FIRST INTERSTATE BANCSYSTEM, INC. FIBK Cash Flow

First interstate bancsystem, inc. (FIBK)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Fees and Commissions, Mortgage Banking and Servicing
30,400	24,900	28,900	-	-	-	-	-	-	-	-
Noninterest Income, Other Operating Income
15,900	15,100	14,300	-	-	-	-	-	-	-	-
Noninterest Income
149,900	143,300	141,800	-	-	-	-	-	-	-	-
Loss on termination of interest rate swap
0	0	-1,100	-	-	-	-	-	-	-	-
Cash flows from operating activities:
Net income
181,000	160,200	106,500	95,700	86,795	84,401	86,136	58,224	44,546	37,356	53,863
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
13,900	8,600	11,000	10,000	6,822	-6,622	-6,125	40,750	58,151	66,900	45,300
Net gain on disposal of premises and equipment
1,500	1,200	-200	-600	731	1,256	217	424	-28	-672	-306
Depreciation and amortization
38,700	27,600	18,400	19,500	18,313	16,855	16,245	17,112	17,368	20,136	22,286
Net premium amortization on investment securities
-8,900	-10,000	-11,600	-12,500	-14,880	-14,690	-14,655	-11,700	-10,353	-6,762	-1,293
Gain (Loss) on Sale of Debt Investments
100	-100	700	300	137	61	1	348	1,544	170	137
Realized and unrealized net gains on mortgage banking activities
30,500	23,000	25,200	26,800	21,748	17,475	24,482	29,606	14,443	15,321	18,315
Net (gain) on sale of health savings accounts
0	0	3,100	0	0	-	-	-	-	-	-
Write-down of equipment pending disposal
-	-	-	-	-	-	-	-	-	-	350
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	0	-306	0
Mortgage servicing rights impairment
400	0	-100	0	-97	-136	-99	-771	1,275	-787	-7,224
Net loss (gain) on sale of OREO
3,600	800	-100	900	2,991	1,849	3,232	1,041	552	708	-
Net gain on sales of student loan portfolio
-	-	-	-	-	-	-	-	-	374	0
Gain Loss on Sale of Mortgage Servicing
-	-	-	-	-	-	-	-	0	-1,525	48
Write-downs of OREO and other assets pending disposal
900	100	400	800	1,013	326	3,512	6,724	7,464	-	5,545
Deferred taxes
5,400	15,800	20,900	3,400	12,449	5,345	11,276	8,762	2,405	-17,257	5,547
Net increase in cash surrender value of company-owned life insurance
6,700	5,000	5,400	4,500	3,432	3,600	446	1,849	1,824	1,682	1,859
Stock-based compensation expense
8,000	5,600	3,900	4,400	3,959	3,634	2,936	2,485	2,111	1,764	1,067
Tax benefits from stock-based compensation
-	-	-	2,100	1,443	2,193	1,898	360	204	239	742
Excess tax benefits from stock-based compensation
-	-	-	1,600	1,184	2,205	2,031	273	124	225	719
Originations of mortgage loans held for sale
1,015,600	768,100	815,000	1,042,500	1,148,098	903,373	1,557,288	1,197,744	897,773	-1,121	19,280
Proceeds from sales of mortgage loans held for sale
971,200	798,400	860,100	1,054,500	1,164,804	923,350	1,603,770	1,209,866	902,239	-	-
Changes in operating assets and liabilities, net of effects of acquisition:
Decrease (increase) in interest receivable
-300	3,300	600	1,100	101	-470	-2,419	-3,105	-1,654	-3,495	-1,571
Increase in other assets
22,100	8,000	6,100	2,200	3,622	6,956	-3,440	-4,498	-13,039	-8,158	36,120
(Decrease) increase in accrued interest payable
-13,500	2,200	200	400	-1,006	286	-1,539	-1,621	-5,055	-4,407	-2,946
Increase (decrease) in accounts payable and accrued expenses
-7,800	-200	-22,500	-6,000	-11,931	13,991	-602	5,913	3,579	-4,969	-8,043
Net cash provided by operating activities
127,300	219,000	154,600	118,000	115,400	122,008	150,225	135,822	143,101	109,258	81,835
Cash flows from investing activities:
Purchases of investment securities:
Held-to-maturity
0	2,000	12,800	18,200	45,179	21,627	16,370	68,305	18,846	33,118	9,910
Available-for-sale
1,270,000	541,000	614,300	905,900	474,846	664,821	741,579	1,246,068	1,166,364	1,317,938	868,917
Proceeds from maturities and pay-downs of investment securities:
Held-to-maturity
35,600	79,300	97,400	112,600	118,406	47,784	19,465	12,192	12,682	15,134	19,785
Available-for-sale
978,600	460,000	426,200	814,600	648,683	613,930	722,447	1,252,266	943,490	833,910	493,389
Proceeds from bank-owned life insurance settlements
3,200	0	0	-	-	-	-	-	-	-	-
Purchase of company-owned life insurance
-	-	-	-	30,000	15,000	45,000	0	0	-	-
Proceeds from sales of mortgage servicing rights
-	-	-	-	-	-266	-470	-907	-596	-2,480	-2,051
Extensions of credit to clients, net of repayments
81,400	221,700	99,700	168,300	327,878	216,730	178,580	128,919	-90,548	-71,762	-146,943
Recoveries of loans charged-off
-9,700	12,000	7,800	9,200	7,432	9,478	11,466	8,116	5,231	2,889	-2,392
Proceeds from sale of student loan portfolio
-	-	-	-	-	-	-	-	-	25,032	0
Proceeds from sale of OREO
25,400	9,100	5,900	5,300	15,644	12,381	28,397	42,814	15,896	20,336	10,849
Acquisition of intangible assets
0	0	28,000	0	0	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	6,724	-
Proceeds from the sale of Health Savings Accounts
300	0	6,100	0	0	-	-	-	-	-	-
Proceeds from Sales of Business, Affiliate and Productive Assets
-	-	-	900	0	0	-	-	-	-	-
Capital contribution to equity method investment
-	-	-	-	-	-	-	900	0	0	-
Capital distribution from unconsolidated subsidiary
-	-	-	-	-	-	-	1,238	0	0	-
Payments to Acquire Businesses, Net of Cash Acquired
-298,400	28,100	-91,800	-18,600	1,636	-35,556	0	0	-	-	-
Capital expenditures, net of sales
16,600	4,900	11,000	11,900	5,965	-2,941	5,653	14,420	9,172	7,998	26,393
Net cash provided by investing activities
-16,800	181,100	-130,600	-143,100	-95,339	-195,842	-204,937	-141,079	-125,939	-387,511	-229,811
Cash flows from financing activities:
Net (decrease) increase in deposits
276,200	49,500	-110,200	77,600	19,160	357,083	-106,661	413,440	-98,742	101,657	649,797
Net decrease in federal funds purchased
-	-	-	-	-	-	-	-	-	-	30,625
Net decrease in securities sold under repurchase agreements
-45,200	69,400	105,400	8,900	6,385	43,892	-48,348	-10,458	-103,911	146,013	-51,360
Net increase (decrease) in other borrowed funds
-4,100	-26,100	100	0	-7	-12,720	-29	25	-4,984	-432	-73,793
Write-off of debt issuance costs
-	-	-	-	7	0	0	-	-	-	-
Payments for Repurchase of Preferred Stock and Preference Stock
-	-	-	-	-	-	50,000	0	0	-	-
Repayment of junior subordinated debentures held by subsidiary trusts
-	-	-	-	-	20,439	0	41,238	0	0	-
Repayments of long-term debt
-2,000	-7,100	100	-100	-16,538	48	243	40	302	35,851	10,795
Advances on long-term debt
100	2,800	5,000	200	5,103	68	0	0	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	261
Proceeds from issuance of common stock
1,000	1,800	2,400	4,700	3,369	6,299	9,814	1,911	385	167,400	3,914
Payments of Stock Issuance Costs
-	-	-	-	-	298	0	0	-	13,597	0
Excess tax benefits from stock-based compensation
-	-	-	1,600	1,184	2,205	2,031	273	124	225	719
Purchase and retirement of common stock
2,500	1,000	1,300	26,900	20,647	9,739	448	263	248	3,699	11,052
Dividends paid to common stockholders
79,200	64,100	48,600	39,400	36,290	28,626	17,909	26,208	19,233	17,905	15,694
Dividends paid to preferred stockholders
-	-	-	-	-	-	-	3,300	3,422	3,422	3,422
Net cash (used in) provided by financing activities
144,300	25,200	-47,100	26,600	-38,274	337,677	-211,793	334,142	-230,333	340,389	457,428
Net increase in cash and cash equivalents
254,800	63,100	-23,100	1,500	-18,213	263,843	-266,505	328,885	-213,171	62,136	309,452
Supplemental schedule of noncash investing activities from acquisitions:
Capitalization of internally originated mortgage servicing rights
7,300	6,100	5,600	5,800	3,614	-	-	-	-	-	-
Investment securities available for sale
78,700	3,100	424,300	0	0	-	-	-	-	-	-
Investment securities held to maturity
0	0	57,300	0	0	-	-	-	-	-	-
Loans held for sale
500	0	10,300	0	0	-	-	-	-	-	-
Loans
416,600	713,100	2,079,300	0	0	-	-	-	-	-	-
Premises and equipment
24,600	14,000	47,700	0	0	-	-	-	-	-	-
Goodwill
75,300	101,100	231,900	0	0	-	-	-	-	-	-
Core deposit intangible
16,600	15,700	48,000	0	0	-	-	-	-	-	-
Mortgage servicing rights
0	0	3,500	0	0	-	-	-	-	-	-
Interest receivable
2,200	3,600	7,600	0	0	-	-	-	-	-	-
Company-owned life insurance
15,200	9,500	57,000	0	0	-	-	-	-	-	-
Deferred tax assets
0	0	28,600	0	0	-	-	-	-	-	-
Other real estate owned
2,400	600	1,200	0	0	-	-	-	-	-	-
Other assets
6,500	6,200	31,600	0	0	-	-	-	-	-	-
Total noncash assets acquired
638,600	866,900	3,028,300	0	0	-	-	-	-	-	-
Noncash Or Part Noncash Acquisition, Securities Sold Under Repurchase Agreements
30,400	0	0	-	-	-	-	-	-	-	-
Deposits
706,700	696,300	2,669,000	0	0	-	-	-	-	-	-
Deferred tax liability
19,900	7,700	64,200	0	0	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Debt Assumed
4,100	7,000	0	0	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Other Liabilities Assumed
0	6,100	0	0	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Trust Preferred Securities Assumed
0	4,400	0	0	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Deferred Tax Liability
100	300	0	0	-	-	-	-	-	-	-
Total liabilities assumed
761,200	721,800	2,733,200	0	0	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Cash paid during the period for income taxes
51,200	25,300	28,800	54,400	27,335	26,650	39,879	17,540	16,640	37,325	25,813
Cash paid during the period for interest expense
54,700	38,700	27,800	17,200	18,933	17,736	22,234	31,735	47,086	67,514	87,844
Supplemental disclosures of non-cash investing and financing activities:
Transfer of Portfolio Loans and Leases to Held-for-sale
0	1,600	3,000	-	0	-	-	-	-	-	-
Other Comprehensive Income (Loss), Transfers From Available-For-Sale To Held-To-Maturity Securities, Before Tax
281,100	-	-	-	-	-	-	-	-	-	-
Change in unamortized loss on available-for-sale securities transferred into held-to-maturity
-6,000	0	0	-	-	-	-	-	-	-	-
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability
39,600	0	0	-	-	-	-	-	-	-	-
Supplemental disclosures of noncash investing and financing activities:
Transfer from long-term debt to other borrowed funds
0	0	20,000	0	0	-	-	-	-	-	-
Transfer of loans to other real estate owned
14,100	12,100	5,400	7,600	5,560	-	-	-	-	-	-
Credit and Debit Card [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
41,500	43,300	43,300	-	-	-	-	-	-	-	-
Deposit Account [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
21,100	21,800	21,300	-	-	-	-	-	-	-	-
Financial Service, Other [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
17,100	15,100	13,300	-	-	-	-	-	-	-	-
Investment Advisory, Management and Administrative Service [Member]
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions
23,800	23,200	21,100	-	-	-	-	-	-	-	-