Independent bank corp /mi/ (IBCP)
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
Net income

41,864

46,435

42,492

41,972

40,059

39,839

31,614

26,548

23,662

20,475

24,619

24,133

24,640

22,766

22,481

21,155

20,336

20,017

18,349

18,231

18,664

18,021

18,928

17,504

74,840

77,509

84,615

87,556

28,501

26,198

5,569

-4,999

-9,295

-20,200

0

0

0

Adjustments to Reconcile Net Income to Net Cash From Operating Activities
The cash inflow associated with the sale of equity securities.

0

560

560

560

560

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

796,897

642,537

534,770

476,011

458,588

463,699

472,609

455,669

445,608

434,682

415,777

384,644

349,328

324,828

284,081

263,752

275,376

288,852

296,185

287,460

251,331

228,906

229,338

262,703

332,179

415,442

494,773

529,907

542,444

527,371

499,261

450,282

384,837

391,253

0

0

0

Disbursements for loans held for sale

793,141

647,606

565,187

475,295

454,559

457,077

453,534

447,876

430,381

426,410

413,655

386,314

347,430

322,342

287,187

257,251

265,509

285,608

291,586

287,877

260,940

226,550

218,807

244,547

301,796

378,323

466,729

505,321

522,577

512,734

496,971

454,387

393,620

376,694

0

0

0

Net increase in other liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

6,881

824

1,636

1,854

1,852

1,503

1,305

1,940

1,873

1,199

936

179

-1,138

-1,309

-3,116

-3,185

-2,585

-2,714

-2,124

-2,512

-4,223

-3,136

-2,884

-2,607

-2,869

-3,988

-2,704

-2,098

1,065

6,887

13,355

19,275

22,375

27,946

0

0

0

Deferred income tax expense (benefit)

2,876

-1,088

-3,538

-6,300

-9,294

-9,294

-15,559

-12,938

-15,597

-16,009

-10,041

-11,682

-9,701

-9,718

-9,101

-10,362

-9,238

-9,212

-8,910

-8,519

-9,058

-8,918

-8,475

-5,390

55,248

57,550

0

0

0

-

-

-

-

-

-

-

-

Deferred loan fees and costs

3,183

2,936

3,485

3,534

3,517

4,044

4,252

4,614

4,866

5,159

4,865

3,926

2,626

1,911

1,679

1,291

1,257

1,234

1,096

1,157

941

753

801

423

121

-17

-81

74

162

392

522

639

518

449

0

0

0

Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time

6,375

6,059

5,900

5,747

5,693

6,033

6,438

7,030

7,497

6,957

6,464

5,828

5,189

5,216

5,039

4,832

4,680

4,553

4,503

4,223

3,820

3,014

1,827

557

-784

-2,197

-3,354

-4,102

-4,445

-4,718

-5,530

-7,210

-8,878

-11,301

0

0

0

Net gains on mortgage loans

25,207

19,978

15,616

12,684

11,637

10,597

11,447

11,673

11,762

11,762

11,725

12,310

11,495

10,566

9,440

7,696

6,951

7,448

7,224

6,902

6,623

5,628

5,746

5,826

7,529

10,022

13,697

16,729

17,100

17,323

15,550

12,973

11,187

9,262

0

0

0

Net gains on securities

256

307

513

606

615

138

127

103

60

260

323

209

428

563

225

315

97

20

92

215

302

329

524

370

423

395

277

564

626

1,226

1,132

774

720

249

0

0

0

Securities impairment recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

946

880

795

760

0

0

0

Net gains on other real estate and repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

180

0

0

452

-

264

-140

-498

-1,237

-2,034

-2,206

-2,519

-2,854

-3,621

-5,261

-5,405

-5,824

0

0

0

Vehicle service contract counterparty contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

160

-

1,603

1,724

4,778

4,837

3,954

4,086

1,285

1,629

7,124

8,188

9,173

11,048

0

0

0

Share based compensation

1,981

1,854

1,786

1,771

1,744

1,731

1,699

1,680

1,723

1,748

1,762

1,711

1,642

1,620

1,524

1,530

1,514

1,477

1,454

1,383

1,310

1,192

1,127

1,392

1,257

1,238

1,299

992

1,060

869

1,018

1,057

1,100

1,208

0

0

0

Net gain on sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

(Increase) decrease in accrued income and other assets

-6,629

6,573

-9,886

4,625

7,032

4,890

7,885

5,458

8,401

3,708

16,126

7,645

7,324

7,182

4,928

3,198

3,130

1,483

-3,096

2,539

1,886

2,579

6,859

3,952

-4,998

-7,747

-11,586

-6,497

-1,082

2,425

-4,719

-15,814

-14,117

-16,872

0

0

0

Increase in accrued expenses and other liabilities

10,257

12,113

15,258

8,761

8,406

240

1,238

3,087

2,960

5,442

1,683

1,610

-2,057

559

458

2,426

396

-1,376

-2,023

-4,992

-5,085

-7,213

-8,435

-7,851

-8,844

-3,508

1,702

3,572

5,853

6,606

1,389

79

213

-1,551

0

0

0

Total Adjustments

4,267

-12,455

-12,139

3,588

8,105

5,082

20,997

12,014

18,454

18,132

-7,161

-1,880

-3,040

938

-6,316

8,712

10,312

2,838

8,014

-5,536

-15,264

-4,950

-1,941

6,330

-33,877

-25,439

-24,737

-44,133

6,017

3,195

2,018

25,054

23,293

55,606

0

0

0

Net Cash From Operating Activities

46,131

33,980

30,353

45,560

48,164

44,921

52,611

38,562

42,116

38,607

17,458

22,253

21,600

23,704

16,165

29,867

30,648

22,855

26,363

12,695

3,400

13,071

16,987

23,834

40,963

52,070

59,878

43,423

34,518

29,393

7,587

20,055

13,998

35,406

0

0

0

Cash Flow Used in Investing Activities
Proceeds from the sale of securities available for sale

48,223

68,716

61,596

59,527

68,695

48,736

39,919

40,923

33,433

17,308

16,486

16,571

27,864

64,103

56,702

55,613

42,642

12,037

18,789

21,293

26,419

14,633

7,630

5,126

1,140

2,940

2,940

21,117

29,770

37,176

37,176

18,999

67,129

70,322

0

0

0

Proceeds from maturities, prepayments and calls of securities available for sale

164,149

153,938

145,869

149,075

159,093

160,627

155,045

162,220

157,715

173,723

196,879

281,250

239,719

203,029

291,685

172,406

173,640

167,040

35,054

34,688

49,975

58,220

52,515

45,695

22,076

29,866

42,297

46,212

105,465

83,190

68,543

64,416

4,233

3,983

0

0

0

Principal payments received on securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

142,375

-

116,420

104,183

91,738

84,487

77,336

67,896

55,067

43,702

34,317

27,242

25,991

23,765

21,972

16,630

12,315

9,282

0

0

0

Purchases of securities available for sale

269,880

237,672

155,664

138,078

151,549

103,493

87,571

77,814

78,548

100,584

168,166

208,051

269,339

297,925

252,909

282,483

231,418

234,693

235,843

200,727

210,924

224,946

249,812

282,737

320,357

332,060

267,318

198,914

145,378

192,726

261,516

268,542

260,899

173,186

0

0

0

Proceeds from the maturity of interest bearing deposits - time

500

250

100

1,986

2,828

3,728

4,478

4,442

3,599

2,850

3,740

3,213

4,826

6,253

6,259

6,597

5,689

6,222

7,245

7,041

7,840

6,719

6,192

4,735

3,232

2,142

0

0

0

-

-

-

-

-

-

-

-

Purchases of interest bearing deposits - time

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,595

0

0

2,647

-

4,591

11,772

27,246

20,260

16,419

8,488

-6,986

0

0

0

0

-

-

-

-

Purchase of Federal Reserve Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

443

593

455

455

458

435

446

446

314

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

The net cash inflow or outflow for the (increase) decrease in the beginning and end of period of portfolio loan balances originated net of principal payments.

172,055

215,276

285,362

315,221

341,372

344,330

352,854

386,057

414,467

406,859

359,888

245,403

145,195

107,472

91,609

99,137

84,453

74,343

70,155

72,925

63,586

37,195

20,510

-4,542

-19,684

-33,192

-46,059

-62,670

-83,388

-90,952

-121,270

-141,409

-167,207

-196,558

0

0

0

Proceeds from the sale of portfolio loans

12,281

50,516

50,597

51,828

51,828

27,658

27,577

16,460

16,460

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in payment plan receivables and other assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance

1,415

470

470

0

0

474

474

474

474

523

523

2,016

2,758

2,235

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash paid for branch sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,292

336,703

336,703

336,703

339,995

0

0

0

-

-

-

-

The cash inflow associated with the collection of vehicle service contract counterparty receivables.

-

-

-

-

-

-

-

-

-

-

-

-

-

4,786

5,508

5,535

5,309

1,092

274

73

129

385

766

6,518

6,838

6,751

6,351

7,577

7,372

7,413

7,588

1,338

1,279

1,613

0

0

0

Proceeds from the sale of other real estate and repossessed assets

1,927

1,766

2,187

2,445

2,085

2,526

3,369

3,044

6,073

5,703

4,508

4,781

3,132

4,251

4,414

4,682

5,688

6,179

11,655

20,116

19,124

18,471

14,322

6,595

11,230

13,546

16,928

20,240

17,544

19,331

18,459

17,466

19,417

18,638

0

0

0

Proceeds from the sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,609

1,961

1,958

0

0

0

-

-

-

-

Capital expenditures

5,185

4,936

3,637

3,371

3,452

3,862

4,462

4,371

4,483

4,242

4,334

4,373

3,528

3,459

3,146

3,446

3,990

4,354

4,563

4,590

4,309

4,298

5,091

6,096

7,216

8,371

7,048

5,565

4,585

5,293

4,840

4,834

4,849

2,779

0

0

0

Net Cash Used in Investing Activities

-218,039

-181,642

-183,231

-193,230

-187,275

-183,367

-189,515

-214,135

-244,306

-277,578

-276,311

-205,332

-192,405

-138,855

-123,717

-168,335

-114,194

-160,513

-125,247

-84,427

-82,564

-82,116

-123,039

-161,367

-217,391

-221,068

-470,990

-356,940

-221,827

-273,895

9,802

-12,031

8,858

127,457

0

0

0

CASH FLOW FROM FINANCING ACTIVITIES
Net increase in total deposits

149,339

123,299

253,669

198,369

216,115

225,185

167,173

246,588

167,342

174,815

136,801

117,927

108,353

139,756

145,998

175,528

162,886

170,314

173,720

53,346

61,731

39,496

46,577

91,982

87,949

105,269

67,373

33,508

69,497

96,428

106,320

120,912

-38,655

-165,713

0

0

0

Net increase in other borrowings

31,296

25,002

-7,148

-2,957

155

-6,600

22,654

3,662

1

6,754

2,998

0

1

0

5

-1

0

-1

-13,651

-13,801

2

-1

13,655

13,803

-6

4

-5

-9

-1

0

-1

10

5

-7

0

0

0

Proceeds from Federal Home Loan Bank advances

271,000

111,000

127,000

255,000

1,232,000

1,272,000

1,363,000

1,424,000

662,000

622,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,000

24,000

36,000

39,000

31,000

0

0

0

Payments of Federal Home Loan Bank advances

226,143

73,143

135,643

251,553

1,248,697

1,308,697

1,396,197

1,486,966

643,587

583,587

0

0

0

-

-

-

-

-

-

-

-

4,817

4,709

4,692

4,781

541

533

517

15,408

27,762

42,005

58,990

51,981

68,638

0

0

0

Net decrease in vehicle service contract counterparty payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,449

-

-2,711

-3,204

-2,682

-3,636

-2,915

-826

-370

1,092

-1,520

-7,479

-6,855

-5,106

0

0

0

Dividends paid

16,785

16,554

16,116

15,690

15,095

14,055

13,006

11,517

10,033

8,960

8,525

8,089

7,657

7,274

6,927

6,587

6,264

5,896

5,495

5,514

5,511

4,129

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

13

284

347

402

536

267

217

162

60

72

78

83

75

82

70

88

128

112

134

140

102

97

-13

97,146

97,123

98,066

99,006

1,878

2,372

1,418

557

497

489

1,335

0

0

0

Repurchase of common stock

37,538

26,284

38,965

38,463

15,211

12,681

0

0

0

-

-

-

-

16,854

21,327

25,340

28,106

13,498

9,025

3,668

902

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share based compensation withholding obligation

606

882

1,019

1,012

1,445

1,467

1,370

1,413

1,040

579

536

487

988

627

627

1,652

1,091

1,091

1,091

66

66

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash From Financing Activities

170,576

142,722

182,125

144,096

168,358

153,952

142,471

174,516

174,743

210,515

192,140

181,817

95,919

112,562

116,671

141,181

126,703

149,425

138,593

24,512

48,776

23,980

40,595

102,695

86,738

108,297

81,513

34,134

56,090

83,176

87,351

90,950

-57,997

-207,129

0

0

0

Net Increase in Cash and Cash Equivalents

-1,332

-4,940

29,247

-3,574

29,247

15,506

5,567

-1,057

-27,447

-28,456

-66,713

-1,262

-74,886

-2,589

9,119

2,713

43,157

11,767

39,709

-47,220

-30,388

-45,065

-65,457

-34,838

-89,690

-60,701

-329,599

-279,383

-131,219

-161,326

104,740

98,974

-35,141

-44,266

0

0

0

Cash Paid During the Period For [Abstract]
Interest

25,933

26,697

25,754

23,380

20,334

16,737

14,091

11,940

10,197

9,163

7,845

7,026

6,543

6,416

6,278

6,049

5,787

5,769

6,217

6,584

7,021

7,365

7,511

15,956

15,925

15,914

16,258

8,755

9,828

11,052

11,901

13,282

15,957

18,729

0

0

0

Income taxes

9,534

9,534

5,934

2,457

120

120

1,102

1,591

1,830

1,970

1,114

702

583

563

503

564

360

295

329

302

270

216

117

-28

38

43

136

182

167

292

231

219

170

59

0

0

0

Operating leases

2,114

2,201

1,692

1,127

563

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers to other real estate and repossessed assets

1,983

2,242

2,451

2,289

1,513

1,510

1,306

1,362

1,555

1,735

1,953

2,094

1,984

2,355

5,642

5,615

6,550

6,694

0

0

0

-

6,796

7,066

6,090

6,932

8,420

10,732

12,784

14,276

15,230

14,623

18,227

19,091

0

0

0

Transfer of payment plan receivables to vehicle service contract counterparty receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,387

1,373

1,203

0

0

70

-

-98

671

844

792

1,239

1,038

1,180

1,469

860

1,713

2,930

8,874

0

0

0

Purchase of securities available for sale not yet settled.

8,997

0

2,075

645

-1,720

0

235

-3,366

-1,826

1,000

-4,093

3,606

-13,701

1,582

-277

2,342

18,175

0

0

0

0

-

-

-

1,581

4,146

3,816

3,211

-8,252

0

0

0

0

-

-

-

0

Securitization of certain mortgage loans with Freddie Mac .

61,605

65,070

40,659

40,659

40,659

10,869

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets obtained in exchange for lease obligations

2,319

9,906

7,767

7,703

7,703

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-