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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities    
Net income $ 3,147 $ 2,528
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 313 340
Earned ESOP shares 66 67
Stock option compensation expense 40 37
Stock option tax effect less excess tax benefit 8 2
Loss (gain) on sales of OREO and other repossessed assets, net (3) 3
Provision for OREO losses 9 160
Loss on sales/dispositions of premises and equipment, net 0 3
BOLI net earnings (137) (136)
Gain on sales of loans, net (689) (394)
Decrease in deferred loan origination fees (45) (10)
Amortization of MSRs 125 154
Loans originated for sale (21,914) (10,475)
Proceeds from sales of loans 24,199 12,616
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses 760 750
Net cash provided by operating activities 5,879 5,645
Cash flows from investing activities    
Net increase in CDs held for investment (432) (2,254)
Proceeds from maturities and prepayments of investment securities held to maturity 14 13
Proceeds from maturities and prepayments of investment securities available for sale 136 124
Increase in loans receivable, net (5,994) (20,253)
Additions to premises and equipment (1,970) (78)
Capitalized improvements to OREO 0 (142)
Proceeds from sales of OREO and other repossessed assets 902 166
Net cash used in investing activities (7,344) (22,424)
Cash flows from financing activities    
Net increase in deposits 28,441 18,858
ESOP tax effect 62 26
Proceeds from exercise of stock options 80 42
Stock option excess tax benefit 37 2
Payment of dividends (626) (838)
Net cash provided by financing activities 27,994 18,090
Net increase in cash and cash equivalents 26,529 1,311
Cash and cash equivalents, at beginning of period 108,941 [1] 92,289
Cash and cash equivalents, at end of period 135,470 93,600
Supplemental disclosure of cash flow information    
Income taxes paid 200 0
Interest paid 834 971
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 45 0
Other comprehensive loss related to investment securities $ (14) $ (2)
[1] Derived from audited consolidated financial statements.