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 income from continuing operations $ 1,191 $ 2,399
Net loss from discontinued operations (1,142) (815)
Net income (loss) 49 1,584
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,380 1,177
Amortization of mortgage servicing rights 207 194
Net (accretion) amortization on securities (2,137) (692)
Provision (benefit) for credit losses 965 838
ESOP expense 434 356
Increase in cash surrender value of life insurance (170) (174)
Loss on sales and disposal of assets 42 88
Federal Home Loan Bank stock dividends (87) (113)
Net gain on sales of available for sale securities (162) (163)
Gain on life insurance proceeds (1,168)  
Deferred income taxes (benefit) (313) 282
Stock-based compensation 977  
Changes in other operating assets and liabilities 1,100 2,659
Net cash provided by (used in) operating activities of continuing operations 1,117 6,036
Net cash provided by (used in) operating activities of discontinued operations 26,489 (537)
Net cash provided by (used in) operating activities 27,606 5,499
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of securities available for sale (44,616) (34,773)
Proceeds from maturities, prepayments, and sales of securities available for sale 29,511 24,499
Purchase of FHLB stock (1,658)  
Redemption of FHLB stock   1,191
(Increase) decrease in loans held for investment, net (4,039) (21,742)
Bank owned life insurance proceeds 2,515  
Purchases of premises and equipment (201) (4,745)
Proceeds from sale of Company owned assets or other real estate owned 611 598
Net cash provided by (used in) investing activities (17,877) (34,972)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (30,428) 24,588
Proceeds from other borrowings 55,300 30,000
Payments on other borrowings (22,371) (37,000)
Net change in advances by borrowers for taxes and insurance 289 (873)
Common stock repurchased (27,579)  
Net cash provided by (used in) financing activities (24,789) 16,715
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (15,060) (12,758)
Cash and cash equivalents at beginning of period 60,269 98,845
Cash and cash equivalents at end of period 45,209 86,087
Supplemental Disclosures For Cash Flow Information:    
Cash paid for interest on deposits and borrowings 9,239 8,523
Loans transferred to other real estate owned $ 2,032 $ 1,024