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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Statement of Cash Flows [Abstract]      
Cash acquired, net of cash consideration paid in business combination $ 14,284 $ 0 $ 0
Cash flows from operating activities      
Net income 24,020 16,721 14,167
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,604 1,290 1,262
Deferred income taxes 703 797 385
Amortization of CDI 452 0 0
Earned ESOP shares 441 882 605
Accretion of discount on purchased loans (645) 0 0
Stock option compensation expense 159 172 156
Gain on sales of investment securities (47) 0 0
Net recoveries on investment securities (59) (68) (33)
Change in fair value of investments in equity securities (41) 0 0
Gain on sales of OREO and other repossessed assets, net (89) (229) (54)
Provision for OREO losses 24 248 42
Gain on sales of loans, net (1,754) (1,893) (2,157)
(Gain) loss on sales/dispositions of premises and equipment, net 7 (102) 5
Recapture of loan losses 0 0 (1,250)
Loans originated for sale (70,489) (62,677) (69,996)
Proceeds from sales of loans 67,957 66,384 72,158
Amortization of servicing rights 646 491 487
Valuation adjustment on servicing rights, net 4 0 0
BOLI net earnings (613) (547) (545)
BOLI death benefit in excess of cash surrender value (1,028) 0 0
Increase in deferred loan origination fees 161 171 237
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (3,305) (190) (1,610)
Net cash provided by operating activities 18,108 21,450 13,859
Cash flows from investing activities      
Net (increase) decrease in CDs held for investment (12,083) (20,256) 9,966
Purchase of investment securities held to maturity (13,166) (6,073) 0
Purchase of investment securities available for sale (20,909) 0 0
Proceeds from maturities and prepayments of investment securities held to maturity 11,784 554 609
Proceeds from maturities and prepayments of investment securities available for sale 1,412 41 68
Proceeds from sale of investment securities held to maturity 2,937 0 0
Proceeds from sales of investment securities available for sale 2,332 0 0
Purchase of FHLB stock (42) (83) (103)
Proceeds from redemption of FHLB stock 0 0 1,200
Purchase of other investments 0 0 (3,000)
Increase in loans receivable, net (39,536) (35,522) (26,956)
Additions to premises and equipment (2,151) (2,186) (3,526)
Proceeds from sales of OREO and other repossessed assets 613 1,693 1,579
Proceeds from sales/dispositions of premises and equipment 0 463 0
Proceeds from death benefit on BOLI 3,078 0 0
Escrow deposit for business combination 6,900 (6,900) 0
Net cash used in investing activities (44,547) (68,269) (20,163)
Cash flows from financing activities      
Net increase in deposits 27,183 51,608 76,364
Repayment of FHLB borrowings 0 0 (30,000)
Proceeds from exercise of stock options 401 318 332
Proceeds from exercise of stock warrant 0 0 2,496
Repurchase of common stock (499) 0 0
Payment of dividends (6,495) (4,431) (3,641)
Net cash provided by financing activities 20,590 47,495 45,551
Net increase (decrease) in cash and cash equivalents (5,849) 676 39,247
Beginning of period 148,864 148,188 108,941
End of period 143,015 148,864 148,188
Supplemental disclosure of cash flow information      
Income taxes paid 6,593 4,462 7,596
Interest paid 4,457 2,714 3,283
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 293 324 751
Other comprehensive income $ 116 $ (5) $ 51