Timberland bancorp inc, (TSBK)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Cash flows from operating activities
Net income

24,020

16,721

14,167

10,154

8,292

5,850

4,757

4,590

1,089

-2,291

-242

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

0

0

-1,250

0

-1,525

0

2,925

3,500

6,758

10,550

10,734

Depreciation

1,604

1,290

1,262

1,328

1,356

1,244

1,095

940

992

1,141

1,136

Accretion of discount on purchased loans

-645

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

703

797

385

283

196

451

777

154

156

466

-1,813

Amortization of CDI

452

0

0

-

3

116

130

148

167

191

217

Earned ESOP shares

441

882

605

404

336

264

265

264

264

-

-

Earned ESOP shares

-

-

-

-

-

-

-

-

-

265

264

MRDP compensation expense

-

-

-

-

-

2

39

105

171

173

169

Stock option compensation expense

159

172

156

190

127

104

49

15

7

6

3

Stock option tax effect

-

-

-

-

-

-

-

-

-

-

46

Gain on sales of investment securities

47

0

0

-

45

-32

0

22

79

-

-

Net recoveries on investment securities

-59

-68

-33

168

13

-

-

-

-

-

-

Stock option tax effect less excess tax benefit

-

-

-

-

-

4

0

-

-

-

-

Change in fair value of investments in equity securities

41

0

0

-

-

-

-

0

-2

20

76

Gain on sales of OREO and other repossessed assets, net

89

229

54

47

110

169

264

-373

548

-

-60

Provision for OREO losses

24

248

42

435

644

605

2,064

-

-

-

-

Gain on sales of loans, net

1,754

1,893

2,157

1,781

1,610

1,013

2,507

2,472

1,548

-1,547

-2,828

Provision for OREO losses

-

-

-

-

-

-

-

-1,048

-1,402

535

306

(Gain) loss on sales/disposition of premises and equipment, net

-7

102

-5

-7

296

7

431

0

-16

6

-233

Loans originated for sale

70,489

62,677

69,996

57,354

54,490

31,320

87,329

93,073

63,945

-69,727

-158,942

Proceeds from sales of loans

67,957

66,384

72,158

58,582

53,948

33,345

89,352

97,357

63,738

68,330

-

Amortization of servicing rights

646

491

487

-

-

-

-

-

-

-

-

Net OTTI on investment securities

-

-

-

-

-

-59

47

214

447

2,176

3,546

Amortization of servicing rights

-

-

-

555

841

969

948

805

681

-604

-

Valuation adjustment on servicing rights

4

0

0

-

-

0

-475

-10

-405

-

-

(Gains) losses on sale of OREO and other repossessed assets, net

-

-

-

-

-

-

-

-

-

-291

-

MSRs valuation allowance

-

-

-

-

-

-

-

-

-

890

-

BOLI net earnings

613

547

545

551

538

530

577

607

517

-491

-965

BOLI death benefit in excess of cash surrender value

1,028

0

0

-

-

-

-

-

-

-

-

(Decrease) increase in deferred loan origination fees

-161

-171

-237

-36

-447

-36

60

180

287

-210

-308

Proceeds from sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

162,913

Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses

-3,305

-190

-1,610

-592

36

-1,301

767

2,239

2,138

-

-

Increase (decrease) in accrued interest receivable and other assets, and other liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-4,752

-2,546

Net cash provided by operating activities

18,108

21,450

13,859

11,817

7,625

8,623

11,572

15,388

10,699

6,044

11,473

Cash flows from investing activities
Net (increase) decrease in CDs held for investment

12,083

20,256

-9,966

4,389

12,766

5,803

6,552

4,831

612

-14,796

-3,251

Proceeds from sale of investment securities held to maturity

2,937

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities available for sale

2,332

0

0

-

1,219

856

0

743

2,272

-

-

Purchase of investment securities held to maturity

13,166

6,073

0

0

2,988

3,003

0

-

-

-

-

Purchase of investment securities available for sale

20,909

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities and prepayments of investment securities held to maturity

11,784

554

609

489

509

583

689

751

850

1,222

1,763

Proceeds from maturities and prepayments of investment securities available for sale

1,412

41

68

53

242

355

891

1,042

2,243

3,062

3,451

Purchase of FHLB stock

42

83

103

105

0

-

-

-

-

-

-

Proceeds from redemption of FHLB stock

0

0

1,200

600

2,547

-

-

-

-

-

-

Purchase of other investments

0

0

3,000

0

0

-

-

-

-

-

-

Redemption of FHLB stock

-

-

-

-

-

-206

-203

-50

0

-

-

Increase in loans receivable, net

39,536

35,522

26,956

59,212

40,016

23,569

15,819

22,860

10,157

3,532

-11,158

Additions to premises and equipment

2,151

2,186

3,526

640

700

1,189

1,302

1,436

1,015

-484

-2,347

Proceeds from sales of premises and equipment

0

463

0

0

465

37

760

0

0

-

282

Cash acquired, net of cash consideration paid in business combination

14,284

0

0

-

-

-

-

-

-

-

-

Capitalized improvements to OREO

-

-

-

142,000

3,000

-

-

-

-

-

-

Capitalized improvements to OREO

-

-

-

142

3

-

-

-

-

-

-

Proceeds from sales of OREO and other repossessed assets

613

1,693

1,579

3,798

2,377

7,065

3,596

2,555

4,181

4,507

2,317

Proceeds from death benefit on BOLI

3,078

0

0

-

-

-

-

-

-

-

-

Escrow deposit for business combination

-6,900

6,900

0

0

-

-

-

-

-

-

-

Purchase of BOLI

-

-

-

-

-

-

-

0

2,000

-

-

Net used in investing activities

-44,547

-68,269

-20,163

-59,548

-49,114

-24,462

-17,534

-23,986

-4,238

-2,957

-8,943

Cash flows from financing activities
Net increase in deposits

27,183

51,608

76,364

82,622

63,796

6,854

10,336

5,248

13,809

73,208

7,089

Repayment of FHLB borrowings

0

0

30,000

15,000

0

-

-

10,000

20,000

-20,000

-9,628

Net Increase (decrease) in FRB advances - short term

-

-

-

-

-

-

-

-

-

-10,000

-

Net increase (decrease) in FRB borrowings - short term

-

-

-

-

-

-

-

-

-

-

10,000

Net decrease in repurchase agreements

-

-

-

-

-

0

-855

126

107

-155

19

ESOP tax effect

-

-

-

-

-

-64

-6

65

61

-78

-47

Proceeds from exercise of stock options

401

318

332

159

30

23

0

-

-

-

346

Proceeds from Warrant Exercises

0

0

2,496

0

0

-

-

-

-

-

-

MRDP compensation tax effect

-

-

-

-

-

-2

8

28

37

-39

-32

Repurchase of preferred stock

-

-

-

-

-

12,065

4,321

0

0

-

-

Repurchase of common stock

499

0

0

820

709

0

0

-

-

-

-

Issuance of stock warrants

-

-

-

-

-

-

-

-

-

-

1,158

Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

15,425

Payment of dividends

6,495

4,431

3,641

2,578

1,693

1,185

1,368

2,080

0

-699

-3,272

Net cash provided by financing activities

20,590

47,495

45,551

64,383

61,424

-6,303

3,790

-6,799

-6,182

42,237

21,058

Net (decrease) increase in cash and cash equivalents

-5,849

676

39,247

16,652

19,935

-22,142

-2,172

-15,397

279

45,324

23,588

Supplemental disclosure of cash flow information
Income taxes paid

6,593

4,462

7,596

4,412

3,663

2,888

1,793

2,343

2,097

3

1,452

Interest paid

4,457

2,714

3,283

3,976

-

-

-

-

-

-

-

Interest paid

-

-

-

-

3,899

3,961

4,523

6,089

8,725

11,189

13,674

Supplemental disclosure of non-cash investing activities
Loans transferred to OREO and other repossessed assets

293

324

751

307

2,120

6,155

6,375

9,443

5,782

-

-

Other comprehensive (loss) income related to investment securities

116

-5

51

138

26

23

101

-

-

-

-

Business Combination (see Note 2)
Loans originated to facilitate the sale of OREO

-

-

-

-

450

1,282

2,708

3,095

1,538

-

-

Loans transferred to OREO and other repossessed assets

-

-

-

-

-

-

-

-

-

9,434

10,237

Loans originated to facilitate the sale of OREO

-

-

-

-

-

-

-

-

-

1,349

-

Shares issued to MRDP

-

-

-

-

-

-

-

-

-

-

138

Loans originated to facilitate sale of OREO

-

-

-

-

-

-

-

-

-

-

1,021