v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (134) $ (66)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 22 29
ESOP expense 13 11
Stock based compensation 28 0
FHLB stock dividends (7) (8)
Net change in:    
Deferred taxes 0 (16)
Accrued interest receivable and other assets 173 67
Accrued expenses and other liabilities 36 (74)
Net cash provided by (used in) operating activities 131 (57)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Decrease (increase) in loans receivable, net 647 (326)
Purchases of property and equipment (1) 0
Net cash provided by (used in) investing activities 646 (326)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Decrease in deposits, net (1,528) (4,251)
Refund of stock subscriptions 0 (1,428)
Proceeds from stock conversion deposited 0 187
Increase in advances by borrowers for insurance and taxes 142 241
Payments to repurchase common stock (17) 0
Stock issuance costs paid 0 (145)
Net cash used in financing activities (1,403) (5,396)
Net change in cash and cash equivalents (626) (5,779)
Cash and cash equivalents, beginning of period 4,513 9,940
Cash and cash equivalents, end of period 3,887 4,161
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:    
Cash paid during the period for interest 99 144
Proceeds from stock issuance, net of offering costs $ 0 $ 6,887