First internet bancorp (INBK)
CashFlow / Quarterly
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'12
Operating activities
Operating Activities
Net income

6,019

7,096

6,326

6,121

5,696

3,576

6,288

6,008

6,028

3,498

4,895

4,001

2,832

3,710

3,098

2,834

2,432

2,278

2,323

2,265

2,063

1,465

1,282

977

600

666

727

1,712

1,488

1,554

1,626

1,280

1,146

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,633

80

78

71

Depreciation and amortization

1,644

-

1,553

1,476

2,271

-

1,314

1,523

1,425

-

1,408

1,263

1,205

-

1,099

893

575

-

466

466

456

-

428

546

458

-

509

380

885

-

-

-

-

Loss from real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46

-21

Increase in cash surrender value of bank-owned life insurance

-236

-238

-237

-234

-234

-240

-240

-237

-237

-249

-254

-235

-172

-151

-112

-106

-99

-102

-101

-101

-98

-99

-98

-97

-96

-100

-100

-99

-97

-97

-96

-95

-90

Financing Receivable, Credit Loss, Expense (Reversal)

1,461

468

2,824

1,389

1,285

1,487

888

667

850

1,179

1,336

1,322

1,035

256

2,204

924

946

746

454

304

442

387

-112

-73

147

223

-57

24

134

744

974

564

570

Share-based compensation expense

555

402

416

384

478

339

346

332

579

251

255

247

285

189

189

185

173

131

173

176

282

64

191

127

125

240

214

31

29

142

20

25

15

Loss on other-than-temporary impairment of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15

34

48

112

92

0

Loss (gain) from sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

54

125

359

6

97

19

-185

-1

0

9

40

Gain on sale of available-for-sale securities

41

-

0

-458

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans originated for sale

215,385

197,100

210,234

145,027

75,239

82,130

104,118

95,899

82,483

110,038

107,761

108,960

86,166

159,280

180,064

151,111

107,984

116,363

108,453

143,741

134,159

124,029

123,694

85,040

76,952

134,310

94,237

275,731

236,800

214,464

194,507

180,245

149,009

Proceeds from sale of loans

225,547

186,044

203,739

130,432

81,000

88,979

102,777

93,938

90,841

108,092

118,330

96,565

102,275

167,576

195,650

139,627

116,965

109,370

112,938

143,328

143,737

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

119,020

82,141

89,293

-

121,814

296,178

241,449

210,376

177,183

169,484

173,686

Gain on loans sold

6,144

5,292

3,929

1,759

1,369

1,404

1,622

1,493

2,086

2,294

2,453

1,586

1,837

3,986

3,980

2,896

1,600

1,950

2,050

2,531

2,314

1,770

1,370

1,101

807

1,171

743

3,454

3,011

3,656

3,206

2,035

1,750

Gain on sale of other real estate owned

-

-

-

-

-

-

0

0

105

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in fair value of loans held-for-sale

316

86

100

534

-182

307

-168

151

-233

119

-6

152

373

-1,060

-426

632

354

-198

349

-669

177

324

37

193

197

-544

1,667

-1,127

0

-

-

-

-

Loss (gain) on derivatives

-1,163

-624

742

239

314

-601

-32

-10

142

-488

88

417

-594

-519

888

-233

300

53

-304

352

395

-252

231

-65

-104

288

-1,111

1,130

0

-

-

-

-

Net change in servicing asset

-66

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

152

198

178

177

176

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

827

647

354

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

539

134

-59

-67

-1

16

119

Net change in accrued income and other assets

40,631

-7,488

5,184

23,550

20,833

11,658

-2,090

3,180

-941

-37

2,096

2,508

-2,294

4,072

-624

2,493

1,449

1,531

-54

-122

-128

-1,505

916

-626

-820

3,565

597

-1,890

132

362

-421

-1,501

1,143

Net change in accrued expenses and other liabilities

311

2,973

-2,179

2,906

1,570

1,841

-447

-553

-924

-976

643

2,627

-1,740

691

-1,135

2,804

-1,319

451

970

-546

-17

551

-20

220

438

-959

-27

-11,221

12,171

-26

625

24

238

Net cash used in operating activities

-25,835

-2,724

-7,522

-28,048

-5,283

6,022

7,449

965

14,920

-2,004

14,229

-7,833

20,232

-

17,111

-9,915

7,986

-

6,742

46

9,948

-

-5,541

-1,896

13,574

-

26,311

9,569

16,394

-

-16,227

-10,851

26,236

Investing activities
Investing Activities
Net loan activity, excluding purchases

1,305

17,850

19,961

79,476

73,783

189,021

72,320

133,196

68,991

240,640

204,044

251,795

173,702

37,113

74,201

57,749

78,894

77,347

62,191

46,170

35,120

36,548

14,552

42,315

31,281

31,934

19,968

8,715

422

7,354

-1,211

14,827

-1,696

Proceeds from sale of other real estate owned

-

-

-

-

-

-

0

0

332

-

0

0

30

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and calls of securities available-for-sale

30,851

34,504

27,156

17,110

13,840

13,569

17,337

19,179

12,422

18,177

13,507

16,093

20,565

13,601

12,712

10,215

6,088

5,437

5,807

5,423

5,092

6,860

5,448

5,750

3,196

2,438

5,255

8,407

13,657

12,274

11,661

15,110

6,580

Proceeds from sale of securities available-for-sale

795

0

0

30,137

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

24,229

67,214

46,373

30,339

640

-794

41,834

746

0

1,395

2,082

Purchase of securities available-for-sale

95,835

35,395

59,768

30,272

46,562

22,704

34,104

16,727

14,458

1,157

25,629

33,202

31,475

18,182

59,372

174,201

97,928

21,854

12,660

35,223

30,598

15,197

0

24,572

72,231

-1,156

32,101

39,295

64,231

-

-

-

-

Purchase of securities held-to-maturity

0

15,092

11,000

4,616

8,500

2,554

1,000

0

0

0

0

0

2,550

11,172

5,500

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Federal Home Loan Bank of Indianapolis stock

-

-

-

-

-

1,575

0

1,800

675

0

0

6,525

4,140

315

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-25,967

-33,033

Purchase of premises and equipment

4,856

524

729

1,288

1,564

1,058

258

455

448

696

452

185

184

306

1,214

1,385

268

310

647

1,270

316

232

126

533

24

624

-763

2,511

4,815

19

39

28

223

Loans purchased

97,306

124,150

49,727

79,725

79,343

39,917

50,176

34,349

47,516

24,940

20,066

13,458

8,821

14,580

14,813

13,318

8,007

0

0

0

0

-

-

-

-

-

-

-

-

0

9,737

-9,737

9,737

Net change in interest-bearing deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

1,500

0

0

0

0

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

671

665

29

Net proceeds from sale of portfolio loans

193,533

55,692

53,921

148,422

35,673

16,199

0

0

25,717

41,017

26,679

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

25,877

-91,193

-60,108

-1,733

-160,239

-227,061

-150,687

-167,348

-93,617

-208,239

-200,813

-298,822

-200,277

-

-147,388

-186,258

-179,009

-

-69,691

-78,086

-60,942

-

-34,029

-51,173

-53,967

-

-98,753

-43,908

-15,477

-

3,765

-13,915

-35,606

Financing activities
Financing Activities
Net increase in deposits

24,543

5,721

141,979

195,155

139,757

224,787

52,280

217,163

92,180

87,913

264,916

174,993

94,252

-30,734

104,668

145,755

287,124

56,304

43,247

35,334

62,571

20,628

-6,203

16,521

54,557

36,442

75,491

14,495

15,976

8,032

634

10,652

24,708

Cash dividends paid

585

610

594

601

613

610

612

501

507

392

507

388

388

330

331

271

267

293

266

269

265

286

265

265

264

168

168

114

0

-

-

-

-

Repurchase of common stock

0

0

5,651

2,387

1,746

216

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from advances from Federal Home Loan Bank

110,000

110,000

110,000

210,000

165,000

150,000

85,000

85,000

55,000

95,000

60,000

195,000

192,000

92,000

25,000

0

40,000

80,000

40,000

90,000

90,000

75,000

65,000

30,000

0

-

-

-

-

-

-

-

-

Repayment of advances from Federal Home Loan Bank

110,000

110,000

110,000

190,000

195,000

50,000

50,000

108,000

52,000

50,001

130,000

49,805

92,000

50,000

25,000

3,000

80,000

40,000

30,000

56,000

90,000

55,000

0

30,000

10,000

0

5,000

2,000

15,000

0

0

0

0

Other, net

-93

-235

0

0

-94

0

0

0

-210

0

0

0

-173

1

0

-1

-42

36

11

5

-29

21

1

-3

-130

0

0

0

0

-

-

-

-

Net cash provided by financing activities

23,865

4,876

135,734

247,585

107,304

323,961

86,668

244,996

94,463

132,520

246,045

319,800

193,691

-

128,094

165,237

246,815

-

52,992

69,070

62,277

-

58,533

16,253

44,163

-

83,323

15,381

976

-

634

10,652

24,708

Net Increase (Decrease) in Cash and Cash Equivalents

23,907

-

-

-

-58,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-56,570

78,613

15,766

-

59,461

13,145

13,646

-28,373

-2,183

-30,936

75,792

4,507

-9,957

-8,970

11,283

-11,318

18,963

-36,816

3,770

27,361

10,881

-18,958

1,893

8,339

-11,828

-14,114

15,338

Supplemental Disclosures
Initial recognition of right-of-use asset

0

0

0

0

2,096

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

0

0

0

0

2,096

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

21,699

21,371

22,745

19,358

18,314

16,207

13,801

11,930

10,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the year for interest

-

-

-

-

-

-

-

-

-

-

-

6,939

5,897

5,873

5,146

4,635

3,561

3,021

2,693

2,554

2,406

2,233

2,288

2,226

2,186

2,121

2,106

1,914

1,965

2,016

2,187

2,152

2,177

Cash paid during the year for taxes

-

-

-

-

-

125

0

-1,340

1,700

3,646

2,841

81

0

8

2,975

1,390

1,521

1,290

1,433

1,070

0

-

-

-

-

47

0

673

50

1,518

37

698

0

Loans transferred to other real estate owned

-

-

-

-

-

0

0

0

227

0

648

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,121

280

0

0

Loans transferred to held-for-sale from portfolio

192,768

53,210

53,921

148,422

35,599

16,065

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared, paid in subsequent period

585

0

-16

-5

606

0

0

107

504

0

113

1

390

57

0

62

269

0

0

-1

268

0

0

1

264

96

0

56

113

-

-

-

-

Securities purchased during the period, settled in subsequent period

-

-

-

-

-

-

-

-

-

-

-477

-540

2,175

-

-6,467

574

8,131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

4,479

-

0

0

0

-

0

0

2,932

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-