FIRST DEFIANCE FINANCIAL CORP. FDEF Cash Flow

First defiance financial corp. (FDEF)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net income
12,518	13,171	12,199	11,482	12,097	11,306	11,109	11,737	9,399	9,381	8,348	5,140	7,365	7,045	7,264	7,169	6,563	6,696	6,563	6,601	6,355	7,069	5,689	5,179	5,087	5,480	6,109	5,559	5,156	5,434	3,921	4,153	4,063	4,061	4,750	2,660
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
1,084	1,327	282	212	472	1,376	423	-1,095	314	463	2,117	55	-149	15	53	364	43	-27	0	120	162	406	446	103	475	476	448	425	2,618	706	4,097	3,503	4,099	3,097	2,405	2,833
Provision for depreciation
1,094	1,064	1,042	1,031	1,000	969	852	867	893	904	903	867	842	849	847	818	828	815	859	765	763	727	737	725	754	764	783	809	864	863	857	832	855	861	854	866
Net amortization of premium and discounts on loans, securities, deposits and debt obligations
-1,329	149	295	155	-1,099	46	140	52	-1,342	412	217	-27	-874	-79	-87	-88	-815	-102	1	-232	-598	-127	-135	-160	-665	-181	-190	-199	-	-	-	-	-	-1,244	758	-256
Amortization of mortgage servicing rights
95	734	581	399	423	332	304	282	384	413	388	279	325	529	538	332	547	383	305	385	480	298	324	299	-	-	-	-	97	1,492	1,031	942	235	1,625	26	283
Net (impairment) recovery of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,748	-51	322	216	-	-	-	-	-	-	-	-
Amortization of intangibles
280	264	276	299	314	319	332	347	358	364	335	232	116	115	147	157	163	157	162	217	270	269	274	289	296	297	312	336	345	344	349	375	391	387	320	344
Gain on sale of loans
2,045	2,701	1,796	1,390	775	1,313	1,427	1,304	1,132	1,282	1,384	1,083	1,357	1,831	1,837	1,039	884	1,740	1,443	1,321	837	1,013	1,023	644	805	929	1,892	2,191	2,729	2,896	2,491	2,553	1,663	6,430	-2,955	830
Amortization of premiums and discounts on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-118	-154	-129	-	240	545	-164	-	422	-171	60
Loss on sale or disposals or write-downs of property, plant and equipment
0	0	0	-10	0	-13	0	0	0	4	-52	0	-	-	-	-	0	-2	0	-426	0	0	0	0	0	0	0	-1	-136	-24	-19	0	-	-	-	-
(Gain) loss on sale or write-down of OREO
-	-	-	-	-	-	-	-	-	-	-	-	31	-3	7	265	131	-22	-180	-79	240	-170	41	-38	465	197	204	17	125	7	98	197	168	-24	222	581
(Gain) on sale or call of securities
-	-	-	-	-	-	-	-	-	-	-	-	0	151	227	131	22	0	0	0	1	460	471	0	0	0	44	53	1,611	103	382	43	169	0	0	49
OTTI losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2
Amortization of premiums and discounts on securities
-	440	348	285	-	317	304	284	-	397	298	240	-	216	218	193	-	175	200	176	-	144	63	93	-	-	-	-	981	215	88	213	-	-	-	-
Change in deferred taxes
-218	391	401	-155	-657	-154	-50	-20	-1,041	401	156	-777	789	-128	218	-264	-55	-338	233	195	136	-175	89	129	-1,545	4	50	-27	325	545	-585	-1,064	-2,456	-401	-30	48
Proceeds from sale of loans held for sale
100,983	102,133	60,528	38,910	51,503	60,704	56,082	44,399	58,600	55,016	53,755	48,356	65,791	95,182	61,644	40,341	47,715	59,513	65,546	42,628	43,428	46,456	41,723	27,698	36,847	59,934	99,367	112,112	138,501	151,584	120,740	109,551	95,173	68,166	46,514	53,483
Origination of loans held for sale
94,785	108,675	67,461	37,513	45,229	56,925	59,256	44,474	56,158	58,503	52,841	45,977	64,840	90,897	65,498	42,444	46,036	55,673	65,035	46,672	41,813	44,245	39,602	28,093	35,325	58,024	102,197	99,395	146,592	148,742	121,013	105,117	95,079	268,371	-156,251	55,626
Gain/loss on sale / write-down of real estate and other assets held for sale
-	100	-29	-249	-	0	8	-537	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock based compensation expense
14	6	255	11	126	122	88	84	82	48	40	45	48	106	1	119	47	44	38	21	18	26	14	20	9	7	9	19	22	23	25	34	35	33	37	39
Excess tax benefit (expense) on stock compensation plans
0	2	1	105	-8	4	10	148	3	6	0	162	8	54	31	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock (income)/expense
376	423	-550	311	271	237	-53	113	321	190	-198	525	128	202	123	64	102	102	101	131	-21	29	47	-177	151	161	147	324	-114	90	112	58	-	-	-	-
Income from bank owned life insurance
456	783	527	392	402	399	566	400	419	421	422	1,823	223	225	230	231	237	238	212	208	218	1,130	235	219	211	212	231	229	241	244	219	220	226	229	237	237
Accrued interest receivable
5,171	615	-2,479	1,539	326	1,783	-772	653	1,809	1,488	-496	790	2,840	1,031	-480	730	251	938	-763	930	4,837	1,173	-392	344	-2,159	534	-134	431	-	756	-180	101	-	114	6	160
Other assets
-	-	-	-	-	-	-	-	-	2,690	-1,748	1,801	-	-837	3,519	793	-	-1,393	-779	2,002	-	-515	3,025	2,069	-	-1,207	-397	383	-342	-695	-7	1,027	-2,054	-1,474	548	19
Other liabilities
-3,393	459	2,908	-1,662	-1,272	5,570	-3,307	-75	-3,875	5,492	-6,508	3,364	-5,052	8	494	672	-2,149	-273	-1,923	2,390	-9,142	698	701	2,489	2,668	1,411	310	-1,854	-35	2,337	2,570	-34	-2,679	-800	3,216	2,628
Net cash provided by operating activities
20,450	6,228	3,316	9,691	20,037	20,107	4,059	8,852	13,953	7,299	6,434	8,271	10,681	11,125	329	4,849	10,307	10,853	6,649	2,843	9,834	8,748	6,141	5,342	8,775	10,479	4,472	15,637	-1,640	10,768	10,791	11,991	10,566	8,241	12,986	6,946
Investing Activities
Proceeds from maturities, calls and paydowns of held-to-maturity securities
78	4	38	0	77	4	35	6	80	5	38	5	7	7	37	8	7	7	41	14	10	7	48	8	21	37	47	16	76	15	44	17	75	34	48	21
Proceeds from maturities, calls and paydowns of available-for-sale securities
19,191	13,481	9,759	6,673	12,704	7,397	6,659	5,860	12,348	7,095	7,284	5,960	10,625	7,888	9,974	7,903	9,025	6,567	9,253	6,395	5,107	5,335	4,462	5,496	4,814	6,148	10,305	13,805	10,486	17,782	15,413	16,376	23,644	8,817	12,553	7,083
Purchases of available-for-sale securities
14,811	7,441	3,039	8,172	25,112	8,696	23,129	19,710	31,772	21,048	11,372	8,815	35,738	20,062	12,601	2,875	9,799	4,633	1,864	14,187	5,471	21,128	26,878	16,672	18,484	2,185	10,914	17,647	0	8,457	57,417	25,639	32,674	26,293	39,475	22,057
Purchases of office properties and equipment
746	1,016	579	793	1,257	965	1,470	476	772	499	714	1,278	817	261	466	562	212	417	385	829	1,355	1,245	1,828	507	-1,760	964	431	365	349	386	1,153	1,335	470	908	437	226
Net cash received in acquisitions
-	-	-	-	-	-	-	-	-	0	-6,481	25,840	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in bank owned life insurance
-	-	-	-	-	-	-	-	0	0	0	20,000	0	0	0	0	-	-	-	-	-594	0	0	4,000	4,545	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of bank owned life insurance
-	-	0	0	0	0	0	17,689	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB stock redemption
0	0	320	1,982	0	1,772	0	3	-	0	0	0	2	0	0	1	212	0	0	0	-5,464	0	0	5,548	1,305	-3	-1	-1,301	0	0	0	0	-	-	-	-
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	0	12
Proceeds from sale of premises and equipment, real estate and other assets held for sale
-	-	-	-	-	-	-	-	-	814	205	9	-	466	18	884	1,304	413	1,118	572	37	776	799	496	1,331	1,083	828	785	543	1,135	1,480	286	2,250	2,350	3,392	1,638
Proceeds from sale of premises and equipment, real estate and other assets held for sale
-	-	-	161	-	-	-	249	-	-	-	-	0	6,356	3,155	5,360	426	0	0	0	393	10,738	2,128	1,654	-1,128	0	3,008	1,019	63,724	2,122	6,198	218	6,737	0	0	1,982
Purchase of portfolio mortgage loans
-	-	-	-	-	-	-	-	0	0	1,343	10,133	822	0	0	0	-	-	-	-	0	11,476	0	5,118	-2,500	0	4,545	0	-	-	-	-	15,146	0	0	10,696
Proceeds from sale of non-mortgage loans
5,295	1,566	12,629	1,749	452	14,191	10,036	4,050	1,085	3,975	5,287	9,880	6,849	3,022	8,117	2,828	7,849	15,677	0	501	5,036	4,972	1,905	8,679	1,721	6,755	1,264	3,629	4,273	8	354	9	3,692	1,095	2,449	1,976
Net increase in loans receivable
117,680	42,404	87,076	10,959	83,802	86,142	37,606	12,335	73,845	25,073	21,415	12,851	20,610	67,379	44,005	26,127	74,004	43,206	21,110	38,693	16,552	48,709	21,003	-13,058	20,277	6,548	56,467	-12,447	21,433	12,965	35,323	-4,716	24,534	18,670	-15,230	-59,111
Net cash used in investing activities
-106,700	-35,746	-73,543	-9,359	-92,959	-70,356	-45,045	-4,664	-76,300	-24,411	-20,784	-11,383	-40,166	-69,963	-35,771	-12,580	-65,191	-25,889	-16,947	-46,227	-12,711	-59,226	-40,367	8,642	-32,287	4,329	-56,904	14,990	57,330	-746	-75,404	-5,352	-36,421	-37,489	-5,883	38,844
Financing Activities
Net increase in deposits and advance payments by borrowers
109,697	81,933	-4,549	64,201	95,580	34,572	-19	53,631	77,526	33,862	-46,692	83,369	54,518	7,604	49,221	34,124	43,894	29,035	-8,010	10,770	30,628	-11,005	-18,328	24,515	-	-	-20,162	-11,229	58,629	-4,276	-58,083	75,048	6,772	16,309	-18,290	16,523
Repayment of Federal Home Loan Bank advances
10,032	32	31	35,031	31	5,502	5,279	23,278	30,278	275	275	242	241	241	239	238	899	249	248	7,246	246	244	244	242	241	12	11	12	69,011	12	11	11	11	15,011	11	20,011
Proceeds from Federal Home Loan Bank advances
10,000	0	30,000	5,000	-15,000	20,000	20,000	10,000	10,000	0	0	0	-10,000	30,000	0	25,000	20,000	0	10,000	17,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in securities sold under repurchase agreements
148	-213	-449	-2,228	1,579	-2,737	-2,422	-16,698	3,080	-1,167	-785	-6,925	-18,677	-2,496	-4,996	797	3,350	-399	-6,034	5,512	-5,330	7,634	3,516	-2,980	1,097	3,262	-5,187	1,045	-289	1,464	-4,082	-5,777	4,909	4,630	-9,889	4,489
Cash dividends paid on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	9	555	462	462	463	463	462
Proceeds from direct stock sales
-	-	-	-	-	-	-	-	-	18	19	17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	35	19,824
Cash dividends paid on common stock
4,341	3,748	3,747	3,788	3,469	3,468	3,059	3,047	2,539	2,536	2,538	2,246	1,976	1,974	1,974	1,966	1,834	1,857	1,854	1,614	1,633	1,415	1,440	1,449	979	978	977	973	486	487	486	491	-	-	-	-
Net cash paid for repurchase of common stock
0	0	0	15,147	-	-	0	0	-	-	-	-	0	0	0	6,293	3,088	4,084	0	1,264	4,646	4,198	4,636	2,039	1,821	0	0	0	-	-	-	-	-	-	-	-
Repayment of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11,979	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-2	0	6	185	0	0	55	56	1	0	64	134	47	177	176	314	-90	298	538	723	383	105	357	76	78	114	106	52	0	2	1	1	-	-	-	-
Proceeds from direct treasury stock sales
-	-	-	31	-	-	-	21	-	-	-	-	-	-	-	9	12	14	20	18	3	9	64	0	-	-	-	-	3	4	3	4	-	-	-	-
Net cash provided by financing activities
105,510	57,915	41,307	13,223	72,358	42,890	9,305	20,685	51,309	29,902	-43,707	74,107	23,691	33,089	42,203	51,747	61,345	22,758	-5,588	11,920	19,159	-9,114	-20,711	17,881	75,201	-14,922	23,833	-11,117	-11,264	-21,133	-81,752	68,312	10,552	5,665	-28,603	20,363
Increase (decrease) in cash and cash equivalents
19,260	28,397	-28,920	13,555	-564	-7,359	-31,681	24,873	-11,038	12,790	-58,057	70,995	-5,794	-25,749	6,761	44,016	6,461	7,722	-15,886	-31,464	16,282	-59,592	-54,937	31,865	51,689	-114	-28,599	19,510	44,426	-11,111	-146,365	74,951	-15,303	-23,583	-21,500	66,153
Supplemental cash flow information:
Interest paid
6,889	6,648	6,218	5,593	4,863	4,434	3,741	3,160	3,205	3,054	2,815	2,308	2,219	2,176	2,086	1,889	1,825	1,721	1,641	1,577	1,637	1,610	1,648	1,662	1,752	1,670	1,834	1,923	2,437	2,930	3,328	3,556	3,820	4,072	4,525	5,047
Income taxes paid
3,850	3,150	4,200	0	1,000	1,700	5,250	0	3,450	4,100	6,800	0	2,800	4,000	5,600	300	2,700	2,100	5,200	0	2,900	2,400	3,650	0	2,200	2,600	2,600	3,100	3,200	800	0	0	1,675	2,500	700	0
Transfers from loans to other real estate owned and other assets held for sale
191	0	0	146	0	211	236	694	377	19	50	259	57	95	22	409	102	0	192	680	986	378	366	627	1,009	252	3,265	1,310	1,630	447	1,708	263	241	743	1,852	1,778
Sale of bank owned life insurance not yet settled
-	-	-	-	-	-	-	-	0	0	0	17,840	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans held for sale to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	383	0	7,213
Securities traded but not yet settled
-	-	-	-	-	-	-	-	548	0	-1,668	1,668	-578	578	-172	529	0	0	0	0	-	-	-	-	-	-	-	-	-	-	15,717	1,212	-	-	-	-
Initial recognition of right-of-use asset
0	0	0	8,808	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of lease liability
0	0	0	9,339	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-