First business financial services, inc. (FBIZ)
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'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net Income (Loss) Attributable to Parent

20,703

23,324

21,620

21,837

18,553

16,303

16,277

13,560

12,157

11,905

11,835

11,916

13,753

14,909

15,024

16,740

16,875

16,514

16,175

15,347

14,994

14,139

14,155

14,211

13,839

13,746

12,515

11,528

9,960

8,926

8,782

8,338

9,286

8,425

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes, net

-1,172

-2,296

-709

-1,898

2,321

-432

3,732

2,117

-2,081

1,747

-2,702

-998

-1,085

-1,108

830

409

412

1,158

1,425

1,436

2,108

1,389

2,159

2,062

2,467

2,428

-1,097

-1,734

-1,971

-1,906

574

1,541

1,955

1,955

0

0

0

Impairment of Tax Credit Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment Tax Credit Impairment Cost

-

-

-

-

-

-

3,000

3,001

2,784

2,784

509

3,710

3,692

3,691

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

5,218

2,085

1,597

-298

3,065

5,492

4,981

6,998

8,076

6,172

6,693

8,759

7,865

7,818

8,719

5,469

3,227

3,386

2,727

2,351

1,740

1,236

-1,202

-1,004

-859

-959

1,087

1,828

3,819

4,243

4,336

3,921

3,350

4,250

0

0

0

SBA Recourse Provision

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, amortization and accretion, net

3,204

3,049

2,630

2,187

1,766

1,477

1,513

1,558

1,540

1,562

1,560

1,596

1,656

1,515

1,392

1,164

813

-90

167

396

777

1,870

1,788

1,869

2,064

2,322

2,597

2,826

2,964

3,054

3,081

2,938

2,722

2,404

0

0

0

Share-based compensation

1,665

1,566

1,372

1,226

1,036

1,004

1,017

1,040

1,088

1,078

947

973

974

994

1,204

1,179

1,125

1,063

986

947

928

887

814

758

708

660

609

571

559

548

543

540

558

579

0

0

0

Net loss on sale of securities

-50

-46

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank Owned Life Insurance Income

1,201

1,198

1,195

1,191

1,191

1,191

1,200

1,212

1,231

1,250

1,184

1,115

1,042

974

975

974

969

960

947

918

890

862

841

842

844

845

813

776

740

703

698

689

681

678

0

0

0

Origination of loans held for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of loans for sale

-

-

-

-

-

-

113,606

99,332

76,878

69,966

41,777

33,391

75,102

71,965

72,753

90,508

68,741

70,254

61,687

41,865

24,891

9,392

0

0

0

-

-

-

-

1,548

1,549

876

875

1,284

0

0

0

Sale of loans originated for sale

68,379

62,889

65,577

78,356

75,769

89,480

110,168

99,086

78,888

70,500

46,527

29,420

70,939

78,546

82,984

104,897

84,525

77,333

60,263

40,907

21,747

6,651

0

0

0

-

-

-

-

-

-

-

-

1,290

0

0

0

Gain on sale of loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

6

0

0

0

Gain on sale of SBA loans originated for sale

1,482

1,459

1,260

1,447

1,424

1,451

1,274

1,239

1,515

1,617

2,123

2,063

3,840

4,990

6,235

6,859

5,596

4,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

-326

-224

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

171

183

29

26

10

123

162

87

117

-358

-392

-380

-585

-490

-532

-544

-420

0

0

0

Excess tax expense (benefit) from share-based compensation

79

102

77

47

46

46

50

69

64

66

63

136

143

142

-115

-67

-68

0

27

42

62

0

468

366

373

365

182

142

110

107

57

13

12

11

0

0

0

Payments on operating leases

1,535

1,527

1,143

759

379

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Lease Payments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Receivable and Other Operating Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Returns on investments in limited partnerships

-

-

-

-

-

-

-

-

-

459

92

92

342

250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in accrued interest receivable and other assets

-

-

-

-

-

4,428

2,340

2,547

176

2,857

2,807

3,762

3,363

3,861

3,317

2,338

1,296

1,033

5,581

5,032

5,580

5,448

148

-925

-1,478

-2,713

-2,318

-1,666

-419

-646

-283

-1,081

-504

-796

0

0

0

Net increase in accrued interest payable and other liabilities

-

-

-

-

-

5,759

-5

910

5,107

1,907

10,895

4,396

4,431

1,367

-3,129

-1,367

-121

1,002

3,272

4,648

1,880

1,806

-316

-783

-1,556

-3,681

-2,454

-2,802

-1,027

712

-190

1,101

-616

-563

0

0

0

Net cash provided by operating activities

19,549

28,985

26,154

25,598

27,392

25,281

22,847

24,288

28,112

22,408

28,421

19,416

19,189

26,162

27,729

28,272

30,279

23,220

13,311

16,037

11,680

11,874

15,818

16,668

16,837

15,902

14,938

13,357

14,655

15,998

17,144

19,290

17,208

17,577

0

0

0

Investing activities
Proceeds from maturities, redemptions, and paydowns of available-for-sale securities

33,890

30,085

27,731

30,967

31,699

33,225

35,158

33,438

35,986

38,241

40,992

42,867

44,053

43,745

42,524

41,541

41,180

42,899

42,893

40,887

41,693

44,148

44,439

49,982

60,101

62,520

67,761

66,997

58,717

56,992

54,348

51,149

47,230

44,150

0

0

0

Proceeds from maturities, redemptions, and paydowns of held-to-maturity securities

5,084

4,969

6,487

6,364

5,900

4,860

3,740

3,666

3,833

3,808

3,699

3,853

3,810

3,882

4,002

4,017

4,167

4,349

4,233

4,096

3,195

2,211

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of available-for-sale securities

23,291

22,452

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

70,214

84,740

69,885

58,428

64,991

52,763

71,760

70,738

60,081

60,399

35,252

52,489

58,456

56,356

56,336

36,329

40,887

40,721

45,251

45,488

42,877

52,947

45,402

44,079

48,925

48,048

57,621

71,367

93,490

90,407

91,031

81,476

58,503

62,000

0

0

0

Purchases of held-to-maturity securities

-

-

-

-

-

4,867

4,867

6,856

7,276

3,016

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of foreclosed properties

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

528

551

398

398

255

1,398

1,669

2,040

2,739

2,042

1,710

1,997

1,955

1,933

2,201

2,563

2,213

0

0

0

Net increase in loans and leases

90,270

100,444

126,058

127,556

96,015

122,014

136,688

144,850

93,904

59,033

14,953

3,147

29,085

22,385

88,268

116,138

164,112

155,204

335,157

341,442

309,160

299,095

86,310

61,275

70,591

70,912

79,471

87,194

88,399

65,628

23,457

10,145

-27,489

-16,879

0

0

0

Investments in limited partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

500

500

500

0

0

0

0

210

0

0

0

Returns of investments in limited partnerships

1,907

2,188

1,499

693

1,010

729

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in historic development entities

6,256

8,134

4,505

2,137

2,353

905

5,800

6,217

6,001

5,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from historic development entities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from limited partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

676

211

8

672

1,008

1,387

1,557

893

0

0

0

-

-

-

-

Investment in Federal Home Loan Bank stock

6,723

5,943

5,600

3,650

5,480

9,018

12,170

16,209

17,578

16,275

13,143

8,375

4,796

1,308

391

811

901

1,352

2,341

1,920

1,793

1,459

467

467

1,309

1,185

0

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of Federal Home Loan Bank stock

3,625

5,230

4,175

6,225

7,495

7,448

10,363

9,729

13,710

12,736

10,225

7,724

2,748

2,020

1,069

1,538

965

849

846

377

249

373

373

947

1,198

1,074

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of FHLB Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-619

0

0

0

0

Purchases of leasehold improvements and equipment, net

313

225

357

369

672

969

1,020

1,218

1,176

1,242

1,007

819

834

584

810

769

783

789

3,403

3,451

3,196

3,190

366

284

408

531

570

672

569

561

578

464

573

411

0

0

0

Purchases of bank-owned life insurance policies

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

0

0

0

Net cash used in investing activities

-109,736

-131,497

-146,093

-140,694

-116,978

-137,853

-149,378

-159,363

-88,348

-46,353

-14,828

-22,086

-56,497

-44,308

-98,272

-105,128

-160,462

-149,585

-361,096

-369,459

-334,204

-332,749

-85,673

-53,751

-58,631

-54,916

-71,586

-94,225

-124,359

-99,809

-57,054

-37,614

18,928

716

0

0

0

Financing activities
Net (decrease) increase in deposits

-1,580

75,080

99,913

191,920

130,548

60,968

-14,807

-136,851

-121,526

-144,486

-142,439

-133,296

-88,801

-38,256

27,016

137,162

96,177

139,469

270,597

304,677

349,272

308,413

140,869

23,718

64,914

37,601

67,073

113,749

37,997

40,942

48,130

51,742

37,709

63,014

0

0

0

Repayment of Federal Home Loan Bank advances

538,000

536,500

506,500

579,600

732,100

804,100

885,100

886,500

778,000

656,916

411,816

262,916

118,916

4,500

64,100

3,500

2,500

1,000

0

0

0

-

-

-

-

469

472

475

479

13

13

13

12

2,012

0

0

0

Proceeds from Federal Home Loan Bank advances

681,000

557,000

558,000

512,100

722,100

895,100

998,601

1,145,501

937,500

806,916

550,815

339,415

208,416

30,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in short-term borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from issuance of subordinated notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,215

6,215

6,215

6,215

0

0

0

0

Repayment of subordinated notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

4,000

4,000

4,000

0

27,074

27,074

27,074

33,289

6,215

6,215

6,215

0

0

0

0

Net increase in Federal Home Loan Bank line of credit

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from (Repayments of) Short-term Debt

-

-

-

-

-

-

-

-

-

-1,000

0

0

0

-

-

-

-

1,500

3,500

1,500

1,500

1,000

0

0

0

-

-

-

12,991

-800

0

0

0

-

-

-

-

Net increase in long-term borrowed funds

-51

-48

-18

70

60

60

0

0

0

-

-

-

-

998

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

611

626

646

584

468

366

373

365

182

142

110

107

57

13

12

11

0

0

0

Cash dividends paid

5,314

5,216

5,156

5,091

5,002

4,916

4,824

4,724

4,631

4,538

4,443

4,357

4,267

4,176

4,089

3,994

3,904

3,816

3,770

3,647

3,522

3,396

3,589

3,309

3,029

2,475

1,557

1,193

828

738

736

733

731

729

0

0

0

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

1,188

1,188

1,236

936

385

385

337

1,474

1,159

1,159

1,159

22

0

0

0

-

-

-

-

Purchase of treasury stock

7,217

7,248

5,635

4,231

2,007

533

301

327

325

323

313

472

467

467

483

527

534

946

2,252

2,135

2,201

1,795

894

678

617

1,782

1,465

1,394

1,385

216

147

102

104

103

0

0

0

Net cash provided by financing activities

128,838

83,068

140,604

115,168

84,599

146,579

93,628

117,133

60,659

-1,033

-9,161

-65,196

-6,647

-17,901

16,636

119,619

93,150

136,692

295,958

356,293

388,015

342,826

148,239

16,482

42,978

34,714

64,920

109,077

49,565

39,304

47,291

53,818

38,883

60,981

0

0

0

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

34,007

-32,903

-17,942

423

-24,978

4,432

-67,866

-43,955

-36,047

-53,907

42,763

-37,033

10,327

-51,827

2,871

65,491

21,951

78,384

-20,601

1,184

-4,300

8,272

28,209

-60,139

-44,507

7,381

35,494

75,019

79,274

0

0

0

Supplementary cash flow information
Cash paid during the period for:
Interest paid on deposits and borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid on deposits and borrowings

-

-

-

-

-

-

-

16,725

15,645

14,872

14,236

14,525

14,543

14,790

14,880

14,689

14,155

13,639

13,290

12,462

12,063

11,048

11,086

11,212

11,472

12,365

13,505

14,825

16,267

17,800

18,786

19,859

20,942

21,774

0

0

0

Income Taxes Received

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,668

5,886

5,823

7,118

7,221

5,442

5,545

4,743

6,089

7,617

7,309

7,090

5,716

4,067

2,210

2,853

3,143

0

0

0

Transfer of securities from available-for-sale to held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Right-of-use assets obtained

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans from held-to-maturity to held-for-sale

-

-

-

-

-

-

-

-

-

12,896

8,366

10,379

7,768

11,504

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to foreclosed properties

-

-

-

-

-

2,202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,511

0

0

0

-

-

-

-

Transfer from premises and equipment to foreclosed properties

-

-

-

-

-

-

-

-

-

1,113

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer to foreclosed properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0