First connecticut bancorp, inc. (FBNK)
CashFlow / Quarterly
Jun'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

6,730

6,011

497

5,597

5,002

5,093

4,186

3,773

3,643

3,613

2,381

4,215

3,472

2,511

3,147

2,506

2,190

1,492

1,134

865

819

886

2,954

-1,069

831

991

-1,653

1,043

-4,645

1,016

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

69

465

299

217

710

325

616

698

801

217

776

386

663

615

632

1,041

410

505

660

215

256

399

315

215

520

330

3,190

300

300

300

Provision for (reversal of) off-balance sheet commitments

-24

82

-

-

-69

-23

-

-

-

-

-

-

-

-

-

-

-

24

17

-1

29

-4

69

43

0

12

-6

29

-5

10

Reversal of off-balance sheet commitments

-

-

-

-

-

-

-

-13

434

-6

-

41

-15

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

467

460

468

510

485

535

533

573

583

627

650

639

659

692

745

777

787

791

786

828

735

730

751

932

820

806

798

761

772

777

Provision for foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

24

-

-

-

8

-

-

-

-

-

-

-

-

Amortization of ESOP expense

629

613

637

609

605

548

484

409

390

386

415

389

359

359

373

366

372

369

375

351

341

337

-

-

-

-

-

-

-

-

Amortization of ESOP expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-316

-308

-311

-

-

-

-

Share based compensation expense

161

236

80

144

73

111

19

481

644

651

650

666

953

849

730

749

719

725

721

754

679

1,422

-

-

-

-

-

-

-

-

Amortization of mortgage servicing rights

241

223

-

-

235

216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Writedown on foreclosed real estate

-

-

-

-

-

-

0

0

0

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments

-

-

-

-

-

-

-

-

-

-

0

0

1,250

273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans originated for sale

33,295

21,886

35,342

31,893

29,154

23,480

39,762

51,043

50,162

26,410

39,359

120,829

26,497

23,312

10,115

16,646

20,439

9,869

24,861

28,480

61,004

58,815

71,447

11,124

8,740

9,365

1,681

18,073

13,384

7,591

Proceeds from the sale of loans held for sale

34,285

21,489

37,547

27,873

29,792

24,702

42,879

53,432

50,146

30,392

38,705

120,956

21,546

24,062

17,919

34,853

19,215

10,142

27,613

28,652

64,290

63,870

90,274

8,909

10,912

7,094

2,324

18,770

12,775

7,354

Loss on disposal of premises and equipment

-

-

-

-

-

-

-11

-63

0

-8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on fair value adjustment for mortgage banking derivatives

21

-18

17

-79

-7

-44

-100

107

-16

55

71

-74

-4

130

-80

45

-46

48

-122

-323

-2

6

-

-

-

-

-

-

-

-

Impairment losses on alternative investments

-

0

0

0

0

-10

-100

-172

0

-47

-

-

-

-

-11

0

0

-41

-

-

-

-

-

-

-

-

-

-

-

-

Loss on fair value adjustment for equity securities

-6

-88

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

3

576

0

-9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on loans sold

341

288

598

872

711

416

925

939

751

490

567

993

412

520

347

633

317

122

581

625

1,589

2,030

1,935

687

431

98

42

284

199

146

Net amortization (accretion) of investment security discounts and premiums

2

-80

5

30

11

12

22

42

23

17

18

22

18

7

-34

20

19

21

8

6

8

29

42

58

36

17

16

31

21

42

Change in net deferred loan fees and costs

-120

-742

-470

-226

-97

-428

98

-166

334

-126

64

118

-244

-79

-594

115

-81

-290

181

-1,138

1,191

151

-101

-54

-292

-378

-250

23

-5

-124

Increase in accrued income receivable

870

64

940

100

541

-34

1,019

-323

390

-401

442

-120

378

270

446

198

160

56

338

176

57

-69

-13

254

93

-104

-2,119

2,241

-91

-73

Deferred income tax

3

44

-6,321

71

-748

101

-552

-208

2

348

-508

-419

-843

7

959

-275

219

-216

2

63

-7

255

1,168

421

-223

119

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

341

341

355

354

327

318

362

335

305

334

346

350

323

274

283

283

282

282

301

303

303

300

320

326

321

319

200

177

175

173

Increase in prepaid expenses and other assets

1,946

2,809

2,380

-2,176

4,291

-91

-17,781

-829

4,227

10,270

-3,159

8,816

-3,919

3,824

3,863

-317

-362

735

-1,489

262

-1,929

-330

-6,307

3,710

1,947

-1,141

2,132

3,894

-966

2,228

Increase (decrease) in accrued expenses and other liabilities

7,395

-2,891

6,022

392

2,864

-6,151

-16,070

1,184

7,272

7,031

-1,389

7,795

-3,081

-915

5,997

-3,707

1,354

3,501

-1,537

-547

-779

-7,612

3,115

2,547

3,445

-2,664

2,423

-868

7,145

615

Cash flows from investing activities
Net cash provided by operating activities

-

700

-

-

-

780

8,903

9,505

7,922

5,338

5,197

4,314

313

-502

12,966

19,495

3,886

6,407

5,548

-49

6,683

-849

29,675

-1,278

5,189

-2,171

4,214

-1,742

8,426

-159

Maturities, calls and principal payments of debt securities held-to-maturity

970

1,009

-

-

4,666

449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities, calls and principal payments of debt securities available-for-sale

722

28,271

-

-

3,151

13,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities, calls and principal payments of securities held-to-maturity

-

-

-

-

-

-

244

302

12,324

12,282

240

15,880

8,640

218

3,215

276

5,157

111

0

1

0

3

-

-

-

-

-

-

-

-

Maturities, calls and principal payments of securities available-for-sale

-

-

-

-

-

-

42,821

49,349

31,447

48,407

62,354

62,550

77,781

75,603

54,400

73,663

93,668

84,843

84,253

82,145

70,602

80,867

117,161

100,649

49,305

93,438

118,401

129,693

77,901

96,419

Purchases of debt securities held-to-maturity

6,972

7,000

18,927

13,999

5,001

17,708

-

-

-

-

7,000

7,000

22,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities available-for-sale

9,863

37,549

12,032

2,025

10,001

15,023

13,023

33,997

52,013

44,005

24,023

90,016

48,026

61,020

46,020

107,775

91,040

97,032

115,036

89,948

75,023

51,036

130,009

96,010

64,017

73,955

93,046

155,037

71,024

76,019

Loan originations, net of principal repayments

106,476

70,441

49,051

61,127

59,710

59,435

71,596

52,212

54,310

8,927

24,477

50,376

83,016

68,398

93,107

121,156

76,543

53,951

89,437

123,504

45,122

25,067

57,058

70,863

90,099

30,822

-

-

-

-

Purchases of Federal Home Loan Bank of Boston stock, net

4,530

2,128

-417

-3,629

3,165

40

1,239

-3,101

2,552

-6,041

-

-

-

-

2,061

0

4,587

1

4,753

0

0

-556

883

919

0

-312

-

-

-

-

Loan originations, net of principal repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,036

773

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,000

-

-

-

-

Proceeds from sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

308

2,317

-1

304

-

-

-

-

-

-

-

-

677

299

0

94

-

-

-

-

Proceeds from bank-owned life insurance

-

-

-

-

-

-

0

0

1

227

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

-

-

-

-

Purchases of premises and equipment

425

622

308

-94

191

436

163

102

1,290

280

1,356

596

334

108

240

89

423

608

466

1,074

740

1,527

1,124

2,308

1,262

720

1,212

567

190

611

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of shares for tax withholding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

409

0

161

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-88,460

-

-

-

-79,042

-68,843

-33,351

-66,226

13,745

7,716

-68,783

-78,667

-58,401

-90,347

-154,652

-78,367

-66,638

-135,419

-132,119

-50,050

3,896

-71,383

-65,888

-105,615

-17,653

-72,927

-60,324

-13,155

20,562

Net proceeds from Federal Home Loan Bank of Boston advances

102,000

99,999

-16,000

-118,000

107,401

-5,000

66,457

-120,000

81,000

-118,000

4,000

-27,100

92,000

-93,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in repurchase agreement borrowings

0

-10,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of common stock for ESOP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

0

8,180

-2,804

-

-

-

-

Net payments to Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,000

-

-52,750

24,750

52,000

-

-

-

-

-

-

-

-

Decrease in repurchase agreement borrowings

-

-

-

-

-

-

-

-

-

-

-

0

0

10,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,000

0

-3,000

Net (decrease) increase in demand deposits, NOW accounts, savings accounts and money market accounts

-34,408

5,443

20,233

116,122

-64,846

71,211

-20,184

196,454

-63,058

86,740

12,264

84,711

-59,363

145,137

-28,329

97,998

-1,582

124,719

-16,334

93,795

78,260

48,181

72,101

43,061

-20,263

85,404

-46,089

60,212

32,337

79,803

Net increase in time deposits

34,857

3,814

-

-

21,998

1,551

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in repurchase liabilities

-23,523

17,645

-

-

-16,575

-659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,909

1,438

-11,821

8,753

7,812

-14,806

12,737

13,820

Net increase in time deposits

-

-

-

-

-

-

-

-

-

-19,734

-

-10,604

-49,449

-9,776

-

783

2,039

3,820

-

-4,513

2,033

2,544

-367

3,817

10,577

12,503

25,465

-317

16,126

26,529

Net increase (decrease) in repurchase liabilities

-

-

-

-

-

-

-

-27,991

31,909

-4,651

-

2,043

-3,157

10,211

-

18,529

2,433

2,077

-

170

6,909

-10,834

-

-

-

-

-

-

-

-

Stock options exercised

366

344

0

102

270

297

1,212

215

619

597

47

93

39

233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

166

6

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

101

5

4

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of shares for tax withholding

0

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

0

0

154

2,373

237

119

1,705

139

243

36

2,034

3,944

717

4,529

12,811

853

-

-

-

-

-

-

-

-

Cash dividend paid

2,719

2,555

1,947

2,232

1,912

1,752

1,132

1,266

1,107

1,102

722

955

797

802

606

803

634

494

345

498

504

531

356

542

536

536

-

-

-

-

Net cash provided by financing activities

-

78,862

-

-

-

66,966

17,723

47,043

65,881

-19,056

-1,221

68,924

76,499

60,887

76,330

128,293

81,149

65,542

118,347

145,841

45,071

-18,742

59,328

63,460

5,873

60,808

-81,545

63,958

167,926

36,454

Net increase (decrease) in cash, cash equivalents and restricted cash

10,516

-8,898

-9,125

-2,076

10,124

-11,296

-42,217

23,197

7,577

27

11,692

4,455

-1,855

1,984

-1,051

-6,864

6,668

5,311

-11,524

13,673

1,704

-15,695

17,620

-3,706

-94,553

40,984

-150,258

1,892

163,197

56,857

Supplemental disclosure of cash flow information
Cash paid for interest

-

-

-

-

-

-

4,020

4,028

3,847

3,808

3,713

3,378

3,142

3,037

2,959

2,492

2,299

2,227

2,456

2,667

2,344

2,318

-432

2,354

2,339

2,451

2,602

2,685

2,761

2,777

Cash paid for income taxes

-

-

-

-

-

-

1,062

1,240

2,055

1,042

937

623

1,633

1,751

1,500

0

0

2

-

-

-

-

0

0

0

6

-

-

-

-

Loans transferred to other real estate owned

0

2,164

-

-

-

-

-1

0

0

189

296

0

1,149

842

591

192

208

226

-

-

-

-

-

-

-

-

-

-

-

-