BROOKLINE BANCORP, INC BRKL Cash Flow

Brookline bancorp, inc (BRKL)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income attributable to Brookline Bancorp, Inc.
87,717	83,062	50,518	52,362	49,782	43,288	36,015	37,142	27,600	26,872	19,200	12,850
Adjustments to reconcile net income to net cash provided from operating activities:
Net income attributable to noncontrolling interest in subsidiary
43	3,489	3,101	2,862	2,586	2,037	1,787	1,227	1,219	769	535	371
Provision for credit losses
9,583	4,951	18,988	10,353	7,451	8,477	10,929	15,888	3,631	3,796	9,780	11,289
Origination of loans and leases held-for-sale
15,361	25,370	27,425	56,080	74,841	21,365	52,485	101,286	46,555	-	16,948	-
Proceeds from sales of loans and leases held-for-sale, net
19,930	26,519	32,073	55,636	64,398	34,717	56,326	103,316	41,687	-	16,948	-
Deferred income tax expense (benefit)
-2	-5,453	10,798	2,322	1,239	125	2,398	663	784	-113	2,678	-3,201
Depreciation of premises and equipment
6,861	7,382	7,232	7,080	7,074	7,020	6,291	3,733	2,061	1,590	1,543	1,370
Amortization of investment securities premiums and discounts, net
-1,810	-2,200	-2,042	-2,158	-1,841	-2,656	-3,200	-4,486	-2,344	-2,171	-1,217	672
Amortization of deferred loan and lease origination costs, net
-7,045	-6,971	-6,695	-5,883	-4,775	-9,890	-7,749	-10,121	-9,775	-9,416	-9,348	-10,513
Amortization of Intangible Assets
1,663	2,080	2,089	2,500	2,911	3,343	4,623	5,622	1,570	1,224	1,488	1,751
Amortization of debt issuance costs
100	100	100	101	100	29	0	0	-	-	-	-
(Accretion) amortization of acquisition fair value adjustments, net
809	-354	1,583	3,960	7,242	11,217	6,193	12,121	-658	11	1,692	428
Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss
508	227	11,393	0	0	65	397	926	80	834	1,985	-
Gain (Loss) on Sale of Loans and Leases Held for Sale
1,709	1,883	2,644	3,256	2,208	1,651	794	5	392	-	-	-
Gain on sales/disposals of premises and equipment, net
-	-	-	-	-	1,502	0	0	-	-	-	-
Gain on sales of loans and leases
-	-	-	-	-	-	-	1,898	0	-	-	-
Loss (gain) on sales of OREO and other repossessed assets, net
-108	0	79	84	-102	-11	2	194	0	-	-	-
Loss on impairment of securities
-	-	-	-	-	-	-	-	-	49	744	-2,635
Write-down of OREO and other repossessed assets
903	1,234	458	190	229	381	263	73	869	243	-	-
Amortization of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	23
Gain on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-214
Write-down of other real estate owned
-	-	-	-	-	-	-	-	-	-	50	67
Write-down of acquired assets
-	-	-	-	-	-	-	-	-	-	-476	-198
Compensation under recognition and retention plans
2,683	2,546	2,308	1,844	1,276	1,205	1,393	546	364	139	143	2,123
Expense of restricted stock plans, net of income tax
-	-	-	-	-	-	-	-	126	421	-	-
Loss from investments in affordable housing projects
-	-	-	-	-	-	-	-694	-671	-	-	-
ESOP shares committed to be released
458	500	500	400	395	496	230	242	418	482	493	545
Net change in:
Cash surrender value of bank-owned life insurance
-1,030	-1,039	-1,041	-1,050	-1,049	-1,054	-1,093	-1,165	0	-	-	-
Equity securities held-for-trading
-1,215	5,371	0	0	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-788
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-1,541
Other assets
63,235	10,855	2,413	287	5,135	1,700	-6,581	11,621	4,097	4,234	5,865	252
Income taxes payable
-	-	-	-	-	-	-	-	-	-	1,115	-
Accrued expenses and other liabilities
45,254	31,796	-5,378	-1,039	10,920	9,166	-2,804	3,202	1,869	-875	-3,115	-123
Net cash provided from operating activities
102,719	123,029	84,947	77,930	64,604	84,287	74,017	59,311	46,233	41,105	36,153	41,602
Cash flows from investing activities:
Proceeds from sales of investment securities available-for-sale
0	22,210	0	0	-	5,485	1,210	166,201	124	2,537	74,140	7,964
Proceeds from maturities, calls, and principal repayments of investment securities available-for-sale
68,165	82,896	71,611	100,957	97,771	84,091	137,275	207,512	145,374	181,326	128,204	145,162
Purchases of investment securities available-for-sale
50,400	73,852	90,971	115,403	63,615	139,866	171,231	326,104	45,361	196,308	201,620	161,468
Proceeds from maturities, calls, and principal repayments of investment securities held to maturity
28,858	3,290	3,817	42,492	9,579	500	0	0	0	-	49	28
Purchases of investment securities held-to-maturity
1,430	8,915	26,873	36,167	102,847	500	0	0	-	-	-	-
Proceeds from redemption/sales of restricted equity securities
20,857	12,110	24,462	5,623	9,924	0	2,107	2,003	0	-	-	-
Proceeds from principal repayments of securities held-to-maturity
-	-	-	-	-	-	-	-	-	26	-	-
Purchase of restricted equity securities
12,924	13,262	7,927	4,017	1,237	8,245	5	15,505	0	-	-	-
Proceeds from sales of loans and leases held-for-investment, net
13,860	7,294	28,608	45,979	273,688	0	0	21,904	0	-	-	-
Purchase of Federal Home Loan Bank of Boston stock
-	-	-	-	-	-	-	-	-	-	-	8,192
Net increase in loans and leases
467,493	593,968	378,906	465,527	457,460	477,128	219,835	352,893	273,394	103,837	73,420	232,246
Acquisitions, net of cash and cash equivalents acquired
0	24,659	0	0	-	-	-	89,258	-5,792	-	-	-
Monies in escrowBancorp Rhode Island, Inc. acquisition
-	-	-	-	-	-	-	-112,983	112,983	-	-	-
Proceeds from sales of premises and equipment
-	-	-	-	-	1,972	260	0	0	-	50	350
Payments to Acquire Property, Plant, and Equipment
4,997	3,352	11,557	5,262	4,775	7,782	16,443	23,664	19,910	2,095	2,079	2,607
Proceeds from sales of OREO and other repossessed assets
6,482	2,186	3,762	3,530	7,152	12,317	11,857	1,572	1,711	-	-	-
Net cash used for investing activities
-399,022	-588,022	-383,974	-427,795	-231,820	-529,156	-254,805	-296,821	-300,358	-118,351	-74,676	-251,009
Cash flows from financing activities:
Increase in demand checking, NOW, savings and money market accounts
143,551	1,006	93,819	351,908	206,748	111,060	295,020	312,644	273,693	218,819	258,422	88,102
Increase (decrease) in certificates of deposit
232,911	580,878	166,448	-46,752	141,338	12,271	-76,620	-80,879	-44,734	-41,607	47,422	-41,523
Decrease in brokered deposits
-	-	-	-	-	-	-	-	-	-	-26,381	-10,593
Proceeds from FHLBB advances
4,029,662	6,607,745	4,685,706	5,905,511	4,018,000	2,214,931	2,363,200	3,007,883	3,973,549	13,000	11,814,240	8,286,940
Proceeds from FHLBB advances
-	-	-	-	-	-	-	-	-13,000	276,400	-	-
Repayment of FHLBB advances
4,055,568	6,713,279	4,705,543	5,854,019	4,157,392	1,976,848	2,381,917	2,992,101	3,865,689	369,579	12,082,863	8,097,505
Proceeds from issuance of subordinated notes
-	-	-	-	-	73,495	0	0	-	-	-	-
Repayment of subordinated debentures
-	-	-	-	-	-	3,000	0	13,000	-	-	-
Increase (decrease) in other borrowed funds, net
7,955	5,095	-2,568	11,980	-1,388	4,996	-16,394	25,023	4,018	-	-	-
Repayment of subordinated debt
-	-	-	-	-	-	-	-	-	-	-	7,000
(Decrease) increase in mortgagors' escrow accounts, net
-194	-260	41	129	-985	612	943	433	123	-95	283	604
Proceeds from exercise of stock options
0	490	1,469	300	0	0	-	-	-	-	3,102	1,214
Income tax benefit from vesting of recognition and retention plan shares and dividend distributions on allocated ESOP plans
-	-	-	-	-	-	-	-	-	-	1,334	1,073
Expense of stock options granted
-	-	-	-	-	-	-	-	-	-	232	-
Stock options granted
-	-	-	-	-	-	-	-	-	-	-	97
Repurchases of common stock
1,871	10,000	0	0	-	-	-	-	-	-	-	372
Proceeds from issuance of common stock
0	0	81,943	0	0	-	-	-	-	-	-	-
Common stock issued for acquisition
0	55,182	0	0	-	-	-	-	-	-	-	-
Payment of dividends on common stock
35,110	31,441	27,035	25,366	24,967	23,876	23,841	23,777	19,964	19,935	31,431	42,606
Payment of income taxes for shares withheld in share based activity
46	81	352	0	0	-	-	-	-	-	-	-
Redemption of noncontrolling interest in subsidiary
35,851	0	0	-	-	-	-	-	-	-	-	-
Proceeds from issuance of noncontrolling units
0	130	118	76	65	60	0	0	102	-	106	106
Payment of dividend equivalent rights
-	-	-	-	-	-	-	-	-	-	441	1,027
Payment of dividends to owners of noncontrolling interest in subsidiary
930	1,893	1,671	1,734	1,437	1,614	1,195	915	585	481	333	375
Net cash provided from financing activities
284,509	493,572	292,375	342,033	179,982	415,087	156,196	248,311	294,513	76,633	-16,308	177,135
Net (decrease) increase in cash and cash equivalents
-11,794	28,579	-6,652	-7,832	12,766	-29,782	-24,592	10,801	40,388	-613	-54,831	-32,272
Purchase of additional ownership interest in subsidiary
-	-	-	-	-	-	-	-	-	-111	-	-
Supplemental disclosure of cash flow information:
Cash paid during the year for:
Interest on deposits, borrowed funds and subordinated debt
94,533	65,182	40,785	38,620	35,522	31,303	34,303	40,682	32,029	35,014	55,203	69,152
Income taxes
27,345	21,129	34,026	29,770	26,694	21,207	19,137	20,570	20,607	20,333	8,095	9,073
Non-cash investing activities:
Transfer from loans and leases to loan and leases held-for-sale
0	0	7,500	2,500	0	0	13,372	0	0	-	-	-
Transfer from loans to other real estate owned
6,105	3,020	7,161	3,692	7,370	12,587	12,205	386	2,536	-	-	-
Fair value of assets acquired, net of cash and cash equivalents acquired
-	-	-	0	-	-	-	-	-	-	-	-
Fair value of liabilities assumed
-	-	-	0	-	-	-	-	-	-	-	-
Transfer of securities from held-to-maturity to available-for-sale
-	-	-	-	-	-	-	-	-	86	-	-
First Commons Bank
Fair value of assets acquired, net of cash and cash equivalents acquired
0	292,025	0	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed
0	278,988	0	-	-	-	-	-	-	-	-	-