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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (113) $ 411
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 263 191
Federal Home Loan Bank stock dividends (2) (4)
Amortization of prepayment penalties on debt restructuring 90 90
Provision for (reversal of) loan losses (260) (286)
Net loss (gain) on disposals and sales of premises and equipment 77 (25)
Increase in cash surrender value of bank-owned life insurance (119) (45)
Stock-based compensation 142  
Depreciation of premises and equipment 237 202
Net writedowns and losses (gains) on the sale of foreclosed assets (25) 40
Deferred income tax expense (benefit) 51 (27)
(Increase) decrease in other assets (157) (544)
Increase (decrease) in other liabilities (133) 455
Net cash provided by operating activities 51 458
Activity in available-for-sale securities:    
Proceeds from maturities, calls, and paydowns 5,968 3,846
Purchases (7,703) (25,418)
Activity in held-to-maturity securities:    
Proceeds from maturities and calls   2,000
Net (increase) decrease in loans (1,803) 11,210
Proceeds from sale of foreclosed assets 29  
Purchases of premises and equipment (231) (1,258)
Proceeds from sale of premises and equipment   25
Purchase of bank-owned life insurance (10,000)  
Net cash used in investing activities (13,740) (9,595)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in deposits 1,940 12,979
Net cash provided by financing activities 1,940 12,979
NET CHANGE IN CASH AND CASH EQUIVALENTS (11,749) 3,842
CASH AND CASH EQUIVALENTS, beginning of period 40,884 25,245
CASH AND CASH EQUIVALENTS, end of period 29,135 29,087
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Acquisition of real estate in settlement of loans   215
SUPPLEMENTAL SCHEDULE OF INTEREST AND TAXES PAID    
Cash paid for interest 230 $ 432
Cash paid for income taxes $ 243