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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 348 $ (308)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
(Credit) provision for loan losses (24) 189
Depreciation and amortization 51 46
Net (accretion) amortization of fees, premiums and discounts (59) 38
Decrease (increase) in accrued interest receivable 223 (8)
Amortization of right of use asset 37 38
Net decrease in operating lease liabilities (35) (34)
(Increase) decrease in other assets (401) 24
Increase (Decrease) in official checks and other liabilities 110 (17)
Net cash provided by (used in) operating activities 250 (32)
Cash flows from investing activities:    
Purchase of debt securities available for sale (5,193)
Principal repayments of debt securities available for sale 740 514
Principal repayments of debt securities held-to-maturity 954 340
Net increase in loans (15,686) (5,205)
Purchases of premises and equipment (49) (140)
Redemption (purchase) of FHLB stock 299 (449)
Net cash used in investing activities (18,935) (4,940)
Cash flows from financing activities:    
Net increase in deposits 18,750 4,387
Net (decrease) increase in FHLB Advances (5,000) 10,000
Proceeds from sale of preferred stock 4,000
Proceeds from sale of common stock 539
Net cash provided by financing activities 17,750 14,926
Net (decrease) increase in cash and cash equivalents (935) 9,954
Cash and cash equivalents at beginning of the period 54,629 8,934
Cash and cash equivalents at end of the period 53,694 18,888
Cash paid during the period for:    
Interest 290 460
Income taxes
Noncash transaction -    
Change in accumulated other comprehensive loss, net change in unrealized (loss) gain on debt securities available for sale, net of income taxes (900) 53
Amortization of unrealized loss on debt securities transferred to held-to-maturity 47 24
Right-of use lease assets obtained in exchange for operating lease liabilities 191
Issuance of common stock for Junior Subordinated Debenture interest payable $ 41