First defiance financial corp. (FDEF)
CashFlow / TTM
Dec'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
Operating Activities
Net income

49,370

48,949

47,084

45,994

46,249

43,551

41,626

38,865

32,268

30,234

27,898

26,814

28,843

28,041

27,692

26,991

26,423

26,215

26,588

25,714

24,292

23,024

21,435

21,855

22,235

22,304

22,258

20,070

18,664

17,571

16,198

17,027

15,534

0

0

0

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

2,905

2,293

2,342

2,483

1,176

1,018

105

1,799

2,949

2,486

2,038

-26

283

475

433

380

136

255

688

1,134

1,117

1,430

1,500

1,502

1,824

3,967

4,197

7,846

10,924

12,405

14,796

13,104

12,434

0

0

0

Provision for depreciation

4,231

4,137

4,042

3,852

3,688

3,581

3,516

3,567

3,567

3,516

3,461

3,405

3,356

3,342

3,308

3,320

3,267

3,202

3,114

2,992

2,952

2,943

2,980

3,026

3,110

3,220

3,319

3,393

3,416

3,407

3,405

3,402

3,436

0

0

0

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

-730

-500

-603

-758

-861

-1,104

-738

-661

-740

-272

-763

-1,067

-1,128

-1,069

-1,092

-1,004

-1,148

-931

-956

-1,092

-1,020

-1,087

-1,141

-1,196

-1,235

0

0

0

-

-

-

-

-

0

0

0

Amortization of mortgage servicing rights

1,809

2,137

1,735

1,458

1,341

1,302

1,383

1,467

1,464

1,405

1,521

1,671

1,724

1,946

1,800

1,567

1,620

1,553

1,468

1,487

1,401

0

0

0

-

-

-

-

3,562

3,700

3,833

2,828

2,169

0

0

0

Net (impairment) recovery of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,261

0

0

0

-

-

-

-

-

-

-

-

Amortization of intangibles

1,119

1,153

1,208

1,264

1,312

1,356

1,401

1,404

1,289

1,047

798

610

535

582

624

639

699

806

918

1,030

1,102

1,128

1,156

1,194

1,241

1,290

1,337

1,374

1,413

1,459

1,502

1,473

1,442

0

0

0

Gain on sale of loans

7,932

6,662

5,274

4,905

4,819

5,176

5,145

5,102

4,881

5,106

5,655

6,108

6,064

5,591

5,500

5,106

5,388

5,341

4,614

4,194

3,517

3,485

3,401

4,270

5,817

7,741

9,708

10,307

10,669

9,603

13,137

7,691

5,968

0

0

0

Amortization of premiums and discounts on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

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

-10

-10

-23

-23

-13

-13

4

-48

-48

0

0

0

-

-

-

-

-428

-428

-426

-426

0

0

0

0

-1

-137

-161

-180

-179

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

300

400

381

194

-150

-41

-189

32

73

298

665

828

883

543

353

247

427

470

439

563

947

0

0

0

(Gain) on sale or call of securities

-

-

-

-

-

-

-

-

-

-

-

-

509

531

380

153

22

1

461

932

932

931

471

44

97

1,708

1,811

2,149

2,139

697

594

212

218

0

0

0

OTTI losses on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

0

Amortization of premiums and discounts on securities

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

1,497

0

0

0

-

-

-

-

Change in deferred taxes

419

-20

-565

-1,016

-881

-1,265

-710

-504

-1,261

569

40

102

615

-229

-439

-424

35

226

389

245

179

-1,502

-1,323

-1,362

-1,518

352

893

258

-779

-3,560

-4,506

-3,951

-2,839

0

0

0

Proceeds from sale of loans held for sale

302,554

253,074

211,645

207,199

212,688

219,785

214,097

211,770

215,727

222,918

263,084

270,973

262,958

244,882

209,213

213,115

215,402

211,115

198,058

174,235

159,305

152,724

166,202

223,846

308,260

409,914

501,564

522,937

520,376

477,048

393,630

319,404

263,336

0

0

0

Origination of loans held for sale

308,434

258,878

207,128

198,923

205,884

216,813

218,391

211,976

213,479

222,161

254,555

267,212

263,679

244,875

209,651

209,188

213,416

209,193

197,765

172,332

153,753

147,265

161,044

223,639

294,941

406,208

496,926

515,742

521,464

469,951

589,580

312,316

262,825

0

0

0

Gain/loss on sale / write-down of real estate and other assets held for sale

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation expense

286

398

514

347

420

376

302

254

215

181

239

200

274

273

211

248

150

121

103

79

78

69

50

45

44

57

73

89

104

117

127

139

144

0

0

0

Excess tax benefit (expense) on stock compensation plans

108

100

102

111

154

165

167

157

171

176

224

255

192

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock (income)/expense

560

455

269

766

568

618

571

426

838

645

657

978

517

491

391

369

436

313

240

186

-122

50

182

282

783

518

447

412

146

0

0

0

-

-

-

-

Income from bank owned life insurance

2,158

2,104

1,720

1,759

1,767

1,784

1,806

1,662

3,085

2,889

2,693

2,501

909

923

936

918

895

876

1,768

1,791

1,802

1,795

877

873

883

913

945

933

924

909

894

912

929

0

0

0

Accrued interest receivable

6,916

2,071

3,239

4,946

2,878

4,361

4,066

0

3,591

4,622

4,165

4,181

4,121

1,532

1,439

1,156

1,356

5,942

6,177

6,548

5,962

-1,034

-1,673

-1,415

-1,328

0

0

0

-

0

0

0

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-1,563

-1,051

-661

-17

-1,729

-2,508

-1,953

-2,961

0

0

0

Other liabilities

-1,688

433

5,544

-671

916

-1,687

-1,765

-4,966

-1,527

-2,704

-8,188

-1,186

-3,878

-975

-1,256

-3,673

-1,955

-8,948

-7,977

-5,353

-5,254

6,556

7,269

6,878

2,535

-168

758

3,018

4,838

2,194

-943

-297

2,365

0

0

0

Net cash provided by operating activities

39,685

39,272

53,151

53,894

53,055

46,971

34,163

36,538

35,957

32,685

36,511

30,406

26,984

26,610

26,338

32,658

30,652

30,179

28,074

27,566

30,065

29,006

30,737

29,068

39,363

28,948

29,237

35,556

31,910

44,116

41,589

43,784

38,739

0

0

0

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

120

119

119

116

122

125

126

129

128

55

57

56

59

59

59

63

69

72

72

79

73

84

114

113

121

176

154

151

152

151

170

174

178

0

0

0

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

49,104

42,617

36,533

33,433

32,620

32,264

31,962

32,587

32,687

30,964

31,757

34,447

36,390

34,790

33,469

32,748

31,240

27,322

26,090

21,299

20,400

20,107

20,920

26,763

35,072

40,744

52,378

57,486

60,057

73,215

64,250

61,390

52,097

0

0

0

Purchases of available-for-sale securities

33,463

43,764

45,019

65,109

76,647

83,307

95,659

83,902

73,007

76,973

75,987

77,216

71,276

45,337

29,908

19,171

30,483

26,155

42,650

67,664

70,149

83,162

64,219

48,255

49,230

30,746

37,018

83,521

91,513

124,187

142,023

124,081

120,499

0

0

0

Purchases of office properties and equipment

3,134

3,645

3,594

4,485

4,168

3,683

3,217

2,461

3,263

3,308

3,070

2,822

2,106

1,501

1,657

1,576

1,843

2,986

3,814

5,257

4,935

1,820

1,539

142

0

2,109

1,531

2,253

3,223

3,344

3,866

3,150

2,041

0

0

0

Net cash received in acquisitions

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in bank owned life insurance

-

-

-

-

-

-

-

-

20,000

20,000

20,000

20,000

0

0

0

0

-

-

-

-

3,406

8,545

8,545

8,545

4,545

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of bank owned life insurance

-

-

0

0

17,689

0

0

17,689

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB stock redemption

2,302

2,302

4,074

3,754

1,775

0

0

3

-

2

2

2

3

213

213

213

212

-5,464

-5,464

-5,464

84

6,853

6,850

6,849

0

-1,305

-1,302

-1,301

0

0

0

0

-

-

-

-

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

0

0

0

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

-

-

-

-

-

-

-

-

-

0

0

830

-

2,672

2,619

3,719

3,407

2,140

2,503

2,184

2,108

3,402

3,709

3,738

4,027

3,239

3,291

3,943

3,444

5,151

6,366

8,278

9,630

0

0

0

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

-

-

-

5,415

-

-

-

0

-

-

-

-

14,871

15,297

8,941

5,786

426

393

11,131

13,259

14,913

13,392

2,654

3,534

2,899

67,751

69,873

73,063

72,262

15,275

13,153

6,955

8,719

0

0

0

Purchase of portfolio mortgage loans

-

-

-

-

-

-

-

-

11,476

12,298

12,298

10,955

822

0

0

0

-

-

-

-

16,594

14,094

2,618

7,163

2,045

0

0

0

-

-

-

-

25,842

0

0

0

Proceeds from sale of non-mortgage loans

21,239

16,396

29,021

26,428

28,729

29,362

19,146

14,397

20,227

25,991

25,038

27,868

20,816

21,816

34,471

26,354

24,027

21,214

10,509

12,414

20,592

17,277

19,060

18,419

13,369

15,921

9,174

8,264

4,644

4,063

5,150

7,245

9,212

0

0

0

Net increase in loans receivable

258,119

224,241

267,979

218,509

219,885

209,928

148,859

132,668

133,184

79,949

122,255

144,845

158,121

211,515

187,342

164,447

177,013

119,561

125,064

124,957

73,206

76,931

34,770

70,234

70,845

72,001

78,418

57,274

65,005

68,106

73,811

23,258

-31,137

0

0

0

Net cash used in investing activities

-225,348

-211,607

-246,217

-217,719

-213,024

-196,365

-150,420

-126,159

-132,878

-96,744

-142,296

-157,283

-158,480

-183,505

-139,431

-120,607

-154,254

-101,774

-135,111

-158,531

-103,662

-123,238

-59,683

-76,220

-69,872

19,745

14,670

-3,830

-24,172

-117,923

-154,666

-85,145

-40,949

0

0

0

Financing Activities
Net increase in deposits and advance payments by borrowers

251,282

237,165

189,804

194,334

183,764

165,710

165,000

118,327

148,065

125,057

98,799

194,712

145,467

134,843

156,274

99,043

75,689

62,423

22,383

12,065

25,810

0

0

0

-

-

22,962

-14,959

71,318

19,461

40,046

79,839

21,314

0

0

0

Repayment of Federal Home Loan Bank advances

45,126

35,125

40,595

45,843

34,090

64,337

59,110

54,106

31,070

1,033

999

963

959

1,617

1,625

1,634

8,642

7,989

7,984

7,980

976

971

739

506

276

69,046

69,046

69,046

69,045

45

15,044

15,044

35,044

0

0

0

Proceeds from Federal Home Loan Bank advances

45,000

20,000

40,000

30,000

35,000

60,000

40,000

20,000

10,000

-10,000

20,000

20,000

45,000

75,000

45,000

55,000

47,000

27,000

27,000

17,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in securities sold under repurchase agreements

-2,742

-1,311

-3,835

-5,808

-20,278

-18,777

-17,207

-15,570

-5,797

-27,554

-28,883

-33,094

-25,372

-3,345

-1,248

-2,286

2,429

-6,251

1,782

11,332

2,840

9,267

4,895

-3,808

217

-1,169

-2,967

-1,862

-8,684

-3,486

-320

-6,127

4,139

0

0

0

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

1,488

1,942

1,850

1,850

0

0

0

Proceeds from direct stock sales

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,859

0

0

0

Cash dividends paid on common stock

15,624

14,752

14,472

13,784

13,043

12,113

11,181

10,660

9,859

9,296

8,734

8,170

7,890

7,748

7,631

7,511

7,159

6,958

6,516

6,102

5,937

5,283

4,846

4,383

3,907

3,414

2,923

2,432

1,950

0

0

0

-

-

-

-

Net cash paid for repurchase of common stock

15,147

0

0

0

-

-

0

0

-

-

-

-

6,293

9,381

13,465

13,465

8,436

9,994

10,108

14,744

15,519

12,694

8,496

3,860

1,821

0

0

0

-

-

-

-

-

-

-

-

Repayment of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,979

11,979

11,979

11,979

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

189

191

191

240

111

112

112

121

199

245

422

534

714

577

698

1,060

1,469

1,942

1,749

1,568

921

616

625

374

350

272

160

55

4

0

0

0

-

-

-

-

Proceeds from direct treasury stock sales

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

55

64

55

50

94

76

0

0

0

-

-

-

-

14

0

0

0

-

-

-

-

Net cash provided by financing activities

217,955

184,803

169,778

137,776

145,238

124,189

111,201

58,189

111,611

83,993

87,180

173,090

150,730

188,384

178,053

130,262

90,435

48,249

16,377

1,254

7,215

63,257

57,449

101,993

72,995

-13,470

-19,681

-125,266

-45,837

-24,021

2,777

55,926

7,977

0

0

0

Increase (decrease) in cash and cash equivalents

32,292

12,468

-23,288

-26,049

-14,731

-25,205

-5,056

-31,432

14,690

19,934

-18,605

46,213

19,234

31,489

64,960

42,313

-33,167

-23,346

-90,660

-129,711

-66,382

-30,975

28,503

54,841

42,486

35,223

24,226

-93,540

-38,099

-97,828

-110,300

14,565

5,767

0

0

0

Supplemental cash flow information:
Interest paid

25,348

23,322

21,108

18,631

16,198

14,540

13,160

12,234

11,382

10,396

9,518

8,789

8,370

7,976

7,521

7,076

6,764

6,576

6,465

6,472

6,557

6,672

6,732

6,918

7,179

7,864

9,124

10,618

12,251

13,634

14,776

15,973

17,464

0

0

0

Income taxes paid

11,200

8,350

6,900

7,950

7,950

10,400

12,800

14,350

14,350

13,700

13,600

12,400

12,700

12,600

10,700

10,300

10,000

10,200

10,500

8,950

8,950

8,250

8,450

7,400

10,500

11,500

9,700

7,100

4,000

2,475

4,175

4,875

4,875

0

0

0

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

337

146

357

593

1,141

1,518

1,326

1,140

705

385

461

433

583

628

533

703

974

1,858

2,236

2,410

2,357

2,380

2,254

5,153

5,836

6,457

6,652

5,095

4,048

2,659

2,955

3,099

4,614

0

0

0

Sale of bank owned life insurance not yet settled

-

-

-

-

-

-

-

-

17,840

17,840

17,840

17,840

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from loans held for sale to loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,596

0

0

0

Securities traded but not yet settled

-

-

-

-

-

-

-

-

548

-578

0

1,496

357

935

357

529

0

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Initial recognition of right-of-use asset

8,808

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of lease liability

9,339

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-