First Business Financial Services, Inc. FBIZ Cash Flow

First business financial services, inc. (FBIZ)

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
Operating activities
Net Income (Loss) Attributable to Parent
3,278	5,768	5,084	6,573	5,899	4,064	5,301	3,289	3,649	4,038	2,584	1,886	3,397	3,968	2,665	3,723	4,553	4,083	4,381	3,858	4,192	3,744	3,553	3,505	3,337	3,760	3,609	3,133	3,244	2,529	2,622	1,565	2,210	2,385	2,178	2,513	1,349
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes, net
-26	-2,401	1,350	-95	-1,150	-814	161	4,124	-3,903	3,350	-1,454	-74	-75	-1,099	250	-161	-98	839	-171	-158	648	1,106	-160	514	-71	1,876	-257	919	-110	-1,649	-894	682	-45	831	73	1,096	-45
Impairment of Tax Credit Investments
113	-	-	-	2,014	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Tax Credit Impairment Cost
-	-	-	-	-	-	112	329	113	2,446	113	112	113	171	3,314	94	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan and lease losses
3,182	1,472	1,349	-785	49	984	-546	2,578	2,476	473	1,471	3,656	572	994	3,537	2,762	525	1,895	287	520	684	1,236	-89	-91	180	-1,202	109	54	80	844	850	2,045	504	937	435	1,474	1,404
SBA Recourse Provision
25	-	-	-	481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, amortization and accretion, net
806	797	815	786	651	378	372	365	362	414	417	347	384	412	453	407	243	289	225	56	-660	546	454	437	433	464	535	632	691	739	764	770	781	766	621	554	463
Share-based compensation
417	448	390	410	318	254	244	220	286	267	267	268	276	136	293	269	296	346	268	215	234	269	229	196	193	196	173	146	145	145	135	134	134	140	132	152	155
Net loss on sale of securities
-4	-41	-4	-1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Owned Life Insurance Income
295	304	305	297	292	301	301	297	292	310	313	316	311	244	244	243	243	245	243	238	234	232	214	210	206	211	215	212	207	179	178	176	170	174	169	168	167
Origination of loans held for sale
15,709	-	-	-	9,277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of loans for sale
-	-	-	-	-	-	24,727	19,484	24,035	45,360	10,453	-2,970	17,123	17,171	2,067	38,741	13,986	17,959	19,822	16,974	15,499	9,392	0	0	0	-	-	-	-	0	968	178	402	1	295	177	811
Sale of loans originated for sale
14,848	19,880	12,853	20,798	9,358	22,568	25,632	18,211	23,069	43,256	14,550	-1,987	14,681	19,283	-2,557	39,532	22,288	23,721	19,356	19,160	15,096	6,651	0	0	0	-	-	-	-	-	-	-	-	2	295	179	814
Gain on sale of loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	1	0	2	3
Gain on sale of SBA loans originated for sale
265	466	454	297	242	267	641	274	269	90	606	550	371	596	546	2,327	1,521	1,841	1,170	1,064	653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains (Losses) on Sales of Other Real Estate
-102	17	-262	21	0	-	-	-	-	-	-	-	-	-	-	-	-	-7	163	-1	16	5	9	-4	0	118	48	-79	30	-357	14	-67	-175	-262	-28	-79	-51
Excess tax expense (benefit) from share-based compensation
-18	28	63	6	5	3	33	5	5	7	52	0	7	4	125	7	6	-253	173	6	74	-226	188	26	12	242	86	33	4	59	46	1	1	9	2	0	0
Payments on operating leases
387	384	384	380	379	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Lease Payments
28	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts Receivable and Other Operating Assets
40,050	-	-	-	6,144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities
35,138	-	-	-	9,382	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Returns on investments in limited partnerships
-	-	-	-	-	-	-	-	-	367	0	0	92	0	0	250	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in accrued interest receivable and other assets
-	-	-	-	-	3,186	538	3,226	-2,522	1,098	745	855	159	1,048	1,700	456	657	504	721	-586	394	5,052	172	-38	262	-248	-901	-591	-973	147	-249	656	-1,200	510	-1,047	1,233	-1,492
Net increase in accrued interest payable and other liabilities
-	-	-	-	-	932	3,650	-3,402	4,579	-4,832	4,565	795	1,379	4,156	-1,934	830	-1,685	-340	-172	2,076	-562	1,930	1,204	-692	-636	-192	737	-1,465	-2,761	1,035	389	310	-1,022	133	1,680	-1,407	-969
Net cash provided by operating activities
1,227	8,229	9,459	634	10,663	5,398	8,903	2,428	8,552	2,964	10,344	6,252	2,848	8,977	1,339	6,025	9,821	10,544	1,882	8,032	2,762	635	4,608	3,675	2,956	4,579	5,458	3,844	2,021	3,615	3,877	5,142	3,364	4,761	6,023	3,060	3,733
Investing activities
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities
9,458	8,860	8,745	6,827	5,653	6,506	11,981	7,559	7,179	8,439	10,261	10,107	9,434	11,190	12,136	11,293	9,126	9,969	11,153	10,932	10,845	9,963	9,147	11,738	13,300	10,254	14,690	21,857	15,719	15,495	13,926	13,577	13,994	12,851	10,727	9,658	10,914
Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities
1,910	687	1,106	1,381	1,795	2,205	983	917	755	1,085	909	1,084	730	976	1,063	1,041	802	1,096	1,078	1,191	984	980	941	290	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of available-for-sale securities
839	7,203	13,223	2,026	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale securities
8,286	29,132	23,674	9,122	22,812	14,277	12,217	15,685	10,584	33,274	11,195	5,028	10,902	8,127	28,432	10,995	8,802	8,107	8,425	15,553	8,636	12,637	8,662	12,942	18,706	5,092	7,339	17,788	17,829	14,665	21,085	39,911	14,746	15,289	11,530	16,938	18,243
Purchases of held-to-maturity securities
-	-	-	-	-	0	0	-8	4,875	0	1,989	412	615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of foreclosed properties
1,148	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	385	0	143	23	232	0	0	1,166	503	371	699	469	171	658	657	447	439	1,020	307
Net increase in loans and leases
28,719	-3,785	2,067	63,269	38,893	21,829	3,565	31,728	64,892	36,503	11,727	-19,218	30,021	-7,577	-79	6,720	23,321	58,306	27,791	54,694	14,413	238,259	34,076	22,412	4,348	25,474	9,041	31,728	4,669	34,033	16,764	32,933	-18,102	-8,138	3,452	-4,701	-7,492
Investments in limited partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	750	0	0	500	0	0	0	0	0	0	0	210
Returns of investments in limited partnerships
0	689	1,219	-1	281	0	413	316	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in historic development entities
259	3,629	2,368	0	2,137	0	0	216	689	4,895	417	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution from historic development entities
30	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from limited partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	332	-	473	203	0	0	8	0	664	336	387	170	0	-	-	-	-
Investment in Federal Home Loan Bank stock
2,040	1,243	2,680	760	1,260	900	730	2,590	4,798	4,052	4,769	3,959	3,495	920	1	380	7	3	421	470	458	992	0	343	124	0	0	1,185	0	-	-	-	-	-	-	-	-
Proceeds from the sale of Federal Home Loan Bank stock
260	1,605	1,085	675	1,865	550	3,135	1,945	1,818	3,465	2,501	5,926	844	954	0	950	116	3	469	377	0	0	0	249	124	0	574	500	0	-	-	-	-	-	-	-	-
Proceeds from sale of FHLB Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-619	0	0	0	0
Purchases of leasehold improvements and equipment, net
88	117	97	11	0	249	109	314	297	300	307	272	363	65	119	287	113	291	78	301	119	2,905	126	46	113	81	44	170	236	120	146	67	228	137	32	176	66
Purchases of bank-owned life insurance policies
8,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	0	0	8
Net cash used in investing activities
-33,747	-6,977	-5,508	-63,504	-55,508	-21,573	-109	-39,788	-76,383	-33,098	-10,094	31,227	-34,388	-1,573	-17,352	-3,184	-22,199	-55,537	-24,208	-58,518	-11,322	-267,048	-32,571	-23,263	-9,867	-19,972	-649	-28,143	-6,152	-36,642	-23,288	-58,277	18,398	6,113	-3,848	-1,735	186
Financing activities
Net (decrease) increase in deposits
-30,253	21,563	-20,829	27,939	46,407	46,396	71,178	-33,433	-23,173	-29,379	-50,866	-18,108	-46,133	-27,332	-41,723	26,387	4,412	37,940	68,423	-14,598	47,704	169,068	102,503	29,997	6,845	1,524	-14,648	71,193	-20,468	30,996	32,028	-4,559	-17,523	38,184	35,640	-18,592	7,782
Repayment of Federal Home Loan Bank advances
166,500	135,500	135,000	101,000	165,000	105,500	208,100	253,500	237,000	186,500	209,500	145,000	115,916	-58,600	60,600	1,000	1,500	1,000	0	0	0	-	-	-	-	0	0	0	469	3	3	4	3	3	3	3	2,003
Proceeds from Federal Home Loan Bank advances
260,000	122,000	170,000	129,000	136,000	123,000	124,100	339,000	309,000	226,501	271,000	130,999	178,416	-29,600	59,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in short-term borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Proceeds from issuance of subordinated notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,215	0	0	0	0
Repayment of subordinated notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	0	0	0	0	27,074	0	0	6,215	0	0	0	0
Net increase in Federal Home Loan Bank line of credit
-	-	-	-	-	-	-	-	29,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from (Repayments of) Short-term Debt
-	-	-	-	-	-	-	-	-	1,904	4	-2,598	-310	-	-	-	-	-1,000	2,000	0	500	1,000	0	0	0	-	-	-	15,000	0	-2,911	902	1,209	-	-	-	-
Net increase in long-term borrowed funds
14	-12	-71	18	17	18	17	8	17	-	-	-	-	2,238	-2,613	-427	1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	173	6	74	358	188	26	12	242	86	33	4	59	46	1	1	9	2	0	0
Cash dividends paid
1,410	1,291	1,297	1,316	1,312	1,231	1,232	1,227	1,226	1,139	1,132	1,134	1,133	1,044	1,046	1,044	1,042	957	951	954	954	911	828	829	828	1,104	548	549	274	186	184	184	184	184	181	182	182
Exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	300	888	0	48	0	337	0	0	1,137	22	0	0	0	-	-	-	-
Purchase of treasury stock
1,447	1,868	1,671	2,231	1,478	255	267	7	4	23	293	5	2	13	452	0	2	29	496	7	414	1,335	379	73	8	434	163	12	1,173	117	92	3	4	48	47	5	3
Net cash provided by financing activities
60,404	4,892	11,132	52,410	14,634	62,428	-14,304	21,841	76,614	9,477	9,201	-34,633	14,922	1,349	-46,834	23,916	3,668	35,886	56,149	-2,553	47,210	195,152	116,484	29,169	2,021	565	-15,273	55,665	-6,243	30,771	28,884	-3,847	-16,504	38,758	35,411	-18,782	5,594
Net increase (decrease) in cash and cash equivalents
27,884	-	-	-	-30,211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	46,253	-5,510	-15,519	8,783	-20,657	9,451	2,846	-16,618	8,753	-62,847	26,757	-8,710	-9,107	33,823	-53,039	38,650	-71,261	88,521	9,581	-4,890	-14,828	-10,464	31,366	-10,374	-2,256	9,473	-56,982	5,258	49,632	37,586	-17,457	9,513
Supplementary cash flow information
Cash paid during the period for:
Interest paid on deposits and borrowings
7,250	-	-	-	7,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on deposits and borrowings
-	-	-	-	-	-	-	5,053	4,159	4,368	3,145	3,973	3,386	3,732	3,434	3,991	3,633	3,822	3,243	3,457	3,117	3,473	2,415	3,058	2,102	3,511	2,541	3,318	2,995	4,651	3,861	4,760	4,528	5,637	4,934	5,843	5,360
Income Taxes Received
-8	-	-5	1,309	-1	-	236	627	19	-	151	653	-314	-	1,737	1,864	1,521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,875	2,324	944	525	2,093	2,261	2,239	628	314	2,364	1,437	1,974	1,842	2,056	1,218	600	193	199	1,861	890
Transfer of securities from available-for-sale to held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Right-of-use assets obtained
0	-	-	-	8,505	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans from held-to-maturity to held-for-sale
-	-	-	-	-	-	-	-	-	4,530	1,400	4,926	2,040	0	3,413	2,315	5,776	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to foreclosed properties
-	-	-	-	-	1,787	0	0	415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	139	72	1,186	-	-	-	-
Transfer from premises and equipment to foreclosed properties
-	-	-	-	-	-	-	-	-	0	0	1,113	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to foreclosed properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	935