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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 income $ 180 $ 1,915
Adjustments to reconcile net income to net cash provided by operating activities:    
Investment securities amortization, net 461 409
Federal Home Loan Bank stock dividends (15) (5)
Amortization of prepayment penalties on debt restructuring 180 180
Provision for (reversal of) loan losses (375) (660)
Net loss (gain) on disposals and sales of premises and equipment 77 (25)
Increase in cash surrender value of bank-owned life insurance (314) (90)
Stock-based compensation 472 73
Depreciation of premises and equipment 448 424
Net write-downs and losses (gains) on the sale of foreclosed assets (8) 73
Deferred income tax expense (benefit) (9) 152
(Increase) decrease in other assets (23) 313
Increase (decrease) in other liabilities (302) 669
Net cash provided by operating activities 772 3,428
Activity in available-for-sale securities:    
Proceeds from maturities, calls, and paydowns 10,884 8,554
Purchases (13,207) (77,545)
Activity in held-to-maturity securities:    
Proceeds from maturities and calls   4,000
Net (increase) decrease in loans (1,607) 19,673
Proceeds from sale of foreclosed assets 39 216
Purchases of premises and equipment (252) (1,512)
Proceeds from sale of premises and equipment   25
Purchase of bank-owned life insurance (10,000)  
Net cash used in investing activities (14,143) (46,589)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits (11,701) 12,197
Purchase of stock to fund the 2022 Recognition and Retention Plan (2,340)  
Proceeds from the issuance of common stock, net of costs   50,835
Purchase of stock for ESOP   (4,232)
Net cash provided by (used in) financing activities (14,041) 58,800
NET CHANGE IN CASH AND CASH EQUIVALENTS (27,412) 15,639
CASH AND CASH EQUIVALENTS, beginning of period 40,884 25,245
CASH AND CASH EQUIVALENTS, end of period 13,472 40,884
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES    
Loans originated to facilitate the sale of real estate owned   82
Acquisition of real estate in settlement of loans 10 215
SUPPLEMENTAL SCHEDULE OF INTEREST AND TAXES PAID    
Cash paid for interest 496 634
Cash paid for income taxes $ 243 $ 82