Meridian bancorp, inc. (EBSB)
CashFlow / Quarterly
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:
Net income

12,977

17,068

19,689

15,168

15,071

12,358

17,357

14,062

11,994

9,021

13,333

11,347

9,244

11,309

9,497

5,907

7,477

6,875

5,742

5,585

6,405

6,037

6,015

5,504

4,771

4,015

5,321

3,025

3,068

Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of acquisition fair value adjustments

-16

-16

-16

-5

-29

5

5

-98

21

46

42

26

54

38

33

35

39

42

44

24

23

22

11

11

9

-

-

-

-

Amortization of core deposit intangible

118

131

131

132

136

148

147

148

147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESOP shares expense

507

598

554

520

479

477

555

594

625

603

531

527

571

520

465

443

414

433

397

395

370

449

372

261

253

-

-

-

-

Accretion of acquisition fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-87

-75

ESOP shares earned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-188

-185

Provision for loan losses

725

-

-

78

843

-

-

1,870

2,189

-

2,458

1,497

1,619

1,304

858

3,952

1,066

544

2,412

3,651

60

1,829

655

696

133

1,840

151

3,219

1,260

Accretion of net deferred loan origination fees

959

617

786

546

454

402

379

463

316

825

434

262

217

486

293

205

289

271

369

221

150

207

170

146

85

122

12

69

-31

Net amortization of securities available for sale

-13

-

-

-

-

-11

-16

-11

-13

-13

-6

10

1

2

12

16

17

9

16

16

23

14

11

8

1

9

1

-10

15

Capitalization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

10

10

196

-11

-23

-63

Amortization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

63

48

55

75

73

100

Depreciation and amortization expense

841

830

810

795

765

730

685

709

776

767

753

786

794

780

762

750

712

678

644

607

595

591

604

597

593

585

589

564

553

Gain on sales of securities available for sale, net

-

-

-

-

-

-

-

-

-

6,058

865

808

1,574

2,627

266

68

59

-57

45

1,424

1,020

1,847

1,346

1,505

1,560

2,240

2,995

2,128

2,273

Loss (gain) on marketable equity securities, net

-4,344

930

-463

223

1,326

-2,698

781

388

-537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss and provision for foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-303

46

-82

-6

Deferred income tax benefit

-120

1,722

-120

-145

-86

-2,086

-59

-121

-357

7,407

-244

-174

-166

-2,103

-173

-344

-196

-2,229

-35

-100

3

-1,088

-34

-60

-74

-3,132

-37

-32

-23

Income from bank-owned life insurance

297

281

285

280

281

281

279

277

272

284

294

292

288

294

296

296

302

295

340

294

296

297

294

293

281

309

299

296

291

Share-based compensation expense

1,020

1,274

1,109

1,100

1,088

1,200

1,111

1,103

1,131

1,250

1,013

777

764

910

775

823

827

619

181

183

105

146

212

210

224

189

349

333

299

Excess tax benefits in connection with share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

68

106

149

181

9

117

-40

-

-

-

-

Net changes in:
Loans held for sale

948

627

-277

1,116

580

-434

-209

-84

-2,636

-2,051

1,450

1,235

-2,922

1,090

457

1,203

-3,475

2,367

-2,852

-660

4,843

-1,025

-3,904

4,692

-1,155

-3,931

-3,894

575

-4,889

Accrued interest receivable

-613

176

-1,131

457

712

858

710

418

-621

1,046

512

998

-311

1,172

-37

415

257

335

185

509

-203

745

-115

110

-119

242

46

32

62

Other assets

9,052

2,561

2,168

6,537

-1,037

-6,604

2,680

6,997

-1,086

-6,190

3,574

1,336

809

-3,817

-2,001

4,947

692

-558

-943

1,528

-3,199

377

-1,130

1,017

182

-610

-1,975

2,262

308

Accrued expenses and other liabilities

1,168

148

5,011

4,632

-1,885

-2,050

2,456

-1,456

1,403

1,608

2,706

-4,300

184

3,375

3,117

60

-2,094

2,694

432

-696

-2,350

1,846

3,287

-1,523

-2,448

4,353

-326

1,520

-1,237

Net cash provided by operating activities

10,966

16,099

22,816

13,147

14,124

22,417

17,869

8,559

22,192

19,905

11,728

5,493

13,300

13,582

15,974

4,429

10,026

6,935

12,593

6,163

2,086

7,225

14,472

-2,082

2,686

9,652

8,712

3,510

6,044

Purchases of certificates of deposit

-

-

-

-

-

0

0

0

5,000

-

-

-

-

60,131

0

10,175

10,117

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of certificates of deposit

-

-

-

-

-

15,644

2,994

20,248

30,193

-

-

-

-

10,150

5,000

67,508

16,504

-

-

-

-

-

-

-

-

-

-

-

-

Activity in securities, at fair value:
Proceeds from maturities, calls and principal payments

1,473

674

787

563

512

565

755

941

689

305

5,465

5,748

5,241

33,017

10,546

4,402

8,388

11,543

14,779

8,590

9,558

9,001

10,020

12,239

14,614

5,270

10,903

5,251

15,453

Redemption (purchase) of mutual funds, net

-

-

-

-

-

-

-

-

-

-

-

0

35

-31,037

30,816

-1,009

39

67

-10,003

-9,934

3

20,010

4

-623

-396

24

-1,881

-5,893

-4,018

Proceeds from sales

541

-

-

-

-

33

906

-49

3,010

23,679

5,637

3,191

8,393

20,912

12,494

1,109

3,914

6,686

1,339

14,433

4,662

9,024

9,497

7,163

7,651

14,954

18,051

8,021

19,754

Purchases

2,772

-

-

-

-

0

832

268

495

2,034

1,087

2,252

3,022

1,556

5,297

3,838

1,344

6,799

8,165

11,986

8,557

33,633

6,970

8,534

11,127

12,626

11,272

8,369

7,447

Loan principal payments (originations), net

-57,898

-1,180

-71,495

56,914

115,019

370,684

110,909

216,010

279,416

45,784

249,732

236,313

123,462

238,037

155,568

302,591

163,892

153,850

178,958

67,096

2,049

169,130

112,382

53,236

53,204

154,703

555,105

-159,581

-64,385

Proceeds from bank-owned life insurance distribution

391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

1,650

1,483

757

916

3,018

3,387

1,528

858

1,203

292

188

288

445

1,439

667

818

1,176

1,366

1,462

582

767

480

218

383

307

622

248

305

1,740

Purchase of Federal Home Loan Bank stock

4,331

-

-

-

-

-1,913

1,554

1,974

2,625

1,248

397

3,950

454

357

0

4,797

2,090

-

-

-

-

0

44

692

82

0

0

0

-157

Redemption of Federal Home Loan Bank stock

-

-

0

0

2,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

535

683

0

540

89

207

208

718

Net cash provided (used) in investing activities

51,550

371

75,412

-58,136

-114,715

-355,128

-110,168

-197,970

-254,847

-18,384

-226,912

-238,864

-113,784

-206,219

-164,117

-247,759

-149,852

-145,635

-161,839

-56,707

2,844

-289,693

-96,778

-42,820

-41,519

-147,662

-87,651

-148,882

-33,472

Cash flows from financing activities:
Net change in deposits

-99,579

-34,164

-62,597

-4,702

138,831

472,936

21,687

200,143

81,518

68,552

285,557

3,288

180,801

246,273

231,537

86,622

168,406

112,342

79,520

-43,114

90,354

100,522

-160,885

246,835

68,885

43,503

143,040

104,570

92,083

Net change in borrowings with maturities less than three months

-

0

0

0

-50,000

-

-

-

-

-

-

-

-

0

0

0

-20,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank advances with maturities of three months or more

135,000

-

-

-

-

0

20,000

185,000

120,000

60,000

55,000

145,000

60,625

10,000

0

120,000

90,000

-

-

-

-

0

2,131

10,000

45,000

0

0

17,500

30,000

Repayment of Federal Home Loan Bank advances with maturities of three months or more

25,372

370

3,473

45,897

10,895

73,892

888

175,886

50,883

25,818

17,946

45,812

48,310

7,308

804

10,802

25,800

10,797

794

3,293

27,789

788

40,784

783

4,780

25,779

775

15,543

4,431

Cash dividends paid on common stock

4,270

3,559

3,563

3,569

3,562

2,580

2,568

2,576

2,574

2,047

2,041

2,040

1,528

1,527

1,526

1,449

1,646

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised, net of cash paid in connection with income taxes

51

-56

-36

23

128

-1,075

-1,852

11

275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised

-

-

-

-

-

-

-

-

-

-

-

48

136

-

53

145

7

70

39

66

57

12

8

0

49

1

0

29

5

Repurchase of common stock

17,680

0

1,548

4,075

1,647

14,334

0

4,065

1,996

-

-

-

-

1,844

0

3,573

13,382

-

-

-

-

-

-

-

-

0

597

1,044

57

Excess tax benefits in connection with share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

68

106

149

181

9

37

40

-

-

-

-

Net cash (used) provided by financing activities

-11,850

-38,149

-31,217

61,780

72,855

391,038

76,379

202,627

146,340

100,869

280,705

140,484

191,724

246,208

229,260

190,943

197,585

137,025

70,630

-46,235

62,771

99,927

102,760

256,089

109,194

18,048

141,668

105,512

117,600

Net change in cash and cash equivalents

50,666

-21,679

67,011

16,791

-27,736

58,327

-15,920

13,216

-86,315

102,390

65,521

-92,887

91,240

53,571

81,117

-52,387

57,759

-1,675

-78,616

-96,779

67,701

-182,541

20,454

211,187

70,361

-119,962

62,729

-39,860

90,172

Supplemental cash flow information:
Interest paid on deposits

18,246

18,079

20,013

20,112

18,822

16,480

14,284

12,301

10,445

9,975

8,360

8,138

7,192

6,842

6,070

5,707

5,143

4,733

4,611

4,400

4,733

4,643

4,506

4,422

4,403

4,505

4,406

4,168

3,929

Interest paid on borrowings

4,115

4,135

3,887

2,910

2,652

2,457

2,360

1,943

1,565

1,371

1,330

1,074

908

868

826

665

541

489

482

489

534

558

666

650

615

751

897

938

924

Income taxes paid, net of refunds

3,075

3,412

6,140

8,925

2,560

-

-

-

-

5,880

7,250

12,000

2,035

3,630

3,280

9,215

3,026

3,670

1,725

7,120

1,390

4,968

460

4,250

2,783

3,104

2,025

3,215

1,225

Non-cash investing and financing activities:
Transfers from loans to foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

178

0

0

638

-

-

-

-

-

-

-

-

0

153

0

200

Net amounts due from broker on security transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,806

-

-

435

201

-

-

-

-