Coastway bancorp, inc. (CWAY)
CashFlow / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net income

1,407

447

229

984

817

562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

639

606

347

302

373

212

-111

-184

-882

-31

8

-309

554

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

207

362

122

100

153

60

132

89

145

109

129

196

72

99

36

115

114

167

229

129

127

82

Loans originated for sale

40,806

44,084

59,631

57,092

55,903

39,350

57,795

66,988

60,381

33,905

39,250

48,800

45,726

37,710

32,681

43,431

35,193

23,500

32,506

46,009

50,950

37,115

Loans sold

33,298

47,537

59,501

61,674

50,023

57,149

63,638

63,841

50,534

40,978

31,953

55,535

40,943

37,671

37,186

43,571

29,794

24,363

37,014

52,202

43,434

38,022

Gain on sale of mortgage loans, net

678

428

1,065

1,236

1,113

877

918

1,436

975

798

738

757

529

549

-

-

-

-

-

-

-

-

Gain on sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

0

0

0

328

-

-

-

-

-

-

52

107

Amortization of deferred loan costs

-279

-280

-270

-245

-234

-259

-292

-269

-289

-226

-233

-230

-172

-183

-186

-165

-176

-151

-167

-129

-121

-115

Provision on foreclosed real estate

18

-27

-

-

-

-

-

-

-

-

-45

-12

-9

-60

0

0

-91

-38

-221

209

-213

-6

Loss on real estate held for sale

-

-

-

-

-

-

0

0

0

-11

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

363

368

367

362

363

356

331

345

330

320

321

310

330

316

311

294

253

250

244

243

239

233

Income from Bank-owned life insurance

31

30

32

31

32

38

31

31

32

32

33

34

34

34

38

31

32

31

-

-

-

-

Deferred income tax expense (benefit)

0

-2

201

-214

-20

-114

-307

-132

-174

507

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

-

-109

73

83

276

-122

-187

-545

-

-

-232

68

Issuance of common stock to Coastway Cares Charitable Foundation II

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,221

-

-

-

-

ESOP expense

109

90

81

79

78

67

56

51

49

50

48

43

44

44

-

-

-

-

-

-

-

-

Stock-based compensation

46

45

96

7

51

42

36

36

36

18

-

-

-

-

-

-

-

-

-

-

-

-

ESOP expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-41

-

-

-

-

Net change in:
Accrued interest receivable

159

146

99

147

126

-8

52

16

0

116

-

-

-

-

89

42

33

-5

-

-

-

27

Prepaid FDIC insurance assessment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-256

-80

Other, net

528

2,401

-5,697

2,692

860

952

-2,865

-659

1,421

-1,098

760

-2,090

3,040

-2,037

1,043

2,285

-1,717

-287

-148

972

-759

388

Net cash provided (used) by operating activities

-6,511

2,065

5,737

2,040

-6,335

17,172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Purchase of FHLB stock

1,964

1,105

-

-

-

-

127

1,033

1,000

317

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

9,105

-7,293

9,349

-7,195

2,245

2,480

-1,798

-3,051

1,565

4,546

5,914

-5,885

1,523

Purchase of and increase in certificates of deposit

-

-

-

-

-

-

10

0

5

10

10

10

3,033

5

8

8

0

3,000

-

-

-

-

Redemption of FHLB stock

-

-

0

0

327

511

1,476

0

0

100

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-342

Loan originations, net of principal payments

-

19,242

-

-

-

3,992

-1,212

14,581

12,522

16,678

9,443

8,718

7,832

6,015

11,560

4,101

17,440

12,121

10,923

8,367

3,586

13,627

Purchase of loans from third party originators

36,289

29,017

22,211

8,932

8,075

5,198

2,657

6,082

1,331

7,737

13,180

26,506

11,933

5,764

-

-

-

-

-

-

-

-

Purchases of premises and equipment

27

59

165

729

589

388

78

756

120

391

172

215

59

355

294

9,380

896

179

1,870

1,044

785

560

Proceeds from portfolio loans sold

-

-

-

-

-

-

-

-

-

-

-62

0

62

4,492

-

-

-

-

-

-

866

3,724

Proceeds from sale of real estate held for sale

-

-

-

-

-

-

0

0

0

3,294

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

332

43

519

354

-

-

-

-

78

0

239

736

Net cash used by investing activities

-44,820

-49,423

-31,356

-27,667

-30,295

-9,067

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-21,739

-23,238

-36,779

-22,276

-7,293

-16,273

-18,971

-18,005

-15,300

-12,556

-13,570

-3,266

-9,385

Net increase in deposits

12,976

12,012

8,480

-2,891

14,717

9,336

56,359

4,099

10,878

2,459

15,356

-8,521

7,492

15,648

-558

-2,588

3,540

13,234

-8,568

8,492

5,747

16,452

Net change in short-term borrowed funds

41,650

27,625

28,675

25,059

26,691

-20,000

-44,800

25,450

17,850

5,500

21,000

37,500

20,000

-9,500

14,500

24,000

8,000

-26,000

17,000

-3,000

8,000

-9,000

Restricted stock forfeited for tax withholdings

0

59

-

-

0

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowed funds

-

-

-

-

-

-

-

-

-

-

0

0

0

1,300

0

0

0

700

0

0

11

1,332

Repurchase of common stock

-

-

0

0

80

253

1,549

0

3,988

628

553

370

435

97

-

-

-

-

-

-

-

-

Net cash provided by financing activities

54,626

39,578

37,103

22,212

41,328

-10,961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

3,295

-7,780

11,484

-3,415

4,698

-2,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46,345

-

-

-

-

Conversion of stock subscriptions to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

43,398

-

-

-

-

Purchase of common stock by ESOP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,959

-

-

-

-

Net cash provided (used) by financing activities

-

-

-

-

-

-

-

-

-

7,331

35,803

28,609

27,057

4,751

13,942

21,412

11,540

-14,478

51,830

5,492

13,736

6,120

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-5,303

5,272

1,179

-2,414

-297

149

643

-9,516

-28,213

43,820

-2,164

4,585

-1,742

Supplemental cash flow information:
Interest paid on deposits

815

805

773

740

733

705

611

515

499

485

481

487

526

544

564

574

579

587

618

619

628

633

Interest paid on borrowed funds

1,169

702

498

432

307

208

182

200

138

140

68

44

25

40

32

23

14

25

33

30

26

46

Income taxes paid

0

350

-

-

1,716

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

300

990

475

406

10

80

100

0

0

126

76

0

0

452

150

Loans transferred to foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

270