XML 55 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
 3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 2,390 $ 1,513
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 611 496
Provision for loan losses (818) (942)
Recovery of losses on real estate owned (17) 26
Gain on sale of loans, net (7,652) (6,754)
(Gain) loss on sale of real estate owned, net 9 (170)
Stock-based compensation 143 131
Increase in current and deferred income taxes 1,748 1,036
Tax benefit from non-qualified equity compensation 16 (7)
Increase in accounts payable and other liabilities (366) (3,916)
Decrease in prepaid expenses and other assets 280 (191)
Loans originated for sale (513,770) (683,703)
Proceeds from sale of loans 498,413 712,010
Net cash provided by operating activities (19,013) 19,529
Cash flows from investing activities:    
Decrease in loans held for investment, net (16,774) (2,175)
Principal payments from investment securities available for sale 780 820
Payments to Acquire Available-for-sale Securities (250) 0
Redemption of FHLB - San Francisco stock 0 1,965
Proceeds from sale of real estate owned 502 1,626
Purchase of premises and equipment (168) (292)
Net cash provided by investing activities (15,910) 1,944
Cash flows from financing activities:    
(Decrease) increase in deposits, net 4,562 (3,915)
Repayments of long-term borrowings (15) (50,015)
Exercise of stock options 14 37
Tax benefit from non-qualified equity compensation (16) 7
Cash dividends paid (1,023) (1,030)
Treasury stock purchases (2,398) (3,404)
Net cash used for financing activities 1,124 (58,320)
Net increase in cash and cash equivalents (33,799) (36,847)
Cash and cash equivalents at beginning of period   118,937
Cash and cash equivalents at end of period 85,138 156,992
Supplemental information:    
Cash paid for interest 1,562 2,457
Transfer of loans held for sale to held for investment 678 1,883
Real estate owned acquired in the settlement of loans $ 927 $ 2,759