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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 12,912 $ 9,993
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 2,796 2,745
Provision for credit losses on loans 755 400
Net provision (benefit) for credit losses on unfunded loan commitments (65) 90
Deferred income tax benefit (1,290) (452)
Stock-based compensation expense 655 798
Proceeds from sale of loans held-for-sale 34,015 25,697
Originations of loans held-for-sale (27,546) (24,776)
Earnings from bank-owned life insurance (780) (706)
Gain from bank-owned life insurance claim (166) 0
Net gain from sales of loans (1,061) (448)
Net loss from sales of investment securities 822 0
Net gain from sale and write-down of foreclosed assets held-for-sale (76) (15)
Net gain from write-down and disposal of bank premises and equipment (298) (3)
Operating lease payments 35 25
Change in:    
Accrued interest receivable (356) (786)
Other assets 1,267 1,334
Accrued interest payable and other liabilities 2,642 130
Net cash provided by operating activities 24,261 14,026
Cash flows from investing activities:    
Proceeds from sales 16,665 0
Proceeds from maturities, calls and principal pay-downs 13,284 11,545
Purchases (14,747) 0
Increase in restricted investments in bank stock (279) (63)
Net increase in loans and leases (44,337) (44,601)
Principal portion of lease payments received under direct finance leases 1,761 2,292
Purchase of bank-owned life insurance policies 0 (2,000)
Purchases of bank premises and equipment (5,865) (2,782)
Proceeds from sale of bank premises and equipment 581 19
Proceeds from sale of foreclosed assets held-for-sale 533 235
Net cash used in investing activities (32,404) (35,355)
Cash flows from financing activities:    
Net increase in deposits 95,017 10,707
Net decrease in borrowings (120) (19,014)
Repayment of finance lease obligation (113) (109)
Proceeds from employee stock purchase plan participants 248 280
Repurchase of shares to cover withholdings (87) (79)
Dividends paid, net of dividends reinvested (4,660) (4,320)
Net cash provided by (used in) financing activities 90,285 (12,535)
Net increase (decrease) in cash and cash equivalents 82,142 (33,864)
Cash and cash equivalents, beginning 83,353 111,949
Cash and cash equivalents, ending 165,495 78,085
Supplemental Disclosures of Cash Flow Information    
Interest 22,552 21,387
Federal taxes 2,900 1,650
State taxes 33 17
Supplemental Disclosures of Non-cash Investing Activities:    
Net change in unrealized losses on available-for-sale securities 4,155 (1,746)
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity 1,193 1,166
Transfers from loans to foreclosed assets held-for-sale 441 219
Transfers from loans to loans held-for-sale, net 2,870 0
Security settlement pending 2,550 0
Net change in right-of-use asset 630 1,391
Net change in lease liability $ 630 $ 1,483