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 Q2 YTD 9/30/2017 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 Q2 YTD 9/30/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 19,423 4,491 6,358 7,404 5,713

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

Depreciation and amortization 1,898 3,283 3,294 3,436 1,320
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 1,122
Expense related to ESOP 68 102 110 143 93
Increase in deferred loan origination fees, net of amortization 102 190 585 543 144
Origination of loans held for sale (24,413) (17,991) (15,768) (21,032) (12,166)
Proceeds from sales of loans held for sale 24,718 18,673 16,398 21,477 12,567
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) (382)
Income from BOLI (553) (716) (770) (760) (411)
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) (486)
Accrued interest receivable (89) (303) (245) (291) (170)
Accrued expenses and other liabilities 2,637 (2,424) (718) 5,538 (2,219)
Net cash provided by operating activities 6,531 5,562 11,078 18,308 5,125

CASH FLOWS FROM INVESTING ACTIVITIES

Loan repayments (originations), net 24,044 (24,270) (30,686) (37,352) 13,982
Purchases of loans receivable (22,082) (22,864) (15,618) (5,746) (18,122)
Principal repayments on investment securities available for sale 3,516 18,553 21,860 29,782 13,855
Purchases of investment securities available for sale (101,514) (52,199) (60,679) (92,418) (14,024)
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 18
Redemption of certificates of deposit held for investment 7,710 10,956 9,200 5,727 1,245
(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
Purchases of premises and equipment and capitalized software (835) (464) (366) (598) (133)
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) (3,179)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in deposits 26,260 30,784 58,953 69,470 10,324
Purchase of subsidiary shares from noncontrolling interest (612) 0 (1,502) 0 NA
Dividends paid 0 0 (1,261) (1,799) (956)
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) (11)
Net increase in advance payments by borrowers (558) 28 114 84 227
Proceeds from exercise of stock options 0 48 62 11 102
Net cash provided by financing activities 25,011 30,775 56,324 67,745 9,686
NET INCREASE IN CASH AND CASH EQUIVALENTS (46,838) (9,918) (3,259) 9,213 11,632
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 76,245

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during the period for

Interest 1,974 5,457 1,570 1,655 1,102
Income taxes 31 15 239 285 2,170

NONCASH INVESTING AND FINANCING ACTIVITIES

Dividends declared and accrued in other liabilities 0 253 452 450 508
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 income 555 2,133 524 (4,295) 905
Income tax effect related to other comprehensive income (189) (724) (203) 1,525 (321)

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.