XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 6,275 $ 4,908
Adjustments to reconcile net income to net cash provided by operating activities:    
Recapture of loan losses (250) 0
Depreciation 640 673
Earned ESOP shares 132 133
Stock option compensation expense 79 75
Stock option tax effect less excess tax benefit 17 5
Gain on sales of OREO and other repossessed assets, net (53) (13)
Provision for OREO losses 76 301
Loss on sales/dispositions of premises and equipment, net 0 3
BOLI net earnings (273) (273)
Gain on sales of loans, net (1,095) (787)
Increase (decrease) in deferred loan origination fees 22 (145)
Net OTTI on investment securities 0 23
Amortization of MSRs 248 295
Loans originated for sale (40,304) (24,305)
Proceeds from sales of loans 39,205 26,559
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (582) (514)
Net cash provided by operating activities 4,137 6,938
Cash flows from investing activities    
Net decrease (increase) in CDs held for investment 66 (3,913)
Proceeds from maturities and prepayments of investment securities held to maturity 266 238
Proceeds from maturities and prepayments of investment securities available for sale 30 27
Purchase of FHLB stock 103 105
Increase in loans receivable, net (12,973) (18,505)
Additions to premises and equipment (2,494) (177)
Capitalized improvements to OREO 0 (142)
Proceeds from sales of OREO and other repossessed assets 1,357 2,326
Net cash used in investing activities (13,851) (20,251)
Cash flows from financing activities    
Net increase in deposits 47,318 33,126
ESOP tax effect 142 55
Proceeds from exercise of stock options 193 86
Stock option excess tax benefit 98 4
Proceeds from exercise of stock warrant 2,492 0
Issuance of common stock 4 0
Repurchase of common stock 0 820
Payment of dividends (1,434) (1,398)
Net cash provided by financing activities 48,813 31,053
Net increase in cash and cash equivalents 39,099 17,740
Cash and cash equivalents, at beginning of period 108,941 [1] 92,289
Cash and cash equivalents, at end of period 148,040 110,029
Supplemental disclosure of cash flow information    
Income taxes paid 3,158 2,280
Interest paid 1,691 1,938
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 268 76
Other comprehensive income (loss) related to investment securities $ (3) $ 27
[1] Derived from audited consolidated financial statements.