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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 3,031 $ 2,234
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,011 1,150
Deferred income tax expense 288 1,016
Stock-based compensation 846 987
Provision for (recovery of) credit losses 116 (187)
Net amortization of investment securities 71 107
Stock dividends received on correspondent bank stock (19) (76)
Increase in cash surrender value of company-owned life insurance (189) (199)
Net gain on mortgage loans sold (4,718) (2,610)
Origination of mortgage loans held for sale (175,236) (244,645)
Proceeds from mortgage loans sold 158,479 235,061
Loss on impairment of goodwill 1,572  
Net changes in operating assets and liabilities:    
Accounts receivable (226) 88
Accrued interest receivable and other assets (2,584) (729)
Accrued interest payable and other liabilities (35) (858)
Net cash used in operating activities (17,593) (8,661)
Activity in available-for-sale securities:    
Maturities, prepayments, and calls 3,831 9,556
Purchases (10,390)  
Purchases of correspondent bank stock (1,237) (3,646)
Redemption of correspondent bank stock 2,095 1,800
Purchases of premises and equipment (280) (168)
Payments received on promissory notes from related parties   3,701
Loan and note receivable originations and principal collections, net (45,383) (28,885)
Net cash used in investing activities (51,364) (17,642)
Cash flows from financing activities    
Net change in deposits 67,419 27,625
Proceeds from issuance of common stock, net   1,909
Settlement of restricted stock (110) (181)
Dividends paid on preferred stock   (1,123)
Payments to Federal Home Loan Bank Topeka borrowings (46,286) (126,200)
Proceeds from Federal Home Loan Bank Topeka borrowings 67,346 173,235
Net cash provided by financing activities 88,369 75,265
Net change in cash and cash equivalents 19,412 48,962
Cash and cash equivalents, beginning of year 73,357 9,502
Cash and cash equivalents, end of period 92,769 58,464
Supplemental cash flow information:    
Interest paid on deposits and borrowed funds 6,250 3,540
Income tax payment, net of refunds received 630 517
Cash paid for amounts included in the measurement of lease liabilities 2,738  
Supplemental noncash disclosures:    
Available-for-sale-reclass of equity securities   703
Adoption of ASU 2018-02 - Reclassification of stranded tax effects 235  
Reclass of unrealized loss on equity securities   $ 52
Lease right-of-use-asset obtained in exchange for lease liabilities $ 16,580