| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
849 | 3,850 | -12,684 | 4,994 | 4,779 | 4,800 | 4,443 |
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
720 | 746 | 706 | 713 | 712 | 731 | 658 |
Provision for loan losses | ||||||
2,550 | 1,520 | 16,370 | 570 | 570 | 640 | 570 |
Net accretion on securities | ||||||
76 | 100 | 129 | 133 | 138 | 155 | 107 |
ESOP compensation | ||||||
174 | 346 | 357 | - | - | - | - |
Earnings on bank-owned life insurance | ||||||
10 | 503 | 24 | 24 | 31 | 32 | 32 |
Net loss on the sale, disposal or write-down of premises and equipment, and other real estate owned | ||||||
-7 | 2 | -23 | - | - | - | - |
Net loss on equity securities | ||||||
-1,017 | 364 | -82 | - | - | - | - |
Deferred tax (benefit) expense | ||||||
-914 | -241 | -371 | -236 | -264 | -208 | 645 |
Decrease (increase) in accrued interest receivable | ||||||
-226 | -68 | -54 | 99 | 6 | 115 | 300 |
Stock contribution to Pioneer Bank Charitable Foundation | ||||||
0 | 0 | 5,196 | - | - | - | - |
Increase in other assets | ||||||
23,871 | -6,510 | 11,489 | 8,114 | 1,130 | 4,301 | 641 |
Increase (decrease) in other liabilities | ||||||
1,030 | 114 | 994 | 529 | -4,361 | -1,559 | 1,957 |
Net cash (used in) provided by operating activities | ||||||
-18,381 | 11,893 | -915 | -1,798 | 157 | 577 | 7,193 |
Cash flows from investing activities: | ||||||
Proceeds from maturities, paydowns and calls of securities available for sale | ||||||
- | 21,268 | 15,988 | - | - | - | - |
Proceeds from maturities, paydowns and calls of securities available for sale | ||||||
- | - | - | 17,945 | 17,711 | 19,848 | 6,030 |
Purchases of securities available for sale | ||||||
9,991 | 17,905 | 14,982 | - | - | - | - |
Purchases of securities available for sale | ||||||
- | - | - | - | - | 15,045 | 30,888 |
Proceeds from maturities and paydowns of securities held to maturity | ||||||
88 | 1,609 | 1,599 | 699 | 241 | 753 | 3,559 |
Purchases of securities held to maturity | ||||||
66 | 1,808 | 1,688 | 450 | 88 | 1,706 | 1,584 |
Net increase in loans receivable | ||||||
25,654 | 26,660 | 16,446 | 13,962 | 12,470 | 5,359 | 39,096 |
Purchases of premises and equipment | ||||||
428 | 554 | 546 | 493 | 527 | 662 | 602 |
Proceeds from sale of premises and equipment, and other real estate owned | ||||||
0 | 48 | 90 | - | - | - | - |
Net cash used in investing activities | ||||||
-12,639 | -23,310 | -15,985 | -14,919 | 2,605 | -3,123 | -62,581 |
Cash flows from financing activities: | ||||||
Net (decrease) increase in deposits | ||||||
97,814 | -74,899 | -116,558 | 87,477 | 128,882 | -121,751 | 86,448 |
Net decrease in mortgagors’ escrow deposits | ||||||
-1,478 | 2,431 | -3,292 | 2,563 | -1,314 | 2,341 | -2,928 |
Issuance of common stock | ||||||
0 | 0 | 109,055 | - | - | - | - |
Purchase of shares by the ESOP | ||||||
0 | 0 | 13,644 | - | - | - | - |
Net cash provided by financing activities | ||||||
106,336 | -62,468 | -24,439 | 90,040 | 97,568 | -89,410 | 83,520 |
Net (decrease) increase in cash and cash equivalents | ||||||
75,316 | -73,885 | -41,339 | 73,323 | 100,330 | -91,956 | 28,132 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
1,231 | 1,269 | 1,318 | 1,285 | 1,162 | 1,025 | 1,002 |
Income taxes | ||||||
0 | 0 | 1,800 | 1,850 | 0 | 2,250 | 1,250 |