XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 10,552 $ 7,455
Adjustments to reconcile net income to net cash provided by operating activities:    
Recapture of loan losses (1,250) 0
Depreciation 946 998
Earned ESOP shares 198 198
Stock option compensation expense 118 114
Stock option tax effect less excess tax benefit 22 5
Gain on sales of OREO and other repossessed assets, net (53) (47)
Provision for OREO losses 42 394
(Gain) loss on sales/dispositions of premises and equipment, net (3) 4
BOLI net earnings (406) (410)
Gain on sales of loans, net (1,656) (1,230)
Increase in deferred loan origination fees 80 40
Net OTTI on investment securities 0 28
Amortization of MSRs 369 428
Loans originated for sale (54,805) (41,353)
Proceeds from sales of loans 56,542 40,749
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (326) (151)
Net cash provided by operating activities 10,370 7,222
Cash flows from investing activities    
Net decrease (increase) in CDs held for investment 11,813 (3,824)
Proceeds from maturities and prepayments of investment securities held to maturity 387 388
Proceeds from maturities and prepayments of investment securities available for sale 49 37
Purchase of FHLB stock 103 105
Redemption of FHLB stock 1,200 0
Purchase of other investments (3,000) 0
Increase in loans receivable, net (23,566) (43,452)
Additions to premises and equipment (3,249) (372)
Capitalized improvements to OREO 0 (142)
Proceeds from sales of OREO and other repossessed assets 1,435 3,210
Net cash used in investing activities (15,034) (44,260)
Cash flows from financing activities    
Net increase in deposits 57,284 36,469
Repayment of FHLB borrowings (30,000) 0
ESOP tax effect 230 94
Proceeds from exercise of stock options 265 128
Stock option excess tax benefit 131 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 (2,243) (1,953)
Net cash provided by financing activities 28,163 33,922
Net increase in cash and cash equivalents 23,499 (3,116)
Cash and cash equivalents, at beginning of period 108,941 [1] 92,289
Cash and cash equivalents, at end of period 132,440 89,173
Supplemental disclosure of cash flow information    
Income taxes paid 5,376 3,450
Interest paid 2,701 2,924
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 724 323
Other comprehensive income related to investment securities $ 13 $ 40
[1] Derived from audited consolidated financial statements.