OceanFirst Financial Corp OCFC Cash Flow

Oceanfirst financial corp (OCFC)

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	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income
16,533	23,450	24,971	18,980	21,173	26,732	24,071	15,702	5,427	9,956	12,816	7,680	12,018	6,052	9,128	3,661	4,205	5,229	4,698	5,133	5,262	4,932	5,164	5,117	4,707	1,938	4,968	4,988	4,436	4,041	4,959	5,373	5,647	5,459	5,073	5,103	5,106
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of premises and equipment
2,126	1,915	1,984	2,207	2,257	2,125	1,998	2,316	2,267	1,697	1,495	1,584	1,527	1,345	1,310	1,158	973	965	866	760	744	755	749	717	695	701	725	726	680	673	667	658	628	616	622	618	598
Allocation of ESOP stock
347	393	381	401	400	369	283	483	483	227	219	228	245	196	160	152	149	163	152	147	141	139	140	140	151	151	145	122	120	117	122	122	119	110	109	114	117
Stock awards
1,108	721	538	1,690	912	508	743	979	808	503	474	474	730	324	425	426	330	315	347	346	292	250	249	249	180	162	181	171	157	195	34	187	175	125	257	257	265
Net excess tax benefit on stock compensation
299	114	3	10	230	0	150	447	125	123	157	-2,373	3,916	0	0	-270	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of servicing asset
12	9	11	11	11	12	14	15	57	18	20	22	25	32	38	42	45	-31	62	61	153	142	280	292	302	310	323	366	386	408	411	404	410	436	461	1,440	-484
Net premium amortization in excess of discount accretion on securities
-842	-845	-749	-765	-873	-905	-923	-964	-1,101	-1,063	-963	-722	-468	-361	-446	-461	-388	-408	-443	-544	-596	-655	-689	-735	-737	-806	-949	-946	-966	-941	-945	-780	-800	-782	-534	-460	-590
Net amortization of deferred costs on borrowings
63	55	53	54	54	66	65	66	65	41	-31	32	32	0	0	-128	128	-86	16	48	22	-	26	28	7	61	139	139	162	169	203	255	192	161	229	163	259
Amortization of core deposit intangible
1,578	998	1,009	1,015	1,005	983	994	1,002	832	495	507	513	524	304	181	125	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of purchase accounting adjustments
5,637	3,506	2,789	3,732	4,067	3,926	4,003	4,939	3,865	1,935	2,220	1,892	2,169	1,437	1,637	1,267	164	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of deferred costs and discounts on loans
-40	-556	-680	-264	-84	-176	-198	-264	-31	-209	-128	-142	-30	157	143	-26	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
9,969	355	305	356	620	506	907	706	1,371	1,415	1,165	1,165	700	510	888	662	563	300	300	300	375	825	1,000	275	530	200	700	800	1,100	3,100	1,400	1,700	1,700	2,000	1,850	2,200	1,700
Net loss on sale and write-down of other real estate owned
2	0	-50	-59	89	-410	-1,260	-633	-56	-382	-358	-13	-366	70	-63	-80	-65	185	-28	45	67	-105	107	13	31	-140	-122	136	21	144	126	55	-30	-89	-49	129	-269
Net gain on sale of fixed assets
0	0	22	0	5	0	-1	0	27	-137	-6	0	-7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of fixed assets held for sale to net realizable value
-	-	-	-	-	280	2,958	782	4	-266	1,368	4,982	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized gain on equity securities
155	-63	89	133	108	83	-70	-74	-138	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of loans
173	1	0	7	8	14	31	6	617	26	17	15	42	290	347	170	179	185	260	184	193	195	226	219	132	286	316	735	801	1,232	1,318	1,046	1,122	936	698	609	759
Proceeds from sales of mortgage loans held for sale
7,673	111	0	409	503	741	1,380	426	247	1,445	1,007	881	1,949	12,388	18,132	10,475	9,080	6,649	14,643	16,971	11,173	8,328	9,945	11,056	10,312	18,336	19,316	32,783	36,284	41,477	47,934	43,376	44,116	39,205	29,090	26,730	40,680
Mortgage loans originated for sale
25,282	0	110	402	495	-5	1,161	1,172	170	1,321	1,161	751	639	22,864	3,260	12,229	9,590	6,855	15,235	12,221	12,799	9,251	11,605	11,078	10,637	16,441	18,945	31,037	33,191	41,711	46,841	44,330	38,117	44,823	27,362	27,707	36,470
Increase in value of Bank Owned Life Insurance
1,575	1,375	1,431	1,293	1,321	1,292	1,337	1,335	1,141	863	881	783	772	710	659	542	319	343	348	364	446	380	382	377	338	337	420	332	315	361	376	295	306	324	317	283	248
Increase in interest and dividends receivable
2,095	-65	-367	-191	1,020	-1,133	1,153	247	-453	627	591	778	269	176	-732	595	161	-118	6	76	-32	-73	262	-44	-19	-707	-223	215	119	-987	504	78	-51	28	-265	-91	314
Provision for repurchased loans and loss sharing obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	975	400	100	100	150	-	-	-	-
Deferred tax provision
245	15,717	-44	-68	448	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in other assets
-10,877	5,085	7,870	2,904	17,012	-13,849	-5,360	-4,334	-3,758	9,387	-258	-1,063	-2,691	-9,904	464	-8,744	-428	188	-547	259	-1,570	-15	-43	-531	438	-1,588	441	-1,126	242	1,545	-1,937	-1,218	673	2,549	111	664	-186
Increase in other liabilities
47,501	-17,162	2,313	-2,287	34,084	-8,520	-5,366	7,076	-3,454	-21,045	16,771	591	-1,552	-24,298	4,929	-3,063	2,206	-901	-419	95	-2,300	3,492	1,903	-4,898	-373	2,399	-968	-2,213	2,042	-2,777	1,514	-938	3,277	1,226	1,755	-5,657	-8,860
Total adjustments
47,163	-5,185	-2,455	2,417	16,896	3,586	3,953	10,808	2,272	7,479	19,681	10,566	-65	-18,550	20,864	4,379	3,685	1,589	1,004	6,123	-707	7,691	1,852	-2,866	984	6,743	1,733	2,469	8,183	1,346	-3,898	1,832	11,588	-4,625	6,881	-3,944	-1,503
Net cash provided by operating activities
63,696	18,265	22,516	21,397	38,069	30,318	28,024	26,510	7,699	17,435	32,497	18,246	11,953	-12,498	29,992	8,040	7,890	6,818	5,702	11,256	4,555	12,623	7,016	2,251	5,691	8,681	6,701	7,457	12,619	5,387	1,061	7,205	17,235	834	11,954	1,159	3,603
Cash flows from investing activities
Net (increase) decrease in loans receivable
160,211	123,223	140,035	-26,042	-21,335	-17,954	-32,965	14,910	-67,880	80,625	8,888	32,466	16,292	-38,013	-58,710	-24,030	14,382	38,640	30,205	36,402	41,169	76,658	3,817	41,725	30,652	19,724	19,016	6,179	-20,002	-18,533	-410	-2,109	-5,998	-22,034	-27,664	-14,236	-22,356
Proceeds from sale of under performing loans
9,313	0	3,576	2,325	0	1,688	4,430	0	4,294	5,164	6,022	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of loans receivable
0	0	0	0	101,674	52,017	25,873	121,690	0	20,710	0	11,598	5,029	24,619	0	0	12,942	0	14,868	0	7,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of debt investment securities available-for-sale
9,980	25,052	15,100	10,053	9,953	5,030	0	27,030	980	15,177	4,998	15,042	34,770	-	-	-	-	-	-	0	9,973	9,931	9,965	0	651	0	1,204	20,072	7,016	10,066	22,707	39,840	1,777	10,751	28,096	4,853	30,311
Purchase of debt investment securities held-to-maturity
0	804	0	1,500	2,077	2,469	0	1,350	2,667	13,731	34,449	34,647	42,497	3,976	2,030	0	0	-	-	-	-	-	-	-	5,003	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of mortgage-backed securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	46,115	81,467	6,400	13,892	28,394	45,977	45,936	25,816	0	29,808
Purchase of debt mortgage-backed securities held-to-maturity
-	-	-	-	-	-	-	-	-	45,291	20,195	20,031	79,984	-	-	-	-	-	-	-	-	0	25,069	0	10,134	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity investments
36	54	54	53	53	53	51	45	42	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and calls of debt investment securities available-for-sale
10,223	852	11,823	10,374	6,250	-	-	13,829	0	-	-	-	-	-	-	-	-	-	-	-	-	29,299	-4,294	5,000	5,000	24,999	20,396	-7,657	7,657	5,713	9,815	9,853	2,668	-	-	-	-
Proceeds from maturities and calls of debt investment securities held-to-maturity
13,001	17,709	12,050	6,765	6,732	11,297	9,001	28,530	3,715	5,213	5,645	6,000	1,375	412	33,917	13,500	6,135	10,431	12,576	11,870	11,415	-17,290	20,651	3,451	899	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of debt investment securities available-for-sale
5,869	-	-	-	0	-	-	-	1,137	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on debt mortgage-backed securities available-for-sale
0	-	-	-	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35	16,621	27,925	30,949	28,912	31,365	29,235	28,860	30,864	18,481	14,649	21,845
Proceeds from Bank Owned Life Insurance
155	154	403	313	0	0	0	155	2,553	314	155	0	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	158	-	-	-	-
Proceeds from the redemption of restricted equity investments
36,581	36,641	30,618	32,522	22,754	23,001	32,482	28,232	23,092	728	15,270	3,680	60	126	5,483	20,853	5,706	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of restricted equity investments
47,216	36,902	33,288	36,284	21,320	22,640	22,644	44,796	36,968	1,980	13,384	4,785	0	0	2,644	18,554	2,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in Federal Home Loan Bank of New York stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,084	2,012	-2,442	-	-5,461	3,235	2,493	-693	-3,679	1,770	59	-87	-888	289	-413	-1	-118	-91	1,442
Proceeds from sales of other real estate owned
89	0	725	785	550	4,792	363	45	238	1,103	1,277	632	868	551	1,479	1,506	208	1,620	324	523	875	1,650	1,193	648	525	202	471	451	992	1,200	1,215	521	169	35	1,520	1,075	334
Purchases of premises and equipment
1,798	1,830	1,585	820	840	1,063	3,875	4,623	1,926	39,667	7,040	1,030	961	2,090	3,199	505	876	815	1,379	823	874	803	1,009	1,184	974	1,744	347	1,359	833	673	506	826	595	413	639	616	559
Cash consideration received (paid) for acquisition, net of cash received
-	-	-	-	-	0	0	0	3,743	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash consideration received for acquisition
23,460	-	-	-	59,395	-	-	-	-	-	-	-	-	0	0	0	16,727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-85,149	-143,798	-98,798	61,841	8,633	10,585	59,541	-105,788	84,215	-181,589	-34,633	-85,622	-153,379	16,341	126,400	117,727	11,232	-43,782	-10,971	-10,726	-29,591	-43,283	4,432	-42,328	-30,194	22,841	16,510	-40,997	-29,775	37,306	6,588	-26,410	-10,241	-3,636	-6,768	24,582	-17,585
Cash flows from financing activities
(Decrease) increase in deposits
-29,963	107,993	33,461	-102,856	27,089	-39,503	35,104	-87,487	-51,139	-7,333	173,513	-21,535	11,204	-11,796	118,608	-13,275	37,771	-51,006	82,750	-39,251	80,791	-61,092	75,717	-14,621	-26,632	-22,151	65,168	-36,548	20,623	-20,303	31,598	27,932	-25,639	18,177	48,676	-6,558	-18,180
Decrease in short-term borrowings
-50,297	-1,328	46,981	76,912	-16,586	3,716	-203,132	352,713	-27,205	34,342	-22,723	20,843	7,271	684	-59,421	-42,441	-73,959	79,879	-66,872	34,646	-75,393	116,397	-85,688	-21,185	15,222	103,353	-81,490	80,130	10,520	-11,358	-17,250	20,605	2,693	-5,644	-954	-34,515	39,350
Proceeds from Federal Home Loan Bank advances
460,000	-	-	-	0	-	-	-	-	-	-	-	-	161	0	45,000	10,000	15,000	5,000	15,000	20,000	10,000	15,000	130,000	60,000	-	-	-	-	-	-	-	-	0	0	30,000	25,000
Repayments of Federal Home Loan Bank advances
162,700	30,000	20,626	45,497	10,495	10,548	15,544	40,542	521	484	481	480	477	475	630	72,580	468	-	-	-	-	20,000	30,000	40,000	20,000	-	-	-	-	0	0	20,000	21,000	0	8,000	15,000	31,000
Repayments of other borrowings
27	47	45	81	90	97	150	192	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in advances by borrowers for taxes and insurance
4,832	-2,346	1,413	-321	1,072	-2,588	-1,119	5,799	818	-3,215	-665	160	846	2,049	-1,541	1,628	150	-687	-37	360	1,162	-393	-180	846	-421	-71	-423	140	-561	-90	1,274	-254	-1,203	-407	1,226	-77	-908
Exercise of stock options
657	190	350	276	519	388	-381	1,861	3,456	162	161	827	2,204	1,341	1,362	1,191	95	146	85	118	47	0	84	0	265	-	-	-	-	0	213	146	60	7	-1	25	13
Payment of employee taxes withheld from stock awards
1,972	72	195	45	2,546	60	568	2,200	467	116	189	261	956	311	0	45	199	-	-	-	-	-	-	-	-	-	-	-	-	-	480	0	2	-	-	-	-
Purchase of treasury stock
14,814	8,012	10,656	3,593	3,805	2,437	8,400	0	0	-	-	-	-	-	-	-	-	2	2,005	3,695	757	-	-	-	-	1	3,595	870	3,642	1,701	2,882	5,749	1,565	-	-	-	-
Dividends paid
10,274	8,298	8,639	8,660	8,644	8,139	7,151	7,169	7,105	4,847	4,882	4,770	4,787	3,827	3,308	3,284	2,197	2,197	2,208	2,142	2,146	2,170	2,006	2,030	2,035	2,031	2,057	2,062	2,089	2,116	2,121	2,166	2,176	2,199	2,197	2,199	2,194
Tax benefit of stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	1	7	-6	7	0	50	-	-	-	-	-	-	-	-	-	-	-	8
Net cash provided by (used in) financing activities
195,442	103,080	77,044	-83,865	-13,486	-67,668	-192,941	214,383	-82,163	18,509	149,734	-216	15,305	-14,053	88,969	-93,806	-28,807	30,334	15,486	5,037	23,711	39,120	-27,608	47,148	27,291	-41,619	-21,533	4,556	25,973	-35,514	7,804	21,022	-46,426	9,872	36,337	-28,169	13,889
Net increase in cash and due from banks and restricted cash
173,989	-22,453	762	-627	33,216	-26,765	-105,376	135,105	9,751	-145,645	147,598	-67,592	-126,121	-10,210	245,361	31,961	-9,685	-6,630	10,217	5,567	-1,325	8,460	-16,160	7,071	2,788	-10,097	1,678	-28,984	8,817	7,179	15,453	1,817	-39,432	7,070	41,523	-2,428	-93
Non-cash activities
Cash paid during the period for
Interest
19,293	13,022	13,749	13,052	12,492	9,810	10,424	9,293	6,920	5,886	4,631	4,436	5,266	4,269	3,425	3,022	2,485	2,299	2,492	2,122	2,015	2,046	1,968	1,630	1,599	1,961	2,480	2,670	2,858	3,151	3,463	3,711	3,826	4,293	4,415	4,704	5,052
Income taxes
0	3,500	5,240	11,250	16	2,174	14	129	0	6,000	6	0	2	3,848	2,400	4,664	0	2,700	7,100	600	162	2,800	2,400	5,361	1,240	1,343	1,332	5,186	275	2,900	300	5,806	12	1,829	3,719	7,762	4,900
Accretion of unrealized loss on securities reclassified to held-to-maturity
199	362	210	208	211	215	226	2,191	273	280	300	272	293	352	375	313	366	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loan charge-offs
1,154	139	-196	926	492	750	777	1,382	-275	2,278	1,138	223	268	2,213	680	2,340	-1,071	216	196	185	273	818	5,626	273	526	157	633	474	1,116	881	766	2,284	1,689	-	-	-	-
Transfer of loans receivable to other real estate owned
106	-30	204	115	674	352	0	267	373	337	2,072	999	318	166	779	413	475	-	-	-	-	-47	2,584	1,146	606	428	1,432	922	574	638	1,282	1,863	267	901	-46	1,840	222
Non-cash assets acquired
Securities
208,880	0	0	0	103,775	0	0	0	254,522	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted equity investments
5,334	0	0	0	313	0	0	0	16,967	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans
1,559,497	0	75	686	307,017	173	-174	-601	1,517,947	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment
9,744	0	0	0	3,389	0	0	-409	20,301	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
4,161	-	0	3	1,387	-	0	0	5,621	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank Owned Life Insurance
22,440	0	0	0	10,460	0	0	0	85,238	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax asset
-800	138	-15	-134	3,978	-138	-231	-409	58,352	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
10,077	-127	0	-92	1,497	1,097	-16	0	5,262	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other intangible assets, net
139,275	95	-55	-504	39,339	338	-869	1,454	198,915	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash assets acquired
1,958,608	106	5	-41	471,155	1,470	-1,290	35	2,163,125	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
Deposits
1,594,403	0	0	0	449,018	0	0	0	1,616,073	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings
92,618	0	0	0	0	-20	0	0	127,747	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
33,602	106	5	-41	5,051	1,490	-1,290	35	13,007	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities assumed
1,720,623	106	5	-41	454,069	1,470	-1,290	35	1,756,827	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage-backed Securities, Available-for-Sale
Principal repayments on debt mortgage-backed securities held-to-maturity
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities
Principal repayments on debt
310	-	575	682	77	-	-	298	1,835	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage-backed Securities Held-to-Maturity
Principal repayments on debt
35,091	34,551	31,494	30,469	27,319	27,408	31,847	34,073	25,797	23,070	25,952	23,665	23,696	21,360	21,073	18,008	13,029	14,290	15,794	16,118	14,879	15,051	14,970	13,889	13,289	-	-	-	-	-	-	-	-	-	-	-	-