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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 1,232 $ 633
Adjustments to reconcile net income to net cash used in operating activities:    
Loan loss provision recapture (350) (300)
Depreciation 65 61
Net amortization of deferred loan origination costs 50 61
Net amortization of premiums on mortgage-backed securities 9 9
Amortization of investment in affordable housing limited partnership 49 48
Stock-based compensation expense 137 3
Earnings on bank owned life insurance (13) (15)
Originations of for-sale loans receivable (48,605)  
Proceeds from sales of loans receivable held for sale 14,876  
Gain on sale of loans (27)  
Net gain on sale of REOs   (22)
Net change in deferred taxes 505  
Net change in accrued interest receivable 8 (14)
Net change in other assets (1,151) 107
Net change in advance payments by borrowers for taxes and insurance (327) (366)
Net change in accrued expenses and other liabilities (1,123) (788)
Net cash used in operating activities (34,665) (583)
Cash flows from investing activities:    
Net change in loans receivable held for investment 18,016 (15,471)
Purchase of available-for-sale securities   (1,484)
Prepayments on available-for-sale securities 633 526
Proceeds from sales of REO   382
Purchase of FHLB stock (262)  
Additions to office properties and equipment (80) (13)
Net cash provided by (used in) investing activities 18,307 (16,060)
Cash flows from financing activities:    
Net change in deposits 9,137 (15,205)
Proceeds from FHLB advances 26,000  
Repayments of FHLB advances (10,000)  
Net cash provided by (used in) financing activities 25,137 (15,205)
Net change in cash and cash equivalents 8,779 (31,848)
Cash and cash equivalents at beginning of the period 18,430 67,839
Cash and cash equivalents at end of the period 27,209 35,991
Supplemental disclosures of cash flow information:    
Cash paid for interest $ 1,088 $ 941