XML 59 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities      
Net income $ 8,292 $ 5,850 $ 4,757
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,356 1,244 1,095
Deferred federal income taxes 196 451 777
Amortization of CDI 3 116 130
Earned ESOP shares 264 264 265
MRDP compensation expense 0 2 39
Stock option compensation expense 125 104 49
Stock Option Tax Effect Less Excess Tax Benefit 1 4 0
(Gain) loss on sales of investment securities (45) 32 0
Net OTTI (recoveries) on investment securities 13 (59) 47
Gain on sales of OREO and other repossessed assets, net (110) (169) (264)
Gain on sales of loans, net (1,610) (1,013) (2,507)
Gain on sales/dispositions of premises and equipment, net (296) (7) (431)
Provision for (recapture of) loan losses (1,525) 0 2,925
Provision for OREO losses 644 605 2,064
Loans originated for sale (54,490) (31,320) (87,329)
Amortization of MSRs 841 969 948
Proceeds from sales of loans 53,948 33,345 89,352
Valuation recovery on MSRs, net 0 0 (475)
BOLI net earnings (538) (530) (577)
Increase (decrease) in deferred loan origination fees 447 36 (60)
Increase (decrease) in deferred loan origination fees 36 (1,301) 767
Net cash provided by operating activities 7,552 8,623 11,572
Proceeds from Stock Options Exercised 30 23 0
Cash flows from investing activities      
Net increase in CDs held for investment (12,766) (5,803) (6,552)
Payments to Acquire Held-to-maturity Securities (2,988) (3,003) 0
Proceeds from maturities and prepayments of investment securities held to maturity 509 583 689
Proceeds from maturities and prepayments of investment securities available for sale 242 355 891
Proceeds from sales of investment securities available for sale 1,219 856 0
Proceeds from redemption of FHLB stock 2,547 206 203
Increase in loans receivable, net (40,019) (23,569) (15,819)
Additions to premises and equipment (700) (1,189) (1,302)
Proceeds from sales of OREO and other repossessed assets 2,377 7,065 3,596
Proceeds from sales/dispositions of premises and equipment, net 465 37 760
Net cash used in investing activities (49,114) (24,462) (17,534)
Cash flows from financing activities      
Net increase in deposits 63,796 6,854 10,336
Net decrease in repurchase agreements 0 0 (855)
ESOP tax effect 72 64 6
MRDP compensation tax effect 0 2 (8)
Repurchase of preferred stock 0 (12,065) (4,321)
Payments for Repurchase of Common Stock (709) 0 0
Payment of dividends (1,693) (1,185) (1,368)
Net cash provided by (used in) financing activities 61,497 (6,303) 3,790
Net increase (decrease) in cash and cash equivalents 19,935 (22,142) (2,172)
Beginning of period 72,354 94,496  
End of period 92,289 72,354 94,496
Supplemental disclosure of cash flow information      
Income taxes paid 3,663 2,888 1,793
Interest paid 3,899 3,961 4,523
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 2,123 6,155 6,375
Accumulated other comprehensive loss (313) (339)  
Other Comprehensive Income (Loss), Net of Tax 26 23 101
Loans originated to facilitate the sale of OREO $ 450 $ 1,282 $ 2,708