Metropolitan bank holding corp. (MCB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities:
Net income

6,097

7,863

7,683

6,057

8,531

6,286

7,112

5,865

6,291

3,325

3,843

2,653

2,548

Adjustments to reconcile net income to net cash:
Net depreciation amortization and accretion

1,203

-

658

474

454

-

422

482

368

-

275

223

197

Provision (credit) for loan losses

4,790

2,300

2,004

1,950

-2,031

844

-453

1,270

1,477

3,499

1,200

1,790

570

Employee and non-employee stock-based compensation

-

-

-

-

-

932

600

326

293

-

-

-

-

Net change in deferred loan fees

270

-298

-869

-939

-731

-227

104

-242

-698

-250

2

234

104

Income tax

-1,423

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of available-for-sale securities

975

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

110

111

92

Employee and non-employee stock-based expense

812

-

100

-486

686

-

-

-

-

-

-

-

-

Gain on sale of loans

18

-

-

-

-

-

-

-

-

-

-

-

-

Dividends earned on CRA fund

12

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain/loss of equity securities

36

-23

17

31

39

-

-

-

-

-

-

-

-

Net change in:
Accrued interest receivable

246

589

478

1,399

889

268

790

83

-55

518

844

331

-7

Accounts payable, accrued expenses and other liabilities

2,678

-17,511

15,398

-1,975

9,205

-1,196

1,524

-5,227

1,660

948

4,205

3,576

2,048

Prepaid third-party debit cardholder balances

-12,776

5,035

-14

-192

-7,838

6,123

-6,648

-347

2,067

-

-

-248

242

Accrued interest payable

-83

-377

71

551

-298

364

-101

565

-295

-

-

-

208

Accounts receivable, net

-3,834

1,696

1,343

1,689

-4,580

2,559

-966

2,253

-4,927

2,776

3,767

-2,818

-2,544

Receivable from prepaid card programs, net

10,783

-6,179

-276

17

8,298

-6,079

6,708

66

-2,056

2,602

-600

320

-309

Prepaid expenses and other assets

-2,471

460

-1,108

3,368

-559

-125

635

1,823

141

-1,205

484

272

-702

Net cash provided by operating activities

20,815

-9,564

27,041

2,451

21,029

-13,809

25,633

-86

15,322

-

-

-

-

Cash flows from investing activities:
Loan originations, purchases and payments, net of recoveries

102,966

144,981

164,027

234,855

233,318

-

-

-

-

-

-

-

-

Proceeds from loans sold

9,968

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

8,879

Loan originations, purchases and payments, net of recoveries

-

-

-

-

-

-

-

-

118,967

4,119

95,708

187,753

42,782

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

5,037

11,895

-

-

-

-

Redemptions of other investments

-

0

5,399

5,605

1,350

1

2,134

1,706

414

69

6,926

2

206

Purchases of other investments

-

-

-

-

-

-

-

-

3,303

-

-

-

-

Purchases of other investments

18

19

3,348

4,925

2,715

-

-

-

-

-

-

-

-

Proceeds from calls of securities available for sale

5,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities available for sale

20,975

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from paydowns and maturities of securities available for sale

15,438

14,750

5,779

1,565

1,042

1,081

1,362

1,401

1,408

1,249

1,496

1,936

1,678

Proceeds from paydowns and maturities of securities held to maturity

194

209

216

223

172

178

221

219

208

244

277

251

262

Purchase of derivative contract

2,980

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of premises and equipment, net

3,785

2,871

3,433

580

-48

337

257

654

716

-

-

-

-

Purchase of premises and equipment, net

-

-

-

-

-

-

-

-

-

540

518

524

629

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-41,265

Net cash used in investing activities

-58,174

-163,194

-308,076

-310,098

-233,421

-159,562

-110,859

-75,088

-109,061

-

-

-

-

Cash flows from financing activities:
Proceeds from issuance of subordinated debt, net of issuance cost

-

-

-

-

-

-

-

-

-

-25

15

-547

25,000

Proceeds from FHLB advances

-

40,000

378,000

260,000

350,000

-

-

-

-

46,864

160,000

60,000

60,000

Repayments of FHLB advances

-

40,000

424,000

285,000

320,000

30,017

50,983

60,240

9,198

48,416

190,052

60,052

64,564

Proceeds from issuance of common stock, net

-

-

-

-

-

-

0

0

-33

-

-

-

-

Redemption of common stock for tax withholdings for restricted stock vesting

-579

-1

0

0

-88

-120

60

0

-72

-

-

-

-

Payments of secured borrowings

-1,275

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in deposits

230,918

85,568

329,084

409,992

305,576

126,623

-6,551

-76,634

212,761

-84,288

159,345

312,621

22,897

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

43,333

Net cash provided by financing activities

229,064

128,539

283,084

384,992

335,488

251,896

-9,491

-46,634

203,458

-

-

-

-

Increase in cash and cash equivalents

191,705

-44,219

2,049

77,345

123,096

78,525

-94,717

-121,808

109,719

-

-

-

-

Increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

39,545

133,676

10,947

Supplemental information:
Cash paid for:
Interest

7,181

8,153

10,020

7,655

6,395

4,017

3,657

2,038

2,472

2,092

2,914

1,713

1,430

Income Taxes

1,850

2,815

2,800

8,370

1,200

3,145

3,260

2,527

4,862

3,925

2,025

1,930

907

Non-cash item:
Transfer of loans held for investment to held for sale

-

-

-

-

-

-

-

-

11,895

-

-

-

-