Bancorp, inc. (TBBK)
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
Operating activities
Net income from continuing operations

13,161

2,864

20,399

10,594

17,411

6,063

61,301

6,155

14,021

-13,332

6,770

17,598

6,302

-27,006

-1,427

-17,762

-10,622

17,283

-7,617

-2,499

-1,807

11,095

5,842

1,652

3,226

4,308

1,953

3,916

3,339

-

-

-

-

-

-

-

-

Net income (loss) from discontinued operations

-570

-1,010

26

756

519

1,056

-24

-14

119

897

511

1,266

1,661

-1,766

-24,021

-13,598

-290

1,336

2,042

2,673

2,021

9,096

19,127

8,670

-1,599

-21,827

-752

8,804

-14,163

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,561

3,854

3,972

3,288

2,282

660

2,688

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

991

1,254

1,267

1,349

1,357

1,368

1,381

1,365

1,414

1,442

1,457

1,496

1,585

1,602

1,635

1,615

1,533

1,472

1,469

1,493

1,499

1,461

1,482

1,437

1,354

1,421

1,184

1,185

1,046

505

1,104

1,098

1,056

1,057

1,017

973

979

Provision for credit losses

3,579

1,450

650

600

1,700

925

1,060

900

700

770

800

350

1,000

-

-

-

-

300

625

510

665

-1,404

158

1,173

1,275

-106

379

247

-165

-8,405

5,540

4,287

5,220

4,844

5,019

6,963

4,672

Net amortization of investment securities discounts/premiums

-4,459

-6,067

-5,630

-4,491

-4,149

-4,246

-3,373

-4,437

-3,580

-3,873

-3,088

-1,648

-2,219

-2,138

-2,033

-1,976

-2,057

-2,605

-3,246

-3,460

-3,573

-6,611

-2,654

-1,353

-3,441

-2,151

-2,045

-1,792

-823

-730

-612

-624

-124

-186

-260

-118

-105

Stock-based compensation expense

1,216

1,293

1,377

1,595

1,424

433

1,324

950

743

845

847

778

775

771

775

662

553

443

492

576

464

599

599

671

772

5,514

-799

-813

-745

723

619

623

630

524

462

398

416

Loans originated for sale

541,616

695,657

333,074

363,404

403,241

381,105

233,089

99,535

152,574

123,503

152,238

145,554

100,618

156,519

108,592

188,160

75,313

253,846

162,659

139,098

125,923

202,228

104,011

105,339

218,587

87,235

79,210

81,715

28,402

20,829

7,814

233

0

0

0

0

458

Sale of commercial loans originated for resale

2,535

3,372

740,883

153

491,005

2,310

319,650

190

316,124

29,577

296,293

108,098

24,974

58,428

-12,057

61,689

250,223

121,841

91,730

100,318

104,859

120,337

125,142

174,611

75,441

483,111

-113,371

-88,202

-13,519

19,183

0

237

0

0

0

8

454

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

-144

-205

14,035

-5

11,198

97

9,087

-15

11,661

5,491

5,949

1,249

5,383

2,006

715

1,527

-1,433

3,333

-830

5,901

1,676

-926

2,772

5,212

5,484

4,560

4,739

5,748

2,178

1,725

156

4

0

0

0

0

4

Deferred income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,961

0

0

0

Loss (gain) from discontinued operations

-536

-

-

-

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of fixed assets

-

-

-

-

-

-

-

-

-

-94

0

-41

13

-27

65

-50

6

-1

0

8

2

12

4

0

-2

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sales of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

6

2

Other than temporary impairment on securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20

76

0

126

0

0

0

0

75

Loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-533

-421

-1,451

0

-64

-439

-52

Fair value adjustment on investment in unconsolidated entity

45

-

-

-

-

708

78

1,732

1,171

-40

36

3

-19

22,780

-179

14,753

179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Writedown of other real estate owned

-

-

-

-

-

-

0

0

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of loans held-for-sale

2,855

599

-288

-945

-329

-1,276

-182

982

1,455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of loans held for sale

-

-

-

-

-

-

-

-

-

-

1,049

-2,840

-155

200,455

-105,853

-52,542

-45,138

-19,934

-22,994

-189,976

-65,747

-133,638

-26,775

-74,427

-19,098

-66,795

-31,213

-5,170

20,979

-

-

-

-

-

-

-

-

Change in fair value of derivatives

-2,158

557

-619

-1,088

-764

-1,150

-269

542

1,524

-673

-21

2,055

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of investment securities

-

-

-

-

-

0

15

0

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of investment securities

-

-

-

-

-

-

-

-

-

-

-

586

503

-

981

124

2,026

14,497

-335

193

80

85

-35

159

241

1,104

42

476

267

-

-

-

0

-

-

-

-

Increase in accrued interest receivable

2,041

-279

-669

660

1,154

1,132

-189

32

878

769

-749

584

-293

93

225

1,099

-299

-1,761

-294

236

39

190

585

26

1,928

592

445

827

1,689

-11

764

265

556

-65

702

-968

-71

Decrease in interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

-2

6

10

-18

-18

25

Decrease (increase) in other assets

-3,180

-11,482

15,543

-7,122

13,483

-235

-2,726

3,134

8,011

-4,806

-12,619

6,714

5,033

-10,058

-5,958

22,375

2,873

-10,581

9,802

-409

-1,203

-89,188

63,326

40,297

-36,401

-4,646

585

1,207

3,076

37,365

1,907

647

2,137

-1,460

-1,775

539

1,571

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

-

-

-

-

-

-1,035

427

0

960

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-2,035

4,600

-621

-5,102

-

4,634

3,368

-2,223

-7,885

-16,748

-1,128

20,392

-2,507

-59,280

-19,546

43,923

14,719

12,523

7,411

-11,263

-

-

-

-

-

-

-

-

Increase in other liabilities

1,975

7,971

3,321

-10,497

10,125

6,053

18,317

6,642

-22,357

290

8,232

-28,804

1,778

18,062

-12,577

-11,281

34,363

9,639

-2,941

-2,951

297

-10,906

453

-14,150

-1,552

-877

14,723

-23,711

25,149

7,028

1,106

-2,945

2,550

-2,132

5,153

-7,545

5,842

Net cash (used in) provided by operating activities

-507,393

-656,403

412,024

-347,686

98,982

-340,086

99,045

-76,221

143,301

-79,985

168,857

-50,788

-66,175

-31,896

-154,322

-177,489

201,733

-94,015

-65,208

-40,319

-35,338

13,405

44,078

43,931

-151,407

-64,993

36,159

-4,207

-5,964

-101,044

2,296

7,149

12,316

7,206

15,274

1,816

13,344

Investing activities
Purchase of investment securities available-for-sale

12,000

-2

8,763

78,816

69,901

0

-23,222

0

157,980

366,666

106,582

69,984

36,693

49,533

77,803

129,821

292,345

249,182

42,480

24,164

30,401

131,000

58,540

121,078

222,550

276,522

164,570

192,377

250,581

191,159

102,975

129,293

50,401

61,895

89,392

115,266

79,256

Proceeds from sale of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

200,455

23,803

29,741

30,374

32,568

31,392

5,274

78,971

411,246

35,622

23,440

35,226

30,529

32,286

22,334

24,173

44,281

113,111

-41,793

-9,356

-

-

-

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

0

28

0

28

1

89

2,827

157

0

38

-

-

-

-

-

-

-

-

-

-

-

-

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

61,487

51,478

39,998

33,884

48,556

43,919

58,479

65,029

40,276

44,127

42,075

150,961

41,127

80,518

40,131

53,028

40,053

76,395

61,827

58,931

47,140

44,201

34,492

45,555

64,004

408,157

-277,986

43,149

59,942

63,295

41,903

28,544

20,504

53,941

26,033

17,372

38,275

Net cash paid due to acquisitions, net of cash acquired

3,920

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,653

2,386

118

0

125

596

173

Net increase in loans

153,273

142,805

122,341

51,521

5,944

8,686

-9,150

44,139

71,379

20,369

4,590

106,640

41,254

26,054

16,221

68,093

35,998

83,850

27,268

97,533

-3,632

17,698

56,053

63,182

103,103

21,347

61,549

20,909

30,309

47,180

57,652

60,061

9,217

33,117

44,861

48,915

21,472

Net decrease in discontinued loans held-for-sale

4,871

-

-

-

6,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in discontinued loans held-for-sale

-

-

-

-

-

-

-13,072

-43,428

-14,578

-

-24,076

-4,419

-14,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

579

0

234

132

201

131

202

8

107

54

22

144

50

3

0

11

-

-

-

-

186

32

70

69

29

23

6

39

Purchases of premises and equipment

380

188

1,226

390

208

-

-

-

-

-110

240

192

193

3,787

675

2,260

1,302

4,025

847

1,322

2,805

1,361

2,482

1,676

1,092

2,449

1,498

3,759

1,392

1,499

1,830

900

869

716

619

353

418

Change in receivable from investment in unconsolidated entity

-

-

-

-

-

-

-

-

-

-

-13,115

-5,117

-967

8,392

-5,058

-183

-1,130

-

-530

-3,597

-2,812

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in receivable from investment in unconsolidated entity

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of investment in unconsolidated entity

-

-

-

-

-

-

-26,016

30,010

3,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of investment in unconsolidated entity

4,836

-

-

-

1,015

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in discontinued assets held-for-sale

1,132

-1,168

1,486

1,857

3,328

1,748

2,246

3,839

-263

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-97,164

-62,213

-76,740

-77,681

-16,676

39,218

118,709

98,023

-171,482

-105,496

-6,065

18,463

8,783

10,437

87,889

-88,945

-164,317

176,331

50,460

152,948

121,584

-132,409

-23,362

-43,620

-219,421

-130,480

-938,569

177,729

233,963

-49,783

-111,572

-159,254

-39,796

-65,604

-108,426

-118,979

-62,659

Financing activities
Net (decrease) increase in deposits

-360,907

706,333

353,951

-33,552

89,584

77,656

58,778

-155,889

-305,673

695,447

-310,689

-159,715

-202,505

471,369

-293,745

61,724

-415,801

35,542

63,158

-175,987

-129,740

740,159

-185

-365,398

-25,781

1,215,764

-393,432

-262,328

399,764

532,046

-41,122

-951,581

1,091,327

-390,950

910,798

-368,406

507,012

Net decrease in securities sold under agreements to repurchase

-40

-

-

-

-

-65

-3

-21

-35

37

-93

0

-1

-79

35

-353

-254

-109

-1,323

-5,602

-11,455

-2,082

4,015

990

-4,730

-836

2,998

2,387

-1,876

-254

-3,146

-3,958

-7,271

8,120

4,799

475

5,400

Proceeds of short-term borrowings

140,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuance expense

-

-

-

-

-

-

-

-

-

-

0

0

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of short-term borrowings and federal funds purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136,000

Proceeds from the issuance of common stock

620

-

-

-

-

-

0

0

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,258

-1,629

-

-

-

0

0

0

-27

54,528

Proceeds from the issuance of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

32

71

3,306

-1,943

176

114

356

59

0

39

-

0

0

0

Excess tax benefit from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

0

-2

-

0

0

0

Net cash (used in) provided by financing activities

-220,327

706,580

308,951

11,448

89,584

77,591

118,775

-155,910

-305,596

695,484

-310,782

-159,715

-202,706

664,389

-148,898

61,371

-416,055

35,433

61,835

-181,589

-141,195

738,077

3,830

-364,376

-30,440

702,936

402,653

259,765

-399,631

573,863

-44,209

-955,539

1,084,093

-383,696

915,597

-367,958

430,940

Net (decrease) increase in cash and cash equivalents

-824,884

-

-

-

171,890

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

336,529

-134,108

-333,777

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-147,990

-192,040

-260,098

642,930

-215,331

-205,063

-378,639

117,749

47,087

-68,960

-54,949

619,073

24,546

-364,065

-401,268

507,463

43,895

-453,629

171,632

423,036

-153,485

-1,107,644

1,056,613

-442,094

822,445

-485,121

381,625

Supplemental disclosure:
Interest paid

7,490

8,661

9,826

9,547

9,498

8,044

8,033

5,830

5,114

4,150

4,013

3,597

3,566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,268

-

7,275

-820

3,129

2,664

2,370

2,823

2,911

2,738

2,728

2,606

2,720

2,577

2,825

3,069

2,960

2,965

3,113

3,145

2,814

Taxes paid

1,093

5,646

4,905

8,707

1,425

10,764

863

996

40

3,108

1,007

9

35

1,136

-219

444

141

-

-

-

-

0

485

964

1,129

6,157

9,201

0

2,244

2,682

4,092

3,853

422

1,007

561

3,996

575

Non-cash investing and financing activities
Investment securities purchased and not settled

-

-

-

-

61,527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities transferred in securitization transaction

-

0

51,558

0

41,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans transferred in acquisition

3,961

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of discontinued loans to other real estate owned

-

-

-

-

5,295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,332

0

1,890

-

-

-

-

Transfers of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,489