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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 2,268 $ 1,279
Adjustments to reconcile net income to net cash used in operating activities:    
Loan loss provision recapture (950) (550)
Depreciation 194 187
Net amortization of deferred loan origination costs 216 223
Net amortization of premiums on mortgage-backed securities 23 38
Amortization of investment in affordable housing limited partnership 146 145
Stock-based compensation expense 240 23
ESOP compensation expense 79 62
Earnings on bank owned life insurance (41) (44)
Originations of loans receivable held for sale (94,972)  
Repayments on loans receivable held for sale 318  
Proceeds from sales of loans receivable held for sale 81,853  
Gain on sale of loans receivable held for sale (383)  
Net gain on sale of REOs   (22)
Net change in deferred taxes 1,210 (8)
Net change in accrued interest receivable 65 (23)
Net change in other assets 110 129
Net change in advance payments by borrowers for taxes and insurance 709 402
Net change in accrued expenses and other liabilities (222) (1,845)
Net cash used in operating activities (9,137) (4)
Cash flows from investing activities:    
Net change in loans receivable held for investment 49,371 (40,235)
Purchase of available-for-sale securities   (2,505)
Principal payments on available-for-sale securities 1,708 2,365
Proceeds from sales of REO   382
Purchase of FHLB stock (343)  
Additions to office properties and equipment (177) (45)
Net cash provided by (used in) investing activities 50,559 (40,038)
Cash flows from financing activities:    
Net change in deposits 7,493 12,484
Proceeds from FHLB advances 29,500  
Repayments of FHLB advances (28,500) (2,000)
Net cash provided by financing activities 8,493 10,484
Net change in cash and cash equivalents 49,915 (29,558)
Cash and cash equivalents at beginning of the period 18,430 67,839
Cash and cash equivalents at end of the period 68,345 38,281
Supplemental disclosures of cash flow information:    
Cash paid for interest 3,168 2,835
Cash paid for income taxes 20 $ 8
Supplemental disclosures of cash flow information:    
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