| Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | ||||||||||
Net income | ||||||||||
13,884 | 13,434 | 15,683 | 15,996 | 15,741 | 15,982 | 15,749 | 6,531 | 12,092 | 8,938 | 10,416 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Provision (recovery) for loan losses | ||||||||||
251 | 180 | -1,014 | 1,045 | 423 | 1,120 | 641 | 600 | 900 | 600 | 600 |
Deferred income taxes | ||||||||||
228 | 537 | -143 | -870 | 1,101 | -1,314 | 387 | -2,546 | 112 | -562 | 327 |
Unrealized (gains) losses on equity securities | ||||||||||
30 | 57 | 49 | 212 | -31 | -30 | -64 | - | - | - | - |
Accretion on investment securities, net | ||||||||||
390 | 442 | 441 | 362 | 261 | 184 | 69 | - | - | - | - |
Depreciation and amortization of leasehold improvements and equipment | ||||||||||
414 | 405 | 391 | 440 | 320 | 321 | 318 | 311 | 352 | 260 | 268 |
Amortization and accretion, net, debt securities available for sale | ||||||||||
- | - | - | - | - | - | - | - | - | 40 | -3 |
Net change in operating leases | ||||||||||
- | - | 63 | - | - | - | - | - | - | - | - |
Amortization of intangible asset | ||||||||||
113 | 112 | 113 | 112 | 113 | 112 | 113 | 112 | 113 | 112 | 113 |
Originations, net of principal payments, mortgage loans held for sale | ||||||||||
25,778 | 13,082 | 3,166 | 18,213 | 10,924 | 11,217 | 7,424 | 7,978 | 43,111 | 37,571 | 6,326 |
Proceeds from sale of mortgage loans held for sale | ||||||||||
25,435 | 12,788 | 4,152 | 20,245 | 10,064 | 11,394 | 6,165 | 8,715 | 41,692 | 38,213 | 9,695 |
Gain on sale of mortgage loans held for sale | ||||||||||
194 | 142 | 38 | 18 | 129 | 28 | 65 | -207 | -191 | -170 | 187 |
Gain on sale of portfolio loans | ||||||||||
1,683 | 1,860 | 2,442 | 4,548 | 2,876 | 5,068 | 3,941 | 1,075 | 4,568 | 554 | 3,865 |
Increase in cash surrender value of bank-owned life insurance, net of premiums | ||||||||||
155 | 152 | 152 | 156 | 155 | 154 | 157 | 162 | 161 | 163 | 166 |
Amortization, net of valuation allowance adjustments, of mortgage servicing rights | ||||||||||
- | - | 721 | - | - | - | 237 | - | - | - | - |
Stock-based compensation | ||||||||||
146 | 153 | 126 | 109 | 103 | 76 | 9 | - | - | - | - |
Net change in servicing assets | ||||||||||
- | - | - | - | - | - | - | - | - | 531 | 250 |
Other | ||||||||||
53 | 35 | 36 | 36 | 35 | 35 | 34 | 49 | 16 | 33 | 33 |
Change in operating assets and liabilities: | ||||||||||
Accrued interest receivable | ||||||||||
19 | 96 | 217 | 442 | 691 | 460 | 443 | 1,378 | 945 | 740 | 261 |
Other assets | ||||||||||
-4,579 | 1,841 | -1,432 | 394 | -1,267 | 1,873 | 245 | 3,679 | -1,383 | 1,775 | -153 |
Accrued expenses and other liabilities | ||||||||||
17,453 | 7,717 | 5,273 | -14,453 | 13,790 | 4,871 | 6,134 | -11,792 | 13,853 | 1,169 | 8,783 |
Net cash provided by operating activities | ||||||||||
34,616 | 18,554 | 20,614 | 680 | 26,337 | 16,825 | 16,733 | -6,528 | 22,557 | 8,548 | 19,836 |
Cash Flows From Investing Activities | ||||||||||
Maturities and principal receipts of investment securities | ||||||||||
40,217 | 29,092 | 45,124 | 63,288 | 152 | 31,124 | 26,615 | 16,936 | 21,365 | 18,918 | 23,671 |
Investment securities: Purchases | ||||||||||
- | - | - | - | - | - | - | 63,315 | 80,110 | 49,984 | 35,234 |
Purchases of investment securities | ||||||||||
39,702 | 30,867 | 46,640 | - | 0 | 51,357 | 24,734 | - | - | - | - |
Loans originated, net of repayments | ||||||||||
30,281 | 72,423 | 74,766 | 111,024 | 151,883 | 212,545 | 182,870 | 340,615 | 339,816 | 220,698 | 123,695 |
Proceeds from the sale of portfolio loans | ||||||||||
51,591 | 71,906 | 49,900 | 123,505 | 82,464 | 157,477 | 112,200 | 36,676 | 148,612 | 17,932 | 105,184 |
Purchase of leasehold improvements and equipment | ||||||||||
125 | 400 | 582 | 889 | 947 | 1,029 | 980 | 667 | 229 | 844 | 659 |
Net cash used in investing activities | ||||||||||
21,700 | -2,683 | -26,973 | 4,883 | -70,214 | -73,521 | -69,800 | -321,502 | -203,532 | -218,963 | -30,733 |
Cash Flows From Financing Activities | ||||||||||
Net increase in deposits | ||||||||||
25,185 | 110,093 | -16,118 | 40,614 | 71,466 | 49,440 | 46,055 | 145,648 | 303,138 | 74,176 | 107,003 |
Proceeds from advances from Federal Home Loan Bank | ||||||||||
0 | 1,440,000 | 1,021,000 | 1,947,000 | 1,544,000 | 2,226,000 | 505,000 | 518,000 | 2,703,000 | 660,000 | 660,000 |
Repayments of advances from Federal Home Loan Bank | ||||||||||
11,000 | 1,533,000 | 981,000 | 1,989,000 | 1,559,000 | 2,206,000 | 513,000 | 403,000 | 2,835,000 | 510,000 | 735,000 |
Net change in line of credit with Federal Home Loan Bank | ||||||||||
- | - | 51 | - | - | - | 12,937 | -11,283 | 6,971 | -12,803 | -11,083 |
Repurchases of shares of common stock | ||||||||||
4,168 | 10,011 | 11,544 | - | - | - | - | - | - | - | - |
Capital contributions from controlling member of merged entity | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 | 218 |
Dividends paid to shareholders | ||||||||||
503 | 516 | 526 | 530 | 530 | 528 | 531 | 3,082 | 2,124 | 2,662 | 1,767 |
Net cash provided by financing activities | ||||||||||
9,514 | 6,515 | 11,863 | -1,916 | 55,936 | 55,975 | 50,461 | 331,986 | 191,192 | 205,791 | 19,371 |
Net change in cash and due from banks | ||||||||||
65,830 | 22,386 | 5,504 | 3,647 | 12,059 | -721 | -2,606 | 3,956 | 10,217 | -4,624 | 8,474 |
Supplemental cash flows information | ||||||||||
Cash paid: | ||||||||||
Interest | ||||||||||
6,933 | 10,456 | 12,278 | 11,224 | 7,784 | 9,451 | 6,333 | 7,562 | 5,408 | 5,634 | 5,011 |
Noncash investing and financing activities: | ||||||||||
Transfers of residential real estate loans to mortgage loans held for sale | ||||||||||
50,611 | 70,973 | 48,260 | 48,853 | 184,347 | 0 | 198,184 | - | - | - | - |
Transfers of residential real estate loans from mortgage loans held for sale | ||||||||||
0 | 0 | 103 | 38,677 | 12,881 | 24,171 | 2,158 | - | - | - | - |
Right-of-use assets obtained in exchange for new operating lease liabilities | ||||||||||
227 | 0 | 513 | - | - | - | - | - | - | - | - |