Blue hills bancorp, inc. (BHBK)
CashFlow / TTM
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net income

24,556

20,122

18,174

15,585

16,489

19,194

16,983

14,473

8,653

7,067

7,247

7,588

7,227

7,560

2,791

1,522

-183

-3,543

32

730

2,663

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses

-1,118

140

564

1,581

2,098

2,344

4,974

4,969

4,885

5,907

4,353

3,784

4,090

2,411

2,531

2,946

3,381

4,112

3,811

3,944

4,094

0

0

0

Net amortization of securities

-740

-1,003

-1,119

-1,244

-1,650

-1,860

-2,095

-2,690

-2,924

-3,324

-3,652

-3,605

-3,710

-3,462

-3,172

-2,657

-2,184

-2,063

-13,872

-14,004

-14,112

0

0

0

Losses (gains) on sales and calls of securities, net

0

0

0

928

-94

204

766

502

1,280

1,127

803

406

1,968

2,564

2,675

3,599

2,822

1,540

2,447

1,342

5,091

0

0

0

Net unrealized gains on equity securities

134

322

383

-69

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on calls of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net change in loans held for sale

-4,624

-7,233

3,216

4,190

6,231

10,134

666

-2,251

1,106

1,424

15,811

-3,150

374

-10,195

-15,394

3,606

-765

0

0

0

-

-

-

-

Proceeds from sale of loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Losses (gains) on sales of residential portfolio loans, net

-

-

-

-

-

-

-

-

319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of purchased home equity portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Loss on sale of jumbo residential portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net amortization of deferred loan origination costs and discounts

520

601

558

-211

-11

683

600

505

374

-644

-448

-309

-100

907

934

440

336

-580

-830

-460

-595

0

0

0

Depreciation and amortization of premises and equipment

2,040

2,056

2,078

2,104

2,120

2,159

2,122

2,067

2,011

1,969

1,913

1,870

1,824

1,715

1,625

1,599

1,475

1,474

1,482

1,425

1,449

0

0

0

Amortization of core deposit intangible

462

556

652

747

843

939

1,034

1,130

1,225

1,320

1,416

1,512

1,607

1,702

1,797

1,892

1,808

1,347

862

353

0

0

0

0

Bank-owned life insurance income, including death benefit gains

1,101

1,088

1,077

1,082

1,063

1,058

1,349

1,554

1,554

1,550

1,249

1,035

1,031

1,206

1,198

1,192

1,188

1,005

1,403

2,871

2,895

0

0

0

ESOP expense

1,649

1,599

1,522

1,468

1,431

1,353

1,273

1,206

1,130

1,099

1,096

1,080

1,063

1,287

1,501

1,241

993

0

0

0

-

-

-

-

Deferred income tax provision (benefit)

-839

2,143

1,734

3,158

2,691

373

908

-288

-118

-1,554

-878

296

-302

0

0

0

-

-

-

-

-1,416

0

0

0

Stock based compensation expense

6,856

5,504

5,452

5,424

5,483

5,370

5,232

5,081

4,868

4,730

3,505

2,319

1,124

0

0

0

-

-

-

-

-

-

-

-

Gain (Loss) on Conversion of Investments

653

653

653

653

5,947

5,947

5,947

5,947

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of premises and equipment

271

271

271

271

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in:
Trading assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-750

30,812

8,389

-2,857

266

0

0

0

Accrued interest receivable

749

1,341

1,169

126

381

414

-278

406

713

214

762

795

911

807

751

887

-161

687

-49

80

-1,131

0

0

0

Other assets

8,858

13,696

9,420

9,571

2,545

-6,408

-5,912

-5,156

3,477

10,947

17,482

4,615

1,153

5,565

-1,812

9,791

7,033

-8,793

-5,457

2,740

824

0

0

0

Accrued expenses and other liabilities

4,819

9,607

8,918

7,342

2,882

-7,797

-12,810

-10,378

809

10,573

4,779

10,905

-8,661

6,526

8,701

889

14,220

17,824

2,463

5,057

3,966

0

0

0

Net cash provided by operating activities

31,544

32,043

23,504

22,183

19,696

13,928

18,702

19,398

17,669

19,708

-8,535

22,509

6,555

14,902

32,802

90

16,124

27

15,627

20,444

16,309

0

0

0

Cash flows from investing activities:
Activity in securities available for sale:
Purchases

0

0

0

4,444

13,951

35,628

60,158

66,697

76,512

68,118

56,829

82,241

153,222

339,976

365,127

396,239

367,511

226,811

306,778

316,522

335,943

0

0

0

Proceeds from Sale of Available-for-sale Securities

0

0

0

168,229

213,084

231,894

250,690

127,199

97,800

87,315

72,995

46,936

99,522

282,884

306,054

382,410

362,941

211,100

318,335

272,564

314,900

0

0

0

Maturities/calls

-

-

-

-

-

-

-

-

4,133

2,820

1,982

782

5,632

6,587

7,833

8,241

9,615

11,960

17,315

18,090

11,616

0

0

0

Principal paydowns

0

0

0

1,685

5,049

6,417

7,313

6,267

3,497

3,405

8,748

17,820

24,487

0

0

0

-

-

60,351

69,564

78,442

0

0

0

Purchases

43,699

49,094

89,239

169,200

167,591

164,906

134,164

58,787

59,939

61,683

46,727

32,599

23,361

0

0

0

-

-

-

-

-

-

-

-

Maturities/calls

-

-

-

-

-

-

-

-

22,835

28,235

20,085

15,085

9,000

0

0

0

-

-

-

-

-

-

-

-

Principal paydowns

38,826

39,906

38,573

35,639

33,595

33,116

34,090

35,670

34,866

31,620

25,521

16,716

10,421

0

0

0

-

-

-

-

-

-

-

-

Loan originations and purchases, net of paydowns

139,286

230,151

238,019

285,284

339,412

391,279

426,405

416,148

403,729

396,096

414,745

400,335

400,115

280,256

293,440

306,001

315,872

502,473

447,954

369,005

307,845

0

0

0

Purchases of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from sales of portfolios

-

-

-

-

-

-

-

-

-

-

0

9,866

-

18,961

35,418

33,383

27,810

0

0

0

-

-

-

-

Net disposals (purchases) of premises and equipment

-

-

-

660

-

-

-

3,826

4,030

3,846

3,080

3,100

3,051

2,584

2,385

2,187

2,023

1,891

1,151

940

1,050

0

0

0

Purchases of FHLBB stock

15,457

15,121

12,298

10,452

9,353

5,752

6,941

4,787

5,487

7,340

6,151

5,866

3,296

0

0

456

936

2,236

2,417

1,961

1,481

0

0

0

Redemption of FHLBB stock

13,997

12,716

9,866

14,550

10,600

9,847

7,831

6,096

5,702

0

0

0

-

-

-

-

-

-

-

-

384

0

0

0

Proceeds from exchange of investment in Northeast Retirement Services

308

308

308

308

1,595

1,595

1,595

1,595

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by business combination, net of purchase price

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

151,587

151,587

151,587

151,587

0

0

0

0

Net cash used in investing activities

-133,040

-224,079

-217,275

-155,673

-174,087

-226,645

-272,345

-338,264

-358,512

-355,823

-381,784

-415,505

-424,944

-285,156

-282,846

-257,152

-111,393

-178,577

-114,457

-121,479

-207,205

0

0

0

Cash flows from financing activities:
Net change in deposits, excluding brokered

35,815

97,179

100,229

169,519

189,495

243,963

224,505

271,548

252,295

237,387

252,052

168,066

124,670

133,557

96,595

42,458

32,644

-86,534

-56,459

57,683

17,723

0

0

0

Net change in brokered deposits

61,873

83,275

46,575

51,597

41,687

60,133

139,852

100,569

122,543

99,112

74,732

95,329

96,463

58,924

26,259

61,991

-9,752

43,000

65,500

-70,918

79,623

0

0

0

Net change in short-term borrowings

53,000

78,000

110,000

-53,000

-46,000

-83,700

-130,000

-52,000

-59,000

-11,300

35,000

100,000

165,000

40,000

-65,000

-80,000

-130,000

10,000

75,000

110,000

60,576

0

0

0

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

70,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439

527

628

570

529

0

0

0

Repurchase of common stock

-

-

-

-

-

-

-

-

24,432

30,207

28,972

23,435

13,121

0

0

0

-

-

-

-

-

-

-

-

Share redemption for tax withholdings for restricted stock vesting

1,359

1,221

1,201

1,201

983

837

837

837

730

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

741

745

717

571

243

257

257

220

40

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends paid

24,622

26,556

21,711

24,073

14,380

7,913

8,637

3,376

2,675

2,416

2,261

1,527

1,032

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

99,634

201,422

194,609

143,413

170,062

214,078

261,559

322,006

338,041

352,137

380,112

387,994

391,541

237,373

6,520

246,860

115,099

188,602

357,371

96,195

157,393

0

0

0

Net change in cash and cash equivalents

-1,862

9,386

838

9,923

15,671

1,361

7,916

3,140

-2,802

16,022

-10,207

-5,002

-26,848

-32,881

-243,524

-10,202

19,830

10,052

258,541

-4,840

-33,503

0

0

0

Supplementary information:
Interest paid

25,918

23,328

20,828

19,163

17,358

15,756

14,534

13,381

12,378

11,461

10,484

9,478

8,700

8,170

7,599

7,294

6,921

6,740

9,182

7,474

7,923

0

0

0

Income taxes paid, net of refunds

9,576

8,185

7,365

8,976

7,674

6,914

6,113

4,371

4,390

4,760

4,347

3,005

4,280

3,133

2,575

1,515

257

1,442

1,492

1,442

3,292

0

0

0

Other real estate owned acquired in settlement of loans

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends declared

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends declared

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

628

570

529

0

0

0

Fair value of non-cash assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123,733

123,733

123,755

123,755

0

0

0

0

Fair value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275,320

275,320

275,342

275,342

0

0

0

0

Common stock dividends declared

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,963

14,591

0

0

0

-

-

-

-