| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income | ||||||||||||
7,576 | 12,457 | 12,736 | 11,658 | 12,010 | 10,603 | 12,129 | 11,226 | 11,102 | 20,420 | 17,748 | 18,921 | 12,295 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
669 | 617 | 672 | 664 | 665 | 705 | 700 | 694 | 714 | 724 | 716 | 728 | 735 |
Provision for loan losses | ||||||||||||
5,300 | 1,000 | -500 | 450 | 300 | 150 | 650 | 1,300 | 1,500 | 1,250 | 1,550 | -6,481 | 309 |
Amortization of deferred loan costs, net | ||||||||||||
-3,725 | -4,170 | -3,823 | -3,917 | -2,646 | -2,797 | -2,787 | -2,300 | -2,334 | -2,540 | -2,103 | -5,691 | 1,049 |
Amortization of premiums on investment securities, net | ||||||||||||
-487 | -543 | -381 | -296 | -362 | -311 | -499 | -497 | -563 | -634 | -1,471 | -464 | -231 |
Gain on sale of loans | ||||||||||||
0 | 0 | 77 | 197 | 333 | 0 | 140 | 0 | 0 | 0 | 4,133 | -693 | -163 |
Originations of loans held for sale | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 7,823 | 17,986 |
Proceeds from sale of loans held for sale | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 8,927 | 24,691 |
Stock based compensation expense, net of forfeitures | ||||||||||||
903 | 782 | 697 | 676 | 838 | 1,165 | 1,139 | 1,038 | 1,013 | 586 | 0 | 0 | 0 |
Change in fair value of mortgage servicing rights | ||||||||||||
395 | 309 | 189 | 317 | 146 | 276 | 268 | 256 | 131 | - | - | - | - |
Change in fair value of equity securities | ||||||||||||
188 | -55 | 88 | 167 | 144 | 0 | 0 | 0 | 0 | - | - | - | - |
Other items, net | ||||||||||||
40 | -505 | 13 | 370 | 0 | -127 | 7 | -3 | 37 | - | - | - | - |
Net increase in cash surrender value of life insurance | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 49 |
Effect of changes in: | ||||||||||||
Accrued interest receivable | ||||||||||||
9 | -744 | -389 | 655 | 1,072 | 160 | 1,750 | 2,173 | 1,236 | 999 | -659 | 1,387 | 1,033 |
Accrued interest payable | ||||||||||||
-266 | -437 | -1,664 | -474 | 1,169 | -667 | 1,670 | 975 | 548 | -331 | -1,080 | 1,794 | 96 |
Prepaid expenses and other assets | ||||||||||||
1,332 | 836 | 1,840 | 1,743 | -1,543 | 677 | 99 | -660 | 156 | -1,165 | 2,316 | 4,732 | -527 |
Other liabilities and accrued expenses | ||||||||||||
-1,423 | -58 | 4,894 | 1,744 | -868 | -1,087 | 6,762 | -3,814 | -6,761 | 5,794 | 3,502 | 4,773 | -7,522 |
Net cash provided by operating activities | ||||||||||||
15,797 | 20,910 | 20,719 | 16,116 | 17,262 | 11,675 | 24,608 | 12,962 | 9,715 | 25,186 | 20,231 | 21,589 | 11,408 |
Cash flows from investing activities: | ||||||||||||
Proceeds from maturities and paydowns of available for sale debt securities | ||||||||||||
92,128 | 32,931 | 23,201 | 16,059 | 16,263 | 16,515 | 20,848 | 19,457 | 20,965 | 23,655 | 29,466 | 40,272 | 20,449 |
Proceeds from maturities and paydowns of held to maturity debt securities | ||||||||||||
416 | 413 | 573 | 244 | 399 | 71 | 71 | 218 | 55 | 42 | 253 | 42 | 289 |
Purchases of available for sale debt securities | ||||||||||||
107,942 | 27,408 | 16,982 | 10,335 | 44,377 | 17,441 | 54,081 | 65,479 | 59,647 | 58,808 | 18,721 | 57,833 | 27,468 |
Net decrease (increase) in loans receivable | ||||||||||||
-46,956 | - | - | - | 69,765 | - | - | - | - | - | - | - | - |
Net increase in loans receivable | ||||||||||||
- | - | - | - | - | - | 191,608 | 432,305 | 287,028 | 374,070 | 288,275 | 265,876 | 307,966 |
Proceeds from loans held for sale previously classified as portfolio loans | ||||||||||||
0 | 6,574 | 10,629 | -2,166 | 53,772 | 0 | 19,604 | 0 | 0 | - | - | - | - |
Purchases of held to maturity debt securities | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 5,375 | 0 | 0 | 0 | 0 |
Purchase of loans | ||||||||||||
20,507 | 162,673 | 0 | 10,052 | 0 | - | - | - | - | - | - | - | - |
Redemption (purchase) of FHLB stock, net | ||||||||||||
-730 | -1 | -2,325 | 621 | 224 | 4,588 | -5,760 | -28 | 5,290 | -12,426 | 1,577 | 5,672 | 2,500 |
Purchase of premises and equipment | ||||||||||||
957 | 1,598 | 264 | 242 | 157 | 246 | 405 | 703 | 123 | 511 | 165 | 212 | 168 |
Net cash provided by (used in) investing activities | ||||||||||||
10,824 | 28,790 | 24,113 | -131,581 | -44,089 | -213,250 | -199,811 | -478,784 | -336,443 | -397,266 | 350,171 | -262,715 | -317,364 |
Cash flows from financing activities: | ||||||||||||
Net increase in customer deposits | ||||||||||||
50,659 | -127,285 | 127,512 | 152,659 | 80,791 | 57,096 | 351,789 | 478,129 | 162,788 | 87,827 | 182,236 | 60,533 | 286,673 |
Proceeds from long-term FHLB advances | ||||||||||||
126,500 | 0 | 175,100 | 125,000 | 75,000 | 225,000 | -75,000 | 325,000 | 100,000 | -230,000 | 230,000 | 0 | 100,000 |
Repayment of long-term FHLB advances | ||||||||||||
150,008 | 8 | 250,007 | 125,008 | 7 | 125,007 | 50,507 | 7 | 7 | - | - | - | - |
Net change in short-term FHLB advances | ||||||||||||
-1,500 | 1,500 | -16,700 | -40,800 | -108,500 | 81,000 | -63,100 | -332,400 | 68,900 | 11,593 | -381,906 | 202,093 | -54,406 |
Shares withheld for taxes on vested restricted stock | ||||||||||||
563 | 387 | 1,972 | 33 | 404 | 720 | 0 | 0 | 49 | 0 | 0 | 0 | 0 |
Shares repurchased | ||||||||||||
16,546 | 0 | 1,161 | 3,749 | 3,881 | 1,495 | 0 | 0 | 0 | - | - | - | - |
Cash paid for dividends | ||||||||||||
3,240 | 3,205 | 3,234 | 3,267 | 3,294 | 3,337 | 3,299 | 3,303 | 6,061 | 47,100 | 500 | 10,400 | 9,800 |
Net cash provided by financing activities | ||||||||||||
5,302 | -129,417 | 29,538 | 104,802 | 39,705 | 232,574 | 159,883 | 467,419 | 325,571 | 360,607 | -370,170 | 252,226 | 322,467 |
Increase in cash, cash equivalents and restricted cash | ||||||||||||
31,923 | - | - | - | 12,878 | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents, Period Increase (Decrease) | ||||||||||||
- | - | - | - | - | 30,999 | -15,320 | 1,597 | -1,157 | -11,473 | 232 | 11,100 | 16,511 |
Supplemental disclosure of cash flow information: Cash paid during the period for: | ||||||||||||
Interest | ||||||||||||
32,476 | 34,708 | 37,755 | 35,561 | 32,117 | 31,607 | 26,017 | 22,552 | 18,268 | 17,400 | 18,503 | 13,509 | 13,451 |
Income taxes | ||||||||||||
410 | 3,907 | 3,209 | 10,906 | 10 | 6,210 | 4,361 | 10,836 | 158 | 390 | -135 | 1,590 | 0 |
Non-cash investing activity: | ||||||||||||
Loans transferred to held for sale | ||||||||||||
0 | 6,574 | 0 | 8,192 | 53,559 | 0 | -1,972 | 21,575 | 0 | - | - | - | - |