As Reported Financial Statements

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q1 YTD 10-Q 3/31/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q1 YTD 10-Q 3/31/2019 USD

Cash flows from operating activities

Net income 658 1,422 1,804 1,770 323

Adjustments to reconcile net income to net cash provided by operating activities

Amortization of securities, net of accretion 42 37 144 177 21
Gain on equity securities NA NA NA NA (128)
Gain on sales and calls of available-for-sale securities, net (409) (1,004) (1,385) (493) 0
Writedown of available-for-sale securities 461 NA NA NA NA
Provision for loan losses 60 310 245 189 31
Change in net deferred loan costs (29) 77 (3) 32 (13)
Change in unamortized premiums 0 (372) (113) 65 29
Depreciation 97 85 187 149 42
Increase in accrued interest receivable (58) (132) (130) (76) (110)
Decrease in other assets (20) (4) (76) (606) 114
Decrease in other liabilities (34) 17 36 71 (14)
Deferred tax expense (68) 71 134 306 NA
Decrease in income taxes receivable NA NA NA NA 24
Income on bank-owned life insurance (140) (141) (162) (160) (27)
ESOP expense 107 116 136 147 35
Stock-based compensation expense 0 191 300 300 76
Net cash provided by operating activities 667 673 1,117 1,871 403

Cash flows from investing activities

Purchases of available-for-sale securities (15,451) (4,991) (4,214) (7,504) (1,310)
Proceeds from sales of available for sale securities 2,911 9,321 4,498 860 0
Proceeds from maturities and calls of available-for-sale securities 8,939 9,230 5,385 6,817 1,123
Purchase of interest-bearing time deposits with other banks NA NA 0 (675) NA
Purchases of Federal Home Loan Bank stock 0 (527) (836) (485) 0
Proceeds from redemption of Federal Home Loan Bank stock NA NA NA NA 509
Increase in Cooperative Central Bank deposit NA 0 (5) 5 0
Loan originations and principal collections, net (23,589) (18,286) (18,785) (16,886) 894
Loans purchased (2,835) (34,591) (19,496) (294) NA
Capital expenditures (69) (107) (932) (801) (11)
Premiums paid on bank-owned life insurance (53) (503) (54) (53) (13)
Net cash provided by (used in) investing activities (30,147) (40,454) (34,439) (19,016) 1,192

Cash flows from financing activities

Net increase (decrease) in demand deposits, NOW and savings accounts 1,366 3,969 5,640 5,636 2,603
Net increase (decrease) in time deposits 16,090 26,270 12,515 5,499 8,152
Proceeds from Federal Home Loan Bank advances 0 10,000 19,000 10,000 0
Repayment of advances from Federal Home Loan Bank NA NA 0 (5,000) (6,000)
Cash dividend paid NA NA 0 (817) (875)
Repurchase of Melrose Bancorp, Inc. common stock (613) (3,520) 0 (694) (2,512)
Shares repurchased for tax withholdings on stock-based compensation NA 0 (22) (24) NA
Stock options exercised NA NA 0 137 NA
Net cash provided by financing activities 16,843 36,719 37,133 14,737 1,368
Net increase in cash and cash equivalents (12,637) (3,062) 3,811 (2,408) 2,963
Cash and cash equivalents at beginning of the period 29,491 16,854 13,792 17,603 15,195
Cash and cash equivalents at end of the period 16,854 13,792 17,603 15,195 18,158

Supplemental disclosures

Interest paid 1,276 1,634 2,184 3,459 1,117
Income taxes paid 379 644 1,181 679 NA
Reclassification adjustment for stranded accumulated other comprehensive income due to tax rate change NA 0 42 0 NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.