Ameriserv financial inc /pa/ (ASRVP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income

6,028

7,768

3,293

2,310

5,997

3,023

5,193

5,039

6,537

1,282

-4,895

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

800

-600

800

3,950

1,250

375

-1,100

-775

-3,575

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

5,250

15,150

Depreciation and amortization expense

1,873

1,530

1,665

1,803

1,790

1,836

1,683

1,523

1,477

1,496

1,586

Amortization expense of core deposit intangibles

-

-

-

-

-

-

-

-

-

-

108

Net amortization of investment securities

-279

-347

-436

-488

-342

-385

-755

-1,124

-736

-467

-231

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

118

-439

115

177

71

177

204

12

-358

157

164

Impairment charge on other investments

500

0

0

-

-

-

-

-

-

-

-

Net gains on loans held for sale

865

489

679

884

767

748

1,089

1,132

812

958

651

Amortization of deferred loan fees

142

149

162

231

249

262

304

240

231

407

456

Origination of mortgage loans held for sale

49,460

28,916

45,637

59,252

51,759

51,481

60,826

76,688

58,640

71,643

67,775

Sales of mortgage loans held for sale

46,304

31,683

46,285

60,045

54,574

50,580

69,089

74,354

59,747

68,986

65,636

Increase in accrued interest receivable

-40

-114

487

59

-70

219

-52

-256

6

-379

-146

Decrease in accrued interest payable

546

302

114

-11

-55

-78

-299

-440

-1,018

-595

74

Earnings on bank-owned life insurance

521

536

571

675

-

-

-

-

-

-

-

Earnings on bank-owned life insurance

-

-

-

-

690

748

811

863

885

-

-

Deferred income taxes

179

2,665

4,303

414

888

-

-

-

-

-

-

Earnings on bank owned life insurance

-

-

-

-

-

-

-

-

-

1,032

1,021

Deferred income taxes

-

-

-

-

-

562

2,150

2,101

2,758

-126

-3,274

Stock compensation expense

-

-

-

-

-

-

-

41

15

-

-

Goodwill impairment charge

-

-

-

-

-

669

0

0

-

-

-

Amortization of deferred issuance costs

-

-

-

-

0

0

-

-

-

-

-

Stock compensation expense

7

14

13

20

186

66

88

-

-

61

73

Net change in operating leases

67

0

0

-

-

-

-

-

-

-

-

Decrease in prepaid Federal Deposit Insurance

-

-

-

-

-

-

-1,444

-370

-1,259

-1,465

4,538

Other, net

493

6,188

1,737

1,147

1,674

-1,179

967

1,446

-3,074

-

2,922

Other, net

-

-

-

-

-

-

-

-

-

1,738

-

Net decrease in other liabilities

-

-

-

-

-

-

-

-

-

-

1,085

Net cash provided by (used in) operating activities

4,890

7,984

7,521

6,594

9,832

-

-

-

-

2,730

-1,607

Net cash provided by operating activities

-

-

-

-

-

4,962

14,854

3,212

10,794

-

-

INVESTING ACTIVITIES
Purchase of investment securities - available for sale

18,084

45,427

32,889

42,844

22,241

12,218

50,125

34,199

85,352

97,789

55,171

Purchase of investment securities - held to maturity

2,257

5,746

10,572

12,038

6,237

3,093

8,942

4,987

6,576

1,123

0

Proceeds from maturities of investment securities - available for sale

23,559

16,299

22,311

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities – available for sale

-

-

-

8,966

3,570

5,242

11,185

4,221

16,518

2,742

4,746

Proceeds from maturities of investment securities – available for sale

-

-

-

24,574

24,532

22,900

43,307

59,800

53,243

61,483

46,778

Proceeds from maturities of investment securities - held to maturity

3,007

3,651

2,383

2,693

4,601

1,390

4,425

3,518

2,125

4,914

4,225

Proceeds from sales of investment securities - available for sale

3,374

9,466

8,143

-

-

-

-

-

-

-

-

Purchase of regulatory stock

13,557

18,681

17,661

10,911

19,320

9,817

5,865

-

-

-

-

Proceeds from redemption of regulatory stock

14,092

18,836

16,345

-

-

-

-

-

-

-

-

Long-term loans originated

205,603

155,191

154,054

17,192

15,019

5,347

12,990

17,492

8,500

3,845

25,343

Purchase of regulatory stock

-

-

-

-

-

-

-

0

0

-

-

Proceeds from redemption of regulatory stock

-

-

-

-12,180

-18,740

-10,446

-5,367

-1,712

-1,342

-381

0

Long-term loans originated

-

-

-

196,998

246,304

177,351

205,549

232,685

147,864

-

-

Long-term loans originated

-

-

-

-

-

-

-

-

-

-82,922

-

Long-term loans originated

-

-

-

-

-

-

-

-

-

-

132,551

Principal collected on long-term loans

185,054

181,582

147,752

189,505

183,380

130,476

146,720

182,245

161,356

129,655

128,554

Loan participations sold

-

-

-

18,900

23,774

10,810

8,500

8,500

1,000

0

12,950

Proceeds from sale of other real estate owned

214

46

108

235

579

946

993

160

743

-

-

Net (increase) decrease in other short-term loans

-

-

-

875

-

-

-

-

-

-

-

Net increase in other short-term loans

-

-

-

-

627

3,558

679

300

443

-

-

Net increase in other short-term loans

-

-

-

-

-

-

-

-

-

134

-116

Purchase of premises and equipment

2,821

2,144

2,705

1,380

881

1,720

3,004

2,647

1,666

2,762

1,294

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

1,300

2,874

Proceeds from life insurance policies

0

0

614

0

1,598

0

356

0

0

451

452

Net cash provided by (used in) investing activities

-13,022

2,691

-20,225

-25,185

-49,855

-

-

-

-

12,351

-13,664

Net cash used in investing activities

-

-

-

-

-

-30,894

-66,301

-32,154

-14,074

-

-

FINANCING ACTIVITIES
Net increase (decrease) in deposit balances

11,342

1,226

-19,841

64,492

33,339

15,375

18,744

19,329

13,722

16,277

89,606

Net decrease in other short-term borrowings

-18,617

-8,055

36,330

-35,994

9,868

-2,675

25,895

-105

11,215

-

-

Net increase (decrease) in other short-term borrowings

-

-

-

-

-

-

-

-

-

21,225

94,145

Principal borrowings on advances from Federal Home Loan Bank

22,527

12,492

12,687

9,542

10,000

17,000

18,000

21,000

2,000

34,000

350,000

Principal repayments on advances from Federal Home Loan Bank

15,580

12,000

12,000

12,000

4,000

0

6,000

14,000

5,750

50,054

338,055

Principal payments on financing lease liabilities

173

0

0

-

-

-

-

-

-

-

-

Stock options exercised

99

61

160

74

-

-

-

-

-

-

-

Subordinated debt issuance, net

-

-

-

-

7,418

0

0

-

-

-

-

TARP warrant repurchase

-

-

-

-

-

-

-

-

825

0

-

Purchase of treasury stock

2,550

2,346

3,404

0

0

-

1,171

4,417

582

-

-

Preferred stock redemption

-

-

-

21,000

0

0

-

-

-

-

-

Warrant repurchase

-

-

-

-

-

-

-

-

-

-

0

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

0

Preferred stock dividend paid

-

-

-

15

210

210

209

828

1,054

1,050

951

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

0

-

Common stock dividends

1,642

1,347

1,113

945

754

752

566

0

0

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

28,738

54,693

20,979

18,726

-

-

Net cash used in financing activities

-4,594

-9,969

12,819

4,154

55,661

-

-

-

-

-22,052

6,455

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-12,726

706

115

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-14,437

15,638

2,806

3,246

-7,963

15,446

-6,971

-8,816