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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 952 $ 2,451
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Loan loss provision recapture (550) (1,500)
Provision for losses on REOs   126
Depreciation 124 117
Net amortization of deferred loan origination costs 92 167
Net amortization of premiums on mortgage-backed securities 23 30
Amortization of investment in affordable housing limited partnership 97 96
Stock-based compensation expense 13  
Earnings on bank owned life insurance (29) (30)
Originations of for-sale loans receivable   (31,479)
Proceeds from for-sale loans receivable   14,781
Net gain on sale of loans   (514)
Net gains on sale of REOs (22)  
Net change in accrued interest receivable (63) 166
Net change in other assets 246 558
Net change in advance payments by borrowers for taxes and insurance   (44)
Net change in accrued expenses and other liabilities (738) 225
Net cash provided by (used in) operating activities 145 (14,850)
Cash flows from investing activities:    
Net change in loans receivable held for investment (36,635) (8,204)
Proceeds from sales of loans receivable transferred to held-for-sale   44,725
Principal repayments on loans receivable transferred to held-for-sale   166
Purchase of available-for-sale securities (2,505)  
Prepayments and amortizations on available-for-sale securities 1,332 1,337
Proceeds from sales of REO 382 621
Redemption of FHLB stock   1,527
Purchase of FHLB stock   (188)
Additions to office properties and equipment (26) (48)
Net cash (used in) provided by investing activities (37,452) 39,936
Cash flows from financing activities:    
Net change in deposits 7,158 14,285
Proceeds from FHLB advances   21,000
Repayments of FHLB advances (2,000) (29,500)
Net cash provided by financing activities 5,158 5,785
Net change in cash and cash equivalents (32,149) 30,871
Cash and cash equivalents at beginning of the period 67,839 20,790
Cash and cash equivalents at end of the period 35,690 51,661
Supplemental disclosures of cash flow information:    
Cash paid for interest 1,872 1,941
Cash paid for income taxes $ 8 2
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable held for investment to REO   843
Transfers of loans receivable held for investment to loans receivable held for sale   $ 90,183