premises and equipment (1,706) (4,234) (1,164)
Proceeds from (payments for) derivative contracts, net 0 1,732 (1,953)
Payments for derivative contracts settlements 0 (4,191) 0
Net cash (used in)/provided by investing activities (97,910) (181,365) (89,806)
Cash flows from financing activities:      
Net change in deposits 92,047 4,052 65,709
Proceeds from borrowings 315,000 420,000 726,000
Payments on borrowings (340,000) (270,000) (726,000)
Issuance of common stock 674 231 172
Repurchase of common stock 0 0 (682)
Share based compensation withholding obligation (220) 0 (85)
Cash dividends (9,012) (7,910) (7,578)
Cash proceeds from common stock offering 32,093 0 0
Net cash provided by/(used in) financing activities 90,582 146,373 57,536
Net change in cash and cash equivalents 41,318 11,490 12,057
Beginning cash and cash equivalents 55,433 43,943 31,886
Ending cash and cash equivalents 96,751 55,433 43,943
Supplemental disclosures of cash flow information:      
Cash paid for interest 49,902 27,481 7,577
Cash paid for income taxes 6,350 4,450 1,989
Loans transferred to other real estate owned $ 650 $ 267 $ 0