First internet bancorp (INBKL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Operating Activities
Net income

25,239

21,900

15,226

12,074

8,929

4,324

4,593

5,606

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

6,926

5,667

5,299

3,799

1,942

1,904

2,257

2,862

Write-down of other real estate owned

0

2,423

0

0

-

-

-

-

Loss from real estate owned

-

-

-

-

-

-

-

99

Increase in cash surrender value of bank-owned life insurance

-943

-954

-910

-468

-402

-390

-396

-378

Financing Receivable, Credit Loss, Expense (Reversal)

5,966

3,892

4,872

4,330

1,946

349

324

2,852

Share-based compensation expense

1,680

1,596

1,038

736

762

507

514

202

Loss from sale of available-for-sale securities

-458

0

-8

-

-

-

-

-

Loss on other-than-temporary impairment of securities

-

-

-

-

-

-

49

252

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

-

-

-

177

0

538

-63

48

Loans originated for sale

627,600

364,630

412,925

598,439

502,716

409,715

741,078

738,225

Proceeds from sale of loans

601,215

376,535

425,262

619,818

509,373

409,453

784,077

-

Proceeds from sale of loans

-

-

-

-

-

-

-

730,729

Gain on loans sold

12,349

6,605

8,170

12,462

8,845

5,048

8,379

10,647

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

538

57

638

-500

-341

751

-4

0

Loss (gain) on derivatives

671

-501

-577

436

496

-190

307

0

Net change in servicing asset

2,481

0

0

-

-

-

-

-

Amortization of operating lease right-of-use assets

729

0

0

-

-

-

-

-

Deferred income tax

-4,402

978

-3,296

3,544

443

-1,529

2,259

-

Accrued interest receivable

-

-

-

-

-

-

-

67

Net change in accrued income and other assets

42,079

11,807

2,273

7,390

1,227

-2,035

2,404

-417

Net change in accrued expenses and other liabilities

5,270

-83

554

1,041

858

1,189

-36

861

Net cash used in operating activities

-43,577

29,356

24,624

-

-

-

-

-

Net cash provided by operating activities

-

-

-

26,470

10,908

1,980

41,540

-5,683

Investing activities
Investing Activities
Net loan activity, excluding purchases

191,070

463,528

870,181

247,957

220,828

124,696

61,039

19,274

Maturities and calls of securities available-for-sale

92,610

62,507

68,342

42,616

21,759

21,254

29,757

45,625

Proceeds from sale of securities available-for-sale

30,137

0

9,192

49,430

0

137,816

72,019

4,223

Purchase of securities available-for-sale

171,997

87,993

91,463

349,683

100,335

112,000

134,471

59,002

Purchase of securities held-to-maturity

39,208

3,554

2,550

16,672

0

0

-

-

Purchase of Federal Home Loan Bank of Indianapolis stock

2,025

4,050

10,665

315

3,245

2,407

0

-

Purchase of premises and equipment

4,105

2,219

1,517

3,173

2,543

915

7,187

309

Loans purchased

332,945

171,958

67,285

50,718

0

106,480

83,265

9,737

Net change in interest-bearing deposits

0

0

-250

-750

-1,000

-500

2,500

0

Purchase of bank owned life insurance

0

0

10,000

11,000

0

0

-

3,000

Proceeds from sales of other real estate owned

554

332

30

0

0

235

1,268

1,345

Net proceeds from sale of portfolio loans

293,708

41,916

67,696

0

0

-

-

-

Other investing activities

-11,068

10,166

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-313,273

-638,713

-908,151

-

-

-

-

-

Net cash used in investing activities

-

-

-

-586,722

-304,192

-186,693

-185,418

-40,129

Financing activities
Financing Activities
Net increase in deposits

482,612

586,410

622,074

506,813

197,456

85,503

142,404

44,026

Cash dividends paid

2,418

2,230

1,675

1,199

1,093

1,080

450

479

Net proceeds from issuance of subordinated debt

35,418

0

0

23,757

9,761

0

3,000

0

Repayment of subordinated debt

0

3,000

0

0

-

-

-

-

Net proceeds from common stock issuance

0

54,334

51,636

46,223

0

0

29,101

0

Repurchase of common stock

9,784

216

0

0

-

-

-

-

Proceeds from advances from Federal Home Loan Bank

595,000

375,000

542,000

157,000

300,000

170,000

13,000

0

Repayment of advances from Federal Home Loan Bank

605,000

260,000

321,806

158,000

216,000

95,000

22,000

0

Other, net

-329

-210

-173

-42

23

-111

0

-

Net cash provided by financing activities

-

-

-

574,552

290,147

159,312

165,055

43,547

Net cash provided by financing activities

495,499

750,088

892,056

-

-

-

-

-

Net Increase (Decrease) in Cash and Cash Equivalents

138,649

140,731

8,529

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

14,300

-3,137

-25,401

21,177

-2,265

Supplemental Disclosures
Initial recognition of right-of-use asset

2,096

0

0

-

-

-

-

-

Initial recognition of operating lease liabilities

2,096

0

0

-

-

-

-

-

Cash paid during the period for interest

81,788

52,403

30,516

-

-

-

-

-

Cash paid during the year for interest

-

-

-

19,215

10,674

8,933

8,106

8,532

Cash paid during the year for taxes

4,561

485

6,568

5,894

3,793

2,346

770

2,253

Loans transferred to other real estate owned

0

227

648

45

0

0

581

3,401

Loans transferred to held-for-sale from portfolio

291,152

16,065

95,531

0

0

-

-

-

Cash dividends declared, paid in subsequent period

585

611

504

388

267

265

265

0

Capital committed to Small Business Investment Company fund, not contributed

-

-

-

4,000

0

0

-

-

Transfer of mutual fund securities to other assets

0

2,932

0

0

-

-

-

-