First busey corporation (BUSE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income

102,953

98,928

62,726

49,694

39,006

32,774

28,726

22,357

29,873

23,230

-323,113

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

10,406

4,429

5,303

5,550

1,600

2,000

7,500

16,500

20,000

42,000

251,500

Depreciation

11,900

9,600

8,600

7,295

5,697

5,572

5,466

8,759

9,063

10,278

12,249

Amortization of intangible assets

9,547

5,854

5,245

4,438

3,192

2,884

3,132

-

-

-

-

Amortization of mortgage servicing rights

2,710

1,531

1,511

-

-

-

-

-

-

-

-

Net amortization (accretion) of premium (discount) on portfolio loans

10,905

10,452

12,205

-

-

-

-

-

-

-

-

Net amortization (accretion) of premium (discount) on investment securities

-6,106

-8,311

-6,665

7,429

1,476

-

-

-9,730

-6,625

-4,773

-5,160

Net amortization (accretion) of premium (discount) on time deposits

1,648

243

392

669

-

-

-

-

-

-

-

Net amortization (accretion) of premium (discount) on investment securities

-

-

-

-6,877

-8,360

-7,305

-8,744

-

-

-

-

Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings

309

146

140

-

-

-

-

-

-

-

-

Impairment of OREO

62

18

42

-

-

-

-

-

-

-

-

Impairment of fixed assets held for sale

2,026

817

99

756

670

-

-

1,421

-

-

-

Impairment of leases

348

146

-

-

-

-

-

-

-

-

-

Change in fair value of equity securities, net

-759

2,162

-

-

-

-

-

-

-

-

-

(Gain) loss on sales of securities, net

733

-1,780

362

1,232

380

776

553

1,597

170

1,018

130

(Gain) loss on sale of loans, net

16,819

10,446

45,443

28,299

5,843

4,723

10,227

12,535

10,945

16,130

12,379

(Gain) loss on sale of OREO

102

384

1,632

-

-

-

-

274

197

516

-1,596

(Gain) loss on sale of premises and equipment

-113

-162

327

-251

-355

19

533

-

-

-

-

Realized (gain) loss on preferred stock and equity securities

8

-51

781

-

-

-

-

-

-

-

-

(Gain) loss on life insurance proceeds

1,604

666

227

-

-

-

-

-

-

-

-

Fair value adjustment on employee stock ownership plan shares allocated

-

-

-

-

-

-

-

-322

-318

-328

-280

Provision for deferred income taxes

-96

-7,116

-14,100

-2,953

-2,985

-12,715

-10,110

-8,571

12,776

2,111

-46,502

Stock-based and non-cash compensation

3,997

3,721

2,752

1,803

1,418

1,187

1,079

991

488

194

141

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

208,164

Decrease in deferred compensation

-6,781

-3,780

-757

142

201

363

-49

-70

48

-17

28

Increase in cash surrender value of bank owned life insurance

4,191

3,060

2,352

1,522

1,454

796

1,189

1,603

457

1,675

1,220

Settlement of post retirement benefit liabilities

-

-

-

-

-

-

-

-

-

-

-2,021

Net cash provided by operating activities before activities for loans originated for sale

-

-

-

-

-

-

61,763

61,288

70,498

92,171

53,962

Mortgage loans originated for sale

667,515

425,322

1,487,726

1,822,027

267,737

222,976

450,226

576,862

521,970

710,102

694,812

Proceeds from sales of mortgage loans

641,778

504,721

1,693,632

1,767,220

276,377

231,139

486,616

564,643

567,350

705,701

692,244

Net change in operating assets and liabilities:
Decrease in other assets

-5,397

-9,580

-8,925

407

137

-2,112

-9,620

-8,368

-7,745

-34,559

33,635

(Decrease) increase in other liabilities

-7,380

2,195

-4,193

-6,288

-1,329

-650

-63

992

-4,033

-5,290

-5,596

Net cash (used in) provided by operating activities

80,800

202,547

253,358

-20,894

61,505

68,111

98,153

49,069

115,878

87,770

51,394

Cash Flows from Investing Activities
Purchases of debt securities held to maturity

-

217,766

352,679

2,103

16,287

1,026

839

-

-

-

-

Purchase of equity securities

550

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities available for sale

408,941

124,234

141,685

180,447

235,291

182,123

83,718

454,538

374,297

252,496

205,119

Purchase of FHLB stock

3,700

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities classified held to maturity

-

-

-

399

-

-

-

-

-

-

-

Proceeds from sales of equity securities

1,474

920

-

-

-

-

-

-

-

-

-

Proceeds from sales of debt securities available for sale

227,371

122,584

139,765

52,587

25,068

74,113

16,365

59,570

12,754

43,217

17,030

Proceeds from paydowns and maturities of debt securities held to maturity

14,422

50,560

11,268

3,811

480

10

-

-

-

-

-

Proceeds from paydowns and maturities of debt securities available for sale

541,753

163,582

193,294

241,304

200,780

185,329

203,908

217,797

127,757

176,108

244,861

Proceeds from the redemption of FHLB stock

5,369

4,864

6,090

-11,919

-

-

-

-

-

-

-

Net cash (received) paid in acquisitions

61,481

-

-26,979

25,575

12,114

-

-

-

-

-

-

Net change in loans

244,333

49,864

169,150

1,294

118,398

126,604

258,366

33,680

-233,901

-362,472

-211,365

Proceeds from sale of Federal Reserve Stock

-

-

-

-

-

-

-

-

-

-

1,845

Cash paid for premiums on bank-owned life insurance

6

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

13,238

11,618

14,980

8,991

4,114

3,778

2,549

8,611

2,748

2,037

4,817

Proceeds from life insurance

3,915

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of premises and equipment

424

324

2,224

2,485

312

78

2,856

77

1,043

157

1,133

Capitalized expenditures on OREO

2

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of OREO

2,481

5,298

5,024

4,498

1,090

2,739

3,645

14,950

14,831

24,561

12,631

Net cash (used in) provided by investing activities

64,958

-55,350

-293,850

149,743

-134,246

-51,262

-118,698

-204,435

13,241

351,982

278,929

Net change in deposits

215,519

123,600

111,788

-173,385

-86,574

-86,300

-108,828

-116,287

-202,709

-410,246

-350,353

Net (decrease) increase in demand deposits, money market and savings accounts

-

-

-

31,322

232,931

118,010

-2,326

333,125

49,797

155,532

14,740

Net change in federal funds purchased and securities sold under agreements to repurchase

-30,904

-118,770

28,898

-6,655

-25,921

26,545

33,324

11,157

-11,115

-3,343

-40,655

Proceeds from other borrowings

60,000

-

98,312

-

-

-

-

-

-

-

-

Repayment of other borrowings

6,000

5,500

9,800

-

-

-

-

-

-

-

-

Net change in short-term FHLB advances

23,443

220,000

-60,300

-

-

-

-

-

-

-

-

Repayments of long-term FHLB advances

1,224

-

30,000

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings, net

-

-

-

-104,000

-

-

-

-

-

-

-

Redemption of SBLF preferred stock

-

-

-

-

72,664

-

-

-

-

-

-

Proceeds from issuance of Series B Preferred stock, net

-

-

-

-

-

-

-

-

-

31,862

-

Proceeds from issuance of Common stock, net

-

-

-

-

-

-

-

-

-

52,454

116,854

Cash dividends paid

45,171

39,010

30,707

22,748

18,619

17,224

14,040

24,427

18,343

15,617

18,951

Purchase of treasury stock

24,292

-

-

-

6,296

-

-

-

-

-

-

Net payments on short-term borrowings

-

-

-

-

-

-

-

-

-

-

-83,000

Repayments of long-term debt

-

-

-

4,906

-

-

7,000

12,000

23,325

38,500

52,000

Proceeds from FHLB long term advances, net

-

-

-

-

30,000

50,000

-

-

-

-

-

Proceeds from issuance of Series T Preferred stock and warrants

-

-

-

-

-

-

-

-

-

-

100,000

Repurchase of Series T Preferred stock

-

-

-

-

-

-

-

-

100,000

-

-

Proceeds from issuance of Series C Preferred stock

-

-

-

-

-

-

-

-

72,664

-

-

Cash paid for withholding taxes on share-based payments

863

1,208

2,274

809

269

45

237

-

-

-

-

Cash payment for fractional shares related to Reverse Stock Split

-

-

-

-

5

-

-

-

-

-

-

Proceeds from stock options exercised

169

392

906

4

-

-

-

-

-

-

-

Common stock issuance costs

234

-

365

246

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

143,557

-260,496

227,058

-281,423

52,583

90,986

-99,107

191,568

-233,031

-227,858

-313,365

Net (decrease) increase in cash and cash equivalents

289,315

-113,299

186,566

-152,574

-20,158

107,835

-119,652

36,202

-103,912

211,894

16,958

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash Payments for:
Interest

70,577

40,639

19,342

9,674

6,282

6,665

9,086

15,523

23,953

43,715

76,073

Income taxes

24,725

23,183

26,419

20,186

17,170

6,395

4,749

1,045

2,756

1,251

-

Non-cash Investing and Financing Activities:
OREO acquired in settlement of loans

4,872

4,025

1,417

2,775

1,251

660

2,068

9,674

13,926

15,964

18,348

Other assets transferred to equity investments

-

4,000

-

-

-

-

-

-

-

-

-

Transfer of debt securities held to maturity to available for sale

593,548

-

-

-

-

-

-

-

-

-

-

Non-cash stock option activity

-

-

-

-

-

-

-

-

-

-

22

Conversion of Series B Preferred stock to Common stock

-

-

-

-

-

-

-

-

31,862

-

-

Employee stock ownership plan shares allocated

-

-

-

-

-

-

-

417

417

417

417

Biaggi stock warrant conversion

-

-

-

-

-

-

-

-

-

38

-

Securities available for sale transferred to loans

-

-

-

-

-

-

-

-

2,361

-

-