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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 1,765 $ 952
Adjustments to reconcile net income to net cash used in (provided by) operating activities:    
Loan loss provision recapture (650) (550)
Depreciation 129 124
Net amortization of deferred loan origination costs 134 92
Net amortization of premiums on mortgage-backed securities 17 23
Amortization of investment in affordable housing limited partnership 98 97
Stock-based compensation expense 204 13
ESOP compensation expense 47 45
Earnings on bank owned life insurance (27) (29)
Originations of loans receivable held for sale (86,002)  
Repayments on loans receivable held for sale 200  
Proceeds from sales of loans receivable held for sale 46,988  
Gain on sale of loans receivable held for sale (223)  
Net gain on sale of REOs   (22)
Net change in deferred taxes 931  
Net change in accrued interest receivable 75 (63)
Net change in other assets 6 246
Net change in advance payments by borrowers for taxes and insurance 181  
Net change in accrued expenses and other liabilities (1,207) (783)
Net cash (used in) provided by operating activities (37,334) 145
Cash flows from investing activities    
Net change in loans receivable held for investment 29,662 (36,635)
Purchase of available-for-sale securities   (2,505)
Prepayments on available-for-sale securities 1,159 1,332
Proceeds from sales of REO   382
Purchase of FHLB stock (343)  
Additions to office properties and equipment (159) (26)
Net cash provided by (used in) investing activities 30,319 (37,452)
Cash flows from financing activities    
Net change in deposits (13,580) 7,158
Proceeds from FHLB advances 44,000  
Repayments of FHLB advances (25,000) (2,000)
Net cash provided by financing activities 5,420 5,158
Net change in cash and cash equivalents (1,595) (32,149)
Cash and cash equivalents at beginning of the period 18,430 67,839
Cash and cash equivalents at end of the period 16,835 35,690
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,241 1,872
Cash paid for income taxes $ 20 $ 8