Prudential bancorp, inc. (PBIP)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Sep'12
ASSETS
Cash and amounts due from depository institutions

3,791

2,142

2,395

2,080

2,255

2,220

2,457

2,403

2,720

2,477

2,274

2,182

2,587

1,580

1,965

2,180

2,030

1,949

2,150

1,974

1,815

2,248

2,025

2,093

2,761

2,292

2,670

3,001

Interest-bearing deposits

72,897

26,665

45,573

35,997

48,338

7,678

45,714

33,652

15,388

14,182

25,629

20,745

10,471

6,485

10,475

36,392

5,300

3,802

9,122

18,331

25,607

30,949

43,357

27,588

48,591

54,114

156,314

78,272

Total cash and cash equivalents

76,688

28,807

47,968

38,077

50,593

9,898

48,171

36,055

18,108

16,659

27,903

22,927

13,058

8,065

12,440

38,572

7,330

5,751

11,272

20,305

27,422

33,197

45,382

29,681

51,352

56,406

158,984

81,273

Certificates of deposit

2,351

2,351

2,351

2,351

2,351

1,604

1,604

1,604

1,604

1,604

1,604

1,853

1,853

1,853

1,853

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment and mortgage-backed securities available for sale at fair value

511,333

530,918

512,822

-

-

-

306,187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment and mortgage-backed securities available for sale (amortized cost- June 30, 2019, $432,852; September 30, 2018, $316,719)

-

-

-

438,179

446,166

393,152

-

270,275

219,103

214,570

178,402

183,439

190,108

132,636

138,694

138,683

143,235

118,275

77,483

76,992

71,072

61,459

57,817

56,527

47,371

42,634

41,781

65,975

Investment and mortgage-backed securities held to maturity (fair value-March 31, 2020, $30,045; September 30, 2019, $69,507)

28,937

70,219

68,635

57,085

57,361

57,605

59,852

58,127

63,026

63,377

61,284

59,654

58,197

44,741

39,971

15,488

44,488

55,789

66,384

70,003

73,603

80,207

80,840

83,622

82,300

82,984

83,732

63,110

Equity securities

37

77

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities (amortized cost June 30, 2019, $31)

-

-

-

69

72

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans receivable-net of allowance for loan losses (March 31, 2020, $5,961; September 30, 2019, $5,393)

572,122

588,847

585,456

586,507

581,555

588,511

602,932

602,455

584,380

579,987

571,343

544,422

521,885

349,494

344,948

342,459

322,182

321,865

312,633

317,487

327,855

332,233

321,063

321,679

318,562

321,615

306,517

260,684

Accrued interest receivable

4,412

4,603

4,549

3,893

4,314

4,140

3,825

3,670

3,439

3,452

2,825

3,089

2,626

2,075

1,928

1,763

1,774

1,863

1,665

1,716

1,779

1,851

1,748

1,825

1,772

1,838

1,791

1,661

Real estate owned

406

491

348

423

423

1,027

1,026

85

85

363

192

192

192

585

581

207

-

0

869

-

-

344

360

460

489

406

406

1,972

Restricted bank stock-at cost

-

-

-

-

-

-

7,585

-

-

-

6,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted bank stock

15,552

17,579

16,406

13,356

10,383

10,081

-

7,909

6,759

6,859

-

5,767

5,699

2,970

2,463

2,387

1,851

1,644

369

369

350

359

1,221

1,221

1,181

1,181

1,181

2,239

Office properties and equipment-net

7,171

7,175

7,206

7,239

7,355

7,310

7,439

7,549

7,671

7,711

7,804

8,076

8,219

1,268

1,344

1,419

1,495

1,554

1,492

1,402

1,349

1,415

1,331

1,374

1,425

1,481

1,525

1,688

Bank owned life insurance

32,175

32,010

31,841

31,669

28,996

28,048

28,691

28,533

28,370

28,212

28,048

27,877

27,709

23,221

13,055

12,973

12,890

12,806

12,722

12,638

12,554

12,467

12,377

12,288

7,214

7,167

7,119

6,919

Deferred tax assets-net

4,117

-

2,358

-

-

-

4,655

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets

-

-

-

-

-

-

-

-

-

-

-

747

785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets-net

-

2,189

-

3,165

4,112

4,216

-

4,315

3,555

2,836

4,091

-

4,204

1,595

569

476

451

1,307

975

1,169

786

933

1,131

902

1,129

1,457

1,306

2,749

Goodwill

6,102

6,102

6,102

6,102

6,102

6,102

6,102

6,102

6,102

6,102

6,102

7,163

7,163

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Core deposit intangible

-

-

-

478

508

538

-

605

639

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Core deposit intangible

392

418

448

-

-

-

571

-

-

672

709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

5,439

3,615

2,849

2,751

2,107

2,902

2,530

1,574

1,534

1,346

3,231

5,497

2,530

21,611

1,634

1,863

1,848

1,923

1,325

1,682

1,501

2,617

2,213

2,366

2,594

8,018

3,555

2,234

TOTAL ASSETS

1,267,234

1,295,401

1,289,434

1,191,344

1,202,398

1,115,162

1,081,170

1,028,858

944,375

933,750

899,540

870,703

844,228

590,114

559,480

556,290

537,544

522,777

487,189

503,763

518,271

527,082

525,483

511,945

515,389

525,187

607,897

490,504

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Deposits:
Non-interest-bearing

19,524

20,637

16,949

15,614

12,350

14,306

13,677

14,322

11,904

11,578

9,375

9,569

9,272

3,595

3,804

2,832

2,775

2,837

2,293

2,177

2,465

2,578

2,327

2,806

2,616

2,526

3,474

3,711

Interest-bearing

711,960

700,298

728,495

713,927

813,149

738,057

770,581

700,731

662,798

640,454

626,607

605,277

585,838

404,620

385,397

383,808

381,295

367,769

362,781

373,926

383,010

388,864

388,698

374,096

380,854

386,444

539,274

421,891

Total

731,484

720,935

745,444

729,541

825,499

752,363

784,258

715,053

674,702

652,032

635,982

614,846

595,110

408,215

389,201

386,640

384,070

370,606

365,074

376,103

385,475

391,442

391,025

376,902

383,470

388,970

542,748

425,602

Advances from Federal Home Loan Bank (short-term)

80,000

130,000

90,000

36,500

25,500

68,500

10,000

35,000

20,000

30,000

20,000

20,000

27,000

49,012

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from Federal Home Loan Bank (long-term)

274,624

278,156

286,904

264,766

199,594

148,901

144,683

129,164

106,355

106,916

94,318

88,078

79,057

15,788

30,638

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from Federal Home Loan Bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,227

37,059

31,889

-

-

130

340

340

340

340

340

340

483

Accrued interest payable

2,847

2,038

4,328

3,404

2,814

1,557

3,232

2,179

1,328

641

1,933

1,339

790

177

1,403

1,015

543

57

1,291

939

507

16

1,486

1,054

562

17

1,666

2,382

Advances from borrowers for taxes and insurance

2,667

3,309

2,332

3,533

2,260

3,410

2,083

3,808

2,490

3,498

2,207

3,982

2,789

2,513

1,748

2,769

1,777

2,554

1,670

2,802

1,625

2,306

1,240

2,369

1,460

2,467

1,480

1,273

Interest rate swap contracts

-

-

-

8,806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

43,366

18,664

20,815

10,046

12,840

9,753

8,505

12,137

7,440

7,249

8,921

8,262

8,716

1,293

2,488

2,573

1,770

1,741

2,153

1,926

1,738

4,847

1,967

1,824

1,095

2,912

1,751

933

Total liabilities

1,134,988

1,153,102

1,149,823

1,056,596

1,068,507

984,484

952,761

897,341

812,315

800,336

763,361

736,507

713,462

476,998

445,478

443,224

425,219

406,847

370,188

381,770

389,475

398,951

396,058

382,489

386,927

394,706

547,985

430,673

COMMITMENTS AND CONTINGENCIES (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $.01 par value, 40,000,000 shares authorized; 10,819,006 issued and 8,782,025 outstanding at March 31, 2020; 10,819,006 issued and 8,889,447 outstanding at September 30, 2019

108

108

108

108

108

108

108

108

108

108

108

108

108

95

95

95

95

95

95

95

95

95

95

95

95

95

118

126

Additional paid-in capital

118,123

118,673

118,384

118,086

117,976

118,621

118,345

118,141

118,549

119,039

118,751

118,480

117,467

96,022

95,713

95,433

95,213

95,586

95,286

95,130

94,663

94,456

94,397

94,319

94,271

94,219

55,297

54,610

Unearned Employee Stock Ownership Plan ("ESOP") shares

-

-

-

-

-

-

-

-

-

-

-

-

-

4,456

4,550

4,644

4,738

4,832

4,926

5,020

5,114

5,208

5,302

5,396

5,491

2,509

2,565

2,787

Treasury stock, at cost: 2,036,981 shares at March 31, 2020 and 1,929,559 at September 30, 2019

30,994

29,698

29,698

29,708

28,968

29,399

27,744

27,155

27,177

27,296

26,707

26,692

26,629

21,098

21,098

21,013

20,756

15,556

14,691

8,853

3,790

2,163

-

-

-

-

31,625

31,625

Retained earnings

49,862

51,391

49,625

47,484

49,300

47,381

45,854

47,023

45,035

43,328

44,787

42,987

41,140

43,550

43,044

42,263

41,728

41,401

41,219

41,296

42,841

41,419

41,188

41,087

40,852

40,317

39,979

38,224

Accumulated other comprehensive income

-4,853

1,825

1,192

-1,222

-4,525

-6,033

-8,154

-6,600

-4,455

-1,765

-760

-687

-1,320

-997

798

932

783

-764

18

-655

101

-468

-953

-649

-1,265

-1,641

-1,292

1,283

Total stockholders' equity

132,246

142,299

139,611

134,748

133,891

130,678

128,409

131,517

132,060

133,414

136,179

134,196

130,766

113,116

114,002

113,066

112,325

115,930

117,001

121,993

128,796

128,131

129,425

129,456

128,462

130,481

59,912

59,831

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

1,267,234

1,295,401

1,289,434

1,191,344

1,202,398

1,115,162

1,081,170

1,028,858

944,375

933,750

899,540

870,703

844,228

590,114

559,480

556,290

537,544

522,777

487,189

503,763

518,271

527,082

525,483

511,945

515,389

525,187

607,897

490,504