| 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 | ||||||||
15,635 | 15,828 | 13,514 | 12,806 | 11,798 | 10,869 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation | ||||||||
638 | 643 | 636 | 594 | 554 | 497 | 0 | 0 | 0 |
Provision for loan losses | ||||||||
2,271 | 1,720 | 2,185 | 2,301 | 2,077 | 1,920 | 0 | 0 | 0 |
Net amortization of premium of securities | ||||||||
392 | 377 | 392 | 431 | 479 | 534 | 0 | 0 | 0 |
Net amortization of deferred loan costs and purchase premiums | ||||||||
-858 | -755 | -537 | -170 | -513 | -534 | 0 | 0 | 0 |
Net accretion of acquisition accounting adjustments | ||||||||
641 | 487 | 0 | 0 | 0 | - | - | - | - |
Gain on sale of available-for-sale securities | ||||||||
0 | - | - | - | - | - | - | - | - |
Loss on loans held for sale | ||||||||
0 | - | - | - | - | - | - | - | - |
Payments received on loans held for sale, net | ||||||||
0 | - | - | - | - | - | - | - | - |
Amortization of subordinated debt issuance costs | ||||||||
80 | 80 | 80 | 80 | 80 | 80 | 0 | 0 | 0 |
Core deposits intangible amortization | ||||||||
375 | 385 | 395 | 306 | 213 | 118 | 0 | 0 | 0 |
Equity-based compensation expense | ||||||||
719 | 679 | 646 | 629 | 700 | 707 | 0 | 0 | 0 |
BOLI income | ||||||||
840 | 662 | 523 | 434 | 433 | 438 | 0 | 0 | 0 |
Changes in assets and liabilities: | ||||||||
Increase in accrued interest receivable, prepaid expenses and other assets | ||||||||
9,523 | 2,044 | 4,535 | 4,933 | 4,258 | 4,532 | 0 | 0 | 0 |
Increase (decrease) in accrued interest payable, accrued expenses and other liabilities | ||||||||
9,615 | 1,826 | 6,224 | 5,642 | 3,357 | 3,520 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
22,649 | 20,401 | 19,419 | 17,434 | 14,615 | 13,341 | 0 | 0 | 0 |
Cash Flows From Investing Activities | ||||||||
(Increase) decrease in interest-bearing deposits at other financial institutions | ||||||||
-32,043 | 15,834 | -42,716 | 5,459 | -22,587 | -15,047 | 0 | 0 | 0 |
Purchases of securities available-for-sale | ||||||||
- | 36,619 | 41,764 | 41,764 | 45,682 | 37,044 | 0 | 0 | 0 |
Proceeds from maturities and calls of securities available-for-sale | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds from redemptions of securities available-for-sale | ||||||||
23,197 | 21,055 | 19,021 | 17,727 | 16,694 | 16,938 | 0 | 0 | 0 |
Net purchase of restricted stock | ||||||||
1,217 | 718 | 826 | 188 | -225 | 470 | 0 | 0 | 0 |
Net increase in loans | ||||||||
116,673 | 147,195 | 124,079 | 137,210 | 116,242 | 106,324 | 0 | 0 | 0 |
Proceeds from sale of OREO | ||||||||
- | 358 | 0 | 0 | 0 | - | - | - | - |
Purchases of premises and equipment, net | ||||||||
365 | 311 | 456 | 453 | 634 | 743 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-163,190 | -164,601 | -169,783 | -137,642 | -139,439 | -114,261 | 0 | 0 | 0 |
Cash Flows From Financing Activities | ||||||||
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits | ||||||||
66,007 | 46,329 | 0 | 0 | 0 | - | - | - | - |
Net increase in noninterest-bearing, interest-bearing checking, savings, and money market deposits | ||||||||
- | - | - | - | - | - | - | - | 0 |
Net increase in time deposits | ||||||||
65,415 | 77,132 | 45,510 | 3,460 | -51,095 | -99,113 | 0 | 0 | 0 |
Decrease in federal funds purchased | ||||||||
0 | - | - | - | - | - | - | - | 0 |
Net increase in FHLB advances | ||||||||
0 | - | - | - | - | - | - | - | 0 |
Repurchase of shares of common stock | ||||||||
0 | - | - | - | - | - | - | - | - |
Common stock issuance | ||||||||
1,153 | 1,220 | 2,910 | 34,429 | 34,289 | 34,616 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||
150,295 | 149,681 | 160,849 | 129,099 | 129,969 | 102,927 | 0 | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||
9,754 | 5,481 | 10,485 | 8,891 | 5,145 | 2,007 | 0 | 0 | 0 |