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 income (loss) $ 261 $ (396)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Depreciation 11 23
Amortization of deferred loan fees, net (16) (59)
Amortization of debt issuance costs 47 35
Credit for expected credit losses (7) (253)
Accretion of loan discount (6) (7)
Loss on retirement of fixed assets   2
Gain on other investments (14) (27)
Changes in:    
Accrued interest receivable 23 (56)
Other assets (98) 549
Accrued interest payable (348) (18)
Other liabilities (102) 181
Net cash used by operating activities (261) (56)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan purchases   (23)
Loan originations (1,030) (5,796)
Loan sales 1,100 4,319
Loan principal collections 2,046 3,485
Redemption of certificates of deposit (195)  
Purchase of property and equipment   (58)
Net cash provided by investing activities 1,921 1,927
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings, net of repayments on lines of credit   3,712
Net change in debt certificates payable (449) (4,838)
Debt issuance costs (51) (98)
Dividends paid on preferred units (254) (302)
Net cash used by financing activities (754) (1,526)
Net increase in cash and restricted cash 906 345
Cash, cash equivalents, and restricted cash at beginning of period 10,771 12,611
Cash, cash equivalents, and restricted cash at end of period 11,677 12,956
Supplemental disclosures of cash flow information    
Interest paid 2,640 2,610
Income taxes paid 15 32
Leased assets obtained in exchange of new operating lease liabilities 82 387
Lease liabilities recorded 82 387
Dividends declared to preferred unit holders $ 121 $ 154