| 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 | ||||||||
3,470 | 3,563 | 3,709 | 3,431 | 3,247 | 3,668 | 2,352 | 1,503 | 1,686 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
Depreciation, amortization, and accretion, net | ||||||||
419 | 378 | 433 | 404 | 378 | 360 | 511 | 397 | 401 |
Deferred income tax benefit | ||||||||
-150 | -222 | -190 | 44 | -94 | -292 | -280 | -348 | -116 |
Provision for loan losses | ||||||||
350 | 358 | 185 | 750 | 325 | 496 | 600 | 1,395 | 635 |
Stock based compensation expense | ||||||||
376 | 256 | 261 | 256 | 270 | 248 | 203 | 219 | 213 |
Income from bank owned life insurance | ||||||||
199 | 181 | 106 | 106 | 105 | 107 | 105 | 109 | 106 |
Subordinated debt amortization expense | ||||||||
7 | 7 | 7 | 8 | 7 | 8 | 7 | 7 | 7 |
Gain on disposal of premises and equipment | ||||||||
14 | 0 | 8 | 0 | 59 | - | - | - | - |
Amortization of operating lease right-of-use assets | ||||||||
96 | - | - | - | 56 | - | - | - | - |
Change in: | ||||||||
Accrued interest receivable and other receivables | ||||||||
-611 | 37 | -313 | 23 | 503 | 229 | 224 | 757 | 89 |
Other assets | ||||||||
6,946 | 1,571 | 1,284 | 2,811 | 4,040 | 1,048 | -565 | 652 | 18 |
Other liabilities | ||||||||
7,528 | 2,199 | 1,891 | 318 | 5,039 | 1,664 | 168 | -681 | 330 |
Net cash provided by operating activities | ||||||||
5,548 | 4,750 | 5,211 | 2,210 | 4,521 | 4,872 | 3,807 | 969 | 2,943 |
Cash Flows from Investing Activities | ||||||||
Activity in available-for-sale securities: | ||||||||
Payments | ||||||||
2,284 | 1,598 | 1,984 | 443 | 806 | 1,400 | 938 | 930 | 986 |
Maturities | ||||||||
50,000 | - | - | - | 30,000 | - | - | - | - |
Maturities | ||||||||
- | - | - | - | - | - | - | 25,000 | 30,000 |
Purchases | ||||||||
61,318 | 56,302 | 49,987 | 25,621 | 43,984 | 37,912 | 59,978 | 0 | 27,025 |
Activity in held-to-maturity securities: | ||||||||
Refunded | ||||||||
- | 460 | 500 | 500 | 650 | - | - | - | - |
Purchases of restricted investment in bank stock | ||||||||
159 | 1,870 | 425 | 1,701 | 1,113 | 2,704 | 114 | 1,701 | 1,644 |
Redemption of restricted investment in bank stock | ||||||||
1,275 | 595 | 850 | 2,126 | 1,275 | 1,019 | 642 | 2,509 | 340 |
Net increase in loan portfolio | ||||||||
29,553 | 38,174 | 9,220 | 41,796 | 26,935 | 66,799 | 35,547 | 114,570 | 48,996 |
Proceeds from sale of premises and equipment | ||||||||
14 | 0 | 8 | 0 | 69 | - | - | - | - |
Purchases of premises and equipment | ||||||||
758 | 284 | 153 | 273 | 280 | 169 | 44 | 350 | 812 |
Net cash used in investing activities | ||||||||
-38,215 | -48,977 | -41,443 | -31,478 | -39,512 | -45,134 | -92,959 | -88,171 | -47,151 |
Cash Flows from Financing Activities | ||||||||
Net decrease in non-interest deposits | ||||||||
-11,728 | 34,620 | 16,682 | 7,661 | -18,005 | 19,763 | 12,159 | 15,032 | -6,777 |
Net increase in interest bearing demand, savings, and time deposits | ||||||||
83,316 | -27,561 | 36,751 | 36,643 | 64,695 | 10,482 | 76,231 | 95,536 | 30,056 |
Net decrease in Federal Home Loan Bank advances and other borrowings | ||||||||
30,000 | - | 10,000 | 10,000 | 10,000 | -10,000 | 15,117 | 19,012 | -10,349 |
Repurchases of common stock | ||||||||
990 | - | - | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||||
40,598 | 37,059 | 43,433 | 34,304 | 36,690 | 37,965 | 118,258 | 91,556 | 33,628 |
Increase in Cash and Cash Equivalents | ||||||||
7,931 | -7,168 | 7,201 | 5,036 | 1,699 | -2,297 | 29,106 | 4,354 | -10,580 |
Supplementary Disclosure of Cash Flow Information | ||||||||
Cash paid during the period for interest | ||||||||
4,653 | 5,275 | 5,095 | 5,199 | 3,929 | 4,241 | 4,061 | 2,118 | 1,648 |
Cash paid during the period for income taxes | ||||||||
- | - | - | - | - | -11 | 300 | 500 | 1,831 |
Right of use assets obtained in exchange for new operating lease liabilities | ||||||||
- | 4,046 | 0 | 0 | 2,647 | - | - | - | - |