| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
1,556 | 1,240 | 1,219 | 1,184 | 1,058 | 408 | 98 | -144 | -186 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Provision for loan losses | |||||||||||
201 | 298 | 364 | 468 | 513 | 668 | 620 | 483 | 419 | 0 | 0 | 0 |
Depreciation | |||||||||||
346 | 353 | 356 | 343 | 342 | 348 | 378 | 421 | 460 | 0 | 0 | 0 |
Net accretion of loan portfolio discount and deposit premium | |||||||||||
113 | 137 | 157 | 148 | 144 | 236 | 253 | 342 | 405 | 0 | 0 | 0 |
Net amortization on securities available for sale | |||||||||||
-357 | -397 | -453 | -491 | -526 | -535 | -525 | -521 | -525 | 0 | 0 | 0 |
(Gain) loss on sales and impairments of foreclosed assets | |||||||||||
- | - | - | - | -17 | -17 | -5 | -29 | 12 | 0 | 0 | 0 |
Loss on sale of available for sale securities | |||||||||||
-4 | -227 | -216 | -220 | -204 | 0 | 0 | 0 | - | - | - | - |
Increase in cash surrender value of life insurance | |||||||||||
218 | 198 | 197 | 195 | 194 | 191 | 191 | 192 | 196 | 0 | 0 | 0 |
Accretion of discount on FHLB advances | |||||||||||
- | - | - | - | - | - | - | - | 27 | 0 | 0 | 0 |
ESOP compensation | |||||||||||
138 | 137 | 141 | 143 | 143 | 0 | 0 | 0 | - | - | - | - |
Stock based compensation | |||||||||||
338 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Accrued interest receivable | |||||||||||
-43 | -121 | -44 | 48 | -14 | 117 | 105 | 32 | 22 | 0 | 0 | 0 |
Loans held for sale | |||||||||||
-479 | 918 | 1,951 | 0 | 570 | 128 | -131 | -268 | -483 | 0 | 0 | 0 |
Other assets | |||||||||||
579 | 278 | -110 | -132 | -42 | -908 | -529 | -378 | -366 | 0 | 0 | 0 |
Accrued interest payable | |||||||||||
-19 | 299 | 260 | 153 | 33 | 63 | 37 | 3 | 8 | 0 | 0 | 0 |
Other liabilities | |||||||||||
215 | 81 | 1,342 | 223 | 28 | -211 | 13 | -109 | -323 | 0 | 0 | 0 |
Net cash provided by operating activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash provided by operating activities | |||||||||||
2,741 | 1,882 | 2,369 | 3,049 | 2,030 | 0 | 0 | 0 | - | - | - | - |
Cash flows from investing activities: | |||||||||||
Proceeds from sales of available for sale securities | |||||||||||
- | 0 | 0 | 11,572 | - | 0 | 0 | 0 | - | - | - | - |
Maturities, calls, paydowns on available for sale securities | |||||||||||
7,327 | 6,622 | 7,328 | 7,579 | 8,091 | 7,382 | 7,622 | 7,946 | 8,081 | 0 | 0 | 0 |
Purchases of available for sale securities | |||||||||||
- | 0 | 0 | 3,209 | - | 24,935 | 25,939 | 32,646 | 25,029 | 0 | 0 | 0 |
Net (increase) decrease in loans | |||||||||||
-9,231 | -4,083 | 187 | 21,968 | 27,967 | 21,772 | 28,240 | 12,087 | 5,793 | 0 | 0 | 0 |
Purchases of premises and equipment | |||||||||||
96 | 60 | 83 | 92 | 109 | 152 | 115 | 185 | 357 | 0 | 0 | 0 |
Proceeds from redemption of FHLB stock | |||||||||||
165 | 0 | 0 | 0 | - | - | - | 0 | - | - | - | 0 |
Proceeds from sale of equipment | |||||||||||
- | - | - | - | - | - | - | - | 2,153 | 0 | 0 | 0 |
Purchase of life insurance | |||||||||||
- | - | - | - | - | - | - | - | 10 | 0 | 0 | 0 |
Proceeds from sale of foreclosed assets | |||||||||||
- | - | - | - | 792 | 1,042 | 1,824 | 1,665 | 1,458 | 0 | 0 | 0 |
Net cash (used) provided by investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash provided by (used in) investing activities | |||||||||||
5,821 | 12,224 | 12,664 | -6,183 | -14,666 | 0 | 0 | 0 | - | - | - | - |
Cash flows from financing activities: | |||||||||||
Net increase in deposits | |||||||||||
34,047 | -7,487 | 11,133 | -6,198 | 292 | -26,913 | -18,534 | 6,602 | -1,726 | 0 | 0 | 0 |
Net (decrease) increase in escrow | |||||||||||
-9 | -54 | -41 | 4 | 19 | -8 | 116 | 125 | 3 | 0 | 0 | 0 |
Net increase (decrease) in FHLB open line of credit | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Repayments of FHLB advances | |||||||||||
7,750 | 0 | 0 | 0 | - | - | - | - | 6,000 | 0 | 0 | 0 |
Proceeds from FHLB advances | |||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 |
Repurchase of common stock | |||||||||||
1,461 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash (used) provided in financing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Net cash provided by financing activities | |||||||||||
26,327 | -13,902 | -12,029 | -3,513 | 5,311 | 0 | 0 | 0 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||||
34,889 | 204 | 3,004 | -6,647 | -7,325 | -28,198 | -3,386 | 4,215 | 4,902 | 0 | 0 | 0 |
Supplemental Cash Flow Disclosures: | |||||||||||
Cash paid for interest | |||||||||||
2,807 | 2,476 | 2,375 | 2,215 | 2,076 | 0 | 0 | 0 | - | - | - | - |
Cash paid for interest | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Cash paid for income taxes | |||||||||||
- | - | - | - | 120 | 0 | 0 | 0 | - | - | - | - |
Loans transferred to foreclosed assets | |||||||||||
- | - | - | - | 238 | 593 | 779 | 883 | 1,118 | 0 | 0 | 0 |
Financed sales of foreclosed assets | |||||||||||
- | - | - | - | 21 | 0 | 0 | 0 | - | - | - | - |