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Parent Company Condensed Financial Statements (Tables)
12 Months Ended
Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Balance Sheets

Financial information as of December 31, 2016 and 2015 and for the years then ended pertaining to only Randolph Bancorp, Inc. and its predecessor Randolph Bancorp is as follows:

 

BALANCE SHEETS

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Assets

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

8,496

 

 

$

96

 

Investment in Randolph Savings Bank

 

 

70,299

 

 

 

32,363

 

ESOP loan

 

 

4,507

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

83,302

 

 

$

32,459

 

 

 

 

 

 

 

 

 

 

Stockholders' Equity

 

 

 

 

 

 

 

 

Preferred stock

 

$

 

 

$

 

Common stock

 

 

59

 

 

 

 

Additional paid-in capital

 

 

56,373

 

 

 

 

Retained earnings

 

 

32,661

 

 

 

32,198

 

ESOP-Unearned compensation

 

 

(4,507

)

 

 

 

Accumulated other comprehensive income (loss), net of tax

 

 

(1,284

)

 

 

261

 

Total stockholders' equity

 

 

83,302

 

 

 

32,459

 

 

 

 

 

 

 

 

 

 

Total liabilities and stockholders' equity

 

$

83,302

 

 

$

32,459

 

 

Statements of Operations

Financial information as of December 31, 2016 and 2015 and for the years then ended pertaining to only Randolph Bancorp, Inc. and its predecessor Randolph Bancorp is as follows:

 

STATEMENTS OF OPERATIONS

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

Total income

 

$

82

 

 

$

 

Charitable foundation contribution

 

 

2,275

 

 

 

 

Operating expenses

 

 

141

 

 

 

 

Loss before incomes taxes and equity in undistributed net income

   (loss) of Randolph Savings Bank

 

 

(2,334

)

 

 

 

Applicable income taxes

 

 

 

 

 

 

Loss before equity in net income (loss) of Randolph Savings Bank

 

 

(2,334

)

 

 

 

 

 

 

 

 

 

 

 

 

Equity in undistributed net income (loss) of Randolph Savings Bank

 

 

2,797

 

 

 

(754

)

Net income (loss)

 

$

463

 

 

$

(754

)

 

Statements of Cash Flows

Financial information as of December 31, 2016 and 2015 and for the years then ended pertaining to only Randolph Bancorp, Inc. and its predecessor Randolph Bancorp is as follows:

STATEMENTS OF CASH FLOWS

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

463

 

 

$

(754

)

Adjustments to reconcile net income (loss) to net cash used in

   operating activities:

 

 

 

 

 

 

 

 

Equity in undistributed net (income) loss of Randolph Savings

   Bank

 

 

(2,797

)

 

 

754

 

Charitable foundation contribution of Company stock

 

 

1,820

 

 

 

 

Net cash used in operating activities

 

 

(514

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Acquisition of First Eastern, net of cash acquired

 

 

(11,131

)

 

 

 

Investment in Randolph Savings Bank

 

 

(29,991

)

 

 

 

ESOP loan

 

 

(4,695

)

 

 

 

Payment received on ESOP loan

 

 

188

 

 

 

 

Net cash used in investing activities

 

 

(45,629

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from issuance of common stock

 

 

56,868

 

 

 

 

Stock offering costs

 

 

(2,325

)

 

 

 

Net cash provided by financing activities

 

 

54,543

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in cash and cash equivalents

 

 

8,400

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at the beginning of year

 

 

96

 

 

 

96

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents at end of year

 

$

8,496

 

 

$

96

 

 

 

 

 

 

 

 

 

 

Non-cash item:

 

 

 

 

 

 

 

 

Contribution of net assets of First Eastern to Randolph Savings

   Bank

 

$

12,407

 

 

$