| 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 | ||||||||
7,716 | 8,009 | 7,161 | 6,444 | 6,088 | 5,647 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
Depreciation and amortization | ||||||||
1,403 | 1,671 | 1,878 | 2,083 | 2,193 | 2,222 | 0 | 0 | 0 |
Deferred income tax expense (benefit) | ||||||||
-1,042 | -1,216 | 663 | 1,078 | 1,802 | 1,806 | 0 | 0 | 0 |
Stock-based compensation | ||||||||
2,566 | 2,291 | 2,219 | 1,716 | 1,695 | 1,857 | 0 | 0 | 0 |
Provision for loan losses | ||||||||
835 | 662 | 565 | 483 | 561 | 180 | 0 | 0 | 0 |
Net amortization of investment securities | ||||||||
299 | 226 | 146 | 142 | 154 | 178 | 0 | 0 | 0 |
Stock dividends received on correspondent bank stock | ||||||||
28 | 29 | 50 | 79 | 102 | 136 | 0 | 0 | 0 |
Increase in cash surrender value of company-owned life insurance | ||||||||
374 | 377 | 379 | 383 | 393 | 393 | 0 | 0 | 0 |
Net gain on mortgage loans sold | ||||||||
11,610 | 10,585 | 8,800 | 6,668 | 4,765 | 4,560 | 0 | 0 | 0 |
Origination of mortgage loans held for sale | ||||||||
764,629 | 640,575 | 524,698 | 318,939 | 354,069 | 388,348 | 0 | 0 | 0 |
Proceeds from mortgage loans sold | ||||||||
725,667 | 616,154 | 481,168 | 324,283 | 361,468 | 400,865 | 0 | 0 | 0 |
Net loss on intangibles held for sale | ||||||||
0 | - | - | - | - | - | - | - | - |
Net changes in operating assets and liabilities: | ||||||||
Accounts receivable | ||||||||
39 | 746 | 242 | -786 | -951 | -1,100 | 0 | 0 | 0 |
Accrued interest receivable and other assets | ||||||||
-2,244 | -173 | -599 | 2,906 | 3,767 | 1,051 | 0 | 0 | 0 |
Accrued interest payable and other liabilities | ||||||||
-897 | -1,559 | -1,292 | 744 | 1,148 | 1,567 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||
-34,272 | -21,513 | -37,036 | 8,868 | 10,668 | 17,800 | 0 | 0 | 0 |
Cash flows from investing activities | ||||||||
Activity in available-for-sale securities: | ||||||||
Maturities, prepayments, and calls | ||||||||
12,773 | 9,598 | 7,579 | 7,315 | 7,983 | 13,040 | 0 | 0 | 0 |
Purchases | ||||||||
- | 31,063 | 0 | 0 | 0 | - | - | - | - |
Purchases of correspondent bank stock | ||||||||
-1,492 | -1,286 | -7,120 | -4,200 | -4,890 | -6,609 | 0 | 0 | 0 |
Redemption of correspondent bank stock | ||||||||
- | 3,218 | 0 | 0 | 0 | - | - | 0 | 0 |
Purchases of premises and equipment | ||||||||
533 | 415 | 569 | 826 | 757 | 714 | 0 | 0 | 0 |
Loan and note receivable originations and principal collections, net | ||||||||
112,580 | 103,937 | 69,131 | 94,549 | 111,707 | 78,051 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||
-113,644 | -116,379 | -82,755 | -96,793 | -109,985 | -63,071 | 0 | 0 | 0 |
Cash flows from financing activities | ||||||||
Net change in deposits | ||||||||
200,349 | 149,026 | 230,265 | 161,435 | 159,874 | 121,641 | 0 | 0 | 0 |
Proceeds from subordinated notes | ||||||||
0 | - | - | - | - | - | - | - | - |
Payments on subordinated notes | ||||||||
0 | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net | ||||||||
- | - | - | - | - | 34,450 | 0 | 0 | 0 |
Repurchase of common stock | ||||||||
0 | - | - | - | - | - | - | - | - |
Dividends paid on preferred stock | ||||||||
- | - | - | - | - | 1,378 | 0 | 0 | 0 |
Payments to Federal Home Loan Bank Topeka borrowings | ||||||||
84,346 | 72,346 | 0 | 0 | 0 | - | - | - | - |
Proceeds from Federal Home Loan Bank Topeka borrowings | ||||||||
73,985 | 67,346 | 0 | 0 | 0 | - | - | - | - |
Payments to Federal Home Loan Bank Topeka borrowings | ||||||||
- | - | - | - | - | - | - | - | 0 |
Proceeds from Federal Home Loan Bank Topeka borrowings | ||||||||
- | - | - | - | - | - | - | - | 0 |
Net cash provided by financing activities | ||||||||
196,664 | 143,173 | 195,549 | 122,230 | 132,007 | 109,126 | 0 | 0 | 0 |
Net change in cash and cash equivalents | ||||||||
48,748 | 5,281 | 75,758 | 34,305 | 32,690 | 63,855 | 0 | 0 | 0 |
Supplemental cash flow information: | ||||||||
Interest paid on deposits and borrowed funds | ||||||||
0 | - | 16,912 | 15,632 | 14,276 | 12,922 | 0 | 0 | 0 |
Income tax refunds received | ||||||||
- | 2,476 | 0 | 0 | 0 | - | - | - | - |
Cash paid for amounts included in the measurement of lease liabilities | ||||||||
5,527 | 5,351 | 0 | 0 | 0 | - | - | - | - |
Supplemental noncash disclosures: | ||||||||
Available-for-sale reclass of equity securities | ||||||||
- | - | - | - | -1,300 | 703 | 0 | 0 | 0 |
Adoption of ASU 2018-02 - Reclassification of stranded tax effects | ||||||||
- | 235 | 0 | 0 | 0 | - | - | - | - |
Change in unrealized gain/(loss) | ||||||||
0 | - | - | - | 0 | - | - | - | 0 |
Lease right-of-use-asset obtained in exchange for lease liabilities | ||||||||
- | 16,580 | 0 | 0 | 0 | - | - | - | - |
Reclass of unrealized loss on equity securities | ||||||||
- | - | - | - | - | 41 | 0 | 0 | 0 |