| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
960 | 1,413 | 1,173 | ||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Amortization of premiums and accretion of discounts on securities, net | ||||||
-200 | -214 | -181 | ||||
Provision for loan losses | ||||||
12 | -200 | -700 | ||||
Stock compensation expense | ||||||
183 | 1 | 2 | ||||
Depreciation expense | ||||||
143 | 124 | 139 | ||||
ESOP compensation expense | ||||||
146 | 64 | - | ||||
Impairment loss on real estate held for sale | ||||||
104 | 31 | - | ||||
Impairment loss on land | ||||||
- | - | 55 | ||||
Deferred income taxes | ||||||
-4 | 55 | 621 | ||||
Increase in cash value of life insurance | ||||||
72 | 73 | 74 | ||||
Net realized and unrealized loss on foreclosed real estate | ||||||
- | -6 | 0 | ||||
Net gain on sales of securities available for sale | ||||||
7 | - | 39 | ||||
Decrease in accrued interest receivable | ||||||
34 | 169 | -15 | ||||
Increase in accrued interest payable | ||||||
7 | - | - | ||||
Net change in other assets and liabilities | ||||||
46 | -1,061 | 40 | ||||
Net Cash Provided By Operating Activities | ||||||
1,592 | 2,527 | 1,333 | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Proceeds from maturities of time deposits | ||||||
- | - | 999 | ||||
Purchases of securities available for sale | ||||||
12,600 | 17,203 | 10,050 | ||||
Principal collected on mortgage-backed securities available for sale | ||||||
7,844 | 8,390 | - | ||||
Principal collected on mortgage-backed securities available for sale | ||||||
- | - | 3,486 | ||||
Proceeds from maturities of securities available for sale | ||||||
934 | 1,015 | - | ||||
Proceeds from sales of securities available for sale | ||||||
278 | - | 5,078 | ||||
Principal collected on mortgage-backed securities held to maturity | ||||||
13 | 23 | - | ||||
Principal collected on mortgage-backed securities held to maturity | ||||||
- | - | 77 | ||||
Proceeds from maturities of securities held to maturity | ||||||
45 | 40 | 45 | ||||
Net decrease (increase) in loans receivable | ||||||
-3,009 | 11,380 | -96 | ||||
Proceeds from the sale of foreclosed real estate | ||||||
- | 353 | 367 | ||||
Purchase of premises and equipment | ||||||
89 | 48 | 21 | ||||
Investment in cash value of life insurance | ||||||
4 | 3 | 4 | ||||
Net Cash Provided By (Used In) Investing Activities | ||||||
-570 | -18,813 | 73 | ||||
Net increase (decrease) in deposits | ||||||
-4,139 | -785 | -2,165 | ||||
Advances from Federal Home Loan Bank | ||||||
10,000 | - | - | ||||
Proceeds from issuance of common stock | ||||||
- | 22,374 | - | ||||
Purchase of treasury stock | ||||||
497 | - | - | ||||
Cash dividends paid | ||||||
269 | 67 | - | ||||
Cash dividends paid to Mid-Southern, M.H.C. | ||||||
- | - | 62 | ||||
Cash dividends paid to minority stockholders of Bank | ||||||
- | - | 26 | ||||
Net Cash Provided By (Used In) Financing Activities | ||||||
5,095 | 21,522 | -2,253 | ||||
Net Increase (Decrease) in Cash and Cash Equivalents | ||||||
6,117 | 5,236 | - | ||||
Net Increase in Cash and Cash Equivalents | ||||||
- | - | -847 | ||||