v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (66) $ (24)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 29 39
FHLB stock dividends (8) (9)
Net change in:    
Accrued interest receivable and other assets 78 (344)
Accrued expenses and other liabilities (90) 102
Net cash used in operating activities (57) (236)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Increase) decrease in loans receivable, net (326) 455
Net cash provided by (used in) investing activities (326) 455
CASH FLOWS FROM FINANCING ACTIVITIES:    
Decrease in deposits, net (4,251) (829)
Refund of stock subscriptions (1,428) 0
Proceeds from stock conversion deposited 187 0
Increase in advances by borrowers for insurance and taxes 241 145
Proceeds on FHLB advances, net 0 350
Stock issuance costs paid (145) 0
Net cash used in financing activities (5,396) (334)
Net change in cash and cash equivalents (5,779) (115)
Cash and cash equivalents, beginning of period 9,940 1,710
Cash and cash equivalents, end of period 4,161 1,595
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Cash paid during the period for interest 144 184
Proceeds from stock issuance, net of offering costs $ 6,887 $ 0