Consolidated Statement of Cash Flows	6 Months Ended
Jun. 30, 2025
Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows	5. Consolidated Statement of Cash Flows On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made $325,000 in income tax payments in the first six months of 2025 compared to no income tax payment in the same 2024 period. The Company made total interest payments of $13,717,000 in the first six months of 2025 compared to $15,159,000 in the same 2024 period. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets of $49,000 in the first six months of 2025 compared to $1,883,000 of non-cash transfers in the same 2024 period. During the first six months of 2025, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $32,000. During the first six months of 2024, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $1.1 million. Additionally, during the first six months of 2024, the Company entered into two new financing leases related to an office location and equipment and recorded right-of-use assets and lease liabilities of $298,000. The execution of these new leases was partially offset by the termination of two financing leases related to an office location and equipment which led to the write-off of $141,000 of right-of-use assets and lease liabilities during the first six months of 2024.

Consolidated Statement of Cash Flows

6 Months Ended

Jun. 30, 2025

Consolidated Statement of Cash Flows

5. Consolidated Statement of Cash Flows

On a consolidated basis, cash and cash equivalents include cash and due from depository institutions, interest bearing deposits and short-term investments in both money market funds and commercial paper. The Company made $325,000 in income tax payments in the first six months of 2025 compared to no income tax payment in the same 2024 period. The Company made total interest payments of $13,717,000 in the first six months of 2025 compared to $15,159,000 in the same 2024 period. The Company had non-cash transfers to other real estate owned (OREO) and repossessed assets of $49,000 in the first six months of 2025 compared to $1,883,000 of non-cash transfers in the same 2024 period. During the first six months of 2025, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $32,000. During the first six months of 2024, the Company entered into a new operating lease related to an office location and recorded a right-of-use asset and lease liability of $1.1 million. Additionally, during the first six months of 2024, the Company entered into two new financing leases related to an office location and equipment and recorded right-of-use assets and lease liabilities of $298,000. The execution of these new leases was partially offset by the termination of two financing leases related to an office location and equipment which led to the write-off of $141,000 of right-of-use assets and lease liabilities during the first six months of 2024.