XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net (Loss) Income $ (14) $ 80
Adjustments to Reconcile Net (Loss) Income to Net Cash Provided by Operating Activities:    
Provision for Loan Losses   8
Depreciation Expense 9 10
Amortization of FHLB Advance Prepayment Penalty 7 6
Net (Accretion) Amortization of Discount/Premium on Mortgage-Backed Securities (2) 9
Stock Dividend on Federal Home Loan Bank Stock (2) (2)
Non-cash Compensation for ESOP 20 15
Net (Increase) Decrease in Loans Held-for-Sale (802) 1,815
Changes in Assets and Liabilities:    
Decrease (Increase) in Accrued Interest Receivable 27 (9)
(Increase) in CSV of Life Insurance (21) (22)
(Increase) Decrease in Prepaid Expenses and Other Assets (10) 52
Increase (Decrease) in Accrued Expenses and Other Liabilities 866 (88)
Net Cash Provided by Operating Activities 78 1,874
Cash Flows from Investing Activities:    
Net (Increase) in Loans (839) (6,269)
Proceeds from Maturities of Interest-Bearing Deposits in Banks 3,995 6,741
Purchases of Interest-Bearing Deposits in Banks (3,739) (750)
Proceeds from Sales, Calls and Principal Repayments of Investment Securities 600 218
Net Cash Provided by (Used in) Investing Activities 17 (60)
Cash Flows from Financing Activities:    
Net (Decrease) Increase in Deposits (1,058) 3,029
Shares Repurchased (1,772) (280)
Net (Decrease) in Advance Payments by Borrowers for Taxes and Insurance (826) (676)
Net Cash (Used in) Provided by Financing Activities (3,656) 2,073
Net (Decrease) Increase in Cash and Cash Equivalents (3,561) 3,887
Cash and Cash Equivalents at Beginning of Period 7,316 3,952
Cash and Cash Equivalents at End of Period 3,755 7,839
Cash Paid for:    
Interest 277 316
Supplemental Schedule for Noncash Investing and Financing Activities:    
Change in the Unrealized Gain/Loss on Investment Securities $ (139) $ (5)