BANNER CORPORATION BANR Cash Flow

Banner corporation (BANR)

CashFlow / TTM

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
129,814	146,278	150,151	148,347	141,071	136,515	85,439	72,743	65,773	60,776	97,128	95,901	91,404	85,385	69,474	58,570	50,862	45,222	50,043	51,916	55,655	54,070	53,569	50,415	45,181	46,214	49,689	53,644	67,280	64,882	55,264	45,674	22,483	5,457	0	0	0
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation
17,433	17,300	17,120	16,694	16,097	15,200	15,561	15,469	15,396	14,700	14,398	13,899	13,493	13,464	12,897	11,908	10,814	9,957	8,262	8,109	8,007	8,064	7,998	7,831	7,664	7,457	7,280	9,083	7,733	7,788	8,132	6,619	8,331	8,593	0	0	0
Deferred income and expense, net of amortization
-1,115	-881	-2,916	-5,700	-6,858	-6,571	-520	1,855	1,629	1,972	-3,255	-3,139	-2,746	-1,323	-3,309	-2,426	-1,261	-1,534	1,180	965	1,299	1,541	2,969	2,850	2,811	3,200	3,779	3,824	3,838	2,864	2,309	2,058	1,574	1,645	0	0	0
Amortization of core deposit intangibles
8,100	8,151	8,025	7,388	6,717	6,047	5,568	5,762	6,004	6,246	6,512	6,694	6,877	7,061	7,235	5,796	4,356	3,164	1,798	2,044	2,127	1,990	1,948	1,888	1,915	1,941	1,962	1,999	2,045	2,092	2,138	2,184	2,231	2,276	0	0	0
Debt and Equity Securities, Gain (Loss)
110	33	-914	-912	-840	-837	-2,262	-1,991	-2,089	-2,080	542	1,161	835	843	528	-362	-9	-540	-536	-530	-503	42	43	39	51	1,022	1,023	1,040	1,057	51	0	0	0	-	-	-	-
Net change in valuation of financial instruments carried at fair value
-4,815	-208	26	140	478	3,775	2,564	2,026	1,152	-2,844	-2,979	-3,610	-3,337	-2,620	-3,020	-3,008	-1,834	-813	447	3,012	2,679	1,374	1,338	-468	-1,186	-2,278	-1,568	-742	-19,547	-16,515	-18,688	-15,803	1,317	-624	0	0	0
Purchases of securities—trading
-	-	-	-	-	-	-	-	-	-	-	-	-	1,725	1,726	8,063	8,063	6,338	6,337	0	0	2,387	7,342	11,423	30,610	32,413	30,705	28,785	9,598	5,408	0	0	0	-	-	-	-
Proceeds from (Payments for) Trading Securities, Short-term
-	-	-	-	-	-	-	-	-	-	-	-	7,839	7,839	3,616	1,919	2,129	4,419	2,485	2,500	2,290	2,387	7,344	11,428	30,625	34,308	32,254	30,340	11,143	5,073	0	0	0	-	-	-	-
Principal repayments and maturities of securities—trading
-	-	-	-	-	-	-	-	-	1,849	1,837	1,511	1,809	3,746	5,157	4,524	10,802	9,535	18,823	30,270	24,333	27,709	18,181	7,554	8,616	6,509	7,161	13,017	13,782	15,880	17,942	14,329	14,901	15,409	0	0	0
Gain (Loss) on Sale of Branches, including loans and deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-409	-409	0	0	409	0	0	0	-	-	-	-
Decrease in deferred taxes, net
-26,676	-15,548	-19,682	-16,705	-7,297	3,498	-40,862	-43,193	-47,226	-56,267	-5,497	-2,688	-2,763	-7,883	-6,744	-7,899	-3,495	3,906	-8,776	-8,375	-5,469	-2,966	-11,093	-2,984	-12,922	-7,869	15,404	-2,865	-28,795	-35,007	0	0	0	-	-	-	-
Increase in current taxes payable
-4,569	607	121	-722	4,612	3,938	1,409	231	3,309	-2,965	-1,439	-3,532	-4,429	-2,184	-2,211	3,218	4,576	-1,519	4,576	1,227	-350	11,771	11,231	2,989	4,285	-10,818	-21,142	-3,156	-5,448	1,089	0	0	0	-	-	-	-
Stock-based compensation
0	-	6,811	6,717	6,453	6,554	6,577	6,530	6,160	5,965	5,408	5,061	4,554	4,305	5,519	4,931	4,671	4,334	2,536	2,764	2,356	2,269	2,143	1,389	1,294	1,049	828	811	602	440	240	183	152	136	0	0	0
Increase in cash surrender value of BOLI
4,020	4,246	4,071	5,085	4,894	4,471	4,497	3,813	3,816	4,057	3,925	4,223	4,423	4,507	4,684	3,897	3,218	2,481	1,884	1,810	1,795	1,788	1,825	1,875	1,896	1,999	2,568	2,619	2,593	2,554	1,994	3,752	2,869	1,910	0	0	0
Gain on sale of loans, including capitalized servicing rights
22,293	15,993	16,085	15,263	13,754	15,066	14,387	10,783	13,104	15,225	14,783	20,187	19,336	17,713	17,160	13,669	11,897	10,716	9,984	9,100	7,791	6,080	5,228	4,723	5,349	6,498	9,542	10,806	10,548	10,154	7,351	8,041	5,656	3,226	0	0	0
Loss on disposal of real estate held for sale and property and equipment
-1,148	-1,075	-1,858	-1,746	520	833	3,274	3,927	3,198	4,295	3,079	3,175	2,855	1,389	801	606	-158	391	597	848	1,039	1,076	893	1,520	1,864	2,521	3,414	5,380	5,317	4,614	3,434	-1,298	-1,891	-1,465	0	0	0
Provision for Loan and Lease Losses
29,700	10,000	8,500	8,500	8,500	8,500	8,000	8,000	8,000	8,000	8,030	8,030	8,030	6,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Other Credit Losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for losses on real estate held for sale
19,748	0	200	227	2,227	387	187	160	366	256	328	496	721	876	804	670	421	216	215	181	-1	36	332	523	749	785	2,217	6,280	11,622	18,178	24,108	29,423	36,666	50,064	0	0	0
Origination of loans held for sale
1,256,202	1,094,237	1,015,042	877,898	809,040	896,461	818,162	828,342	861,755	807,137	936,291	993,136	1,028,407	1,063,328	1,007,571	884,501	774,216	709,035	554,878	490,545	430,761	361,859	329,099	325,056	368,716	427,542	494,843	523,087	507,974	503,492	461,643	636,955	462,673	278,733	0	0	0
Proceeds from sales of loans held for sale
1,141,930	1,070,814	859,745	801,908	919,397	781,879	831,604	826,455	812,571	1,027,989	1,002,313	1,060,388	1,015,745	880,890	905,554	786,927	748,840	677,166	568,676	505,813	432,373	367,888	335,844	328,849	376,209	443,225	502,817	534,253	517,761	504,734	466,091	409,575	342,090	282,444	0	0	0
Net change in:
Other assets
68,018	18,429	42,763	29,726	12,233	15,861	-7,149	-9,143	-6,858	-2,546	-20,105	-19,263	-9,918	-3,759	21,859	24,662	18,187	7,319	6,080	3,367	2,647	2,310	3,358	1,981	-11,353	-19,426	-21,800	-18,491	-1,529	818	300	-34,459	-34,406	-17,960	0	0	0
Other liabilities
23,835	5,588	20,451	9,614	6,786	17,322	5,234	4,956	2,793	-179	-20,368	-17,364	-15,489	-6,664	16,025	12,846	6,856	4,090	5,028	-970	7,245	3,370	6,392	12,292	4,113	4,327	-2,207	-2,305	2,550	3,569	6,459	3,786	448	2,104	0	0	0
Net cash provided from operating activities
36,671	148,874	12,807	84,605	270,352	30,775	155,749	138,250	86,059	346,702	187,010	179,463	87,970	-75,818	-19,804	-33,231	32,981	16,217	81,301	94,117	83,197	98,066	94,391	85,534	90,331	95,366	80,906	92,441	88,102	81,415	95,727	86,249	83,669	101,313	0	0	0
INVESTING ACTIVITIES:
Purchases of securities—available-for-sale
416,336	277,503	364,318	375,211	381,227	913,951	799,792	849,191	918,145	838,247	707,804	607,939	577,884	243,115	290,703	305,886	242,564	141,989	104,191	80,033	52,481	58,705	52,032	48,628	174,084	197,911	307,398	406,387	419,746	413,482	501,267	983,581	733,331	622,192	0	0	0
Principal repayments and maturities of securities—available-for-sale
352,360	321,510	259,718	224,239	196,525	173,454	175,049	176,784	183,473	187,080	183,453	181,506	182,604	191,534	199,374	158,060	125,552	113,431	90,623	87,983	83,907	62,520	38,980	36,021	59,237	84,424	173,616	255,180	297,922	389,414	393,761	442,728	429,740	328,037	0	0	0
Proceeds from sales of securities—available-for-sale
130,076	86,083	249,360	247,005	215,125	214,609	495,368	515,280	520,399	522,564	172,062	288,617	341,354	369,755	425,579	289,112	240,876	232,620	40,578	68,353	50,370	56,267	55,982	28,207	117,581	103,274	103,274	104,805	27,182	13,282	0	0	0	-	-	-	-
Purchases of securities—held-to-maturity
261,005	54,850	43,493	1,143	4,300	9,612	9,854	10,354	11,802	6,490	5,105	26,369	33,353	60,344	62,211	41,172	32,684	13,357	15,330	16,040	39,356	38,961	48,379	50,878	31,407	26,221	19,855	21,812	23,194	23,007	17,292	30,192	17,617	12,480	0	0	0
Principal repayments and maturities of securities—held-to-maturity
40,004	50,962	69,832	58,666	45,538	33,152	13,564	12,922	13,221	11,817	10,095	10,775	11,120	11,009	10,827	7,341	8,849	12,978	14,946	15,779	14,121	9,194	11,032	11,404	9,779	9,788	11,619	10,506	11,409	11,806	7,808	11,397	12,320	12,074	0	0	0
Loan originations, net of principal repayments
-278,557	-304,191	-356,746	-398,398	-470,780	-416,218	-295,638	-339,146	-362,946	-288,951	-253,133	-91,969	-13,911	-75,922	11,944	15,355	26,688	-32,675	-71,744	-53,122	-93,710	-144,152	-266,648	-256,298	-205,352	-167,085	-69,568	-92,263	-33,013	45,979	3,525	65,077	52,846	31,926	0	0	0
Purchases of loans and participating interest in loans
-	-	-	-	-	33,680	17,108	64,158	28,642	126,508	115,897	150,931	264,182	235,527	311,029	352,184	352,400	323,533	285,342	213,104	182,087	194,381	200,880	150,474	102,612	48,725	13,780	13,833	13,933	18,477	32,136	32,725	32,596	27,893	0	0	0
Proceeds from sales of other loans
30,125	27,560	19,503	12,275	11,289	9,853	19,096	22,706	19,046	21,923	42	26,070	44,653	184,525	289,108	269,600	253,906	124,407	35,906	25,998	24,958	11,277	19,111	18,508	19,629	19,305	0	0	0	-	-	-	-	-	-	-	-
Net cash (paid) received from acquisitions and branch divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,208	78,599	78,599	206,156	127,557	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
23,839	24,700	26,850	24,928	22,017	23,094	17,585	16,813	13,670	12,244	14,657	15,499	15,506	16,239	11,448	12,241	14,985	12,072	11,758	9,245	6,122	5,935	6,725	8,389	8,309	8,211	7,300	6,868	6,159	5,613	4,924	6,184	4,569	3,587	0	0	0
Proceeds from sale of real estate held for sale and sale of other property, net
7,816	7,815	7,595	5,644	8,452	7,768	11,230	11,576	6,629	20,121	22,365	23,103	23,531	14,513	9,606	8,813	7,668	4,740	4,447	4,500	5,020	4,923	4,817	7,829	12,105	16,944	23,116	29,513	32,035	40,965	61,911	69,932	93,032	94,957	0	0	0
Proceeds from FHLB stock repurchase program
171,466	175,998	163,170	153,670	162,989	143,175	148,326	145,026	121,670	118,304	90,500	96,441	90,249	80,681	97,627	64,786	66,438	48,843	23,523	34,006	12,485	8,354	8,596	-2,219	-454	1,315	0	0	0	-	-	-	-	-	-	-	-
Purchase of FHLB stock
162,645	170,380	168,483	167,223	170,903	163,683	146,668	152,608	129,372	116,132	98,528	85,429	87,236	77,130	89,992	68,319	40,548	23,634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-879	-1,436	-1,482	-4,113	-3,840	-3,583	-3,489	-373	-407	-254	-1,112	-1,686	-1,506	-2,707	-2,773	-2,617	-2,331	-1,092	-279	177	1,983	2,025	1,831	2,301	109	127	-1,168	-1,545	-1,075	-1,095	497	670	288	234	0	0	0
Net cash (used in) provided from investing activities
-392,510	-143,114	-221,314	-274,642	-439,383	-976,218	-327,713	-454,793	-486,510	-393,287	-715,495	-349,938	-297,055	146,447	227,064	-18,509	-5,264	15,059	-200,112	-64,901	17,074	-164,067	-305,605	-275,784	-293,649	-206,421	-89,124	-125,144	-114,577	52,479	-60,496	-56,602	-35,314	-171,213	0	0	0
FINANCING ACTIVITIES:
Increase (decrease) in deposits, net
774,339	272,625	247,145	-49,157	43,364	503,814	327,696	224,907	281,419	222,334	426,878	563,956	392,098	66,346	111,427	9,738	97,554	226,821	80,130	61,821	108,390	68,938	235,042	237,804	153,246	51,417	48,913	34,575	94,413	82,150	-51,062	-40,651	-114,477	-115,544	0	0	0
Proceeds from FHLBank Advance, Investing Activities
150,000	450,000	300,000	300,000	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term Federal Home Loan Bank Advances
280,226	280,415	100,191	194	197	10	10	10	9	9	25,009	25,009	75,009	95,009	54,209	-184,492	-234,492	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Repayment of overnight and short term FHLB advances, net
-81,000	-300,000	-39,000	67,000	-74,000	540,000	108,000	189,000	192,000	-54,000	76,000	-250,000	0	16,400	0	0	0	-	-	-	-	5,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Increase in other borrowings, net
-7,045	520	-5,770	9,354	-4,610	-7,870	4,735	3,997	18,401	9,825	5,197	-4,147	-14,113	-7,360	-15,827	-12,785	-4,112	-16,140	-20,479	-5,578	-7,100	5,871	15,304	1,834	-1,474	-6,423	-634	-749	2,804	75,495	57,439	125,321	100,484	23,695	0	0	0
Cash dividends paid
93,174	56,074	54,364	67,692	64,520	59,280	55,281	69,290	66,309	65,759	65,207	30,898	29,731	28,282	26,681	23,245	19,824	17,170	14,543	14,295	14,047	13,462	12,877	11,708	10,531	7,799	6,147	5,544	4,940	6,470	6,915	17,672	13,234	8,827	0	0	0
Taxes paid related to net share settlement of equity awards
1,985	1,915	2,094	2,080	1,694	1,554	1,807	1,786	1,314	1,630	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash proceeds from issuance of shares for shareholder reinvestment plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	68	101	134	127	120	109	97	72	48	12,729	27,445	36,317	44,134	36,902	25,966	21,556	0	0	0
Payments for Repurchase of Common Stock
85,697	53,922	72,964	51,115	19,042	34,401	45,004	46,404	45,595	31,045	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from (used in) financing activities
389,302	29,779	284,302	187,408	188,521	956,439	178,859	292,420	341,791	60,066	524,334	209,367	249,223	-84,827	-96,582	102,422	-65,662	104,569	102,325	8,197	53,469	54,724	186,974	215,363	192,379	67,106	-19,573	-35,025	-17,420	-85,032	-119,802	-56,915	-165,051	-159,316	0	0	0
NET CHANGE IN CASH AND CASH EQUIVALENTS
33,463	35,539	75,795	-2,629	19,490	10,996	6,895	-24,123	-58,660	13,481	-4,151	38,892	40,138	-14,198	110,678	50,682	-37,945	135,845	-16,486	37,413	153,740	-11,277	-24,240	25,113	-10,939	-43,949	-27,791	-67,728	-43,895	48,862	-84,571	-27,268	-116,696	-229,216	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid in cash
57,441	58,239	54,545	46,270	36,725	28,098	24,370	22,131	19,858	18,875	17,347	16,617	16,575	16,722	17,208	15,629	14,025	12,252	10,477	10,594	10,684	10,929	11,302	11,802	12,473	13,362	14,464	16,000	17,707	20,712	23,468	27,338	31,349	35,114	0	0	0
Tax refunds received
27,371	27,329	26,855	26,335	21,596	21,664	22,930	27,200	26,954	35,500	38,001	42,234	42,115	36,153	34,516	24,671	20,902	27,256	23,436	26,365	25,767	13,047	11,783	11,744	13,612	22,828	24,199	20,207	15,062	9,631	2,579	810	30	-13,048	0	0	0
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
1,891	303	440	380	669	1,645	1,451	1,419	986	10	8,398	8,564	9,011	9,146	1,963	2,882	3,901	4,456	3,725	2,774	3,313	3,493	3,724	4,563	2,977	3,448	5,181	7,319	13,800	14,070	19,270	35,122	40,190	53,518	0	0	0
ACQUISITIONS (DISPOSITIONS):
Assets Disposed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,829,748	370,306	370,306	591,512	221,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed (transferred)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,249,751	327,548	327,548	539,675	212,127	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-