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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net income $ 2,001
Adjustments to reconcile net income to net cash used by operating activities:  
Depreciation 43
Amortization of deferred loan fees (269)
Amortization of debt issuance costs 86
Provision for loan losses (544)
Accretion of loan discount (247)
Changes in:  
Accrued interest receivable 76
Other assets (469)
Accrued interest payable 17
Other liabilities 1,236
Net cash provided by operating activities 1,930
CASH FLOWS FROM INVESTING ACTIVITIES:  
Loan purchases (2,255)
Loan originations (7,951)
Loan principal collections 25,324
Purchase of property and equipment (176)
Sale of property and equipment 4
Net cash provided by investing activities 14,946
CASH FLOWS FROM FINANCING ACTIVITIES:  
Repayment of term debt (5,088)
Net change in notes payable 4,709
Debt issuance costs (49)
Dividends paid on preferred units (331)
Net cash (used) by financing activities (759)
Net increase (decrease) in cash and restricted cash 16,117
Cash, cash equivalents, and restricted cash at beginning of period 9,928
Cash, cash equivalents, and restricted cash at end of period 26,045
Supplemental disclosures of cash flow information  
Interest paid 5,046
Income taxes paid 20
Leased assets obtained in exchange of new operating lease liabilities 680
Lease liabilities recorded 680
Transfer of loans to foreclosed assets 479
Transfer of foreclosed assets to other assets 178
Dividends declared to preferred unit holders $ 237