Berkshire hills bancorp inc (BHLB)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income from continuing operations

101,521

85,953

98,363

108,120

109,219

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from discontinued operations

-4,071

5

-2,794

-3,968

-3,454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

97,450

85,958

95,569

104,152

105,765

88,696

79,372

65,035

55,247

68,388

61,866

58,129

58,670

64,353

62,673

56,760

49,518

44,901

42,189

43,609

33,744

32,884

28,999

29,572

41,143

39,935

41,860

37,809

33,188

32,103

26,466

20,357

17,348

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

35,419

36,784

20,812

23,877

25,451

24,876

23,148

21,505

21,025

18,984

18,818

18,451

17,362

17,693

17,199

16,881

16,726

16,193

15,638

15,423

14,968

14,170

13,663

12,374

11,378

11,118

10,440

9,990

9,590

9,013

8,713

7,963

7,563

0

0

0

Accretion (Amortization) of Discounts and Premiums, Investments

-2,407

-2,482

-2,605

-2,718

-2,837

-1,741

-1,806

-1,795

-1,678

-2,679

-3,381

-3,953

-4,052

-4,204

-4,150

-4,052

-3,010

-3,349

-2,302

-1,526

-2,447

-1,816

-1,904

-1,885

-1,635

-1,640

-1,690

-1,803

-1,937

-1,920

-1,708

-1,465

-1,317

0

0

0

Change in unamortized net loan origination costs and premiums

-12,759

-9,923

-6,209

-1,734

1,004

1,119

-870

-428

-2,232

-1,075

1,028

2,983

4,138

4,070

5,065

1,287

961

693

393

1,903

2,237

3,458

6,468

7,775

8,350

7,680

3,806

1,753

1,377

1,052

620

209

-316

0

0

0

Premises and equipment depreciation and amortization expense

10,921

10,450

10,338

10,106

10,442

9,887

9,594

9,552

9,499

9,615

9,117

8,705

8,393

8,377

8,549

8,653

8,594

8,608

8,537

8,444

8,292

7,865

7,547

7,339

7,120

6,874

6,734

6,329

6,045

5,904

5,611

5,228

4,849

0

0

0

Stock-based compensation expense

4,812

4,024

3,965

4,366

4,759

5,518

5,376

5,282

5,102

5,020

4,549

4,667

4,621

4,775

5,030

4,849

4,686

4,361

4,267

3,900

3,839

3,704

2,972

3,011

2,960

2,961

3,177

2,675

2,260

1,862

1,872

1,708

1,450

0

0

0

Accretion of purchase accounting entries, net

-14,813

-17,854

-17,528

-21,500

-24,000

-22,087

-21,332

-17,430

-18,189

-13,978

-12,577

-11,535

-9,407

-10,957

-11,804

-12,176

-10,074

-8,332

-6,530

-5,306

-6,938

-7,570

-14,908

-17,653

-20,313

-21,710

-14,624

-12,692

-9,281

-7,677

-8,392

-6,412

-5,319

0

0

0

Amortization of Intangible Assets

5,783

5,403

5,095

4,866

4,934

4,915

4,436

3,960

3,493

2,882

2,892

2,909

2,927

3,196

3,334

3,481

3,563

3,718

4,067

4,407

4,812

5,055

5,126

5,197

5,268

5,186

5,393

5,405

5,339

5,661

5,418

4,996

4,401

0

0

0

Write down of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

196

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax loss from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

105

246

246

289

167

27

35

-10

102

124

394

1,061

1,451

2,514

2,241

1,587

1,126

0

0

0

-

-

-

-

Income from cash surrender value of bank-owned life insurance policies

5,349

6,171

6,336

6,234

6,232

4,879

4,786

3,806

3,615

3,351

3,076

3,827

3,913

3,860

3,846

3,695

3,356

3,240

3,135

2,959

3,058

3,636

3,582

3,636

3,518

2,922

2,829

2,768

2,716

2,523

2,529

2,383

2,120

0

0

0

Securities (gains) losses, net

4,389

-368

-367

334

-3,719

-666

-757

-1,474

12,598

11,916

11,997

11,984

-551

-256

-285

2,111

2,110

2,467

2,663

482

482

3,874

3,990

4,791

4,758

2,971

2,612

1,615

1,655

0

0

0

-

-

-

-

Net change in loans held-for-sale

5,137

571

2,175

-28

-1,460

-1,779,007

-1,113,782

-438,534

-10,511

1,756,920

1,090,670

421,268

-5,185

5,432

-15,631

-3,872

3,212

-4,538

27,410

21,636

3,653

2,027

-43,916

-64,679

-69,528

-87,832

4,623

23,886

35,451

65,959

11,016

-142

412

0

0

0

Change in right-of-use lease assets

-12,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in lease liabilities

-12,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of loans and other mortgage banking income

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposition of assets

-3,443

-1,767

-1,767

-1,767

-152

226

226

-24

-686

-2,198

-2,215

-1,980

-1,318

-1,338

-1,445

-2,378

-3,514

-2,202

-2,031

-964

-662

-1,020

-3,351

-3,470

-4,232

-4,251

-2,193

-2,193

-2,124

0

0

0

-

-

-

-

Loss (gain) on sale of real estate

-

-

-

-

-

-

-

-

51

76

29

1

-40

-13

152

-91

-191

-323

-461

-177

-231

-194

-235

-321

2

117

-33

27

-128

0

0

0

-

-

-

-

Amortization of interest in tax-advantaged projects

6,455

5,865

5,035

4,691

4,618

5,560

7,795

7,654

8,477

10,557

8,735

9,220

8,882

7,305

8,609

12,419

11,428

8,376

6,591

1,247

1,668

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on termination of hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,237

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in other

23,232

-15,444

-24,924

-26,636

-30,601

-20,594

-9,825

-5,684

-13,842

-8,000

-12,817

-20,559

-3,309

-7,605

-7,708

2,564

-4,458

-3,323

13,330

4,883

1,803

8,598

-26,485

-25,293

-22,404

-24,320

-14,741

-15,740

-19,604

-14,717

-12,140

-10,400

-11,007

0

0

0

Net cash provided by operating activities of continuing operations

130,419

153,708

153,291

160,675

166,956

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) provided by operating activities of discontinued operations

-18,894

-109,425

-27,988

-43,148

55,298

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

111,525

44,283

125,303

117,527

222,254

208,948

133,089

113,924

78,091

89,480

84,348

137,477

98,142

94,945

114,270

91,794

86,288

85,649

32,698

42,609

55,823

42,822

109,213

122,143

127,411

146,248

55,571

37,661

28,654

-3,967

39,561

44,532

40,169

0

0

0

Cash flows from investing activities:
Net decrease in trading security

-701

-692

-684

-674

-665

-659

-649

-640

-632

-621

-614

-608

-599

-592

-584

-576

-570

-562

-555

-548

-541

-534

-527

-519

-512

-1,228

-979

-734

-486

1,243

-354

-460

-464

0

0

0

Purchases of marketable equity securities

23,841

24,039

24,243

23,750

24,538

25,466

25,893

40,123

27,435

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of marketable equity securities

43,075

23,695

23,904

23,904

38,104

38,525

38,903

77,478

51,382

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Debt Securities, Available-for-sale

120,000

64,695

107,868

156,777

258,000

365,163

409,039

435,903

471,211

0

0

505,342

-

235,428

275,588

291,011

285,637

287,296

303,433

324,910

575,504

637,446

705,669

605,762

443,906

347,171

219,640

224,781

124,183

157,175

223,010

185,963

201,527

0

0

0

Proceeds from sales of securities available for sale

136,000

83,001

83,500

3,087

500

93,592

134,095

111,454

137,539

0

0

440,928

-

300,535

206,184

43,476

41,169

24,389

86,442

145,010

143,488

0

0

0

-

-

-

-

85,711

0

0

0

-

-

-

-

Proceeds from maturities, calls, and prepayments of securities available for sale

240,586

196,917

184,793

183,549

188,076

209,528

210,876

205,923

206,648

177,604

171,674

170,698

166,736

169,830

174,075

185,033

184,753

172,266

157,421

146,314

131,202

125,021

115,915

101,708

113,749

123,244

121,760

116,881

102,590

98,180

96,749

102,774

119,939

0

0

0

Purchases of securities held to maturity

7,260

8,218

8,069

13,932

15,391

19,920

61,407

77,789

77,208

71,299

25,911

8,100

7,115

6,169

21,540

62,126

62,274

0

0

0

-

-

-

-

2,888

4,339

14,353

20,237

21,965

24,041

17,103

12,862

13,101

0

0

0

Proceeds from maturities, calls, and prepayments of securities held to maturity

21,602

21,499

22,052

37,972

36,746

33,575

30,505

11,694

12,600

9,882

9,522

8,086

7,734

7,591

10,947

11,244

8,534

7,928

3,911

3,767

4,800

5,895

9,262

9,871

8,991

8,570

7,000

29,728

30,282

31,576

30,342

9,956

10,625

0

0

0

Net change in loans

694,657

587,882

168,764

565,704

801,876

747,099

602,325

534,621

468,331

380,776

364,068

433,745

334,347

344,718

511,287

302,351

388,091

435,043

340,036

490,666

481,846

531,725

570,515

341,566

181,039

-71,523

-161,324

-24,108

160,204

257,616

190,126

123,441

44,849

0

0

0

Net cash used for branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,890

0

0

0

-

-

-

-

Proceeds from surrender of bank-owned life insurance

-

-

-

-

-

-

-

-

310

310

310

418

258

812

381

704

554

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Federal Home Loan Bank stock

112,208

125,406

87,184

74,406

76,090

74,597

53,036

99,034

88,351

87,398

87,185

25,747

19,555

8,803

8,803

8,328

10,706

11,908

11,908

10,975

10,778

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of Federal Home Loan Bank stock

149,455

153,462

111,279

83,820

61,831

73,529

56,379

111,403

96,378

73,559

76,555

9,602

19,461

20,595

13,772

13,749

2,357

433

5,124

5,365

5,340

5,286

695

597

2,434

7,242

7,038

6,860

6,781

0

0

0

-

-

-

-

Net investment in limited partnership tax credits

4,387

4,906

4,075

4,219

4,724

4,175

6,810

4,748

5,102

7,169

4,250

6,167

7,616

7,794

6,727

6,908

5,105

5,000

5,000

2,884

5,384

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

226

555

1,946

2,429

2,261

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of premises and equipment, net

10,565

8,219

5,502

7,355

9,349

11,164

12,293

10,562

11,256

14,527

13,183

11,788

9,101

7,693

7,109

8,777

7,340

6,188

7,219

6,267

8,451

10,411

10,125

11,139

13,103

12,264

28,042

19,516

18,890

18,988

3,209

10,809

7,988

0

0

0

Acquisitions, net of cash (paid) acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-423,416

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment to terminate cash flow hedges

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

590

384

856

1,171

1,515

1,632

1,311

1,722

1,854

4,918

5,461

4,879

4,784

3,197

2,743

3,450

3,416

3,151

16,702

2,404

3,626

2,409

-10,756

2,519

1,230

0

0

0

Net cash provided (used) by investing activities

1,202,582

560,014

131,727

-510,588

-861,517

-422,540

-343,682

-330,361

-282,903

-641,010

-421,612

-400,927

-207,595

-176,274

-497,921

-357,959

-454,492

-521,994

-371,743

-530,931

-369,304

-481,490

-675,692

-427,074

-515,194

-155,343

57,433

-112,255

-255,523

-489,194

-306,103

-156,086

-34,087

0

0

0

Cash flows from financing activities:
Net increase in deposits

23,996

325,523

393,472

483,608

233,704

265,588

414,235

317,923

418,550

149,997

136,450

149,526

140,730

243,175

368,073

436,777

475,823

485,111

357,642

476,285

340,856

240,976

248,148

-296,541

-225,070

-188,802

-215,257

85,576

167,002

193,527

254,544

253,786

207,919

0

0

0

Proceeds from Federal Home Loan Bank advances and other borrowings

5,384,982

6,361,446

4,722,387

4,824,391

4,767,766

4,360,597

4,424,654

4,922,650

5,978,358

7,392,080

8,757,079

9,536,699

9,364,599

9,389,120

9,119,420

8,485,800

8,566,300

7,151,317

6,393,034

6,732,051

5,432,069

5,274,578

3,931,857

2,298,185

1,488,182

987,663

745,390

531,280

485,625

443,618

251,595

154,360

125,480

0

0

0

Repayments of Federal Home Loan Bank advances and other borrowings

6,228,780

7,053,848

5,237,681

4,830,069

4,387,223

4,328,848

4,552,796

5,110,956

6,174,781

7,092,987

8,656,526

9,374,010

9,365,159

9,550,545

9,210,627

8,626,376

8,620,064

7,157,096

6,299,965

6,712,611

5,443,853

5,063,427

3,558,438

1,670,972

872,163

772,835

685,054

574,785

465,970

257,254

201,022

279,392

296,249

0

0

0

Net proceeds from reissuance of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,467

2,468

5,848

12,282

12,249

0

0

0

-

-

-

-

-

-

-

-

Exercise of stock options

188

293

239

250

326

270

319

324

329

3,732

3,786

3,768

3,712

264

160

148

239

128

332

461

1,064

1,076

1,311

1,937

3,045

0

0

0

-

-

-

-

-

0

0

0

Excess tax loss from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

289

167

27

35

-10

102

124

394

1,061

1,451

2,514

2,241

1,587

1,126

0

0

0

-

-

-

-

Common and preferred stock cash dividends paid

45,107

43,699

41,872

41,387

40,884

40,387

38,654

35,947

33,241

29,756

27,497

26,206

24,916

24,562

23,905

23,320

21,903

20,397

19,393

18,313

18,075

18,225

18,172

18,115

18,118

18,074

17,330

16,595

15,634

14,744

14,352

13,262

11,910

0

0

0

Acquisition contingent consideration paid

-

-

-

-

-

-

-

-

1,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net impact of preferred stock and warrant including repurchase and dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash (used) provided by financing activities

-917,467

-437,936

-166,781

436,793

573,689

257,280

247,818

246,979

340,500

574,291

364,517

287,978

118,966

57,043

252,712

272,768

400,012

459,091

431,685

477,863

309,696

432,634

599,252

303,273

365,078

3,906

-99,385

103,622

249,331

439,739

291,111

115,632

25,560

0

0

0

Net change in cash and cash equivalents

396,640

166,361

90,249

43,732

-65,574

43,688

37,225

30,544

135,688

22,761

27,253

24,526

9,513

-24,286

-130,939

6,603

31,808

22,746

92,640

-10,459

-3,785

-6,034

32,773

-1,658

-22,705

-5,189

13,619

29,028

22,462

-53,422

24,569

4,078

31,642

0

0

0

Supplemental cash flow information:
Interest paid on deposits

119,695

109,525

96,696

85,338

74,565

65,850

55,895

49,225

43,133

36,645

33,602

31,063

28,777

28,251

26,413

24,195

22,130

20,371

19,552

18,623

18,439

19,161

19,733

20,355

20,967

21,515

22,348

22,712

22,921

23,056

23,198

23,536

23,750

0

0

0

Interest paid on borrowed funds

33,406

36,949

38,390

36,205

32,274

28,385

25,517

22,977

21,336

20,283

19,198

18,250

16,674

15,071

12,916

11,176

9,974

9,338

9,010

9,149

9,988

11,225

12,571

13,761

14,056

14,262

12,248

10,791

9,376

7,754

8,393

8,265

8,292

0

0

0

Income taxes paid, net

19,818

10,639

9,227

2,758

3,029

9,614

9,538

23,073

18,323

14,701

15,290

12,914

16,229

10,299

7,383

-215

429

1,398

999

874

746

767

-4,636

-4,221

-3,729

85

10,812

8,274

8,869

4,459

-1,184

1,014

-164

0

0

0

Acquisition of non-cash assets and liabilities:
Assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

441,550

444,894

444,141

-439,548

1,672

0

0

0

-

-

-

-

-

-

-

-

Other non-cash changes:
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

25,463

44,527

32,567

12,521

-12,274

-34,477

-26,240

-17,928

-5,605

2,776

118

3,011

13,071

-2,692

-3,341

-4,221

-9,884

12,132

12,515

12,936

15,636

0

0

0

-

-

-

-

1,906

2,078

358

996

1,525

0

0

0

Real estate owned acquired in settlement of loans

0

3,200

0

1,600

1,600

-1,554

1,700

455

490

489

505

160

340

-367

1,850

2,173

2,085

3,272

4,144

4,151

4,500

4,979

3,005

3,936

4,378

7,070

4,112

2,911

2,243

0

0

0

-

-

-

-