|
FY2025
12 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
|
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | ||
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation | ||
| Deferred tax provision (benefit) | ||
| ESOP expense | ||
| FHLB stock dividends | ||
| Net change in: | ||
| Deferred taxes | ||
| Accrued interest receivable and other assets | ||
| Accrued interest payable | ||
| Accrued expenses and other liabilities | ||
| Net cash used in operating activities | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| (Increase) decrease in loans receivable, net | ||
| Purchases of property and equipment | ||
| Net cash provided by (used in) investing activities | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Decrease in deposits, net | ||
| Refund of stock subscriptions | ||
| Proceeds from stock conversion deposited | ||
| Increase in advances by borrowers for insurance and taxes | ||
| Repayments on FHLB advances, net | ||
| Stock issuance costs paid | ||
| Net cash provided by (used in) financing activities | ||
| Net change in cash and cash equivalents | ||
| Cash, beginning of year | ||
| Cash, end of year | ||
| SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION: | ||
| Cash paid during the period for interest | ||
| Loans transferred to other real estate owned | ||
| Noncash costs of stock conversion | ||
| Cash and cash equivalents | ||
| Interest-bearing deposits with banks | ||
| Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents | ||
| Proceeds from stock issuance, net of offering costs |
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