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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 15,299 $ 6,848
Adjustments to reconcile net income to net cash used by operating activities:    
Provision for loan losses 13,753 2,607
Net amortization of securities premiums/discounts 668 156
Proceeds from sale of loans 982,423 357,370
Loans originated for sale (987,631) (386,843)
Net amortization of net deferred loan costs/fees and premiums 811 1,491
Depreciation and amortization of premises and equipment 1,985 2,204
Change in mortgage servicing rights fair value 5,498 4,392
Mortgage and consumer servicing rights capitalized (4,475) (331)
Accretion of fair value adjustment on loans and deposits, net (1,466) (864)
Amortization of other intangible assets 894 1,279
Amortization of subordinated debt issuance costs 63 44
Gain on sale and call of securities, net (2,533) (1,267)
Net gains on mortgage loan sales, including fair value adjustments (43,140) (13,072)
Bank-owned life insurance income (1,105) (506)
Income on retirement plan annuities (204) (196)
Net loss on disposal of premises and equipment 110  
Net (gain) loss on sale and write-down of other real estate owned and repossessed assets 56 (67)
ESOP expense 1,042 510
Share-based compensation expense 2,526 2,362
Net change in:    
Change in other assets (35,637) (22,074)
Change in other liabilities 28,847 (3,705)
Net cash used by operating activities (22,216) (49,662)
Activity in securities available for sale:    
Maturities, prepayments and calls 36,453 14,514
Purchases (100,682) (29,930)
Sales 67,574 28,391
Activity in securities held to maturity:    
Maturities, prepayment and calls 432 9,812
Sales 4,759  
Net redemption of FHLB stock 1,335 10,093
Participation-in loan purchases (8,162) (16,561)
Loan originations, net of principal payments (295,427) (66,045)
Proceeds from sale of other real estate owned and repossessed assets 595 1,355
Additions to property and equipment (1,939) (2,702)
Net cash used by investing activities (295,062) (51,073)
Cash flows from financing activities:    
Net increase in deposits 365,406 284,045
Net change in short-term borrowed funds 17,000 (192,000)
Proceeds from other borrowed funds and subordinated debt 40,000 11,220
Repayment of other borrowed funds (70,018) (30,007)
Net change in mortgagors' escrow accounts 2,246 663
Net cash provided by financing activities 354,634 73,921
Net change in cash and cash equivalents 37,356 (26,814)
Cash and cash equivalents at beginning of year 211,616 105,521
Cash and cash equivalents at end of year 248,972 78,707
Supplemental cash flow information:    
Interest paid on deposits 14,808 15,578
Interest paid on borrowed funds 3,276 5,225
Income taxes paid, net 5,625 859
Transfer of loans to other real estate owned and repossessed assets 469 $ 1,044
Transfer of securities held to maturity to available for sale, fair value 22,051  
Dividends declared $ 1,623