For the quarter ending 2025-09-30, HBIA had -$5,296K decrease in cash & cash equivalents over the period. $22,050K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 12,905 | 33,085 |
| Depreciation | 612 | 1,198 |
| Credit loss expense | 5,975 | 5,007 |
| Loss on sale of investment securities available for sale | -4,294 | - |
| Forfeiture of common stock | 432 | 217 |
| Share-based compensation | 12 | 12 |
| Compensation expensed through issuance of common stock | 352 | 446 |
| Provision for deferred income taxes | -455 | -9,056 |
| Net loss (gain) on sale of other real estate owned and other repossessed assets | -53 | 366 |
| Loss from equity method investments | -115 | -219 |
| Increase in accrued interest receivable | 2,471 | 1,384 |
| Accretion of discount on investment securities, net | 782 | 1,450 |
| Increase in other assets | 1,196 | 183 |
| Amortization of operating lease right-of-use assets | 67 | 131 |
| Amortization of tax credit real estate investments | 285 | 954 |
| Increase (decrease) in accrued interest payable and other liabilities | 1,288 | -3,787 |
| Loans originated for sale | 43,627 | 74,751 |
| Proceeds on sales of loans | 46,232 | 73,612 |
| Net gain on sales of loans | 410 | 703 |
| Net cash and cash equivalents provided by operating activities | 22,711 | 23,499 |
| Proceeds from maturities of investment securities available for sale | 10,648 | 133,112 |
| Proceeds from sales of investment securities available for sale | 39,726 | - |
| Purchases of investment securities available for sale | 66,458 | 114,060 |
| Proceeds from sale of stock of federal home loan bank | 18,129 | 23,857 |
| Purchases of stock of federal home loan bank | 17,545 | 29,115 |
| Loans made to customers, net of collections | 40,973 | 79,243 |
| Proceeds on sale of other real estate owned and other repossessed assets | 730 | 486 |
| Purchases of property and equipment | 661 | 1,223 |
| Investment in tax credit real estate | 1,193 | 1,230 |
| Net changes from tax credit real estate investment | 0 | 0 |
| Net cash and cash equivalents used in investing activities | -57,597 | -67,416 |
| Net increase in deposits | 46,061 | -13,927 |
| Net increase in other short-term borrowings | 197,292 | -155,188 |
| Principal payments on short-term fhlb borrowings | 392,663 | 412,396 |
| Proceeds from the issuance of short-term fhlb borrowings | 392,663 | 370,246 |
| Principal payments on long-term fhlb borrowings | 210,250 | 103,067 |
| Proceeds from the issuance of long-term fhlb borrowings | 0 | 305,000 |
| Purchase of common stock | 3,601 | 7,518 |
| Proceeds from the issuance of common stock through the employee stock purchase plan | 88 | 177 |
| Dividends paid | 0 | 10,316 |
| Net cash and cash equivalents provided by financing activities | 29,590 | -26,989 |
| Decrease in cash and cash equivalents | -5,296 | -70,906 |
| Cash and cash equivalents at beginning of period | 123,399 | - |
| Cash and cash equivalents at end of period | 47,197 | - |
HILLS BANCORPORATION (HBIA)
HILLS BANCORPORATION (HBIA)