First Midwest Bancorp, Inc. FMBI Cash Flow

First midwest bancorp, inc. (FMBI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating Activities
Net income
199,738	157,870	98,387	92,349	82,064	69,306	79,306	-21,054	36,563	-9,684	-25,750	49,336
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
44,027	47,854	31,290	30,983	21,152	19,168	16,257	158,052	80,582	147,349	215,672	70,254
Depreciation of premises, furniture, and equipment
16,400	15,900	14,000	12,800	13,367	12,224	11,038	10,874	10,995	11,397	10,917	11,445
Net amortization of premium on securities
-15,731	-15,348	-16,142	-13,653	-4,849	-8,218	-9,174	-22,433	-10,314	-2,404	-1,527	-1,436
Net securities losses
0	0	-1,876	1,420	2,373	8,097	34,164	-921	2,410	12,216	2,110	-35,611
Gains on sales of 1-4 family mortgages and corporate loans held-for-sale
9,992	5,562	7,078	8,931	6,847	4,069	4,717	7,422	0	0	-	-
Gain on termination of FHLB forward commitments
-	-	-	-	-	-	7,800	0	0	-	-	-
Gain on FDIC-assisted transaction
-	-	-	-	-	-	-	3,289	0	4,303	13,071	-
Net losses on early extinguishment of debt
-	-	-	-	-	-2,059	-1,034	-558	0	-	15,258	-
Net losses (gains) on sales and valuation adjustments of OREO
-373	347	-585	-1,196	-2,631	-3,325	-3,908	-4,886	-9,686	-17,113	5,970	305
Amortization of the FDIC indemnification asset
1,208	1,208	1,208	1,185	1,461	3,315	2,984	-	-	-	-	-
Net losses on sales and valuation adjustments of premises, furniture, and equipment
-879	-5,227	125	4,762	-7,718	3,277	79	-2,695	-1,252	92	6	-125
BOLI income
8,394	5,835	5,946	3,647	4,185	2,873	-11,844	1,307	2,231	1,560	2,263	-2,369
Net pension (income) cost
-489	1,447	981	-513	622	-959	2,169	2,813	3,911	872	4,076	2,402
Share-based compensation expense
13,183	12,062	11,223	7,879	7,242	5,926	5,903	6,004	6,362	5,638	3,516	4,545
Tax benefit related to share-based compensation
-364	-258	-349	197	406	106	10	-170	179	-350	-581	1,370
Provision for deferred income tax expense (benefit)
10,944	26,309	-4,077	-1,367	16,897	16,215	-33,467	29,279	-2,160	15,057	-34,458	-13,248
Amortization of other intangible assets
10,481	7,444	7,865	4,682	3,920	2,889	3,278	3,372	3,802	4,279	3,929	4,377
Originations of mortgage loans held-for-sale
499,318	224,303	254,030	238,192	158,699	97,535	40,681	0	0	7,612	-	-850
Proceeds from sales of mortgage loans held-for-sale
474,384	245,967	258,626	246,642	158,791	96,006	37,788	0	236	8,531	-	1,244
Net decrease (increase) in equity securities
4,364	-964	0	0	-	-	-	-	-	-	-	-
Net increase in trading securities
0	0	2,527	1,026	-566	143	3,155	-307	-813	1,046	1,878	5,994
Net decrease in accrued interest receivable
-	-	-	-	-	-	-	-	-	-3,195	-10,728	5,724
Net decrease in accrued interest payable
-	-	-	-	-	-	-	-	-	-1,531	-6,047	-6,293
Net (increase) decrease in accrued interest receivable and other assets
146,968	44,246	-121,577	76,902	-10,023	18,015	-30,696	-10,117	-7,801	-31,130	22,945	-35,310
Net decrease in accrued interest payables and other liabilities
108,956	-4,346	-56,055	47,315	-1,042	22,367	-21,859	8,973	-2,536	14,412	-48,589	18,007
Net cash provided by operating activities
227,109	253,184	234,266	121,731	157,751	125,944	136,352	169,824	167,121	193,569	84,541	155,721
Investing Activities
Proceeds from maturities, repayments, and calls of securities available-for-sale
531,032	331,026	349,444	360,303	322,764	172,001	219,458	362,481	271,511	257,934	314,601	291,048
Proceeds from sales of securities available-for-sale
93,332	24,974	629,843	53,186	93,909	27,805	78,636	153,668	188,556	390,217	855,405	226,575
Purchases of securities available-for-sale
916,564	735,701	733,440	933,317	509,481	25,856	335,442	588,429	391,282	375,342	187,412	683,729
Proceeds from maturities, repayments, and calls of securities held-to-maturity
4,460	3,584	8,546	8,077	4,645	4,675	7,043	66,215	83,113	70,194	80,511	43,497
Purchases of securities held-to-maturity
2,855	0	15	5,352	1,242	2,638	17,070	48,999	62,251	62,326	80,335	30,046
Net purchases of FHLB stock
33,626	10,040	7,330	18,276	1,190	427	-12,071	-11,918	-3,151	2,301	-	-
Net increase in loans
719,676	770,039	457,501	714,213	399,807	279,654	354,600	272,618	14,297	23,957	113,088	461,918
Proceeds from bulk loan sales
-	-	-	-	-	-	-	94,470	0	0	-	-
Premiums paid on BOLI, net of proceeds from claims
8,776	-	1,722	-1,588	-1,082	85	-1,394	1,137	2,588	1,878	2,834	2,633
Proceeds from claims on BOLI, net of premiums paid
-	49	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of OREO
10,645	16,953	19,326	7,539	18,572	22,368	25,797	50,566	37,731	56,480	19,331	7,446
Proceeds from sales of premises, furniture, and equipment
4,145	4,561	18,031	152,863	1,230	3,906	1,463	6,768	5,542	354	24	718
Purchases of premises, furniture, and equipment
20,330	27,800	16,123	19,083	11,269	14,085	11,030	8,764	11,018	22,265	4,682	6,245
Net cash (paid for) received from acquisitions
-13,532	160,145	41,717	57,347	16,047	200,645	0	0	-	-	-	-
Proceeds received from the FDIC in FDIC-assisted transactions
-	-	-	-	-	-	-	-	0	41,542	28,585	-
Cash received in FDIC-assisted transactions
-	-	-	-	-	-	-	26,980	0	80,787	-	-
Net cash used in investing activities
-1,054,193	-1,002,386	-145,780	-1,049,338	-496,834	108,655	-372,280	-144,607	113,344	413,195	915,774	-610,021
Financing Activities
Net cash proceeds received in acquisition of deposits
-	-	-	-	-	-	-	-	106,499	-	-	-
Net (decrease) increase in deposit accounts
180,412	567,627	200,848	135,944	118,167	-73,244	93,846	120,362	-139,037	80,076	67,164	-193,107
Net increase in borrowed funds
750,933	172,977	164,124	711,496	25,902	-1,288	38,358	-29,343	-98,603	-411,466	-1,022,029	434,106
Repurchases of common stock
33,928	0	0	-	120	0	0	-	-	-	-	138
Net proceeds from the issuance of subordinated debt
-	-	-	146,484	0	0	-	-	-	-	-	-
Payments for the retirement of senior and subordinated debt
-	-	-	-153,500	0	0	-24,094	-37,033	114,387	-	-19,400	-
Payment for the termination of FHLB advances
-	-	-	-	-	-116,609	7,829	0	-	-	-	-
Proceeds received from the termination of FHLB forward commitments
-	-	-	-	-	-	-	-	0	-	-	-
Redemption of preferred stock and related common stock warrant
-	-	-	-	-	-	-	-	193,910	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-196,035	-	-
Proceeds from the issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	193,000
Cash dividends paid
56,540	44,293	37,129	29,198	27,036	22,568	7,508	2,977	12,838	12,422	12,423	60,298
Restricted stock activity
3,830	4,421	3,659	2,673	2,890	2,781	1,607	1,469	1,256	401	379	245
Excess tax benefit related to share-based compensation
-	-	-	-	-	912	79	-21	47	-189	-177	-37
Net cash provided by financing activities
837,047	691,890	-4,064	808,553	114,023	-215,578	106,903	49,519	-224,711	-148,367	-987,244	373,771
Net increase (decrease) in cash and cash equivalents
9,963	-57,312	84,422	-119,054	-225,060	19,021	-129,025	74,736	55,754	458,397	13,071	-80,529
Supplemental Disclosures of Cash Flow Information:
Income taxes paid
48,899	-1,108	15,191	57,553	25,022	16,375	4,945	-6,845	-12,388	-	-	-
Interest paid to depositors and creditors
109,760	60,569	36,424	27,400	24,535	23,088	27,599	36,036	40,429	-	-	-
Stock issued for acquisitions, net of issuance costs
101,496	83,303	534,090	54,896	0	38,300	0	0	-	-	-	-
Non-cash transfers of loans to OREO
944	6,027	6,255	4,173	13,504	18,079	17,965	47,628	52,249	-	-	-
Non-cash transfers of loans to other assets
13,175	0	0	-	-	-	-	-	-	-	-	-
Non-cash transfers of loans held-for-investment to loans held-for-sale
9,472	15,060	48,999	93,981	57,130	76,446	1,925	93,714	12,320	-	-	-
Non-cash transfers of loans held-for-sale to loans held-for-investment
-	-	-	-	-	-	-	1,957	0	-	-	-
Non-cash transfer of trading securities and securities available-for-sale to equity securities
0	27,855	0	0	-	-	2,787	0	0	-	-	-
Non-cash recognition of right-of-use asset/liability
143,561	-	-	-	-	-	-	-	-	-	-	-
Non-cash transfers of premises, furniture, and equipment to OREO
-	-	-	-	-	-	-	1,833	0	-	-	-
Non-cash transfers of OREO to premises, furniture, and equipment
-	-	-	-	-	-	-	-	841	-	-	-