Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
OPERATING ACTIVITIES
Net income	$ 404,635	$ 104,570	$ 602,966	$ 217,283	$ 436,345
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	227,800	50,000	240,300	95,500
Depreciation			137,737	84,728
Net amortization of investment securities			61,728	16,997
Loss (gain) on sale of portfolio loans			(85,758)	12,178
Origination of loans held for sale			(24,859,683)	(5,196,550)
Proceeds from sale of loans			25,640,078	5,345,189
Gain on sale of loans			(780,395)	(148,639)
Gain on other real estate owned				(380)
Amortization (accrection) of net deferred loan origination costs			(5,507)	46,858
Deferred income tax provision				10,625
Gain on sale of investments			(35,567)	(50,593)
Increase in accrued interest receivable			(480,001)	(37,098)
Increase (decrease) in accrued interest payable			(951)	54,957
Stock compensation expense			28,700	3,865
Amortization of ESOP			16,062	18,860
Increase in bank owned life insurance			(44,815)	(32,563)
Other, net			(55,508)	105,360
Net cash provided by operating activities			379,385	546,577
INVESTING ACTIVITIES
Purchase of certificates of deposit			(1,979,000)	(2,217,000)
Redemption of certificates of deposit				348,000
Investment securities available for sale:
Purchases			(2,084,360)
Proceeds from sales			3,039,020	2,943,675
Proceeds from principal repayments, calls, and maturities			1,043,999	813,506
Investment securities held to maturity:
Proceeds from principal repayments, calls, and maturities			1,040	1,309
Redemption of Federal Home Loan Bank stock			224,500	32,800
Purchase of Federal Home Loan Bank stock			(951,700)	(145,200)
Purchases of loans			(4,879,240)	(1,238,400)
Decrease (increase) in loans receivable, net			(12,315,649)	(2,231,184)
Proceeds from sale of portfolio loans			5,802,941	3,569,527
Proceeds from sale of other real estate owned			44,397	60,312
Purchases of premises and equipment			(128,901)	(49,522)
Net cash (used in) provided by investing activities			(12,182,953)	1,887,823
FINANCING ACTIVITIES
Increase in deposits, net			21,457,881	6,181,494
Increase in advances by borrowers for taxes and insurance			141,681	326,232
Proceeds from PPPLF advances			17,307,882
Refund on offering expenses				1,005
Net cash provided by financing activities			38,907,444	6,508,731
Increase (decrease) in cash and cash equivalents			27,103,876	8,943,131
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			21,880,788	9,034,070	9,034,070
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 48,984,664	$ 17,977,201	48,984,664	17,977,201	$ 21,880,788
Cash paid during the year for:
Interest			1,769,203	1,783,835
Income taxes				22,622
Noncash investing activities:
Loans held for investment transferred to loans held for sale			$ 5,717,183	$ 3,581,705

SSB Bancorp, Inc. 10-Q