| Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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Net income | 24 | 24 | 16 | 40 | 35 |
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Depreciation | 1 | 2 | 2 | 1 | 2 |
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Net amortization of premiums on securities | - | -1 | -1 | -1 | -0 |
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Net accretion of discounts on loans | -1 | 4 | 3 | 4 | 4 |
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Net accretion of deferred loan fees | 1 | 0 | 3 | 6 | 2 |
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Amortization of servicing assets | 3 | 2 | 2 | 2 | 2 |
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Provision (reversal) for loan losses | - | - | - | - | 4 |
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Bank-owned life insurance income | - | - | - | 0 | 1 |
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Deferred tax expense (benefit) | 1 | -3 | -4 | -2 | 12 |
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Share-based compensation | 1 | 1 | 1 | 0 | 1 |
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Gain on sale of loans | 6 | 6 | 7 | 13 | 8 |
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Originations of loans held-for-sale | 100 | 105 | 141 | 172 | 106 |
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Proceeds from Sale and Collection of Loans Held-for-sale | 106 | 117 | 149 | 150 | 133 |
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Change in accrued interest receivable and other assets | 1 | -1 | 2 | -3 | 13 |
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Increase (Decrease) in Interest Payable, Net | 4 | -2 | -7 | 2 | 2 |
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Net cash provided by (used in) operating activities | 35 | 30 | 17 | -2 | 57 |
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Purchase of securities available-for-sale | 42 | 12 | 39 | 47 | 57 |
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Proceeds from maturities, calls, and paydowns of securities available-for-sale | 23 | 30 | 37 | 41 | 23 |
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Proceeds from maturities, calls, and paydowns of securities held-to-maturity | 1 | 4 | 1 | - | - |
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Proceeds from Sale of Loans and Leases Held-for-investment | 8 | 1 | 1 | 9 | 0 |
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Net increase in loans held-for-investment | - | - | 135 | 149 | 317 |
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Purchase of loans held-for-investment | - | 2 | - | 2 | - |
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Purchase of Federal Home Loan Bank and other restricted stock | 1 | 1 | 0 | 0 | 2 |
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Proceeds from Sale of Other Real Estate | 0 | 0 | 4 | 3 | 1 |
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Purchases of premises and equipment | 1 | 1 | 2 | 0 | 5 |
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Purchase of bank-owned life insurance | - | - | - | 29 | - |
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Net cash used in investing activities | -173 | -62 | -133 | -175 | -357 |
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Net increase in deposits | 192 | 36 | 116 | 272 | 179 |
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Net change in short-term Federal Home Loan Bank advances | - | - | - | - | 20 |
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Proceeds from FHLBank Borrowings, Financing Activities | - | - | 140 | - | - |
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Repayment of long-term Federal Home Loan Bank advances | 10 | 10 | 80 | 70 | 10 |
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Stock options exercised | 0 | 1 | 1 | 1 | 1 |
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Restricted stock surrendered due to employee tax liability | - | - | - | 0 | 0 |
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Issuance of preferred stock | - | - | - | - | 69 |
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Repurchase of common stock | - | 6 | 6 | 11 | 7 |
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Cash dividends paid on common stock | 2 | 4 | 6 | 7 | 9 |
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Net cash provided by financing activities | 226 | 16 | 164 | 186 | 243 |
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Net increase (decrease) in cash and cash equivalents | - | -16 | 48 | 9 | -56 |
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Interest paid | 14 | 24 | 17 | 6 | 10 |
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Income taxes paid | 8 | 13 | 10 | 15 | 14 |
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Loans transferred to loans held-for-sale | 8 | 1 | 1 | 9 | 4 |
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Loans transferred to other real estate owned | - | 0 | 3 | 1 | 0 |
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Right-of-use assets obtained in exchange for lease obligations | - | 2 | 1 | 1 | 2 |
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Reclassification of securities held-to-maturity to securities available-for-sale | - | - | 19 | - | - |
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