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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 5,383 $ 4,456
Adjustments to reconcile net income to net cash provided by operating activities:    
Release of provision for credit losses on loans and unfunded commitments (340) (230)
Depreciation expense 535 463
Net amortization of investment securities, premiums, and discounts 118 212
Change in fair value of mortgage servicing rights 0 (59)
Investment securities losses, net 2 0
(Gain) loss on sales and dispositions of premises and equipment (50) 5
Gain on sales and dispositions of other real estate (21) (34)
Proceeds from the sale of mortgage servicing rights 0 1,552
Share-based compensation expense 81 29
Increase in cash surrender value - life insurance (386) (136)
Decrease (increase) in other assets 889 (724)
Decrease in operating lease liabilities (70) (50)
Decrease in other liabilities (183) (856)
Origination of mortgage loans held for sale (1,335) (13,856)
Proceeds from the sale of mortgage loans held for sale 1,237 15,108
Gain on sale of mortgage loans, net (126) (277)
Net cash provided by operating activities 5,734 5,603
Cash flows from investing activities:    
Purchase of bank-owned life insurance 0 (35,000)
Net (increase) decrease in loans (4,145) 20,225
Purchase of available-for-sale debt securities (6,656) (12,658)
Proceeds from maturities of available-for-sale debt securities 4,273 2,674
Proceeds from calls of available-for-sale debt securities 1,755 12,256
Purchases of FHLB stock (4,029) (558)
Proceeds from sales of FHLB stock 2,242 571
Purchases of premises and equipment (272) (544)
Proceeds from sales of premises and equipment 50 0
Proceeds from sales of other real estate and repossessed assets 799 60
Net cash used in investing activities (5,983) (12,974)
Cash flows from financing activities:    
Net increase (decrease) in demand deposits 42,085 (9,653)
Net decrease in interest-bearing transaction accounts (27,445) (56,680)
Net (decrease) increase in time deposits (3,934) 23,363
Repayment of FHLB advances and other borrowings (46,100) (8,000)
FHLB advances 88,675 10,000
Purchase of treasury stock (440) (414)
Cash dividends paid - common stock (1,328) (1,197)
Net cash provided by (used in) financing activities 51,513 (42,581)
Net increase (decrease) in cash and cash equivalents 51,264 (49,952)
Cash and cash equivalents, beginning of period 50,994 93,450
Cash and cash equivalents, end of period 102,258 43,498
Cash paid during the period for:    
Interest 8,288 9,104
Income taxes 0 0
Non-cash investing and financing activities:    
Right of use assets obtained in exchange for new operating lease liabilities 1,420 0
Dividends declared not paid - common stock $ 1,328 $ 1,195