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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 3,480 $ 9,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Loan loss provision recaptures (550) (3,700)
Depreciation 251 238
Net amortization of deferred loan origination costs 301 294
Net amortization of premiums on mortgage-backed securities 52 51
Amortization of investment in affordable housing limited partnership 193 192
Stock-based compensation expense 32  
Earnings on bank owned life insurance (58) (61)
Originations of for-sale loans receivable   (57,655)
Proceeds from for-sale loans receivable   68,592
Net gains on sales of loans   (1,751)
Net (gains) losses on sales of REOs (22) 45
Deferred income tax benefit (2,236) (4,594)
Net change in accrued interest receivable (101) 139
Net change in other assets 593 906
Net change in advance payments by borrowers for taxes and insurance 165 (418)
Net change in accrued expenses and other liabilities (1,170) 2,815
Net cash provided by operating activities 930 14,165
Cash flows from investing activities:    
Net change in loans receivable held for investment (75,034) (15,329)
Purchase of loans receivable held for investment   (100,161)
Proceeds from sales of loans receivable transferred to held for sale   98,840
Principal repayments on loans receivable transferred to held for sale   1,621
Purchase of available-for-sale securities (2,505)  
Prepayments and principal payments on available-for-sale securities 3,213 2,717
Proceeds from sales of REO 382 2,879
Redemption of FHLB stock   1,869
Purchase of FHLB stock   (188)
Additions to office properties and equipment (160) (111)
Net cash used in investing activities (74,104) (7,863)
Cash flows from financing activities:    
Net change in deposits 14,813 54,747
Proceeds from FHLB advances 20,000 21,000
Repayments on FHLB advances (7,000) (35,000)
Proceeds from issuance of common stock, net of issuance costs 1,125  
Repurchase of common stock (3,997)  
Loan to ESOP (1,176)  
Net cash provided by financing activities 23,765 40,747
Net change in cash and cash equivalents (49,409) 47,049
Cash and cash equivalents at beginning of the year 67,839 20,790
Cash and cash equivalents at end of the year 18,430 67,839
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,774 3,881
Cash paid for income taxes $ 11 27
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable held for investment to REO   1,202
Transfers of loans receivable held for investment to loans receivable held for sale   $ 90,166