Poage bankshares, inc. (PBSK)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Sep'13Sep'12Sep'11Sep'10
Operating activities:
Net income

-2,868

1,795

3,177

1,846

-

1,579

1,554

2,187

Net income

-

-

-

-

2,156

-

-

-

Adjustments to reconcile net income to net cash from operating activities:
Bargain purchase gain

-

-

955

-

-

-

-

-

Depreciation

798

854

856

569

414

391

371

320

Provision for loan losses

3,516

1,249

514

504

106

902

615

650

ESOP compensation expense

258

241

210

195

191

159

-

-

Stock based compensation expense

303

377

573

629

228

0

-

-

Loss on securities

-

-3

14

232

22

-

-

-

Net gains on sales of securities

-

-

-

-

-

246

28

2,269

(Gain) Loss on sale of premises and equipment, net

17

36

-

-18

-9

-69

-

-

(Gain) Loss on sale and write-downs of other real estate owned, net

-479

-348

-166

-75

-219

-20

-81

-63

Loss on sale of repossessed assets, net

-13

-5

1

-

-

-

-

-

Loss on fictitious loans

481

-

-

-

-

-

-

-

Amortization of core deposit intangible

339

347

343

264

0

-

-

-

Accretion of fair value adjustments related to loans

-383

-768

-1,579

-1,103

0

-

-

-

Accretion of fair value adjustments related to deposits

-65

-65

-71

-49

0

-

-

-

Amortization of fair value related to subordinated debenture

65

64

64

48

0

-

-

-

Loss on fictitious loans

-

-

-

-

-

151

180

-

Net amortization on securities

-59

-241

-495

-677

-891

-724

-459

-94

Deferred income tax (benefit) expense

-1,477

440

854

296

300

-41

-230

-

Tax rate change - 2017 Tax Cuts & Job Act

1,152

-

-

-

-

-

-

-

Net gain on mortgage banking activities

174

218

208

564

701

-

-

-

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

38

Net gain on sale of loans

-

-

-

-

-

442

361

93

Origination of loans held for sale

5,965

8,151

7,486

7,940

10,482

12,699

10,627

4,721

Proceeds from loans held for sale

6,494

8,125

8,039

8,099

11,420

13,434

11,677

3,113

Increase in cash value of life insurance

171

180

181

213

0

-

-

-

Income from death benefit

-

-

-

243

202

218

226

234

Change in assets and liabilities, net assets and liabilities acquired:
Accrued interest receivable

16

57

-64

-259

-121

-129

95

1

Other assets

-120

-184

-621

862

-188

-159

-550

1,570

Accrued interest payable

-28

14

-31

-16

-98

-59

-70

-189

Other liabilities

1,935

738

-817

252

232

-533

-291

531

Net cash provided by operating activities

-

-

4,633

2,509

-

-

-

-

Net cash provided by operating activities

4,848

5,550

-

-

4,970

3,479

3,559

-2,081

Investing activities:
Net increase in interest-bearing deposits with other institutions

996

-

1,992

-

-

-

-

-

Net increase in interest-bearing deposits with other institutions

-

-

-

-

-

-

100

100

Securities available for sale:
Proceeds from sales

-

-

4,052

19,721

4,145

15,969

1,964

48,820

Proceeds from calls

585

6,655

2,010

15,030

11,265

54,685

41,143

4,046

Proceeds from maturities

1,280

-

1,010

385

2,684

665

445

375

Purchases

15,014

9,368

13,087

3,936

28,799

94,928

75,065

32,595

Principal payments received

7,125

7,369

6,706

5,832

12,580

6,444

-

-

Purchase of restricted stock

-

-

56

-

-

-

-

-

Cash received for acquisition, net of cash acquired

-

-

-2,355

-1,445

-

-

-

-

Principal payments received

-

-

-

-

-

-

117

11,978

Purchase of restricted stock

-

-

-

-

-

47

23

49

Cash paid for acquisition, net of cash acquired

-

-

-

-

0

-

-

-

Loan originations and principal payments on loans, net

-8,381

31,380

-2,442

7,740

-4,190

-

-

-

Proceeds from death benefit

-

-

-

632

0

-

-

-

Loan originations and principal payments on loans, net

-

-

-

-

-

496

-2,504

-

Purchases

-

-

-

-

-

-

-

100

Loan originations and principal payments on loans, net

-

-

-

-

-

-

-

16,399

Proceeds from the sale of other real estate owned

1,129

1,308

899

128

599

543

602

161

Proceeds from the sale of repossessed assets

59

42

52

-

-

-

-

-

Proceeds from the sale of premises and equipment

54

150

-

-

-

-

-

-

Purchase of premises and equipment

220

569

1,024

2,090

542

216

244

689

Net cash used in investing activities

-

-

3,367

29,407

-

-

-

-

Net cash provided by (used in) investing activities

2,383

-25,793

-

-

6,122

-16,389

-33,465

15,648

Financing activities:
Net change in deposits

-4,593

31,643

4,660

-3,303

-19,132

-6,250

14,910

18,114

Proceeds from other borrowings

1,500

-

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank borrowings

18,000

80,500

48,000

65,000

0

0

-

1,200

Payments on Federal Home Loan Bank borrowings

19,913

86,971

52,465

82,006

4,442

5,445

9,088

8,363

Payments on other borrowings

1,500

-

-

-

-

-

-

-

Cash dividend paid

817

1,000

840

702

498

405

-

-

Proceeds from issuance of common stock, net of costs

-

-

1,675

-

-

-

31,989

-

Proceeds from exercise of stock options, including tax benefit

-

108

-

-

-

-

-

-

Stock issuance cost paid

-

-

-

212

0

-

-

-

Stock repurchases

3,798

3,524

2,121

410

2,258

-

-

-

Net cash provided by financing activities

-

-

-1,091

-21,633

-

-

-

-

Cash provided to ESOP

-

-

-

-

-

-

-2,698

-

Net cash (used in) financing activities

-11,121

20,756

-

-

-26,330

-12,100

35,113

10,951

Net increase in cash and cash equivalents

-3,890

513

6,909

10,283

-15,238

-25,010

5,207

24,518

Additional cash flows and supplementary information:
Cash paid during the year for:
Interest on deposits and debt

2,875

2,405

-

-

-

-

-

-

Interest on deposits and debt

-

-

2,212

2,180

2,426

3,312

4,600

5,760

Income taxes payment

350

-350

500

200

350

250

-

1,765

Stock issued for consideration paid in acquisition

-

-

492

7,836

0

-

-

-

Other assets acquired in settlement of loans

86

47

39

-

-

-

-

-

Other real estate owned and other repossessed assets acquired in settlement of loans

2,352

1,216

1,768

930

-

-

-

-

Real estate transferred to premises and equipment

-

-

756

0

-

-

-

-

Real estate acquired in settlement of loans

-

-

-

-

192

1,437

551

295

Real estate transferred from premises and equipment

-

-

-

756

0

-

-

-