For the year ending 2025-12-31, HBIA had -$81,285K decrease in cash & cash equivalents over the period. $65,139K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 60,502 |
| Depreciation | 2,428 |
| Credit loss expense | 12,325 |
| Loss on sale of investment securities available for sale | -9,633 |
| Share-based compensation | 36 |
| Compensation expensed through issuance of common stock | 1,651 |
| Forfeiture of common stock | 794 |
| Provision for deferred income taxes | -2,500 |
| Purchase of state tax credits | -2,940 |
| Net (gain) loss on sale of other real estate owned and other repossessed assets | 313 |
| Equity in undistributed income of subsidiary | -449 |
| Net loss on disposal of property | -1,071 |
| (increase) in accrued interest receivable | 2,001 |
| Net accretion of discount on investment securities | 3,228 |
| (increase) in other assets | 4,007 |
| Amortization of operating lease right of use assets | 266 |
| Amortization of tax credit real estate investments | 2,587 |
| (increase) decrease in accrued interest and other liabilities | -2,906 |
| Loans originated for sale | 181,701 |
| Proceeds on sales of loans | 179,262 |
| Net gain on sales of loans | 1,637 |
| Net cash and cash equivalents provided by operating activities | 68,809 |
| Proceeds from maturities of investment securities available for sale | 167,282 |
| Proceeds from sale of investment securities available for sale | 99,040 |
| Purchases of investment securities available for sale | 250,167 |
| Proceeds from sale of stock of federal home loan bank | 61,266 |
| Purchases of stock of federal home loan bank | 65,305 |
| Loans made to customers, net of collections | 130,477 |
| Proceeds on sale of other real estate owned | 725 |
| Proceeds from sale of property and equipment | 0 |
| Purchases of property and equipment | 3,670 |
| Investment in tax credit real estate | 2,423 |
| Net changes from tax credit real estate investment | 0 |
| Net cash and cash equivalents used in investing activities | -123,729 |
| Net increase (decrease) in deposits | 21,702 |
| Net increase in other short-term borrowings | 40,246 |
| Payments of short term fhlbank borrowings, financing activities | 1,439,935 |
| Proceeds from short term fhlbank borrowings, financing activities | 1,397,785 |
| Principal payments on long-term fhlb borrowings | 325,567 |
| Proceeds from the issuance of long-term fhlb borrowings | 305,000 |
| Borrowings from federal reserve bank | 0 |
| Payments on federal reserve bank borrowings | 0 |
| Proceeds from exercise of stock options | 120 |
| Excise tax paid on shares repurchased | 111 |
| Purchase of common stock | 15,634 |
| Proceeds from the issuance of common stock through the employee stock purchase plan | 345 |
| Dividends paid | 10,316 |
| Net cash and cash equivalents provided by (used in) financing activities | -26,365 |
| Increase (decrease) in cash and cash equivalents | -81,285 |
| Beginning of year | 123,399 |
| End of year | 42,114 |
HILLS BANCORPORATION (HBIA)
HILLS BANCORPORATION (HBIA)