XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Provident Financial Holdings, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net (loss) income $ (225) $ 1,594
Adjustments to reconcile net (loss) income to net cash used for operating activities:    
Depreciation and amortization 664 697
Provision (recovery) for loan losses 169 (150)
Unrealized gain on real estate owned (552) 100
Gain on sale of loans, net [1] (4,847) (7,996)
Loss (gain) on sale of real estate owned, net 580 (54)
Stock-based compensation 266 702
(Benefit) provision for deferred income taxes (930) 1,420
Tax effect from stock based compensation 0 (187)
Increase in accounts payable, accrued interest and other liabilities 1,039 1,828
Increase in prepaid expenses and other assets 617 (361)
Loans originated for sale (392,292) (647,342)
Proceeds from sale of loans 386,799 579,698
Net cash used for operating activities (8,712) (70,051)
Cash flows from investing activities:    
Increase in loans held for investment, net (3,517) (15,097)
Proceeds from Sale and Maturity of Held-to-maturity Securities 5,570 3,481
Principal payments from investment securities available for sale 5,987 4,048
Proceeds from Sale of Mortgage Backed Securities (MBS) categorized as Available-for-sale 383 567
Purchase of investment securities held to maturity 10,102 0
Proceeds from sale of real estate owned 1,587 307
Purchase of premises and equipment (901) (78)
Net cash used for investing activities (6,980) (10,820)
Cash flows from financing activities:    
Increase in deposits, net 495 17,118
Proceeds from (Repayments of) Short-term Debt (5,000) 35,000
Proceeds from Issuance of Long-term Debt 0 20,000
Repayments of long-term borrowings (20) (18)
Exercise of stock options 177 17
Payments Related to Tax Withholding for Share-based Compensation (41) (501)
Tax effect from stock based compensation 0 187
Cash dividends (1,078) (1,033)
Treasury stock purchases (2,450) (1,662)
Net cash (used for) provided by financing activities (7,917) 69,108
Net decrease in cash and cash equivalents (23,609) (11,763)
Cash and cash equivalents at beginning of period 72,826 51,206
Cash and cash equivalents at end of period 49,217 39,443
Supplemental information:    
Cash paid for interest 1,606 1,671
Cash paid for income taxes 0 100
Transfer of loans held for sale to held for investment 521 760
Real estate acquired in the settlement of loans $ 0 $ 1,298
[1] Includes an inter-company charge of $59 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.