Independent bank corp. (INDB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

165,175

121,622

87,204

76,648

64,960

59,845

50,254

42,627

45,436

40,240

22,989

Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization

19,439

15,629

15,760

14,354

12,307

12,108

8,490

10,212

9,634

9,880

5,744

Change In Unamortized Net Loan Costs And Premiums

10,086

-365

79

-

-

-

-

-

-

-

-

(Gain) loss on termination of derivatives

-

-

-

-

-

-

-

2,227

0

0

-

Provision for credit losses

6,000

4,775

2,950

6,075

1,500

10,403

10,200

18,056

11,482

18,655

17,335

Deferred income tax expense

10,594

-4,497

9,211

-5

10,220

2,840

2,557

-1,919

91

-2,494

-2,281

Tax Expense related to a change in tax law

0

0

466

0

0

-

-

-

-

-

-

Net unrealized (gain) loss on equity securities

1,566

-1,225

-

-

-

-

-

-

-

-

-

Loss on write-down of investments in securities available for sale

-1,462

-

3

-26

-405

191

230

116

723

458

1,354

Gain (Loss) on Sale of Other Investments

-

-

-

-

-

-

-

-76

-

-

-

Loss on write-down of investments in securities available for sale

-

-

-

-

-

-

-

-

243

334

8,958

Net loss on bank premises and equipment

474

1,126

108

-114

-221

-469

-560

30

-353

-280

-85

Loss on termination of derivatives

-

-

-

-

-

-1,122

0

22

-

-

-

Gain resulting from early termination of a hedging relationship

-

-

-

-

-

-

-

-

0

0

3,778

Net loss on other real estate owned and foreclosed assets

-401

-112

-288

-29

-1,152

-723

-606

-996

-1,562

-367

-415

Realized gain on sale leaseback transaction

578

730

1,034

1,034

1,034

1,034

1,034

1,034

1,034

1,034

1,034

Stock based compensation

4,403

4,225

3,333

2,965

2,490

2,712

2,462

2,845

2,483

1,666

774

Excess tax benefit related to equity award activity

-

-

-

476

1,042

704

503

426

20

-

-

Increase in cash surrender value of life insurance policies

5,013

4,060

4,127

4,089

3,692

3,128

3,229

3,114

3,159

3,192

2,651

Gain Realized on Life Insurance Policies

434

1,463

0

-

-

1,964

227

1,307

0

0

-

Operating Lease, Payments

10,669

0

0

-

-

-

-

-

-

-

-

Change in Fair Value on Loans Held for Sale

822

-51

-113

87

-22

18

-

-141

856

-593

-

Net change in:
Trading assets

675

180

520

448

356

0

0

265

643

1,426

3,470

Loans held for sale

-59,932

1,714

-1,258

62

-876

-2,012

-39,305

27,828

-8,273

15,044

5,115

Other assets

39,850

-503

-20,022

-7,627

-3,842

1,907

-48,903

1,575

31,524

15,608

-9,820

Increase (Decrease) in Other Operating Liabilities

19,283

7,100

-3,825

-8,738

-2,450

7,017

-16,016

4,408

14,871

13,894

-15,021

Total adjustments

51,347

20,215

43,705

16,251

24,583

30,460

91,081

1,325

11,033

6,413

8,427

Net cash provided by (used in) operating activities

216,522

141,837

130,909

92,899

89,543

90,305

141,335

43,952

56,469

46,653

31,416

Cash flows provided by (used in) investing activities
Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment

1,461

5,752

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Equity Securities, FV-NI

711

6,315

0

0

-

-

-

-

-

-

-

Proceeds from Sale of Available-for-sale Securities, Equity

-

-

0

0

-

-

-

-

-

-

-

Proceeds from Sale of Debt Securities, Available-for-sale

45,863

-

1,027

618

14,199

5,438

3,506

2,101

14,639

6,423

168,556

Proceeds from maturities and principal repayments of securities available for sale

51,104

82,418

54,191

69,775

78,497

47,720

81,727

101,808

108,312

173,608

158,458

Payments to Acquire Debt Securities, Available-for-sale

68,677

78,990

140,885

69,671

73,064

37,047

47,975

93,647

50,975

46,349

92,966

Proceeds from maturities and principal repayments of securities held to maturity

126,991

82,355

78,757

90,991

60,168

44,710

49,165

59,887

44,090

22,570

7,660

Purchases of securities held to maturity

59,967

195,538

89,033

100,198

162,021

69,544

222,027

34,239

47,343

132,331

68,381

Net redemption (purchases) of Federal Home Loan Bank stock

-18,896

2,376

-386

-5,229

-23,054

-6,693

-3,093

-2,290

0

0

-

Investments in low income housing projects

-10,052

-3,434

-7,645

-7,626

-15,055

-16,452

0

0

-

-

-

Purchases of life insurance policies

163

164

164

163

162

10,161

267

267

267

267

267

Proceeds from Life Insurance Policy

3,162

2,850

0

0

-

6,310

0

3,280

0

0

-

Net increase in loans

-27,816

258,633

204,702

227,838

114,550

266,961

84,264

297,394

256,282

187,374

69,905

Cash Acquired in Excess of Payments to Acquire Business

105,264

6,906

6,289

8,668

13,448

0

-10,520

8,965

457

269

-97,335

Purchases of bank premises and equipment

16,583

11,106

25,080

10,395

10,488

7,678

9,293

6,263

8,317

7,022

6,601

Proceeds from the sale of bank premises and equipment

3,796

2,189

6,306

345

1,233

1,219

29

67

496

37

67

Payments on early termination of hedging relationship

-

-

-

-

-

1,122

-

-22

0

0

-

Proceeds Resulting from Early Termination of a Hedging Relationship

-

-

-

-

-

-

-

-

-

-

6,099

Proceeds from the sale of other real estate owned and foreclosed assets

2,488

387

3,784

1,583

7,667

7,458

9,731

5,649

6,276

7,190

5,124

Net payments relating to other real estate owned and foreclosed assets

-

-

-

204

1,571

3,255

2,541

2,268

-

-

-

Capital improvements to other real estate owned

-

-

-

-

-

-

-

-

938

-

-

Net cash used in investing activities

20,160

-387,511

-316,769

-238,886

-205,541

-292,672

-208,596

-267,939

-190,766

-163,784

205,179

Cash flows provided by (used in) financing activities
Net increase (decrease) in time deposits

-45,272

-1,430

-19,509

-104,803

-80,726

-94,008

-79,136

-21,074

-63,014

-224,605

-170,699

Net increase in other deposits

-160,637

280,017

177,241

350,739

428,713

318,056

300,000

333,488

312,060

477,094

265,506

Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net

-132,046

67,046

-

-37,000

-10,000

-65,000

-50,000

-

-

-22,333

19,572

Net (decrease) increase in short-term Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-

50,000

-10,000

-81,000

Proceeds from Federal Home Loan Bank Borrowings

-

-

-

-

-

-

-

-

856

-

-

Repayments of long term Federal Home Loan Bank Borrowings

-

-

-

-

-

-

-

-

123,000

-

-

Increase Decrease in Federal Home Loan Bank Advances Long Term

-25,000

-2,475

0

-65,791

-9,000

-5,000

-79,946

-79,991

-

-50,000

-180,910

Net decrease in customer repurchase agreements

-

-21,503

-14,234

42,955

-13,932

-1,398

-4,071

-12,769

48,009

-

-

Proceeds from Lines of Credit

49,980

0

0

-

-

-

-

-

-

-

-

Repayments of Lines of Credit

49,980

0

0

-

-

-

-

-

-

-

-

Proceeds from Debt, Net of Issuance Costs

74,867

0

0

-

-

-

-

-

-

-

-

RepaymentsOfJuniorSubordinatedDebt

13,329

0

0

-

-

-

-

-

-

-

-

Proceeds from Issuance of Subordinated Long-term Debt

49,526

0

0

-

-

35,000

-

0

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-437

-122

0

763

0

0

-

-

Increase (Decrease) in Payables under Repurchase Agreements

-

-

-

-

-50,000

0

0

-

-

-

-

Net decrease in other short term borrowings

-

-

-

-

-

-5,000

-7,000

1,947

0

892

-794

Repayments of Subordinated Debt

34,767

0

0

-

30,000

-

0

-

-

-

-

Net decrease in treasury tax and loan notes

-

-

-

-

-

-

-

-

-3,044

-

-

Proceeds from Issuance of Preferred Stock and Stock Warrants

-

-

-

-

-

-

-

-

-

-

78,158

Redemption of Preferred Stock

-

-

-

-

-

-

-

-

-

-

78,158

Redemption of Warrants

-

-

-

-

-

-

-

-

-

-

2,200

Net proceeds from exercise of stock options

281

184

214

201

1,367

2,333

2,475

1,108

4,127

743

307

Restricted stock awards issued, net of awards surrendered

-1,463

-1,371

-1,422

-696

-657

-641

-669

-467

-361

-114

-3

Excess tax benefit from stock based compensation

-

-

-

476

1,042

704

503

426

20

68

-3

Tax benefit from deferred compensation distribution

-

-

-

187

179

138

109

92

80

-

-

Proceeds from shares issued under direct stock purchase plan

4,951

2,712

1,636

2,323

2,695

1,555

969

1,691

824

0

-

Preferred Dividends

-

-

-

-

-

-

-

-

-

-

1,118

Common dividends paid

53,274

40,167

34,045

29,711

26,172

22,443

15,122

22,494

16,038

15,237

13,455

Net cash provided by financing activities

-336,163

283,013

109,881

159,317

213,509

164,296

68,112

201,957

210,519

156,508

-164,797

Net increase (decrease) in cash and cash equivalents

-99,481

37,339

-75,979

13,330

97,511

-38,071

851

-22,030

76,222

39,377

71,798

Supplemental schedule of noncash activities
Interest on deposits and borrowings

49,704

25,337

18,626

18,963

20,773

20,257

23,475

23,205

29,659

38,528

52,884

Income taxes

39,575

27,809

32,865

33,473

11,841

14,547

12,171

11,059

18,962

12,627

4,877

Transfer of loans to other real estate owned and foreclosed assets

-

-

511

1,322

1,522

5,248

2,869

7,061

6,285

10,836

4,440

Real Estate Owned, Transfer to Real Estate Owned

-

-

-

-

142

-

-

-

-

-

-

Net increase in capital commitments relating to low income housing project investments

36,543

2,833

20

5,180

1,658

38,839

51

0

-

-

-

Transfer of customer repurchase agreements to deposits noncash

0

141,176

0

0

-

-

-

-

-

-

-

Right-of-Use Asset Obtained in Exchange for Operating Lease Liability

14,951

0

0

-

-

-

-

-

-

-

-

Business Combinations [Abstract]
Common stock issued for acquisition

499,693

42,474

23,468

40,730

86,415

0

29,390

30,389

-

-

-