LEGACYTEXAS FINANCIAL GROUP, INC. LTXB Cash Flow

Legacytexas financial group, inc. (LTXB)

CashFlow / Quarterly

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
26,983	29,080	57,769	42,821	27,837	25,762	14,660	28,709	27,935	18,190	25,305	27,217	23,217	22,082	16,446	17,895	20,251	16,324	-	-	-	-	-	-	-	-	-	-	-	-	-	5,143	4,857	6,554
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,312	8,818	7,682	7,244	8,212	8,174	8,058	10,361	11,316	6,492	7,072	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan, Lease, and Other Losses
16,100	9,800	0	2,656	17,478	15,663	3,743	7,157	6,255	22,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	-	3,467	6,800	8,800	-	7,515	3,750	3,000	2,637	2,511	1,197	376	616	-158	1,858	883	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	895	-	581	1,065	1,095
Depreciation and amortization
2,918	2,760	1,704	1,724	1,663	1,738	1,773	1,766	1,813	1,790	1,798	1,777	1,745	1,761	1,744	1,816	1,850	1,786	1,092	1,090	1,090	1,121	1,120	1,113	1,130	1,140	1,113	1,121	821	916	890	869	876	880
Deferred tax benefit
-2,666	-4,614	43,468	263	2,686	-460	162	-304	-1,432	-2,541	-3,791	2,056	-1,441	-3,622	-3,881	-985	1,524	2,650	-3,456	999	-72	1,115	2,004	101	-58	246	1,708	1,148	2,913	-507	393	-329	107	33
Premium amortization and accretion of securities, net
-932	-980	-910	-963	-955	-1,031	-1,064	-1,096	-1,071	-1,106	-1,205	-1,072	-1,052	-1,030	-1,101	-1,160	-1,067	-939	-763	-850	-822	-981	-1,047	-1,425	-1,578	-1,778	-1,983	-1,718	-1,679	-1,044	-1,109	-1,085	-1,138	-1,183
Accretion related to acquired loans
-236	-255	-358	-331	-634	-513	-530	-750	-874	-943	-849	-1,232	-1,286	-1,246	-1,676	-2,017	-3,132	-3,416	-302	-329	-408	-461	-854	-589	-760	-945	-1,104	-1,298	-1,382	0	-	-	-	-
Net (gain) loss on securities transactions
0	6	0	-10	0	-128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on securities transactions
-	-	-	-	-	-	-	-	-	-19	-	-3	65	0	17	-25	0	211	0	0	0	0	0	0	0	-177	0	898	116	0	2,853	0	0	3,415
ESOP compensation expense
520	517	1,338	583	560	578	1,290	499	493	552	1,246	1,141	871	697	2,167	1,346	1,205	1,033	1,976	1,184	1,210	1,187	1,694	964	892	965	-	-	-	-	-	-	-	-
ESOP compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	-	572	592	588
Share-based compensation expense
2,015	2,550	1,116	2,385	1,398	2,055	2,043	2,014	1,843	1,562	2,159	1,632	1,226	997	908	1,350	1,500	1,719	1,019	863	916	919	323	903	850	572	583	256	706	333	152	462	508	429
Excess tax benefit on vesting of stock awards
-66	-74	-13	-213	-153	-528	-271	-130	-345	-832	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sales of Loans, Net
2,879	1,525	1,499	1,597	1,668	1,809	1,556	1,982	2,156	1,628	2,012	2,383	2,250	1,580	1,899	1,944	2,121	2,072	0	0	0	0	-	-	-	-	0	1,030	2,174	2,232	2,101	1,710	1,879	1,949
Loans originated or purchased for sale
76,029	32,172	49,094	38,232	51,042	49,428	46,308	52,615	56,311	39,927	57,393	60,205	57,629	43,061	47,994	59,564	61,125	53,512	0	0	0	0	-	-	-	-	-8,292,196	2,017,334	3,533,764	2,886,917	-5,199,969	2,066,100	1,781,431	1,623,545
Proceeds from sale of loans held for sale
43,717	45,510	49,575	51,202	50,285	36,821	57,112	48,016	58,408	43,519	61,310	60,156	56,742	49,561	50,160	58,609	67,326	49,240	0	0	0	0	-	-	-	-	-8,078,686	1,929,556	3,344,709	2,989,093	-5,000,993	1,797,223	1,681,691	1,798,481
FHLB stock dividends
301	287	357	284	220	171	173	148	107	120	140	161	104	134	41	46	35	30	33	28	21	21	27	28	26	34	37	26	26	32	32	18	13	21
Bank Owned Life Insurance Income
489	482	482	482	479	447	430	435	440	422	436	441	441	426	432	424	424	419	183	147	145	153	186	148	153	162	215	210	165	109	-	-	-	-
(Gain) loss on sale and disposition of repossessed assets, premises and equipment
45	-14	-10	1,001	-126	-64	-3,822	350	14	1,359	-406	-7	-3	3,940	61	56	405	-229	-1,690	-85	-50	1	120	41	444	230	-241	187	-56	-81	-	-	-	-
Bank-owned life insurance (BOLI) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	118
Loss (gain) on sale and disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-62
Net change in deferred loan fees/costs
933	421	542	731	1,494	1,250	968	963	1,627	5,073	-5,012	362	1,916	2,343	1,369	168	-108	-362	-739	-489	190	-622	-623	-759	-245	-126	370	-291	11	-120	-34	304	113	206
Net change in accrued interest receivable
1,018	4,403	-2,274	3,689	1,367	-274	2,993	1,443	938	-1,125	2,064	-1,274	2,127	321	1,030	-131	740	1,182	159	-432	914	-198	662	-857	1,073	-874	-164	280	28	-937	823	-319	493	-1,263
Net change in other assets
1,434	-12,406	24,878	3,011	908	2,338	2,574	-165	-2,023	913	3,222	-5,249	5,926	-952	-1,379	-1,152	-7,199	1,286	1,162	2,016	-2,457	-838	4,364	-1,704	-3,119	-7,111	-788	-128	5,440	-2,653	-1,320	-128	431	-2,260
Net change in other liabilities
11,888	19,628	-64,122	32,413	8,925	19,979	-46,837	21,424	7,074	58,515	-41,524	22,330	-1,361	26,468	-26,141	7,797	5,753	-3,659	-15,209	7,058	6,619	-1,039	-7,082	12,811	7,367	-6,974	-2,132	5,365	3,261	-2,123	-6,986	2,761	12,925	-389
Net cash provided by operating activities
19,109	79,154	1,556	85,875	54,254	48,205	-2,936	52,006	43,361	96,585	-5,151	62,597	19,327	55,675	564	33,592	43,551	11,495	-5,122	22,353	21,429	13,364	1,376	27,885	22,699	13,585	228,351	-68,719	-179,483	111,890	202,067	-258,899	-80,487	183,185
Cash flows from investing activities
Available-for-sale securities:
Maturities, prepayments and calls
23,110	320,617	168,129	771,829	968,788	118,661	18,798	824,310	418,812	766,985	129,929	1,918,274	214,444	14,266	1,115,674	967,615	16,485	14,867	873,691	870,625	12,486	293,200	340,258	347,250	373,766	126,337	127,876	132,753	131,451	222,281	448,080	30,453	30,121	42,550
Purchases
0	347,545	179,077	785,471	985,296	136,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Debt Securities, Available-for-sale
0	23,886	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Held-to-maturity securities:
Purchases
-	-	-	-	-	-	-	-	-	794,153	-	2,028,064	225,362	21,123	1,131,318	972,032	42,548	2,182	862,000	858,501	0	281,000	325,000	325,000	350,000	165,941	100,000	100,000	116,139	200,000	415,000	0	9,808	119,424
Proceeds from sale of AFS securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,037	1,366	0	16,581	0	0	0	0	0	0	0	10,614	0	118,430	15,165	0	186,412	0	0	93,008
Maturities, prepayments and calls
7,244	10,507	5,434	9,896	6,851	16,385	7,244	10,391	8,747	9,591	10,060	10,147	9,612	11,565	10,839	12,181	13,124	13,586	12,410	12,587	12,512	19,491	18,187	25,954	28,868	31,049	34,910	33,096	34,832	33,768	38,045	33,964	18,516	23,162
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,919	5,437	3,484	30,615	1,354	0	0	0	0	0	28,877	40,408	114,852
Originations of Warehouse Purchase Program loans
6,585,432	3,874,762	4,501,349	5,435,757	6,008,024	4,972,238	5,806,525	5,878,153	5,973,722	4,258,685	5,217,852	6,018,785	4,983,107	3,746,783	3,578,824	3,944,753	4,278,501	3,708,951	3,205,436	3,331,118	3,120,786	2,256,453	2,857,449	3,539,289	4,278,994	3,431,487	-	-	-	-	-	-	-	-
Proceeds from pay-offs of Warehouse Purchase Program loans
6,138,908	3,739,006	4,595,450	5,672,381	5,736,735	5,273,244	5,779,866	6,006,966	5,563,953	4,467,053	5,508,329	5,653,357	5,031,278	3,761,941	3,495,482	4,069,373	4,232,390	3,456,481	3,155,644	3,364,060	2,942,124	2,339,019	2,824,007	3,803,489	4,132,238	3,734,735	-	-	-	-	-	-	-	-
Net change in loans held for investment, excluding Warehouse Purchase Program loans
136,559	153,830	25,994	93,453	129,060	97,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of FHLB and Federal Reserve Bank stock and other
-	469	-	-	-	18,119	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans held for investment, excluding Warehouse Purchase Program loans
-	-	-	-	-	-	-	-	-	218,855	-	71,448	422,539	212,558	378,875	294,340	196,103	160,698	144,533	139,591	141,808	157,830	115,712	98,210	90,661	54,905	41,046	52,937	59,591	29,084	63,288	20,182	45,465	-4,940
Redemption of FHLB and Federal Reserve Bank stock and other
-	-	-	-	-	-	-	-	-	-230	-	-7,558	7,495	-8,561	-857	-6,002	3,719	17,667	2,578	-3,087	10,879	-1,272	5,224	-11,871	9,842	-13,452	1,605	-1,884	9,822	-4,698	8,348	10,840	4,451	-6,702
Cash received in excess of cash paid for acquisition of LegacyTexas Group, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,450	131,048	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
1,400	728	2,340	3,227	2,134	2,320	1,281	1,043	497	781	3,517	2,625	1,498	780	1,496	688	154	3,322	337	172	229	515	1,626	876	845	910	808	590	480	394	2,590	1,584	693	346
Proceeds from sale of assets
260	886	120	7,986	869	356	1,576	839	2,011	3,388	2,271	62	4	13,466	1,610	286	1,941	6,284	113	-24	167	365	293	240	2,067	1,182	2,775	1,859	1,360	746	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253
Net cash (used in) investing activities
-576,719	-281,494	58,619	149,933	-435,658	218,232	-81,059	-88,376	-575,218	-25,227	73,167	-538,414	-382,737	-171,445	-448,767	-162,835	-265,870	-253,973	-173,026	-79,047	-306,413	-48,370	-127,703	221,945	-224,018	262,772	-237,683	134,495	95,245	32,015	-156,350	2,758	-51,759	-64,007
Cash flows from financing activities
Net change in deposits
-21,635	235,710	61,957	-101,590	-73,059	186,724	7,315	197,862	182,860	14,170	237,401	505,393	319,833	76,138	456,661	244,009	129,607	110,585	161,341	60,742	66,480	104,607	16,697	58,762	-23,910	35,284	-15,095	-36,505	-82,677	-29,872	-110,136	2,733	37,875	15,469
Proceeds from FHLB advances
565,000	815,000	-105,000	-130,000	665,000	390,000	650,000	-150,000	325,000	0	-254,300	-195,700	135,000	515,000	310,000	-35,000	50,000	1,025,000	92,000	-71,000	271,000	420,000	132,000	-285,000	370,000	230,000	44,000	-11,000	255,500	345,500	80,500	269,000	112,000	41,000
Repayments on FHLB advances
319	820,325	1,908	3,624	203,621	828,601	604,983	3,536	3,513	3,487	46,336	3,319	3,295	753,272	23,012	29,389	4,318	716,284	28,797	4,162	4,130	451,100	4,070	4,042	134,013	557,987	3,960	11,934	12,910	459,386	5,863	3,841	3,818	203,799
Share repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,989	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
-	13,063	-	-	-	8,066	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
-	-	-	-	-	-	-	-7,640	3,447	9,811	-	17,840	1,030	14,190	-11,626	-5,471	39,026	11,024	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends
12,177	12,141	10,669	7,738	7,725	7,708	7,692	7,203	7,199	7,183	7,174	7,161	6,671	6,670	6,670	6,668	6,189	6,220	4,802	4,799	4,794	4,792	4,795	3,994	3,991	0	7,920	3,151	2,355	2,022	1,693	1,741	1,742	1,742
Activity in employee stock plans
924	2,489	391	2,470	1,096	2,662	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Activity in employee stock plans
-	-	-	-	-	-	-	-	-	769	-	991	532	-104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Activity in employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	517	348	303	142	290	471	182	443	686	64	157	273	1,248	681	34	-	-	-	-
Net cash provided by financing activities
546,930	207,670	-45,297	-241,404	346,411	-264,989	50,108	45,473	495,069	-5,542	-56,691	331,080	469,263	-183,098	822,128	178,940	130,422	394,371	219,884	-18,929	329,027	68,897	140,275	-233,588	206,596	-292,546	17,298	-75,024	109,709	-145,746	-53,529	259,476	144,315	-149,072
Net change in cash and cash equivalents
-	5,330	-	-	-	1,448	-33,887	9,103	-36,788	65,816	11,325	-144,737	105,853	-298,868	373,925	49,697	-91,897	151,893	41,736	-75,623	44,043	33,891	13,948	16,242	5,277	-16,189	7,966	-9,248	25,471	-1,841	-7,812	3,335	12,069	-29,894
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,855	4,962	4,967	5,457	5,814	5,935	7,466	8,476	9,154	8,871
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	7	2,100	5,600	9,284	506	4,300	2,600	5,835	45
Supplemental noncash disclosures:
Transfers from loans to other real estate owned
0	286	720	0	-97	122	193	314	309	3,737	30	160	0	10,590	2,381	317	0	589	545	0	128	281	206	67	748	590	1,253	2,257	357	640	-	-	-	-
Leased assets obtained in exchange for new operating lease liabilities
0	36,503	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued in consideration of LegacyTexas Group, Inc. acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132