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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 807 $ 430
Adjustments to reconcile net income to net cash from operating activities    
Provision for loan and lease losses 77 30
Net amortization of securities 269 218
Depreciation and amortization 216 218
Net realized loss on investment securities transactions 29  
Loss on sale of fixed assets 9  
Appreciation on bank-owned life insurance (49) (53)
ESOP compensation expense for allocated shares 111  
Deferred income tax 44 (59)
Net change in    
Accrued interest receivable (54) 199
Mortgage servicing rights   4
Other assets (11) 106
Accrued expenses and other liabilities 152 420
Net Cash from Operating Activities 1,600 1,513
Investing Activities    
Net change in interest bearing deposits in banks 7,536 (3,167)
Purchases (31,377) (3,056)
Sales 10,822 0
Maturities, prepayments and calls 2,180 2,197
Purchases   (12,291)
Maturities, prepayments and calls 3,552 8,245
Purchases of restricted investments (7) (7)
Loan originations and principal collections, net (10,238) (5,175)
Net decrease (increase) in net investment in direct financing leases 41 (73)
Purchases of premises and equipment (208) (124)
Net Cash used for Investing Activities (17,699) (13,451)
Financing Activities    
Net increase in deposits 13,652 51,353
Payments on long-term FHLB and other borrowings (1,037) (1,124)
Conversion costs related to the conversion   (748)
Net Cash from Financing Activities 12,615 49,481
Net Change in Cash and Cash Equivalents (3,484) 37,543
Cash and Cash Equivalents at Beginning of Period 21,915 8,073
Cash and Cash Equivalents at End of Period $ 18,431 $ 45,616