| Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||
Net income | |||||||||||||||||
12,887 | 11,209 | 11,394 | 12,876 | 9,786 | 9,896 | 10,379 | 11,722 | 12,436 | 8,542 | 5,931 | 4,538 | 3,230 | 4,971 | 5,768 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash used by operating activities: | |||||||||||||||||
Provision for loan losses | |||||||||||||||||
4,741 | 3,877 | 3,828 | 3,086 | 3,375 | 2,959 | 2,416 | 3,112 | 3,901 | 4,232 | 4,172 | 2,731 | 1,346 | 1,212 | 1,257 | 0 | 0 | 0 |
Net amortization of securities premiums/discounts | |||||||||||||||||
-410 | -478 | -534 | -586 | -597 | -629 | -677 | -722 | -762 | -789 | -783 | -761 | -776 | -827 | -921 | 0 | 0 | 0 |
Net amortization of net deferred loan costs/fees and premiums | |||||||||||||||||
-3,156 | -3,178 | -3,418 | -3,650 | -3,947 | -4,356 | -4,718 | -5,099 | -5,480 | -5,774 | -6,111 | -6,292 | -6,575 | -6,895 | -7,110 | 0 | 0 | 0 |
Depreciation and amortization of premises and equipment | |||||||||||||||||
4,016 | 3,607 | 3,241 | 2,944 | 2,932 | 2,935 | 2,892 | 2,759 | 2,668 | 2,562 | 2,551 | 2,577 | 2,623 | 2,627 | 2,597 | 0 | 0 | 0 |
Change in mortgage servicing rights fair value | |||||||||||||||||
6,504 | 4,569 | 1,396 | -264 | -154 | 592 | 2,056 | -988 | -1,827 | -716 | 1,130 | 3,564 | 4,591 | 2,594 | 480 | 0 | 0 | 0 |
Mortgage servicing rights capitalized | |||||||||||||||||
1,828 | 2,104 | 2,521 | 2,058 | 2,365 | 2,437 | 2,844 | 3,883 | 5,826 | 7,861 | 8,561 | 8,402 | 7,519 | 5,117 | 3,522 | 0 | 0 | 0 |
Amortization of consumer servicing rights | |||||||||||||||||
33 | 39 | 42 | 47 | 50 | 52 | 54 | 56 | 61 | 65 | 68 | 70 | 67 | 69 | 74 | 0 | 0 | 0 |
Accretion of fair value adjustment on loans and deposits, net | |||||||||||||||||
-1,940 | -1,539 | -1,242 | -282 | -262 | -279 | -295 | -361 | -439 | -432 | -349 | -295 | -239 | -220 | -177 | 0 | 0 | 0 |
Amortization of other intangible assets | |||||||||||||||||
1,941 | 1,324 | 706 | 57 | 88 | 88 | 88 | 88 | 89 | 88 | 89 | -2,262 | 134 | 160 | 182 | 0 | 0 | 0 |
Amortization of subordinated debt issuance costs | |||||||||||||||||
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Bank-owned life insurance income | |||||||||||||||||
1,752 | 1,736 | 1,728 | 971 | 988 | 1,006 | 1,024 | 1,041 | 1,056 | 1,069 | 1,088 | 1,089 | 1,109 | 1,137 | 1,156 | 0 | 0 | 0 |
Gain on sale and call of securities, net | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 283 | 283 | 284 | 243 | 295 | 0 | 0 | 0 |
Income on retirement plan annuities | |||||||||||||||||
397 | 416 | 433 | 450 | 464 | 458 | 455 | 448 | 445 | 440 | 436 | 433 | 428 | 493 | 595 | 0 | 0 | 0 |
Gain on sale of portfolio loans | |||||||||||||||||
- | - | - | - | - | - | 36 | 36 | 36 | 257 | 365 | 0 | 0 | 0 | - | - | - | - |
Net (gain) loss on sale and write-down of other real estate owned and repossessed assets | |||||||||||||||||
138 | 133 | 15 | -5 | -134 | -126 | -98 | -126 | -41 | -51 | 72 | 40 | 366 | 355 | 244 | 0 | 0 | 0 |
Deferred income tax expense | |||||||||||||||||
0 | 0 | - | - | - | - | -698 | -559 | -1,194 | -1,375 | -1,262 | 600 | -406 | 1,169 | 1,139 | 0 | 0 | 0 |
ESOP expense | |||||||||||||||||
1,054 | 1,054 | 1,097 | 1,122 | 1,115 | 1,142 | 1,143 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Share-based compensation expense | |||||||||||||||||
- | 4,307 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net change in: | |||||||||||||||||
Loans held for sale | |||||||||||||||||
4,563 | -10,751 | -26,424 | -45,706 | -20,832 | -17,803 | -26,983 | -17,853 | -7,848 | -15,660 | 22,646 | 34,320 | 13,972 | -19,075 | -20,412 | 0 | 0 | 0 |
Other assets and liabilities, net | |||||||||||||||||
10,451 | -15,520 | -11,892 | -6,602 | -1,400 | -2,909 | 4,373 | -1,880 | -3,464 | -1,992 | -5,106 | -35,419 | -16,015 | 3,401 | 4,442 | 0 | 0 | 0 |
Net cash used by operating activities | |||||||||||||||||
15,198 | 52,538 | 61,165 | 76,293 | 44,259 | 42,124 | 43,875 | 38,199 | 27,459 | 32,653 | -4,315 | 13,214 | 14,373 | 28,338 | 29,358 | 0 | 0 | 0 |
Cash flows from investing activities: | |||||||||||||||||
Activity in securities available for sale: | |||||||||||||||||
Maturities, prepayments and calls | |||||||||||||||||
27,264 | 25,255 | 23,833 | 23,250 | 21,837 | 21,749 | 21,655 | 21,982 | 22,132 | 21,749 | 25,639 | 25,033 | 25,897 | 27,928 | 30,797 | 0 | 0 | 0 |
Purchases | |||||||||||||||||
64,602 | 59,582 | 64,691 | 55,645 | 51,740 | 41,733 | 56,163 | 75,005 | 63,986 | 68,968 | 43,708 | 14,162 | 14,163 | 24,271 | 42,682 | 0 | 0 | 0 |
Sales | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 8,735 | 8,735 | 36,098 | 36,099 | 30,730 | 0 | 0 | 0 |
Activity in securities held to maturity: | |||||||||||||||||
Maturities, prepayment and calls | |||||||||||||||||
12,205 | 6,659 | 3,839 | 3,042 | 3,118 | 3,149 | 3,719 | 4,162 | 4,487 | 15,607 | 15,373 | 15,278 | 15,113 | 4,500 | 4,398 | 0 | 0 | 0 |
Net redemption of FHLB stock | |||||||||||||||||
-434 | 2,596 | 9,437 | -3,093 | -1,046 | -4,325 | -217 | 1,101 | 3,278 | 383 | -2,986 | -4,380 | -6,243 | -1,841 | 104 | 0 | 0 | 0 |
Proceeds from sale of portfolio loans transferred to held for sale | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 39,831 | 0 | 0 | 0 | - | - | - | - |
Participation-in loan purchases | |||||||||||||||||
56,848 | 101,561 | 91,939 | 92,310 | 75,318 | 40,941 | 73,593 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Loan originations, net of principal payments | |||||||||||||||||
114,260 | 72,558 | 105,671 | 120,878 | 135,122 | 139,149 | 134,233 | 86,871 | 150,497 | 217,540 | 229,631 | 207,327 | 152,343 | 135,764 | 97,579 | 0 | 0 | 0 |
Proceeds from sale of other real estate owned and repossessed assets | |||||||||||||||||
2,506 | 2,321 | 1,638 | 1,877 | 1,261 | 1,861 | 2,192 | 2,004 | 2,418 | 1,984 | 2,349 | 2,689 | 3,651 | 3,606 | 3,310 | 0 | 0 | 0 |
Additions to property and equipment | |||||||||||||||||
7,079 | 6,543 | 5,545 | 3,783 | 2,944 | 2,876 | 3,186 | 3,035 | 2,831 | 2,389 | 2,138 | 1,983 | 1,719 | 1,696 | 1,486 | 0 | 0 | 0 |
Net cash used by investing activities | |||||||||||||||||
-136,923 | -176,535 | -215,903 | -244,350 | -243,910 | -191,660 | -237,437 | -262,716 | -310,300 | -351,292 | -254,389 | -151,118 | -51,480 | -64,874 | -79,564 | 0 | 0 | 0 |
Cash flows from financing activities: | |||||||||||||||||
Net increase in deposits | |||||||||||||||||
290,146 | 232,711 | 194,865 | 182,096 | 208,711 | 202,475 | 208,985 | 268,634 | 283,557 | 173,026 | 113,541 | 68,011 | 47,588 | 191,227 | 191,097 | 0 | 0 | 0 |
Net change in borrowed funds with maturities less than ninety days | |||||||||||||||||
-247,000 | -149,000 | -29,000 | 15,000 | 40,000 | -75,000 | -36,000 | 0 | 0 | 0 | - | - | - | - | -70,000 | 0 | 0 | 0 |
Proceeds from other borrowed funds and subordinated debt | |||||||||||||||||
- | - | 131,795 | 79,930 | 67,325 | 81,250 | 91,250 | 86,250 | 55,025 | 20,025 | 20,025 | 20,025 | 20,000 | 45,000 | 45,000 | 0 | 0 | 0 |
Repayment of other borrowed funds | |||||||||||||||||
86,259 | 86,254 | 116,254 | 106,254 | 85,004 | 55,004 | 40,004 | 15,004 | 15,004 | 89,504 | 74,504 | 104,504 | 104,504 | 30,004 | 55,004 | 0 | 0 | 0 |
Net change in mortgagors' escrow accounts | |||||||||||||||||
-85 | -204 | -670 | -875 | 260 | 1,468 | 187 | 187 | 766 | -425 | 548 | 834 | 278 | -165 | 439 | 0 | 0 | 0 |
Treasury stock purchased | |||||||||||||||||
- | - | 1,268 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | |||||||||||||||||
67,936 | 118,242 | 179,468 | 168,349 | 230,550 | 154,447 | 224,138 | 300,067 | 354,300 | 306,779 | 268,267 | 141,223 | -1,594 | 67,401 | 37,875 | 0 | 0 | 0 |
Net change in cash and cash equivalents | |||||||||||||||||
-53,789 | -5,755 | 24,730 | 292 | 30,899 | 4,911 | 30,576 | 75,550 | 71,459 | -11,860 | 9,563 | 3,319 | -38,701 | 30,865 | -12,331 | 0 | 0 | 0 |
Supplemental cash flow information: | |||||||||||||||||
Interest paid on deposits | |||||||||||||||||
28,002 | 25,091 | 20,423 | 16,463 | 13,937 | 12,067 | 10,922 | 10,080 | 9,343 | 8,943 | 8,694 | 8,617 | 8,750 | 8,736 | 8,703 | 0 | 0 | 0 |
Interest paid on borrowed funds | |||||||||||||||||
8,460 | 7,613 | 5,227 | 4,460 | 4,545 | 4,805 | 5,024 | 4,905 | 4,804 | 5,038 | 5,087 | 5,318 | 5,739 | 5,790 | 5,933 | 0 | 0 | 0 |
Income taxes paid, net | |||||||||||||||||
2,911 | 2,659 | 2,834 | 2,140 | 1,116 | 5,546 | 5,561 | 5,895 | 7,421 | 3,405 | 3,700 | 3,056 | 1,642 | 1,869 | 1,094 | 0 | 0 | 0 |
Transfer of loans to other real estate owned and repossessed assets | |||||||||||||||||
1,844 | 2,331 | 1,654 | 1,577 | 1,411 | 1,001 | 1,285 | 1,164 | 1,754 | 1,878 | 1,697 | 2,045 | 1,981 | 1,918 | 2,444 | 0 | 0 | 0 |
Transfer of loans to loans held for sale | |||||||||||||||||
- | - | - | - | - | - | 5,088 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase in MSRs due to change in accounting principle | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,725 | 0 | 0 | 0 |