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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net earnings $ 6,283 $ 4,023
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Credit loss expense 4,047 3,466
Depreciation and amortization 227 231
Deferred income taxes 821 1,369
Net accretion of fees, premiums and discounts (4) (271)
Stock-based compensation expense 490 372
Increase in accrued interest receivable (1,030) (473)
Amortization of right-of-use asset 333 338
Net decrease in operating lease liabilities (299) (323)
(increase) decrease in other assets (4,925) 196
Increase in other liabilities 939 1,432
Net cash provided by operating activities 6,882 10,360
Cash flows from investing activities:    
Principal repayments of debt securities available for sale 1,430 2,127
Principal repayments of debt securities held-to-maturity 184 509
Net increase in loans (197,853) (232,309)
Purchases of premises and equipment (668) (322)
(Purchase) redemption of FHLB stock (2,754) 193
Net cash used in investing activities (199,661) (229,802)
Cash flows from financing activities:    
Net increase in deposits 131,682 215,442
Net decrease in FHLB Advances 52,000 (8,000)
Net increase in FRB Advances 13,600
Proceeds from sale of preferred stock 15,000
Proceeds from sale of common stock 324 9,866
Net cash provided by financing activities 197,606 232,308
Net increase in cash and cash equivalents 4,827 12,866
Cash and cash equivalents at beginning of the year 71,836 58,970
Cash and cash equivalents at end of the year 76,663 71,836
Cash paid during the year for:    
Interest 11,799 3,929
Income taxes 1,070
Noncash transactions:    
Change in accumulated other comprehensive income (loss), net change in unrealized loss on debt securities available for sale, net of income taxes 506 (5,207)
Amortization of unrealized loss on debt securities transferred to held-to-maturity 5 16
Reduction stockholders’ equity due to adoption of Topic 326, net (181)
Right-of use lease assets obtained in exchange for operating lease liabilities $ 375 $ 720