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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 3,922 $ 3,361
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 537 538
Net amortization of loans and investment securities 71 914
Amortization of subordinate debt issuance costs 11 11
Provision for credit losses 779 452
Loss on sale of equity securities 7
Change in fair value of equity securities 41
Loans originated for sale (6,986) (3,439)
Proceeds from sale of loans 7,774 3,429
Gain on sale of loans held for sale (109) (58)
Increase in cash surrender value of life insurance (115) (112)
Gain from claims on life insurance policies (78)
Stock based compensation 194 130
Decrease in other assets 1,607 762
Increase in other liabilities 1,131 1,353
Net cash provided by operating activities 8,823 7,304
Cash flows from investing activities    
Net decrease in long-term interest-earning deposits in other banks 250 2,240
Proceeds from maturities, calls and pay-downs of securities available for sale 19,643 11,997
Purchase of investment securities available for sale (3,510)
Decrease (increase) in restricted stock 10 (7,920)
Net increase in loans (58,135) (20,617)
Proceeds from surrender of life insurance policies 559
Proceeds from sale of equity securities 161
Capital expenditures (246) (861)
Net cash used in investing activities (38,317) (18,112)
Cash flows from financing activities    
Net increase (decrease) in demand deposits, interest-bearing checking, and savings accounts 56,305 (18,129)
Net (decrease) increase in time deposits (4,375) 39,463
Increase in long-term borrowings (FHLB & FRB) 200,000
Decrease in long-term borrowings (FHLB & FRB) (50,000)
Dividends paid (1,418) (1,399)
Purchase of Treasury shares (142) (39)
Cash received from option exercises 23 13
Treasury shares issued under dividend reinvestment plan 444 329
Net cash provided by financing activities 50,837 170,238
Increase in cash and cash equivalents 21,343 159,430
Cash and cash equivalents at the beginning of the period 203,613 23,140
Cash and cash equivalents at the end of the period 224,956 182,570
Cash paid during the period for:    
Interest on deposits and other borrowed funds 12,146 9,902
Noncash Activities    
Lease liabilities arising from obtaining right-of-use assets $ 131