Waterstone financial, inc. (WSBF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Operating activities:
Net income

35,903

30,754

25,964

25,532

16,570

12,732

14,708

34,914

-7,473

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses

-900

-1,060

-1,166

380

1,965

1,150

4,532

8,300

22,077

Provision for depreciation

2,507

2,296

2,050

2,615

3,106

3,283

2,717

2,081

1,842

Deferred Total

639

535

3,079

1,564

-154

3,716

5,394

-16,895

-735

Stock based compensation

1,067

1,760

1,902

1,913

2,817

109

126

145

1,593

Net amortization of premium/discount on debt and mortgage related securities

205

444

682

991

1,305

1,583

2,203

1,647

635

Amortization of unearned ESOP shares

-

-

-

-

-

-1,217

-718

-306

-202

Amortization Of MSR

-

-

-

-

-

445

1,125

389

13

The decrease in unearned employee stock ownership plan.

1,805

1,796

1,956

1,633

1,385

-

-

-

-

Amortization and impairment of mortgage servicing rights

181

191

106

598

491

-

-

-

-

Gain on sale of loans held for sale

128,928

109,526

121,951

123,154

98,382

82,146

73,548

90,171

37,667

Loans originated for sale

2,853,222

2,509,827

2,458,370

2,378,926

1,986,147

1,661,376

1,751,054

1,749,426

1,027,346

Proceeds on sales of loans originated for sale

2,903,643

2,627,634

2,655,673

2,443,347

2,043,086

1,715,470

1,861,194

1,794,268

1,072,863

Increase in accrued interest receivable

7

413

643

173

79

225

352

-612

-37

Increase in cash surrender value of life insurance

1,935

1,848

1,807

1,767

1,417

1,290

1,076

1,071

1,124

Increase (decrease) in accrued interest on deposits and borrowings

164

509

-30

-726

42

5

-120

-372

-239

Increase (decrease) in other liabilities

-

-

-

4,659

2,425

-1,581

-6,007

4,796

211

(Increase) decrease in prepaid income tax

-330

1,178

1,686

-557

-1,467

453

3,119

161

-1,282

Gain on sale

0

0

-107

0

-

-

-

-

-

Loss on sale of securities

-

-

-

-

44

0

-9

522

53

Impairment of securities

-

-

-

-

-

-17

0

-213

-456

Net gain on real estate owned

304

265

24

197

-968

-659

1,415

-6,162

-6,052

Refers to the gain (loss) on sale of mortgage servicing rights.

0

417

178

0

901

-2,456

-

-

-

Gain Sale Of MSR

-

-

-

-

-

-

-2,578

0

0

Other

1,367

-1,551

-1,433

2,908

1,494

-6,925

1,173

3,352

-2,464

Net cash provided by (used in) operating activities

-40,219

42,936

107,097

-24,062

-12,991

-2,216

52,284

-8,137

35,090

Net increase in loans receivable

9,896

87,648

116,887

68,076

40,011

-25,668

-

-

-

Result of purchase and sale of Federal Home Loan stock activity.

-1,800

-2,475

-3,600

6,225

-2,000

-

-

-

-

Net decrease in loans receivable

-

-

-

-

-

-

16,133

51,023

42,692

Purchases of [Abstract]
Mortgage related securities

28,860

28,058

16,827

9,215

33,750

80,837

16,264

115,660

14,184

Purchase of Debt Securities

0

0

6,140

5,285

16,119

22,009

44,540

19,269

85,802

Certificates Of Deposits Cash Flow

-

-

-

-

-

-735

0

0

-

Premises and equipment, net

3,114

3,962

1,577

1,085

2,966

1,949

5,360

1,674

1,021

Bank owned life insurance

180

180

2,680

10,180

180

10,180

240

240

240

Mortgage banking branch cash flow investing activities.

0

163

0

0

-

-

-

-

-

Purchase of FHLB Stock

-

-

-

-

-

0

0

-

-

Proceeds from [Abstract]
Amount of cash inflow from principal payments of investment in mortgage-backed security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

31,944

28,572

32,968

-

-

-

-

-

-

Principal repayments on mortgage-related securities

-

-

-

-

-

-

-

18,291

3,230

Principal repayments on mortgage-related securities

-

-

-

39,935

40,755

28,515

36,952

35,504

31,433

Maturities of debt securities

8,080

10,435

15,686

14,855

9,510

17,864

6,170

71,065

62,115

Sales of debt securities

0

0

448

0

1,034

0

921

11,798

0

Death benefit from bank owned life insurance

0

474

0

0

2,883

-

-

-

-

Calls of structured notes

-

-

-

-

-

-

-

2,648

0

Sales of real estate owned

2,674

3,134

3,733

7,796

24,716

19,751

27,604

36,580

23,231

Death Benefit from BOLI

-

-

-

-

-

0

0

-

-

Redemption of FHLB stock

-

-

-

-

-

0

2,693

1,459

0

Net cash used in investing activities

-1,152

-79,871

-94,876

-25,030

-16,128

-75,248

24,069

91,525

61,454

Net increase in deposits

29,281

71,115

17,969

56,050

29,401

9,523

305,228

-111,779

-94,237

Net change in short term borrowings

8,516

-41,239

-26,870

65,952

7,203

-21,197

-24,691

18,750

4,179

Repayment of Long Term Debt

-

-

-

-

-

0

-

-

-

Financing activities: Proceeds from Long Term Debt

-

-

-

-

-

0

-

-

-

Repayment of long term debt

125,000

165,000

149,000

220,000

0

-

-

-

-

Proceeds from long term debt

165,000

255,000

175,000

100,000

0

-

-

-

-

Net (decrease) increase in advance payments by borrowers for taxes

-159

-505

160

1,055

-1,330

-

-

-

-

Cash dividends in common stock

25,960

27,050

26,952

6,917

5,869

-

-

-

-

Purchase of common stock returned to authorized but unissued

-

-

-

-

-

-

0

-

-

Proceeds from stock option exercises

-

-

-

-

-

49

0

0

-

The cash inflow from stock offering returned to subscribers.

-

-

-

-

-

-141,882

0

0

-

Purchase of common stock returned to authorized but unissued

22,767

19,196

2,190

3,858

72,748

0

-

-

-

Net change in advance payments by borrowers for taxes

-

-

-

-

-

2,509

810

730

-1,437

Financing for cash dividends on common stock

-

-

-

-

-

-5,003

0

0

-

Funds used in purchasing additional shares for the ESOP Plan.

-

-

-

-

-

-22,884

0

0

-

Proceeds from stock option exercises

659

1,304

1,052

3,556

113

-

-

-

-

Net cash provided by (used in) financing activities

29,570

74,429

-10,831

-4,162

-43,230

-178,885

281,347

-92,299

-91,495

Increase (decrease) in cash and cash equivalents

-11,801

37,494

1,390

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-53,254

-72,349

-256,349

357,700

-8,911

5,049

Supplemental information:
Cash paid, credited or (received) during the period for: [Abstract]
Income tax payments

10,703

10,168

17,081

14,352

7,933

3,847

6,265

4,852

69

Interest payments

27,380

19,014

16,392

21,018

23,077

-

-

-

-

Interest payments

-

-

-

-

-

22,322

23,778

28,273

33,076

Noncash activities:
Loans receivable transferred to real estate owned

1,052

545

2,171

4,590

15,580

16,645

13,552

22,282

28,259

The deposits utilized to purchase common stock.

-

-

-

-

-

248,422

0

0

-

Dividends that have been declared but not paid included in other liabilities

3,501

3,798

3,894

3,677

1,537

1,620

0

0

-