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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 earnings $ 2,123 $ 1,574
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:    
Depreciation and amortization 390 395
Provision for loan losses 187 412
Net amortization of deferred loan fees (118) (1)
Loss (gain) on sale of securities available for sale 1 (102)
Amortization of premiums and discounts on securities available for sale 310 332
Gain on sale of loans held for sale (822) (558)
Proceeds from the sale of loans held for sale 48,919 33,268
Loans originated as held for sale (52,265) (33,513)
Stock issued as compensation 51 40
Stock based compensation expense 15 1
Income from bank owned life insurance (35) (37)
Net increase in accrued interest receivable (77) (13)
Net (increase) decrease in other assets (153) 205
Net (decrease) increase in other liabilities and official checks (12) 429
Net cash (used in) provided by operating activities (1,486) 2,432
Cash flows from investing activities:    
Loan originations, net of principal repayments (22,461) (36,103)
Purchase of securities available for sale (20,510) (10,416)
Principal repayments of securities available for sale 4,099 6,488
Proceeds from sale of securities available for sale 750 8,248
Maturities and calls of securities available for sale 48 1,290
Purchase of Federal Home Loan Bank stock (96) (31)
Purchase of premises and equipment (396) (826)
Net cash used in investing activities (38,566) (31,350)
Cash flows from financing activities:    
Net increase in deposits 21,367 43,583
Proceeds from stock options exercised 26 82
Proceeds from sale of common stock, net 16,957  
Common stock dividends paid (140) (99)
Net cash provided by financing activities 38,210 43,566
Net (decrease) increase in cash and cash equivalents (1,842) 14,648
Cash and cash equivalents at beginning of period 36,165 8,429
Cash and cash equivalents at end of period 34,323 23,077
Supplemental disclosure of cash flow information Cash paid during the period for:    
Interest 827 525
Income taxes 1,223 670
Noncash transaction-    
Accumulated other comprehensive loss, net change in unrealized (loss) gain on securities available for sale, net of taxes $ 213 $ 310