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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 (Loss) $ 15,343 $ 9,357
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 979 1,002
Amortization of other assets 564 988
Origination of loans held for sale (74,216) (41,606)
Proceeds from sale of loans held for sale 75,358 41,224
Net (gain) on sales of loans (2,141) (1,428)
Provision for credit losses 2,551 1,649
(Gain) on other real estate owned 0 (7)
(Gain) on the sale of marine finance assests 0 (435)
(Gain) on the sale and disposal of premises and equipment (3,863) (14)
Loss on the sale of repossessed assets 204 0
Amortization of subordinated debt issuance costs 67 67
Stock-based compensation expense 912 1,213
Premium amortization on securities, net 258 335
Bank owned life insurance income (1,074) (713)
(Gain) on bank-owed life insurance settlement (907) 0
Deferred tax accrual (benefit) 600 (1,509)
Changes in assets and liabilities:    
Decrease (increase) in other assets 2,770 (4,583)
Increase in other liabilities 1,357 1,335
Net cash provided by operating activities 18,762 6,875
Cash Flows from Investing Activities    
Proceeds from maturities, calls, and principal payments of securities available for sale 20,046 14,473
Purchases of securities available for sale (4,983) 0
Proceeds from the sale of restricted investments 3,851 4,975
Purchase of restricted investments (1,840) (5,310)
Proceeds from bank-owned life insurance settlement 935 0
Proceeds from the sale of bank premises and equipment 7,672 39
Purchases of bank premises and equipment (1,019) (1,071)
Purchase of bank-owned life insurance 0 (5,000)
Proceeds from the sale of other real estate owned 0 115
Proceeds from the sale of repossessed assets 112 0
Changes in collateral posted with other financial institutions, net (400) 0
Proceeds from sale of marine finance assets 0 53,987
Proceeds from sales of loans 0 51,871
Origination of loans, net of prinicpal collected (6,964) (243,441)
Funding of capital commitments related to other investments (664) (922)
Net cash provided by (used in) investing activities 16,746 (130,284)
Cash Flows from Financing Activities    
Net (decrease) in demand deposits, money market and savings accounts (7,548) (13,123)
Net increase in certificates of deposit 76,382 255,370
Net (decrease) in federal funds purchased 0 (32,980)
Net increase (decrease) in short-term Federal Home Loan Bank advances 5,000 (155,000)
(Repayment) advances of long-term Federal Home Loan Bank advances (50,000) 145,000
Issuance of common stock, employee benefit plan 0 132
Repurchase and retirement of common stock (237) (302)
Cash dividends paid (4,299) (4,229)
Net cash provided by financing activities 19,298 194,868
Increase in cash and cash equivalents 54,806 71,459
Cash and Cash Equivalents    
Beginning 138,353 66,894
Ending 193,159 138,353
Supplemental Disclosures of Cash Flow Information    
Interest 40,142 31,332
Income taxes 80 2,068
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized (loss) gain on securities available for sale (791) 3,095
Minimum postretirement liability adjustment (11) (8)
Repossessed assets acquired in settlement of loans 525 304
Lease liabilities arising from right-of-use assets $ 5,466 $ 0