| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net Income (Loss) | ||||||||||
13,348 | 17,340 | 14,905 | 1,043 | 25,865 | 33,333 | 34,407 | 32,748 | 29,123 | 20,683 | 8,373 |
Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities: | ||||||||||
Provision for loan losses | ||||||||||
59,695 | 39,207 | 32,355 | 67,562 | -36,887 | -32,622 | -27,623 | 22,484 | 19,008 | 20,907 | 29,302 |
Depreciation and amortization | ||||||||||
4,906 | 4,631 | 4,268 | 3,709 | -3,318 | -3,156 | -2,910 | -2,716 | -2,586 | 2,465 | 2,577 |
Provision for deferred income taxes | ||||||||||
444 | 522 | -2,445 | -650 | -1,037 | -41 | -145 | -252 | -24 | -272 | 15 |
Earnings in equity method investment | ||||||||||
0 | 0 | 739 | 1,212 | 1,070 | -847 | -211 | - | - | - | - |
Equipment and amortization on securities | ||||||||||
425 | 321 | -364 | 591 | -768 | -1,101 | -1,004 | 1,126 | 564 | 379 | 314 |
Decrease (increase) in miscellaneous other assets | ||||||||||
1,758 | -333 | 1,887 | -1,066 | -1,836 | 421 | -1,561 | -433 | -280 | -1,008 | -198 |
Decrease in other liablities | ||||||||||
-2,051 | -96 | 8,036 | -5,056 | 149 | -1,011 | 333 | -1,961 | 736 | -3,288 | -285 |
Net Cash Provided by (Used in) Operating Activities | ||||||||||
74,159 | 61,617 | 54,858 | 67,054 | 66,962 | 70,840 | 63,985 | 60,856 | 50,289 | 46,988 | 41,066 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Loans originated or purchased | ||||||||||
540,426 | 510,440 | 443,896 | 384,978 | 387,639 | 351,600 | 334,922 | 300,909 | 268,764 | 241,803 | 214,933 |
Loan liquidations | ||||||||||
407,678 | 374,784 | 349,066 | 340,621 | 332,703 | 300,064 | 281,446 | 252,810 | 226,770 | 205,015 | 192,118 |
Purchases of securities, available for sale | ||||||||||
3,265 | 32,488 | 36,224 | 40,361 | 20,649 | 30,969 | 38,947 | 28,596 | 17,503 | 9,969 | 2,428 |
Redemption of equity fund investment | ||||||||||
0 | 0 | -26,940 | 0 | - | 15,000 | 10,000 | - | - | - | - |
Increase (decrease) in restricted cash | ||||||||||
- | - | - | - | 8,262 | 98 | -3,702 | -891 | 1,789 | 711 | 700 |
Redemptions of securities, held ot maturity | ||||||||||
- | - | - | - | - | - | - | - | - | - | -3,790 |
Purchase of joint venture interest | ||||||||||
- | - | - | - | - | - | - | - | - | - | 27 |
Fixed asset additions, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 997 |
Sales of securities, available for sale | ||||||||||
14,873 | 12,621 | 0 | 344 | 797 | - | 4,199 | 265 | 2,267 | - | - |
Purchases of securities, held to maturity | ||||||||||
- | - | - | - | - | - | - | - | 28,785 | 4,659 | - |
Sales of securities, held to maturity | ||||||||||
- | - | - | - | - | - | - | - | 817 | - | - |
Redemptions of securities, available for sale | ||||||||||
9,145 | 5,350 | 7,085 | 9,140 | 9,200 | 11,895 | 12,880 | 7,528 | 11,100 | 6,189 | -8,490 |
Redemptions of securities, held to maturity | ||||||||||
400 | 4,155 | 6,680 | 4,715 | 5,340 | 6,455 | 2,975 | 3,060 | 2,695 | 3,065 | - |
Capital expenditures | ||||||||||
5,047 | 4,489 | 5,972 | 7,824 | 3,045 | 4,487 | 2,715 | 2,516 | 5,565 | 1,430 | - |
Proceeds from sale of equipment | ||||||||||
132 | 94 | 160 | 120 | 37 | 84 | 45 | 64 | 554 | 130 | 53 |
Net Cash Provided by (Used in) Investing Activities | ||||||||||
-116,510 | -150,412 | -96,160 | -78,222 | -71,518 | -83,657 | -81,336 | -67,401 | -78,203 | -44,172 | -14,636 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Net increase (decrease) in senior demand notes outstanding | ||||||||||
-2,910 | -1,520 | 1,348 | 2,166 | 12,470 | 4,475 | 4,022 | 3,425 | 6,214 | -816 | -132 |
Advances on credit line | ||||||||||
189,428 | 79,445 | 543 | 532 | 531 | 531 | 531 | 532 | 4,308 | 11,240 | 90,246 |
Payments on credit line | ||||||||||
131,258 | 26,265 | 543 | 532 | 531 | 531 | 531 | 532 | 5,208 | 26,544 | 96,309 |
Commercial paper issued | ||||||||||
76,624 | 63,064 | 48,097 | 54,659 | 67,964 | 65,587 | 61,559 | 55,411 | 51,932 | 53,169 | 396,342 |
Commercial paper redeemed | ||||||||||
46,936 | 44,173 | 29,809 | 35,522 | 27,132 | 42,891 | 33,460 | 26,745 | 21,938 | 15,405 | 372,970 |
Subordinated debt securities issued | ||||||||||
6,677 | 5,703 | 6,753 | 6,495 | 8,164 | 7,210 | 8,645 | 8,740 | 10,518 | 12,182 | 11,623 |
Subordinated debt securities redeemed | ||||||||||
7,943 | 8,920 | 8,113 | 7,652 | 9,886 | 9,862 | 11,185 | 12,692 | 23,427 | 27,286 | 23,344 |
Dividends / Distributions | ||||||||||
2,719 | 2,796 | 146 | 8,650 | 10,302 | 23,375 | 14,017 | 9,761 | -8,835 | -4,941 | -8,758 |
Net Cash Provided by (Used in) Financing Activities | ||||||||||
86,783 | 67,577 | 15,433 | 11,495 | 41,278 | 1,143 | 15,564 | 18,379 | 13,563 | 1,597 | -3,302 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||
44,432 | -21,217 | -25,868 | 327 | 36,722 | -11,673 | -1,786 | 11,834 | -14,350 | 4,413 | 23,127 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||||||
Cash paid during the period for Interest | ||||||||||
19,156 | 13,626 | 12,846 | 13,513 | 12,874 | 11,881 | 11,537 | 11,333 | 11,710 | 12,519 | 13,607 |
Income Taxes | ||||||||||
3,346 | 2,235 | 5,696 | 6,134 | 3,768 | 4,304 | 3,857 | 3,617 | 3,082 | 2,488 | 2,663 |
SUPPLEMENTAL DISCLOSURES FOR NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||||||
Adoption of Lease Accounting Standard ASU 2016-02 | ||||||||||
29,781 | 0 | 0 | - | - | - | - | - | - | - | - |
Adoption of CECL Accounting Standard ASU 2016-13 | ||||||||||
0 | 341 | 0 | 723 | 533 | - | 2,830 | 811 | - | - | - |
Cash paid during the period for assets assumed | ||||||||||
- | - | - | - | - | - | - | - | - | - | 289 |