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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,908 $ 1,786
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 374 424
Provision for (recovery of) credit losses 259 (43)
Income on bank owned life insurance (18)
Gain on sale of mortgage loans (9) (4)
(Gain) loss on sale or disposal of premises and equipment (2) 33
Loans originated for sale (380) (105)
Proceeds from sales of loans originated for sale 389 109
Net amortization/accretion of bond premiums/discounts 15 71
Deferred tax benefit (1) (261)
Net change in:    
Accrued interest receivable (189) (19)
Other assets (365) (331)
Accrued interest payable (94) 304
Accrued expenses and other liabilities 125 368
Net cash provided by operating activities 2,030 2,314
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in loans (13,214) (337)
Purchase of securities available-for-sale (2,939) (3,098)
Proceeds from repayments and maturities of securities available-for-sale 2,663 2,762
Net purchase of equity securities (restricted) (20) (36)
Payments for the purchase of premises and equipment (268) (299)
Proceeds from sale of premises and equipment 2
Proceeds from sale of other real estate owned 30
Proceeds from bank owned life insurance benefit 5,417
Net cash used in investing activities (8,329) (1,008)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of long-term debt 3,000
Net change in noninterest bearing deposits 9,156 791
Net change in interest-bearing deposits 17,712 23,521
Dividends paid (1,889) (1,661)
Repurchase of common stock (68) (85)
Net cash provided by financing activities 24,911 22,566
Net increase in cash and cash equivalents 21,911 23,872
Cash and cash equivalents, beginning of the period 67,668 64,977
Cash and cash equivalents, end of the period 83,280 88,849
Supplemental disclosure of cash paid during the period for:    
Interest 3,835 3,380
Supplemental disclosure of non-cash transactions:    
Change in unrealized losses on securities available-for-sale $ 2,380 $ (1,056)