Territorial bancorp inc. (TBNK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

21,995

19,212

14,962

16,347

14,748

-

-

-

-

-

-

Net income

-

-

-

-

-

14,097

14,647

14,838

12,789

-

-

Adjustments to reconcile net income to net cash from operating activities:
Net income

-

-

-

-

-

-

-

-

-

11,028

8,664

Provision for loan losses

61

119

52

310

455

360

39

415

418

345

1,198

Depreciation and amortization

1,171

1,255

1,129

1,139

1,296

1,389

1,138

1,137

1,124

1,010

943

Deferred income tax expense

1,466

829

3,436

1,490

-2,223

-1,122

-1,856

-592

-1,745

-1,769

-1,829

Amortization of fees, discounts, and premiums, net

493

469

478

715

492

441

-249

-383

163

-

-

Amortization of right-of-use asset

2,761

-

-

-

-

-

-

-

-

-

-

Origination of loans held for sale

7,982

9,912

23,665

49,157

57,337

36,146

81,654

105,953

60,470

-

-

Amortization of fees, discounts, and premiums

-

-

-

-

-

-

-

-

-

-91

885

Origination of loans held for sale

-

-

-

-

-

-

-

-

-

47,863

85,060

Proceeds from sales of loans held for sale

10,133

10,078

25,063

49,207

56,493

37,704

83,205

109,375

61,184

45,071

85,612

Gain on sale of loans, net

1,540

72

199

406

503

396

1,541

2,411

711

442

1,636

Provision for real estate owned losses

-

-

-

-

-

-

14

-

-

-

-

Net gain on sale of real estate owned

-

4

-

-

12

-

1

6

18

1

0

Gain on sale of investment securities available for sale

153

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities held for trading

-

-

-

-

-

5,041

-

-

41,156

-

-

Proceeds from sale of investment securities held for trading

-

-

-

-

-

5,071

-

-

41,334

-

-

Gain on sale of investment securities held for trading

-

-

-

-

-

30

-

-

178

-

-

Gain on sale of investment securities held to maturity

2,757

45

431

370

701

1,233

3,450

1,234

273

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-321

-

0

-507

Net loss on disposal of premises and equipment

-

-6

-24

-

-4

-4

-

-9

5

-68

4

ESOP expense

-

-

1,529

1,353

1,210

1,036

1,125

1,082

967

-

-

Other-than-temporary impairment loss on investment

-

-

-

-

-

-

-

-

-

2,404

-

Purchases of investment securities held for trading

-

-

-

-

-

-

-

-

-

18,143

-

Proceeds from sale of investment securities held for trading

-

-

-

-

-

-

-

-

-

18,244

-

Other-than-temporary impairment loss on investment

-

-

-

-

-

-

-

-

-

-

3,481

Purchases of investment securities held for trading

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of investment securities held for trading

-

-

-

-

-

-

-

-

-

-

0

Gain on sale of investment securities held for trading

-

-

-

-

-

-

-

-

-

101

0

Gain on sale of investment securities available for sale

-

-

-

-

-

-

-

-

-

249

266

Gain on sale of investment securities held to maturity

-

-

-

-

-

-

-

-

-

0

-

ESOP expense

1,398

1,456

-

-

-

-

-

-

-

907

792

Share-based compensation expense

571

341

-

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

106

2,042

3,086

2,817

2,676

2,690

3,461

939

0

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

54

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

0

-

Increase in accrued interest receivable

135

132

410

48

248

126

-57

-413

244

-245

-6

Net increase in bank-owned life insurance

835

865

907

966

1,025

1,060

1,066

943

968

1,017

1,142

Net increase in prepaid expenses and other assets

-81

-1,315

1,227

355

366

-104

-1,754

-837

-2,221

-

-

Net increase in prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

341

2,963

Net (decrease) increase in accounts payable and accrued expenses

-629

-4,367

2,604

-1,081

249

-2,513

1,669

-1,140

-81

869

964

Net decrease in lease liability

2,638

-

-

-

-

-

-

-

-

-

-

Net decrease in advance payments by borrowers for taxes and insurance

-46

386

-

-

-

-

-

-

-

-

-

Net increase in advance payments by borrowers for taxes and insurance

-

-

922

578

1,208

208

69

375

-

-

-

Net decrease in income taxes receivable

-

-1,571

1,449

122

-

-

-

-

-

-

-

Net increase in income taxes payable

-102

924

-133

-479

1,269

-588

262

-

-

-

-

Net decrease in income taxes payable

-

-

-

-

-

-

-

-

-

-

293

Net cash from operating activities

22,327

21,626

20,928

18,767

17,111

-

-

-

-

11,202

8,089

Net increase in income taxes payable

-

-

-

-

-

-

-

-1,962

2,537

-93

-

Net cash from operating activities

-

-

-

-

-

14,094

17,336

17,580

20,023

-

-

Cash flows from investing activities:
Purchases of investment securities held to maturity

9,210

14,983

56,899

3,803

11,606

38,826

270,406

148,043

256,721

102,139

184,527

Purchases of investment securities available for sale

-

-

2,970

-

-

-

-

-

-

-

-

Purchases of investment securities available for sale

-

-

-

-

-

-

-

-

-

64,774

17,928

Principal repayments on investment securities held to maturity

42,698

43,959

52,831

83,234

85,802

66,317

162,800

229,696

143,526

165,291

112,440

Principal repayments on investment securities available for sale

1,187

224

99

-

-

-

-

-

525

114

23

Proceeds from sale of investment securities held to maturity

3,527

4,462

7,446

5,462

7,718

14,248

51,102

17,206

3,815

0

0

Proceeds from sale of investment securities available for sale

5,117

-

-

-

-

-

-

-

-

-

-

Loan originations, net of principal repayments on loans receivable

48,782

85,547

152,631

146,095

220,215

111,426

80,752

85,744

-

-

-

Purchases of Federal Home Loan Bank stock

22,366

9,180

5,929

1,075

3,120

-

-

-

-

-

-

Proceeds from sale of investment securities available for sale

-

-

-

-

-

-

-

-

-

49,365

18,172

Loan originations, net of principal repayments on loans receivable

-

-

-

-

-

-

-

-

-45,987

-42,261

-

Proceeds from redemption of Federal Home Loan Bank stock

21,736

7,628

4,333

920

9,564

455

439

220

-

-

-

Purchases of Federal Reserve Bank stock

14

11

8

73

97

2,925

-

-

-

-

-

Proceeds from bank-owned life insurance

788

-

-

-

-

-

-

-

-

-

-

Purchases of bank-owned life insurance

-

-

-

-

-

-

8,000

-

-

-

-

Proceeds from redemption of FHLB stock

-

-

-

-

-

-

-

-

-

0

-

Increase in acquisition value of real estate owned

-

-

-

-

-

-

-

-

-

-

28

Proceeds from sale of real estate owned

-

50

-

-

204

-

130

590

180

160

0

Purchases of premises and equipment

718

363

2,547

563

604

973

2,138

752

1,148

2,009

997

Net cash from investing activities

-6,037

-53,761

-156,275

-61,993

-132,354

-

-

-

-

3,747

-37,215

Loan originations, net of principal repayments on loans receivable

-

-

-

-

-

-

-

-

-

-

-35,623

Proceeds from disposals of premises and equipment

-

-

-

-

-

7

-

-

5

0

7

Net cash from investing activities

-

-

-

-

-

-73,123

-146,825

13,173

-155,805

-

-

Cash flows from financing activities:
Net increase in deposits

2,769

31,869

104,095

48,097

85,424

70,970

50,862

71,731

89,646

61,802

90,754

Proceeds from advances from the Federal Home Loan Bank

557,200

215,700

144,525

23,000

120,000

-

5,000

100

10,000

10,000

55,692

Repayments of advances from the Federal Home Loan Bank

543,400

180,700

106,325

23,000

66,000

-

10,000

100

-

0

91,483

Proceeds from securities sold under agreements to repurchase

5,000

-

-

-

30,000

-

25,000

-

47,000

1,136

15,000

Repayments of securities sold under agreements to repurchase

25,000

-

25,000

-

47,000

-

23,000

38,621

43,900

26,136

0

Purchases of Fed Funds

10

10

10

10

10

10

-

10

10

10

39,367

Sales of Fed Funds

10

10

10

10

10

10

-

10

10

10

39,367

Repayments of subordinated debt

-

-

-

-

-

-

-

-

-

-

24,744

Net increase (decrease) in advance payments by borrowers for taxes and insurance

-

-

-

-

-

-

-

-

-112

471

-209

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

54

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

0

-

Proceeds from issuance of common stock

170

-

-

-

-

-

-

717

-

0

108,856

Proceeds from exercise of stock options

-

-

-

566

17

-

-

-

-

-

-

Repurchases of common stock

1,597

9,270

9

1,674

9,326

5,612

19,595

8,025

25,464

1,027

0

Cash dividends paid

13,689

10,490

11,123

8,409

7,013

6,634

6,231

5,728

3,886

-

-

Cash dividends paid

-

-

-

-

-

-

-

-

-

2,713

3

Net cash from financing activities

-

-

-

-

-

58,724

22,036

20,128

73,284

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-305

-107,453

50,881

-62,498

-

-

Net cash from financing activities

-18,547

47,109

106,163

38,580

106,102

-

-

-

-

43,533

153,863

Net increase (decrease) in cash and cash equivalents

-2,257

14,974

-29,184

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-4,646

-9,141

-

-

-

-

58,482

124,737

Supplemental disclosure of cash flow information:
Cash paid for:
Interest on deposits and borrowings

16,873

13,862

9,231

7,863

6,648

-

-

-

-

-

-

Interest on deposits and borrowings

-

-

-

-

-

6,055

6,232

9,403

11,385

14,965

20,095

Income taxes

4,947

2,787

9,319

9,645

10,324

10,478

10,440

10,851

7,906

8,374

6,761

Supplemental disclosure of noncash investing and financing activities:
Company stock acquired through stock swap and net settlement transactions

3,703

1,282

5,120

1,620

-

-

-

-

-

-

-

Company stock repurchased through stock swap and net settlement transactions

3,789

1,282

-

-

-

-

-

-

-

-

-

Loans transferred to real estate owned

-

46

-

-

192

-

143

176

570

-

-

Loans securitized into investment securities

36,826

-

-

-

-

-

-

-

-

-

-

Investments purchased, not settled

-

-

-

-

1,200

-

-

-

-

-

-

Investments purchased prior period, settled current period

-

-

-

1,200

-

-

-

-

-

-

-

Company stock repurchased prior period, settled current period

-

-

-

-

389

-

-

-

-

-

-

Establishment of right-of-use asset

14,341

-

-

-

-

-

-

-

-

-

-

Establishment of lease liability

14,821

-

-

-

-

-

-

-

-

-

-

Transfer of securities from held-to-maturity to available-for-sale

11,390

-

-

-

-

-

-

-

-

-

-

Loans transferred to real estate owned

-

-

-

-

-

-

-

-

-

0

0