Bankwell financial group, inc. (BWFG)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities
Cash flows from operating activities
Net Income (Loss) Attributable to Parent

14,499

18,216

18,005

18,774

17,913

17,433

16,268

15,674

14,728

13,830

15,057

13,934

13,061

12,350

11,645

10,758

10,148

9,030

7,139

6,377

5,318

4,568

5,203

5,031

5,272

5,161

0

0

0

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Net amortization (accretion) of premiums and discounts on investment securities

344

368

391

397

69

54

47

35

21

31

-1,222

-1,351

-1,595

-1,737

-503

-402

-191

-99

-131

-144

-138

-124

-28

-91

-94

-97

0

0

0

Provision for loan losses

3,427

437

2,922

2,471

3,622

3,440

150

226

811

1,341

2,584

3,405

3,811

3,914

3,520

3,790

3,143

3,230

4,181

3,257

2,674

2,152

943

425

606

585

0

0

0

Credit for deferred income taxes

-538

276

1,422

1,141

1,095

1,284

4,044

4,184

3,989

3,908

400

-173

-705

-1,104

-1,340

-1,305

-1,080

-966

-1,557

-1,348

-1,014

-696

0

0

0

-

-

-

-

Change in fair value of marketable equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale, Realized Gain

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of marketable equity securities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available-for-sale Securities, Gross Realized Gain (Loss)

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,388

3,400

3,007

2,638

2,210

1,732

1,738

1,535

1,465

1,513

1,458

1,624

1,713

1,729

1,734

1,717

1,710

1,685

1,660

1,575

1,436

1,239

1,061

860

716

666

0

0

0

Amortization of debt issuance costs

52

52

52

52

52

52

52

52

52

52

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

1,002

1,008

1,020

1,032

1,043

1,057

1,084

1,112

1,142

1,170

1,052

931

810

693

700

708

718

727

741

693

595

497

0

0

0

-

-

-

-

Loan principal sold from loans originated for sale

-

-

-

-

-

-

-

-

-

3,485

-1,004

7,499

5,213

3,313

0

0

-28,455

-

-17,899

-14,190

-14,364

-27,282

-35,474

-66,823

-88,186

-72,589

0

0

0

Proceeds from sales of loans originated for sale

-

-

-

-

-

-

-

-

-

4,626

-1,436

499

2,898

3,381

-554

3,127

5,127

7,546

18,838

17,429

15,337

28,109

36,765

66,590

90,627

74,509

0

0

0

Gain (Loss) on Sales of Loans, Net

1,702

1,791

1,558

1,005

703

984

1,703

1,589

1,473

1,427

638

765

680

466

615

899

1,134

1,113

1,190

1,109

974

1,313

1,291

1,897

2,440

2,020

0

0

0

Stock-based compensation

1,189

1,020

1,100

1,152

1,226

1,290

1,210

1,116

981

917

1,071

1,116

1,155

1,188

1,025

1,024

1,040

1,033

1,205

808

665

573

302

485

425

343

0

0

0

Net accretion of purchase accounting adjustments

75

76

78

132

112

-239

-246

-301

-284

80

96

258

203

136

107

-100

-98

-104

904

875

819

656

0

0

0

-

-

-

0

Net change in FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,000

0

0

0

Net proceeds from short term FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net repayments from long term FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,178

0

0

0

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

0

0

0

Net change in:
Deferred loan fees

247

360

716

522

663

745

565

697

771

829

505

388

-51

-466

-372

-625

-738

-668

-1,149

-1,135

-1,042

-1,120

-765

-622

-618

-479

0

0

0

Accrued interest receivable

-667

-416

-139

643

1,203

465

711

283

151

952

845

531

810

887

668

1,134

1,028

748

816

766

654

619

441

214

114

185

0

0

0

Other assets

25,234

12,731

35,511

20,596

10,109

1,008

-5,389

-1,632

1,771

1,740

6,977

3,190

977

3,006

1,595

3,928

735

519

-2,528

-1,345

349

-58

3,954

1,052

671

501

0

0

0

Accrued expenses and other liabilities

-4,728

-799

14,497

8,375

-245

-1,002

-4,769

-1,403

4,607

4,136

8,705

4,483

3,190

2,275

1,204

2,958

1,504

779

1,760

205

2,312

978

443

918

236

-1,114

0

0

0

Net cash (used in) provided by operating activities

-10,711

6,631

1,829

10,143

11,986

19,977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

0

20,416

-

14,415

13,215

13,986

13,148

17,396

15,026

11,773

9,170

1,738

2,962

4,572

2,949

0

0

0

Cash flows from investing activities
Proceeds from principal repayments on available for sale securities

10,100

9,881

9,752

9,180

9,344

9,430

8,780

7,939

6,494

5,217

3,488

2,123

1,399

770

999

1,944

1,866

1,877

8,494

10,570

10,363

10,189

3,392

460

578

723

0

0

0

Proceeds from principal repayments on held to maturity securities

222

226

216

208

204

180

198

199

198

212

196

199

205

205

210

216

219

220

210

2,391

2,372

2,353

2,343

147

154

180

0

0

0

Purchases of marketable equity securities

164

43

2,037

2,025

2,014

2,003

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sales and calls of available for sale securities

-

-

-

-

-

12,377

14,272

17,207

12,883

54,705

104,693

101,943

109,352

60,696

12,813

13,308

8,650

22,030

32,330

32,550

29,800

15,920

1,940

720

10,914

10,514

0

0

0

Purchases of available for sale securities

8,309

12,270

12,267

17,338

10,028

24,379

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available for sale securities

-

-

-

-

-

-

-

-

-

-

0

0

109,226

-

0

0

0

-

-

-

-

53,772

0

0

0

-

-

-

0

Purchase of held to maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

6,835

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

-

-

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

27,934

3,359

-33,056

-17,806

46,517

68,923

84,820

109,239

129,055

177,549

197,643

209,369

232,428

218,603

157,073

18,273

-120,841

-218,772

-287,779

-257,729

-224,143

-200,118

-131,993

-81,617

-73,213

-77,004

0

0

0

Loan principal sold from loans not originated for sale

15,652

25,510

23,436

18,935

15,629

8,980

7,208

11,362

13,562

14,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans not originated for sale

17,354

27,301

24,994

19,940

16,332

9,964

8,043

12,078

14,158

14,805

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment, net

569

645

471

803

2,092

3,351

4,519

4,526

3,054

1,874

8,653

8,331

8,501

8,401

543

508

420

938

1,331

1,318

1,450

2,042

2,020

2,304

2,019

908

0

0

0

Reduction of Federal Home Loan Bank stock

968

635

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction (purchase) of Federal Home Loan Bank stock

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

951

951

956

582

400

0

0

0

-

-

-

-

1,693

0

0

0

Purchase of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

0

0

875

-

1,026

475

364

445

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-1,514

18,686

52,012

21,166

-43,922

-74,612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

0

-252,730

-

-243,225

-281,255

-264,279

-193,546

-257,223

-261,008

-241,359

-238,699

-160,990

-86,873

-57,128

-51,707

0

0

0

Cash flows from financing activities
Net change in time certificates of deposit

173,068

12,419

987

19,649

19,465

-16,541

-4,622

-35,416

15,107

29,417

52,535

111,666

140,528

165,224

166,478

195,939

173,646

128,379

192,483

87,678

90,434

111,247

36,707

89,460

99,537

66,538

0

0

0

Net change in other deposits

-13,301

-22,760

-23,873

-7,557

75,373

120,380

88,001

86,769

83,961

79,967

140,340

122,069

93,251

76,930

24,851

33,160

85,495

83,257

37,423

33,171

-35,534

-37,973

50,284

57,343

35,514

68,772

0

0

0

Net change in FHLB advances

-25,000

-10,000

-30,000

-49,000

-49,000

-39,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of options

39

30

43

76

161

536

1,176

1,343

1,496

1,368

1,538

1,397

1,136

1,106

526

467

467

501

258

258

274

207

203

587

637

467

0

0

0

Dividends paid on common stock

4,151

4,079

4,002

3,924

3,842

3,759

3,358

2,956

2,552

2,149

2,139

1,978

1,819

1,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

2,025

988

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

110

110

110

110

109

111

111

111

0

0

0

Net cash provided by financing activities

128,630

-25,378

-57,833

-41,744

42,157

62,016

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

116,405

-61

-3,992

-10,435

10,221

7,381

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

0

233,563

-

238,068

287,167

303,571

220,436

291,091

190,997

166,768

196,075

143,789

175,836

113,430

101,844

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

358

-8,690

1,249

7,758

9,258

19,127

53,278

40,038

51,264

-54,985

-62,818

-33,454

-15,463

91,925

60,874

53,086

0

0

0

Supplemental disclosures of cash flows information:
Cash paid for:
Interest

23,719

23,937

23,747

22,197

20,426

18,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

0

12,624

-

11,148

10,071

8,902

7,544

6,068

5,143

4,358

3,985

3,397

2,992

2,772

2,527

0

0

0

Income taxes

2,881

2,893

2,738

2,998

3,700

3,685

0

0

0

-

-

-

-

8,584

7,439

8,124

6,179

6,136

6,848

4,083

3,042

2,222

1,280

2,443

2,944

2,872

0

0

0

Noncash investing and financing activities
Noncash investing and financing activities:
Loans transferred to other real estate owned

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

883

0

0

0

-

-

-

-

-

-

0

0

Net change in unrealized gains or losses on available for sale securities

3,753

2,921

4,076

3,081

1,294

-1,854

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized gains or losses on interest rate swaps

-24,475

-11,121

-21,014

-13,465

-7,679

-1,604

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Establishment of right-of-use asset and lease liability

1,012

11,493

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in unrealized gains or losses on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-