| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||
NET INCOME | |||||||||
2,795 | 2,125 | 1,637 | 1,325 | 1,347 | 920 | 1,080 | 1,402 | 1,226 | 372 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||
PROVISION FOR LOAN LOSSES | |||||||||
80 | 50 | 58 | 56 | 70 | -73 | -68 | -104 | -15 | -11 |
Depreciation | |||||||||
47 | 78 | 97 | 98 | 91 | 100 | 90 | 84 | 100 | 103 |
Trading losses | |||||||||
- | - | 31 | 0 | 0 | - | - | - | - | - |
Purchases of trading securities | |||||||||
- | - | 961 | 0 | 0 | - | - | - | - | - |
Sale of trading securities | |||||||||
- | - | - | - | - | - | 337 | 0 | 0 | - |
(Gains) losses on sale of investment securities | |||||||||
- | - | -960 | 0 | 0 | - | - | - | - | - |
Net impairment loss recognized in earnings | |||||||||
28 | 14 | - | - | - | 19 | 12 | 131 | 0 | 194 |
Gain on sale of other real estate owned | |||||||||
- | - | - | - | 5 | 0 | 101 | 0 | 0 | - |
Investment securities gains (losses) | |||||||||
-2 | 2 | - | 31 | 0 | 0 | 46 | 4 | 0 | 1 |
Amortization of discounts, premiums and deferred loan costs, net | |||||||||
-142 | -581 | -1,803 | -2,220 | -756 | -1,582 | -2,861 | -1,106 | -932 | -1,563 |
Amortization of unallocated ESOP shares | |||||||||
200 | 177 | 221 | 52 | 12 | - | - | - | - | - |
Trading security gains | |||||||||
- | - | - | - | - | - | - | - | - | 16 |
Purchase of trading securities | |||||||||
- | - | - | - | - | - | - | - | - | 1,975 |
Proceeds from sale of trading securities | |||||||||
- | - | - | - | - | - | - | - | - | 1,991 |
Deferred income taxes | |||||||||
9 | -65 | 58 | -3 | -9 | -71 | -252 | -251 | -269 | 101 |
Earnings on bank owned life insurance | |||||||||
121 | 126 | 131 | 134 | 140 | 136 | 0 | 0 | - | - |
Decrease in accrued interest receivable | |||||||||
-6 | 19 | -302 | 310 | 560 | -733 | -250 | 432 | -1,241 | 83 |
(Decrease) increase in accrued interest payable | |||||||||
443 | 133 | 58 | 33 | -14 | -40 | -47 | -65 | -515 | -314 |
Increase in deferred director compensation payable | |||||||||
72 | 59 | 29 | -107 | 6 | -13 | -29 | -30 | -368 | 10 |
Increase in cash items in the process of collection | |||||||||
- | -1,230 | 1,230 | 0 | 0 | - | - | - | - | - |
Decrease in prepaid federal deposit insurance | |||||||||
- | - | - | - | - | - | -163 | -293 | -399 | 855 |
Other, net | |||||||||
89 | 208 | 82 | 88 | 76 | 101 | -311 | -684 | 45 | 23 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | 3,264 | - | - | - | - |
Net cash provided by operating activities | |||||||||
3,774 | 4,573 | 2,898 | 3,293 | 1,648 | - | 4,106 | 1,948 | 3,314 | 900 |
INVESTING ACTIVITIES | |||||||||
Available-for-sale: | |||||||||
Purchase of investment securities | |||||||||
42,498 | 64,664 | 99,794 | 72,318 | 54,653 | 0 | 52,876 | 63,416 | 10,416 | 0 |
Proceeds from repayments of mortgage-backed securities | |||||||||
- | - | - | - | - | - | - | - | 2,018 | 42 |
Proceeds from sale of investments | |||||||||
1,364 | 1,257 | - | 6,354 | 0 | 0 | 6,825 | 2,102 | 0 | 501 |
Proceeds from sale of commercial paper investment securities | |||||||||
37,074 | 42,331 | 97,203 | 21,137 | 14,890 | 47,200 | 21,057 | 6,389 | 9,340 | 0 |
Investment securities held to maturity other-than-temporarily impaired: | |||||||||
Purchase of investment securities | |||||||||
- | - | - | 9,358 | 56,249 | 12,783 | 9,994 | 101,666 | 61,189 | 112,021 |
Purchase of mortgage-backed securities | |||||||||
- | - | 21,954 | 6,750 | 21,184 | 98,710 | 135,304 | 57,386 | 17,757 | 15,451 |
Proceeds from repayments of investments | |||||||||
2,180 | 2,483 | 833 | 36,466 | 41,726 | 17,182 | 65,606 | 107,633 | 125,108 | 80,430 |
Proceeds from repayments of mortgage-backed securities | |||||||||
7,649 | 13,599 | 30,207 | 32,191 | 76,219 | 23,109 | 75,989 | 49,456 | 62,941 | 70,935 |
Purchase of bank owned life insurance | |||||||||
- | - | - | - | - | 2,000 | 2,000 | 0 | 0 | - |
Purchase of certificates of deposit | |||||||||
1,842 | 348 | 10,138 | 100 | 100 | 0 | 250 | 947 | 3,817 | 9,755 |
Maturities/redemptions of certificates of deposit | |||||||||
349 | 10,373 | 100 | 100 | 348 | 0 | 497 | 3,766 | 8,747 | 25,855 |
Purchase of loans | |||||||||
11,497 | 11,127 | 13,692 | 22,080 | - | - | - | - | - | - |
Net decrease in net loans receivable | |||||||||
-5,564 | -3,921 | -900 | -3,530 | 16,655 | -1,874 | -7,951 | -10,729 | -6,114 | -1,767 |
Purchase of FHLB stock | |||||||||
8,684 | 6,691 | 7,200 | 7,039 | 12,519 | 8,726 | 998 | 0 | 0 | 0 |
Redemption of FHLB stock | |||||||||
-8,835 | -6,592 | -6,737 | -7,059 | -12,340 | -7,968 | -2,911 | -1,729 | -1,551 | 0 |
Acquisition of premises and equipment | |||||||||
1 | 16 | 9 | 11 | 106 | 101 | 121 | 79 | 9 | 90 |
Sale of other real estate owned | |||||||||
- | - | - | - | 254 | 0 | 225 | 0 | 0 | - |
Other | |||||||||
- | - | - | - | 2 | 0 | 5 | 0 | - | - |
Net cash used for investing activities | |||||||||
- | - | - | - | - | -24,987 | - | - | - | - |
Capital improvements to other real estate owned | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Net cash used for investing activities | |||||||||
-1,507 | -2,290 | -16,807 | -10,819 | -15,691 | - | -20,150 | -41,690 | 122,631 | 42,213 |
FINANCING ACTIVITIES | |||||||||
Net increase (decrease) in deposits | |||||||||
1,412 | -266 | 4,011 | 2,350 | -3,038 | 1,335 | -1,649 | -1,593 | -58,156 | 55,607 |
Repayments of Federal Home Loan Bank long-term advances | |||||||||
- | 16,109 | - | 101,696 | 0 | 5,000 | 0 | 0 | 87,000 | 20,579 |
Proceeds from Federal Home Loan Bank long-term advances | |||||||||
100,000 | - | - | - | 6,109 | 99,196 | 0 | -5,000 | - | - |
Net decrease in FHLB short-term advances | |||||||||
100,575 | -15,604 | -11,772 | -106,197 | -14,204 | 73,086 | -17,442 | -47,211 | -32,059 | 0 |
Increase in unallocated ESOP shares | |||||||||
- | 32 | 1,104 | 47 | 504 | 950 | - | - | - | - |
Net (decrease) increase in Federal Reserve Bank short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | - | -108,800 |
Net increase in other short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | -12,510 | 12,510 |
Purchase of treasury stock | |||||||||
- | - | - | - | - | - | - | - | - | 159 |
Purchase of treasury stock | |||||||||
383 | 622 | 359 | 19 | 186 | 10 | 0 | 0 | - | - |
Increase in unallocated ESOP shares | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Release of ESOP shares | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Cash dividends paid | |||||||||
783 | 689 | 482 | 489 | 329 | 329 | 328 | 330 | 576 | 1,322 |
Net cash provided by financing activities | |||||||||
- | - | - | - | - | 21,156 | - | - | - | - |
Net cash provided by financing activities | |||||||||
-329 | -2,114 | 13,838 | 6,296 | 16,256 | - | 15,465 | 40,288 | -126,183 | -62,743 |
(Decrease) increase in cash and cash equivalents | |||||||||
1,938 | 169 | -71 | -1,230 | 2,213 | -567 | -579 | 546 | -238 | -19,630 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||||||
Cash paid during the period for: | |||||||||
Interest on deposits and borrowings | |||||||||
4,429 | 2,991 | 1,796 | 1,398 | 1,169 | - | - | - | - | - |
Interest on deposits and borrowings | |||||||||
- | - | - | - | - | 1,397 | 1,454 | 1,609 | 4,735 | 8,795 |
Income taxes | |||||||||
970 | 1,003 | 884 | 808 | 668 | 453 | 578 | 782 | 212 | 69 |
Non-cash items: | |||||||||
Bonds received from issuer exchange offer | |||||||||
- | - | - | 1,002 | 0 | 0 | - | - | - | - |
Due to Federal Reserve Bank | |||||||||
- | - | - | - | - | - | - | - | 733 | 1,130 |
Mortgage loans transferred to other real estate owned | |||||||||
- | - | - | - | 246 | 0 | 0 | 182 | 235 | 0 |
Educational Improvement Tax Credit | |||||||||
45 | 50 | 80 | 0 | 33 | 47 | 107 | 98 | 0 | 32 |
Neighborhood Assistance Act Tax Credit | |||||||||
- | - | - | - | - | - | - | 1 | 0 | 0 |
Loan to facilitate sale of real estate owned | |||||||||
- | - | - | - | - | - | - | 364 | 0 | 0 |
Unfunded security commitments | |||||||||
- | - | - | - | 1,969 | 0 | 0 | 2,782 | 0 | 0 |
Capitalization of interest on loan to ESOP | |||||||||
- | - | - | - | 32 | 0 | - | - | - | - |