| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss) income | ||||||
-2,991 | 939 | 1,889 | 19,016 | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
2,885 | 2,877 | 2,862 | 2,814 | 0 | 0 | 0 |
Provision for loan losses | ||||||
21,010 | 19,030 | 18,150 | 2,350 | 0 | 0 | 0 |
Net accretion on securities | ||||||
438 | 500 | 555 | 533 | 0 | 0 | 0 |
ESOP compensation | ||||||
0 | 0 | 0 | - | - | - | - |
Earnings on bank-owned life insurance | ||||||
561 | 582 | 111 | 119 | 0 | 0 | 0 |
Net loss on the sale, disposal or write-down of premises and equipment, and other real estate owned | ||||||
0 | 0 | 0 | - | - | - | - |
Net loss on equity securities | ||||||
0 | 0 | 0 | - | - | - | - |
Deferred tax (benefit) expense | ||||||
-1,762 | -1,112 | -1,079 | -63 | 0 | 0 | 0 |
Decrease (increase) in accrued interest receivable | ||||||
-249 | -17 | 166 | 520 | 0 | 0 | 0 |
Stock contribution to Pioneer Bank Charitable Foundation | ||||||
0 | 0 | 0 | - | - | - | - |
Increase in other assets | ||||||
36,964 | 14,223 | 25,034 | 14,186 | 0 | 0 | 0 |
Increase (decrease) in other liabilities | ||||||
2,667 | -2,724 | -4,397 | -3,434 | 0 | 0 | 0 |
Net cash (used in) provided by operating activities | ||||||
-9,201 | 9,337 | -1,979 | 6,129 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||
Proceeds from maturities, paydowns and calls of securities available for sale | ||||||
- | 0 | 0 | - | - | - | - |
Proceeds from maturities, paydowns and calls of securities available for sale | ||||||
- | - | - | 61,534 | 0 | 0 | 0 |
Purchases of securities available for sale | ||||||
0 | 0 | 0 | - | - | - | - |
Purchases of securities available for sale | ||||||
- | - | - | - | - | 0 | 0 |
Proceeds from maturities and paydowns of securities held to maturity | ||||||
3,995 | 4,148 | 3,292 | 5,252 | 0 | 0 | 0 |
Purchases of securities held to maturity | ||||||
4,012 | 4,034 | 3,932 | 3,828 | 0 | 0 | 0 |
Net increase in loans receivable | ||||||
82,722 | 69,538 | 48,237 | 70,887 | 0 | 0 | 0 |
Purchases of premises and equipment | ||||||
2,021 | 2,120 | 2,228 | 2,284 | 0 | 0 | 0 |
Proceeds from sale of premises and equipment, and other real estate owned | ||||||
0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||
-66,853 | -51,609 | -31,422 | -78,018 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||
Net (decrease) increase in deposits | ||||||
-6,166 | 24,902 | -21,950 | 181,056 | 0 | 0 | 0 |
Net decrease in mortgagors’ escrow deposits | ||||||
224 | 388 | 298 | 662 | 0 | 0 | 0 |
Issuance of common stock | ||||||
0 | 0 | 0 | - | - | - | - |
Purchase of shares by the ESOP | ||||||
0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||
109,469 | 100,701 | 73,759 | 181,718 | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | ||||||
33,415 | 58,429 | 40,358 | 109,829 | 0 | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for: | ||||||
Interest | ||||||
5,103 | 5,034 | 4,790 | 4,474 | 0 | 0 | 0 |
Income taxes | ||||||
3,650 | 3,650 | 5,900 | 5,350 | 0 | 0 | 0 |