| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income / (loss) before attribution of non-controlling interest | |||||||||
- | - | - | - | -553 | -946 | -283 | -22,778 | -39,470 | -1,021 |
Net (loss) / income attributable to non-controlling interest, net of taxes | |||||||||
- | - | - | - | -281 | -110 | -945 | 629 | 57 | 0 |
Net loss | |||||||||
-5,936 | 5,354 | -2,853 | -1,767 | -272 | -836 | 662 | -23,407 | - | - |
Net income | |||||||||
- | - | - | - | - | - | - | - | -39,527 | - |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Net Loss | |||||||||
- | - | - | - | - | - | - | - | - | -1,021 |
Provision for (recovery of) loan losses | |||||||||
-270 | 135 | 29 | 1,495 | -2,842 | -426 | -3,327 | 16,342 | 27,114 | 7,845 |
Pension plan termination cost | |||||||||
- | - | - | - | - | 1,148 | 0 | 0 | - | - |
Deferred Tax Asset and related valuation allowance | |||||||||
- | - | - | - | - | - | - | - | -14,321 | 0 |
Provision for REO losses | |||||||||
- | - | - | - | - | - | - | - | -98 | -15 |
Stock based compensation expense | |||||||||
35 | 5 | 4 | 2 | 4 | 2 | 2 | 53 | 20 | 27 |
Depreciation and amortization expense | |||||||||
793 | 897 | 867 | 1,415 | 1,052 | 1,079 | 1,132 | 1,369 | 1,534 | 1,723 |
Market adjustment on real estate owned | |||||||||
- | - | - | - | -216 | 0 | - | - | - | - |
Amortization of intangibles | |||||||||
- | - | - | - | - | - | 0 | 76 | 127 | 806 |
Gain on sale of building | |||||||||
- | - | - | - | - | - | - | - | - | 1,172 |
Gain on sale of real estate owned, net of market value adjustment | |||||||||
209 | 237 | 0 | 35 | 5 | -257 | -808 | -216 | -202 | -14 |
Other Real Estate, Valuation Adjustments | |||||||||
- | - | -134 | - | - | - | - | - | - | - |
Loss on securities sales and redemption of equity investment, net | |||||||||
-43 | 0 | 58 | 1 | 8 | 552 | 174 | 0 | 764 | 446 |
(Gain) loss on sale of loans, net | |||||||||
29 | 0 | 4 | 499 | -2 | 1,319 | 2,250 | 257 | 8 | -212 |
Gain on sale of building | |||||||||
616 | 9,615 | 69 | 1,221 | 0 | - | - | - | - | - |
Market adjustment on held-for-sale loans | |||||||||
- | - | -47 | 1 | -28 | - | - | - | - | - |
Amortization and accretion of loan premiums and discounts and deferred charges | |||||||||
-532 | -616 | -57 | -136 | 223 | 2,280 | 417 | 229 | -130 | 0 |
Amortization and accretion of premiums and discounts - securities | |||||||||
-558 | -343 | -342 | -322 | -223 | 176 | -358 | 253 | -605 | 0 |
Assets repurchased from third parties | |||||||||
- | - | - | - | 174 | 2,116 | 4,129 | 0 | 0 | - |
Increase in accrued interest receivable | |||||||||
-4 | 440 | -837 | -76 | 224 | 310 | -52 | -598 | -685 | -158 |
Decrease in other assets | |||||||||
1,995 | 1,173 | -1,641 | 972 | -3,477 | 207 | -20 | -1,602 | 643 | 9,113 |
Increase (decrease) in other liabilities | |||||||||
-1,675 | -870 | -147 | 1,470 | 2,796 | -563 | -268 | 1,113 | 613 | 325 |
Net cash provided by (used in) operating activities | |||||||||
-8,765 | -4,985 | 827 | 420 | 3,618 | 15,546 | 20,341 | 31,528 | 4,307 | 1,468 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Purchases of investments: Available-for-sale | |||||||||
58,129 | 7,790 | 30,761 | 148 | 28,200 | 35,180 | 75,936 | 54,344 | 80,653 | 23,657 |
Purchases of securities: Held-to-maturity | |||||||||
- | - | - | 5,118 | 0 | - | - | - | 7,992 | 0 |
Proceeds from sales of investments: Available-for-sale | |||||||||
20,487 | 0 | 7,259 | 4,951 | - | - | - | - | - | - |
Proceeds from principal payments, maturities and calls of investments: Available-for-sale | |||||||||
9,308 | 5,049 | 18,676 | 39,745 | 16,209 | 51,592 | 44,830 | 23,854 | 70,993 | 40,437 |
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity | |||||||||
898 | 1,304 | 1,801 | 1,770 | 886 | 5,105 | 2,692 | 6,492 | 2,734 | 2,472 |
Proceeds from redemption of equity securities | |||||||||
9,179 | 0 | - | - | - | - | - | - | - | - |
Originations of loans held-for-investment, net of repayments | |||||||||
-46,079 | -65,062 | -54,235 | 18,998 | 66,783 | 68,450 | 35,177 | 21,267 | 10,042 | 105,570 |
Change in loans | |||||||||
- | - | - | - | -215 | - | - | - | - | - |
Loans purchased from third parties | |||||||||
- | - | 22,588 | 105,496 | 87,292 | 54,459 | 12,161 | 0 | 22,227 | - |
Market adjustment on held-for-sale loans | |||||||||
- | - | - | - | - | 231 | 32 | 1,870 | -200 | 2,136 |
Originations of Transfersof loans held-for-sale | |||||||||
- | - | - | - | - | - | - | - | 2,413 | - |
Proceeds from sale of loans held-for-sale | |||||||||
- | - | 4,798 | 730 | 0 | 21,614 | 27,840 | 32,435 | 2,413 | 2,809 |
Principal collections on loans | |||||||||
- | - | - | - | 59,097 | - | - | - | - | - |
Loans purchased from third parties | |||||||||
- | - | - | - | - | - | - | - | - | 10,760 |
Principal collections on loans | |||||||||
- | - | - | - | - | -89,570 | -76,158 | -109,542 | -98,260 | -102,330 |
Proceeds on sale of loans | |||||||||
1,766 | 2,436 | 7,255 | 18,119 | 0 | 398 | 1,718 | 2,872 | 3,335 | 349 |
Decrease in restricted cash | |||||||||
0 | -283 | 58 | -6,129 | 0 | -4,311 | 4,251 | 6,415 | 0 | 0 |
(Purchase) redemption of FHLB-NY stock, net | |||||||||
-842 | -403 | -712 | -636 | 418 | -402 | 1,335 | -1,184 | -754 | -68 |
Purchase of premises and equipment | |||||||||
2,880 | 1,602 | 262 | 574 | 289 | 305 | 218 | 144 | 502 | -3,082 |
Net proceeds from sale of building | |||||||||
0 | 18,133 | 0 | 2,113 | 0 | - | - | - | - | - |
Proceeds from sales of real estate owned | |||||||||
1,572 | 871 | 169 | 4,105 | 0 | 1,727 | 195 | 564 | 977 | 423 |
Net cash provided by investing activities | |||||||||
29,122 | 84,149 | 41,236 | -52,036 | -106,575 | -5,289 | -3,485 | 62,338 | 55,637 | 9,174 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Net decrease in deposits | |||||||||
-106,687 | 7,708 | -27,565 | 78,980 | 18,395 | 13,651 | -36,881 | -28,102 | -42,551 | -167 |
Net increase (decrease) in FHLB-NY advances and other borrowings | |||||||||
-17,000 | -11,000 | -19,000 | -15,000 | - | - | - | - | - | - |
Net (decrease) increase in FHLB-NY advances and other borrowings | |||||||||
- | - | - | - | 13,000 | -6,000 | 32,974 | -69,212 | -19,029 | 16,540 |
Capital raise | |||||||||
- | - | - | - | - | - | 0 | 51,432 | 6,655 | 0 |
Common stock repurchased | |||||||||
- | - | - | - | - | - | - | - | - | 68 |
Dividends paid | |||||||||
- | - | - | - | - | - | 0 | 364 | -712 | 1,942 |
Net cash used in financing activities | |||||||||
-123,687 | -3,292 | -46,565 | 63,980 | 31,395 | 7,651 | -3,907 | -46,246 | -54,213 | 14,363 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-103,330 | 75,872 | -4,502 | 12,364 | -71,562 | 17,908 | 12,949 | 47,620 | 5,731 | 25,005 |
Supplemental cash flow information: | |||||||||
Noncash financing and investing activities | |||||||||
Transfer of loans held-for-sale to loans held-for-investment | |||||||||
0 | 944 | 0 | - | - | - | - | - | - | 17,731 |
Change in unrealized loss on valuation of available-for-sale investments, net | |||||||||
- | - | - | - | - | - | - | - | 381 | 181 |
Transfer of loans held-for-investment to loans held-for-sale | |||||||||
- | - | 3,563 | 730 | - | - | - | - | - | 2,850 |
Transfer of loans held-for-investment to loans held-for-sale | |||||||||
- | - | - | - | 0 | 12,717 | 9,724 | 53,815 | 9,405 | 0 |
Transfers to real estate owned | |||||||||
346 | 790 | 463 | 738 | 2,775 | 954 | - | - | - | - |
Cash paid for: | |||||||||
Interest | |||||||||
5,296 | 4,584 | 6,860 | 4,085 | 3,474 | 3,576 | 4,455 | 8,454 | 9,500 | 13,764 |
Income taxes | |||||||||
123 | 225 | 134 | 217 | 161 | 130 | 69 | 708 | 1,224 | 120 |