Prudential bancorp, inc. (PBIP)
CashFlow / 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'13Jun'13Mar'13Dec'12
OPERATING ACTIVITIES:
Net income

2,924

2,463

2,586

2,630

2,340

1,974

2,437

2,436

2,157

34

2,071

2,116

-2,140

731

982

777

548

413

13

47

1,701

471

386

521

535

338

784

685

14

272

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

113

155

150

159

155

155

156

157

156

156

154

158

159

82

83

84

81

77

65

84

79

76

76

81

81

82

80

85

86

86

Net accretion of premiums/discounts

156

721

1,020

621

331

435

1,012

-283

-181

-53

114

-65

-519

9

162

55

-44

-22

52

63

79

50

18

120

98

46

32

441

19

48

Provision for loan losses

500

125

-

-

0

0

125

325

150

210

410

30

2,365

185

-

-

-

-

150

210

300

75

-

-

-

-

-

-

-

-

Gain on sale of investment and mortgage-backed securities

-

318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of deferred loan fees and costs

-57

92

-

53

51

7

-

208

-162

-3

-

84

-119

-46

-

-66

-36

-70

-

-58

-57

-72

-

-68

-72

-37

-

-

-

-

Impairment charge on investment and mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

8

7

5

7

6

14

Share-based compensation expense for stock opt ions and awards

237

289

306

303

276

308

308

308

201

288

281

562

2

264

171

150

174

205

157

246

133

35

-33

104

40

148

32

192

196

158

Income from bank owned life insurance

165

169

172

170

149

154

159

160

156

164

171

229

111

166

82

83

84

84

83

84

88

89

89

75

46

48

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

852

0

16

Writedown of real estate owned

-

-40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

0

0

58

-

-

-

-

-

-

-

-

43

-30

-26

10

Proceeds from the sale of loans

15,776

4,937

-

-

-

-

-

-

-

-

0

208

0

2,478

9

0

151

301

0

0

0

2,538

-

-

-

-

-

-

-

-

Gain on sale of loans

239

26

-

-

-

-

-

-

-

-

0

8

0

44

9

0

1

1

0

0

0

138

-

-

-

-

-

-

-

-

Originations of loans held for sale

1,275

4,911

-

-

-

-

-

-

-

-

-

-

-

-

0

0

150

300

0

0

0

2,400

-

-

-

-

-

-

-

-

Loss on equity securities

-

-18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Accretion) amortization of deferred loan fees and costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33

-31

3

50

Compensation expense of ESOP

-

-

-

-

-

-

-

-

-

-

13

-282

282

139

142

119

135

130

-16

245

130

108

126

98

107

58

56

49

44

35

Deferred income tax benefit

-

0

-

-

-

-130

-

-420

-3

1,616

679

90

-529

-100

-45

-102

196

-65

-152

6

-147

-52

-

-94

137

29

1,077

720

675

298

Excess tax benefit related to stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

4

39

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

-191

54

656

-421

174

315

155

231

-13

627

-264

463

551

147

165

-11

-89

198

-51

-63

-72

103

-77

53

-66

47

-78

36

-65

237

Prepaid escrow for the Polonia Merger

-

-

-

-

-

-

-

-

-

-

-

-

-

18,949

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-301

401

-95

592

-379

180

-1,116

404

-224

-154

-5,423

4,463

2,780

-178

-339

-942

Accrued interest payable

809

-2,290

924

590

1,257

-1,675

1,053

851

687

-1,292

594

549

613

-1,226

388

472

486

-1,234

352

432

491

-1,470

432

492

545

-1,649

441

478

722

-2,357

Other, net

-149

43

-670

728

-316

-285

762

-739

173

-24

2,618

-112

-3,083

1,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

16,404

-597

2,651

2,092

3,238

6

2,979

3,708

3,315

301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

69,881

60,376

-

-

66,632

86,650

-

-

-

-

-

-

-

-

5,029

1,045

9,286

10,135

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-85

803

-101

-282

227

188

-3,108

2,879

143

729

-1,817

1,161

1,606

-328

-300

-160

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

20,266

-18,205

1,278

1,830

1,774

-1,596

1,078

1,021

-1,136

1,548

1,384

1,909

4,776

-4,393

1,185

701

1,745

-1,112

Purchase of investment and mortgage-backed securities available for sale

-

-

-

-

-

-

-

60,788

12,106

40,641

-

-

-

-

-18,176

20,987

9,899

36,929

-

-

-

4,079

5,217

9,042

5,989

2,421

0

8,987

1,977

5,991

Purchase of investment and mortgage-backed securities held for maturity

0

2,500

-

-

-

-

2,022

0

0

2,458

3,800

0

13,786

5,061

-

-

-

-

-

-

-

-

-

-

-

-

3,026

8

11,987

21,467

Loans originated

22,237

32,974

21,295

33,354

14,857

30,865

30,570

38,907

25,785

28,346

58,526

55,207

77,030

27,848

27,346

30,772

10,061

19,085

7,353

7,695

11,892

33,552

14,456

18,524

6,229

29,425

38,422

21,528

21,202

22,295

Principal collected on loans

24,287

29,463

22,389

28,858

21,727

45,430

29,020

20,709

21,385

19,475

32,454

32,723

64,747

20,637

24,477

10,072

9,633

9,783

11,162

17,795

15,913

22,235

14,798

15,339

9,127

14,290

15,546

16,514

7,699

8,822

Proceeds from sale of investment and mortgage-backed securities

-

17,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,854

0

304

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

41,277

902

288

259

225

2,230

279

294

336

345

394

283

283

295

6,026

29,049

11,309

10,604

3,631

3,610

6,621

644

6,780

-1,310

7,691

761

4,094

3,192

3,227

5,379

Available-for-sale

42,095

23,346

8,084

6,546

5,483

3,978

4,352

3,523

3,808

3,332

11,097

-3,373

8,897

2,607

600

2,202

-3,510

5,056

2,597

2,073

984

1,211

1,687

933

858

1,065

1,224

10,808

5,514

4,893

Redemption of FHLB stock

4,194

1,295

-1,256

812

4,815

774

-

-

-

-

-

-

-

-

-

-

-

-

0

-19

9

862

-

-

-

-

2

476

286

294

Purchase of FHLB stock

2,167

2,468

1,794

3,785

5,117

3,270

1,645

2,782

1,496

857

-

-

-

507

76

536

207

1,275

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

344

16

-

-

-

-

313

598

420

208

Proceeds from the sale of office property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

927

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of BOLI

-

-

-

-

-

-

-

-

-

-

-

0

0

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of equipment

109

124

117

44

199

26

46

35

116

63

79

15

208

6

8

8

22

139

259

171

69

160

33

30

25

38

94

31

18

31

Net cash provided by (used in) investing activities

81,638

-25,662

-82,838

9,135

-41,182

-68,399

-44,709

-64,446

-12,100

-49,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FINANCING ACTIVITIES:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-12,245

-19,883

-29,136

13,136

-12,043

-41,193

7,895

6,772

4,087

-12,823

1,598

-17,645

-246

-15,768

-20,363

16,888

-8,798

-29,884

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

21,443

24,371

-328

1,352

13,917

-3,125

-2,422

-8,755

-4,373

-5,691

-8,923

-8,677

-2,904

-1,105

863

-1,623

-5,037

2,249

-3,615

-3,281

-4,869

2,412

-2,007

-620

1,351

-3,113

1,687

1,211

-3,287

4,976

Net (decrease) increase in certificates of deposit

-10,894

-48,880

-

-

59,165

-28,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in FHLB advances - short term

-50,000

40,000

-

11,000

-43,000

58,500

-

-

-

10,000

-

-

-

29,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB advances - long term

-

-

36,682

65,092

50,723

23,500

23,300

30,500

13,500

26,000

-

-

-

-

-

13,999

6,111

31,889

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291,350

0

0

-145,675

-

-

-

-

Repayment of FHLB advances - long term

3,532

8,748

14,487

-224

80

19,232

7,699

7,582

13,907

13,287

-6,128

7,708

-13,037

14,850

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

143

Net increase (decrease) in certificates of deposit

-

-

-

-

-

-

-

49,347

27,043

21,741

-

28,413

17,556

20,119

1,698

4,193

18,501

3,283

-7,414

-6,091

-1,098

-1,995

16,130

-5,948

-6,851

-4,990

-7,570

-14,352

-8,392

-2,802

Increase in advances from borrowers for taxes and insurance

-642

977

-1,201

1,273

-1,150

1,327

-1,725

1,318

-1,007

1,290

-1,775

1,193

276

765

-1,021

992

-777

884

-1,132

1,177

-681

1,066

-1,129

909

-1,007

987

-

-

-

-

Cash dividends paid

4,453

622

445

4,446

446

447

3,605

449

450

1,796

271

269

270

225

201

242

221

231

90

1,592

279

240

-

-

-

-

-

-

-

-

Increase in advances from borrowers for taxes and insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

916

Issuance of common stock from second-step conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

38,702

-

-

-

-

Treasury stock used for employee benefit plans

-

-

-

-

-

-

-

424

334

309

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

31,625

-

-

-

-

Purchase of treasury stock

-

-

-52

912

561

1,687

-374

1,118

906

898

-

-

-

-

-1,417

1,759

5,840

865

5,838

5,063

1,627

2,163

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-50,161

7,098

90,078

-23,743

78,639

30,120

53,846

78,685

10,234

37,668

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

47,881

-19,161

-

-

40,695

-38,273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit related to stock compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

45

52

59

83

70

38

10

10

10

12

47

49

47

4

39

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-3,031

33,716

1,726

16,276

11,848

37,268

-18,006

-14,910

-8,726

-910

12,719

-5,935

-9,584

-82,417

139,090

-12,129

-12,598

2,986

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

17,947

1,449

-11,244

-

9,869

4,990

-4,372

-26,132

31,242

1,579

-5,521

-9,033

-7,117

-5,775

-12,185

15,701

-21,671

-5,054

-102,578

119,912

5,460

-19,651

-28,010

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

4,413

7,774

4,848

4,468

3,554

5,661

2,620

2,349

1,440

3,192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest on deposits and advances from Federal Home Loan Bank

-

-

-

-

-

-

-

-

-

-

-

-

2,842

0

465

352

363

2,034

455

419

380

2,371

386

334

307

2,554

507

559

417

3,577

Home Loan Bank

-

-

-

-

-

-

-

-

-

-

-

-

-

2,083

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

100

0

330

650

-

-

-

-

0

0

275

200

-

-

-

-

-

0

0

0

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

0

183

-

-

-

-

-

-

-

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease adoption:
Right of use lease asset

0

1,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

0

1,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired in settlement of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

83

0

-

-

-

-

Real estate acquired in settlement of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236