| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
16,757 | 14,253 | 9,236 | 7,425 | |||
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||||||
Provision for loan losses | ||||||
1,102 | 1,267 | 1,311 | 1,682 | |||
Depreciation and amortization of premises and equipment | ||||||
1,146 | 1,043 | 1,008 | 1,084 | |||
Amortization of net premiums on securities | ||||||
248 | 239 | 283 | 385 | |||
Stock-based compensation | ||||||
1,275 | 969 | 668 | 1,205 | |||
Gain on sales of loans | ||||||
5,905 | 4,880 | 4,939 | 5,507 | |||
Earnings on company owned life insurance (COLI) | ||||||
1,512 | 304 | 320 | - | |||
Earnings on company owned life insurance | ||||||
- | - | - | 334 | |||
Origination of loans held for sale | ||||||
89,778 | 74,246 | 83,423 | 84,065 | |||
Proceeds from sales of loans held for sale | ||||||
92,213 | 91,856 | 72,346 | 90,860 | |||
Amortization of servicing assets | ||||||
2,084 | 2,041 | 1,935 | 1,413 | |||
Net change in fair value of equity investment with readily determinable fair value | ||||||
140 | -30 | - | - | |||
Net change in: | ||||||
Accrued interest receivable | ||||||
98 | 605 | 462 | 440 | |||
Deferred tax assets | ||||||
174 | -237 | -79 | - | |||
Other assets | ||||||
-189 | -695 | 2,898 | 6,160 | |||
Accrued interest payable | ||||||
971 | 1,292 | 101 | -25 | |||
Other liabilities | ||||||
-215 | -3,282 | 2,928 | 3,059 | |||
Net cash from operating activities | ||||||
18,163 | 30,605 | -2,147 | 10,582 | |||
Net change in loans receivable | ||||||
115,767 | 127,806 | 73,878 | 167,103 | |||
Proceeds from matured, called, or paid-down securities available for sale | ||||||
14,549 | 6,562 | 6,169 | 8,069 | |||
Proceeds from COLI | ||||||
-2,288 | - | - | - | |||
Purchase of securities available for sale | ||||||
14,964 | 23,358 | 12,699 | - | |||
Purchase of equity investments | ||||||
1,000 | - | - | - | |||
Purchase of premises and equipment, net | ||||||
1,739 | 1,195 | 421 | 259 | |||
Purchase of other investments | ||||||
776 | 485 | 849 | 782 | |||
Net cash from investing activities | ||||||
-117,409 | -146,282 | -81,678 | -160,075 | |||
Net change in deposits | ||||||
115,535 | 131,870 | 111,522 | 142,063 | |||
Cash received from stock option exercises | ||||||
563 | 714 | 427 | 157 | |||
Borrowing (Repayment) of Federal Home Loan Bank advances | ||||||
- | 25,000 | -15,000 | 10,000 | |||
Issuance of common stock, net of expenses | ||||||
- | 22,569 | - | - | |||
Repurchase of common stock | ||||||
5,391 | - | - | - | |||
Cash dividend paid on common stock | ||||||
3,151 | - | - | - | |||
Net cash from financing activities | ||||||
107,556 | 130,153 | 126,949 | 132,220 | |||
Net change in cash and cash equivalents | ||||||
8,310 | 14,476 | 43,124 | - | |||
Net change in cash and cash equivalents | ||||||
- | - | - | -17,273 | |||
Supplemental cash flow information | ||||||
Income taxes | ||||||
4,205 | 6,609 | 7,742 | 5,432 | |||
Interest | ||||||
13,535 | 7,819 | 4,471 | 3,397 | |||
Supplemental noncash disclosure: | ||||||
Transfer from securities available for sale to other investments | ||||||
- | 2,486 | - | - | |||