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Consolidated Statements of Cash flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (480) $ (323)
Adjustments to reconcile net loss to net cash from operating activities:    
Net amortization of investment securities 134 188
Depreciation 342 318
Write-down of premises and equipment   8
Gain on sale of premises and equipment (97)  
Net gain on sale of available for sale securities   (67)
Deferred income taxes 152 (194)
Originations of mortgage loans held for sale (32,126) (31,127)
Proceeds from sales of mortgage loans held for sale 29,191 30,553
ESOP compensation 33  
Net gain on sale of mortgage loans held for sale (142) (379)
Net loss on bulk sales of mortgage loans 232  
Gain on death benefit (158)  
Net change in cash value of life insurance (101) (199)
Changes in operating assets and liabilities:    
Mortgage servicing rights (160) 107
Accrued interest receivable and other assets 345 (41)
Accrued interest payable and other liabilities (232) 325
Net cash used in operating activities (3,067) (831)
Cash Flows From Investing Activities    
Proceeds from sales of available for sale securities   14,392
Maturities, prepayments, and calls of available for sale securities 5,266 4,171
Purchases of available for sale securities (6,068)  
Net decrease (increase) in loans 29,265 (36,821)
Net capital receipts (expenditures) for premises and equipment 340 (266)
Proceeds from life insurance policies 772  
Net decrease (increase) in Federal Home Loan Bank stock 348 (382)
Net cash provided by (used in) investing activities 29,923 (18,906)
Cash Flows From Financing Activities    
Net (decrease) increase in deposits (7,424) 15,269
Net increase in advance payments by borrowers for taxes and insurance 7,899 6,982
Proceeds from stock offering 20,029  
Purchase of ESOP shares (1,755)  
Principal payments on Federal Home Loan Bank advances (17,368) (7,016)
Net cash provided by financing activities 1,381 15,235
Net increase (decrease) in cash and cash equivalents 28,237 (4,502)
Cash and cash equivalents at beginning of period 7,923 12,497
Cash and cash equivalents at end of period 36,160 7,995
Supplemental cash flow information:    
Cash paid during the year for interest 2,436 $ 1,942
Noncash activities:    
Loans transferred to foreclosed assets $ 134