Pioneer Bancorp, Inc./MD
For the period ended Mar 31, 2026. Filed May 11, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 11, 2026
PBFS$18.31-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
(in thousands)
| | | | | | |
|---|---|---|---|---|---|
| | For the Three Months Ended | ||||
| | March 31, | ||||
| · 2026 · · 2025 | |||||
| | | | | | |
| Cash flows from operating activities: · · · · | |||||
| Net income | $5,290 | | $5,763 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | ||
| Depreciation and amortization | 608 | | 583 | ||
| Provision for credit losses | 780 | | 800 | ||
| Net accretion on securities | (814) | | (1,187) | ||
| ESOP compensation | | 179 | | | 148 |
| (Earnings) loss on bank-owned life insurance | (6) | | 30 | ||
| Loss on sale or disposal of premises and equipment, net | | — | | | 4 |
| Gain on termination of finance lease, net | | (2) | | | — |
| Stock-based compensation expense | | 360 | | | 351 |
| Deferred tax benefit | (1,455) | | (389) | ||
| Increase in trading securities | | (8,087) | | | — |
| Increase in accrued interest receivable | (617) | | (442) | ||
| (Increase) decrease in other assets | (303) | | 680 | ||
| Increase (decrease) in other liabilities | 3,895 | | (9,868) | ||
| Changes in operating leases | | 11 | | | 1 |
| Net cash used in operating activities | (161) | | (3,526) | ||
| | | | | | |
| Cash flows from investing activities: | | | | ||
| Proceeds from maturities, paydowns and calls of securities available for sale | 26,099 | | 61,589 | ||
| Purchases of securities available for sale | (7,000) | | (47,783) | ||
| Proceeds from maturities and paydowns of securities held to maturity | 91 | | 3,145 | ||
| Purchases of securities held to maturity | (3,000) | | (9,241) | ||
| Net purchases of FHLBNY and FRBNY stock | 2,050 | | 1,675 | ||
| Net increase in loans receivable | (55,531) | | (53,672) | ||
| Purchases of premises and equipment | (636) | | (1,365) | ||
| Net cash used in investing activities | (37,927) | | (45,652) | ||
| | | | | | |
| Cash flows from financing activities: | | | | ||
| Net increase in deposits | 113,141 | | 135,464 | ||
| Net decrease in mortgagors’ escrow deposits | (1,837) | | (1,589) | ||
| Proceeds from exercise of stock options | | 47 | | | — |
| Repayment of FHLBNY borrowings, net | | (50,000) | | | (40,000) |
| Repurchase of common stock | | — | | | (1,572) |
| Repayment of finance lease liability | | (1) | | | (20) |
| Net cash provided by financing activities | 61,350 | | 92,283 | ||
| | | | | | |
| Net increase in cash and cash equivalents | 23,262 | | 43,105 | ||
| Cash and cash equivalents at beginning of period | 133,675 | | 96,521 | ||
| Cash and cash equivalents at end of period | $156,937 | | $139,626 | ||
| | | | | | |
| Supplemental disclosure of cash flow information: | | | | ||
| Cash paid during the period for: | | | | ||
| Interest | $7,968 | | $6,819 | ||
| Income taxes | $— | | $— | ||
| Non-cash investing and financing activity: | | | | ||
| Loans transferred to other real estate owned | $80 | | $— | ||
| Right of use assets obtained in exchange for new finance lease liabilities | $— | | $— | ||
| Right of use assets obtained in exchange for new operating lease liabilities | $572 | | $— | ||
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