XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 408 $ 445 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses (204) 34
Stock based compensation expense 0 (1)
Depreciation and amortization expense 215 245
Gain on sale of real estate owned, net 0 (18)
Gain on sale of loans (66) (194)
Gain on sale of building (17) 0
Amortization and accretion of loan premium and discounts and deferred charges 116 (41)
Amortization and accretion of premiums and discounts — securities 77 (29)
Increase in accrued interest receivable (663) (121)
Increase in other assets (9) (1,230)
Increase in other liabilities 859 1,692
Net cash provided by operating activities 716 782
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments: Available-for-sale (44) (5,118)
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 2,509 13,278
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 313 539
Originations of loans held-for-investment, net of repayments 19,550 (2,566)
Loans purchased from third parties 0 (7,416)
Proceeds on sale of loans 4,463 0
Increase in restricted cash 0 (14)
Redemption of FHLB-NY stock 667 1,086
Purchase of premises and equipment (10) (187)
Proceeds from sale of real estate owned 0 636
Net cash provided by investing activities 27,448 238
CASH FLOW FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (26,798) 18,818
Net decrease in FHLB-NY advances and other borrowings (19,000) (25,000)
Net cash used in financing activities (45,798) (6,182)
Net decrease in cash and cash equivalents (17,634) (5,162)
Cash and cash equivalents at beginning of period 63,660 50,992
Cash and cash equivalents at end of period 46,026 45,830
Supplemental Cash Flow Information [Abstract]    
Transfers to real estate owned 92 0
Cash paid for-    
Interest 1,111 934
Income taxes $ 0 $ 30
[1] (1) June 30, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.