First connecticut bancorp, inc. (FBNK)
CashFlow / TTM
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

18,835

17,107

16,189

19,878

18,054

16,695

15,215

13,410

13,852

13,681

12,579

13,345

11,636

10,354

9,335

7,322

5,681

4,310

3,704

5,524

3,590

3,602

3,707

-900

1,212

-4,264

-4,239

0

0

0

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

1,050

1,691

1,551

1,868

2,349

2,440

2,332

2,492

2,180

2,042

2,440

2,296

2,951

2,698

2,588

2,616

1,790

1,636

1,530

1,185

1,185

1,449

1,380

4,255

4,340

4,120

4,090

0

0

0

Provision for (reversal of) off-balance sheet commitments

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

69

41

93

137

108

124

49

35

30

28

0

0

0

Reversal of off-balance sheet commitments

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

1,905

1,923

1,998

2,063

2,126

2,224

2,316

2,433

2,499

2,575

2,640

2,735

2,873

3,001

3,100

3,141

3,192

3,140

3,079

3,044

3,148

3,233

3,309

3,356

3,185

3,137

3,108

0

0

0

Provision for foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of ESOP expense

2,488

2,464

2,399

2,246

2,046

1,831

1,669

1,600

1,580

1,549

1,522

1,480

1,457

1,470

1,480

1,482

1,467

1,436

1,404

0

0

0

-

-

-

-

-

-

-

-

Amortization of ESOP expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Share based compensation expense

621

533

408

347

684

1,255

1,795

2,426

2,611

2,920

3,118

3,198

3,281

3,047

2,923

2,914

2,919

2,879

3,576

0

0

0

-

-

-

-

-

-

-

-

Amortization of mortgage servicing rights

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Writedown on foreclosed real estate

-

-

-

-

-

-

21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments

-

-

-

-

-

-

-

-

-

-

1,523

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans originated for sale

122,416

118,275

119,869

124,289

143,439

164,447

167,377

166,974

236,760

213,095

209,997

180,753

76,570

70,512

57,069

71,815

83,649

124,214

173,160

219,746

202,390

150,126

100,676

30,910

37,859

42,503

40,729

0

0

0

Proceeds from the sale of loans held for sale

121,194

116,701

119,914

125,246

150,805

171,159

176,849

172,675

240,199

211,599

205,269

184,483

98,380

96,049

82,129

91,823

85,622

130,697

184,425

247,086

227,343

173,965

117,189

29,239

39,100

40,963

41,223

0

0

0

Loss on disposal of premises and equipment

-

-

-

-

-

-

-82

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-59

-87

-113

-230

-44

-53

46

217

36

48

123

-28

91

49

-33

-75

-443

-399

-441

0

0

0

-

-

-

-

-

-

-

-

Impairment losses on alternative investments

-

0

-10

-110

-282

-282

-319

0

0

0

-

-

-

-

-52

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on fair value adjustment for equity securities

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

570

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on loans sold

2,099

2,469

2,597

2,924

2,991

3,031

3,105

2,747

2,801

2,462

2,492

2,272

1,912

1,817

1,419

1,653

1,645

2,917

4,825

6,179

6,241

5,083

3,151

1,258

855

623

671

0

0

0

Net amortization (accretion) of investment security discounts and premiums

-43

-34

58

75

87

99

104

100

80

75

65

13

11

12

26

68

54

43

51

85

137

165

153

127

100

85

110

0

0

0

Change in net deferred loan fees and costs

-1,558

-1,535

-1,221

-653

-593

-162

140

106

390

-188

-141

-799

-802

-639

-850

-75

-1,328

-56

385

103

1,187

-296

-825

-974

-897

-610

-356

0

0

0

Increase in accrued income receivable

1,974

1,645

1,547

1,626

1,203

1,052

685

108

311

299

970

974

1,292

1,074

860

752

730

627

502

151

229

265

230

-1,876

111

-73

-42

0

0

0

Deferred income tax

-6,203

-6,954

-6,897

-1,128

-1,407

-657

-410

-366

-577

-1,422

-1,763

-296

-152

910

687

-270

68

-158

313

1,479

1,837

1,621

1,485

0

0

0

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

1,391

1,377

1,354

1,361

1,342

1,320

1,336

1,320

1,335

1,353

1,293

1,230

1,163

1,122

1,130

1,148

1,168

1,189

1,207

1,226

1,249

1,267

1,286

1,166

1,017

871

725

0

0

0

Increase in prepaid expenses and other assets

4,959

7,304

4,404

-15,757

-14,410

-14,474

-4,113

10,509

20,154

12,008

5,562

12,584

3,451

7,008

3,919

-1,433

-854

-2,421

-3,486

-8,304

-4,856

-980

-1,791

6,648

6,832

3,919

7,288

0

0

0

Increase (decrease) in accrued expenses and other liabilities

10,918

6,387

3,127

-18,965

-18,173

-13,765

-583

14,098

20,709

10,356

2,410

9,796

-1,706

2,729

7,145

-389

2,771

638

-10,475

-5,823

-2,729

1,495

6,443

5,751

2,336

6,036

9,315

0

0

0

Cash flows from investing activities
Net cash provided by operating activities

-

21,325

-

-

-

27,110

31,668

27,962

22,771

15,162

9,322

17,091

32,272

35,845

42,754

35,336

15,792

18,589

11,333

35,460

34,231

32,737

31,415

5,954

5,490

8,727

10,739

0

0

0

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

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

25,152

25,148

40,726

37,042

24,978

27,953

12,349

8,866

8,759

5,544

5,269

112

4

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

172,024

191,557

204,758

251,092

278,288

270,334

281,447

297,334

306,574

336,427

344,909

321,843

317,867

350,775

369,279

347,982

360,553

361,793

390,837

419,433

422,414

0

0

0

Purchases of debt securities held-to-maturity

46,898

44,927

55,635

0

0

0

-

-

-

-

41,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of debt securities available-for-sale

61,469

61,607

39,081

40,072

72,044

114,056

143,038

154,038

210,057

206,070

223,085

245,082

262,841

305,855

341,867

410,883

393,056

377,039

331,043

346,016

352,078

341,072

363,991

327,028

386,055

393,062

395,126

0

0

0

Loan originations, net of principal repayments

287,095

240,329

229,323

251,868

242,953

237,553

187,045

139,926

138,090

166,796

226,267

294,897

365,677

359,204

344,757

341,087

343,435

312,014

283,130

250,751

198,110

243,087

248,842

0

0

0

-

-

-

-

Purchases of Federal Home Loan Bank of Boston stock, net

2,612

1,247

-841

815

1,343

730

-5,351

0

0

0

-

-

-

-

6,649

9,341

9,341

4,754

4,197

327

1,246

1,246

1,490

0

0

0

-

-

-

-

Loan originations, net of principal repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,000

0

0

0

-

-

-

-

Proceeds from sale of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

2,928

0

0

0

-

-

-

-

-

-

-

-

1,070

0

0

0

-

-

-

-

Proceeds from bank-owned life insurance

-

-

-

-

-

-

228

0

0

0

-

-

-

-

-

-

-

-

100

0

0

0

-

-

-

-

-

-

-

-

Purchases of premises and equipment

1,261

1,027

841

696

892

1,991

1,835

3,028

3,522

2,566

2,394

1,278

771

860

1,360

1,586

2,571

2,888

3,807

4,465

5,699

6,221

5,414

5,502

3,761

2,689

2,580

0

0

0

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of shares for tax withholding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

590

0

0

0

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-239,062

-

-

-

-247,462

-154,675

-78,116

-113,548

-125,989

-198,135

-296,198

-382,067

-381,767

-390,004

-435,076

-412,543

-384,226

-313,692

-249,656

-183,425

-238,990

-260,539

-262,083

-256,519

-164,059

-125,844

0

0

0

Net proceeds from Federal Home Loan Bank of Boston advances

67,999

73,400

-31,599

50,858

48,858

22,457

-90,543

-153,000

-60,100

-49,100

-24,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in repurchase agreement borrowings

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of common stock for ESOP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

5,376

0

0

0

-

-

-

-

Net payments to Federal Home Loan Bank of Boston advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Decrease in repurchase agreement borrowings

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

107,390

76,952

142,720

102,303

182,635

184,423

199,952

232,400

120,657

124,352

182,749

142,156

155,443

213,224

192,806

204,801

200,598

280,440

203,902

292,337

241,603

143,080

180,303

62,113

79,264

131,864

126,263

0

0

0

Net increase in time deposits

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in repurchase liabilities

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,279

6,182

-10,062

14,496

19,563

0

0

0

Net increase in time deposits

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

-303

8,027

16,571

26,530

52,362

48,228

53,777

67,803

0

0

0

Net increase (decrease) in repurchase liabilities

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Stock options exercised

812

716

669

1,881

1,994

2,343

2,643

1,478

1,356

776

412

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cancellation of shares for tax withholding

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

2,527

2,764

2,883

4,434

2,200

2,206

2,123

2,452

6,257

6,731

11,224

22,001

18,910

0

0

0

-

-

-

-

-

-

-

-

Cash dividend paid

9,453

8,646

7,843

7,028

6,062

5,257

4,607

4,197

3,886

3,576

3,276

3,160

3,008

2,845

2,537

2,276

1,971

1,841

1,878

1,889

1,933

1,965

1,970

0

0

0

-

-

-

-

Net cash provided by financing activities

-

207,762

-

-

-

197,613

111,591

92,647

114,528

125,146

205,089

282,640

342,009

346,659

351,314

393,331

410,879

374,801

290,517

231,498

149,117

109,919

189,469

48,596

49,094

211,147

186,793

0

0

0

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

-9,583

-9,975

-12,373

-45,465

-20,192

-22,739

-11,416

42,493

23,751

14,319

16,276

3,533

-7,786

737

4,064

-6,409

14,128

9,164

-11,842

17,302

-77

-96,334

-39,655

-207,533

-201,935

55,815

71,688

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

-

-

-

-

-

-

15,703

15,396

14,746

14,041

13,270

12,516

11,630

10,787

9,977

9,474

9,649

9,694

9,785

6,897

6,584

6,579

6,712

9,746

10,077

10,499

10,825

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

5,399

5,274

4,657

4,235

4,944

5,507

4,884

3,251

1,502

0

0

0

-

-

-

-

6

0

0

0

-

-

-

-

Loans transferred to other real estate owned

0

0

-

-

-

-

188

485

485

1,634

2,287

2,582

2,774

1,833

1,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-