TIMBERLAND BANCORP INC, TSBK Cash Flow

Timberland bancorp inc, (TSBK)

CashFlow / TTM

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
23,992	25,057	24,020	22,107	20,567	18,722	16,721	15,914	15,775	14,634	14,167	13,251	11,521	10,773	10,154	10,410	10,022	9,093	8,292	6,983	6,258	5,966	5,850	5,098	4,541	4,660	4,757	5,015	5,486	5,015	4,590	3,365	737	1,013	1,089	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	2,925	3,660	3,175	3,050	3,500	4,358	6,858	6,508	6,758	0	0	0
Depreciation
1,562	1,590	1,604	1,582	1,459	1,370	1,290	1,256	1,243	1,259	1,262	1,276	1,295	1,301	1,328	1,340	1,360	1,365	1,356	1,372	1,337	1,296	1,244	1,171	1,143	1,122	1,095	1,066	1,008	958	940	933	953	973	992	0	0	0
Accretion of discount on purchased loans
-510	-703	-645	-457	-388	-87	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154	0	0	0	-	-	-	-
Amortization of CDI
436	444	452	339	219	109	0	0	0	0	-	-	-	-	-	-	-	-	3	32	61	90	116	119	123	126	130	135	139	144	148	153	158	162	167	0	0	0
Earned ESOP shares
-	209	-	-	-	899	882	829	747	692	605	634	545	465	404	336	337	337	336	264	264	264	264	265	265	265	265	0	0	0	-	-	-	-	-	-	-	-
Earned ESOP shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
MRDP compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	9	19	28	39	52	72	93	105	127	141	152	171	0	0	0
Stock option compensation expense
145	152	159	201	191	181	172	15	49	115	156	347	309	238	190	152	146	136	127	117	113	110	104	88	72	60	49	41	32	24	15	13	11	8	7	0	0	0
Gain on sales of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	0	0	0
Net recoveries on investment securities
-145	-151	-59	-47	-52	-57	-68	-88	-69	-55	-33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of investments in equity securities
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option tax effect less excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option tax effect less excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of OREO and other repossessed assets, net
128	128	89	43	136	217	229	218	94	63	54	53	87	53	47	48	-4	74	110	93	405	129	169	188	-64	126	264	178	140	-433	-373	785	809	833	548	0	0	0
Provision for OREO losses
26	21	24	47	47	157	248	224	190	127	42	83	210	284	435	548	540	760	644	604	635	549	605	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
2,767	2,321	1,754	1,660	1,576	1,758	1,893	1,928	2,054	1,989	2,157	2,207	2,089	2,076	1,781	1,742	1,813	1,768	1,610	1,397	1,123	947	1,013	1,167	1,506	2,167	2,507	2,804	2,792	3,674	2,472	4,484	3,670	1,689	1,548	0	0	0
Provision for OREO losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,295	-1,349	-1,048	-2,984	-2,458	-1,596	-1,402	0	0	0
(Gain) loss on sales/disposition of premises and equipment, net
103	92	-7	0	0	0	-	-	-	-	-	-	-	-	-7	-7	293	293	296	0	0	0	-	-	-	-	431	0	0	0	-	-	-	-	-16	0	0	0
Loans originated for sale
101,707	86,516	70,489	64,963	60,948	64,416	62,677	61,447	60,300	63,275	69,996	70,806	73,353	68,793	57,354	56,544	57,099	56,741	54,490	48,442	38,596	30,501	31,320	35,947	47,792	72,309	87,329	99,520	103,346	139,339	93,073	175,323	143,078	66,787	63,945	0	0	0
Proceeds from sales of loans
-	86,405	-	-	-	66,593	66,384	64,577	64,171	63,865	72,158	74,375	71,228	70,165	58,582	57,236	59,580	58,400	53,948	47,505	38,799	31,247	33,345	38,046	51,753	75,518	89,352	103,150	102,841	97,756	97,357	0	0	0	-	-	-	-
Net OTTI on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59	-70	99	39	47	63	96	164	214	301	429	371	447	0	0	0
Gain on sale of investment securities available for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of servicing rights
0	0	-	0	0	0	-	0	0	482	-	496	508	526	555	817	1,096	763	841	1,421	950	1,172	969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Valuation adjustment on servicing rights
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-475	-341	-259	-180	-10	0	0	0	-	-	-	-
BOLI net earnings
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MSRs valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
BOLI net earnings
-	-	-	-	-	-	-	-	-	544	545	547	551	552	551	547	543	538	538	539	540	551	530	538	548	549	577	581	583	907	607	1,335	1,068	482	517	0	0	0
(Decrease) increase in deferred loan origination fees
162	41	-161	-369	-341	-371	-171	-160	-264	-320	-237	-76	-203	-1	-36	-164	-155	-343	-447	-382	-186	-72	-36	-189	-180	-173	60	271	337	413	180	709	542	312	287	0	0	0
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses
0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	0
Proceeds from sale of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,301	1,115	1,485	591	767	1,429	1,688	2,093	2,239	2,394	1,975	2,233	2,138	0	0	0
Net cash provided by operating activities
23,603	20,709	18,108	22,473	22,735	22,466	21,450	19,670	17,898	13,639	13,859	15,326	9,256	12,150	11,817	10,359	11,200	10,210	7,625	6,878	7,368	8,836	8,623	10,189	13,773	12,247	11,572	14,191	10,630	13,803	15,388	10,793	11,399	10,449	10,699	0	0	0
Cash flows from investing activities
Net (increase) decrease in CDs held for investment
16,735	10,419	12,083	15,079	9,826	9,329	20,256	21,945	4	96	-9,966	-11,248	410	2,567	4,389	5,382	10,656	12,868	12,766	14,717	10,483	5,569	5,803	5,587	5,328	5,676	6,552	3,968	5,877	9,244	4,831	4,774	1,516	-85	612	0	0	0
Proceeds from sale of investment securities available for sale
0	0	2,332	2,332	2,332	2,332	0	0	0	0	-	-	-	-	-	-	-	-	1,219	1,220	1,220	2,076	856	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities held to maturity
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities available for sale
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities and prepayments of investment securities held to maturity
14,954	13,150	11,784	5,407	1,530	1,123	554	635	609	484	609	488	517	501	489	533	504	509	509	523	547	565	583	607	651	672	689	683	704	726	751	727	717	782	850	0	0	0
Proceeds from maturities and prepayments of investment securities available for sale
2,894	1,660	1,412	919	806	559	41	47	57	180	68	65	56	54	53	55	110	117	242	291	302	318	355	513	656	832	891	879	872	898	1,042	1,824	1,879	1,989	2,243	0	0	0
Proceeds from sales of MBS and other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-210	-206	-203	-202	-203	-203	0	0	0	-	-	-	-	-	-	-	-
Increase in loans receivable, net
36,103	55,738	39,536	35,117	43,377	30,794	35,522	30,677	32,399	36,067	26,956	39,326	53,680	44,953	59,212	52,054	40,566	52,554	40,016	40,149	29,644	19,590	23,569	17,192	16,838	20,884	15,819	23,645	23,813	29,498	22,860	26,309	23,460	9,941	10,157	0	0	0
Additions to premises and equipment
1,986	1,506	2,151	2,839	2,940	2,971	2,186	1,664	1,638	1,755	3,526	3,517	2,957	2,532	640	488	465	552	700	752	1,004	986	1,189	1,356	1,131	1,338	1,302	1,386	1,494	2,026	1,436	2,376	1,950	930	1,015	0	0	0
Proceeds from sales of premises and equipment
307	304	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	760	0	0	0	-	-	-	-	-	-	-	-
Cash acquired, net of cash consideration paid in business combination
0	0	14,284	14,284	14,284	14,284	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Escrow deposit for business combination
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
687	676	613	505	581	1,198	1,693	1,650	1,334	1,172	1,579	2,023	2,829	4,534	3,798	3,371	3,114	1,608	2,377	4,183	5,692	5,871	7,065	6,033	4,905	4,919	3,596	4,169	3,510	3,127	2,555	2,345	3,102	4,045	4,181	0	0	0
Net used in investing activities
-85,755	-106,232	-44,547	-42,825	-51,745	-29,291	-68,269	-52,685	-34,489	-37,985	-20,163	-30,322	-53,148	-44,468	-59,548	-54,216	-48,297	-63,917	-49,114	-49,324	-33,117	-20,071	-24,462	-18,136	-18,278	-20,520	-17,534	-23,058	-25,938	-32,451	-23,986	-22,100	-16,479	-7,965	-4,238	0	0	0
Cash flows from financing activities
Net increase in deposits
54,054	49,300	27,183	40,270	39,645	7,565	51,608	61,909	71,559	86,099	76,364	103,437	96,814	92,205	82,622	60,663	68,765	79,784	63,796	56,086	38,899	16,503	6,854	2,568	2,789	7,084	10,336	5,698	-3,011	5,224	5,248	868	7,433	11,781	13,809	0	0	0
ESOP tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	0	0	0
Net decrease in repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-855	-826	-399	87	126	228	353	-104	107	0	0	0
ESOP tax effect
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-37	-64	-54	-40	-23	-6	14	32	93	65	161	155	74	61	0	0	0
Proceeds from exercise of stock options
492	500	401	366	367	328	318	359	373	313	332	296	266	197	159	129	92	48	30	36	31	36	23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock option excess tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,065	12,065	12,065	16,386	4,321	0	0	0	-	-	-	-	-	-	-	-
Payment of dividends
7,095	6,670	6,495	6,205	5,821	5,532	4,431	4,867	3,976	3,825	3,641	2,868	2,614	2,366	2,578	2,448	2,316	2,179	1,693	1,550	1,409	1,268	1,185	1,196	1,277	1,436	1,368	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by financing activities
55,714	42,631	20,590	34,361	34,191	2,361	47,495	57,401	37,956	55,083	45,551	58,263	81,903	74,188	64,383	56,857	65,033	76,952	61,424	54,652	37,601	15,352	-6,303	-10,631	-11,054	-11,337	3,790	-1,576	-10,513	-7,051	-6,799	-10,008	-2,296	11,592	-6,182	0	0	0
Net (decrease) increase in cash and cash equivalents
-	-42,892	-	-	-	-4,464	676	24,386	21,365	30,737	39,247	43,267	38,011	41,870	16,652	13,000	27,936	23,245	19,935	12,206	11,852	4,117	-22,142	-18,578	-15,559	-19,610	-2,172	-10,443	-25,821	-25,699	-15,397	-21,315	-7,376	14,076	279	0	0	0
Supplemental disclosure of cash flow information
Income taxes paid
-	-	-	-	-	-	4,462	4,428	6,646	7,396	7,596	6,338	5,290	4,612	4,412	4,483	4,383	3,213	3,663	3,410	3,313	2,838	2,888	2,108	1,135	2,293	1,793	0	0	0	-	-	-	-	2,097	0	0	0
Interest paid
4,820	4,727	4,457	4,022	3,524	3,031	2,714	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	0	0	3,839	-	3,906	3,900	3,902	3,899	3,891	3,883	3,901	3,961	4,056	4,182	4,331	4,523	4,773	5,055	5,557	6,089	6,709	7,377	7,919	8,725	0	0	0
Supplemental disclosure of non-cash investing activities
Loans transferred to OREO and other repossessed assets
202	202	293	91	252	252	324	351	646	869	751	708	499	352	307	875	1,555	2,046	2,120	2,058	1,630	3,310	6,155	6,121	7,089	7,953	6,375	0	0	0	-	-	-	-	-	-	-	-
Other comprehensive (loss) income related to investment securities
-134	-1	116	38	24	-72	-5	28	46	53	51	111	108	126	138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination (see Note 2)
Loans originated to facilitate the sale of OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,708	0	0	0	-	-	-	-	-	-	-	-
Loans transferred to OREO and other repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Loans originated to facilitate the sale of OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-