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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 Income $ 120 $ 204
Adjustments to Reconcile Net Income to Net Cash (Used in) Provided by Operating Activities:    
Provision (Credit) for Loan Losses (9) (11)
Depreciation Expense 64 30
Amortization of FHLB Advance Prepayment Penalty 54 54
Provision for Deferred Income Taxes 55  
Net Amortization of Premium/Discount on Mortgage-Backed Securities 10 11
Stock Dividend on Federal Home Loan Bank Stock (32) (24)
Non-cash Compensation for ESOP 41  
Net decrease (increase) in Loans Held-for-Sale (2,169) (161)
Changes in Assets and Liabilities:    
Decrease (increase) in Accrued Interest Receivable   (1)
(Increase) in CSV of Life Insurance (70) (70)
(Increase) decrease in Prepaid Expenses and Other Assets (101) 71
(Decrease) increase in Accrued Expenses and Other Liabilities (1,416) 140
Net Cash (Used in) Provided by Operating Activities (3,453) 243
Cash Flows from Investing Activities:    
Net decrease (increase) in Loans 552 (2,181)
Purchases of Interest-Bearing Deposits (1,748) (1,000)
Proceeds from Maturities of Interest-Bearing Deposits 500 1,000
Purchases of Investment Securities (1,991) (1,976)
Proceeds from Sales, Calls and Principal Repayments of Investment Securities 1,061 909
Purchases of Premises and Equipment (19) (43)
Net Cash (Used in) Investing Activities (1,645) (3,291)
Cash Flows from Financing Activities:    
Net Increase in Deposits 2,157 5,776
Proceeds from Stock Offering 13,116  
Loan to ESOP for Purchase of Stock (1,144)  
Advances from Federal Home Loan Bank 5,000 11,500
Payments on Advances from Federal Home Loan Bank (7,500) (12,544)
Net (Decrease) in Advance Payments by Borrowers for Taxes and Insurance   126
Net Cash Provided by Financing Activities 11,629 4,858
Net (Decrease) Increase in Cash and Cash Equivalents 6,531 1,810
Cash and Cash Equivalents at Beginning of Period 3,090 713
Cash and Cash Equivalents at End of Period 9,621 2,523
Cash Paid for:    
Interest 1,450 1,169
Supplemental Schedule for Noncash Investing and Financing Activities:    
Change in the Unrealized Gain/Loss on Investment Securities $ 119 $ 175