XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 7,954 $ 4,488
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense for loans 1,069 423
Credit loss expense (benefit) for off-balance sheet credit exposures 1 (72)
Amortization of securities available-for-sale and loans, net 194 529
Amortization of intangible assets 154 173
Depreciation 638 654
Provision for deferred income taxes 56 (35)
Securities losses, net 0 165
Increase in cash value of bank-owned life insurance (42) (40)
Gain on sales of loans held for sale (225) (249)
Proceeds from loans held for sale 11,382 11,992
Originations of loans held for sale (11,156) (12,129)
Amortization of investment in New Markets Tax Credit projects 383 349
Gain on other real estate owned, net 0 (11)
Change in assets and liabilities:    
Decrease in accrued income receivable 1,698 469
Decrease (increase) in other assets (233) 207
(Decrease) in accrued interest payable (736) (1,519)
(Decrease) in accrued expenses and other liabilities (6) (134)
Net cash provided by operating activities 11,131 5,260
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in interest-bearing time deposits (752) 2,489
Purchase of securities available-for-sale (57,915) (11,614)
Proceeds from sale of securities available-for-sale 0 2,049
Proceeds from maturities and calls of securities available-for-sale 78,489 48,478
Purchase of FHLB stock (1,703) (6,344)
Proceeds from the redemption of FHLB and FRB stock 2,420 5,482
Net (increase) decrease in loans 23,054 (3,815)
Net proceeds from the sale of other real estate owned 89 82
Purchase of premises and equipment (310) (164)
Net cash provided by investing activities 43,372 36,643
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase (decrease) in deposits (27,477) 9,282
(Decrease) in securities sold under agreements to repurchase (12,351) (13,330)
Payments on other borrowings (19,100) (110,658)
Proceeds from other borrowings 2,800 107,000
Net (payments on) FHLB short-term borrowings 0 (21,000)
Dividends paid (3,562) (4,856)
Stock repurchases (829) 0
Net cash used in financing activities (60,519) (33,562)
Net increase (decrease) in cash and cash equivalents (6,016) 8,341
CASH AND CASH EQUIVALENTS    
Beginning 101,227 55,101
Ending 95,211 63,442
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 16,958 20,387
Income taxes 2,161 53
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Transfer of loans receivable to other real estate owned 214 71
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES    
Dividends declared, not paid $ 0 $ 2,428