Flushing Financial Corporation FFIC Cash Flow

Flushing financial corporation (FFIC)

CashFlow / Quarterly

Mar'20	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 (loss) income
-1,390	12,931	10,724	10,556	7,068	12,422	17,333	13,923	11,412	5,957	10,179	12,725	12,260	14,286	10,634	30,435	9,561	11,634	11,008	14,834	8,733	11,057	11,201	11,685	10,296	11,948	9,421	9,627	6,756	9,200	9,365	8,637	7,129	8,171	10,150	9,074	7,953
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
7,178	-318	683	1,474	972	422	0	0	153	6,595	3,266	0	0	-	-	-	-	664	-370	-516	-734	-3,192	-618	-1,092	-1,119	1,000	3,435	3,500	6,000	5,000	5,000	5,000	6,000	6,500	5,000	5,000	5,000
Depreciation and amortization of bank premises and equipment
1,536	1,476	1,439	1,497	1,518	1,464	1,484	1,455	1,389	1,339	1,173	1,155	1,165	1,187	1,169	1,062	1,032	1,051	993	867	668	691	690	717	715	715	737	734	767	778	810	785	834	848	792	779	766
Amortization of premium, net of accretion of discount
-1,642	-2,178	-2,101	-1,559	-1,272	-1,684	-1,999	-2,445	-2,018	-1,793	-2,059	-1,754	-1,903	-2,109	-2,245	-1,910	-2,189	-2,182	-2,357	-2,304	-2,143	-1,959	-1,751	-1,761	-1,821	-1,844	-1,994	-1,976	-1,774	-1,750	-1,683	-1,649	-1,561	-1,705	-1,372	-1,372	-1,423
Net loss from fair value adjustments
-5,993	807	-2,124	-1,956	-2,080	-3,585	-170	-267	-100	-631	-1,297	-1,159	-378	-509	-823	-1,115	-987	-920	-1,094	768	-595	-1,048	-474	-402	-644	-1,900	-190	-308	-123	240	825	-562	-448	695	2,085	-165	-655
Net loss from fair value adjustments on qualifying hedges
2,073	4,394	-1,262	-2,092	637	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain from sale of loans
42	489	204	114	63	0	10	421	-263	207	152	34	210	-	-	-	-	67	306	47	2	-	-	-	-	140	1	152	-9	-	-	-	-	-	-	-	-
Net loss from sale of securities
-37	0	0	-15	0	-	-	-	-	-	-	-	-	-839	0	2,022	341	-	-	-	-	-	-	-	-	49	96	18	2,858	-	-	-	-	-	-	-	-
Net loss from OREO
-31	0	0	0	0	-	-	-	-	0	0	0	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTTI charge recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	652	0	926
Income from bank owned life insurance
943	984	1,000	810	740	779	782	776	762	809	816	807	795	701	707	694	695	723	725	715	717	757	762	755	776	844	853	841	825	702	703	689	696	702	705	695	667
Life insurance proceeds
0	419	0	0	43	0	2,222	0	776	0	238	6	1,161	2	47	0	411	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
3,430	1,146	1,371	1,315	3,931	1,043	1,293	1,228	3,452	898	902	1,105	3,085	1,715	496	684	2,989	623	579	865	2,778	671	457	554	2,581	496	516	407	1,993	396	645	801	1,418	585	438	496	1,167
Deferred compensation
-1,296	-552	-892	-696	-938	-611	-635	-577	-1,238	-832	-1,392	-499	-1,431	-893	-511	-855	-1,774	-793	-764	-612	-1,392	-269	-759	-294	-1,192	-380	99	-86	-423	83	135	2	-306	117	151	141	103
Amortization of core deposit intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	117	117	117	118	117	117	117	117	117	117	117
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	242	49	118	303	107	87	62	318	89	9	73	675	104	15	79	245	-414	33	-28	106	32	55	125	80
Deferred income tax (benefit) expense
-2,318	-118	-2,387	-2,195	805	-1,227	-1,022	-765	350	10,541	-2,811	-1,496	2,501	-312	-1,311	-1,487	1,570	-186	-1,169	-5,780	1,925	1,598	-189	-180	2,925	-830	0	-756	904	-212	-107	-1,198	713	1,020	233	-693	125
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,360	-927	-	-988	-1,007	-946	-	-944	-842	-1,337
Decrease in other liabilities
-7,106	-623	4,186	3,909	-3,737	396	5,740	958	-118	-749	6,806	-2,705	2,709	2,076	-8,422	18,108	-2,006	2,429	1,726	5,109	-4,403	-6,253	3,615	4,696	-2,748	2,719	959	5,218	2,089	2,662	-2,079	5,812	-1,676	573	-4,084	2,718	-3,562
Decrease (increase) in other assets
-2,440	953	316	-2,917	942	1,279	644	-3,702	955	-5,273	47	-4,293	4,314	-109	-966	-59	-3,798	7,049	3,309	-2,038	-3,336	-6,471	-150	428	-1,917	628	1,354	2,432	-3,004	5,659	-5,797	4,373	-540	2,395	-8,301	5,136	2,408
Net cash provided by operating activities
11,265	11,428	19,091	21,431	11,820	17,899	22,704	21,412	15,288	30,430	20,412	16,644	16,040	4,988	5,875	14,936	16,596	10,278	10,924	10,916	12,612	15,209	10,785	16,993	14,389	17,872	16,065	20,386	20,112	14,653	20,645	18,877	16,922	17,082	20,728	14,055	12,855
Purchases of bank premises and equipment
759	2,031	962	322	898	1,988	755	799	1,867	4,113	2,970	1,721	630	2,496	2,699	920	540	1,156	2,092	2,612	5,229	2,909	561	513	342	340	88	98	283	384	198	238	470	2,072	1,214	521	754
Net (purchases) redemptions of Federal Home Loan Bank of New York shares
17,079	-8,359	2,251	11,847	-6,100	2,340	-2,442	3,339	-6,044	4,861	-11,402	9,246	-1,789	-6,012	-2,010	13,827	-2,698	2,675	3,465	-562	3,564	1,148	-5,631	6,709	-1,327	22	-1,417	8,734	-3,651	7,335	-1,845	4,626	1,976	-582	-3,200	4,104	-1,683
Purchases of securities held-to-maturity
0	0	0	29,850	180	2,000	300	0	353	1,000	0	8,030	0	4,500	8,000	25,375	2,330	2,000	0	3,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and calls of securities held-to-maturity
180	-	0	0	1,568	-	-	-	-	-	1,500	12,000	1,330	-	3,000	3,475	2,000	2,040	1,000	390	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from prepayments of securities held-to-maturity
150	149	144	144	146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
63,434	4,385	69,304	26,764	45,730	202,303	45,491	24,619	32,646	9,818	111,480	60	40,581	79,508	-1,937	3,143	58,472	19,369	156,358	89,133	48,962	30,645	61,314	22,594	48,277	78,270	76,632	132,676	171,018	47,146	39,078	102,918	122,512	36,171	2,108	84,805	34,657
Proceeds from sales and calls of securities available for sale
64,600	0	6,000	46,198	13,295	118,474	0	0	10,000	38,800	128,499	27,500	0	-	-	-	-	-	-	-	-	12,966	100,457	0	1,871	81,123	5,972	10,518	96,396	-	-	-	-	-	-	-	-
Proceeds from maturities and prepayments of securities available for sale
40,383	56,456	44,860	26,569	16,788	16,129	16,924	19,972	20,943	15,657	22,412	19,470	18,691	32,669	31,973	32,540	21,316	21,364	30,865	30,849	31,019	34,496	30,106	26,820	20,715	25,641	48,179	38,106	37,461	49,583	38,929	43,251	39,035	51,105	35,133	30,254	38,108
Proceeds from bank owned life insurance
0	2,294	0	0	777	0	3,424	0	2,741	638	735	3,260	651	196	0	-1	2,237	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (originations) repayments of loans
55,906	-8,860	32,401	-6,369	-16,372	114,956	-85,025	-2,314	83,734	-8,778	32,789	71,674	129,764	56,940	50,367	106,303	53,836	138,729	80,493	23,473	59,071	48,458	108,669	33,458	57,488	34,955	124,290	81,763	-4,426	62,897	-22,485	18,096	19,871	6,780	18,593	-32,750	-5,396
Purchases of loans
77,233	27,519	78,153	58,555	56,995	47,510	125,053	41,322	68,818	120,624	17,401	42,810	15,621	48,723	0	125,994	12,000	62,595	90,263	14,774	111,296	146,083	10,893	1,235	11,649	9,737	0	0	452	0	0	0	3,456	4,598	0	1,900	12,555
Proceeds from sale of loans
580	7,930	3,948	2,069	1,170	0	4,210	7,736	2,464	1,354	33,415	16,385	5,190	0	3,139	2,445	5,915	5,889	5,335	3,506	1,522	8,525	0	1,908	5,424	10,464	4,326	12,725	8,166	11,131	16,598	7,403	9,091	11,200	8,851	4,608	3,158
Proceeds from sale of OREO, net
-	-	-	-	-	-	-	-	-	0	0	0	583	2,184	0	0	853	0	115	476	1,594	831	258	972	1,062	1,355	574	1,041	1,793	-36	32	605	624	3,211	327	361	154
Net cash used in investing activities
-108,518	51,113	-128,119	-70,176	-47,587	-234,167	-59,255	-39,347	-145,226	-74,149	33,323	-54,926	-158,362	-75,291	-19,007	-135,775	-92,159	-197,231	-157,237	-52,061	-193,987	-172,425	-44,985	-34,809	-87,357	-4,741	-140,542	-160,881	-19,860	-71,303	47,469	-74,619	-99,535	11,921	33,596	-23,357	533
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in non-interest bearing deposits
54,126	13,286	7,973	12,749	-12,683	15,141	10,139	10,606	-7,408	22,760	13,207	5,274	10,865	13,103	2,948	36,662	10,981	12,273	-379	7,491	-5,750	-47,011	123,907	-22,009	3,604	16,682	6,708	13,719	4,445	6,951	9,328	8,082	12,921	7,332	2,063	4,540	8,374
Net (decrease) increase in interest-bearing deposits
-247,777	96,183	78,755	-197,186	106,788	243,034	88,515	-87,665	302,438	-72,989	163,923	-140,842	172,471	159,655	94,064	-148,818	140,370	160,484	28,440	94,397	84,816	197,626	-44	-82,171	98,091	-15,257	161,610	-44,338	72,700	-98,776	-36,174	-36,500	-743	-8,003	25,399	-107,376	19,648
Net increase in mortgagors' escrow deposits
-28,676	17,428	-9,602	17,914	-25,254	13,806	-7,886	15,198	-23,373	11,065	-12,368	20,525	-21,612	9,060	-3,371	10,707	-19,768	7,856	-770	9,971	-18,222	5,817	-509	7,883	-16,072	8,266	-259	5,780	-14,025	3,305	15	5,363	-11,457	3,468	-611	7,184	-12,512
Net proceeds from short-term borrowed funds
410,000	-100,000	-50,000	250,000	-84,250	50,000	41,750	84,000	-10,500	135,500	-110,000	135,000	-68,500	28,500	-65,000	305,000	-90,000	-15,000	10,000	-6,500	41,500	5,500	-84,000	138,500	-29,500	-59,500	-81,000	159,500	-121,500	113,000	-41,740	2,240	58,500	-	-	-	-
Proceeds from long-term borrowings
50,000	40,050	170,000	14,950	0	-	-	-	-	50,000	6,934	93,066	80,000	100,000	50,000	68,242	81,758	85,000	152,004	25,290	47,706	-	-	-	-	70,000	49,509	39,566	110,271	50,000	0	115,104	47,414	-	-	-	-
Repayment of long-term borrowings
80,456	125,801	69,991	10,000	51,310	14,000	96,004	36,290	123,794	77,489	123,000	30,795	51,254	302,100	69,664	118,910	71,727	35,551	40,000	40,000	10,000	-	-	-	-	20,000	10,000	9,999	69,912	0	0	18,000	62,000	12,927	169,733	27,993	47,423
Purchases of treasury stock
3,835	0	771	8	1,877	947	7,749	5,926	7,963	6,388	303	331	2,268	756	17	7,200	1,885	1	2,114	9,614	3,876	5,067	10,520	1,626	1,659	87	701	12,409	954	2,596	732	571	1,652	3,214	4,134	165	209
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	242	49	118	303	107	87	62	318	89	9	73	675	104	15	79	245	-414	33	-28	106	32	55	125	80
Proceeds from issuance of common stock upon exercise of stock options
0	0	0	0	3	-	-	-	-	-	-	-	-	196	5	108	19	3	0	142	0	53	83	86	343	221	77	213	22	49	22	570	244	1	23	1,491	525
Cash dividends paid
6,084	6,033	6,035	6,039	6,042	5,683	5,697	5,752	5,795	5,225	5,242	5,241	5,246	4,902	4,909	4,908	4,970	4,617	4,620	4,657	4,722	4,391	4,446	4,502	4,513	3,871	3,868	3,906	3,973	3,932	3,954	3,966	3,965	3,937	3,963	4,015	3,995
Net cash provided by (used in) financing activities
204,650	-99,743	139,533	46,552	-24,117	289,735	38,840	-31,219	170,351	35,104	-42,113	35,606	157,680	58,280	10,847	119,587	84,617	194,842	144,188	56,640	168,214	160,982	27,717	11,168	83,113	-19,974	122,609	136,645	5,369	60,977	-73,232	61,568	62,282	-24,184	-35,206	-9,603	-10,488
Net increase (decrease) in cash and cash equivalents
107,397	-37,202	30,505	-2,193	-59,884	73,467	2,289	-49,154	40,413	-8,615	11,622	-2,676	15,358	-12,023	-2,285	-1,252	9,054	7,889	-2,125	15,495	-13,161	3,766	-6,483	-6,648	10,145	-6,843	-1,868	-3,850	5,621	4,327	-5,118	5,826	-20,331	4,819	19,118	-18,905	2,900
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid
25,617	30,270	29,229	30,287	25,830	27,301	21,515	21,063	15,233	17,325	14,703	15,349	12,491	13,963	11,542	15,329	12,921	12,629	12,253	11,637	11,948	11,591	17,202	12,526	12,646	12,658	12,625	12,667	15,652	14,003	15,486	15,884	16,995	17,487	19,217	19,467	19,743
Income taxes paid
1,094	6,838	5,755	1,635	1,141	1,500	2,013	2,000	1,103	6,993	6,260	9,646	1,000	8,203	19,340	8,270	1,000	6,056	10,297	14,625	1,596	6,759	5,948	7,556	4,680	9,393	1,264	9,151	1,581	6,427	3,947	6,355	5,218	3,583	5,678	11,290	2,366
Taxes paid if excess tax benefits were not tax deductible
868	6,880	5,780	1,671	1,072	1,492	2,014	2,048	1,691	8,544	7,497	7,215	2,194	8,445	19,389	8,388	1,303	6,163	10,384	14,687	1,914	6,848	5,957	7,629	5,355	9,497	1,279	9,230	1,826	6,013	3,980	6,327	5,324	3,615	5,733	11,415	2,446
Non-cash activities:
Securities purchased not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,375	-	-22,037	12,160	9,877	-	-	-	1,000	-	-	-	7,682	-	-	-	-	-	-	-	-
Securities purchased not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,308	-	-	-	-	-	-	-	-
Loans transferred to other real estate owned
-	-	-	-	-	0	0	-71	744	-	0	0	0	153	0	-47	533	79	816	289	483	1,363	5,094	540	115	826	1,785	2,079	679	2,586	1,909	339	1,293	2,536	2,889	881	980
Loans provided for the sale of Other Real Estate Owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	105	0	175	0	404	0	308	0	428	495	2,088	464	218	1,207	221	310	0	1,101	244
Right-Of-Use assets
0	-	-	-	42,869	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new operating lease liabilities
23	-	-	-	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
0	-	-	-	51,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings [Member]
Net income
-	-	-	-	-	-	-	-	11,412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of the Income tax effects of Tax Cuts and Jobs Act from AOCI to Retained Earnings
-	-	-	-	-	-	0	0	2,073	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-