Meridian bancorp, inc. (EBSB)
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:
Net income

64,902

66,996

62,286

59,954

58,848

55,771

52,434

48,410

45,695

42,945

45,233

41,397

35,957

34,190

29,756

26,001

25,679

24,607

23,769

24,042

23,961

22,327

20,305

19,611

17,132

15,429

0

0

0

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

-53

-66

-45

-24

-117

-67

-26

11

135

168

160

151

160

145

149

160

149

133

113

80

67

53

0

0

0

-

-

-

-

Amortization of core deposit intangible

512

530

547

563

579

590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESOP shares expense

2,179

2,151

2,030

2,031

2,105

2,251

2,377

2,353

2,286

2,232

2,149

2,083

1,999

1,842

1,755

1,687

1,639

1,595

1,611

1,586

1,452

1,335

0

0

0

-

-

-

-

Accretion of acquisition fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

ESOP shares earned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Provision for loan losses

0

-

-

0

0

-

-

0

5,429

-

6,878

5,278

7,733

7,180

6,420

7,974

7,673

6,667

7,952

6,195

3,240

3,313

3,324

2,820

5,343

6,470

0

0

0

Accretion of net deferred loan origination fees

2,908

2,403

2,188

1,781

1,698

1,560

1,983

2,038

1,837

1,738

1,399

1,258

1,201

1,273

1,058

1,134

1,150

1,011

947

748

673

608

523

365

288

172

0

0

0

Net amortization of securities available for sale

0

-

-

-

-

-51

-53

-43

-22

-8

7

25

31

47

54

58

58

64

69

64

56

34

29

19

1

15

0

0

0

Capitalization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

224

205

172

99

0

0

0

Amortization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228

241

251

303

0

0

0

Depreciation and amortization expense

3,276

3,200

3,100

2,975

2,889

2,900

2,937

3,005

3,082

3,100

3,113

3,122

3,086

3,004

2,902

2,784

2,641

2,524

2,437

2,397

2,387

2,385

2,379

2,364

2,331

2,291

0

0

0

Gain on sales of securities available for sale, net

-

-

-

-

-

-

-

-

-

9,305

5,874

5,275

4,535

3,020

336

115

1,471

2,432

4,336

5,637

5,718

6,258

6,651

8,300

8,923

9,636

0

0

0

Loss (gain) on marketable equity securities, net

-3,654

2,016

-1,612

-368

-203

-2,066

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss and provision for foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-345

0

0

0

Deferred income tax benefit

1,337

1,371

-2,437

-2,376

-2,352

-2,623

6,870

6,685

6,632

6,823

-2,687

-2,616

-2,786

-2,816

-2,942

-2,804

-2,560

-2,361

-1,220

-1,219

-1,179

-1,256

-3,300

-3,303

-3,275

-3,224

0

0

0

Income from bank-owned life insurance

1,143

1,127

1,127

1,121

1,118

1,109

1,112

1,127

1,142

1,158

1,168

1,170

1,174

1,188

1,189

1,233

1,231

1,225

1,227

1,181

1,180

1,165

1,177

1,182

1,185

1,195

0

0

0

Share-based compensation expense

4,503

4,571

4,497

4,499

4,502

4,545

4,595

4,497

4,171

3,804

3,464

3,226

3,272

3,335

3,044

2,450

1,810

1,088

615

646

673

792

835

972

1,095

1,170

0

0

0

Excess tax benefits in connection with share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

504

445

456

267

0

0

0

-

-

-

-

Net changes in:
Loans held for sale

2,414

2,046

985

1,053

-147

-3,363

-4,980

-3,321

-2,002

-2,288

853

-140

-172

-725

552

-2,757

-4,620

3,698

306

-746

4,606

-1,392

-4,298

-4,288

-8,405

-12,139

0

0

0

Accrued interest receivable

-1,111

214

896

2,737

2,698

1,365

1,553

1,355

1,935

2,245

2,371

1,822

1,239

1,807

970

1,192

1,286

826

1,236

936

537

621

118

279

201

382

0

0

0

Other assets

20,318

10,229

1,064

1,576

2,036

1,987

2,401

3,295

-2,366

-471

1,902

-3,673

-62

-179

3,080

4,138

719

-3,172

-2,237

-2,424

-2,935

446

-541

-1,386

-141

-15

0

0

0

Accrued expenses and other liabilities

10,959

7,906

5,708

3,153

-2,935

353

4,011

4,261

1,417

198

1,965

2,376

6,736

4,458

3,777

1,092

336

80

-768

2,087

1,260

1,162

3,669

56

3,099

4,310

0

0

0

Net cash provided by operating activities

63,028

66,186

72,504

67,557

62,969

71,037

68,525

62,384

59,318

50,426

44,103

48,349

47,285

44,011

37,364

33,983

35,717

27,777

28,067

29,946

21,701

22,301

24,728

18,968

24,560

27,918

0

0

0

Purchases of certificates of deposit

-

-

-

-

-

5,000

0

0

0

-

-

-

-

80,423

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of certificates of deposit

-

-

-

-

-

69,079

0

0

0

-

-

-

-

99,162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

3,497

2,536

2,427

2,395

2,773

2,950

2,690

7,400

12,207

16,759

49,471

54,552

53,206

56,353

34,879

39,112

43,300

44,470

41,928

37,169

40,818

45,874

42,143

43,026

36,038

36,877

0

0

0

Redemption (purchase) of mutual funds, net

-

-

-

-

-

-

-

-

-

-

-

-186

-1,195

-1,191

29,913

-10,906

-19,831

-19,867

76

10,083

19,394

18,995

-991

-2,876

-8,146

-11,768

0

0

0

Proceeds from sales

0

-

-

-

-

3,900

27,546

32,277

35,517

40,900

38,133

44,990

42,908

38,429

24,203

13,048

26,372

27,120

29,458

37,616

30,346

33,335

39,265

47,819

48,677

60,780

0

0

0

Purchases

0

-

-

-

-

1,595

3,629

3,884

5,868

8,395

7,917

12,127

13,713

12,035

17,278

20,146

28,294

35,507

62,341

61,146

57,694

60,264

39,257

43,559

43,394

39,714

0

0

0

Loan principal payments (originations), net

-73,659

99,258

471,122

653,526

812,622

977,019

652,119

790,942

811,245

655,291

847,544

753,380

819,658

860,088

775,901

799,291

563,796

401,953

417,233

350,657

336,797

387,952

373,525

816,248

603,431

485,842

0

0

0

Proceeds from bank-owned life insurance distribution

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

4,806

6,174

8,078

8,849

8,791

6,976

3,881

2,541

1,971

1,213

2,360

2,839

3,369

4,100

4,027

4,822

4,586

4,177

3,291

2,047

1,848

1,388

1,530

1,560

1,482

2,915

0

0

0

Purchase of Federal Home Loan Bank stock

0

-

-

-

-

4,240

7,401

6,244

8,220

6,049

5,158

4,761

5,608

7,244

0

0

0

-

-

-

-

818

818

774

82

-157

0

0

0

Redemption of Federal Home Loan Bank stock

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,758

1,312

836

1,044

1,222

0

0

0

Net cash provided (used) in investing activities

69,197

-97,068

-452,567

-638,147

-777,981

-918,113

-581,369

-698,113

-739,007

-597,944

-785,779

-722,984

-731,879

-767,947

-707,363

-705,085

-514,033

-361,337

-505,395

-440,334

-426,447

-470,810

-328,779

-319,652

-425,714

-417,667

0

0

0

Cash flows from financing activities:
Net change in deposits

-201,042

37,368

544,468

628,752

833,597

776,284

371,900

635,770

438,915

538,198

715,919

661,899

745,233

732,838

598,907

446,890

317,154

239,102

227,282

-13,123

276,826

255,357

198,338

502,263

359,998

383,196

0

0

0

Net change in borrowings with maturities less than three months

-

-50,000

0

0

0

-

-

-

-

-

-

-

-

-20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

-

325,000

385,000

420,000

380,000

320,625

270,625

215,625

190,625

220,000

0

0

0

-

-

-

-

57,131

57,131

55,000

62,500

47,500

0

0

0

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

75,112

60,635

134,157

131,572

261,561

301,549

253,475

270,533

140,459

137,886

119,376

102,234

67,224

44,714

48,203

48,193

40,684

42,673

32,664

72,654

70,144

47,135

72,126

32,117

46,877

46,528

0

0

0

Cash dividends paid on common stock

14,961

14,253

13,274

12,279

11,286

10,298

9,765

9,238

8,702

7,656

7,136

6,621

6,030

6,148

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-18

59

-960

-2,776

-2,788

-2,641

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised

-

-

-

-

-

-

-

-

-

-

-

0

334

-

275

261

182

232

174

143

77

69

58

50

79

35

0

0

0

Repurchase of common stock

23,303

7,270

21,604

20,056

20,046

20,395

0

0

0

-

-

-

-

18,799

0

0

0

-

-

-

-

-

-

-

-

1,698

0

0

0

Excess tax benefits in connection with share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

504

445

376

267

0

0

0

-

-

-

-

Net cash (used) provided by financing activities

-19,436

65,269

494,456

602,052

742,899

816,384

526,215

730,541

668,398

713,782

859,121

807,676

858,135

863,996

754,813

596,183

359,005

224,191

187,093

219,223

521,547

567,970

486,091

524,999

374,422

382,828

0

0

0

Net change in cash and cash equivalents

112,789

34,387

114,393

31,462

27,887

-30,692

13,371

94,812

-11,291

166,264

117,445

133,041

173,541

140,060

84,814

-74,919

-119,311

-109,369

-290,235

-191,165

116,801

119,461

182,040

224,315

-26,732

-6,921

0

0

0

Supplemental cash flow information:
Interest paid on deposits

76,450

77,026

75,427

69,698

61,887

53,510

47,005

41,081

36,918

33,665

30,532

28,242

25,811

23,762

21,653

20,194

18,887

18,477

18,387

18,282

18,304

17,974

17,836

17,736

17,482

17,008

0

0

0

Interest paid on borrowings

15,047

13,584

11,906

10,379

9,412

8,325

7,239

6,209

5,340

4,683

4,180

3,676

3,267

2,900

2,521

2,177

2,001

1,994

2,063

2,247

2,408

2,489

2,682

2,913

3,201

3,510

0

0

0

Income taxes paid, net of refunds

21,552

21,037

0

0

0

-

-

-

-

27,165

24,915

20,945

18,160

19,151

19,191

17,636

15,541

13,905

15,203

13,938

11,068

12,461

10,597

12,162

11,127

9,569

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

816

0

0

0

-

-

-

-

-

-

-

-

353

0

0

0

Net amounts due from broker on security transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-