| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||
Net income | ||||||||
2,934 | 5,072 | 4,481 | 4,023 | 3,319 | 3,485 | 3,147 | 3,145 | 2,990 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Provision for loan losses | ||||||||
2,409 | - | - | - | 121 | - | - | - | - |
Provision for loan losses | ||||||||
- | - | - | - | - | 500 | 495 | 630 | 515 |
Provision for losses on mortgage loans sold | ||||||||
106 | 56 | 61 | 43 | 24 | 23 | 25 | 31 | 27 |
Provision for (recovery of) off balance sheet credit risk | ||||||||
45 | 35 | 45 | 103 | -10 | 96 | -33 | 40 | 49 |
Net amortization on investments | ||||||||
-68 | -47 | -50 | -32 | -31 | -42 | -38 | -42 | -103 |
Depreciation and amortization | ||||||||
522 | - | 275 | -25 | 594 | - | 249 | 282 | 264 |
Stock-based compensation expense | ||||||||
244 | 198 | 199 | 199 | 199 | 142 | 143 | 142 | 143 |
Director and employee compensation paid in stock | ||||||||
0 | 151 | 0 | 0 | 150 | 173 | 1 | 200 | 122 |
Deferred income tax benefit | ||||||||
-2 | -707 | -68 | -6 | -58 | -47 | -14 | -42 | -38 |
Amortization of debt issuance expense | ||||||||
7 | 7 | 7 | 8 | 8 | 7 | 9 | 8 | 8 |
(Gain) loss on sale of securities available for sale | ||||||||
- | - | - | - | - | 0 | 0 | 1 | -3 |
Loss on sales of foreclosed real estate | ||||||||
- | - | - | - | - | -4 | 0 | 0 | -17 |
Mortgage banking revenue | ||||||||
4,017 | 4,964 | 4,900 | 3,715 | 2,376 | 2,098 | 2,451 | 2,499 | 2,429 |
Proceeds from sales of loans held for sale | ||||||||
181,513 | 188,654 | 181,681 | 112,237 | 74,068 | 75,981 | 85,281 | 94,678 | 98,477 |
Originations of loans held for sale | ||||||||
180,421 | 185,738 | 198,019 | 134,636 | 74,796 | 70,823 | 82,982 | 96,038 | 87,279 |
Changes in assets and liabilities: | ||||||||
Accrued interest receivable | ||||||||
282 | 134 | -13 | 126 | 61 | 301 | 243 | 204 | -153 |
Prepaid income taxes and taxes payable | ||||||||
0 | -344 | 85 | 182 | -4 | -526 | -47 | -188 | -768 |
Other assets | ||||||||
2,347 | -894 | -39 | 614 | 737 | -1,302 | -192 | 1,314 | 176 |
Accrued interest payable | ||||||||
-123 | -312 | 74 | 69 | 405 | -107 | 454 | -171 | 305 |
Other liabilities | ||||||||
2,409 | 2,151 | 244 | 453 | 904 | 922 | -1,550 | 3,052 | -1,090 |
Net cash provided by operating activities | ||||||||
3,065 | 8,183 | -14,832 | -21,486 | 1,789 | 10,393 | 2,808 | 2,169 | 12,932 |
Cash flows from investing activities | ||||||||
Maturities, calls and principal paydowns of securities available for sale | ||||||||
2,276 | 6,584 | 2,091 | 12,253 | 1,191 | 1,471 | 1,537 | 1,583 | 1,453 |
Proceeds from sale of securities available for sale | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 345 |
Sales (purchases) of restricted investments | ||||||||
308 | -41 | -130 | 1,653 | -19 | -622 | 637 | 0 | 119 |
Net increase in loans receivable | ||||||||
17,892 | 33,474 | 84,196 | 48,473 | 7,799 | 44,940 | 34,679 | 21,330 | 13,191 |
Net disposals (purchases) of premises and equipment | ||||||||
71 | 925 | -260 | -251 | -111 | - | - | - | - |
Net purchases of premises and equipment | ||||||||
- | - | - | - | - | - | - | - | 449 |
Proceeds from sales of foreclosed real estate | ||||||||
0 | -1 | 0 | 0 | 50 | 100 | 248 | 0 | 9 |
Net cash used by investing activities | ||||||||
-15,995 | -58,160 | -81,715 | -42,544 | -6,428 | -43,446 | -33,821 | -20,044 | -11,952 |
Cash flows from financing activities | ||||||||
Net increase (decrease) in: | ||||||||
Noninterest-bearing deposits | ||||||||
71,646 | -1,601 | 13,894 | 17,249 | 19,976 | 8,165 | -3,267 | 25,803 | 14,923 |
Interest-bearing deposits | ||||||||
5,846 | 114,577 | 61,546 | 52,033 | -7,494 | 35,959 | -23,982 | 15,409 | -22,669 |
Securities sold under agreements to repurchase | ||||||||
0 | 0 | 0 | -3,010 | -322 | -7,907 | -1,205 | 2,373 | -1,189 |
Federal funds purchased | ||||||||
0 | - | - | - | 2,000 | - | - | - | - |
Federal funds purchased | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 |
Federal Home Loan Bank advances, net | ||||||||
-3,333 | -3,334 | -3,333 | 38,889 | -2,000 | -13,000 | 15,000 | 0 | 0 |
Other borrowed funds | ||||||||
- | - | - | - | - | 0 | 0 | 0 | -2,000 |
Repurchase of common stock | ||||||||
1,283 | 108 | 263 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
100 | 189 | 253 | 46 | 107 | 403 | 156 | 199 | 285 |
Net cash provided by financing activities | ||||||||
72,976 | 109,723 | 72,097 | 105,207 | 8,267 | 27,051 | 3,034 | 43,938 | -10,650 |
Net increase in cash and cash equivalents | ||||||||
60,046 | 59,746 | -24,450 | 41,177 | 3,628 | -6,002 | -27,979 | 26,063 | -9,670 |
Noncash activities: | ||||||||
Loans transferred to foreclosed real estate | ||||||||
1,018 | 2,234 | 0 | 0 | 57 | 0 | 0 | 239 | 188 |
Change in unrealized gains on investments | ||||||||
1,040 | 1 | 57 | 414 | 370 | 381 | -156 | -1,206 | 504 |
Change in fair value of cash flow hedging derivative | ||||||||
0 | 0 | 0 | 0 | -5 | -3 | -4 | -1 | 7 |
Establishment of lease right-of-use asset | ||||||||
0 | 0 | 0 | 0 | 5,158 | 0 | 0 | 0 | 0 |
Establishment of lease liability | ||||||||
0 | 0 | 0 | 0 | 5,358 | 0 | 0 | 0 | 0 |
Cash paid during the period for: | ||||||||
Taxes | ||||||||
1 | 1,045 | 1,685 | 2,720 | 1 | 700 | 1,045 | 910 | 0 |
Interest | ||||||||
4,180 | 4,652 | 4,096 | 3,689 | 3,169 | 3,455 | 2,502 | 2,828 | 1,973 |