| 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 | ||||||||
2,724 | 3,608 | 3,511 | 3,274 | 2,808 | 3,055 | 2,602 | 2,201 | 1,843 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Provision for loan losses | ||||||||
1,578 | 820 | 637 | 547 | 540 | 425 | 508 | 392 | 501 |
Depreciation and amortization | ||||||||
309 | 334 | 301 | 302 | 304 | 285 | 265 | 267 | 254 |
Loss on disposition of fixed assets | ||||||||
-3 | - | - | - | - | - | - | - | - |
Decrease in operating lease right-of-use assets | ||||||||
265 | 263 | 257 | 255 | 244 | - | - | - | - |
Decrease in operating lease liabilities | ||||||||
260 | 258 | 252 | 245 | 205 | - | - | - | - |
Gain on sales of loans | ||||||||
- | 0 | 369 | 132 | -11 | 122 | 0 | 78 | 64 |
Net discount accretion on investment securities | ||||||||
4 | 23 | 23 | 6 | 7 | 7 | 7 | 7 | 3 |
Stock-based compensation | ||||||||
129 | 106 | 110 | 109 | 106 | 79 | 79 | 81 | 71 |
Bank-owned life insurance earnings | ||||||||
49 | 50 | 49 | 48 | 47 | 48 | 48 | 46 | 46 |
Deferred tax (benefit) expense | ||||||||
-15 | -543 | 0 | 27 | -45 | -408 | 0 | 66 | -40 |
Net change in other assets and liabilities | ||||||||
-339 | -52 | -714 | 1,543 | 1,584 | -2,254 | -782 | 904 | -188 |
Total adjustments | ||||||||
2,295 | 727 | 1,155 | -729 | -683 | 2,490 | 1,579 | -229 | 861 |
Net cash provided by operating activities | ||||||||
5,019 | 4,335 | 4,666 | 2,545 | 2,125 | 5,545 | 4,181 | 1,972 | 2,704 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Net decrease in interest earning deposits with other banks | ||||||||
-31,208 | 22,566 | -47,913 | 154,198 | -127,292 | -9,422 | -15,441 | 3,555 | -5,523 |
Change in other investments, net | ||||||||
1,218 | - | - | - | -166 | - | - | - | - |
Purchase of other investments, net | ||||||||
- | - | - | - | - | - | - | 0 | 86 |
Principal paydowns of investment securities available-for-sale | ||||||||
8 | - | - | - | 18 | - | - | - | - |
Principal paydowns of investment securities available-for-sale | ||||||||
- | - | - | - | - | - | - | 21 | 36 |
Principal paydowns of investment securities held-to-maturity | ||||||||
56 | 25 | 25 | 25 | 14 | 27 | 14 | 18 | 82 |
Maturities and calls of investment securities available-for-sale | ||||||||
13,000 | - | - | - | - | - | - | - | - |
Purchase of participation loans | ||||||||
- | 843 | 238 | 0 | 7,000 | - | - | - | - |
Purchase of loans | ||||||||
- | - | - | - | - | 5,519 | 3,106 | 0 | 5,469 |
Increase in loans receivable, net | ||||||||
66,200 | - | - | - | 16,216 | - | - | - | - |
Increase in loans receivable, net | ||||||||
- | - | - | - | - | - | - | -10,279 | 16,289 |
Purchases of premises and equipment, net | ||||||||
1,399 | 301 | 535 | 223 | 154 | 639 | 147 | 230 | 133 |
Net cash used by investing activities | ||||||||
-86,961 | -43,023 | -66,833 | 95,774 | -150,464 | -33,603 | -59,126 | -19,010 | -27,382 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Net increase in demand deposits, NOW and money market, and savings | ||||||||
30,210 | 55,169 | 61,999 | -112,293 | 174,657 | 30,231 | 31,715 | 6,856 | 25,122 |
Net increase (decrease) in time deposits | ||||||||
6,893 | -9,459 | -7,894 | 3,941 | -1,775 | -1,339 | -1,461 | 10,344 | -1,149 |
Net repayments from short term FHLB borrowing | ||||||||
-10,000 | - | - | - | -20,000 | - | - | - | - |
Net advances from long term FHLB borrowing | ||||||||
24,999 | - | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | ||||||||
54 | 11 | 26 | 42 | 42 | - | - | - | - |
Net cash provided by financing activities | ||||||||
52,156 | 35,721 | 54,131 | -88,310 | 152,924 | 28,910 | 63,563 | 17,473 | 23,973 |
NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH | ||||||||
-29,786 | -2,967 | -8,036 | 10,009 | 4,585 | 852 | 8,618 | 435 | -705 |
SUPPLEMENTAL SCHEDULE OF OPERATING AND INVESTING ACTIVITIES | ||||||||
Interest paid | ||||||||
1,754 | 1,698 | 1,623 | 1,663 | 1,563 | 1,101 | 1,030 | 916 | 828 |
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS | ||||||||
Fair value adjustment of securities available-for-sale, gross | ||||||||
109 | 203 | 234 | 1,013 | 321 | 921 | -259 | 11 | -883 |
In conjunction with ASU 2016-02 as detailed in Note 6 to the Unaudited Consolidated Financial Statements, the following assets and liabilities were recognized: | ||||||||
Operating lease right-of-use assets | ||||||||
- | 0 | 0 | -128 | 9,549 | - | - | - | - |
Operating lease liabilities | ||||||||
- | 0 | 0 | -123 | 9,714 | - | - | - | - |