Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net income (loss) $ 8,372 $ (1,235)
Adjustments to reconcile net income (loss) from operating activities:    
Depreciation and amortization 65 54
Change in deferred taxes 173 (428)
Unrealized gain on trading securities 1,627 940
Net gain on derivative (490) 0
Changes in operating assets and liabilities:    
Trading securities (15,515) (4,757)
Brokerage and other receivables (20,019) 250
Other assets (810) (1,884)
Loans issued (155) 2
Customer liabilities 8,813 1,813
Trade payables 7,017 312
Securities repurchase agreement obligation 17,720 5,922
Other liabilities 173 1,287
Current income tax liability (147) (50)
Cash flows from operating activities 6,824 2,226
Cash Flows From Investing Activities    
Purchase of fixed assets (484) (59)
Acquisition of FFIN Bank 0 (2,771)
Proceeds on sale of investments available-for-sale 0 (2)
Net cash flows used in investing activities (484) (2,832)
Cash Flows From Financing Activities    
Proceeds from issuance of debt securities 811 0
Repurchase of debt securities (153) 0
Proceeds from loans issued 6 1,379
Capital contributions 8,164 3,129
Net cash flows from financing activities 8,828 4,508
Effect of changes in foreign exchange rates on cash and cash equivalents (913) 479
NET CHANGE IN CASH AND CASH EQUIVALENTS 14,255 4,381
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 34,450 18,985
CASH AND CASH EQUIVALENTS, END OF PERIOD 48,705 23,366
Supplemental disclosure of cash flow information:    
Income tax paid 159 28
Cash paid for interest $ 1,844 $ 583