XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,442 $ 2,654
Adjustments to reconcile net income to net cash provided (used in) by operating activities:    
Depreciation and amortization 688 728
Purchased loans amortization (accretion), net 62 (29)
Recapture of loan losses (200)  
Provision for deferred income taxes   1,342
Expense related to ESOP   43
Stock-based compensation expense 11  
Increase in deferred loan origination fees, net of amortization 184 129
Origination of loans held for sale (4,705) (7,368)
Proceeds from sales of loans held for sale 4,987 7,239
Net gains on loans held for sale, sales and transfer of REO, sales ofinvestment securities and sales of premises and equipment (152) (225)
Income from BOLI [1] (179) (207)
Changes in certain other assets and liabilities:    
Prepaid expenses and other assets 71 (137)
Accrued interest receivable (101) (145)
Accrued expenses and other liabilities (886) (4,794)
Net cash provided by (used in) operating activities 4,222 (770)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan originations, net (7,222) (2,856)
Purchases of loans receivable (7,403) (15,238)
Principal repayments on investment securities available for sale 6,852 6,498
Purchases of investment securities available for sale   (11,030)
Proceeds from call of investment security available for sale 5,000  
Principal repayments on investment securities held to maturity 2 10
Purchases of premises and equipment and capitalized software (181) (107)
Redemption of certificates of deposit held for investment, net 996  
Proceeds from sales of REO and premises and equipment 298  
Net cash used in investing activities (1,658) (22,723)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposits (13,322) (6,530)
Dividends paid (677) (450)
Proceeds from borrowings 56,160 17,925
Repayment of borrowings (56,160) (17,925)
Net decrease in advance payments by borrowers (57) (97)
Principal payments on capital lease obligation (7) (5)
Proceeds from exercise of stock options   70
Net cash used in financing activities (14,063) (7,012)
NET DECREASE IN CASH AND CASH EQUIVALENTS (11,499) (30,505)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 44,767 64,613
CASH AND CASH EQUIVALENTS, END OF PERIOD 33,268 34,108
Cash paid during the period for:    
Interest 573 553
Income taxes 805 1
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 790 507
Other comprehensive income (loss) (962) 610
Income tax effect related to other comprehensive income (loss) $ 226 $ (217)
[1] Not in scope of ASC 606