FIRST BUSEY CORPORATION BUSE Cash Flow

First busey corporation (BUSE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income
15,364	28,571	24,828	24,085	25,469	25,290	26,859	24,862	21,917	12,293	18,784	16,479	15,170	11,455	15,422	12,383	10,434	10,683	10,626	9,936	7,761	7,593	9,109	8,185	7,887	6,920	7,933	7,440	6,433	4,917	4,909	4,888	7,643	5,746	7,570	7,447	9,110
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
17,216	2,367	3,411	2,517	2,111	405	758	2,258	1,008	2,809	1,494	500	500	1,500	1,950	1,100	1,000	1,000	100	0	500	0	0	1,000	1,000	1,500	2,000	2,000	2,000	3,500	3,500	4,500	5,000	5,000	5,000	5,000	5,000
Depreciation
3,165	3,199	3,027	2,990	2,684	2,442	2,410	2,364	2,384	2,516	2,222	1,913	1,949	1,965	2,112	1,810	1,408	1,430	1,442	1,431	1,394	1,334	1,426	671	2,141	-1,028	2,130	2,175	2,189	2,252	2,183	2,163	2,161	2,249	2,251	2,263	2,300
Amortization of intangible assets
2,557	2,681	2,360	2,412	2,094	1,404	1,445	1,490	1,515	1,570	1,286	1,182	1,207	1,281	1,282	1,109	766	808	807	808	769	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of mortgage servicing rights
1,276	649	839	686	536	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization (accretion) of premium (discount) on portfolio loans
2,487	-	-	-	2,694	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization (accretion) of premium (discount) on investment securities
-1,869	-14,406	2,571	7,084	-1,355	-16,926	2,240	2,977	3,398	-12,994	3,059	1,522	1,748	3,100	2,367	1,715	247	254	619	341	262	-	-	-	-	-	-2,084	-2,188	-2,549	-2,564	-2,548	-2,393	-2,225	-2,019	-1,784	-1,384	-1,438
Net amortization (accretion) of premium (discount) on time deposits
374	405	441	469	333	52	70	109	12	160	34	99	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization (accretion) of premium (discount) on investment securities
-	-	-	-	-	-	-2,060	-2,161	-2,324	-	-1,629	-1,209	-1,334	-1,470	-1,685	-1,798	-1,924	-2,024	-2,098	-2,073	-2,165	-1,780	-1,828	-1,911	-1,786	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings
93	93	91	91	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of OREO
-	36	8	-18	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of fixed assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	670	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of mortgage servicing rights
177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities, net
-	-	-	-	-	-	1,628	1,421	-350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sales of securities, net
1,556	621	296	-1	-183	-	-	-	-	-781	290	-4	857	2	11	152	1,067	401	0	-22	1	736	0	-3	43	-	-	-	-	-	-	-	-	172	0	0	-2
(Gain) loss on sale of loans, net
3,900	5,797	5,407	3,474	2,141	2,641	2,710	3,002	2,093	8,532	10,775	12,172	13,964	20,169	4,526	3,205	399	1,000	1,549	1,868	1,426	1,169	1,339	1,234	981	1,283	2,684	2,763	3,497	3,611	3,255	3,256	2,413	3,501	2,977	1,835	2,632
(Gain) loss on sale of OREO
-1	21	-2	80	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	33	-51	26	32	176	40	96	279	-270	92
(Gain) loss on sale of premises and equipment
-37	1	2	-92	-24	24	-81	-53	-52	270	1	52	4	-215	-7	-38	9	-	-	-	-	23	-11	5	2	-	-	-	-	-	-	-	-	-	-	-	-
Realized (gain) loss on preferred stock and equity securities
18	-	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on life insurance proceeds
14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-1,722	3,720	0	-2,065	-1,751	-2,420	-1,095	-429	-3,172	-17,580	5,511	-978	-1,053	-4,901	-2,673	6,019	-1,398	-4,971	1,219	886	-119	-716	-4,584	-4,463	-2,952	-3,385	-2,089	-2,221	-2,415	-15,776	2,087	1,630	3,488	1,861	3,799	3,614	3,502
Stock-based and non-cash compensation
1,139	761	1,205	1,017	1,014	1,055	944	874	848	817	802	588	545	494	517	403	389	417	409	251	341	352	356	255	224	429	255	144	251	269	273	229	220	179	166	75	68
Decrease in deferred compensation
-	-3,442	0	-2,873	-466	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of bank owned life insurance
1,043	1,141	1,080	992	978	2,134	-302	502	726	748	716	540	348	265	579	484	194	364	358	353	379	360	358	-315	393	274	229	358	328	204	377	363	659	290	-635	346	456
Net cash provided by operating activities before activities for loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,661	15,628	9,052	-	14,674	17,054	8,997	16,178	11,618	23,013	10,954	17,775	11,427	16,194	15,892	19,071	13,182	18,480	19,765
Mortgage loans originated for sale
182,203	199,288	223,446	160,831	83,950	89,153	116,917	122,114	97,138	321,643	407,745	432,813	325,525	603,995	686,797	495,558	35,677	39,430	68,104	86,516	73,687	58,406	56,884	65,631	42,055	60,101	116,236	143,343	130,546	157,613	121,569	151,448	146,232	197,880	128,442	96,954	98,694
Proceeds from sales of mortgage loans
165,008	204,253	198,273	145,789	93,463	98,516	120,984	120,176	165,045	378,853	448,144	373,014	493,621	627,336	693,222	414,178	32,484	46,773	77,775	83,253	68,576	61,265	66,419	53,625	49,830	65,044	142,294	136,065	143,213	145,636	135,469	149,061	134,477	222,331	120,100	94,126	130,793
Net change in operating assets and liabilities:
Decrease in other assets
-991	-3,651	-570	1,052	-2,228	-12,160	4,428	997	-2,845	5,124	-6,170	6,493	-14,372	6,197	1,394	-8,360	1,176	2,165	-1,134	778	-1,672	-4,539	2,418	-283	292	-443	-712	-7,208	-1,257	-5,538	-628	-2,334	132	-3,676	2,718	-2,748	-4,039
(Decrease) increase in other liabilities
-1,194	-3,777	12,665	-10,325	-5,943	7,561	5,997	-962	-10,401	1,320	-10,352	11,782	-6,943	-7,413	3,122	1,025	-3,022	1,608	-672	2,890	-5,155	3,559	-266	1,345	-5,288	1,129	-797	1,529	-1,924	1,788	-369	1,418	-1,845	835	-572	-2,042	-2,254
Increase in interest payable
-	-	-	-	-	-	-	-	1,550	-	1,254	490	-94	-	-18	-28	-15	-	-19	-37	-42	-	-39	-31	-76	-	-78	-143	-165	-	-184	-132	-276	-	-439	-221	-847
Increase in income taxes receivable
-	-	-	-	-	-	-	-	-4,421	-	-912	5,878	-6,401	-	373	-315	1,015	-	-330	-2,486	-926	-	-1,079	1,587	-82	-	900	-1,405	277	-	45	-630	-520	-	1,038	-123	-587
Net cash (used in) provided by operating activities
18,813	28,485	14,951	1,114	36,250	55,411	35,373	18,100	93,663	74,004	44,214	-51,430	186,570	10,718	26,285	-64,879	6,982	22,867	22,332	12,365	3,941	22,082	24,209	5,048	16,772	21,121	37,676	15,735	23,621	5,798	25,327	13,807	4,137	43,522	4,840	15,652	51,864
Cash Flows from Investing Activities
Purchases of debt securities held to maturity
-	-	-	-	-	-1	132,717	60,182	24,868	167,478	20,398	121,677	43,126	-	-	-	-	-	-	-	-	0	0	0	1,026	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities available for sale
273,992	112,135	69,624	101,718	125,464	1,280	29,363	91,427	2,164	13,260	12,098	51,708	64,619	58,814	50,947	47,580	23,106	-614	54,821	125,701	55,383	12,563	4,853	38,548	126,159	5,360	35,845	28,402	14,111	124,104	60,771	106,939	162,724	84,832	86,850	99,817	102,798
Proceeds from sales of equity securities
29	516	0	0	958	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of debt securities available for sale
-	0	0	85,573	141,798	-	-	-	-	5,250	7,228	5,294	121,993	3,209	9,189	4,601	35,588	9,766	3,521	4,094	7,687	8,207	3,661	3,120	59,125	6,136	4,962	2,972	2,295	3,971	38,291	13,156	4,152	2,079	4,042	3,952	2,681
Proceeds from paydowns and maturities of debt securities held to maturity
-	0	500	100	13,822	-	-	10,021	8,012	4,910	3,539	1,945	874	2,478	409	421	503	72	402	2	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from paydowns and maturities of debt securities available for sale
158,536	175,129	220,058	103,131	43,435	48,060	32,705	39,751	43,066	38,859	51,186	55,377	47,872	57,975	64,606	69,115	49,608	48,615	37,323	58,737	56,105	47,386	32,894	50,467	54,582	60,650	44,034	42,519	56,705	77,012	39,815	53,817	47,153	42,420	31,395	21,839	32,103
Proceeds from the redemption of FHLB stock
-	-	-	-	-	-18,515	21,265	6,978	-4,864	10,412	-10,323	-364	6,365	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (received) paid in acquisitions
-	0	12,094	0	49,387	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
64,338	17,264	137,427	16,987	72,655	-54,331	68,115	25,236	10,844	71,110	65,637	45,799	-13,396	63,448	14,729	-24,823	-52,060	63,742	74,624	24,317	-44,285	37,090	64,444	79,487	-54,417	51,303	117,762	90,075	-774	27,563	33,310	19,395	-46,588	-13,925	-63,685	-57,441	-98,850
Cash paid for premiums on bank-owned life insurance
111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
2,314	2,492	4,828	4,853	1,065	1,182	1,842	4,086	4,508	3,644	5,282	3,959	2,095	2,243	2,066	3,447	1,235	849	934	1,269	1,062	986	1,244	952	596	270	569	773	937	1,692	3,509	2,045	1,365	680	383	969	716
Proceeds from life insurance
274	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of premises and equipment
607	-	-	-	-	-	-	-	-	1,602	11	567	44	1,621	19	833	12	1	296	6	9	70	1	5	2	7	2,248	139	462	72	-14	0	19	-	-	-	-
Proceeds from sale of OREO
81	410	952	972	147	1,023	3,553	83	639	955	304	536	3,229	587	2,522	1,023	366	163	327	175	425	84	1,403	677	575	1,333	833	465	1,014	5,721	3,453	2,907	2,869	8,268	1,703	1,378	3,482
Net cash (used in) provided by investing activities
-181,228	45,291	170	67,908	-48,411	250,055	-186,698	-132,904	14,197	-205,116	-12,879	-159,788	83,933	-40,878	2,772	74,053	113,796	-5,622	-102,892	-89,916	64,184	5,112	-32,579	-64,715	40,920	11,192	-102,937	-73,155	46,202	-66,583	-16,045	-58,499	-63,308	-18,723	13,592	-15,230	33,602
Net change in deposits
71,211	-27,665	97,685	70,465	75,034	53,804	31,727	-34,695	72,764	204,384	-28,310	-40,698	-23,588	-41,468	-60,846	-54,354	-16,717	-19,949	-22,324	-25,659	-18,642	-20,609	-21,445	-21,375	-22,871	-25,884	-23,327	-30,279	-29,338	-28,774	-19,969	-13,304	-54,240	-20,150	-42,414	-47,990	-92,155
Net (decrease) increase in demand deposits, money market and savings accounts
-	-	-	-	-	-	-	-	132,493	-	-126,882	-50,499	134,967	79,434	13,168	29,381	-90,661	198,525	-2,886	-22,486	59,778	96,063	-14,689	-44,270	80,906	15,170	32,243	-115,730	65,991	116,542	17,383	28,187	171,013	27,143	-14,966	7,835	29,785
Net change in federal funds purchased and securities sold under agreements to repurchase
-38,241	2,991	11,654	-26,231	-19,318	-70,110	15,797	4,798	-69,255	24,455	15,003	15,516	-26,076	-23,206	38,637	-15,255	-6,831	-3,989	2,609	-9,323	-15,218	41,611	16,719	23,325	-55,110	15,838	8,272	17,429	-8,215	7,271	12,638	-25,594	16,842	-2,038	3,109	6,062	-18,248
Proceeds from other borrowings
20,000	-	-	-	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other borrowings
54,000	1,500	1,500	1,500	1,500	0	-64,500	-150,000	220,000	-	-	-50,000	75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term FHLB advances
1,193	-	-	-	1,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
12,055	11,592	11,632	11,681	10,266	9,772	9,756	9,743	9,739	8,736	8,207	6,885	6,879	6,485	6,504	4,880	4,879	5,033	4,536	4,527	4,523	4,525	4,523	4,522	3,654	4,378	4,380	4,374	908	11,307	4,375	4,372	4,373	3,845	4,874	4,713	4,911
Purchase of treasury stock
9,672	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,000	1,000	-	-	-	-	0	0	16,575	6,750
Cash paid for withholding taxes on share-based payments
75	-	-	-	-	-	-	-	-	299	716	0	1,259	548	249	2	10	0	242	5	22	20	0	13	12	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
-	-	-	-	-	5	41	216	130	741	28	0	137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issuance costs
-	0	0	0	234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-24,025	-69,945	90,129	20,778	102,595	-226,145	81,247	-21,991	-93,607	270,003	-111,054	65,807	2,302	-163,969	64,706	-63,062	-119,098	126,890	-33,680	-62,000	21,373	132,520	6,062	-46,855	-741	622	12,725	-138,984	26,530	83,732	-1,323	-20,083	129,242	1,110	-86,481	-55,381	-92,279
Net (decrease) increase in cash and cash equivalents
-186,440	3,831	105,250	89,800	90,434	79,321	-70,078	-136,795	14,253	138,891	-79,719	-145,411	272,805	-194,129	93,763	-53,888	1,680	144,135	-114,240	-139,551	89,498	159,714	-2,308	-106,522	56,951	32,935	-52,536	-196,404	96,353	22,947	7,959	-64,775	70,071	25,909	-68,049	-54,959	-6,813
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash Payments for:
Interest
14,391	19,347	18,108	18,246	14,876	13,974	9,453	9,887	7,325	7,857	5,323	3,154	3,008	3,016	2,453	2,614	1,591	1,531	1,554	1,562	1,635	1,590	1,639	1,666	1,770	1,950	2,080	2,359	2,697	3,115	3,651	4,083	4,674	4,770	5,524	6,252	7,407
Income taxes
500	9,520	4,650	9,865	690	-	-	-	-	7,050	6,253	13,058	58	6,286	4,600	4,100	5,200	7,600	3,800	2,640	3,130	3,709	123	1,463	1,100	1,343	2,296	0	1,110	415	560	0	70	0	1,850	636	270
Non-cash Investing and Financing Activities:
OREO acquired in settlement of loans
578	2,523	953	819	577	319	581	2,777	348	940	219	68	190	600	832	1,302	41	852	75	132	192	64	-13	293	316	1,051	354	416	247	659	4,124	1,795	3,096	5,047	6,146	1,310	1,423
Transfer of debt securities held to maturity to available for sale
-	19,909	0	0	573,639	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Series B Preferred stock to Common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	31,862