| Dec'18 | Dec'17 | Dec'16 | Dec'15 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
226 | -116 | 109 | 393 | |||
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
706 | 831 | 846 | 713 | |||
Provision for Loan and Lease Losses | ||||||
78 | 76 | 60 | 190 | |||
Charitable contribution - donation of building | ||||||
- | - | - | 260 | |||
ESOP expenses | ||||||
63 | 67 | 60 | 0 | |||
Deferred taxes on income | ||||||
15 | 236 | -75 | -82 | |||
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | ||||||
-14 | 0 | 144 | 207 | |||
Gain on sales of one-to-four family residential loans | ||||||
4 | 11 | 19 | 22 | |||
Proceeds from sales of one-to-four family residential loans | ||||||
568 | 861 | 1,448 | 2,599 | |||
Originations of one-to-four family residential loans | ||||||
563 | 850 | 1,429 | 2,577 | |||
Loss on sale of other real estate owned | ||||||
-14 | 9 | -20 | - | |||
Gain (Loss) on Disposition of Property Plant Equipment | ||||||
435 | 0 | - | 137 | |||
Write-downs of other real estate owned | ||||||
48 | 0 | - | 7 | |||
Bank Owned Life Insurance Income | ||||||
92 | 116 | 21 | 0 | |||
Change in: | ||||||
Accrued interest receivable | ||||||
-14 | 16 | 14 | -28 | |||
Prepaid expenses and other assets | ||||||
-52 | -137 | 96 | 424 | |||
Advance payments by borrowers for taxes and insurance | ||||||
28 | 35 | 61 | 58 | |||
Accrued interest payable | ||||||
4 | 10 | -5 | 4 | |||
Accrued expenses and other liabilities | ||||||
-68 | -205 | -97 | 415 | |||
Income tax receivable | ||||||
-5 | -20 | 60 | -41 | |||
Net cash used in operating activities | ||||||
676 | 951 | 640 | 1,260 | |||
Cash flows from investing activities: | ||||||
Purchase of bank-owned life insurance | ||||||
- | - | 3,000 | 0 | |||
Proceeds from maturity of time deposits in other financial institutions | ||||||
3,925 | 6,134 | 5,291 | 8,743 | |||
Purchase of time deposits in other financial institutions | ||||||
3,920 | 5,643 | 7,378 | 6,599 | |||
Proceeds from calls and maturities of investment securities available-for-sale | ||||||
6,158 | 7,608 | 6,046 | 5,089 | |||
Proceeds from sale of securities available-for-sale | ||||||
2,121 | 0 | 14,002 | 18,562 | |||
Purchase of securities available-for-sale | ||||||
9,853 | 6,444 | 29,329 | 19,924 | |||
Purchase of loans | ||||||
0 | 9,789 | 0 | - | |||
Net change in loans receivable | ||||||
-3,963 | -1,865 | 3,174 | 2,544 | |||
Net change in FHLB stock | ||||||
406 | 348 | -97 | 279 | |||
Proceeds from sale of land | ||||||
685 | 0 | - | - | |||
Proceeds from sale of other real estate owned | ||||||
- | - | - | 200 | |||
Purchase of office property and equipment | ||||||
55 | 44 | 88 | 1,036 | |||
Net cash used in investing activities | ||||||
2,747 | -6,662 | -17,532 | 2,211 | |||
Cash flows from financing activities: | ||||||
Net change in deposits | ||||||
-4,162 | 650 | -990 | -4,834 | |||
Net change in FHLB advances | ||||||
10,000 | 8,500 | -2,500 | 7,000 | |||
Stock sale proceeds | ||||||
- | - | 15,744 | 0 | |||
Merger of WCF MHC into WCF Bancorp, Inc. | ||||||
- | - | 793 | 0 | |||
Cash paid for Treasury Stock | ||||||
- | - | - | 331 | |||
Dividends paid | ||||||
480 | 479 | 390 | 423 | |||
Stock offering costs | ||||||
- | - | 1,609 | 55 | |||
Net cash used in financing activities | ||||||
5,356 | 8,671 | 11,048 | 1,355 | |||
Net decrease in cash and cash equivalents | ||||||
8,780 | 2,959 | -5,843 | 4,826 | |||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the year for: | ||||||
Interest | ||||||
1,039 | 643 | 644 | 608 | |||
Taxes on income | ||||||
0 | -38 | 127 | - | |||
Taxes on income | ||||||
- | - | - | 70 | |||
Noncash investing activities: | ||||||
Transfers to other real estate owned from loans | ||||||
588 | 86 | 141 | 13 | |||
Loans to finance the sale of other real estate owned | ||||||
24 | 73 | 59 | 0 | |||
Deferred taxes assumed in mutual conversion | ||||||
- | - | 69 | 0 | |||