XML 19 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 4,908 $ 3,178
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 673 669
Amortization of core deposit intangible (CDI) 0 3
Earned ESOP shares 133 132
Stock option compensation expense 75 56
Stock option tax effect less excess tax benefit 5 1
Gain on sales of OREO and other repossessed assets, net (13) (127)
Provision for OREO losses 301 405
Loss on sales/dispositions of premises and equipment, net 3 0
BOLI net earnings (273) (268)
Gain on sales of loans, net (787) (584)
Increase (decrease) in deferred loan origination fees (145) 147
Net OTTI on investment securities 23 1
Gain on sale of investment securities available for sale, net 0 (45)
Amortization of MSRs 295 40
Loans originated for sale (24,305) (21,696)
Proceeds from sales of loans 26,559 20,927
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (514) 524
Net cash provided by operating activities 6,938 3,363
Cash flows from investing activities    
Net increase in CDs held for investment (3,913) (6,023)
Proceeds from sale of investment securities available for sale 0 1,220
Proceeds from maturities and prepayments of investment securities available for sale 27 159
Proceeds from maturities and prepayments of investment securities held to maturity 238 243
Purchase of FHLB stock (105) 0
Redemption of FHLB stock 0 111
Increase in loans receivable, net (18,505) (17,955)
Additions to premises and equipment (177) (412)
Capitalized improvements to OREO (142) 0
Proceeds from sales of OREO and other repossessed assets 2,326 1,589
Net cash used in investing activities (20,251) (21,068)
Cash flows from financing activities    
Net increase in deposits 33,126 28,157
ESOP tax effect (55) (36)
Proceeds from exercise of stock options 86 24
Stock option excess tax benefit 4 1
Issuance of common stock 0 1
Repurchase of common stock (820) 0
Payment of dividends (1,398) (775)
Net cash provided by financing activities 31,053 27,444
Net increase in cash and cash equivalents 17,740 9,739
Cash and cash equivalents, at beginning of period 92,289 [1] 72,354
Cash and cash equivalents, at end of period 110,029  
Supplemental disclosure of cash flow information    
Income taxes paid 2,280 1,560
Interest paid 1,938 1,937
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 76 641
Other comprehensive loss related to investment securities $ 27 $ (8)
[1] Derived from audited consolidated financial statements.