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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 20,949 $ 8,831
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 494 491
Premium amortization (discount accretion) on investment securities, net (506) 1,616
Recapture of impairment loss on securities previously recognized in earnings (3) (13)
Fair value loss (gain) on equity security 5 (7)
Provision for (recapture of) loan credit losses 195 (163)
Provision for (recapture of) securities credit losses (356) 804
Loss on sale of securities 81 389
Gain on sale of mortgage loans (27) (12)
Origination of loans held for sale (3,095) (1,305)
Proceeds from sale of loans 2,806 1,317
Deferred income tax benefit (157) (99)
Changes in assets and liabilities:    
Net (increase) decrease in accrued interest receivable and other assets (792) 170
Net increase in accrued interest payable, accrued expenses and other liabilities 2,203 793
Net cash provided by operating activities 21,797 12,812
Securities available for sale:    
Purchases of securities (282,586) (23,138)
Proceeds from sales, calls, maturities, recoveries, and paydowns 187,614 50,750
Securities held to maturity:    
Purchases of securities 0 (263)
Proceeds from sales, calls, maturities and paydowns 7,351 3,216
Purchase of restricted securities, net (273) (112)
Reinvestment of dividends on equity security (15) (12)
Net (increase) decrease in loans (9,143) 16,049
Purchases of premises and equipment (223) (269)
Net cash provided by (used in) by investing activities (97,275) 46,221
Cash flows from financing activities    
Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits 142,941 154,902
Net increase (decrease) in time deposits (5,031) 4,169
Repayment of short-term borrowings (5,000) 0
Net proceeds from stock issuance 36,540 0
Net cash provided by financing activities 169,450 159,071
Net increase in cash and cash equivalents 93,972 218,104
Cash and cash equivalents, beginning of period 316,767 98,663
Cash and cash equivalents, end of period 410,739 316,767
Supplemental disclosures of cash flow information    
Cash payments for interest 3,718 4,005
Cash payments for taxes 6,411 2,047
Supplemental disclosures of noncash investing activities    
Net securities loss reclassified into earnings $ 3,044 $ 6,587