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

16,530

13,507

11,836

12,578

13,434

14,029

13,448

14,179

16,241

16,224

15,879

11,036

0

0

0

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

1,700

4,750

9,500

13,000

17,500

23,000

25,500

28,000

30,500

32,500

35,000

37,500

0

0

0

Depreciation and amortization

6,127

6,219

6,353

6,234

6,138

6,077

5,937

5,765

5,630

5,539

5,478

5,526

0

0

0

Intangible amortization

1,871

1,871

1,872

1,872

2,692

3,141

3,718

4,163

3,784

3,775

3,636

3,584

0

0

0

Net gain on sale of investments

69

37

748

1,377

3,040

3,403

3,274

2,882

1,811

1,349

907

652

0

0

0

Accretion of discount on investments

425

497

688

789

939

1,016

1,007

1,094

1,195

1,424

1,450

1,576

0

0

0

Amortization of premium on investments

6,047

6,749

8,129

9,909

11,740

12,563

11,933

10,168

7,511

4,558

2,496

1,137

0

0

0

Gain on sale of loans

-

0

0

-

-

1,156

1,351

1,700

0

0

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

6,048

0

0

0

Net loss from disposition of premises and equipment

-28

93

83

-112

0

0

0

-

-

-

-

-1,030

0

0

0

Impairment of fixed assets held for sale

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other real estate impairment

1,336

1,525

1,372

1,447

3,132

3,254

3,625

3,751

2,615

2,194

1,751

1,455

0

0

0

Net (gain) loss on sale of other real estate

1,502

1,199

793

174

0

0

0

-

-

-

-

-

-

-

-

Amortization of KSOP

2,374

2,185

1,990

1,881

1,692

1,565

1,735

1,891

2,139

2,446

2,510

2,599

0

0

0

Increase in bank owned life insurance

775

774

801

845

1,403

1,426

1,464

1,479

1,494

1,508

1,479

1,459

0

0

0

Stock based compensation

2,642

2,675

3,890

2,799

3,000

3,266

3,010

3,039

3,007

2,977

2,818

2,824

0

0

0

Origination of loans held for sale

13,631

12,225

15,184

21,370

26,121

54,684

76,093

103,339

0

0

0

-

-

-

-

Proceeds from sale of loans

36,381

24,192

19,010

20,918

26,473

54,856

74,149

102,385

0

0

0

-

-

-

-

Purchases of trading securities

-

-

-

-

-

-

-

-

-

-

-

216,487

0

0

0

Proceeds from sale of trading securities

-

-

-

-

-

-

-

-

-

-

-

223,546

0

0

0

Changes in assets and liabilities:
Accrued interest receivable

-1,078

-1,506

-2,183

-1,382

-1,849

-1,365

-1,956

-1,857

-985

-2,066

-2,178

-3,165

0

0

0

Accrued interest payable

-143

-99

-113

-30

-105

-198

-38

-155

-69

-65

29

342

0

0

0

Income taxes payable

-1,057

-2,862

-1,792

-3,334

2,593

3,051

-141

949

8,182

6,618

15,545

13,625

0

0

0

Other liabilities

1,167

3,989

5,429

-18,559

-22,703

-26,619

-37,290

-10,727

-12,768

-12,989

28,969

229

0

0

0

Other assets

-1,343

-2,034

-6,075

-8,617

-10,650

-11,022

-9,494

-5,763

-9,053

-9,281

46,608

-11,326

0

0

0

Net cash provided by operating activities

68,198

62,840

63,867

40,689

43,946

46,352

32,791

59,421

63,620

59,710

55,354

91,451

0

0

0

INVESTING ACTIVITIES:
Loans originated or acquired

652,813

606,181

571,493

539,074

548,372

527,408

474,800

481,427

435,373

421,121

427,262

447,373

0

0

0

Principal repayment on loans

573,243

595,705

630,303

624,811

680,801

719,221

769,382

754,938

770,494

692,999

619,849

635,493

0

0

0

Purchases of investment securities available for sale

-

-

-

214,734

441,698

530,032

462,824

652,619

0

0

0

-

-

-

-

Proceeds from sales of investment securities available for sale

28,742

29,872

38,542

52,185

49,308

49,729

41,905

33,375

-351,751

-87,805

167,055

318,016

0

0

0

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

145,956

158,998

198,908

247,453

291,538

326,463

363,091

342,874

0

0

0

-

-

-

-

Purchases of investment securities held to maturity

-

-

-

183,799

202,275

326,663

280,286

155,471

269,799

432,813

510,887

510,666

0

0

0

Proceeds from sales of investment securities held to maturity

-

-

-

2,173

0

0

0

-

-

-

-

-

-

-

-

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

74,265

80,911

99,194

126,280

0

0

0

-

-

416,660

408,183

389,326

0

0

0

Net sales of money market and mutual funds

-644

-393

-20,851

2,996

-3,326

24,266

11,730

22,289

61,319

17,661

758

-32,275

0

0

0

Redemption (purchase) of Federal Home Loan Bank stock

-1,811

-2,981

-419

1,033

-266

-846

-2,634

-5,019

-4,717

-4,016

-4,096

-4,312

0

0

0

Proceeds from sale other real estate owned

8,703

8,450

11,224

10,148

15,647

17,343

14,143

12,791

5,869

4,167

2,625

2,817

0

0

0

Purchases of premises and equipment

20,898

20,936

18,388

14,141

8,635

8,257

8,404

7,100

4,684

3,958

3,191

2,684

0

0

0

Proceeds from sale of premises and equipment

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash (used) received in other investing activities

-132

-382

-949

-691

-114

-209

267

153

502

1,182

903

898

0

0

0

Net cash provided by investing activities

120,846

212,389

201,923

114,222

-10,228

-81,351

151,927

33,848

38,987

188,267

187,152

517,135

0

0

0

FINANCING ACTIVITIES:
Increase in borrowed funds

13,000

13,000

13,000

88,000

87,235

81,235

151,235

75,235

0

0

0

-

-

-

-

Repayment of borrowed funds

12,982

37,981

37,982

87,981

87,217

91,218

111,217

75,218

0

0

0

-

-

-

-

Net increase (decrease) in borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net decrease in checking, savings and demand accounts

257,257

177,879

127,193

208,206

33,665

35,737

-12,778

-161,945

-56,595

496,735

359,716

314,827

0

0

0

Net decrease in time deposits

-46,827

-54,265

-44,542

-59,291

-65,125

-72,385

-87,459

-104,528

-87,538

-134,105

-82,128

-9,774

0

0

0

Purchase of treasury stock

38,672

39,286

29,962

21,658

11,486

7,809

9,553

8,751

0

0

0

-

-

-

-

Net cash used in financing activities

-340,250

-294,387

-226,679

-289,136

-110,225

-125,888

-44,216

48,683

-40,548

-161,126

-323,773

-350,929

0

0

0

NET DECREASE IN CASH AND CASH EQUIVALENTS

-151,206

-19,158

39,111

-134,225

-76,507

-160,887

140,502

141,952

62,059

86,851

-81,267

257,657

0

0

0

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

23,078

24,015

24,931

25,670

26,552

27,769

29,399

31,093

24,037

25,529

27,152

29,089

0

0

0

Cash received for income taxes

-2,963

-3,623

-3,602

-1,490

-2,627

-2,373

-437

637

0

0

0

-

-

-

-

Securities purchased and not yet settled

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Cash payment for pension contribution

-

-

-

24,351

0

0

0

-

-

-

-

-

-

-

-

Transfers of loans to other real estate owned

4,571

3,593

4,139

5,537

1,626

4,274

5,662

8,630

10,008

8,863

9,257

4,750

0

0

0

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of bank branches to fixed assets held for sale

-

-

-

-

-

-

-

-

-

-

-

553

0

0

0