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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 41,208 $ 370,627
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 162,472 175,954
Stock dividend on financial institution stock (27,000) (17,000)
Amortization of premiums and discounts on securities, net 27,718 77,246
Amortization of ESOP awards 18,059 13,964
Amortization of stock-based compensation 85,680 93,672
Amortization of core deposit intangible 10,215 13,101
Gain on sale of loans (2,744,581) (3,353,393)
Proceeds from sale of loans held for sale 76,550,254 76,956,796
Funding of loans held for sale (61,105,134) (72,168,547)
Provision for loan losses 87,500 22,000
Net appreciation on bank-owned life insurance (68,312) (68,548)
Deferred income tax (benefit) expense (1,834)
Changes in operating assets and liabilities:    
Accrued interest receivable (88,229) 19,176
Prepaid and other assets (27,839) (390,966)
Accrued interest and other liabilities 4,894,116 (49,292)
Net cash from operating activities 17,816,127 1,692,956
Cash flows from investing activities    
Proceeds from principal payments on available-for-sale securities 1,183,980 1,173,524
Purchases of available-for-sale securities (3,293,817)
Net change in loans held for investment (4,603,053) (1,755,045)
Purchases of premises and equipment (11,556) (149,942)
Net cash from investing activities (3,430,629) (4,025,280)
Cash flows from financing activities    
Net change in deposits 2,646,139 6,247,815
Net change in escrows 45,457 125,696
Proceeds from Federal Home Loan Bank advances 5,000,000 30,000,000
Repayments of Federal Home Loan Bank advances (22,000,000) (30,000,000)
Common stock repurchases (277,671) (1,572,050)
Net cash from financing activities (14,586,075) 4,801,461
Net change in cash and cash equivalents (200,577) 2,469,137
Cash and cash equivalents, beginning of period 11,774,457 9,873,178
Cash and cash equivalents, end of period 11,573,880 12,342,315
Supplemental disclosures:    
Interest on deposits and advances paid 1,171,513 571,575
Loans transferred to loans held for sale $ 431,104 $ 1,272,081