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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 13,955 $ 11,843 $ 14,613
Adjustments to reconcile net income to net cash provided in operating activities      
Depreciation 1,706 1,760 1,663
Net premium amortization AFS (3,136) (2,507) 1,869
Net premium amortization HTM (626) (575) (264)
Provision for (release of) credit losses 809 1,129 (152)
Write-downs of other real estate owned 79 44 69
(Gain) loss on sale of other real estate owned (151) 45
Originations of HFS loans (79,376) (50,253) (64,495)
Sales of HFS loans 76,497 49,004 71,717
Gain on sale of HFS loans (2,350) (1,405) (1,881)
Amortization of intangibles 158 158 158
Loss on sale of securities 1,249
Loss on fair value of equity investments (20) (19) (2)
Accretion on acquired loans (81) (49)
Loss on sale of other assets 5 73
(Increase) decrease in other assets 1,302 (1,628) (1,696)
Increase in other liabilities 1,868 3,658 457
Net cash provided in operating activities 10,871 12,226 22,125
Cash flows from investing activities:      
Proceeds from sale of securities available-for-sale 38,662
Purchase of investment securities available-for-sale (17,733) (6,025) (105,943)
Purchase of investment securities held-to-maturity (11,270)
(Purchase) sale of other investment securities 1,766 (2,589) (2,406)
Maturity/call of investment securities available-for-sale 27,628 21,891 61,958
Maturity/call of investment securities held-to-maturity 8,391 12,074 11,745
Increase in loans (86,588) (153,029) (116,797)
Proceeds from sale of other real estate owned 419 117
Proceeds from sale of property and equipment 925
Purchase of property and equipment (1,097) (1,071) (1,223)
Net disposal of property and equipment 115
Net cash used in investing activities (67,633) (89,668) (162,779)
Cash flows from financing activities:      
Increase in deposit accounts 164,900 125,619 24,091
Increase (decrease) in Fed Funds Borrowed (22,000) 22,000
Advances from the Federal Home Loan Bank 289,000 118,000
Repayment of advances from the Federal Home Loan Bank (90,000) (249,000) (68,000)
Increase (decrease) in securities sold under agreements to repurchase 40,247 (5,880) 14,527
Shares retired (119) (121) (42)
Restricted stock units granted 160 180 1,447
Change in non-vested restricted stock 816 763 507
Dividend reinvestment plan 410 438 388
Proceeds from (cost of) issuance of common stock-deferred compensation (104) (28) 28
Dividends paid on common stock (4,415) (4,235) (3,913)
Net cash provided in financing activities 111,895 134,736 109,033
Net increase (decrease) in cash and cash equivalents 55,133 57,294 (31,621)
Cash and cash equivalents at beginning of year 94,695 37,401 69,022
Cash and cash equivalents at end of year 149,828 94,695 37,401
Supplemental disclosure:      
Cash paid during the period for: interest 33,235 20,750 3,058
Income Taxes 3,761 3,574 3,893
Non-cash investing and financing activities:      
Unrealized gain (loss) on securities available-for-sale, net of tax 1,370 2,871 (23,285)
Transfer of investment securities available-for-sale to held-to-maturity 245,619
Adoption of ASU 2016-3 (CECL transition) 337
Transfer of loans to other real estate owned 44
Recognition of operating lease right of use asset 835
Recognition of operating lease liability 835
Termination of operating lease right of use asset 476
Termination of operating lease liability $ 510