| Jun'19 | Jun'18 | Jun'17 | Jun'16 | |||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net income | ||||||
879 | 770 | 569 | - | |||
Net Income | ||||||
- | - | - | 1,026 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation | ||||||
378 | 238 | 198 | 190 | |||
Impairment of real estate owned, net | ||||||
- | 14 | - | 256 | |||
Amortization of net deferred loan costs | ||||||
-241 | -195 | -17 | 9 | |||
Amortization of net securities premiums | ||||||
-105 | -190 | -191 | -496 | |||
Loss on sale of real estate owned | ||||||
- | -3 | -12 | -20 | |||
Gain on sale of available-for-sale securities, net | ||||||
8 | 35 | 18 | - | |||
Gain on sale of available-for-sale securities | ||||||
- | - | - | 21 | |||
Gain from derivative instruments, net | ||||||
798 | -258 | -309 | - | |||
Provision for Loan Losses | ||||||
611 | 266 | 201 | 9 | |||
Deferred income taxes | ||||||
337 | -75 | -158 | 413 | |||
Amortization of deferred gain on sale-leaseback transaction | ||||||
16 | 16 | - | - | |||
Amortization of deferred gain on sale-leaseback transaction | ||||||
- | - | 16 | 16 | |||
Earnings on bank owned life insurance | ||||||
159 | 154 | 110 | 112 | |||
Stock based compensation expense | ||||||
233 | - | 44 | - | |||
ESOP compensation expense | ||||||
132 | 87 | - | - | |||
Loans held for sale: | ||||||
Originations, net of prepayments | ||||||
159,843 | 141,954 | 167,954 | 161,693 | |||
Proceeds from sales | ||||||
142,866 | 144,677 | 184,783 | 157,778 | |||
Gain on sales | ||||||
2,789 | 3,467 | 5,515 | 4,116 | |||
Change in fair value of loans held for sale | ||||||
424 | 30 | -578 | 384 | |||
Changes in assets and liabilities which provided (used) cash: | ||||||
Accrued interest receivable | ||||||
171 | 320 | 93 | 2 | |||
Prepaid income taxes | ||||||
160 | 83 | 24 | -4 | |||
Mortgage banking derivatives | ||||||
- | - | - | 530 | |||
Prepaid and Other assets | ||||||
1 | -88 | 30 | -76 | |||
Other liabilities | ||||||
213 | 7 | -240 | 428 | |||
Net cash provided by operating activities | ||||||
-18,374 | 659 | 12,744 | - | |||
Cash Flows from Investing Activities | ||||||
Net (increase) decrease in loans receivable | ||||||
12,951 | 13,307 | - | - | |||
Net cash provided by operating activities | ||||||
- | - | - | -6,187 | |||
Net Increase in loans receivable | ||||||
- | - | 18,644 | 10,444 | |||
Purchased loans | ||||||
15,991 | 88,180 | - | - | |||
Activity in available-for-sale securities: | ||||||
Proceeds from sales | ||||||
6,990 | 11,882 | - | - | |||
Proceeds from sales | ||||||
- | - | 4,436 | 11,653 | |||
Maturities and repayments | ||||||
5,350 | 3,801 | 3,992 | 5,415 | |||
Purchases | ||||||
1,533 | 4,596 | - | - | |||
Purchases | ||||||
- | - | 18,316 | 11,905 | |||
Activity in held-to-maturity securities: | ||||||
Maturities and repayments | ||||||
631 | 27 | 534 | 899 | |||
Purchases | ||||||
1,000 | 2,123 | 6,518 | 1,980 | |||
Purchase of equity securities | ||||||
500 | - | - | - | |||
Purchases of restricted investment in bank stock | ||||||
2,389 | 2,479 | - | - | |||
Redemption of restricted investment in bank stock | ||||||
1,917 | 1,932 | 465 | - | |||
Redemption of restricted investment in bank stock | ||||||
- | - | - | 481 | |||
Proceeds from sale of real estate owned | ||||||
- | 124 | 168 | 496 | |||
Purchases of premises and equipment | ||||||
759 | 276 | 381 | 203 | |||
Purchase of bank owned life insurance | ||||||
- | 1,857 | - | - | |||
Net cash used in investing activities | ||||||
-20,235 | -95,052 | -34,264 | - | |||
Cash Flows from Financing Activities | ||||||
Net cash used in investing activities | ||||||
- | - | - | -6,550 | |||
Cash dividend paid to shareholders | ||||||
- | 1,091 | - | - | |||
Net decrease in deposits | ||||||
39,727 | 64,922 | 28,710 | -1,106 | |||
Net decrease in advances from borrowers for taxes and insurance | ||||||
324 | 874 | 45 | 247 | |||
Net increase in securities sold under agreements to repurchase | ||||||
-1,950 | 2,856 | -1,046 | 427 | |||
Net increase in short-term borrowing from Federal Home Loan Bank | ||||||
-10,000 | 6,000 | - | - | |||
Proceeds from long-term borrowings from Federal Home Loan Bank | ||||||
20,000 | 12,000 | 1,000 | 16,000 | |||
Repayment of long-term borrowings from Federal Home Loan Bank | ||||||
4,000 | 5,000 | 12,000 | 3,000 | |||
Purchase of treasury stock | ||||||
3 | - | - | - | |||
Purchase of ESOP shares | ||||||
- | - | 2,430 | - | |||
Proceeds from issuance of common stock, net | ||||||
- | - | 20,391 | - | |||
Net cash used in financing activities | ||||||
44,098 | 80,561 | 34,670 | - | |||
Decrease in Cash and Cash Equivalents | ||||||
5,489 | -13,832 | - | - | |||
Net cash provided by financing activities | ||||||
- | - | - | 12,568 | |||
Increase (decrease) in Cash and Cash Equivalents | ||||||
- | - | 13,150 | -169 | |||
Supplementary Disclosure of Cash Flow Information | ||||||
Cash paid during the year of interest | ||||||
2,782 | 1,296 | 890 | - | |||
Cash paid during the year of interest | ||||||
- | - | - | 753 | |||
Cash paid during the year for income taxes | ||||||
- | 346 | 330 | 80 | |||
Supplementary Schedule of Noncash Investing Activities | ||||||
Transfer of loans to real estate owned | ||||||
- | 141 | 65 | 313 | |||
Transfer of held-to-maturities securities to available-for-sale securities | ||||||
14,274 | - | - | - | |||