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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 earnings $ 16,353 $ 15,546 $ 16,123
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 2,890 3,126 6,031
Provision for (recovery of) credit losses (285) 1,566 1,472
Deferred income taxes 1,031 (453) (541)
Gain on sale of held for sale mortgage loans (287) (225) (349)
(Gain) loss on sale of investment securities, net (5) (2,488) 0
Write-down of other real estate 31 0 0
(Gain) loss on sale and write downs of premises and equipment, net (362) (184) 85
Restricted stock units expense 212 187 249
Proceeds from sales of loans held for sale 19,149 16,415 23,008
Origination of loans held for sale (19,543) (16,665) (19,233)
Change in:      
Cash surrender value of life insurance (470) (431) (403)
Right of use lease asset (718) (755) (1,222)
Other assets (80) (310) (3,506)
Lease liability (696) (723) (1,673)
Other liabilities 1,018 1,688 131
Net cash provided by operating activities 20,558 22,780 22,616
Cash flows from investing activities:      
Purchases of investment securities available for sale (29,052) (9,615) (149,738)
Proceeds from sales, calls and maturities of investment securities available for sale 14,723 52,038 7,875
Proceeds from paydowns of investment securities available for sale 17,671 18,250 37,400
Proceeds from paydowns of other investment securities 201 150 1,162
Purchase of FHLB Stock FHLB stock (10) (323) (105)
Net change in loans (46,499) (60,765) (148,072)
Purchases of premises and equipment (587) (1,948) (4,563)
Proceeds from sale of premises and equipment 0 1,460 0
Proceeds from bank owned life insurance 929 0 65
Net cash used by investing activities (42,624) (753) (255,976)
Cash flows from financing activities:      
Net change in deposits (92,686) (43,170) (22,467)
Net change in securities sold under agreement to repurchase (86,715) 39,027 10,594
Proceeds from FRB borrowings 1 1 1
Repayments of FRB borrowings (1) (1) (1)
Proceeds from Fed Funds Purchased 162 43,426 162
Repayments of Fed Funds Purchased (162) (43,426) (162)
Restricted stock units exercised 51 0 41
Excise tax on stock repurchased (20) 0 0
Common stock repurchased (1,998) (1,997) (710)
Cash dividends paid on common stock (5,047) (5,108) (4,935)
Net cash (used) provided by financing activities (1,043) (11,248) 27,457
Net change in cash and cash equivalents (23,109) 10,779 (205,903)
Cash and cash equivalents at beginning of period 82,375 71,596 277,499
Cash and cash equivalents at end of period 59,266 82,375 71,596
Cash paid during the year for:      
Interest 28,079 16,487 3,284
Income taxes 4,538 4,448 4,659
Noncash investing and financing activities:      
Change in unrealized gain (loss) on investment securities available for sale, net 208 8,232 (47,693)
Transfer of loans to other real estate 400 0 0
Restricted stock units issued 0 6 0
Excise tax on stock repurchased 0 (20) 0
Initial recognition of lease right of use asset and lease liability 0 370 1,726
Allowance for credit losses recorded upon adoption of ASU 326, net of tax $ 0 $ (838) $ 0