| 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 | ||||||||
16,510 | 16,895 | 15,308 | 13,974 | 13,096 | 12,767 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Provision for loan losses | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Provision for loan losses | ||||||||
- | - | - | - | - | 2,140 | 0 | 0 | 0 |
Provision for losses on mortgage loans sold | ||||||||
266 | 184 | 151 | 115 | 103 | 106 | 0 | 0 | 0 |
Provision for (recovery of) off balance sheet credit risk | ||||||||
228 | 173 | 234 | 156 | 93 | 152 | 0 | 0 | 0 |
Net amortization on investments | ||||||||
-197 | -160 | -155 | -143 | -153 | -225 | 0 | 0 | 0 |
Depreciation and amortization | ||||||||
0 | - | 0 | 0 | 0 | - | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||
840 | 795 | 739 | 683 | 626 | 570 | 0 | 0 | 0 |
Director and employee compensation paid in stock | ||||||||
151 | 301 | 323 | 324 | 524 | 496 | 0 | 0 | 0 |
Deferred income tax benefit | ||||||||
-783 | -839 | -179 | -125 | -161 | -141 | 0 | 0 | 0 |
Amortization of debt issuance expense | ||||||||
29 | 30 | 30 | 32 | 32 | 32 | 0 | 0 | 0 |
(Gain) loss on sale of securities available for sale | ||||||||
- | - | - | - | - | -2 | 0 | 0 | 0 |
Loss on sales of foreclosed real estate | ||||||||
- | - | - | - | - | -21 | 0 | 0 | 0 |
Mortgage banking revenue | ||||||||
17,596 | 15,955 | 13,089 | 10,640 | 9,424 | 9,477 | 0 | 0 | 0 |
Proceeds from sales of loans held for sale | ||||||||
664,085 | 556,640 | 443,967 | 347,567 | 330,008 | 354,417 | 0 | 0 | 0 |
Originations of loans held for sale | ||||||||
698,814 | 593,189 | 478,274 | 363,237 | 324,639 | 337,122 | 0 | 0 | 0 |
Changes in assets and liabilities: | ||||||||
Accrued interest receivable | ||||||||
529 | 308 | 475 | 731 | 809 | 595 | 0 | 0 | 0 |
Prepaid income taxes and taxes payable | ||||||||
-77 | -81 | -263 | -395 | -765 | -1,529 | 0 | 0 | 0 |
Other assets | ||||||||
2,028 | 418 | 10 | -143 | 557 | -4 | 0 | 0 | 0 |
Accrued interest payable | ||||||||
-292 | 236 | 441 | 821 | 581 | 481 | 0 | 0 | 0 |
Other liabilities | ||||||||
5,257 | 3,752 | 2,523 | 729 | 3,328 | 1,334 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
-25,070 | -26,346 | -24,136 | -6,496 | 17,159 | 28,302 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||
Maturities, calls and principal paydowns of securities available for sale | ||||||||
23,204 | 22,119 | 17,006 | 16,452 | 5,782 | 6,044 | 0 | 0 | 0 |
Proceeds from sale of securities available for sale | ||||||||
- | - | - | - | - | 345 | 0 | 0 | 0 |
Sales (purchases) of restricted investments | ||||||||
1,790 | 1,463 | 882 | 1,649 | -4 | 134 | 0 | 0 | 0 |
Net increase in loans receivable | ||||||||
184,035 | 173,942 | 185,408 | 135,891 | 108,748 | 114,140 | 0 | 0 | 0 |
Net disposals (purchases) of premises and equipment | ||||||||
485 | 303 | 0 | 0 | 0 | - | - | - | - |
Net purchases of premises and equipment | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from sales of foreclosed real estate | ||||||||
-1 | 49 | 150 | 398 | 398 | 357 | 0 | 0 | 0 |
Net cash used by investing activities | ||||||||
-198,414 | -188,847 | -174,133 | -126,239 | -103,739 | -109,263 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||
Net increase (decrease) in: | ||||||||
Noninterest-bearing deposits | ||||||||
101,188 | 49,518 | 59,284 | 42,123 | 50,677 | 45,624 | 0 | 0 | 0 |
Interest-bearing deposits | ||||||||
234,002 | 220,662 | 142,044 | 56,516 | 19,892 | 4,717 | 0 | 0 | 0 |
Securities sold under agreements to repurchase | ||||||||
-3,010 | -3,332 | -11,239 | -12,444 | -7,061 | -7,928 | 0 | 0 | 0 |
Federal funds purchased | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Federal funds purchased | ||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 |
Federal Home Loan Bank advances, net | ||||||||
28,889 | 30,222 | 20,556 | 38,889 | 0 | 2,000 | 0 | 0 | 0 |
Other borrowed funds | ||||||||
- | - | - | - | - | -2,000 | 0 | 0 | 0 |
Repurchase of common stock | ||||||||
1,654 | 371 | 0 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
588 | 595 | 809 | 712 | 865 | 1,043 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
360,003 | 295,294 | 212,622 | 143,559 | 82,290 | 63,373 | 0 | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||
136,519 | 80,101 | 14,353 | 10,824 | -4,290 | -17,588 | 0 | 0 | 0 |
Noncash activities: | ||||||||
Loans transferred to foreclosed real estate | ||||||||
3,252 | 2,291 | 57 | 57 | 296 | 427 | 0 | 0 | 0 |
Change in unrealized gains on investments | ||||||||
1,512 | 842 | 1,222 | 1,009 | -611 | -477 | 0 | 0 | 0 |
Change in fair value of cash flow hedging derivative | ||||||||
0 | -5 | -8 | -12 | -13 | -1 | 0 | 0 | 0 |
Establishment of lease right-of-use asset | ||||||||
0 | 5,158 | 5,158 | 5,158 | 5,158 | 0 | 0 | 0 | 0 |
Establishment of lease liability | ||||||||
0 | 5,358 | 5,358 | 5,358 | 5,358 | 0 | 0 | 0 | 0 |
Cash paid during the period for: | ||||||||
Taxes | ||||||||
5,451 | 5,451 | 5,106 | 4,466 | 2,656 | 2,655 | 0 | 0 | 0 |
Interest | ||||||||
16,617 | 15,606 | 14,409 | 12,815 | 11,954 | 10,758 | 0 | 0 | 0 |