XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,410 $ 11,419
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 2,590 1,519
Net amortization of securities 710 862
Increase in cash surrender value of life insurance (923) (914)
Depreciation and amortization of bank premises and equipment 1,115 1,054
Net accretion of purchase accounting adjustments (60) (128)
Stock-based compensation 656 716
Deferred income taxes 36 (156)
Decrease in fair value of servicing rights 101 43
Net gains from sale of loans (517) (426)
Origination of loans held for sale (17,775) (13,829)
Proceeds from sales of loans held for sale 16,713 13,033
Increase in accrued interest receivable and other assets (88) (300)
(Decrease) increase in accrued interest payable and other liabilities (4,947) 1,363
Other 75 106
Net Cash Provided by Operating Activities 10,096 14,362
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from maturities of certificates of deposit 250 250
Proceeds from calls and maturities of available-for-sale debt securities 20,897 18,174
Purchase of available-for-sale debt securities (17,501) (8,012)
Redemption of Federal Home Loan Bank of Pittsburgh stock 946 5,241
Purchase of Federal Home Loan Bank of Pittsburgh stock (320) (6,491)
Purchase of Federal Reserve Bank stock (22) (24)
Net increase in loans (24,008) (45,120)
Purchase of premises and equipment (1,027) (1,404)
Proceeds from sale of foreclosed assets 58 293
Other 18 28
Net Cash Used in Investing Activities (20,709) (37,065)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 15,867 44,507
Net decrease in short-term borrowings (1,955) (17,000)
Proceeds from long-term borrowings - FHLB advances 0 59,386
Repayments of long-term borrowings - FHLB advances (21,557) (12,055)
Purchases of treasury stock (208) (595)
Common dividends paid (7,839) (7,756)
Net Cash (Used in) Provided by Financing Activities (15,692) 66,487
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (26,305) 43,784
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 123,574 52,778
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 97,269 $ 96,562