| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
4,307 | 3,129 | 2,316 | 900 | 551 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Amortization of securities premiums, net | ||||||
-422 | -515 | -801 | -1,380 | -1,253 | ||
Gain on sale of securities | ||||||
0 | 7 | - | - | - | ||
Impairment losses on securities | ||||||
33 | 1 | - | 84 | 155 | ||
Net increase in loans held for sale | ||||||
- | - | - | - | -100 | ||
Amortization of deferred loan costs, net | ||||||
210 | 235 | 185 | 208 | 138 | ||
Provision (credit) for loan losses | ||||||
-400 | 225 | 548 | 663 | 535 | ||
Gain on sale of other real estate owned, net | ||||||
150 | 1 | 110 | 352 | 104 | ||
Write-down of other real estate owned | ||||||
128 | 14 | 43 | 120 | 49 | ||
Loss on sale of premises and equipment | ||||||
-1 | -1 | -10 | - | - | ||
Depreciation and amortization - premises and equipment | ||||||
330 | 329 | 328 | 317 | 341 | ||
Amortization - software | ||||||
7 | 9 | - | - | - | ||
Amortization - software | ||||||
- | - | 53 | 117 | 121 | ||
Net decrease (increase) in accured interest receivable and other assets | ||||||
231 | 276 | 254 | -228 | 247 | ||
Income from bank-owned life insurance | ||||||
355 | 357 | 356 | 272 | 277 | ||
(Decrease) increase in other liabilities | ||||||
251 | 110 | -69 | 171 | -68 | ||
Share-based compensation expense | ||||||
451 | 447 | 115 | - | - | ||
Deferred tax expense | ||||||
1,172 | 304 | 669 | 134 | -66 | ||
ESOP expense | ||||||
204 | 189 | 174 | - | - | ||
Net cash provided by operating activities | ||||||
6,380 | 4,867 | 4,453 | - | - | ||
Cash flows from investing activities | ||||||
Proceeds from the sales of available-for-sale securities | ||||||
0 | 3,625 | - | - | - | ||
Proceeds from calls, paydowns and maturities of available-for-sale securities | ||||||
7,729 | 9,325 | - | - | - | ||
ESOP expense | ||||||
- | - | - | 134 | 96 | ||
Net cash provided by operating activities | ||||||
- | - | - | 3,832 | 2,577 | ||
Purchase of available-for-sale securities | ||||||
- | - | - | 31,448 | 3,067 | ||
Proceeds from calls, pay downs and maturities of available-for-sale securities | ||||||
- | - | 10,074 | 6,512 | 5,276 | ||
Purchase of held-to-maturity securities | ||||||
- | - | - | 16,721 | 51,816 | ||
Proceeds from calls, pay downs and maturities of held-to-maturity securities | ||||||
19,108 | 26,860 | 33,765 | 35,254 | 28,765 | ||
Redemption of Federal Home Loan Bank stock | ||||||
-742 | -147 | 534 | -1,552 | - | ||
Redemption of Federal Home Loan Bank stock | ||||||
- | - | - | - | 556 | ||
Loan principal originations, net of repayments | ||||||
26,601 | 21,880 | 32,508 | 11,778 | -3,694 | ||
Loan purchases | ||||||
0 | 21,480 | 27,420 | 18,654 | 1,209 | ||
Recoveries of loans previously charged off | ||||||
601 | 63 | - | - | - | ||
Recoveries of loans previously charged off | ||||||
- | - | 72 | 237 | 281 | ||
Purchase of bank-owned life insurance | ||||||
- | - | 2,500 | - | - | ||
Proceeds from sale of other real estate owned | ||||||
575 | 779 | 823 | 3,518 | 1,109 | ||
Capital expenditures - premises and equipment | ||||||
140 | 100 | 182 | 193 | 67 | ||
Capital expenditures - software | ||||||
- | - | 32 | - | - | ||
Net cash provided by (used in) investing activities | ||||||
2,014 | -2,661 | -18,442 | - | - | ||
Cash flows from financing activities | ||||||
Capital expenditures - software | ||||||
- | - | - | - | 33 | ||
Capital expenditures - other real estate owned | ||||||
- | - | - | - | 19 | ||
Net cash used in investing activities | ||||||
- | - | - | -31,721 | -16,530 | ||
Net decrease in deposit accounts | ||||||
12,274 | 5,824 | 9,695 | -1,575 | 10,385 | ||
Net decrease in mortgagors' escrow accounts | ||||||
248 | 273 | 193 | 294 | - | ||
Net decrease in mortgagors' escrow accounts | ||||||
- | - | - | - | -96 | ||
Proceeds from issuance of long-term Federal Home Loan Bank advances | ||||||
0 | 29,230 | 29,000 | - | 10,000 | ||
Repayment of long-term Federal Home Loan Bank advances | ||||||
1,054 | 33,031 | 14,500 | - | 11,000 | ||
Change in short term Federal Home Loan Bank advances, net | ||||||
- | - | 1,400 | 2,840 | -4,240 | ||
Net increase in securities sold under agreements to repurchase | ||||||
140 | -918 | -777 | -438 | -1,384 | ||
Net proceeds from common stock offering | ||||||
- | - | - | 32,444 | - | ||
Contribution of Putnam Bancorp, MHC | ||||||
- | - | - | 729 | - | ||
Cash dividends paid on common stock | ||||||
2,491 | 1,549 | 1,022 | 918 | 393 | ||
Proceeds from issuance of common stock in connection with stock options exercised | ||||||
- | - | 63 | - | - | ||
Common stock repurchased | ||||||
1,927 | 2,078 | 2,223 | - | - | ||
Cancellation of shares for tax withholding | ||||||
14 | 28 | - | - | - | ||
Net cash used in financing activities | ||||||
7,176 | -2,277 | 19,029 | - | - | ||
Net cash provided by financing activities | ||||||
- | - | - | 27,696 | 11,944 | ||
Net increase in cash and cash equivalents | ||||||
15,570 | -71 | 5,040 | -193 | -2,009 | ||
Supplemental disclosures | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
3,600 | 3,197 | 3,182 | - | - | ||
Interest | ||||||
- | - | - | 3,225 | 3,618 | ||
Income taxes paid | ||||||
-340 | 1,030 | 131 | -8 | -554 | ||
Loans transferred to other real estate owned | ||||||
443 | 359 | 675 | 2,026 | 2,641 | ||