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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities    
Net income $ 7,623 $ 15,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) credit losses 1,227 (1,261)
Deferred income tax (benefit) expense (884) 750
Depreciation of premises and equipment 900 754
Amortization of premiums and accretion of discounts on securities, net 1,069 1,077
Loss on sale of securities available for sale, net 0 3,332
Amortization of core deposit intangible 237 0
Accretion of fair value of acquired loans (802) 0
Amortization of fair value of acquired time deposits and leases 267 0
Origination of mortgage loans held for sale (10,516) (7,624)
Proceeds from sale of mortgage loans held for sale 10,471 7,325
Gain on sale of mortgage loans held for sale (168) (107)
Gain on other real estate owned 0 (1)
Loss on disposal of repossessed assets 0 4
Increase in cash value of bank-owned life insurance (1,120) (982)
Loss on disposal of premises and equipment, net 1 0
Contribution to defined benefit plan 3,000 0
Equity based compensation expense 128 42
Net change in:    
Accrued interest receivable 181 (312)
Other assets (3,041) (1,721)
Accrued interest payable (89) 1,310
Other liabilities 954 (2,754)
Net cash provided by operating activities 9,438 15,523
Cash Flows from Investing Activities    
Proceeds from repayments of mortgage-backed securities 12,516 12,984
Proceeds from calls, sales and maturities of securities available for sale 13,024 44,738
Net change in restricted stock 169 (323)
Purchase of loan participations (15,334) (7,997)
Collection of loan participations 15,759 7,200
Loan originations and principal collections, net (14,306) (3,594)
Proceeds from disposal of other real estate owned 0 663
Proceeds from sale of repossessed assets 0 14
Recoveries on loans charged off 270 283
Purchases of premises and equipment (3,256) (1,492)
Proceeds from sale of premises and equipment 46 0
BOLI settlement 0 712
Cash acquired in the acquisition, net of cash paid 6,898 0
Net cash provided by investing activities 15,786 53,188
Cash Flows from Financing Activities    
Net change in time deposits 22,662 155,611
Net change in other deposits (11,878) (194,364)
Cash dividends paid (9,264) (14,784)
Repayment of borrowings (5,230)
Net cash used in financing activities (3,710) (53,537)
Net change in cash and cash equivalents 21,514 15,174
Cash and cash equivalents at beginning of period 86,603 71,429
Cash and cash equivalents at end of period 108,117 86,603
Cash payments for:    
Interest on deposits and borrowings 33,679 20,240
Income taxes 715 2,545
Supplemental Disclosure of Noncash Activities    
Loans charged against the allowance for credit losses 519 478
Loans transferred to repossessed assets 0 11
Unrealized holding gain on securities available for sale 587 23,880
Minimum pension liability adjustment 3,339 44
Lease liabilities arising from obtaining right-of-use assets during the period 548 0
Supplemental Disclosures of Noncash Transactions Included In Acquisition    
Assets acquired 139,587 0
Liabilities assumed $ 137,038 $ 0