Cobiz financial inc (COBZ)
CashFlow / Quarterly
Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

11,394

12,981

3,622

11,193

9,489

8,614

8,733

10,269

8,532

7,365

4,400

6,954

7,383

7,332

6,982

7,891

8,617

5,517

7,275

7,025

7,262

6,049

7,531

6,349

6,150

4,540

21,954

4,443

3,839

3,226

Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-525

-576

-

-894

-904

-951

-1,093

-1,047

-712

-797

-736

-731

-548

-587

Depreciation, amortization and accretion

524

884

1,266

1,159

1,399

1,473

1,127

920

1,200

1,199

1,232

1,125

852

903

393

1,236

864

816

3,100

911

944

953

955

1,058

971

1,020

978

906

922

942

Accretion of net loan fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

478

322

-

474

264

257

353

158

281

209

42

243

243

-64

Provision for loan losses

-901

-325

945

1,060

673

607

349

-1,168

-1,652

370

5,390

762

1,057

-789

-874

-452

-941

-1,888

-4,595

-1,554

-1,065

-1,590

-372

-2,506

-1,820

-70

354

0

1,982

1,640

Stock-based compensation

914

767

516

737

855

985

721

690

833

969

713

707

739

1,165

701

715

711

1,014

551

697

746

748

455

505

516

489

357

372

341

424

Federal Home Loan Bank stock dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

-26

-26

-6

0

-13

-31

-15

-11

-3

-2

-3

Deferred income taxes

-525

787

8,298

-1,489

-1,695

2,104

386

318

-810

4,091

-2,590

-1,292

-257

2,567

1,548

68

381

3,522

89

165

1,190

3,338

1,445

-1,531

77

761

-13,157

1,429

-924

145

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

36

31

543

-

18

937

-452

-

-

-

-

-

-

-

-

-

-

-

-

Bank-owned life insurance

355

398

351

356

310

349

367

345

298

357

354

349

287

344

343

26

584

318

343

351

276

325

331

345

290

320

341

321

276

299

Supplemental executive retirement plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

181

791

33

33

33

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

-

-

-200

6

32

-345

-33

-98

7

3

-

-

-

-

-

-

-1,646

-184

-

-

-

-

-

-

-

-

-

-

943

1,362

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

-

-

-

-

-

-

-

-

-

-

-

59

95

-31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating activities, net

-371

-377

-682

-1,296

-251

40

-991

-474

-404

1,000

-1,206

-9

-136

-410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

319

1,039

81

-

-65

-529

-453

-

-

-

-

Other operating activities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,228

-

-373

-743

-595

-1,294

466

-287

-1,609

-564

940

-748

-6

Changes in operating assets and liabilities:
Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-324

526

-

47

5

852

-714

450

396

-51

321

-205

-416

492

Other assets

170

-3,021

4,920

-783

-913

-1,358

3,040

-3,981

3,687

213

-1,020

2,326

-694

-83

538

804

1,324

-1,273

-

-

-2,807

3,760

4,247

209

-1,933

-6,008

1,501

2,530

-51

-3,043

Prepaid FDIC insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,020

-345

-360

-1,838

1,150

-417

-

-

-

-

Other liabilities

4,334

-5,188

-4,360

6,709

3,906

-6,199

1,544

3,569

6,487

-7,184

661

4,447

2,127

-7,472

-

-

-

-12,371

-1,045

3,776

-908

-7,457

6,078

-3,972

4,598

-5,706

3,434

-1,149

1,853

-2,223

Net cash provided by operating activities

14,720

12,152

4,134

18,506

15,011

8,288

8,429

17,662

10,208

7,243

9,630

9,924

12,046

2,523

6,608

10,214

12,564

-2,115

7,466

11,277

10,547

-2,539

11,349

2,144

11,231

6,788

16,648

5,669

8,735

8,443

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of other investments

5,294

6,718

3,140

6,395

8,436

4,440

4,231

575

5,355

5,559

2,807

5,376

1,525

4,057

4,240

2,519

14,091

9

264

13

2,504

211

613

8

2,696

2

8

2,094

210

1,011

Proceeds from other investments

-1

5,961

4,345

10,643

7,105

2,296

1,665

7,593

6,486

3,408

2,021

3,038

5,900

3,469

6,425

7,382

5,516

133

1,077

2,067

253

703

3,699

3,126

537

108

1,106

219

1,431

231

Purchase of investment securities available for sale

64,310

24,970

-

-

16,964

53,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-11,725

32,838

6,523

413

925

353

8,381

3,394

7,341

71,652

40,181

20,454

40,067

44,836

57,420

45,787

63,971

51,089

69,155

38,288

Purchase of investment securities held to maturity

20,291

41,079

23,299

10,176

0

41,319

76,365

12,230

-376

797

33,239

20,431

37,748

16,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

6,710

5,745

-

-

7,000

17,500

11,071

11,352

487

4,412

1

25,301

8,619

2,998

13,402

20,910

28,914

20,289

28,597

33,609

50,136

34,198

67,967

61,569

77,183

40,130

52,033

56,579

46,703

56,774

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

17,552

16,035

-17,109

57,864

15,577

16,920

18,577

16,968

18,246

13,039

24,129

17,803

15,316

11,712

6

6

8

14

7

8

7

8

8

6

7

7

8

7

8

7

Net proceeds from sale of loans, OREO and repossessed assets

0

100

-

-

-

-

0

0

0

60

426

383

711

979

441

3,252

2,290

6,409

-1,000

6,757

3,692

1,817

7,235

2,241

2,503

859

5,697

4,726

570

5,050

Loan originations and repayments, net

-18,279

-59,233

25,662

60,111

72,662

52,738

111,148

12,734

94,845

21,365

78,099

122,628

47,535

43,311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and repayments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72,544

-

-36,709

-95,148

1,192

-117,948

-49,085

-87,856

-43,623

15,180

-7,440

-24,908

-2,544

Purchase of premises and equipment

0

211

967

373

881

1,046

4,026

2,895

1,426

1,034

585

160

439

363

452

1,211

1,896

667

513

269

412

762

715

381

364

513

1,215

468

272

645

Other investing activities, net

0

-47

-15

-3

22

-657

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-10

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

2

-3,978

0

-5

-7,354

Net cash used in investing activities

-47,355

14,143

-17,678

-43,179

-69,283

-115,506

-169,373

2,838

-76,283

-7,836

-76,428

-134,983

-63,224

-45,620

-34,312

-40,117

-119,172

-49,769

-14,572

-67,036

-86,537

16,491

-85,085

-22,713

-65,916

-48,823

12,808

3,676

-42,634

26,938

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

-28,439

-32,171

66,782

109,449

24,497

30,303

94,809

134,843

23,981

35,595

37,448

88,902

108,899

72,181

131,543

83,426

-17,641

50,236

24,616

233,726

-34,677

-58,836

103,752

110,823

36,358

4,555

71,886

-13,144

-365

94,983

Net decrease in certificates of deposits

-6,786

-13,283

-19,094

-4,556

-1,959

-9,985

-2,219

-3,994

7,999

-2,943

-3,149

-13,875

-23,730

-17,255

-5,628

-16,204

-5,941

-6,537

-14,772

-504

5,544

-5,320

-23,268

-9,036

6,667

-18,997

-

-

-

-

Net decrease in certificates of deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,067

Net increase in short-term borrowings

92,182

20,178

-23,836

-80,524

27,000

48,770

104,031

-162,738

58,410

-25,473

22,000

110,000

-73,000

-39,469

-73,284

-74,247

199,999

60,001

-

-

116,000

39,000

0

-74,225

6,555

47,670

-54,373

44,373

30,000

-14,012

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

-3,274

-10,691

-7,376

-8,868

9,378

32,186

-24,475

14,206

-1,233

-8,318

-14,723

3,854

-486

8,838

-26,065

1,476

-14,956

-48,973

-25,694

30,786

8,520

-3,005

3,051

-2,308

8,645

-9,449

-3,929

-12,966

-12,831

-16

Proceeds from issuance of common stock

389

380

266

367

340

608

776

334

536

472

500

310

434

489

678

335

284

273

571

430

406

553

376

146

107

11,953

106

117

121

124

Taxes paid in net settlement of restricted stock

21

886

0

13

8

1,105

1

1

34

855

24

5

37

1,141

3

3

24

1,015

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

4,238

2,322

2,323

2,296

2,088

2,078

2,075

2,077

1,859

1,847

1,846

1,843

1,637

1,627

1,614

1,626

1,447

1,389

1,210

1,208

1,211

1,191

793

792

791

371

370

364

370

368

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

143

33

144

143

144

144

143

143

143

144

514

664

717

717

717

717

0

782

806

806

Other financing activities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

366

-233

-1

128

-20

-3

-4

-25

2

-3

-6

-5

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

36

31

543

-

18

33

452

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

49,813

-38,795

14,419

13,559

57,160

98,699

170,846

-19,427

87,800

-3,369

40,161

129,788

69,514

22,416

25,536

-6,969

160,161

52,908

-16,563

86,869

94,067

-29,335

82,381

23,888

56,820

34,619

-20,684

-8,940

-4,448

28,833

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

17,178

-12,500

875

-11,114

2,888

-8,519

9,902

1,073

21,725

-3,962

-26,637

4,729

18,336

-20,681

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,024

-

31,110

18,077

-15,383

8,645

3,319

2,135

-7,416

8,772

405

-38,347

64,214