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As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 6/30/2017 USD 2016 Y 6/30/2018 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD 2019 Q2 YTD 12/31/2018 USD
Source Document Currency Code 2015 Y 6/30/2017 USD 2016 Y 6/30/2018 USD 2017 Y 6/30/2018 USD 2018 Y 6/30/2018 USD 2019 Q2 YTD 12/31/2018 USD

OPERATING ACTIVITIES

Net income 508 2,926 3,229 6,604 4,653

Adjustments to reconcile net income to net cash provided by operating activities

Provision for loan loss 1,326 1,859 823 414 64
Depreciation and amortization 752 1,265 1,427 1,432 591
Amortization of net premiums on securities and net deferred loan origination costs 971 943 1,002 1,679 744
Deferred income tax expense (credit), net of valuation reserves 586 1,299 (26) 2,425 NA
Net increase in accrued interest receivable 45 (127) (332) (665) (99)
Net loss (gain) on sale of foreclosed real estate (1) (9) (99) 7 (24)
Net gains on sales of securities NA 0 0 (236) (55)
Net gains on sales of real estate NA NA NA NA (156)
Write-downs on other real estate owned 87 30 0 0 45
Contribution to PCSB Community Foundation 0 0 3,387 0 NA
Stock-based compensation NA NA NA NA 482
ESOP Compensation 0 0 454 2,248 970
Earnings from cash surrender value of BOLI (297) (458) (622) (568) (279)
Net accretion of purchase account adjustments (132) (1,352) (820) (563) (188)
Other adjustments, principally net changes in other assets and liabilities (2,203) (431) (588) 1,834 793
Net cash provided by operating activities 1,642 5,945 7,835 14,611 7,541

INVESTING ACTIVITIES

Purchases of investment securities

Held to maturity (94,178) (112,896) (195,566) (51,218) (42,226)
Available for sale (25,952) (56,420) (23,314) (27,498) 0
Sales of investment securities available for sale NA 0 0 7,511 2,069

Maturities and calls of investment securities

Held to maturity 97,971 107,656 72,152 80,997 35,346
Available for sale 44,996 33,058 32,750 24,202 10,943
Principal repayments (disbursement), net (3,221) (14,314) (1,131) (818) (2,429)
Purchase of loans (3,638) (43,981) (30,926) (93,166) 0
Acquisition, net cash paid (20,649) NA NA NA NA
Net (purchase) redemption of FHLB stock 1,167 (328) (1,085) 1,082 (335)
Purchases net of sales of bank premises and equipment (549) (3,902) (3,469) (753) (209)
Purchase of BOLI 0 (11,275) 0 0 NA
Proceeds from sale of foreclosed real estate 183 1,030 2,121 1,249 48
Net cash provided by (used in) investing activities (3,870) (101,372) (148,468) (58,412) 3,207

FINANCING ACTIVITIES

Net increase in deposits (4,274) 52,778 (24,109) 69,019 67,867
Net decrease in short-term FHLB advances (31,050) (5,019) 23,636 (23,636) 0
Proceeds from long-term FHLB advances 9,000 20,100 15,000 0 12,500
Repayment of long-term FHLB advances 0 (9,000) (16,119) (121) (5,062)
Net increase in mortgage escrow funds 1,063 385 1,061 719 282
Issuance of common stock, net of ESOP stock purchase 0 NA NA NA NA
Common stock dividends paid NA 0 0 (504) (1,025)
Issuance of common stock NA 0 160,072 (17) 0
Repurchase of common stock NA NA NA NA (4,336)
Net cash used in financing activities (25,261) 59,244 159,541 45,460 70,226
Net increase in cash and cash equivalents (27,489) (36,183) 18,908 1,659 80,974

Cash and cash equivalents

Cash and cash equivalents at beginning of period 105,250 77,761 41,578 60,486 62,145
Cash and cash equivalents at end of period 77,761 41,578 60,486 62,145 143,119

Supplemental information

Cash paid for

Interest 3,832 4,814 5,293 6,204 4,620
Income taxes 424 (351) 1,100 2,766 1,640
Loans transferred to foreclosed real estate 243 1,575 2,075 739 181

Acquisition of noncash assets and liabilities

Assets acquired 264,101 NA NA NA NA
Liabilities acquired 249,295 NA NA NA NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.