Bancorp 34, inc. (BCTF)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities
Net income

278

556

452

-339

41

181

142

379

370

-591

811

338

-197

4,219

583

485

5

Less: Net loss from discontinued operations

-

-57

0

-852

-345

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

278

613

452

512

387

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization

138

-

-

-

162

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

180

175

173

178

162

162

144

156

154

151

Stock dividends on financial institution stock

20

23

27

27

27

25

23

18

17

17

14

11

10

10

2

2

6

Amortization of premiums and discounts on securities, net

-54

-41

-29

-23

-27

-42

-57

-72

-77

-95

-100

-93

-123

-138

-164

-127

-122

Amortization of equity awards

96

51

15

-70

103

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of ESOP awards

-

-

-

-

-

-

-

-

13

20

20

19

18

2

15

15

15

Stock-based compensation expense

-

-

-

-

-

49

154

95

93

24

0

0

0

-

-

-

-

Amortization of core deposit intangible

8

8

9

10

10

10

12

13

13

13

15

16

16

16

19

21

21

Gain on sale of loans

-

14

199

31

26

6

0

-3,230

3,353

3,383

3,557

2,544

1,964

3,161

3,241

2,595

1,688

Proceeds from sale of loans

-

1,621

1,100

535

458

137

0

-75,390

76,956

77,008

76,729

68,208

54,375

79,857

87,173

69,377

44,263

Funding of loans held for sale

-

-

-

-

-

-

-

-

72,168

69,796

71,788

67,128

45,534

63,198

82,964

73,318

47,590

Provision for loan losses

472

-150

0

85

87

225

0

71

22

25

150

150

250

-

-

-

-

Net appreciation on bank-owned life insurance

65

68

70

69

68

70

72

70

68

62

30

30

30

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

52

Net increase in bank-owned life insurance

65

68

70

69

68

70

72

70

68

62

30

30

30

-

-

-

-

Earnings on bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

Deferred income tax expense

38

-

-

-

-

-110

211

-65

1

-1,661

-393

-177

41

4,228

0

0

0

Changes in operating assets and liabilities:
Accrued interest receivable

374

-9

-41

48

88

-44

20

79

-19

4

65

15

-36

8

79

23

-20

Prepaid and other assets

-56

45

136

-130

27

-742

-168

194

390

582

-41

146

-48

-4,004

3,166

-771

1,404

Accrued interest and other liabilities

178

-28

-32

-4,565

4,894

-910

262

542

-49

644

364

257

-127

-71

443

147

97

Net cash from operating activities - continuing operations

783

2,240

1,548

-3,320

5,892

-

-

-

-

-

-

-

-

-

-

-4,677

-5,970

Net cash from operating activities - discontinued operations

-50

133

2,789

10,781

11,923

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from operating activities

732

2,373

4,338

7,461

17,816

-5,877

1,751

-4,804

1,692

5,405

3,347

-452

7,125

-

-

-

-

Cash flows from investing activities
Proceeds from principal payments on available-for-sale securities

1,669

10,302

-1,487

-4,058

1,183

10,889

-2,314

-1,386

-1,173

-1,233

-1,557

-1,352

-1,679

-1,733

-7,850

1,518

1,354

Purchases of available-for-sale securities

17,481

-

-

-

-

6,230

1,253

4,739

3,293

6,102

0

0

0

1,913

0

6,354

2,102

Net change in loans held for investment

18,176

-7,645

12,173

3,282

4,603

2,955

3,670

18,445

1,755

636

4,910

6,659

16,690

20,391

23,854

7,649

4,060

Purchases of premises and equipment

-

-

-

-8

11

-

-

20

149

269

150

64

201

652

59

56

149

Net cash from investing activities

-33,989

3,389

-17,863

-4,762

-3,430

-8,054

-2,627

-21,974

-4,025

-3,342

-3,700

-5,371

-15,211

-

-

-

-

Cash flows from financing activities
Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,373

-4,958

Net change in deposits

2,222

8,360

16,125

11,526

2,646

13,725

5,005

4,699

6,247

-4,576

11,016

-1,045

5,644

-19,787

17,920

-8,239

8,928

Net change in escrows

124

-143

110

-136

45

-63

50

-30

125

-94

74

-64

66

-168

120

-6

92

Proceeds from Federal Home Loan Bank advances

20,000

0

0

25,000

5,000

27,000

25,000

50,000

30,000

-

-

-

-

-

-

-

-

Repayments of Federal Home Loan Bank advances

10,000

0

10,000

25,000

22,000

30,000

35,000

15,000

30,000

-

-

-

-

-

-

-

-

Common stock repurchases

-

0

2,096

358

277

354

0

0

1,572

414

0

0

0

-

-

-

-

Net change in Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,000

-22,000

-16,000

2,000

Dividends paid

158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from financing activities

12,188

8,058

3,981

10,935

-14,586

10,307

-4,944

35,656

4,801

-27,086

23,146

3,889

5,711

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,754

7,021

Net change in cash and cash equivalents

-21,067

13,821

-9,544

13,635

-200

-3,625

-5,820

8,878

2,469

-25,022

22,793

-1,934

-2,375

-5,937

15,727

-9,296

-3,907

Supplemental disclosures:
Interest on deposits and advances paid

1,157

1,283

1,245

1,101

1,171

1,217

971

710

571

676

582

523

481

-

-

-

-

Interest on deposits and advances paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

379

378

Income taxes paid

-

-

-

-

-

-

-

-

-

40

-25

48

25

56

27

0

15

Loans transferred to loans held for sale

-

-1

2,490

503

431

593

0

171

1,272

-

490

2,313

124

-

-

-

-

Operating lease right-of-use assets recorded on adoption of ASU 2016-02

1,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities recorded on adoption of ASU 2016- 02

1,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans to other real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

195