XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,030) $ (641)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 5 120
Stock based compensation expense 1 3
Depreciation and amortization expense 146 203
Gain on sale of real estate owned, net of market value adjustment (70) (67)
Gain on sale of building (154) (17)
Amortization and accretion of loan premiums and discounts and deferred charges 126 94
Amortization and accretion of premiums and discounts — securities 72 85
Decrease (increase) in accrued interest receivable 111 (195)
Decrease in other assets 841 165
Increase (decrease) in other liabilities 509 (1,016)
Net cash provided by (used in) operating activities 557 (1,266)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale (16,292) 0
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 1,061 1,210
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 221 326
Originations of loans held-for-investment, net of repayments 25,325 11,731
Proceeds on sale of loans 255 0
Decrease in restricted cash 0 283
Redemption of FHLB-NY stock, net 1,202 49
Purchase of premises and equipment (708) (321)
Proceeds from sales of real estate owned 805 270
Net cash provided by investing activities 11,869 13,548
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (29,900) (20,515)
Net decrease in FHLB-NY advances and other borrowings (25,000) (5,000)
Net cash used in financing activities (54,900) (25,515)
Net decrease in cash and cash equivalents (42,474) (13,233)
Cash and cash equivalents at beginning of period 134,558 58,686
Cash and cash equivalents at end of period 92,084 45,453
Noncash financing and investing activities    
Transfers to real estate owned 142 0
Cash paid for:    
Interest $ 1,313 $ 1,094