Midland states bancorp, inc. (MSBI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net income

1,549

12,792

12,655

16,355

13,982

16,336

8,497

12,782

1,806

1,991

2,036

3,539

8,490

11,583

8,051

6,789

5,119

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

11,579

-

-

-

3,243

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

3,467

2,103

1,854

2,006

6,076

1,489

458

1,533

2,445

1,392

629

1,125

Depreciation on premises and equipment

1,700

1,700

1,700

1,600

1,600

1,600

1,500

1,646

1,454

1,334

1,327

1,223

1,116

1,264

1,274

1,275

1,267

Amortization of intangible assets

1,800

1,800

1,800

1,700

1,800

1,900

1,800

1,625

1,675

1,009

1,187

579

525

534

514

519

580

Amortization of operating lease right-of-use asset

670

784

800

645

708

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

602

573

452

493

846

429

273

398

433

971

140

141

132

177

103

106

106

Amortization of restricted stock awards

-

-

-

-

-

-

-

-

-

-

206

204

189

168

136

127

124

Increase in cash surrender value of life insurance

900

913

917

907

903

923

919

915

822

775

789

647

580

603

611

1,380

-444

Investment securities amortization, net

-702

-915

-917

-961

-964

-1,052

-1,032

-1,125

-689

-602

-687

-375

-296

-293

-309

-783

252

Gain on sales of other real estate owned

15

87

44

-12

66

-15

86

166

307

91

22

-4

36

1

33

83

-4

Other-than-temporary impairment on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

824

Gain on sales of investment securities, net

-

-

-

-

-

469

0

-70

65

3

97

55

67

14,387

39

72

204

Impairment of other real estate owned

605

0

0

0

16

-

-

-

-

73

0

0

171

-

-

-

-

Origination of loans held for sale

69,332

103,999

167,129

149,614

84,231

158,196

147,608

128,752

122,749

148,025

196,054

212,765

221,782

282,271

401,450

243,849

249,146

Proceeds from sales of loans held for sale

73,114

113,344

168,482

149,381

99,323

165,408

154,975

115,879

154,020

136,254

206,238

215,419

257,560

277,433

450,938

250,820

205,548

Gain on loans sold and held for sale

2,178

3,502

4,017

4,442

3,121

2,516

3,277

1,421

3,951

3,451

5,165

7,052

8,627

6,300

8,533

29,179

-8,885

Loss on disposals of premises and equipment

-9

75

-98

-2

-7

-

-

-

-26

-

-

-

-

-

-

-

-

Amortization of loan servicing rights

790

741

726

675

678

646

632

808

863

853

1,507

1,373

1,374

1,731

1,677

1,452

1,281

Impairment of loan servicing rights

8,468

1,613

1,060

-559

25

-1,380

298

500

133

494

104

1,650

76

-2,958

1,073

2,775

2,245

Impairment of assets held for sale

-642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in other operating assets and liabilities:
Accrued interest receivable

186

-839

491

-1,160

109

-940

2,700

-248

-1,081

42

1,351

183

-439

-609

451

352

311

Accrued interest payable

678

-418

1,248

-799

1,399

-709

1,827

-1,031

1,698

176

800

-705

940

-830

822

-808

882

Accrued income taxes receivable

768

9,440

-3,685

-4,470

-3,739

3,729

511

-3,341

-448

6,149

-500

-219

-2,934

4,412

-2,096

-7,651

2,443

Operating lease liabilities

-943

-871

-887

-742

-741

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

4,912

3,899

1,263

1,388

1,920

3,955

-7,237

8,863

131

-3,514

8,307

-3,145

-5,321

6,859

974

637

-2,071

Other liabilities

-8,062

-12,134

22,000

1,042

-7,252

1,266

3,157

-211

-429

-494

3,185

-3,136

-2,390

2,307

-666

7,321

-9,275

Net cash provided by operating activities

15,551

17,514

48,344

23,550

29,998

31,126

28,917

-861

37,878

7,709

11,340

3,786

47,614

-6,143

55,632

22,551

-47,914

Investment securities available for sale:
Purchases

50,442

79,143

88,549

16,974

15,565

7,733

9,525

41,656

17,375

37,481

87,580

20,815

113,222

134,284

20,367

19,147

24,882

Sales

0

3,964

1,000

28,500

0

3,378

-100

15,291

1,609

11,345

2,627

5,565

3,058

84,808

865

6,478

23,848

Maturities and payments

44,242

87,508

89,572

35,657

27,023

32,382

27,355

45,461

26,022

55,138

55,327

39,755

97,709

52,910

5,629

8,062

8,347

Investment securities held to maturity:
Purchases

-

-

-

-

-

-

-

-

-

226

222

221

2,486

216

211

210

1,980

Maturities

-

-

-

-

-

-

-

-

-

6,409

4,645

1,045

4,790

4,373

1,923

3,430

1,293

Equity securities:
Purchases

23

11

40

15

16

15

15

15

14

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

85,972

71,478

134,292

-15,608

-44,390

-16,336

61,328

73,071

13,051

78,132

-19,121

42,862

136,525

10,934

154,414

146,534

24,061

Purchases of premises and equipment

765

1,454

874

1,928

1,282

1,393

1,720

2,714

1,373

819

2,596

1,420

1,347

769

-146

1,001

555

Proceeds from sales of mortgage servicing rights held for sale

-

0

0

0

3,288

0

-107

2,925

10,176

-

-

-

-

-

-

-

-

Purchases of nonmarketable equity securities

1,563

1,066

2,926

2,300

7,971

100

6,592

6,435

7,610

1,801

11,519

900

4,156

-

-

-

-

Sales of nonmarketable equity securities

-

1,982

1,134

5,134

4,434

2,559

5,939

1,025

5,576

1,396

6,019

224

3,594

0

0

0

90

Proceeds from sale of premises and equipment

-

-

-

-

-

11

-161

176

7

-

-

165

85

-

-

-

-

Proceeds from sales of other real estate owned

120

254

119

110

1,164

203

450

1,605

1,621

1,664

1,185

2,800

540

1,776

795

2,089

1,539

Net cash acquired (paid) in acquisitions

-

-

-

-

-

0

0

0

-36,153

0

0

18,531

-12

-

-

-

-

Net cash (used in) provided by investing activities

-94,403

-374

-64,525

63,893

55,465

47,016

-45,712

-49,706

41,741

-38,221

-13,243

-35,195

-147,948

-6,806

-167,059

-168,836

-16,361

Net increase (decrease) in deposits

106,386

99,083

112,224

-25,081

-37,882

-69,036

-16,651

-75,063

-7,299

16,622

-216,587

63,711

123,110

-15,666

65,480

-35,158

22,062

Net (decrease) increase in short-term borrowings

-38,451

-40,265

8,450

-1,988

-8,403

-21,215

30,914

-16,157

-25,433

2,683

-17,186

32,160

-7,522

-6,732

13,275

23,365

-5,889

Proceeds from FHLB borrowings

100,000

0

65,000

100,000

195,000

115,000

245,080

440,000

217,000

100,000

170,000

35,000

142,357

165,000

355,000

195,000

300,000

Payments made on FHLB borrowings

200

66,599

65,198

185,197

165,196

125,195

270,274

347,193

144,064

91,000

80,000

20,000

129,857

165,000

215,000

137,500

300,000

Payments made on other borrowings

-

0

30,000

1,428

1,429

-

-

-

-

-

-

-

-

-

-

-

-

Payments made on subordinated debt

7,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid on preferred stock

-

0

26

83

82

82

82

83

83

-

-

-

-

-

-

-

-

Cash dividends paid on common stock

6,575

5,974

5,962

5,840

5,823

5,266

5,239

5,233

4,239

3,849

3,837

3,193

3,129

2,796

2,785

2,135

2,137

Common stock repurchased

20,562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under employee benefit plans

395

1,895

1,658

1,109

1,132

348

577

873

480

-158

241

387

2,755

829

344

-35

180

Net cash provided by (used in) financing activities

133,743

-31,981

180,112

-118,508

-22,683

-106,875

-17,103

-4,285

36,362

62,142

-148,881

147,669

127,714

-24,365

216,091

107,235

14,216

Net increase (decrease) in cash and cash equivalents

54,891

-14,841

163,931

-31,065

62,780

-28,733

-33,898

-54,852

115,981

31,630

-150,784

116,260

27,380

-37,314

104,664

-39,050

-50,059

Supplemental disclosures of cash flow information:
Cash payments for:
Interest paid on deposits and borrowed funds

13,985

16,174

14,194

15,358

12,432

13,766

10,079

11,028

6,083

7,288

5,681

5,558

3,438

4,851

3,099

4,935

3,044

Income tax paid (net of refunds)

898

-133

0

275

337

5

47

499

29

16

7

625

5

916

0

0

157

Supplemental disclosures of noncash investing and financing activities:
Transfer of investment securities held to maturity to investment securities available for sale

99,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of investment securities available for sale to equity securities

-

-

-

-

-

-

-

-

2,830

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

1,813

-

-

-

-

200

139

419

346

1,059

655

1,043

961

594

2,092

1,079

1,074