TIMBERLAND BANCORP INC, TSBK Cash Flow

Timberland bancorp inc, (TSBK)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Cash flows from operating activities
Net income
5,049	6,652	6,335	5,956	6,114	5,615	4,422	4,416	4,269	3,614	3,615	4,277	3,128	3,147	2,699	2,547	2,380	2,528	2,955	2,159	1,451	1,727	1,646	1,434	1,159	1,611	894	877	1,278	1,708	1,152	1,348	807	1,283	-73	-1,280	1,083	1,359
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
2,000	200	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	165	1,385	1,175	200	900	900	1,050	650	1,758	3,400	700	900
Depreciation
372	376	372	442	400	390	350	319	311	310	316	306	327	313	330	325	333	340	342	345	338	331	358	310	297	279	285	282	276	252	256	224	226	234	249	244	246	253
Accretion of discount on purchased loans
-108	-145	-188	-69	-301	-87	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-212	13	365	-12	-	-	-	-
Amortization of CDI
102	101	113	120	110	109	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	3	29	29	29	29	32	33	32	33	37	37	37	37	42	42	41	42
Earned ESOP shares
-	0	-	-	-	232	230	236	201	215	177	154	146	128	206	65	66	67	138	66	66	66	66	66	66	66	67	66	66	66	-	-	-	-	-	-	-	-
Earned ESOP shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	-	66	66	66
MRDP compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2	7	10	9	13	20	30	30	25	42	44	41	44
Stock option compensation expense
46	46	0	53	53	53	42	43	43	44	-115	77	109	85	76	39	38	37	38	33	28	28	28	29	25	22	12	13	13	11	4	4	5	2	2	2	2	1
Gain on sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	158	0	0	-79
Net recoveries on investment securities
-3	-103	-25	-14	-9	-11	-13	-19	-14	-22	-33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of investments in equity securities
16	-5	-	14	12	8	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option tax effect less excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option tax effect less excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of OREO and other repossessed assets, net
0	39	58	31	0	0	12	124	81	12	1	0	50	3	0	34	16	-3	1	-18	94	33	-16	294	-182	73	3	42	8	211	-83	4	-565	271	1,075	28	-541	-14
Provision for OREO losses
25	0	1	0	20	3	24	0	130	94	0	-34	67	9	41	93	141	160	154	85	361	44	114	116	275	100	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
735	953	560	519	289	386	466	435	471	521	501	561	406	689	551	443	393	394	512	514	348	236	299	240	172	302	453	579	833	642	750	567	1,715	-560	2,762	-247	-266	-701
Provision for OREO losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-375	-244	-439	-237	-429	57	-2,375	289	433	251
(Gain) loss on sales/disposition of premises and equipment, net
3	99	1	0	-8	0	-	-	-	-	-	-	-	-	-3	-1	0	-3	-3	299	0	0	-	-	-	-	424	-1	0	8	-	-	-	-	-19	0	-2	5
Loans originated for sale
27,138	32,959	21,947	19,663	11,947	16,932	16,421	15,648	15,415	15,193	15,191	14,501	18,390	21,914	16,001	17,048	13,830	10,475	15,191	17,603	13,472	8,224	9,143	7,757	5,377	9,043	13,770	19,602	29,894	24,063	25,961	23,428	65,887	-22,203	108,211	-8,817	-10,404	-25,045
Proceeds from sales of loans
-	34,563	-	-	-	16,115	17,423	17,743	15,312	15,906	15,616	17,337	15,006	24,199	17,833	14,190	13,943	12,616	16,487	16,534	12,763	8,164	10,044	7,828	5,211	10,262	14,745	21,535	28,976	24,096	28,543	21,226	23,891	23,697	-	-	-	-
Net OTTI on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-165	85	2	8	4	25	10	24	37	93	60	111	165	35	136
Gain on sale of investment securities available for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	45	-	0	-32	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of servicing rights
198	185	-	165	158	153	-	121	122	120	-	121	123	125	127	133	141	154	389	412	-192	232	969	-59	30	29	-	-	-	-	-	-	-	-	-	-	-	-
Valuation adjustment on servicing rights
-1	24	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-221	-254	134	82	-142	-84	-	-	-	-
BOLI net earnings
-	147	-	-	-	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MSRs valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-634
BOLI net earnings
-	-	-	-	-	-	-	-	-	136	139	133	136	137	141	137	137	136	137	133	132	136	138	134	143	115	146	144	144	143	150	146	468	-157	878	-121	-118	-122
(Decrease) increase in deferred loan origination fees
140	-36	40	18	19	-238	-168	46	-11	-38	-157	-58	-67	45	4	-185	135	10	-124	-176	-53	-94	-59	20	61	-58	-212	29	68	175	-1	95	144	-58	528	-72	-86	-83
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses
1,175	-1,632	-	-1,773	2,561	-1,447	-	-1,654	1,510	-1,301	-	-250	1,342	-760	-	-363	1,264	-750	-	158	520	-1,044	-	-434	131	-256	-	-761	629	-1,195	-	-1,396	311	463	-	-	-	874
Proceeds from sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,467	11,354	26,863
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,272	-349	656	-336	1,144	21	-238	-160	1,806	280	167	-14	1,961	-139	425	-109
Net cash provided by operating activities
5,821	9,375	543	7,864	2,927	6,774	4,908	8,126	2,658	5,758	3,128	6,354	-1,601	5,978	4,595	284	1,293	5,645	3,137	1,125	303	3,060	2,390	1,615	1,771	2,847	3,956	5,199	245	2,172	6,575	1,638	3,418	3,757	1,980	2,244	2,468	4,007
Cash flows from investing activities
Net (increase) decrease in CDs held for investment
6,223	-2,097	-2,838	15,447	-93	-433	158	10,194	-590	10,494	1,847	-11,747	-498	432	565	-89	1,659	2,254	1,558	5,185	3,871	2,152	3,509	951	-1,043	2,386	3,293	692	-695	3,262	709	2,601	2,672	-1,151	652	-657	1,071	-454
Proceeds from sale of investment securities available for sale
0	0	0	0	0	2,332	0	0	0	0	-	-	-	-	-	-	-	-	-1	0	0	1,220	0	0	856	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities held to maturity
0	9,755	-	3,181	10,048	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities available for sale
5,019	16,502	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and prepayments of investment securities held to maturity
2,466	1,946	6,518	4,024	662	580	141	147	255	11	222	121	130	136	101	150	114	124	145	121	119	124	159	145	137	142	183	189	158	159	177	210	180	184	153	200	245	252
Proceeds from maturities and prepayments of investment securities available for sale
1,374	892	506	122	140	644	13	9	-107	126	19	19	16	14	16	10	14	13	18	65	21	138	67	76	37	175	225	219	213	234	213	212	239	378	995	267	349	632
Proceeds from sales of MBS and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	2,271
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	-53	-52	-50	-51	-50	-51	-51	-51	-	-	-	-	-	-	-	-
Increase in loans receivable, net
-3,741	26,579	12,654	611	15,894	10,377	8,235	8,871	3,311	15,105	3,390	10,593	6,979	5,994	15,760	24,947	-1,748	20,253	8,602	13,459	10,240	7,715	8,735	2,954	186	11,694	2,358	2,600	4,232	6,629	10,184	2,768	9,917	-9	13,633	-81	-3,602	207
Additions to premises and equipment
856	339	111	680	376	984	799	781	407	199	277	755	524	1,970	268	195	99	78	116	172	186	226	168	424	168	429	335	199	375	393	419	307	907	-197	1,359	-119	-113	-112
Proceeds from sales of premises and equipment
3	304	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	753	-1	0	8	-	-	-	-	-	-	-	-
Cash acquired, net of cash consideration paid in business combination
0	0	0	0	0	14,284	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposit for business combination
0	0	-	0	0	6,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized improvements to OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	142,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized improvements to OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of OREO and other repossessed assets
11	63	295	318	0	0	187	394	617	495	144	78	455	902	588	884	2,160	166	161	627	654	935	1,967	2,136	833	2,129	935	1,008	847	806	1,508	349	464	234	1,298	1,106	1,407	370
Net used in investing activities
-4,988	-47,873	-22,435	-10,459	-25,465	13,812	-20,713	-19,379	-3,011	-25,166	-5,129	-1,183	-6,507	-7,344	-15,288	-24,009	2,173	-22,424	-9,956	-18,090	-13,447	-7,621	-10,166	-1,883	-401	-12,012	-3,840	-2,025	-2,643	-9,026	-9,364	-4,905	-9,156	-561	-7,478	716	-642	3,166
Cash flows from financing activities
Net increase in deposits
41,171	16,250	-4,308	941	36,417	-5,867	8,779	316	4,337	38,176	19,080	9,966	18,877	28,441	46,153	3,343	14,268	18,858	24,194	11,445	25,287	2,870	16,484	-5,742	2,891	-6,779	12,198	-5,521	7,186	-3,527	7,560	-14,230	15,421	-3,503	3,180	-7,665	19,769	-1,475
ESOP tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	29	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	0	0	-20,000
Net decrease in repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-549	-76	-230	29	-122	410	-191	131	3	-47	20
ESOP tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-18	-18	-19	-9	-8	-4	-2	8	12	14	59	-20	108	8	-22	-33
Proceeds from exercise of stock options
204	170	61	57	212	71	26	58	173	61	67	72	113	80	31	42	44	42	1	5	0	24	7	0	5	11	-	-	-	-	-	-	-	-	-	-	-	-
Stock option excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,065	0	0	4,321	0	-	-	-	-	-	-	-	-
Payment of dividends
1,673	2,086	1,252	2,084	1,248	1,911	962	1,700	959	810	1,398	809	808	626	625	555	560	838	495	423	423	352	352	282	282	269	363	363	441	201	-	-	-	-	-	-	-	-
Net cash provided by financing activities
48,464	14,334	-5,928	-1,156	35,381	-7,707	7,843	-1,326	3,551	37,427	17,749	-20,771	20,678	27,895	30,461	2,869	12,963	18,090	22,935	11,045	24,882	2,562	16,163	-6,006	2,633	-19,093	11,835	-6,429	2,350	-3,966	6,469	-15,366	5,812	-3,714	3,260	-7,654	19,700	-21,488
Net (decrease) increase in cash and cash equivalents
-	-24,164	-	-	-	12,879	-7,962	-12,579	3,198	18,019	15,748	-15,600	12,570	26,529	19,768	-20,856	16,429	1,311	16,116	-5,920	11,738	-1,999	8,387	-6,274	4,003	-28,258	11,951	-3,255	-48	-10,820	3,680	-18,633	74	-518	-2,238	-4,694	21,526	-14,315
Supplemental disclosure of cash flow information
Income taxes paid
-	-	-	-	-	-	2,254	0	2,208	0	2,220	2,218	2,958	200	962	1,170	2,280	0	1,033	1,070	1,110	450	780	973	635	500	0	0	1,793	0	-	-	-	-	0	960	1,000	137
Interest paid
1,245	1,171	1,210	1,194	1,152	901	775	696	659	584	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	1,010	857	834	-	986	967	971	982	980	969	968	974	972	987	1,028	1,069	1,098	1,136	1,220	1,319	1,380	1,638	1,752	1,939	2,048	2,180	2,558
Supplemental disclosure of non-cash investing activities
Loans transferred to OREO and other repossessed assets
0	0	202	0	0	91	0	161	0	163	27	456	223	45	-16	247	76	0	552	927	567	74	490	499	2,247	2,919	456	1,467	3,111	1,341	-	-	-	-	-	-	-	-
Other comprehensive (loss) income related to investment securities
-33	-196	83	12	100	-79	5	-2	4	-12	38	16	11	-14	98	13	29	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination (see Note 2)
Loans originated to facilitate the sale of OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,960	78	96	574	-	-	-	-	-	-	-	-
Loans transferred to OREO and other repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	669	-	2,279	365	1,700
Loans originated to facilitate the sale of OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,204	-	-	-	-