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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net (loss) income $ (206) $ 815
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Loan loss provision recaptures (7) (1,254)
Provision for losses on REO 13 45
Depreciation 227 241
Reversal of valuation allowance on loan held for sale (12)  
Net amortization of deferred loan origination costs 254 605
Net amortization of premiums on mortgage-backed securities 30 36
Amortization of investment in affordable housing limited partnership 179 195
ESOP compensation expense 65 80
Earnings on bank owned life insurance (53) (53)
Originations of loans receivable held for sale (15,182) (20,288)
Proceeds from sales and repayments of loans receivable held for sale 23,074 19,626
Gain on sale of loans receivable held for sale (204) (70)
Changes in operating assets and liabilities    
Net change in deferred taxes (284) 155
Net change in accrued interest receivable (80) (70)
Net change in other assets 124 187
Net change in advance payments by borrowers for taxes and insurance (22) (16)
Net change in accrued expenses and other liabilities 310 (120)
Net cash provided by operating activities 8,533 234
Cash flows from investing activities:    
Net change in loans receivable held for investment (43,983) (3,185)
Principal payments on available-for-sale securities 4,055 2,444
Proceeds from sales of REO 820  
Additions to office properties and equipment (41) (77)
Net cash used in investing activities (39,149) (818)
Cash flows from financing activities:    
Net change in deposits 16,310 (9,876)
Proceeds from FHLB advances 22,000 32,500
Repayments on FHLB advances (8,000) (27,500)
Payment for tax withholding for vesting of restricted stock (14) (108)
Repayments of junior subordinated debentures (765)  
Net cash provided by (used in) financing activities 29,531 (4,984)
Net change in cash and cash equivalents (1,085) (5,568)
Cash and cash equivalents at beginning of the year 16,651 22,219
Cash and cash equivalents at end of the year 15,566 16,651
Supplemental disclosures of cash flow information:    
Cash paid for interest 6,336 4,898
Cash paid for income taxes 13  
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable held for sale to loans receivable held for investment 9,227 16,871
Transfers of loans receivable held for investment to loans receivable held for sale 10,684  
Common stock exchanged for payment of tax withholding 14 108
Initial recognition of operating lease right-to-use assets 1,120  
Initial recognition of operating lease liabilities 1,120  
Employees, excluding Directors    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation expense 254 75
Directors    
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation expense $ 53 $ 45