First defiance financial corp. (FDEF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities
Net income

49,370

46,249

32,268

28,843

26,423

24,292

22,235

18,664

15,534

8,108

7,194

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

2,905

1,176

2,949

283

136

1,117

1,824

10,924

12,434

23,177

23,232

Provision for depreciation

4,231

3,688

3,567

3,356

3,267

2,952

3,110

3,416

3,436

3,403

3,832

Net amortization of premium and discounts on loans, securities, deposits and debt obligations

-730

-861

-740

-1,128

-1,148

-1,020

-1,235

-

-

-

-

Amortization of mortgage servicing rights

1,809

1,341

1,464

1,724

1,620

1,401

2,098

3,562

2,169

2,642

3,171

Net (impairment) recovery of mortgage servicing rights

234

-132

-89

-123

-266

-116

-1,261

759

404

-353

-1,314

Amortization of intangibles

1,119

1,312

1,289

535

699

1,102

1,241

1,413

1,442

1,495

1,456

Gain on sale of loans

7,932

4,819

4,881

6,064

5,388

3,517

5,817

10,669

5,968

7,533

9,008

Loss on sale or disposals or write-downs of property, plant and equipment

-10

-13

-48

0

-428

0

-1

-179

-59

-12

-563

(Gain) loss on sale or write-down of OREO

-180

-581

56

300

-150

73

883

427

947

4,050

-1,627

(Gain) on sale or call of securities

24

173

584

509

22

932

97

2,139

218

-8

284

OTTI losses on investment securities

-

-

-

-

-

-

337

5

2

331

3,940

Amortization of premiums and discounts on securities

-

-

-

-

-

-

-

1,497

396

1,503

170

Change in deferred taxes

419

-881

-1,261

615

35

179

-1,518

-779

-2,839

2,417

4,007

Proceeds from sale of loans held for sale

302,554

212,688

215,727

262,958

215,402

159,305

308,260

520,376

263,336

384,492

518,747

Origination of loans held for sale

308,434

205,884

213,479

263,679

213,416

153,753

294,941

521,464

262,825

388,064

513,593

Stock based compensation expense

286

420

215

274

150

78

44

104

144

168

228

Excess tax benefit (expense) on stock compensation plans

108

154

171

192

-216

0

0

-

-

-

-

Restricted stock (income)/expense

560

568

838

517

436

-122

783

146

211

0

-

Income from bank owned life insurance

2,158

1,767

3,085

909

895

1,802

883

924

929

1,146

557

Accrued interest receivable

6,916

2,878

3,591

4,121

1,356

5,962

-1,328

-

-

-

-

Other assets

-

-

-

-

-

-

-

-17

-2,961

-3,664

8,541

Other liabilities

-1,688

916

-1,527

-3,878

-1,955

-5,254

2,535

4,838

2,365

-1,340

-3,384

Net cash provided by operating activities

39,685

53,055

35,957

26,984

30,652

30,065

39,363

31,910

38,739

32,200

23,472

Investing Activities
Proceeds from maturities, calls and paydowns of held-to-maturity securities

120

122

128

59

69

73

121

152

178

1,081

175

Proceeds from maturities, calls and paydowns of available-for-sale securities

49,104

32,620

32,687

36,390

31,240

20,400

35,072

60,057

52,097

46,765

25,770

Proceeds from sale of available-for-sale securities

2,667

5,503

34,248

-

-

-

-

-

-

-

-

Proceeds from sale of OREO

1,262

887

554

1,705

-

-

-

-

-

-

-

Proceeds from sale of office properties and equipment

-

14

849

1

-

-

-

-

-

-

-

Purchases of available-for-sale securities

33,463

76,647

73,007

71,276

30,483

70,149

49,230

91,513

120,499

76,439

52,645

Net cash paid in Buckeye Insurance acquisition

-

-

-

-

-

0

0

-

-

-

-

Purchases of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

1,210

Purchases of office properties and equipment

3,134

4,168

3,263

2,106

1,843

4,935

0

3,223

2,041

1,562

1,763

Investment in bank owned life insurance

6,600

-

20,000

0

4,000

3,406

4,545

5,000

0

3,757

1,500

Proceeds from bank owned life insurance death benefit

874

337

-

0

-

-

-

-

-

-

-

Proceeds from sale of bank owned life insurance

-

17,689

-

0

-

910

0

0

-

728

-

Proceeds from FHLB stock redemption

2,302

1,775

-

3

212

84

0

0

-357

-364

-

Proceeds from sale of REO

-

-

-

-

-

-

-

-

-

-

7,076

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

10

17

1

1,227

Proceeds from sale of premises and equipment, real estate and other assets held for sale

-

-

-

-

3,407

2,108

4,027

3,444

9,630

448

-

Proceeds from sale of premises and equipment, real estate and other assets held for sale

-

-

-

14,871

426

14,913

2,899

72,262

8,719

10,511

6,383

Proceeds from FHLB stock redemption

-

-

-

-

1

5,548

1,305

-

-

-

-

Net cash received (paid) in acquisitions

1,600

-

-19,359

0

297

-

-

-

-

-

-

Purchase of portfolio mortgage loans

-

-

11,476

822

0

16,594

2,045

0

25,842

0

-

Proceeds from sale of non-mortgage loans

21,239

28,729

20,227

20,816

24,027

20,592

13,369

4,644

9,212

13,949

8,714

Net increase in loans receivable

258,119

219,885

133,184

158,121

177,013

73,206

70,845

65,005

-31,137

-53,767

35,598

Net cash used in investing activities

-225,348

-213,024

-132,878

-158,480

-154,254

-103,662

-69,872

-24,172

-40,949

44,356

-43,371

Financing Activities
Net increase in deposits and advance payments by borrowers

251,282

183,764

148,065

145,467

75,689

25,810

68,368

71,318

21,314

-4,468

110,577

Repayment of Federal Home Loan Bank advances

45,126

34,090

31,070

959

8,642

976

276

69,045

35,044

30,042

25,040

Proceeds from Federal Home Loan Bank advances

45,000

35,000

10,000

45,000

47,000

0

10,000

0

0

-

-

Cash paid for redemption of preferred stock

-

-

-

-

-

-

-

36,358

0

0

-

Net decrease in Federal Home Loan Bank short-term advances

-

-

-

-

-

-

-

-

-

-

-9,100

Increase in Federal Home Loan Bank short-term advances

-

-

-

-

-

-

-

-

-

-

25,000

Decrease in securities sold under repurchase agreements

-2,742

-20,278

-5,797

-25,372

2,429

2,840

217

-8,684

4,139

7,849

-1,056

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

1,136

1,850

1,850

1,747

Proceeds from direct stock sales

-

-

-

-

-

-

-

-

19,859

0

-

Cash dividends paid on common stock

15,624

13,043

9,859

7,890

7,159

5,937

3,907

1,950

481

0

3,776

Net cash paid for repurchase of common stock

15,147

6,330

-

6,293

8,436

15,519

1,821

0

0

-

-

Repayment of warrants

-

-

-

-

11,979

0

0

-

-

-

-

Proceeds from exercise of stock options

189

111

199

714

1,469

921

350

4

11

3

5

Proceeds from direct treasury stock sales

123

104

73

63

64

76

64

14

29

0

-

Net cash provided by financing activities

217,955

145,238

111,611

150,730

90,435

7,215

72,995

-45,837

7,977

-28,508

94,863

Increase (decrease) in cash and cash equivalents

32,292

-14,731

14,690

19,234

-33,167

-66,382

42,486

-38,099

5,767

48,048

74,964

Supplemental cash flow information:
Interest paid

25,348

16,198

11,382

8,370

6,764

6,557

7,179

12,251

17,464

26,212

34,038

Income taxes paid

11,200

7,950

14,350

12,700

10,000

8,950

10,500

4,000

4,875

5,800

8,800

Transfer from other liability to equity

-

636

-

0

-

-

-

-

-

-

-

Transfers from held to maturity securities to available for sale securities

404

-

-

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned and other assets held for sale

337

1,141

705

583

974

2,357

5,836

4,048

4,614

12,147

14,930

Transfer from real estate owned and other assets held for sale to loans

-

-

-

-

2,544

0

0

-

-

-

-

Transfer from (to) property and equipment to real estate and other assets held for sale

-

-

-130

-44

267

0

0

-

-

-

-

Sale of bank owned life insurance not yet settled

-

-

17,840

0

0

-

-

-

-

-

-

Transfer from loans held for sale to loans

-

-

-

-

-

1,178

3,231

0

7,596

0

-

Securities traded but not yet settled

-

-

548

357

0

0

742

405

0

0

-

Initial recognition of right-of-use asset

8,808

-

-

-

-

-

-

-

-

-

-

Initial recognition of lease liability

9,339

-

-

-

-

-

-

-

-

-

-

Transfers from premises and equipment to other real estate owned and other assets held for sale

-

-

-

-

-

-

-

-

-

-

300