MERCHANTS BANCORP MBIN Cash Flow

Merchants bancorp (MBIN)

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
Operating activities:
Net income
91	77	62	59	58	62	67	61	60	54	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
1	0	0	0	0	0	0	0	0	0	0	0	0
Provision for loan losses
6	3	3	2	3	4	4	4	3	2	0	0	0
Gain on sale of securities
-	0	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of loans
53	35	31	32	31	39	37	35	43	37	0	0	0
Proceeds from sales of loans
39,929	32,792	25,124	16,578	17,736	18,027	17,505	20,652	18,061	18,498	0	0	0
Loans and participations originated and purchased for sale
41,799	34,025	26,591	17,516	17,510	17,832	17,682	20,596	18,292	18,702	0	0	0
Change in mortgage servicing rights for paydowns and fair value adjustments
16	10	10	7	2	2	-0	2	4	2	0	0	0
Net change in:
Trading securities
335	106	153	-33	-70	22	-47	-9	18	3	0	0	0
Other assets and receivables
24	3	10	12	3	10	4	3	-9	-11	0	0	0
Other liabilities
31	24	10	14	-1	4	-2	-9	2	-0	0	0	0
Other
-6	-5	-7	-6	-4	-3	-1	-2	-1	-1	0	0	0
Net cash provided by (used in) operating activities
-2,131	-1,257	-1,565	-856	330	204	-102	85	-211	-175	0	0	0
Investing activities:
Net change in securities purchased under agreements to resell
0	0	0	0	0	0	0	-1	-1	-1	0	0	0
Purchases of available-for-sale securities
759	647	393	135	63	47	87	140	212	199	0	0	0
Proceeds from the sale of available-for-sale securities
6	37	0	0	0	-	-	-	-	-	-	-	-
Proceeds from calls, maturities and paydowns of available-for-sale securities
710	651	392	291	211	188	244	134	141	116	0	0	0
Purchases of loans
105	87	88	94	118	138	144	141	130	133	0	0	0
Net change in loans receivable
1,235	885	718	399	456	484	538	597	507	300	0	0	0
Purchase of Federal Home Loan Bank stock
29	15	14	13	12	0	0	0	0	-	-	-	-
Proceeds from sale of Federal Home Loan Bank stock
-	3	0	0	0	-	-	-	-	-	-	-	-
Purchases of premises and equipment
10	13	16	15	12	9	5	3	1	0	0	0	0
Purchases of mortgage servicing rights
-	-	-	-	-	6	0	0	1	1	0	0	0
Purchase of limited partnership interests
0	-	-	-	-	3	3	2	2	2	0	0	0
Cash received in acquisition of subsidiary
-	-	-	-	-	-	0	0	0	-	-	-	-
Net cash used in investing activities
-1,422	-957	-830	-355	-443	-509	-523	-746	-709	-523	0	0	0
Financing activities:
Net change in deposits
3,601	2,247	2,101	1,384	-37	155	364	367	526	514	0	0	0
Proceeds from Federal Home Loan Bank borrowings
12,166	8,917	7,439	6,272	3,153	1,089	826	926	799	754	0	0	0
Repayment of Federal Home Loan Bank borrowings
12,033	8,907	7,294	6,377	2,998	931	826	798	657	754	0	0	0
Proceeds from issuance of preferred stock
-	192	0	0	0	-	-	-	-	-	-	-	-
Proceeds from notes payable
2	6	0	0	0	-	-	-	-	-	-	-	-
Payments on notes payable
-	29	0	0	0	-	-	-	-	-	-	-	-
Payments of contingent consideration
0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends
20	17	14	7	10	10	9	9	8	7	0	0	0
Net cash provided by financing activities
3,808	2,384	2,350	1,320	138	281	469	596	765	612	0	0	0
Net Change in Cash and Cash Equivalents
254	170	-45	108	25	-22	-156	-64	-155	-86	0	0	0
Additional Cash Flows Information:
Interest paid
90	81	72	64	56	49	39	32	28	26	0	0	0
Income taxes paid
19	19	0	0	0	-	-	-	-	27	0	0	0
The Company purchased all of the capital stock of FMBI on January 2, 2018, the capital stock of FMNBP on October 1, 2018, and the assets of NattyMac, LLC on December 31, 2018. The Company also purchased all of the capital stock for MCS on August 15, 2017. In conjunction with the acquisitions, liabilities were assumed as follows:
Fair value of assets acquired
-	-	-	-	-	168	0	0	0	-	-	-	-
Cash paid for the capital stock/fair value common stock issued
-	-	-	-	-	29	0	0	0	-	-	-	-
Fair value of liabilities assumed
-	-	-	-	-	138	0	0	0	-	-	-	-