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 Q1 YTD 6/30/2017 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 Q1 YTD 6/30/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 19,423 4,491 6,358 7,404 2,654

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

Depreciation and amortization 1,898 3,283 3,294 3,436 883
Recapture of loan losses (3,700) (1,800) (1,150) 0 NA
Provision for deferred income taxes (15,100) 2,140 3,175 3,103 1,342
Expense related to ESOP 68 102 110 143 43
Increase in deferred loan origination fees, net of amortization 102 190 585 543 2,955
Origination of loans held for sale (24,413) (17,991) (15,768) (21,032) (7,368)
Proceeds from sales of loans held for sale 24,718 18,673 16,398 21,477 7,239
Stock-based compensation expense 78 26 0 0 NA
Writedown of real estate owned 2,056 715 369 30 NA
Loss on impairment of investment security NA 0 0 240 NA
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) (225)
Income from BOLI (553) (716) (770) (760) (207)
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) (137)
Accrued interest receivable (89) (303) (245) (291) (145)
Accrued expenses and other liabilities 2,637 (2,424) (718) 5,538 (4,794)
Net cash provided by operating activities 6,531 5,562 11,078 18,308 2,240

CASH FLOWS FROM INVESTING ACTIVITIES

Loan originations, net 24,044 (24,270) (30,686) (37,352) (6,315)
Purchases of loans receivable (22,082) (22,864) (15,618) (5,746) (14,789)
Principal repayments on investment securities available for sale 3,516 18,553 21,860 29,782 6,498
Purchases of investment securities available for sale (101,514) (52,199) (60,679) (92,418) (11,030)
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 10
Purchases of premises and equipment and capitalized software (835) (464) (366) (598) (107)
Redemption of certificates of deposit held for investment, net 7,710 10,956 9,200 5,727 0
(Purchase) redemption of Federal Home Loan Bank stock, net 410 820 4,864 (121) NA
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
Proceeds from death benefit on BOLI NA 0 0 1,236 NA
Proceeds from sales of REO and premises and equipment 7,347 5,493 753 262 0
Net cash used in investing activities (78,380) (46,255) (70,661) (76,840) (25,733)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase (decrease) in deposits 26,260 30,784 58,953 69,470 (6,530)
Purchase of subsidiary shares from noncontrolling interest (612) 0 (1,502) 0 NA
Dividends paid 0 0 (1,261) (1,799) (450)
Proceeds from borrowings 3,000 25,450 4,100 23,200 17,925
Repayment of borrowings (3,000) (25,450) (4,100) (23,200) (17,925)
Principal payments on capital lease obligation (79) (85) (42) (21) (5)
Net decrease in advance payments by borrowers (558) 28 114 84 (97)
Proceeds from exercise of stock options 0 48 62 11 70
Net cash provided by (used in) financing activities 25,011 30,775 56,324 67,745 (7,012)
NET DECREASE IN CASH AND CASH EQUIVALENTS (46,838) (9,918) (3,259) 9,213 (30,505)
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 34,108

SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

Cash paid during the period for

Interest 1,974 5,457 1,570 1,655 553
Income taxes 31 15 239 285 1

NONCASH INVESTING AND FINANCING ACTIVITIES

Dividends declared and accrued in other liabilities 0 253 452 450 507
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
Unrealized holding gain from investment securities available for sale 555 2,133 524 (4,295) 610
Income tax effect related to unrealized holding gain from investment securities available for sale (189) (724) (203) 1,525 (217)

Business combinations

Fair value of assets acquired NA 0 0 (145,386) NA
Fair value of liabilities assumed NA 0 0 134,810 NA
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.