Northfield Bancorp, Inc. NFBK Cash Flow

Northfield bancorp, inc. (NFBK)

CashFlow / Quarterly

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	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
Cash flows from operating activities:
Net income
4,551	10,121	13,139	8,204	8,771	9,947	9,076	10,611	10,445	-1,716	8,126	8,410	9,948	8,198	7,287	6,985	3,660	5,557	4,677	4,295	5,002	4,878	4,729	5,440	5,219	4,956	5,100	4,299	4,792	3,241	3,894	3,948	4,948
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
8,183	772	-1,300	491	59	607	1,304	670	34	40	488	511	372	280	472	14	-131	-119	200	72	200	57	317	-146	417	416	817	417	277	1,875	502	544	615
ESOP and stock compensation expense
894	1,332	911	1,569	1,764	2,162	1,885	1,846	1,876	2,281	2,069	2,129	2,207	2,422	1,993	2,426	2,714	2,802	2,586	2,093	1,410	1,788	1,532	671	662	1,567	1,189	1,167	1,114	979	1,021	942	965
Excess tax benefit on equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
795	1,253	774	771	771	759	732	761	768	780	788	823	838	874	879	953	885	813	841	861	870	1,787	0	927	926	944	934	901	855	748	740	704	632
Amortization of premiums, and deferred loan costs, net of (accretion) of discounts, and deferred loan fees
1,065	1,226	1,084	1,173	861	643	575	607	616	449	557	494	500	646	624	430	526	410	462	466	462	298	703	357	337	357	417	286	889	62	-227	218	286
Amortization of intangible assets
55	64	65	67	69	79	81	82	84	94	96	98	98	110	111	112	114	24	26	60	100	101	104	105	106	108	109	111	112	43	110	81	82
Amortization of operating lease right-of-use assets
1,059	1,724	1,149	1,139	1,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income on bank owned life insurance
876	1,952	3,267	908	896	918	919	914	954	948	970	1,010	2,458	997	1,008	1,004	989	938	947	941	941	963	971	984	984	1,019	999	824	765	744	710	710	719
Net gain on sale of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	26	-4	13	5	-234	6	117
Proceeds from sale of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,213	1,330	191	6,992	3,804	3,142	2,837	7,324
Losses (gains) on available-for-sale debt securities, net
-13	177	123	59	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on trading securities, net
-1,992	531	28	343	1,086	-1,593	412	141	161	113	337	256	408	201	363	247	2	-5	-388	-7	61	17	-233	319	124	276	743	385	1,813	46	428	-77	2,137
Origination of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	348	1,354	752	1,532	2,944	3,877	2,582	3,911
Gain on sale of other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	5	129	-	0	0	-19	-	0	0	0	-	-	-	-
Net sales of trading securities
-842	316	133	112	-295	-109	91	149	119	263	80	152	131	192	96	-100	449	357	-36	101	265	325	156	51	47	25	48	44	241	12	44	56	35
Decrease (increase) in accrued interest receivable
-311	791	-298	911	246	975	571	288	412	464	483	-28	80	530	-62	19	-488	526	-350	141	-69	-1,066	596	360	-12	404	-414	-161	154	365	-444	-19	-801
(Increase) decrease in other assets
1,023	-2,269	-3,687	6,395	-3,118	-1,511	-769	2,127	-3,410	6,758	-1,822	883	-2,130	-5,498	-1,369	3,973	-158	-1,108	-1,110	2,674	-3,815	-1,802	1,399	3,316	35	-3,355	542	164	1,671	-3,124	555	1,876	-3,623
Decrease in accrued expenses and other liabilities
-5,912	3,641	1,198	925	-4,753	-3,954	3,659	1,649	-1,985	792	1,761	108	-3,221	1,014	32	764	-1,239	684	469	301	-395	-858	2,792	401	290	-1,254	807	-4,365	4,189	-191	408	-4,296	2,790
Net cash provided by operating activities
11,949	17,235	17,857	6,431	9,629	10,670	16,081	12,436	13,602	9,198	14,331	10,300	9,795	14,063	11,362	6,541	5,735	7,683	10,198	4,293	10,137	8,428	7,759	2,725	6,798	8,569	7,405	1,003	13,031	8,332	4,654	-156	15,147
Cash flows from investing activities:
Net increase in loans receivable
72,609	82,557	11,810	41,984	11,156	39,379	-12,518	73,880	-31,471	2,610	25,228	16,147	66,192	45,332	36,174	-11,225	17,233	33,464	78,139	72,559	62,400	121,433	62,147	58,727	25,605	93,614	69,080	78,433	12,018	67,801	28,922	30,283	-30,667
Purchase of loans
-	-	-	-	-	0	0	0	37,593	5,029	59,087	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Federal Home Loan Bank of New York stock
7,515	12,645	11,610	13,166	1,125	6,601	911	8,195	5,850	2,250	6,470	4,770	5,400	2,287	3,240	1,720	2,250	18,017	-3,150	-3,303	-563	11,015	7,398	555	1,170	634	4,035	1,168	-871	-2,386	270	1,756	-225
Redemptions of Federal Home Loan Bank of New York stock
17,235	5,175	11,835	3,353	1,125	8,044	4,669	4,910	6,463	6,975	20,430	-4,208	-4,230	3,138	2,565	1,350	3,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities available-for-sale
26,320	179,363	89,633	216,828	150,074	91,909	152,556	94,983	111,726	70,578	49,307	17,742	4	302	100	105,458	0	0	0	0	0	0	0	0	436	25,000	-32	74,701	189,893	195,352	139,427	187,929	278,784
Purchases of equity securities
142	1,053	-40	871	177	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments and maturities on debt securities available-for-sale
110,946	74,443	60,570	65,389	42,972	29,855	31,931	29,898	26,801	29,534	39,492	16,863	28,527	36,246	49,290	38,499	38,559	32,014	51,884	43,090	46,935	36,358	48,561	39,304	37,427	45,603	61,271	101,018	123,644	102,106	100,578	101,918	115,669
Principal payments and maturities on debt securities held-to-maturity
52	51	51	554	53	51	249	49	54	48	51	49	52	45	47	45	44	39	28	204	599	262	180	0	0	-	-	-	-	31,196	295	490	294
Proceeds from sale of debt securities available-for-sale
0	24,900	20,000	5,200	29,200	0	2,500	10,100	19,500	4,033	0	967	0	1,740	525	15,401	26,916	0	11,922	39,226	0	2,826	1,879	6,393	877	60,298	52,812	121,375	25,115	31,114	46,310	31,532	98,744
Proceeds from bank owned life insurance
2	0	5,002	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	193	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	364	162	113	279	0	0	0	418	438	-13	94	0	534	1,290	425	991
Purchases and improvements of premises and equipment
806	945	1,041	1,260	377	1,135	903	534	307	1,022	402	530	111	226	297	248	161	69	86	61	586	492	-88	165	240	175	349	936	1,456	1,873	1,668	1,672	2,822
Net cash acquired in business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	55,479	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
20,843	-172,077	-19,991	-241,061	-89,596	-101,073	-101,647	-132,461	-71,179	-39,957	-96,612	-15,059	-38,898	-14,792	-70,156	-117,620	104,954	-57,429	-25,468	-114,115	-14,610	-85,059	-205,341	-17,787	11,271	-15,352	27,981	53,468	-53,544	-100,698	-21,814	-87,275	-35,016
Cash flows from financing activities:
Net increase in deposits
77,313	70,924	37,118	-75,014	88,693	145,244	173,987	62,205	68,097	101,577	56,929	2,203	-37,317	84,586	22,566	62,670	34,633	-30,618	103,448	201,850	157,584	110,138	29,580	-3,827	-7,915	103	-41,365	-90,603	-42,752	275,512	27,599	42,689	6,966
Dividends paid
5,151	5,132	5,141	5,198	4,727	4,692	4,687	4,653	4,641	4,612	3,686	3,682	3,666	3,631	3,633	3,635	3,175	2,974	2,993	3,066	3,151	3,202	3,098	3,289	3,295	3,288	3,295	16,996	3,280	0	6	-2	1,718
Net proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	54,648	-	-	-	-
Merger of Northfield Bancorp, MHC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	124	-	-	-	-
Purchase of common stock for Employee Stock Ownership Plan (ESOP)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,224	-	-	-	-
Exercise of stock options
175	195	4,546	34	995	170	427	766	725	0	8	0	92	0	20	100	0	277	-248	0	129	-63	97	0	178	0	0	0	21	-	-	-	-
Purchase of employee restricted shares to fund statutory tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	1,134	990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	480	5,548	24,956	17,462	31,108	31,482	37,349	38,763	348	3,280	0	0	0	0	2,628	1,716
Increase in advance payments by borrowers for taxes and insurance
2,399	1,294	-2,066	94	2,716	1,008	-1,010	-197	3,408	533	-1,028	-16	2,978	394	341	-1,370	2,104	-103	1,269	-453	2,357	39	-89	-853	2,254	-242	1,010	-271	2,456	-507	818	-744	1,720
Additional tax benefit on equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	617	5	195	695	3	0	117	2	0	2	0	388	0	0	0	296	-	-	-	-
Repayments under capital lease obligations
0	0	0	0	44	67	64	64	60	58	57	55	54	51	55	50	48	47	44	45	43	135	-21	79	79	75	74	72	68	65	64	63	59
Proceeds from securities sold under agreements to repurchase and other borrowings
220,353	520,843	336,056	324,363	25,397	-153	-18,080	140,127	275,418	109,917	151,928	81,431	98,294	51,737	67,177	58,329	51,735	120,553	24,689	81,943	23,129	296,573	365,634	62,678	96,488	64,280	418,669	56,301	0	47,253	175,427	111,515	64,244
Repayments related to securities sold under agreements to repurchase and other borrowings
361,000	355,000	340,000	38,502	25,000	32,080	65,000	72,000	290,635	222,000	68,871	76,129	76,003	72,910	52,000	58,157	132,843	71,000	95,100	162,864	141,700	285,768	132,000	27,553	67,447	86,061	338,751	43,396	19,550	133,077	189,000	75,000	69,000
Net cash (used in) provided by financing activities
-65,911	233,008	24,879	195,712	88,030	109,430	85,568	126,184	52,312	-14,643	135,223	3,752	-15,676	60,678	34,408	56,948	-47,889	15,611	25,473	92,526	20,845	86,474	228,665	-10,272	-18,191	-25,631	32,914	-95,037	-22,329	189,116	14,790	75,975	437
Net (decrease) increase in cash and cash equivalents
-33,119	78,166	22,745	-38,918	8,063	19,027	2	6,159	-5,265	-45,402	52,942	-1,007	-44,779	59,949	-24,386	-54,131	62,800	-34,135	10,203	-17,296	16,372	9,843	31,083	-25,334	-122	-32,414	68,300	-40,566	-62,842	96,750	-2,370	-11,456	-19,432
Supplemental cash flow information:
Cash paid during the period for:
Interest
13,003	12,046	14,658	13,247	11,683	11,123	9,477	8,327	6,895	6,713	6,125	5,421	5,506	5,308	5,741	5,245	5,743	5,167	4,992	4,709	4,870	3,874	3,824	3,621	3,683	4,095	4,217	4,085	4,780	5,507	5,749	5,752	5,989
Income taxes
550	4,119	1,241	5,331	401	2,601	3,020	4,080	667	7,375	1,000	1,600	2,900	5,079	3,301	5,020	1,015	4,102	1,101	5,597	0	966	4,145	7,532	4,053	2,655	4,092	5,353	4,096	2,657	1,105	4,125	104
Non-cash transactions:
Loan charge-offs, net
90	130	-1,534	145	70	797	499	-40	22	-21	-6	189	-316	25	449	75	261	766	61	454	594	42	307	152	-111	1,493	523	-87	385	2,521	475	602	351
Transfers of held-to-maturity securities to available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,219	-	-	-	-
Other real estate owned write-downs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	71	0	258	0	47	0	124	0	0	-	-	-	-
Securities purchased, not yet settled
-	-	-	-	-	-	-	-	19,608	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of use assets
0	0	0	0	43,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	0	0	0	47,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	61,633	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	342,566	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,452	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11,269	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,926	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank of New York stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	476	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	24,265	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,389	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	452,976	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash liabilities assumed at fair value:
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	456,203	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,213	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,318	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	466,734	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net non-cash assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-13,758	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash and cash equivalents acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	55,479	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	41,721	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposits utilized to purchase common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	289,554	-	-	-	-
Increase in due to broker for purchases of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,944	-	-	-	19,762
Increase in due from broker for sales of securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,553	46,553	-	-	-	-