| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | |||||||||
Net Income | |||||||||
9,332 | 7,306 | 5,817 | 12,150 | 4,668 | 711 | -18,803 | 1,959 | -6,112 | -3,129 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation expense | |||||||||
761 | 758 | 724 | 650 | 646 | 638 | 695 | - | - | - |
Depreciation expense | |||||||||
- | - | - | - | - | - | - | 724 | 826 | 803 |
Provision for Loan Losses | |||||||||
2,379 | 954 | 2,791 | 947 | 90 | 263 | 11,235 | 810 | 12,392 | 9,367 |
Deferred income tax benefit | |||||||||
231 | 3,353 | 2,092 | -6,316 | -1,035 | -367 | 6,025 | 541 | -3,091 | -2,212 |
ESOP expense | |||||||||
289 | 366 | - | - | - | - | - | - | - | - |
ESOP expense | |||||||||
- | - | 311 | 242 | 195 | 160 | 169 | 103 | 98 | 121 |
Stock based compensation | |||||||||
209 | 142 | 110 | - | 0 | - | - | - | - | - |
Amortization of premiums and discounts on investments securities, net | |||||||||
-275 | -360 | -814 | -1,243 | -849 | 488 | 735 | 165 | -61 | -107 |
Amortization (accretion) of loan origination fees and costs | |||||||||
-183 | 77 | 924 | -748 | -296 | 193 | 267 | 1,010 | -896 | -964 |
Amortization of mortgage servicing rights | |||||||||
45 | 45 | 60 | 73 | 82 | -22 | -6 | 74 | -6 | -158 |
Amortization of subordinated debt issuance costs | |||||||||
158 | 158 | 39 | - | 0 | - | - | - | - | - |
Net gain on sale of investments securities available-for-sale | |||||||||
28 | - | - | - | - | - | - | - | - | - |
Net gain on sale of investment securities available for sale | |||||||||
- | - | 463 | 565 | 515 | 83 | 479 | 589 | - | - |
Net gain on sale of investment securities held to maturity | |||||||||
- | - | - | - | - | - | - | 162 | - | - |
Net gain on sale of real estate | |||||||||
- | 1,186 | - | 1 | 0 | -41 | -1 | - | - | - |
Net (gain) loss on sale of loans | |||||||||
- | - | - | - | - | -281 | 460 | - | - | - |
Net gain on sale of secondary market loans | |||||||||
37 | 102 | 154 | 116 | 102 | 71 | 366 | - | - | - |
Proceeds from sale of secondary market loans | |||||||||
2,867 | 9,189 | 9,270 | 6,390 | 4,090 | 7,738 | 17,660 | - | - | - |
Originations of secondary market loans | |||||||||
2,830 | 9,087 | 9,116 | 6,274 | 3,988 | 7,667 | 17,294 | - | - | - |
Net (gain) loss on sale of investment securities | |||||||||
- | - | - | - | - | - | - | - | 0 | -13 |
Gain on sale of other real estate owned | |||||||||
- | - | - | 19 | 124 | 93 | 330 | 73 | 23 | -142 |
Write down of other real estate owned | |||||||||
- | - | - | 20 | 54 | 341 | 1,648 | 1,014 | 2,455 | 2,122 |
Earnings on bank-owned life insurance | |||||||||
488 | 480 | 505 | 517 | 680 | 559 | 1,176 | 526 | 547 | 563 |
Decrease (increase) in accrued interest receivable | |||||||||
453 | 661 | 581 | 74 | 1,162 | -82 | -117 | -376 | -216 | -113 |
(Decrease) increase in accrued interest payable | |||||||||
194 | 90 | 267 | 31 | 247 | 10 | -127 | 33 | -34 | -440 |
Increase in other liabilities | |||||||||
6,630 | -1,631 | 563 | 766 | 349 | -79 | 141 | 306 | 592 | -2,475 |
Increase in other assets | |||||||||
9,476 | 439 | 1,058 | 44 | 714 | 114 | 809 | 335 | -913 | 1,210 |
Increase in income tax receivable | |||||||||
- | - | 225 | - | 0 | - | - | - | - | - |
Net Cash Provided by Operating Activities | |||||||||
10,241 | 9,058 | 9,832 | 9,334 | 3,246 | - | - | - | 7,821 | -350 |
Cash Flows from Investing Activities | |||||||||
Decrease in prepaid FDIC assessment | |||||||||
- | - | - | - | - | - | -391 | -829 | -1,087 | 2,089 |
Net Cash Provided by Operating Activities | |||||||||
- | - | - | - | - | -33 | -1,850 | 3,909 | - | - |
Investment securities available-for-sale: | |||||||||
Purchases | |||||||||
17,890 | 30,140 | - | - | - | - | - | 55,666 | 71,333 | 33,636 |
Proceeds from sale of investment securities held to maturity | |||||||||
- | - | - | - | - | - | - | 3,177 | 0 | 0 |
Sales | |||||||||
2,055 | 0 | - | - | - | - | - | 24,128 | 0 | 192 |
Maturities, calls and principal repayments | |||||||||
22,092 | 20,123 | 583 | 2,437 | 6,032 | 14,138 | 27,534 | 37,440 | 37,955 | 20,130 |
Investment securities held-to-maturity: | |||||||||
Purchases | |||||||||
- | - | 250 | 2,116 | 160,103 | 5,258 | 93,693 | - | - | - |
Sales | |||||||||
- | - | 51,119 | 62,818 | - | - | - | - | - | - |
Sales | |||||||||
- | - | - | - | 70,413 | 16,751 | 18,171 | - | - | - |
Maturities, calls and principal repayments | |||||||||
7,385 | 4,545 | - | - | - | - | - | 626 | 949 | 153 |
Purchases | |||||||||
- | - | - | - | 4,152 | 0 | 0 | - | - | - |
Maturities, calls and principal repayments | |||||||||
- | - | 5,350 | 16,391 | 4,454 | - | 0 | - | - | - |
Net decrease (increase) in loans | |||||||||
- | - | 262,039 | 184,548 | - | - | - | - | - | - |
Proceeds from sale of loans | |||||||||
384 | - | - | - | - | 25,836 | 1,707 | - | - | - |
Net increase in loans | |||||||||
114,320 | 68,682 | - | - | - | - | - | - | - | - |
Loan buyback for sale of loans | |||||||||
- | - | - | - | - | 1,117 | 0 | - | - | - |
Loan purchases | |||||||||
- | - | - | - | - | 18,952 | 31,060 | 30,901 | 32,368 | 21,359 |
(Loan originations) and principal collections, net | |||||||||
- | - | - | - | -5,927 | 19,649 | 58,365 | 66,065 | 49,718 | 55,987 |
Proceeds from sale of other real estate owned | |||||||||
- | - | - | 1,167 | 1,174 | 2,694 | 3,917 | 6,169 | 7,022 | 1,506 |
Additions to mortgage servicing rights | |||||||||
- | - | - | - | 30 | 160 | 158 | 53 | 0 | 0 |
Purchases of bank-owned life insurance | |||||||||
- | - | - | - | - | - | 6,000 | - | - | - |
Proceeds from cash surrender on bank-owned life insurance | |||||||||
- | - | - | - | - | 3,636 | 0 | - | - | - |
Proceeds from death benefit of bank-owned life insurance | |||||||||
- | - | - | 1,049 | 0 | - | 1,121 | - | - | - |
Net decrease (increase) in restricted stock | |||||||||
2,592 | 2,979 | 135 | 659 | - | - | - | - | - | - |
Proceeds from sale of real estate | |||||||||
- | - | - | 1 | - | - | - | - | - | - |
Net increase in restricted stock | |||||||||
- | - | - | - | 1,262 | 465 | -1,109 | -1,202 | -1,218 | 0 |
Proceeds from sale of real estate | |||||||||
- | 1,315 | - | - | 0 | - | 2 | - | - | - |
Purchase of property and equipment | |||||||||
258 | 561 | 1,594 | 752 | 358 | 244 | 282 | 234 | 227 | 1,185 |
Net Cash Used in Investing Activities | |||||||||
- | - | - | - | - | 56,508 | -19,267 | 51,953 | - | - |
Net Cash Provided by (Used in) Investing Activities | |||||||||
-103,144 | -76,379 | -206,966 | -104,212 | -89,759 | - | - | - | -7,066 | 21,788 |
Cash Flows from Financing Activities | |||||||||
Net (decrease) increase in deposits | |||||||||
179,648 | -16,233 | 188,350 | 136,524 | 52,569 | -71,643 | -56,392 | -13,467 | -42,403 | 80,347 |
Proceeds for long-term borrowings | |||||||||
70,000 | 140,000 | 140,000 | 121,000 | 93,000 | 14,500 | 10,000 | - | 0 | 3,000 |
Repayment of long-term borrowings | |||||||||
55,000 | 140,000 | 140,000 | 106,000 | 38,000 | 4,500 | 20,085 | 1,013 | 6,236 | 47,287 |
Repayment of other borrowed money | |||||||||
2,500 | 2,500 | - | - | - | - | - | - | - | - |
Cash dividends paid | |||||||||
- | - | - | - | - | - | - | - | 81 | 327 |
Cash from mutual holding company reorganization | |||||||||
- | - | - | - | - | - | 100 | - | - | - |
Repayment of other borrowed money | |||||||||
- | - | - | - | - | -60,975 | -87,106 | 42,552 | - | - |
Increase in advances from borrowers for taxes and insurance | |||||||||
456 | -248 | -106 | -147 | 20 | 668 | 112 | 355 | - | - |
Increase in other borrowed money | |||||||||
- | - | 10,000 | - | 0 | - | - | - | - | - |
Repayment of other borrowed money | |||||||||
- | - | -5,000 | - | - | - | - | - | - | - |
Proceeds from stock issuance | |||||||||
- | - | - | - | - | - | - | -56,677 | 0 | 0 |
Increase in advances from borrowers for taxes and insurance | |||||||||
- | - | - | - | - | - | - | - | -66 | 643 |
Net proceeds from issuance of common stock | |||||||||
23,344 | - | - | - | - | - | -20,841 | - | - | - |
Net proceeds from issuance of subordinated debt | |||||||||
- | - | 24,264 | - | - | - | - | - | - | - |
Net proceeds from issuance of subordinated debt | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
Acquisition of treasury stock | |||||||||
336 | - | - | - | - | - | - | - | 0 | 458 |
Net Cash (Used in) Provided by Financing Activities | |||||||||
215,612 | -18,981 | 217,508 | 151,377 | 107,589 | - | - | - | -48,654 | 34,632 |
Net (Decrease) Increase in Cash and Cash Equivalents | |||||||||
122,709 | -86,302 | - | - | - | - | - | - | - | - |
Net Increase (Decrease) in Cash and Cash Equivalents | |||||||||
- | - | 20,374 | 56,499 | 21,076 | -4,500 | -108,223 | 98,414 | -47,899 | 56,070 |
Supplemental Cash Flows Information | |||||||||
Interest paid | |||||||||
18,386 | 12,904 | 9,179 | 6,701 | 5,001 | - | - | - | - | - |
Non-cash transfer of loans to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 12,460 | 3,210 |
Transfer from investment securities available-for-sale to investment securities held-to-maturity | |||||||||
- | - | - | - | 57,523 | - | 0 | - | 0 | 0 |
Non-cash proceeds from death benefit on BOLI | |||||||||
- | - | - | - | 1,039 | - | 0 | - | - | - |
Transfer from investment securities available-for-sale to investment securities held-to-maturity | |||||||||
- | - | - | - | - | - | 10,102 | 10,671 | - | - |
Stock subscription funds transferred to shareholders' equity | |||||||||
- | - | - | - | - | - | 34,633 | - | - | - |
Non-cash transfer of loans to loans held for sale | |||||||||
- | - | - | - | - | - | 10,367 | - | - | - |
Non-cash transfer of loans to loans held for sale | |||||||||
367 | - | - | - | - | - | - | - | - | - |
Income taxes paid | |||||||||
1,367 | 2,630 | 130 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | - | - | 5,061 | 7,071 | 8,379 | 10,232 | 14,081 |
Income taxes paid | |||||||||
- | - | - | - | 0 | 17 | 12 | 4 | 11 | 1,485 |
Non-cash transfer to other real estate owned | |||||||||
5,796 | - | - | - | 308 | 944 | 4,603 | 3,383 | - | - |