BFIN · As filed with the SEC
BankFinancial cash flow statement, by fiscal year
The statement as BankFinancial presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Cash Flows · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||||
| Net income | 4,073 | 9,393 | 10,494 | 7,410 | 9,163 | 11,672 | 19,342 | 9,004 |
| Adjustments to reconcile net income to net cash from operating activities | ||||||||
| Provision for (recovery of) loan losses | — | — | 1,828 | (1,240) | 55 | 3,825 | 145 | (87) |
| Prepayment of ESOP Share Acquisition Loan | — | — | — | — | — | — | 0 | 1,125 |
| ESOP shares earned | — | — | — | — | — | — | — | 0 |
| Stock-based compensation expense | — | — | — | — | — | 0 | 6 | 0 |
| Depreciation and amortization | — | — | — | — | — | 1,613 | 3,323 | 3,789 |
| Depreciation | — | — | — | — | 1,673 | — | — | — |
| Amortization of premiums and discounts on securities | — | — | — | — | 6 | 8 | 11 | (123) |
| Amortization of intangibles | — | — | — | — | 34 | 61 | 184 | 496 |
| Amortization and impairment of servicing assets | — | — | — | — | — | 85 | 94 | 109 |
| Amortization of servicing assets | — | — | — | — | 78 | — | — | — |
| Provision for credit losses - loans | 5,081 | 395 | — | — | — | — | — | — |
| Recovery of credit losses - unfunded commitments | (56) | (82) | — | — | — | — | — | — |
| Depreciation and amortization | 163 | 1,541 | 1,262 | 2,072 | — | — | — | — |
| Net change in net deferred loan origination costs | 467 | (86) | (1,301) | 87 | 541 | 157 | 197 | 397 |
| Net loss on sale of other real estate owned | — | — | — | — | — | (111) | 56 | 45 |
| Net gain on sale of loans | — | — | — | — | — | — | 0 | (76) |
| Net gain on sale of securities | — | — | — | — | — | — | — | 0 |
| Gain on sale of other real estate owned | — | — | — | — | (22) | — | — | — |
| Gain on sale of equity securities | — | — | — | — | 0 | (295) | (3,558) | — |
| Losses on sales of securities | 0 | 454 | — | — | — | — | — | — |
| Valuation adjustment on bank premises held-for-sale | 0 | 602 | — | — | — | — | — | — |
| Loss (gain) on disposal of premises and equipment | 124 | (9) | — | — | — | — | — | — |
| Loss on sale of foreclosed assets | 266 | 15 | 22 | (24) | — | — | — | — |
| Loss on disposal of other assets | — | — | — | 0 | 5 | 44 | — | — |
| Gain on sale of premises held-for-sale | — | — | — | — | — | 0 | (93) | 0 |
| Loans originated for sale | — | — | — | — | — | — | 0 | (1,288) |
| Proceeds from sale of loans | — | — | — | — | — | — | 0 | 1,364 |
| Other real estate owned valuation adjustments | — | — | — | — | 0 | 38 | 27 | 333 |
| Foreclosed assets write-down | 516 | 70 | — | — | — | — | — | — |
| Foreclosed assets valuation adjustments | 0 | 111 | 31 | 420 | — | — | — | — |
| Earnings on bank-owned life insurance | — | — | — | (114) | (70) | (136) | (174) | (265) |
| Loss (earnings) on bank-owned life insurance | — | — | 39 | — | — | — | — | — |
| Loss on bank-owned life insurance | 168 | 346 | — | — | — | — | — | — |
| Gain on redemption of Subordinated notes | (107) | — | — | — | — | — | — | — |
| Net change in: | ||||||||
| Deferred income tax | 26 | 347 | (237) | 28 | 1,137 | 2,362 | 6,328 | 9,848 |
| Accrued interest receivable | 1,141 | (204) | (2,690) | (703) | 622 | 389 | (333) | (238) |
| Other assets | (187) | 1,849 | 1,822 | 1,130 | 1,300 | 3,864 | (94) | (3,406) |
| Accrued interest payable and other liabilities | (4,111) | (5,521) | (1,978) | (1,298) | (1,005) | (2,202) | (1,349) | 1,703 |
| Net cash from operating activities | 7,564 | 9,221 | 9,292 | 7,768 | 13,517 | 21,374 | 20,685 | 22,730 |
| Cash flows (used in) from investing activities | ||||||||
| Proceeds from maturities of interest-bearing time deposits in other financial institutions | 40,423 | — | — | — | — | — | — | — |
| Purchases of interest-bearing time deposits in other financial institutions | (45,066) | — | — | — | — | — | — | — |
| Proceeds from maturities | 327,180 | 33,736 | 2,888 | 20,230 | 77,762 | 107,921 | 114,583 | 75,460 |
| Proceeds from principal repayments | — | — | — | — | — | 3,076 | 3,587 | 3,388 |
| Proceeds from sales of securities | — | — | — | — | — | 3,722 | 4,059 | 0 |
| Proceeds from principal repayments | 642 | 765 | 1,018 | 1,780 | 2,691 | — | — | — |
| Proceeds from sale of securities | 0 | 42,631 | — | — | 0 | — | — | — |
| Purchases of securities | (525,928) | (49,151) | (136,071) | (79,124) | (44,113) | (83,081) | (113,614) | (65,128) |
| Loan participations sold | — | — | — | — | — | — | 0 | 3,615 |
| Principal payments on loans receivable | — | — | — | — | — | — | 984,166 | 654,702 |
| Purchases of loans | — | — | — | — | — | — | 0 | (23,451) |
| Originated for investment | — | — | — | — | — | — | (995,257) | (640,340) |
| Proceeds from sale of loans | — | — | — | — | — | — | — | 0 |
| Payments for (Proceeds from) Federal Home Loan Bank Stock | — | — | — | — | — | (540) | (1,312) | (3,514) |
| Net decrease in loans receivable | — | — | — | — | 164,666 | — | — | — |
| Redemption of FHLB and FRB stock | — | — | — | — | 0 | — | — | — |
| Purchase of FHLB and FRB stock | — | — | — | — | 0 | (4) | (1,048) | (154) |
| Proceeds from sale of other real estate owned | — | — | — | — | 120 | 1,299 | 2,172 | 3,932 |
| Purchases of premises and equipment, net | — | — | — | — | — | (798) | (1,609) | (1,133) |
| Other real estate owned capitalized expenditures | — | — | — | — | (47) | — | — | — |
| Net change in loans receivable | 157,410 | 170,764 | (183,925) | (40,190) | — | — | — | — |
| Loan participation purchased | — | — | 0 | (5,000) | — | — | — | — |
| Bank-owned life insurance death benefit | — | 0 | 275 | — | — | — | — | — |
| Proceeds from sale of foreclosed assets | 760 | 362 | 987 | 3,509 | — | — | — | — |
| Proceeds from sale of premises and equipment | 537 | 690 | — | — | — | — | — | — |
| Purchase of premises and equipment, net | (2,095) | (1,874) | (1,944) | (2,335) | (2,007) | — | — | — |
| Net cash (used in) from investing activities | (46,137) | 197,923 | (316,772) | (101,130) | 199,072 | 184,176 | 8,060 | 14,405 |
| Cash flows used in financing activities | ||||||||
| Deposits | (44,082) | (113,311) | (113,497) | 94,887 | 108,787 | (67,727) | 12,433 | 661 |
| Borrowings | — | — | — | — | 3,939 | (20,988) | (39,719) | 9,699 |
| Borrowings | — | — | (5,000) | 1,000 | — | — | — | — |
| Advance payments by borrowers for taxes and insurance | 48 | 329 | 681 | (677) | (1,552) | (309) | (1,114) | 604 |
| Proceeds from issuance of subordinated notes | — | — | 0 | 20,000 | — | — | — | — |
| Costs paid for issuance of subordinated notes | — | — | 0 | (441) | — | — | — | — |
| Proceeds from Federal Home Loan Bank advances | 0 | 35,000 | — | — | — | — | — | — |
| Repayments of Federal Home Loan Bank advances | (5,000) | (10,000) | — | — | — | — | — | — |
| Proceeds from repurchase of Subordinated notes | (906) | — | — | — | — | — | — | — |
| Repurchase and retirement of common stock | (156) | (2,393) | (4,866) | (17,122) | (4,610) | (18,139) | (23,284) | (10,819) |
| Cash dividends paid on common stock | (4,986) | (5,056) | (5,231) | (5,619) | (5,982) | (6,266) | (6,449) | (5,153) |
| Shares retired for tax liability | — | — | — | — | — | — | 0 | (1,219) |
| Net cash used in financing activities | (55,082) | (95,431) | (127,913) | 92,028 | 100,582 | (113,429) | (58,133) | (6,227) |
| Net change in cash and cash equivalents | — | — | — | — | — | 92,121 | (29,388) | 30,908 |
| Beginning cash and cash equivalents | — | — | — | — | 190,325 | 98,204 | 127,592 | 96,684 |
| Ending cash and cash equivalents | — | — | — | — | — | 190,325 | 98,204 | 127,592 |
| Net change in cash and cash equivalents | (93,655) | 111,713 | (435,393) | (1,334) | 313,171 | — | — | — |
| Beginning cash and cash equivalents | — | 66,769 | 502,162 | 503,496 | 190,325 | — | — | — |
| Ending cash and cash equivalents | — | — | 66,769 | 502,162 | 503,496 | — | — | — |
| Beginning cash and cash equivalents | 178,484 | 66,771 | — | — | — | — | — | — |
| Ending cash and cash equivalents | 84,829 | 178,484 | — | — | — | — | — | — |
| Supplemental disclosures of cash flow information: | ||||||||
| Interest paid | 20,130 | 14,077 | 4,468 | 2,708 | 7,035 | 13,446 | 9,073 | 6,044 |
| Income taxes paid | — | — | — | — | 191 | 412 | 342 | 427 |
| Income taxes paid | 1,973 | 3,290 | 3,518 | 3,416 | — | — | — | — |
| Income taxes refunded | 4 | 22 | (8) | 0 | 14 | 18 | 0 | 6 |
| Loans transferred to other real estate owned | — | — | — | — | 33 | 186 | 1,482 | 2,766 |
| Transfer of Property to Held-for-sale | — | — | — | — | — | 6,694 | 0 | 5,667 |
| Assets transferred to premises held-for-sale | 0 | 1,799 | — | — | — | — | — | — |
| Loans transferred to foreclosed assets | 156 | 2,859 | 791 | 4,473 | — | — | — | — |
| Due to broker | — | — | — | 4,936 | — | — | — | — |
| Due from broker | 0 | 4,500 | 0 | — | — | — | — | — |
| Recording of right of use asset in exchange for lease obligations in other assets and other liabilities | 592 | 1,354 | 0 | 866 | 111 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.