v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (243,000) $ (586,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 150,000 152,000
Securities amortization and accretion, net 209,000 242,000
Loans originated for sale (31,334,000) (38,366,000)
Proceeds from sales of loans held for sale 40,582,000 38,595,000
Gain on sale of mortgage loans (841,000) (696,000)
(Reversal of) provision for credit losses (25,000) 20,000
Earnings on bank owned life insurance (1,041,000) (113,000)
ESOP expense 138,000 127,000
Stock based compensation 588,000 332,000
Change in deferred income taxes (88,000) 628,000
Net change in accrued interest receivable and other assets 134,000 (434,000)
Net change in accrued expenses and other liabilities 219,000 (1,922,000)
Net cash provided by (used in) operating activities 8,448,000 (2,021,000)
Cash flows from investing activities:    
Net change in portfolio loans (3,177,000) (5,222,000)
Principal repayments on mortgage-backed securities 3,495,000 2,545,000
Maturities and calls of securities available for sale 80,000 1,080,000
Purchase of Federal Home Loan Bank stock 0 (20,000)
Net change in time deposits with other financial institutions 498,000 0
Proceeds from bank owned life insurance death benefit 1,395,000 0
Purchases of premises and equipment, net (37,000) (93,000)
Net cash provided by (used in) investing activities 2,254,000 (1,710,000)
Cash flows from financing activities:    
Net change in deposits 2,606,000 2,804,000
Net change in escrow deposits 288,000 42,000
Repayment of FHLB Advance 0 (5,000,000)
Purchase of treasury stock from taxes withheld on stock awards (116,000) (108,000)
Net cash provided by (used in) financing activities 2,778,000 (2,262,000)
Net change in cash and cash equivalents 13,480,000 (5,993,000)
Cash and cash equivalents at beginning of period 34,042,000 53,481,000
Cash and cash equivalents at end of period 47,522,000 47,488,000
Supplemental disclosures of cash flow information:    
Cash paid during the period for interest 1,454,000 1,877,000
Loans transferred to held for sale from portfolio, net $ 5,317,000 $ 2,744,000