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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:          
Net income (loss)     $ 142 $ (211)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Loan loss provision recapture     (348)    
Provision for losses on REOs     13 45  
Depreciation     115 121  
Net amortization of deferred loan origination costs     95 276  
Net amortization of premiums on mortgage-backed securities     13 20  
Amortization of investment in affordable housing limited partnership $ 49 $ 49 98 97  
ESOP compensation expense 14 23 28 48  
Earnings on bank owned life insurance     (26) (26)  
Originations of loans receivable held for sale     (10,280)    
Proceeds from sales of loans receivable held for sale       4,349  
Repayments on loans receivable held for sale     46 82  
Gain on sale of loans receivable held for sale       (11)  
Change in assets and liabilities:          
Net change in deferred taxes     (31) 15  
Net change in accrued interest receivable     (111) (43)  
Net change in other assets     107 113  
Net change in advance payments by borrowers for taxes and insurance     29 (160)  
Net change in accrued expenses and other liabilities     (281) (30)  
Net cash (used in) provided by operating activities     (10,230) 4,779  
Cash flows from investing activities:          
Net change in loans receivable held for investment     (7,153) (13,362)  
Principal payments on available-for-sale securities     952 1,137  
Proceeds from sales of REO     820    
Purchase of office properties and equipment     (23) (43)  
Net cash (used in) provided by investing activities     (5,404) (12,268)  
Cash flows from financing activities:          
Net change in deposits     14,384 (20,024)  
Proceeds from FHLB advances     10,000 36,500  
Repayments of FHLB advances     (5,000) (17,500)  
Payment for tax withholding for vesting of restricted stock       (108)  
Repayments of junior subordinated debentures     (255)    
Net cash provided by (used in) financing activities     19,129 (1,132)  
Net change in cash and cash equivalents     3,495 (8,621)  
Cash and cash equivalents at beginning of the period     16,651 22,219 $ 22,219
Cash and cash equivalents at end of the period $ 20,146 $ 13,598 20,146 13,598 $ 16,651
Supplemental disclosures of cash flow information:          
Cash paid for interest     2,971 2,048  
Cash paid for income taxes     13    
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  
Transfers of loans receivable held for investment to loans receivable held for sale     10,684    
Common stock exchanged for payment of tax withholding       108  
Initial Recognition of Operating Lease Right-to-Use Assets     1,120    
Initial Recognition of Operating Lease Liabilities     1,120    
Directors          
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     $ 109 $ 49