XML 18 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 7,460 $ 5,991
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 1,413 1,379
Provision for credit losses on loans 875 455
Provision (benefit) for credit losses on unfunded loan commitments 90 (85)
Deferred income tax benefit (335) (575)
Stock-based compensation expense 338 326
Excess tax benefit from exercise of SSARs 30 0
Proceeds from sale of loans held-for-sale 9,755 14,411
Originations of loans held-for-sale (9,002) (11,425)
Earnings from bank-owned life insurance (395) (389)
Net gain from sales of loans (153) (753)
Net loss from sales of investment securities 577 822
Net gain from sale and write-down of foreclosed assets held-for-sale (78) (76)
Net loss (gain) from write-down and disposal of bank premises and equipment 1 (309)
Operating lease payments 16 17
Change in:    
Accrued interest receivable (555) (73)
Other assets (320) 198
Accrued interest payable and other liabilities (2,152) 1,767
Net cash provided by operating activities 7,565 11,681
Cash flows from investing activities:    
Proceeds from sales 5,224 16,665
Proceeds from maturities, calls and principal pay-downs 5,119 7,208
Purchases 0 (4,569)
Increase in restricted investments in bank stock (109) (59)
Net increase in loans and leases (113,160) (19,814)
Principal portion of lease payments received under direct finance leases 703 954
Purchases of bank premises and equipment (4,314) (173)
Proceeds from sale of bank premises and equipment 0 578
Proceeds from sale of foreclosed assets held-for-sale 403 510
Net cash (used in) provided by investing activities (106,134) 1,300
Cash flows from financing activities:    
Net increase in deposits 109,140 117,148
Net decrease in borrowings (1,179) (66)
Repayment of finance lease obligation (53) (57)
Proceeds from employee stock purchase plan participants 236 248
Repurchase of shares to cover withholdings (127) (87)
Dividends paid, net of dividends reinvested (2,513) (2,325)
Net cash provided by financing activities 105,504 114,861
Net increase in cash and cash equivalents 6,935 127,842
Cash and cash equivalents, beginning 148,060 83,353
Cash and cash equivalents, ending 154,995 211,195
Supplemental Disclosures of Cash Flow Information    
Interest 12,084 10,903
Supplemental Disclosures of Non-cash Investing Activities:    
Net change in unrealized losses on available-for-sale securities (685) 3,076
Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity 613 598
Transfers from loans to foreclosed assets held-for-sale 6 124
Transfers from loans to loans held-for-sale, net 737 1,070
Net change in right-of-use asset 0 630
Net change in lease liability $ 0 $ 630