Cobiz financial inc (COBZ)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

32,918

34,899

26,069

29,007

27,611

24,570

33,462

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income (loss)

-

-

-

-

-

-

-

-22,428

-83,355

Net amortization on investment securities

-

-

-

-

-

-3,649

-2,602

-1,716

-559

Depreciation, amortization and accretion

5,297

4,446

4,112

3,309

5,908

4,004

3,748

3,862

4,386

Accretion of net loan fees

-

-

-

-

-

1,001

464

-11

924

Provision for loan losses

3,285

-2,101

6,420

-4,155

-8,804

-4,768

3,976

35,033

105,711

Stock-based compensation

3,093

3,213

3,324

3,141

2,742

1,965

1,494

1,591

1,543

Federal Home Loan Bank stock dividend

-

-

-

-

60

-59

-19

-189

-245

Deferred income taxes

7,218

3,985

-1,572

5,519

4,782

752

-12,507

15,050

-18,493

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

9

5

Bank-owned life insurance

1,366

1,367

1,334

1,271

1,295

1,286

1,237

1,262

1,184

Supplemental executive retirement plan

-

-

-

-

-

181

890

807

85

Impairment of goodwill

-

-

-

-

-

-

-

-

46,160

Net gain on securities, other assets and other real estate owned

-507

-121

-369

-2,618

683

362

3,916

8,428

5,599

Net gain on securities, other assets and other real estate owned

-

-

-

2,597

-

-

-

-

-

Other operating activities, net

-2,189

-869

-1,761

-893

-2,080

-

-

-

-

Other operating activities, net

-

-

-

-

-

-2,724

-378

-1,311

-1,258

Changes in operating assets and liabilities:
Accrued interest receivable

-

-

-

-

-

81

192

-103

-433

Other assets

1,866

2,959

529

1,393

-2,898

-3,485

937

-8,781

11,077

Prepaid FDIC insurance

-

-

-

-

-

-1,465

-3,226

-4,205

-

Prepaid FDIC insurance

-

-

-

-

-

-

-

-

10,262

Restricted cash

-

-

-

-

-

-

-

-

7,358

Other liabilities

56

4,416

-237

-3,375

-5,634

998

1,915

3,218

-2,390

Net cash provided by operating activities

45,939

43,542

34,123

27,271

26,751

31,512

39,495

57,606

27,925

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of other investments

22,411

15,720

13,765

20,859

2,992

3,319

3,323

1,564

542

Proceeds from other investments

24,389

19,152

14,428

19,456

4,100

7,470

2,987

12,348

8,705

Purchase of investment securities available for sale

80,878

6,962

28,049

13,053

139,628

188,110

222,503

405,063

136,436

Purchase of investment securities held to maturity

74,794

89,016

108,052

-

7,765

5,254

-

-

-

Proceeds from sale of investment securities available for sale

-

-

-

11,590

-

9,598

8,916

431

2,158

Maturity, call and principal payments on investment securities available for sale

46,857

27,322

36,919

83,515

146,540

246,849

212,089

290,003

109,275

Maturity, call and principal payments on investment securities held to maturity

73,252

66,830

68,960

34

30

28

30

38

77

Deferred payments and cash paid in earn-outs, net

-

-

-

-

-

-

-

-

375

Purchase of bank-owned life insurance

-

3,195

-

3,335

-

1,420

2,486

-

2,658

Net proceeds from sale of loans, OREO and repossessed assets

1,726

60

2,499

12,392

11,266

12,838

16,043

38,147

16,873

Acquisition of client relationships

-

-

75

250

-

766

-

-

-

Loan originations and repayments, net

211,173

240,092

291,573

326,658

165,813

-

-

-

-

Loan originations and repayments, net

-

-

-

-

-

-298,512

-19,712

49,026

-

Loan originations and repayments, net

-

-

-

-

-

-

-

-

-136,985

Purchase of premises and equipment

3,267

9,381

1,547

4,226

1,956

1,973

2,600

3,046

2,784

Other investing activities, net

-653

-348

-

1,976

-24

-39

-10

-1

567

Restricted cash

-

-

-

-

-4,540

5

-11,337

8,514

-

Net cash used in investing activities

-245,646

-250,654

-320,255

-243,370

-151,654

-222,537

788

-28,193

130,711

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in demand, money market and savings accounts

231,031

289,228

307,430

247,564

164,829

255,488

153,360

90,778

252,287

Net decrease in certificates of deposits

-35,594

-1,157

-58,009

-34,310

-15,052

-44,634

-124,322

-170,243

-

Net decrease in certificates of deposits

-

-

-

-

-

-

-

-

77,496

Net increase in short-term borrowings

-28,590

-25,770

19,531

112,469

-

-20,000

5,988

13,771

-542,823

Net increase (decrease) in securities sold under agreements to repurchase

25,320

-19,820

-2,517

-88,518

10,607

-61

-29,742

17,896

6,316

Proceeds from the issuance of preferred stock, net

-

-

-

-

-

-

57,337

-

-

Redemption of preferred stock

-

-

57,366

-

-

-

64,450

-

-

Redemption of subordinated notes payable

-

-

-

-

20,984

-

-

-

-

Net proceeds from issuance of subordinated notes payable

-

-

59,250

-

-

-

-

-

-

Proceeds from issuance of common stock

1,581

2,118

1,733

1,570

1,960

12,582

468

735

56,340

Taxes paid in net settlement of restricted stock

1,126

891

1,207

1,045

297

-

-

-

-

Dividends paid on common stock

8,785

7,858

6,953

6,076

4,820

2,747

1,472

1,470

2,597

Dividends paid on preferred stock

-

-

463

574

1,465

2,868

2,394

3,222

2,919

Net distribution to noncontrolling interests

-

-

-

-

-

-

-

1,138

-

Net distribution to noncontrolling interests

-

-

-

-

-

-

-

-

542

Other financing activities, net

-

-

450

556

260

-52

-12

-

-51

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

9

5

Net cash provided by financing activities

183,837

235,850

261,879

231,636

135,038

197,708

-5,239

-52,884

-156,488

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-15,870

28,738

-24,253

15,537

10,135

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

6,683

35,044

-23,471

2,148