XML 31 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 373us-gaap_NetIncomeLoss $ (882)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for loan losses 99us-gaap_ProvisionForLoanAndLeaseLosses 167us-gaap_ProvisionForLoanAndLeaseLosses
Loans originated for sale (38,259)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (23,500)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Loans sold 37,671us-gaap_ProceedsFromSaleOfLoansHeldForSale 24,363us-gaap_ProceedsFromSaleOfLoansHeldForSale
Gain on sale of portfolio loans, net (328)cway_GainLossOnSalesOfPortfolioLoans  
Amortization of deferred loan costs 183us-gaap_AmortizationOfDeferredLoanOriginationFeesNet 151us-gaap_AmortizationOfDeferredLoanOriginationFeesNet
Loss on foreclosed real estate 60us-gaap_GainsLossesOnSalesOfOtherRealEstate 38us-gaap_GainsLossesOnSalesOfOtherRealEstate
Depreciation and amortization expense 316us-gaap_DepreciationAmortizationAndAccretionNet 250us-gaap_DepreciationAmortizationAndAccretionNet
Bank-owned life insurance income (34)us-gaap_BankOwnedLifeInsuranceIncome (31)us-gaap_BankOwnedLifeInsuranceIncome
Deferred income tax expense (benefit) 83cway_DeferredIncomeTaxExpenseBenefitNet (545)cway_DeferredIncomeTaxExpenseBenefitNet
Issuance of common stock to Coastway Cares Charitable Foundation II   1,221cway_ContributionToCharitableFoundationByIssuanceOfCommonStock
ESOP expense 44us-gaap_AmortizationOfESOPAward 41us-gaap_AmortizationOfESOPAward
Net change in:    
Accrued interest receivable   5us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Other, net 2,037us-gaap_IncreaseDecreaseInOtherOperatingAssets 287us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net cash provided by operating activities 2,245us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 1,565us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Purchase of and increases in certificates of deposit (5)cway_PaymentsToAcquireCertificatesOfDeposit (3,000)cway_PaymentsToAcquireCertificatesOfDeposit
Loan originations, net of principal payments (11,841)us-gaap_PaymentsForProceedsFromLoansAndLeases (12,121)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from portfolio loans sold 4,554cway_ProceedsFromSaleOfPortfolioLoans  
Proceeds from sale of foreclosed real estate 354us-gaap_ProceedsFromSaleOfForeclosedAssets  
Purchases of premises and equipment (355)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (179)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used by investing activities (7,293)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (15,300)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Net increase in deposits 15,648us-gaap_IncreaseDecreaseInDeposits 13,234us-gaap_IncreaseDecreaseInDeposits
Net change in short-term borrowed funds (9,500)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (26,000)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Repayments of long-term borrowed funds (1,300)us-gaap_RepaymentsOfLongTermDebt (700)us-gaap_RepaymentsOfLongTermDebt
Repurchase of common stock (97)us-gaap_PaymentsForRepurchaseOfCommonStock  
Issuance of common stock for initial public offering   46,345us-gaap_ProceedsFromIssuanceInitialPublicOffering
Conversion of stock subscriptions to common stock   (43,398)cway_PaymentsForConversionOfStockSubscriptionsToCommonStock
Purchase of common stock by ESOP   (3,959)cway_PaymentsForPurchaseOfCommonStockByEmployeeStockOwnershipPlanESOP
Net cash provided (used) by financing activities 4,751us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (14,478)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents (297)us-gaap_NetCashProvidedByUsedInContinuingOperations (28,213)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 14,582us-gaap_CashAndCashEquivalentsAtCarryingValue 51,519us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 14,285us-gaap_CashAndCashEquivalentsAtCarryingValue  
Supplemental cash flow information:    
Interest paid on deposits 544cway_InterestPaidOnDeposits 587cway_InterestPaidOnDeposits
Interest paid on borrowed funds 40cway_InterestPaidOnBorrowedFunds 25cway_InterestPaidOnBorrowedFunds
Income taxes paid $ 100us-gaap_IncomeTaxesPaid $ 76us-gaap_IncomeTaxesPaid