Horizon bancorp, inc. (HBNC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities
Net income

66,538

53,117

33,117

23,912

20,549

18,101

19,876

19,543

12,797

10,455

9,140

Items not requiring (providing) cash
Provision for credit losses

1,976

2,906

2,470

1,842

3,162

3,058

1,920

3,524

5,282

11,554

13,603

Depreciation and amortization

9,688

6,813

5,936

5,275

4,152

3,779

3,356

2,875

2,520

2,320

2,280

Share based compensation

215

251

325

324

288

203

48

33

35

30

39

Issuance of restricted stock

-

-

-

-

-

-

-

115

60

34

-

Mortgage servicing rights, net impairment

192

-60

80

110

59

-51

-635

168

53

664

135

Premium amortization on securities, net

-5,929

-5,798

-6,024

-6,162

-3,420

2,299

2,861

3,344

2,311

1,946

729

Gain on sale of investment securities

-75

-443

38

1,836

189

988

374

2

1,777

533

795

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-713

Gain on sale of mortgage loans

9,208

6,613

7,906

11,675

10,055

8,395

8,794

14,123

6,449

7,538

6,107

Proceeds from sales of loans

275,809

197,492

231,410

328,377

310,700

234,776

365,654

401,068

282,306

286,960

339,424

Loans originated for sale

269,651

188,823

218,511

316,875

302,419

229,243

346,397

386,945

275,857

281,705

335,871

Change in cash value life insurance

2,190

1,912

1,797

1,618

1,224

1,007

998

990

-5

770

720

Gain on sale of other real estate owned

126

209

4

-261

289

186

116

-129

-206

393

-9

Net change in:
Interest receivable

2,101

1,180

2,591

544

1,010

398

-215

225

152

-

278

Interest payable

205

1,145

152

-275

-11

-50

-54

-126

-185

-354

-775

Other assets

-97,629

-2,460

-6,173

-489

-8,569

4,945

-9,905

-1,030

-286

-183

5,704

Other liabilities

-608

658

-5,776

-8,381

-472

712

498

-3,072

971

2,057

316

Net cash provided by operating activities

174,952

72,440

49,064

25,548

35,230

17,665

46,965

26,346

22,412

24,910

14,712

Investing Activities
Purchases of securities available for sale

425,879

214,706

149,376

225,555

244,195

93,375

168,886

113,945

193,494

203,840

137,723

Proceeds from sales, maturities, calls and principal repayments of securities available for sale

248,422

123,377

85,587

269,587

121,724

117,533

121,309

125,071

155,343

204,647

112,377

Purchases of securities held to maturity

-

28,374

31,794

45,832

32,605

4,839

12,050

-

9,437

24,732

24,726

Proceeds from maturities of securities held to maturity

8,384

8,301

13,376

30,843

7,155

13,851

2,110

7,100

12,837

11,167

15,171

Net change in interest-earning time deposits

7,289

717

950

-4,083

-

-

-

-

-

-

-

Change in FHLB stock

803

-32

-8,987

5,448

-268

-4,972

-

-

-

-861

-564

Net change in loans

59,420

182,637

251,821

32,099

-156,340

-190,838

112,140

-102,580

-105,678

32,577

-20,394

Purchase of Federal Reserve Bank stock

-

-

-

-

-

-

851

-

-1,274

-

-

Proceeds on the sale of OREO and repossessed assets

4,744

3,258

4,238

2,572

3,014

2,726

2,343

4,672

2,424

6,137

8,242

Change in premises and equipment, net

4,612

3,434

2,689

1,383

5,622

6,255

6,318

6,984

2,442

2,414

4,066

Death benefit on bank owned life insurance

-580

-154

-

-

-

-

-

-

-

-

-

Gain on remeasurement of equity interest in Lafayette

530

-

-

-

-

-

-

-

-

-

-

Repurchase of outstanding stock

1,595

-

-

-

-

-

-

-

-

-

-

Purchases of bank owned life insurance

-

10,450

-

-

-

-

-

-

3,000

-

-

Purchase of Mortgage Company

-

-

-

-

-

735

-

-

-

-

-

Purchases and assumption of ATSB

-

-

-

-

-

-

-

-

-

-3,412

-

Net cash provided by (used in) investing activities

-94,725

-303,916

-278,924

222,307

-124,188

-149,046

49,797

-60,383

-142,173

27,815

-51,683

Financing Activities
Net change in:
Deposits

50,282

258,373

-13,360

46,590

46,747

69,780

-2,633

73,042

24,367

-64,227

110,539

Borrowings

71,040

13,589

-259,895

255,994

-49,421

-78,068

89,313

25,415

-109,462

31,979

40,367

Redemption of preferred stock

-

-

-

12,500

-

-

-

-

18,750

6,250

-

Issuance of preferred stock

-

-

-

-

-

-

-

-

12,500

-

-

Proceeds from issuance of stock

1,705

622

1,604

572

4,305

165

195

226

63

197

164

Tax benefit from issuance of stock

-

-

-

-

-

-

-

-

-

-

18

Dividends paid on common stock

20,835

15,418

11,720

8,382

6,216

4,744

3,655

3,047

2,325

2,240

2,229

Dividends paid on preferred stock

-

-

-

42

125

133

370

481

792

1,245

1,132

Net cash provided by (used in) financing activities

-39,888

229,988

236,419

-229,756

94,132

143,136

-95,776

44,325

124,525

-105,744

66,993

Net Change in Cash and Cash Equivalents

40,339

-1,488

6,559

18,099

5,174

11,755

986

10,288

4,764

-53,019

30,022

Additional Supplemental Information
Interest paid

46,510

30,454

15,969

20,572

13,844

13,230

13,556

14,358

16,686

21,228

28,668

Income taxes paid

13,219

6,819

10,350

6,916

4,123

2,800

3,100

8,125

2,700

3,880

3,155

Transfer of loans to other real estate and repossessed assets

2,700

3,005

2,411

-

-

-

-

-

-

-

-

Transfer of premises to other real estate

1,705

-

-

3,679

5,567

3,905

3,284

5,899

4,787

9,026

6,481

Right-of-use assets exchanged for lease obligations

3,411

-

-

-

-

-

-

-

-

-

-

Sale of securities available for sale not yet settled

6,303

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

167,047

-

-

-

-

-

Fair value of assets acquired

-

-

-

-

-

158,585

-

-

-

-

-

Liabilities assumed

-

-

-

-

-

138,660

-

-

-

-

-

Lafayette Community Bancorp [Member]
Gain on remeasurement of equity interest in Lafayette

-

-

530

-

-

-

-

-

-

-

-

Net cash received in acquisition

-

-

-20,425

-

-

-

-

-

-

-

-

Kosciusko Financial Inc [Member]
Net cash received in acquisition

-

-

-

-30,437

-

-

-

-

-

-

-

LaPorte Bancorp Inc [Member]
Net cash received in acquisition

-

-

-

-116,521

-

-

-

-

-

-

-

Central National Bank & Trust [Member]
Net cash received in acquisition

-

-

-

-22,549

-

-

-

-

-

-

-

Single Branch of First Farmers Bank & Trust Co [Member]
Net cash received in acquisition

-

-

-11,000

-

-

-

-

-

-

-

-

Wolverine Bancorp Inc [Member]
Net cash received in acquisition

-

-

-12,723

-

-

-

-

-

-

-

-

Salin
Net cash received in acquisition, Salin

-128,745

-

-

-

-

-

-

-

-

-

-