South Plains Financial, Inc(NASDAQ:SPFI)
South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Community Banking and Insurance. It offers deposit products, includi...
Website: http://www.spfi.bank
IPO Price: $17.50 (May 09, 2019)
Full Time Employees: 664
CEO: Curtis C. Griffith
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
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interest income: | ||||||||||||||||||||||||||||
loans, including fees | 52,818,000 | 53,928,000 | 53,886,000 | 50,570,000 | 51,262,000 | 51,505,000 | 50,571,000 | 48,932,000 | 47,895,000 | 46,242,000 | 42,864,000 | 39,597,000 | 38,694,000 | 34,463,000 | 35,419,000 | 29,378,000 | 31,082,000 | 30,818,000 | 29,360,000 | 29,280,000 | 30,133,000 | 30,724,000 | 29,861,000 | 31,015,000 | 30,562,000 | 29,652,000 | 28,592,000 | 28,098,000 |
securities: | ||||||||||||||||||||||||||||
taxable | 4,604,000 | 4,638,000 | 4,700,000 | 4,692,000 | 4,994,000 | 5,300,000 | 5,285,000 | 5,511,000 | 5,563,000 | 5,422,000 | 5,365,000 | 5,240,000 | 4,868,000 | 4,224,000 | 3,542,000 | 2,376,000 | 2,226,000 | 2,346,000 | 2,413,000 | 2,460,000 | 2,639,000 | 2,678,000 | 3,170,000 | 3,780,000 | 2,877,000 | 2,021,000 | 1,816,000 | 2,176,000 |
non-taxable | 859,000 | 853,000 | 802,000 | 801,000 | 801,000 | 803,000 | 807,000 | 809,000 | 764,250 | 833,000 | 1,108,000 | 1,116,000 | 852,250 | 1,128,000 | 1,137,000 | 1,144,000 | ||||||||||||
federal funds sold and interest-bearing deposits in banks | 5,140,000 | 5,101,000 | 4,747,000 | 3,859,000 | 4,267,000 | 4,032,000 | 2,545,000 | 3,475,000 | 2,963,000 | 4,031,000 | 1,484,000 | 1,495,000 | 1,546,000 | 1,293,000 | 654,000 | 182,000 | 140,000 | 114,000 | 86,000 | 72,000 | 65,000 | 40,000 | 34,000 | 546,000 | 976,000 | 1,766,000 | 1,883,000 | 1,505,000 |
total interest income | 63,421,000 | 64,520,000 | 64,135,000 | 59,922,000 | 61,324,000 | 61,640,000 | 59,208,000 | 58,727,000 | 57,236,000 | 56,528,000 | 50,821,000 | 47,448,000 | 46,228,000 | 41,108,000 | 40,752,000 | 33,080,000 | 34,600,000 | 34,438,000 | 33,016,000 | 32,982,000 | 33,984,000 | 34,503,000 | 34,007,000 | 35,737,000 | 34,764,000 | 33,665,000 | 32,509,000 | 32,004,000 |
interest expense: | ||||||||||||||||||||||||||||
deposits | 19,541,000 | 19,925,000 | 20,062,000 | 19,827,000 | 21,136,000 | 22,653,000 | 21,629,000 | 21,663,000 | 20,219,000 | 18,965,000 | 14,433,000 | 11,370,000 | 8,258,000 | 4,537,000 | 2,317,000 | 1,890,000 | 1,920,000 | 2,030,000 | 2,186,000 | 2,157,000 | 2,334,000 | 2,517,000 | 2,760,000 | 4,283,000 | 4,836,000 | 5,627,000 | 6,139,000 | 5,889,000 |
subordinated debt | 225,000 | 835,000 | 835,000 | 835,000 | 834,000 | 835,000 | 835,000 | 835,000 | 981,000 | 1,012,000 | 1,013,000 | 1,012,000 | ||||||||||||||||
junior subordinated deferrable interest debentures | 705,000 | 741,000 | 735,000 | 733,000 | 806,000 | 858,000 | 856,000 | 861,000 | 874,000 | 862,000 | 789,000 | 751,000 | 635,000 | 457,000 | 317,000 | 231,000 | 219,000 | 217,000 | 221,000 | 223,000 | 230,000 | 242,000 | 294,000 | 401,000 | 436,000 | 485,000 | 512,000 | 513,000 |
total interest expense | 20,471,000 | 21,501,000 | 21,632,000 | 21,395,000 | 22,776,000 | 24,346,000 | 23,320,000 | 23,359,000 | 22,074,000 | 20,839,000 | 16,240,000 | 13,133,000 | 9,906,000 | 6,006,000 | 3,647,000 | 3,133,000 | 3,151,000 | 3,260,000 | 3,423,000 | 3,438,000 | 3,619,000 | 3,230,000 | 3,559,000 | 5,538,000 | 6,140,000 | 7,097,000 | 7,672,000 | 7,458,000 |
net interest income | 42,950,000 | 43,019,000 | 42,503,000 | 38,527,000 | 38,548,000 | 37,294,000 | 35,888,000 | 35,368,000 | 35,162,000 | 35,689,000 | 34,581,000 | 34,315,000 | 36,322,000 | 35,102,000 | 37,105,000 | 29,947,000 | 31,449,000 | 31,178,000 | 29,593,000 | 29,544,000 | 30,365,000 | 31,273,000 | 30,448,000 | 30,199,000 | 28,624,000 | 26,568,000 | 24,837,000 | 24,546,000 |
provision for credit losses | 1,775,000 | 500,000 | 2,500,000 | 420,000 | 1,200,000 | 495,000 | 1,775,000 | 830,000 | 600,000 | -700,000 | 3,700,000 | 1,010,000 | ||||||||||||||||
net interest income, after provision for credit losses | 41,175,000 | 42,519,000 | 40,003,000 | 38,107,000 | 37,348,000 | 36,799,000 | 34,113,000 | 34,538,000 | 34,562,000 | 36,389,000 | 30,881,000 | 33,305,000 | ||||||||||||||||
noninterest income: | ||||||||||||||||||||||||||||
service charges on deposit accounts | 2,318,000 | 2,266,000 | 2,098,000 | 2,141,000 | 2,241,000 | 2,023,000 | 1,949,000 | 1,813,000 | 1,844,000 | 1,840,000 | 1,745,000 | 1,701,000 | 1,680,000 | 1,764,000 | 1,612,000 | 1,773,000 | 1,940,000 | 1,851,000 | 1,599,000 | 1,573,000 | 1,861,000 | 1,749,000 | 1,439,000 | 1,983,000 | 2,144,000 | 2,101,000 | 1,979,000 | 1,905,000 |
net gain on sales of loans | 2,021,000 | 2,338,000 | 2,655,000 | 2,591,000 | 2,367,000 | 2,715,000 | 2,788,000 | 2,654,000 | 1,950,000 | 2,631,000 | 3,528,000 | 2,918,000 | 2,840,000 | 4,452,000 | 5,979,000 | 7,493,000 | 10,076,000 | 12,848,000 | 12,317,000 | 15,943,000 | 16,252,000 | 20,942,000 | 17,797,000 | 8,540,000 | 6,000,000 | 6,626,000 | 6,235,000 | 4,660,000 |
bank card services and interchange fees | 3,359,000 | 3,403,000 | 3,771,000 | 3,379,000 | 3,225,000 | 3,302,000 | 4,052,000 | 3,061,000 | 3,167,000 | 3,157,000 | 4,043,000 | 2,956,000 | 3,090,000 | 3,156,000 | 3,478,000 | 3,222,000 | 3,479,000 | 3,045,000 | 3,073,000 | 2,642,000 | 2,845,000 | 2,608,000 | 2,344,000 | 2,238,000 | 2,419,000 | 2,192,000 | 2,071,000 | 2,010,000 |
other mortgage banking income | 369,000 | 237,000 | 951,000 | -478,000 | 2,587,000 | -825,000 | 609,000 | 1,291,000 | -279,000 | 1,971,000 | 1,731,000 | -633,000 | -64,000 | 1,836,000 | 2,690,000 | 6,144,000 | ||||||||||||
investment commissions | 412,000 | 428,000 | 426,000 | 434,000 | 429,000 | 391,000 | 450,000 | 434,000 | 459,000 | 430,000 | 420,000 | 389,000 | 422,000 | 391,000 | 466,000 | 546,000 | 544,000 | 430,000 | 530,000 | 430,000 | 437,000 | 441,000 | 365,000 | 455,000 | 465,000 | 419,000 | 493,000 | 333,000 |
fiduciary fees | 771,000 | 729,000 | 694,000 | 738,000 | 632,000 | 613,000 | 720,000 | 754,000 | 654,000 | 582,000 | 597,000 | 600,000 | 575,000 | 568,000 | 635,000 | 612,000 | 683,000 | 556,000 | 842,000 | 836,000 | 799,000 | 781,000 | 776,000 | 829,000 | ||||
other | 1,684,000 | 1,764,000 | 1,570,000 | 1,820,000 | 1,807,000 | 2,388,000 | 2,111,000 | 1,368,000 | 1,314,000 | 1,346,000 | 1,523,000 | 1,349,000 | 1,310,000 | 3,914,000 | 2,398,000 | 2,337,000 | 4,038,000 | 3,267,000 | 2,649,000 | 3,964,000 | 1,818,000 | 1,836,000 | 1,153,000 | 1,353,000 | 464,000 | 1,663,000 | 1,715,000 | 1,417,000 |
total noninterest income | 10,934,000 | 11,165,000 | 12,165,000 | 10,625,000 | 13,319,000 | 10,635,000 | 12,709,000 | 11,409,000 | 9,146,000 | 12,277,000 | 47,112,000 | 10,691,000 | 12,676,000 | 20,937,000 | 18,835,000 | 23,697,000 | 22,928,000 | 25,791,000 | 22,250,000 | 26,500,000 | 26,172,000 | 31,660,000 | 24,896,000 | 18,875,000 | 16,740,000 | 14,115,000 | 13,703,000 | 12,075,000 |
noninterest expense: | ||||||||||||||||||||||||||||
salaries and employee benefits | 18,385,000 | 19,413,000 | 19,708,000 | 19,441,000 | 17,384,000 | 18,767,000 | 19,199,000 | 18,988,000 | 17,977,000 | 18,709,000 | 23,437,000 | 19,254,000 | 18,703,000 | 22,927,000 | 21,990,000 | 22,703,000 | 21,549,000 | 24,116,000 | 23,377,000 | 24,318,000 | 23,117,000 | 23,672,000 | 21,621,000 | 20,810,000 | 19,348,000 | 18,135,000 | 18,784,000 | 19,125,000 |
occupancy and equipment | 4,006,000 | 4,046,000 | 3,972,000 | 4,027,000 | 3,901,000 | 4,255,000 | 4,029,000 | 3,920,000 | 3,856,000 | 4,111,000 | 4,303,000 | 3,832,000 | 4,085,000 | 4,132,000 | 4,033,000 | 3,737,000 | 3,600,000 | 3,896,000 | 3,499,000 | 3,565,000 | 3,762,000 | 3,710,000 | 3,586,000 | 3,600,000 | 3,263,000 | 3,486,000 | 3,416,000 | 3,407,000 |
professional services | 2,413,000 | 1,293,000 | 1,874,000 | 1,730,000 | 1,555,000 | 1,807,000 | 1,738,000 | 1,483,000 | 1,509,000 | 1,560,000 | 1,716,000 | 1,648,000 | 1,945,000 | 2,523,000 | 2,647,000 | 2,625,000 | 2,269,000 | 1,388,000 | 1,522,000 | 1,573,000 | 1,612,000 | 1,177,000 | 1,961,000 | 1,572,000 | 2,165,000 | 1,852,000 | 1,611,000 | 1,706,000 |
marketing and development | 1,220,000 | 979,000 | 919,000 | 905,000 | 1,153,000 | 1,015,000 | 860,000 | 754,000 | 880,000 | 853,000 | 784,000 | 936,000 | 1,223,000 | 913,000 | 758,000 | 720,000 | 1,068,000 | 777,000 | 812,000 | 568,000 | 899,000 | 615,000 | 806,000 | 768,000 | 742,000 | 762,000 | 796,000 | 717,000 |
it and data services | 1,172,000 | 1,184,000 | 1,181,000 | 1,164,000 | 1,118,000 | 1,092,000 | 1,086,000 | 990,000 | 840,000 | 818,000 | 888,000 | 864,000 | 878,000 | 908,000 | 941,000 | 1,053,000 | 978,000 | 1,068,000 | 907,000 | 1,054,000 | 805,000 | 843,000 | 1,079,000 | 847,000 | 726,000 | 722,000 | 689,000 | 693,000 |
bank card expenses | 1,429,000 | 1,637,000 | 1,579,000 | 1,454,000 | 1,460,000 | 1,500,000 | 1,516,000 | 1,397,000 | 1,438,000 | 1,451,000 | 1,316,000 | 1,352,000 | 1,326,000 | 1,399,000 | 1,328,000 | 1,323,000 | 1,355,000 | 1,339,000 | 1,252,000 | 1,049,000 | 1,089,000 | 1,095,000 | 1,017,000 | 1,052,000 | 952,000 | 864,000 | 806,000 | 724,000 |
appraisal expenses | 178,000 | 284,000 | 236,000 | 192,000 | 251,000 | 246,000 | 229,000 | 227,000 | 225,000 | 283,000 | 301,000 | 278,000 | 315,000 | 359,000 | 508,000 | 565,000 | 898,000 | 790,000 | 879,000 | 681,000 | 945,000 | 744,000 | 638,000 | 455,000 | 428,000 | 467,000 | 407,000 | 323,000 |
total noninterest expense | 33,023,000 | 33,024,000 | 33,543,000 | 33,030,000 | 29,948,000 | 33,128,000 | 32,572,000 | 31,930,000 | 30,597,000 | 31,489,000 | 40,499,000 | 32,361,000 | 32,708,000 | 37,401,000 | 36,056,000 | 37,924,000 | 36,132,000 | 38,063,000 | 36,778,000 | 37,057,000 | 36,504,000 | 35,993,000 | 35,207,000 | 34,011,000 | 31,714,000 | 30,028,000 | 29,930,000 | 30,036,000 |
income before income taxes | 19,086,000 | 20,660,000 | 18,625,000 | 15,702,000 | 20,719,000 | 14,306,000 | 14,250,000 | 14,017,000 | 13,111,000 | 17,177,000 | 37,494,000 | 11,635,000 | 16,042,000 | 19,420,000 | 19,884,000 | 17,805,000 | 18,245,000 | 18,906,000 | 17,072,000 | 18,898,000 | 19,892,000 | 20,878,000 | 7,004,000 | 8,829,000 | 12,754,000 | 10,235,000 | 7,735,000 | 5,977,000 |
income tax expense | 3,832,000 | 4,342,000 | 4,020,000 | 3,408,000 | 4,222,000 | 3,094,000 | 3,116,000 | 3,143,000 | 2,787,000 | 3,683,000 | 7,811,000 | 2,391,000 | 3,421,000 | 3,962,000 | 4,001,000 | 3,527,000 | 3,631,000 | 3,716,000 | 3,422,000 | 3,738,000 | 3,968,000 | 4,147,000 | 1,389,000 | 1,746,000 | 2,645,000 | 1,977,000 | 1,655,000 | 1,204,000 |
net income | 15,254,000 | 16,318,000 | 14,605,000 | 12,294,000 | 16,497,000 | 11,212,000 | 11,134,000 | 10,874,000 | 10,324,000 | 13,494,000 | 29,683,000 | 9,244,000 | 12,621,000 | 15,458,000 | 15,883,000 | 14,278,000 | 14,614,000 | 15,190,000 | 13,650,000 | 15,160,000 | 15,924,000 | 16,731,000 | 5,615,000 | 7,083,000 | 10,109,000 | 8,258,000 | 6,080,000 | 4,773,000 |
yoy | -7.53% | 45.54% | 31.17% | 13.06% | 59.79% | -16.91% | -62.49% | 17.63% | -18.20% | -12.71% | 86.89% | -35.26% | -13.64% | 1.76% | 16.36% | -5.82% | -8.23% | -9.21% | 143.10% | 114.03% | 57.52% | 102.60% | -7.65% | 48.40% | ||||
qoq | -6.52% | 11.73% | 18.80% | -25.48% | 47.14% | 0.70% | 2.39% | 5.33% | -23.49% | -54.54% | 221.11% | -26.76% | -18.35% | -2.68% | 11.24% | -2.30% | -3.79% | 11.28% | -9.96% | -4.80% | -4.82% | 197.97% | -20.73% | -29.93% | 22.41% | 35.82% | 27.38% | |
earnings per share: | ||||||||||||||||||||||||||||
basic | 0.94 | 1 | 0.9 | 0.75 | 1.01 | 0.68 | 0.68 | 0.66 | 0.64 | 0.8 | 1.74 | 0.54 | 0.74 | 0.89 | 0.91 | 0.81 | 0.82 | 0.85 | 0.76 | 0.84 | 0.408 | 0.93 | 0.31 | 0.39 | 0.29 | 0.46 | 0.37 | 0.32 |
diluted | 0.89 | 0.96 | 0.86 | 0.72 | 0.96 | 0.66 | 0.66 | 0.64 | 0.61 | 0.78 | 1.71 | 0.53 | 0.71 | 0.86 | 0.88 | 0.78 | 0.79 | 0.82 | 0.74 | 0.82 | 0.403 | 0.92 | 0.31 | 0.38 | 0.288 | 0.45 | 0.37 | 0.32 |
other comprehensive income: | ||||||||||||||||||||||||||||
unrealized gains on securities available for sale | 4,989 | 12,450 | -1,341 | 5,640 | -24,703 | 25,268 | 561 | -10,832 | -7,109 | 8,624 | ||||||||||||||||||
less: change in fair value on hedged state and municipal securities | -703 | -878 | -1,573 | -2,252 | 1,655 | -4,196 | -463 | 1,385 | -5,006 | 2,091 | 1,866 | -2,638 | -1,074 | 5,332 | 3,450 | 6,899 | ||||||||||||
tax effect | -901 | -2,430 | 612 | -711 | 4,840 | -4,425 | -21 | 1,984 | -8,750 | 6,051 | 385 | -1,257 | -2,233 | 7,092 | 8,116 | 7,975 | 163 | 1,093 | -1,653 | 2,428 | -1,183.25 | 207 | -1,235 | -3,705 | -390.5 | -25 | -926 | -611 |
other comprehensive income | 3,385 | 9,142 | -2,302 | 2,677 | -18,208 | 16,647 | 77 | -7,463 | -1,449 | 4,729 | 8,402 | -26,678 | -30,531 | -612 | -4,111 | 6,217 | -9,131 | 4,451.25 | -781 | 4,647 | 13,939 | 1,467.75 | 91 | 3,484 | 2,296 | |||
comprehensive income | 18,639 | 25,460 | 12,303 | 14,971 | -1,711 | 27,859 | 11,211 | 3,411 | 43,243 | -9,271 | 28,234 | 13,973 | 21,023 | -11,220 | -14,648 | -15,725 | 14,002 | 11,079 | 19,867 | 6,029 | 11,808.5 | 15,950 | 10,262 | 21,022 | 6,245.5 | 8,349 | 9,564 | 7,069 |
notes payable & other borrowings | 5,000 | 4,000 | 39,000 | 42,000 | 68,000 | 102,000 | 450,000 | 465,000 | 581,000 | 618,000 | 650,000 | |||||||||||||||||
income from insurance activities | 31,000 | 28,000 | 30,000 | 34,000 | 37,000 | 30,000 | 37,000 | 1,411,000 | 2,823,000 | 4,856,000 | 1,577,000 | 1,570,000 | 2,168,000 | 3,794,000 | 1,240,000 | 1,112,000 | 2,160,000 | 3,303,000 | 1,022,000 | 1,159,000 | 2,942,000 | 1,114,000 | 1,210,000 | 1,750,000 | ||||
gain on sale of subsidiary | 290,000 | 33,488,000 | ||||||||||||||||||||||||||
realized loss on sale of securities | 3,409,000 | |||||||||||||||||||||||||||
reclassification adjustment for loss on sale of securities | 3,409 | |||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||
unrealized losses on securities available for sale | -7,348.25 | -30,907 | -44,877 | |||||||||||||||||||||||||
other comprehensive loss | -4,871.25 | -22,765 | -30,003 | |||||||||||||||||||||||||
subordinated debt securities | 759,250 | 1,012,000 | 1,013,000 | 1,012,000 | 1,012,000 | 1,013,000 | 1,012,000 | 1,019,000 | 1,013,000 | 403,000 | 403,000 | 404,000 | 403,000 | 404,000 | 403,000 | 406,000 | ||||||||||||
provision for loan losses | 248,000 | -782,000 | -2,085,000 | -2,007,000 | 89,000 | 141,000 | 6,062,000 | 13,133,000 | 6,234,000 | 896,000 | 420,000 | 875,000 | 608,000 | |||||||||||||||
net interest income, after provision for loan losses | 36,074,000 | 35,884,000 | 37,105,000 | 32,032,000 | 31,449,000 | 31,178,000 | 31,600,000 | 29,455,000 | 30,224,000 | 25,211,000 | 17,315,000 | 23,965,000 | 27,728,000 | 26,148,000 | 23,962,000 | 23,938,000 | ||||||||||||
unrealized gain on securities available for sale | 11,709 | -39,102 | -42,097 | |||||||||||||||||||||||||
non taxable | 1,152,000 | 1,160,000 | 1,157,000 | 1,170,000 | 1,147,000 | 1,061,000 | 942,000 | 396,000 | 349,000 | 226,000 | 218,000 | 225,000 | ||||||||||||||||
realized gain on sale of securities | 2,318,000 | |||||||||||||||||||||||||||
change in net unrealized gain on securities available for sale | -1,644 | -5,964 | 10,620 | -18,492 | 6,646 | -1,418 | ||||||||||||||||||||||
change in net gain on cash flow hedges | 869 | 760 | -2,750 | -432 | 430 | |||||||||||||||||||||||
reclassification adjustment for loss included in net income | -579.5 | |||||||||||||||||||||||||||
change in net losses on cash flow hedges | 6,933 | -931 | -1,227 | |||||||||||||||||||||||||
reclassification adjustment for (gain) included in net income | -2,318 | |||||||||||||||||||||||||||
change in net unrealized loss on securities available for sale | 6,813 | 21,189 | 1,858.25 | 116 | 4,410 | 2,907 | ||||||||||||||||||||||
pro forma information |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
cash and due from banks | 58,318,000 | 56,071,000 | 60,400,000 | 56,006,000 | 54,114,000 | 60,863,000 | 46,024,000 | 41,273,000 | 62,821,000 | 44,583,000 | 64,497,000 | 51,186,000 | 61,613,000 | 52,749,000 | 67,127,000 | 65,717,000 | 68,425,000 | 62,638,000 | 67,915,000 | 65,204,000 | 76,146,000 | 43,750,000 | 51,256,000 | 46,883,000 | 56,246,000 | 48,709,000 | 38,302,000 | 37,632,000 |
interest-bearing deposits in banks | 494,121,000 | 578,975,000 | 410,096,000 | 480,294,000 | 304,968,000 | 410,304,000 | 251,982,000 | 330,666,000 | 267,337,000 | 307,841,000 | 231,084,000 | 276,816,000 | 173,270,000 | 277,213,000 | 308,563,000 | 462,895,000 | 418,396,000 | 264,962,000 | 316,034,000 | 348,202,000 | 224,161,000 | 245,785,000 | 204,845,000 | 89,179,000 | 101,853,000 | 195,281,000 | 367,064,000 | 301,778,000 |
cash and cash equivalents | 552,439,000 | 635,046,000 | 470,496,000 | 536,300,000 | 359,082,000 | 471,167,000 | 298,006,000 | 371,939,000 | 330,158,000 | 352,424,000 | 295,581,000 | 328,002,000 | 234,883,000 | 329,962,000 | 375,690,000 | 528,612,000 | 486,821,000 | 327,600,000 | 383,949,000 | 413,406,000 | 300,307,000 | 290,885,000 | 256,101,000 | 136,062,000 | 158,099,000 | 244,645,000 | 408,116,000 | 339,410,000 |
securities available for sale | 567,540,000 | 571,138,000 | 570,000,000 | 571,527,000 | 577,240,000 | 606,889,000 | 591,031,000 | 599,869,000 | 622,762,000 | 584,969,000 | 628,093,000 | 698,579,000 | 701,711,000 | 711,412,000 | 763,943,000 | 793,404,000 | 724,504,000 | 752,562,000 | 777,613,000 | 777,208,000 | 803,087,000 | 726,329,000 | 730,674,000 | 734,791,000 | 707,650,000 | 401,335,000 | 263,564,000 | 339,051,000 |
loans held for sale | 9,993,000 | 13,046,000 | 17,182,000 | 13,931,000 | 20,542,000 | 11,389,000 | 16,585,000 | 15,751,000 | 14,499,000 | 20,273,000 | 22,158,000 | 20,448,000 | 30,403,000 | 26,922,000 | 37,949,000 | 29,599,000 | 76,507,000 | 90,880,000 | 79,938,000 | 125,792,000 | 111,477,000 | 76,507,000 | 92,774,000 | 62,636,000 | 49,035,000 | 50,136,000 | 38,932,000 | 21,447,000 |
loans held for investment | 3,144,502,000 | 3,053,503,000 | 3,098,978,000 | 3,075,860,000 | 3,055,054,000 | 3,037,375,000 | 3,094,273,000 | 3,011,799,000 | 3,014,153,000 | 2,993,563,000 | 2,979,063,000 | 2,788,640,000 | 2,748,081,000 | 2,690,366,000 | 2,580,493,000 | 2,453,631,000 | 2,437,577,000 | 2,429,041,000 | 2,303,462,000 | 2,242,676,000 | 2,221,583,000 | 2,288,234,000 | 2,331,716,000 | 2,108,805,000 | 2,143,623,000 | 1,962,609,000 | 1,935,653,000 | 1,915,183,000 |
allowance for credit losses on loans | -45,131,000 | -44,125,000 | -45,010,000 | -42,968,000 | -43,237,000 | -42,886,000 | -43,173,000 | -42,174,000 | -42,356,000 | -42,075,000 | -43,137,000 | -39,560,000 | ||||||||||||||||
accrued interest receivable | 20,931,000 | 18,012,000 | 17,996,000 | 17,743,000 | 21,687,000 | 19,155,000 | 19,481,000 | 16,605,000 | 20,881,000 | 17,672,000 | 15,917,000 | 14,421,000 | 16,432,000 | 12,408,000 | 12,216,000 | 10,512,000 | 13,900,000 | 11,778,000 | 11,981,000 | 11,277,000 | 15,233,000 | 13,632,000 | 13,598,000 | 11,015,000 | 13,924,000 | 11,675,000 | 9,976,000 | 9,962,000 |
premises and equipment | 51,563,000 | 51,809,000 | 51,329,000 | 50,873,000 | 52,951,000 | 53,323,000 | 53,952,000 | 54,221,000 | 55,070,000 | 56,391,000 | 56,416,000 | 56,079,000 | 56,337,000 | 56,532,000 | 56,531,000 | 57,387,000 | 57,699,000 | 59,056,000 | 59,127,000 | 59,211,000 | 60,331,000 | 61,399,000 | 61,883,000 | 61,829,000 | 61,873,000 | 59,189,000 | 59,705,000 | 59,572,000 |
bank-owned life insurance | 77,694,000 | 77,274,000 | 76,859,000 | 76,459,000 | 76,054,000 | 75,649,000 | 75,254,000 | 74,879,000 | 74,504,000 | 74,104,000 | 73,804,000 | 73,474,000 | 73,174,000 | 72,874,000 | 72,574,000 | 72,274,000 | 71,978,000 | 71,676,000 | 71,361,000 | 71,061,000 | 70,731,000 | 70,401,000 | 70,071,000 | 69,756,000 | 69,397,000 | 58,109,000 | 57,794,000 | 57,499,000 |
goodwill | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,315,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,508,000 | 19,968,000 | 19,968,000 | 18,757,000 | |||
intangible assets | 1,133,000 | 1,265,000 | 1,417,000 | 1,569,000 | 1,720,000 | 1,882,000 | 2,064,000 | 2,247,000 | 2,429,000 | 2,621,000 | 2,834,000 | 3,988,000 | 4,349,000 | 4,720,000 | 5,112,000 | 5,503,000 | 5,895,000 | 6,296,000 | 6,718,000 | 7,140,000 | 7,562,000 | 7,994,000 | 8,446,000 | 8,213,000 | 8,632,000 | 2,464,000 | ||
mortgage servicing rights | 24,041,000 | 24,458,000 | 25,134,000 | 24,906,000 | 26,292,000 | 24,573,000 | 26,426,000 | 26,843,000 | 26,569,000 | 27,749,000 | 26,658,000 | 25,795,000 | 27,474,000 | 28,424,000 | 27,505,000 | 25,425,000 | 19,700,000 | 18,122,000 | 15,977,000 | 13,558,000 | 9,049,000 | 6,562,000 | 3,776,000 | |||||
deferred tax asset | 20,433,000 | 21,650,000 | 23,469,000 | 21,944,000 | 22,840,000 | 18,889,000 | 22,319,000 | 21,309,000 | 19,413,000 | 28,135,000 | 22,359,000 | 21,779,000 | 22,818,000 | 24,317,000 | 16,907,000 | 8,393,000 | 3,038,000 | 2,598,000 | 1,675,000 | 4,004,000 | 2,461,000 | 3,650,000 | ||||||
other assets | 36,047,000 | 37,046,000 | 36,509,000 | 37,750,000 | 42,699,000 | 40,939,000 | 45,403,000 | 46,390,000 | 47,396,000 | 51,299,000 | 51,068,000 | 46,896,000 | 48,181,000 | 54,902,000 | 46,081,000 | 35,145,000 | 26,826,000 | 27,826,000 | 24,569,000 | 33,072,000 | 23,384,000 | 23,641,000 | 36,160,000 | 32,562,000 | 30,374,000 | 29,596,000 | 27,601,000 | 27,254,000 |
total assets | 4,480,500,000 | 4,479,437,000 | 4,363,674,000 | 4,405,209,000 | 4,232,239,000 | 4,337,659,000 | 4,220,936,000 | 4,218,993,000 | 4,204,793,000 | 4,186,440,000 | 4,150,129,000 | 4,058,049,000 | 3,944,063,000 | 3,992,690,000 | 3,974,724,000 | 3,999,744,000 | 3,901,855,000 | 3,774,175,000 | 3,712,915,000 | 3,732,894,000 | 3,599,160,000 | 3,542,666,000 | 3,584,532,000 | 3,216,563,000 | 3,237,167,000 | 2,795,582,000 | 2,777,170,000 | 2,745,997,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||
deposits: | ||||||||||||||||||||||||||||
noninterest-bearing | 1,023,517,000 | 1,049,501,000 | 998,759,000 | 966,464,000 | 935,510,000 | 998,480,000 | 951,565,000 | 974,174,000 | 974,201,000 | 1,046,253,000 | 1,100,767,000 | 1,110,939,000 | 1,150,488,000 | 1,262,072,000 | 1,195,732,000 | 1,131,215,000 | 1,071,367,000 | 1,054,264,000 | 998,941,000 | 962,205,000 | 917,322,000 | 906,059,000 | 940,853,000 | 740,946,000 | 790,921,000 | 556,233,000 | 513,383,000 | 497,566,000 |
interest-bearing | 2,850,560,000 | 2,831,642,000 | 2,740,179,000 | 2,826,055,000 | 2,685,366,000 | 2,720,880,000 | 2,672,948,000 | 2,664,397,000 | 2,651,952,000 | 2,574,361,000 | 2,473,755,000 | 2,397,115,000 | 2,255,942,000 | 2,198,464,000 | 2,230,105,000 | 2,318,942,000 | 2,269,855,000 | 2,157,981,000 | 2,159,554,000 | 2,193,427,000 | 2,057,029,000 | 2,037,743,000 | 2,006,984,000 | 1,924,902,000 | 1,905,936,000 | 1,729,741,000 | 1,768,475,000 | 1,807,363,000 |
total deposits | 3,874,077,000 | 3,881,143,000 | 3,738,938,000 | 3,792,519,000 | 3,620,876,000 | 3,719,360,000 | 3,624,513,000 | 3,638,571,000 | 3,626,153,000 | 3,620,614,000 | 3,574,522,000 | 3,508,054,000 | 3,406,430,000 | 3,460,536,000 | 3,425,837,000 | 3,450,157,000 | 3,341,222,000 | 3,212,245,000 | 3,158,495,000 | 3,155,632,000 | 2,974,351,000 | 2,943,802,000 | 2,947,837,000 | 2,665,848,000 | 2,696,857,000 | 2,285,974,000 | 2,281,858,000 | 2,304,929,000 |
accrued expenses and other liabilities | 52,093,000 | 59,999,000 | 58,863,000 | 58,547,000 | 62,060,000 | 64,870,000 | 68,177,000 | 61,496,000 | 61,358,000 | 71,617,000 | 61,131,000 | 59,631,000 | 58,265,000 | 68,048,000 | 62,404,000 | 40,305,000 | 31,038,000 | 41,533,000 | 35,640,000 | 38,038,000 | 31,229,000 | 41,592,000 | 47,731,000 | 38,560,000 | 29,098,000 | 32,861,000 | 27,524,000 | 35,723,000 |
subordinated debt | 14,100,000 | 14,100,000 | 64,054,000 | 64,007,000 | 63,961,000 | 63,914,000 | 63,868,000 | 63,821,000 | 63,775,000 | 76,100,000 | 76,054,000 | 76,007,000 | 75,961,000 | |||||||||||||||
junior subordinated deferrable interest debentures | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 | 46,393,000 |
total liabilities | 3,986,663,000 | 4,001,635,000 | 3,909,600,000 | 3,961,466,000 | 3,793,290,000 | 3,894,537,000 | 3,802,951,000 | 3,810,281,000 | 3,797,679,000 | 3,814,724,000 | 3,758,100,000 | 3,690,085,000 | 3,587,049,000 | 3,650,891,000 | 3,610,502,000 | 3,612,676,000 | 3,494,428,000 | 3,375,899,000 | 3,320,100,000 | 3,358,223,000 | 3,229,112,000 | 3,190,098,000 | 3,247,998,000 | 2,889,673,000 | 2,930,985,000 | 2,496,555,000 | 2,486,057,000 | 2,527,432,000 |
stockholders’ equity: | ||||||||||||||||||||||||||||
common stock | 16,294,000 | 16,248,000 | 16,230,000 | 16,236,000 | 16,456,000 | 16,386,000 | 16,424,000 | 16,432,000 | 16,417,000 | 16,600,000 | 16,952,000 | 17,062,000 | 17,027,000 | 17,065,000 | 17,417,000 | 17,673,000 | 17,760,000 | 17,824,000 | 18,014,000 | 18,053,000 | 18,076,000 | 18,059,000 | 18,059,000 | 18,056,000 | 18,036,000 | 18,004,000 | 17,979,000 | 14,772,000 |
additional paid-in capital | 91,065,000 | 91,116,000 | 90,268,000 | 89,799,000 | 97,287,000 | 97,367,000 | 97,766,000 | 97,406,000 | 97,107,000 | 102,633,000 | 111,133,000 | 112,981,000 | 112,834,000 | 116,565,000 | 125,332,000 | 130,618,000 | 133,215,000 | 136,401,000 | 140,212,000 | 140,633,000 | 141,112,000 | 141,245,000 | 140,620,000 | 140,699,000 | 140,492,000 | 140,268,000 | 140,189,000 | 80,412,000 |
retained earnings | 434,197,000 | 421,542,000 | 407,822,000 | 395,652,000 | 385,827,000 | 371,782,000 | 362,855,000 | 354,011,000 | 345,264,000 | 337,076,000 | 325,772,000 | 298,300,000 | 292,261,000 | 281,679,000 | 268,305,000 | 255,078,000 | 242,750,000 | 229,737,000 | 216,164,000 | 203,777,000 | 189,521,000 | 174,501,000 | 158,311,000 | 153,238,000 | 146,696,000 | 137,127,000 | 129,408,000 | 123,328,000 |
accumulated other comprehensive loss | -47,719,000 | -51,104,000 | -60,246,000 | -57,944,000 | -60,621,000 | -42,413,000 | -59,060,000 | -59,137,000 | -51,674,000 | -84,593,000 | -61,828,000 | -60,379,000 | ||||||||||||||||
total stockholders’ equity | 493,837,000 | 477,802,000 | 454,074,000 | 443,743,000 | 438,949,000 | 443,122,000 | 417,985,000 | 408,712,000 | 407,114,000 | 371,716,000 | 392,029,000 | 367,964,000 | 357,014,000 | 341,799,000 | 364,222,000 | 387,068,000 | 407,427,000 | 398,276,000 | 392,815,000 | 374,671,000 | 370,048,000 | 352,568,000 | 336,534,000 | 326,890,000 | 306,182,000 | 299,027,000 | 291,113,000 | 160,370,000 |
total liabilities and stockholders’ equity | 4,480,500,000 | 4,479,437,000 | 4,363,674,000 | 4,405,209,000 | 4,232,239,000 | 4,337,659,000 | 4,220,936,000 | 4,218,993,000 | 4,204,793,000 | 4,186,440,000 | 4,150,129,000 | 4,058,049,000 | 3,944,063,000 | 3,992,690,000 | 3,974,724,000 | 3,999,744,000 | 3,901,855,000 | 3,774,175,000 | 3,712,915,000 | 3,732,894,000 | 3,599,160,000 | 3,542,666,000 | 3,584,532,000 | 3,216,563,000 | 3,237,167,000 | 2,795,582,000 | 2,777,170,000 | 2,745,997,000 |
short-term borrowings | 1,352,000 | 3,890,000 | 17,525,000 | 26,550,000 | 7,765,000 | 9,565,000 | 17,400,000 | 37,165,000 | 9,855,000 | 8,810,000 | 18,915,000 | |||||||||||||||||
allowance for loan losses | -39,288,000 | -39,657,000 | -39,785,000 | -39,649,000 | -42,098,000 | -42,768,000 | -42,963,000 | -45,019,000 | -45,553,000 | -46,076,000 | -40,635,000 | -29,074,000 | -24,197,000 | -24,176,000 | -24,171,000 | -23,381,000 | ||||||||||||
accumulated other comprehensive income | -65,108,000 | -73,510,000 | -46,832,000 | -16,301,000 | 13,702,000 | 14,314,000 | 18,425,000 | 12,208,000 | 21,339,000 | 18,763,000 | 19,544,000 | 14,897,000 | 958,000 | 3,628,000 | 3,537,000 | 53,000 | ||||||||||||
subordinated debt securities | 75,914,000 | 75,868,000 | 75,821,000 | 75,775,000 | 75,728,000 | 75,682,000 | 75,635,000 | 75,589,000 | 75,546,000 | 26,472,000 | 26,472,000 | 26,472,000 | 26,472,000 | 26,472,000 | 26,472,000 | |||||||||||||
notes payable & other borrowings | 25,000,000 | 75,000,000 | 75,000,000 | 170,000,000 | 95,000,000 | 95,000,000 | 95,000,000 | 95,000,000 | 95,000,000 | |||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||
federal funds sold | 1,350,000 | 655,000 | 2,750,000 | |||||||||||||||||||||||||
commitments and contingent liabilities | ||||||||||||||||||||||||||||
esop owned shares | 58,195,000 | |||||||||||||||||||||||||||
less esop owned shares | 58,195,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||
net income | 15,254,000 | 16,318,000 | 14,605,000 | 12,294,000 | 16,497,000 | 11,212,000 | 11,134,000 | 10,874,000 | 10,324,000 | 13,494,000 | 29,683,000 | 9,244,000 | 12,621,000 | 15,458,000 | 15,883,000 | 14,278,000 | 14,614,000 | 15,190,000 | 13,650,000 | 15,160,000 | 15,924,000 | 16,731,000 | 5,615,000 | 7,083,000 | 10,109,000 | 8,258,000 | 6,080,000 | 4,773,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||
provision for credit losses | 1,775,000 | 500,000 | 2,500,000 | 420,000 | 1,200,000 | 495,000 | 1,775,000 | 830,000 | 600,000 | -700,000 | 3,700,000 | 1,010,000 | ||||||||||||||||
provision for foreclosed asset losses | 45,000 | 0 | ||||||||||||||||||||||||||
depreciation and amortization | 1,455,000 | 1,420,000 | 1,461,000 | 1,478,000 | 1,597,000 | 1,656,000 | 1,632,000 | 1,625,000 | 1,628,000 | 1,544,000 | 1,542,000 | 1,698,000 | 1,688,000 | 1,769,000 | 1,803,000 | 1,705,000 | 1,599,000 | 1,614,000 | 1,606,000 | 1,617,000 | 1,640,000 | 1,678,000 | 1,651,000 | 1,606,000 | 1,492,000 | 1,259,000 | 1,222,000 | 1,252,000 |
accretion and amortization | 518,000 | 722,000 | 735,000 | 738,000 | 749,000 | 749,000 | 752,000 | 594,000 | 650,000 | 751,000 | 989,000 | 991,000 | 983,000 | 1,012,000 | 1,014,000 | 1,063,000 | 1,118,000 | 1,152,000 | 1,129,000 | 1,102,000 | 934,000 | 751,000 | 379,000 | 349,000 | 199,000 | 12,000 | -308,000 | |
other gains | -18,000 | 0 | -117,000 | -149,000 | -214,000 | 48,000 | -27,000 | -36,000 | -133,000 | -79,000 | -101,000 | -6,000 | -417,000 | 358,000 | -590,000 | -131,000 | -6,000 | -2,000 | -88,000 | -58,000 | -2,383,000 | 162,000 | 27,000 | -146,000 | -3,000 | |||
gain on sale of subsidiary | 0 | -290,000 | ||||||||||||||||||||||||||
loss on sale of securities | 0 | 0 | ||||||||||||||||||||||||||
net gain on sales of loans | -2,021,000 | -2,338,000 | -2,655,000 | -2,591,000 | -2,367,000 | -2,715,000 | -2,788,000 | -2,654,000 | -1,950,000 | -2,631,000 | -3,528,000 | -2,918,000 | -2,840,000 | -4,452,000 | -5,979,000 | -7,493,000 | -10,076,000 | -12,848,000 | -12,317,000 | -15,943,000 | -16,252,000 | -20,942,000 | -17,797,000 | -8,540,000 | -6,000,000 | -6,626,000 | -6,235,000 | -4,660,000 |
proceeds from sales of loans held for sale | 67,876,000 | 75,034,000 | 72,127,000 | 73,385,000 | 60,638,000 | 80,772,000 | 84,791,000 | 69,962,000 | 8,363,000 | 106,050,000 | 131,904,000 | 101,266,000 | 124,151,000 | 166,975,000 | 203,806,000 | 288,280,000 | 334,573,000 | 374,127,000 | 434,671,000 | 434,582,000 | 429,217,000 | 437,662,000 | 356,331,000 | 210,963,000 | 193,280,000 | 186,247,000 | 131,586,000 | 142,435,000 |
loans originated for sale | -63,050,000 | -68,809,000 | -73,107,000 | -64,382,000 | -67,693,000 | -73,068,000 | -83,100,000 | -68,779,000 | -959,000 | -101,951,000 | -130,548,000 | -88,664,000 | -125,167,000 | -152,010,000 | -207,107,000 | -235,129,000 | -311,302,000 | -374,247,000 | -379,270,000 | -436,176,000 | -457,764,000 | -400,453,000 | -368,672,000 | -216,024,000 | -186,179,000 | -190,825,000 | -142,836,000 | -120,840,000 |
deferred income tax expense | -913,000 | 185,000 | 889,000 | -994,000 | -1,032,000 | 88,000 | -29,000 | 276,000 | -195,000 | 47,000 | -734,000 | -318,000 | -209,000 | 2,620,000 | ||||||||||||||
earnings on bank-owned life insurance | -420,000 | -415,000 | -400,000 | -405,000 | -405,000 | -395,000 | -375,000 | -375,000 | -400,000 | -300,000 | -330,000 | -300,000 | -300,000 | -300,000 | -300,000 | -296,000 | -302,000 | -315,000 | -300,000 | -330,000 | -330,000 | -330,000 | -315,000 | -359,000 | -356,000 | -315,000 | -295,000 | -327,000 |
stock-based compensation | 651,000 | 650,000 | 754,000 | 569,000 | 617,000 | 563,000 | 657,000 | 481,000 | 532,000 | 511,000 | 589,000 | 525,000 | 887,000 | 689,000 | 649,000 | 528,000 | ||||||||||||
change in valuation of mortgage servicing rights | 665,000 | 925,000 | 156,000 | 1,585,000 | -1,450,000 | 2,060,000 | 680,000 | -55,000 | 1,500,000 | -675,000 | -400,000 | 1,950,000 | 1,325,000 | -405,000 | -1,150,000 | -4,475,000 | -400,000 | -119,000 | 351,000 | -1,287,000 | ||||||||
net change in: | ||||||||||||||||||||||||||||
accrued interest receivable and other assets | -2,762,000 | -216,000 | -716,000 | 6,651,000 | -3,184,000 | 691,000 | -2,580,000 | 6,496,000 | -3,758,000 | 15,000 | -5,368,000 | 609,000 | 1,667,000 | -3,776,000 | -953,000 | 1,995,000 | -1,265,000 | -2,790,000 | 7,667,000 | -3,368,000 | 4,032,000 | 8,217,000 | -13,873,000 | -2,986,000 | 1,054,000 | -3,435,000 | -1,326,000 | 1,371,000 |
accrued expenses and other liabilities | -7,906,000 | 1,036,000 | 316,000 | -3,683,000 | -2,810,000 | -3,202,000 | 6,681,000 | 73,000 | -9,959,000 | 10,196,000 | 2,427,000 | -4,000 | -9,783,000 | 5,644,000 | 11,791,000 | 9,267,000 | -9,809,000 | 6,493,000 | -4,571,000 | 12,287,000 | -9,058,000 | -7,671,000 | 10,308,000 | 8,032,000 | -7,239,000 | 5,337,000 | 3,251,000 | 5,028,000 |
net cash from operating activities | 12,433,000 | 24,216,000 | 14,746,000 | 26,095,000 | 4,172,000 | 17,872,000 | 18,177,000 | 19,160,000 | 6,560,000 | 26,254,000 | 350,000 | 25,375,000 | 4,645,000 | 29,498,000 | 18,831,000 | 70,616,000 | 18,570,000 | 8,495,000 | 61,058,000 | 8,148,000 | -28,218,000 | 42,425,000 | -12,895,000 | 4,315,000 | 8,014,000 | 811,000 | -7,670,000 | 29,329,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 12,433,000 | 24,216,000 | 14,746,000 | 26,095,000 | 4,172,000 | 17,872,000 | 18,177,000 | 19,160,000 | 6,560,000 | 26,254,000 | 350,000 | 25,375,000 | 4,645,000 | 29,498,000 | 18,831,000 | 70,616,000 | 18,570,000 | 8,495,000 | 61,058,000 | 8,148,000 | -28,218,000 | 42,425,000 | -12,895,000 | 4,315,000 | 8,014,000 | 811,000 | -7,670,000 | 29,329,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||
activity in securities available for sale: | ||||||||||||||||||||||||||||
purchases | -404,041,000 | -7,529,000 | -4,934,000 | 0 | 0 | -299,849,000 | 0 | 0 | -44,301,000 | -132,412,000 | 0 | -4,983,000 | -19,519,000 | -37,046,000 | -121,436,000 | -37,037,000 | -8,896,000 | -112,358,000 | -324,009,000 | -153,790,000 | -6,041,000 | -5,192,000 | ||||||
sales | 0 | 0 | 0 | 0 | 0 | 94,514,000 | ||||||||||||||||||||||
maturities, prepayments, and calls | 412,110,000 | 18,165,000 | 8,872,000 | 10,661,000 | 9,178,000 | 8,705,000 | 8,695,000 | 311,363,000 | 208,176,000 | 11,512,000 | 9,607,000 | 10,811,000 | 20,481,000 | 12,454,000 | 30,700,000 | 17,618,000 | 25,347,000 | 22,999,000 | 28,629,000 | 43,350,000 | 45,232,000 | 39,030,000 | 19,075,000 | 11,513,000 | 29,841,000 | 15,936,000 | 85,926,000 | 7,552,000 |
loan originations and principal collections | -92,713,000 | 42,791,000 | -24,059,000 | -21,821,000 | -19,048,000 | 55,336,000 | -83,602,000 | 1,027,000 | -22,327,000 | -15,177,000 | -191,058,000 | -41,634,000 | -58,631,000 | -109,331,000 | -126,837,000 | -16,660,000 | -9,411,000 | -126,012,000 | -60,941,000 | -22,094,000 | 65,588,000 | 42,481,000 | -224,997,000 | 31,937,000 | 13,358,000 | -27,726,000 | -21,261,000 | 41,201,000 |
purchases of premises and equipment | -1,046,000 | -1,753,000 | -1,727,000 | -1,135,000 | -1,029,000 | -773,000 | -1,078,000 | -474,000 | 1,000 | -1,230,000 | -1,892,000 | -1,560,000 | -1,175,000 | -1,296,000 | -682,000 | -1,316,000 | -601,000 | -1,128,000 | -1,101,000 | -90,000 | -151,000 | -757,000 | -1,246,000 | -1,156,000 | -730,000 | -861,000 | -1,374,000 | -1,032,000 |
proceeds from sales of premises and equipment | 18,000 | 0 | 147,000 | 2,093,000 | 311,000 | 0 | 29,000 | 43,000 | 254,000 | 642,000 | 235,000 | 6,000 | 200,000 | 39,000 | 1,350,000 | 86,000 | 5,000 | 17,000 | 30,000 | 105,000 | 4,000 | 83,000 | 0 | 134,000 | 71,000 | 3,000 | ||
proceeds from sale of subsidiary | 0 | 580,000 | ||||||||||||||||||||||||||
capital improvements to foreclosed assets | ||||||||||||||||||||||||||||
proceeds from sales of foreclosed assets | 1,084,000 | 189,000 | 546,000 | 428,000 | 828,000 | 459,000 | 459,000 | 430,000 | 403,000 | 322,000 | 280,000 | 412,000 | 167,000 | 134,000 | 1,617,000 | 133,000 | 254,000 | 355,000 | 339,000 | 354,000 | 373,000 | 379,000 | 1,176,000 | 513,000 | 2,227,000 | 364,000 | 839,000 | 405,000 |
net cash from investing activities | -84,719,000 | 51,863,000 | -25,595,000 | -9,774,000 | -14,694,000 | 63,727,000 | -75,457,000 | 12,497,000 | -13,616,000 | -3,950,000 | -94,481,000 | -31,329,000 | -38,923,000 | -98,033,000 | -139,303,000 | -132,598,000 | 16,939,000 | -108,683,000 | -52,588,000 | -15,509,000 | -10,364,000 | 44,661,000 | -215,571,000 | 25,046,000 | -145,847,000 | -168,743,000 | 58,160,000 | 42,937,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||
net change in deposits | -7,066,000 | 142,205,000 | -53,581,000 | 171,643,000 | -98,484,000 | 94,847,000 | -14,058,000 | 12,418,000 | 5,539,000 | 46,092,000 | 66,468,000 | 101,624,000 | -54,106,000 | 34,699,000 | -24,320,000 | 108,935,000 | 128,977,000 | 53,750,000 | 2,863,000 | 181,281,000 | 30,549,000 | -4,035,000 | 281,988,000 | -31,008,000 | 24,707,000 | 4,116,000 | -23,071,000 | 27,475,000 |
proceeds from common stock issuance | 0 | 216,000 | 0 | 235,000 | 0 | 0 | ||||||||||||||||||||||
payments to tax authorities for stock-based compensation | -656,000 | 0 | -15,000 | -262,000 | -627,000 | 0 | 0 | -132,000 | -338,000 | -51,000 | 1,000 | -343,000 | -883,000 | -90,000 | 0 | -195,000 | -519,000 | 0 | 0 | -106,000 | -190,000 | 0 | -45,000 | -84,000 | -190,000 | |||
payments made on subordinated debt | ||||||||||||||||||||||||||||
cash dividends paid on common stock | -2,599,000 | -2,598,000 | -2,435,000 | -2,469,000 | -2,452,000 | -2,285,000 | -2,290,000 | -2,127,000 | -2,136,000 | -2,190,000 | -2,211,000 | -2,208,000 | ||||||||||||||||
payments to repurchase common stock | 0 | 0 | -276,000 | -8,250,000 | 0 | -1,000,000 | -305,000 | -35,000 | -5,903,000 | -9,312,000 | -3,773,000 | -9,718,000 | -6,191,000 | -3,017,000 | -3,145,000 | -4,404,000 | ||||||||||||
net cash from financing activities | -10,321,000 | 88,471,000 | -54,955,000 | 160,897,000 | -101,563,000 | 91,562,000 | -16,653,000 | 10,124,000 | -15,210,000 | 34,539,000 | 61,710,000 | 99,073,000 | -60,801,000 | 22,807,000 | -32,450,000 | 103,773,000 | 123,712,000 | 43,839,000 | -37,927,000 | 120,460,000 | 48,004,000 | -52,302,000 | 348,505,000 | -51,398,000 | 51,287,000 | 4,461,000 | 18,216,000 | 21,155,000 |
net change in cash and cash equivalents | -82,607,000 | 164,550,000 | -65,804,000 | 177,218,000 | -112,085,000 | 173,161,000 | -73,933,000 | 41,781,000 | -22,266,000 | 56,843,000 | -32,421,000 | 93,119,000 | -95,079,000 | -45,728,000 | -152,922,000 | 41,791,000 | 159,221,000 | -56,349,000 | -29,457,000 | 113,099,000 | 9,422,000 | 34,784,000 | 120,039,000 | -22,037,000 | -86,546,000 | -163,471,000 | 68,706,000 | 93,421,000 |
beginning cash and cash equivalents | 0 | 0 | 0 | 359,082,000 | 0 | 0 | 0 | 330,158,000 | 0 | 0 | 0 | 234,883,000 | 0 | 0 | 0 | 486,821,000 | 0 | 0 | 0 | 300,307,000 | 0 | 0 | 0 | 158,099,000 | 0 | 0 | 0 | 245,989,000 |
ending cash and cash equivalents | -82,607,000 | 164,550,000 | -65,804,000 | 536,300,000 | -112,085,000 | 173,161,000 | -73,933,000 | 371,939,000 | -22,266,000 | 56,843,000 | -32,421,000 | 328,002,000 | -95,079,000 | -45,728,000 | -152,922,000 | 528,612,000 | 159,221,000 | -56,349,000 | -29,457,000 | 413,406,000 | 9,422,000 | 34,784,000 | 120,039,000 | 136,062,000 | -86,546,000 | -163,471,000 | 68,706,000 | 339,410,000 |
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||
interest paid on deposits and borrowed funds | 20,128,000 | 21,792,000 | 21,688,000 | 22,485,000 | 21,271,000 | 25,812,000 | 21,479,000 | 24,188,000 | 20,659,000 | 20,854,000 | 15,337,000 | 13,215,000 | 8,817,000 | 6,334,000 | 3,066,000 | 3,553,000 | 2,697,000 | 4,151,000 | 2,553,000 | 4,070,000 | 3,160,000 | 3,333,000 | 3,852,000 | 5,771,000 | 6,243,000 | 7,016,000 | 7,726,000 | 7,140,000 |
supplemental schedule of noncash activities: | ||||||||||||||||||||||||||||
loans transferred to foreclosed assets | 975,000 | 1,481,000 | 483,000 | 498,000 | 520,000 | 675,000 | 352,000 | 380,000 | 1,118,000 | 315,000 | 252,000 | 445,000 | 299,000 | 112,000 | 111,000 | 242,000 | 205,000 | 238,000 | 106,000 | 378,000 | 399,000 | 380,000 | 514,000 | 574,000 | 931,000 | 355,000 | 706,000 | 460,000 |
premises and equipment transferred to foreclosed assets | ||||||||||||||||||||||||||||
additions to mortgage servicing rights | 248,000 | 249,000 | 384,000 | 199,000 | 269,000 | 207,000 | 263,000 | 219,000 | 320,000 | 416,000 | 463,000 | 271,000 | 375,000 | 514,000 | 930,000 | 1,250,000 | 1,178,000 | 2,026,000 | 2,770,000 | 3,222,000 | ||||||||
deferred income tax benefit | ||||||||||||||||||||||||||||
payments on subordinated debt | ||||||||||||||||||||||||||||
income taxes paid | 4,623,000 | 4,214,000 | 4,696,000 | 3,157,000 | 15,149,000 | 5,347,000 | 5,712,000 | 3,558,000 | 4,794,000 | 2,110,000 | 1,511,000 | |||||||||||||||||
net change in short-term borrowings | 0 | -3,890,000 | -13,635,000 | -9,025,000 | 18,785,000 | -1,800,000 | -7,835,000 | -19,765,000 | 27,310,000 | 1,045,000 | -10,105,000 | 1,210,000 | ||||||||||||||||
premises and equipment transferred to other real estate owned | 0 | |||||||||||||||||||||||||||
payments made on notes payable and other borrowings | 0 | 0 | -25,000,000 | -50,000,000 | 0 | 0 | 0 | 0 | -7,530,000 | |||||||||||||||||||
provision for loan losses | 248,000 | -782,000 | 0 | -2,085,000 | 0 | 0 | -2,007,000 | 89,000 | 141,000 | 6,062,000 | 13,133,000 | 6,234,000 | 896,000 | 420,000 | 875,000 | 608,000 | ||||||||||||
cash paid for acquisition | 0 | 0 | ||||||||||||||||||||||||||
goodwill adjustment related to litigation settlement | 0 | |||||||||||||||||||||||||||
proceeds from subordinated debt issuance | -4,000 | |||||||||||||||||||||||||||
proceeds from notes payable and other borrowings | ||||||||||||||||||||||||||||
business combination measurement period adjustment | 1,211,000 | |||||||||||||||||||||||||||
cash dividends on common stock | -2,084,000 | -1,939,000 | -1,950,000 | -1,601,000 | -1,617,000 | -1,263,000 | -904,000 | -904,000 | -541,000 | -542,000 | -541,000 | -540,000 | ||||||||||||||||
net amortization of premium on investment securities | ||||||||||||||||||||||||||||
net cash received in business combinations | ||||||||||||||||||||||||||||
stock based compensation | 403,000 | 432,000 | 390,000 | 625,000 | 31,000 | 310,000 | 265,000 | |||||||||||||||||||||
proceeds from notes payable & other borrowings | 0 | |||||||||||||||||||||||||||
measurement period acquisition adjustment | ||||||||||||||||||||||||||||
purchase of treasury stock | -786,000 | 0 | ||||||||||||||||||||||||||
other losses | ||||||||||||||||||||||||||||
supplemental schedule of noncash investing and financing activities: | ||||||||||||||||||||||||||||
share-based liability awards modified to equity awards | 0 | |||||||||||||||||||||||||||
maturities, prepayments, and calls of held to maturity securities | ||||||||||||||||||||||||||||
financed foreclosed asset sales | ||||||||||||||||||||||||||||
activity in securities held to maturity: |
