Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
48.02 |
36.24 |
21.60 |
11.78 |
46.66 |
Depreciation & amortization |
3.95 |
2.93 |
1.91 |
0.92 |
4.15 |
Amortization of Other Assets |
1.73 |
1.20 |
0.66 |
0.23 |
1.45 |
Extraordinary Item, Gain (Loss), Insurance Assets, Accretion Expense
|
- |
- |
- |
- |
- |
Impairment of Long-Lived Assets Held-for-use |
- |
- |
- |
- |
- |
Provision for Loan, Lease, and Other Losses |
- |
- |
- |
- |
- |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Assets |
-0.11 |
-0.10 |
0.05 |
0.05 |
-1.98 |
Share-based Compensation |
0.60 |
0.52 |
0.43 |
0.12 |
0.72 |
Income (Loss) from Equity Method Investments |
- |
- |
- |
- |
- |
Payments for Origination of Mortgage Loans Held-for-sale |
- |
- |
- |
- |
- |
Net Gains On Acquisitions |
- |
- |
- |
- |
- |
Contribution Of Treasury Stock To Employee Saving Plan |
- |
- |
- |
- |
- |
Provision For Recovery Of Loan And Lease Losses |
- |
- |
- |
- |
- |
F D I C Indemnification Asset Accretion Amortization |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
- |
- |
- |
- |
Issuance Of Common Stock To401k Plan |
0.01 |
0.01 |
0.01 |
0.29 |
0.19 |
Debt And Equity Securities Realized Gain Loss |
- |
- |
-0.01 |
- |
- |
Provision For Loan Losses Expensed |
6.96 |
5.85 |
-0.19 |
-1.74 |
-0.87 |
Accretion On Acquired Loans |
-1.95 |
-1.08 |
- |
- |
- |
Income taxes |
4.23 |
4.43 |
1.25 |
1.06 |
3.67 |
Gain (Loss) on Sale of Securities, Net |
- |
- |
- |
- |
- |
Increase (Decrease) in Accrued Interest Receivable, Net |
- |
-1.15 |
-0.91 |
0.63 |
- |
Accounts Payable |
- |
- |
- |
- |
- |
Accrued Expense |
- |
- |
- |
- |
- |
Deferred Revenue and Customer Advances and Deposits |
- |
- |
- |
- |
- |
Prepaid Expense and Other Assets |
- |
- |
- |
- |
- |
Other Working Capital |
- |
- |
- |
- |
- |
Other Noncash Items |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-2.47 |
-2.24 |
-1.99 |
1.22 |
6.31 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
61.83 |
46.83 |
27.78 |
15.83 |
59.02 |
Capital Expenditures |
-2.77 |
-2.25 |
-1.93 |
-1.01 |
-1.16 |
Sale of Capital Items |
1.83 |
1.83 |
0.01 |
0.00 |
1.54 |
Short-term Investments Proceeds |
122.57 |
114.88 |
64.77 |
27.63 |
25.75 |
Payments to Acquire Available-for-sale Securities, Debt |
-74.10 |
-68.87 |
-54.27 |
-31.86 |
-269.34 |
Proceeds from Sale of Other Real Estate |
0.80 |
0.62 |
0.38 |
0.23 |
0.56 |
Cash From Invested In Acquisitions And Divestitures Net |
- |
- |
- |
- |
- |
Proceeds From Federal Deposit Insurance Corporation |
- |
- |
- |
- |
- |
Payments To The Federal Deposit Insurance Corporation |
- |
- |
- |
- |
- |
Payments For Proceeds From Divestiture Of Businesses Net Of Cash Divested |
176.68 |
- |
- |
- |
- |
Restricted Cash and Investments Increase (Decrease) |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans and Leases |
64.54 |
43.58 |
16.75 |
9.70 |
-236.62 |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investments |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Federal Home Loan Bank Stock |
-0.88 |
-0.88 |
-0.15 |
-3.83 |
-0.24 |
Cash Acquired from Acquisition |
- |
- |
176.68 |
- |
- |
Interest in Subsidiaries and Affiliates |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Businesses and Interest in Affiliates |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Receivables |
- |
- |
- |
- |
- |
Proceeds from Life Insurance Policies |
- |
- |
- |
3.72 |
1.76 |
Other Net |
- |
- |
0.00 |
0.00 |
-59.04 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
288.66 |
265.58 |
202.25 |
4.57 |
-536.78 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
- |
- |
- |
- |
- |
Long-term debt - repayments |
- |
- |
- |
- |
0.34 |
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-22.95 |
-16.99 |
-7.64 |
0.05 |
-21.14 |
Partnership and Parent Transactions |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Deposits, Annuities, Contract Holders Funds |
-360.13 |
-336.31 |
-229.77 |
-94.19 |
10.48 |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
- |
- |
0.00 |
- |
0.00 |
Proceeds From Payment For In Securities Sold Under Agreements To Repurchase |
-0.85 |
-0.53 |
-0.01 |
- |
- |
Payments of Ordinary Dividends, Preferred Stock and Preference Stock |
- |
- |
- |
- |
- |
Dividends paid |
-21.09 |
-15.72 |
-10.27 |
-4.71 |
-18.52 |
Net Cash flow from
Financing Activities |
-404.92 |
-369.87 |
-248.21 |
-98.86 |
-28.84 |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
60.89 |
46.41 |
25.86 |
14.82 |
59.41 |
Total Cash Flow |
-54.43 |
-57.45 |
-18.19 |
-78.46 |
-506.59 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
- |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
11.78 |
5.59 |
4.64 |
- |
7.59 |