| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | ||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net income | ||||||
8,318 | 6,604 | 3,229 | 2,926 | - | ||
Net Income | ||||||
- | - | - | - | 508 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Provision for loan losses | ||||||
808 | 414 | 823 | 1,859 | 1,326 | ||
Depreciation and amortization | ||||||
1,178 | 1,432 | 1,427 | 1,265 | 752 | ||
Amortization of net premiums on securities and deposits, and net deferred loan origination costs | ||||||
1,277 | 1,679 | - | - | - | ||
Amortization of net premiums on securities and net deferred loan origination costs | ||||||
- | - | 1,002 | 943 | 971 | ||
Deferred income tax (credit) expense, net of valuation reserves | ||||||
-350 | 2,425 | -26 | 1,299 | 586 | ||
Net increase in accrued interest receivable | ||||||
439 | 665 | 332 | 127 | -45 | ||
Net gains on sales of foreclosed real estate | ||||||
24 | -7 | 99 | 9 | 1 | ||
Net gains on sales of securities | ||||||
62 | 236 | - | - | - | ||
Gains on sales of bank premises | ||||||
156 | - | - | - | - | ||
Net gains on sale of securities | ||||||
- | - | 0 | 0 | - | ||
Write-downs on foreclosed real estate | ||||||
21 | - | - | - | - | ||
Stock-based compensation | ||||||
2,140 | - | - | - | - | ||
Write-downs on foreclosed real estate | ||||||
- | - | - | 30 | 87 | ||
Contribution to PCSB Community Foundation | ||||||
- | - | 3,387 | - | - | ||
ESOP compensation | ||||||
1,918 | 2,248 | 454 | - | - | ||
Earnings from cash surrender value of BOLI | ||||||
544 | 568 | 622 | 458 | 297 | ||
Net accretion of purchase accounting adjustments | ||||||
357 | 563 | 820 | 1,352 | 132 | ||
Other adjustments, principally net changes in other assets and liabilities | ||||||
741 | -1,834 | 588 | 431 | 2,203 | ||
Net cash provided by operating activities | ||||||
12,987 | 14,611 | 7,835 | 5,945 | - | ||
Net cash provided by operating activities | ||||||
- | - | - | - | 1,642 | ||
INVESTING ACTIVITIES | ||||||
Purchases of investment securities: | ||||||
Held to maturity | ||||||
57,925 | 51,218 | 195,566 | 112,896 | 94,178 | ||
Available for sale | ||||||
- | 27,498 | - | - | - | ||
Sales of investment securities available for sale | ||||||
14,021 | 7,511 | - | - | - | ||
Available for sale | ||||||
- | - | 23,314 | 56,420 | 25,952 | ||
Maturities, calls and amortization of investment securities: | ||||||
Held to maturity | ||||||
64,988 | 80,997 | 72,152 | 107,656 | 97,971 | ||
Available for sale | ||||||
20,711 | 24,202 | 32,750 | 33,058 | 44,996 | ||
Loan principal disbursements, net | ||||||
112,034 | 818 | 1,131 | 14,314 | 3,221 | ||
Purchase of loans | ||||||
80,833 | 93,166 | 30,926 | 43,981 | 3,638 | ||
Acquisition, net cash paid | ||||||
- | - | - | - | 20,649 | ||
Net redemption (purchase) of FHLB stock | ||||||
4,205 | -1,082 | 1,085 | 328 | -1,167 | ||
Purchase of bank premises and equipment, net of sales | ||||||
1,116 | 753 | 3,469 | 3,902 | 549 | ||
Purchase of BOLI | ||||||
- | - | - | 11,275 | - | ||
Proceeds from sales of foreclosed real estate | ||||||
487 | 1,249 | 2,121 | 1,030 | 183 | ||
Net cash used in investing activities | ||||||
-155,906 | -58,412 | -148,468 | -101,372 | - | ||
Net cash used in investing activities | ||||||
- | - | - | - | -3,870 | ||
FINANCING ACTIVITIES | ||||||
Net increase in deposits | ||||||
68,364 | 69,019 | -24,109 | 52,778 | -4,274 | ||
Net decrease in short-term FHLB advances | ||||||
-60,000 | 23,636 | -23,636 | 5,019 | 31,050 | ||
Proceeds from long-term FHLB advances | ||||||
42,500 | - | 15,000 | 20,100 | 9,000 | ||
Repayment of long-term FHLB advances | ||||||
10,125 | 121 | 16,119 | 9,000 | - | ||
Net decrease in mortgage escrow funds | ||||||
552 | 719 | 1,061 | 385 | 1,063 | ||
Common stock dividends paid | ||||||
2,183 | 504 | - | - | - | ||
Issuance of common stock | ||||||
- | -17 | 160,072 | - | - | ||
Repurchase of common stock | ||||||
18,305 | - | - | - | - | ||
Net cash provided by financing activities | ||||||
140,803 | 45,460 | 159,541 | 59,244 | - | ||
Net (decrease) increase in cash and cash equivalents | ||||||
-2,116 | 1,659 | 18,908 | -36,183 | - | ||
Net cash provided by financing activities | ||||||
- | - | - | - | -25,261 | ||
Net (decrease) increase in cash and cash equivalents | ||||||
- | - | - | - | -27,489 | ||
Supplemental information: | ||||||
Cash paid for: | ||||||
Interest | ||||||
10,688 | 6,204 | 5,293 | 4,814 | - | ||
Interest | ||||||
- | - | - | - | 3,832 | ||
Income taxes (net of refunds) | ||||||
2,933 | 2,766 | 1,100 | -351 | 424 | ||
Loans transferred to foreclosed real estate and other assets | ||||||
1,182 | 739 | 2,075 | 1,575 | 243 | ||
Assets acquired | ||||||
- | - | - | - | 264,101 | ||
Liabilities acquired | ||||||
- | - | - | - | 249,295 | ||