Ponce Financial Group, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net income ($5.1m) $3.9m $25.4m ($30.0m) $3.4m $11.0m $28.7m
Amortization of premiums/discounts on securities, net $42k $7k $120k $342k ($118k) ($121k) ($56k)
Depreciation and amortization $2.2m $2.5m $2.5m $4.3m $4.5m $4.7m $4.8m
Deferred income taxes (benefit) ($2.1m) ($932k) $1.3m ($7.9m) $1.3m $2.2m ($634k)
Share-based compensation expense $1.3m $1.4m $1.4m $1.6m $1.9m $2.1m $1.9m
Loss on sale of real property ($4.2m) ($20.3m) $436k
Decrease in operating lease liabilities ($2.1m) ($2.4m) ($2.6m) ($2.7m)
Operating lease liabilities $36.7m
Gain on sale of loans $102k $62k ($69k) ($184k) ($558k) ($1.2m) ($1.0m)
Gain on derivatives ($166k) ($172k) ($22k)
Microloans (recoveries) write-off $17.9m ($1.5m) ($201k) $0
Provision for credit losses $2.7m $24.0m $973k $1.3m $3.8m
ESOP compensation expense $766k $540k $1.4m $1.4m $1.1m $1.5m $2.2m
Decrease (increase) in mortgage loans held for sale, at fair value ($1.0m) ($23.8m) $18.8m $13.9m ($7.4m) $292k $12.6m
Increase (decrease) in accrued interest receivable ($187k) ($7.4m) ($966k) ($2.7m) ($3.0m) $239k ($134k)
Decrease (increase) in other assets $1.4m ($10.0m) ($10.6m) ($11.8m) ($10.7m) $30k $7.6m
(Decrease) increase in accrued interest payable $34k ($37k) $168k $1.2m $10.6m ($8.3m) $76k
(Decrease) increase in advance payments by borrowers $311k $671k $638k $2.1m $1.1m ($429k)
Net (decrease) increase in other liabilities ($2.9m) $7.4m ($2.3m) ($2.5m) $7.4m ($3.3m) ($1.6m)
Net (purchase) redemption of FHLBNY Stock ($18.7m) $5.3m ($9.8m) ($127k)
Purchase of FRBNY stock ($34.0m) ($13.6m) ($109.9m) ($58.4m) ($10.7m)
Proceeds from maturities, calls and principal repayments on securities $39.6m $17.8m $9.3m $40.3m $61.0m $109.5m $113.5m
Placements with banks ($2.7m) $249k $996k $1.2m $0
Proceeds from sales of loans $3.6m $4.0m $14.4m $9.7m $2.8m $2.6m $7.8m
Net increase in loans ($41.2m) ($209.4m) ($162.7m) ($221.6m) ($402.7m) ($388.5m) ($329.2m)
Purchase of loans ($6.0m)
Purchases of premises and equipment ($3.8m) ($1.9m) ($4.2m) ($492k) ($411k) ($2.7m) ($978k)
Net increase in deposits ($27.7m) $247.5m $175.1m $47.7m $255.2m $377.2m $151.4m
Stock options exercised $2k $142k
Proceeds from issuance of preferred stock $225.0m
Repurchase of treasury stock ($15.8m) ($4.7m) ($1.6m) ($11.0m)
Contribution to the Ponce De Leon Foundation ($1.0m)
Net (repayments) proceeds from borrowings ($11.0m) $411.1m $167.0m ($88.3m) $0
Net advances on warehouse lines of credit $20.8m ($14.9m) ($15.1m)
Interest $12.3m $11.4m $8.1m $15.0m $50.0m $94.4m $85.6m
Income taxes $1.2m $531k $6.0m $173k $1.0m $2.2m $8.5m
ROU Assets $35.9m
Loans receivable $4.1m $824k ($4.6m)
Net cash provided by operating activities $5.0m ($27.5m) $18.6m $9.8m $6.5m $7.2m $55.6m
Net cash used in investing activities ($38.7m) ($204.6m) ($211.1m) ($777.1m) ($332.9m) ($294.9m) ($219.7m)
Dividends paid on preferred stock ($588k) ($1.1m)
Net cash provided by financing activities ($8.5m) $276.5m $274.4m $667.7m $411.2m $288.3m $150.4m
Net decrease (increase) in cash and cash equivalents ($42.1m) $44.4m $81.8m ($99.5m) $84.8m $649k ($13.7m)
Cash and cash equivalents at beginning of year $27.7m $72.1m $153.9m $54.4m $139.2m $139.8m $126.2m