Camden national corp (CAC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating Activities
Net Income

57,203

53,071

28,476

40,067

20,952

24,570

22,783

23,428

26,177

24,766

22,773

Adjustments to reconcile net income to net cash used in operating activities:
Gain on branch divestiture

-

-

-

-

-

-

2,742

0

0

-

-

Goodwill impairment

-

-

-

-

-

0

2,830

0

50

-

-

Gain (Loss) on Disposition of Property Plant Equipment

-

-

-

0

-

-

-

479

0

-

-

Net gain on sale of investment securities

-

-

-

51

4

451

785

2,498

2,076

-409

63

Net increase in other real estate owned valuation allowance and (gain) loss on disposition

-

-

-

35

362

215

130

479

188

1,606

1,006

Other-than-temporary impairment of securities

-

-

-

-

-

-

-

-

-

-

11

Originations of mortgage loans held for sale

282,443

202,194

211,568

236,450

72,032

799

33,254

10,886

29,126

25,615

72,529

Proceeds from the sale of mortgage loans

281,207

211,397

224,883

238,351

62,485

830

33,982

17,215

28,885

20,193

72,615

Gain on sale of mortgage loans, net of origination costs

6,400

5,451

6,256

6,201

1,278

31

728

268

292

106

86

Provision for credit losses

2,861

847

3,035

5,258

1,936

2,220

2,028

3,816

4,735

6,299

8,213

Depreciation and amortization expense

3,891

3,765

3,761

4,426

3,614

3,051

3,004

2,500

2,605

3,189

2,688

Investment securities amortization and accretion, net

-2,997

-3,206

-3,122

-3,135

-2,244

-1,784

-2,166

-2,207

-1,098

-

-

Stock-based compensation expense

1,885

1,688

1,469

1,997

836

599

596

538

1,025

809

1,072

Decrease in interest receivable

-

-

-

-

-

-

-

-

-

-361

-1,089

Amortization of intangible assets

700

725

1,809

1,903

1,306

1,148

1,200

657

577

577

578

Purchase accounting accretion, net

1,483

2,316

2,834

5,048

-367

-554

-

-

-

-

-

Cost of fixed assets disposals associated with the SBM Financial, Inc. acquisition

-

-

-

-

-1,130

0

0

-

-

-

-

Proceeds from bank-owned life insurance death benefits

-

-

-

507

0

-

-

-

-

-

-

Proceeds from bank-owned life insurance death benefits

-

-

-

1,092

0

-

-

-

1,656

0

258

Decrease in trading assets

-

-

-

-

-

-

-

56

-60

579

421

Decrease in prepaid FDIC assessment

-

-

-

-

-

-

-

-

-

-2,042

8,197

Liquidation of defined benefit pension plan

-

-

-

-

-

-

-

-

-

-

735

Increase in other assets

22,405

6,679

-11,190

-11,836

7,062

3,349

-5

-1,556

1,434

1,530

1,790

Increase (decrease) in other liabilities

-5,182

6,275

1,247

-1,333

1,796

653

-1,433

4,120

951

3,387

-3,811

Net cash used in operating activities

32,871

64,334

58,334

57,418

15,918

29,886

29,732

42,329

33,423

35,808

22,413

Investing Activities
Proceeds from sales and maturities of available-for-sale securities

355,611

189,420

154,973

184,564

156,434

134,358

147,373

274,621

227,003

203,172

192,586

Proceeds from Sale and Maturity of Held-to-maturity Securities

-

-

-

-

-

-

-

-

251

-

4,038

Purchase of available-for-sale securities

339,286

232,206

170,495

220,169

111,170

78,355

208,344

462,552

219,092

279,313

55,460

Cash received in the SBM Financial, Inc. acquisition, net of cash paid

-

-

-

-

59,917

0

0

-

-

0

-

Net cash settlement in branch divestiture

-

-

-

-

-

-

39,648

-267,689

0

-

-

Proceeds from maturities of held-to-maturity securities

0

750

0

0

-

-

-

-

-

1,765

-

Purchase of securities held-to-maturity

-

-

-

10,986

64,355

20,338

0

0

-

-

-

Net increase in loans

70,714

243,815

187,740

103,699

94,811

196,670

67,826

50,194

-2,992

7,061

31,075

Proceeds from sale of building

-

-

-

-

-

-

-

2,235

0

0

-

Purchase of bank-owned life insurance

0

0

7,000

16,700

0

10,000

0

0

-

-

-

Purchase of Federal Home Loan Bank stock

13,688

15,127

12,290

7,342

1,594

718

0

0

-

-

-

Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock

-15,645

-24,864

-11,823

-5,652

-471

-51

-1,310

-928

0

0

-

Proceeds from previously charge-off loans

-

-

-

-

-

-

-

-

-

-

849

Purchase of premises and equipment

4,267

5,021

2,844

1,671

3,189

1,316

1,490

3,403

1,516

2,459

2,493

Proceeds from the sale of premises and equipment

0

749

137

90

0

0

-

-

-

-

-

Proceeds from other investments

0

1,593

0

0

-

-

-

-

-

-

-

Recoveries of previously charged-off loans

310

1,944

497

486

728

746

768

744

1,002

1,269

-

Proceeds from sale of other real estate owned

554

72

808

730

2,825

1,730

946

2,070

2,506

2,965

959

Net cash used in investing activities

-55,835

-276,777

-212,131

-167,953

-54,744

-170,512

-166,911

32,138

14,802

-79,662

109,662

Financing Activities
Net increase in deposits

73,335

464,132

172,291

103,027

71,825

118,435

-29,380

50,544

75,559

19,992

6,263

Net change in short-term Federal Home Loan Bank borrowings

-

-

-

-

-

-

-

-

-

5,100

-128,160

(Repayments of) net proceeds from borrowings less than 90 days

-2,059

-270,114

36,699

77,227

-18,105

46,954

170,194

-15,614

-26,066

22,985

41,318

Repayments of Federal Home Loan Bank long-term advances

0

0

20,000

25,000

11,039

60,073

289

80,456

312,355

70,387

60,879

Proceeds from Federal Home Loan Bank long-term advances

-

-

-

-

10,000

60,000

0

0

235,000

75,000

11,663

Repayments of wholesale repurchase agreements

0

0

5,000

25,000

0

0

-

-

-

-

-

Issuance of subordinated debt, net of costs

-

-

-

-

14,464

0

0

-

-

-

-

Common stock repurchases

20,795

27

0

0

-

7,475

2,460

2,097

389

49

55

Equity issuance costs

-

-

-

-

612

0

0

-

-

-

-

Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings

-202

-350

-606

894

753

328

300

-212

134

-114

-6

Cash dividends paid on common stock

18,572

17,170

14,323

12,394

9,785

8,085

8,121

7,667

11,524

7,664

7,654

Finance lease payments

106

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

31,601

176,471

169,061

118,754

57,501

150,084

130,244

-55,502

-39,909

45,091

-137,498

Net (decrease) increase in cash, cash equivalents and restricted cash

8,637

-35,972

15,264

8,219

18,675

9,458

-6,935

18,965

8,316

1,237

-5,423

Supplemental information
Interest paid

41,374

30,177

20,774

16,661

12,588

12,158

13,014

17,456

23,901

30,969

41,349

Income taxes paid

13,542

10,667

16,841

10,647

12,205

13,365

10,640

6,363

12,097

12,985

8,250

Transfer from loans to other real estate owned

543

55

0

383

2,175

1,337

1,958

1,767

1,989

1,479

3,420

Measurement-period adjustments

-

-

-

960

0

0

-

-

-

-

-

Common stock repurchased not yet settled

-

-

-

-

-

-

320

0

0

-

-