XML 54 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:    
Net income $ 3,116 $ 15,670
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 863 848
Provision for loan losses (1,840) 556
Recovery of losses on real estate owned (17) (118)
Gain on sale of loans, net (12,486) (38,473)
(Gain) loss on sale of real estate owned, net (161) (746)
Stock-based compensation 261 239
Increase in current and deferred income taxes (3,922) (1,835)
Tax benefit from non-qualified equity compensation (8) (71)
Increase in accounts payable and other liabilities (3,217) 2,684
Decrease in prepaid expenses and other assets 150 (1,272)
Loans originated for sale (1,136,684) (1,869,290)
Proceeds from sale of loans 1,219,194 1,844,726
Net cash provided by operating activities 65,249 (47,082)
Cash flows from investing activities:    
Decrease in loans held for investment, net (10,215) 18,876
Principal payments from investment securities available for sale 1,619 1,667
Redemption of FHLB - San Francisco stock 4,368 3,106
Proceeds from sale of real estate owned 2,530 9,365
Purchase of premises and equipment (510) (399)
Net cash provided by investing activities (2,208) 32,615
Cash flows from financing activities:    
(Decrease) increase in deposits, net (9,254) (26,205)
Repayments of long-term borrowings (55,029) (27)
Exercise of stock options 296 197
Tax benefit from non-qualified equity compensation 8 71
Cash dividends paid (2,035) (1,075)
Treasury stock purchases (9,074) (3,996)
Net cash used for financing activities (75,088) (31,035)
Net increase in cash and cash equivalents (12,047) (45,502)
Cash and cash equivalents at beginning of period   193,839
Cash and cash equivalents at end of period 181,792 99,634
Supplemental information:    
Cash paid for interest 4,342 5,750
Income Taxes Paid 6,180 11,345
Transfer of loans held for sale to held for investment 2,259 1,881
Real estate owned acquired in the settlement of loans $ 3,972 $ 6,776