| Dec'19 | Dec'18 | Dec'17 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
8,009 | 5,647 | 2,023 | ||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||
Depreciation and amortization | ||||||
1,671 | 2,222 | 2,447 | ||||
Legal settlement | ||||||
- | - | -244 | ||||
Deferred income tax expense (benefit) | ||||||
-1,216 | 1,806 | 2,671 | ||||
Total loss on sales/provision of other real estate owned | ||||||
- | - | -311 | ||||
Stock-based compensation | ||||||
2,291 | 1,857 | 1,298 | ||||
Provision for loan losses | ||||||
662 | 180 | 788 | ||||
Net amortization of investment securities | ||||||
226 | 178 | 690 | ||||
Accretion of discounts on convertible subordinated debentures and promissory notes, net | ||||||
- | - | 18 | ||||
Stock dividends received on correspondent bank stock | ||||||
29 | 136 | 139 | ||||
Increase in cash surrender value of company-owned life insurance | ||||||
377 | 393 | 418 | ||||
Net gain on mortgage loans sold | ||||||
10,585 | 4,560 | 3,469 | ||||
Net gain on sales of securities | ||||||
- | - | 81 | ||||
Origination of mortgage loans held for sale | ||||||
640,575 | 388,348 | 301,959 | ||||
Proceeds from mortgage loans sold | ||||||
616,154 | 400,865 | 290,731 | ||||
Gain on sale of securities | ||||||
119 | - | - | ||||
Gain on sale of assets | ||||||
183 | - | -150 | ||||
Loss on impairment of goodwill | ||||||
1,572 | - | - | ||||
Net changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
746 | -1,100 | 907 | ||||
Accrued interest receivable and other assets | ||||||
-173 | 1,051 | 817 | ||||
Accrued interest payable and other liabilities | ||||||
-1,559 | 1,567 | -1,513 | ||||
Net cash provided by (used in) operating activities | ||||||
-21,513 | 17,800 | -5,430 | ||||
Cash flows from investing activities | ||||||
Activity in available-for-sale securities: | ||||||
Maturities, prepayments, and calls | ||||||
9,598 | 13,040 | 12,192 | ||||
Sales | ||||||
7,506 | - | - | ||||
Sales | ||||||
- | - | 58,565 | ||||
Purchases | ||||||
31,063 | 250 | 32,803 | ||||
Purchases of correspondent bank stock | ||||||
-1,286 | -6,609 | -6,975 | ||||
Redemption of correspondent bank stock | ||||||
3,218 | 5,812 | 7,328 | ||||
Purchases of premises and equipment | ||||||
415 | 714 | 499 | ||||
Net cash paid for acquisitions | ||||||
- | - | 1,000 | ||||
Payments received on promissory notes from related parties | ||||||
- | 3,701 | - | ||||
Proceeds from sales of other real estate owned | ||||||
- | - | 1,867 | ||||
Loan and note receivable originations and principal collections, net | ||||||
- | - | -140,727 | ||||
Loan and note receivable originations and principal collections, net | ||||||
103,937 | 78,051 | - | ||||
Net cash used in investing activities | ||||||
-116,379 | -63,071 | -102,052 | ||||
Cash flows from financing activities | ||||||
Net change in deposits | ||||||
149,026 | 121,641 | 62,217 | ||||
Proceeds from subordinated notes | ||||||
- | - | 285 | ||||
Payments on subordinated notes | ||||||
- | 6,875 | - | ||||
Proceeds from the exercise of stock options | ||||||
- | - | 6 | ||||
Proceeds from issuance of common stock, net | ||||||
- | 34,450 | 5,255 | ||||
Repurchase of common stock | ||||||
743 | - | - | ||||
Settlement of restricted stock | ||||||
110 | 181 | - | ||||
Payments on Credit Note payable | ||||||
- | - | -2,736 | ||||
Dividends paid on preferred stock | ||||||
- | 1,378 | 2,291 | ||||
Redemption of preferred stock Series A-C | ||||||
- | 20,783 | - | ||||
Redemption of preferred stock Series D | ||||||
- | 4,054 | - | ||||
Redemption costs | ||||||
- | 131 | - | ||||
Payments to Federal Home Loan Bank Topeka borrowings | ||||||
72,346 | 297,866 | - | ||||
Proceeds from Federal Home Loan Bank Topeka borrowings | ||||||
67,346 | 284,303 | - | ||||
Payments to Federal Home Loan Bank Topeka borrowings | ||||||
- | - | 347,683 | ||||
Proceeds from Federal Home Loan Bank Topeka borrowings | ||||||
- | - | 339,246 | ||||
Net cash provided by financing activities | ||||||
143,173 | 109,126 | 54,299 | ||||
Net change in cash and cash equivalents | ||||||
5,281 | 63,855 | -53,183 | ||||
Supplemental cash flow information: | ||||||
Interest paid on deposits and borrowed funds | ||||||
- | 12,922 | 5,615 | ||||
Income tax refunds received | ||||||
2,476 | 439 | 275 | ||||
Cash paid for amounts included in the measurement of lease liabilities | ||||||
5,351 | - | - | ||||
Supplemental noncash disclosures: | ||||||
Expiration of convertible subordinated debentures | ||||||
- | - | 4,749 | ||||
Reclass of promissory note to loans | ||||||
- | 2,091 | - | ||||
Available-for-sale reclass of equity securities | ||||||
- | 703 | - | ||||
Reclass of held for sale intangibles net of liabilities | ||||||
3,436 | - | - | ||||
Adoption of ASU 2018-02 - Reclassification of stranded tax effects | ||||||
235 | - | - | ||||
Lease right-of-use-asset obtained in exchange for lease liabilities | ||||||
16,580 | - | - | ||||
Reclass of unrealized loss on equity securities | ||||||
- | 41 | - | ||||