OFG Bancorp OFG Cash Flow

Ofg bancorp (OFG)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income
53,841	84,410	52,646	59,186	-2,504	85,181	98,446	24,555	34,450	9,834	22,945
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred loan origination fees, net of costs
-4,624	-4,605	-3,537	-3,548	-3,396	-2,883	-1,258	-658	86	-211	-218
Amortization Of Fair Value Discount
-	-	-	-	-3,106	-12,310	-12,224	0	-	-	-
Amortization of investment securities premiums, net of accretion of discounts
-4,956	-5,753	7,865	-8,540	-12,109	-3,124	-19,014	-41,768	-37,989	-40,667	13,075
Amortization of Intangible Assets
1,170	1,319	1,473	1,677	1,906	2,169	2,577	230	143	95	-
Increase (Decrease) In Operating Leases
-75	0	0	-	-	-	-	-	-	-	-
Fdic Shared Loss Expense Net
0	0	-1,403	-13,581	-42,808	-65,756	-69,267	-28,022	3,379	-	-
Amortization Of Fair Value Premiums Acquired Deposit
-	-	-	340	660	4,772	14,400	0	0	-	-
Amortization of discount to fair market value of acquired loan
-	-	-	-	-	-	-	-	0	-	-
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Ne
-	-	-	-	1,490	0	0	-	15,018	17,166	60,074
Net amortization (accretion) of FDIC shared-loss indemnification asset
-	-	-	-	-	-	-	-	-	-4,330	-
Other impairments on securities
-	-	-	-	-	-	-	0	77	0	-
OtherOperatingActivitiesCashFlowStatement
-	-	-	-	-	62	8	0	-	-	-
Amortization of prepaid FDIC assesment
-	-	-	-	-	-	-	5,148	5,197	5,772	-
Depreciation, Nonproduction
8,513	8,898	8,986	9,420	11,100	10,199	10,318	4,845	5,479	5,764	5,987
Deferred income tax (benefit) expense, net
-4,068	14,772	-3,658	23,226	-37,329	24,155	-11,066	1,513	-1,564	-10,092	-1,782
Total provision for loan and lease losses
96,792	56,108	113,139	65,076	161,501	60,640	72,894	23,681	13,813	22,196	15,650
Stock-based compensation
2,134	1,401	1,109	1,270	1,637	1,036	1,823	1,552	1,310	1,194	742
Employee benefit adjustment
0	0	-99	-	0	-	-	-	-	-	-
Business Combination Bargain Purchase Gain Recognized Amount
315	0	0	-	-	-	-	-	-	-	-
Gains Losses on Sales of Assets and Market Adjustments [Abstract]
Debt Securities Realized Gain Loss
8,274	0	-6,896	12,207	2,572	4,366	0	74,210	27,996	15,032	4,385
Fair value adjustment of servicing asset
-	-	-	-	-	-	-	-	-	-	-4,301
Sale of mortgage loans held for sale
524	301	-955	1,570	3,135	5,123	2,980	6,432	5,845	5,383	3,827
Gain Loss On Sale Of Derivatives
0	0	-103	-181	81	-752	-220	-43,046	-12,381	-36,823	29,181
Gains Losses On Extinguishment Of Debt
-7	0	-80	-12,000	0	0	1,061	-26,052	-4,790	0	-
Profit (Loss) from Real Estate Operations
-3,145	-4,662	-5,021	-11,934	-33,998	-9,195	-6,255	-4,366	-1,717	-	-
Gain (Loss) on Sale of Other Repossessed Assets
-	-	-	1,623	-	-	-	-	-	-	-
Gains (Losses) On Sale Of Other Assets
187	107	539	-12	-4,828	-6,770	-3,089	112	-34	-	-
Originations of loans held-for-sale
82,111	95,520	116,020	179,430	211,352	176,199	307,339	199,991	194,781	227,401	230,240
Proceeds from sale of loans held-for-sale
48,991	27,757	75,637	69,862	102,383	96,804	147,531	102,474	80,399	77,705	106,071
Net (increase) decrease in:
Trading securities
-323	169	-156	59	-1,306	-275	1,374	-333	-1,150	807	267
Accrued interest receivable
-1,904	-15,715	29,742	-410	-708	2,611	4,080	-3,510	-8,534	-4,940	-10,258
Servicing Asset at Fair Value, Period Increase (Decrease), Total
401	-895	37	-2,403	610	191	3,006	341	759	1,805	-
Net (increase) decrease in other assets
1,957	-5,486	-13,675	7,941	14,849	-11,738	-29,123	-4,899	-4,724	14,658	26,008
Net increase (decrease) in:
Accrued interest on deposits and borrowings
8,088	1,489	-937	-862	-250	-1,292	-2,155	-4,640	-1,058	650	-5,368
Net (decrease) increase in accrued expenses and other liabilities
-27,761	-2,028	28,431	4,344	-14,584	-33,028	18,425	19,397	-38,245	23,475	8,295
Net cash provided by operating activities
109,617	133,355	151,440	78,512	97,082	175,000	173,816	50,240	-39,727	-32,443	-43,994
Cash flows from investing activities:
Purchases of:
Investment securities available-for-sale
1,734	271,639	182,054	119,544	1,939	219,853	33,294	1,657,754	495,018	5,630,637	12,577,326
Payments To Acquire FHLB Stock
1,167	113,731	31,950	-	-	-	-	-	-	-	-
PaymentsToAcquireHeldToMaturitySecurities
-	-	-	86,478	499,317	166,562	0	119,026	311,922	703,390	-
Payment To Acquire Derivatives Instruments
-	-	-	-	-	-	-	3,492	0	-	-
Payments To Acquire Other Investments
467	0	0	20,421	0	86,175	104,337	454	1,283	2,560	26,981
Equity options
-	-	-	-	-	-	-	-	424	5,899	4,067
Maturities and Redemptions of [Abstract]
Swap Options
-	-	-	-	-	-	-	-	-	0	-
Maturities and redemptions of investment securities available-for-sale
165,683	120,709	105,169	145,512	238,003	490,048	554,801	1,574,727	780,430	3,011,108	3,825,193
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
0	77,583	88,726	101,965	39,310	3,612	0	230,958	109,584	12,754	-
Proceeds From Maturities Prepayments And Calls Of Other Investments
3,332	115,082	28,748	30,411	386	89,456	118,298	1,370	0	-	-
Proceeds From Sale [Abstract]
Proceeds from Sale and Maturity of Available-for-sale Securities
680,466	17,837	256,996	300,483	103,831	214,518	141,202	2,265,594	620,304	3,689,869	9,101,639
Foreclosed real estate and other repossessed assets, including write-offs
51,481	51,057	40,051	47,507	117,050	54,639	57,449	18,159	18,183	7,886	9,312
Proceeds From Sale Of Loans Receivable
19,257	0	0	-	-	-	-	-	-	-	-
Proceeds from Sale of Fully Charged-Off Loans
2,382	0	0	-	-	-	-	-	-	-	-
Proceeds From Sale Of Loans Held For Investment
-	-	-	-	-	9,378	0	0	-	-	-
Proceeds From Sale And Collection of Loans Held for Sale
-	-	-	123,137	0	0	-	-	-	-	-
Sale of premises and equipment
2,225	1,668	569	48	-192	11	891	168	304	631	128
FHLB Stock
-	-	-	-	-	-	-	-	-	10,077	28,057
Origination and purchase of loans, excluding loans held-for-sale
1,217,137	1,315,906	801,766	768,353	802,572	739,017	1,176,875	260,821	201,172	144,210	93,093
Early extinguishment of repurchase agreements
-	-	-	-	-	-	-	-	-	-	17,551
Foreclosed real estate
-	-	-	-	-	-	-	-	-	-524	-570
Gain (Loss) on Sale of Property Plant Equipment
-	-	-	-	0	-25	-5	83	-23	-49	71
Proceeds From Sale Of Mortgage Servicing Rights MSR
-	-	-	-	5,927	0	0	-	-	-	-
Sale of other repossessed asset
-	-	-	-	-	-	-	-	-	711	-
Premises and equipment
2,225	1,668	569	48	-	-	-	-	-	631	128
Proceeds From Principal Repayments On Loans And Leases Held For Investment
1,083,548	840,064	699,409	817,199	861,891	751,215	1,171,150	265,584	266,777	231,976	131,079
Repayments To FDIC On Shared Loss Agreements
0	0	10,125	1,573	90,697	-	-	-	-	-	-
Outlays For Acquisition
-	-	-	-	-	-	-	500,000	0	-	-
Cash And Cash Equivalents Received In Acquisition
-	-	-	-	-	-	-	394,638	0	-	-
FDIC Indemnification Asset Cash Payments Received
-	-	-	-	-	-32,692	-47,100	-96,664	75,474	120,675	-
Additions to premises and equipment
12,966	11,491	6,469	5,297	5,283	7,909	9,120	1,927	3,385	9,974	4,636
Payment For Contingent Consideration Liability Investing Activities
425,242	0	0	-	-	-	-	-	-	-	-
Cash Acquired From Acquisition
492,512	0	0	-	-	-	-	-	-	-	-
ProceedsFromPaymentsForSecuritiesPurchasedUnderAgreementsToResell
-	-	-	-	-	60,000	20,000	-80,000	0	0	-
Increase Decrease In Restricted Cash
-	-	-	-319	-5,058	-73,792	68,739	-13,460	-	-	-
Outlays for BBVAPR acquisition
-	-	-	-	-	-	-	-	-	0	-
Cash and cash equivalents received in BBVAPR Acquisition
-	-	-	-	-	-	-	-	-	0	-
Cash and cash equivalents acquired in FDIC-assisted acquisition
-	-	-	-	-	-	-	-	-	89,777	-
Net cash provided by investing activities
842,173	-488,767	187,304	568,061	153,042	559,859	718,526	2,210,928	857,852	678,794	389,305
Cash flows from financing activities:
Net Increase Decrease In [Abstract]
Deposits
-265,162	100,147	125,991	-61,078	-198,052	-450,976	-323,899	-251,452	-192,368	115,377	-26,764
ProceedsFromRepaymentsOfShortTermDebt
-	-	-	-	-	-	-92,210	-4,401	-2,540	-6,719	19,986
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net
-264,730	262,223	-459,815	-292,264	-45,315	-287,184	-427,931	-1,741,605	-404,790	-100,000	-217,551
Increase Decrease In FHLB Advances
386	-20,816	-5,741	-228,633	-4,155	-1,469	-213,144	20,618	0	0	-
Excess Tax Benefit From Share Based Compensation Financing Activities
1,294	508	0	-	-	-	-	-	-	-	-
Subordinated Liabilities, Period Increase (Decrease)
-	-	-	-66,550	1,049	1,574	-44,968	0	0	-	-
Proceed From Issuance Of Federal Deposit Insurance Corporation Guaranteed Term Notes
-	-	-	-	-	-	-	-105,000	0	0	105,000
FDIC-guaranteed term notes
-	-	-	-	-	-	-	-	0	0	105,000
Advances from FHLB
-	-	-	-	-	-	-	-	-	-	1,397,880
Proceeds From Issuance Of Common Stock
-	-	-	-	-	-	-16	49,220	0	94,386	-
Proceeds From Issuance Of Preferred Stock And Preference Stock
-	-	-	-	-	-	-25	100,547	0	189,076	-
Repayments of purchase money note issued to the FDIC
-	-	-	-	-	-	-	-	-	715,970	-
Capital contribution
-	-	-	-	-	-	-	-	-	-	78
Repayments of advances from FHLB
-	-	-	-	-	-	-	-	-	-	1,424,580
Purchase of treasury stock
-	-	-	-	8,950	16,948	0	7,022	58,775	0	182
Proceeds From Repurchase Of Equity
-	-	-	-315	204	643	-572	394	8	72	-
Termination of derivatives
-	-	-	-	-	-	-1,108	-38,714	5,401	-47,147	20,263
Dividends paid on preferred stock
6,509	12,024	13,862	13,862	13,862	13,862	13,862	9,939	4,802	5,335	4,802
Dividends paid on common stock
14,375	12,796	10,553	10,141	17,761	14,479	10,789	10,066	9,154	6,818	3,888
Net cash (used in) financing activities
-549,096	317,242	-363,980	-672,843	-286,842	-782,701	-1,126,308	-1,997,420	-667,020	-483,078	-134,560
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect
402,694	-38,170	-25,236	-26,270	-36,718	-47,842	-233,966	263,748	151,105	163,273	210,751
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:
Interest paid
41,310	41,318	40,570	56,302	67,766	81,506	98,856	110,622	157,645	167,992	191,992
Income Taxes Paid Net
39,375	17,778	30	10,051	13,966	7,114	378	8,031	4,109	6,281	54
Operating lease liabilities paid
6,873	0	0	-	-	-	-	-	-	-	-
Mortgage Loans Securitized Into Mortgage Backed Securities
62,764	74,630	74,919	112,071	116,319	95,909	137,943	78,037	135,034	142,907	147,419
Value of investments securities held for investment transferred to available for sale in noncash transactions.
424,740	0	0	-	-	-	-	762,340	-	-	-
Transfer of Loans to Other Real Estate
43,915	47,084	43,163	45,538	67,345	85,459	89,142	34,000	18,875	12,408	10,067
Transfer Of Portfolio Loans And Leases To Held For Sale 1
14,489	5,795	33,647	123,137	3,445	5,202	41,780	9,871	9,542	-	-
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio
49	1,247	293	182	156	25,801	0	0	-	-	-
Conversion Of Convertible Preferred Stock To Common Stock
0	84,000	0	-	-	-	-	-	-	-	-
Securities sold but not yet delivered
-	-	-	-	-	-	-	-	-	-	413,359
Investment securities held-to-maturity transferred to available-for-sale
-	-	-	-	-	-	-	-	0	0	-
Conversion of Stock, Amount Converted
-	-	-	0	-	-	-	-	-	200,000	-
Sale of foreclosed real estate financed
1,091	2,333	1,113	-	-	-	-	-	-	-	-
Non Cash Activities Cash Consideration Payable
5,195	0	0	-	-	-	-	-	-	-	-
Loans booked under the GNMA buy-back option
75,181	13,325	8,268	-	-	-	-	-	-	-	-
Initial Recognition Of Operating Lease Right Of Use Assets
21,930	0	0	-	-	-	-	-	-	-	-
Initial Recognition Of Operating Lease Liabilities
23,689	0	0	-	-	-	-	-	-	-	-
Interest capitalized on loans subject to the temporary payment moratorium
0	0	39,701	-	-	-	-	-	-	-	-