Flushing Financial Corporation FFIC Cash Flow

Flushing financial corporation (FFIC)

CashFlow / TTM

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
32,821	41,279	40,770	47,379	50,746	55,090	48,625	41,471	40,273	41,121	49,450	49,905	67,615	64,916	62,264	62,638	47,037	46,209	45,632	45,825	42,676	44,239	45,130	43,350	41,292	37,752	35,004	34,948	33,958	34,331	33,302	34,087	34,524	35,348	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
9,017	2,811	3,551	2,868	1,394	575	6,748	10,014	10,014	9,861	0	0	0	-	-	-	-	-956	-4,812	-5,060	-5,636	-6,021	-1,829	2,224	6,816	13,935	17,935	19,500	21,000	21,000	22,500	22,500	22,500	21,500	0	0	0
Depreciation and amortization of bank premises and equipment
5,948	5,930	5,918	5,963	5,921	5,792	5,667	5,356	5,056	4,832	4,680	4,676	4,583	4,450	4,314	4,138	3,943	3,579	3,219	2,916	2,766	2,813	2,837	2,884	2,901	2,953	3,016	3,089	3,140	3,207	3,277	3,259	3,253	3,185	0	0	0
Amortization of premium, net of accretion of discount
-7,480	-7,110	-6,616	-6,514	-7,400	-8,146	-8,255	-8,315	-7,624	-7,509	-7,825	-8,011	-8,167	-8,453	-8,526	-8,638	-9,032	-8,986	-8,763	-8,157	-7,614	-7,292	-7,177	-7,420	-7,635	-7,588	-7,494	-7,183	-6,856	-6,643	-6,598	-6,287	-6,010	-5,872	0	0	0
Net loss from fair value adjustments
-9,266	-5,353	-9,745	-7,791	-6,102	-4,122	-1,168	-2,295	-3,187	-3,465	-3,343	-2,869	-2,825	-3,434	-3,845	-4,116	-2,233	-1,841	-1,969	-1,349	-2,519	-2,568	-3,420	-3,136	-3,042	-2,521	-381	634	380	55	510	1,770	2,167	1,960	0	0	0
Net loss from fair value adjustments on qualifying hedges
3,113	1,677	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain from sale of loans
849	870	381	187	494	168	375	517	130	603	0	0	0	-	-	-	-	422	0	0	0	-	-	-	-	284	0	0	0	-	-	-	-	-	-	-	-
Net loss from sale of securities
-52	-15	0	0	0	-	-	-	-	-	-	-	-	1,524	0	0	0	-	-	-	-	-	-	-	-	3,021	0	0	0	-	-	-	-	-	-	-	-
Net loss from OREO
-31	0	0	0	0	-	-	-	-	50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTTI charge recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,578	0	0	0
Income from bank owned life insurance
3,737	3,534	3,329	3,111	3,077	3,099	3,129	3,163	3,194	3,227	3,119	3,010	2,897	2,797	2,819	2,837	2,858	2,880	2,914	2,951	2,991	3,050	3,137	3,228	3,314	3,363	3,221	3,071	2,919	2,790	2,790	2,792	2,798	2,769	0	0	0
Life insurance proceeds
419	462	43	2,265	2,265	2,998	2,998	1,014	1,020	1,405	1,407	1,216	1,210	460	458	411	411	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
7,262	7,763	7,660	7,582	7,495	7,016	6,871	6,480	6,357	5,990	6,807	6,401	5,980	5,884	4,792	4,875	5,056	4,845	4,893	4,771	4,460	4,263	4,088	4,147	4,000	3,412	3,312	3,441	3,835	3,260	3,449	3,242	2,937	2,686	0	0	0
Deferred compensation
-3,436	-3,078	-3,137	-2,880	-2,761	-3,061	-3,282	-4,039	-3,961	-4,154	-4,215	-3,334	-3,690	-4,033	-3,933	-4,186	-3,943	-3,561	-3,037	-3,032	-2,714	-2,514	-2,625	-1,767	-1,559	-790	-327	-291	-203	-86	-52	-36	103	512	0	0	0
Amortization of core deposit intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	468	469	469	469	469	468	468	468	468	0	0	0
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	712	577	615	559	574	556	478	489	846	861	867	873	443	-75	-57	-164	-303	143	165	318	292	0	0	0
Deferred income tax (benefit) expense
-7,018	-3,895	-5,004	-3,639	-2,209	-2,664	9,104	7,315	6,584	8,735	-2,118	-618	-609	-1,540	-1,414	-1,272	-5,565	-5,210	-3,426	-2,446	3,154	4,154	1,726	1,915	1,339	-682	-64	-171	-613	-804	428	768	1,273	685	0	0	0
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Decrease in other liabilities
366	3,735	4,754	6,308	3,357	6,976	5,831	6,897	3,234	6,061	8,886	-6,342	14,471	9,756	10,109	20,257	7,258	4,861	-3,821	-1,932	-2,345	-690	8,282	5,626	6,148	10,985	10,928	7,890	8,484	4,719	2,630	625	-2,469	-4,355	0	0	0
Decrease (increase) in other assets
-4,088	-706	-380	-52	-837	-824	-7,376	-7,973	-8,564	-5,205	-41	-1,054	3,180	-4,932	2,226	6,501	4,522	4,984	-8,536	-11,995	-9,529	-8,110	-1,011	493	2,497	1,410	6,441	-710	1,231	3,695	431	-2,073	-1,310	1,638	0	0	0
Net cash provided by operating activities
63,215	63,770	70,241	73,854	73,835	77,303	89,834	87,542	82,774	83,526	58,084	43,547	41,839	42,395	47,685	52,734	48,714	44,730	49,661	49,522	55,599	57,376	60,039	65,319	68,712	74,435	71,216	75,796	74,287	71,097	73,526	73,609	68,787	64,720	0	0	0
Purchases of bank premises and equipment
4,074	4,213	4,170	3,963	4,440	5,409	7,534	9,749	10,671	9,434	7,817	7,546	6,745	6,655	5,315	4,708	6,400	11,089	12,842	11,311	9,212	4,325	1,756	1,283	868	809	853	963	1,103	1,290	2,978	3,994	4,277	4,561	0	0	0
Net (purchases) redemptions of Federal Home Loan Bank of New York shares
22,818	-361	10,338	5,645	-2,863	-2,807	-286	-9,246	-3,339	916	-9,957	-565	4,016	3,107	11,794	17,269	2,880	9,142	7,615	-1,481	5,790	899	-227	3,987	6,012	3,688	11,001	10,573	6,465	12,092	4,175	2,820	2,298	-1,361	0	0	0
Purchases of securities held-to-maturity
29,850	30,030	32,030	32,330	2,480	2,653	1,653	1,353	9,383	9,030	12,530	20,530	37,875	40,205	37,705	29,705	7,430	5,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and calls of securities held-to-maturity
0	-	0	0	0	-	-	-	-	-	0	0	7,845	-	10,515	8,515	5,430	3,430	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from prepayments of securities held-to-maturity
587	583	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
163,887	146,183	344,101	320,288	318,143	305,059	112,574	178,563	154,004	161,939	231,629	118,212	121,295	139,186	79,047	237,342	323,332	313,822	325,098	230,054	163,515	162,830	210,455	225,773	335,855	458,596	427,472	389,918	360,160	311,654	300,679	263,709	245,596	157,741	0	0	0
Proceeds from sales and calls of securities available for sale
116,798	65,493	183,967	177,967	131,769	128,474	48,800	177,299	204,799	194,799	0	0	0	-	-	-	-	-	-	-	-	115,294	183,451	88,966	99,484	194,009	0	0	0	-	-	-	-	-	-	-	-
Proceeds from maturities and prepayments of securities available for sale
168,268	144,673	104,346	76,410	69,813	73,968	73,496	78,984	78,482	76,230	93,242	102,803	115,873	118,498	107,193	106,085	104,394	114,097	127,229	126,470	122,441	112,137	103,282	121,355	132,641	149,387	173,329	164,079	169,224	170,798	172,320	168,524	155,527	154,600	0	0	0
Proceeds from bank owned life insurance
2,294	3,071	777	4,201	4,201	6,165	6,803	4,114	7,374	5,284	4,842	4,107	846	2,432	2,236	2,236	2,237	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (originations) repayments of loans
73,078	800	124,616	7,190	11,245	111,351	-12,383	105,431	179,419	225,449	291,167	308,745	343,374	267,446	349,235	379,361	296,531	301,766	211,495	239,671	249,656	248,073	234,570	250,191	298,496	236,582	264,524	117,749	54,082	78,379	22,262	63,340	12,494	-12,773	0	0	0
Purchases of loans
241,460	221,222	241,213	288,113	270,880	282,703	355,817	248,165	249,653	196,456	124,555	107,154	190,338	186,717	200,589	290,852	179,632	278,928	362,416	283,046	269,507	169,860	33,514	22,621	21,386	10,189	452	452	452	3,456	8,054	8,054	9,954	19,053	0	0	0
Proceeds from sale of loans
14,527	15,117	7,187	7,449	13,116	14,410	15,764	44,969	53,618	56,344	54,990	24,714	10,774	11,499	17,388	19,584	20,645	16,252	18,888	13,553	11,955	15,857	17,796	22,122	32,939	35,681	36,348	48,620	43,298	44,223	44,292	36,545	33,750	27,817	0	0	0
Proceeds from sale of OREO, net
-	-	-	-	-	-	-	-	-	583	2,767	2,767	2,767	3,037	853	968	1,444	2,185	3,016	3,159	3,655	3,123	3,647	3,963	4,032	4,763	3,372	2,830	2,394	1,225	4,472	4,767	4,523	4,053	0	0	0
Net cash used in investing activities
-255,700	-194,769	-480,049	-411,185	-380,356	-477,995	-317,977	-225,399	-240,978	-254,114	-255,256	-307,586	-388,435	-322,232	-444,172	-582,402	-498,688	-600,516	-575,710	-463,458	-446,206	-339,576	-171,892	-267,449	-393,521	-326,024	-392,586	-204,575	-118,313	-197,988	-114,764	-128,637	-77,375	22,693	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase (decrease) in non-interest bearing deposits
88,134	21,325	23,180	25,346	23,203	28,478	36,097	39,165	33,833	52,106	42,449	32,190	63,578	63,694	62,864	59,537	30,366	13,635	-45,649	78,637	49,137	58,491	122,184	4,985	40,713	41,554	31,823	34,443	28,806	37,282	37,663	30,398	26,856	22,309	0	0	0
Net (decrease) increase in interest-bearing deposits
-270,025	84,540	231,391	241,151	350,672	546,322	230,299	305,707	252,530	122,563	355,207	285,348	277,372	245,271	246,100	180,476	423,691	368,137	405,279	376,795	200,227	213,502	619	162,273	200,106	174,715	91,196	-106,588	-98,750	-172,193	-81,420	-19,847	-90,723	-70,332	0	0	0
Net increase in mortgagors' escrow deposits
-2,936	486	-3,136	-1,420	-4,136	-2,255	-4,996	-9,478	-4,151	-2,390	-4,395	4,602	-5,216	-3,372	-4,576	-1,975	-2,711	-1,165	-3,204	-2,943	-5,031	-2,881	-432	-182	-2,285	-238	-5,199	-4,925	-5,342	-2,774	-2,611	-3,237	-1,416	-2,471	0	0	0
Net proceeds from short-term borrowed funds
510,000	15,750	165,750	257,500	91,500	165,250	250,750	99,000	150,000	92,000	-15,000	30,000	200,000	178,500	135,000	210,000	-101,500	30,000	50,500	-43,500	101,500	30,500	-34,500	-31,500	-10,500	-102,500	70,000	109,260	-48,000	132,000	0	0	0	-	-	-	-
Proceeds from long-term borrowings
275,000	225,000	0	0	0	-	-	-	-	230,000	280,000	323,066	298,242	300,000	285,000	387,004	344,052	310,000	0	0	0	-	-	-	-	269,346	249,346	199,837	275,375	212,518	0	0	0	-	-	-	-
Repayment of long-term borrowings
286,248	257,102	145,301	171,314	197,604	270,088	333,577	360,573	355,078	282,538	507,149	453,813	541,928	562,401	295,852	266,188	187,278	125,551	0	0	0	-	-	-	-	109,911	89,911	79,911	87,912	80,000	92,927	262,660	272,653	258,076	0	0	0
Purchases of treasury stock
4,614	2,656	3,603	10,581	16,499	22,585	28,026	20,580	14,985	9,290	3,658	3,372	10,241	9,858	9,103	11,200	13,614	15,605	20,671	29,077	21,089	18,872	13,892	4,073	14,856	14,151	16,660	16,691	4,853	5,551	6,169	9,571	9,165	7,722	0	0	0
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	712	577	615	559	574	556	478	489	846	861	867	873	443	-75	-57	-164	-303	143	165	318	292	0	0	0
Proceeds from issuance of common stock upon exercise of stock options
0	3	0	0	0	-	-	-	-	-	-	-	-	328	135	130	164	145	195	278	222	565	733	727	854	533	361	306	663	885	837	838	1,759	2,040	0	0	0
Cash dividends paid
24,191	24,149	23,799	23,461	23,174	22,927	22,469	22,014	21,503	20,954	20,631	20,298	19,965	19,689	19,404	19,115	18,864	18,616	18,390	18,216	18,061	17,852	17,332	16,754	16,158	15,618	15,679	15,765	15,825	15,817	15,822	15,831	15,880	15,910	0	0	0
Net cash provided by (used in) financing activities
290,992	62,225	451,703	351,010	273,239	467,707	213,076	132,123	198,948	186,277	209,453	262,413	346,394	273,331	409,893	543,234	480,287	563,884	530,024	413,553	368,081	282,980	102,024	196,916	322,393	244,649	325,600	129,759	54,682	111,595	26,434	64,460	-6,711	-79,481	0	0	0
Net increase (decrease) in cash and cash equivalents
98,507	-68,774	41,895	13,679	-33,282	67,015	-15,067	-5,734	40,744	15,689	12,281	-1,626	-202	-6,506	13,406	13,566	30,313	8,098	3,975	-383	-22,526	780	-9,829	-5,214	-2,416	-6,940	4,230	980	10,656	-15,296	-14,804	9,432	-15,299	7,932	0	0	0
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest paid
115,403	115,616	112,647	104,933	95,709	85,112	75,136	68,324	62,610	59,868	56,506	53,345	53,325	53,755	52,421	53,132	49,440	48,467	47,429	52,378	53,267	53,965	55,032	50,455	50,596	53,602	54,947	57,808	61,025	62,368	65,852	69,583	73,166	75,914	0	0	0
Income taxes paid
15,322	15,369	10,031	6,289	6,654	6,616	12,109	16,356	24,002	23,899	25,109	38,189	36,813	36,813	34,666	25,623	31,978	32,574	33,277	28,928	21,859	24,943	27,577	22,893	24,488	21,389	18,423	21,106	18,310	21,947	19,103	20,834	25,769	22,917	0	0	0
Taxes paid if excess tax benefits were not tax deductible
15,199	15,403	10,015	6,249	6,626	7,245	14,297	19,780	24,947	25,450	25,351	37,243	38,416	37,525	35,243	26,238	32,537	33,148	33,833	29,406	22,348	25,789	28,438	23,760	25,361	21,832	18,348	21,049	18,146	21,644	19,246	20,999	26,087	23,209	0	0	0
Non-cash activities:
Securities purchased not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Securities purchased not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Loans transferred to other real estate owned
-	-	-	-	-	673	0	0	0	-	153	153	106	639	565	1,381	1,717	1,667	2,951	7,229	7,480	7,112	6,575	3,266	4,805	5,369	7,129	7,253	5,513	6,127	6,077	7,057	7,599	7,286	0	0	0
Loans provided for the sale of Other Real Estate Owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	280	579	579	712	712	736	1,231	3,011	3,475	3,265	3,977	2,110	1,956	1,738	1,632	1,655	0	0	0
Right-Of-Use assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings [Member]
Net income
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of the Income tax effects of Tax Cuts and Jobs Act from AOCI to Retained Earnings
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-