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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net income $ 4,810 $ 4,204
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation 126 112
Right of use asset amortization 259 304
Provision for (recovery of) credit losses 170 (776)
Share-based compensation expense 118 132
Net accretion of securities (49) (73)
Fair value adjustment on equity securities (24) (124)
Amortization of debt issuance costs 21 21
Net gains on premises and equipment 3  
Deferred tax benefit (342) (14)
Gain on sale of government guaranteed loans (36) (133)
Changes in assets and liabilities:    
Decrease (increase) in accrued interest receivable 94 (300)
Decrease (increase) in other assets 505 (322)
Decrease in accrued interest payable (322) (1,610)
Increase (decrease) in other liabilities 1,626 (1,246)
Net cash provided by operating activities 6,959 175
Cash Flows from Investing Activities    
Net decrease in loans 1,355 32,424
Proceeds from sale of government guaranteed loans originally classified as held for investment 383 1,746
Purchase of available-for-sale securities (3,643)  
Proceeds from maturities, calls and principal repayments of available-for-sale securities 11,275 10,846
Proceeds from maturities, calls and principal repayments of held-to-maturity securities 809 797
Net redemptions of restricted securities   50
Net purchases of equity securities (32) (44)
Proceeds from sale of premises and equipment 48  
Purchases of bank premises and equipment (342) (75)
Net cash provided by investing activities 9,853 45,744
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 29,760 (5,610)
Proceeds from Federal Reserve Bank borrowings   23,000
Repayment of federal funds purchased   (10,000)
Issuance of common stock for share options exercised 79 705
Repurchase of shares for tax withholding on share-based compensation (14) (3)
Repurchase of common stock (46)  
Net cash provided by financing activities 29,779 8,092
Net increase in cash and cash equivalents 46,591 54,011
Cash and cash equivalents, beginning of period 122,469 99,005
Cash and cash equivalents, end of period 169,060 153,016
Supplemental Disclosures of Cash Flow Information    
Interest 13,509 16,764
Supplemental Disclosures of Noncash Transactions    
Unrealized gain (loss) on securities available-for-sale $ 1,777 $ (481)