v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net Income $ 771,000 $ 3,204,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Gain on Insurance Proceeds   (3,469,000)
Gain on Sale of Real Estate Owned (2,000) (14,000)
Depreciation 328,000 337,000
Net Amortization (Accretion) of Deferred Loan Costs 5,000 (45,000)
Net Amortization on Investment Securities 20,000 78,000
Federal Home Loan Bank Stock Dividend (11,000) (13,000)
Deferred Tax Benefit (3,000) (262,000)
Increase in Cash Surrender Value on Bank Owned Life Insurance (143,000) (176,000)
ESOP Compensation Expense 168,000 138,000
Stock-Based Compensation 311,000  
Changes in Operating Assets and Liabilities    
Accrued Interest Receivable (275,000) (247,000)
Other Assets 425,000 575,000
Other Liabilities 305,000 1,147,000
Net Cash Provided by Operating Activities 1,899,000 1,253,000
Proceeds from Sale or Maturities of Investment Securities    
Available-for-Sale 8,353,000 7,350,000
Purchases of Investment Securities Available-for-Sale (3,893,000) (12,514,000)
Increase in Loans Receivable, Net (17,016,000) (12,359,000)
Proceeds from Sale of Real Estate Owned 44,000 144,000
Purchases of Premises and Equipment (567,000) (239,000)
Net Cash Used in Investing Activities (13,079,000) (17,618,000)
Cash Flows from Financing Activities    
Increase (Decrease) in Deposits, Net (1,556,000) 6,767,000
Decrease in Advances by Borrowers for Taxes, Insurance and Repairs (245,000) (624,000)
Repurchase of Common Stock (1,710,000)  
Net Cash Provided by (Used in) Financing Activities (3,511,000) 6,143,000
Net Decrease in Cash and Cash Equivalents (14,691,000) (10,222,000)
Cash and Cash Equivalents, Beginning of Period 33,852,000 37,916,000
Cash and Cash Equivalents, End of Period 19,161,000 27,694,000
Supplemental Disclosures of Cash Flow Information    
Cash Paid During the Period for Interest 4,401,000 4,627,000
Non-Cash Investing and Financing Activities    
Real Estate Owned Acquired Through Foreclosure $ 45,000 $ 130,000