FFIC · As filed with the SEC
Flushing Financial cash flow statement, by fiscal year
The statement as Flushing Financial 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
| USD | FY2025 Year ended Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net income | — | — | — | — | — | 34,674,000 | 41,279,000 | 55,090,000 |
| Net income (loss) | 18,880,000 | (31,333,000) | 28,664,000 | 76,945,000 | 81,793,000 | — | — | — |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
| Provision for loan losses | — | — | — | — | — | — | 2,811,000 | 575,000 |
| Provision (benefit) for credit losses | 12,788,000 | 9,568,000 | 10,518,000 | 5,081,000 | (4,944,000) | 23,129,000 | — | — |
| Depreciation and amortization of premises and equipment | 5,339,000 | 5,730,000 | 5,965,000 | 5,930,000 | 6,425,000 | 6,212,000 | 5,930,000 | 5,792,000 |
| Net (gain) loss on sales of loans | (3,719,000) | 3,563,000 | (108,000) | (119,000) | (335,000) | (48,000) | (870,000) | (168,000) |
| Net amortization (accretion) of premiums and discounts | 3,725,000 | 3,494,000 | 498,000 | 1,139,000 | — | — | — | — |
| Net (gain) loss on sales of OREO | 0 | (174,000) | — | — | — | — | — | — |
| Net loss (gain) from disposition of assets | — | 0 | 0 | (104,000) | (621,000) | — | — | — |
| Amortization of premium, net of accretion of discount | — | — | — | — | (987,000) | 6,446,000 | 7,110,000 | 8,146,000 |
| Net loss on sales of OREO | — | — | — | 0 | 0 | 36,000 | 0 | (27,000) |
| Net gain on sales of assets | — | — | — | — | — | 0 | (770,000) | (1,141,000) |
| Impairment of goodwill | 17,636,000 | — | — | — | — | — | — | — |
| Net loss (gain) from sale of securities | (708,000) | 72,315,000 | 0 | 10,948,000 | (113,000) | 701,000 | 15,000 | 1,920,000 |
| Deferred income tax provision (benefit) | 11,099,000 | (15,862,000) | 3,721,000 | 144,000 | (1,725,000) | (4,637,000) | (3,895,000) | (2,664,000) |
| Net loss (gain) from fair value adjustments | 2,312,000 | 939,000 | (2,573,000) | (5,728,000) | 12,995,000 | 2,142,000 | 5,353,000 | 4,122,000 |
| Net (gain) loss from fair value adjustments of hedges | (256,000) | (55,000) | (371,000) | (775,000) | (2,079,000) | 1,185,000 | 1,677,000 | — |
| Gain from life insurance proceeds | 0 | (285,000) | (1,281,000) | (1,822,000) | — | — | — | — |
| Income from Bank owned life insurance | (8,765,000) | (6,005,000) | (4,573,000) | (4,487,000) | (4,044,000) | (3,814,000) | (3,534,000) | (3,099,000) |
| Life insurance proceeds | — | — | — | — | 0 | (659,000) | (462,000) | (2,998,000) |
| Stock-based compensation expense | 3,153,000 | 2,461,000 | 5,604,000 | 6,807,000 | 6,829,000 | 6,450,000 | 7,763,000 | 7,016,000 |
| Deferred compensation | (2,271,000) | (2,775,000) | (4,210,000) | (5,365,000) | (4,002,000) | (4,403,000) | (3,078,000) | (3,061,000) |
| Amortization of core deposit intangibles | 350,000 | 414,000 | 480,000 | 545,000 | 610,000 | 108,000 | — | — |
| Decrease (increase) in other assets | (2,657,000) | (22,525,000) | (19,308,000) | 11,775,000 | 563,000 | 2,605,000 | 706,000 | 824,000 |
| (Decrease) increase in other liabilities | 4,114,000 | (7,058,000) | 11,559,000 | (15,159,000) | (1,767,000) | 1,151,000 | 3,735,000 | 6,976,000 |
| Net cash provided by (used in) operating activities | 61,020,000 | 12,412,000 | 34,585,000 | 85,755,000 | 88,598,000 | 71,278,000 | 63,770,000 | 77,303,000 |
| Investing Activities | ||||||||
| Purchases of premises and equipment | (5,221,000) | (2,310,000) | (5,488,000) | (4,342,000) | (3,680,000) | (2,512,000) | (4,213,000) | (5,409,000) |
| Net (purchases) redemptions of Federal Home Loan Bank-NY shares | — | — | — | (9,905,000) | 7,502,000 | 14,617,000 | 361,000 | 2,807,000 |
| Purchases of Federal Home Loan Bank New York stock | (8,597,000) | (51,609,000) | (122,102,000) | — | — | — | — | — |
| Redemptions of Federal Home Loan Bank New York stock | 27,756,000 | 44,579,000 | 136,878,000 | — | — | — | — | — |
| Purchases of securities held-to-maturity | — | 0 | 0 | (16,475,000) | 0 | 0 | (30,030,000) | (2,653,000) |
| Proceeds from prepayments of securities held-to-maturity | 1,302,000 | 1,538,000 | 794,000 | 387,000 | 0 | 603,000 | 583,000 | 377,000 |
| Purchases of securities available for sale | — | — | — | — | — | — | — | (305,059,000) |
| Proceeds from calls of securities held-to-maturity | — | — | — | 0 | 0 | 180,000 | 2,568,000 | 1,130,000 |
| Purchases of securities available for sale | (496,945,000) | (1,302,609,000) | (187,442,000) | (224,940,000) | (538,350,000) | (217,405,000) | (146,183,000) | — |
| Proceeds from sales and calls of securities available for sale | 367,510,000 | 522,096,000 | 0 | 73,276,000 | 64,613,000 | 232,970,000 | 65,493,000 | 128,474,000 |
| Proceeds from maturities and prepayments of securities available for sale | 224,425,000 | 203,265,000 | 57,493,000 | 96,861,000 | 330,701,000 | 271,533,000 | 144,673,000 | 73,968,000 |
| Proceeds from sale of assets | — | — | — | — | 0 | 0 | 813,000 | 1,184,000 |
| Purchases of bank owned life insurance | — | — | 0 | 0 | (25,000,000) | 0 | (25,000,000) | — |
| Proceeds from sale of real estate owned | 0 | 839,000 | — | — | — | — | — | — |
| Proceeds from bank owned life insurance | 1,633,000 | 14,000 | 3,068,000 | 3,945,000 | 0 | 2,477,000 | 3,071,000 | 6,165,000 |
| Net originations of loans | — | — | — | — | — | — | — | (111,351,000) |
| Change in cash collateral | (26,550,000) | (4,780,000) | (18,400,000) | 66,345,000 | — | — | — | — |
| Net repayments (originations) of loans | 359,763,000 | 238,100,000 | 198,240,000 | (93,262,000) | 290,890,000 | (55,276,000) | (800,000) | — |
| Purchases of loans | (267,827,000) | (173,487,000) | (166,344,000) | (275,701,000) | (262,091,000) | (193,289,000) | (221,222,000) | (282,703,000) |
| Proceeds from sale of OREO, net | — | — | — | 0 | 0 | 203,000 | 0 | 665,000 |
| Proceeds from sale of loans originally classified as held for investment | 69,286,000 | 18,760,000 | 9,042,000 | 31,993,000 | 28,632,000 | 7,493,000 | 15,117,000 | 14,410,000 |
| Cash used in acquisition of Empire Bancorp, Inc. | — | — | — | 0 | 0 | (54,836,000) | — | — |
| Cash provided by acquisition of Empire Bancorp, Inc. | — | — | — | 0 | 0 | 86,340,000 | — | — |
| Net cash provided by (used in) investing activities | 246,535,000 | (505,604,000) | (94,261,000) | (351,818,000) | (106,783,000) | 93,098,000 | (194,769,000) | (477,995,000) |
| Financing Activities | ||||||||
| Net increase (decrease) in noninterest-bearing deposits | 132,742,000 | (10,871,000) | (73,822,000) | (46,383,000) | 188,949,000 | 174,104,000 | 21,325,000 | 28,478,000 |
| Net increase (decrease) in interest-bearing deposits | (7,292,000) | 370,857,000 | 400,804,000 | 200,019,000 | 3,974,000 | 39,591,000 | 84,540,000 | 546,322,000 |
| Net increase (decrease) in mortgagors' escrow deposits | 6,508,000 | 2,700,000 | 2,223,000 | (3,754,000) | 6,291,000 | (5,159,000) | (486,000) | 2,255,000 |
| Net (repayments) proceeds from short-term borrowed funds | (435,000,000) | 324,250,000 | (605,750,000) | 235,000,000 | — | — | 15,750,000 | 165,250,000 |
| Proceeds from long-term borrowing | — | 300,000,000 | 661,050,000 | 63,603,000 | 122,843,000 | 215,378,000 | 225,000,000 | 40,996,000 |
| Repayment of long-term borrowings | — | (551,117,000) | (265,001,000) | (55,685,000) | (341,643,000) | (451,999,000) | (257,102,000) | (270,088,000) |
| Purchase of treasury stock | — | — | (13,165,000) | (29,675,000) | (11,370,000) | (3,877,000) | (2,656,000) | (22,585,000) |
| Proceeds from issuance of common stock upon exercise of stock options | — | — | — | — | — | — | 3,000 | 6,000 |
| Repurchase of shares to satisfy tax obligations | (721,000) | (1,707,000) | — | — | — | — | — | — |
| Net proceeds received in common stock offering | — | 65,540,000 | — | — | — | — | — | — |
| Cash dividends paid | (30,290,000) | (26,043,000) | (26,260,000) | (27,031,000) | (26,524,000) | (24,813,000) | (24,149,000) | (22,927,000) |
| Net cash provided by (used in) financing activities | (334,053,000) | 473,609,000 | 80,079,000 | 336,094,000 | (57,480,000) | (56,775,000) | 62,225,000 | 467,707,000 |
| Net increase (decrease) in cash and cash equivalents | — | — | — | — | — | — | — | 67,015,000 |
| Net (decrease) increase in cash and cash equivalents, and restricted cash | (26,498,000) | (19,583,000) | 20,403,000 | 70,031,000 | (75,665,000) | 107,601,000 | (68,774,000) | — |
| Cash and cash equivalents, beginning of year | — | — | — | — | — | 49,787,000 | 118,561,000 | 51,546,000 |
| Cash and cash equivalents, end of year | — | — | — | — | — | — | 49,787,000 | 118,561,000 |
| Cash, cash equivalents, and restricted cash, beginning of period | 152,574,000 | 172,157,000 | 151,754,000 | 81,723,000 | 157,388,000 | 49,787,000 | 118,561,000 | — |
| Cash, cash equivalents, and restricted cash, end of period | 126,076,000 | 152,574,000 | 172,157,000 | 151,754,000 | 81,723,000 | 157,388,000 | — | — |
| Supplemental disclosure of cash flow information: | ||||||||
| Cash payments for: | ||||||||
| Interest paid | 254,036,000 | 278,702,000 | 214,610,000 | 63,680,000 | 40,564,000 | 71,380,000 | 115,616,000 | 85,112,000 |
| Income taxes paid, net of refunds | 1,326,000 | 8,578,000 | 6,269,000 | 32,411,000 | 28,225,000 | 17,919,000 | 15,369,000 | 6,616,000 |
| Taxes paid if excess tax benefits on stock-based compensation were not tax deductible | — | — | — | 33,031,000 | 27,889,000 | 17,764,000 | 15,403,000 | 7,245,000 |
| Securities available for sale | — | — | — | — | — | 159,369,000 | — | — |
| Net loans | — | — | — | — | — | 669,682,000 | — | — |
| Interest and dividends receivable | — | — | — | — | — | 5,394,000 | — | — |
| Bank premises and equipment, net | — | — | — | — | — | 3,203,000 | — | — |
| Federal Home Loan Bank of New York stock, at cost | — | — | — | — | — | 1,135,000 | — | — |
| Bank owned life insurance | — | — | — | — | — | 21,992,000 | — | — |
| Core deposit Intangibles | — | — | — | — | — | 3,280,000 | — | — |
| Right of Use Asset | — | — | — | — | — | 9,993,000 | — | — |
| Other assets | — | — | — | — | — | 22,300,000 | — | — |
| Total | — | — | — | — | — | 896,348,000 | — | — |
| Non-interest bearing | — | — | — | — | — | 169,496,000 | — | — |
| Interest-bearing | — | — | — | — | — | 685,393,000 | — | — |
| Mortgagors' escrow deposits | — | — | — | — | — | 6,406,000 | — | — |
| Borrowed funds | — | — | — | — | — | 21,215,000 | — | — |
| Operating lease liability | — | — | — | — | — | 11,039,000 | — | — |
| Other liabilities | — | — | — | — | — | 3,108,000 | — | — |
| Total | — | — | — | — | — | 896,657,000 | — | — |
| Goodwill recorded | — | — | — | — | — | 1,509,000 | — | — |
| Common stock issued | — | — | — | — | — | 32,705,000 | — | — |
| Supplemental disclosure of non- cash flow investing activities: | ||||||||
| Loans transferred to other real estate owned | — | — | — | — | — | — | 239,000 | 673,000 |
| Right-of-use assets | — | — | — | — | — | — | 42,869,000 | — |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | — | — | — | — | — | 1,576,000 | — |
| Operating lease liabilities | — | — | — | — | — | — | 51,780,000 | — |
| Reclassification of the income tax effects of Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings | — | — | — | — | — | — | — | 2,073,000 |
| Transfer of loans held for investment to other real estate owned | — | 665,000 | — | — | — | — | — | — |
| Transfer of loans held for investment to loans held for sale | 24,067,000 | 92,027,000 | — | — | — | — | — | — |
| Transfer of loans held for sale to loans held for investment | 58,781,000 | — | — | — | — | — | — | — |
| Securities purchased not yet settled | — | 25,023,000 | — | — | — | — | — | — |
| Securities transferred from held to maturity to available for sale | — | 20,627,000 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.