| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||
Net Income (Loss) Attributable to Parent | |||||||||
27,146 | 8,235 | 11,847 | 11,456 | 8,025 | 10,342 | 9,053 | 4,527 | -14,737 | 7,041 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||
Provision for loan losses | |||||||||
5,700 | 0 | 0 | - | 150 | -6,300 | 1,100 | 15,600 | 42,800 | 38,600 |
Depreciation | |||||||||
4,243 | 3,810 | 3,816 | 4,035 | 3,776 | 2,369 | 2,287 | 2,276 | 2,195 | 2,115 |
Deferred income tax expense | |||||||||
5,346 | 26,121 | 4,947 | 4,581 | 2,286 | 4,378 | 1,607 | -537 | -11,695 | -13,050 |
Net amortization and accretion | |||||||||
-6,828 | -5,950 | -6,658 | -3,986 | -4,806 | -1,272 | -210 | -187 | -170 | -72 |
Debt and Equity Securities, Gain (Loss) | |||||||||
0 | 0 | 22 | 0 | - | - | - | - | - | - |
Gain from sales of securities available for sale | |||||||||
- | - | - | - | 61 | 10 | 0 | - | 430 | -191 |
Gain on sale and impairment of REO | |||||||||
- | - | - | - | - | - | - | - | 3,825 | 205 |
Gain from business combination | |||||||||
- | - | - | - | - | - | - | - | 5,844 | -17,391 |
Gain (Loss) on Sale of Mortgage Loans | |||||||||
6,218 | 4,276 | 2,674 | 1,643 | 1,651 | 1,603 | 3,751 | -2,900 | -2,729 | -2,079 |
Origination of loans held for sale | |||||||||
190,870 | 143,755 | 134,258 | 91,963 | 74,353 | 73,501 | 227,117 | -196,708 | -155,090 | -131,632 |
Proceeds from sales of loans held for sale | |||||||||
174,973 | 143,350 | 137,108 | 93,697 | 72,667 | 87,895 | 230,885 | 193,391 | 160,009 | 143,881 |
Increase in deferred loan costs, net | |||||||||
768 | -181 | 1,317 | 349 | 1,363 | 7 | - | - | - | - |
Decrease in deferred loan fees, net | |||||||||
- | - | - | - | - | - | -513 | -853 | -285 | - |
Increase (decrease) in deferred loan fees, net | |||||||||
- | - | - | - | - | - | - | - | - | 77 |
Decrease in accrued interest receivable and other assets | |||||||||
4,835 | 1,246 | 2,727 | -8,295 | 1,343 | 781 | -4,240 | 3,523 | 7,050 | -4,980 |
Core deposit intangible amortization | |||||||||
2,029 | 2,645 | 2,823 | 2,907 | 2,547 | 166 | 86 | - | - | - |
Gain (Loss) on Disposition of Property Plant Equipment | |||||||||
0 | 164 | 385 | 10 | 0 | - | - | 1,503 | - | - |
Federal Home Loan Bank advance prepayment penalty | |||||||||
- | - | - | - | - | - | 3,069 | 2,111 | 3,988 | - |
Loss on sale and impairment of REO | |||||||||
-439 | -127 | -300 | -534 | -28 | -646 | -951 | - | - | - |
Loss on sale and impairment of real estate owned | |||||||||
- | - | - | - | - | - | - | 3,040 | - | - |
Bank Owned Life Insurance Income | |||||||||
2,103 | 2,117 | 2,088 | 1,643 | 1,651 | 1,722 | 1,553 | -1,037 | - | - |
ESOP compensation expense | |||||||||
1,422 | 1,367 | 1,186 | 983 | 827 | 844 | 749 | - | - | - |
Decrease (increase) in income taxes receivable | |||||||||
- | - | - | - | - | - | - | - | - | -6,967 |
Decrease in other liabilities | |||||||||
- | - | - | - | - | - | - | - | 3,820 | 7,656 |
Restricted stock and stock option expense | |||||||||
1,601 | 3,027 | 4,166 | 2,939 | 2,821 | 2,623 | 1,113 | - | - | - |
Increase in other liabilities | |||||||||
-3,615 | -13 | -949 | -912 | -5,685 | -307 | 1,935 | -873 | - | - |
Net cash provided by (used in) operating activities | |||||||||
7,662 | 31,342 | 15,115 | 28,921 | 2,214 | 23,760 | 23,931 | 19,870 | 32,707 | 23,213 |
Investing Activities: | |||||||||
Purchase of securities available for sale | |||||||||
34,675 | 0 | 15,082 | - | - | - | - | - | - | - |
Purchase of securities available for sale | |||||||||
- | - | - | 66,000 | 135,830 | 81,565 | 6,000 | -12,539 | -35,260 | -16,828 |
Proceeds from Sale of Debt Securities, Available-for-sale | |||||||||
0 | 0 | 19,279 | - | - | - | - | - | - | - |
Proceeds from sales of securities available for sale | |||||||||
- | - | - | 0 | 10,387 | 2,086 | 0 | - | 8,555 | 24,916 |
Proceeds from maturities of securities available for sale | |||||||||
38,430 | 20,675 | 27,145 | 100,836 | 41,340 | 45,225 | 6,100 | 37,332 | 29,833 | 22,000 |
Net purchases of commercial paper | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Net purchases of commercial paper | |||||||||
5,824 | 75,202 | -81,821 | -28,004 | 255,727 | 0 | 0 | - | - | - |
Purchase of certificates of deposit in other banks | |||||||||
18,154 | 17,201 | 41,988 | 49,638 | 101,904 | 45,132 | 79,927 | -35,816 | -103,057 | -96,314 |
Maturities of certificates of deposit in other banks | |||||||||
33,086 | 82,538 | 71,476 | 98,755 | 55,055 | 17,969 | 51,320 | 46,652 | 83,351 | 103,491 |
Principal repayments of mortgage-backed securities | |||||||||
31,627 | 20,471 | 23,919 | 24,165 | 19,447 | 9,850 | - | - | - | - |
Principal repayments of mortgage-backed securities | |||||||||
- | - | - | - | - | - | 6,101 | 3,067 | 5,500 | 7,574 |
Net redemptions (purchases) of other investments | |||||||||
3,447 | -2,141 | 7,255 | 775 | 24,223 | -3,239 | -4,446 | - | 1,450 | - |
Net redemptions of FHLB Stock | |||||||||
- | - | - | - | - | - | - | 3,330 | - | - |
Net increase in loans | |||||||||
173,754 | 168,602 | 255,853 | 147,586 | 106,588 | -30,011 | -54,445 | 53,296 | -23,195 | -13,112 |
Purchase of BOLI | |||||||||
137 | 76 | 273 | 4,481 | 260 | 0 | 16,000 | -31,000 | - | - |
Proceeds from redemption of BOLI | |||||||||
14 | 146 | 0 | 3,620 | 707 | 0 | - | - | - | - |
Proceeds from redemption of bank owned life insurance | |||||||||
- | - | - | - | - | - | - | 21,580 | - | - |
Cash received from business combination | |||||||||
- | - | - | - | - | - | - | - | 8,190 | - |
Cash received from business combinations | |||||||||
- | - | - | - | - | - | - | - | - | 22,815 |
Purchase of premises and equipment | |||||||||
2,124 | 3,458 | 2,821 | 801 | 4,937 | 1,688 | 1,581 | -3,218 | -2,399 | -1,542 |
Purchase of operating lease equipment | |||||||||
16,578 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of premises and equipment | |||||||||
0 | 923 | 395 | 69 | 0 | - | - | 1,745 | - | - |
Capital improvements to REO | |||||||||
0 | 30 | 11 | 99 | 94 | 236 | 542 | -316 | -696 | -237 |
Proceeds from sale of REO | |||||||||
1,047 | 3,883 | 3,277 | 2,822 | 9,741 | 10,592 | 11,061 | 9,688 | - | - |
Loans originated to finance the sale of REO | |||||||||
- | - | - | - | 460 | 94 | 651 | 1,452 | 6,209 | 3,611 |
Acquisition of United Financial of North Carolina, Inc. | |||||||||
0 | 225 | 200 | 0 | 0 | -1,475 | 0 | - | - | - |
Acquisition of TriSummit Bancorp, Inc., net of cash received | |||||||||
0 | 0 | -10,585 | 0 | 0 | -6,926 | 0 | - | - | - |
Acquisition of Bank of Commerce, net of cash received | |||||||||
- | - | - | - | 7,759 | 0 | 0 | - | - | - |
Acquisition of Bank of America branches, net of cash paid | |||||||||
- | - | - | - | 310,868 | 0 | 0 | - | - | - |
Proceeds from sale of real estate owned | |||||||||
- | - | - | - | - | - | - | - | 7,925 | 1,822 |
Net cash used in investing activities | |||||||||
-150,489 | -134,017 | -106,756 | -11,109 | -189,777 | -15,100 | 29,423 | 93,801 | -19,803 | 54,585 |
Financing Activities: | |||||||||
Net increase in deposits | |||||||||
131,004 | 147,802 | -34,479 | -69,430 | -133,517 | -38,166 | -311,425 | 201,590 | -111,424 | 147,574 |
Net increase (decrease) in borrowings | |||||||||
45,000 | -61,500 | 158,031 | 16,000 | 409,828 | -10,673 | -25,334 | - | - | - |
Repayment of subordinated debentures | |||||||||
- | - | - | - | - | 10,000 | 0 | - | - | - |
Common stock repurchased | |||||||||
30,638 | 0 | 0 | 27,734 | 18,470 | 29,460 | - | - | - | - |
Cash dividends paid | |||||||||
3,176 | 0 | 0 | - | - | - | - | - | - | - |
Retired stock | |||||||||
205 | 494 | 569 | 223 | - | - | - | - | - | - |
Retired stock | |||||||||
- | - | - | - | -188 | -226 | - | - | - | - |
Proceeds from stock conversion | |||||||||
- | - | - | - | - | - | 208,204 | - | - | - |
Loan to ESOP for purchase of shares | |||||||||
- | - | - | - | - | - | 10,580 | - | - | - |
Common stock repurchased | |||||||||
- | - | - | - | - | - | 13,299 | - | - | - |
Exercised stock options | |||||||||
1,173 | 651 | 3,068 | 32 | 259 | 0 | 0 | - | - | - |
Net increase (decrease) in other borrowings | |||||||||
- | - | - | - | - | - | - | -125,124 | 16,368 | -147,501 |
Decrease in capital lease obligations | |||||||||
34 | 23 | 21 | 21 | 19 | 18 | 8 | -7 | -7 | -7 |
Net cash provided by financing activities | |||||||||
143,124 | 86,436 | 126,030 | -81,376 | 257,893 | -88,543 | -152,442 | 76,459 | -95,063 | 66 |
Net Increase in Cash and Cash Equivalents | |||||||||
297 | -16,239 | 34,389 | - | - | - | - | - | - | - |
Net Increase in Cash and Cash Equivalents | |||||||||
- | - | - | -63,564 | 70,330 | -79,883 | -99,088 | 190,130 | -82,159 | 77,864 |
Supplemental Disclosures: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
28,997 | 15,716 | 7,980 | - | - | - | - | - | - | - |
Interest | |||||||||
- | - | - | 6,468 | 4,964 | 5,271 | 7,414 | 11,981 | 18,990 | 25,648 |
Income taxes | |||||||||
1,549 | 887 | 383 | 428 | 222 | 150 | 123 | 97 | 52 | 2,475 |
Noncash transactions: | |||||||||
Unrealized gain in value of securities available for sale, net of income taxes | |||||||||
2,331 | -1,871 | -2,070 | 1,473 | - | - | - | - | - | - |
Unrealized loss in value of securities available for sale, net of income taxes | |||||||||
- | - | - | - | 625 | 274 | -210 | 189 | -622 | 188 |
Real Estate Owned, Transfer to Real Estate Owned | |||||||||
731 | 1,346 | 2,417 | 2,189 | 2,288 | 9,645 | 7,730 | - | - | - |
Transfer of loans to REO | |||||||||
15,607 | 4,415 | 0 | 0 | - | - | - | - | - | - |
Transfer of loans held for sale to total loans | |||||||||
- | - | - | - | 9,139 | 0 | 0 | 16,137 | - | - |
Transfers of loans to real estate owned | |||||||||
- | - | - | - | - | - | - | - | 13,473 | 17,857 |
Transfer of one-to-four family loans to held for sale | |||||||||
5,794 | 0 | 0 | - | - | 4,340 | 0 | - | - | - |
Assets acquired | |||||||||
0 | 0 | 364,504 | 0 | 463,959 | - | - | - | - | - |
Liabilities assumed | |||||||||
0 | 0 | 328,378 | 0 | 444,154 | - | - | - | - | - |
Net assets acquired | |||||||||
0 | 0 | 36,126 | 0 | 19,805 | - | - | - | - | - |
Assets acquired | |||||||||
- | - | - | - | - | 600,022 | 0 | - | - | - |
Liabilities assumed | |||||||||
- | - | - | - | - | 539,979 | 0 | - | - | - |
Assets acquired | |||||||||
- | - | - | - | - | - | - | - | 105,126 | - |
Liabilities assumed | |||||||||
- | - | - | - | - | - | - | - | 90,969 | - |