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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 1,334 $ 1,627
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 276 544
Deferred income tax expense (benefit) 347 173
Stock-based compensation 654 379
Provision for loan losses 367 194
Net amortization of investment securities 107 34
Stock dividends received on correspondent bank stock (5) (6)
Increase in cash surrender value of company-owned life insurance (91) (94)
Net gain on mortgage loans sold (2,481) (1,456)
Origination of mortgage loans held for sale (196,873) (72,819)
Proceeds from mortgage loans sold 179,207 69,694
Net loss on intangibles held for sale 553  
Net changes in operating assets and liabilities:    
Accounts receivable 646 (61)
Accrued interest receivable and other assets (376) (2,447)
Accrued interest payable and other liabilities (2,065) (1,403)
Net cash provided by (used in) operating activities (18,400) (5,641)
Activity in available-for-sale securities:    
Maturities, prepayments, and calls 5,703 2,528
Purchases   (10,390)
Purchases of correspondent bank stock (568) (362)
Redemption of correspondent bank stock   1,863
Purchases of premises and equipment (204) (86)
Loan and note receivable originations and principal collections, net (45,850) (37,207)
Net cash used in investing activities (40,919) (43,654)
Cash flows from financing activities    
Net change in deposits 91,666 40,343
Proceeds from subordinated notes 8,000  
Payments on subordinated notes (101)  
Repurchase of common stock (370)  
Payments to Federal Home Loan Bank Topeka borrowings (17,000) (5,000)
Proceeds from Federal Home Loan Bank Topeka borrowings 17,000 10,361
Net cash provided by financing activities 99,195 45,704
Net change in cash and cash equivalents 39,876 (3,591)
Cash and cash equivalents, beginning of year 78,638 73,357
Cash and cash equivalents, end of period 118,514 69,766
Supplemental cash flow information:    
Interest paid on deposits and borrowed funds 2,463 2,981
Income tax refunds received   (70)
Cash paid for amounts included in the measurement of lease liabilities 1,475 1,299
Supplemental noncash disclosures:    
Available-for-sale reclass of equity securities   (1,300)
Adoption of ASU 2018-02 - Reclassification of stranded tax effects   235
Change in unrealized gain/(loss) $ (597) 1,062
Lease right-of-use-asset obtained in exchange for lease liabilities   $ 16,580