| Jun'19 | Jun'18 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
19,016 | 11,499 | |||||
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
2,814 | 2,638 | |||||
Provision for loan losses | ||||||
2,350 | 1,970 | |||||
Net accretion on securities | ||||||
533 | 125 | |||||
Earnings on bank-owned life insurance | ||||||
119 | 114 | |||||
Net loss on sale of loans | ||||||
- | -26 | |||||
Proceeds from sale of loans | ||||||
227 | 2,771 | |||||
Net loss on the sale, disposal or write-down of premises and equipment, and other real estate owned | ||||||
-583 | -114 | |||||
Net gains on securities transactions | ||||||
6 | 812 | |||||
Deferred tax (benefit) expense | ||||||
-63 | 2,078 | |||||
Decrease (increase) in accrued interest receivable | ||||||
520 | 599 | |||||
Increase in other assets | ||||||
14,186 | -1,836 | |||||
Increase (decrease) in other liabilities | ||||||
-3,434 | 1,723 | |||||
Net cash (used in) provided by operating activities | ||||||
6,129 | 23,005 | |||||
Cash flows from investing activities: | ||||||
Proceeds from maturities, paydowns and calls of securities available for sale | ||||||
61,534 | 66,267 | |||||
Proceeds from sales of securities available for sale | ||||||
0 | 1,100 | |||||
Purchases of securities available for sale | ||||||
68,381 | 72,606 | |||||
Proceeds from maturities and paydowns of securities held to maturity | ||||||
5,252 | 4,807 | |||||
Purchases of securities held to maturity | ||||||
3,828 | 7,891 | |||||
Net redemptions of FHLBNY stock | ||||||
41 | -265 | |||||
Net increase in loans receivable | ||||||
70,887 | 58,034 | |||||
Purchases of premises and equipment | ||||||
2,284 | 8,015 | |||||
Proceeds from sale of premises and equipment, and other real estate owned | ||||||
617 | 70 | |||||
Acquisitions | ||||||
- | 4,696 | |||||
Net cash used in investing activities | ||||||
-78,018 | -78,699 | |||||
Cash flows from financing activities: | ||||||
Net (decrease) increase in deposits | ||||||
181,056 | 140,236 | |||||
Net decrease in mortgagors’ escrow deposits | ||||||
662 | 477 | |||||
Net increase in borrowings from FHLBNY | ||||||
- | -5,000 | |||||
Net cash provided by financing activities | ||||||
181,718 | 135,713 | |||||
Net (decrease) increase in cash and cash equivalents | ||||||
109,829 | 80,019 | |||||
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
4,474 | 3,190 | |||||
Income taxes | ||||||
5,350 | 3,250 | |||||
Non-cash investing and financing activity: | ||||||
Loans transferred to other real estate owned | ||||||
274 | 72 | |||||