Customers Bancorp, Inc. CUBI Cash Flow

Customers bancorp, inc. (CUBI)

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	Jun'10
Cash Flows from Operating Activities
Net income
3,100	27,526	27,066	9,295	15,440	17,862	6,029	23,662	24,142	21,615	7,753	23,722	25,747	19,827	17,793	21,774	19,308	17,786	15,289	11,556	13,952	14,496	11,662	10,238	8,136	9,011	8,268	8,226	7,189	7,566	6,636	6,504	3,112	3,228	2,337	145	-1,676	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses on loans and leases
31,786	9,688	4,426	5,346	4,767	1,385	2,924	-784	2,117	831	2,352	535	3,050	187	88	786	1,980	6,173	2,094	9,335	2,964	2,459	5,035	2,885	4,368	-4,234	4,472	2,115	-117	-384	10,116	2,738	1,800	945	900	2,850	2,800	-
Loss contingency
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000	0	0	0	0	-	-	-	-	-
Depreciation and amortization
7,406	7,712	6,283	4,597	4,287	3,922	3,519	3,372	3,344	3,325	5,083	918	1,475	1,759	2,410	882	846	964	966	1,035	1,033	801	975	917	890	1,014	836	651	628	577	760	239	448	408	353	320	294	-
Share-based compensation expense
3,463	2,562	2,389	2,519	2,381	3,145	2,211	2,166	2,218	1,790	1,815	1,733	1,829	1,856	1,919	1,605	1,689	1,549	1,357	1,339	1,416	1,189	1,195	1,194	1,659	907	926	831	704	398	350	738	528	189	186	182	147	-
Deferred taxes
-22,287	5,815	9,382	-2,559	1,878	3,065	2,066	1,488	2,684	14,534	2,874	-2,304	-284	2,267	-2,283	-3,031	468	-2,512	-4,104	-1,936	-1,540	-6,304	-2,099	1	2,215	2,215	-6	0	1	-2,619	-1,300	1	187	-2,728	0	0	0	-
Net amortization (accretion) of investment securities premiums and discounts
-251	-325	-270	-230	-191	-198	-392	-438	-375	-182	-288	-121	-111	-227	-240	-219	-205	-235	-219	-193	-211	-247	-204	-193	-177	-107	-140	-120	-108	-165	-2,704	-154	-39	-139	254	13	15	-
Unrealized (gain) loss on investment securities
-1,400	312	1,333	-347	2	-68	-1,236	-306	10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of investment securities
3,974	-	-	-	0	-	-	-	-	-	-	-	-	0	-1	0	26	0	-16	-69	0	0	0	359	2,832	1,274	0	0	0	11	0	8,797	209	1,318	1,413	0	0	-
Impairment loss on investment securities
-	-	-	-	-	-	-	-	-	0	8,349	2,882	1,703	7,262	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of SBA and other loans
170	2,202	298	166	138	33	1,308	1,095	1,477	1,345	1,370	762	1,421	1,011	1,485	379	810	1,344	1,041	828	1,266	1,943	977	1,926	498	450	-6	358	50	89	-71	339	0	-48	299	0	78	-
Origination of loans held for sale
7,046	12,284	13,608	13,970	8,182	8,721	11,424	7,274	4,280	8,829	11,901	14,115	6,327	-27,053,112	9,950,000	10,266,114	6,876,748	-23,109,384	8,058,087	8,463,484	6,627,070	5,839,516	5,405,293	4,074,294	2,819,236	3,493,031	4,732,671	6,409,695	6,035,469	6,105,146	5,945,663	858,537	501,139	557,150	605,144	546,180	534,648	-
Proceeds from the sale of loans held for sale
7,948	11,340	16,524	11,366	8,225	8,740	11,296	7,041	5,599	8,938	12,997	11,926	6,795	-26,431,017	9,847,150	9,932,876	6,693,763	-22,763,304	8,327,348	8,190,819	6,285,952	5,735,684	5,235,931	3,711,785	2,869,796	3,663,377	5,229,675	6,353,872	6,113,541	5,853,142	5,041,313	750,870	500,270	587,425	575,117	546,190	559,608	-
Amortization (accretion) of fair value discounts and premiums
-378	332	329	70	162	30	79	9	76	-5	-5	71	27	93	77	349	-114	1,626	-1,426	600	32	-42	-28	-74	-129	-188	-451	-314	41	37	-323	1,420	-1,374	610	-641	126	185	-
Decrease in FDIC loss sharing receivable net of clawback liability
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	49	-304	1,900	-1,394	1,790	134	-304	741	982	990	-3,444	3,961	370	723	-699	3,796	-449	1,190	256	0	205	1,504	-
Net (gain) loss on sales of other real estate owned
4	0	-137	0	0	-	-	-	-	0	-317	60	103	-45	-5	-65	-15	-252	-175	107	-441	-238	-173	-508	-47	-478	-74	-209	29	-243	-384	-661	60	132	235	0	0	-
Valuation and other adjustments to other real estate owned
-	-	-	-	-	29	46	37	41	0	67	208	23	212	1,068	23	170	75	1,225	-651	343	1,338	199	315	127	-	-	-76	89	-	-	-957	957	-580	959	66	131	-
Earnings on investment in bank-owned life insurance
1,762	1,795	1,824	1,837	1,816	1,851	1,869	1,869	2,031	1,922	1,673	2,257	1,367	1,107	1,386	1,120	1,123	3,599	1,177	1,169	1,061	1,056	976	835	835	824	615	567	476	423	402	287	346	-	-	-	-	-
Net increase in earnings on investment in bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	621	-
(Increase) decrease in accrued interest receivable and other assets
93,856	4,842	15,988	35,202	28,109	13,089	13,668	1,051	6,806	4,394	18,859	-1,824	10,827	-27,134	7,068	10,085	21,519	2,164	11,018	-4,417	3,259	6,336	3,810	6,616	-1,552	11,203	396	3,316	176	8,506	1,552	-645	174	-24,716	22,403	-489	545	-
Increase (decrease) in accrued interest payable and other liabilities
39,004	-300	-1,200	21,598	-5,096	-15,893	12,713	5,714	7,347	-2,581	15,251	-28,513	-844	-60,758	53,429	8,860	4,288	3,619	9,401	-7,888	3,574	4,056	-950	-8,358	14,858	-36,002	44,889	-2,691	778	6,536	995	-1,684	-1,501	87	-313	-890	-1,253	-
Net Cash Used In Operating Activities
-35,141	43,597	31,554	9,141	-6,012	-891	32,894	32,132	33,339	31,871	17,989	-7,254	19,587	620,088	-38,042	-313,339	-177,304	366,840	282,631	-258,490	-324,412	-94,385	-159,500	-365,408	79,305	134,025	551,334	-51,363	88,039	-247,988	-889,239	-108,930	4,096	54,695	-49,832	2,585	22,455	0
Cash Flows from Investing Activities
Proceeds from maturities, calls and principal repayments of investment securities
24,079	16,082	11,011	7,118	4,498	5,387	12,710	14,727	11,489	11,663	13,618	11,062	11,781	18,604	17,124	16,071	12,902	15,365	17,094	23,133	20,739	13,479	13,661	11,791	10,264	10,293	5,564	4,350	4,902	4,932	2,945	21,348	2,195	5,290	6,400	5,663	4,784	-
Purchases of investment securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	647	-12	78,047	318,800	-
Proceeds from sales of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	5	0	2,848	0	314	492	0	0	0	25,358	187,891	135,193	0	0	0	2,611	0	257,645	48,965	69,986	112,757	0	0	-
Purchases of investment securities available for sale
158,782	0	0	0	0	0	0	7,000	756,242	0	152,583	105,467	538,544	0	0	0	5,000	162,345	62,358	7,000	0	15,000	0	0	149,940	151,375	320,965	34,150	35,620	5,800	0	108,249	0	-	-	-	-	-
Origination of mortgage warehouse loans
9,791,820	9,615,025	9,921,046	7,206,674	5,039,797	5,469,586	7,479,123	7,456,444	6,804,177	7,345,872	8,044,545	8,299,160	6,394,678	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments of mortgage warehouse loans
9,520,758	9,851,861	9,424,982	6,659,040	4,965,022	5,580,493	7,893,534	7,400,559	6,722,732	7,513,712	8,184,937	7,881,748	6,827,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (increase) decrease in loans and leases, excluding mortgage warehouse loans
-174,971	-245,826	-15,857	24,597	-1,932	-80,010	1,796	-28,289	46,969	39,323	348,796	194,736	377,517	153,861	-26,491	218,518	449,066	734,965	260,538	197,076	148,554	189,293	727,096	289,256	608,672	369,418	261,391	235,636	141,965	241,073	-614,899	336,934	-24,310	360,713	160,741	36,094	23,791	-
Proceeds from maturities, calls and principal repayments on investment securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12,765	38,203	42,402	20,576	15,071	0	-
Proceeds from sale of loans
-	-	-	-	-	68,315	13,173	12,570	16,468	337,815	11,776	7,479	105,448	41,236	74,341	10,581	6,946	55,785	43,359	7,479	141,437	52,811	103,946	5,543	424	7,348	376	3,464	436	813	0	3,689	0	-	-	-	-	-
Purchase of loans
193,363	531,051	80,779	426,298	129,289	50,148	69,232	278,508	0	0	0	90,802	171,839	0	0	0	0	-	-	-	-	1,685	13,627	6,362	288,253	8,727	0	0	155,306	0	63,246	0	0	-	-	-	-	-
Proceeds from bank-owned life insurance
-	-	-	-	-	0	0	0	529	0	0	1,418	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of bank-owned life insurance
-	-	-	-	-	-	-	-	-	0	40,000	0	50,000	0	0	0	0	0	0	0	15,000	0	30,000	465	0	17,500	17,500	465	10,000	-	0	10,000	0	-	-	-	-	-
Net proceeds from (purchases of) FHLB, Federal Reserve Bank, and other restricted stock
2,926	-	-	-	9,269	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,707	0	1,465	-
Net purchases of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-81	507	-699	-
Net proceeds from FHLB, Federal Reserve Bank, and other restricted stock
-	-	-	-	-	-	-61,860	5,764	24,384	-	-31,078	44,471	16,810	-3,213	-39,797	19,149	1,428	27,327	-14,634	-3,650	-204	-2,640	10,174	24,038	8,006	23,311	-14,075	-893	3,918	-	-	-	-858	6,338	324	9,222	818	-
Purchases of bank premises and equipment
127	-3,692	5,052	204	141	433	736	340	268	410	-7	1,366	366	2,083	1,393	335	1,615	500	640	970	829	-51	677	437	207	1,154	1,396	1,054	290	370	785	1,152	406	996	1,181	-70	614	-
Proceeds from sales of other real estate owned
77	0	735	0	0	-	-	-	-	0	998	232	450	632	109	224	86	3,318	1,141	2,812	1,619	1,482	1,228	3,905	1,376	4,924	1,983	2,154	445	4,679	3,361	1,178	2,844	195	298	4,184	895	-
Payments to the FDIC on loss sharing agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	4,098	-1,381	-348	-320	-5,857	1,437	805	-302	-8,775	1,852	180	1,297	-592	-9,262	758	2,370	11,881	-3,866	-1,324	-118	14,096	-774	-3,800	-1,977	-
Purchases of leased assets under lessor operating leases
6,384	21,313	15,567	3,881	7,791	15,358	15,363	3,731	2,755	22,223	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used In Investing Activities
-433,517	221,099	-452,210	-1,017,027	-196,297	184,993	890,100	-295,614	-883,577	546,736	211,030	-718,081	-604,810	-454,125	138,712	-211,474	-434,647	-1,268,525	-245,557	-166,675	-686	-133,398	-660,887	-273,781	-853,826	-413,135	-576,248	-259,686	-338,946	-255,990	558,584	-157,551	117,087	-246,799	-34,433	-145,043	-334,203	0
Cash Flows from Financing Activities
Net (decrease) increase in deposits
-235,293	-276,749	739,908	760,459	283,082	-1,371,478	1,217,760	253,495	242,317	-796,934	121,714	139,882	31,705	-85,195	630,663	369,359	479,449	124,311	308,042	583,843	360,789	248,974	593,239	84,534	646,420	-283,377	467,621	239,904	95,031	92,660	418,351	125,709	221,071	1,226	53,606	17,013	143,650	-
Net increase (decrease) in short-term borrowed funds from the FRB
175,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowed funds from the FHLB
410,000	-	-	-	-222,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowed funds from the FHLB
-	-	-	-	-	413,070	-1,554,797	137,182	640,755	149,517	-537,257	793,050	337,750	-167,900	-870,200	223,200	-16,600	639,400	-402,100	-157,000	-98,000	23,500	228,000	196,500	185,500	547,500	-438,000	-2,000	101,000	391,000	-147,000	172,000	-325,000	215,000	-31,000	141,000	0	-
Net increase (decrease) in federal funds purchased
-167,000	-165,000	33,000	-18,000	-201,000	-187,000	105,000	90,000	-40,000	-8,000	3,000	65,000	-132,000	-31,000	9,000	19,000	-10,000	-20,000	-50,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term borrowed funds from the FHLB
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50,000	25,000	0	0	0	25,000	0	65,000	200,000	0	0	-15,000	0	50,000	49,000	0	0	0	-	-	-	-	-
Net proceeds from issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-78	82,279	55,593	24,108	0	0	55,569	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends paid
3,615	3,615	3,615	3,614	3,615	3,615	3,615	3,614	3,615	3,615	3,615	3,614	3,615	3,601	2,340	1,896	1,214	1,006	1,308	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise and redemption of warrants
-	-	-	-	-	0	0	0	112	502	137	0	420	411	50	953	118	98	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
0	0	0	0	571	12,976	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of employee taxes withheld from share-based awards
932	366	156	316	894	169	11	113	587	9,838	962	1,789	2,172	5,195	0	0	702	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
225	614	242	222	1,072	167	227	2,847	344	604	212	184	1,716	63,716	5,716	244	1,309	76	102	519	109	77	0	0	0	-	-	-	-	-	-	-	-	0	12,999	-7	15,534	-
Net Increase in Cash and Cash Equivalents of Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153,640	-90,483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations:
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,650	-1,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,114	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96,717	89,669	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used in Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-133,481	88,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided By Financing Activities
512,385	-234,409	507,079	986,019	257,836	-788,001	-508,686	299,797	919,326	-651,764	-422,781	961,287	497,804	-166,842	-162,832	678,453	521,468	782,879	-45,264	482,931	287,898	270,557	886,159	614,256	831,920	256,525	74,882	335,594	246,031	532,484	366,113	297,709	-103,929	212,844	35,387	158,006	159,184	0
Net Increase (Decrease) in Cash and Cash Equivalents
43,727	30,287	86,423	-21,867	55,527	-603,899	414,308	36,315	69,088	-73,157	-193,762	235,952	-87,419	-879	-17,209	20,159	-1,955	-118,806	-8,190	57,766	-37,200	39,717	65,772	-24,933	57,399	-22,585	49,968	24,545	-4,876	28,506	35,458	31,228	17,254	20,740	-48,878	15,548	-152,564	0
Supplementary Cash Flow Information
Interest paid
42,167	48,362	48,674	46,644	38,916	45,411	41,811	43,416	29,746	30,869	25,723	27,968	17,015	20,806	17,273	20,119	13,018	15,185	10,826	14,752	10,550	13,740	8,756	8,067	7,017	6,889	6,313	5,572	5,383	5,452	5,341	5,649	5,267	39,854	-5,868	-5,901	-5,443	-
Income taxes paid
661	4,363	42	1,801	1,204	638	-18	0	4,174	8,737	9,830	19,367	2,348	16,285	17,427	7,750	15,789	8,575	12,772	14,625	2,762	11,468	7,337	8,956	2,082	2,072	2,169	5,237	337	6,741	7,770	2,266	2,589	5,632	0	0	-2,816	-
Non-cash Operating and Investing Activities:
Transfer of loans to other real estate owned
31	0	0	131	160	1,405	177	0	57	667	83	0	0	98	13	272	320	269	793	2,246	159	674	6,470	1,943	4,955	4,744	4,835	3,489	1,935	2,164	3,352	2,559	2,382	16,423	-3,845	-2,515	-1,433	-
Unsettled sales of investment securities
104,469	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsettled purchases of investment securities
97,247	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans held for sale to held for investment
-	-	-	-	-	0	0	0	129,691	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
University relationship intangible purchased not settled
-	-	-	-	-	-	-	0	1,502	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock under share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	252	-	-	-	-	-	-	-	-	-
Securities purchased not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,421	-	-	-	0	-	-	-	-	-
Investment securities purchased but not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-78,048	-