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Consolidated Statements Of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,773,000 $ 4,433,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (release of) credit losses 857,000 (624,000)
Depreciation 316,000 335,000
Amortization of intangible assets 15,000 19,000
Deferred income taxes (1,342,000) 256,000
Net amortization of securities premiums and discounts (164,000) 71,000
Earnings and proceeds on life insurance policies (286,000) (268,000)
Net amortization of loan fees 179,000 143,000
Net gain on sale of loans (47,000) (6,000)
Mortgage loans originated for sale (2,085,000) (160,000)
Proceeds from sale of loans originated for sale 2,132,000 166,000
Compensation expense related to stock options 62,000 89,000
Compensation expense related to restricted stock 117,000 104,000
Increase in accrued interest receivable (121,000) (12,000)
Increase in accrued interest payable 1,249,000 1,227,000
Other, net 2,443,000 (1,522,000)
Net cash provided by operating activities 9,098,000 4,251,000
Securities available for sale:    
Proceeds from maturities and principal reductions on mortgage-backed securities 14,785,000 15,213,000
Purchases (19,901,000) (9,996,000)
Purchase of regulatory stock (5,398,000) (1,510,000)
Redemption of regulatory stock 11,148,000 2,283,000
Net increase in loans (51,521,000) (18,172,000)
Purchase of premises and equipment (932,000) (554,000)
Net cash used in investing activities (51,819,000) (12,736,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 145,285,000 43,839,000
Net decrease in short-term borrowings (113,069,000) (14,021,000)
Repayments of other borrowings (23,203,000) (33,057,000)
Proceeds from other borrowings 40,000,000 60,000,000
Acquisition of treasury stock (349,000)  
Cash dividends paid (2,875,000) (2,433,000)
Net cash provided by financing activities 45,789,000 54,328,000
Increase in cash and cash equivalents 3,068,000 45,843,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 72,339,000 66,120,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 75,407,000 111,963,000
Cash payments for:    
Interest on deposits and borrowings 10,978,000 11,001,000
Income taxes paid, net of refunds 46,000 257,000
Supplemental Schedule of Noncash Investing Activities:    
Transfers of loans to foreclosed real estate and repossession of other assets 466,000 473,000
Dividends payable $ 2,871,000 $ 2,432,000