| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Interest received | ||||||
18,587 | 16,415 | 11,704 | 9,788 | 11,008 | 12,491 | 13,314 |
Fees and commissions received | ||||||
583 | 522 | 817 | 417 | 547 | 359 | 250 |
Interest paid | ||||||
4,427 | 4,004 | 2,029 | 1,661 | 1,926 | 2,854 | 3,985 |
Cash paid to suppliers and employees | ||||||
13,059 | 11,216 | 9,259 | 8,216 | 8,986 | 7,018 | 6,536 |
Origination of loans held for sale | ||||||
0 | 2,017 | 3,969 | 3,305 | 2,162 | 3,758 | 1,567 |
Proceeds from sale of loans held for sale | ||||||
0 | 2,300 | 4,336 | 2,759 | 2,387 | 3,603 | 1,573 |
Income taxes payable (refundable) | ||||||
10 | 1,455 | - | - | -1,334 | 796 | - |
Increase in deferred tax asset | ||||||
- | - | 204 | - | - | - | - |
Income taxes paid | ||||||
- | - | - | - | - | - | 981 |
Net cash provided by operating activities | ||||||
1,673 | 543 | - | - | - | - | 2,066 |
Cash flows from investing activities | ||||||
Proceeds from maturing and called securities available for sale, including principal pay downs | ||||||
15,124 | 28,963 | 21,322 | 23,994 | 21,309 | 50,774 | - |
Acquisition, net of cash acquired | ||||||
0 | 10,508 | 12,723 | 0 | - | - | - |
Purchase of certificate of deposit | ||||||
- | - | - | - | - | - | 248 |
Proceeds from maturities of certificates of deposit in other banks | ||||||
- | - | - | - | - | 248 | - |
Proceeds from sale of investment securities available for sale | ||||||
11,608 | 4,282 | 19,228 | 11,776 | 13,224 | 16,237 | 17,481 |
Proceeds from sale of certificates of deposit held for investment | ||||||
0 | 1,730 | 0 | - | - | - | - |
Proceeds from maturing and called certificates of deposit | ||||||
0 | 1,724 | 514 | 0 | - | - | - |
Proceeds from maturing and called securities available for sale, including principal pay downs | ||||||
- | - | - | - | - | - | 47,041 |
Purchase of investment securities available for sale | ||||||
1,208 | 50,585 | 8,020 | 23,242 | 27,649 | 88,036 | 57,196 |
Redemption of Federal Home Loan Bank stock | ||||||
0 | 210 | 0 | - | - | - | - |
Purchase (redemption) of Federal Home Loan Bank stock | ||||||
1,102 | 405 | 3 | 256 | -134 | -101 | -1 |
Proceeds from Bank Owned Life Insurance death benefit | ||||||
2,116 | 0 | - | - | - | - | - |
Loans made, net of principal repayments | ||||||
-2,256 | 10,461 | 8,018 | 15,847 | -13,290 | - | - |
Purchase of loan portfolios | ||||||
54,556 | 0 | - | - | - | - | - |
Loans made, net of principal repayments | ||||||
- | - | - | - | - | 8,607 | 4,595 |
Purchase of Bank-owned life insurance | ||||||
- | - | - | - | - | 3,000 | - |
Purchase of premises and equipment | ||||||
719 | 273 | 75 | 145 | 93 | 301 | 431 |
Proceeds from sale of premises and equipment | ||||||
767 | 442 | 463 | 23 | 224 | 13 | - |
Proceeds from sale of foreclosed real estate | ||||||
35 | 60 | 11 | 0 | 601 | 422 | - |
Net cash used by investing activities | ||||||
- | - | 12,699 | -3,698 | 21,042 | -14,933 | - |
Proceeds from sale of fixed assets | ||||||
- | - | - | - | - | - | 10 |
Net cash provided (used) by investing activities | ||||||
-25,676 | -34,822 | - | - | - | - | 11,255 |
Cash flows from financing activities | ||||||
Net increase (decrease) in Deposits | ||||||
-7,295 | -10,529 | 38,312 | -16,501 | -21,286 | -20,850 | -17,477 |
Advances by borrowers for taxes and insurance | ||||||
94 | 788 | 460 | -50 | -99 | -137 | - |
Proceeds from borrowings | ||||||
40,000 | 11,578 | 0 | 6,000 | - | - | - |
Payments of borrowings | ||||||
15,027 | 5,501 | 2,000 | 0 | - | - | - |
Interest rate swap on FHLB borrowings | ||||||
-300 | 83 | - | - | - | - | - |
Issuance of restricted stock | ||||||
0 | -0 | - | - | - | - | - |
Interest rate swap on FHLB borrowings | ||||||
- | - | 0 | - | - | - | - |
Issuance of restricted stock | ||||||
- | - | 0 | - | - | - | - |
Redemption of restricted stock | ||||||
54 | 69 | 63 | 0 | - | - | - |
Repurchase of common stock | ||||||
- | - | - | 2,526 | - | 2,962 | - |
Net increase (decrease) in Advances by borrowers for taxes and insurance | ||||||
- | - | - | - | - | - | 68 |
Proceeds from issuance of common stock | ||||||
- | - | - | - | - | 35,579 | - |
Repurchase of common stock | ||||||
- | - | - | - | 2,753 | - | - |
Net cash provided by financing activities | ||||||
- | - | 36,710 | -13,078 | -24,139 | 11,627 | - |
Net cash (used) provided by financing activities | ||||||
18,017 | -3,816 | - | - | - | - | -17,545 |
Net increase (decrease) in cash and cash equivalents | ||||||
-5,985 | -38,094 | 50,804 | - | -895 | -1,280 | -4,223 |
Net decrease in cash and cash equivalents | ||||||
- | - | - | -16,429 | - | - | - |
Total cash consideration paid | ||||||
- | - | - | 0 | - | - | - |
Less cash acquired | ||||||
0 | 15,196 | 1,468 | 0 | - | - | - |
Acquisition, net of cash acquired | ||||||
0 | 10,508 | 12,723 | 0 | - | - | - |
Reconciliation of net income (loss) to net cash provided by operating activities | ||||||
Net income (loss) | ||||||
-6,048 | -928 | -92 | -314 | -1,195 | -172 | 131 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||||||
Amortization of premiums on certificates of deposit | ||||||
0 | 12 | 12 | 0 | - | - | - |
Amortization of premiums on securities | ||||||
-822 | -840 | -387 | -462 | 661 | 1,512 | 770 |
Loss on sale of investment securities | ||||||
-2 | 23 | - | - | - | - | - |
Loss on sale of foreclosed real estate | ||||||
-1 | -6 | 0 | 0 | 154 | 5 | - |
Write-down of foreclosed real estate | ||||||
31 | 0 | - | 221 | - | - | - |
Loss (gain) on sale of investment securities | ||||||
- | - | 271 | 271 | 171 | 230 | 385 |
Loan discount accretion | ||||||
-225 | -841 | -9 | 0 | - | - | - |
Writedown of foreclosed real estate | ||||||
- | - | - | - | 339 | - | - |
Amortization of premiums on loans | ||||||
- | - | - | - | 15 | 23 | 23 |
Deposit premium amortization | ||||||
-417 | -597 | -104 | 0 | -10 | -47 | -121 |
Borrowing premium amortization | ||||||
-425 | -551 | -83 | 0 | - | - | - |
Core deposit intangible asset amortization | ||||||
126 | 121 | 62 | 33 | 41 | 51 | 63 |
Premises and equipment depreciation and amortization | ||||||
325 | 334 | 278 | 252 | 310 | 353 | 294 |
Gain on death benefit from bank-owned life insurance | ||||||
834 | 0 | - | - | - | - | - |
Gain on sale of premises and equipment | ||||||
-97 | 5 | -407 | 1 | - | - | - |
Gain on sale of property and equipment | ||||||
- | - | - | - | - | -6 | - |
Gain on sale of property and equipment | ||||||
- | - | - | - | 82 | - | - |
Stock based compensation | ||||||
460 | 444 | 434 | 420 | 70 | - | - |
Gain on disposal of fixed assets | ||||||
- | - | - | - | - | - | -4 |
Provision for credit losses | ||||||
1,575 | 3,395 | 440 | 170 | 1,873 | 1,729 | 2,718 |
ESOP shares allocated for release | ||||||
198 | 186 | 186 | 175 | - | - | - |
ESOP shares allocated for release | ||||||
- | - | - | - | 185 | - | - |
ESOP shares allocated for release | ||||||
- | - | - | - | - | 160 | - |
Deferred income taxes | ||||||
- | - | - | - | - | 397 | -998 |
Decrease (increase) in: | ||||||
Accrued interest receivable | ||||||
158 | 361 | 112 | 46 | 71 | 74 | 163 |
Loans held for sale | ||||||
0 | -259 | -321 | 581 | 196 | -196 | - |
Cash surrender value of life insurance | ||||||
484 | 485 | 349 | 357 | -379 | - | -310 |
Cash surrender value of life insurance | ||||||
- | - | - | - | - | 315 | - |
Income taxes refundable and deferred income taxes | ||||||
-8,041 | 2,213 | -217 | -228 | 342 | -1,222 | - |
Other assets | ||||||
1,074 | -2,565 | -377 | -180 | -161 | -199 | 108 |
Increase (decrease) in: | ||||||
Accrued interest payable | ||||||
2 | 15 | 3 | -0 | -0 | -5 | -2 |
Income taxes payable | ||||||
- | - | - | - | - | -278 | -100 |
Deferred loan origination fees | ||||||
-69 | -3 | -36 | 16 | 24 | -4 | -106 |
Other liabilities | ||||||
-217 | -1,642 | 68 | -206 | -83 | 395 | -178 |
Net cash provided by operating activities | ||||||
1,673 | 543 | - | - | - | - | 2,066 |
Income taxes (paid) refund received | ||||||
- | - | - | 565 | - | - | - |
Net cash provided by operating activities | ||||||
1,673 | 543 | 1,395 | 347 | 2,201 | 2,025 | - |
Net cash (used) provided by operating activities | ||||||
1,673 | 543 | 1,395 | 347 | 2,201 | 2,025 | - |
Noncash investing activity | ||||||
Real estate acquired through foreclosure | ||||||
23 | 126 | 0 | 12 | 1,003 | 427 | 755 |