Cash Flow Statement (As Reported)

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 2013 Y2014 Y2015 Y2016 Y2017 Q3 YTD
Source Document12/31/201512/31/201612/31/201612/31/20169/30/2017
(in thousands)     
Net Income 77,50918,02120,01722,76618,764
Adjustments to Reconcile Net Income to Net Cash From Operating Activities 
Proceeds from sales of loans held for sale 415,442228,906288,852324,828313,559
Disbursements for loans held for sale (378,323)(226,550)(285,608)(322,342)(316,338)
Provision for loan losses (3,988)(3,136)(2,714)(1,309)806
Deferred income tax expense (57,550)8,9188,9978,0647,422
Deferred loan fees 17(753)(1,234)(1,911)(4,588)
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities, loans and interest bearing deposits - time (2,197)3,0144,5535,2165,079
Net gains on mortgage loans (10,022)(5,628)(7,448)(10,566)(8,886)
Net gains on securities (395)(329)(20)(563)(62)
Securities impairment recognized in earnings 26900NA
Net (gains) losses on other real estate and repossessed assets 1,237(500)(180)250NA
Vehicle service contract counterparty contingencies 4,837199119(50)NA
Share based compensation 1,2381,1921,4771,6201,342
Litigation settlement expense NA002,300NA
Loss on sale of payment plan business NA00320NA
Net gain on branch sale 00(1,193)0NA
Gain on extinguishment of debt 0(500)00NA
Increase in accrued income and other assets 7,747(2,579)(1,387)(5,478)(13,159)
Increase in accrued expenses and other liabilities (3,508)(7,213)(196)8382,274
Total Adjustments (25,439)(4,950)4,0181,217(12,551)
Net Cash From Operating Activities 52,07013,07124,03523,9836,213
Cash Flow Used in Investing Activities 
Proceeds from the sale of securities available for sale 2,94014,63312,03764,1038,834
Proceeds from the maturity of securities available for sale 29,86658,22036,80840,530NA
Principal payments received on securities available for sale 43,70284,487130,232162,499NA
Proceeds from maturities, prepayments and calls of securities available for sale NANANANA143,953
Purchases of securities available for sale (332,060)(224,946)(234,693)(297,925)(84,080)
Purchases of interest bearing deposits - time (20,260)(2,401)(4,595)0NA
Proceeds from the maturity of interest bearing deposits - time 2,1426,7196,2226,2532,100
Redemption of Federal Home Loan Bank and Federal Reserve Bank stock 03,8144,906371NA
Purchase of Federal Reserve Bank stock (2,581)(314)(458)(443)0
Redemption of Federal Reserve Bank stock NANANANA0
Net increase in portfolio loans (loans originated, net of principal payments) 33,192(37,195)(74,343)(107,472)(326,089)
Purchase of portfolio loans 00(32,872)(15,000)0
Net proceeds from sale of watch, substandard and non-performing loans 6,721NANANANA
Net cash paid for branch sale 3,2920(7,229)0NA
Cash received from the sale of Mepco Finance Corporation assets, net NANANANA33,446
Proceeds from bank-owned life insurance NA002,235523
Proceeds from the sale of property and equipment 52309555416NA
Proceeds from the collection of vehicle service contract counterparty receivables 6,7513851,0924,786411
Proceeds from the sale of other real estate and repossessed assets 13,54618,4716,1794,2514,111
Capital expenditures (8,371)(4,298)(4,354)(3,459)(2,592)
Net Cash Used in Investing Activities (221,068)(82,116)(160,513)(138,855)(219,383)
Cash Flow From Financing Activities 
Net increase in total deposits 105,26939,496170,314139,756118,042
Net increase in other borrowings 4(1)(1)03,003
Proceeds from Federal Home Loan Bank Advances 1001001000461,000
Payments of Federal Home Loan Bank Advances (541)(4,817)(615)(2,521)(397,587)
Net decrease in vehicle service contract counterparty payables (3,636)(2,112)(1,180)(279)NA
Dividends paid 0(4,129)(5,896)(7,274)(6,400)
Proceeds from issuance of common stock 98,066971128257
Repurchase of common stock 00(13,498)(16,854)0
Share based compensation withholding obligation (513)0(1,091)(627)(536)
Redemption of subordinated debt (9,452)(4,654)00NA
Redemption of convertible preferred stock and common stock warrant (81,000)NANANANA
Net Cash From Financing Activities 108,29723,980148,245112,283177,579
Net Increase (Decrease) in Cash and Cash Equivalents (60,701)(45,065)11,767(2,589)(35,591)
Cash and Cash Equivalents at Beginning of Period 179,782119,08174,01685,78383,194
Cash and Cash Equivalents at End of Period 119,08174,01685,78383,19447,603
Cash paid during the period for 
Interest 15,9147,3655,7696,4166,240
Income taxes 43216295563988
Transfers to other real estate and repossessed assets 6,9326,1436,6942,3551,389
Transfer of payment plan receivables to vehicle service contract counterparty receivables 7921801,203200NA
Purchase of securities available for sale and interest bearing deposits - time not yet settled 4,14626501,582NA
Transfers to payment plan receivables and other assets held for sale NA0033,360NA
Transfers to other liabilities held for sale NA00718NA
Purchase of securities available for sale not yet settled NANANANA1,765
Sale of securities available for sale not yet settled NANANANA760

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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