v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 2,298 $ (1,946)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for credit losses 1,681 1,460
Depreciation and amortization 217 206
Loss on disposal of office properties and equipment 77 0
Net change of deferred loan origination costs 306 229
Net accretion of premiums and discounts on available-for-sale securities (311) (114)
Accretion of purchase accounting marks on loans (95) (151)
Amortization of core deposit intangible 152 158
ESOP compensation expense 146 99
Earnings on bank owned life insurance (516) (22)
Change in assets and liabilities:    
Net change in deferred taxes 13 (838)
Net change in accrued interest receivable (747) (108)
Net change in other assets 3,271 417
Net change in accrued expenses and other liabilities (1,597) (1,105)
Net cash provided by (used in) operating activities 5,176 (1,337)
Cash flows from investing activities:    
Net change in loans receivable held for investment (111,891) 21,298
Principal payments on and maturities of available-for-sale securities 28,868 51,390
Purchases of available-for-sale securities (100,867) (21,648)
Purchase of FHLB stock (14,171) (6,484)
Proceeds from redemption of FHLB stock 13,124 12,360
Purchase of office properties and equipment (344) (28)
Net cash (used in) provided by investing activities (185,281) 56,888
Cash flows from financing activities:    
Net change in deposits 197,048 53,523
Net change in securities sold under agreements to repurchase 1,155 (2,824)
City First Bank Fund Manager II distribution (200) 0
Dividends paid on ECIP preferred stock (1,500) (1,500)
Proceeds from secured borrowings 0 2,288
Repayments of secured borrowings 0 (3,357)
Proceeds from FHLB borrowings 449,250 376,500
Repayments of FHLB borrowings (427,250) (512,032)
Net cash provided by (used in) financing activities 218,503 (87,402)
Net change in cash and cash equivalents 38,398 (31,851)
Cash and cash equivalents at beginning of the period 10,507 61,365
Cash and cash equivalents at end of the period 48,905 29,514
Supplemental disclosures of cash flow information:    
Cash paid for interest 15,433 12,729
Cash paid for income taxes 173 0
Directors [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Director compensation expense-common stock 168 168
Employees, Excluding Directors [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Director compensation expense-common stock $ 113 $ 210