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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net earnings $ 1,530 $ 1,371
Adjustments to reconcile net earnings to net cash provided by operating activties:    
Provision for credit losses (10) 334
Depreciation and amortization 528 434
Premium amortization and discount accretion, net 354 386
Net gain on sale of loans held for sale (8) (57)
Loans originated for sale (1,470) (3,123)
Proceeds from sale of loans 1,182 2,993
Increase in cash surrender value of bank owned life insurance (105) (102)
Net (increase) decrease in other assets 713 (1,500)
Net (decrease) increase in accrued expenses and other liabilities (87) 2,345
Net cash provided by operating activities 2,627 3,081
Cash flows from investing activities:    
Proceeds from prepayments and maturities of securities available-for-sale 5,847 6,836
Decrease in loans, net 3,303 (10,208)
Net purchases of premises and equipment (211) (1,043)
(Increase) decrease in FHLB stock 0 32
Net cash (used in) provided by investing activities 8,939 (4,383)
Cash flows from financing activities:    
Net increase in noninterest-bearing deposits 10,875 (7,239)
Net increase in interest-bearing deposits 3,804 10,669
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase 0 27
Dividends paid (943) (943)
Net cash provided by financing activities 13,736 2,514
Net change in cash and cash equivalents 25,302 1,212
Cash and cash equivalents at beginning of period 93,354 71,369
Cash and cash equivalents at end of period 118,656 72,581
Cash paid during the period for:    
Interest $ 2,822 $ 2,442