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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating activities:    
Net income $ 9,508 $ 7,730
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,126 2,148
Amortization of right of use lease assets 408 430
Accretion related to acquisition, net 44 44
Amortization of subordinated debt issuance costs 131 130
Provision for credit losses 713 2,601
Loss on sale of securities, net 0 134
Net amortization of securities 519 710
Decrease (increase) in loans held for sale, net 470 (49)
Net gain on disposal of premises and equipment 0 (220)
Net loss on write-down/sale of repossessed assets 126 69
Income from bank owned life insurance (1,094) (1,038)
Stock compensation expense 462 546
Deferred tax benefit (145) (88)
Increase (decrease) in other assets 1,109 (1,093)
Increase (decrease) in accrued expenses and other liabilities 267 (1,058)
Net cash provided by operating activities 14,644 10,996
Investing activities:    
Purchases of available-for-sale securities (34,648) (11,734)
Proceeds from redemption (purchases) of restricted securities, net 1,258 (681)
Proceeds from maturities and calls of available-for-sale securities 1,570 890
Proceeds from sales of available-for-sale securities 0 19,821
Paydowns on available-for-sale securities 17,211 14,687
Net (increase) decrease in loans held for investment 66,684 (55,109)
Purchases of premises and equipment (1,411) (1,053)
Proceeds from sale of premises and equipment 0 863
Net cash provided by (used in) investing activities 50,664 (32,316)
Financing activities:    
Increase (decrease) in noninterest-bearing deposits 23,049 (86,590)
Increase in savings deposits 3,751 71,167
(Decrease) increase in time deposits (2,283) 89,801
Increase (decrease) in federal funds purchased, repurchase agreements and other borrowings, net 1,584 (13,982)
Increase in Federal Home Loan Bank advances 104,336 457,300
Repayment of Federal Home Loan Bank advances (133,786) (433,950)
Proceeds from Employee Stock Purchase Plan issuance 117 131
Cash dividends paid on common stock (2,838) (2,817)
Net cash (used in) provided by financing activities (6,070) 81,060
Net increase in cash and cash equivalents 59,238 59,740
Cash and cash equivalents at beginning of period 80,806 21,066
Cash and cash equivalents at end of period 140,044 80,806
Cash payments for:    
Interest 23,945 17,159
Income tax 1,050 2,100
Supplemental schedule of noncash transactions    
Unrealized gain on securities available-for-sale 504 4,098
Loans transferred to repossessed assets 1,883 215
Impact of adoption of new accounting pronouncements $ 455 $ 991