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Consolidated Statements of Cash flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ (44) $ (78)
Adjustments to reconcile net loss to net cash from operating activities:    
Net amortization of investment securities 198 695
Depreciation 512 488
Write-down of premises and equipment   8
Gain on sale of premises and equipment (96)  
Net gain on sale of available for sale securities   (67)
Deferred income taxes 216 (517)
Originations of mortgage loans held for sale (65,629) (44,173)
Proceeds from sales of mortgage loans held for sale 62,828 44,074
ESOP compensation 51  
Net gain on sale of mortgage loans held for sale (423) (585)
Gain on death benefit (158)  
Net change in cash value of life insurance (199) 430
Net gain on sale of foreclosed assets (103) 0
Changes in operating assets and liabilities:    
Mortgage servicing rights (98) 133
Accrued interest receivable and other assets 698 (419)
Accrued interest payable and other liabilities (487) 562
Net cash (used in) provided by operating activities (2,734) 551
Cash Flows From Investing Activities    
Proceeds from sales of available for sale securities   14,392
Maturities, prepayments, and calls of available for sale securities 6,885 5,892
Purchases of available for sale securities (6,743)  
Net decrease (increase) in loans 44,884 (38,767)
Net proceeds from sales of premises 1,627  
Capital expenditures for premises and equipment (1,408) (686)
Proceeds from life insurance policies 772  
Proceeds from sale of foreclosed assets 237  
Net decrease (increase) in Federal Home Loan Bank stock 348 (89)
Net cash provided by (used in) investing activities 46,602 (19,258)
Cash Flows From Financing Activities    
Net (decrease) increase in deposits (48,162) 3,005
Net increase in advance payments by borrowers for taxes and insurance 10,830 10,186
Proceeds from stock offering 20,029  
Purchase of ESOP shares (1,755)  
Proceeds from issuance of Federal Home Loan Bank advances   2,000
Principal payments on Federal Home Loan Bank advances (22,377) (25)
Net cash (used in) provided by financing activities (41,435) 15,166
Net increase (decrease) in cash and cash equivalents 2,433 (3,541)
Cash and cash equivalents at beginning of period 7,923 12,497
Cash and cash equivalents at end of period 10,356 8,956
Supplemental cash flow information:    
Cash paid during the year for interest 3,853 $ 3,045
Noncash activities:    
Loans transferred to foreclosed assets $ 134