| 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 | ||||||||||
58,997 | 60,854 | 63,402 | 63,468 | 54,003 | 50,354 | 43,310 | 37,977 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Provision (recovery) for loan losses | ||||||||||
462 | 634 | 1,574 | 3,229 | 2,784 | 3,261 | 2,741 | 2,700 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||
-248 | 625 | -1,226 | -696 | -2,372 | -3,361 | -2,609 | -2,669 | 0 | 0 | 0 |
Unrealized (gains) losses on equity securities | ||||||||||
348 | 287 | 200 | 87 | 0 | 0 | 0 | - | - | - | - |
Accretion on investment securities, net | ||||||||||
1,635 | 1,506 | 1,248 | 876 | 0 | 0 | 0 | - | - | - | - |
Depreciation and amortization of leasehold improvements and equipment | ||||||||||
1,650 | 1,556 | 1,472 | 1,399 | 1,270 | 1,302 | 1,241 | 1,191 | 0 | 0 | 0 |
Amortization and accretion, net, debt securities available for sale | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Net change in operating leases | ||||||||||
- | - | 0 | - | - | - | - | - | - | - | - |
Amortization of intangible asset | ||||||||||
450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 0 | 0 | 0 |
Originations, net of principal payments, mortgage loans held for sale | ||||||||||
60,239 | 45,385 | 43,520 | 47,778 | 37,543 | 69,730 | 96,084 | 94,986 | 0 | 0 | 0 |
Proceeds from sale of mortgage loans held for sale | ||||||||||
62,620 | 47,249 | 45,855 | 47,868 | 36,338 | 67,966 | 94,785 | 98,315 | 0 | 0 | 0 |
Gain on sale of mortgage loans held for sale | ||||||||||
392 | 327 | 213 | 240 | 15 | -305 | -503 | -381 | 0 | 0 | 0 |
Gain on sale of portfolio loans | ||||||||||
10,533 | 11,726 | 14,934 | 16,433 | 12,960 | 14,652 | 10,138 | 10,062 | 0 | 0 | 0 |
Increase in cash surrender value of bank-owned life insurance, net of premiums | ||||||||||
615 | 615 | 617 | 622 | 628 | 634 | 643 | 652 | 0 | 0 | 0 |
Amortization, net of valuation allowance adjustments, of mortgage servicing rights | ||||||||||
- | - | 0 | - | - | - | 0 | - | - | - | - |
Stock-based compensation | ||||||||||
534 | 491 | 414 | 297 | 0 | 0 | 0 | - | - | - | - |
Net change in servicing assets | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Other | ||||||||||
160 | 142 | 142 | 140 | 153 | 134 | 132 | 131 | 0 | 0 | 0 |
Change in operating assets and liabilities: | ||||||||||
Accrued interest receivable | ||||||||||
774 | 1,446 | 1,810 | 2,036 | 2,972 | 3,226 | 3,506 | 3,324 | 0 | 0 | 0 |
Other assets | ||||||||||
-3,776 | -464 | -432 | 1,245 | 4,530 | 4,414 | 4,316 | 3,918 | 0 | 0 | 0 |
Accrued expenses and other liabilities | ||||||||||
15,990 | 12,327 | 9,481 | 10,342 | 13,003 | 13,066 | 9,364 | 12,013 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||
74,464 | 66,185 | 64,456 | 60,575 | 53,367 | 49,587 | 41,310 | 44,413 | 0 | 0 | 0 |
Cash Flows From Investing Activities | ||||||||||
Maturities and principal receipts of investment securities | ||||||||||
177,721 | 137,656 | 139,688 | 121,179 | 74,827 | 96,040 | 83,834 | 80,890 | 0 | 0 | 0 |
Investment securities: Purchases | ||||||||||
- | - | - | - | - | - | - | 228,643 | 0 | 0 | 0 |
Purchases of investment securities | ||||||||||
0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - |
Loans originated, net of repayments | ||||||||||
288,494 | 410,096 | 550,218 | 658,322 | 887,913 | 1,075,846 | 1,083,999 | 1,024,824 | 0 | 0 | 0 |
Proceeds from the sale of portfolio loans | ||||||||||
296,902 | 327,775 | 413,346 | 475,646 | 388,817 | 454,965 | 315,420 | 308,404 | 0 | 0 | 0 |
Purchase of leasehold improvements and equipment | ||||||||||
1,996 | 2,818 | 3,447 | 3,845 | 3,623 | 2,905 | 2,720 | 2,399 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||
-3,073 | -94,987 | -165,825 | -208,652 | -535,037 | -668,355 | -813,797 | -774,730 | 0 | 0 | 0 |
Cash Flows From Financing Activities | ||||||||||
Net increase in deposits | ||||||||||
159,774 | 206,055 | 145,402 | 207,575 | 312,609 | 544,281 | 569,017 | 629,965 | 0 | 0 | 0 |
Proceeds from advances from Federal Home Loan Bank | ||||||||||
4,408,000 | 5,952,000 | 6,738,000 | 6,222,000 | 4,793,000 | 5,952,000 | 4,386,000 | 4,541,000 | 0 | 0 | 0 |
Repayments of advances from Federal Home Loan Bank | ||||||||||
4,514,000 | 6,062,000 | 6,735,000 | 6,267,000 | 4,681,000 | 5,957,000 | 4,261,000 | 4,483,000 | 0 | 0 | 0 |
Net change in line of credit with Federal Home Loan Bank | ||||||||||
- | - | 0 | - | - | - | -4,178 | -28,198 | 0 | 0 | 0 |
Repurchases of shares of common stock | ||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - |
Capital contributions from controlling member of merged entity | ||||||||||
- | - | - | - | - | - | - | 218 | 0 | 0 | 0 |
Dividends paid to shareholders | ||||||||||
2,075 | 2,102 | 2,114 | 2,119 | 4,671 | 6,265 | 8,399 | 9,635 | 0 | 0 | 0 |
Net cash provided by financing activities | ||||||||||
25,976 | 72,398 | 121,858 | 160,456 | 494,358 | 629,614 | 779,430 | 748,340 | 0 | 0 | 0 |
Net change in cash and due from banks | ||||||||||
97,367 | 43,596 | 20,489 | 12,379 | 12,688 | 10,846 | 6,943 | 18,023 | 0 | 0 | 0 |
Supplemental cash flows information | ||||||||||
Cash paid: | ||||||||||
Interest | ||||||||||
40,891 | 41,742 | 40,737 | 34,792 | 31,130 | 28,754 | 24,937 | 23,615 | 0 | 0 | 0 |
Noncash investing and financing activities: | ||||||||||
Transfers of residential real estate loans to mortgage loans held for sale | ||||||||||
218,697 | 352,433 | 281,460 | 431,384 | 0 | 0 | 0 | - | - | - | - |
Transfers of residential real estate loans from mortgage loans held for sale | ||||||||||
38,780 | 51,661 | 75,832 | 77,887 | 0 | 0 | 0 | - | - | - | - |
Right-of-use assets obtained in exchange for new operating lease liabilities | ||||||||||
0 | 0 | 0 | - | - | - | - | - | - | - | - |