XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 14,220 $ 9,893
Reconciliation of net income to net cash provided by operating activities    
Provision (reversal) for credit losses (997) 1,508
Depreciation 1,601 1,555
Net amortization of AFS securities 771 1,017
Net gain on sale of mortgage loans (115) (138)
Increase in cash value of BOLI (1,125) (733)
Share-based payment awards 278 403
Origination of loans HFS (4,881) (6,168)
Proceeds from loan sales 4,501 5,802
Net changes in:    
Other assets (2,002) (895)
Other liabilities 3,039 270
Net cash provided by (used in) operating activities 15,290 12,514
Investing activities    
Proceeds from maturities, calls and prepayments of AFS securities 52,359 31,183
Purchases of AFS securities (62,148) 0
Net change in loans HFI (8,008) (77,151)
Purchases of premises and equipment (2,601) (1,590)
Purchases of BOLI policies (10,225) 0
Proceeds from sale of FHLB stock 7,162 0
Low income housing tax credit investments (3,767) (1,690)
Net cash provided by (used in) investing activities (27,228) (49,248)
Financing activities    
Net increase (decrease) in deposits 178,542 58,137
Net increase (decrease) in short-term borrowings 8,455 5,633
Net increase (decrease) in FHLB advances (30,000) (25,000)
Cash dividends paid on common stock (6,072) (6,110)
Proceeds from issuance of common stock 1,031 1,190
Common stock repurchased (3,259) (2,419)
Common stock purchased for deferred compensation obligations 0 (991)
Net cash provided by (used in) financing activities 148,697 30,440
Increase (decrease) in cash and cash equivalents 136,759 (6,294)
Cash and cash equivalents at beginning of period 24,542 33,672
Cash and cash equivalents at end of period 161,301 27,378
Supplemental cash flows information    
Interest paid 24,769 25,203
Income taxes paid 1,900 1,800
Supplemental noncash information    
Transfers of loans to foreclosed assets $ 925 $ 350