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Cash Flow Statement

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As-reported financial charting
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document9/30/20159/30/20169/30/20169/30/201612/31/2016
(in thousands)     
Cash Flows from Operating Activities 
Net income (18,803)3233,69811,9421,170
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation expense 695638646650179
Provision for loan losses 11,23526390947660
Deferred income taxes expense (benefit) 6,025(367)(1,035)(6,316)428
ESOP expense 16916019524269
Stock based compensation NANANANA2
Amortization (accretion) of premiums and discounts on investment securities, net (735)(488)8491,243456
(Accretion) amortization of loan origination fees and costs (267)(193)296748(514)
Amortization of mortgage service rights (6)(22)827315
Net gain on sale of investment securities available-for-sale (479)(83)(515)(565)0
Net (gain) loss on disposal of fixed assets 1410(1)NA
Net (gain) loss on sale of loans 460(281)00NA
Net gain on sale of secondary market loans (366)(71)(102)(116)(45)
Proceeds on sale of secondary market loans 17,6607,7384,0906,3902,287
Originations of secondary market loans (17,294)(7,667)(3,988)(6,274)(2,242)
Gain on sale of other real estate owned (330)(93)(124)(19)NA
Write down of other real estate owned 1,6483415420NA
Earnings on bank-owned life insurance (1,176)(559)(680)(517)(130)
Increase in accrued interest receivable 11782(1,162)(74)(341)
Increase in accrued interest payable (127)102473121
(Decrease) increase in other liabilities 1413091,319974(887)
Decrease (increase) in other assets (809)(114)(714)(44)88
Decrease in prepaid FDIC assessment 391NANANANA
Net Cash Provided by Operating Activities (1,850)(33)3,2469,3341,216
Cash Flows from Investing Activities 
Investment securities available-for-sale 
Purchases (93,693)(5,258)(160,103)(2,116)0
Sales 18,17116,75170,41362,8180
Maturities, calls and principal repayments 27,53414,1386,0322,437446
Investment securities held-to-maturity 
Purchases 00(4,152)0NA
Maturities, calls and principal repayments 004,45416,3912,121
Proceeds from sale of loans 1,70725,83600NA
Loan buyback for sale of loans 0(1,117)00NA
Loan purchases (31,060)(18,952)00NA
Loan originations and principal collections, net 58,36519,649(5,927)(184,548)(94,413)
Proceeds from sale of other real estate owned 3,9172,6941,1741,167NA
Additions to mortgage servicing rights (158)(160)(30)0NA
Purchases of bank-owned life insurance (6,000)NANANANA
Proceeds from cash surrender on bank-owned life insurance 03,63600NA
Proceeds from death benefit of bank-owned life insurance 1,121001,0490
Net decrease in restricted stock 1,109(465)(1,262)(659)8
Proceeds from sale of property and equipment 2001NA
Purchases of property and equipment (282)(244)(358)(752)(311)
Net Cash Used in Investing Activities (19,267)56,508(89,759)(104,212)(92,149)
Cash Flows from Financing Activities 
Net increase in deposits (56,392)(71,643)52,569136,52456,577
Proceeds from long-term borrowings 10,00014,50093,000121,00035,000
Repayment of long-term borrowings (20,085)(4,500)(38,000)(106,000)(35,000)
Increase in advances from borrowers for taxes and insurance 11266820(147)875
Return of excess stock subscription funds (20,841)NANANANA
Cash from mutual holding company reorganization 100NANANANA
Net Cash Provided by Financing Activities (87,106)(60,975)107,589151,37757,452
Net (Decrease) Increase in Cash and Cash Equivalents (108,223)(4,500)21,07656,499(33,481)
Cash and Cash Equivalent - Beginning 131,91023,68719,18740,26396,762
Cash and Cash Equivalent - Ending 23,68719,18740,26396,76263,281
Supplementary Cash Flows Information 
Interest paid 7,0715,0615,0016,7011,845
Income taxes paid 121700NA
Non-cash transfer of loans to other real estate owned 4,6039443080NA
Non-cash transfer of loans to investment securities available for sale 10,102NANANANA
Stock subscription funds transferred to shareholders' equity 34,633NANANANA
Transfer from investment securities available-for-sale to investment securities held-to-maturity 0057,5230NA
Non-cash transfer of loans to loans held for sale 10,367NANANANA
Non-cash proceeds from death benefit on BOLI 001,0390NA

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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