Washington trust bancorp inc (WASH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

11,901

15,536

18,814

17,273

17,495

17,036

17,511

17,674

16,211

7,982

12,962

13,199

11,782

12,162

12,327

11,057

10,935

10,744

10,208

11,503

11,010

11,191

10,538

9,797

9,298

9,789

9,960

8,983

7,421

9,023

8,900

8,713

8,438

7,777

7,582

7,565

6,800

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses

7,036

0

400

525

650

800

350

400

0

200

1,300

700

400

2,900

1,800

450

500

750

200

100

0

500

600

450

300

400

700

700

600

600

600

600

900

1,000

1,000

1,200

1,500

Depreciation of premises and equipment

783

813

806

834

838

828

824

803

827

841

854

858

901

914

947

902

888

846

820

833

882

783

786

781

783

794

812

830

847

843

786

801

783

849

785

773

767

Foreclosed and repossessed property valuation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-52

-20

-52

-127

-52

-119

-250

0

-547

155

Net amortization of premium and discount on securities and loans

1,519

1,379

1,219

1,072

822

708

771

691

695

866

944

723

893

977

825

587

390

419

372

419

358

327

299

154

219

205

309

427

460

448

566

591

522

619

485

291

373

Amortization of Intangible Assets

230

229

236

239

239

239

245

247

248

213

253

257

277

318

321

322

323

333

260

156

155

155

161

164

164

164

170

173

173

173

182

186

187

246

230

237

238

Share-based compensation

758

829

792

763

740

625

658

650

669

705

674

591

607

556

525

517

592

434

484

576

580

447

472

470

491

499

498

298

581

558

528

464

412

357

357

353

327

Tax benefit from stock option exercises and other equity awards

-85

46

30

165

7

42

102

145

207

94

64

155

195

586

144

261

25

176

51

361

106

118

69

346

45

138

156

200

76

61

36

4

109

47

0

-13

81

Bank Owned Life Insurance Income

564

570

569

566

649

572

572

537

515

537

546

542

536

549

521

1,090

499

502

498

492

490

492

468

441

445

458

464

461

467

479

1,006

477

486

493

488

482

476

Net gain on sale of business line

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,265

0

0

0

0

-

-

-

-

-

-

-

-

Net gains on loan sales and commissions on loans originated for others, including fair value adjustments

6,013

3,583

4,751

3,524

2,474

1,799

2,485

2,786

2,679

2,987

2,952

2,783

2,269

4,455

3,744

2,804

2,134

2,530

1,963

2,748

2,585

2,114

1,742

1,707

1,239

1,551

3,883

3,485

4,166

4,476

3,504

3,015

3,097

2,935

1,077

537

525

Net gain on sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

135

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

501

0

226

-29

Net impairment losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

717

0

0

2,772

12

0

0

209

0

158

0

33

Net losses (gains) on interest rate swap contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

-

54

152

19

168

63

-4

28

12

-47

-35

76

Equity in (earnings) losses of unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

-89

-88

-

-69

-69

-86

-63

-63

-107

-43

-42

-47

-57

39

82

27

124

-37

220

-144

-145

-144

Proceeds from sales of loans

148,768

165,656

165,160

148,224

51,673

85,865

123,131

93,389

89,575

127,017

130,300

122,914

92,325

181,262

148,428

125,357

96,741

112,083

121,231

126,731

117,571

80,855

65,314

62,779

48,296

58,254

100,570

117,633

138,729

143,006

123,067

103,220

110,632

113,472

42,089

20,648

32,066

Loans originated for sale

166,408

145,040

167,388

166,383

46,864

82,529

108,182

108,973

79,212

123,490

123,843

127,796

86,133

163,204

152,064

138,184

79,498

117,341

113,143

115,677

116,502

89,616

76,949

73,214

46,159

55,818

82,060

116,923

114,244

150,739

145,708

101,142

97,682

104,447

55,208

66,854

-20,267

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

-

-

-333

0

0

-310

0

-939

16

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in operating lease right-of-use assets

694

709

674

75

673

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in operating lease liabilities

677

680

669

-23

666

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in other assets

57,060

-13,278

14,871

15,346

11,022

-13,447

4,126

5,804

10,973

-754

3,311

5,513

724

-23,703

1,525

9,223

11,971

6,848

-2,056

-458

-169

4,663

2,575

931

81

10,671

-7,146

-3,192

-2,050

420

4,459

3,090

18

3,681

1,414

-5,216

2,925

Increase (decrease) in other liabilities

56,292

-11,023

18,794

14,249

9,532

-9,999

7,441

5,332

6,483

-1,219

5,427

1,640

-530

-24,798

1,226

9,562

6,847

3,358

-787

-2,340

-1,948

3,141

2,809

825

-3,723

9,006

-4,523

1,699

-10,945

-2,042

4,643

3,556

-6,488

6,342

2,560

-2,785

-3,103

Net cash provided by (used in) operating activities

-2,826

36,061

18,677

-2,297

20,994

24,441

35,668

1,231

21,536

15,828

22,126

4,553

16,878

30,975

7,838

-2,181

23,117

4,061

19,325

19,588

9,286

2,424

-692

-506

1,422

13,785

29,235

13,023

23,773

-3,287

-15,378

9,692

14,440

18,747

-2,755

297

20,910

Cash flows from investing activities:
Purchases of mortgage-backed securities available for sale

70,924

106,535

0

10,153

62,109

78,672

35,248

20,962

40,657

53,981

0

14,965

20,248

183,441

185,724

31,442

31,055

43,157

1,525

0

0

-

-

-

-

25,359

65,533

0

1,036

0

0

0

0

20,856

3,497

41,180

49,675

Purchases of other investment securities available for sale

45,000

17,013

0

0

10,507

45,300

29,900

0

1,064

39,977

0

0

19,963

51,184

30,000

20,500

19,995

25,555

33,001

30,228

0

-

-

-

-

0

24,980

221

203

0

0

0

0

-

-

-

-

Proceeds from sale of other investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,106

0

5,945

36,838

Proceeds from sale of other available for sale debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

547

0

0

0

0

-

-

-

-

6,632

1,940

1,000

0

Maturities and principal payments of mortgage-backed securities available for sale

43,750

51,099

44,931

31,872

19,718

19,279

22,648

21,170

20,100

21,636

23,884

19,378

19,483

24,227

17,750

13,148

10,548

11,771

12,038

13,741

12,533

12,765

12,214

40,411

11,313

13,374

18,709

21,627

23,934

26,847

27,863

25,688

31,508

33,887

27,119

23,975

30,519

Maturities and principal payments of other investment securities available for sale

70,000

57,171

40,090

1,045

10,000

506

0

6,295

500

802

12,314

3,080

5,875

18,815

34,760

50,180

4,501

1,502

50,421

3,176

4,986

4,875

11,630

5,663

20,844

4,170

0

5,860

690

4,902

230

0

681

500

355

0

0

Maturities and principal payments of mortgage-backed held to maturity debt securities

-

-

-

-

-

426

526

537

540

667

669

743

871

1,164

1,021

1,073

935

1,067

1,320

1,436

1,137

1,197

1,271

1,017

960

1,289

2,425

2,951

3,328

3,039

3,296

2,317

2,525

1,383

106

0

0

Remittance (purchases) of Federal Home Loan Bank stock

2,723

5,823

-4,729

1,734

1,957

1,543

-1,756

5,154

610

-1,656

-2,467

926

585

5,880

2,946

7,788

2,199

-13,414

0

0

0

-

-

-

-

0

0

0

-2,688

0

0

0

-1,590

0

0

0

0

Net proceeds from the sale of business line

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,205

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds received and deferred in connection with sale of business line

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

145,740

62,367

41,406

-3,418

54,147

124,446

65,867

100,415

15,571

31,668

122,510

-24,526

-9,070

17,207

41,787

18,267

35,705

63,626

21,888

46,172

20,620

183,772

92,926

99,367

13,584

107,470

16,212

58,341

26,102

34,682

26,885

62,944

13,573

58,039

30,339

26,668

33,606

Purchases of loans

51,081

-

-

-

161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of portfolio loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

510

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of loans

-

-

-

-

-

30

74

156

1,520

19,541

737

0

0

36,382

60,101

16,981

98

208

717

1,304

856

1,054

977

3,154

2,934

1,542

1,881

3,780

3,442

5,462

1,960

1,769

1,278

5,932

629

1,406

1,710

Proceeds from the sale of property acquired through foreclosure or repossession

1,066

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

959

12

659

446

661

1,021

460

220

1,263

1,366

517

57

458

1,424

251

Payments to Acquire Property, Plant, and Equipment

628

364

797

316

1,655

1,654

645

864

811

595

937

514

733

504

792

639

1,177

2,259

876

1,118

1,226

1,911

634

1,390

1,291

313

341

410

427

597

1,060

1,801

1,652

1,407

998

526

713

Proceeds from surrender of bank-owned life insurance

0

0

0

0

326

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-201,280

-132,803

39,128

34,052

-100,492

-231,434

-106,755

-104,549

-39,093

-120,461

-84,550

31,535

-6,230

-250,392

-272,342

-28,908

-73,735

-106,108

4,498

-60,229

-4,046

-167,960

-146,336

-66,795

23,719

-115,095

-37,564

-31,293

-110

23,840

4,166

-22,987

20,318

-81,435

-22,594

-36,451

-18,096

Cash flows from financing activities:
Net increase (decrease) in deposits

207,432

-87,271

81,531

362

-19,788

109,700

92,737

65,177

13,727

85,626

135,892

-94,382

51,819

26,378

248,024

-90,301

-54,604

97,975

97,161

-44,024

28,325

15,930

152,791

-5,557

86,333

50,490

150,222

-15,032

7,010

77,972

104,206

-15,109

19,247

40,165

90,107

-52,804

12,517

Net increase (decrease) in other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-

598

-10

-1,003

983

-252

-338

-18,939

-1,200

-1,047

538

-1,892

Proceeds from Federal Home Loan Bank advances

879,000

648,000

312,000

490,000

532,000

577,500

327,500

620,000

515,000

352,501

342,500

482,500

175,000

447,500

341,250

367,500

272,500

147,500

25,000

203,000

120,000

343,499

25,000

180,000

54,000

0

0

104,000

100,000

154,249

110,000

227,501

135,429

180,500

85,897

204,500

43,578

Repayment of Federal Home Loan Bank advances

821,930

463,322

416,174

485,169

426,593

455,170

400,161

527,624

497,679

375,190

398,188

411,508

225,189

270,185

309,645

214,679

164,284

150,176

114,672

117,671

140,305

198,887

85,371

61,373

138,653

403

84,856

71,877

119,954

210,752

216,314

208,445

170,946

134,148

150,239

115,295

73,065

Treasury stock purchased

4,322

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration liability

-

-

-

-

-

0

0

0

1,217

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under dividend reinvestment plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

270

249

235

Net proceeds from stock option exercises and issuance of other equity awards

-377

553

-6

-390

116

43

-320

62

-456

172

28

-111

277

695

308

-101

75

617

360

-112

698

597

216

-120

496

394

2,615

117

555

6

244

70

937

160

0

-94

819

Cash dividends paid

8,883

8,867

8,866

8,303

8,153

7,456

7,510

7,607

6,739

6,733

6,560

6,635

6,372

6,346

6,174

6,314

5,803

5,794

5,742

5,853

5,381

5,372

4,865

4,974

4,511

4,335

4,145

4,185

3,963

3,956

3,789

3,784

3,604

3,602

3,598

3,591

3,414

Net cash provided by (used in) financing activities

250,920

89,093

-31,515

-3,500

77,582

224,617

12,246

150,008

22,636

56,376

73,672

-30,136

-4,465

198,042

273,763

56,105

47,884

89,604

2,158

35,701

3,443

155,885

87,840

108,333

-2,301

46,699

64,590

2,903

-17,279

18,563

-5,869

-101

-37,767

81,922

21,390

33,490

-21,141

Net increase (decrease) in cash and cash equivalents

46,814

-

-

-

-1,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

17,624

-58,841

46,690

5,079

-48,257

11,248

5,952

6,183

-21,375

9,259

25,016

-2,734

-12,443

25,981

-4,940

8,683

-9,651

-59,188

41,032

22,840

-54,611

56,261

-15,367

6,384

39,116

-17,081

-13,396

-3,009

19,234

-3,959

-2,664

-18,327

Noncash Investing and Financing Activities:
Loans charged off

635

132

966

819

103

298

96

103

690

1,047

694

642

79

2,622

2,055

860

1,475

904

725

355

321

311

148

267

1,223

703

770

4,175

374

534

424

696

681

920

818

1,044

1,052

Loans transferred to property acquired through foreclosure or repossession

28

0

2,000

0

0

0

0

0

3,074

0

0

166

410

30

0

435

610

715

0

261

230

302

643

595

421

398

23

0

1,050

-88

1,445

291

1,519

780

450

672

129

Operating lease right-of-use assets

0

0

0

0

28,923

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

0

0

0

0

30,853

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of debt securities transferred from held-to-maturity to available for sale

0

0

0

0

10,316

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Disclosures:
Interest Payments

14,479

17,328

16,827

16,259

14,082

12,689

11,020

9,529

8,047

8,175

7,401

7,126

6,985

6,174

5,626

5,481

4,986

5,257

5,515

5,716

5,459

6,083

5,339

5,265

5,175

5,793

5,955

6,186

6,260

6,788

7,267

7,645

7,957

8,653

8,231

9,520

9,190

Income tax payments

1,036

5,228

4,745

8,650

1,136

4,563

4,015

7,662

908

6,716

7,423

11,283

566

4,962

4,988

9,166

706

5,218

5,330

9,355

310

2,781

4,769

7,700

265

2,090

4,200

7,225

103

2,048

4,985

7,304

440

3,591

3,963

6,420

-584