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Timberland Bancorp, Inc. and Subsidiary Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities      
Net income $ 4,757 $ 4,590 $ 1,089
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,095 940 992
Deferred federal income taxes 777 154 156
Amortization of CDI 130 148 167
Earned ESOP shares 265 264 264
MRDP compensation expense 39 105 171
Stock option compensation expense 49 15 7
Gains on sale of MBS and other investments 0 (22) (79)
Net OTTI on MBS and other investments 47 214 447
Realized losses on MBS and other investments 0 0 2
(Gain) loss on sale of OREO and other repossessed assets, net (264) 373 (548)
Gains on sale of loans, net (2,507) (2,472) (1,548)
(Gain) loss on disposition of premises and equipment, net (431) 0 16
Provision for loan losses 2,925 3,500 6,758
Provision for OREO losses 2,064 1,048 1,402
Loans originated for sale (87,329) (93,073) (63,945)
Amortization of MSRs 948 805 681
Proceeds from sales of loans 89,352 97,357 63,738
Recovery of MSRs valuation allowance (475) (10) (405)
BOLI net earnings (577) (607) (517)
Decrease in deferred loan origination fees (60) (180) (287)
Decrease in deferred loan origination fees 767 2,239 2,138
Net cash provided by operating activities 11,572 15,388 10,699
Cash flows from investing activities      
Net increase in CDs held for investment (6,552) (4,831) (612)
Activity in MBS and other investments held to maturity: Maturities and prepayments 689 751 850
Activity in MBS and other investments available for sale: Maturities and prepayments 891 1,042 2,243
Proceeds from sales 0 743 2,272
Redemption of FHLB stock 203 50 0
Increase in loans receivable, net (15,819) (22,860) (10,157)
Additions to premises and equipment (1,302) (1,436) (1,015)
Proceeds from sales of OREO and other repossessed assets 3,596 2,555 4,181
Proceeds from disposition of premises and equipment, net 760 0 0
Purchase of BOLI 0 0 (2,000)
Net cash used in investing activities (17,534) (23,986) (4,238)
Cash flows from financing activities      
Net increase in deposits 10,336 5,248 13,809
Repayment of FHLB advances 0 (10,000) (20,000)
Net increase (decrease) in repurchase agreements (855) 126 107
ESOP tax effect 6 (65) (61)
MRDP compensation tax effect (8) (28) (37)
Repurchase of preferred stock (4,321) 0 0
Payment of dividends (1,368) (2,080) 0
Net cash provided by (used in) financing activities 3,790 (6,799) (6,182)
Net increase (decrease) in cash and cash equivalents (2,172) (15,397) 279
Beginning of year 96,668 112,065 111,786
End of year 94,496 96,668 112,065
Supplemental disclosure of cash flow information      
Income taxes paid 1,793 2,343 2,097
Interest paid 4,523 6,089 8,725
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 6,375 9,443 5,782
Loans originated to facilitate the sale of OREO $ 2,708 $ 3,095 $ 1,538