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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 2,158 $ 1,717
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 494 534
Amortization of right of use lease assets 95 91
Accretion related to acquisition, net 11 11
Amortization of subordinated debt issuance costs 32 33
Gain on redemption and retirement of subordinated notes (656) 0
Provision for credit losses 717 80
Loss on sale of securities, net 176 0
Net amortization of securities 69 154
(Increase) decrease in loans held for sale, net (111) 470
Net loss (gain) on write-down/sale of repossessed assets 84 (22)
Income from bank owned life insurance (282) (265)
Stock compensation expense 110 75
Decrease (increase) in other assets 296 (147)
(Decrease) increase in accrued expenses and other liabilities (1,028) 1,047
Net cash provided by operating activities 2,165 3,778
Investing activities:    
Purchases of available-for-sale securities (5,886) (1,230)
Cash used in purchases of restricted securities, net (4) (63)
Proceeds from maturities of available-for-sale securities 400 570
Proceeds from sales of available-for-sale securities 1,394 450
Paydowns on available-for-sale securities 3,118 4,197
Net (increase) decrease in loans held for investment (3,316) 11,148
Purchases of premises and equipment (166) (799)
Net cash (used in) provided by investing activities (4,460) 14,273
Financing activities:    
Increase in noninterest-bearing deposits 15,654 23,148
Increase (decrease) in savings deposits 29,900 (22,998)
Decrease in time deposits (42,990) (2,278)
Decrease in federal funds purchased, repurchase agreements and other borrowings, net (639) (699)
Increase in Federal Home Loan Bank advances 0 34,200
Repayment of Federal Home Loan Bank advances 0 (34,200)
Repayment and retirement of subordinated debt (3,094) 0
Proceeds from Employee Stock Purchase Plan issuance 30 33
Cash dividends paid on common stock (715) (705)
Net cash used in financing activities (1,854) (3,499)
Net (decrease) increase in cash and cash equivalents (4,149) 14,552
Cash and cash equivalents at beginning of period 140,044 78,759
Cash and cash equivalents at end of period 135,895 93,311
Cash payments for:    
Interest 5,925 6,007
Supplemental schedule of noncash transactions    
Unrealized gain (loss) on securities available-for-sale 2,106 (339)
Loans transferred to repossessed assets $ 295 $ 865