HMN FINANCIAL INC HMNF Cash Flow

Hmn financial inc (HMNF)

CashFlow / Quarterly

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
Cash flows from operating activities:
Net income
1,385	1,236	2,076	2,861	1,620	2,352	2,712	1,727	1,445	387	1,780	1,021	1,216	1,684	1,414	1,478	1,774	1,090	820	585	461	1,679	1,538	2,530	1,632	18,096	6,034	1,799	741	1,485	637	395	2,804	-7,626	-2,055	-2,291	417
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses
460	236	-420	-1,059	27	-167	-652	295	-125	59	-581	269	-270	-374	80	381	-732	75	-56	-183	0	-2,221	-989	-2,178	-1,610	-3,031	-4,330	-520	0	0	1,584	1,088	-128	7,609	4,260	3,463	1,946
Depreciation
291	291	296	269	273	272	278	270	258	245	240	231	233	231	220	204	195	190	183	172	161	160	145	140	131	129	233	245	273	258	263	279	291	312	315	313	327
Amortization of premiums (discounts), net
16	13	-3	-3	-4	-4	-4	-4	28	-2	-1	0	0	56	0	-1	-8	7	-8	-8	6	11	-1	1	7	13	16	25	26	19	14	28	37	61	70	97	69
Amortization of deferred loan fees
-2	-62	-29	195	-13	6	269	4	-19	48	67	85	40	105	104	419	383	770	-13	176	31	165	56	124	-5	11	121	46	71	169	190	105	64	53	118	58	236
Amortization of core deposit intangible
300	-	-	-	-	200	200	149	151	200	200	151	149	200	200	149	151	200	100	157	143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of purchased loan fair value adjustments
-4	12	52	-15	-8	7	86	-35	12	11	19	31	24	99	177	424	-171	545	112	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of mortgage servicing rights
228	245	228	167	140	139	144	142	126	144	142	145	124	164	159	146	132	128	152	132	143	132	136	133	116	129	132	170	161	184	200	173	175	204	144	115	98
Capitalized mortgage servicing rights
262	423	352	206	116	149	176	231	126	214	141	176	144	231	217	169	89	181	147	135	84	97	107	74	38	-	-	-	-	-	-	-	-	-	-	-	-
Securities losses (gains), net
-57	4	18	0	24	-24	-34	4	18	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-106	-182	-212	-	-	-	-	-	-	-	-
Capitalized mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-187	-	-71	-60	-87
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76
Loss on sales of real estate
2	-	-	-	0	-	-	-	-	-144	65	1	6	-1,031	11	75	349	-97	-168	-65	112	64	78	1,120	-68	223	282	306	19	-256	172	-174	77	-2,380	-111	-143	-47
Gain on sales of loans
1,134	1,106	845	611	379	483	489	679	444	610	521	488	519	770	656	705	487	536	613	530	285	348	804	330	346	289	433	702	678	1,105	940	620	909	672	188	301	495
Proceeds from sale of loans held for sale
29,514	47,569	39,514	24,176	13,599	20,059	22,493	28,806	17,291	26,678	19,959	22,532	20,958	30,679	27,572	24,376	16,494	22,283	25,122	18,812	12,061	13,316	19,626	14,045	9,053	10,420	18,162	29,609	26,527	40,469	35,959	27,461	27,605	30,077	9,463	11,084	14,266
Disbursements on loans held for sale
29,133	40,028	37,910	25,553	12,370	17,410	19,959	25,562	13,558	24,200	18,505	20,190	15,856	23,139	25,400	18,941	12,303	18,989	19,292	19,633	12,027	12,525	11,596	12,546	4,890	8,940	13,066	22,388	24,953	37,151	33,120	25,718	22,672	27,921	11,430	9,425	9,812
Amortization of restricted stock awards
46	49	48	48	42	30	31	34	39	38	38	35	36	43	42	43	49	60	60	260	67	64	64	56	56	101	29	32	40	50	50	57	76	522	-73	-73	-79
Amortization of unearned Employee Stock Ownership Plan shares
48	49	48	48	48	49	48	49	48	48	49	48	48	48	49	48	49	48	49	48	48	49	48	48	49	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unearned ESOP shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-48	-49	-48	-	-243	146	-49	-48	-48	-49	-48
Cancellation of vested restricted stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1	32	88	0	0	0	0	-	-	-	-
Earned Employee Stock Ownership Plan shares priced above original cost
-53	-57	-58	-61	-54	-53	-55	-50	-48	-39	-36	-35	-37	-27	-83	18	12	100	-12	-15	-16	-16	-15	-11	-11	-	-	-	-	-	-	-	-	-	-	-	-
Earned employee stock ownership shares priced above (below) original cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-5	-18	-	-100	64	-23	-21	-22	-19	-19
Stock compensation expense
-	-	-	-	-	4	5	4	4	10	10	11	10	20	20	19	20	0	0	0	0	-	-	-	-	1	1	1	1	1	2	2	2	7	8	6	8
Gain on sale of branch office
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	552	-	-	-	-
Decrease in accrued interest receivable
-15	34	-305	196	-30	131	-105	226	-240	-236	-28	191	-209	392	-177	170	-120	92	188	-162	228	-73	44	-150	-61	136	-187	34	-48	-117	155	-282	-187	-127	-356	-289	-90
Decrease in accrued interest payable
-76	43	72	-27	-14	67	15	67	51	33	-101	8	-31	-2	6	-1	-12	-11	-2	78	72	-7	-3	-4	-39	19	-51	5	-74	10	-281	-44	-218	65	-183	-19	-175
Decrease in other assets
-505	592	-413	-204	-668	1,242	28	-384	457	-41	-143	-207	-26	718	-634	34	205	434	95	-240	-50	614	-38	-707	575	-12	-368	-363	-99	-124	-51	-144	-377	-325	-150	-714	-153
Increase (decrease) in other liabilities
30	-1,122	497	998	-572	410	191	-1,009	-616	-119	1,160	466	-1,569	-2,313	1,677	1,558	77	-2,950	2,979	64	209	-3,773	974	1,235	1,299	113	341	-101	11	-401	980	-1,610	-745	243	-1,828	2,026	-61
Other, net
0	-6	-6	-15	-1	-4	-1	-1	4	-16	-5	-36	-10	-255	8	-7	-16	-19	-18	-6	-9	-127	-83	-12	-293	157	-76	-21	-124	-466	-15	-25	-74	-138	-124	-78	-41
Net cash provided by operating activities
2,068	7,060	4,081	1,008	3,052	4,983	4,440	4,124	4,262	5,057	3,614	3,899	4,473	8,056	5,047	7,782	4,628	1,238	9,072	-26	536	379	8,990	2,692	5,283	1,768	7,235	8,003	1,986	3,670	4,681	1,832	6,654	5,132	-773	6,201	6,780
Cash flows from investing activities:
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-966	358	321	307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal collected on securities available for sale
2,633	1,520	504	400	443	436	585	509	384	317	220	182	234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds collected on maturities of securities available for sale
25,875	15,000	10,000	100	300	0	0	0	310	-	-	-	-	-	-	-	-	56,500	42,500	58,070	18,000	70,000	25,000	20,000	10,000	10,000	5,000	3,000	3,000	5,000	43,000	25,000	35,000	24,900	52,000	50,000	30,000
Proceeds collected on maturities of securities available for sale
-	-	-	-	-	-	-	-	-	-	15,100	0	5,000	-	40,000	40,000	56,020	-	521	327	409	422	473	554	699	727	1,071	1,397	1,738	1,807	2,407	2,577	2,979	2,843	2,988	2,879	3,756
Purchases of securities available for sale
20,102	39,181	15,246	0	0	0	0	0	4,888	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Federal Home Loan Bank stock
79	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	4,999	-	45,000	10,000	49,968	34,999	45,000	30,000	34,070	68,004	39,000	44,997	5,003	28,998	5,000	5,058	10,034	34,035	28,037	16,000	0	10,000	65,023	28,996	40,032
Purchase of Federal Home Loan Bank Stock
-	-	-	-	-	-	-	0	322	-	744	2,588	667	800	0	1,000	79	2,033	0	119	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of Federal Home Loan Bank stock
0	-1	0	1,040	14	0	0	0	272	0	744	2,588	620	800	0	1,000	0	2,033	0	119	86	0	0	0	7	178	0	3,279	0	-	-	-	-	-	-	-	-
Redemption of Federal Home Loan Bank Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109	50	-	-	-	333
Proceeds from sales of real estate owned
34	-	-	-	0	-	-	-	-	0	267	27	15	119	627	318	1,305	355	387	164	221	434	77	4,169	136	2,131	1,376	1,707	572	1,633	1,651	711	3,508	2,062	915	1,408	1,055
Net increase in loans receivable
22,818	15,773	-10,299	-4,301	13,592	3,869	-4,211	2,245	9,580	4,150	-6,371	26,789	18,626	12,977	14,146	31,668	30,779	31,195	44,332	9,351	-4,431	-1,557	1,550	-13,990	542	-10,231	-23,436	-11,174	-18,973	-19,898	-15,185	-40,445	-14,063	-25,443	-5,198	-26,261	-19,212
Payment on sale of branch office
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-73,962	73,962	-36,981	-	-	-	-
Gain on sale of branch office
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment on sale of branch office
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchases of premises and equipment
202	484	1,218	341	189	164	1,587	368	378	239	274	360	138	338	260	700	309	233	212	259	99	309	124	209	205	115	82	109	119	74	46	150	25	18	68	115	0
Net cash used by investing activities
-14,659	-38,919	4,534	4,460	-13,024	-3,597	3,576	-2,104	-14,202	-4,072	6,648	-26,932	-18,561	-12,792	-18,421	4,351	-23,503	1,816	-41,609	18,951	-11,022	4,100	-15,124	-6,493	5,092	-6,024	25,801	15,390	14,130	-5,219	34,160	52,692	18,042	45,230	-2,638	52,273	14,324
Cash flows from financing activities:
Increase in deposits
3,649	14,262	36,098	-3,082	3,240	-28,078	11,895	5,730	-1,796	6,629	-5,129	42,726	-1,432	570	29,186	-7,419	-7,869	27,813	2,836	-1,846	-13,428	-8,158	-17,944	470	-31,550	68,004	-5,837	4,102	-27,316	9,401	-28,770	-33,972	-47,250	-20,316	29,278	-41,034	4,787
Purchase of treasury stock
360	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock awards repurchased for tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	6,000	0	10,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock awards withheld for tax withholding
60	0	0	0	45	0	0	0	0	0	0	0	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to preferred stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	225	360	360	5,244	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings
-	-	-	-	-	1	0	0	6,800	0	18,600	65,100	15,500	20,000	0	25,000	0	24,000	0	28,000	13,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of borrowings
-	-	-	-	-	1	0	0	6,800	0	25,600	65,100	15,500	22,000	0	25,000	0	25,000	0	28,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	2	25,000	30,000	7,500
Increase in customer escrows
707	-511	1,437	-1,150	1,189	-739	919	-627	748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in customer escrows
-	-	-	-	-	-	-	-	-	-	575	-290	502	-	-98	400	728	-444	503	-458	441	-504	413	-239	505	-714	520	-557	535	-592	711	-911	691	-517	720	-692	604
Net cash provided by financing activities
3,936	13,751	37,535	-4,232	4,384	-28,753	8,350	3,114	-1,048	5,979	-11,554	42,436	-984	-2,297	29,088	-7,019	-7,141	26,369	3,339	-2,304	-13,212	-15,022	-17,891	-15,013	-31,045	67,290	-5,317	-66,455	-26,781	8,809	-28,059	-34,883	-46,559	-20,833	14,998	-71,726	-2,109
Decrease in cash and cash equivalents
-8,655	-18,108	46,150	1,236	-5,588	-27,367	16,366	5,134	-10,988	6,964	-1,292	19,403	-15,072	-7,033	15,714	5,114	-26,016	-	-	16,621	-23,698	-	-24,025	-18,814	-20,670	63,034	27,719	-43,062	-10,665	7,260	10,782	19,641	-21,863	29,529	11,587	-13,252	18,995
Supplemental cash flow disclosures:
Cash paid for interest
968	871	834	856	704	586	570	458	420	402	593	454	438	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390	387	-	387	313	254	281	300	310	373	359	455	1,109	1,467	1,503	1,940	1,949	2,280	2,266	2,672	3,066	3,443
Cash paid for income taxes
-	-	-	-	-	869	543	2,425	427	62	51	1	1,765	0	280	0	156	0	56	0	135	0	0	0	0	0	0	50	155	50	0	5	5	0	0	0	0
Supplemental noncash flow disclosures:
Loans transferred to loans held for sale
969	2,199	2,620	675	759	3,455	517	3,951	3,719	1,067	1,503	1,587	5,054	2,917	4,194	3,483	4,408	1,424	4,388	1,971	342	1,289	4,658	3,554	3,742	1,518	2,587	7,569	509	241	3,882	255	3,818	1,143	759	801	2,806
Transfer of loans to real estate
139	0	136	0	30	0	0	0	74	213	0	0	40	0	0	0	591	0	110	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right to use assets and lease obligations
0	264	4	-268	4,505	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,370	47	478	50	423	2,028	6,231
Core Deposits [Member]
Amortization of core deposit intangible
25	25	25	25	24	24	25	25	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-