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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 34,394 $ 27,045 $ 29,518
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 2,208 2,209 2,107
Change in deferred taxes 81 20 (1,360)
Credit loss expense 1,850 525 1,184
Loans originated for resale (8,619) (5,866) (3,916)
Proceeds from sales and transfers of loans 8,813 6,009 4,283
Net gain on sales of loans (194) (143) (92)
Net amortization of investment premiums 568 596 111
Net gain on sale of other real estate owned (33) 0 (42)
Provision for losses on other real estate owned 0 35 0
Equity compensation expense 966 895 820
Net increase in other assets and accrued interest (947) (5,414) (680)
Net (decrease) increase in other liabilities (2,542) (923) 4,624
Net (loss) gain on disposal of premises and equipment (10) 4 33
Amortization of investments in tax credit structures 1,253 1,029 303
Net acquisition amortization 26 26 26
Net cash provided by operating activities 37,814 26,047 36,919
Cash flows from investing activities      
Decrease (increase) in interest-bearing deposits in other banks 17,976 (18,612) 205
Proceeds from maturities, payments, calls of securities available for sale 38,132 29,665 97,524
Proceeds from maturities, payments, calls and sales of securities held to maturity 15,036 18,441 8,149
Proceeds from sales of other real estate owned 206 0 106
Purchases of securities available for sale (14,108) (26,718) (88,581)
Purchases of securities to be held to maturity (1,250) (2,750) 0
(Purchase) redemption of restricted equity securities (1,072) (3,818) 498
Net increase in loans (54,724) (212,157) (215,077)
Capital expenditures (3,220) (1,475) (2,635)
Proceeds from sale of premises and equipment 22 4 3
Net cash used in investing activities (3,002) (217,420) (199,808)
Cash flows from financing activities      
Net increase in demand, savings, and money market accounts 77,049 81,025 18,209
Net (decrease) increase in certificates of deposit (137,548) 44,564 202,576
Advances on long-term borrowings 500 95,000 0
Repayment on long-term borrowings 0 0 (84)
Net increase (decrease) in short-term borrowings 41,043 (18,374) (33,747)
Payment to repurchase common stock (282) (212) (250)
Proceeds from sale of common stock 916 867 817
Dividends paid (16,347) (15,803) (15,418)
Net cash (used) provided by financing activities (34,669) 187,067 172,103
Net increase (decrease) in cash and cash equivalents 143 (4,306) 9,214
Cash and cash equivalents at beginning of year 27,636 31,942 22,728
Cash and cash equivalents at end of year 27,779 27,636 31,942
Interest paid 82,978 84,441 62,228
Income taxes paid 5,670 4,527 5,621
Non-cash transactions:      
Net transfer from loans to other real estate owned 0 208 0
Change in net unrealized loss on available for sale securities, net of tax $ (11,330) $ (3,096) $ 5,143