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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (452) $ (331)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 72 78
Gain on sale of securities available for sale (45)
Net amortization of fees, premiums and discounts 235 115
Common stock issued as compensation to directors 222
Common stock issued as compensation for services 128
Decrease/(increase) in other assets 2 (136)
Decrease increase in accrued interest receivable 37 112
Increase/(decrease) in official checks and other liabilities 546 (38)
Net cash provided by operating activities 440 105
Cash flows from investing activities:    
Purchase of securities available for sale (8,985)
Principal repayments of securities available for sale 1,011 1,891
Net decrease in loans 7,629 3,128
Proceeds from sale of securities available for sale 9,848
Purchase of premises and equipment, net (32) (81)
Proceeds from sale of foreclosed real estate, net 1,617
Redemption/(purchase) of Federal Home Loan Bank stock 134 (51)
Net cash provided by investing activities 8,742 7,367
Cash flows from financing activities:    
Net decrease increase in deposits (4,359) (5,430)
Net increase in advance payments by borrowers for taxes and insurance 273 307
Proceeds from sale of common stock 375
Proceeds from sale of preferred stock 75
Net (decrease) increase in FHLB Advances (3,000) 500
Net cash used in financing activities (7,086) (4,173)
Net increase in cash and cash equivalents 2,096 3,299
Cash and cash equivalents at beginning of the period 17,640 10,365
Cash and cash equivalents at end of the period 19,736 13,664
Cash paid during the period for:    
Interest 497 446
Income taxes
Noncash transaction -    
Change in accumulated other comprehensive loss, net change in unrealized loss on securities available for sale $ 44 $ 224