Stewardship financial corp (SSFN)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

8,030

3,947

4,736

4,200

3,085

2,470

520

684

1,233

Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization of premises and equipment

475

399

380

392

420

428

532

594

775

Amortization of premiums and accretion of discounts, net

-465

-533

-640

-670

-943

-1,299

-1,628

-1,372

1,094

Compensation expense on restricted stock, net of forfeitures

201

62

-

-

-

-

-

-

-

Amortization of restricted stock

-

-

122

92

69

0

-

-

-

Amortization of subordinated debenture issuance costs

65

65

66

21

0

-

-

-

-

Accretion of deferred loan fees

-147

-145

-118

-102

-42

-44

-49

16

-112

Fair value adjustment for equity security

80

0

-

-

-

-

-

-

-

Fair value adjustment for equity security

80

0

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-1,375

-50

-

-

-

-

Provision for loan losses

-1,615

655

-1,350

-

-

3,775

9,995

10,845

9,575

Originations of mortgage loans held-for-sale

4,666

10,316

12,307

10,764

4,608

39,815

61,431

85,615

-58,713

Proceeds from sale of mortgage loans

5,106

10,897

13,220

9,383

4,680

41,248

66,245

91,931

50,226

Proceeds from sale of loans

-

-

-

-

2,559

3,089

0

-

-

Gain (Loss) on Sale of Mortgage Loans

70

178

164

141

72

649

887

1,209

671

Gains (Losses) On Sale Of Small Business Administration Loans

193

0

-

-

-

-

-

-

-

Debt and Equity Securities, Gain (Loss)

-186

1

-

-

-

-

-

-

-

Loss on sale of loans

-

-

-

-

-241

-372

0

-

-

Gain on calls and sales of securities

-

-

63

169

165

153

2,340

1,161

1,081

Gain on sale of other real estate owned

0

13

36

83

63

326

429

10

40

Deferred income tax expense (benefit)

-3

1,419

722

517

626

370

115

-1,850

-851

Excess tax benefit from restricted stock vesting

0

-48

0

-

-

-

-

-

-

Decrease in accrued interest receivable

130

433

166

-27

-72

-306

-246

-188

361

Decrease in accrued interest payable

-10

322

3

483

-93

-159

-215

-202

-216

Bank Owned Life Insurance Income

552

526

447

403

405

351

325

325

331

Gain on life insurance proceeds

-

-

-

-

-

537

0

-

-

Stock option expense

-

-

-

-

-

-

-

19

51

(Increase) decrease in other assets

155

-686

-6

-395

-300

-2,047

-950

442

-322

Decrease in other liabilities

335

819

424

-2,146

1,808

704

-1,870

1,266

-523

Net cash provided by operating activities

7,536

8,530

5,904

1,201

-

14,162

12,783

16,069

535

Net cash provided by (used in) operating activities

-

-

-

-

9,389

-

-

-

-

Cash flows from investing activities:
Purchase of securities available-for-sale

17,160

29,201

-

-

-

-

-

-

-

Purchase of securities available-for-sale

-

-

44,228

13,404

6,319

48,539

134,832

97,018

121,488

Proceeds from maturities and principal repayments on securities available-for-sale

15,212

14,096

14,707

12,458

18,247

27,768

27,964

21,148

19,990

Proceeds from sales and calls on securities available-for-sale

1,007

500

-

-

-

-

-

-

-

Proceeds from sales and calls on securities available-for-sale

-

-

22,853

31,845

11,155

18,823

102,300

46,245

65,676

Purchase of securities held-to-maturity

15,828

8,173

35,448

22,944

12,940

0

-

-

5,566

Proceeds from maturities and principal repayments on securities held-to-maturity

5,614

6,665

11,944

9,144

7,824

2,491

4,147

4,938

6,433

Proceeds from calls on securities held-to-maturity

280

1,320

31,955

8,250

0

1,170

4,418

1,895

21,135

Purchase of equity securities

41

0

-

-

-

-

-

-

-

Proceeds from sales of equity securities

2,037

0

-

-

-

-

-

-

-

Purchase of FHLB-NY stock

6,671

11,650

2,180

1,522

-

-

-

-

-

Redemption of FHLB-NY stock

6,421

11,450

1,273

2,691

-

-

-

-

-

Redemption of FHLB-NY stock

-

-

-

-

1,644

-80

-265

-

-

Sale of FHLB-NY stock

-

-

-

-

-

-

-

19

730

Net increase in loans

21,182

107,409

77,568

49,464

45,869

4,859

-2,106

17,453

1,244

Proceeds from sale of other real estate owned

0

414

896

1,458

1,608

1,253

7,292

366

1,000

Purchase of bank owned life insurance

0

4,000

2,000

0

-

3,000

0

-

-

Life insurance proceeds

-

-

-

-

-

1,055

0

-

-

Additions to premises and equipment

573

742

147

614

1,258

522

76

300

309

Net cash used in investing activities

-30,884

-126,730

-77,943

-22,102

-

-4,280

13,584

-40,160

-13,643

Net cash provided by (used in) investing activities

-

-

-

-

-29,196

-

-

-

-

Cash flows from financing activities:
Net increase in noninterest-bearing deposits

1,856

3,555

21,478

11,107

3,156

9,279

8,510

16,053

11,296

Net increase (decrease) in interest-bearing deposits

16,136

101,614

32,699

37,170

-24,271

-21,942

-11,808

1,896

34,377

Net increase in long term borrowings

10,000

25,000

18,000

0

15,000

0

-

-

-

Repayment of long term borrowings

20,760

15,000

10,000

0

-

-

-

18,000

0

Net decrease in securities sold under agreements to repurchase

-

-

-

-

-7,300

-43

-6,999

-300

-754

Net increase (decrease) in short-term borrowings

12,700

-5,440

11,200

-26,700

26,700

0

-7,700

4,700

-18,600

Proceeds from issuance of Subordinated Notes

-

-

-

15,948

0

-

-

-

-

Payment of discount on dividend reinvestment plan

-

-

-

-

-

-2

-8

-15

-29

Repurchase of treasury stock for stock options

-

-

-

-

-

-

-

-

43

Exercise of stock options

-

-

-

-

-

-

-

-

55

Proceeds from issuance of common stock, net of costs

0

18,860

0

142

188

86

194

182

54

Cash dividends paid on common stock

1,040

961

672

486

300

238

886

1,171

1,636

Cash dividends paid on preferred stock

-

-

-

456

683

633

352

383

500

Proceeds from long term borrowings

-

-

-

-

-

-

-

10,000

-

Proceeds from long term borrowings

-

-

-

-

-

-

-

-

0

Proceeds from issuance of preferred stock, net of issuance costs

-

-

-

-

-

-

-

14,952

0

Redemption of SBLF

-

-

-

15,000

0

-

-

10,108

0

Payment of discount on dividend reinvestment plan

4

5

4

3

2

-

-

-

-

Taxes paid related to net share settlement of restricted stock

104

0

-

-

-

-

-

-

-

Issuance of common stock for cash

117

167

103

-

-

-

-

-

-

Excess tax benefit from restricted stock vesting

-

-

5

3

0

-

-

-

-

Net cash provided by financing activities

18,901

127,790

72,809

21,725

-

-13,493

-19,049

17,806

24,220

Net cash provided by financing activities

-

-

-

-

12,488

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-4,447

9,590

770

824

-7,319

-3,611

7,318

-6,285

11,112

Supplemental disclosures of cash flow information:
Cash paid during the period for interest

7,846

5,536

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

4,510

3,342

3,300

3,972

5,390

7,165

8,994

Cash paid during the period for income taxes

3,928

2,322

1,589

2,301

358

275

1,316

1,880

2,277

Transfers from loans to loans held for sale

-

-

-

-

-

6,261

0

-

-

Reclassification of securities available-for-sale to held-to-maturity

-

-

-

-

24,022

0

-

-

-

Transfers from loans to other real estate owned

-

-

404

880

2,440

349

2,821

5,067

-

Transfer of loans receivable to other real estate owned

-

-

-

-

-

-

-

-

1,655