XML 16 R9.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities          
Net income $ 4,420 $ 2,677 $ 9,945 $ 4,544  
Adjustments to reconcile net income to net cash provided by operating activities:          
Provision for credit losses 306 (5) 618 1,287  
Depreciation of premises and equipment     789 660  
Amortization of premiums and accretion of discounts on securities, net     741 778  
Amortization of core deposit intangible 92 102 284 137  
Accretion of fair value of acquired loans     (1,324) (480)  
Amortization of fair value of acquired time deposits and leases     115 187  
Origination of mortgage loans held for sale     (11,001) (8,708)  
Proceeds from sale of mortgage loans held for sale     11,256 8,789  
Gain on sale of mortgage loans held for sale (92) (50) (171) (132)  
Increase in cash value of bank-owned life insurance     (893) (822)  
Gain on disposal of premises and equipment, net     (2)    
Equity based compensation expense     143 93  
Net change in:          
Accrued interest receivable     (208) 2  
Other assets     76 (4,007)  
Accrued interest payable     154 523  
Other liabilities     226 1,169  
Net cash provided by operating activities     10,748 4,020  
Cash Flows from Investing Activities          
Proceeds from repayments of mortgage-backed securities     11,274 9,831  
Proceeds from calls, sales and maturities of securities available for sale     31,000 11,024  
Purchases of available for sale securities     (49,616)    
Net change in restricted stock     (1,900) 168  
Purchase of loan participations     (20,095) (13,894)  
Collection of loan participations     6,243 5,901  
Loan originations and principal collections, net     (13,682) (18,207)  
Recoveries on loans charged off     142 158  
Purchases of premises and equipment     (2,306) (2,302)  
Proceeds from sale of premises and equipment     2 46  
Cash acquired in the acquisition, net of cash paid     0 6,885  
Net cash used in investing activities     (38,938) (390)  
Cash Flows from Financing Activities          
Net change in time deposits     (31,792) 18,798  
Net change in other deposits     (51,185) (49,728)  
Cash dividends paid     (4,645) (4,303)  
Net change in borrowings     50,000 (5,230)  
Net cash used in financing activities     (37,622) (40,463)  
Net change in cash and cash equivalents     (65,812) (36,833)  
Cash and cash equivalents at beginning of period     108,117 86,603 $ 86,603
Cash and cash equivalents at end of period $ 42,305 $ 49,770 42,305 49,770 108,117
Cash payments for:          
Interest on deposits and borrowings     22,546 24,754  
Income taxes     1,169 715  
Supplemental Disclosure of Noncash Activities          
Loans charged against the allowance for credit losses     406 411 $ 519
Unrealized holding gain on securities available for sale     21,984 15,984  
Lease liabilities arising from obtaining right-of-use assets during the period     $ 440 $ 548