XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ 277 $ (84)  
Adjustments to reconcile net income (loss)to net cash used in operating activities:      
Loan loss provision recapture (190)    
Provision for losses on REOs 13 45  
Depreciation 59 62  
Reversal of valuation allowance on loan held for sale (12)    
Net amortization of deferred loan origination costs 61 152  
Net amortization of premiums on mortgage-backed securities 6 10  
Amortization of investment in affordable housing limited partnership 49 48  
ESOP compensation expense 14 25  
Earnings on bank owned life insurance (13) (13)  
Repayments on loans receivable held for sale 24 71 $ 71
Change in assets and liabilities:      
Net change in deferred taxes 98 68  
Net change in accrued interest receivable (63) (88)  
Net change in other assets (54) (169)  
Net change in advance payments by borrowers for taxes and insurance (492) (477)  
Net change in accrued expenses and other liabilities 366 (483)  
Net cash provided by (used in) operating activities 229 (752)  
Cash flows from investing activities:      
Net change in loans receivable held for investment (8,265) 5,352  
Principal payments on available-for-sale securities 395 507  
Purchase of office properties and equipment (25) (11)  
Net cash (used in) provided by investing activities (7,895) 5,848  
Cash flows from financing activities:      
Net change in deposits 5,240 (10,960)  
Proceeds from FHLB advances 10,000    
Repayments of FHLB advances (5,000)    
Payment for tax withholding for vesting of restricted stock   (108)  
Net cash provided by (used in) financing activities 10,240 (11,068)  
Net change in cash and cash equivalents 2,574 (5,972)  
Cash and cash equivalents at beginning of the period 16,651 22,219 22,219
Cash and cash equivalents at end of the period 19,225 16,247 $ 16,651
Supplemental disclosures of cash flow information:      
Cash paid for interest 1,375 930  
Supplemental disclosures of non-cash investing and financing:      
Transfers of loans receivable held for sale to loans receivable held for investment 1,064 16,871  
Stock cancelled for payment of tax withholding 14 108  
Initial Recognition of Operating Lease Right-to-Use Assets 1,120    
Initial Recognition of Operating Lease Liabilities 1,120    
Directors | Common Stock      
Adjustments to reconcile net income (loss)to net cash used in operating activities:      
Stock-based compensation expense 52 45  
Employees, excluding Directors      
Adjustments to reconcile net income (loss)to net cash used in operating activities:      
Stock-based compensation expense $ 34 $ 36