First Internet Bancorp INBK Cash Flow

First internet bancorp (INBK)

CashFlow / TTM

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
Operating activities
Operating Activities
Net income
25,562	25,239	21,719	21,681	21,568	21,900	21,822	20,429	18,422	15,226	15,438	13,641	12,474	12,074	10,642	9,867	9,298	8,929	8,116	7,075	5,787	4,324	3,525	2,970	3,705	4,593	5,481	6,380	5,948	5,606	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,862	0	0	0
Depreciation and amortization
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Loss from real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Increase in cash surrender value of bank-owned life insurance
-945	-943	-945	-948	-951	-954	-963	-977	-975	-910	-812	-670	-541	-468	-419	-408	-403	-402	-399	-396	-392	-390	-391	-393	-395	-396	-393	-389	-385	-378	0	0	0
Financing Receivable, Credit Loss, Expense (Reversal)
6,142	5,966	6,985	5,049	4,327	3,892	3,584	4,032	4,687	4,872	3,949	4,817	4,419	4,330	4,820	3,070	2,450	1,946	1,587	1,021	644	349	185	240	337	324	845	1,876	2,416	2,852	0	0	0
Share-based compensation expense
1,757	1,680	1,617	1,547	1,495	1,596	1,508	1,417	1,332	1,038	976	910	848	736	678	662	653	762	695	713	664	507	683	706	610	514	416	222	216	202	0	0	0
Loss on other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	97	209	286	252	0	0	0
Loss (gain) from sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	538	544	587	481	-63	-70	-167	-177	48	0	0	0
Gain on sale of available-for-sale securities
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
767,746	627,600	512,630	406,514	357,386	364,630	392,538	396,181	409,242	412,925	462,167	534,470	576,621	598,439	555,522	483,911	476,541	502,716	510,382	525,623	466,922	409,715	419,996	390,539	581,230	741,078	821,232	921,502	826,016	738,225	0	0	0
Proceeds from sale of loans
745,762	601,215	504,150	403,188	366,694	376,535	395,648	411,201	413,828	425,262	484,746	562,066	605,128	619,818	561,612	478,900	482,601	509,373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	869,817	925,186	798,492	730,729	0	0	0
Gain on loans sold
17,124	12,349	8,461	6,154	5,888	6,605	7,495	8,326	8,419	8,170	9,862	11,389	12,699	12,462	10,426	8,496	8,131	8,845	8,665	7,985	6,555	5,048	4,449	3,822	6,175	8,379	10,864	13,327	11,908	10,647	0	0	0
Gain on sale of other real estate owned
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in fair value of loans held-for-sale
1,036	538	759	491	108	57	-131	31	32	638	-541	-961	-481	-500	362	1,137	-164	-341	181	-131	731	751	-117	1,513	193	-4	0	0	0	-	-	-	-
Loss (gain) on derivatives
-806	671	694	-80	-329	-501	-388	-268	159	-577	-608	192	-458	436	1,008	-184	401	496	191	726	309	-190	350	-992	203	307	0	0	0	-	-	-	-
Net change in servicing asset
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease right-of-use assets
705	729	531	353	176	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	547	7	-111	67	0	0	0
Net change in accrued income and other assets
61,877	42,079	61,225	53,951	33,581	11,807	112	4,298	3,626	2,273	6,382	3,662	3,647	7,390	4,849	5,419	2,804	1,227	-1,809	-839	-1,343	-2,035	3,035	2,716	1,452	2,404	-799	-1,817	-1,428	-417	0	0	0
Net change in accrued expenses and other liabilities
4,011	5,270	4,138	5,870	2,411	-83	-2,900	-1,810	1,370	554	2,221	443	620	1,041	801	2,906	-444	858	958	-32	734	1,189	-321	-328	-11,769	-36	897	1,549	12,794	861	0	0	0
Net cash used in operating activities
-64,129	-43,577	-34,831	-19,860	9,153	29,356	21,330	28,110	19,312	24,624	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Investing activities
Investing Activities
Net loan activity, excluding purchases
118,592	191,070	362,241	414,600	468,320	463,528	515,147	646,871	765,470	870,181	666,654	536,811	342,765	247,957	288,191	276,181	264,602	220,828	180,029	132,390	128,535	124,696	120,082	125,498	91,898	61,039	36,459	15,280	21,392	19,274	0	0	0
Proceeds from sale of other real estate owned
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and calls of securities available-for-sale
109,621	92,610	71,675	61,856	63,925	62,507	67,115	63,285	60,199	68,342	63,766	62,971	57,093	42,616	34,452	27,547	22,755	21,759	23,182	22,823	23,150	21,254	16,832	16,639	19,296	29,757	39,593	45,999	52,702	45,625	0	0	0
Proceeds from sale of securities available-for-sale
30,932	30,137	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137,816	168,155	144,566	76,558	72,019	42,426	41,786	43,975	4,223	0	0	0
Purchase of securities available-for-sale
221,270	171,997	159,306	133,642	120,097	87,993	66,446	57,971	74,446	91,463	108,488	142,231	283,230	349,683	353,355	306,643	167,665	100,335	93,678	81,018	70,367	112,000	95,647	127,748	142,471	134,471	0	0	0	-	-	-	-
Purchase of securities held-to-maturity
30,708	39,208	26,670	16,670	12,054	3,554	1,000	0	0	2,550	13,722	19,222	19,222	16,672	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Federal Home Loan Bank of Indianapolis stock
-	-	-	-	-	4,050	2,475	2,475	7,200	10,665	10,980	10,980	4,455	315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchase of premises and equipment
7,397	4,105	4,639	4,168	3,335	2,219	1,857	2,051	1,781	1,517	1,127	1,889	3,089	3,173	3,177	2,610	2,495	2,543	2,465	1,944	1,207	915	1,307	418	2,396	7,187	6,582	7,384	4,901	309	0	0	0
Loans purchased
350,908	332,945	248,712	249,161	203,785	171,958	156,981	126,871	105,980	67,285	56,925	51,672	51,532	50,718	36,138	21,325	8,007	0	0	0	0	-	-	-	-	-	-	-	-	9,737	0	0	0
Net change in interest-bearing deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	2,500	2,500	1,500	0	0	0	0
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0
Proceeds from sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,345	0	0	0
Net proceeds from sale of portfolio loans
451,568	293,708	254,215	200,294	51,872	41,916	66,734	93,413	93,413	67,696	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-127,157	-313,273	-449,141	-539,720	-705,335	-638,713	-619,891	-670,017	-801,491	-908,151	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Financing activities
Financing Activities
Net increase in deposits
367,398	482,612	701,678	611,979	633,987	586,410	449,536	662,172	620,002	622,074	503,427	343,179	313,941	506,813	593,851	532,430	422,009	197,456	161,780	112,330	93,517	85,503	101,317	183,011	180,985	142,404	113,994	39,137	35,294	44,026	0	0	0
Cash dividends paid
2,390	2,418	2,418	2,436	2,336	2,230	2,012	1,907	1,794	1,675	1,613	1,437	1,320	1,199	1,162	1,097	1,095	1,093	1,086	1,085	1,081	1,080	962	865	714	450	0	0	0	-	-	-	-
Repurchase of common stock
8,038	9,784	10,000	4,349	1,962	216	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from advances from Federal Home Loan Bank
540,000	595,000	635,000	610,000	485,000	375,000	320,000	295,000	405,000	542,000	539,000	504,000	309,000	157,000	145,000	160,000	250,000	300,000	295,000	320,000	260,000	170,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of advances from Federal Home Loan Bank
520,000	605,000	545,000	485,000	403,000	260,000	260,001	340,001	281,806	321,806	321,805	216,805	170,000	158,000	148,000	153,000	206,000	216,000	231,000	201,000	175,000	95,000	40,000	45,000	17,000	22,000	22,000	17,000	15,000	0	0	0	0
Other, net
-328	-329	-94	-94	-94	-210	-210	-210	-210	-173	-172	-172	-173	-42	-7	4	10	23	8	-2	-10	-111	-132	-133	-130	0	0	0	0	-	-	-	-
Net cash provided by financing activities
412,060	495,499	814,584	765,518	762,929	750,088	558,647	718,024	792,828	892,056	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net Increase (Decrease) in Cash and Cash Equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase in Cash and Cash Equivalents
-	-	-	-	-	-	0	0	10,649	-	57,879	-3,765	-47,846	14,300	47,180	39,406	61,372	-3,137	-18,962	9,958	-17,888	-25,401	13,278	5,196	23,054	21,177	2,155	-20,554	-15,710	-2,265	0	0	0
Supplemental Disclosures
Initial recognition of right-of-use asset
0	2,096	2,096	2,096	2,096	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	2,096	2,096	2,096	2,096	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
85,173	81,788	76,624	67,680	60,252	52,403	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for interest
-	-	-	-	-	-	-	-	-	-	-	23,855	21,551	19,215	16,363	13,910	11,829	10,674	9,886	9,481	9,153	8,933	8,821	8,639	8,327	8,106	8,001	8,082	8,320	8,532	0	0	0
Cash paid during the year for taxes
-	-	-	-	-	485	4,006	6,847	8,268	6,568	2,930	3,064	4,373	5,894	7,176	5,634	5,314	3,793	0	0	0	-	-	-	-	770	2,241	2,278	2,303	2,253	0	0	0
Loans transferred to other real estate owned
-	-	-	-	-	227	227	875	875	648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,401	0	0	0
Loans transferred to held-for-sale from portfolio
448,321	291,152	254,007	200,086	51,664	16,065	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared, paid in subsequent period
564	585	585	601	713	611	611	724	618	504	561	448	509	388	331	331	268	267	267	267	269	265	361	361	416	265	0	0	0	-	-	-	-
Securities purchased during the period, settled in subsequent period
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of available-for-sale municipal securities to held-to-maturity municipal securities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-