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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating Activities      
Net income $ 1,872,000 $ 1,993,000  
Items not requiring (providing) cash      
Depreciation and amortization 290,000 261,000 $ 261,000
Amortization of intangible asset 37,000 38,000  
Premium amortization on securities 107,000 122,000  
Provision for credit loss expense 96,000    
Gain on sale of loans (84,000) (77,000)  
(Gain) loss on sale of available-for-sale securities (143,000) 194,000  
Expense related to share based compensation programs 89,000 543,000  
Increase in value of bank-owned life insurance (103,000) (114,000)  
Originations of loans held for sale (2,378,000) (1,970,000)  
Proceeds from sale of loans held for sale 2,462,000 2,047,000  
Amortization of debt instrument costs 15,000 15,000  
Net change in accrued interest receivable and other assets (222,000) 931,000  
Net change in accrued expenses and other liabilities (974,000) (368,000)  
Net cash provided by operating activities 1,064,000 3,615,000  
Investing Activities      
Purchase of available-for-sale securities   (34,905,000)  
Proceeds from calls/redemptions of available-for-sale securities 10,000 35,000  
Sale of available-for-sale securities 7,733,000 25,091,000  
Net change in loans (5,838,000) 2,959,000  
Proceeds from sales of foreclosed assets 28,000    
Purchases of premises and equipment (1,658,000) (3,392,000)  
Net cash provided by (used in) investing activities 275,000 (10,212,000)  
Financing Activities      
Net change in deposits 10,587,000 4,291,000  
Net change in securities sold under repurchase agreements 7,071,000 11,024,000  
Finance lease principal payment (20,000) (17,000)  
Repurchase of common stock (49,000) (656,000)  
Cash dividends paid (2,133,000) (1,938,000)  
Net cash provided by financing activities 15,456,000 12,704,000  
Increase in Cash and Cash Equivalents 16,795,000 6,107,000  
Cash and Cash Equivalents, Beginning of Period 19,608,000 40,770,000 40,770,000
Cash and Cash Equivalents, End of Period 36,403,000 46,877,000 $ 19,608,000
Supplemental Cash Flows Information      
Interest paid on deposits and borrowings $ 6,243,000 $ 3,477,000