Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| |||||||||
operating activities | |||||||||
net income | 19,649,000 | 18,622,000 | 18,223,000 | 15,577,000 | 12,035,000 | 8,094,000 | 8,006,000 | -7,356,000 | 3,857,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||
depreciation and amortization | 2,375,000 | 2,428,000 | 2,414,000 | 1,340,000 | 1,375,000 | 1,364,000 | 1,301,000 | 1,292,000 | 1,295,000 |
benefit from credit losses | 3,533,000 | 2,383,000 | 1,655,000 | ||||||
accretion of discounts on loans | -486,000 | -440,000 | -488,000 | ||||||
accretion of discounts and amortization of premiums on securities | 44,000 | 183,000 | 285,000 | 1,314,000 | 1,310,000 | 1,452,000 | 1,569,000 | 1,590,000 | 1,473,000 |
stock-based compensation | 1,355,000 | 1,540,000 | 1,270,000 | ||||||
gain on disposal of fixed assets | 0 | ||||||||
loss on sale of foreclosed assets and related impairments | |||||||||
gain on sale of loans | -170,000 | -440,000 | -537,000 | ||||||
origination of loans held for sale | |||||||||
proceeds from sale of loans held for sale | |||||||||
deferred income taxes | -1,833,000 | -1,986,000 | 3,224,000 | -589,000 | 1,824,000 | -159,000 | -1,245,000 | -6,734,000 | 2,881,000 |
net increase in bank owned life insurance | -523,000 | -501,000 | -456,000 | -456,000 | |||||
net realized gains on equity securities | |||||||||
net realized gains on available-for-sale securities | -2,000 | -10,000 | |||||||
dividends on fhlb stock | -107,000 | -156,000 | -71,000 | -291,000 | |||||
changes in: | |||||||||
interest receivable | 12,000 | -1,664,000 | -539,000 | 2,171,000 | -751,000 | 1,767,000 | 396,000 | -2,441,000 | -1,242,000 |
other assets | 1,417,000 | -2,121,000 | 1,762,000 | 26,570,000 | -28,730,000 | 2,696,000 | -1,561,000 | -1,349,000 | 65,000 |
other liabilities | 6,372,000 | 1,370,000 | -8,218,000 | 1,786,000 | -4,937,000 | 2,864,000 | -2,469,000 | 7,238,000 | -9,368,000 |
net cash from operating activities | 31,749,000 | 19,714,000 | 19,801,000 | 51,226,000 | -9,735,000 | 27,265,000 | 17,220,000 | 23,298,000 | 12,670,000 |
investing activities | |||||||||
net change in loans | 11,527,000 | -95,294,000 | -128,665,000 | 268,098,000 | -74,947,000 | 12,222,000 | -70,610,000 | -412,046,000 | -169,595,000 |
purchases of available-for-sale and equity securities | -176,000 | -31,299,000 | -45,693,000 | ||||||
proceeds from maturities of available-for-sale securities | 23,209,000 | 9,801,000 | 13,465,000 | 27,444,000 | 33,329,000 | 39,528,000 | 43,555,000 | 37,446,000 | 21,528,000 |
proceeds from sale of available-for-sale and equity securities | |||||||||
proceeds from the sale of foreclosed assets | |||||||||
purchase of premises and equipment | -517,000 | -963,000 | -1,114,000 | -34,000 | -118,000 | -1,244,000 | -331,000 | ||
proceeds from the sale of premises and equipment and related insurance claims | 0 | ||||||||
purchase of restricted equity securities | -4,550,000 | 0 | 0 | -1,869,000 | -970,000 | ||||
proceeds from sale of restricted equity securities | 4,713,000 | 6,738,000 | 291,000 | 913,000 | 1,626,000 | ||||
terminated cash flow hedges | |||||||||
net cash activity from acquisitions | |||||||||
net cash from investing activities | 54,352,000 | -117,680,000 | -161,838,000 | 250,017,000 | -114,685,000 | 16,215,000 | -25,381,000 | -378,036,000 | -157,388,000 |
financing activities | |||||||||
net decrease in demand deposits, savings, now and money market accounts | |||||||||
net increase in time deposits | 46,698,000 | 102,836,000 | 6,044,000 | -97,204,000 | -19,855,000 | 57,479,000 | -136,684,000 | ||
net increase in fed funds purchased and repurchase agreements | -3,294,000 | 988,000 | |||||||
net decrease in federal funds sold | |||||||||
proceeds from federal home loan bank advances | 0 | 20,000,000 | 48,000,000 | 70,000,000 | |||||
repayment of federal home loan bank advances | -90,000 | -1,641,000 | -114,000 | 0 | -10,000,000 | -43,000,000 | -134,517,000 | -63,000 | -26,063,000 |
net proceeds of lines of credit | |||||||||
proceeds from issuance of preferred shares, net of issuance cost | |||||||||
issuance of common shares, net of issuance cost | 0 | 1,000 | 2,000 | 1,000 | |||||
proceeds from employee stock purchase plan | 293,000 | 0 | 240,000 | ||||||
repurchase of common stock | 0 | -3,098,000 | -1,402,000 | -12,887,000 | -1,052,000 | ||||
acquisition of common stock for tax withholding obligations | -226,000 | -30,000 | -860,000 | -266,000 | -404,000 | -115,000 | -83,000 | -671,000 | |
settlement of warrants | |||||||||
dividends paid on preferred stock | |||||||||
net cash from financing activities | -99,528,000 | 141,557,000 | 93,581,000 | -711,216,000 | 346,397,000 | 37,426,000 | 390,122,000 | 116,385,000 | |
decrease in cash and cash equivalents | -48,456,000 | -28,333,000 | |||||||
cash and cash equivalents, beginning of period | 0 | 0 | 255,229,000 | 0 | 408,810,000 | 0 | 0 | 187,320,000 | |
cash and cash equivalents, end of period | -13,427,000 | 43,591,000 | 206,773,000 | -409,973,000 | 630,787,000 | 29,265,000 | 35,384,000 | 158,987,000 | |
supplemental cash flows information | |||||||||
interest paid | 65,640,000 | 64,661,000 | 61,253,000 | 6,400,000 | 7,287,000 | 9,420,000 | 10,619,000 | 17,199,000 | |
income taxes paid | 5,250,000 | 4,140,000 | 130,000 | ||||||
repossessed assets in settlement of loans | |||||||||
net increase in demand deposits, savings, now and money market accounts | 43,644,000 | 89,826,000 | -567,199,000 | 468,521,000 | 299,396,000 | 208,260,000 | 273,842,000 | 185,747,000 | |
increase in cash and cash equivalents | -409,973,000 | 221,977,000 | 29,265,000 | ||||||
benefit from loan losses | 3,500,000 | 7,500,000 | 10,875,000 | 10,875,000 | 21,000,000 | 13,950,000 | |||
gain on sale of foreclosed assets and related impairments | |||||||||
net realized (gains) losses on equity securities | |||||||||
net realized losses (gains) on available-for-sale securities | |||||||||
prepayment penalties on extinguishment of debt | |||||||||
proceeds from termination of cash flow hedge | |||||||||
proceeds from death benefit on bank owned life insurance | |||||||||
net decrease in fed funds purchased and repurchase agreements | |||||||||
net increase in federal funds sold | |||||||||
net (repayments) proceeds of lines of credit | |||||||||
net decrease in employee receivables | 0 | 35,000 | 30,000 | ||||||
items not requiring (providing) cash | |||||||||
equity based compensation | 1,575,000 | 649,000 | 1,140,000 | 1,207,000 | 1,082,000 | 934,000 | |||
foreclosed asset impairment | 153,000 | ||||||||
net realized (gains) losses on available-for-sale securities | |||||||||
goodwill impairment | 0 | 0 | |||||||
changes in | |||||||||
purchases of available-for-sale securities | -49,995,000 | -74,575,000 | -40,892,000 | -8,014,000 | -15,451,000 | -11,861,000 | |||
proceeds from sale of available-for-sale securities | 0 | 12,758,000 | 15,211,000 | 3,841,000 | |||||
proceeds from the sale of premises and equipment | |||||||||
net decrease in time deposits | -127,744,000 | -111,691,000 | |||||||
(gain) loss on disposal of fixed assets | |||||||||
loss on sale of foreclosed assets | |||||||||
net increase in bank-owned life insurance | |||||||||
net realized gains on available-for-sale debt and equity securities | |||||||||
impairment of assets held for sale | |||||||||
dividends on federal home loan bank stock | |||||||||
proceeds from the sale of fixed assets | 0 | ||||||||
net repayments of federal home loan bank line of credit | |||||||||
retirement of preferred stock | |||||||||
see notes to consolidated financial statements | |||||||||
net realized gains on available-for-sale debt securities | -1,012,000 | -320,000 | -393,000 | ||||||
net decrease in repurchase agreements and federal funds purchased | |||||||||
foreclosed assets in settlement of loans | |||||||||
proceeds (purchase) of premises and equipment | |||||||||
net increase in repurchase agreements and federal funds purchased | |||||||||
issuance of common shares, net and change in employee receivables | |||||||||
loss on disposal of fixed assets | 10,000 | ||||||||
net recognized gains on available-for-sale equity securities | -34,000 | ||||||||
stock dividends on cra mutual fund | -11,000 | ||||||||
net increase in repurchase agreements and fed funds purchased | 24,025,000 | ||||||||
common stock purchased and retired | |||||||||
proceeds from line of credit | |||||||||
repayment of line of credit |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.