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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities    
Net (loss) income $ (8,620) $ 4,395
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization and accretion of premiums and discounts on investments, net 45 281
Net realized loss on sales of securities 16,041  
Net realized gain on sale of other real estate owned (4)  
Provision for credit losses 2,800 1,702
Loans originated for sale (6,757) (5,420)
Proceeds from sale of loans 7,825 4,877
Net gain on sale of loans (160) (118)
Amortization of intangible assets 80 88
Depreciation and amortization 1,343 1,404
Write-down on branch held for sale   375
Net loss (gain) from disposal of premises and equipment 18 (46)
Deferred income tax benefit (2,581) (352)
Increase in cash surrender value of insurance (751) (665)
Gain on life insurance (413) (221)
Net decrease in accrued interest receivable 181 (361)
Expense of earned ESOP shares 186 162
Share-based compensation expense 19 396
Net increase in other assets (4,280) (1,398)
Net increase in accrued expenses and other liabilities 3,498 1,949
Net cash provided by operating activities 8,470 7,048
Cash Flows from Investing Activities    
Proceeds from sales of securities 74,987  
Proceeds from maturities and principal repayments of securities 32,137 34,069
Purchases of securities (71,429)  
Net purchases of FHLB Stock 2,554 (3,256)
Net decrease (increase) in loans 33,364 (16,157)
Purchases of bank owned life insurance (23) (23)
Purchases of bank premises and equipment (791) (578)
Proceeds from disposal of premises and equipment 2,892  
Net proceeds from life insurance 1,025 672
Proceeds from sale of other real estate owned 29 (25)
Net cash provided by investing activities 74,745 14,702
Cash Flows from Financing Activities    
Net decrease in demand deposits, NOW, money market and savings accounts (29,313) (201,094)
Net increase in time deposits 19,593 101,664
Net increase (decrease) in mortgagors' escrow accounts 151 (458)
Net (decrease) increase. in short-term debt (33,550) 28,727
Net (decrease) increase in long-term debt (24,741) 41,614
Stock repurchase   (1,458)
Net cash used in financing activities (67,860) (31,005)
Net increase (decrease) in cash and cash equivalents 15,355 (9,255)
Cash and Cash Equivalents    
Beginning balance 22,129 31,384
Ending balance 37,484 22,129
Supplemental Disclosures of Cash Flow Information    
Interest 26,078 21,976
Income taxes $ 874 $ 1,501