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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 $ (148) $ 85
Adjustments to reconcile net (loss) income to net cash from operating activities:    
Net amortization of investment securities 145 221
Depreciation 600 654
Provision for loan losses 222 30
Net change in fair value of marketable equity securities 714 (222)
Net gain on sale of available-for-sale securities   (12)
Stock compensation expense 363 241
Adjustment to mortgage servicing rights valuation   (369)
(Benefit from) deferred income tax (171) (64)
Originations of mortgage loans held for sale (21,941) (121,562)
Proceeds from sales of mortgage loans held for sale 23,634 124,366
Net gain on sale of mortgage loans held for sale (310) (1,503)
ESOP compensation 200 246
Net change in cash value of life insurance (424) (407)
Changes in operating assets and liabilities:    
Net change in mortgage servicing rights 176 139
Accrued interest receivable and other assets (520) (174)
Accrued interest payable and other liabilities 45 1,108
Net cash provided by operating activities 2,585 2,777
Cash Flows From Investing Activities    
Proceeds from sales of available-for-sale securities 0 1,018
Maturities, prepayments and calls of available-for-sale securities 19,006 12,442
Purchase of available-for-sale securities (37,138) (68,770)
Purchase of marketable equity securities (94) (330)
Net (increase) decrease in loans (36,331) 5,254
Net capital expenditures for premises and equipment (187) (243)
Net increase in Federal Home Loan Bank stock (397)  
Cash Received In MHC Merger   100
Net cash used in investing activities (55,141) (50,529)
Cash flows from financing activities    
Net increase in deposits 3,220 4,653
Net (decrease) in advance payments by borrowers for taxes and insurance (831) (877)
Proceeds from the issuance of Federal Home Loan Bank advances 37,000  
Principal payments on Federal Home Loan Bank advances (20,978) (12,956)
Gross proceeds from stock offering   35,418
Stock offering costs   (1,988)
Reimbursement of stock offering costs 2  
Repurchase of common stock for cancellation (3,173)  
Purchase of treasury stock   (151)
Purchases of ESOP shares (1,062) (2,041)
Retirement of common stock (81) (69)
Sale of treasury stock by Rabbi Trust   10
Stock options exercised   30
Net cash provided by financing activities 14,097 22,029
Net (decrease) in cash and cash equivalents (38,459) (25,723)
Cash and cash equivalents at beginning of year 66,803 92,526
Cash and cash equivalents at end of year 28,344 66,803
Supplemental cash flow information:    
Cash paid during the year for interest 1,809 1,610
Cash received during the year for income taxes   (196)
Noncash activities:    
Loans transferred to loans held for sale 325 10,322
Lease liabilities arising from obtaining right-of-use assets $ 528  
Issuance of treasury stock – stock compensation plans   15
Retirement of treasury stock   $ 1,053