Northfield Bancorp, Inc. NFBK Cash Flow

Northfield bancorp, inc. (NFBK)

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	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
36,015	40,235	40,061	35,998	38,405	40,079	28,416	27,466	25,265	24,768	34,682	33,843	32,418	26,130	23,489	20,879	18,189	19,531	18,852	18,904	20,049	20,266	20,344	20,715	19,574	19,147	17,432	16,226	15,875	16,031	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
8,146	22	-143	2,461	2,640	2,615	2,048	1,232	1,073	1,411	1,651	1,635	1,138	635	236	-36	22	353	529	646	428	645	1,004	1,504	2,067	1,927	3,386	3,071	3,198	3,536	0	0	0
ESOP and stock compensation expense
4,706	5,576	6,406	7,380	7,657	7,769	7,888	8,072	8,355	8,686	8,827	8,751	9,048	9,555	9,935	10,528	10,195	8,891	7,877	6,823	5,401	4,653	4,432	4,089	4,585	5,037	4,449	4,281	4,056	3,907	0	0	0
Excess tax benefit on equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
3,593	3,569	3,075	3,033	3,023	3,020	3,041	3,097	3,159	3,229	3,323	3,414	3,544	3,591	3,530	3,492	3,400	3,385	4,359	3,518	3,584	3,640	2,797	3,731	3,705	3,634	3,438	3,244	3,047	2,824	0	0	0
Amortization of premiums, and deferred loan costs, net of (accretion) of discounts, and deferred loan fees
4,548	4,344	3,761	3,252	2,686	2,441	2,247	2,229	2,116	2,000	2,197	2,264	2,200	2,226	1,990	1,828	1,864	1,800	1,688	1,929	1,820	1,695	1,754	1,468	1,397	1,949	1,654	1,010	942	339	0	0	0
Amortization of intangible assets
251	265	280	296	311	326	341	356	372	386	402	417	431	447	361	276	224	210	287	365	410	416	423	428	434	440	375	376	346	316	0	0	0
Amortization of operating lease right-of-use assets
5,071	5,069	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income on bank owned life insurance
7,003	7,023	5,989	3,641	3,647	3,705	3,735	3,786	3,882	5,386	5,435	5,473	5,467	3,998	3,939	3,878	3,815	3,767	3,792	3,816	3,859	3,902	3,958	3,986	3,826	3,607	3,332	3,043	2,929	2,883	0	0	0
Net gain on sale of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	40	-220	-210	-106	0	0	0
Proceeds from sale of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,726	12,317	14,129	16,775	17,107	0	0	0
Losses (gains) on available-for-sale debt securities, net
346	514	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on trading securities, net
-1,090	1,988	-136	248	46	-879	827	752	867	1,114	1,202	1,228	1,219	813	607	-144	-398	-339	-317	-162	164	227	486	1,462	1,528	3,217	2,987	2,672	2,210	2,534	0	0	0
Origination of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,986	6,582	9,105	10,935	13,314	0	0	0
Gain on sale of other real estate owned, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Net sales of trading securities
-281	266	-159	-201	-164	250	622	611	614	626	555	571	319	637	802	670	871	687	655	847	797	579	279	171	164	358	345	341	353	147	0	0	0
Decrease (increase) in accrued interest receivable
1,093	1,650	1,834	2,703	2,080	2,246	1,735	1,647	1,331	999	1,065	520	567	-1	-5	-293	-171	248	-1,344	-398	-179	-122	1,348	338	-183	-17	-56	-86	56	-899	0	0	0
(Increase) decrease in other assets
1,462	-2,679	-1,921	997	-3,271	-3,563	4,706	3,653	2,409	3,689	-8,567	-8,114	-5,024	-3,052	1,338	1,597	298	-3,359	-4,053	-1,544	-902	2,948	1,395	538	-2,614	-978	-747	-734	978	-4,316	0	0	0
Decrease in accrued expenses and other liabilities
-148	1,011	-6,584	-4,123	-3,399	-631	4,115	2,217	676	-560	-338	-2,067	-1,411	571	241	678	215	1,059	-483	1,840	1,940	2,625	2,229	244	-4,522	-623	440	41	110	-1,289	0	0	0
Net cash provided by operating activities
53,472	51,152	44,587	42,811	48,816	52,789	51,317	49,567	47,431	43,624	48,489	45,520	41,761	37,701	31,321	30,157	27,909	32,311	33,056	30,617	29,049	25,710	25,851	25,497	23,775	30,008	29,771	27,020	25,861	27,977	0	0	0
Cash flows from investing activities:
Net increase in loans receivable
208,960	147,507	104,329	80,001	111,897	69,270	32,501	70,247	12,514	110,177	152,899	163,845	136,473	87,514	75,646	117,611	201,395	246,562	334,531	318,539	304,707	267,912	240,093	247,026	266,732	253,145	227,332	187,174	139,024	96,339	0	0	0
Purchase of loans
-	-	-	-	-	37,593	42,622	101,709	101,709	64,116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Federal Home Loan Bank of New York stock
44,936	38,546	32,502	21,803	16,832	21,557	17,206	22,765	19,340	18,890	18,927	15,697	12,647	9,497	25,227	18,837	13,814	11,001	3,999	14,547	18,405	20,138	9,757	6,394	7,007	4,966	1,946	-1,819	-1,231	-585	0	0	0
Redemptions of Federal Home Loan Bank of New York stock
37,598	21,488	24,357	17,191	18,748	24,086	23,017	38,778	29,660	18,967	15,130	-2,735	2,823	10,653	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities available-for-sale
512,144	635,898	548,444	611,367	489,522	451,174	429,843	326,594	249,353	137,631	67,355	18,148	105,864	105,860	105,558	105,458	0	0	0	0	0	436	25,436	25,404	100,105	289,562	459,914	599,373	712,601	801,492	0	0	0
Purchases of equity securities
2,026	2,061	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments and maturities on debt securities available-for-sale
311,348	243,374	198,786	170,147	134,656	118,485	118,164	125,725	112,690	114,416	121,128	130,926	152,562	162,594	158,362	160,956	165,547	173,923	178,267	174,944	171,158	161,650	170,895	183,605	245,319	331,536	388,039	427,346	428,246	420,271	0	0	0
Principal payments and maturities on debt securities held-to-maturity
708	709	709	907	402	403	400	202	202	200	197	193	189	181	175	156	315	870	1,093	1,245	1,041	442	0	0	0	-	-	-	-	32,275	0	0	0
Proceeds from sale of debt securities available-for-sale
50,100	79,300	54,400	36,900	41,800	32,100	36,133	33,633	24,500	5,000	2,707	3,232	17,666	44,582	42,842	54,239	78,064	51,148	53,974	43,931	11,098	11,975	69,447	120,380	235,362	259,600	230,416	223,914	134,071	207,700	0	0	0
Proceeds from bank owned life insurance
5,004	5,002	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	918	554	392	279	418	856	843	937	519	615	1,918	2,249	3,240	0	0	0
Purchases and improvements of premises and equipment
4,052	3,623	3,813	3,675	2,949	2,879	2,766	2,265	2,261	2,065	1,269	1,164	882	932	775	564	377	802	1,225	1,051	1,155	809	492	929	1,700	2,916	4,614	5,933	6,669	8,035	0	0	0
Net cash acquired in business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	55,479	55,479	55,479	55,479	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-412,286	-522,725	-451,721	-533,377	-424,777	-406,360	-345,244	-340,209	-222,807	-190,526	-165,361	-138,905	-241,466	-97,614	-140,251	-95,563	-92,058	-211,622	-239,252	-419,125	-322,797	-296,916	-227,209	6,113	77,368	12,553	-72,793	-122,588	-263,331	-244,803	0	0	0
Cash flows from financing activities:
Net increase in deposits
110,341	121,721	196,041	332,910	470,129	449,533	405,866	288,808	228,806	123,392	106,401	72,038	132,505	204,455	89,251	170,133	309,313	432,264	573,020	499,152	293,475	127,976	17,941	-53,004	-139,780	-174,617	100,792	169,756	303,048	352,766	0	0	0
Dividends paid
20,622	20,198	19,758	19,304	18,759	18,673	18,593	17,592	16,621	15,646	14,665	14,612	14,565	14,074	13,417	12,777	12,208	12,184	12,412	12,517	12,740	12,884	12,970	13,167	26,874	26,859	23,571	20,282	3,284	1,722	0	0	0
Net proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,648	0	0	0	-	-	-	-
Merger of Northfield Bancorp, MHC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	0	0	0	-	-	-	-
Purchase of common stock for Employee Stock Ownership Plan (ESOP)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,224	0	0	0	-	-	-	-
Exercise of stock options
4,950	5,770	5,745	1,626	2,358	2,088	1,918	1,499	733	100	100	112	212	120	397	129	29	158	-182	163	163	212	275	178	178	21	0	0	0	-	-	-	-
Purchase of employee restricted shares to fund statutory tax withholding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,446	79,074	105,008	117,401	138,702	107,942	79,740	42,391	3,628	3,280	0	2,628	4,344	0	0	0
Increase in advance payments by borrowers for taxes and insurance
1,721	2,038	1,752	2,808	2,517	3,209	2,734	2,716	2,897	2,467	2,328	3,697	2,343	1,469	972	1,900	2,817	3,070	3,212	1,854	1,454	1,351	1,070	2,169	2,751	2,953	2,688	2,496	2,023	1,287	0	0	0
Additional tax benefit on equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	1,512	898	893	815	122	119	121	4	390	390	388	388	296	0	0	0	-	-	-	-
Repayments under capital lease obligations
0	44	111	175	239	255	246	239	230	224	217	215	210	204	200	189	184	179	267	202	236	272	212	307	300	289	279	269	260	251	0	0	0
Proceeds from securities sold under agreements to repurchase and other borrowings
1,401,615	1,206,659	685,663	331,527	147,291	397,312	507,382	677,390	618,694	441,570	383,390	298,639	275,537	228,978	297,794	255,306	278,920	250,314	426,334	767,279	748,014	821,373	589,080	642,115	635,738	539,250	522,223	278,981	334,195	398,439	0	0	0
Repayments related to securities sold under agreements to repurchase and other borrowings
1,094,502	758,502	435,582	160,582	194,080	459,715	649,635	653,506	657,635	443,003	293,913	277,042	259,070	315,910	314,000	357,100	461,807	470,664	685,432	722,332	587,021	512,768	313,061	519,812	535,655	487,758	534,774	385,023	416,627	466,077	0	0	0
Net cash (used in) provided by financing activities
387,688	541,629	418,051	478,740	409,212	373,494	249,421	299,076	176,644	108,656	183,977	83,162	136,358	104,145	59,078	50,143	85,721	154,455	225,318	428,510	325,712	286,676	174,571	-21,180	-105,945	-110,083	104,664	86,540	257,552	280,318	0	0	0
Net (decrease) increase in cash and cash equivalents
28,874	70,056	10,917	-11,826	33,251	19,923	-44,506	8,434	1,268	-38,246	67,105	-10,223	-63,347	44,232	-49,852	-15,263	21,572	-24,856	19,122	40,002	31,964	15,470	-26,787	10,430	-4,802	-67,522	61,642	-9,028	20,082	63,492	0	0	0
Supplemental cash flow information:
Cash paid during the period for:
Interest
52,954	51,634	50,711	45,530	40,610	35,822	31,412	28,060	25,154	23,765	22,360	21,976	21,800	22,037	21,896	21,147	20,611	19,738	18,445	17,277	16,189	15,002	15,223	15,616	16,080	17,177	18,589	20,121	21,788	22,997	0	0	0
Income taxes
11,241	11,092	9,574	11,353	10,102	10,368	15,142	13,122	10,642	12,875	10,579	12,880	16,300	14,415	13,438	11,238	11,815	10,800	7,664	10,708	12,643	16,696	18,385	18,332	16,153	16,196	16,198	13,211	11,983	7,991	0	0	0
Non-cash transactions:
Loan charge-offs, net
-1,169	-1,189	-522	1,511	1,326	1,278	460	-45	184	-154	-108	347	233	810	1,551	1,163	1,542	1,875	1,151	1,397	1,095	390	1,841	2,057	1,818	2,314	3,342	3,294	3,983	3,949	0	0	0
Transfers of held-to-maturity securities to available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other real estate owned write-downs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71	71	329	329	305	305	171	171	124	0	0	0	-	-	-	-
Securities purchased, not yet settled
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of use assets
0	43,560	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	47,328	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	61,633	61,633	61,633	61,633	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	342,566	342,566	342,566	342,566	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	1,452	1,452	1,452	1,452	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	11,269	11,269	11,269	11,269	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	5,926	5,926	5,926	5,926	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank of New York stock
-	-	-	-	-	-	-	-	-	-	-	-	-	476	476	476	476	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	24,265	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	5,389	5,389	5,389	5,389	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	452,976	452,976	452,976	452,976	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash liabilities assumed at fair value:
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	2,213	2,213	2,213	2,213	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	8,318	8,318	8,318	8,318	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	466,734	466,734	466,734	466,734	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net non-cash assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-13,758	-13,758	-13,758	-13,758	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash and cash equivalents acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposits utilized to purchase common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289,554	0	0	0	-	-	-	-
Increase in due to broker for purchases of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Increase in due from broker for sales of securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-