Old second bancorp inc (OSBC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net income

275

9,536

12,173

9,278

8,468

8,620

9,642

6,261

9,489

-2,512

8,077

5,146

4,427

5,018

3,499

3,845

3,322

3,833

3,924

4,129

3,499

2,989

2,924

2,021

2,202

213

72,924

3,477

5,471

1,524

120

1,252

-2,968

-3,001

-1,390

1,013

-3,120

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net premium amortization/discount (accretion) on securities

-506

-598

-652

-753

-723

-841

-740

-682

-706

-561

-547

-498

-275

121

132

184

201

147

-72

-126

-28

416

458

476

474

397

293

252

-414

-279

-111

-150

-403

-39

-19

-33

-65

Securities (gains) losses, net

-24

35

3,463

986

27

0

13

312

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

7,984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

-

150

550

450

450

500

0

1,450

-722

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,084

Change in market value on mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-62

Provision for loan and lease losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,800

-2,500

-

0

200

6,084

1,387

3,000

500

4,000

Provision for deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,759

5,544

-1,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan loss reserve release

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,300

0

-1,000

-1,000

-

-

-

-

-

-

-

-

-

-

-

-

Gain on recapture of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

612

-

-

-

-

-

-

-

-

Provision for deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,279

-2,391

-1,815

-1,500

-1,728

-1,167

-1,168

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held-for-sale

50,418

37,767

62,167

38,947

25,815

25,983

35,127

41,724

31,096

33,790

37,998

44,678

30,401

47,714

63,489

49,068

34,630

36,051

39,272

63,077

51,641

37,824

33,115

32,293

19,764

29,896

39,440

59,023

53,138

82,849

78,907

65,663

64,140

76,035

54,668

49,740

48,517

Proceeds from sales of loans held-for-sale

45,706

41,017

63,274

36,957

27,224

26,453

37,982

39,882

33,305

32,230

42,410

44,336

32,313

47,407

66,923

50,929

32,395

37,810

42,681

64,975

50,965

36,889

34,785

31,192

21,592

30,053

41,269

61,942

57,755

80,971

82,267

67,594

72,729

74,144

53,727

46,660

56,889

Net gain on sales of mortgage loans

2,246

1,113

2,074

1,163

762

669

965

1,240

917

1,088

1,095

1,473

1,147

1,312

2,177

1,642

1,212

1,098

1,359

1,695

1,623

980

914

1,038

662

1,026

814

1,811

1,976

3,179

2,504

2,358

2,647

1,791

1,314

1,117

1,236

Change in fair value of mortgage servicing rights

2,134

-240

946

1,137

819

923

11

105

-305

46

194

429

133

-1,002

147

733

1,041

-60

688

-96

609

453

131

326

304

-179

158

-345

106

260

480

712

123

-

-

-

-

Net discount / premium from (accretion) amortization on loans

409

-27

806

136

110

927

0

827

-51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash surrender value of BOLI

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of BOLI

-

370

267

320

458

38

347

351

248

361

362

350

359

296

383

319

285

-

-

-

-

425

304

366

358

405

419

372

407

362

425

326

495

499

233

434

463

Net gains on sale of other real estate owned

23

10

104

77

73

76

612

24

80

20

276

104

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

-

432

242

95

379

201

23

386

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

181

-

20

355

23

378

297

402

234

Provision for other real estate owned valuation losses

158

-

-

-

-

96

119

254

112

78

920

392

318

265

365

489

451

251

1,128

2,088

609

1,778

1,520

825

436

1,756

1,961

2,589

1,987

-

-

-

-

-

-

-

-

Depreciation of fixed assets and amortization of leasehold improvements

662

593

591

640

638

645

636

605

537

546

567

600

593

606

585

534

563

570

600

609

607

598

615

628

644

647

674

727

746

735

759

779

801

-

-

-

-

Provision for other real estate owned losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,500

-

-

-

-2,393

Net (gains) / losses on disposal and transfer of fixed assets

-

-

-

-

-

-

-

-

-

0

-1

13

-2

0

0

0

-1

-

-

-

-

-

-

-

-

4

0

0

5

-

-

-

-

-

-

-

-

Securities (gains) losses, net

-

-

-

-

-

-

-

-

-

-

-

-131

-136

-

-1,959

0

-61

0

-57

-12

-109

262

1,231

295

-69

-4,103

-7

745

1,453

269

513

692

101

43

-63

512

139

Amortization of core deposit intangible

128

129

157

121

132

133

136

97

21

22

24

25

25

-

-

-

-

-

-

-

-

0

154

511

512

525

524

525

525

537

420

250

195

136

276

206

229

Change in current income taxes receivable

-1,430

-1,773

924

1,722

673

1,007

474

-896

1,093

-2,630

200

-149

60

-40

41

276

-17

89

-16

22

5

165

-1

-107

29

-

-

-

-

-

-

-

-

-

-

-

-

Provision for deferred tax expense

-333

1,943

1,480

1,281

1,732

3,063

3,309

2,561

907

7,980

1,630

2,016

2,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

299

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued interest receivable and other assets

4,081

-1,123

4,871

2,706

-136

-685

-1,608

-3,006

4,081

-2,357

8,514

-4,072

2,407

-2,606

-493

4,135

-983

1,800

246

2,565

-398

-3,060

-766

-1,839

6,238

-9,098

1,761

-6,642

5,215

-10,818

-3,130

932

4,635

-9,081

555

-4,031

5,157

Accretion of purchase accounting adjustment on time deposits

-

0

0

-13

-25

-

-

-

-

-

-435

-335

-345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of purchase accounting adjustment on notes payable and other borrowings

12

17

21

27

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of junior subordinated debentures issuance costs

643

12

12

12

12

12

12

12

11

12

12

12

12

12

12

12

12

12

11

12

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of senior notes issuance costs

27

26

36

25

25

25

25

25

25

25

25

26

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued interest payable and other liabilities

8,925

497

-10,209

18,439

-1,864

-1,042

-5,763

8,347

-152

-2,989

-12,323

16,176

718

1,213

-61

1,180

-1,365

717

-910

-526

-1,949

2,107

-1,042

-17,984

-3,082

4,536

1,688

2,019

634

3,430

1,485

-216

3,420

-2,432

501

-1,379

513

Stock based compensation

729

595

664

668

573

659

543

703

395

284

272

304

321

175

157

156

169

147

122

167

177

106

107

16

66

44

56

53

14

71

67

66

87

285

175

253

238

Net cash provided by operating activities

9,022

15,091

-2,307

27,355

12,498

14,865

12,410

18,616

9,016

8,558

-5,927

27,812

6,662

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,073

-

8,138

3,731

3,432

8,107

5,585

-15,057

-4,942

15,541

4,180

13,370

2,165

14,623

10,775

6,572

11,333

8,613

9,364

4,843

6,483

Cash flows from investing activities
Proceeds from maturities and calls including pay down of securities available-for-sale

16,046

9,121

4,768

22,584

5,279

7,751

12,754

17,745

2,391

12,062

26,763

63,559

15,005

15,437

37,181

20,321

5,366

13,195

4,743

24,814

3,478

1,090

824

12,245

2,361

1,853

3,283

16,837

18,055

13,702

-60,418

109,104

17,254

17,660

21,085

12,535

4,764

Proceeds from sales of securities available-for-sale

18,126

13,474

57,228

39,072

81,524

0

1,917

90,224

2,522

79,986

51,620

36,468

64,388

35,026

226,381

9,419

35,574

0

14,055

2,930

53,191

31,511

101,395

131,326

31,781

49,190

59,290

193,667

231,155

37,999

177,502

0

8,359

11,004

0

11,522

3,755

Purchases of securities available-for-sale

6,100

23,448

53,166

36,754

46,176

3,556

16,938

30,620

23,930

96,499

41,216

51,102

154,653

57,429

30,552

34,695

88,005

64,126

33,150

29,135

69,671

56,381

136,566

69,682

62,391

44,661

91,405

232,777

240,190

217,161

127,738

149,435

76,819

149,049

64,640

26,178

2,000

Proceeds from maturities and calls including pay down of securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,243

2,129

2,592

3,706

4,273

2,710

3,769

2,032

2,009

1,893

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,992

9,220

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sales of FHLBC stock

-

-794

103

-571

-2,254

2,922

-3

76

-2,700

-225

1,800

0

675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

359

Proceeds from sales of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

406

1,467

-

-

-

-

Net change in loans

27,716

31,607

-3,362

55

6,140

62,694

-14,406

21,626

-17,208

22,972

53,956

52,055

12,700

53,940

42,795

23,323

5,482

2,330

-25,985

9,281

-1,699

21,301

10,778

26,785

15,474

28,380

-18,303

-4,611

-26,971

-51,762

-22,222

-73,258

-20,248

-34,642

-67,441

-52,683

-61,737

Proceeds from claims on BOLI

-

-

-

-

-

0

0

0

1,204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Improvements in other real estate owned

-

-

-

-

-

0

0

0

59

-

-

-

-

0

4

0

12

-

-

-

-

-

-

-

-

13

10

0

50

55

131

197

318

423

394

145

2,022

Proceeds from sales of other real estate owned, net of participation purchase

311

135

1,192

578

874

490

2,224

733

1,335

595

2,232

1,673

1,607

2,583

2,251

1,615

1,381

6,500

7,663

2,558

2,115

10,111

1,819

4,972

5,955

11,565

12,071

8,190

11,842

18,137

4,849

10,697

5,369

13,437

9,871

10,459

9,357

Proceeds from disposition of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

6

-

-

-

-

-

-

-

-

Net purchases of premises and equipment

887

2,047

940

1,166

224

332

853

592

118

203

477

163

212

823

724

336

103

487

216

289

288

376

212

154

355

260

273

142

1,123

678

72

145

154

308

296

102

94

Net cash provided by investing activities

-220

-32,382

12,370

24,833

37,391

-61,263

12,092

20,077

3,253

-26,806

-16,834

-1,607

-87,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-49,152

-

22,786

-3,343

-6,766

-31,734

-40,757

51,808

-45,450

-8,799

-19,582

-8,704

46,666

-94,779

16,591

43,688

-24,594

-73,037

33,067

60,774

75,138

Cash flows from financing activities
Net change in deposits

68,893

52,258

-3,283

-45,725

6,864

-15,597

-29,466

-48,710

39,123

33,810

-21,030

-27,009

70,369

40,509

-4,743

-14,569

37,608

38,607

6,927

-31,226

59,723

28,300

-44,069

-23,457

42,153

9,005

-17,500

-27,633

1,037

20,285

-73,090

6,154

23,089

12,747

-41,026

-133,289

-6,179

Net change in securities sold under repurchase agreements

2,543

-177

-5,296

11,805

-4,271

2,299

-9,705

7,049

11,448

3,065

-9,508

1,630

9,016

-20,891

3,468

9,286

-218

6,996

-5,341

5,902

5,477

-8,402

-8,695

14,921

652

1,841

-9,791

9,708

2,927

16,137

-12,064

11,998

903

-1,730

1,300

-547

-140

Net change in other short-term borrowings

-42,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in other short-term borrowings

-

-

-

-

-64,500

-

-

-

-70,000

-

50,000

-10,000

15,000

70,000

-50,000

30,000

5,000

-20,000

15,000

-10,000

-15,000

5,000

40,000

-20,000

15,000

-50,000

55,000

0

-100,000

-

-

-

15,000

-4,315

182

-446

438

Payment of senior note issuance costs

-

-

-

-

-

-

-

-

-

0

0

0

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

31,553

0

15,778

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of junior subordinated debentures

32,604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of term note

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in notes payable and other borrowings

-76

-2,200

-2,200

-2,199

-2,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

0

0

0

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

701

710

1,006

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid common stock

300

299

299

300

297

297

298

298

296

296

296

296

296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

2,627

196

40

13

417

0

0

0

505

0

0

112

124

-

-

-

-

0

0

0

117

0

0

0

46

0

93

0

185

0

0

0

63

0

0

0

49

Net cash used in financing activities

13,704

13,886

-14,243

-34,307

-64,788

51,311

-39,488

-21,257

-20,230

26,579

19,166

-35,787

93,923

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

22,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-14,899

-

-

-

-7,961

-

-3,595

-9,582

13,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,390

-

-15,668

-36,034

33,299

23,767

-13,829

1,280

57,759

-39,154

27,616

-17,925

-96,221

136,422

-85,154

3,152

38,929

6,702

-39,544

-134,282

-5,930

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,682

-3,689

-

15,256

-35,646

29,965

140

-49,001

38,031

7,367

-32,412

12,214

-13,259

-47,390

56,266

-57,788

53,412

25,668

-57,722

2,887

-68,665

75,691

Supplemental cash flow information
Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

51

60

0

100

-132

120

30

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid for deposits

-

-

-

-

-

-

-

-

-

-

-

-

1,247

1,133

1,089

1,034

1,019

994

971

961

1,032

1,121

1,385

1,443

1,584

1,724

1,979

2,041

2,124

2,148

2,415

2,635

3,394

3,483

4,091

4,284

4,893

Interest paid for borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

218

213

225

228

229

230

243

215

206

210

207

Interest paid for borrowings

-

-

-

-

-

-

-

-

-

-

-

-

1,164

1,309

1,356

1,332

1,333

1,294

1,284

1,275

1,289

-

1,275

19,948

202

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

3,416

0

255

586

382

1,137

378

907

6,108

2,458

2,117

4,655

4,688

4,998

3,015

4,196

6,985

4,817

7,594

3,432

15,918

-

-

-

-

Change in dividends accrued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-362

0

-182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash transfer of loans to securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,329

-

-

-

-

-

-

-

-

Non-cash transfer of loans to other real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,451

Accretion on preferred stock discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

58

275

271

266

261

258

253

250

245

241

237

234

230

Fair value difference on recapture of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

43

-

-

-

-

-

-

-

-