As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 3/31/2016 USD 2015 Y 3/31/2017 USD 2016 Y 3/31/2017 USD 2017 Y 3/31/2017 USD 2018 Q3 YTD 12/31/2017 USD
Source Document Currency Code 2014 Y 3/31/2016 USD 2015 Y 3/31/2017 USD 2016 Y 3/31/2017 USD 2017 Y 3/31/2017 USD 2018 Q3 YTD 12/31/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 19,423 4,491 6,358 7,404 7,233

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 1,898 3,283 3,294 3,436 2,207
Recapture of loan losses (3,700) (1,800) (1,150) 0 NA
Purchased loans amortization (accretion), net NA NA NA NA (209)
Provision for deferred income taxes (15,100) 2,140 3,175 3,103 3,796
Expense related to ESOP 68 102 110 143 148
Increase in deferred loan origination fees, net of amortization 102 190 585 543 238
Origination of loans held for sale (24,413) (17,991) (15,768) (21,032) (16,631)
Proceeds from sales of loans held for sale 24,718 18,673 16,398 21,477 17,120
Stock-based compensation expense 78 26 0 0 NA
Writedown of REO 2,056 715 369 30 0
Loss on impairment of investment security NA 0 0 240 0
Net gains on loans held for sale, sales and transfer of REO, sales of investment securities and sales of premises and equipment (640) (663) (321) (731) (603)
Income from BOLI (553) (716) (770) (760) (618)
BOLI death benefit in excess of cash surrender value NA 0 0 (423) NA
Changes in certain other assets and liabilities
Prepaid expenses and other assets 46 (161) (239) (369) (1,151)
Accrued interest receivable (89) (303) (245) (291) (523)
Accrued expenses and other liabilities 2,637 (2,424) (718) 5,538 (4,070)
Net cash provided by operating activities 6,531 5,562 11,078 18,308 6,937

CASH FLOWS FROM INVESTING ACTIVITIES

Loan repayments (originations), net 24,044 (24,270) (30,686) (37,352) 13,510
Purchases of loans receivable (22,082) (22,864) (15,618) (5,746) (31,046)
Principal repayments on investment securities available for sale 3,516 18,553 21,860 29,782 21,236
Purchases of investment securities available for sale (101,514) (52,199) (60,679) (92,418) (47,493)
Proceeds from calls, maturities, and sales of investment securities available for sale 3,000 24,205 0 7,261 0
Principal repayments on investment securities held to maturity 24 15 11 11 20
Redemption of certificates of deposit held for investment 7,710 10,956 9,200 5,727 4,079
Proceeds from death benefit on BOLI NA 0 0 1,236 0
Purchase of FHLB stock 410 820 4,864 (121) (42)
Cash acquired, net of cash consideration paid in business combination NA 0 0 15,116 NA
Purchase of BOLI 0 (6,500) 0 0 NA
Purchases of premises and equipment and capitalized software (835) (464) (366) (598) (364)
Proceeds from sales of REO and premises and equipment 7,347 5,493 753 262 81
Net cash used in investing activities (78,380) (46,255) (70,661) (76,840) (40,019)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase (decrease) in deposits 26,260 30,784 58,953 69,470 (7,729)
Purchase of subsidiary shares from noncontrolling interest (612) 0 (1,502) 0 NA
Dividends paid 0 0 (1,261) (1,799) (1,462)
Proceeds from borrowings 3,000 25,450 4,100 23,200 19,675
Repayment of borrowings (3,000) (25,450) (4,100) (23,200) (18,625)
Principal payments on capital lease obligation (79) (85) (42) (21) (17)
Net decrease in advance payments by borrowers (558) 28 114 84 (433)
Proceeds from exercise of stock options 0 48 62 11 165
Net cash provided by (used in) financing activities 25,011 30,775 56,324 67,745 (8,426)
NET DECREASE IN CASH AND CASH EQUIVALENTS (46,838) (9,918) (3,259) 9,213 (41,508)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 115,415 68,577 58,659 55,400 64,613
CASH AND CASH EQUIVALENTS, END OF PERIOD 68,577 58,659 55,400 64,613 23,105

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during the period for

Interest 1,974 5,457 1,570 1,655 1,640
Income taxes 31 15 239 285 3,279

NONCASH INVESTING AND FINANCING ACTIVITIES

Dividends declared and accrued in other liabilities 0 253 452 450 678
Transfer of loans to real estate owned 6,331 1,512 298 0 NA
Transfer of real estate owned to loans 4,946 1,333 0 0 NA
Adjustment to capital lease obligations and premises and equipment due to lease modification 0 0 241 0 NA
Other comprehensive loss 555 2,133 524 (4,295) (491)
Income tax effect related to other comprehensive loss (189) (724) (203) 1,525 174

Business combinations

Fair value of assets acquired NA 0 0 (145,386) NA
Fair value of liabilities assumed NA 0 0 134,810 NA
Transfer of investment security to other assets NA NA NA NA 0
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.