Pioneer Bancorp, Inc./MD
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 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 Six Months Ended | ||||
| | June 30, | ||||
| · 2026 · · 2025 | |||||
| | | | | | |
| Cash flows from operating activities: · · · · | |||||
| Net income | $8,774 | | $12,214 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | ||
| Depreciation and amortization | 1,683 | | 1,183 | ||
| Provision for credit losses | 2,130 | | 2,350 | ||
| Net accretion on securities | (253) | | (2,502) | ||
| ESOP compensation | | 371 | | | 294 |
| Earnings on bank-owned life insurance | (18) | | (514) | ||
| Net loss on sale or write-down of other real estate owned | 31 | | — | ||
| Proceeds from sale of loans | 2,444 | | — | ||
| Net (gain) loss on sale of loans | (187) | | — | ||
| Loss on sale or disposal of premises and equipment, net | | — | | | 7 |
| Gain on termination of finance lease, net | | (2) | | | (10) |
| Stock-based compensation expense | | 806 | | | 705 |
| Deferred tax expense (benefit) | 1,566 | | (1,042) | ||
| Increase in trading securities | | (22,036) | | | — |
| Increase in accrued interest receivable | (170) | | (767) | ||
| Decrease in other assets | 3,155 | | 317 | ||
| Increase (decrease) in other liabilities | 16,177 | | (10,689) | ||
| Changes in operating leases | | 19 | | | (9) |
| Net cash provided by operating activities | 14,490 | | 1,537 | ||
| | | | | | |
| Cash flows from investing activities: | | | | ||
| Proceeds from maturities, paydowns and calls of securities available for sale | 45,821 | | 131,532 | ||
| Purchases of securities available for sale | (27,985) | | (93,395) | ||
| Proceeds from maturities and paydowns of securities held to maturity | 452 | | 3,329 | ||
| Purchases of securities held to maturity | (3,731) | | (20,500) | ||
| Net purchases of FHLBNY and FRBNY stock | 1,914 | | 1,518 | ||
| Net increase in loans receivable | (107,108) | | (111,014) | ||
| Purchases of premises and equipment | (1,053) | | (1,873) | ||
| Proceeds from the sale of premises and equipment, other real estate owned and repossessed assets | | 238 | | | — |
| Proceeds from bank-owned life insurance death benefit | | — | | | 1,142 |
| Cash paid for acquisitions | | (141,343) | | | — |
| Net cash used in investing activities | (232,795) | | (89,261) | ||
| | | | | | |
| Cash flows from financing activities: | | | | ||
| Net increase in deposits | 229,772 | | 155,677 | ||
| Net decrease in mortgagors’ escrow deposits | 3,006 | | 2,672 | ||
| Proceeds from exercise of stock options | | 47 | | | — |
| Repayment of FHLBNY borrowings, net | | (50,000) | | | (40,000) |
| Repurchase of common stock | | (3,470) | | | (4,881) |
| Purchase of employee restricted shares to fund statutory tax withholding | | (156) | | | (145) |
| Repayment of finance lease liability | | (3) | | | (52) |
| Net cash provided by financing activities | 179,196 | | 113,271 | ||
| | | | | | |
| Net (decrease) increase in cash and cash equivalents | (39,109) | | 25,547 | ||
| Cash and cash equivalents at beginning of period | 133,675 | | 96,521 | ||
| Cash and cash equivalents at end of period | $94,566 | | $122,068 | ||
| | | | | | |
| Supplemental disclosure of cash flow information: | | | | ||
| Cash paid during the period for: | | | | ||
| Interest | $16,357 | | $14,044 | ||
| Income taxes | $2,000 | | $3,500 | ||
| Non-cash investing and financing activity: | | | | ||
| Loans transferred to other real estate owned | $216 | | $595 | ||
| Acquisition contingent consideration payable | $2,245 | | $— | ||
| Right of use assets obtained in exchange for new operating lease liabilities | $572 | | $— | ||
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