FSFG · As filed with the SEC
First Savings Financial Group cash flow statement, by fiscal year
The statement as First Savings Financial Group 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 | FY2025 Year ended Sep 30, 2025 | FY2024 Year ended Sep 30, 2024 | FY2023 Year ended Sep 30, 2023 | FY2022 Year ended Sep 30, 2022 | FY2021 Year ended Sep 30, 2021 | FY2020 Year ended Sep 30, 2020 | FY2019 Year ended Sep 30, 2019 | FY2018 Year ended Sep 30, 2018 |
|---|---|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
| Net income | 23,161,000 | 13,592,000 | 8,172,000 | 16,444,000 | 29,969,000 | 34,081,000 | 16,995,000 | 12,336,000 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||
| Provision (credit) for loan losses | — | — | 2,612,000 | 1,908,000 | (1,767,000) | 7,962,000 | 1,463,000 | 1,353,000 |
| Provision (credit) for credit losses - loans | (118,000) | 3,492,000 | — | — | — | — | — | — |
| Provision (credit) for unfunded commitments | 452,000 | (421,000) | — | — | — | — | — | — |
| Provision (credit) for credit losses - securities | (9,000) | 21,000 | — | — | — | — | — | — |
| Depreciation and amortization | 2,244,000 | 2,371,000 | 2,549,000 | 2,448,000 | 2,300,000 | 1,858,000 | 1,684,000 | 1,373,000 |
| Amortization of premiums and accretion of discounts on securities, net | 317,000 | 279,000 | 578,000 | 903,000 | 799,000 | 596,000 | 477,000 | 235,000 |
| Decrease in trading account securities | — | — | — | — | — | 0 | 0 | 7,175,000 |
| Amortization and accretion of fair value adjustments on loans, net | (1,064,000) | (1,215,000) | (1,805,000) | (1,529,000) | (1,490,000) | (935,000) | (664,000) | (517,000) |
| Loans originated for sale, residential mortgage | (6,285,000) | (60,822,000) | (587,685,000) | (1,677,276,000) | (4,177,003,000) | (3,679,783,000) | (939,608,000) | (115,065,000) |
| Loans originated for sale, home equity lines of credit | (91,298,000) | — | — | — | — | — | — | — |
| Loans originated for sale, Small Business Administration | (57,925,000) | (51,013,000) | (41,160,000) | — | — | — | — | — |
| Proceeds on sales of loans, residential mortgage | — | — | 603,800,000 | 1,806,926,000 | 4,347,642,000 | 3,597,497,000 | 904,692,000 | 115,980,000 |
| Proceeds on sales of loans, residential mortgage | 5,791,000 | 83,228,000 | — | — | — | — | — | — |
| Proceeds on sales of loans, home equity lines of credit | 146,482,000 | — | — | — | — | — | — | — |
| Proceeds on sales of loans, Small Business Administration | 73,331,000 | 50,070,000 | 44,817,000 | — | — | — | — | — |
| Net realized and unrealized gain on loans held for sale | (8,943,000) | (1,998,000) | (3,958,000) | 12,376,000 | (56,677,000) | (88,738,000) | (29,753,000) | (7,080,000) |
| Capitalization of loan servicing rights | (1,295,000) | (1,392,000) | (3,122,000) | (12,167,000) | (38,659,000) | (25,508,000) | — | — |
| Net change in value of residential mortgage loan servicing rights | — | — | 5,849,000 | (1,001,000) | 10,084,000 | 4,021,000 | — | — |
| Proceeds from sale of residential mortgage loan servicing rights | — | 59,464,000 | — | — | — | — | — | — |
| Loss on sale of residential mortgage loan servicing rights | — | 4,000 | — | — | — | — | — | — |
| Net change in value of residential mortgage loan servicing rights | — | 809,000 | — | — | — | — | — | — |
| Net change in value of SBA and nonresidential mortgage loan servicing rights | 964,000 | 1,180,000 | 1,647,000 | — | — | — | — | — |
| Net realized and unrealized (gain) loss on other real estate owned | — | — | — | 115,000 | (74,000) | (16,000) | (78,000) | (215,000) |
| Net gain on sales of available for sale securities | — | — | — | — | — | — | — | (99) |
| Net loss (gain) on sales of available for sale securities | — | — | 551,000 | (476,000) | 0 | (7,000) | 74,000 | — |
| Net realized and unrealized gain on other real estate owned | (248,000) | (5,000) | — | — | — | — | — | — |
| Other than temporary impairment loss on securities | — | — | 28,000 | — | — | 0 | 0 | 95,000 |
| Gain on life insurance | — | — | — | — | — | — | — | 0 |
| Increase in cash surrender value of life insurance | — | — | (1,081,000) | (993,000) | (785,000) | (732,000) | (580,000) | (430,000) |
| Gain on life insurance | — | — | — | — | (140,000) | — | 0 | — |
| Net (gain) loss on equity securities | — | — | (57,000) | 10,000 | (46,000) | 19,000 | — | — |
| Increase in cash surrender value of life insurance | (1,503,000) | (1,378,000) | — | — | — | — | — | — |
| Net unrealized gain (loss) on equity securities | — | (491,000) | — | — | — | — | (5,000) | — |
| Gain on life insurance | (255,000) | — | — | — | — | — | — | — |
| Net gain on equity securities | (493,000) | — | — | — | — | — | — | — |
| Deferred income taxes | (375,000) | (16,055,000) | (716,000) | 2,095,000 | 7,856,000 | 4,494,000 | 507,000 | 235,000 |
| Stock compensation expense | 918,000 | 699,000 | 698,000 | 688,000 | 277,000 | 279,000 | 246,000 | 217,000 |
| Net gain on sale of premises and equipment | (45,000) | (116,000) | (49,000) | — | (78,000) | 8,000 | (31,000) | (25,000) |
| Gain from repurchase of subordinated debt | — | — | (660,000) | — | — | — | — | — |
| Income from tax credit investments | — | — | — | (12,000) | (32,000) | (426,000) | (210,000) | (585,000) |
| Increase in accrued interest receivable | — | (1,215,000) | (1,829,000) | (2,089,000) | 219,000 | (1,421,000) | (754,000) | (562,000) |
| Increase in accrued interest payable | (8,338,000) | 4,458,000 | 7,624,000 | 1,044,000 | (425,000) | (252,000) | 192,000 | 459,000 |
| Change in other assets and liabilities, net | — | — | — | (602,000) | (7,077,000) | 7,314,000 | 628,000 | 3,085,000 |
| Change in other assets | (4,556,000) | 9,335,000 | 7,874,000 | — | — | — | — | — |
| Change in other liabilities | 8,222,000 | (1,678,000) | (11,919,000) | — | — | — | — | — |
| Net Cash Provided By Operating Activities | 79,132,000 | 91,203,000 | 32,758,000 | 148,812,000 | 114,893,000 | (139,689,000) | (44,725,000) | 17,965,000 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Investment in interest-bearing time deposits | — | — | (490,000) | (245,000) | (497,000) | (1,145,000) | (1,085,000) | (980,000) |
| Proceeds from sales and maturities of interest-bearing time deposits | — | — | — | — | — | 445,000 | 838,000 | 4,734,000 |
| Purchase of securities available for sale | — | — | — | — | — | (37,809,000) | (24,448,000) | (50,020,000) |
| Proceeds from sales of securities available for sale | — | — | — | — | — | 3,180,000 | 13,948,000 | 58,116,000 |
| Proceeds from maturities of securities available for sale | — | — | — | — | — | 8,235,000 | — | — |
| Proceeds from sales and maturities of interest-bearing time deposits | — | — | 1,603,000 | 840,000 | 1,225,000 | — | — | — |
| Proceeds from maturities of interest-bearing time deposits | 245,000 | — | — | — | — | — | — | — |
| Purchase of securities available for sale | (18,975,000) | (6,968,000) | (11,664,000) | (211,141,000) | (29,517,000) | — | — | — |
| Proceeds from sales of securities available for sale | — | — | 79,230,000 | 33,494,000 | 0 | — | — | — |
| Proceeds from sales of equity securities | 403,000 | — | — | — | — | — | — | — |
| Principal collected and proceeds from maturities of securities available for sale | 10,575,000 | 9,021,000 | 16,877,000 | 13,598,000 | 16,737,000 | — | 7,710,000 | 2,625,000 |
| Proceeds from maturities of securities held to maturity | — | — | — | — | 247,000 | 248,000 | 240,000 | 227,000 |
| Principal collected on securities | — | — | — | — | — | — | — | 16,875 |
| Principal collected and proceeds from maturities of securities held to maturity | 262,000 | 260,000 | 258,000 | 260,000 | — | — | — | — |
| Principal collected on securities | — | — | — | 8,262,000 | 4,375,000 | 6,005,000 | 18,180,000 | — |
| Proceeds from life insurance | 687,000 | — | — | — | — | — | — | — |
| Net increase in loans | (9,662,000) | (196,771,000) | (335,871,000) | (348,738,000) | (26,566,000) | (304,202,000) | (108,847,000) | (85,798,000) |
| Purchase of Federal Reserve Bank stock | — | — | — | — | 0 | 0 | (634,000) | — |
| Proceeds from redemption of Federal Reserve Bank and Federal Home Loan Bank stock | — | 1,000 | 15,000 | 592,000 | 53,000 | 0 | 0 | 21,000 |
| Purchase of Federal Home Loan Bank stock | — | — | — | — | — | — | — | (2,562) |
| Purchase of Federal Reserve Bank and Federal Home Loan Bank stock | (499,000) | (48,000) | (4,950,000) | (1,338,000) | (2,018,000) | (4,253,000) | (2,785,000) | — |
| Proceeds from life insurance | — | — | — | 575,000 | — | 0 | 0 | 540,000 |
| Proceeds from sale of other real estate owned | — | — | 134,000 | 689,000 | 500,000 | 182,000 | 178,000 | 606,000 |
| Purchase of bank owned life insurance | (14,454,000) | — | — | — | (12,042,000) | (4,481,000) | (6,000,000) | — |
| Proceeds from sale of other real estate owned | 451,000 | 35,000 | — | — | — | — | — | — |
| Purchase of premises and equipment | (879,000) | (684,000) | (2,954,000) | (835,000) | (5,640,000) | (7,308,000) | (9,496,000) | (1,594,000) |
| Proceeds from sales of premises and equipment | — | — | — | — | 438,000 | 550,000 | 74,000 | 51,000 |
| Distributions received from tax credit investments | — | — | — | — | 0 | 920,000 | — | — |
| Net cash received in the acquisition of Dearmin Bancorp and FNBO | — | — | — | — | — | 0 | 0 | 6,667,000 |
| Proceeds from sales of premises and equipment | 69,000 | 150,000 | — | — | — | — | — | — |
| Investment in partnership interests | (6,051,000) | (8,311,000) | (6,176,000) | (2,242,000) | — | — | 0 | 0 |
| Acquisition of minority interests in Q2 | — | — | — | — | (3,172,000) | — | — | — |
| Acquisition of minority interests in Q2 | — | (18,000) | — | — | — | — | — | — |
| Net Cash Used In Investing Activities | (37,828,000) | (203,333,000) | (263,988,000) | (506,229,000) | (55,877,000) | (339,433,000) | (112,127,000) | (50,492,000) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Net increase (decrease) in deposits | (170,999,000) | 199,087,000 | 172,482,000 | 288,254,000 | 179,504,000 | 213,692,000 | 23,272,000 | 49,965,000 |
| Net decrease in federal funds purchased | — | — | — | — | 0 | (4,000,000) | 4,000,000 | — |
| Net decrease in repurchase agreements | — | — | — | — | 0 | 0 | (1,352,000) | 4,000 |
| Increase (decrease) in Federal Home Loan Bank line of credit | (6,640,000) | (1,543,000) | (4,120,000) | 12,303,000 | (20,858,000) | 8,314,000 | 12,544,000 | (18,065,000) |
| Proceeds from Federal Home Loan Bank advances | 2,495,000,000 | 1,990,000,000 | 7,455,000,000 | 1,130,000,000 | 455,000,000 | 350,000,000 | 310,000,000 | 224,500,000 |
| Repayment of Federal Home Loan Bank advances | (2,355,000,000) | (2,050,000,000) | (7,395,000,000) | (1,085,000,000) | (495,000,000) | (270,000,000) | (190,000,000) | (234,500,000) |
| Net decrease in Federal Reserve PPPLF borrowings | — | — | — | — | (174,834,000) | 174,834,000 | — | — |
| Repurchase or repayment of subordinated debt | (20,000,000) | — | (1,340,000) | — | — | — | — | — |
| Net proceeds from subordinated notes | — | — | — | 30,258,000 | — | 0 | 0 | 19,661,000 |
| Repayment of other long-term debt | — | — | — | — | — | — | — | 0 |
| Net increase (decrease) in advance payments by borrowers for taxes and insurance | — | — | (180,000) | (869,000) | (1,427,000) | 709,000 | 688,000 | 6,000 |
| Redemption of preferred stock | — | — | — | — | — | — | — | 0 |
| Net decrease in advance payments by borrowers for taxes and insurance | — | (96,000) | — | — | — | — | — | — |
| Net increase (decrease) in advance payments by borrowers for taxes and insurance | 119,000 | — | — | — | — | — | — | — |
| Proceeds from exercise of stock options | 629,000 | 94,000 | 16,000 | — | 27,000 | 148,000 | 408,000 | 362,000 |
| Treasury shares purchased with cash | — | — | — | — | — | — | — | (46) |
| Taxes paid on stock award shares for employees | — | — | (30,000) | (48,000) | (41,000) | (53,000) | (32,000) | — |
| Dividends paid on preferred stock | — | — | — | — | — | — | — | 0 |
| Proceeds from issuance of common stock from treasury | 62,000 | 15,000 | — | — | — | — | — | — |
| Purchase of treasury shares | (382,000) | (79,000) | (2,625,000) | (4,745,000) | — | — | — | — |
| Dividends paid on common stock | (4,384,000) | (4,051,000) | (3,793,000) | (4,499,000) | (1,685,000) | (1,590,000) | (1,472,000) | (1,343,000) |
| Distributions to noncontrolling interests | — | — | — | — | — | — | (2,046,000) | — |
| Distributions to noncontrolling interests | — | — | — | — | 0 | (638,000) | — | (2,000) |
| Net Cash Provided By (Used In) Financing Activities | (61,595,000) | 133,427,000 | 220,410,000 | 365,654,000 | (59,314,000) | 471,416,000 | 156,010,000 | 40,542,000 |
| Net Increase in Cash and Cash Equivalents | — | — | — | — | — | — | — | 8,015 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (20,291,000) | 21,297,000 | (10,820,000) | 8,237,000 | (298,000) | (7,706,000) | (842,000) | — |
| Cash and cash equivalents at beginning of year | — | — | — | 33,428,000 | 33,726,000 | 41,432,000 | 42,274,000 | 34,259,000 |
| Cash and Cash Equivalents at End of Year | — | — | — | — | 33,428,000 | 33,726,000 | 41,432,000 | 42,274,000 |
| Cash and cash equivalents at beginning of year | 52,142,000 | 30,845,000 | 41,665,000 | 33,428,000 | 33,726,000 | — | — | — |
| Cash and Cash Equivalents at End of Year | 31,851,000 | 52,142,000 | 30,845,000 | 41,665,000 | — | — | — | — |
| Supplemental Disclosures of Cash Flow Information: | ||||||||
| Interest | 70,557,000 | 59,468,000 | 34,031,000 | — | — | — | — | — |
| Income taxes (net of refunds received) | 2,888,000 | 8,141,000 | (116,000) | — | — | — | — | — |
| Non-cash activities: | ||||||||
| Net transfer from loans to loans held for sale | 87,229,000 | — | — | — | — | — | — | — |
| Transfers from loans to OREO | 649,000 | — | 474,000 | — | — | — | — | — |
| Cashless exercise of stock options | 286,000 | 40,000 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.