| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||||
Net income | ||||||||
1,075 | - | - | - | 911 | - | - | - | - |
Net income | ||||||||
- | - | - | - | - | - | - | 579 | 616 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Amortization and accretion of premiums and discounts on investments, net | ||||||||
-110 | -75 | -84 | -19 | -66 | -72 | -86 | 3,728 | -3,907 |
Net realized loss on sales and calls of securities | ||||||||
-29 | - | - | - | - | - | - | - | - |
Net realized loss on sales and calls of securities | ||||||||
- | - | - | - | - | - | - | 0 | -1 |
Provision for loan losses | ||||||||
1,200 | 450 | 450 | 780 | 780 | 525 | 525 | 525 | 525 |
Loans originated for sale | ||||||||
15,335 | - | - | - | 8,318 | - | - | - | - |
Loans originated for sale | ||||||||
- | - | - | - | - | - | - | 8,509 | 6,337 |
Proceeds from sale of loans | ||||||||
16,850 | 17,220 | 12,866 | 10,638 | 7,303 | 10,229 | 13,080 | 8,109 | 7,957 |
Net gain on sale of loans | ||||||||
254 | 252 | 159 | 152 | 56 | 186 | 167 | 120 | 148 |
Amortization of intangible assets | ||||||||
11 | 11 | 10 | 11 | 11 | 10 | 11 | 10 | 11 |
Depreciation and amortization | ||||||||
328 | 322 | 324 | 324 | 321 | 281 | 293 | 286 | 287 |
Deferred income tax benefit | ||||||||
-53 | 130 | 36 | -127 | -133 | 114 | 183 | -148 | -47 |
Increase in cash surrender value of insurance | ||||||||
97 | 98 | 100 | 100 | 100 | 101 | 101 | 100 | 99 |
Increase in accrued interest receivable | ||||||||
199 | 110 | -81 | 92 | 259 | 105 | 622 | 131 | -484 |
Expense of released ESOP shares | ||||||||
55 | - | - | - | - | - | - | - | - |
(Increase) decrease in other assets | ||||||||
6,008 | 80 | -264 | 212 | -1,161 | 249 | 433 | 139 | 216 |
Increase (decrease) in accrued expenses and other liabilities | ||||||||
6,047 | 456 | 675 | 978 | -395 | 668 | -1,246 | 1,325 | -72 |
Net cash provided by operating activities | ||||||||
3,759 | 1,817 | 3,688 | 2,188 | 1,292 | 1,795 | 1,503 | -1,559 | 6,869 |
Cash Flows from Investing Activities | ||||||||
Proceeds from sales and calls of securities | ||||||||
6,996 | - | - | - | - | 0 | 1,738 | 0 | 375 |
Proceeds from maturities and principal repayments of securities | ||||||||
6,009 | 6,370 | 5,075 | 4,000 | 2,877 | - | - | - | - |
Purchases of securities | ||||||||
10,146 | 12,690 | 9,556 | 9,123 | 9,709 | - | - | - | - |
Net purchases of FHLB Stock | ||||||||
600 | 827 | -747 | -564 | 2,036 | -991 | 478 | 1,149 | 139 |
Net increase in loans | ||||||||
19,351 | - | - | - | 28,189 | - | - | - | - |
Net increase in loans | ||||||||
- | - | - | - | - | - | 32,173 | 41,913 | 15,138 |
Purchases of bank premises and equipment | ||||||||
493 | 89 | 2,049 | 216 | 235 | 712 | 91 | 262 | 81 |
Net increase of other real estate owned | ||||||||
-16 | - | - | - | - | - | - | - | - |
Proceeds from sale of other real estate owned | ||||||||
51 | 102 | 73 | 56 | 51 | - | - | - | - |
Net cash used in investing activities | ||||||||
-17,550 | -34,334 | -27,117 | -30,266 | -37,241 | -22,824 | -30,963 | -35,302 | -14,983 |
Cash Flows from Financing Activities | ||||||||
Net increase in demand deposits, NOW, money market and savings accounts | ||||||||
-629 | - | - | - | -18,931 | - | - | - | - |
Net (decrease) increase in demand deposits, NOW, money market and savings accounts | ||||||||
- | - | - | - | - | - | - | 4,045 | 1,968 |
Net increase in time deposits | ||||||||
11,941 | 8,815 | 16,654 | 18,947 | 18,537 | 2,771 | 722 | 4,867 | 5,113 |
Decrease in mortgagors' escrow accounts | ||||||||
-1,043 | 4,413 | -6,707 | 4,089 | -1,414 | 4,204 | -6,593 | 3,885 | -1,055 |
Net increase in short-term debt | ||||||||
2,861 | 27,163 | -9,585 | -48,052 | 43,683 | -11,711 | 12,437 | 5,000 | 3,100 |
Net increase (decrease) in long-term debt | ||||||||
10,479 | - | -7,020 | 35,748 | -3,436 | - | - | - | - |
Proceeds of stock subscriptions | ||||||||
- | - | - | - | 9,814 | - | - | - | - |
Return of unfulfilled stock subscriptions | ||||||||
- | 0 | 9 | -10 | 41,083 | - | - | - | - |
Offering expenses | ||||||||
- | 0 | 0 | 11 | 1,887 | - | - | - | - |
Loan to ESOP | ||||||||
- | 0 | 0 | 0 | 4,364 | - | - | - | - |
Return of capital to Rhinebeck Bancorp, MHC | ||||||||
- | 0 | 0 | 0 | 121 | - | - | - | - |
Net cash provided by financing activities | ||||||||
23,609 | 26,139 | 29,816 | 24,608 | 798 | 59,023 | 29,648 | 37,797 | 9,126 |
Net increase (decrease) in cash and due from banks | ||||||||
9,818 | - | - | - | -35,151 | - | - | - | - |
Cash and Due from Banks | ||||||||
Net (decrease) increase in cash and due from banks | ||||||||
- | - | - | - | - | - | - | 936 | 1,012 |
Supplemental Disclosures of Cash Flow Information | ||||||||
Cash paid for: | ||||||||
Interest | ||||||||
2,445 | 2,202 | 2,491 | 2,175 | 1,758 | 1,656 | 1,407 | 1,111 | 965 |
Income taxes | ||||||||
3 | 650 | 125 | 909 | 6 | 257 | 0 | 356 | 12 |
Unrealized holding gain (loss) on available for sale securities arising during the period | ||||||||
- | - | - | - | - | - | - | -424 | -1,360 |