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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 $ 5,607 $ 3,917
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization of premises and equipment 120 129
Premium amortization (discount accretion) on investment securities, net (1,163) 202
Recapture of impairment loss on securities previously recognized in earnings 0 (1)
Fair value adjustment (gain) loss on equity security (9) 4
Provision for (recapture of) loan credit losses (38) 5
Recapture of securities credit losses (27) (199)
Gain on sale of mortgage loans (13) 0
Origination of loans held for sale (515) (671)
Proceeds from sale of loans 844 0
Changes in assets and liabilities:    
Net increase in accrued interest receivable and other assets (1,717) (590)
Net increase in accrued interest payable, accrued expenses and other liabilities 20 675
Net cash provided by operating activities 3,109 3,471
Securities available for sale:    
Purchases of securities (288,006) (7,061)
Proceeds from calls, maturities, and paydowns 170,458 10,688
Securities held to maturity:    
Proceeds from calls, maturities and paydowns 5,005 7
Purchase of restricted securities, net (137) (123)
Reinvestment of dividends on equity security (4) (3)
Net decrease (increase) in loans 11,285 (1,123)
Purchases of premises and equipment (1,689) (60)
Net cash (used in) provided by investing activities (103,088) 2,325
Cash flows from financing activities    
Net increase in noninterest-bearing, savings, interest-bearing checking and money market deposits 318,915 24,879
Net decrease in time deposits (458) (1,149)
Increase in short-term borrowings 0 0
Proceeds from stock issuance 0 12
Net cash provided by financing activities 318,457 23,742
Net increase in cash and cash equivalents 218,478 29,538
Cash and cash equivalents, beginning of period 410,739 316,767
Cash and cash equivalents, end of period 629,217 346,305
Supplemental disclosures of cash flow information    
Cash payments for interest 878 892
Cash payments for taxes 0 0
Supplemental disclosures of noncash investing activities    
Fair value adjustment for available for sale securities $ 1,809 $ 6