Beneficial mutual bancorp inc (BNCL)
CashFlow / Quarterly
Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net income

6,523

4,576

2,472

2,959

3,500

2,905

3,214

3,815

4,095

2,324

3,945

5,877

4,078

1,979

-898

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

-1,550

250

1,500

1,500

1,500

5,000

5,000

6,000

7,000

7,500

7,500

8,500

9,000

10,000

10,000

Depreciation and amortization

1,440

1,447

1,645

1,595

1,532

1,581

1,526

1,499

1,471

1,441

1,354

1,364

1,380

1,380

1,402

Intangible amortization

468

467

467

469

468

468

467

1,289

917

1,045

912

910

908

906

860

Net gain on sale of investments

328

93

204

-556

296

804

833

1,107

659

675

441

36

197

233

186

Accretion of discount on investments

90

113

97

125

162

304

198

275

239

295

285

376

468

321

411

Amortization of premium on investments

1,580

1,382

1,498

1,587

2,282

2,762

3,278

3,418

3,105

2,132

1,513

761

152

70

154

Gain on sale of loans

-

53

50

-

-

217

98

314

527

412

447

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

6,327

0

0

-279

Net loss from disposition of premises and equipment

-2

-25

-1

0

119

-35

-196

-

-

-

-

-39

0

-44

-947

Impairment of fixed assets held for sale

-

-

-

-

-

-

36

-

-

-

-

-

-

-

-

Other real estate impairment

110

225

151

850

299

72

226

2,535

421

443

352

1,399

0

0

56

Net (gain) loss on sale of other real estate

320

201

794

187

17

-205

175

-

-

-

-

-

-

-

-

Amortization of KSOP

600

599

543

632

411

404

434

443

284

574

590

691

591

638

679

Increase in bank owned life insurance

336

324

312

-197

335

351

356

361

358

389

371

376

372

360

351

Stock based compensation

672

-397

1,663

704

705

818

572

905

971

562

601

873

941

403

607

Origination of loans held for sale

3,758

4,064

2,098

3,711

2,352

7,023

8,284

8,462

30,915

28,432

35,530

-

-

-

-

Proceeds from sale of loans

16,000

15,061

2,004

3,316

3,811

9,879

3,912

8,871

32,194

29,172

32,148

-

-

-

-

Purchases of trading securities

-

-

-

-

-

-

-

-

-

-

-

0

0

30,417

186,070

Proceeds from sale of trading securities

-

-

-

-

-

-

-

-

-

-

-

0

0

31,250

192,296

Changes in assets and liabilities:
Accrued interest receivable

214

-219

-384

-689

-214

-896

417

-1,156

270

-1,487

516

-284

-811

-1,599

-471

Accrued interest payable

-168

86

-208

147

-124

72

-125

72

-217

232

-242

158

-213

326

71

Income taxes payable

2,391

-310

1,942

-5,080

586

760

400

847

1,044

-2,432

1,490

8,080

-520

6,495

-430

Other liabilities

-2,112

1,036

-1,030

3,273

710

2,476

-25,018

-871

-3,206

-8,195

1,545

-2,912

-3,427

33,763

-27,195

Other assets

-1,299

1,046

-1,319

229

-1,990

-2,995

-3,861

-1,804

-2,362

-1,467

-130

-5,094

-2,590

54,422

-58,064

Net cash provided by operating activities

20,236

20,984

10,796

16,182

14,878

22,011

-12,382

19,439

17,284

8,450

14,248

23,638

13,374

4,094

50,345

INVESTING ACTIVITIES:
Loans originated or acquired

181,094

185,547

147,292

138,880

134,462

150,859

114,873

148,178

113,498

98,251

121,500

102,124

99,246

104,392

141,611

Principal repayment on loans

151,693

130,961

158,470

132,119

174,155

165,559

152,978

188,109

212,575

215,720

138,534

203,665

135,080

142,570

154,178

Purchases of investment securities available for sale

-

-

-

0

1

110,990

103,743

226,964

88,335

43,782

293,538

-

-

-

-

Proceeds from sales of investment securities available for sale

3,408

1,041

2,047

22,246

4,538

9,711

15,690

19,369

4,959

1,887

7,160

-365,757

268,905

256,747

158,121

Proceeds from maturities, calls or repayments of investment securities available for sale

41,476

36,103

30,972

37,405

54,518

76,013

79,517

81,490

89,443

112,641

59,300

-

-

-

-

Purchases of investment securities held to maturity

-

-

-

6,690

0

50,491

126,618

25,166

124,388

4,114

1,803

139,494

287,402

82,188

1,582

Proceeds from sales of investment securities held to maturity

-

-

-

0

0

1,013

1,160

-

-

-

-

-

-

-

-

Proceeds from maturities, calls or repayments of investment securities held to maturity

20,459

18,982

17,162

17,662

27,105

37,265

44,248

-

-

38,504

29,117

17,526

331,513

30,027

10,260

Net sales of money market and mutual funds

-9,010

20,873

-7,162

-5,345

-8,759

415

16,685

-11,667

18,833

-12,121

27,244

27,363

-24,825

-29,024

-5,789

Redemption (purchase) of Federal Home Loan Bank stock

0

-1,798

-13

0

-1,170

764

1,439

-1,299

-1,750

-1,024

-946

-997

-1,049

-1,104

-1,162

Proceeds from sale other real estate owned

395

2,007

2,771

3,530

142

4,781

1,695

9,029

1,838

1,581

343

2,107

136

39

535

Purchases of premises and equipment

1,342

3,900

6,615

9,041

1,380

1,352

2,368

3,535

1,002

1,499

1,064

1,119

276

732

557

Proceeds from sale of premises and equipment

0

15

9

-

-

-

-

-

-

-

-

-

-

-

-

Cash (used) received in other investing activities

-56

423

-191

-308

-306

-144

67

269

-401

332

-47

618

279

53

-52

Net cash provided by investing activities

26,055

-9,089

50,566

53,314

117,598

-19,555

-37,135

-71,136

46,475

213,723

-155,214

-65,997

195,755

212,608

174,769

FINANCING ACTIVITIES:
Increase in borrowed funds

6,000

0

6,000

1,000

6,000

0

81,000

235

0

70,000

5,000

-

-

-

-

Repayment of borrowed funds

5,996

-5

5,996

995

30,995

-4

55,995

231

34,996

19,995

19,996

-

-

-

-

Net increase (decrease) in borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-4

9,995

12,996

Net decrease in checking, savings and demand accounts

55,648

87,827

39,518

74,264

-23,730

37,141

120,531

-100,277

-21,658

-11,374

-28,636

5,073

531,672

-148,393

-73,525

Net decrease in time deposits

-6,643

-23,365

-3,841

-12,978

-14,081

-13,642

-18,590

-18,812

-21,341

-28,716

-35,659

-1,822

-67,908

23,261

36,695

Purchase of treasury stock

6,017

12,723

9,757

10,175

6,631

3,399

1,453

3

2,954

5,143

651

-

-

-

-

Net cash used in financing activities

-67,833

-121,860

-53,112

-97,445

-21,970

-54,152

-115,569

81,466

-37,633

27,520

-22,670

-7,765

-158,211

-135,127

-49,826

NET DECREASE IN CASH AND CASH EQUIVALENTS

-21,542

-109,965

8,250

-27,949

110,506

-51,696

-165,086

29,769

26,126

249,693

-163,636

-50,124

50,918

81,575

175,288

SUPPLEMENTAL DISCLOSURES OF CASH FLOW AND NON-CASH INFORMATION:
Cash payments for interest

5,703

5,483

5,782

6,110

6,640

6,399

6,521

6,992

7,857

8,029

8,215

-64

9,349

9,652

10,152

Cash received for income taxes

440

-403

-2,007

-993

-220

-382

105

-2,130

34

1,554

1,179

-

-

-

-

Securities purchased and not yet settled

-

-

-

-

-

-

-

-

-

-

54,137

-

-

-

-

Cash payment for pension contribution

-

-

-

351

0

0

24,000

-

-

-

-

-

-

-

-

Transfers of loans to other real estate owned

31

0

306

4,234

-947

546

1,704

323

1,701

1,934

4,672

1,701

556

2,328

165

Transfers of securities at fair value from available for sale to held to maturity

0

0

152,200

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of bank branches to fixed assets held for sale

-

-

-

-

-

-

-

-

-

-

-

0

0

0

553