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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 11,790 $ 8,612
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 1,516 2,140
Depreciation 1,311 1,952
Stock based compensation 495 433
Gains on sales of other real estate owned   (126)
Write-downs of other real estate owned, net 27  
Originations of loans held for sale (3,172) (4,100)
Proceeds from sales of loans held for sale 4,106 4,237
Gains from sales of loans held for sale (238) (141)
Net accretion of investment securities discounts and premiums- AFS (94) (48)
Net accretion of investment securities discounts and premiums- HTM (271) (317)
Amortization of intangible assets 164 165
Earnings on bank owned life insurance (690) (660)
Amortization of deferred loan fees, net (78) (86)
Amortization of operating lease right of use asset 146 137
(Increase)/decrease in accrued interest receivable and other assets (4,370) 1,326
Deferred tax benefit (32) (81)
Amortization of operating lease liability (153) (144)
Decrease in accrued interest payable and other liabilities (2,497) (2,548)
Net cash provided by operating activities 7,960 10,751
Investing activities    
Proceeds from maturities/calls of investment securities - AFS 2,576 2,186
Proceeds from maturities/calls of investment securities - HTM 3,169 40,417
Purchases of investment securities - AFS (8,832)  
Purchases of investment securities - HTM (2,352)  
Purchases of equity securities with readily determinable fair market values (1,008)  
Proceeds from sales of other real estate owned   1,710
Net (increase)/decrease in restricted stock (47) 1,855
Net increase in loans (22,030) (18,094)
Purchases of premises and equipment (874) (181)
Net cash (used in)/provided by investing activities (29,398) 27,893
Financing activities    
Net increase/(decrease) in deposits 39,378 (13,906)
Issuance of common stock 150 144
Cash dividends paid on common stock (2,849) (2,657)
Net (decrease)/increase in short-term borrowings (14,455) 17,146
Stock repurchase   (4,032)
Payments of long-term borrowings   (40,000)
Net cash provided by/(used in) financing activities 22,224 (43,305)
Increase/(decrease) in cash and cash equivalents 786 (4,661)
Cash and cash equivalents at beginning of the year 78,327 49,753
Cash and cash equivalents at end of period 79,113 45,092
Supplemental information    
Interest paid 15,761 15,221
Taxes paid $ 3,668 923
Non-cash investing activities:    
Transfers from loans to other real estate owned   $ 69