| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash Flows From Operating Activities: | ||||||
Net income (loss) | ||||||
-5,125 | 2,677 | -4,387 | 1,425 | 2,518 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Amortization of premiums/discounts on securities, net | ||||||
-42 | -10 | -52 | -11 | -6 | ||
Loss on sale of loans, net | ||||||
-102 | -54 | -106 | -13 | -73 | ||
(Gain) loss on sale of available-for-sale securities | ||||||
- | 12 | -6 | - | - | ||
Loss on termination of pension plan | ||||||
9,930 | - | - | - | - | ||
Write-down of loans held for sale | ||||||
- | - | - | - | 9 | ||
Write-down on other real estate owned | ||||||
- | - | - | - | 86 | ||
Gain on sale of other real estate owned | ||||||
- | - | - | 4 | - | ||
Provision for loan losses (Note 4) | ||||||
258 | 1,249 | 1,716 | -57 | 353 | ||
Depreciation and amortization | ||||||
2,222 | 1,798 | 1,625 | 1,679 | 1,817 | ||
Amortization of core deposit intangible assets | ||||||
- | - | 3 | - | - | ||
Amortization of core deposit intangible assets | ||||||
- | - | - | 129 | 144 | ||
ESOP compensation | ||||||
766 | 615 | 735 | - | - | ||
Share-based compensation expense | ||||||
1,256 | 98 | - | - | - | ||
Charitable foundation contribution expense | ||||||
- | - | 6,093 | - | - | ||
Deferred income taxes | ||||||
-2,099 | -184 | -40 | 126 | 1,086 | ||
Changes in assets and liabilities: | ||||||
(Increase) decrease in accrued interest receivable | ||||||
187 | 460 | 628 | 39 | -81 | ||
(Increase) decrease in other assets | ||||||
-1,450 | 371 | -38 | -175 | -3,168 | ||
(Decrease) increase in accrued interest payable | ||||||
34 | 21 | 14 | -8 | -10 | ||
Increase in advance payments by borrowers | ||||||
311 | 1,012 | 1,143 | - | - | ||
Increase in other liabilities | ||||||
-2,884 | 1,378 | 2,170 | 893 | -4,101 | ||
Net cash provided by operating activities | ||||||
6,076 | 7,885 | 8,646 | 4,343 | - | ||
Cash Flows From Investing Activities: | ||||||
Proceeds from redemption of FHLBNY Stock | ||||||
- | - | - | -1,890 | - | ||
Net cash provided by operating activities | ||||||
- | - | - | - | 5,230 | ||
Proceeds from redemption of FHLBNY stock | ||||||
11,565 | - | 9,364 | - | 10,199 | ||
Purchases of FHLBNY Stock | ||||||
14,385 | 1,404 | 9,909 | 1,692 | 10,094 | ||
Purchases of available-for-sale securities | ||||||
34,000 | 4,996 | - | 25,914 | - | ||
Proceeds from sale of available-for-sale securities | ||||||
- | 3,760 | 20,374 | - | - | ||
Proceeds from maturities, calls and principal repayments on available-for-sale securities | ||||||
39,555 | 2,902 | 3,276 | - | - | ||
Proceeds from maturities, calls and principal repayments on available-for-sale securities | ||||||
- | - | - | 55,556 | 19,381 | ||
Proceeds from sales of loans | ||||||
3,614 | 6,885 | 2,967 | 4,386 | 3,981 | ||
Net increase in loans | ||||||
42,232 | 127,994 | 159,201 | 77,669 | 29,385 | ||
Proceeds from sale of other real estate owned | ||||||
- | - | - | 80 | - | ||
Purchases of premises and equipment | ||||||
3,816 | 5,761 | 2,769 | 530 | 276 | ||
Net cash used in investing activities | ||||||
-39,699 | -126,608 | -135,898 | -43,893 | - | ||
Cash Flows From Financing Activities: | ||||||
Net cash used in investing activities | ||||||
- | - | - | - | -6,194 | ||
Net increase (decrease) in deposits | ||||||
-27,715 | 95,773 | 70,907 | 43,572 | -191 | ||
Repurchase of treasury stock | ||||||
15,763 | - | - | - | - | ||
Proceeds from issuance of common stock | ||||||
- | - | 78,191 | - | - | ||
Funds loaned to the ESOP | ||||||
- | - | 7,238 | - | - | ||
Proceeds from advances from FHLBNY | ||||||
699,498 | 271,027 | 646,400 | 280,000 | 1,989,305 | ||
Repayments of advances from FHLBNY | ||||||
664,498 | 238,023 | 613,000 | 285,000 | 1,991,305 | ||
Net cash provided by (used in) financing activities | ||||||
-8,478 | 128,777 | 175,260 | 38,572 | - | ||
Net increase (decrease) in cash and cash equivalents | ||||||
-42,101 | 10,054 | 48,008 | - | - | ||
Net cash provided by financing activities | ||||||
- | - | - | - | -2,191 | ||
Net (decrease) in cash and cash equivalents | ||||||
- | - | - | -978 | -3,155 | ||
Supplemental Disclosures: | ||||||
Cash paid during the period: | ||||||
Interest | ||||||
12,324 | 9,469 | 6,821 | 5,944 | - | ||
Interest | ||||||
- | - | - | - | 5,660 | ||
Income taxes | ||||||
1,178 | 549 | 1,474 | 1,280 | 1,598 | ||
Supplemental Disclosures of Noncash Investing Activities: | ||||||
Transfer of loans held for sale from loans | ||||||
1,030 | - | - | 3,239 | 6,526 | ||
Transfer of loans held for sale to loans | ||||||
- | - | 2,143 | - | 1,867 | ||
Supplemental Disclosure of Noncash Financing Activities: | ||||||
Issuance of common stock to the Ponce De Leon Foundation | ||||||
- | - | 6,093 | - | - | ||