| 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 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||||||||||
Net (loss) income | ||||||||||||||||||||
-7,602 | 6,832 | 3,895 | 4,935 | 2,372 | 10,490 | 14,252 | 14,253 | 12,453 | 71,730 | 12,862 | 9,795 | 6,112 | 5,480 | 3,478 | 123 | 4,683 | 5,714 | 2,899 | 3,935 | 8,053 |
Adjustments to reconcile net (loss) income to net cash used by operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
5,621 | 5,664 | 5,202 | 5,067 | 4,034 | 4,377 | 4,186 | 4,037 | 3,786 | 3,259 | 2,958 | 2,354 | 1,708 | 1,059 | 1,092 | 1,044 | 1,065 | 1,518 | 896 | 588 | 433 |
Provision for loan and lease credit losses | ||||||||||||||||||||
11,792 | - | - | - | 3,031 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Provision for loan and lease losses | ||||||||||||||||||||
- | - | - | - | - | 6,822 | -243 | 2,087 | 4,392 | 4,055 | 2,426 | 1,556 | 1,499 | 3,844 | 3,806 | 3,453 | 1,433 | 1,467 | 1,212 | 50 | 1,077 |
Amortization of premium on securities, net of accretion | ||||||||||||||||||||
-269 | -78 | -175 | -149 | -105 | -226 | -223 | -200 | -153 | -105 | -136 | -109 | -110 | -107 | -56 | -49 | -30 | -30 | -12 | -9 | -15 |
Amortization of discount on unguaranteed loans, net | ||||||||||||||||||||
- | - | - | - | - | - | - | - | -2,118 | - | -8 | -100 | -1,155 | -2,081 | -617 | -10 | -146 | 4,796 | -337 | -994 | -319 |
Deferred tax expense (benefit) | ||||||||||||||||||||
1,264 | 934 | 950 | 215 | -632 | -3,544 | -3,199 | 491 | 316 | 11,604 | -1,014 | -619 | 2,046 | -3,778 | 947 | -2,196 | 739 | 0 | 89 | 621 | 226 |
Originations of loans held for sale | ||||||||||||||||||||
274,678 | 293,165 | 256,544 | 249,016 | 206,440 | 252,994 | 205,188 | 318,768 | 302,522 | 264,876 | 252,327 | 302,424 | 329,990 | 312,228 | 230,120 | 215,218 | 256,077 | 294,391 | 267,965 | 248,508 | 223,905 |
Proceeds from sales of loans held for sale | ||||||||||||||||||||
203,340 | 146,681 | 141,871 | 88,050 | 80,931 | 120,538 | 352,165 | 336,632 | 277,279 | 235,066 | 181,991 | 238,642 | 227,667 | 282,638 | 232,444 | 150,110 | 172,638 | 236,750 | 190,197 | 137,134 | 180,991 |
Net gains on sale of loans held for sale | ||||||||||||||||||||
11,112 | 11,364 | 7,425 | 6,015 | 4,198 | 5,687 | 22,004 | 23,061 | 24,418 | 23,314 | 18,148 | 18,176 | 18,952 | 22,513 | 21,833 | 14,555 | 16,425 | 20,781 | 15,424 | 15,719 | 15,461 |
Net loss on sale of foreclosed assets | ||||||||||||||||||||
-49 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2 | -5 | 0 | -7 |
Net loss (gain) on loans accounted for under fair value option | ||||||||||||||||||||
-10,638 | - | - | - | 2,083 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net decrease (increase) in servicing assets | ||||||||||||||||||||
-1,833 | -2,218 | -4,104 | -2,637 | -3,317 | -1,620 | -3,428 | -431 | 822 | -1,094 | -283 | 91 | 1,590 | 2,265 | 1,275 | 1,077 | 3,147 | 3,640 | 607 | 1,526 | 3,458 |
Loss (gain) on sale of securities available-for-sale | ||||||||||||||||||||
-79 | 528 | 87 | 0 | 5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net gain on disposal of long-lived asset | ||||||||||||||||||||
- | 0 | 0 | 0 | 357 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gain on sale of investment in non-consolidated affiliate | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 3,782 |
Net loss on disposal of property and equipment | ||||||||||||||||||||
-38 | - | - | - | - | - | - | - | - | -2 | 0 | 0 | -213 | 0 | 0 | 0 | 0 | -1 | 0 | -13 | -3 |
Equity method investments (income) loss | ||||||||||||||||||||
-2,478 | - | - | - | -2,014 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | -26 |
Equity security investments losses (gains), net | ||||||||||||||||||||
-64 | - | - | - | 103 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Stock option based compensation expense | ||||||||||||||||||||
366 | 413 | 440 | 400 | 470 | 403 | 501 | 346 | 463 | 290 | 572 | 468 | 456 | 597 | 579 | 581 | 592 | 551 | 431 | 177 | 118 |
Restricted stock expense | ||||||||||||||||||||
2,542 | 2,618 | 2,503 | 2,516 | 2,388 | 1,720 | 1,988 | 1,869 | 1,886 | 1,507 | 1,442 | 1,421 | 1,347 | 3,831 | 3,484 | 2,342 | 67 | 65 | 67 | 8 | 8 |
Stock based compensation expense tax shortfall | ||||||||||||||||||||
-34 | -62 | 13 | -68 | -8 | -9 | 86 | 10 | 14 | -71 | 199 | 0 | 874 | - | - | - | - | - | - | - | - |
Stock based compensation expense excess tax benefits | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - |
Business combination contingent consideration fair value adjustment | ||||||||||||||||||||
- | - | - | - | - | 0 | 0 | 0 | -260 | 1,600 | 0 | 150 | 200 | 0 | 0 | 0 | 0 | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||||||||||
Lease right-of-use assets and liabilities, net | ||||||||||||||||||||
12 | - | 15 | 12 | -114 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other assets | ||||||||||||||||||||
31,962 | 9,336 | 3,974 | -5,837 | -7,867 | 8,619 | -2,024 | -4,620 | 12,065 | 8,010 | 8,198 | 9,937 | -474 | 8,071 | -443 | 1,817 | -516 | 1,770 | -761 | 3,284 | -92 |
Other liabilities | ||||||||||||||||||||
-6,493 | 2,370 | 1,372 | 759 | -605 | -4,204 | 1,756 | -214 | 1,123 | -3,718 | 3,030 | 1,871 | -1,026 | -1,425 | 2,174 | 624 | -146 | 4,129 | -377 | -2,863 | 5,265 |
Net cash used by operating activities | ||||||||||||||||||||
-91,520 | -141,119 | -101,102 | -143,916 | -107,788 | -132,446 | 155,754 | 24,317 | -36,104 | -31,301 | -73,753 | -74,778 | -107,697 | -47,489 | -4,049 | -76,526 | -93,886 | -68,860 | -87,479 | -128,371 | -49,973 |
Cash flows from investing activities | ||||||||||||||||||||
Purchases of securities available-for-sale | ||||||||||||||||||||
52,757 | 22,844 | 24,427 | 7,445 | 198,384 | 19,762 | 10,834 | 23,542 | 293,046 | 30,062 | 6,606 | 6,384 | 19 | 12,475 | 10,147 | 12,356 | 2,443 | 9,490 | 9,512 | 4,025 | 1,900 |
Proceeds from sales, maturities, calls, and principal paydown of securities available-for-sale | ||||||||||||||||||||
26,214 | 48,085 | 34,260 | 16,397 | 12,548 | 19,818 | 17,086 | 14,922 | 4,805 | 12,506 | 2,720 | 2,205 | 2,262 | 10,375 | 6,446 | 1,428 | 890 | 6,874 | 8,742 | 3,735 | 629 |
Proceeds from SBA reimbursement/sale of foreclosed assets | ||||||||||||||||||||
613 | 72 | 331 | 0 | 393 | - | - | - | - | - | - | - | - | 541 | 589 | 39 | 52 | -1 | 184 | 0 | 330 |
Business combination, net of cash acquired | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 12 | 101 | 7,583 | 0 | 0 | 0 | 0 | - | - | - | - |
Maturities of certificates of deposit with other banks | ||||||||||||||||||||
- | - | - | - | - | 250 | 1,500 | 0 | 750 | 250 | 2,500 | 250 | 1,250 | 500 | 1,000 | 500 | 1,250 | 0 | 0 | 0 | 0 |
Proceeds from sale of investment in non-consolidated affiliate | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 9,896 |
Net cash acquired in consolidation of equity method investment | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 319 |
Loan and lease originations and principal collections, net | ||||||||||||||||||||
152,559 | 109,300 | 138,520 | 144,964 | 113,064 | 113,528 | 114,372 | 126,355 | 91,388 | 112,050 | 81,483 | 100,640 | 91,378 | 140,381 | 74,576 | 88,904 | -8,742 | -17,640 | -151,087 | 57,527 | 26,725 |
Proceeds from sale of long-lived asset | ||||||||||||||||||||
- | 0 | 0 | 0 | 10,895 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Purchases of premises and equipment, net | ||||||||||||||||||||
737 | 7,194 | 2,180 | 14,508 | 13,315 | 23,491 | 26,614 | 19,532 | 41,685 | 52,719 | 7,938 | 25,822 | 37,660 | 9,695 | 761 | 182 | 251 | 1,157 | 6,227 | 19,787 | 3,281 |
Net cash used by investing activities | ||||||||||||||||||||
-179,226 | -91,181 | -130,536 | -150,520 | -300,927 | -143,328 | -132,398 | -154,295 | -420,564 | -180,627 | -90,769 | -130,492 | -133,128 | -151,385 | -77,449 | -99,475 | 8,240 | 13,616 | -24,230 | 37,472 | 32,718 |
Cash flows from financing activities | ||||||||||||||||||||
Net increase in deposits | ||||||||||||||||||||
413,026 | 209,855 | 297,670 | 193,192 | 378,822 | 225,295 | -44,948 | -4,105 | 713,078 | 247,372 | 141,170 | 232,578 | 154,067 | 82,059 | 262,220 | 125,332 | 210,677 | 42,160 | 35,282 | 171,263 | 34,003 |
Proceeds from borrowings | ||||||||||||||||||||
50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of borrowings | ||||||||||||||||||||
2 | - | - | - | 49 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from long term borrowings | ||||||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 18 | - | 0 | 16,900 | 0 | - | - | - | - | 0 | -8,362 | 12,854 | 8,468 |
Repayment of long term borrowings | ||||||||||||||||||||
- | - | - | - | - | - | 1,879 | 104 | 23,093 | - | 25,301 | 300 | 370 | 231 | 99 | 98 | 104 | 13,704 | 4,049 | 8,574 | 107 |
Proceeds from short term borrowings | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 10,000 | 13,100 | 0 | 0 | 0 | 0 | - | - | - | - |
Repayment of short term borrowings | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 6,100 |
Stock option exercises | ||||||||||||||||||||
258 | 221 | 115 | 158 | 14 | 39 | 335 | 561 | 691 | 424 | 146 | 270 | 186 | 254 | 40 | 59 | 48 | 24 | 61 | 138 | 16 |
Employee stock purchase program | ||||||||||||||||||||
232 | 0 | 255 | 0 | 182 | 0 | 177 | 0 | 165 | 0 | 204 | 0 | 241 | 0 | 0 | 0 | 0 | - | - | - | - |
Withholding cash issued in lieu of restricted stock | ||||||||||||||||||||
48 | 181 | 142 | 81 | 5 | 48 | 213 | 184 | 311 | 0 | 63 | 0 | 4,828 | 0 | 0 | 0 | 0 | - | - | - | - |
Shareholder dividend distributions | ||||||||||||||||||||
1,209 | 1,208 | 1,208 | 1,206 | 1,205 | 1,205 | 1,204 | 1,201 | 1,199 | 1,196 | 1,196 | 692 | 692 | 685 | 684 | 342 | 1,026 | 510 | 0 | 859 | 1,363 |
Net cash provided by financing activities | ||||||||||||||||||||
462,257 | 207,393 | 296,639 | 192,014 | 377,759 | 224,032 | -47,732 | -5,033 | 689,349 | 246,292 | 218,056 | 253,756 | 161,704 | 81,397 | 261,477 | 124,951 | 209,595 | 27,970 | 110,103 | 174,822 | 34,917 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||||||||||
191,511 | -24,907 | 65,001 | -102,422 | -30,956 | -51,742 | -24,376 | -135,011 | 232,681 | 34,364 | 53,534 | 48,486 | -79,121 | -117,477 | 179,979 | -51,050 | 123,949 | -27,274 | -1,606 | 83,923 | 17,662 |
Supplemental disclosures of cash flow information | ||||||||||||||||||||
Interest paid | ||||||||||||||||||||
23,858 | 24,317 | 23,572 | 21,554 | 17,837 | 15,508 | 14,290 | 13,940 | 10,368 | 7,463 | 7,069 | 6,022 | 4,836 | 4,396 | 3,940 | 3,490 | 2,690 | 2,339 | 2,349 | 2,237 | 1,915 |
Income tax paid (received) | ||||||||||||||||||||
362 | -1,201 | -23,531 | 26,093 | -13,654 | 2,133 | -925 | 291 | 251 | - | - | - | - | - | - | - | - | - | - | - | - |
Income tax | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 2,828 | 2,499 | 2,963 | 595 | 2,181 | 1,014 | 2,138 | 7,200 | 1,974 |
Supplemental disclosures of noncash operating, investing, and financing activities | ||||||||||||||||||||
Unrealized holding gains on available-for-sale securities, net of taxes | ||||||||||||||||||||
6,025 | -4,528 | 3,375 | 11,884 | 2,670 | 4,931 | -1,592 | -1,494 | -2,245 | -413 | -103 | 180 | -45 | -782 | -71 | 154 | 239 | -279 | 86 | -208 | 124 |
Transfers from loans and leases to foreclosed real estate and other repossessions | ||||||||||||||||||||
1,764 | 0 | 0 | 4,351 | 707 | 0 | 0 | 108 | 238 | 743 | 168 | 437 | 58 | 0 | 0 | 0 | 406 | 1,916 | 700 | 0 | 0 |
Net transfers between foreclosed real estate and SBA receivable | ||||||||||||||||||||
30 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Right-of-use assets obtained in exchange for lessee operating lease liabilities | ||||||||||||||||||||
- | 0 | 0 | 0 | 2,241 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Transfers of loans accounted for as secured borrowing collateral to other assets | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | -99 | 4,674 |
Transfer of loans held for sale to loans and leases held for investment | ||||||||||||||||||||
35,233 | 52,747 | 78,912 | 96,250 | 50,055 | 88,081 | 23,411 | 8,061 | 11,713 | 57,930 | 1,564 | 493 | 3,656 | 245 | 3,059 | 322,500 | 13,763 | 1,623 | 10 | 5,106 | 2,294 |
Transfer of loans and leases held for investment to loans held for sale | ||||||||||||||||||||
2,949 | 3,131 | 12,615 | 14,476 | 8,845 | 4,174 | 38,366 | 44,843 | 6,771 | 544 | 580 | 16,768 | 1,642 | 0 | 448 | 1,096 | 752 | 1,114 | -2,385 | 3,144 | 1,370 |
Business combination: | ||||||||||||||||||||
Assets acquired (excluding goodwill) | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 5,766 | 0 | 0 | 0 | 0 | - | - | - | - |
Liabilities assumed | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 4,681 | 0 | 0 | 0 | 0 | - | - | - | - |
Purchase price | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 12 | 101 | 8,250 | 0 | 0 | 0 | 0 | - | - | - | - |
Goodwill recorded | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 12 | 101 | 7,165 | 0 | 0 | 0 | 0 | - | - | - | - |