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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 12,299 $ 10,552
Adjustments to reconcile net income to net cash provided by operating activities:    
Recapture of loan losses 0 (1,250)
Depreciation 940 946
Earned ESOP shares 652 428
Stock option compensation expense 130 271
Net recoveries on investment securities (55) 0
Gain on sales of OREO and other repossessed assets, net (217) (53)
Provision for OREO losses 224 42
Gain on sales of loans, net (1,427) (1,656)
(Gain) loss on sales of premises and equipment, net (113) 3
Loans originated for sale (46,256) (54,805)
Proceeds from sales of loans 48,961 56,542
Amortization of MSRs 363 369
BOLI net earnings (407) (406)
Increase in deferred loan origination fees 3 80
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses 1,445 (332)
Net cash provided by operating activities 16,542 10,731
Cash flows from investing activities    
Net (increase) decrease in CDs held for investment (20,098) 11,813
Proceeds from maturities and prepayments of investment securities held to maturity 413 387
Purchase of investment securities held to maturity (1,111) 0
Proceeds from maturities and prepayments of investment securities available for sale 28 49
Purchase of FHLB stock (83) (103)
Redemption of FHLB stock 0 1,200
Purchase of other investments 0 (3,000)
Increase in loans receivable, net (27,287) (23,566)
Additions to premises and equipment (1,387) (3,249)
Proceeds from sales of premises and equipment 463 0
Proceeds from sales of OREO and other repossessed assets 1,506 1,435
Net cash used in investing activities (47,556) (15,034)
Cash flows from financing activities    
Net increase in deposits 42,829 57,284
Repayment of FHLB borrowings 0 (30,000)
Proceeds from exercise of stock options 292 265
Proceeds from exercise of stock warrant 0 2,496
Payment of dividends (3,469) (2,243)
Net cash provided by financing activities 39,652 27,802
Net increase in cash and cash equivalents 8,638 23,499
Cash and cash equivalents, at beginning of period 148,188 [1] 108,941
Cash and cash equivalents, at end of period 156,826 132,440
Supplemental disclosure of cash flow information    
Income taxes paid 2,208 5,376
Interest paid 1,939 2,701
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 324 724
Other comprehensive (loss) income related to investment securities $ (10) $ 13
[1] Derived from audited consolidated financial statements.