XML 25 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flow from operating activities    
Net income $ 2,770 $ 2,986
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 0 1,375
Depreciation 576 528
Deferred Federal Income Tax Expense (Benefit) 0 55
Amortization of CDI 58 65
Earned ESOP shares 132 132
MRDP compensation expense 2 22
Stock option compensation expense 47 24
Gain on sales of OREO and other repossessed assets, net (109) (219)
Provision for OREO losses 375 619
Gain on sale of premises and equipment 0 (8)
BOLI net earnings (258) (287)
Gain on sales of loans, net (474) (1,475)
Decrease in deferred loan origination fees (3) (243)
Net OTTI (recoveries) on MBS and other investments (87) 35
Gain (Loss) on Sale of Other Investments 32 0
Valuation recovery on MSRs 0 (475)
Loans originated for sale (14,420) (53,957)
Proceeds from sales of loans 15,473 53,072
Decrease in other assets, net 184 566
Increase (decrease) in other liabilities and accrued expenses, net 320 (398)
Net cash provided by operating activities 4,618 2,417
Cash flows from investing activities    
Net increase in CDs held for investment (1,343) (2,567)
Proceeds from maturities and prepayments of MBS and other investments available for sale 212 447
Proceeds from maturities and prepayments of MBS and other investments held to maturity 279 317
Redemption of FHLB stock 101 102
Increase in loans receivable, net (11,880) (10,861)
Additions to premises and equipment (597) (768)
Proceeds from sale of premises and equipment 0 8
Proceeds from sale of OREO and other repossessed assets 2,962 1,653
Net cash used in investing activities (12,413) (11,669)
Cash flows from financing activities    
Increase (decrease) in deposits, net (3,888) 3,659
Decrease in repurchase agreements, net 0 (306)
ESOP tax effect 28 (6)
Proceeds from Stock Options Exercised 16 0
Redemption of preferred stock (12,065) (4,321)
Dividends paid (551) (642)
Net cash used in financing activities (16,460) (1,616)
Net decrease in cash and cash equivalents (24,255) (10,868)
Cash and cash equivalents, at beginning of period 94,496  
Cash and cash equivalents, at end of period 70,241  
Supplemental disclosure of cash flow information    
Income taxes paid 1,135 1,793
Interest paid 2,015 2,356
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 5,166 4,452
Loans originated to facilitate the sale of OREO $ 450 $ 670