Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities    
Net income $ 35,972  
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization 158  
Change in deferred taxes 1,154  
Unrealized gain on trading securities (28,733)  
Net gain on derivative (490)  
Changes in operating assets and liabilities:    
Due from bank 0  
Trading securities (70,883)  
Brokerage and other receivables (7,619)  
Other assets (1,374)  
Loans issued (146)  
Customer liabilities 7,149  
Trade payables (4)  
Securities repurchase agreement obligation 75,412  
Other liabilities 48  
Current income tax liability (145)  
Net cash flows from operating activities 10,499  
Cash Flows From Investing Activities    
Purchase of fixed assets (718)  
Proceeds from sale of fixed assets 8  
Acquisition of FFIN Bank 0  
Proceeds on sale of investments available-for-sale 0  
Net cash flows used in investing activities (710)  
Cash Flows From Financing Activities    
Proceeds from issuance of debt securities 10,497  
Repurchase of debt securities (6,613)  
Repayment of loans 0  
Capital contributions 8,464  
Net cash flows from financing activities 12,348  
Effect of changes in foreign exchange rates on cash and cash equivalents (3,461)  
NET CHANGE IN CASH AND CASH EQUIVALENTS 18,676  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 34,450  
CASH AND CASH EQUIVALENTS, END OF PERIOD 53,126  
Supplemental disclosure of cash flow information:    
Income tax paid 523  
Cash paid for interest $ 5,537  
(Recast)    
Cash Flows From Operating Activities    
Net income [1]   $ 1,103
Adjustments to reconcile net income from operating activities:    
Depreciation and amortization [1]   138
Change in deferred taxes [1]   (593)
Unrealized gain on trading securities [1]   (2,837)
Net gain on derivative [1]   0
Changes in operating assets and liabilities:    
Due from bank   32
Trading securities [1]   (16,158)
Brokerage and other receivables [1]   (441)
Other assets [1]   (51)
Loans issued [1]   9
Customer liabilities [1]   4,447
Trade payables [1]   366
Securities repurchase agreement obligation [1]   14,514
Other liabilities [1]   (109)
Current income tax liability [1]   (59)
Net cash flows from operating activities [1]   361
Cash Flows From Investing Activities    
Purchase of fixed assets [1]   (133)
Proceeds from sale of fixed assets [1]   13
Acquisition of FFIN Bank [1]   (2,771)
Proceeds on sale of investments available-for-sale [1]   6
Net cash flows used in investing activities [1]   (2,885)
Cash Flows From Financing Activities    
Proceeds from issuance of debt securities [1]   0
Repurchase of debt securities [1]   0
Repayment of loans [1]   1,421
Capital contributions [1]   4,914
Net cash flows from financing activities [1]   6,335
Effect of changes in foreign exchange rates on cash and cash equivalents [1]   370
NET CHANGE IN CASH AND CASH EQUIVALENTS [1]   4,181
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   18,985
CASH AND CASH EQUIVALENTS, END OF PERIOD   23,166
Supplemental disclosure of cash flow information:    
Income tax paid [1]   101
Cash paid for interest [1]   $ 1,373
[1] See Notes 1 and 3 for information regarding recast amounts and basis of financial statement presentation.