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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 $ 2,081 $ 1,710
Adjustments to reconcile net income to net cash (used in) from operating activities    
(Recovery of) provision for credit losses - loans (261) 61
Recovery of credit losses - unfunded commitments (35) (49)
Depreciation and amortization (accretion) (2,206) 418
Net change in net deferred loan origination costs 5 92
Loss on disposal of premises and equipment 5 75
Loss on sale of foreclosed assets 0 9
(Earnings) loss on bank-owned life insurance (4) 87
Gain on redemption of Subordinated notes [1] (42) (107)
Net change in:    
Accrued interest receivable 1,074 (167)
Other assets 439 499
Accrued interest payable and other liabilities (1,673) (2,619)
Net cash (used in) from operating activities (617) 9
Cash flows from (used in) investing activities    
Proceeds from maturities of interest-bearing time deposits in other financial institutions 5,452 496
Purchases of interest-bearing time deposits in other financial institutions (5,158) (10,163)
Proceeds from maturities 193,400 43,330
Proceeds from principal repayments 155 122
Purchases of securities (187,056) (124,985)
Net change in loans receivable 46,720 42,565
Proceeds from sale of foreclosed assets 106 485
Proceeds from sale of premises and equipment 0 536
Purchase of premises and equipment, net (104) (243)
Net cash from (used in) investing activities 53,515 (47,857)
Cash flows from (used in) financing activities    
Deposits 15,390 (2,337)
Advance payments by borrowers for taxes and insurance (2,004) (1,982)
Repayments of Federal Home Loan Bank advances (5,000) 0
Repurchase of Subordinated notes (464) (906)
Repurchase and retirement of common stock 0 (156)
Cash dividends paid on common stock (1,246) (1,247)
Net cash from (used in) financing activities 6,676 (6,628)
Net change in cash and cash equivalents 59,574 (54,476)
Beginning cash and cash equivalents 84,829 178,484
Ending cash and cash equivalents 144,403 124,008
Supplemental disclosures of cash flow information:    
Interest paid 4,622 4,600
Income taxes paid 1 1
Loans transferred to foreclosed assets 52 49
Due from broker $ 0 $ 250
[1] Not within the scope of ASC 606