v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (59) $ (201)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization of premises and equipment 183 150
Amortization, and accretion of investment securities available for sale 55 81
(Release of) provision for credit losses (541) 792
Loss on disposals of assets, net 16  
Increase in cash surrender value of bank owned life insurance (87) (87)
Decrease in ground rents 4 3
Decrease (increase) in accrued interest receivable 139 (167)
Net decrease (increase) in other assets 43 (238)
Net decrease in accrued expenses and other liabilities (109) (74)
Net cash (used in) provided by operating activities (356) 259
Cash flows from investing activities:    
Redemptions and maturities of investment securities available for sale 4,949 20,598
Net sale of Federal Home Loan Bank stock 803 971
Net increase in loans (8,192) (25,420)
Disposals (purchases) of premises and equipment (127) (147)
Net cash used in investing activities (2,567) (3,998)
Cash flows from financing activities:    
Net increase in deposits 8,127 5,800
Decrease in short term borrowings (17,000)  
Cash dividends paid   (577)
Common stock dividends reinvested   61
Net cash (used in) provided by financing activities (8,873) 5,284
Net (decrease) increase in cash and cash equivalents (11,796) 1,545
Cash and cash equivalents at beginning of period 24,464 15,241
Cash and cash equivalents at end of period 12,668 16,786
Supplemental Disclosures of Cash Flow Information:    
Interest paid on deposits and borrowings 2,285 1,983
Net decrease (increase) in unrealized depreciation on available for sale securities $ 1,620 $ (1,568)