REPUBLIC BANCORP INC /KY/ RBCAA Cash Flow

Republic bancorp inc /ky/ (RBCAA)

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
OPERATING ACTIVITIES:
Net income
26,697	25,768	18,408	18,007	29,516	17,306	17,411	15,666	27,469	4,838	10,706	10,071	20,017	10,000	9,828	8,340	17,735	7,418	5,640	8,320	13,788	5,235	5,246	6,322	11,984	1,345	4,603	6,119	13,356	6,621	20,668	9,578	82,472	6,204	7,870	8,663	71,412
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion (amortization) on investment securities
330	-25	-74	-13	-8	301	27	-125	-106	14	23	70	138	78	146	144	135	223	126	226	154	-22	116	47	283	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion on loans and amortization of core deposit intangible and operating lease components
-799	-1,033	-789	-1,237	-596	-796	-881	-1,161	-702	-2,392	-2,539	-859	-583	-760	-512	-428	-873	-413	-773	-1,339	-310	-645	-1,124	-1,844	-2,650	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gains) losses on equity securities with readily determinable fair value
-381	-179	113	159	289	89	-76	47	-182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of premises and equipment
2,549	2,241	2,417	2,309	2,263	2,327	2,022	2,551	2,447	2,294	2,030	2,106	2,042	2,023	1,816	1,749	1,716	1,645	1,714	1,674	1,577	1,610	2,029	1,361	1,363	1,465	1,131	2,253	462	-1,976	2,151	2,140	3,057	2,013	-1,355	1,165	2,583
Amortization of mortgage servicing rights
585	548	542	411	322	340	361	369	362	400	390	361	353	557	517	378	305	343	341	378	338	334	334	348	314	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of mortgage servicing rights
100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-33	-160	-152	-	-	-	-	-	-	-	-
Credit loss expense for on-balance sheet exposures
22,760	914	3,153	4,460	17,231	5,104	4,077	4,932	17,255	6,071	4,221	5,061	12,351	5,004	2,489	1,814	5,186	2,074	2,233	904	185	1,359	1,510	693	-703	503	2,200	905	-625	1,324	2,083	22,806	-11,170	35,469	140	439	-18,082
Credit loss expense for off-balance sheet exposures
102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of mortgage loans held for sale
4,805	2,364	2,974	2,218	1,260	854	1,123	1,085	777	756	965	1,279	977	1,009	3,087	1,465	1,095	726	836	1,131	1,222	546	728	668	498	639	932	2,124	3,284	3,157	2,819	2,034	1,688	1,115	1,511	757	708
Origination of mortgage loans held for sale
125,273	109,026	124,375	81,982	40,714	43,643	49,149	54,714	29,410	40,826	43,489	42,531	33,245	62,205	58,820	58,795	36,992	32,963	32,018	50,173	45,835	28,411	20,762	19,174	14,110	27,744	55,317	123,501	84,593	79,889	71,887	46,563	53,855	44,791	40,494	26,303	26,255
Proceeds from sale of mortgage loans held for sale
109,918	124,905	108,493	81,630	39,632	43,388	55,063	47,642	31,452	39,904	46,428	42,946	40,691	59,994	64,616	55,128	35,022	38,132	34,605	53,775	40,697	28,459	22,409	15,447	15,700	34,680	70,620	122,177	77,765	75,817	75,414	48,963	55,476	46,235	44,451	21,274	40,810
Net gain on sale of consumer loans held for sale
2,337	1,233	1,251	1,213	1,405	1,501	1,593	1,199	1,637	1,778	1,535	1,226	1,108	1,067	929	406	433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of consumer loans held for sale
195,121	176,372	187,855	200,326	146,087	195,605	209,462	208,913	164,496	208,327	179,881	148,039	126,924	131,636	119,403	84,959	44,068	51,333	61,808	22,339	2,071	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of consumer loans held for sale
194,182	183,865	208,211	176,794	147,466	205,305	205,094	203,990	167,562	207,929	178,063	148,665	126,441	131,979	125,496	78,398	44,034	51,542	63,359	21,043	2,071	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain realized on sale of other real estate owned
3	53	267	90	130	29	248	320	132	254	107	258	212	122	64	80	248	222	1,164	-795	365	150	67	264	402	456	403	1,034	277	35	-38	282	137	20	180	93	151
Net realized impairment (recovery) of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	-	-	-	-
Net realized gain on sales, calls and impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	-	301	1,907	-279
Writedowns of other real estate owned
-	-	-	-	-	-	-	-	-	0	76	9	70	-	-	-	-	241	312	220	484	1,059	825	333	884	750	190	518	366	512	866	115	226	454	236	41	186
Impairment of premises held for sale
-	58	66	66	66	126	126	126	104	93	966	58	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation expense - Class A Common Stock
222	127	125	99	233	196	346	48	55	44	51	41	55	21	49	38	62	52	62	42	67	42	54	38	53	41	63	38	51	87	50	36	54	41	44	35	51
Stock-based awards expense - Class A Common Stock
280	152	265	374	244	271	241	337	152	214	273	245	410	276	257	236	261	111	108	125	78	92	98	162	106	102	127	135	139	187	118	135	402	64	33	75	105
Net gain on sale of bank premises and equipment
353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bargain purchase gains on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,324	712	26,923	-96	27,899	-	-	-	-
Increase in cash surrender value of bank owned life insurance
389	396	395	377	382	392	385	379	371	384	394	393	391	402	406	369	339	352	348	353	349	378	381	379	191	-	-	-	-	-	-	-	-	-	-	-	-
Net change in other assets and liabilities:
Accrued interest receivable
-900	-762	-1,043	746	28	246	1,138	786	-310	725	782	428	-209	576	-91	-6	180	198	97	53	78	252	472	81	-270	142	-511	-295	-309	-843	633	-923	699	-46	145	-106	269
Accrued interest payable
635	440	787	-45	536	-22	36	29	-59	164	94	-16	-90	-79	-231	-42	54	62	-40	-64	9	113	-112	-86	-112	24	21	-19	30	-93	91	-151	-168	-80	-129	-212	-225
Other assets
7,381	2,666	6,592	-2,607	2,026	-508	464	-2,875	97	-4,097	291	980	2,096	4,163	3,275	-2,601	2,390	1,076	-150	2,986	-1,127	3,895	4,137	2,369	-8,256	3,649	-6,260	4,985	-2,862	-425	12,525	-10,557	-7,832	1,450	-1,636	-512	-967
Other liabilities
4,998	-1,302	5,939	-7,478	-297	1,498	2,296	1,135	2,439	-433	-47	-5,370	8,700	1,264	2,007	-10,609	7,878	137	4,755	-5,748	6,329	-4,070	3,049	-1,706	157	-4,831	-8,170	-12,059	12,782	-17,890	5,116	-30,912	42,143	-18,432	-12,467	-21,389	51,516
Net cash provided by operating activities
28,178	37,321	24,764	-9,127	44,287	33,507	22,733	10,971	52,002	10,323	13,291	8,254	45,909	9,305	20,918	-8,321	25,770	14,760	16,490	2,122	16,674	-66	7,887	-1,820	20,704	481	20,003	-16,094	17,867	-17,059	-25,035	10,027	118,342	-10,445	-5,105	-19,229	158,383
INVESTING ACTIVITIES:
Purchases of available-for-sale debt securities
138,894	-	-	-	-	13,995	60,854	29,086	69,940	133,761	27,061	10,000	54,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash received in FDIC-assisted transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	74,771	-9	846,399	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	19,995	370,084	518,504	104,980	122,026	767,299	757,427	9,878	79,549	30,000	19,252	97,070	58,508	19,697	1	3,164	55,864	2,688	-96,145	346,404	199,014	149,222
Purchases of held-to-maturity debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	10,000	-	-	-	-	-	-	-	-
Proceeds from calls, maturities and paydowns of available-for-sale debt securities
73,716	196,254	158,518	52,276	48,775	-15,340	31,327	30,556	174,255	43,126	32,706	72,207	10,017	23,598	34,074	24,185	370,390	458,884	100,388	128,283	740,141	773,867	20,544	35,699	45,868	66,512	35,640	56,925	36,476	94,370	62,187	76,564	54,652	-74,616	262,279	78,624	44,044
Proceeds from calls, maturities and paydowns of held-to-maturity debt securities
690	770	582	715	600	698	813	1,025	1,375	1,078	1,337	790	1,002	1,608	1,638	1,984	882	2,306	2,015	1,492	850	1,795	1,073	797	1,472	1,394	3,094	2,096	3,710	1,987	1,059	1,264	1,031	1,288	1,187	458	2,469
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,499	1	35,224	-	-	-	-
Net change in outstanding warehouse lines of credit
132,996	-256,130	235,794	179,007	90,092	-92,119	-73,027	99,882	8,387	-45,588	-29,470	105,465	-90,274	-75,747	75,109	192,091	7,257	-6,819	-95,357	65,750	103,724	46,847	28,453	107,869	-13,314	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of non-business-acquisition loans, including premiums paid
-	-	-	-	-	-	-	-	-	1,349	2,155	1,432	1,224	2,992	890	24,798	23,188	29,897	24,456	43,632	19,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in other loans
-50,510	25,575	25,643	73,568	63,922	107,850	19,247	52,348	37,155	101,994	67,946	107,699	-8,800	62,824	55,206	12,000	-4,274	3,744	48,458	58,828	-10,370	-5,109	26,484	26,918	-1,910	12,766	-7,238	59,536	-54,016	-164,653	61,750	49,632	73,072	67,016	977	29,100	20,771
Proceeds from redemption of Federal Home Loan Bank stock
931	1,411	0	0	2,102	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	102	32	0	0	0	35	-	-	-	-	-	-	-	-
Purchase of Federal Home Loan Bank stock
9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
31	171	1,312	351	229	193	402	485	266	591	248	1,453	501	1,935	933	1,139	588	1,532	871	4,379	2,630	541	855	5,509	2,627	1,625	4,587	6,794	8,261	3,638	7,091	8,327	6,270	1,222	4,070	3,939	2,613
Proceeds from sale of bank premises and equipment
894	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of premises and equipment
1,109	3,781	5,019	3,047	1,036	2,106	1,608	2,370	3,738	3,147	3,586	2,457	3,193	1,565	2,378	2,201	887	3,007	-195	2,133	374	3,519	1,943	894	1,403	1,747	2,608	-906	1,573	1,389	1,421	-293	1,371	1,882	65	717	1,063
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-155,227	336,715	-456,080	-204,557	-103,344	-45,517	23,860	-156,554	56,676	-129,991	-42,351	-166,558	51,787	-3,603	-34,608	-232,641	-25,282	-85,611	22,555	-158,215	-136,937	-117,636	-174,260	-207,818	28,820	-16,000	5,761	-17,437	71,228	88,672	59,171	-19,008	866,445	-43,087	-69,558	-44,588	-121,930
FINANCING ACTIVITIES:
Net change in deposits
285,449	40,724	163,262	-60,442	318,171	-110,540	93,316	-244,254	284,465	83,429	215,791	-214,846	188,092	24,799	279,846	-85,270	249,169	119,647	88,220	-100,607	322,035	-1,654	54,853	-79,229	93,355	-28,928	48,738	-100,749	88,868	-72,682	-45,938	-143,508	-632,628	-68,420	9,207	-199,598	-277,981
Net change in securities sold under agreements to repurchase and other short-term borrowings
-41,537	-332	-58,053	52,834	-9,822	19,222	-11,523	-391	-28,339	30,710	59,977	-31,041	-29,098	21,015	26,334	-193,769	-75,540	85,809	79,799	-102,709	-23,574	80,234	78,435	-24,735	56,619	59,182	-22,159	8,315	-130,667	81,045	-24,573	-31,307	-4,512	2,727	8,928	-40,564	-59,524
Payments of Federal Home Loan Bank advances
602,500	230,000	25,000	45,000	520,000	40,000	40,000	30,000	347,500	30,000	10,000	15,000	435,000	25,000	60,000	25,000	182,000	10,000	0	10,000	198,000	80,000	25,000	35,000	48,000	12,020	25,024	526	30	887	23,133	25,038	541,037	20,101	10,068	-9,962	55,040
Proceeds from Federal Home Loan Bank advances
425,000	-190,000	280,000	400,000	270,000	135,000	-105,000	450,000	50,000	10,000	-235,000	550,000	100,000	-	-	-	-	-2,000	-205,000	330,000	87,000	125,500	47,000	93,000	25,000	30,000	20,000	20,000	30,000	-10,000	35,000	150,000	20,000	-	-	-	45,000
Repurchase of Class A Common Stock
2,852	838	201	0	379	-	-	-	-	490	14	0	544	-	-	-	-	-	-	-	-	0	0	0	347	0	0	1	4,094	-	-	-	-	-	-	-	-
Net proceeds from Class A Common Stock purchased through employee stock purchase plan
155	122	137	114	121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from Class A Common Stock options exercised and PSUs awarded
-242	-	-	-	-	-	-	-	-	35	0	0	33	0	0	25	55	892	125	0	119	660	326	97	20	-	-	-	-	0	0	30	117	-	-	-	-
Cash dividends paid
5,464	5,464	5,464	5,453	4,996	4,989	4,989	4,986	4,533	4,527	4,527	4,301	4,301	4,301	4,302	4,083	4,082	4,072	4,074	3,847	3,846	3,842	3,832	3,608	3,648	3,609	3,608	3,380	3,412	26,303	3,423	3,196	3,194	3,195	3,192	2,964	2,964
Net cash provided by financing activities
58,009	-385,805	354,609	341,951	53,095	-2,028	-68,037	170,417	-45,907	89,157	26,227	284,812	-180,818	-18,560	172,878	185,769	-12,398	190,202	-41,080	112,510	183,734	120,898	151,782	-49,475	122,999	44,797	18,131	-76,230	-19,335	-30,109	-62,306	-53,166	-1,161,254	340,930	19,974	-278,236	-350,509
NET CHANGE IN CASH AND CASH EQUIVALENTS
-69,040	-11,769	-76,707	128,267	-5,962	-14,038	-21,444	24,834	62,771	-30,511	-2,833	126,508	-83,122	-12,858	159,188	-55,193	-11,910	119,351	-2,035	-43,583	63,471	3,196	-14,591	-259,113	172,523	29,278	43,895	-109,761	69,760	41,504	-28,170	-62,147	-176,467	287,398	-54,689	-342,053	-314,056
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest
7,786	9,691	11,787	11,763	9,798	8,648	8,021	7,243	6,227	5,547	5,324	4,700	4,535	4,337	4,767	4,588	4,527	4,314	4,723	4,728	4,730	4,741	4,814	4,941	5,305	5,276	5,449	5,310	5,302	5,472	5,465	5,653	6,535	6,790	7,399	7,842	8,877
Income taxes
465	5,877	4,780	6,339	387	923	2,019	7,812	365	8,209	7,150	13,089	331	7,113	6,185	12,615	156	5,723	6,089	5,545	585	5,125	6,399	6,907	397	5,201	6,574	17,931	2,169	-14,840	44,091	23,475	1,037	14,241	12,590	22,052	64
SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers from loans to real estate acquired in settlement of loans
-	113	119	1,140	155	254	224	5	179	285	84	142	330	839	2,001	1,282	656	225	791	1,590	332	867	1,974	1,422	3,070	6,581	4,448	3,345	897	4,592	3,940	3,356	8,722	1,427	3,299	1,138	5,436
Right-of-use assets recorded
626	-	-	-	40,104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for credit losses recorded upon adoption of ASC 326
7,241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans provided for sales of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	256	286	0	872	2,090	111	37	1,145	149	1,733	75	508	61	963	27	182	382	1,156	509	921	533
Unfunded commitments in low-income-housing investments
-	-	-	-	-	1,455	3,541	0	9,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-