Arrow Financial Corporation AROW Cash Flow

Arrow financial corporation (AROW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities:
Net Income
8,127	9,740	10,067	8,934	8,734	8,758	9,260	9,730	8,531	8,071	7,416	7,208	6,631	6,600	6,738	6,647	6,549	6,569	5,933	6,305	5,855	6,369	6,147	5,524	5,320	5,784	5,623	5,207	5,181	5,549	5,748	5,594	5,288	5,431	5,372	5,849	5,281
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Provision for Loan Losses
2,772	634	518	455	472	646	586	629	746	1,156	800	422	358	483	480	669	401	465	537	70	275	441	444	505	458	0	0	100	100	175	150	240	280	280	175	170	220
Depreciation and Amortization
1,597	1,509	1,478	1,207	1,309	1,175	1,168	1,209	1,199	1,151	1,259	1,464	1,524	1,335	1,491	1,538	1,576	1,449	1,578	1,640	1,626	1,420	1,768	1,889	1,965	1,962	2,123	2,412	2,373	2,301	2,192	2,320	2,043	1,909	1,655	1,536	1,409
Net Loss (Gain) on Securities Transactions
-374	-	146	0	76	-	114	223	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Unrealized Gains on Equity Securities
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of ESOP Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	612	143	146	221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on the Sale of Securities Available-for-Sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	0	16	90	0	137	0	0	0	0	0	527	230	1,364	-143	-502	5,590	-1,754	-1,583	542
Loans Originated and Held-for-Sale
9,322	-	10,302	6,087	4,223	-	1,024	-9,972	12,326	-	7,244	5,460	2,186	-	7,593	6,630	5,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans Originated and Held-for-Sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,998	5,107	6,656	3,970	6,694	6,739	5,131	4,592	4,556	9,080	13,623	18,842	19,677	68,584	-17,124	-10,469	65,050	-7,873	-30,904	12,838
Proceeds from the Sale of Loans Held-for-Sale
7,975	5,114	10,088	5,618	3,718	806	1,422	-10,322	12,520	3,690	6,363	6,300	1,818	4,865	8,929	4,855	5,773	5,909	7,995	3,946	3,674	7,727	6,886	4,716	4,277	6,241	8,189	14,483	21,385	18,480	14,881	17,050	10,630	13,245	7,816	6,450	21,867
Net Gain on the Sale of Loans
213	121	257	140	104	20	54	23	38	115	181	205	45	172	311	158	180	204	236	120	132	282	213	166	123	189	166	498	607	788	2,388	-537	-357	1,303	-219	-269	51
Net (Gain) Loss on the Sale of Premises and Equipment, Other Real Estate Owned and Repossessed Assets
91	-84	-366	-302	-130	-4	-38	-85	-32	-13	-75	-115	-7	-112	-73	2	-49	-161	-24	-112	0	-25	-6	-43	-3	-33	19	-1	-105	21	88	-68	30	41	-11	2	0
Contributions to Retirement Benefit Plans
195	183	168	171	153	220	172	218	134	152	181	294	165	156	164	186	184	3,284	158	255	161	265	191	204	261	-	-	-	-	-	-	-	-	-	-	-	-
Contributions to Retirement Benefits Plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	-191	-	-84	-80	-80	-3,580	-41	-1,600	-98
Deferred Income Tax Benefit
-873	988	-75	-272	-297	297	-128	-41	-220	-1,510	74	-12	-82	181	-61	-399	-4	-206	945	-241	538	119	-238	-135	-45	377	10	-451	358	194	-236	-23	-288	1,664	-29	577	-40
Shares Issued Under the Directors’ Stock Plan
-	-	-	-	-	-	-	-	-	-	1	-105	-22	-	-8	-104	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allocation of ESOP Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-143	-136	-213	-4	-119	-125	-204	-10	-108	-118	-190	-2	-706	111	188	-	-	-	-
Share-based Payment Arrangement, Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	233
Shares Issued Under the Directors' Stock Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-107	-11	-	0	-101	0	-	0	-96	-10	-	-175	87	0	-	-	-	-
Stock-Based Compensation Expense
103	-	98	99	95	-	89	89	89	-	89	89	83	-	70	71	74	75	76	75	82	90	90	90	90	91	92	92	97	109	108	108	99	88	92	92	82
Tax Benefit from Exercise of Stock Options
-28	-28	-20	-101	-78	-35	-45	-48	-112	0	0	-67	-45	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase in Other Assets
5,719	3,225	7,240	497	1,565	152	1,216	-581	395	-1,532	1,130	-327	886	-1,447	326	-264	2,983	-7,987	7,357	-643	2,420	-340	432	-311	1,025	723	1,149	-4,751	991	-1,165	-2,507	500	1,064	2,927	1,237	-2,293	-146
Net Increase in Other Liabilities
8,563	-450	7,186	681	2,613	-2,656	2,653	-2,858	2,185	-837	441	-1,439	2,817	-2,350	693	-2,231	4,965	-4,895	1,935	-542	3,000	-256	-36	-1,207	1,274	1,439	2,037	-3,696	1,006	2,827	-2,612	116	659	-3,925	588	2,166	1,860
Net Cash Provided By Operating Activities
13,126	11,220	11,633	10,360	10,731	8,379	12,553	8,761	12,283	11,429	7,770	8,687	9,941	9,526	10,170	4,544	10,455	8,913	6,308	5,204	8,501	9,134	7,474	6,488	7,545	10,442	7,635	8,949	9,647	6,489	9,235	8,151	8,585	4,485	7,095	6,976	17,529
Cash Flows from Investing Activities:
Proceeds from the Sale of Securities Available-for-Sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,546	22	45,102	23	18,724	2,702	11	9,192	40,725	0	11	11	12	16,261	41,703	630	5,534	10,851	153	21,885	6,468	10,503
Proceeds from the Maturities and Calls of Securities Available-for-Sale
17,444	16,981	27,391	30,425	21,261	25,144	11,628	15,655	9,380	10,246	11,750	20,041	11,826	22,754	22,185	26,277	17,503	22,846	14,995	33,147	22,829	21,266	24,569	62,385	44,907	42,371	29,178	37,833	22,846	35,031	49,839	47,572	77,782	43,794	90,588	97,070	48,674
Purchases of Securities Available-for-Sale
33,201	60,930	55,028	15,390	0	0	28,148	36,619	19,979	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Securities Available-for-Sale
-	-	-	-	-	-	-	-	-	-	10,179	0	12,324	-	0	10,909	11	76,914	20,418	52,815	51,673	13,269	43,169	40,610	16,905	15,129	13,515	67,844	39,928	133,646	45,342	17,753	288	129,733	72,922	66,300	85,355
Proceeds from the Maturities and Calls of Securities Held-to-Maturity
7,075	10,446	8,553	17,289	5,319	9,257	10,105	33,157	6,459	10,182	8,800	19,788	10,474	14,166	8,486	24,596	9,213	10,006	8,319	22,904	7,180	11,112	8,167	20,874	16,561	12,014	17,309	11,090	6,815	14,500	13,029	13,467	8,987	15,905	582	11,557	12,648
Purchases of Securities Held-to-Maturity
717	605	1,303	638	1,457	3,000	2,401	1,184	921	4,833	2,583	32,879	556	21,647	3,214	53,406	4,166	13,414	1,981	42,160	10,655	16,939	7,587	1,052	35,328	38,047	42,461	10,182	18,930	9,866	5,562	66,164	59,043	20,228	8,716	2,757	0
Net Increase in Loans
27,317	53,100	55,665	45,150	39,545	70,962	69,009	64,630	42,968	43,957	30,119	68,887	57,637	48,449	36,516	48,127	48,973	38,768	61,701	42,529	21,712	32,914	37,642	33,673	44,253	24,955	37,753	40,442	-4,247	17,871	7,536	9,189	6,355	10,990	794	-14,406	-486
Proceeds from the Sales of Premises and Equipment, Other Real Estate Owned and Repossessed Assets
781	229	503	337	442	750	434	207	437	578	291	235	304	248	305	1,220	218	904	177	562	258	144	175	629	289	575	774	99	341	436	244	353	230	397	121	117	135
Purchase of Premises and Equipment
1,072	1,087	2,309	2,290	2,099	2,732	976	768	627	1,267	468	620	247	358	556	224	303	390	95	763	373	583	267	529	89	298	482	462	991	2,920	2,098	2,030	1,025	2,441	1,516	614	801
Cash Paid for Subsidiaries, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75	0	0	0	75	0	0	0	75	-1	-190	-74	3,561
Proceeds from the Sale of a Subsidiary, Net
-	-	-	-	-	-	-	-	-	-	49	0	23	-	24	25	23	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Decrease in Other Investments
-4,938	3,690	-1,575	324	-7,628	4,640	-223	6,309	-5,169	3,245	-4,331	4,209	-4,086	5,541	-4,590	4,812	-3,690	3,696	-1,327	1,664	-45	1,850	-1,582	687	-2,385	2,385	-2,240	1,643	-1,299	1,305	8	97	-2,340	1,962	-2,259	-683	-900
Purchase of Bank Owned Life Insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,869	0	0	12,833
Net Cash Used By Investing Activities
-32,069	-91,756	-76,283	-15,741	-8,451	-46,160	-78,118	-60,442	-43,050	-29,871	-8,113	-66,531	-44,051	-75,495	-4,696	-54,814	-22,784	-54,192	-59,354	-64,594	-51,399	-33,022	-44,980	42,817	-32,508	-25,843	-44,699	-70,358	-8,115	-73,938	3,196	-28,307	33,404	-107,973	31,677	60,704	-29,204
Cash Flows from Financing Activities:
Net Increase in Deposits
194,951	1,507	110,794	13,656	144,513	-62,271	103,074	-106,492	166,157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Decrease in Short-Term Federal Home Loan Bank Borrowings
-130,000	-	-35,000	8,500	-159,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase in Short-Term Borrowings
6,810	-21,770	21,720	-7,258	3,748	-7,844	2,255	-14,709	9,991	3,547	20,527	8,857	-3,801	-2,753	-2,908	78,342	-60,018	39,759	141	8,378	-44,526	52,767	-21,242	27,109	-50,990	48,800	-38,761	42,572	-29,512	23,636	1,945	-555	-51,641	18,626	-12,905	3,163	6,195
Finance Lease Payments
5	9	7	8	4	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase in Deposits
-	-	-	-	-	-	-	-	-	-	87,078	-36,498	139,990	-	140,802	-42,676	84,638	-51,628	109,567	-46,220	115,756	-32,408	74,690	-87,353	105,689	-53,045	115,470	-71,301	120,051	-40,306	66,578	-55,995	116,832	-5,293	107,480	-66,260	74,115
Net Decrease in Short-Term Federal Home Loan Bank Borrowings
-	-	-	-	-	-	-	-	-105,000	-	-89,000	90,000	-91,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank Advances
40,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-29,500	34,500	40,000	-12,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Federal Home Loan Bank Term Advances
20,000	0	0	5,000	10,000	0	0	0	10,000	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	0	50,000	30,000	20,000
Purchase of Treasury Stock
1,507	101	327	649	1,392	275	409	795	619	481	851	740	1,176	315	178	1,121	527	251	485	705	57	220	667	403	1,165	197	183	1	1,328	-	-	-	-	-	-	-	-
Purchases of Treasury Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-191	-717	-2,237	-2,147	-1,133	-2,007	-752
Stock Options Exercised, Net
343	152	315	790	535	278	285	1,082	610	456	33	313	388	629	454	774	547	387	461	0	70	391	543	46	474	289	470	5	490	655	301	0	1,149	560	540	-1	314
Tax Benefit from Exercise of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	-	-	-	-
Shares Issued Under the Employee Stock Purchase Plan
121	133	110	133	117	137	116	136	116	145	109	136	106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Issued Under the Employee Stock Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-138	-112	-	-110	-138	-111	-137	-110	-136	-105	-129	-104	-134	-110	-137	-105	-135	-107	-126	-102	-131	-115
Tax Benefit from Exercise of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	25	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Benefit for Exercises of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	31	0	0	3	13	4	5	6	8	1	8	-	-	-	-	-	-	-	-
Shares Issued for Dividend Reinvestment Plans
442	444	429	451	453	459	446	425	431	428	411	420	425	441	428	436	438	447	439	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Dividends Paid
3,904	-	3,781	3,768	3,760	-	3,648	3,497	3,485	-	3,375	3,370	3,374	-	3,253	3,244	3,239	-	3,164	3,159	3,156	-	3,087	3,084	3,085	-	-	-	-	-	-	-	-	-	-	-	-
Tax Benefit from Exercise of Stock Options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Shares Issued for Dividend Reinvestment Plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-440	-465	-464	-467	-440	-439	-450
Cash Dividends Paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,005	-3,009	-2,995	-2,942	-2,934	-2,944	-2,935	-2,845	-2,830	-2,838
Net Cash Provided (Used) By Financing Activities
87,251	58,459	94,253	6,847	-25,290	29,725	97,119	12,150	58,201	10,614	14,932	59,118	41,558	21,265	33,470	52,674	21,972	26,656	77,600	-7,068	108,198	5,519	50,360	-73,545	51,033	-6,671	64,516	-31,165	86,810	-20,137	66,236	-59,601	51,783	9,434	41,698	-87,363	57,599
Net Increase (Decrease) in Cash and Cash Equivalents
68,308	-22,077	29,603	1,466	-23,010	-8,056	31,554	-39,531	27,434	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-	14,589	1,274	7,448	-44,704	38,944	2,404	9,643	-18,623	24,554	-66,458	65,300	-18,369	12,854	-24,240	26,070	-22,072	27,452	-92,574	88,342	-87,586	78,667	-79,757	93,772	-94,054	80,470	-19,683	45,924
Supplemental Disclosures to Statements of Cash Flow Information:
Interest on Deposits and Borrowings
5,264	5,514	5,339	5,066	4,924	4,266	3,416	2,581	1,949	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on Deposits and Borrowings
-	-	-	-	-	-	-	-	-	-	-	1,686	1,539	-	1,387	1,275	1,270	1,308	1,251	1,217	1,080	1,303	1,407	1,594	1,628	1,749	1,766	2,253	2,299	2,598	2,863	3,355	3,704	4,111	4,673	5,172	5,534
Income Taxes
344	2,800	2,100	4,720	311	2,544	2,199	4,904	390	3,050	2,775	5,335	294	2,200	3,520	5,515	726	1,100	3,397	4,225	635	3,025	2,550	4,150	335	2,250	2,075	3,500	511	2,875	2,675	3,125	191	2,300	1,471	3,860	321
Non-cash Investing and Financing Activity:
Transfer of Loans to Other Real Estate Owned and Repossessed Assets
371	-	432	370	728	-	204	132	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of Loans to Other Real Estate Owned and Repossessed Assets
-	-	-	-	-	-	-	-	-	724	467	229	359	1,020	462	140	254	833	1,457	362	394	171	205	448	484	207	80	80	604	342	229	623	232	383	400	91	137
Shares Issued for Acquisition of Subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	91	0	0	142	91	0	100	42	91	-56	2,183	74	3,060
Fair Value of Assets from Acquisition of Subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90	3,040	0	7,688
Fair Value of Liabilities from Acquisition of Subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	1,047	0	1,067