v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,694 $ 1,225
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 710 873
Purchased loans (accretion) amortization, net 36 (46)
Stock-based compensation expense 89 109
Decrease in deferred loan origination fees, net of amortization (146) (125)
Income from BOLI (247) (222)
Changes in certain other assets and liabilities:    
Prepaid expenses and other assets 126 195
Accrued interest receivable (380) 32
Accrued expenses and other liabilities 148 (2,738)
Net cash provided (used) by operating activities 2,030 (697)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan originations, net 137 5,172
Purchases of loans receivable (754) (10,570)
Principal repayments on investment securities available for sale 3,566 1,965
Purchases of investment securities available for sale (24,814)  
Principal repayments on investment securities held to maturity   5,497
Proceeds from sale of shares in trading asset - VISA stock 114 248
Purchases of premises and equipment and capitalized software (156) (76)
Purchase of FHLB stock, net   (1,174)
Proceeds from death benefit on BOLI   1,223
Net cash (used in) provided by investing activities (21,907) 2,285
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 7,417 (22,435)
Dividends paid (410) (420)
Proceeds from borrowings   237,400
Repayment of borrowings   (211,300)
Net decrease in advance payments by borrowers for taxes and insurance (40) (56)
Principal payments on finance lease liability (21) (19)
Repurchase of common stock (1,721)  
Net cash provided by financing activities 5,225 3,170
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (14,652) 4,758
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 116,866 29,414
CASH AND CASH EQUIVALENTS, END OF PERIOD 102,214 34,172
Cash paid during the period for:    
Interest paid 5,003 5,624
Income taxes paid, net of refunds 28 24
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 403 420
Net unrealized holding (losses) gains from available for sale investment securities (56) 1,412
Income tax effect related to other comprehensive (loss) income 14 (339)
Operating lease ROU assets obtained in exchange for operating lease liabilities   459
Conversion of shares in trading asset - VISA Stock $ 114 $ 248