Oconee federal financial corp. (OFED)
CashFlow / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11
Cash Flows From Operating Activities
Net income

3,720

3,035

5,525

5,246

4,512

3,639

4,040

4,013

2,299

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

218

108

203

451

195

108

260

270

135

Provision for real estate owned

55

26

126

193

196

-

-

-

-

Provision for real estate owned

-

-

-

-

-

164

-

-

-

Provision for real estate owned

-

-

-

-

-

-

23

346

303

Depreciation and amortization, net

1,148

1,317

1,420

1,269

1,075

907

1,154

579

324

Net accretion of purchase accounting adjustments

247

-190

475

-

-

-

-

-

-

Net accretion of purchase accounting adjustments

-

-

-

-136

-352

-

-

-

-

Deferred loan costs, net

-

-

-

-

-

-33

325

138

-13

Deferred income tax expense/(income)

18

1,137

-110

1,605

1,923

-362

165

324

-615

Gain on loan foreclosures

-

-

-

-

-

-

65

-

-

Net loss on sale of real estate owned

-7

96

86

-14

-6

-11

65

131

-

Net gain on sale of premises and equipment

29

-

-

-

-

-

-

-

-

Change in loan servicing asset

225

48

-95

-

-

-

-

-

-

Net gain/(loss) on sales of securities

-40

-7

-

-

-

-

-

-

-

Change in loan servicing asset

-

-

-

-350

27

-

-

-

-

Gain on sale of real estate owned

-

-

-

-

-

-

-

-

7

Net gain on sales of securities

-

-

128

128

149

234

133

185

-

Mortgage loans originated for sale

5,498

4,455

2,114

4,282

4,669

-

-

-

-

Mortgage loans sold

5,620

4,764

2,036

4,304

4,978

-

-

-

-

Gain on sales of mortgage loans

122

64

38

-

-

-

-

-

-

Change in fair value of equity securities, net

83

-

-

-

-

-

-

-

-

Gain on sales of mortgage loans

-

-

-

33

-145

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

-

513

514

286

-

-

-

-

Loss from other-than-temporary impairment

-

-

-

-

-

-

-

8

9

Income on bank owned life insurance

468

483

-

-

-

307

65

16

19

Gain on payoff of purchase credit impaired loans

64

125

729

1,119

256

-

-

-

-

ESOP compensation expense

421

508

496

508

475

382

264

217

60

Stock based compensation expense

126

134

256

288

278

248

227

57

-

Net change in operating assets and liabilities:
Stock issued to charitable foundation

-

-

-

-

-

-

-

-

1,257

Accrued interest receivable and other assets

69

-173

-109

10

709

-70

-51

140

10

Accrued interest payable and other liabilities

417

155

246

144

-1,604

-2

-19

-32

-99

Net cash provided by operating activities

5,518

6,379

6,129

-

-

-

-

-

-

Cash Flows From Investing Activities
Other

-

-

-

-

-

-193

697

-22

421

Net cash provided by operating activities

-

-

-

8,150

5,731

4,464

6,209

5,150

4,071

Net cash received from acquisition of Stephens Federal

-

-

-

-

24,079

-

-

-

-

Purchases of premises and equipment

1,811

669

195

204

435

152

70

153

15

Disposal of premises and equipment

29

-

12

-

-

-

-

-

-

Purchases of securities held-to-maturity

-

-

-

-

-

3,486

1,992

1,992

-

Purchases of securities available-for-sale

12,201

18,288

29,352

51,983

38,274

37,924

45,925

53,581

30,403

Proceeds from maturities, paydowns and calls of securities available-for-sale

11,054

13,866

18,479

26,469

21,027

13,981

11,611

6,669

-

Proceeds from maturities, paydowns and calls of securities held-to-maturity

-

-

-

-

-

-

2,631

2,241

3,051

Proceeds from sales of securities available-for-sale

23,928

3,980

20,785

6,904

11,174

18,721

8,245

13,621

-

Purchases of restricted equity securities

940

1,488

2

588

-

-

-

7

17

Sales of restricted equity securities

725

872

0

7

27

124

115

-

-

Purchases of bank owned life insurance

-

-

-

8,000

-

-

8,000

-

-

Proceeds from sale of securities held-to-maturity

-

-

-

-

-

2,270

-

-

-

Proceeds from sale of real estate owned

633

473

1,552

2,357

2,568

196

1,300

1,935

748

Dispositions of purchased credit impaired loans

-

-

-

2,587

1,197

-

-

-

-

Loan originations and repayments, net

32,469

20,904

15,503

-13,509

-15,621

8,977

-27,347

-14,199

3,280

Net cash provided/(used) in investing activities

-11,135

-22,158

-4,224

-

-

-

-

-

-

Net cash (used)/provided by financing activities
Net cash used in investing activities

-

-

-

-8,942

36,984

-15,247

-4,738

-17,068

-29,916

Net change in deposits

31,518

-6,917

-5,129

5,541

-26,136

-11,407

-946

899

19,863

Proceeds from notes payable to FHLB

54,100

43,000

0

-

-

-

-

-

-

Repayment of notes payable to FHLB

49,600

28,500

0

-

-

-

-

-

-

Dividends paid

2,214

2,211

2,221

2,252

2,242

2,236

2,418

2,058

222

Purchase of treasury stock

1,587

428

1,486

1,013

35

1,626

7,777

141

-

Initial funding of Oconee Federal, MHC

-

-

-

-

-

-

-

-

50

Proceeds from sale of common stock, net of issuance costs

180

-

-

-

-

-

-

-

17,292

Net cash provided/(used) by financing activities

32,397

4,944

-8,836

-

-

-

-

-

-

Change in cash and cash equivalents

26,780

-10,835

-6,931

-

-

-

-

-

-

Net cash used in provided by financing activities

-

-

-

2,276

-28,413

-15,269

-11,141

-1,300

36,883

Change in cash and cash equivalents

-

-

-

1,484

14,302

-26,052

-9,670

-13,218

11,038