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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 Q1 YTD 9/30/2018 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 Q1 YTD 9/30/2018 USD

OPERATING ACTIVITIES

Net income 508 2,926 3,229 6,604 2,329

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

Provision for loan loss 1,326 1,859 823 414 58
Depreciation and amortization 752 1,265 1,427 1,432 299
Amortization of net premiums on securities and net deferred loan origination costs 971 943 1,002 1,679 482
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) (389)
Net loss (gain) on sale of foreclosed real estate (1) (9) (99) 7 NA
Net gains on sales of securities NA 0 0 (236) 0
Write-downs on foreclosed real estate 87 30 0 0 NA
Contribution to PCSB Community Foundation 0 0 3,387 0 NA
ESOP Compensation 0 0 454 2,248 493
Earnings from cash surrender value of BOLI (297) (458) (622) (568) (140)
Net accretion of purchase account adjustments (132) (1,352) (820) (563) (96)
Other adjustments, principally net changes in other assets and liabilities (2,203) (431) (588) 1,834 (1,205)
Net cash provided by operating activities 1,642 5,945 7,835 14,611 1,831

INVESTING ACTIVITIES

Purchases of investment securities

Held to maturity (94,178) (112,896) (195,566) (51,218) (1,169)
Available for sale (25,952) (56,420) (23,314) (27,498) 0
Sales of investment securities available for sale NA 0 0 7,511 0

Maturities and calls of investment securities

Held to maturity 97,971 107,656 72,152 80,997 13,984
Available for sale 44,996 33,058 32,750 24,202 3,710
Disbursement for loan originations net of principal repayments (3,221) (14,314) (1,131) (818) (3,266)
Purchase of loans (3,638) (43,981) (30,926) (93,166) 0
Acquisition, net cash paid (20,649) NA NA NA NA
Net redemption of FHLB stock 1,167 (328) (1,085) 1,082 1
Purchase of bank premises and equipment (549) (3,902) (3,469) (753) (219)
Purchase of BOLI 0 (11,275) 0 0 NA
Proceeds from sale of foreclosed real estate 183 1,030 2,121 1,249 NA
Net cash provided by (used in) investing activities (3,870) (101,372) (148,468) (58,412) 13,041

FINANCING ACTIVITIES

Net decrease in deposits (4,274) 52,778 (24,109) 69,019 (4,336)
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 NA
Repayment of long-term FHLB advances 0 (9,000) (16,119) (121) (31)
Net decrease in mortgage escrow funds 1,063 385 1,061 719 (3,822)
Issuance of common stock, net of ESOP stock purchase 0 NA NA NA NA
Common stock dividends paid NA 0 0 (504) (505)
Issuance of common stock NA 0 160,072 (17) 0
Net cash used in financing activities (25,261) 59,244 159,541 45,460 (8,694)
Net increase (decrease) in cash and cash equivalents (27,489) (36,183) 18,908 1,659 6,178

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 68,323

Supplemental information

Cash paid for

Interest 3,832 4,814 5,293 6,204 2,122
Income taxes 424 (351) 1,100 2,766 830
Loans transferred to foreclosed real estate and other assets 243 1,575 2,075 739 294

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.