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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 895,000 $ (987,000)
Adjustments to reconcile net income (loss) to net cash used by operating activities:    
Cumulative change in accounting principle (ASU 2016-13)   5,000
ESOP expense 103,000 99,000
Stock based compensation 492,000 386,000
Depreciation and amortization 299,000 364,000
Net amortization of bond premium 431,000 712,000
Provision (release) for credit losses (20,000) 170,000
Gain on sale of loans (20,000)  
(Gain) loss on sale of land, building and equipment (2,522,000) 2,000
Gain on termination of interest rate swaps   (849,000)
Proceeds from loans sold 406,000  
Origination of loans sold (386,000)  
Increase in bank-owned life insurance (86,000) (81,000)
Increase in deferred costs on loans (115,000) (231,000)
Deferred tax benefit (353,000) (720,000)
Increase in accrued interest receivable (57,000) (142,000)
(Increase) decrease in other assets (6,538,000) 794,000
Increase in deferred compensation liability 294,000 160,000
Increase in lease liabilities 5,132,000  
Increase (decrease) in other liabilities 863,000 (99,000)
Net cash (used) provided by operating activities (1,182,000) (417,000)
Cash flows from investing activities:    
Proceeds from sales, maturities and principal payments received on securities available-for-sale 8,055,000 3,661,000
Purchase of securities available-for-sale (18,107,000) (6,754,000)
Purchase of property and equipment (204,000) (323,000)
Loan purchases (1,774,000) (1,221,000)
Loan originations and principal collections, net (5,938,000) (23,975,000)
Net loan charge offs (25,000) (2,000)
Net redemption of Federal Home Loan Bank stock 488,000 1,530,000
Proceeds from sales of interest bearing time deposits with other banks   747,000
Proceeds from sale of land, building and equipment 7,395,000  
Proceeds from termination of interest rate swaps   849,000
Net cash used by investing activities (10,110,000) (25,488,000)
Cash flows from financing activities:    
Net increase in NOW, demand deposits, money market and savings accounts 6,193,000 6,404,000
Net increase in time deposits 36,695,000 23,018,000
Increase in mortgagors' escrow accounts 1,356,000 1,443,000
Proceeds of finance lease 1,539,000  
Principal payments on finance lease (16,000)  
Proceeds from sale of common stock, net   25,622,000
Common stock purchased by ESOP   (2,244,000)
Treasury stock purchases (3,288,000)  
Proceeds from long-term FHLB advances 25,401,000  
Net payments on short-term FHLB advances (20,340,000) (39,520,000)
Net cash provided by financing activities 21,740,000 24,823,000
Net change in cash and cash equivalents 10,448,000 (1,082,000)
Cash and cash equivalents at beginning of period 6,069,000 8,250,000
Cash and cash equivalents at end of period 16,517,000 7,168,000
Cash activities:    
Cash paid for interest 9,148,000 5,633,000
Cash paid for income taxes 29,000 41,000
Effect of change in fair value of securities available-for-sale:    
Securities available-for-sale 1,478,000 (5,929,000)
Deferred taxes (398,000) 1,574,000
Other comprehensive income (loss) 1,080,000 (4,355,000)
Effect of change in fair value of interest rate swaps:    
Interest rate swaps (152,000) (961,000)
Deferred taxes 41,000 260,000
Other comprehensive (loss) income (111,000) (701,000)
Cumulative fair value hedging adjustment - loans 156,000 447,000
Cumulative fair value hedging adjustment - securities available-for-sale 52,000  
Effect of the adoption of ASU    
Allowance for credit losses on loans   (295,000)
Other liabilities   290,000
First Seacoast Bancorp, Inc [Member]    
Cash flows from financing activities:    
Return of capital from conversion of First Seacoast Bancorp, Inc.   100,000
Federal Home Loan Bank Advances [Member]    
Cash flows from financing activities:    
Payments on long-term FHLB advances $ (25,800,000) (15,000,000)
Federal Reserve Bank Advances [Member]    
Cash flows from financing activities:    
Proceeds from advances from Federal Reserve Bank   $ 25,000,000