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As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 6/30/2016 USD 2017 Y 10-K 6/30/2017 USD 2018 Y 10-K 6/30/2018 USD 2019 Y 10-K 6/30/2019 USD
Document Name As Of Date Currency Code 2016 Y 10-K 6/30/2016 USD 2017 Y 10-K 6/30/2017 USD 2018 Y 10-K 6/30/2018 USD 2019 Y 10-K 6/30/2019 USD

OPERATING ACTIVITIES

Net income 2,926 3,229 6,604 8,318

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

Provision for loan loss 1,859 823 414 808
Depreciation and amortization 1,265 1,427 1,432 1,178
Amortization of net premiums on securities and deposits, and net deferred loan origination costs 943 1,002 1,679 1,277
Deferred income tax (credit) expense, net of valuation reserves 1,299 (26) 2,425 (350)
Net increase in accrued interest receivable (127) (332) (665) (439)
Net (gain) loss on sales of foreclosed real estate (9) (99) 7 (24)
Net gains on sale of securities 0 0 (236) (62)
Net gain on sale of bank premises NA NA 0 (156)
Write-downs on foreclosed real estate 30 0 0 21
Contribution to PCSB Community Foundation 0 3,387 NA NA
Stock-based compensation NA NA 0 2,140
ESOP compensation 0 454 2,248 1,918
Earnings from cash surrender value of BOLI (458) (622) (568) (544)
Net accretion of purchase account adjustments (1,352) (820) (563) (357)
Other adjustments, principally net changes in other assets and liabilities (431) (588) 1,834 (741)
Net cash provided by operating activities 5,945 7,835 14,611 12,987

INVESTING ACTIVITIES

Purchases of investment securities

Held to maturity (112,896) (195,566) (51,218) (57,925)
Available for sale (56,420) (23,314) (27,498) 0
Sales of investment securities available for sale 0 0 7,511 14,021

Maturities and calls of investment securities

Held to maturity 107,656 72,152 80,997 64,988
Available for sale 33,058 32,750 24,202 20,711
Loan principal disbursement, net (14,314) (1,131) (818) (112,034)
Purchase of loans (43,981) (30,926) (93,166) (80,833)
Net (purchase) redemption of FHLB stock (328) (1,085) 1,082 (4,205)
Purchase of bank premises and equipment, net of sales (3,902) (3,469) (753) (1,116)
Purchase of BOLI (11,275) 0 NA NA
Proceeds from sales of foreclosed real estate 1,030 2,121 1,249 487
Net cash used in investing activities (101,372) (148,468) (58,412) (155,906)

FINANCING ACTIVITIES

Net increase in deposits 52,778 (24,109) 69,019 68,364
Net increase (decrease) in short-term FHLB advances (5,019) 23,636 (23,636) 60,000
Proceeds from long-term FHLB advances 20,100 15,000 0 42,500
Repayment of long-term FHLB advances (9,000) (16,119) (121) (10,125)
Net increase in mortgage escrow funds 385 1,061 719 552
Common stock dividends paid 0 0 (504) (2,183)
Issuance of common stock 0 160,072 (17) 0
Repurchase of common stock NA NA 0 (18,305)
Net cash provided by financing activities 59,244 159,541 45,460 140,803
Net (decrease) increase in cash and cash equivalents (36,183) 18,908 1,659 (2,116)
Cash and cash equivalents at beginning of period 77,761 41,578 60,486 62,145
Cash and cash equivalents at end of period 41,578 60,486 62,145 60,029

Supplemental information

Cash paid for

Interest 4,814 5,293 6,204 10,688
Income taxes (net of refunds) (351) 1,100 2,766 2,933
Loans transferred to foreclosed real estate and other assets 1,575 2,075 739 1,182
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.