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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net income $ 815 $ 1,869
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Loan loss provision recaptures (1,254) (1,100)
Provision for losses on REO 45 80
Depreciation 241 256
Net amortization of deferred loan origination costs 605 306
Net amortization of premiums on mortgage-backed securities 36 34
Amortization of investment in affordable housing limited partnership 195 195
ESOP compensation expense 80 104
Earnings on bank owned life insurance (53) (54)
Originations of loans receivable held for sale (20,288) (110,829)
Proceeds from sales and repayments of loans receivable held for sale 19,626 98,356
Gain on sale of loans receivable held for sale (70) (560)
Changes in operating assets and liabilities    
Net change in deferred taxes 155 1,851
Net change in accrued interest receivable (70) 105
Net change in other assets 187 332
Net change in advance payments by borrowers for taxes and insurance (16) 243
Net change in accrued expenses and other liabilities (120) (1,690)
Net cash provided by (used in) operating activities 234 (10,226)
Cash flows from investing activities:    
Net change in loans receivable held for investment (3,185) 59,742
Purchase of loans receivable held for investment 0 (24,640)
Purchase of available-for-sale securities   (6,677)
Principal payments on available-for-sale securities 2,444 2,253
Purchase of FHLB stock   (343)
Additions to office properties and equipment (77) (183)
Net cash (used in) provided by investing activities (818) 30,152
Cash flows from financing activities:    
Net change in deposits (9,876) 3,863
Proceeds from FHLB advances 32,500 29,500
Repayments of FHLB advances (27,500) (49,500)
Payment for tax withholding for vesting of restricted stock (108)  
Net cash used in financing activities (4,984) (16,137)
Net change in cash and cash equivalents (5,568) 3,789
Cash and cash equivalents at beginning of the year 22,219 18,430
Cash and cash equivalents at end of the year 16,651 22,219
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,898 4,199
Cash paid for income taxes   20
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
Transfers of loans receivable held for sale to loans receivable held for investment 16,871  
Employees, excluding Directors    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation expense 75 223
Directors    
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Stock-based compensation expense $ 45 $ 53