| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net (loss) income | |||||||||
-206 | 815 | 1,869 | 3,480 | - | - | - | - | - | - |
Net income | |||||||||
- | - | - | - | 9,072 | 2,529 | -301 | 588 | -14,255 | 1,915 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||||||
Loan loss provision (recapture) | |||||||||
-7 | -1,254 | -1,100 | -550 | -3,700 | -2,932 | 414 | 1,190 | 12,153 | 4,465 |
Provision for losses on REOs | |||||||||
13 | 45 | 80 | - | - | 457 | - | - | - | - |
Provision for losses on loans receivable held for sale | |||||||||
- | - | - | - | - | - | 153 | -84 | - | - |
Provision for losses on REO | |||||||||
- | - | - | - | - | - | 590 | - | - | - |
Provision for losses on REO | |||||||||
- | - | - | - | - | - | - | -1,218 | - | - |
Provision for losses on loans receivable held for sale | |||||||||
- | - | - | - | - | - | - | - | 1,612 | 1,188 |
Provision for (recapture of) losses on REO | |||||||||
- | - | - | - | - | - | - | - | 2,654 | 1,102 |
Depreciation | |||||||||
227 | 241 | 256 | 251 | 238 | 241 | 214 | 306 | 501 | 425 |
Reversal of valuation allowance on loan held for sale | |||||||||
12 | - | - | - | - | - | - | - | - | - |
Net amortization of deferred loan origination costs and loan premiums | |||||||||
-254 | -605 | -306 | -301 | -294 | -221 | -208 | -140 | -45 | -24 |
Net amortization of premiums on mortgage-backed securities | |||||||||
-30 | -36 | -34 | -52 | -51 | -57 | -35 | -57 | -96 | -192 |
Amortization of investment in affordable housing limited partnership | |||||||||
179 | 195 | 195 | 193 | 192 | - | - | - | - | - |
Amortization of investment in affordable housing limited partnership | |||||||||
- | - | - | - | - | 192 | 219 | 147 | 325 | - |
Stock-based compensation expense | |||||||||
- | - | - | - | - | 11 | 45 | 81 | 86 | 124 |
ESOP compensation expense | |||||||||
65 | 80 | 104 | - | - | - | - | - | - | - |
Earnings on bank owned life insurance | |||||||||
53 | 53 | 54 | 58 | 61 | 65 | 68 | 79 | 87 | 104 |
Originations of loans receivable held for sale | |||||||||
15,182 | 20,288 | 110,829 | - | 57,655 | - | - | - | - | - |
Proceeds from sales of loans receivable held for sale | |||||||||
- | - | - | - | 68,592 | - | 16,600 | 2,648 | - | - |
Proceeds from sales and repayments of loans receivable held for sale | |||||||||
23,074 | 19,626 | 98,356 | - | - | - | - | - | - | - |
Proceeds from sales of loans receivable transferred to held for sale | |||||||||
- | - | - | - | 98,840 | 3,292 | - | - | - | - |
Repayments on loans receivable held for sale | |||||||||
- | - | - | - | 1,621 | - | 1,520 | 449 | - | - |
Gain on sale of loans receivable held for sale | |||||||||
204 | 70 | 560 | - | 1,751 | 19 | 110 | -253 | -88 | -22 |
Gain on sale of securities | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net gain on sale of REOs | |||||||||
- | - | - | 22 | -45 | 12 | 112 | 292 | -35 | -88 |
Change in assets and liabilities: | |||||||||
Net change in accrued interest receivable | |||||||||
- | - | - | - | - | - | - | - | -518 | -203 |
Net change in deferred taxes | |||||||||
284 | -155 | -1,851 | 2,236 | - | - | - | -850 | -4,295 | 441 |
Loss on sale/disposal of office properties and equipment | |||||||||
- | - | - | - | - | - | -19 | 2,523 | 0 | - |
Gain on sale of securities | |||||||||
- | - | - | - | - | - | - | 50 | - | - |
Gain on restructuring of debt | |||||||||
- | - | - | - | - | 365 | 1,221 | - | - | - |
Amortization of deferred gain on debt restructuring | |||||||||
- | - | - | - | - | -133 | -37 | - | - | - |
Deferred income tax benefit | |||||||||
- | - | - | - | -4,594 | - | - | - | - | - |
Stock-based compensation - non-employee | |||||||||
- | - | - | - | - | 25 | - | - | - | - |
Net change in accrued interest receivable | |||||||||
80 | 70 | -105 | 101 | -139 | 109 | -143 | -448 | - | - |
Net change in other assets | |||||||||
-124 | -187 | -332 | -593 | -906 | -636 | -1,711 | -128 | 3,176 | -2,879 |
Net change in advance payments by borrowers for taxes and insurance | |||||||||
-22 | -16 | - | - | - | - | - | - | - | - |
Net increase in other borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 5,000 |
Cash dividends paid | |||||||||
- | - | - | - | - | - | - | - | - | 527 |
Reissuance of treasury stock | |||||||||
- | - | - | - | - | - | - | - | 5 | 6 |
Net change in advance payments by borrowers for taxes and insurance | |||||||||
- | - | 243 | 165 | -418 | 305 | 65 | -102 | - | - |
Net change in accrued expenses and other liabilities | |||||||||
310 | -120 | -1,690 | -1,170 | 2,815 | 270 | -257 | - | - | - |
Net change in accrued interest payable | |||||||||
- | - | - | - | - | - | - | 639 | 752 | - |
Net change in other liabilities | |||||||||
- | - | - | - | - | - | - | -82 | 128 | -1,178 |
Net cash used in operating activities | |||||||||
- | - | - | - | 14,165 | 1,309 | 1,710 | 2,935 | - | - |
Net cash (used in) provided by operating activities | |||||||||
8,533 | 234 | -10,226 | 930 | - | - | - | - | 5,770 | 10,904 |
Cash flows from investing activities: | |||||||||
Net change in loans receivable held for investment | |||||||||
43,983 | 3,185 | -59,742 | 75,034 | 15,329 | 52,153 | -11,950 | -50,233 | -35,904 | -18,186 |
Purchase of loans receivable held for investment | |||||||||
- | - | 24,640 | 0 | 100,161 | 0 | 10,849 | - | - | - |
Purchase of available-for-sale securities | |||||||||
- | - | 6,677 | - | - | - | - | - | - | - |
Purchase of available-for-sale securities | |||||||||
- | - | - | 2,505 | - | 10,463 | - | - | - | - |
Proceeds from sales and principal repayments of loans receivable held-for-sale | |||||||||
- | - | - | - | - | - | - | - | 15,746 | 12,663 |
Sales | |||||||||
- | - | - | - | - | - | - | 1,050 | 0 | - |
Principal payments on available-for-sale securities | |||||||||
4,055 | 2,444 | 2,253 | 3,213 | 2,717 | 2,813 | 3,708 | 4,291 | 2,511 | 4,400 |
Maturities, prepayments and calls | |||||||||
- | - | - | - | - | - | - | - | 2,207 | 3,538 |
Proceeds from sales of REO | |||||||||
820 | - | - | 382 | 2,879 | 2,871 | 8,642 | 7,760 | 4,727 | 2,883 |
Redemption of FHLB stock | |||||||||
- | - | - | - | 1,869 | - | 540 | - | - | - |
Purchase of FHLB stock | |||||||||
- | - | 343 | - | 188 | 517 | 376 | - | - | - |
Investment in affordable housing limited partnership | |||||||||
- | - | - | - | - | - | - | - | - | 832 |
Net redemption of FHLB stock | |||||||||
- | - | - | - | - | - | - | -188 | 0 | -216 |
Proceeds from sale of office properties and equipment | |||||||||
- | - | - | - | - | - | - | 4,237 | - | - |
Proceeds from sale of office properties and equipment | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Purchase of office properties and equipment | |||||||||
41 | 77 | 183 | 160 | 111 | 213 | 341 | 11 | 33 | 156 |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | - | -7,863 | -54,370 | 31,394 | 70,845 | - | - |
Net cash provided (used in) by investing activities | |||||||||
-39,149 | -818 | 30,152 | -74,104 | - | - | - | - | 61,062 | 40,898 |
Cash flows from financing activities: | |||||||||
Net change in deposits | |||||||||
16,310 | -9,876 | 3,863 | 14,813 | 54,747 | 3,462 | -42,666 | -37,615 | -53,759 | -37,043 |
Proceeds from FHLB advances | |||||||||
22,000 | 32,500 | 29,500 | 20,000 | 21,000 | 17,000 | 36,000 | 29,500 | 9,500 | 3,500 |
Repayments on FHLB advances | |||||||||
8,000 | 27,500 | 49,500 | 7,000 | 35,000 | 10,500 | 36,000 | 33,000 | 13,500 | 8,100 |
Payment for tax withholding for vesting of restricted stock | |||||||||
14 | 108 | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net of issuance costs | |||||||||
- | - | - | 1,125 | - | 9,018 | 3,398 | 200 | - | - |
Repurchase of common stock | |||||||||
- | - | - | 3,997 | - | - | - | - | - | - |
Loan to ESOP | |||||||||
- | - | - | 1,176 | - | - | - | - | - | - |
Repayments of junior subordinated debentures | |||||||||
765 | - | - | - | - | 900 | - | - | - | - |
Repayments on senior debt | |||||||||
- | - | - | - | - | 2,425 | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | 40,747 | 15,655 | -39,268 | -41,017 | - | - |
Net change in cash and cash equivalents | |||||||||
- | - | - | - | 47,049 | -37,406 | -6,164 | 32,763 | - | - |
Net change in advance payments by borrowers for taxes and insurance | |||||||||
- | - | - | - | - | - | - | - | 541 | -100 |
Net cash provided by financing activities | |||||||||
29,531 | -4,984 | -16,137 | 23,765 | - | - | - | - | -57,213 | -37,264 |
Net change in cash and cash equivalents | |||||||||
-1,085 | -5,568 | 3,789 | - | - | - | - | - | - | - |
Net change in cash and cash equivalents | |||||||||
- | - | - | -49,409 | - | - | - | - | 9,619 | 14,538 |
Supplemental disclosures of cash flow information: | |||||||||
Cash paid for interest | |||||||||
6,336 | 4,898 | 4,199 | - | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | - | 3,774 | 3,881 | 4,517 | 4,331 | 5,787 | 7,299 | 9,216 |
Cash paid for income taxes | |||||||||
13 | - | 20 | 11 | - | - | - | - | - | - |
Cash paid for income taxes | |||||||||
- | - | - | - | 27 | 3 | 4 | 3 | 980 | 620 |
Supplemental disclosures of non-cash investing and financing activities: | |||||||||
Transfers of loans receivable held for sale to loans receivable held for investment | |||||||||
9,227 | 16,871 | - | - | - | - | 7,394 | - | - | - |
Transfers of loans receivable held for investment to REO | |||||||||
- | - | 958 | - | 1,202 | 3,314 | 2,288 | - | - | - |
Transfers of loans receivable held for investment to REO | |||||||||
- | - | - | - | - | - | - | 9,817 | - | - |
Transfers of loans receivable held for sale to REO | |||||||||
- | - | - | - | - | - | 753 | 334 | - | - |
Transfers of loans receivable held for investment to REO | |||||||||
- | - | - | - | - | - | - | - | 9,289 | 4,661 |
Transfers of loans receivable held for sale to REO | |||||||||
- | - | - | - | - | - | - | - | 1,526 | 344 |
Transfers of loans receivable held for investment to loans receivable held for sale | |||||||||
10,684 | - | 9,337 | - | 90,166 | 22,754 | 7,259 | 9,667 | 2,544 | 22,688 |
Stock cancelled for payment of tax withholding | |||||||||
14 | 108 | - | - | - | - | - | - | - | - |
Initial Recognition of Operating Lease Right-of-Use Assets | |||||||||
1,120 | - | - | - | - | - | - | - | - | - |
Initial Recognition of Operating Lease Liabilities | |||||||||
1,120 | - | - | - | - | - | - | - | - | - |
Exchange of other borrowings for common stock | |||||||||
- | - | - | - | - | - | 2,575 | - | - | - |
Exchange of dividends payable for common stock | |||||||||
- | - | - | - | - | - | 2,646 | - | - | - |
Transfer of accrued interest to senior debt | |||||||||
- | - | - | - | - | - | 535 | - | - | - |
Issuance of common stock for services | |||||||||
- | - | - | - | - | 25 | - | - | - | - |
Transfers of securities from held-to-maturity securities to available-for-sale securities | |||||||||
- | - | - | - | - | - | - | - | 10,525 | - |
Employees, excluding Directors | |||||||||
Stock-based compensation expense | |||||||||
254 | 75 | 223 | - | - | - | - | - | - | - |
Directors | |||||||||
Stock-based compensation expense | |||||||||
53 | 45 | 53 | - | - | - | - | - | - | - |