XML 22 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income / (loss) before attribution of non-controlling interest $ (170,000) $ (553,000) [1],[2]
Net (loss) / income attributable to non-controlling interest, net of taxes 0 (281,000)
Net Income (Loss) Attributable to Carver Bancorp, Inc. (170,000) (272,000) [3]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for (recovery of) loan losses 1,495,000 (2,842,000) [4],[5]
Stock based compensation expense 2,000 4,000
Depreciation and amortization expense 1,415,000 1,052,000
Market adjustment on real estate owned 0 (216,000)
Gain (loss) on real estate owned (35,000) (5,000)
Gain on sale of securities, net (1,000) (8,000)
Gain on sale of loans, net (499,000) 2,000
Gain on sale of building (1,221,000) 0
Market adjustment on held-for-sale loans (1,000) 28,000
Amortization and accretion of loan premiums and discounts and deferred charges 188,000 (223,000) [1]
Amortization and accretion of premiums and discounts - securities 171,000 223,000
Proceeds from sale of loans held-for-sale 730,000 0
Assets repurchased from third parties 0 (174,000)
(Increase) decrease in accrued interest receivable (866,000) (224,000)
(Increase) decrease in other assets (2,075,000) 3,477,000 [3]
(Decrease) increase in other liabilities 2,087,000 2,796,000 [2]
Net Cash Provided by (Used in) Operating Activities 490,000 3,618,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of securities: Available-for-sale (148,000) (28,200,000)
Purchases of securities: Held-to-maturity (5,118,000) 0
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 44,696,000 16,209,000
Proceeds from principal payments, maturities and calls of securities: Held-to-maturity 1,770,000 886,000
Originations of loans held-for-investment (100,100,000) (66,783,000)
Change in loans 183,000 215,000 [6]
Loans purchased from third parties (105,445,000) (87,292,000)
Principal collections on loans 81,102,000 59,097,000
Proceeds on sale of loans 18,119,000 0
Change in loans 2,113,000 0
Decrease (increase) in restricted cash 6,129,000 0
Redemption (purchase) of FHLB-NY stock 636,000 (418,000)
Purchase of premises and equipment (574,000) (289,000)
Proceeds from sale of real estate owned 4,105,000 0
Net cash (used in) provided by investing activities (51,802,000) (106,575,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 78,980,000 18,395,000
Net (decrease) increase in FHLB-NY advances and other borrowings (15,000,000) 13,000,000
Net cash provided by (used in) by financing activities 63,980,000 31,395,000
Cash and Cash Equivalents, Period Increase (Decrease) 12,668,000 (71,562,000)
Cash and cash equivalents at beginning of period 50,992,000 122,554,000
Cash and cash equivalents at end of period 63,660,000 50,992,000
Noncash financing and investing activities    
Transfer of loans held-for-investment to loans held-for-sale 730,000 0
Transfer into real estate owned 738,000 2,775,000
Cash paid for-    
Interest 4,085,000 3,474,000
Income Taxes $ 217,000 $ 161,000
[1] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[2] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail. See acc
[3] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[4] (2) March 31, 2015 balances have been restated from previously reported results for the $701 thousand reclassification of negative escrow balances from Other Assets to Loans Receivable a
[5] 1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[6] (1) March 31, 2015 has been restated to correct the classification of loans held-for-sale and other real estate owned from Level 2 to Level 3 assets and for the reclassification of negative escrow balances from Other Assets to Loans Held-for-Sale.