Hingham Institution for Savings (HIFS)

HIFS Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	54.55	28.19	26.37	37.52	67.46
Depreciation & Amortization	0.75	0.75	0.69	0.49	0.54
Other Amortization	0.15	0.03	0.33	0.31	0.67
Gain (Loss) on Sale of Assets	-	-	-0.13	-	-2.34
Gain (Loss) on Sale of Investments	-28.78	-20.38	-15.15	21.78	-11.82
Total Asset Writedown	-	-	-	-	0.07
Provision for Credit Losses	1.58	0.33	1.12	4.51	3.03
Accrued Interest Receivable	-2.9	1.68	-3.28	-9.18	-0.15
Other Operating Activities	5.32	4.42	2.91	-4.93	0.98
Operating Cash Flow	35.79	11.89	19.75	55.85	59.01
Operating Cash Flow Growth	200.95%	-39.79%	-64.63%	-5.35%	29.43%
Capital Expenditures	-0.27	-0.14	-1.3	-2.53	-1.6
Sale of Property, Plant and Equipment	-	-	1.51	-	2.82
Investment in Securities	-9.22	-16.16	-1.46	3.45	-14.29
Net Decrease (Increase) in Loans Originated / Sold - Investing	-27.07	40.22	-258.74	-663.5	-507.47
Other Investing Activities	-0.97	8.55	-16.59	-22.7	-6.81
Investing Cash Flow	-37.53	32.48	-276.59	-685.28	-527.34
Short-Term Debt Issued	-	-	-	1,016	85
Long-Term Debt Issued	685.82	1,368	2,895	-	440
Total Debt Issued	685.82	1,368	2,895	1,016	525
Short-Term Debt Repaid	-55	-163	-968	-	-
Long-Term Debt Repaid	-664	-1,401	-1,510	-405	-268.03
Total Debt Repaid	-719	-1,564	-2,478	-405	-268.03
Net Debt Issued (Repaid)	-33.19	-195.68	416.68	611	256.97
Issuance of Common Stock	0.24	1.27	1.06	0.32	0.23
Common Dividends Paid	-5.5	-5.48	-5.36	-4.84	-4.14
Net Increase (Decrease) in Deposit Accounts	56.22	142.12	-155.31	112.42	253.67
Other Financing Activities	1.73	2.76	1.62	3.14	0.41
Financing Cash Flow	19.51	-55.02	257.28	720.3	505.51
Net Cash Flow	17.78	-10.65	0.44	90.87	37.18
Free Cash Flow	35.53	11.75	18.46	53.33	57.41
Free Cash Flow Growth	202.25%	-36.31%	-65.39%	-7.11%	30.29%
Free Cash Flow Margin	34.56%	17.94%	29.07%	65.91%	50.03%
Free Cash Flow Per Share	16.13	5.36	8.41	24.22	26.08
Cash Interest Paid	128.84	155.54	118.23	28.57	118.23
Cash Income Tax Paid	12.67	0.63	8.61	21.21	8.61

Source: S&P Global Market Intelligence. Banks template. Financial Sources.