Pioneer Bancorp, Inc./MD
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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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, 2025 · Filed Aug 8, 2025
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, | ||||
| · 2025 · 2024 | |||||
| · · · · | |||||
| Cash flows from operating activities: · · | |||||
| Net income | $12,214 | | $8,649 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |||
| Depreciation and amortization | 1,183 | | 1,280 | ||
| Provision for credit losses | 2,350 | | 830 | ||
| Net accretion on securities | (2,502) | | (1,043) | ||
| ESOP compensation | | 294 | | | 243 |
| (Earnings) loss on bank-owned life insurance | (514) | | 189 | ||
| Net gain on sale or write-down of other real estate owned | — | | (55) | ||
| Loss on sale, disposal or impairment of premises and equipment, net | | 7 | | | 288 |
| Gain on termination of operating lease, net | | (10) | | | — |
| Net gain on equity securities | — | | (386) | ||
| Stock-based compensation expense | | 705 | | | 154 |
| Deferred tax benefit | (1,042) | | (192) | ||
| (Increase) decrease in accrued interest receivable | (767) | | 119 | ||
| Decrease in other assets | 317 | | 3,206 | ||
| Decrease in other liabilities | (10,689) | | (942) | ||
| Changes in operating leases | | (9) | | | 8 |
| Net cash provided by operating activities | 1,537 | | 12,348 | ||
| | | | | | |
| Cash flows from investing activities: | | ||||
| Proceeds from maturities, paydowns and calls of securities available for sale | 131,532 | | 71,770 | ||
| Purchases of securities available for sale | (93,395) | | (6,090) | ||
| Proceeds from maturities and paydowns of securities held to maturity | 3,329 | | 693 | ||
| Purchases of securities held to maturity | (20,500) | | (2,253) | ||
| Proceeds from sales of equity securities | | — | | | 3,149 |
| Net redemptions (purchases) of FHLBNY and FRBNY stock | 1,518 | | (2,300) | ||
| Net increase in loans receivable | (111,014) | | (81,024) | ||
| Purchases of premises and equipment | (1,873) | | (304) | ||
| Proceeds from bank-owned life insurance death benefit | | 1,142 | | | — |
| Proceeds from sale of other real estate owned | — | | 106 | ||
| Net cash used in investing activities | (89,261) | | (16,253) | ||
| | | | | | |
| Cash flows from financing activities: | | ||||
| Net increase in deposits | 155,677 | | 28,157 | ||
| Net decrease in mortgagors’ escrow deposits | 2,672 | | 2,431 | ||
| Repayment of FHLBNY borrowings, net | | (40,000) | | | — |
| Repurchase of common stock | | (4,881) | | | (1,075) |
| Purchase of employee restricted shares to fund statutory tax withholding | | (145) | | | — |
| Repayment of finance lease liability | | (52) | | | (52) |
| Net cash provided by financing activities | 113,271 | | 29,461 | ||
| | | | | | |
| Net increase in cash and cash equivalents | 25,547 | | 25,556 | ||
| Cash and cash equivalents at beginning of period | 96,521 | | 139,634 | ||
| Cash and cash equivalents at end of period | $122,068 | | $165,190 | ||
| | | | | | |
| Supplemental disclosure of cash flow information: | | | |||
| Cash paid during the period for: | | ||||
| Interest | $14,044 | | $5,843 | ||
| Income taxes | $3,500 | | $— | ||
| Non-cash investing and financing activity: | | | |||
| Loans transferred to other real estate owned | $595 | | $— | ||
| Right of use assets obtained in exchange for new finance lease liabilities | $— | | $26 | ||
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