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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 $ 25,938 $ 22,787 $ 32,515
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation 3,774 3,383 2,739
Amortization of premiums on available-for-sale securities, net 1,087 1,500 2,090
Capitalized additions to servicing rights (826) (2,710) (537)
Servicing rights amortization and impairment 818 611 145
Amortization of core deposit intangible 1,657 1,657 1,011
Amortization of customer list intangible 123 123 123
Net accretion of fair value adjustments (2,672) (3,569) (4,531)
Amortization of subordinated note issuance costs 116 116 115
Stock-based compensation expense 1,361 1,281 899
Director stock awards 188 180 120
Deferred income taxes 307 2,228 171
Provision for (recovery of) credit losses - loans 944 1,698 4,600
Provision for (recovery of) credit losses - off balance sheet credit exposures (671) 46 0
Gain on sale of loans held for sale (859) (699) (1,353)
Originations of loans held for sale (53,650) (36,399) (69,410)
Proceeds from sale of loans held for sale 52,157 36,349 77,650
Gain on derivatives (59) (40) 0
Gain (loss) on sale of other assets owned (71) 135 (259)
Loss on sales of available-for-sale securities 0 891  
Increase in cash surrender value of bank owned life insurance (965) (834) (691)
Change in other assets and other liabilities, net 3,777 (6,588) (4,728)
Net cash provided by operating activities 32,474 22,146 40,669
Activity in available-for-sale securities:      
Maturities, prepayments and calls 34,759 24,021 31,064
Sales 0 21,963 0
Purchases (99,127) (4,392) (38,377)
Activity in other securities, at cost:      
Purchases (1,789) (9,004) (1,615)
Change in interest-bearing time deposits 258 1,702 6,471
Proceeds from redemption of FHLB stock 2,146 1,665 1,249
Proceeds from sales of other assets owned 92 219 440
Additions to premises and equipment (1,871) (10,929) (2,600)
Loan originations and principal collections, net 21,170 (219,333) (395,610)
Net cash used in investing activities (44,362) (194,088) (389,904)
Cash Flows from Financing Activities      
Net change in deposits 79,302 138,939 165,861
Net change in federal funds purchased and securities sold under agreements to repurchase (1,000) (25,988) 24,938
Proceeds of FHLB advances 15,000 324,000 140,000
Repayment of FHLB advances (34,678) (185,664) (37,394)
Proceeds (Repayment) of other borrowings 0 (10,000) (30,000)
Purchase of treasury stock (664) (218) (308)
Cash dividends paid on common stock (11,922) (11,335) (10,276)
Net cash provided by financing activities 46,038 229,734 252,821
Net Increase (Decrease) in Cash and Cash Equivalents 34,150 57,792 (96,414)
Cash and Cash Equivalents - Beginning of Year 142,201 84,409 180,823
Cash and Cash Equivalents - End of Year 176,351 142,201 84,409
Supplemental cash flow information:      
Interest paid 76,498 55,119 13,748
Income taxes paid 3,100 5,421 7,702
Supplemental noncash disclosures:      
Transfer of loans from loans held for sale 932 0 0
Cash dividends declared not paid 2,996 2,974 2,832
Treasury stock repurchased (664) (218) (308)
Peoples Federal Savings And Loan [Member]      
Activity in other securities, at cost:      
Acquisition, net of cash received 0 0 9,074
Supplemental noncash disclosures:      
Fair value of assets acquired 0 0 141,818
Less: common stock issued 0 0 13,446
Treasury stock repurchased 0 0 (3)
Cash paid for the capital stock 0 0 9,806
Liabilities assumed $ 0 $ 0 $ 118,569