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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (76) $ 572
Adjustments to reconcile net (loss) income to net cash (used) provided by operating activities:    
Cumulative change in accounting principle (ASU 2016-13) 5  
ESOP expense 71 62
Stock based compensation 216 197
Depreciation and amortization 242 271
Net amortization of bond premium 490 487
Provision for credit losses 50 60
Gain on sale of loans   (2)
Securities gains, net   (52)
Gain on termination of interest rate swaps (849)  
Proceeds from loans sold   497
Origination of loans sold   (495)
Increase in bank-owned life insurance (40) (41)
Increase in deferred costs on loans (98) (511)
Deferred tax (benefit) expense (269) 130
Increase in accrued interest receivable (13) (147)
Decrease (increase) in other assets 777 (164)
Increase (decrease) in deferred compensation liability 140 (79)
(Decrease) increase in other liabilities (1,370) 2,137
Net cash (used) provided by operating activities (724) 2,922
Cash flows from investing activities:    
Proceeds from sales, maturities and principal payments received on securities available-for-sale 2,211 2,542
Purchase of securities available-for-sale (5,774) (27,617)
Purchase of property and equipment (249) (89)
Loan purchases (802) (2,816)
Loan originations and principal collections, net (13,932) (5,633)
Net loan charge offs (2) (6)
Net purchase of Federal Home Loan Bank stock (113) (996)
Proceeds from sales of interest bearing time deposits with other banks 747 249
Proceeds from termination of interest rate swaps 849  
Net cash used by investing activities (17,065) (34,366)
Cash flows from financing activities:    
Net decrease in NOW, demand deposits, money market and savings accounts (4,729) (1,865)
Net increase (decrease) in time deposits 11,307 (3,510)
(Decrease) increase in mortgagors' escrow accounts (74) 73
Proceeds from sale of common stock, net 25,622  
Common stock purchased by ESOP (2,244)  
Treasury stock purchases   (623)
Net cash provided by financing activities 16,182 28,863
Net change in cash and cash equivalents (1,607) (2,581)
Cash and cash equivalents at beginning of period 8,250 6,638
Cash and cash equivalents at end of period 6,643 4,057
Cash activities:    
Cash paid for interest 3,319 379
Cash paid for income taxes 21 38
Effect of change in fair value of securities available-for-sale:    
Securities available-for-sale 723 (12,618)
Deferred taxes (217) 3,417
Other comprehensive income (loss) 506 (9,201)
Effect of change in fair value of interest rate swaps:    
Interest rate swaps (961) 544
Deferred taxes 260 (147)
Other comprehensive (loss) income (701) 397
Cumulative fair value hedging adjustment - loans 278  
First Seacoast Bancorp, Inc [Member]    
Cash flows from financing activities:    
Return of capital from conversion of First Seacoast Bancorp, Inc. 100  
ASU 2016-13 | Cumulative Adjustment for Change in Accounting Principle [Member]    
Effect of the adoption of ASU    
Allowance for credit losses on loans (295)  
Other liabilities 290  
ASU 2016-02 | Cumulative Adjustment for Change in Accounting Principle [Member]    
Effect of the adoption of ASU    
Other assets   224
Other liabilities   224
Federal Home Loan Bank Advances [Member]    
Cash flows from financing activities:    
Net proceeds from short-term FHLB advances 1,200 37,050
Payments on long-term FHLB advances $ (15,000) $ (2,262)