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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Consolidated Statements Of Cash Flows [Abstract]    
Net income $ 6,421 $ 2,006
Adjustments to reconcile net income to net cash from (used by) operating activities:    
Depreciation 97 86
Amortization, net (711) (159)
Deferred income tax (benefit) (8) (38)
Originations of loans held for sale (920,058) (342,138)
Proceeds from sale of loans held for sale 763,245 377,294
Net gains on sales of loans (6,360) (2,844)
Provision for loan and lease losses
Loss on disposal of premises and equipment 3  
Earnings on bank owned life insurance (90) (36)
Gain on redemption of life insurance policies (380)  
Stock-based compensation expense 161 143
Net change in:    
Accrued interest receivable and other assets 5,429 (6,588)
Operating lease right-of-use asset 102 95
Operating lease right-of-use liability (112) (104)
Accrued interest payable and other liabilities (10,141) 7,232
Net cash from (used by) operating activities (162,402) 34,949
Cash flows from investing activities    
Available-for-sale securities: Maturities, prepayments and calls 2,007 2,518
Available-for-sale securities: Purchases (3,095) (5,552)
Purchase of bank owned life insurance (8,000)  
Loan and lease originations and payments, net (54,838) (42,993)
Additions to premises and equipment (139) (135)
Purchase of FRB and FHLB Stock (317) (502)
Purchase of other investments (348) (1,000)
Return of investment- joint ventures 136  
Proceeds from the redemption of life insurance policies 658  
Net cash from (used by) investing activities (63,936) (47,664)
Cash flows from financing activities:    
Net change in deposits 207,310 2,182
Proceeds from FHLB advances and other debt 96,500 122,400
Repayments on FHLB advances and other debt (116,965) (82,025)
Net change in warehouse line of credit (56,067)  
Net change in advances by borrowers for taxes and insurance (108) (293)
Cash dividends paid on common stock (196)  
Proceeds from exercise of stock options 106  
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes (22) (27)
Purchase of treasury shares   (49)
Net cash from financing activities 130,558 42,188
Net change in cash and cash equivalents (95,780) 29,473
Beginning cash and cash equivalents 221,594 45,879
Ending cash and cash equivalents 125,814 75,352
Supplemental cash flow information:    
Interest paid 3,108 3,624
Supplemental noncash disclosures:    
Loans transferred from held for sale to portfolio 15,885 1,404
Investment payable on limited partnerships 521  
Initial recognition of operating right-of-use lease asset 252  
Initial recognition of operating right-of-use lease liability $ 252  
Loans held for sale funded with other debt, net of repayments   $ 13,202