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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 705 $ (807)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 636 638
Amortization of mortgage servicing rights 91 159
Net (accretion) amortization on securities (311) (182)
Provision (benefit) for credit losses 385 245
ESOP expense 182  
Increase in cash surrender value of life insurance (87) (85)
(Gain) loss on sales and disposal of assets 0 0
Federal Home Loan Bank stock dividends (60) (61)
Net gain on sales of available for sale securities (55) (89)
Deferred income taxes (benefit) 149 (229)
Net (increase) decrease in derivative instruments (101) (552)
Changes in other operating assets and liabilities 336 1,066
Loans held for sale:    
Originations (72,063) (80,935)
Proceeds from sale 80,746 73,898
Gain on sale of loans, net (3,340) (3,308)
Net change in fair value (177) (105)
Net cash provided by (used in) operating activities 7,036 (10,347)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of securities available for sale (12,160) (5,437)
Proceeds from maturities, prepayments, and sales of securities available for sale 11,048 4,694
Redemption of FHLB stock 1,191  
(Increase) decrease in loans held for investment, net (14,162) (24,095)
Purchases of premises and equipment (3,053) (1,172)
Net cash provided by (used in) investing activities (17,136) (26,010)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 22,703 3,386
Payments on other borrowings (12,000) (2,700)
Net change in advances by borrowers for taxes and insurance (873) (3,550)
Net cash provided by (used in) financing activities 9,830 (2,864)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (270) (39,221)
Cash and cash equivalents at beginning of period 98,845 87,108
Cash and cash equivalents at end of period 98,575 47,887
Supplemental Disclosures For Cash Flow Information:    
Cash paid for interest on deposits and borrowings 4,138 3,275
Loans transferred to other real estate owned $ 40 $ 1,897