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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net Income (Loss) $ (37) $ 92
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Net amortization of premiums and accretion of discounts on investments 60 68
Gain on sale of loans (620) (1,098)
Proceeds from loans sold 27,609 46,229
Loans originated for sale (28,546) (47,023)
Amortization of net deferred loan origination costs   20
Depreciation and amortization 321 338
Provision for loan losses 175 225
Expense related to ESOP 50 56
Stock based compensation 228 231
Deferred income tax benefit (12) (10)
Earnings on investment in bank owned life insurance (45) (46)
Increase in accrued interest receivable (36) (112)
Increase in other assets (82) (71)
(Decrease) Increase in other liabilities (203) 154
Net cash flows from operating activities (1,138) (947)
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (8,000) (500)
Proceeds from maturities and calls of securities available-for-sale 6,999  
Proceeds from principal paydowns on securities available-for-sale 1,495 1,591
Purchases of securities held-to-maturity   (415)
Proceeds from maturities and calls of securities held-to-maturity   460
Proceeds from principal paydowns on securities held-to-maturity 24 173
Net decrease (increase) in loans 4,855 (16,599)
Purchase of restricted stock (414) (1,387)
Redemption of restricted stock 1,090 932
Purchase of premises and equipment (96) (127)
Net cash flows from investing activities 5,953 (15,872)
FINANCING ACTIVITIES    
Net increase in deposits 10,268 2,693
Proceeds from borrowings 17,646 46,550
Repayments on borrowings (33,209) (37,201)
Net (decrease) increase in official bank checks (595) 345
Net cash flows from financing activities (5,890) 12,387
Change in cash and cash equivalents (1,075) (4,432)
Cash and cash equivalents at beginning of period 6,291 10,397
Cash and cash equivalents at end of period 5,216 5,965
CASH PAID DURING THE PERIOD FOR:    
Interest $ 3,752 2,761
Income taxes   $ 336