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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 1,556 $ 1,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 201 513
Depreciation 346 342
Net accretion of loan portfolio discount and deposit premium (113) (144)
Net amortization on securities available for sale 357 526
(Gain) loss on sales and impairments of foreclosed assets (7) 17
Loss on sale of available for sale securities 4 204
Increase in cash surrender value of life insurance (218) (194)
ESOP compensation 138 143
Stock based compensation 338 18
Changes in operating assets and liabilities:    
Accrued interest receivable 43 14
Loans held for sale 479 (570)
Other assets (579) 42
Accrued interest payable (19) 33
Other liabilities 215 28
Net cash provided by operating activities 2,741 2,030
Cash flows from investing activities:    
Proceeds from sales of available for sale securities 4,836 12,874
Maturities, calls, paydowns on available for sale securities 7,327 8,091
Purchases of available for sale securities (15,669) (7,867)
Net (increase) decrease in loans 9,231 (27,967)
Purchases of premises and equipment (96) (109)
Proceeds from redemption of FHLB stock 165  
Purchase of FHLB stock   (225)
Purchase of Bankers' Bank stock (206)  
Proceeds from redemption of life insurance 161  
Purchase of life insurance (4) (255)
Proceeds from sale of foreclosed assets 76 792
Net cash provided by (used in) investing activities 5,821 (14,666)
Cash flows from financing activities:    
Net increase in deposits 34,047 292
Net (decrease) increase in escrow (9) 19
Repayments of FHLB advances (7,750) (2,000)
Proceeds from FHLB advances 1,500 7,000
Repurchase of common stock (1,461)  
Net cash provided by financing activities 26,327 5,311
Net increase (decrease) in cash and cash equivalents 34,889 (7,325)
Cash and cash equivalents at beginning 4,488 11,813
Cash and cash equivalents at end 39,377 4,488
Supplemental Cash Flow Disclosures:    
Cash paid for interest 2,807 2,076
Cash paid for income taxes 415 120
Loans transferred to foreclosed assets $ 84 238
Financed sales of foreclosed assets   $ 21