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Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 1,716 $ 1,581
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 93 0
Depreciation 244 220
Net accretion of loan portfolio discount and amortization of deposit premium 24 183
Net amortization on securities available for sale 247 405
Loss on sales and impairments of foreclosed assets 0 2
Increase in cash surrender value of life insurance (209) (188)
ESOP compensation 277 257
Stock based compensation 365 300
Changes in operating assets and liabilities:    
Accrued interest receivable (88) 152
Loans held for sale 500 1,708
Other assets 197 246
Accrued interest payable 132 195
Other liabilities (329) (424)
Net cash provided by operating activities 3,169 4,637
Cash flows from investing activities:    
Proceeds from sales of available for sale securities 0 3
Maturities, calls, paydowns on available for sale securities 5,018 15,917
Purchases of available for sale securities (10,269) (2,655)
Net change in loans (6,242) 8,307
Purchases of premises and equipment (1,422) (107)
Purchase of life insurance 0 (2,500)
Proceeds from sale of foreclosed assets 0 122
Net cash provided by (used in) investing activities (12,915) 19,087
Cash flows from financing activities:    
Net change in deposits and advance payments (20,085) 24,975
Repayments of FHLB advances (6,500) (6,000)
Proceeds from FHLB advances 0 5,000
Repurchase of common stock (14,622) (9,076)
Net cash (used in) provided by financing activities (41,207) 14,899
Net change in cash and cash equivalents (50,953) 38,623
Cash and cash equivalents at beginning 67,002 41,479
Cash and cash equivalents at end 16,049 80,102
Supplemental Cash Flow Disclosures:    
Cash paid for interest 513 581
Cash paid for income taxes $ 507 $ 890