XML 64 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 2,529us-gaap_NetIncomeLoss $ (301)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for (recapture of) loan losses (2,932)us-gaap_ProvisionForLoanAndLeaseLosses 414us-gaap_ProvisionForLoanAndLeaseLosses
Provision for losses on loans receivable held for sale   153byfc_ProvisionForRecaptureOfLossesOnLoansHeldForSale
Provision for losses on REO 457us-gaap_ImpairmentOfRealEstate 590us-gaap_ImpairmentOfRealEstate
Depreciation 241us-gaap_Depreciation 214us-gaap_Depreciation
Net amortization of deferred loan origination costs 221us-gaap_AmortizationOfDeferredLoanOriginationFeesNet 208us-gaap_AmortizationOfDeferredLoanOriginationFeesNet
Net amortization of premiums on mortgage-backed securities 57us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 35us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Amortization of investment in affordable housing limited partnership 192byfc_AmortizationOfInvestmentInAffordableHousingLimitedPartnership 219byfc_AmortizationOfInvestmentInAffordableHousingLimitedPartnership
Stock-based compensation expense 11us-gaap_ShareBasedCompensation 45us-gaap_ShareBasedCompensation
Earnings on bank owned life insurance (65)us-gaap_BankOwnedLifeInsuranceIncome (68)us-gaap_BankOwnedLifeInsuranceIncome
Net gains on sales of loans (19)us-gaap_GainLossOnSaleOfLoansAndLeases (110)us-gaap_GainLossOnSaleOfLoansAndLeases
Net gains on sales of REO (12)us-gaap_GainsLossesOnSalesOfOtherRealEstate (112)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Loss on sale/disposal of office properties and equipment   19us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Gain on restructuring of debt (365)us-gaap_GainsLossesOnRestructuringOfDebt (1,221)us-gaap_GainsLossesOnRestructuringOfDebt
Amortization of deferred gain on debt restructuring (133)byfc_AmortizationOfDeferredGainLossOnRestructuring (37)byfc_AmortizationOfDeferredGainLossOnRestructuring
Stock-based compensation - non-employee 25byfc_ShareBasedCompensationNonEmployee  
Net change in accrued interest receivable (109)us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable 143us-gaap_IncreaseDecreaseInInterestAndDividendsReceivable
Net change in other assets 636us-gaap_IncreaseDecreaseInOtherOperatingAssets 1,711us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net change in advance payments by borrowers for taxes and insurance 305us-gaap_IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance 65us-gaap_IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
Net change in accrued expenses and other liabilities 270us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (257)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Net cash provided by operating activities 1,309us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 1,710us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Net change in loans receivable held for investment (52,153)us-gaap_PaymentsForProceedsFromLoansAndLeases 11,950us-gaap_PaymentsForProceedsFromLoansAndLeases
Purchase of loans receivable held for investment 0us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment (10,849)us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment
Proceeds from sales of loans receivable held for sale 3,292us-gaap_ProceedsFromSaleOfLoansHeldForSale 16,600us-gaap_ProceedsFromSaleOfLoansHeldForSale
Principal repayments on loans receivable held for sale   1,520us-gaap_ProceedsFromCollectionOfLoansHeldForSale
Available-for-sale securities:    
Maturities, prepayments and calls 2,813us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 3,708us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases (10,463)us-gaap_PaymentsToAcquireAvailableForSaleSecurities  
Proceeds from sales of REO 2,871us-gaap_ProceedsFromSaleOfForeclosedAssets 8,642us-gaap_ProceedsFromSaleOfForeclosedAssets
Redemption of FHLB stock   540us-gaap_ProceedsFromSaleOfFederalHomeLoanBankStock
Purchase of FHLB stock (517)us-gaap_PaymentsToAcquireFederalHomeLoanBankStock (376)us-gaap_PaymentsToAcquireFederalHomeLoanBankStock
Additions to office properties and equipment (213)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (341)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash provided by (used in) investing activities (54,370)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 31,394us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Net change in deposits 3,462us-gaap_IncreaseDecreaseInDeposits (42,666)us-gaap_IncreaseDecreaseInDeposits
Proceeds from FHLB advances 17,000us-gaap_ProceedsFromFederalHomeLoanBankBorrowings 36,000us-gaap_ProceedsFromFederalHomeLoanBankBorrowings
Repayments on FHLB advances (10,500)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings (36,000)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings
Net proceeds from issuance of common stock and Recapitalization 9,018us-gaap_ProceedsFromIssuanceOfCommonStock 3,398us-gaap_ProceedsFromIssuanceOfCommonStock
Repayments on junior Subordinated debentures (900)us-gaap_RepaymentsOfSubordinatedDebt  
Repayments on senior debt (2,425)us-gaap_RepaymentsOfSeniorDebt  
Net cash provided by (used in) financing activities 15,655us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (39,268)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents (37,406)us-gaap_NetCashProvidedByUsedInContinuingOperations (6,164)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 58,196us-gaap_CashAndCashEquivalentsAtCarryingValue 64,360us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 20,790us-gaap_CashAndCashEquivalentsAtCarryingValue 58,196us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Cash paid for interest 4,517us-gaap_InterestPaid 4,331us-gaap_InterestPaid
Cash paid for income taxes 3us-gaap_IncomeTaxesPaid 4us-gaap_IncomeTaxesPaid
Supplemental disclosures of non-cash investing and financing activities:    
Transfers of loans receivable held for investment to REO 3,314us-gaap_TransferToOtherRealEstate 2,288us-gaap_TransferToOtherRealEstate
Transfers of loans receivable held for sale to REO   753byfc_TransferToOtherRealEstateFromLoansHeldForSale
Transfers of loans receivable from held for investment to held for sale 22,754us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 7,259us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Transfers of loans receivable from held for sale to held for investment   7,394us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1
Exchange of other borrowings for common stock   2,575byfc_ExchangeOfOtherBorrowingsForEquity
Exchange of dividends payable for common stock   2,646byfc_ExchangeOfDividendsPayableForEquity
Transfer of accrued interest to senior debt   535byfc_TransferOfAccruedInterestToSeniorDebt
Issuance of common stock for services $ 25us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims