Mackinac financial corp /mi/ (MFNC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities:
Net income

13,734

13,850

13,920

13,270

9,997

8,367

4,982

4,006

5,290

5,479

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,357

-

3,351

3,219

2,411

1,700

5,320

5,330

5,784

5,937

4,029

4,167

7,209

7,087

6,106

5,971

2,464

2,218

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,949

2,880

2,932

2,564

2,594

2,607

3,185

2,551

2,485

2,426

2,386

2,269

2,098

1,921

1,741

1,654

1,651

1,670

1,653

1,593

1,526

1,503

1,508

1,568

1,632

1,657

1,659

1,610

1,568

1,547

1,477

1,447

1,416

1,419

0

0

0

Provision for loan losses

385

385

650

650

550

500

425

575

525

625

650

650

750

600

699

849

899

1,204

1,494

1,331

1,322

1,200

1,386

1,574

1,483

1,675

1,000

775

825

945

0

0

0

-

-

-

-

Deferred tax expense

1,506

1,374

426

953

790

874

5,160

3,709

4,473

4,954

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,206

-

2,000

1,929

1,507

1,129

-708

-707

-484

-403

0

0

0

-

-

-

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gain on sales/calls of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

150

202

295

542

455

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) on sale of loans sold in the secondary market

1,733

1,544

1,353

1,112

1,138

1,019

955

970

971

1,130

1,489

1,675

1,645

1,575

1,228

1,025

966

873

739

664

547

493

543

527

636

794

1,045

1,337

1,118

1,077

858

553

633

477

0

0

0

Origination of loans held for sale in secondary market

94,939

89,546

72,684

65,280

62,521

57,118

56,460

56,312

58,886

65,711

73,571

79,795

82,917

81,693

73,343

62,719

58,455

53,229

45,303

41,121

33,460

29,871

32,800

34,546

44,238

55,973

73,105

77,797

76,338

74,142

62,957

56,666

48,571

38,971

0

0

0

Proceeds from sale of loans in the secondary market

89,964

86,926

74,037

66,392

63,659

58,137

57,415

57,282

59,857

66,841

75,060

81,470

84,562

83,268

74,571

63,744

59,421

54,102

46,042

41,785

34,007

30,364

33,343

35,073

44,874

56,767

74,150

79,134

77,392

75,219

63,681

57,142

49,231

39,448

0

0

0

Loss on sale other real estate held for sale

-

-31

-29

-85

-59

-57

-99

-98

-111

-81

-8

5

30

10

-69

-50

-67

-65

-10

-52

-66

-81

-368

-370

-331

-304

-32

5

-22

-31

0

0

0

-

-

-

-

(Gain) loss on sale of premises, equipment, and other real estate held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Writedown of other real estate held for sale

0

-

-

-

-

-

-

-

-

307

0

0

0

-

-

-

-

295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

855

0

0

0

Stock compensation

528

498

284

455

572

533

575

473

397

398

448

499

550

600

594

588

582

576

540

492

461

429

396

375

337

333

0

0

0

-

-

-

-

-

-

-

-

Change in other assets

6,458

10,934

1,863

-5,631

-4,632

-7,531

-185

-2,185

-1,702

-2,523

19,362

10,823

8,435

10,282

-12,657

-1,684

1,903

-8,188

-4,022

-4,313

-5,423

4,112

650

633

365

710

-53

-5,557

61

61

-1,675

6,263

541

325

0

0

0

Change in other liabilities

-314

3,704

3,798

3,808

4,532

37

929

1,168

331

-818

380

-152

-603

1,205

-1,538

-293

51

-6,380

525

-234

-479

6,337

-137

140

604

350

449

513

380

788

820

783

475

296

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,660

-

13,360

12,623

12,404

8,441

7,678

8,078

9,480

9,301

9,701

15,403

9,693

9,977

0

0

0

-

-

-

-

Net cash provided by operating activities

5,601

7,597

20,304

27,494

23,851

20,631

15,440

14,635

15,374

15,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash Flows from Investing Activities:
Net increase (decrease) in loans

-8,842

17,649

33,565

24,323

13,985

6,148

1,856

31,523

29,955

33,600

57,096

37,274

60,390

56,237

28,254

32,989

23,712

19,321

35,132

46,330

45,252

50,969

47,482

49,607

34,015

37,853

41,092

38,196

42,494

50,351

45,812

30,804

47,195

26,015

0

0

0

Net decrease in interest-bearing deposits in other financial institutions

3,887

3,157

3,759

4,293

4,564

5,807

4,225

3,439

2,057

673

673

2,650

3,514

3,015

3,015

349

843

708

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

703

0

0

0

Purchase of securities available for sale

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

16,105

14,729

19,103

28,968

23,894

16,450

15,090

5,441

8,317

16,091

13,978

13,762

15,709

12,053

13,890

19,076

15,209

17,085

14,678

14,279

21,260

0

0

0

Proceeds from maturities, sales, calls or paydowns of securities available for sale

35,056

29,374

21,518

20,702

66,374

63,404

68,815

69,990

14,571

16,011

17,378

20,564

24,227

26,689

24,297

31,058

37,202

35,091

32,936

23,884

12,427

9,449

15,379

13,726

13,683

13,698

5,198

4,776

7,437

10,668

11,888

14,132

14,808

15,607

0

0

0

Capital expenditures

3,975

2,737

2,202

1,778

2,347

2,549

2,357

2,145

2,389

2,377

2,499

2,833

2,336

2,137

2,051

1,687

1,354

1,341

1,400

1,309

1,258

1,433

1,896

1,794

1,746

1,497

926

1,555

1,935

2,098

2,300

1,551

1,117

1,034

0

0

0

Proceeds from life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate, premises and fixed assets

1,519

1,867

944

1,202

1,535

2,190

2,959

3,658

3,313

2,983

2,477

1,992

2,101

1,608

1,655

1,218

1,526

1,702

1,226

1,219

798

912

1,857

1,823

2,913

2,410

2,026

1,961

793

775

1,883

3,170

4,660

5,456

0

0

0

Redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,297

-

-21,705

-40,760

-43,383

-54,980

-48,458

-50,055

-32,927

-38,951

-46,847

-46,904

-55,275

-56,215

0

0

0

-

-

-

-

Net cash (used in) provided by investing activities

8,617

-4,827

-25,822

-17,105

58,920

65,483

82,901

49,762

-18,795

-22,510

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash Flows from Financing Activities:
Net increase (decrease) in deposits

-1,867

-21,860

32,308

46,139

-16,477

-27,389

-60,860

-86,459

-15,023

-5,514

28,023

50,698

65,144

49,491

21,148

45,028

-4,935

3,350

30,178

3,855

21,253

39,724

29,518

36,109

50,474

31,742

22,325

22,526

13,148

29,768

34,305

25,714

11,305

18,010

0

0

0

Net activity on line of credit

0

-

-

-

-

-

-10,823

-2,295

1,000

-750

294

-2,506

-10,351

-8,801

-12,038

-8,954

-2,660

-3,367

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in fed funds purchased

-16,010

-3,320

11,000

10,000

3,220

-2,905

-11,000

-10,000

-7,000

6,000

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Repurchase of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

150

481

766

956

1,122

791

506

265

143

512

606

635

509

0

0

0

-

-

-

-

-

-

-

-

Dividend on common stock

5,765

5,576

5,357

5,139

5,143

4,612

4,083

3,552

3,021

3,022

2,873

2,763

2,647

2,498

2,492

2,487

2,317

2,179

2,046

1,693

1,501

1,308

1,118

1,053

998

944

0

0

0

-

-

-

-

-

-

-

-

Proceeds from term borrowing

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

388

475

549

550

550

550

551

551

0

0

0

New term debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on borrowings

17,758

17,985

22,665

46,515

72,846

62,738

63,080

38,704

12,277

12,277

1,627

1,074

624

174

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,593

-

24,525

24,052

30,474

50,267

40,387

36,504

35,597

20,908

12,535

24,472

27,271

39,129

0

0

0

-

-

-

-

Net (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,230

-

16,180

-4,085

-505

3,728

-393

-5,473

12,150

-8,742

-24,611

-7,029

-18,311

-7,109

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

25,891

-17,101

27,814

-14,588

-66,235

-59,383

-95,395

-88,486

2,679

-2,563

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net (decrease) increase in cash and cash equivalents

40,109

-14,331

22,296

-4,199

16,536

26,731

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Supplemental Cash Flow Information:
Cash paid during the year for:
Interest

10,039

10,320

10,096

9,503

8,955

8,178

7,563

7,192

6,718

6,383

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,345

-

4,406

4,328

4,209

4,119

4,494

4,515

4,555

4,157

3,873

3,519

3,630

4,172

4,159

4,248

4,494

4,664

0

0

0

Income taxes

-

-

-

-

-

1,600

0

0

0

-

-

-

-

1,100

0

0

0

-

-

-

-

100

0

0

0

-

-

-

-

125

75

75

75

75

0

0

0

Noncash Investing and Financing Activities:
Transfers of Foreclosures from Loans to Other Real Estate Held for Sale

1,486

1,629

2,431

2,303

2,112

1,878

805

1,888

1,635

2,147

4,321

3,100

3,245

3,292

1,793

1,732

1,936

1,376

774

801

369

588

488

527

565

932

1,271

1,354

1,642

1,352

0

0

0

-

-

-

-

Transfers of Foreclosures from Loans to Other Real Estate Held for Sale (net of adjustments made through the allowance for loan losses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0