Independent Bank Corp. INDB Cash Flow

Independent bank corp. (INDB)

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	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
156,701	165,175	147,632	128,802	129,292	121,622	113,752	104,589	94,034	87,204	82,319	78,951	78,762	76,648	78,924	77,035	74,111	64,960	61,483	58,626	55,922	59,845	54,456	53,373	51,385	50,254	49,634	46,580	42,696	42,627	43,827	44,185	46,431	45,436	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation and amortization
22,330	19,439	17,852	12,630	15,549	15,629	15,959	16,327	16,384	15,760	15,122	14,566	15,006	14,354	13,709	13,118	12,067	12,307	12,253	12,386	12,496	12,108	11,404	10,491	9,183	8,490	8,580	9,018	9,687	10,212	10,356	10,084	9,845	9,634	0	0	0
Change In Unamortized Net Loan Costs And Premiums
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
30,000	6,000	3,200	4,275	5,275	4,775	4,875	3,800	2,850	2,950	5,650	6,600	6,150	6,075	2,575	2,425	2,525	1,500	2,750	3,851	5,401	10,403	11,803	12,552	13,402	10,200	11,400	12,356	17,756	18,056	17,506	15,900	10,882	11,482	0	0	0
Deferred income tax expense
13,163	10,594	-4,502	-4,381	-4,317	-4,497	8,944	8,852	8,861	9,211	124	222	242	-5	5,162	5,263	10,043	10,220	7,753	7,649	3,008	2,840	3,011	3,115	3,026	2,557	-1,886	-1,895	-1,908	-1,919	95	93	93	91	0	0	0
Net unrealized (gain) loss on equity securities
-1,142	1,566	444	557	167	-1,225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on write-down of investments in securities available for sale
-	-	-	-	-	-	-	-	-	3	14	3	4	-26	0	0	0	-	-	-	-	191	372	305	321	230	0	0	0	-	-	-	-	-	-	-	-
Loss on write-down of investments in securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	243	0	0	0
Net loss on bank premises and equipment
79	474	954	1,083	1,094	1,126	7	20	119	108	0	0	0	-	-	-	-	-221	-177	-189	-114	-469	-1,038	-922	-885	-560	-26	-14	-7	30	0	0	0	-	-	-	-
Gain resulting from early termination of a hedging relationship
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net loss on other real estate owned and foreclosed assets
-	-	-	-	-	-112	19	-219	-318	-288	-296	-58	-86	-29	-123	-563	-400	-1,152	-1,432	-1,121	-1,205	-723	-920	-711	-592	-606	-247	-833	-1,099	-996	-1,050	-2,805	-1,183	-1,562	0	0	0
Realized gain on sale leaseback transaction
578	578	578	578	617	730	844	958	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	1,034	0	0	0
Stock based compensation
4,338	4,403	4,477	4,265	4,099	4,225	4,148	4,165	3,731	3,333	3,003	2,892	2,743	2,965	2,770	2,761	2,616	2,490	2,665	2,578	2,774	2,712	2,614	2,569	2,379	2,462	2,590	2,683	2,752	2,845	2,744	2,682	2,620	2,483	0	0	0
Excess tax benefit related to equity award activity
-	-	-	-	-	-	-	-	-	-	-	-	-	476	620	823	940	1,042	1,042	801	848	704	529	640	530	503	0	0	0	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance policies
5,317	5,013	4,703	4,383	4,085	4,060	4,056	4,091	4,110	4,127	4,109	4,074	4,039	4,089	3,987	3,961	3,928	3,692	3,600	3,412	3,184	3,128	3,117	3,141	3,205	3,229	1,924	3,194	3,147	3,114	4,366	3,059	3,166	3,159	0	0	0
Gain Realized on Life Insurance Policies
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,964	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Operating Lease, Payments
11,430	10,669	7,798	4,970	2,165	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Fair Value on Loans Held for Sale
-93	822	1,002	825	-24	-51	136	-75	8	-113	-75	80	-114	87	35	-193	5	-22	20	-23	-6	18	0	0	0	-	-655	-1,588	-12	-141	715	321	-52	856	0	0	0
Net change in:
Trading assets
410	675	382	341	236	180	283	305	312	520	489	494	526	448	355	310	269	356	454	489	494	0	0	0	0	-	-	-	-	265	521	-34	-16	643	0	0	0
Loans held for sale
-47,723	-59,932	-41,474	27,132	1,673	1,714	4,836	308	531	-1,258	-7,800	-3,626	-4,076	62	1,823	2,392	-1,924	-876	-1,124	-5,374	2,725	-2,012	2,186	-17,932	-30,193	-39,305	-31,071	11,775	13,956	27,828	19,522	9,734	14,255	-8,273	0	0	0
Other assets
193,401	39,850	44,942	24,954	370	-503	-3,282	-9,458	-4,232	-20,022	-54,232	-61,865	-56,466	-7,627	42,568	57,489	29,547	-3,842	8,697	-12,587	877	1,907	-19,000	-11,323	-39,413	-48,903	-51,467	-42,552	-5,984	1,575	13,729	30,071	41,067	31,524	0	0	0
Increase (Decrease) in Other Operating Liabilities
116,972	19,283	31,702	-21,910	4,047	7,100	6,064	6,723	2,192	-3,825	-20,875	-34,457	-28,692	-8,738	13,829	29,692	14,604	-2,450	9,844	-1,356	10,446	7,017	-2,544	-5,285	-12,875	-16,016	-15,596	-11,308	915	4,408	9,536	17,491	14,599	14,871	0	0	0
Total adjustments
15,250	51,347	27,647	-69,469	12,830	20,215	32,524	44,754	33,324	43,705	59,233	49,110	50,028	16,251	-11,682	-11,316	9,550	24,583	23,535	38,983	27,095	30,460	39,212	45,818	78,300	91,081	79,838	39,967	18,455	1,325	6,460	3,338	-20,450	11,033	0	0	0
Net cash provided by (used in) operating activities
171,951	216,522	175,279	59,333	142,122	141,837	146,276	149,343	127,358	130,909	141,552	128,061	128,790	92,899	67,242	65,719	83,661	89,543	85,018	97,609	83,017	90,305	93,668	99,191	129,685	141,335	129,472	86,547	61,151	43,952	50,287	47,523	25,981	56,469	0	0	0
Cash flows provided by (used in) investing activities
Increase (Decrease) in Equity Securities, FV-NI
714	711	6,366	6,346	6,342	6,315	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Debt Securities, Available-for-sale
-	-	-	-	-	-	-	-	-	1,027	856	368	368	618	0	0	0	-	-	-	-	5,438	4,282	4,010	4,179	3,506	0	0	0	-	-	-	-	14,639	0	0	0
Payments to Acquire Available-for-sale Securities, Equity
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and principal repayments of securities available for sale
71,066	51,104	76,224	79,387	82,696	82,418	55,927	57,410	53,124	54,191	61,582	61,556	70,307	69,775	66,411	76,273	76,964	78,497	72,291	59,059	49,123	47,720	47,931	54,528	66,724	81,727	97,016	106,083	105,437	101,808	102,420	96,728	96,459	108,312	0	0	0
Payments to Acquire Debt Securities, Available-for-sale
0	-	-	-	-	78,990	100,445	119,488	128,469	140,885	113,067	98,269	102,819	69,671	84,866	85,229	83,687	73,064	49,556	70,372	42,127	37,047	49,688	13,965	14,016	47,975	45,127	56,826	56,607	93,647	0	0	0	-	-	-	-
Proceeds from maturities and principal repayments of securities held to maturity
156,171	126,991	107,018	92,053	78,470	82,355	83,099	82,839	82,544	78,757	87,294	90,597	90,150	90,991	77,467	70,166	67,494	60,168	56,552	53,524	48,243	44,710	42,316	41,846	44,298	49,165	57,980	61,478	60,109	59,887	58,268	54,904	49,688	44,090	0	0	0
Purchases of securities held to maturity
114,289	59,967	134,219	154,832	172,045	195,538	157,487	122,278	108,938	89,033	0	0	0	-	-	-	-	162,021	132,149	107,910	67,417	69,544	97,482	190,686	211,142	222,027	189,178	99,098	69,166	34,239	25,684	11,372	12,387	47,343	0	0	0
Net redemption (purchases) of Federal Home Loan Bank stock
-2,030	-18,896	-17,478	-6,369	-7,070	2,376	1,510	-1,314	1,044	-386	-2,488	336	-2,605	-5,229	0	0	0	-	-	-	-	-	-	-	-	-3,093	-3,093	-3,093	-3,093	-2,290	0	0	0	-	-	-	-
Investments in low income housing projects
-15,694	-10,052	-4,385	-1,985	-2,513	-3,434	-5,530	-5,906	-5,421	-7,645	-6,866	-7,066	-8,415	-7,626	-5,711	-7,214	-12,701	-15,055	-17,609	-24,976	-18,893	-16,452	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Purchases of life insurance policies
163	163	163	163	164	164	165	164	164	164	162	163	163	163	163	163	163	162	160	10,160	10,160	10,161	10,164	267	267	267	267	431	265	267	266	103	268	267	0	0	0
Proceeds from Life Insurance Policy
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,310	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Net increase in loans
-56,911	-27,816	97,077	187,453	322,155	258,633	239,304	210,478	146,561	204,702	167,729	220,011	251,940	227,838	247,631	239,819	196,775	114,550	90,404	90,612	131,773	266,961	281,496	246,037	207,289	84,264	61,508	110,602	189,327	297,394	355,983	278,776	256,954	256,282	0	0	0
Cash Acquired in Excess of Payments to Acquire Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,448	13,448	13,448	13,448	0	0	0	0	-	-	-	-	-	-	-	-	457	0	0	0
Purchases of bank premises and equipment
14,619	16,583	14,736	12,356	12,016	11,106	14,560	16,605	22,426	25,080	23,016	20,574	13,102	10,395	9,664	9,954	11,757	10,488	8,537	8,300	6,704	7,678	9,159	8,987	10,270	9,293	7,433	6,595	4,979	6,263	7,335	8,992	9,084	8,317	0	0	0
Proceeds from the sale of bank premises and equipment
3,792	3,796	2,110	2,139	2,150	2,189	4,483	4,451	6,331	6,306	0	0	0	-	-	-	-	1,233	1,388	807	477	1,219	1,074	788	785	29	19	37	56	67	0	0	0	-	-	-	-
Payments on early termination of hedging relationship
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22	0	0	0	-	-	-	-
Proceeds from the sale of other real estate owned and foreclosed assets
-	-	-	-	-	387	2,561	2,506	2,782	3,784	2,272	2,319	2,114	1,583	1,131	4,583	6,750	7,667	10,567	8,527	8,457	7,458	6,881	7,304	9,167	9,731	8,317	9,085	5,363	5,649	6,808	4,504	7,254	6,276	0	0	0
Net payments relating to other real estate owned and foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	204	755	951	1,019	1,571	2,444	3,145	3,476	3,255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital improvements to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-5,245	20,160	-141,375	-273,796	-384,808	-387,511	-369,852	-325,599	-261,020	-316,769	-274,214	-324,432	-336,234	-238,886	-237,167	-245,249	-243,663	-205,541	-154,671	-183,205	-171,530	-292,672	-341,078	-339,458	-312,075	-208,596	-142,771	-100,922	-152,442	-267,939	-344,122	-263,881	-231,512	-190,766	0	0	0
Cash flows provided by (used in) financing activities
Net increase (decrease) in time deposits
-183,132	-45,272	7,457	-15,320	548	-1,430	35,664	51,800	24,196	-19,509	-84,991	-119,835	-110,389	-104,803	-82,192	-81,628	-89,336	-80,726	-77,137	-93,091	-94,689	-94,008	-88,791	-76,752	-112,619	-79,136	-82,840	-73,601	-683	-21,074	-11,049	-31,468	-49,864	-63,014	0	0	0
Net increase in other deposits
209,767	-160,637	-4,533	-38,586	292,247	280,017	257,746	266,516	97,324	177,241	163,554	282,290	410,283	350,739	436,789	308,990	413,871	428,713	257,316	333,210	218,892	318,056	415,039	479,573	456,591	300,000	364,868	314,497	248,946	333,488	341,363	323,039	410,651	312,060	0	0	0
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net
247,826	-132,046	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-10,000	0	0	0	-	-	-	-	-50,000	0	0	0	-	0	0	0	-	0	0	0
Net (decrease) increase in short-term Federal Home Loan Bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	9,144	-5,000	50,000	0	0	0
Increase Decrease in Federal Home Loan Bank Advances Long Term
-40,000	-25,000	0	0	0	-	-	-	-	-	-	-	-	-65,791	-53,641	-57,641	-57,641	-9,000	-7,000	-3,000	-8,000	-5,000	-5,000	-75,812	-70,812	-79,946	0	0	0	-	-	-	-	-	0	0	0
Net decrease in customer repurchase agreements
-	-	-	-	-	-21,503	-38,494	-17,136	-7,858	-14,234	38,756	19,655	11,204	42,955	2,465	20,277	16,430	-13,932	-14,743	-12,327	-10,347	-1,398	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from Lines of Credit
-13	49,980	49,980	49,980	49,993	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term debt, net of issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Debt, Net of Issuance Costs
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
RepaymentsOfJuniorSubordinatedDebt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Subordinated Long-term Debt
-30	49,526	49,526	49,526	49,556	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-437	-437	-437	-437	-122	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in other short term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	-5,000	0	0	0	-	-	0	0	-	-	-	-	0	0	0	0
Repayments of Subordinated Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from exercise of stock options
116	281	281	281	206	184	0	0	0	-	-	65	195	201	162	1,200	1,195	1,367	3,115	2,176	2,521	2,333	1,064	2,199	2,157	2,475	2,149	1,393	1,120	1,108	1,367	885	1,499	4,127	0	0	0
Restricted stock awards issued, net of awards surrendered
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock awards issued, net of awards surrendered
-	-	-	-	-	-1,371	-1,403	-1,399	-1,404	-1,422	-1,386	-1,384	-1,361	-696	-685	-685	-693	-657	-643	-644	-804	-641	-643	-643	-634	-669	-792	-791	-745	-467	-344	-344	-374	-361	0	0	0
Excess tax benefit from stock based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	476	620	823	940	1,042	1,042	801	848	704	529	640	530	503	685	679	523	426	-78	-174	-142	20	0	0	0
Tax benefit from deferred compensation distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	187	186	193	193	179	176	175	175	138	138	137	137	109	108	106	106	92	90	92	92	80	0	0	0
Proceeds from shares issued under direct stock purchase plan
5,024	4,951	5,332	2,434	2,780	2,712	2,198	2,141	1,662	1,636	1,635	2,070	2,037	2,323	2,590	2,428	2,736	2,695	2,619	2,239	1,874	1,555	1,272	1,273	1,280	969	1,394	1,439	1,414	1,691	1,237	1,153	1,106	824	0	0	0
Payments for shares repurchased under share repurchase program
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common dividends paid
57,729	53,274	48,618	43,979	42,054	40,167	38,481	36,797	34,997	34,045	32,897	31,749	30,720	29,711	28,894	28,066	27,235	26,172	25,096	24,031	22,966	22,443	21,756	21,057	20,359	15,122	19,400	18,903	18,409	22,494	17,242	16,779	16,304	16,038	0	0	0
Net cash provided by financing activities
12,397	-336,163	-65,479	85,371	369,412	283,013	215,158	263,040	79,137	109,881	34,124	100,556	230,785	159,317	277,400	115,891	200,460	213,509	94,649	210,508	27,504	164,296	165,559	174,193	199,833	68,112	142,089	162,934	155,339	201,957	237,388	217,441	274,622	210,519	0	0	0
Net increase in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	37,339	-8,418	86,784	-54,525	-75,979	-98,538	-95,815	23,341	13,330	107,475	-63,639	40,458	97,511	24,996	124,912	-61,009	-38,071	-81,851	-66,074	17,443	851	128,790	148,559	64,048	-22,030	-56,447	1,083	69,091	76,222	0	0	0
Transfer of loans to other real estate owned and foreclosed assets
-	-	-	-	-	-	-	-	-	511	1,509	1,402	1,693	1,322	-235	916	1,254	1,522	2,343	1,974	4,856	5,248	10,254	8,264	4,386	2,869	10,144	11,059	7,793	7,061	6,547	5,382	1,721	6,285	0	0	0
Net increase in capital commitments relating to low income housing project investments
50,937	36,543	0	0	0	-	-	-	-31	20	5,265	5,406	5,203	5,180	-264	423	1,695	1,658	13,085	14,054	13,000	38,839	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
14,248	14,951	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combinations [Abstract]
Common stock issued for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,415	86,415	86,415	86,415	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of securities from trading to available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-