| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
4,417 | 2,131 | 5,207 | 7,474 | 9,803 | 6,606 | 25,797 | 10,810 | 13,220 | 1,115 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation and amortization | |||||||||
- | - | - | - | - | - | - | - | - | 1,534 |
Depreciation and amortization | |||||||||
3,075 | 3,130 | 2,640 | 1,909 | 1,857 | 1,658 | 1,746 | 1,357 | 1,417 | - |
Recovery from the allowance for loan losses | |||||||||
-475 | -536 | -1,042 | -1,715 | -1,387 | -3,380 | -1,499 | 5,777 | 5,465 | 21,843 |
Recovery of losses on real estate owned | |||||||||
- | 561 | - | - | - | - | - | - | - | - |
(Recovery) provision of losses on real estate owned | |||||||||
- | - | 440 | -60 | -10 | -25 | -98 | -1,002 | - | - |
Recovery of losses on real estate owned | |||||||||
- | - | - | - | - | - | - | - | 166 | - |
(Gain) loss on sale of loans, net | |||||||||
7,135 | 15,802 | 25,680 | 31,521 | 34,210 | 25,799 | 68,493 | 38,017 | 31,194 | -14,338 |
(Gain) loss on sale of real estate owned, net | |||||||||
9 | -558 | 138 | 52 | 468 | 288 | 1,213 | -287 | 185 | - |
Gain on sale of premises and equipment, net | |||||||||
- | - | - | - | - | - | - | - | 1,080 | - |
Net realized loss (gain) on sale of real estate owned | |||||||||
- | - | - | - | - | - | - | - | - | -2,692 |
Net realized gain on sale of investment securities | |||||||||
- | - | - | - | - | - | - | - | - | -2,290 |
Stock-based compensation | |||||||||
869 | 1,054 | 1,490 | 1,098 | 1,485 | 526 | 768 | 1,254 | 958 | 1,016 |
ESOP expense | |||||||||
- | - | - | - | - | - | - | - | 304 | - |
Provision for deferred income taxes | |||||||||
-650 | -165 | -1,194 | -217 | -35 | 1,041 | -4,275 | -1,282 | -3,922 | - |
Tax effect from stock-based compensation | |||||||||
- | - | 0 | 0 | 397 | -315 | -92 | 0 | 0 | - |
ESOP expense | |||||||||
- | - | - | - | - | - | - | - | - | 323 |
Provision for deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | - | 2,496 |
Increase in cash surrender value of bank owned life insurance | |||||||||
- | - | - | - | - | - | - | - | - | -200 |
Decrease in accounts payable, accrued interest and other liabilities | |||||||||
1,865 | 2,174 | 3,408 | -422 | 203 | -2,110 | 1,051 | 2,372 | -1,731 | -5,600 |
(Increase) decrease in prepaid expenses and other assets | |||||||||
-774 | 824 | 1,521 | -137 | -966 | -149 | -2,589 | -2,688 | -1,471 | -7,987 |
Loans originated for sale | |||||||||
467,094 | 1,185,996 | 1,913,038 | 1,962,869 | 2,480,715 | 1,967,622 | 3,496,531 | 2,516,637 | 2,143,543 | -1,800,831 |
Proceeds from sale of loans | |||||||||
570,154 | 1,222,493 | 2,010,539 | 2,033,815 | 2,445,063 | 2,039,528 | 3,586,581 | 2,517,505 | 2,148,728 | 1,805,976 |
Net cash provided by operating activities | |||||||||
107,091 | 27,986 | 83,442 | 47,789 | -57,775 | 48,517 | 55,065 | -12,324 | -2,414 | 969 |
Cash flows from investing activities: | |||||||||
Decrease (increase) in loans held for investment, net | |||||||||
-22,479 | 223 | 66,349 | 32,123 | 43,702 | 25,911 | -40,816 | -62,149 | -85,769 | - |
Payments to Acquire Investments | |||||||||
- | - | 35,302 | 41,683 | 200 | 800 | 0 | 0 | - | - |
Net decrease in loans held for investment | |||||||||
- | - | - | - | - | - | - | - | - | 96,680 |
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities | |||||||||
- | - | 1,000 | 0 | 200 | 0 | 0 | - | 3,250 | 2,000 |
Purchase of investment securities held to maturity | |||||||||
-40,682 | -54,148 | - | - | -250 | 0 | 0 | - | - | - |
Maturity of investment securities held to maturity | |||||||||
800 | 200 | 13,134 | 2,328 | 0 | - | - | - | - | - |
Principal payments from investment securities held to maturity | |||||||||
- | - | 147 | 0 | 0 | - | - | - | - | - |
Principal payments from investment securities held to maturity | |||||||||
32,765 | 25,497 | 15,100 | 4,800 | 2,300 | 2,910 | 3,295 | 3,341 | 5,534 | 20,604 |
Principal payments from investment securities available for sale | |||||||||
1,463 | 1,734 | 1,950 | 2,500 | 2,338 | - | - | - | - | - |
Purchase of FHLB - San Francisco stock | |||||||||
- | 91 | 14 | 0 | 1,038 | 0 | 0 | - | - | - |
Proceeds from sales of investment securities available for sale | |||||||||
- | - | - | - | - | - | - | - | - | 67,778 |
Redemption of FHLB San Francisco stock | |||||||||
- | - | - | - | - | -8,217 | -6,982 | -4,721 | -4,819 | 1,228 |
Purchase of bank owned life insurance | |||||||||
- | - | - | - | - | - | - | - | - | -2,000 |
Proceeds from sale of real estate owned | |||||||||
915 | 2,635 | 2,409 | 6,573 | 3,075 | 4,156 | 13,408 | 19,895 | 38,750 | 44,206 |
Proceeds from the sale of premises and equipment | |||||||||
- | - | - | - | - | - | - | - | 2,189 | - |
Purchase of premises and equipment | |||||||||
449 | 2,909 | 1,491 | 1,517 | 376 | 715 | 1,111 | 2,595 | 879 | -395 |
Net cash (used for) provided by investing activities | |||||||||
17,291 | -27,305 | -84,516 | -63,922 | -39,953 | -12,143 | 63,390 | 87,511 | 139,432 | 230,101 |
Cash flows from financing activities: | |||||||||
Decrease in deposits, net | |||||||||
-66,327 | -18,923 | 137 | 2,298 | 26,216 | -25,140 | -38,401 | 15,644 | 12,834 | -56,312 |
Repayments of short-term borrowings, net | |||||||||
15,000 | - | - | - | - | - | - | - | - | - |
Repayments of long-term borrowings | |||||||||
10,056 | 10,063 | 73 | 68 | 64 | 65,060 | 20,055 | 90,052 | 133,049 | -147,045 |
Proceeds from long-term borrowings | |||||||||
- | 10,000 | 20,000 | 0 | 50,000 | 0 | 0 | 10,000 | 30,000 | - |
Exercise of stock options | |||||||||
553 | 677 | - | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||
- | - | -942 | -590 | -380 | -385 | -296 | -72 | 0 | - |
Withholding taxes on stock based compensation | |||||||||
615 | 322 | 536 | 54 | - | - | - | - | - | - |
Tax effect from stock-based compensation | |||||||||
- | - | 57 | 222 | 397 | -315 | -92 | 0 | 0 | - |
Cash dividends | |||||||||
4,194 | 4,228 | 4,119 | 4,014 | 4,055 | 3,964 | 2,541 | 1,572 | 456 | -352 |
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Employer Cash Payments Used for Debt Service | |||||||||
- | - | 15,000 | 0 | 0 | - | - | - | 2 | 4 |
Treasury stock purchases | |||||||||
1,412 | 7,347 | 8,714 | 13,038 | 12,680 | 17,182 | 8,959 | 6,693 | 0 | - |
Proceeds from issuance of common stock | |||||||||
- | - | - | - | - | - | - | - | - | 11,933 |
Net cash provided by (used for) financing activities | |||||||||
-97,051 | -30,206 | 22,694 | -14,064 | 60,194 | -111,276 | -69,752 | -72,601 | -90,669 | -191,772 |
Net increase (decrease) in cash and cash equivalents | |||||||||
27,331 | -29,525 | 21,620 | -30,197 | -37,534 | -74,902 | 48,703 | 2,586 | 46,349 | 39,298 |
Supplemental information: | |||||||||
Cash paid for interest | |||||||||
6,221 | 6,410 | 6,645 | 6,985 | 6,291 | 7,712 | 10,935 | 15,249 | 21,582 | 31,050 |
Cash paid for income taxes | |||||||||
1,555 | 2,765 | 3,039 | 3,845 | 5,675 | 6,216 | 15,195 | 5,110 | 8,380 | 3,990 |
Transfer of loans held for sale to held for investment | |||||||||
1,909 | 1,692 | 3,776 | 4,889 | 4,534 | 4,299 | 4,601 | 2,567 | 283 | - |
Real estate acquired in the settlement of loans | |||||||||
- | 2,171 | 1,845 | 6,347 | 3,044 | 4,810 | 10,976 | 24,113 | 47,316 | 59,038 |
Payments to Acquire Mortgage Backed Securities (MBS) categorized as Available-for-sale | |||||||||
- | - | 34,500 | 41,700 | - | - | - | - | - | - |