Ameriserv financial inc /pa/ (ASRV)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES
Net income

1,409

669

1,689

1,792

1,878

1,928

2,329

1,744

1,767

-995

1,551

1,389

1,348

1,150

1,065

1,362

-1,267

1,374

1,833

1,421

1,369

749

365

979

930

1,841

1,226

1,070

1,056

735

1,307

1,432

1,565

1,770

1,566

1,938

1,263

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision (credit) for loan losses

175

975

225

0

-400

-700

0

50

50

50

200

325

225

300

300

250

3,100

500

300

200

250

375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-150

250

-

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-500

-625

-

-550

-1,175

-600

Depreciation and amortization expense

492

513

433

477

450

381

337

407

405

441

362

434

428

497

414

447

445

444

421

469

456

477

435

467

457

505

396

396

386

407

350

391

375

379

355

365

378

Net amortization of investment securities

-65

-76

-70

-67

-66

-74

-80

-90

-103

-90

-108

-112

-126

-146

-139

-116

-87

-88

-73

-96

-85

-102

-97

-90

-96

-126

-180

-223

-226

-277

-314

-271

-262

-273

-162

-127

-174

Net realized (gains) losses on investment securities - available for sale

-

-

-

-

-

-291

0

0

-148

0

56

32

27

0

60

60

57

79

-36

28

0

0

0

120

57

67

66

0

71

0

0

12

0

0

0

0

-358

Net gains on loans held for sale

237

291

405

107

62

96

176

119

98

162

217

186

114

332

260

185

107

173

178

225

191

201

275

171

101

177

285

241

386

343

262

251

276

209

186

155

262

Amortization of deferred loan fees

26

51

31

30

30

34

48

32

35

45

32

34

51

57

44

56

74

47

69

66

67

64

64

59

75

76

69

77

82

106

48

41

45

49

48

52

82

Origination of mortgage loans held for sale

15,264

21,228

16,795

7,571

3,866

5,555

8,593

10,707

4,061

11,592

11,358

15,104

7,583

16,703

22,334

12,989

7,226

12,545

11,336

16,114

11,764

15,376

17,712

12,284

6,109

11,140

15,897

17,501

16,288

18,329

18,842

22,349

17,168

19,619

15,057

12,439

11,525

Sales of mortgage loans held for sale

15,619

22,600

12,575

6,973

4,156

5,845

11,383

8,014

6,441

10,409

14,425

13,273

8,178

22,718

16,957

12,472

7,898

12,628

12,994

15,521

13,431

14,490

18,712

10,574

6,804

10,749

19,973

15,058

23,309

14,737

18,472

19,544

21,601

16,881

13,566

11,308

17,992

Increase in accrued interest receivable

310

-316

-151

-16

443

-518

543

-91

-48

100

172

131

84

109

-279

-9

238

-258

5

10

173

-153

94

-13

291

-392

58

-63

345

-443

244

13

-70

40

-495

221

240

Decrease in accrued interest payable

-150

239

140

184

-17

-64

439

48

-121

132

130

-9

-139

7

162

-13

-167

50

150

-94

-161

95

133

-120

-186

115

112

-188

-338

-52

104

-167

-325

-90

48

-107

-869

Earnings on bank owned life insurance

125

-

131

129

128

-

135

133

132

-

-

-

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

212

215

-

-

-

-

Earnings on bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

169

167

176

173

170

171

189

188

184

187

206

203

201

201

-

-

-

-

-

-

-

-

Deferred income taxes

351

-444

-62

153

532

2,416

166

-364

447

3,328

362

-10

623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings on bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140

556

-976

-

434

86

285

423

-115

113

141

823

496

430

401

258

596

726

521

-910

1,463

2,724

-519

Amortization of deferred issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

10

-

9

10

10

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

1

1

1

2

3

3

3

4

4

-157

106

22

42

-69

24

10

55

7

23

24

132

10

11

13

32

20

31

20

17

-

21

3

6

-

3

5

6

Net change in operating leases

23

21

21

21

4

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in prepaid Federal Deposit Insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1,324

-120

-80

-90

-100

-100

-139

-248

-439

-433

Other, net

2,603

170

537

-648

434

654

5,378

-1,245

1,401

-726

2,718

-488

233

-853

3,326

-2,238

912

-862

2,979

-1,139

696

-1,858

2,015

-637

-699

-370

2,020

-1,419

736

-810

1,635

-729

1,350

-181

248

1,667

-4,808

Net decrease in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,520

-2,847

1,102

Net cash provided by (used in) operating activities

-626

3,551

-2,786

2,424

1,701

4,217

-136

338

3,565

1,981

2,548

384

2,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-349

4,496

-

71

-1,976

12,201

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,998

404

-

1,524

2,249

2,785

2,902

-41

-52

2,153

2,275

3,816

1,945

6,818

-

-

-

-

-

-

-

-

INVESTING ACTIVITIES
Purchase of investment securities - available for sale

6,223

6,383

1,038

1,600

9,063

15,056

7,911

9,292

13,168

5,308

4,765

8,621

14,195

17,948

6,002

12,766

6,128

12,833

1,998

7,410

0

2,003

3,071

4,624

2,520

8,949

10,269

20,737

10,170

2,000

4,962

15,720

11,517

11,810

10,130

13,999

49,413

Purchase of investment securities - held to maturity

2,618

1,257

1,000

0

0

2,341

1,000

1,550

855

1,107

1,675

1,314

6,476

3,405

3,925

2,601

2,107

1,442

3,250

1,545

0

651

843

1,448

151

510

2,000

3,009

3,423

409

995

3,583

0

2,585

2,000

0

1,991

Proceeds from maturities of investment securities - available for sale

6,380

-

-

-

3,484

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities – available for sale

-

-

-

-

-

-

-

0

4,479

-

937

1,553

5,653

0

1,544

3,174

4,248

1,191

1,860

519

0

0

0

2,489

2,753

8,887

1,080

0

1,218

0

0

4,221

0

0

0

0

16,518

Proceeds from maturities of investment securities – available for sale

-

-

-

-

-

-

-

4,934

3,695

-

5,176

5,595

6,570

5,824

6,693

5,408

6,649

5,469

8,683

5,528

4,852

6,319

5,818

5,335

5,428

5,972

9,788

14,242

13,305

16,106

14,964

12,878

15,852

13,498

17,052

11,922

10,771

Proceeds from maturities of investment securities - held to maturity

467

604

1,432

757

214

234

1,224

1,276

917

1,329

318

361

375

527

1,505

408

253

368

2,455

1,428

350

295

428

346

321

358

2,571

741

755

883

1,671

511

453

812

603

269

441

Purchase of regulatory stock

2,010

2,303

2,277

4,873

4,104

4,488

4,590

5,679

3,924

4,767

4,313

4,050

4,531

2,078

1,225

2,679

4,929

5,209

4,647

5,586

3,878

3,138

2,782

2,067

1,830

1,685

1,864

2,316

0

-

-

-

-

-

-

-

-

Proceeds from redemption of regulatory stock

2,007

1,948

3,410

4,145

4,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term loans originated

42,615

181,811

2,810

-28,057

49,039

143,748

8,800

643

2,000

147,933

1,983

3,988

150

12,244

0

953

3,995

3,500

6,399

1,120

4,000

1,100

2,483

1,764

0

3,990

1,000

5,000

3,000

3,000

4,492

6,000

4,000

0

5,000

-345

3,845

Proceeds from redemption of regulatory stock

-

-

-

-

-

-

-

-

-4,334

-

-4,186

-4,032

-3,606

-2,074

-1,607

-3,589

-4,910

-5,242

-5,166

-3,907

-4,425

-4,117

-2,273

-1,083

-2,973

-1,523

-2,215

-1,015

-614

-629

-509

-280

-294

-311

-326

-344

-361

Long-term loans originated

-

-

-

-

-

-

-

-

28,694

-

40,552

30,982

50,495

51,809

36,968

55,789

52,432

60,440

66,908

50,412

68,544

50,546

50,157

39,222

37,426

60,816

48,270

61,630

34,833

84,447

24,152

86,840

37,246

-

-

-

-

Long-term loans originated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,883

Principal collected on long-term loans

52,578

33,302

56,375

46,723

48,654

41,746

57,698

37,139

44,999

35,126

36,519

38,587

37,520

68,630

41,428

30,473

48,974

43,237

63,247

35,648

41,248

38,590

32,190

25,656

34,040

35,321

33,428

35,234

42,737

65,433

13,159

67,252

36,401

47,932

35,764

30,588

47,072

Loan participations sold

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13,900

5,000

5,331

6,388

4,300

7,755

3,000

5,560

2,250

0

7,500

0

0

1,000

-

-

-

-

-

-

-

-

Loans sold or participated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,500

0

-

-

-

-

Proceeds from sale of other real estate owned

21

16

0

22

176

12

12

10

12

48

0

37

23

136

52

34

13

101

0

425

53

492

20

434

0

-34

854

60

113

50

86

24

0

-

-

-

-

Purchase of premises and equipment

421

271

336

819

1,395

1,453

397

217

77

517

861

625

702

368

349

436

227

190

218

253

220

77

445

809

389

361

817

680

1,146

1,018

652

456

521

585

278

468

335

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

182

Proceeds from life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

458

940

0

200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

7,566

-13,354

29,149

-22,333

-6,484

11,527

5,032

-23,586

9,718

5,591

-4,213

1,199

-22,802

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,933

-284

-

-3,820

-11,927

2,878

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,238

229

-

5,319

-14,571

-17,759

-8,260

-13,492

-12,341

3,199

-17,463

-14,284

-41,724

7,170

-

-

-

-

-

-

-

-

FINANCING ACTIVITIES
Net increase (decrease) in deposit balances

-2,920

-9,476

1,509

10,701

8,608

4,958

16,037

-16,030

-3,739

-18,976

10,546

-8,401

-3,010

5,050

21,805

34,158

3,479

33,395

6,997

-29,775

22,722

-2,453

-1,519

-1,416

20,763

2,332

11,953

-7,001

11,460

-14,376

-3,908

33,883

3,730

-11,081

17,486

-6,522

13,839

Net decrease in other short-term borrowings

-6,058

11,137

-23,915

4,278

-10,117

-20,225

-21,678

46,037

-12,189

15,491

-8,508

8,425

20,922

4,853

-14,674

-17,377

-8,796

-4,240

-10,442

36,211

-11,661

12,442

7,761

6,194

-29,072

10,459

-3,196

34,292

-15,660

-

-

-

-

-

-

-

-

Net increase (decrease) in other short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,390

14,375

-

0

0

4,550

Principal borrowings on advances from Federal Home Loan Bank

11,050

5,618

8,506

5,553

2,850

6,176

2,576

2,000

1,740

3,187

5,000

1,000

3,500

2,500

4,000

1,042

2,000

1,000

5,000

2,000

2,000

5,000

3,000

6,000

3,000

4,000

5,000

0

9,000

4,000

17,000

0

0

-

-

-

-

Principal repayments on advances from Federal Home Loan Bank

6,500

7,580

6,000

1,000

1,000

2,000

4,000

4,000

2,000

1,000

6,000

2,000

3,000

6,000

5,000

0

1,000

1,000

3,000

0

0

-

-

-

-

0

0

0

6,000

3,000

8,000

2,000

1,000

5,707

15

14

14

Principal payments on financing lease liabilities

49

47

43

42

41

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised

49

3

0

11

85

0

5

28

28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

151

384

1,004

686

476

638

1,263

0

445

647

888

877

992

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

270

86

2,976

1,085

-

-

-

-

Preferred stock redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividend paid

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15

53

52

52

53

52

53

52

53

52

53

52

52

52

251

262

263

266

263

262

263

Common stock dividends

423

426

431

436

349

355

360

360

272

274

276

280

283

284

285

188

188

188

189

189

188

189

187

189

187

187

189

190

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,635

-25,520

-

-1,686

8,195

12,820

14,748

9,002

10,537

-5,549

16,552

13,515

25,878

-1,252

-

-

-

-

-

-

-

-

Net cash used in financing activities

-5,002

-1,155

-21,378

18,379

-440

-12,084

-8,683

27,675

-16,877

-2,059

-126

-2,133

17,137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,255

-12,993

-

17,208

-6,798

9,012

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

1,938

-10,958

4,985

-1,530

-5,223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-3,594

-

-1,791

-550

-3,057

3,553

3,502

3,395

-24,887

16,762

5,157

-4,127

-2,154

9,390

-4,531

-1,856

-197

1,364

3,047

-13,901

12,736

-6,852

-303

7,973

-8,781

-1,403

13,459

-20,701

24,091