XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 12,513 $ 6,705
Adjustments to reconcile net income to net cash provided by operating activities:    
Credit loss expense for loans 1,704 792
Credit loss benefit for off-balance sheet credit exposures (7) (70)
Amortization of securities available-for-sale and loans, net 149 703
Amortization of intangible assets 231 259
Depreciation 970 997
Provision for deferred income taxes (133) (125)
Securities losses, net 0 165
Increase in cash value of bank-owned life insurance (65) (62)
Gain on sales of loans held for sale (395) (361)
Proceeds from loans held for sale 18,957 17,471
Originations of loans held for sale (19,108) (17,324)
Amortization of investment in New Markets Tax Credit projects 575 523
Gain on other real estate owned, net 0 (11)
Change in assets and liabilities:    
(Increase) in accrued income receivable (1,137) (2,308)
(Increase) decrease in other assets (204) 1,384
(Decrease) in accrued interest payable (723) (1,665)
Increase in accrued expenses and other liabilities 555 1,286
Net cash provided by operating activities 13,882 8,359
CASH FLOWS FROM INVESTING ACTIVITIES    
Change in interest-bearing time deposits 488 2,737
Purchase of securities available-for-sale (84,572) (11,629)
Proceeds from sale of securities available-for-sale 0 2,049
Proceeds from maturities and calls of securities available-for-sale 105,638 79,426
Purchase of FHLB stock (4,397) (8,867)
Proceeds from the redemption of FHLB and FRB stock 5,389 6,767
Net (increase) decrease in loans 26,222 (18,706)
Net proceeds from the sale of other real estate owned 89 82
Purchase of premises and equipment (411) (231)
Net cash provided by investing activities 48,446 51,628
CASH FLOWS FROM FINANCING ACTIVITIES    
(Decrease) in deposits (13,863) (10,110)
(Decrease) in securities sold under agreements to repurchase (11,789) (11,238)
Payments on other borrowings (20,250) (144,987)
Proceeds from other borrowings 2,800 129,000
Net (payments on) FHLB short-term borrowings (6,000) (11,500)
Dividends paid (5,341) (7,284)
Stock repurchases (951) 0
Net cash used in financing activities (55,394) (56,119)
Net increase in cash and cash equivalents 6,934 3,868
CASH AND CASH EQUIVALENTS    
Beginning 101,227 55,101
Ending 108,161 58,969
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest 24,749 30,168
Income taxes 3,066 246
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES    
Transfer of loans receivable to other real estate owned 293 71
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES    
Dividends declared, not paid $ 0 $ 1,798