Flushing financial corporation (FFIC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net (loss) income

41,279

55,090

41,121

64,916

46,209

44,239

37,752

34,331

35,348

38,835

25,561

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

2,811

575

9,861

-

-956

-6,021

13,935

21,000

21,500

21,000

19,500

Depreciation and amortization of bank premises and equipment

5,930

5,792

4,832

4,450

3,579

2,813

2,953

3,207

3,185

2,795

2,663

Net gain on sales of assets

770

1,141

0

48,018

6,537

0

-

-

-

-

-

Amortization of premium, net of accretion of discount

-7,110

-8,146

-7,509

-8,453

-8,986

-7,292

-7,588

-6,643

-5,872

-5,212

-4,393

Net loss from fair value adjustments

-5,353

-4,122

-3,465

-3,434

-1,841

-2,568

-2,521

55

1,960

47

4,968

Net loss from fair value adjustments on qualifying hedges

1,677

0

0

-

-

-

-

-

-

-

-

Origination of loans held for sale

-

-

-

-

-

-

-

-

3,865

-

2,005

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

4,208

-

2,213

Net loss (gain) on sales of loans held for sale

-

-

-

-

-

-

-108

-9

343

-

208

Net gain from sale of loans

870

168

603

584

422

67

284

31

168

17

4

Net loss from sale of securities

-15

-1,920

-186

1,524

167

2,875

3,021

47

-

-10

1,401

Net loss from OREO

0

27

50

-238

300

-

-

-

-

-

-

OTTI charge recognized in earnings

-

-

-

-

-

-

1,419

776

1,578

2,045

5,894

Income from bank owned life insurance

3,534

3,099

3,227

2,797

2,880

3,050

3,363

2,790

2,769

2,638

2,476

Life insurance proceeds

462

2,998

1,405

460

0

0

-

-

-

-

-

Stock-based compensation expense

7,763

7,016

5,990

5,884

4,845

4,263

3,412

3,260

2,686

2,249

2,067

Deferred compensation

-3,078

-3,061

-4,154

-4,033

-3,561

-2,514

-790

-86

512

244

1

Amortization of core deposit intangibles

-

-

-

-

-

-

468

469

468

469

468

Excess tax benefits from stock-based payment arrangements

-

-

-

712

574

846

443

-303

292

12

-184

Deferred income tax (benefit) expense

-3,895

-2,664

8,735

-1,540

-5,210

4,154

-682

-804

685

-8,041

7,872

Decrease in other liabilities

3,735

6,976

6,061

9,756

4,861

-690

10,985

4,719

-4,355

4,913

-4,253

Net decrease in prepaid FDIC assessment

-

-

-

-

-

-

-3,287

-3,888

-4,068

-4,572

15,815

Decrease (increase) in other assets

-706

-824

-5,205

-4,932

4,984

-8,110

1,410

3,695

1,638

4,402

11,662

Net cash provided by operating activities

63,770

77,303

83,526

42,395

44,730

57,376

74,435

71,097

64,720

67,187

28,024

Purchases of bank premises and equipment

4,213

5,409

9,434

6,655

11,089

4,325

809

1,290

4,561

3,006

2,687

Net (purchases) redemptions of Federal Home Loan Bank of New York shares

-361

-2,807

916

3,107

9,142

899

3,688

12,092

-1,361

-14,362

-1,697

Purchases of securities held-to-maturity

30,030

2,653

9,030

40,205

5,100

0

-

-

-

-

-

Proceeds from maturities and calls of securities held-to-maturity

-

-

-

-

3,430

0

-

-

-

-

-

Proceeds from calls of securities held-to-maturity

2,568

1,130

15,870

8,515

-

-

-

-

-

-

-

Proceeds from prepayments of securities held-to-maturity

583

377

0

-

-

-

-

-

-

-

-

Purchases of securities available for sale

146,183

305,059

161,939

139,186

313,822

162,830

458,596

311,654

157,741

397,909

189,017

Proceeds from sales and calls of securities available for sale

65,493

128,474

194,799

143,819

163,158

115,294

194,009

12,637

8,000

91,788

61,784

Proceeds from maturities and prepayments of securities available for sale

144,673

73,968

76,230

118,498

114,097

112,137

149,387

170,798

154,600

188,700

207,601

Proceeds from sale of assets

813

1,184

0

49,284

20,209

0

-

-

-

-

-

Purchase of bank owned life insurance

25,000

0

0

16,000

0

0

-

20,000

4,556

4,260

9,256

Proceeds from bank owned life insurance

3,071

6,165

5,284

2,432

0

0

-

-

-

-

-

Net (originations) repayments of loans

800

111,351

225,449

267,446

301,766

248,073

236,582

78,379

-12,773

67,047

225,999

Purchases of loans

221,222

282,703

196,456

186,717

278,928

169,860

10,189

3,456

19,053

14,675

43,264

Proceeds from sale of loans

15,117

14,410

56,344

11,499

16,252

15,857

35,681

44,223

27,817

8,845

6,233

Proceeds from sale of OREO, net

0

665

583

3,037

2,185

3,123

4,763

1,225

4,053

2,283

114

Net cash used in investing activities

-194,769

-477,995

-254,114

-322,232

-600,516

-339,576

-326,024

-197,988

22,693

-180,919

-192,794

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in non-interest bearing deposits

21,325

28,478

52,106

63,694

13,635

58,491

41,554

37,282

22,309

4,822

21,752

Net (decrease) increase in interest-bearing deposits

84,540

546,322

122,563

245,271

368,137

213,502

174,715

-172,193

-70,332

491,035

206,038

Net increase in mortgagors' escrow deposits

486

-2,255

-2,390

-3,372

-1,165

-2,881

-238

-2,774

-2,471

-524

4,434

Net proceeds from short-term borrowed funds

15,750

165,250

92,000

178,500

30,000

30,500

-102,500

132,000

-

-127,000

98,700

Proceeds from long-term borrowings

225,000

40,996

230,000

300,000

310,000

180,000

269,346

212,518

245,447

50,470

79,911

Repayment of long-term borrowings

257,102

270,088

282,538

562,401

125,551

167,081

109,911

80,000

258,076

271,091

255,035

Issuance of subordinated debentures, net of issuance costs of $1,598

-

-

-

73,402

0

0

-

-

-

-

-

Purchases of treasury stock

2,656

22,585

9,290

9,858

15,605

18,872

14,151

5,551

7,722

347

231

Excess tax benefits from stock-based payment arrangements

-

-

-

712

574

846

443

-303

292

12

-184

Proceeds from issuance of common stock upon exercise of stock options

3

6

-

328

145

565

533

885

2,040

458

627

Net proceeds from issuance of common shares

-

-

-

-

-

-

-

-

-

-

101,537

Net repayment from redemption of preferred stock and common stock warrant

-

-

-

-

-

-

-

-

-

-

-70,900

Cash dividends paid

24,149

22,927

20,954

19,689

18,616

17,852

15,618

15,817

15,910

15,788

14,989

Net cash provided by (used in) financing activities

62,225

467,707

186,277

273,331

563,884

282,980

244,649

111,595

-79,481

133,095

162,792

Net increase (decrease) in cash and cash equivalents

-68,774

67,015

15,689

-6,506

8,098

780

-6,940

-15,296

7,932

19,363

-1,978

SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid

115,616

85,112

59,868

53,755

48,467

53,965

53,602

62,368

75,914

91,943

116,124

Income taxes paid

15,369

6,616

23,899

36,813

32,574

24,943

21,389

21,947

22,917

26,770

9,630

Taxes paid if excess tax benefits were not tax deductible

15,403

7,245

25,450

37,525

33,148

25,789

21,832

21,644

23,209

26,782

9,446

Non-cash activities:
Securities purchased not yet settled

-

-

-

-

-

-

-

-

-

-

5,804

Securities transferred from available for sale to held-to-maturity

-

-

-

-

4,510

0

-

-

-

-

-

Loans transferred to other real estate owned

239

673

-

639

1,667

7,112

5,369

6,127

7,286

4,813

2,612

Loans provided for the sale of Other Real Estate Owned

-

-

-

-

280

712

3,011

2,110

1,655

3,037

325

Loans held for investment transferred to loans held for sale

-

-

30,565

-

300

1,150

13,008

12,200

-

-

-

Securities transferred to other assets

-

-

7,000

-

0

-

-

-

-

-

-

Right-Of-Use assets

42,869

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for new operating lease liabilities

1,576

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

51,780

-

-

-

-

-

-

-

-

-

-

Reclassification of the income tax effects of Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings

-

2,073

-

-

-

-

-

-

-

-

-

Loans held for investment transferred to loans available for sale

-

-

-

-

-

-

2,214

400

-

-

-