Bancorp, inc. (TBBK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities
Net income from continuing operations

51,268

87,540

17,338

-56,817

5,360

21,815

13,516

-5,769

-

-

-

Net income (loss) from discontinued operations

291

1,137

4,335

-39,675

8,072

35,294

-27,938

-37,384

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

8,918

5,222

4,102

Adjustments to reconcile net income to net cash (used in) provided by operating activities
Depreciation and amortization

5,227

5,528

5,980

6,385

5,933

5,734

4,836

3,763

4,026

4,074

3,881

Provision for credit losses

4,400

3,585

2,920

3,360

2,100

1,202

355

6,642

21,498

19,287

13,000

Net amortization of investment securities discounts/premiums

-20,337

-15,636

-10,828

-8,204

-12,884

-14,059

-6,811

-2,090

-669

-514

-70

Stock-based compensation expense

5,689

3,450

3,245

2,761

1,975

2,641

3,157

2,595

1,800

590

153

Loans originated for sale

1,795,376

866,303

521,913

528,584

681,526

630,165

276,562

28,876

458

1,048

5,977

Sale of commercial loans originated for resale

1,235,413

638,274

458,942

358,283

418,748

495,531

268,019

19,420

462

1,055

6,008

Loss (gain) on sales of commercial loans originated for resale

25,023

20,830

18,072

2,815

10,080

12,542

17,225

1,885

4

7

31

Deferred income tax expense

1,607

15,824

20,799

-14,381

84

-13,590

-200

-1,188

-1,961

-2,494

1,239

Gain on sale of IRA portfolio

-

65,000

-

-

-

-

-

-

-

-

-

Loss (gain) from discontinued operations

-2,014

-3,993

3,293

-3,202

-

-

-

-

-

-

-

Loss on sale of fixed assets

-

-15

-122

-6

9

14

-24

-31

-25

-

-

(Gain) loss on sales of fixed assets

-

-

-

-

-

-

-

-

-

-46

39

Other than temporary impairment on securities held-to-maturity

-

-

-

-

-

-

20

202

75

135

2,225

Loss on sale of other real estate owned

-

-

-19

-

-

-

-

-

-555

-22

-1,700

Fair value adjustment on investment in unconsolidated entity

-

3,689

-20

37,533

2,430

-

-

-

-

-

-

Writedown of other real estate owned

-

45

-

-

-

-

-

-

-

-

-

Change in fair value of loans held-for-sale

-963

979

1,964

-

-

-

-

-

-

-

-

Change in fair value of loans held for sale

-

-

-

-3,078

-298,651

-253,938

-82,199

-109,743

-

-

-

Change in fair value of derivatives

-1,914

647

1,811

3,164

-

-

-

-

-

-

-

Gain on sales of investment securities

-

41

2,231

3,171

-

-

-

-

-

-

-

Gain on sales of investment securities

-

-

-

-

14,435

450

1,889

661

759

1,207

1,106

Increase in accrued interest receivable

866

1,853

311

1,118

-1,780

2,729

3,553

1,574

-402

1,156

189

Decrease in interest payable

-

-

-

-

-

-

-

-

-1

-238

-2,113

Decrease (increase) in other assets

10,422

8,184

-5,678

9,232

-2,391

-21,966

222

42,056

-1,125

505

2,909

Change in fair value of discontinued loans held-for-sale

-

352

2,736

45,604

-

-

-

-

-

-

-

Change in fair value of discontinued assets held-for-sale

-487

-195

-3,158

-

-5,369

-37,410

23,390

2,310

-

-

-

Increase in other liabilities

10,920

8,655

-18,504

28,567

4,044

-26,155

15,284

7,739

1,318

-18,659

27,157

Net cash (used in) provided by operating activities

-493,083

-173,961

-28,091

-161,974

-234,880

-49,993

-39,005

-79,283

37,640

5,631

47,171

Investing activities
Purchase of investment securities available-for-sale

157,478

134,758

579,925

549,502

346,227

533,168

884,050

473,828

345,809

273,227

151,398

Cash from call of investment securities held-to-maturity

-

2,000

-

-

-

-

-

-

-

-

-

Purchase of investment securities held-to-maturity

-

-

-

-

-

-

52,899

-

-

-

-

Proceeds from sale of investment securities available-for-sale

-

3,529

284,373

148,205

505,534

109,322

106,243

26,209

-

46,490

55,260

Proceeds from redemptions and prepayments of securities held-to-maturity

-

-

7,000

51

118

3,022

963

2,076

4,000

0

0

Proceeds from redemptions and prepayments of securities available-for-sale

173,916

207,703

278,290

213,730

244,293

188,252

233,262

154,246

135,621

87,014

87,837

Proceeds from sale of other real estate owned

-

405

85

-

-

-

-

-

894

423

2,900

Net increase in loans

322,611

115,054

172,853

146,366

205,019

240,036

134,114

174,110

148,365

111,899

85,605

Net decrease in discontinued loans held-for-sale

49,170

94,371

52,343

179,545

-

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

945

542

327

64

137

357

97

74

162

Purchases of premises and equipment

2,012

2,379

515

8,024

8,999

6,611

9,098

5,098

2,106

3,622

2,496

Change in receivable from investment in unconsolidated entity

83

9,570

-7,989

-

-

-

-

-

-

-

-

Change in receivable from investment in unconsolidated entity

-

-

-

2,021

-

-

-

-

-

-

-

Return of investment in unconsolidated entity

20,119

11,511

52,477

14,057

12,645

-193,595

-

-

-

-

-

Decrease in discontinued assets held-for-sale

5,503

7,570

1,454

-5,153

-

-

-

-

-

-

-

Net cash used in investing activities

-233,310

84,468

-84,315

-154,936

501,323

-418,812

-657,357

-360,405

-355,668

-254,747

-93,340

Financing activities
Net (decrease) increase in deposits

1,116,316

-325,128

22,538

-176,453

-207,027

348,795

959,768

630,670

658,454

369,588

129,147

Net decrease in securities sold under agreements to repurchase

-11

-124

-57

-651

-18,489

-1,807

2,673

-14,629

18,794

11,795

-6,831

Repayment of short-term borrowings

-

-

-

-

-

-

-

-

136,000

-36,000

-

Repayment of short-term borrowings and federal funds purchased

-

-

-

-

-

-

-

-

-

-

-39,000

Proceeds from the issuance of common stock

-

-

-200

74,812

-

-

1,629

41,713

54,501

0

62,099

Purchase of treasury stock

-

-

-

-

-

-

-

-

866

0

0

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

45,220

0

Proceeds from the issuance of common stock options

258

112

-

-

-

103

1,653

454

-

0

-

Proceeds from the sale of IRA portfolio

-

60,000

-

-

-

-

-

-

-

-

-

Net increase in long-term liabilities

-

-

-

263,099

-

-

-

-

-

-

-

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

0

-

Repurchase of warrants

-

-

-

-

-

-

-

-

-

4,754

0

Dividends paid on Series A and B preferred stock

-

-

-

-

-

-

-

-

-

433

2,293

Net cash (used in) provided by financing activities

1,116,563

-265,140

22,281

160,807

-225,516

347,091

965,723

658,208

594,883

366,976

221,122

Net (decrease) increase in cash and cash equivalents

390,170

-354,633

-90,125

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-156,103

40,927

-121,714

269,361

218,520

276,855

117,860

174,953

Supplemental disclosure:
Interest paid

37,532

27,021

15,326

12,420

13,397

-

-

-

-

-

-

Interest paid

-

-

-

-

-

10,768

10,792

11,431

12,037

14,777

18,394

Taxes paid

20,683

12,663

4,159

1,502

592

2,578

17,602

11,049

6,139

483

1,401

Transfer of loans to held for sale

-

-

-

-

0

0

32,795

-

-

-

-

Non-cash reclassification of commercial loans sold

-

-

240,714

-

-

-

-

-

-

-

-

Non-cash investing and financing activities
Investment securities transferred in securitization transaction

93,191

62,076

46,359

-

-

-

-

-

-

-

-

Transfers of discontinued loans to other real estate owned

5,295

-

450

-

-

725

-

-

6,739

2,079

-

Transfers of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

459