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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net income $ 251 $ 187
Adjustments to reconcile net income to net cash flows from operating activities:    
Net amortization of premiums and accretion of discounts on investments 71 221
Gain on sale of loans (1,017) (860)
Proceeds from loans sold 32,564 12,627
Loans originated for sale (31,900) (14,364)
Amortization of net deferred loan origination costs 310 163
Depreciation and amortization 216 223
Provision for loan losses 112 90
Expense related to ESOP 26 22
Deferred income tax benefit (42) (115)
Earnings on investment in bank owned life insurance (31) (33)
Decrease (Increase) in accrued interest receivable (47) 29
Increase in other assets (375) (849)
Increase (Decrease) in other liabilities (398) 194
Net cash flows from operating activities (260) (2,465)
INVESTING ACTIVITIES    
Purchases of securities available-for-sale (3,503) (6,363)
Proceeds from maturities and calls of securities available-for-sale 1,000 5,910
Proceeds from principal paydowns on securities available-for-sale 1,830 1,742
Purchases of securities held-to-maturity (932)
Proceeds from maturities and calls of securities held-to-maturity 715 5,842
Proceeds from principal paydowns on securities held-to-maturity 90 258
Net increase in loans (16,300) (8,161)
Purchase of restricted stock, net (23) 68
Purchase of premises and equipment (240) (429)
Net cash flows from investing activities (16,431) (2,065)
FINANCING ACTIVITIES    
Net increase in deposits 18,901 26,272
Proceeds from long-term borrowings 6,501 3,500
Repayments on long-term borrowings (7,666) (5,351)
Repayments from short-term borrowings, net (500)
Net increase (decrease) in official bank checks 277 (885)
Net cash flows from financing activities 17,513 23,536
Change in cash and cash equivalents 822 19,006
Cash and cash equivalents at beginning of period 7,407 6,147
Cash and cash equivalents at end of period 8,229 25,153
CASH PAID DURING THE PERIOD FOR:    
Interest 1,241 1,097
Income taxes $ 88