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Cash Flow Statement

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As-reported financial charting
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document9/30/20169/30/20179/30/20179/30/201712/31/2017
(in thousands)     
Cash Flows from Operating Activities 
Net income 7114,66812,1505,817403
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation expense 638646650724187
Provision for loan losses 263909472,7910
Deferred income taxes expense (367)(1,035)(6,316)2,0922,849
ESOP expense 16019524231196
Stock based compensation NA0011015
Amortization of premiums and discounts on investment securities, net (488)8491,243814294
Amortization (accretion) of loan origination fees and costs (193)296748(924)8
Amortization of mortgage service rights (22)82736013
Net gain on sale of real estate NANANANA(1,186)
Net gain on sale of secondary market loans (71)(102)(116)(154)(67)
Proceeds on sale of secondary market loans 7,7384,0906,3909,2705,112
Originations of secondary market loans (7,667)(3,988)(6,274)(9,116)(5,045)
Gain on sale of other real estate owned (93)(124)(19)0NA
Write down of other real estate owned 34154200NA
Earnings on bank-owned life insurance (559)(680)(517)(505)(121)
Increase in accrued interest receivable 82(1,162)(74)(581)(205)
Increase in accrued interest payable 1024731267405
Increase (decrease) in other liabilities (79)3497665631,981
(Increase) decrease in other assets (114)(714)(44)(1,058)(367)
Increase in income tax receivable NA00(225)NA
Amortization of subordinated debt NA003939
Net gain on sale of investment securities available for sale (83)(515)(565)(463)NA
Net gain on disposal of fixed assets 410(1)0NA
Net (gain) loss on sale of loans 
(As Restated) (281)NANANANA
Net Cash Provided by Operating Activities (33)3,2469,3349,8324,411
Cash Flows from Investing Activities 
Investment securities available-for-sale 
Purchases (5,258)(160,103)(2,116)(250)(30,140)
Sales 16,75170,41362,81851,119NA
Maturities, calls and principal repayments 14,1386,0322,437583123
Investment securities held-to-maturity 
Purchases 0(4,152)00NA
Maturities, calls and principal repayments 04,45416,3915,350747
Proceeds from sale of loans 
(As Restated) 25,836NANANANA
Loan buyback for sale of loans 
(As Restated) (1,117)NANANANA
Loan purchases 
(As Restated) (18,952)NANANANA
Loan originations and principal collections, net 19,649(5,927)(184,548)(262,039)27,559
Net (increase) decrease in restricted stock (465)(1,262)(659)(135)(371)
Proceeds from sale of property and equipment 0010NA
Proceeds from sale of real estate 2,6941,1741,16701,315
Additions to mortgage servicing rights (160)(30)00NA
Proceeds from cash surrender on bank-owned life insurance 
(As Restated) 3,636NANANANA
Proceeds from death benefit of bank-owned life insurance 001,0490NA
Purchases of property and equipment (244)(358)(752)(1,594)(183)
Net Cash Used in Investing Activities 56,508(89,759)(104,212)(206,966)(950)
Cash Flows from Financing Activities 
Net increase in deposits (71,643)52,569136,524188,3506,703
Proceeds from long-term borrowings 14,50093,000121,000140,00035,000
Repayment of long-term borrowings (4,500)(38,000)(106,000)(140,000)(35,000)
Increase in other borrowed money NA0010,000NA
Repayment of other borrowed money NA00(5,000)NA
Increase in advances from borrowers for taxes and insurance 66820(147)(106)1,342
Net proceeds from issuance of subordinated debt NA0024,264NA
Net Cash Provided by Financing Activities (60,975)107,589151,377217,5088,045
Net Increase (Decrease) in Cash and Cash Equivalents (4,500)21,07656,49920,37411,506
Cash and Cash Equivalent - Beginning 23,68719,18740,26396,762117,136
Cash and Cash Equivalent - Ending 19,18740,26396,762117,136128,642
Supplementary Cash Flows Information 
Interest paid 5,0615,0016,7019,1792,724
Income taxes paid 1700130NA
Non-cash transfer of loans to other real estate owned 94430800NA
Transfer from investment securities available-for-sale to investment securities held-to-maturity 057,52300NA
Non-cash proceeds from death benefit on BOLI 01,03900NA

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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