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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 43 $ 1,518
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 26 18
Amortization of deferred loan fees (145) (108)
Amortization of debt issuance costs 44 41
Provision (credit) for loan losses 63 (337)
Accretion of loan discount (16) (76)
Gain on sale of loans (39)  
Loss (gain) on sale of fixed assets 8 (1)
Changes in:    
Accrued interest receivable (303) (30)
Other assets (40) (696)
Accrued interest payable (43) 17
Other liabilities (229) 2,433
Net cash provided (used) by operating activities (631) 2,779
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan purchases   (2,255)
Loan originations (13,140) (4,345)
Loan sales 10,742  
Loan principal collections 7,412 9,589
Purchase of certificates of deposit (1,754)  
Purchase of property and equipment (87) (136)
Sale of property and equipment 24 4
Net cash provided by investing activities 3,197 2,857
CASH FLOWS FROM FINANCING ACTIVITIES:    
Change in Term-debt (2,467) (2,521)
Net change in investor notes payable (280) 6,592
Debt issuance costs (24) (37)
Dividends paid on preferred units (274) (193)
Net cash provided (used) by financing activities (3,045) 3,841
Net increase (decrease) in cash and restricted cash (479) 9,477
Cash, cash equivalents, and restricted cash at beginning of period 26,045 9,928
Cash, cash equivalents, and restricted cash at end of period 25,566 19,405
Supplemental disclosures of cash flow information    
Interest paid 2,375 2,540
Income taxes paid 13 20
Supplemental disclosures of non-cash transactions    
Servicing assets recorded 58  
Leased assets obtained in exchange of new operating lease liabilities 53 680
Lease liabilities recorded 53 680
Dividends declared to preferred unit holders $ 23 $ 207