United Financial Bancorp, Inc. UBNK Cash Flow

United financial bancorp, inc. (UBNK)

CashFlow / Quarterly

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
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
-3,248	12,657	12,165	16,308	15,646	15,787	9,501	15,191	16,200	13,726	14,550	14,159	9,058	11,894	9,902	13,381	13,332	13,025	1,421	9,985	-5,571	947	1,757	4,620	3,299	4,551	4,325	4,668	2,949	3,855	3,988	4,083	43	-1,022
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and discounts on investments, net
-777	-1,767	-949	-927	-952	-1,205	-1,007	-1,006	-1,059	-994	-1,247	-1,407	-1,472	-1,284	-1,107	-1,316	-1,651	-967	-918	-851	-577	-334	-76	-105	-130	-160	-141	-139	-104	-86	-	-	-	-
Amortization of intangible assets and purchase accounting marks, net
-727	-533	-750	-480	-376	-305	-239	-399	-245	-409	13	-9	-447	1,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of intangible assets and purchase accounting marks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,946	-	-3,348	-4,620	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of subordinated debt issuance costs
0	32	31	32	31	32	31	32	31	32	31	32	31	32	31	32	31	32	31	3	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
489	580	321	743	699	718	647	566	789	697	709	520	523	500	387	163	259	267	349	274	2,831	503	536	477	877	775	744	905	1,227	100	96	146	271	112
ESOP expense
78	86	89	98	96	95	104	99	96	101	92	76	74	66	77	75	73	74	446	408	433	440	438	424	422	416	418	382	367	362	-	-	-	-
Tax benefit from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-189	-359	-1	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of ESOP expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	312	320	323
Provision for loan losses
2,472	2,043	2,618	2,007	2,350	1,939	2,250	2,566	2,292	2,288	3,359	3,766	3,624	2,688	3,780	3,252	4,462	1,511	4,333	2,633	2,080	450	720	532	403	391	909	793	1,181	704	761	754	754	752
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	0	0	0	-1,454	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax effects of share-based awards
-	-	-	-	-	-	-	-	-	-	229	151	143	-37	-24	-475	-199	381	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of securities, net
-	737	-	-	-	116	72	158	95	457	94	48	367	1,452	300	-59	360	338	-59	430	589	268	0	29	329	227	579	214	118	3	-	-	-	-
Net realized (gain) loss on marketable equity securities
-8	53	-	20	23	-24	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses on equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29
Loans originated for sale
44,989	27,364	100,503	100,861	121,702	49,220	91,222	84,815	131,818	76,340	66,822	151,814	116,365	87,182	116,165	108,810	109,143	72,842	41,756	42,379	40,250	20,739	-24,710	70,074	53,278	45,955	45,149	62,492	1,526	17,533	34,897	17,349	-374	4,971
Principal balance of loans sold
22,352	89,980	108,663	99,371	99,638	99,899	66,568	152,883	61,362	51,826	87,626	99,051	93,367	89,758	119,540	117,955	99,489	68,060	37,485	56,344	25,118	18,379	11,060	24,439	67,208	46,760	46,977	60,387	403	18,058	57,687	-5,441	0	4,977
Decrease (increase) in mortgage servicing asset
2,027	48	-339	-721	-346	-1,600	-582	-979	112	-180	-3,008	-507	-318	803	-1,079	-1	-1,073	-192	-177	-273	312	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sales of other real estate owned
-33	26	118	95	65	13	113	189	80	27	-15	2	126	8	52	-2	213	-45	200	38	139	32	-4	-12	-89	20	-20	-9	-65	10	186	0	-61	-32
Net change in mortgage banking fair value adjustments
592	-11	-692	335	344	-1,488	-1,033	-803	2,513	626	-2,283	1,388	315	441	-875	-4,525	4,748	613	-130	-1,305	1,236	555	-	-	-	-	-	-	-	-	-	-	-	-
Net gain from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,736	1,001	2,060	1,334	2,514	44	525	-	-	-	-
Loss on disposal of equipment
-73	-29	0	0	0	-68	-407	0	62	-20	-10	-184	-1	17	2	-25	-124	-44	-1,210	0	0	0	-	-	-	-	-	-	-	-	0	0	-108	-2
Write-downs of other real estate owned
37	21	0	144	117	101	82	111	199	32	122	0	4	0	0	0	61	57	79	0	56	78	116	25	60	86	0	0	0	183	-	-	-	-
Depreciation and amortization of premises and equipment
2,101	2,104	2,657	1,944	1,906	1,863	1,713	1,414	1,401	1,391	1,408	1,403	1,354	1,351	1,343	1,354	1,336	1,307	1,225	1,079	865	593	512	501	950	420	393	343	324	319	321	324	332	340
Net loss on limited partnership investments
-7,898	-603	-405	-221	-960	-590	-1,441	-864	-638	-80	-705	-850	-1,504	-936	-799	-991	-916	-430	-2,048	-2,176	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-1,000	1,057	-1,202	-334	-728	-200	6,569	-4,408	8,787	1,390	-850	-1,848	-2,409	755	135	-859	2,270	2,036	1,730	-173	5,943	-139	945	66	-2,645	2,044	-1,140	-501	-57	-160	-788	-37	5,107	-383
Increase in cash surrender value of bank-owned life insurance
1,521	1,525	1,517	1,460	1,462	1,420	1,141	1,167	1,149	1,199	863	829	814	818	840	893	830	834	897	873	750	522	514	544	524	510	563	527	524	306	292	142	97	92
Income recognized from death benefits on bank-owned life insurance
0	421	0	0	209	226	798	0	0	8	0	70	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use asset depreciation
1,296	1,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of lease liabilities
1,068	1,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease incentives received
0	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in:
Deferred loan fees and premiums
64	115	1,183	1,101	778	-70	-503	-116	2,140	1,637	1,423	810	1,791	594	773	687	929	624	671	171	323	438	86	607	456	483	367	116	-83	-124	-119	10	106	96
Accrued interest receivable
-123	238	-662	2,276	876	1	1,439	1,142	625	355	883	1,253	-287	1,182	263	700	-181	746	-500	984	1,536	217	-173	-153	587	583	-659	451	446	535	5	-494	-92	494
Prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-235	-236	-229	-	-330	1,418	-473
Other assets
22,733	7,742	1,331	5,826	8,639	3,061	-3,117	-5,442	16,661	6,425	-37,066	-5,963	5,846	41,510	-662	9,223	1,063	6,548	14,867	8,291	10,150	-65	2,336	-4,485	7,701	-1,212	-4,629	1,820	2,847	-846	-5,658	-2,851	8,062	-68
Accrued expenses and other liabilities
20,720	-5,128	7,660	4,332	5,720	1,445	-4,431	5,153	202	-58	-29,476	-1,064	10,452	15,893	-1,365	12,184	-2,460	1,278	8,994	2,791	245	-3,478	-11,283	11,693	7,663	-7,127	-285	4,920	1,744	-1,436	-2,773	10,383	1,454	-11,589
Net cash provided by operating activities
-14,141	68,563	31,525	13,636	-6,743	69,772	-4,586	93,787	-61,730	-14,326	45,562	-32,364	-6,296	-7,215	15,608	31,586	507	3,069	1,076	20,700	-26,775	-4,600	37,712	-28,000	14,580	-150	7,925	6,215	2,586	4,358	13,282	10,838	3,797	-11,539
Cash flows from investing activities:
Proceeds from sales of available-for-sale securities
77,694	256,198	1,108	1	-24	58,676	101,291	29,564	53,854	130,630	26,710	39,816	93,484	108,152	85,229	52,137	26,913	116,285	202,441	66,526	231,258	10,819	0	11,323	5,260	28,297	8,078	9,487	8,736	2,984	-	-	-	-
Proceeds from calls and maturities of available-for-sale securities
21,855	4,425	5,445	9,725	7,815	18,250	15,430	22,019	33,351	31,489	14,585	5,163	7,328	0	0	500	1,751	14,404	6,177	4,443	7,600	3,000	-	-	-	-	7,400	0	5,000	2,400	-	-	-	-
Principal payments on available-for-sale securities
17,010	13,809	13,980	16,686	15,257	18,412	19,440	21,909	18,398	16,927	29,280	27,264	23,644	15,302	18,851	19,143	28,813	19,321	16,950	21,628	15,044	7,803	5,679	5,984	6,386	8,813	8,939	8,895	7,658	7,901	6,884	5,170	3,819	4,800
Principal payments on held to maturity securities
-	-	-	-	-	-	85	89	136	92	116	119	137	124	144	269	204	157	182	198	197	206	311	512	722	828	863	767	923	915	959	834	938	1,442
Purchases of available-for-sale securities
95,721	137,810	15,217	0	4,897	80,660	125,297	68,083	99,226	209,197	96,996	47,194	95,761	145,435	90,541	85,589	40,938	181,726	263,307	157,579	407,705	57,019	36,418	38,571	59,820	110,800	20,229	39,968	46,726	58,150	46,290	4,985	51,202	4,850
Purchases of held to maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,214	1,128	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of FHLBB and other restricted stock
-	-5,635	-	-	-	-2,634	-	-8,002	0	-2,512	-	-3,392	0	0	-	-	-	-	-	-	-	-	-	0	0	-814	-	0	0	-1,140	-	-	-	-
Purchase of FHLBB stock
0	1,930	3,912	771	1,145	2,335	4,145	0	2,053	126	629	250	0	4,793	10,382	3,753	3,055	2,056	1,860	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
333	267	560	597	806	829	1,094	714	421	340	921	1	727	509	451	27	1,521	684	510	931	2,092	336	752	989	1,545	756	476	279	784	574	1	0	507	426
Proceeds from portfolio loan sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,972	45,743	0	18,000	-	-	-	-	-	-	-	-
Purchases of loans
116,031	53,383	68,648	61,304	83,343	61,570	86,300	101,321	55,080	16,955	84,139	27,435	39,273	25,454	336,827	5,900	2,193	3,255	8,012	3,697	1,076	3,525	4,354	3,661	2,989	3,138	-	-	-	-	-	-	-	-
Loan originations, net of principal repayments
-91,019	23,805	61,056	-6,342	11,591	-15,906	51,489	54,108	54,070	27,290	101,161	-35,880	44,099	10,437	68,524	131,154	164,453	2,364	99,227	97,974	64,968	40,749	104,137	31,494	51,242	-16,323	55,050	-13,673	49,846	40,201	15,749	15,782	13,934	7,665
Proceeds from bank-owned life insurance death benefits
0	854	0	0	714	368	1,880	12	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of bank-owned life insurance
0	0	10,000	0	0	30,000	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,000	-	-	-	-
Proceeds from redemption of bank-owned life insurance
0	0	-26,292	0	0	26,292	33,075	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
616	928	1,425	1,957	1,916	2,061	8,912	8,011	5,018	1,190	1,586	916	700	263	407	160	1,617	1,409	2,683	6,532	2,188	1,316	2,412	1,126	2,054	1,516	1,517	1,977	1,578	899	323	1,317	231	171
Proceeds from sales of equipment
-	-	-	-	-	-	-	0	483	224	-	16	0	1	-	0	192	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-1,090	63,332	-141,039	-25,208	-74,018	-35,259	-139,520	-149,214	-108,804	-72,544	-252,230	36,545	-54,513	-62,294	-400,676	-154,480	-152,862	-39,959	-148,502	-171,727	-193,582	-81,573	-133,615	-20,394	-106,192	-41,623	-53,619	-9,952	-75,046	-108,336	-42,061	-16,194	-38,113	-6,018
Cash flows from financing activities:
Net increase (decrease) in non-interest-bearing deposits
65,957	-21,816	40,575	-11,772	17,407	-25,001	53,446	3,213	31,401	-17,534	20,185	14,241	-5,230	21,136	49,473	12,256	12,122	-4,202	-57,500	9,930	41,661	8,459	6,836	11,629	21,767	-12,547	15,399	2,601	24,659	-10,151	60,266	-14,774	8,163	-6,290
Net increase in interest-bearing deposits
-3,661	15,469	129,680	118,819	93,520	109,351	-8,103	156,525	171,913	96,916	-4,226	226,248	-73,116	76,197	125,071	69,305	13,859	127,085	65,085	42,391	185,535	64,789	36,297	93,302	18,493	54,748	12,151	18,855	159,752	-45,352	135,228	-5,919	-26,302	-33,181
Net increase in mortgagors’ and investors’ escrow accounts
-3,031	-6,825	4,912	4,929	-3,430	-3,551	2,096	2,022	4,120	-2,429	4,653	-4,995	4,344	-3,830	5,418	-7,060	6,353	-4,189	6,355	-5,334	6,057	-2,474	2,707	-3,395	2,963	-2,709	3,412	-3,192	3,339	-2,635	2,746	-3,312	2,923	-2,636
Net decrease in short-term FHLBB advances
-85,000	-75,000	-15,500	-112,000	41,000	-132,000	91,500	-39,000	-43,000	-62,000	70,000	-113,200	130,000	-45,000	30,800	24,200	78,000	-45,000	-	-	-	-	-	-	-	-	1,000	0	0	60,000	-	-	-	-
Repayments of long-term FHLBB borrowings and penalty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-274,052	202,017	51,017	21,018	-7,017	7,006	7	4	29,005	22,005	12,326	10,005
Repayments of long-term FHLBB advances
-	-	-	-	-	-	-	-	-	-	0	0	0	37,796	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term FHLBB advances
-	144	-	-	-	385	-	381	379	378	-	8,680	910	1,024	-	2,331	2,325	2,321	-	2,773	12,448	18	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term FHLBB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,549	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term FHLBB advances
-	15,000	-	-	-	0	-	0	70,000	25,000	-	0	45,000	60,000	-	51,800	55,000	10,000	-	-59,888	49,888	10,000	-	122,000	141,000	41,000	-	-	-	-	-	-	-	-
Net change in other borrowings
443	-9,070	-	-2,893	-342	-1,877	-	-30,404	-22,551	48,152	-	2,997	-24,554	-3,204	-	-5,335	-11,588	-32,225	-	40,783	-5,627	-4,650	-	4,193	28,698	-9,699	-	-	-	-	-	-	-	-
Principal payments on finance leases
67	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
384	468	510	302	1,255	180	914	773	397	376	1,811	1,936	1,452	1,076	2,155	265	1,770	575	1,023	294	847	82	-	-	-	-	-	-	-	-	-	-	-	-
Common stock repurchased
0	0	3,606	0	0	1,551	0	0	0	1,312	0	0	0	0	0	0	-523	5,694	43,919	2,722	1,131	0	1,465	3,756	22,480	2,327	5,875	328	7,797	7,626	-	-	-	-
Common stock purchase for ESOP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,071
Cancellation of shares for tax withholding
13	278	497	2	17	85	465	143	90	107	237	42	19	29	60	6	61	184	53	6	1,292	16	-53	384	0	26	12	232	0	32	11	35	4	43
Tax effects of share-based awards
-	-	-	-	-	-	-	-	-	-	229	151	69	37	-24	-475	-199	381	271	189	359	1	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock offering, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-168,044
Cash dividend paid on common stock
6,127	6,075	5,882	6,134	6,119	6,122	5,841	6,086	6,086	6,098	5,788	6,032	6,020	5,996	5,677	5,940	5,935	4,927	4,880	5,278	5,261	2,589	2,252	2,627	2,764	2,810	6,869	2,570	2,576	2,361	1,968	1,918	1,919	1,225
Reissuance of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	18	-9	-	-	-	-	-	-	-	-
Fractional shares distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22
Net cash (used in) provided by financing activities
-25,196	-74,686	128,883	-19,008	120,694	-53,939	134,257	79,093	160,725	80,586	83,366	112,624	71,016	61,567	381,934	136,679	147,519	39,299	149,393	146,586	277,137	73,584	86,667	19,442	117,492	64,001	42,644	8,212	66,498	102,845	965	-6,577	-114,616	186,513
Net increase in cash and cash equivalents
-40,427	57,209	19,369	-30,580	39,933	-19,426	-9,849	23,666	-9,809	-6,284	-123,302	116,805	10,207	-7,942	-3,134	13,785	-4,836	2,409	1,967	-4,441	56,780	-12,589	-9,236	-28,952	25,880	22,228	-3,050	4,475	-5,962	-1,133	-27,814	-11,933	-148,932	168,956
Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for:
Interest
27,248	25,349	24,167	21,149	19,543	15,446	15,928	13,282	13,417	10,385	12,004	10,024	11,872	9,809	10,775	8,053	10,357	7,347	7,051	8,463	3,561	2,749	2,870	2,563	2,562	2,470	2,677	2,615	2,812	2,756	3,367	3,817	5,633	5,350
Income taxes, net
1,410	783	559	141	734	401	-585	2,156	263	2,740	355	1,000	855	1,445	-25	540	-618	-6,641	0	3,184	410	5	300	-50	6,211	556	1,180	65	4,000	66	-3,286	1,850	2,900	200
Transfer of loans to other real estate owned
429	302	23	599	778	698	773	1,310	524	241	135	2,089	669	405	781	64	-4	258	321	327	181	1,510	266	544	1,724	563	724	822	187	485	3,118	0	0	184
Change in due to broker, investment purchases
-	0	-	-	-	6	-	0	0	-6	-	3,009	0	0	-	0	0	-1,105	-	-34	-8,760	2,901	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases
1,559	1,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows from finance leases
62	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of lease liabilities:
Finance Lease, Principal Payments
67	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for lease obligations
Operating leases
-1,206	44,377	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance leases
-90	4,356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in due to broker, common stock buyback
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-523	-472	995	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cancellation of Rockville Financial MHC, Inc. shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,685
Due to broker
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,720