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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 1,627 $ 1,186
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 544 573
Deferred income tax expense 173 177
Stock-based compensation 379 541
Provision for (recovery of) credit losses 194 (187)
Net amortization of investment securities 34 58
Stock dividends received on correspondent bank stock (6) (40)
Increase in cash surrender value of company-owned life insurance (94) (94)
Net gain on mortgage loans sold (1,456) (1,251)
Origination of mortgage loans held for sale (93,793) (107,098)
Proceeds from mortgage loans sold 90,286 109,091
Net changes in operating assets and liabilities:    
Accounts receivable (69) 88
Accrued interest receivable and other assets (2,447) 269
Accrued interest payable and other liabilities (1,013) (1,822)
Net cash (used in) provided by operating activities (5,641) 1,491
Activity in available-for-sale securities:    
Maturities, prepayments, and calls 2,528 7,585
Purchases (10,390)  
Purchases of correspondent bank stock (362) (2,081)
Redemption of correspondent bank stock 1,863 1,350
Purchases of premises and equipment (86) (43)
Loan and note receivable originations and principal collections, net (37,207) (3,551)
Net cash (used in) provided by investing activities (43,654) 3,260
Cash flows from financing activities    
Net change in deposits 40,343 2,110
Proceeds from issuance of common stock, net   1,909
Dividends paid on preferred stock   (561)
Payments to Federal Home Loan Bank Topeka borrowings (5,000) (83,200)
Proceeds from Federal Home Loan Bank Topeka borrowings 10,361 102,565
Net cash provided by financing activities 45,704 22,823
Net change in cash and cash equivalents (3,591) 27,574
Cash and cash equivalents, beginning of year 73,357 9,502
Cash and cash equivalents, end of period 69,766 37,076
Supplemental cash flow information:    
Interest paid on deposits and borrowed funds 2,981 1,627
Income tax refunds received (70)  
Cash paid for amounts included in the measurement of lease liabilities 1,299  
Supplemental noncash disclosures:    
Available-for-sale-reclass of equity securities (1,300) 703
Adoption of ASU 2018-02 - Reclassification of stranded tax effects 235  
Change in unrealized gain/(loss) 1,062 (706)
Reclass of unrealized loss on equity securities   $ 52
Lease right-of-use-asset obtained in exchange for lease liabilities $ 16,580