BANNER CORPORATION BANR Cash Flow

Banner corporation (BANR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
OPERATING ACTIVITIES:
Net income
16,882	33,655	39,577	39,700	33,346	37,528	37,773	32,424	28,790	-13,548	25,077	25,454	23,793	22,804	23,850	20,957	17,774	6,893	12,946	13,249	12,134	11,714	14,819	16,988	10,549	11,213	11,665	11,754	11,582	14,688	15,620	25,390	9,184	5,070	6,030	2,199	-7,842
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation
4,614	4,366	4,187	4,266	4,481	4,186	3,761	3,669	3,584	4,547	3,669	3,596	2,888	4,245	3,170	3,190	2,859	3,678	2,181	2,096	2,002	1,983	2,028	1,994	2,059	1,917	1,861	1,827	1,852	1,740	3,664	477	1,907	2,084	2,151	2,189	2,169
Deferred income and expense, net of amortization
-1,129	-531	297	248	-895	-2,566	-2,487	-910	-608	3,485	-112	-1,136	-265	-1,742	4	-743	1,158	-3,728	887	422	885	-1,014	672	756	1,127	414	553	717	1,516	993	598	731	542	438	347	247	613
Amortization of core deposit intangibles
2,001	2,061	1,985	2,053	2,052	1,935	1,348	1,382	1,382	1,456	1,542	1,624	1,624	1,722	1,724	1,807	1,808	1,896	285	367	616	530	531	450	479	488	471	477	505	509	508	523	552	555	554	570	597
Debt and Equity Securities, Gain (Loss)
78	62	-2	-28	1	-885	0	44	4	-2,310	271	-54	13	312	890	-380	21	-3	0	-27	-510	1	6	0	35	2	2	12	1,006	3	19	29	0	-	-	-	-
Net change in valuation of financial instruments carried at fair value
-4,596	-36	-69	-114	11	198	45	224	3,308	-1,013	-493	-650	-688	-1,148	-1,124	-377	29	-1,548	-1,112	797	1,050	-288	1,453	464	-255	-324	-353	-254	-1,347	386	473	-19,059	1,685	-1,787	3,358	-1,939	-256
Purchases of securities—trading
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,725	1	6,337	0	0	0	0	0	2,387	4,955	4,081	19,187	4,190	3,247	2,161	0	0	-	-	-	-
Proceeds from (Payments for) Trading Securities, Short-term
-	-	-	-	-	-	-	-	-	-	-	-	0	6,157	1,682	0	0	1,934	-15	210	2,290	0	0	0	2,387	4,957	4,084	19,197	6,070	2,903	2,170	0	0	-	-	-	-
Principal repayments and maturities of securities—trading
-	-	-	-	-	-	-	-	-	231	1,601	8	9	219	1,275	306	1,946	1,630	642	6,584	679	10,918	12,089	647	4,055	1,390	1,462	1,709	1,948	2,042	7,318	2,474	4,046	4,104	3,705	3,046	4,554
Gain (Loss) on Sale of Branches, including loans and deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-409	0	409	0	0	-	-	-	-
Decrease in deferred taxes, net
-16,507	588	-2,443	-8,314	-5,379	-3,546	534	1,094	5,416	-47,906	-1,797	-2,939	-3,625	2,864	1,012	-3,014	-8,745	4,003	-143	1,390	-1,344	-8,679	258	4,296	1,159	-16,806	8,367	-5,642	6,212	6,467	-9,902	-31,572	0	-	-	-	-
Increase in current taxes payable
2,067	-2,803	2,467	-6,300	7,243	-3,289	1,624	-966	6,569	-5,818	446	2,112	295	-4,292	-1,647	1,215	2,540	-4,319	3,782	2,573	-3,555	1,776	433	996	8,566	1,236	-7,809	2,292	-6,537	-9,088	10,177	0	0	-	-	-	-
Stock-based compensation
1,872	-	1,707	2,175	1,219	1,710	1,613	1,911	1,320	1,733	1,566	1,541	1,125	1,176	1,219	1,034	876	2,390	631	774	539	592	859	366	452	466	105	271	207	245	88	62	45	45	31	31	29
Increase in cash surrender value of BOLI
1,041	1,160	704	1,115	1,267	985	1,718	924	844	1,011	1,034	927	1,085	879	1,332	1,127	1,169	1,056	545	448	432	459	471	433	425	496	521	454	528	1,065	572	428	489	505	2,330	-455	-470
Gain on sale of loans, including capitalized servicing rights
8,363	4,159	5,104	4,667	2,063	4,251	4,282	3,158	3,375	3,572	678	5,479	5,496	3,130	6,082	4,628	3,873	2,577	2,591	2,856	2,692	1,845	1,707	1,547	981	993	1,202	2,173	2,130	4,037	2,466	1,915	1,736	1,234	3,156	-470	-694
Loss on disposal of real estate held for sale and property and equipment
-444	199	-553	-350	-371	-584	-441	1,916	-58	1,857	212	1,187	1,039	641	308	867	-427	53	113	103	122	259	364	294	159	76	991	638	816	969	2,957	575	113	-211	-1,775	-18	539
Provision for Loan and Lease Losses
21,700	4,000	2,000	2,000	2,000	2,500	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,030	2,000	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Other Credit Losses
1,722	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for losses on real estate held for sale
21,748	0	0	-2,000	2,000	200	27	0	160	0	0	206	50	72	168	431	205	0	34	182	0	-1	0	0	37	295	191	226	73	1,727	4,254	5,568	6,629	7,657	9,569	12,811	20,027
Origination of loans held for sale
296,712	337,954	359,056	262,480	134,747	258,759	221,912	193,622	222,168	180,460	232,092	227,035	167,550	309,614	288,937	262,306	202,471	253,857	165,867	152,021	137,290	99,700	101,534	92,237	68,388	66,940	97,491	135,897	127,214	134,241	125,735	120,784	122,732	92,392	301,047	-53,498	-61,208
Proceeds from sales of loans held for sale
333,094	376,555	290,015	142,266	261,978	165,486	232,178	259,755	124,460	215,211	227,029	245,871	339,878	189,535	285,104	201,228	205,023	214,199	166,477	163,141	133,349	105,709	103,614	89,701	68,864	73,665	96,619	137,061	135,880	133,257	128,055	120,569	122,853	94,614	71,539	53,084	63,207
Net change in:
Other assets
51,061	-7,952	14,250	10,659	1,472	16,382	1,213	-6,834	5,100	-6,628	-781	-4,549	9,412	-24,187	61	4,796	15,571	1,431	2,864	-1,679	4,703	192	151	-2,399	4,366	1,240	-1,226	-15,733	-3,707	-1,134	2,083	1,229	-1,360	-1,652	-32,676	1,282	15,086
Other liabilities
5,400	-2,810	14,309	6,936	-12,847	12,053	3,472	4,108	-2,311	-35	3,194	1,945	-5,283	-20,224	6,198	3,820	3,542	2,465	3,019	-2,170	776	3,403	-2,979	6,045	-3,099	6,425	2,921	-2,134	-2,885	-109	2,823	2,721	-1,866	2,781	150	-617	-210
Net cash provided from operating activities
52,563	80,382	-19,503	-76,771	164,766	-55,685	52,295	108,976	-74,811	69,289	34,796	56,785	185,832	-90,403	27,249	-34,708	22,044	-34,389	13,822	31,504	5,280	30,695	26,638	20,584	20,149	27,020	17,781	25,381	25,184	12,560	29,316	21,042	18,497	26,872	19,838	18,462	36,141
INVESTING ACTIVITIES:
Purchases of securities—available-for-sale
143,973	158,680	66,298	47,385	5,140	245,495	77,191	53,401	537,864	131,336	126,590	122,355	457,966	893	26,725	92,300	123,197	48,481	41,908	28,978	22,622	10,683	17,750	1,426	28,846	4,010	14,346	126,882	52,673	113,497	113,335	140,241	46,409	201,282	595,649	-110,009	-64,730
Principal repayments and maturities of securities—available-for-sale
82,760	112,114	88,758	68,728	51,910	50,322	53,279	41,014	28,839	51,917	55,014	47,703	32,446	48,290	53,067	48,801	41,376	56,130	11,753	16,293	29,255	33,322	9,113	12,217	7,868	9,782	6,154	35,433	33,055	98,974	87,718	78,175	124,547	103,321	136,685	65,187	22,844
Proceeds from sales of securities—available-for-sale
44,509	42,969	2,355	40,243	516	206,246	0	8,363	0	487,005	19,912	13,482	2,165	136,503	136,467	66,219	30,566	192,327	0	17,983	22,310	285	27,775	0	28,207	0	0	89,374	13,900	0	1,531	11,751	0	-	-	-	-
Purchases of securities—held-to-maturity
206,155	12,500	42,350	0	0	1,143	0	3,157	5,312	1,385	500	4,605	0	0	21,764	11,589	26,991	1,867	725	3,101	7,664	3,840	1,435	26,417	7,269	13,258	3,934	6,946	2,083	6,892	5,891	8,328	1,896	1,177	18,791	-4,247	-3,241
Principal repayments and maturities of securities—held-to-maturity
3,786	5,991	15,035	15,192	14,744	24,861	3,869	2,064	2,358	5,273	3,227	2,363	954	3,551	3,907	2,708	843	3,369	421	4,216	4,972	5,337	1,254	2,558	45	7,175	1,626	933	54	9,006	513	1,836	451	5,008	4,102	2,759	205
Loan originations, net of principal repayments
16,646	-145,437	-94,113	-55,653	-8,988	-197,992	-135,765	-128,035	45,574	-77,412	-179,273	-151,835	119,569	-41,594	-18,109	-73,777	57,558	46,272	-14,698	-62,444	-1,805	7,203	3,924	-103,032	-52,247	-115,293	14,274	-52,086	-13,980	-17,776	-8,421	7,164	65,012	-60,230	53,131	-5,067	44,092
Purchases of loans and participating interest in loans
-	-	-	-	-	31,932	-520	928	1,340	15,360	46,530	-34,588	99,206	4,749	81,564	78,663	70,551	80,251	122,719	78,879	41,684	42,060	50,481	47,862	53,978	48,559	75	0	91	13,614	128	100	4,635	27,273	717	-29	-68
Proceeds from sales of other loans
5,751	11,281	9,124	3,969	3,186	3,224	1,896	2,983	1,750	12,467	5,506	-677	4,627	-9,414	31,534	17,906	144,499	95,169	12,026	2,212	15,000	6,668	2,118	1,172	1,319	14,502	1,515	2,293	995	-	-	-	-	-	-	-	-
Net cash (paid) received from acquisitions and branch divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54,391	0	0	78,599	0	0	127,557	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
3,086	7,962	4,979	7,812	3,947	10,112	3,057	4,901	5,024	4,603	2,285	1,758	3,598	7,016	3,127	1,765	4,331	2,225	3,920	4,509	1,418	1,911	1,407	1,386	1,231	2,701	3,071	1,306	1,133	1,790	2,639	597	587	1,101	3,899	-1,018	-395
Proceeds from sale of real estate held for sale and sale of other property, net
877	1,006	2,566	3,367	876	786	615	6,175	192	4,248	961	1,228	13,684	6,492	1,699	1,656	4,666	1,585	906	511	1,738	1,292	959	1,031	1,641	1,186	3,971	5,307	6,480	7,358	10,368	7,829	15,410	28,304	18,389	30,929	17,335
Proceeds from FHLB stock repurchase program
47,840	45,925	39,700	38,001	52,372	33,097	30,200	47,320	32,558	38,248	26,900	23,964	29,192	10,444	32,841	17,772	19,624	27,390	0	19,424	2,029	2,070	10,483	-2,097	-2,102	2,312	-332	-332	-333	-	-	-	-	-	-	-	-
Purchase of FHLB stock
39,745	46,640	30,740	45,520	47,480	44,743	29,480	49,200	40,260	27,728	35,420	25,964	27,020	10,124	22,321	27,771	16,914	22,986	648	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
72	25	-514	-462	-485	-21	-3,145	-189	-228	73	-29	-223	-75	-785	-603	-43	-1,276	-851	-447	243	-37	-38	9	2,049	5	-232	479	-143	23	-1,527	102	327	3	65	275	-55	-51
Net cash (used in) provided from investing activities
-190,862	-115,822	-98,641	12,815	58,534	-194,022	-151,969	-151,926	-478,301	454,483	-279,049	-183,643	-385,078	132,275	86,508	-130,760	58,424	212,892	-159,065	-117,515	78,747	-2,279	-23,854	-35,540	-102,394	-143,817	5,967	-53,405	-15,166	-26,520	-30,053	-42,838	151,890	-139,495	-26,159	-21,550	15,991
FINANCING ACTIVITIES:
Increase (decrease) in deposits, net
400,895	6,496	454,210	-87,262	-100,819	-18,984	157,908	5,259	359,631	-195,102	55,119	61,771	300,546	9,442	192,197	-110,087	-25,206	54,523	90,508	-22,271	104,061	-92,168	72,199	24,298	64,609	73,936	74,961	-60,260	-37,220	71,432	60,623	-422	-49,483	-61,780	71,034	-74,248	-50,550
Proceeds from FHLBank Advance, Investing Activities
0	150,000	0	0	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	0	222,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term Federal Home Loan Bank Advances
0	180,226	100,000	0	189	2	3	3	2	2	3	2	2	25,002	3	50,002	20,002	-15,798	-238,698	2	254,502	-	-	-	-	-	-	-	-	-	-	-	2	-	65,606	-2	-32,800
Repayment of overnight and short term FHLB advances, net
-203,000	58,000	-124,000	188,000	-422,000	319,000	-18,000	47,000	192,000	-113,000	63,000	50,000	-54,000	17,000	-263,000	300,000	-37,600	-	-	-	-	32,005	-45,001	-3,102	21,098	-	-34,002	53,999	-10,002	-	-	-	-	-	-	-	-
Increase in other borrowings, net
-10,289	1,539	-1,645	3,350	-2,724	-4,751	13,479	-10,614	-5,984	7,854	12,741	3,790	-14,560	3,226	3,397	-6,176	-7,807	-5,241	6,439	2,497	-19,835	-9,580	21,340	975	-6,864	-147	7,870	-2,333	-11,813	5,642	7,755	1,220	60,878	-12,414	75,637	-23,617	-15,911
Cash dividends paid
50,505	14,001	14,167	14,501	13,405	12,291	27,495	11,329	8,165	8,292	41,504	8,348	7,615	7,740	7,195	7,181	6,166	6,139	3,759	3,760	3,512	3,512	3,511	3,512	2,927	2,927	2,342	2,335	195	1,275	1,739	1,731	1,725	1,720	12,496	-2,707	-2,682
Taxes paid related to net share settlement of equity awards
339	11	35	1,600	269	190	21	1,214	129	443	0	742	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash proceeds from issuance of shares for shareholder reinvestment plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	34	34	33	33	27	27	22	21	2	3	12,703	14,737	8,874	7,820	5,471	3,801	4,464
Payments for Repurchase of Common Stock
31,775	0	21,849	32,073	0	19,042	0	0	15,359	29,645	1,400	-809	809	-	-	-	648	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from (used in) financing activities
125,565	18,719	195,804	49,214	-233,958	273,242	98,910	50,327	533,960	-504,338	212,471	99,698	252,235	-40,070	-102,496	139,554	-81,815	-51,825	96,508	-28,530	88,416	-54,069	2,380	16,742	89,671	78,181	30,769	-6,242	-35,602	-8,498	15,317	11,363	-103,214	-43,268	78,204	-96,773	-97,479
NET CHANGE IN CASH AND CASH EQUIVALENTS
-12,734	-16,721	77,660	-14,742	-10,658	23,535	-764	7,377	-19,152	19,434	-31,782	-27,160	52,989	1,802	11,261	-25,914	-1,347	126,678	-48,735	-114,541	172,443	-25,653	5,164	1,786	7,426	-38,616	54,517	-34,266	-25,584	-22,458	14,580	-10,433	67,173	-155,891	71,883	-99,861	-45,347
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid in cash
13,014	12,891	15,456	16,080	13,812	9,197	7,181	6,535	5,185	5,469	4,942	4,262	4,202	3,941	4,212	4,220	4,349	4,427	2,633	2,616	2,576	2,652	2,750	2,706	2,821	3,025	3,250	3,377	3,710	4,127	4,786	5,084	6,715	6,883	8,656	9,095	10,480
Tax refunds received
-29	9,109	4,743	13,548	-71	8,635	4,223	8,809	-3	9,901	8,493	8,563	8,543	12,402	12,726	8,444	2,581	10,765	2,881	4,675	8,935	6,945	5,810	4,077	-3,785	5,681	5,771	5,945	5,431	7,052	1,779	800	0	0	10	20	-13,078
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Loans, net of discounts, specific loss allowances and unearned income, transferred to real estate owned and other repossessed assets
1,588	57	92	154	0	194	32	443	976	0	0	10	0	8,388	166	457	135	1,205	1,085	1,476	690	474	134	2,015	870	705	973	429	1,341	2,438	3,111	6,910	1,611	7,638	18,963	11,978	14,939
ACQUISITIONS (DISPOSITIONS):
Assets Disposed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,459,442	0	0	370,306	0	0	221,206	0	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed (transferred)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,922,203	0	0	327,548	0	0	212,127	0	-	-	-	-	-	-	-	-	-	-	-	-