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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating Activities      
Net income $ 285 $ 276  
Items not requiring (providing) cash      
Depreciation 34 40  
Provision for credit losses 56 26  
Amortization of premiums and discounts on debt securities 14 62  
Deferred income taxes 6 (8)  
Change in fair value of equity securities 1 (23)  
Net realized (gain) loss on loan sales (2) (2)  
Earnings on cash surrender value of life insurance (26) (24)  
ESOP compensation expense 15 13 $ 53
Interest receivable 21 13  
Other assets 60 139  
Interest payable and other liabilities 104 (29)  
Net cash provided by operating activities 568 483  
Investing Activities      
Purchases of available-for-sale debt securities (3,481) (7,483)  
Proceeds from maturities of available-for-sale debt securities 2,255 1,745  
Proceeds from maturities of held-to-maturity debt securities 246    
Net change in loans (3,345) (536)  
Purchase of premises and equipment (15) (68)  
Net cash (used in) provided by investing activities (4,340) (6,342)  
Financing Activities      
Net increase (decrease) in demand deposits, money market, NOW and savings accounts 3,839 (13)  
Net increase in certificates of deposit 2,678 3,833  
Purchase of treasury stock (206)    
Net cash provided by (used in) financing activities 6,311 3,820  
Increase (Decrease) in Cash and Cash Equivalents 2,539 (2,039)  
Cash and Cash Equivalents, Beginning of Year 16,256 20,202 20,202
Cash and Cash Equivalents, End of Year 18,795 18,163 $ 16,256
Supplemental Cash Flows Information      
Interest paid $ 809 648  
Income taxes paid (refunded)   $ 155