CAMDEN NATIONAL CORP CAC Cash Flow

Camden national corp (CAC)

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
Operating Activities
Net Income
13,493	15,238	14,488	13,204	14,273	13,977	14,057	12,217	12,820	-3,173	11,339	10,234	10,076	10,902	10,903	9,616	8,646	1,692	6,456	7,193	5,611	6,088	6,451	6,316	5,715	4,424	6,366	6,331	5,662	4,178	6,255	6,412	6,583	5,839	6,929	7,070	6,339
Adjustments to reconcile net income to net cash used in operating activities:
Net gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	285	166	0	647	0	138	1,439	187	751	121	1,879	177	53	-33
Net increase in other real estate owned valuation allowance and (gain) loss on disposition
-	-	-	-	-	-	-	-	-	-	0	-33	-27	182	5	-218	66	14	132	135	81	-7	179	28	15	33	66	24	7	14	218	67	180	0	82	22	84
Originations of mortgage loans held for sale
85,676	105,661	90,431	53,946	32,405	44,458	55,987	55,108	46,641	62,907	62,003	53,029	33,629	56,268	73,156	62,595	44,431	46,691	11,392	8,524	5,425	400	0	399	0	3,739	6,874	11,653	10,988	-1,889	0	4,283	8,492	17,278	6,084	2,668	3,096
Proceeds from the sale of mortgage loans
70,711	112,813	88,819	50,741	28,834	51,657	59,962	53,352	46,426	69,797	61,529	49,237	44,320	67,586	73,390	57,507	39,868	37,500	12,152	7,898	4,935	414	0	416	0	5,096	8,419	10,780	9,687	-1,889	0	13,376	5,728	12,068	7,388	811	8,618
Gain on sale of mortgage loans, net of origination costs
1,476	2,472	1,930	1,172	826	1,325	1,576	1,330	1,220	1,933	1,667	1,376	1,280	2,030	2,005	1,194	972	748	238	163	129	14	0	17	0	44	32	345	307	0	0	-51	319	89	211	-2	-6
Provision for credit losses
1,775	214	730	1,173	744	7	354	983	-497	238	817	1,401	579	255	1,279	2,852	872	957	279	254	446	545	539	643	493	-6	665	695	674	1,108	868	835	1,005	1,464	1,182	970	1,119
Depreciation and amortization expense
969	1,002	988	979	922	920	938	967	940	972	945	928	916	928	1,042	1,029	1,427	1,484	684	682	764	852	740	515	944	704	710	853	737	651	-290	1,106	1,033	-13	864	794	960
Investment securities amortization and accretion, net
-742	-849	-777	-711	-660	-778	-869	-796	-763	-772	-799	-765	-786	-901	-829	-753	-652	-606	-589	-540	-509	-483	-470	-420	-411	-421	-536	-586	-623	-	-	-	-	-	-	-	-
Stock-based compensation expense
421	521	429	477	458	283	394	580	431	334	319	450	366	476	479	718	324	294	132	212	198	146	22	255	176	256	181	-14	173	183	183	42	130	432	250	205	138
Decrease in interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-157	9	90	-	-544	-292	480
Amortization of intangible assets
170	171	177	176	176	181	182	181	181	392	473	472	472	476	475	476	476	444	288	287	287	287	287	287	287	337	289	286	288	224	144	145	144	144	144	145	144
Purchase accounting accretion, net
244	303	363	340	477	832	453	517	514	630	717	739	748	1,256	719	2,018	1,055	-72	-113	-116	-66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank-owned life insurance death benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,286	0	0	370
Decrease in trading assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-180	-	28	37	-56	-	-	-10	-50	82	-108	31	-65
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-286	-289	-	-265	-295	-507
Increase in other assets
34,101	-9,894	7,404	14,185	10,710	506	2,474	849	2,850	-11,283	2,643	733	-3,283	-4,303	-1,024	-3,640	-2,869	4,118	2,048	1,676	-780	-89	1,680	480	1,278	-92	3,026	-2,380	-559	-836	314	-150	-884	-4,226	2,095	3,085	480
Increase (decrease) in other liabilities
221	-2,285	2,877	517	-6,291	-9,895	6,105	2,847	7,218	-78	158	1,187	-20	-1,487	2,408	1,917	-4,171	1,679	174	-73	16	-153	535	637	-366	1,106	917	-3,423	-33	3,646	-625	1,091	8	-2,287	2,129	1,564	-455
Net cash used in operating activities
-32,995	30,021	9,157	-1,665	-4,642	10,787	22,371	14,119	17,057	15,943	8,522	8,775	25,094	24,414	15,954	12,479	4,571	-5,833	7,095	6,649	8,007	7,776	7,543	8,156	6,411	8,727	7,542	6,463	7,000	9,521	7,268	18,528	7,012	2,182	11,379	6,360	13,502
Investing Activities
Proceeds from sales and maturities of available-for-sale securities
40,188	107,620	132,276	89,360	26,355	54,138	62,018	43,733	29,531	30,425	56,898	35,093	32,557	78,701	40,319	36,964	28,580	32,784	47,608	38,910	37,132	28,540	30,301	42,312	33,205	25,580	46,124	34,304	41,365	119,913	44,064	49,605	61,039	93,587	54,434	39,835	39,147
Purchase of available-for-sale securities
58,826	118,590	121,941	72,006	26,749	83,364	48,227	50,463	50,152	42,811	30,406	19,992	77,286	89,915	31,526	31,879	66,849	29,908	25,257	35,661	20,344	15,861	33,458	9,641	19,395	70,044	29,346	40,090	68,864	195,019	71,114	101,711	94,708	93,734	45,478	8,080	71,800
Proceeds from maturities of held-to-maturity securities
-	-	-	-	-	0	0	0	750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	251
Purchase of securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	538	730	5,789	3,929	8,893	19,128	20,258	16,076	8,749	1,742	3,871	5,976	0	0	0	0	-	-	-	-	-	-	-	-
Net increase in loans
62,982	-15,103	11,261	57,822	16,734	116,955	41,586	78,266	7,008	34,111	12,269	91,311	50,049	1,967	8,023	91,388	2,321	34,210	23,854	16,454	20,293	47,703	30,619	77,456	40,892	38,658	-11,172	25,038	15,302	19,650	4,959	21,503	4,082	4,239	-36,286	16,259	12,796
Purchase of Federal Home Loan Bank stock
9,161	9,348	684	1,644	2,012	5,736	941	5,635	2,815	3,986	1,246	4,915	2,143	1	0	7,249	92	1,538	46	10	0	-	-	13	693	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of Federal Home Loan Bank and Federal Reserve Bank stock
7,754	-23,108	757	1,015	5,691	-41,807	10,393	3,078	3,472	-18,770	3,826	3,121	0	-	-	-	-	-	-	-	-	-	-	-	-	-2,620	0	2,620	-1,310	0	0	0	-928	-	-	-	-
Cash settlement in Branch Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-10	3,288	-	0	0	0	-	-	-	-
Proceeds from previously charge-off loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	324
Purchase of premises and equipment
1,284	1,889	482	313	1,583	2,142	1,184	1,100	595	466	938	1,176	264	164	641	402	464	1,392	680	653	464	485	337	211	283	287	617	227	359	741	1,694	781	187	794	246	188	288
Proceeds from the sale of premises and equipment
-	-	-	-	-	-	-	-	-	0	0	0	137	0	0	90	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other investments
-	-	-	-	-	-	0	0	-205	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recoveries of previously charged-off loans
68	82	95	58	75	1,583	162	77	122	55	125	134	183	105	127	150	104	174	269	152	133	208	155	146	237	332	111	97	228	214	146	287	97	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	167	0	312	329	58	39	591	42	65	492	704	1,564	139	701	890	0	416	427	60	43	405	1,038	325	302	868	1,320	109	209
Net cash used in investing activities
-84,243	1,160	-1,240	-40,798	-14,957	-143,095	-19,365	-87,827	-26,490	-45,851	8,990	-78,734	-96,536	-13,207	5,217	-115,034	-44,929	17,470	-20,596	-33,270	-18,348	-43,923	-44,999	-47,793	-33,797	-119,031	27,871	-30,884	-44,867	175,046	-32,519	-73,778	-36,611	-2,889	46,551	15,723	-44,583
Financing Activities
Net increase in deposits
25,966	-80,204	26,370	13,429	113,740	243,756	164,673	30,577	25,126	44,160	15,630	3,765	108,736	-60,536	115,958	98,891	-51,286	-4,330	27,070	14,973	34,112	3,585	71,125	20,826	22,899	-73,590	79,592	-57,698	22,316	-47,408	87,456	46,113	-35,617	-49,890	95,707	873	28,869
Net change in short-term Federal Home Loan Bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,800	-	-80,000	40,000	85,000	-	-13,775	13,775	-37,275
(Repayments of) net proceeds from borrowings less than 90 days
-	-	-	-	-	-	-	-	-	41,699	0	0	-5,000	102,227	-25,000	0	0	-18,105	2,883	26,509	-29,392	35,783	-23,661	23,523	11,309	182,673	-100,907	135,049	-46,621	-10,799	38,253	-21,967	-21,101	-40,401	-48,270	-20,972	83,577
Net proceeds from (repayments of) borrowings less than 90 days
57,913	-	31,807	-14,534	-14,687	-	-181,928	39,014	10,816	-	-13,088	84,708	-37,779	-	-91,225	41,345	86,726	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Federal Home Loan Bank long-term advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,001	10,019	19	60,019	18	18	18	18	14	135	122	70,121	10,092	152	91	35,090	60,089	90,088	127,088
Proceeds from Federal Home Loan Bank long-term advances
25,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	45,000	30,000	80,000	80,000
Common stock repurchases
7,973	3,621	10,177	5,040	1,957	27	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,120	4,355	2,460	0	0	0	-	-	-	-	117	0	3	269
Exercise of stock options and issuance of restricted stock, net of repurchase for tax withholdings
-53	-12	51	-26	-215	-60	131	54	-475	9	-70	7	-552	301	216	-342	719	241	137	239	136	171	5	34	118	42	341	-102	19	-453	1	0	240	252	-14	41	-145
Cash dividends paid on common stock
5,009	4,568	4,646	4,671	4,687	4,688	4,686	3,900	3,896	3,583	3,582	3,583	3,575	3,104	3,105	3,097	3,088	3,069	2,242	2,239	2,235	2,010	2,010	2,020	2,045	2,074	2,069	2,069	1,909	1,911	1,910	1,901	1,945	5,759	1,926	1,922	1,917
Finance lease payments
33	27	26	27	26	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
95,811	-93,077	43,379	-10,869	92,168	100,965	-21,810	65,745	31,571	43,444	-21,110	84,897	61,830	-22,958	-18,156	126,797	33,071	1,207	24,650	29,042	2,602	37,510	45,441	39,225	27,908	104,573	-23,223	22,449	26,445	-175,210	33,706	59,996	26,006	-49,234	1,651	-18,368	26,042
Net (decrease) increase in cash, cash equivalents and restricted cash
-21,427	-61,896	51,296	-53,332	72,569	-31,343	-18,804	-7,963	22,138	13,536	-3,598	14,938	-9,612	-11,751	3,015	24,242	-7,287	12,844	11,149	2,421	-7,739	1,363	7,985	-412	522	-5,731	12,190	-1,972	-11,422	9,357	8,455	4,746	-3,593	-49,941	59,581	3,715	-5,039
Supplemental information
Interest paid
8,555	9,972	11,188	10,476	9,738	8,743	7,727	7,323	6,384	5,391	5,643	5,191	4,549	3,988	4,873	3,771	4,029	3,484	6,064	25	3,015	3,029	3,054	3,056	3,019	3,062	3,187	3,284	3,481	4,054	4,212	4,627	4,563	5,468	5,787	6,344	6,302
Income taxes paid
126	3,757	4,434	5,260	91	1,741	3,750	5,107	69	5,282	6,632	4,870	57	5,803	4,741	98	5	3,860	3,995	4,345	5	3,218	6,427	2,220	1,500	1,890	3,350	5,100	300	1,803	1,238	3,322	0	3,757	3,520	4,820	0
Unsettled common stock repurchase
0	-	-	-238	349	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans to other real estate owned
0	-	-	-	543	-	-	-	0	-	-	-	-	351	0	0	32	450	177	109	1,439	153	229	423	532	842	140	326	650	723	155	191	698	791	164	938	96
Held-to-maturity securities purchased but unsettled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-942	4,830	-	-	-1,008	1,008	-	-	-	0	-	-	-	-	-	-	-	-
Measurement-period adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	570	390	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock repurchased not yet settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	358	-	-	-	0	-	-	-	-	-	-	-	-