Sound financial bancorp, inc. (SFBC)
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'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

981

1,870

1,548

1,817

1,444

1,642

1,829

1,966

1,602

1,186

1,222

1,303

1,414

1,564

1,454

1,254

1,106

1,220

1,115

1,247

1,208

802

1,235

1,216

987

1,006

995

1,142

797

888

613

593

546

Adjustments to reconcile net income to net cash from operating activities:
Amortization of net discounts on investments

-22

-23

-11

-8

-8

-72

59

-18

-10

-14

43

-15

-12

-16

-15

-7

-10

-6

-17

-37

-42

-75

-97

-102

-130

-130

-123

-141

-138

-240

-78

9

0

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-31

0

0

0

0

-

-

-

-

-

-

-

-

Other-than-temporary impairment losses on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11

19

8

32

33

91

Provision (recapture) for loan losses

250

25

250

-200

-200

25

250

150

100

250

250

0

0

204

0

100

150

0

100

200

100

200

200

200

200

200

450

450

250

850

1,075

1,100

1,500

Depreciation and amortization

245

132

329

235

235

137

363

252

237

237

251

252

203

200

199

199

195

105

220

150

145

148

161

123

123

121

117

114

109

110

104

90

90

Compensation expense related to stock options and restricted stock

185

108

72

48

39

72

67

89

45

238

-3

144

144

171

126

126

102

96

115

104

103

44

45

46

198

42

42

41

43

42

59

33

33

Mortgage Servicing Rights (MSR) Impairment (Recovery)

362

184

90

162

324

132

260

227

-106

-56

80

108

3

-522

-13

109

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in right of use assets amortization

257

-

-

-

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in lease liabilities

244

-

-

-

234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of BOLI

15

-

81

78

108

-

81

80

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in advances from borrowers for taxes and insurance

546

-

-

-

637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to mortgage servicing rights, net of amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

178

-

-

-

-

-

-

-

-

-

-

-

-

Additions to mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219

217

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment on mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-153

-144

-140

-244

-271

-250

-135

44

211

76

-384

Additions to mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-156

-129

-56

-132

-160

-278

-217

-336

-216

-143

-185

Amortization of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

142

187

228

232

235

258

254

262

290

259

300

215

Bank Owned Life Insurance Income

-

-

-

-

-

-

-

-

-

-

-

82

81

84

84

84

84

85

85

84

84

87

86

87

80

118

78

74

78

60

61

52

66

Net change in advances from borrowers for taxes and insurance

-

-

-

-

-

-443

656

-630

471

-431

518

-618

528

-394

527

-586

522

-326

414

-459

466

-304

404

-354

366

-

-

-

-

-

-

-

-

Net gain on sale of loans

318

-

440

632

211

-

369

434

332

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Sales of Loans, Net

-

-

-

-

-

-

-

-

-

351

287

262

171

338

477

341

210

155

360

390

396

253

184

111

76

173

38

309

447

837

667

308

251

Proceeds from sale of loans held-for-sale

19,003

23,401

16,616

10,939

27,258

9,680

9,545

14,096

15,800

16,141

13,648

8,126

14,044

30,462

22,384

22,253

13,827

13,671

15,670

23,099

21,511

16,509

14,905

13,131

5,861

43,074

-11,115

49,061

25,876

31,190

30,819

11,914

21,132

Originations of loans held-for-sale

23,721

22,558

17,278

10,724

26,681

9,665

10,054

13,619

14,641

17,258

13,112

6,452

14,972

28,571

23,644

21,413

12,712

14,835

13,021

24,344

21,731

14,576

15,290

13,505

7,091

41,367

-11,567

48,747

25,787

27,537

97,106

-11,520

-20,213

Gains (Losses) on Sales of Other Real Estate

0

-

-2

-6

-3

-

-10

-25

-27

29

-109

-11

-3

24

5

-8

0

-106

-73

16

-38

-12

36

-28

-24

113

-79

-192

-584

0

-483

-86

255

Change in operating assets and liabilities:
Accrued interest receivable

-1

0

98

-120

-59

83

-20

262

-15

34

266

-77

-62

186

38

-3

-13

155

-41

46

-49

51

55

13

12

53

-20

30

23

31

15

81

-81

Other assets

-45

97

-294

-44

-521

-126

-639

831

-571

-177

-53

1,017

-482

-225

48

79

203

957

-1,636

730

-20

-448

-213

319

64

1,130

-346

-9

431

-1,928

67

297

1,034

Accrued interest payable

-2

14

17

-6

64

44

11

1

4

9

-10

-9

14

11

-28

8

10

11

-18

-6

9

4

1

-8

-3

6

4

-6

-5

5

0

-4

-2

Other liabilities

-878

1,061

1,015

461

-593

-955

870

161

633

731

-770

-31

1,168

-985

986

-2,443

2,176

609

-1,683

1,943

-1,335

1,072

-1,963

-84

2,478

659

-219

440

-3

711

-263

330

299

Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,534

-745

3,865

783

-152

4,297

-879

674

2,711

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-3,281

3,840

2,881

1,527

2,815

882

3,957

1,129

4,357

848

1,558

1,565

2,853

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,161

952

5,225

908

1,969

2,107

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of available-for-sale securities

2,489

-

3,014

52

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from principal payments, maturities and sales of available-for-sale securities

514

600

125

109

11

-39

166

130

159

182

569

178

285

274

271

328

409

432

717

809

2,707

1,339

1,137

942

759

1,112

2,213

2,749

3,098

2,629

956

133

130

Net decrease (increase) in loans

5,485

7,541

47,554

-19,265

-34,983

2,360

26,474

30,676

11,485

20,146

34,623

4,609

-10,727

23,561

12,495

2,863

2,515

23,907

1,191

11,597

-6,764

14,303

12,620

9,435

4,274

11,361

22,101

20,614

13,385

18,903

4,491

7,848

2,735

Reduction in (purchase of) BOLI

-113

-

-

-

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of BOLI

-

-

-

-

-

-20

69

0

246

66

91

184

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,500

0

0

0

0

Improvements to OREO and other repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-1

0

12

0

0

0

33

26

34

152

206

Proceeds from sale of OREO and other repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

223

121

-1

8

124

235

101

169

231

80

237

188

942

-1

640

1,525

310

293

876

660

1,190

Purchases of premises and equipment, net

355

427

118

85

24

33

37

181

390

-21

122

1,710

663

475

385

-677

824

572

61

285

194

3,754

104

63

51

85

58

67

133

129

108

13

15

Net cash from (used by) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,497

-24,466

-347

-10,349

9,532

-16,616

-11,326

-8,346

-2,614

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-7,702

-9,030

-50,734

19,191

34,787

-2,396

-26,414

-30,727

-11,962

-19,789

-34,019

6,014

11,681

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,385

-13,621

-21,062

-15,626

-13,451

-1,636

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits

17,840

7,097

30,119

-4,179

30,080

13,769

416

10,223

14,793

-11,220

31,073

-749

13,091

4,248

19,616

-4,254

8,097

20,449

946

2,409

8,411

26,238

7,659

10,565

15,008

6,997

21,828

2,787

4,644

-960

-686

5,953

7,779

Proceeds from borrowings

15,650

75,575

10,150

21,075

60,000

64,000

170,000

-48,000

76,000

92,000

66,500

54,500

16,000

45,500

49,500

29,000

27,500

43,000

28,000

15,000

21,000

38,600

47,000

48,000

40,500

64,750

45,500

92,000

68,000

15,000

0

0

0

Repayment of borrowings

15,650

80,525

13,950

29,825

119,000

77,000

144,044

-63,044

79,000

61,000

63,500

55,131

45,161

28,161

47,660

24,761

36,561

26,661

30,160

7,161

33,161

28,760

66,161

36,161

55,661

61,910

45,661

77,161

64,161

1,160

161

161

160

FHLB stock redeemed (purchased)

-5

-

-

-

2,273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock redeemed (purchased)

-

-

-

-

-

-500

1,020

600

-51

1,240

120

-26

-1,109

694

41

202

-309

654

-87

-555

-24

-23

-23

-22

-22

-22

-21

-22

-22

0

0

0

0

Allocation of ESOP shares

95

101

99

99

96

103

318

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in advances from borrowers for taxes and insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-254

211

-282

319

-288

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,213

48

0

0

0

904

657

545

0

0

-

-

-

-

Dividends paid on common stock

903

359

359

359

357

356

355

353

303

251

753

251

250

187

186

186

186

148

149

152

125

126

126

126

126

128

131

129

0

-

-

-

-

Proceeds from common stock option exercises

182

0

93

6

32

16

0

29

73

10

0

22

11

1

147

11

6

35

13

6

11

77

4

0

0

-

-

-

-

-

-

-

-

Net cash used by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-622

36,806

-936

8,430

-3,446

19,469

5,478

21,924

-817

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,415

11,595

2,582

-1,136

5,934

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

17,209

2,087

26,304

-12,832

-26,876

1,032

25,315

24,343

11,614

18,970

33,156

-430

-16,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,189

8,737

12,909

10,973

5,473

7,907

Net change in cash and cash equivalents

6,226

-

-21,549

7,886

10,726

-

2,858

-5,255

4,009

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

29

695

7,149

-1,775

-

-

-

-

-

-

-

-

-

-

14,252

-720

1,373

2,201

2,965

-3,932

-2,928

-3,745

-6,009

8,378

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes

-

-

-

-

-

470

700

1,500

0

550

600

660

650

750

1,290

700

300

535

1,700

0

625

700

900

0

375

10

610

730

0

200

675

75

0

Interest paid on deposits and borrowings

1,920

2,012

1,912

1,884

1,720

1,626

1,434

1,221

1,019

922

890

771

781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid on deposits and borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

707

686

704

686

680

601

611

604

613

615

574

550

574

571

596

591

603

Loans transferred from loans held-for-portfolio to OREO and repossessed assets

0

0

0

434

60

55

0

0

0

-

-

-

-

385

-463

525

187

221

-31

36

445

-

-

-

-

-

-

-

-

-

-

-

-

Leases right of use assets obtained in exchange for operating lease liabilities:
Right of use assets

0

-

-

-

8,136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Liabilities

0

-

-

-

8,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash net transfer from loans to OREO and repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

182

129

83

510

454

811

222

696

1,196

483