MBWM: the cash flow

Interest income

86,696

85,426

-

Interest expense

29,438

29,525

-

Net interest income

57,258

55,901

-

Provision for credit losses

-1,800

-

Net interest income after provision for credit losses

59,058

57,701

-

Noninterest income

11,499

11,688

-

Noninterest expense

39,376

42,107

-

Income before federal income tax expense

31,181

27,282

-

Federal income tax expense

5,254

4,597

-

Net income

25,927

22,685

22,840

23,758

Depreciation and amortization

1,178

1,697

1,389

1,344

Accretion of acquired loans

142

168

-

Provision for credit losses

-1,800

-700

200

Deferred income tax expense (benefit)

-

2,085

-

Stock-based compensation expense

1,022

971

821

929

Stock grants to directors for retainer fees

456

16

0

10

Proceeds from sales of mortgage loans held for sale

101,827

101,204

121,897

122,857

Origination of mortgage loans held for sale

108,180

102,736

118,246

109,209

Net gain from sales of mortgage loans held for sale

3,171

3,056

3,378

3,512

Loss from sale of mortgage loans

-

0

-

Net gain from sales and valuation write-downs of foreclosed assets

-

0

Net (gain) loss from sale and write-downs on former bank premises

-

0

Net loss from sales and disposals of premises and equipment

-9

-76

-24

-

Earnings on bank owned life insurance

776

665

1,332

857

Net loss (gain) on instruments designated at fair value and related derivatives

100

17

92

55

Accrued interest receivable

-1,479

1,526

-1,315

1,167

Other assets

-1,830

-18,650

17,695

13,142

Accrued interest payable and other liabilities

-4,290

-7,022

-3,279

1,949

Net cash from (for) operating activities

15,269

28,309

5,649

23,105

Loan originations and payments, net

98,213

-5,708

5,646

-83,413

Purchases of securities available for sale

38,353

42,926

60,211

38,603

Purchases of federal reserve bank stock

0

2,154

-

Proceeds from sale of mortgage loans

-

0

-

Proceeds from maturities, calls and repayments of securities available for sale

37,422

15,386

18,743

20,394

Net cash received from acquisition of eastern michigan financial corp

-

-53,569

-

Proceeds from sales of foreclosed assets

-

0

Purchases of federal home loan bank stock

-

0

-

Proceeds from sales of former bank premises

-

0

Purchases of bank owned life insurance

10,000

-

0

-

Proceeds from bank owned life insurance claims

0

186

1,728

1,062

Net purchases of premises and equipment and lease activity

328

938

227

2,639

Net cash for investing activities

-109,472

-24,738

7,956

63,627

Net increase (decrease) in time deposits

-77,671

-33,716

-24,293

-21,817

Net increase (decrease) in all other deposits

-45,532

168,709

22,034

123,158

Net increase (decrease) in securities sold under agreements to repurchase

-2,043

-12,778

-19,208

8,714

Payments on term note

2,500

-

Proceeds from term note issuance-Term Note

-

30,000

-

Payoffs and paydowns of federal home loan bank advances

20,000

30,899

20,000

10,000

Proceeds from federal home loan bank advances

10,000

20,000

0

Employee stock purchase plan

59

46

55

46

Dividend reinvestment plan

157

181

183

184

Payment of cash dividends to common shareholders

6,640

6,634

6,071

6,070

Net cash from (for) financing activities

-144,170

102,409

-17,300

94,215

Net change in cash and cash equivalents

-238,373

105,980

-3,695

180,947

Cash and cash equivalents at beginning of period

579,304

473,324

477,019

393,010

Cash and cash equivalents at end of period

340,931

579,304

473,324

477,019

MyFinsight

Cash Flow Overview

Time Plot

Cash Flow

Cash Flow Overview

Time Plot

Cash Flow