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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net (loss) income $ (84) $ 1,232
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Loan loss provision recaptures   (350)
Provision for losses on REOs 45  
Depreciation 62 65
Net amortization of deferred loan origination costs 152 50
Net amortization of premiums on mortgage-backed securities 10 9
Amortization of investment in affordable housing limited partnership 48 49
ESOP compensation expense 25 22
Earnings on bank owned life insurance (13) (13)
Originations of loans receivable held for sale   (48,694)
Proceeds from sales of loans receivable held for sale   14,876
Repayments on loans receivable held for sale 71 89
Gain on sale of loans receivable held for sale   (27)
Change in assets and liabilities:    
Net change in deferred taxes 68 505
Net change in accrued interest receivable (88) 8
Net change in other assets (169) (1,151)
Net change in advance payments by borrowers for taxes and insurance (477) (327)
Net change in accrued expenses and other liabilities (483) (1,123)
Net cash used in operating activities (752) (34,665)
Cash flows from investing activities:    
Net change in loans receivable held for investment 5,352 18,016
Principal payments on available-for-sale securities 507 633
Purchase of FHLB stock   (262)
Purchase of office properties and equipment (11) (80)
Net cash provided by investing activities 5,848 18,307
Cash flows from financing activities:    
Net change in deposits (10,960) 9,137
Proceeds from FHLB advances   26,000
Repayments on FHLB advances   (10,000)
Payment for tax withholding for vesting of restricted stock (108)  
Net cash (used in) provided by financing activities (11,068) 25,137
Net change in cash and cash equivalents (5,972) 8,779
Cash and cash equivalents at beginning of the period 22,219 18,430
Cash and cash equivalents at end of the period 16,247 27,209
Supplemental disclosures of cash flow information:    
Cash paid for interest 930 1,088
Supplemental disclosures of non-cash investing and financing:    
Transfers of loans receivable held for sale to loans receivable held for investment 16,871  
Stock cancelled for payment of tax withholding 108  
Directors    
Supplemental disclosures of non-cash investing and financing:    
Stock issued to directors 45  
Directors | Common Stock    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Stock-based compensation expense 45  
Employees, excluding Directors    
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Stock-based compensation expense $ 36 $ 115