Republic first bancorp inc (FRBK)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income (loss)

-4,519

-3,500

1,142

5,286

7,276

8,627

9,208

9,207

8,895

8,905

7,664

6,683

5,647

4,945

4,238

3,480

2,990

2,433

2,496

2,211

2,215

2,442

-1,672

-4,191

-3,717

-3,480

685

3,305

3,301

3,614

-20,368

-19,402

-20,889

-24,702

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for loan losses

2,555

1,905

1,350

1,400

2,200

2,300

2,100

1,600

1,300

900

500

1,107

1,257

1,557

2,057

1,450

800

500

0

0

0

-

-

-

-

-

-

-

-

1,350

10,900

10,666

11,666

15,966

0

0

0

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10

0

0

0

-

-

-

-

Write down of other real estate owned

-

286

0

0

0

-

-

-

-

3,000

611

484

339

355

3,292

2,900

3,047

3,069

769

884

986

1,138

1,792

2,310

2,058

2,567

1,442

939

939

130

0

0

0

-

-

-

-

Write down of other real estate owned

-

286

0

0

0

-

-

-

-

3,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Writedown of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Depreciation and amortization

6,936

6,482

6,040

5,585

5,511

5,447

5,137

5,144

4,800

4,618

4,290

4,049

3,724

3,518

3,770

3,390

3,326

3,080

2,729

2,768

2,607

2,382

2,258

2,219

2,120

2,105

2,116

1,937

1,971

2,006

2,035

2,070

2,097

2,107

0

0

0

Stock based compensation

2,441

2,632

2,537

2,446

2,363

2,116

2,097

2,077

2,061

1,842

1,526

1,209

890

759

721

688

653

600

552

501

450

420

397

368

341

325

317

333

353

370

396

383

362

359

0

0

0

Gain on sale of investment securities

1,622

1,103

0

0

0

-

-

-

-

-

-

-

-

656

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale and call of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Gain on sale and call of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Impairment charges on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

5

1

3

0

0

0

-

-

-

-

-

-

-

-

34

0

0

0

-

-

-

-

Amortization of premiums on investment securities

-4,720

-3,730

-2,864

-2,658

-2,715

-2,878

-2,952

-2,775

-2,549

-2,469

-2,596

-2,534

-2,427

-1,980

-1,377

-1,165

-957

-840

-761

-559

-526

-540

-532

-644

-680

-731

-784

-660

-550

-440

-299

-190

-97

-75

0

0

0

Accretion of discounts on retained SBA loans

-1,300

-1,411

-1,342

-1,357

-1,317

-1,332

-1,302

-1,120

-1,167

-1,088

-1,166

-1,333

-1,417

-1,364

-1,308

-1,186

-1,420

-1,005

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustments on SBA servicing assets

1,040

1,364

1,312

1,370

1,319

1,458

1,728

1,384

1,426

1,187

892

1,141

1,270

1,075

311

359

117

14

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of SBA loans originated for sale

48,240

46,951

43,831

43,542

38,278

42,726

50,516

48,860

47,795

42,269

38,640

46,881

56,790

58,107

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SBA loans originated for sale

44,272

41,364

40,126

39,481

31,711

42,700

49,636

43,099

44,736

37,062

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SBA loans originated for sale

44,272

41,364

40,126

39,481

31,711

42,700

49,636

43,099

44,736

37,062

33,006

42,751

55,316

53,627

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of SBA loans originated for sale

3,334

3,187

3,044

2,916

2,615

3,105

3,717

3,732

3,682

3,378

3,084

3,883

4,836

4,981

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of mortgage loans originated for sale

319,249

335,991

213,899

318,488

302,227

322,264

402,679

294,246

321,484

311,187

348,074

336,915

240,154

163,414

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of SBA loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

48,141

54,135

64,077

58,175

61,144

61,327

52,138

56,983

45,060

53,919

59,931

56,748

0

0

0

Mortgage loans originated for sale

314,398

317,881

195,181

296,061

288,427

291,870

382,823

297,121

312,713

321,222

353,610

331,184

232,224

161,717

82,240

-18,371

-8,526

0

-22,529

1,641

-1,650

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment for mortgage loans originated for sale

-729

-454

-324

-521

-131

-513

-344

503

-35

846

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on mortgage loans originated for sale

8,048

8,117

8,193

8,288

7,996

8,378

8,188

8,058

8,456

8,128

7,269

7,840

5,569

3,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

61

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

7

6

5

6

5

6

12

17

24

29

24

24

24

24

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash expense related to leases

1,029

1,128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SBA loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

40,496

43,962

49,998

52,410

0

0

0

Gains on sales of SBA loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

4,289

4,781

5,842

5,338

6,057

6,092

5,095

5,531

4,263

5,105

5,652

5,263

0

0

0

Increase in value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

31

51

67

73

86

106

125

137

0

0

0

Increase in accrued interest receivable and other assets

11,716

8,464

8,293

6,532

6,155

5,047

-112

1,057

1,333

2,330

5,723

3,123

3,678

2,729

390

2,847

528

2,966

3,181

2,306

4,392

1,796

151

1,242

-225

363

2,102

-185

998

222

-2,316

-2,367

-2,221

-1,734

0

0

0

Increase (decrease) in accrued interest payable and other liabilities

13,194

1,687

5,615

1,668

1,186

1,570

498

-1,855

507

1,513

0

0

0

-

-

-

-

-

-

155

-234

325

-1,230

-419

-506

-323

425

-371

-569

-336

-1,355

-808

-91

-330

0

0

0

Decrease in accrued interest payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,388

-

4,332

1,769

864

8,802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

12,945

19,333

24,939

30,561

27,123

39,630

28,988

6,546

16,804

-984

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

6,948

12,126

12,314

7,914

0

0

0

Cash flows from investing activities
Purchase of investment securities available for sale

0

-

-

-

-

149,209

193,757

234,349

239,298

165,065

142,722

161,856

175,535

207,482

206,673

192,927

173,168

146,668

89,809

57,139

84,664

78,825

59,313

68,619

61,636

62,544

61,608

56,851

59,114

72,464

0

0

0

-

-

-

-

Purchase of investment securities held to maturity

-

-

-

-

-

123,265

128,475

150,433

150,433

89,350

246,353

256,114

283,664

294,187

105,948

102,734

131,925

121,402

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of securities available for sale

56,854

54,742

55,468

43,964

31,196

6,439

0

0

0

-

-

-

-

78,585

0

0

0

-

-

-

-

-

-

-

-

7,946

11,140

11,140

33,730

25,784

0

0

0

-

-

-

-

Proceeds from the paydown, maturity, or call of securities available for sale

93,079

69,012

50,958

44,932

46,716

48,796

62,291

59,163

52,308

48,547

36,352

39,713

40,059

36,982

31,057

30,731

31,767

31,159

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the maturity or call of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,711

38,757

36,236

33,670

26,951

22,310

19,634

17,969

0

0

0

Proceeds from the paydown, maturity or call of securities held to maturity

130,233

116,486

91,299

78,433

68,901

63,565

46,842

42,762

40,703

37,315

48,683

44,714

39,412

33,160

25,027

22,492

19,648

16,689

13,910

7,534

3,449

2,308

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net redemption of restricted stock

-

-3,008

455

-3,249

-3,338

3,836

238

4,501

4,069

552

312

2,511

187

-1,693

0

0

0

-

-

-

-

-413

0

0

0

-

-

-

-1,786

-1,505

-1,225

-1,065

-1,121

-1,180

0

0

0

Net increase in loans

405,114

312,665

191,287

191,610

226,122

275,587

284,832

253,598

227,724

197,965

150,522

134,834

126,166

89,428

99,595

108,642

122,925

106,616

108,100

117,896

94,338

104,357

102,559

82,908

72,145

63,870

31,924

38,551

30,435

35,174

32,686

11,282

17,180

13,865

0

0

0

Net proceeds from sale of other real estate owned

5,539

5,072

0

0

0

-

-

-

-

499

370

1,460

1,444

1,400

1,387

400

549

792

898

602

453

197

697

669

2,663

2,600

1,994

1,994

0

334

8,771

8,771

9,720

9,447

0

0

0

Premises and equipment expenditures

32,439

35,777

35,701

30,827

22,748

18,161

15,334

19,742

23,027

22,525

20,432

15,800

12,961

14,291

14,146

16,046

16,339

14,214

18,056

14,688

15,040

14,664

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Premises and equipment expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

544

500

605

584

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-325,993

-

-247,080

-208,713

-159,015

-163,406

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-507,903

-438,622

-309,698

-261,917

-234,354

-450,763

-497,123

-544,185

-519,964

-357,899

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-35,200

5,152

-23,937

-7,705

0

0

0

Cash flows from financing activities
Net proceeds from exercise of stock options

44

261

263

370

480

670

699

616

784

646

1,115

1,104

1,017

726

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in demand, money market and savings deposits

403,723

536,974

251,614

325,552

323,754

292,053

507,279

384,715

380,293

380,052

290,832

297,508

336,880

384,786

310,679

270,357

230,435

184,859

250,483

213,890

243,506

206,163

150,017

111,233

68,047

24,731

25,917

37,044

54,917

30,297

140,113

162,837

192,266

211,067

0

0

0

Net (decrease) increase in time deposits

61,803

69,322

88,060

68,284

31,748

37,519

7,674

16,995

22,646

5,573

12,341

672

46,025

43,586

34,057

34,097

-14,225

-7,791

-3,062

-8,777

-1,991

-3,467

-5,445

-7,401

-14,303

-44,398

-48,607

-57,506

-86,153

-93,707

-105,209

-104,625

-95,969

-16,186

0

0

0

Repayment of short-term borrowings

-

-91,422

0

0

0

-

-

0

0

-

-

35,334

-19,666

-66,666

-19,666

0

0

47,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

216,275

-

247,423

204,994

286,369

247,550

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

465,570

515,135

339,937

301,516

262,067

421,664

515,652

508,996

497,638

386,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

34,904

58,212

100,813

194,881

0

0

0

Net (decrease) increase in cash and cash equivalents

-29,388

95,846

55,178

70,160

54,836

10,531

47,517

-28,643

-5,522

27,388

0

0

0

-

-

-

-

-

-

-

0

-

61,539

26,336

-37,619

-92,124

-53,553

-42,338

-46,302

-102,951

6,652

75,490

89,190

195,090

0

0

0

Supplemental disclosures
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

4,616

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

25,968

25,985

24,138

23,404

19,705

15,905

13,575

11,106

9,792

8,935

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

7,619

8,356

8,322

8,103

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,319

70

120

130

185

235

0

0

0

-

-

-

-

-

-

-

-

Non-cash transfers from loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

616

927

1,862

10,912

11,459

11,665

11,020

1,579

1,000

483

193

81

246

1,846

3,153

3,072

2,907

0

0

0

-

-

-

-

Conversion of subordinated debt to common stock

-

-

-

-

-

10,094

10,083

10,083

10,083

229

0

0

240

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of available-for-sale-securities to held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,118

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-