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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income $ 24,222 $ 19,763
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 1,644 1,657
Change in deferred taxes 31 111
Credit loss expense (reduction) 1,578 (639)
Loans originated for resale (7,435) (3,146)
Proceeds from sales and transfers of loans 7,264 3,231
Net gain on sales of loans (162) (85)
Net amortization of premiums on investments 414 444
Net gain on sale of other real estate owned (33) 0
Provision for losses on other real estate owned 0 35
Equity compensation expense 764 680
Net increase in other assets and accrued interest (6,870) (6,297)
Net increase (decrease) in other liabilities 81 (1,649)
Net (gain) loss on disposal of premises and equipment (10) 9
Amortization of investment in limited partnership 940 504
Net acquisition amortization 20 20
     Net cash provided by operating activities 22,448 14,638
Cash flows from investing activities    
Decrease (increase) in interest-bearing deposits in other banks 14,875 (13,711)
Proceeds from maturities, payments and calls of securities available for sale 26,491 20,982
Proceeds from maturities, payments, calls and sales of securities to be held to maturity 8,391 10,495
Proceeds from sales of other real estate owned 206 0
Purchases of securities available for sale (14,108) (17,762)
Purchases of securities to be held to maturity (1,250) (2,750)
Change in restricted equity securities 287 3,035
Net increase in loans (58,797) (178,096)
Capital expenditures (1,786) (496)
Proceeds from disposal of premises and equipment 22 0
     Net cash used by investing activities (25,669) (184,373)
Cash flows from financing activities    
Net increase in demand, savings, and money market accounts 55,583 47,977
Net (decrease) increase in certificates of deposit (43,284) 55,079
Net increase (decrease) in short-term borrowings 6,190 (13,625)
Advances on long-term borrowings 500 95,000
Payment to repurchase common stock (284) (212)
Proceeds from sale of common stock 680 638
Dividends paid (12,194) (11,928)
Net cash provided by financing activities 7,191 172,929
Net increase in cash and cash equivalents 3,970 3,194
Cash and cash equivalents at beginning of period 27,636 31,942
     Cash and cash equivalents at end of period 31,606 35,136
Interest paid 63,391 63,260
Income taxes paid 3,710 3,577
Non-cash transactions    
Change in net unrealized loss on available for sale securities, net of tax (9,148) (5,181)
Net transfer from loans to other real estate owned $ 0 $ 208