Prudential bancorp, inc. (PBIP)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12
OPERATING ACTIVITIES:
Net income

9,530

7,064

2,778

2,720

2,232

1,780

1,755

2,593

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

619

625

553

325

304

320

337

345

Net accretion of premiums/discounts

2,407

495

-461

151

244

282

540

321

Provision for loan losses

100

810

2,990

225

735

240

-500

725

Impairment charge on investment and mortgage-backed securities

-

-

-

-

-

16

32

154

Impairment charge on real estate owned

-

-

-

-

-

-

306

210

Share-based compensation expense for stock opt ions and awards

1,193

1,105

1,109

700

571

259

578

634

Income from bank owned life insurance

645

639

677

333

344

258

200

469

Loss (gain) on sale of investment and mortgage-backed securities

-

-

-

418

-

416

868

2,122

Writedown of real estate owned

-75

-175

-

-

-

-

-

-

Gain on sale of office properties

-

-

-

-

2,064

-

-

-

Loss (gain) on sale of real estate owned

-46

45

46

56

-

-

-3

-123

Proceeds from the sale of loans

612

-

2,686

461

2,538

-

-

-

Gain on sale of loans

9

-

52

11

138

-

-

-

Originations of loans held for sale

603

-

2,634

450

2,400

-

-

-

(Accretion) amortization of deferred loan fees and costs

136

72

31

-177

-214

-211

-11

338

Compensation expense of ESOP

-

-

152

526

467

389

184

122

(Gain) loss on sale of investment and mortgage-backed securities

1,057

-376

235

-

-

-

-

-

Holding losses (gains) on equity securities

58

-

-

-

-

-

-

-

Deferred income tax benefit

-188

-

140

-16

-345

-

2,770

961

Excess tax benefit related to stock compensation

-

-

-

-

-

-

-

88

Changes in assets and liabilities which used cash:
Accrued interest receivable

724

1,000

897

263

-83

-43

130

-365

Prepaid expenses and other assets

-

-

-

597

-911

-1,338

1,321

-248

Accrued interest payable

1,096

1,299

530

112

-195

-180

-716

-38

Other, net

-543

172

912

-

-

-

-

-

Net cash provided by operating activities

7,987

10,303

5,915

-

-

-

-

-

INVESTING ACTIVITIES:
Purchase of investment and mortgage-backed securities available for sale

280,303

158,854

82,195

25,495

-

-

-

-

Accounts payable and accrued expenses

-

-

-

335

186

216

818

-1,058

Net cash provided by operating activities

-

-

-

3,286

2,511

3,676

2,519

2,046

Purchase of investment and mortgage-backed securities available for sale

-

-

-

49,639

24,865

22,669

16,955

35,822

Purchase of investment and mortgage-backed securities held for maturity

11,849

4,480

22,647

30,500

-

10,977

36,488

58,438

Loans originated

100,371

123,608

218,611

87,264

60,492

68,634

103,447

74,085

Principal collected on loans

118,404

90,589

150,561

53,965

67,105

53,554

48,581

53,302

Proceeds from redemption of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-648

Proceeds from sale of investment and mortgage-backed securities

75,639

11,052

20,863

11,560

-

3,237

16,158

21,650

Principal payments received on investment and mortgage-backed securities:
Held-to-maturity

3,002

1,254

1,255

56,988

14,506

13,922

15,892

104,321

Available-for-sale

24,091

15,015

19,228

4,348

6,865

4,543

22,439

24,351

Redemption of FHLB stock

5,145

5,197

-

-

852

-

1,058

-

Purchase of certificates of deposit

-

-

-498

2,351

-

-

-

-

Redemption of certificates of deposit

-747

-

-249

498

-

-

-

-

Purchase of FHLB stock

13,966

6,780

140

2,094

-

40

-

-

Proceeds from sale of Polonia Bancorp, Inc.'s investment portfolio acquired

-

-

67,154

-

-

-

-

-

Proceeds from sale of other real estate owned

557

407

438

-

-

-

-

-

Acquisition, net of cash

-

-

-3,966

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

925

360

129

1,539

186

Proceeds from sale of loans

-

-

-

-

-

-

9,240

-

Proceeds from the sale of office property

-

-

-

-

2,259

-

-

-

Purchase of bank owned life insurance

2,500

-

10,000

-

-

5,000

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

1,147

Proceeds from bank owned life insurance claim

-

-

-

-

-

-

-

877

Purchases of equipment

386

260

308

177

659

126

174

217

Net cash provided by (used in) investing activities

-183,284

-170,468

-70,187

-

-

-

-

-

FINANCING ACTIVITIES:
Net cash used in investing activities

-

-

-

-69,236

5,931

-32,061

-42,157

35,626

Net increase in demand deposits, NOW accounts, and savings accounts

11,816

-21,241

-21,609

-3,548

-9,353

-4,389

4,587

-1,589

Net (decrease) increase in certificates of deposit

-50,501

169,821

96,147

-

-

-

-

-

Net (decrease) increase in FHLB short-term borrowings

80,000

-10,000

-7,000

-

-

-

-

-

Proceeds from FHLB advances - long term

175,997

93,300

17,249

-

-

-

-

-

Funds (redemption) held in escrow related to second-step offering

-

-

-

-

-

145,675

145,675

-

Net (decrease) increase in FHLB short-term borrowings

-

-

-

20,000

-

-

-

-

Proceeds from FHLB long-term borrowings

-

-

-

33,245

-

-

-

-

Repayment of FHLB advances - long term

33,575

42,475

3,393

2,607

340

-

143

87

Net increase (decrease) in certificates of deposit

-

-

-

27,675

-16,598

-1,659

-33,116

-8,823

Release unallocated shares from ESOP

-

-

4,456

-

-

-

-

-

Repayment of remaining principal balance of ESOP loan

-

-

-733

-

-

-

-

-

Increase in advances from borrowers for taxes and insurance

249

-124

459

78

430

-240

207

-

Cash dividends paid

5,784

6,300

1,035

895

2,201

571

-

-

Increase in advances from borrowers for taxes and insurance

-

-

-

-

-

-

-

183

Issuance of common stock from second-step conversion

-

-

-

-

-

38,702

-

-

Treasury stock used for employee benefit plans

-

-

-

-

-

31,625

-

-

Purchase of treasury stock

3,108

2,548

6,272

7,047

14,691

-

-

-

Net cash (used in) provided by financing activities

175,094

180,433

79,735

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-203

20,268

15,463

-

-

-

-

-

Purchase of stock for ESOP

-

-

-

-

-

3,089

-

-

Tax benefit related to stock compensation plans

-

-

-

217

201

79

139

88

Net cash provided by financing activities

-

-

-

67,118

-42,552

-85,217

117,349

-10,228

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

1,168

-34,110

-113,602

77,711

27,444

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest on deposits and advances from Federal Home Loan Bank

18,531

9,601

4,736

-

-

-

-

-

Interest on deposits and advances from Federal Home Loan Bank

-

-

-

3,214

3,625

3,581

5,060

5,817

Income taxes paid

2,409

2,700

1,080

600

475

-

-

1,405

SUPPLEMENTAL DISCLOSURES OF NONCASH ITEMS
Loans transferred to other real estate owned

-

1,373

-

-

-

-

-

-

Real estate acquired in settlement of loans

-

-

-

581

869

83

-

-

Investment securities

-

-

67,154

-

-

-

-

-

Loans

-

-

160,785

-

-

-

-

-

Loans

-

-

160,785

-

-

-

-

-

Loans

-

-

160,785

-

-

-

-

-

Premises

-

-

6,702

-

-

-

-

-

Core deposit intangible

-

-

822

-

-

-

-

-

Goodwill

-

-

6,102

-

-

-

-

-

Goodwill

-

-

6,102

-

-

-

-

-

Bank owned life insurance

-

-

4,316

-

-

-

-

-

Deferred tax assets

-

-

3,492

-

-

-

-

-

FHLB stock

-

-

3,399

-

-

-

-

-

Other assets

-

-

2,273

-

-

-

-

-

Total assets

-

-

255,045

-

-

-

-

-

Deposits

-

-

172,243

-

-

-

-

-

Deposits

-

-

172,243

-

-

-

-

-

FHLB advances

-

-

57,232

-

-

-

-

-

Other liabilities

-

-

7,722

-

-

-

-

-

Total liabilities assumed

-

-

237,197

-

-

-

-

-

Net non-cash assets acquired

-

-

17,848

-

-

-

-

-

Cash acquired

-

-

22,911

-

-

-

-

-

Real estate acquired in settlement of loans

-

-

-

-

-

-

282

-

Real estate acquired in settlement of loans

-

-

-

-

-

-

-

223