First bancorp (FBNC)
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
Cash Flows From Operating Activities
Net income

87,941

92,046

95,058

92,030

90,901

89,289

79,571

70,666

59,090

45,972

40,150

31,742

28,227

27,509

25,951

28,278

26,883

27,034

27,332

25,906

26,308

24,996

23,579

24,333

23,275

20,699

-10,916

-12,826

-15,124

-23,406

3,515

1,649

2,085

13,642

0

0

0

Reconciliation of net income to net cash provided by operating activities:
Provision for loan losses

7,353

2,263

-220

972

570

-3,589

-4,282

-4,369

-3,659

723

723

723

442

-23

-66

-1,480

-358

-780

739

3,638

6,456

10,195

17,615

21,110

23,042

30,616

66,297

68,390

69,266

79,672

44,973

47,046

51,513

41,301

0

0

0

Net security premium amortization

-2,998

-2,653

-2,392

-2,377

-2,523

-2,749

-2,927

-2,914

-3,361

-2,908

-3,088

-3,288

-2,893

-3,341

-3,285

-3,158

-3,125

-3,247

-2,898

-2,510

-2,243

-1,934

-1,994

-2,343

-2,540

-2,667

-2,609

-2,370

-2,081

-1,917

-3,783

-3,028

-2,241

-1,373

0

0

0

Loan discount accretion

6,396

5,974

6,303

6,554

7,120

7,812

7,985

8,155

7,827

7,076

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other purchase accounting accretion and amortization, net

-18

9

41

83

132

190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan discount accretion

-

-

-

-

-

-

-

-

-

-

14,586

8,593

6,590

4,451

-9,139

1,714

3,495

4,751

12,645

7,818

12,546

16,009

8,456

12,631

14,555

15,478

30,869

31,129

27,821

26,795

31,758

23,914

16,653

11,628

0

0

0

(Gains) losses on securities available for sale

-

-

-

-

-

-

-

-

-

-235

-235

-235

-235

3

3

2

2

-1

0

0

0

-

-

-

-

-

-

-

-

638

786

597

540

74

0

0

0

Gain from acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,196

0

0

0

Foreclosed property (gains) losses and write-downs, net

-853

-939

-885

-804

-522

-565

-671

-695

-844

-531

-875

-925

-810

-625

-153

-826

-1,019

-1,486

-1,384

-429

-1,827

-3,843

-230

1,304

3,285

1,700

-14,643

-18,854

-26,983

-28,360

-58,851

-50,095

-39,369

-27,847

0

0

0

Other gains

-177

-169

-419

-415

801

723

701

564

153

383

590

828

382

-29

-350

-322

-646

-465

-187

-180

-243

-228

-226

-495

266

-148

-734

-486

-1,052

-463

215

179

357

143

0

0

0

Decrease (increase) in net deferred loan costs

1,287

642

3,499

2,755

2,746

2,285

-2,838

-2,689

-2,416

-975

635

1,882

1,962

922

567

-255

-475

73

-34

-167

-23

-17

294

517

564

396

454

208

17

-44

-183

-80

-160

-307

0

0

0

Depreciation of premises and equipment

5,931

5,836

5,983

6,104

6,100

6,077

5,890

5,644

5,638

5,493

5,220

5,066

4,782

4,602

4,524

4,483

4,482

4,494

4,516

4,548

4,593

4,618

4,641

4,661

4,659

4,623

4,589

4,566

4,545

4,557

4,513

4,484

4,429

4,388

0

0

0

Amortization of operating lease right-of-use assets

1,878

1,857

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of lease obligations

1,666

1,669

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

2,380

2,270

2,116

1,944

1,741

1,569

1,436

1,239

1,148

1,095

1,047

1,017

769

714

683

686

706

710

576

449

374

270

249

227

226

222

252

268

310

311

542

685

792

905

0

0

0

Amortization of intangible assets

4,581

4,858

5,136

5,425

5,689

5,917

6,042

5,492

5,017

4,033

2,886

2,371

1,601

1,211

1,015

809

728

722

736

749

763

777

803

829

855

860

866

870

873

897

896

898

901

902

0

0

0

Amortization of SBA servicing assets

1,959

1,340

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees/gains from sale of presold mortgages and SBA loans

12,100

12,219

11,822

11,579

11,047

13,101

14,816

15,401

14,445

11,174

8,643

6,513

4,485

3,466

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of presold mortgage loans in process of settlement

202,823

173,705

130,433

102,125

171,650

118,791

494,973

408,381

234,098

228,871

-35,849

-496

51,839

76,912

-76,650

-72,420

-80,455

-97,118

-102,446

-110,541

-113,034

-101,493

-100,535

-99,909

-96,312

-103,877

-105,360

-106,556

-104,003

-96,750

-93,508

-82,421

-75,435

-76,095

0

0

0

Proceeds from sales of presold mortgage loans in process of settlement

196,734

162,476

123,619

107,668

109,080

129,519

175,658

202,236

238,945

235,493

188,453

156,032

103,019

81,127

77,710

76,637

88,552

101,315

109,825

114,185

112,064

103,773

97,632

98,532

96,279

106,787

106,856

106,057

106,422

94,350

92,951

80,834

71,128

73,967

0

0

0

Proceeds from sales of SBA loans

109,880

124,527

128,316

141,929

137,109

157,427

163,235

143,585

120,069

77,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of SBA loans for sale

148,429

150,677

159,984

177,991

298,153

196,784

312,932

232,984

42,175

95,436

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued interest receivable

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in accrued interest receivable

0

-

-

-

0

-

-

-

-

-

-

-

-3,441

120

-223

18

242

246

123

339

-246

-729

-778

-985

-747

-552

-1,057

-1,152

-1,232

-1,578

-4,870

-4,226

-3,231

-1,800

0

0

0

Increase in other assets

2,980

5,735

-357

-18,593

3,110

-3,525

-18,943

11,074

-8,978

-6,724

12,306

9,030

12,241

724

5,602

-8,247

-9,459

5,062

6,128

6,404

2,687

-2,164

-27,706

-20,485

-27,167

-22,199

6,067

-2,003

6,661

19,274

54,350

50,150

50,223

30,096

0

0

0

(Decrease) increase in accrued interest payable

-241

178

253

607

1,035

741

0

0

0

-

-

-

-

-4

-23

-39

-65

-101

-107

-153

-139

-193

-225

-293

-360

-447

-528

-509

-572

-577

-521

-659

-669

-210

0

0

0

Increase in other liabilities

-802

1,197

1,509

-507

4,904

-6,629

-4,800

-6,347

-8,751

-10,729

-9,694

-8,367

-2,627

2,868

630

722

-1,063

-222

2,437

2,302

711

2,675

1,583

843

5,004

4,145

3,418

-1,275

1,324

-2,940

1,532

5,323

-130

-330

0

0

0

Net cash provided by operating activities

47,901

51,238

56,145

76,064

58,004

46,410

60,384

18,264

31,591

26,838

-254

13,932

22,080

41,271

37,427

50,811

54,102

37,350

42,481

39,590

36,729

47,820

68,281

59,912

69,048

71,880

47,475

52,733

59,738

41,681

44,269

44,308

30,512

37,046

0

0

0

Cash Flows From Investing Activities
Purchases of securities available for sale

346,422

498,891

520,849

468,553

379,504

230,794

205,201

180,301

175,129

191,260

49,534

44,309

43,813

114,396

112,405

112,405

165,183

95,822

95,318

134,170

83,324

66,263

64,492

36,305

66,123

65,733

83,288

89,497

96,142

92,058

96,812

99,363

62,872

75,689

0

0

0

Purchases of securities held to maturity

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

857

127,380

127,380

126,523

125,377

0

0

0

-

-

-

-

-

-

-

-

4,332

0

0

0

Proceeds from maturities/issuer calls of securities available for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

88,841

86,238

69,302

36,696

40,387

30,332

30,620

35,885

35,716

38,881

50,596

69,597

82,274

96,040

85,495

89,376

87,271

75,615

0

0

0

Proceeds from maturities/issuer calls of securities held to maturity

32,438

32,461

29,658

81,300

18,517

16,183

6,029

24,682

23,476

22,344

-15,682

-8,981

24,228

23,368

72,163

56,591

20,516

23,203

19,699

14,911

8,912

453

0

250

1,487

1,837

1,837

1,592

1,180

1,690

1,690

1,685

1,227

1,053

0

0

0

Redemptions (purchases) of FRB and FHLB stock, net

8,352

4,088

4,088

4,237

338

6,129

5,704

9,519

12,280

9,947

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities/issuer calls of securities held to maturity

-

-

-

-

-

-

-

-

139,423

-

377

1,895

7,357

8

17,652

11,796

8

0

0

0

0

-

-

-

-

-

-

-

-

9,641

9,641

9,641

9,641

2,518

0

0

0

Proceeds from sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans

215,865

165,203

166,545

146,640

148,328

152,972

100,774

115,905

173,245

204,631

261,297

271,867

250,271

192,393

178,043

193,520

157,647

138,346

73,658

-2,783

-34,642

-52,157

2,644

28,682

74,085

101,444

97,182

97,662

79,603

89,718

82,432

76,986

47,284

-11,912

0

0

0

Payments related to FDIC loss share agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

1,554

-16,985

-14,323

-9,311

-6,673

7,844

4,444

-6,058

-17,724

-29,743

-52,810

-52,057

-49,572

-41,319

-26,528

-23,448

-29,796

-35,044

-52,157

-51,372

-69,339

0

0

0

Proceeds from sales of foreclosed properties

5,253

5,877

5,331

6,175

7,590

7,532

9,008

8,656

8,284

8,647

7,752

9,189

7,914

7,954

9,894

9,090

9,105

9,650

11,780

15,801

27,926

33,262

45,580

48,868

42,634

60,564

71,246

82,297

89,988

74,972

65,382

52,756

47,295

43,414

0

0

0

Purchases of premises and equipment

3,405

3,534

6,781

10,732

10,949

10,723

8,275

4,483

5,010

4,659

4,853

7,129

8,637

8,689

8,529

6,220

4,806

5,481

5,301

4,865

5,568

4,751

4,283

5,043

3,924

6,293

6,745

7,100

8,604

8,953

8,695

9,228

8,893

6,606

0

0

0

Proceeds from sales of premises and equipment

1,709

1,799

1,162

414

2,492

2,753

2,776

2,730

691

151

2,118

2,004

2,004

2,025

795

795

1,642

1,621

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,393

30,393

30,393

30,393

0

0

0

0

-

-

-

-

Net cash received in acquisition

-

-

-

-

-

-

-

-

-

72,519

-48,636

-5,064

-4,125

53,640

53,640

2,519

1,580

0

0

0

0

-

-

-

-

38,315

38,315

47,627

47,627

9,312

9,312

0

0

54,037

0

0

0

Net cash used by investing activities

-315,651

-424,686

-466,874

-460,942

-426,495

-313,279

-135,676

-128,816

-186,391

-128,532

-162,284

-177,982

-136,948

-240,112

-223,130

-191,775

-229,940

-137,998

-209,877

-187,880

-56,121

-25,803

82,120

110,692

-13,290

45,040

44,426

48,775

65,561

5,722

-6,891

-5,478

76,657

171,261

0

0

0

Cash Flows From Financing Activities
Net increase in deposits

247,913

272,206

347,232

289,697

301,844

252,756

198,435

230,594

187,818

195,468

155,265

210,010

239,972

158,989

226,008

218,893

133,207

115,379

28,741

-101,452

-93,106

-55,106

-61,837

-63,755

-70,820

-127,646

0

0

0

-

-

-

-

-

-

-

-

Net increase (decrease) in short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in borrowings

-

-

-

-

-

-

0

0

96,734

-

0

0

0

-

-

-

-

-

-

-

-

70,000

70,000

70,000

90,000

0

0

0

0

-

-

-

-

-

-

-

-

Net increase (decrease) in deposits and repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,277

22,481

-86,016

-127,253

0

0

0

Payments on long-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (repayments of) borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash dividends paid – common stock

16,018

13,662

13,081

12,485

11,881

11,281

10,287

9,292

8,299

7,596

7,256

6,881

6,490

6,399

6,337

6,315

6,310

6,309

6,309

6,307

6,306

6,303

6,301

6,300

6,298

6,297

6,083

5,865

5,646

5,426

5,416

5,408

5,399

5,390

0

0

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,727

548

765

849

881

0

0

0

Repurchases of common stock

30,000

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

230

230

230

228

0

0

0

Payment of taxes related to stock withheld

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid - preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

233

325

404

637

796

863

943

868

868

868

867

895

1,210

1,681

2,260

2,775

3,037

2,614

2,776

2,828

2,847

0

0

0

Proceeds from Stock Options Exercised

-

-

-

-

-

324

324

324

350

287

287

287

293

375

455

455

239

112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

197,292

141,852

217,461

164,203

288,566

240,277

177,174

253,127

276,372

285,191

290,052

333,107

318,434

237,566

248,247

211,075

132,945

114,832

49,671

-80,600

-120,210

7,793

994

-922

11,987

-135,153

-189,985

-126,093

-102,296

-22,063

2,341

-14,892

-70,848

-204,142

0

0

0

Increase (decrease) in cash and cash equivalents

-70,458

-231,596

-193,268

-220,675

-79,925

-26,592

101,882

142,575

121,572

183,497

127,514

169,057

203,566

38,725

62,544

70,111

-42,893

14,184

-117,725

-228,890

-139,602

29,810

151,395

169,682

67,745

-18,233

-98,084

-24,585

23,003

25,340

39,719

23,938

36,321

4,165

0

0

0

Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest

33,044

33,725

32,683

30,100

26,562

23,036

19,874

17,008

14,702

12,239

10,096

8,817

7,774

7,653

7,429

7,246

7,086

7,009

7,165

7,498

7,976

8,416

8,858

9,496

10,345

11,405

12,932

14,524

16,161

17,893

19,339

21,004

22,560

23,775

0

0

0

Cash paid during the period for income taxes

24,253

24,336

23,935

24,168

21,446

21,162

21,595

21,157

20,851

19,537

16,555

21,294

14,601

11,791

13,187

3,789

3,298

13,815

13,226

13,768

11,308

5,096

3,984

1,503

1,082

1,082

2,374

9,017

9,017

14,292

12,975

8,458

11,968

14,893

0

0

0

Non-cash: Unrealized gain (loss) on securities available for sale, net of taxes

28,468

16,998

15,176

12,838

2,310

-7,800

-9,509

-8,681

-5,888

553

-921

-892

-880

-1,238

1,712

1,924

56

-288

584

197

778

811

131

-1,756

-2,867

-3,240

-4,155

-1,968

-718

-369

453

340

918

864

0

0

0

Non-cash: Foreclosed loans transferred to other real estate

3,203

3,249

4,665

3,790

4,208

4,148

3,714

3,950

4,132

5,452

5,046

7,622

8,095

8,117

9,277

8,623

9,427

9,009

9,334

9,088

9,781

12,717

16,461

19,414

23,191

22,037

32,657

38,745

46,909

53,521

52,735

58,582

66,767

76,242

0

0

0

Non-cash: Initial recognition of operating lease right-of-use assets

0

19,406

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash: Initial recognition of operating lease liabilities

0

19,406

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-