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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net (loss) income $ (565) $ 2,621
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
ESOP expense 124 115
Stock based compensation 387 46
Depreciation and amortization 522 561
Net amortization of bond premium 1,009 699
Provision for loan losses   205
Gain on sale of loans (2) (130)
Securities losses (gains), net 747 (535)
Proceeds from loans sold 639 6,198
Origination of loans sold (637) (6,068)
Increase in bank-owned life insurance (100) (105)
Increase in deferred loan costs (799) (945)
Deferred tax (benefit) expense (296) 309
Increase in accrued interest receivable (489) (87)
Increase in other assets (1,483) (771)
Increase in deferred compensation liability 101 62
Increase in other liabilities 1,815 246
Net cash provided by operating activities 973 2,421
Cash flows from investing activities:    
Proceeds from sales, calls, maturities and principal payments received on securities available-for-sale 9,872 20,037
Purchase of securities available-for-sale (41,452) (57,339)
Purchase of property and equipment (103) (36)
Loan purchases (3,673) (16,022)
Loan originations and principal collections, net (21,392) 8,468
Net loan (charge offs) recoveries (9) 43
Net (purchase) redemption of Federal Home Loan Bank stock (1,814) 108
Proceeds from sales and maturities of interest bearing time deposits with other banks 498 1,243
Net cash used by investing activities (58,073) (43,498)
Cash flows from financing activities:    
Net (decrease) increase in NOW, demand deposits, money market and savings accounts (14,293) 56,204
Net increase in certificates of deposit 3,413 9,658
Increase (decrease) in mortgagors" tax escrow accounts 286 (768)
Treasury stock purchases (629) (515)
Net cash provided by financing activities 58,712 41,719
Net change in cash and cash equivalents 1,612 642
Cash and cash equivalents at beginning of year 6,638 5,996
Cash and cash equivalents at end of year 8,250 6,638
Cash activities:    
Cash paid for interest 1,685 1,282
Cash paid for income taxes 47 386
Effect of change in fair value of securities available-for-sale:    
Securities available-for-sale (15,089) (1,243)
Deferred taxes 4,086 337
Total unrealized loss on securities available-for-sale (11,003) (906)
Effect of change in fair value of interest rate swaps:    
Interest rate swaps 761 337
Deferred taxes (206) (91)
Other comprehensive income 555 246
ASU 2016-02 | Cumulative Effect, Period of Adoption, Adjustment    
Effect of the adoption of ASU 2016-02:    
Other assets 224  
Other liabilities 224  
Federal Home Loan Bank Advances [Member]    
Cash flows from financing activities:    
Net proceeds (payments) from short-term FHLB advances 71,729 (95)
Proceeds from long-term FHLB advances 468 15,430
Payments on long-term FHLB advances $ (2,262) (20,000)
FRB [Member]    
Cash flows from financing activities:    
Payments on short-term FHLB advances   $ (18,195)