PACIFIC PREMIER BANCORP INC PPBI Cash Flow

Pacific premier bancorp inc (PPBI)

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	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
146,740	159,718	158,263	145,280	134,056	123,340	99,868	91,708	78,581	60,100	55,880	44,877	41,070	40,103	36,217	34,825	32,280	25,515	21,341	18,954	15,773	16,616	16,929	14,545	9,653	8,993	8,600	8,996	15,056	15,776	14,520	13,518	8,492	10,572	0	0	0
Adjustments to net income:
Depreciation and amortization expense
10,136	9,815	9,293	8,692	8,375	7,773	6,997	6,556	5,720	4,888	4,125	3,555	3,009	2,854	2,821	2,536	2,849	2,432	2,280	2,354	1,902	2,198	2,161	2,132	2,057	1,948	1,796	1,620	1,486	1,358	1,283	1,284	1,250	1,203	0	0	0
Provision for credit losses
29,647	5,719	5,680	6,099	7,526	8,253	8,189	8,256	8,183	8,432	8,812	10,777	10,678	9,296	8,422	5,471	5,715	6,425	6,146	6,368	5,565	4,684	3,859	3,221	2,513	1,860	0	0	0	-	-	-	-	3,255	0	0	0
Share-based compensation expense
10,384	10,528	10,598	10,429	9,774	9,033	7,925	6,930	6,367	5,809	5,144	4,477	3,422	2,729	2,326	1,778	1,426	1,165	807	692	533	514	640	777	972	943	761	573	321	177	100	39	203	208	0	0	0
Gain on sale of or write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	-371	-371	-588	-580	-668	-704	-821	-783	-784	-1,067	-732	-783	0	0	0
Net amortization on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-9,157	0	0	0	-	-	-	-	-2,641	-2,691	-2,906	-3,452	-3,052	-2,479	-1,775	-884	-787	-767	-674	-590	-685	0	0	0
Loss on sales and disposals of premises and equipment
96	42	96	114	-172	-108	-51	-86	-189	-234	-471	-874	-701	-656	0	0	0	-	-	-	-	-23	0	0	0	-	-	-	-	-	-	-	-	-65	0	0	0
(Gain) loss on sale of or write down of other real estate owned
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	556	0	0	0	-	-	-	-
Net amortization on securities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of discounts/premiums for acquired loans and deferred loan fees/costs
27,259	27,378	28,021	17,574	25,558	21,401	30,907	9,450	17,489	16,172	-12,037	-10,267	-4,167	-1,832	9,835	8,713	5,180	2,967	2,511	1,979	1,971	2,179	3,155	3,193	3,405	3,555	2,256	2,275	2,179	1,794	1,996	1,841	1,879	1,600	0	0	0
Gain on sales of investment securities available-for-sale
0	-	-	-	0	-	-	-	-	-	-	-	1,044	-	1,794	1,320	927	290	1,317	1,642	1,601	1,547	0	0	0	-	-	-	-	-	-	-	-	1,589	0	0	0
Debt and Equity Securities, Gain (Loss)
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment recovery on investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	4	60	112	152	159	197	331	440	617	0	0	0
Gain on sale of loans held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Originations of loans held for sale
76,961	98,232	148,495	154,477	150,273	147,740	88,074	126,964	129,428	135,348	157,353	120,868	120,133	103,883	164,470	132,363	106,799	87,900	0	0	0	-	-	-	-	-	-	-	-	12,099	0	0	0	-	-	-	-
Recoveries on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	808	661	524	377	-778	-560	-437	-236	0	0	0	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,120	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sales of and principal payments from loans held for sale
98,290	111,952	168,130	172,909	173,029	184,220	136,155	139,479	138,097	132,320	133,498	133,898	126,298	115,877	169,921	134,091	109,220	86,604	0	0	0	31	60	501	527	534	0	0	0	-	-	-	-	-	-	-	-
Gain on sales of loans
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Gain on FDIC transaction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,189	0	0	0
Deferred income tax (benefit) expense
-1,975	7,496	11,204	9,564	8,520	9,275	14,205	17,207	15,820	16,420	7,294	5,776	7,562	3,887	-4,157	-4,078	-1,720	-1,395	875	1,650	-1,672	-2,375	0	0	0	-	-	-	-	1,560	3,821	4,392	1,340	1,244	0	0	0
Change in accrued expenses and other liabilities, net
633	-6,265	-7,041	-6,867	13,506	14,157	11,389	10,206	2,066	5,193	3,811	1,448	-7,627	-4,948	7,965	6,926	143	6,786	663	1,519	7,824	2,764	6,431	3,077	6,154	9,683	6,489	8,203	3,662	2,033	456	36	-611	-3,500	0	0	0
Income from bank owned life insurance, net
3,105	2,689	2,765	3,180	3,009	2,774	2,531	1,954	2,033	1,842	1,642	1,434	1,161	1,164	1,163	1,083	1,158	1,147	1,035	1,020	861	771	780	771	720	659	593	527	517	508	535	526	513	523	0	0	0
Amortization of core deposit intangible
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued interest receivable and other assets, net
-1,208	-5,346	-859	4,495	-16,064	-4,266	-444	2,924	10,578	9,157	5,376	7,606	5,979	3,768	-1,324	-2,210	-1,320	8,853	7,442	6,698	9,169	4,293	5,450	3,689	-477	498	-9,103	-4,131	-524	-2,330	9,996	4,929	1,404	-587	0	0	0
Net cash provided by operating activities
187,303	182,690	188,199	181,417	202,929	196,491	168,780	140,273	96,217	69,371	63,577	81,395	61,980	63,447	49,075	42,461	32,800	23,669	16,670	17,252	14,700	13,188	15,663	11,562	14,314	15,504	22,834	15,989	10,590	12,169	807	8,978	14,827	11,997	0	0	0
Cash flows from investing activities:
Net decrease in interest-bearing time deposits with financial institutions
3,188	3,435	3,675	3,677	737	490	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	1,058	821	433	615	507	0	0	0	-	-	-	-	-	-	-	0	-	-40,995	100,063	76,014	39,411	193,555	198,793	220,601	204,843	189,684	182,651	154,179	139,267	0	0	0
Loan originations and payments, net
302,194	266,632	58,993	-202,765	-319,152	-340,023	-411,452	-462,845	-501,801	-601,617	-284,065	-313,038	-269,064	-263,075	-417,669	-297,384	-109,421	-247,000	0	0	0	-	-	-345,620	-313,144	-223,792	223,315	137,185	114,731	47,805	68,891	61,642	40,191	15,377	0	0	0
Proceeds from loans held for sale previously classified as portfolio loans
111,351	86,313	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of loans held for investment
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of held-to-maturity securities
-	-	-	-	-	29,002	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from prepayments and maturities of held-to-maturity securities
9,242	7,318	5,687	3,681	3,017	1,785	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available-for-sale
767,405	889,516	675,532	681,407	571,963	462,534	539,213	378,119	358,163	306,527	245,903	294,949	255,911	190,140	102,105	35,130	50,050	90,127	94,085	127,547	168,790	133,689	0	0	0	-	-	-	-	96,438	0	0	0	-	-	-	-
Proceeds from prepayments and maturities of securities available-for-sale
104,853	114,520	113,419	139,074	132,904	131,268	123,446	88,963	91,124	74,891	65,065	53,312	38,734	37,875	35,668	36,078	50,278	33,751	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase and origination of loans held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	623,724	520,809	484,416	427,823	316,792	270,858	197,688	185,896	0	0	0
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4,143	8,491	11,854	12,318	11,559	10,483	14,060	14,794	0	0	0
Proceeds from sale of securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163,241	27,695	30,518	34,103	33,688	30,534	25,134	19,117	16,039	15,828	13,370	11,812	14,842	0	0	0
Proceeds from sale of securities available-for-sale
480,849	551,800	430,935	613,815	575,837	407,000	415,093	72,119	266,830	268,600	249,133	236,446	39,906	230,945	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	123,972	0	0	0
Proceeds from the sales of premises and equipment
12,139	14,751	11,139	11,108	2,650	0	0	0	0	-	-	-	6,755	10,049	10,146	9,335	4,800	1,506	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank owned insurance death benefit
-625	-405	-879	-879	-1,064	-1,284	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
22,271	18,834	17,084	10,733	10,453	10,295	11,127	8,172	5,175	4,183	3,892	6,899	10,448	11,970	11,289	7,632	3,539	1,887	1,422	931	1,696	1,448	1,694	3,043	3,201	3,581	6,302	5,328	5,139	4,525	1,399	603	2,691	2,822	0	0	0
Change in FHLB, FRB, and other stock, at cost
-1,810	-2,306	3,751	16,787	10,364	27,086	22,491	11,152	28,565	12,838	18,639	19,889	11,958	15,012	7,476	4,141	6,923	2,856	3,151	4,518	1,105	1,617	0	0	0	-	-	-	-	-	-	-	-	-1,167	0	0	0
Funding of CRA investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Federal Home Loan Bank of San Francisco stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,624	1,399	-2,824	-2,398	0	0	0	-	-	-	0	-	-	-	-
Change in cash acquired in acquisitions, net
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Cash acquired (disbursed) in acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,389	0	0	0
Net cash used in investing activities
-69,951	-98,251	-87,383	46,368	-28,876	-137,493	-135,559	-483,885	-244,426	-284,169	-456,112	-533,990	-731,729	-430,915	-276,246	-90,732	-26,744	-331,280	-237,830	-305,726	-500,938	-252,014	-330,458	-263,621	-38,487	114,887	103,196	124,434	94,204	-91,361	-10,081	27,991	8,664	63,654	0	0	0
Cash flows from financing activities:
Net increase in deposit accounts
377,898	240,158	357,161	46,660	15,971	65,553	-105,889	278,968	142,718	187,901	288,852	345,881	390,809	313,770	283,953	198,426	226,506	228,279	259,723	314,384	271,945	324,540	259,332	131,392	65,577	-139,207	-152,461	-139,727	-133,398	-39,691	-17,090	-18,741	13,566	-35,041	0	0	0
Net change in short-term borrowings
-53,000	-115,075	-247,350	-47,462	-118,860	-108,064	221,675	-26,236	35,449	61,120	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term FHLB borrowings
35,500	35,500	10,000	10,000	5,082	10,500	19,762	19,762	19,710	9,262	-9,942	-24,946	-20,272	50,927	102,409	93,319	264,660	0	37,378	121,198	-214,628	155,065	-41,470	-139,588	16,302	-71,686	0	0	0	-	-	-	-	40,000	0	0	0
Warrants purchased and retired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,660	0	0	0
Repurchase and retirement of common stock
-	-	-	-	-	-	-	-	-	-	-	1,203	1,030	126	0	23	23	116	2,997	2,974	5,447	5,638	2,775	2,794	321	59	134	115	115	195	0	0	0	-	-	-	-
Cash dividends paid
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	758	0	0	0	-	-	-	-	90	154	224	224	237	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net of issuance cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,560	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
0	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Restricted stock surrendered and canceled
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
238,298	39,005	63,687	16,131	-121,727	-52,756	108,629	245,799	173,752	255,105	409,993	496,577	576,748	445,908	228,314	150,493	9,087	275,103	220,290	251,259	540,190	222,938	357,007	268,379	49,134	-62,930	-122,854	-101,423	-98,985	78,309	29,709	-19,029	13,278	-78,878	0	0	0
Net increase in cash and cash equivalents
355,650	123,444	164,503	243,916	52,326	6,242	141,850	-97,813	25,543	40,307	17,458	43,982	-93,001	78,440	1,143	102,222	15,143	-32,508	-870	-37,215	53,952	-15,888	42,212	16,320	24,961	67,461	3,176	39,000	5,809	-883	20,435	17,940	36,769	-3,227	0	0	0
Supplemental cash flow disclosures:
Interest paid
74,485	79,386	79,261	73,376	62,505	53,960	42,371	33,002	27,186	21,777	15,304	18,210	13,947	13,564	13,160	10,284	12,410	12,081	11,762	9,555	9,249	6,500	5,955	5,639	5,179	5,352	5,625	5,972	6,398	7,162	7,729	8,373	8,993	9,576	0	0	0
Income taxes paid
52,124	52,093	37,959	41,439	32,254	32,296	45,247	34,479	18,905	18,846	1,405	14,861	13,039	13,139	13,304	4,813	8,563	12,127	15,212	14,850	14,900	14,700	14,050	10,875	10,225	9,425	9,725	11,050	10,200	8,975	7,585	5,435	5,465	4,105	0	0	0
Noncash investing activities during the period:
Investment securities available for sale purchased and not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-
Loans held for sale transfer to loans held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,936	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from portfolio loans to loans held for sale
26,820	644	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,151	0	0	0	-	-	-	-
Transfers from loans to other real estate owned
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease right-of-use assets
17,732	52,701	49,542	48,685	45,675	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease liabilities
17,732	52,701	49,542	48,685	45,675	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable on unsettled security sales
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due on unsettled security purchases
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired (liabilities assumed) in acquisitions (See Note 27):
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	190,254	192,623	192,623	192,623	56,121	0	0	0	-	-	-	-	347,196	0	0	0	-	-	-	-	14,076	0	0	0
FHLB, FRB and other stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
FHLB and other stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Core deposit intangible
-	-	-	-	-	-	-	-	-	-	-	-	-	4,319	4,319	4,319	4,319	2,903	0	0	0	-	-	-	-	4,766	0	0	0	-	-	-	-	2,270	0	0	0
Deferred income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	6,748	6,748	6,748	7,894	4,794	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	51,658	51,658	51,658	51,074	27,882	27,882	27,882	28,060	5,522	4,716	4,716	11,096	17,428	0	0	0	-	-	-	-	-	-	-	-
Fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	4,190	4,190	4,190	4,356	2,134	2,134	2,134	2,134	74	74	74	1,450	1,446	0	0	0	-	-	-	-	42	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	9,362	5,691	9,362	6,286	2,402	2,402	2,402	1,726	702	702	5,370	8,070	12,468	0	0	0	-	-	-	-	1,599	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	636,591	636,591	636,591	1,308,627	336,018	0	0	0	-	-	-	-	540,725	0	0	0	-	-	-	-	-204,678	0	0	0
Other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,300	33,300	33,300	101,934	67,617	101,427	101,427	-33,807	16,905	0	0	0	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	8,843	8,843	8,843	12,435	1,796	1,796	1,796	-378	709	14,630	13,707	10,467	6,722	0	0	0	-	-	-	-	-39	0	0	0
Common Stock and additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	120,174	127,699	129,022	270,089	79,777	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-