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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net income $ 8,332 $ 5,760
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,212 1,218
Credit loss expense 769 583
Deferred income tax provision 5 7
Net amortization of premiums on investment securities 438 418
Equity in losses of limited partnerships 1,366 1,264
Stock based compensation expense 449 442
Net decrease (increase) in unamortized loan costs 55 (267)
Proceeds from sales of loans held for sale 104,351 77,313
Origination of loans held for sale (102,107) (81,524)
Net gains on sales of loans held for sale (1,569) (1,168)
Net gains on disposals of premises and equipment 0 (19)
Net losses on sales of investment securities available-for-sale 0 1,293
Net gains on other investments (178) (211)
Decrease in accrued interest receivable 881 488
Amortization of debt issuance costs 26 25
Increase in other assets (1,454) (1,919)
Increase in other liabilities 1,481 2,689
Net cash provided by operating activities 14,057 6,392
Interest bearing deposits in banks    
Proceeds from maturities and redemptions 9,213 3,237
Purchases (8,208) (1,992)
Investment securities available-for-sale    
Proceeds from sales 0 37,218
Proceeds from maturities, calls and paydowns 20,002 14,338
Purchases (22,029) (27,253)
Net purchases of other investments (35) (12)
Net increase in nonmarketable stock (810) (7,281)
Net increase in loans (18,583) (89,193)
Recoveries of loans charged off 15 18
Net purchases of premises and equipment (967) (932)
Proceeds from Company-owned life insurance death benefit 197 235
Investments in limited partnerships (1,005) (3,052)
Proceeds from sales of premises and equipment 0 44
Net cash used in investing activities (22,210) (74,625)
Cash Flows From Financing Activities    
Advances on long-term borrowings 20,145 285,000
Repayment of long-term borrowings (20,000) (110,000)
Net increase in short-term borrowings outstanding 11,000 0
Net increase (decrease) in noninterest bearing deposits 1,154 (17,222)
Net decrease in interest bearing deposits (63,601) (122,096)
Net increase in time deposits 83,139 6,978
Proceeds from issuance of common stock, net of issuance costs 801 0
Dividends paid (4,850) (4,832)
Net cash provided by financing activities 27,788 37,828
Net increase (decrease) in cash and cash equivalents 19,635 (30,405)
Cash and cash equivalents    
Beginning of period 15,838 77,666
End of period 35,473 47,261
Supplemental Disclosures of Cash Flow Information    
Interest paid 24,540 20,640
Income taxes paid 200 0
Supplemental Schedule of Noncash Investing Activities    
Investment in limited partnerships acquired by capital contributions payable 1,901 1,712
Dividends paid on Common Stock:    
Dividends declared 4,906 4,882
Dividends reinvested (56) (50)
Dividends paid $ 4,850 $ 4,832