| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
449 | -19 | 1,659 | ||||
Adjustments to reconcile net loss to net cash from operating activities: | ||||||
Net amortization of investment securities | ||||||
264 | 331 | - | ||||
Credit for loan losses | ||||||
-1,032 | - | - | ||||
Depreciation | ||||||
695 | 663 | 691 | ||||
Net amortization of premiums and discounts on securities | ||||||
- | - | -598 | ||||
Net (gain) loss on sale of premises and equipment | ||||||
96 | -22 | -1,095 | ||||
Net gain on sale and of foreclosed assets | ||||||
103 | - | - | ||||
Net gain on sale of available for sale securities | ||||||
- | 67 | - | ||||
Write-down on premises and equipment | ||||||
90 | - | - | ||||
Provision for (benefit from) deferred income tax | ||||||
20 | 220 | -3,551 | ||||
Originations of mortgage loans held for sale | ||||||
112,070 | 55,882 | 62,012 | ||||
Proceeds from sales of mortgage loans held for sale | ||||||
112,872 | 56,035 | 63,046 | ||||
Net gain on sale of mortgage loans held for sale | ||||||
716 | 707 | 772 | ||||
ESOP compensation | ||||||
71 | - | - | ||||
Net change in cash value of life insurance | ||||||
399 | 404 | 411 | ||||
Gain on death benefit | ||||||
158 | 120 | - | ||||
Changes in operating assets and liabilities: | ||||||
Mortgage servicing rights | ||||||
69 | -167 | -151 | ||||
Accrued interest receivable and other assets | ||||||
-1,215 | 1,455 | 735 | ||||
Accrued interest payable and other liabilities | ||||||
-87 | 533 | 568 | ||||
Net cash (used in) provided by operating activities | ||||||
946 | -683 | 327 | ||||
Cash Flows From Investing Activities | ||||||
Proceeds from sales of available for sale securities | ||||||
- | 14,392 | - | ||||
Maturities, prepayments, and calls of available for sale securities | ||||||
10,308 | 7,479 | 11,933 | ||||
Purchase of available for sale securities | ||||||
13,901 | - | 5,037 | ||||
Net decrease in loans | ||||||
-60,054 | 38,624 | 18,683 | ||||
Net proceeds from sales of premises and equipment | ||||||
801 | - | - | ||||
Proceeds from sales of foreclosed assets | ||||||
237 | - | - | ||||
Capital expenditures for premises and equipment | ||||||
668 | 1,187 | 522 | ||||
Proceeds from life insurance policies | ||||||
872 | 856 | - | ||||
Net decrease (increase) in Federal Home Loan Bank stock | ||||||
-348 | -175 | -734 | ||||
Net cash provided by (used in) investing activities | ||||||
58,051 | -16,909 | -11,575 | ||||
Cash Flows From Financing Activities | ||||||
Net (decrease) increase in deposits | ||||||
-61,541 | 16,846 | 30,409 | ||||
Net increase in advance payments by borrowers for taxes and insurance | ||||||
441 | 855 | -912 | ||||
Proceeds from stock offering | ||||||
20,029 | - | - | ||||
Purchase of ESOP shares | ||||||
1,755 | - | - | ||||
Proceeds from issuance of Federal Home Loan Bank advances | ||||||
10,000 | - | 5,000 | ||||
Principal payments on Federal Home Loan Bank advances | ||||||
22,387 | 4,683 | 18,531 | ||||
Net cash (used in) provided by financing activities | ||||||
-55,213 | 13,018 | 15,966 | ||||
Net increase (decrease) in cash and cash equivalents | ||||||
3,784 | -4,574 | 4,718 | ||||
Supplemental cash flow information: | ||||||
Cash paid during the year for interest | ||||||
4,920 | 4,021 | 3,298 | ||||
Cash paid (received) during the year for income taxes | ||||||
-209 | - | - | ||||
Loans transferred to loans held for sale | ||||||
29,360 | - | - | ||||
Noncash activities: | ||||||
Loans transferred to foreclosed assets | ||||||
134 | - | - | ||||
Bank premises transferred to other assets | ||||||
660 | - | - | ||||