v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (429,000) $ (4,573,000)
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization of fixed assets 918,000 951,000
Amortization of core deposit intangible 0 2,000
Amortization and accretion of premiums and discounts on investments, net 76,000 87,000
Accretion of deferred loan fees and purchased premiums, net (2,139,000) (1,327,000)
Amortization of debt issuance costs 51,000 54,000
Amortization of ROU asset 791,000 1,507,000
Change in fair value of sold loan servicing rights 246,000 201,000
Additions to servicing rights on sold loans, net (8,000) (13,000)
Provision for credit losses on loans 182,000 6,854,000
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) 95,000 (102,000)
Allocation of ESOP shares 406,000 359,000
Share-based compensation expense 470,000 536,000
Gain on sale of loans, net (189,000) (16,000)
Gain on sale of real estate owned (63,000) 0
Fair value adjustment on real estate owned 105,000 0
Gain on extinguishment of subordinated debt 0 (848,000)
Increase in BOLI cash surrender value, net (1,380,000) (1,396,000)
Income from BOLI death benefit, net 0 (1,059,000)
Origination of loans held for sale (16,730,000) (17,511,000)
Proceeds from sale of loans held for sale 17,682,000 17,245,000
Change in assets and liabilities:    
Increase in accrued interest receivable (1,699,000) (1,000)
Increase in prepaid expenses and other assets (7,199,000) (1,553,000)
Decrease in accrued interest payable (1,078,000) (2,150,000)
Decrease in lease liabilities (641,000) (1,464,000)
Increase (decrease) in accrued expenses and other liabilities 6,084,000 (8,952,000)
Net cash used by operating activities (4,449,000) (13,169,000)
Cash flows from investing activities:    
Purchase of securities available for sale (83,242,000) (5,534,000)
Proceeds from maturities, calls, and principal repayments of securities available for sale 30,689,000 71,165,000
(Purchase) redemption of FHLB stock (106,000) 3,579,000
Early surrender of BOLI policies 0 9,375,000
Purchase of BOLI policies 0 (9,109,000)
Proceeds from BOLI death benefit 0 1,968,000
Purchase of loans (71,808,000) (61,081,000)
Decrease in loans receivable, net 108,262,000 120,138,000
Net (purchase) sale of premises and equipment (1,724,000) 390,000
Capital contributions to partnership investments (391,000) (720,000)
Redemption of partnership investment 475,000 0
Capital disbursements received from partnership investments 698,000 572,000
Capital contributions to low-income housing tax credit partnerships (579,000) 0
Redemption of historic tax credit partnerships 112,000 0
Proceeds from sale of real estate owned 582,000 0
Net cash (used) provided by investing activities (17,032,000) 130,743,000
Cash flows from financing activities:    
Net increase (decrease) in deposits 35,307,000 (34,699,000)
Proceeds from long-term FHLB advances 0 30,000,000
Repayment of long-term FHLB advances (65,000,000) (20,000,000)
Net increase (decrease) in short-term FHLB advances 68,500,000 (90,000,000)
Redemption of subordinated debt, net 0 (4,095,000)
Net increase in line of credit 0 8,500,000
Net increase in advances from borrowers for taxes and insurance 1,292,000 872,000
Payment of dividends 0 (1,317,000)
Restricted stock awards canceled (110,000) (113,000)
Net cash provided (used) by financing activities 39,989,000 (110,852,000)
Net increase in cash and cash equivalents 18,508,000 6,722,000
Cash and cash equivalents at beginning of period 85,117,000 72,448,000
Cash and cash equivalents at end of period 103,625,000 79,170,000
Supplemental disclosures of cash flow information:    
Cash paid for interest on deposits and borrowings 34,524,000 40,463,000
Cash paid for income taxes 0 10,000
Supplemental disclosures of noncash investing activities:    
Change in unrealized (loss) gain on securities available for sale (12,598,000) 7,984,000
Change in unrealized gain (loss) on fair value hedge 1,179,000 (783,000)
Amortization of unrecognized DB plan prior service cost 112,000 112,000
Loan principal transferred from held-for-investment to held-for-sale 0 1,400,000
Loan principal transferred to real estate owned and repossessed assets, net 345,000 1,377,000
Lease liabilities arising from obtaining right-of-use assets 170,000 1,264,000
Series A equity investment acquired upon conversion of commercial business loan $ 0 $ 1,260,000