| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
Net income | |||||||||
17,266 | 10,242 | 7,404 | 6,358 | 4,491 | 19,423 | 2,633 | -31,657 | 4,315 | -5,444 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
2,718 | 2,917 | 2,746 | 2,597 | 3,283 | -1,898 | -1,877 | -2,013 | 1,927 | 2,225 |
Purchased loans amortization (accretion), net | |||||||||
-147 | -277 | 441 | 697 | - | - | - | - | - | - |
Mortgage servicing rights valuation adjustment | |||||||||
- | - | - | - | - | - | - | -1 | - | - |
Mortgage servicing rights valuation adjustment | |||||||||
- | - | - | - | - | - | - | - | -1 | 2 |
Provision for loan losses | |||||||||
50 | - | - | -1,150 | -1,800 | 3,700 | -900 | -29,350 | 5,075 | 15,900 |
Provision (benefit) for deferred income taxes | |||||||||
11 | -3,668 | -3,103 | -3,175 | -2,140 | -15,100 | - | 8,536 | - | - |
Provision for deferred income taxes | |||||||||
- | - | - | - | - | - | - | - | 1,841 | -3,295 |
Expense related to ESOP | |||||||||
- | 148 | 143 | 110 | 102 | -68 | -42 | -62 | 64 | 73 |
Stock-based compensation expense | |||||||||
44 | 88 | - | - | 26 | - | - | - | - | - |
Increase in deferred loan origination fees, net of amortization | |||||||||
-498 | -498 | -543 | -585 | -190 | 102 | -333 | -76 | 57 | -31 |
Origination of loans held for sale | |||||||||
11,105 | 20,502 | 21,032 | 15,768 | 17,991 | -24,413 | -29,121 | -5,916 | -12,166 | -29,514 |
Proceeds from sales of loans held for sale | |||||||||
10,579 | 21,204 | 21,477 | 16,398 | 18,673 | -24,718 | -29,484 | -5,682 | 12,402 | 30,851 |
Writedown of REO | |||||||||
- | - | 30 | - | - | - | - | - | - | - |
Stock based compensation expense | |||||||||
- | - | - | - | - | -78 | -2 | -12 | 77 | 112 |
Writedown of REO | |||||||||
- | - | - | 369 | 715 | 2,056 | 4,974 | 4,238 | 924 | 4,794 |
Loss on impairment of investment security | |||||||||
- | - | 240 | - | - | - | - | - | - | - |
Loss on impairment of security | |||||||||
- | - | - | - | - | - | - | - | - | 1,003 |
Net gains on sales of loans held for sale, sales of investment securities available for sale and sales of premises and equipment | |||||||||
682 | 725 | 731 | 321 | 663 | -640 | -1,056 | 400 | -775 | -6 |
Income from BOLI | |||||||||
734 | 819 | 760 | 770 | 716 | 553 | -585 | -601 | - | -603 |
BOLI death benefit in excess of cash surrender value | |||||||||
- | - | 423 | - | - | - | - | - | - | - |
Changes in certain other assets and liabilities: | |||||||||
Income from bank owned life insurance | |||||||||
- | - | - | - | - | - | - | - | 601 | - |
Prepaid expenses and other assets | |||||||||
868 | 212 | 369 | 239 | 161 | 46 | 2,963 | -627 | 1,904 | -5,567 |
Accrued interest receivable | |||||||||
442 | 536 | 291 | 245 | 303 | -89 | 411 | 365 | 326 | 205 |
Accrued expenses and other liabilities | |||||||||
2,988 | -3,755 | 5,538 | -718 | -2,424 | -2,637 | 1,189 | 222 | 2,763 | -831 |
Net cash provided by operating activities | |||||||||
20,154 | 11,939 | 18,059 | 11,078 | 5,562 | 6,531 | 11,002 | 12,002 | 18,132 | 9,874 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
Loan repayments (originations), net | |||||||||
34,427 | -11,156 | 37,103 | 30,686 | 24,270 | -24,044 | -102,784 | 26,482 | 15,213 | 41,729 |
Purchases of loans receivable | |||||||||
29,929 | 43,016 | 5,746 | 15,618 | 22,864 | 22,082 | - | - | - | - |
Principal repayments on investment securities available for sale | |||||||||
26,519 | 28,569 | 29,782 | 21,860 | 18,553 | 3,516 | 357 | 392 | 203 | 375 |
Principal repayments on mortgage-backed securities available for sale | |||||||||
- | - | - | - | - | - | 524 | - | - | - |
Principal repayments on mortgage-backed securities available for sale | |||||||||
- | - | - | - | - | - | - | - | 1,017 | 1,244 |
Principal repayments on mortgage-backed securities held to maturity | |||||||||
- | - | - | - | - | - | 46 | 19 | 69 | 311 |
Purchases of investment securities available for sale | |||||||||
- | 47,494 | 92,418 | 60,679 | 52,199 | 101,514 | 5,000 | 5,000 | -10,000 | -4,988 |
Proceeds from sale of loans held for investment | |||||||||
- | - | - | - | - | - | 31,394 | - | - | - |
Proceeds from calls, maturities and sales of investment securities available for sale | |||||||||
10,000 | 950 | 7,261 | - | 24,205 | 3,000 | 5,000 | 5,000 | 9,990 | 6,150 |
Principal repayments on investment securities held to maturity | |||||||||
7 | 22 | 11 | 11 | 15 | 24 | 493 | 13 | 11 | 12 |
Proceeds from sale of mortgage-backed securities available for sale | |||||||||
- | - | - | - | - | - | 0 | 789 | - | - |
Purchases of premises and equipment and capitalized software | |||||||||
1,046 | 753 | 598 | 366 | 464 | 835 | 2,141 | 2,578 | -1,310 | -475 |
Redemption of certificates of deposit held for investment | |||||||||
5,220 | 5,075 | 5,727 | 9,200 | 10,956 | - | - | - | - | - |
Redemption of certificates of deposit held for investment, net | |||||||||
- | - | - | - | - | -7,710 | 3,162 | 26,573 | -14,900 | - |
Purchases of FHLB stock, net | |||||||||
2,291 | 172 | 121 | -4,864 | -820 | -410 | -196 | - | - | - |
Cash acquired, net of cash consideration paid in business combination | |||||||||
- | - | 15,116 | - | - | - | - | - | - | - |
Purchase of BOLI | |||||||||
- | - | - | - | 6,500 | - | - | - | - | - |
Proceeds from death benefit on BOLI | |||||||||
- | - | -1,236 | - | - | - | - | - | - | - |
Capital expenditures on real estate owned | |||||||||
- | - | - | - | - | - | 72 | 207 | -49 | -47 |
Proceeds from sales of real estate owned ("REO") and premises and equipment | |||||||||
976 | 81 | 262 | 753 | 5,493 | 7,347 | 8,098 | 9,275 | 5,328 | 12,044 |
Net cash provided by (used in) investing activities | |||||||||
-24,971 | -45,582 | -76,591 | -70,661 | -46,255 | -78,380 | 138,517 | -45,352 | 5,572 | 56,355 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
Net increase (decrease) in deposits | |||||||||
-70,568 | 15,771 | 69,470 | 58,953 | 30,784 | 26,260 | -80,649 | 27,925 | - | - |
Purchase of subsidiary shares from noncontrolling interest | |||||||||
- | - | - | 1,502 | - | 612 | - | - | - | - |
Dividends paid | |||||||||
3,163 | 2,140 | 1,799 | 1,261 | - | - | - | - | - | - |
Net change in deposit accounts | |||||||||
- | - | - | - | - | - | - | - | 28,482 | 17,982 |
Proceeds from issuance of common stock, net | |||||||||
- | - | - | - | - | - | - | - | 18,769 | - |
Proceeds from borrowings | |||||||||
326,956 | 55,980 | 23,200 | 4,100 | 25,450 | 3,000 | 9,000 | 5,000 | 124,450 | 922,600 |
Repayment of borrowings | |||||||||
270,370 | 55,980 | 23,200 | 4,100 | 25,450 | 3,000 | 9,000 | 5,000 | -157,450 | -1,012,450 |
Net decrease in advance payments by borrowers for taxes and insurance | |||||||||
-6 | -56 | 84 | 114 | 28 | -558 | 225 | 120 | - | - |
Principal payments on finance lease liability | |||||||||
28 | 23 | 21 | 42 | 85 | 79 | 73 | 54 | -43 | -40 |
Proceeds from exercise of stock options | |||||||||
179 | 245 | 11 | 62 | 48 | - | - | - | - | - |
Net increase (decrease) in advance payments by borrowers | |||||||||
- | - | - | - | - | - | - | - | 253 | - |
Net cash provided by (used in) financing activities | |||||||||
-17,000 | 13,797 | 67,745 | 56,324 | 30,775 | 25,011 | -80,497 | 27,991 | 14,461 | -71,841 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
-21,817 | -19,846 | 9,213 | -3,259 | -9,918 | -46,838 | 69,022 | -5,359 | 38,165 | -5,612 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
2,686 | 2,176 | 1,655 | - | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | 1,570 | 5,457 | 1,974 | 2,689 | 4,400 | 6,688 | 11,343 |
Income taxes | |||||||||
6,877 | 3,280 | 285 | 239 | 15 | 31 | 4 | 830 | 387 | 1,320 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
Dividends declared and accrued in other liabilities | |||||||||
904 | 677 | 450 | 452 | - | - | - | - | - | - |
Transfer of loans to REO | |||||||||
- | - | - | 298 | 1,512 | 6,331 | 14,075 | 6,843 | 22,772 | 19,597 |
Transfer of real estate owned to loans | |||||||||
- | - | - | - | 1,333 | 4,946 | 3,859 | - | - | - |
Adjustment to capital lease obligation and premises and equipment due to lease modification | |||||||||
- | - | - | 241 | - | - | - | - | - | - |
Other comprehensive income | |||||||||
2,751 | -3,590 | -4,295 | 524 | 2,133 | - | - | - | - | - |
Unrealized holding loss from investment securities available for sale | |||||||||
- | - | - | - | - | 555 | 239 | - | - | - |
Transfer of real estate owned to loans | |||||||||
- | - | - | - | - | - | - | 1,859 | - | 3,512 |
Fair value adjustment to securities available for sale | |||||||||
- | - | - | - | - | - | - | 372 | - | 857 |
Transfer of real estate owned to loans | |||||||||
- | - | - | - | - | - | - | - | 2,724 | - |
Income tax effect related to other comprehensive income | |||||||||
-629 | 871 | 1,525 | -203 | -724 | -189 | -81 | -126 | 109 | -327 |
Fair value of assets acquired | |||||||||
- | - | 145,386 | - | - | - | - | - | - | - |
Fair value of liabilities assumed | |||||||||
- | - | 134,810 | - | - | - | - | - | - | - |
Capitalized software acquired under a service agreement | |||||||||
- | - | - | - | - | - | - | - | - | 19 |
Sale-leaseback of building | |||||||||
- | - | - | - | - | - | - | - | - | 2,000 |