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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 $ 8,045 $ 13,564
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 1,071 (2,119)
Depreciation 1,219 1,068
Amortization of premiums, net 993 1,035
Amortization of deferred loan fees (813) (2,564)
Amortization of purchased asset fair value adjustments (18) (23)
Amortization of mortgage servicing rights 909 1,168
Capitalized mortgage servicing rights (615) (1,405)
Deferred income tax expense 103 612
Loss (gains) recognized on equity securities, net 22 (99)
Gains on sale of premises (6) (15)
Gains on sale of real estate owned, net (113) (1,492)
Gain on sales of loans [1] (2,393) (6,566)
Proceeds from sales of loans held for sale 92,669 193,078
Disbursements on loans held for sale (71,062) (172,779)
Amortization of restricted stock awards 227 243
Amortization of unearned ESOP shares 193 194
Earned ESOP shares priced above original cost 271 239
(Increase) decrease in accrued interest receivable (871) 970
Increase (decrease) in accrued interest payable 235 (77)
Decrease in other assets 1,346 1,503
Decrease in other liabilities (115) (2,307)
Other, net 4 28
Net cash provided by operating activities 31,311 24,303
Cash flows from investing activities:    
Principal collected on securities available for sale 44,698 40,353
Proceeds collected on maturity of securities available for sale 5,000 30,762
Purchases of securities available for sale (35,043) (213,803)
Purchase of Federal Home Loan Bank stock (6,819) (159)
Redemption of Federal Home Loan Bank stock 6,628 0
Proceeds from sales of real estate 403 2,128
Net increase in loans receivable (139,715) (18,429)
Proceeds from sale of premises 9 17
Purchases of premises and equipment (342) (8,309)
Net cash used by investing activities (125,181) (167,440)
Cash flows from financing activities:    
Increase in deposits 31,260 155,462
Treasury stock purchased (2,134) (4,589)
Stock awards withheld for tax withholding (70) (7)
Dividends to stockholders (1,049) 0
Proceeds from borrowings 158,900 1
Repayment of borrowings (158,900) (1)
Increase in customer escrows 7,979 145
Net cash provided by financing activities 35,986 151,011
(Decrease) increase in cash and cash equivalents (57,884) 7,874
Cash and cash equivalents, beginning of year 94,143 86,269
Cash and cash equivalents, end of year 36,259 94,143
Supplemental cash flow disclosures:    
Cash paid for interest 1,764 1,630
Cash paid for income taxes 2,000 6,628
Supplemental noncash flow disclosures:    
Loans transferred to loans held for sale 14,899 12,971
Transfer of loans to real estate owned, net 0 290
Right to use assets obtained in exchange for lease obligations 394 99
Termination of lease right of use assets and lease obligations 0 2,273
Core Deposits [Member]    
Adjustments to reconcile net income to cash provided by operating activities:    
Amortization of core deposit intangible $ 10 $ 47
[1] Not within the scope of ASC 606.