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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ 1,869 $ 3,480
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Loan loss provision recaptures (1,100) (550)
Provision for losses on REO 80  
Depreciation 256 251
Net amortization of deferred loan origination costs 306 301
Net amortization of premiums on mortgage-backed securities 34 52
Amortization of investment in affordable housing limited partnership 195 193
ESOP compensation expense 104  
Earnings on bank owned life insurance (54) (58)
Originations of loans receivable held for sale (110,829)  
Proceeds from sales and repayments of loans receivables held for sale 98,356  
Gain on sale of loans receivable held for sale (560)  
Net gain on sale of REOs   (22)
Changes in operating assets and liabilities    
Net change in deferred taxes 1,851 (2,236)
Net change in accrued interest receivable 105 (101)
Net change in other assets 332 593
Net change in advance payments by borrowers for taxes and insurance 243 165
Net change in accrued expenses and other liabilities (1,690) (1,170)
Net cash (used in) provided by operating activities (10,226) 930
Cash flows from investing activities:    
Net change in loans receivable held for investment 59,742 (75,034)
Purchase of loans receivable held for investment (24,640) 0
Purchase of available-for-sale securities (6,677) (2,505)
Principal payments on available-for-sale securities 2,253 3,213
Proceeds from sales of REO   (382)
Purchase of FHLB stock (343)  
Additions to office properties and equipment (183) (160)
Net cash provided by (used in) investing activities 30,152 (74,104)
Cash flows from financing activities:    
Net change in deposits 3,863 14,813
Proceeds from FHLB advances 29,500 20,000
Repayments on FHLB advances (49,500) (7,000)
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 (used in) provided by financing activities (16,137) 23,765
Net change in cash and cash equivalents 3,789 (49,409)
Cash and cash equivalents at beginning of the year 18,430 67,839
Cash and cash equivalents at end of the year 22,219 18,430
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,199 3,774
Cash paid for income taxes 20 11
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable held for investment to REO 958  
Transfers of loans receivable held for investment to loans receivable held for sale 9,337  
Issuance of common stock for services 53  
Employees, excluding Directors    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation expense 223 $ 32
Directors    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation expense $ 53