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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income (loss) $ 3,601,000 $ (3,346,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 884,000 7,429,000
Depreciation and amortization expense 2,059,000 2,047,000
Amortization expense of core deposit intangible 24,000 27,000
Amortization of fair value adjustment on acquired time deposits (8,000) (33,000)
Net amortization of investment securities 76,000 49,000
Net realized losses on investment securities - available for sale   922,000
Net amortization of deferred loan fees (132,000) (104,000)
Net gains on loans held for sale (174,000) (169,000)
Origination of mortgage loans held for sale (11,426,000) (9,210,000)
Sales of mortgage loans held for sale 11,270,000 9,308,000
Decrease (increase) in accrued interest receivable 43,000 (725,000)
(Decrease) increase in accrued interest payable (335,000) 3,069,000
Earnings on bank-owned life insurance (1,067,000) (1,047,000)
Deferred income taxes (34,000) (565,000)
Stock compensation expense 8,000 45,000
Net change in operating leases (169,000) (70,000)
Other, net (1,933,000) (1,339,000)
Net cash provided by operating activities 2,687,000 6,288,000
INVESTING ACTIVITIES    
Purchase of investment securities - available for sale (16,353,000) (21,255,000)
Purchase of investment securities - held to maturity (6,449,000) (7,970,000)
Proceeds from maturities of investment securities - available for sale 26,062,000 17,973,000
Proceeds from maturities of investment securities - held to maturity 6,490,000 5,770,000
Proceeds from sales of investment securities - available for sale 935,000 16,772,000
Purchase of regulatory stock (15,214,000) (19,672,000)
Proceeds from redemption of regulatory stock 15,665,000 20,216,000
Long-term loans originated (183,029,000) (200,770,000)
Principal collected on long-term loans 149,530,000 149,897,000
Purchases of premises and equipment (1,711,000) (1,381,000)
Proceeds from sale of other real estate owned and repossessed assets 264,000 39,000
Proceeds from life insurance policies 711,000 387,000
Net cash used in investing activities (23,099,000) (39,994,000)
FINANCING ACTIVITIES    
Net increase in deposit balances 42,643,000 49,856,000
Net decrease in other short-term borrowings (26,309,000) (47,690,000)
Principal borrowings on advances from Federal Home Loan Bank 28,703,000 42,365,000
Principal repayments on advances from Federal Home Loan Bank (17,207,000) (17,568,000)
Principal payments on financing lease liabilities (168,000) (228,000)
Stock options exercised   94,000
Purchases of treasury stock (1,511,000)  
Common stock dividend paid (2,020,000) (2,058,000)
Net cash provided by financing activities 24,131,000 24,771,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,719,000 (8,935,000)
CASH AND CASH EQUIVALENTS AT JANUARY 1 14,027,000 22,962,000
CASH AND CASH EQUIVALENTS AT DECEMBER 31 $ 17,746,000 $ 14,027,000