Cnb financial corp/pa (CCNE)
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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

8,813

10,484

10,357

9,767

9,473

8,945

9,236

8,441

7,097

3,451

7,246

6,683

6,480

5,040

6,416

4,065

5,019

5,508

5,522

5,602

5,565

6,743

5,548

5,617

5,166

4,728

4,703

2,951

4,297

3,890

4,563

4,336

4,347

3,869

4,067

3,891

3,277

Adjustments to reconcile net income to net cash provided by operations:
Provision for loan losses

3,079

-

-

-

1,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

1,441

1,095

1,905

1,631

3,105

1,400

1,134

1,016

2,111

622

220

1,196

668

463

486

943

282

1,038

1,501

1,019

1,247

846

3,115

930

2,343

1,188

1,746

1,104

2,264

904

992

777

Depreciation and amortization of premises and equipment, operating leases assets, core deposit intangible, and mortgage servicing rights

1,299

1,807

1,308

1,339

1,509

1,150

1,197

1,228

1,236

1,268

1,291

1,350

1,333

1,238

1,265

980

1,001

988

1,014

1,019

1,018

1,012

1,052

1,052

1,011

1,009

512

566

554

643

527

533

522

536

523

514

502

Amortization and accretion of securities premiums and discounts, deferred loan fees and costs, net yield and credit mark on acquired loans, and unearned income

812

330

199

-68

409

65

510

-465

427

222

495

538

-53

277

380

241

430

-791

-171

-831

800

812

-544

4

-157

-785

-639

-991

-1,126

-1,156

-1,228

-1,133

-992

-888

-561

-599

-738

Net realized gains on sales of available-for-sale securities

0

0

0

0

148

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized and unrealized (gains) losses on trading securities

-588

237

197

654

800

-1,123

421

237

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gains on sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

1,383

-

0

1,005

0

102

73

472

19

184

41

138

66

27

0

252

76

-21

103

731

566

-

-

-

-

Net impairment losses realized in earnings and realized gains on sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-456

-84

0

324

Net realized and unrealized gains on trading securities

-

-

-

-

-

-

-

-

-

-

-

-

188

-

235

64

-34

108

-260

-29

-32

106

-59

99

-25

231

166

28

303

109

275

-140

320

280

-313

-16

113

Proceeds from sale of trading securities

5,860

-463

65

463

236

21

434

0

0

689

0

0

402

72

0

468

0

1,511

-7

351

274

-393

641

0

0

1,387

606

2,251

1,567

761

775

101

1,749

173

0

0

170

Purchase of trading securities

2,000

-

-

-

-144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of trading securities

-

-

-

-

-

43

1,355

52

92

1,452

70

76

904

48

-29

150

150

1,490

-20

640

303

187

720

210

0

868

0

1,823

1,980

1,488

474

768

1,457

-

-

-

-

Purchase of securities for which fair value was elected

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-143

Gain on sale of loans

243

294

295

317

84

114

187

218

105

292

97

75

81

302

303

102

111

228

134

187

81

242

97

138

119

252

52

261

243

287

208

186

246

214

144

129

151

Net gains on dispositions of premises and equipment and foreclosed assets

15

24

235

118

0

-332

68

213

4

43

84

-101

81

-17

-47

-61

-9

9

27

-25

-18

130

-32

-235

105

101

74

75

2

38

101

13

6

2

23

76

3

Proceeds from sale of loans

8,536

13,469

12,399

12,761

4,569

4,500

8,727

5,814

4,270

6,307

4,872

9,909

3,197

10,716

14,334

4,213

3,782

3,705

5,082

4,241

1,899

3,880

2,784

1,340

2,223

2,363

1,773

7,044

11,072

-

-

-

-

-

-

-

-

Origination of loans held for sale

9,412

-

-

-

7,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Origination of loans held for sale

-

-

-

-

-

-

7,630

5,950

4,824

-

9,287

6,338

4,376

7,920

16,011

4,460

2,864

4,467

3,288

4,794

2,622

3,264

3,065

1,921

2,021

2,399

2,092

5,975

9,417

-

-

-

-

-

-

-

-

Proceeds from sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,174

8,504

6,996

-

3,782

2,974

7,979

Origination of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,324

8,470

6,730

-

2,056

-433

9,486

Income on bank owned life insurance

479

315

315

326

361

334

335

339

400

351

592

364

352

275

281

263

263

341

288

289

276

340

222

239

240

110

365

815

262

221

229

262

261

-

-

-

-

Income on bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

212

249

Stock-based compensation expense

549

237

242

275

592

327

269

272

677

328

204

207

189

192

216

172

240

147

169

148

157

103

118

119

208

100

104

103

83

72

73

73

59

49

62

49

53

Contribution of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

44

45

46

15

36

36

36

12

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

Changes in:
Accrued interest receivable and other assets

4,061

-1,967

-851

1,039

707

-2,676

1,377

241

4,137

4,004

-4,553

616

1,108

-27,286

31,348

1,119

-1,275

805

-1,702

3,659

-2,855

-2,006

-689

-951

-2,620

-482

3,465

-735

876

-1,543

435

1,568

-5

-1,005

3,278

-543

-388

Accrued interest payable, lease liabilities, and other liabilities

-1,285

6,888

-1,667

4,909

-6,520

1,986

474

2,919

-766

4,302

-531

898

-3,971

9,180

-6,335

2,308

-3,058

2,338

-2,574

9,095

-3,424

315

-2,648

-836

-3,436

10,328

1,585

-1,880

-1,646

1,813

-938

1,531

117

563

2,773

2,261

-68

NET CASH PROVIDED BY OPERATING ACTIVITIES

14,417

20,425

12,867

17,221

1,394

16,283

9,549

13,794

4,142

10,835

8,245

11,457

226

47,859

-31,919

5,129

5,695

8,518

8,048

11,822

5,248

9,446

5,742

7,260

6,472

17,494

4,584

6,677

4,854

11,625

3,471

6,129

6,335

8,014

6,515

11,831

4,025

CASH FLOWS FROM INVESTING ACTIVITIES:
Net decrease in interest bearing time deposits with other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50

0

2

-2

-50

-

-

-

-

-

-

-

-

Net decrease in interest bearing time deposits with other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

0

-51

-

1,398

1,096

99

Proceeds from maturities, prepayments and calls of available-for-sale securities

27,389

34,439

23,548

20,135

20,152

31,744

22,725

14,100

7,780

32,955

17,989

19,812

21,546

19,477

15,247

17,074

12,039

18,772

19,835

15,079

25,021

22,374

24,686

14,173

20,162

53,155

23,112

34,320

29,276

27,385

30,784

27,795

23,709

25,387

26,165

27,327

22,299

Proceeds from sales of available-for-sale securities

0

0

0

0

11,403

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of available-for-sale securities

46,882

49,816

16,555

46,735

9,252

21,901

97,460

48,379

21,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

2,183

-

0

4,420

0

18,512

38,025

15,580

32,949

22,410

9,698

16,177

12,951

1,961

0

32,348

1,324

32,872

4,090

46,468

42,149

25,977

20,153

0

23,610

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

2,268

-

518

1,703

0

-1,422

0

25,779

20,763

28,341

37,382

33,841

29,027

15,664

750

56,186

57,812

79,594

38,311

62,109

152,141

98,270

81,495

2,202

106,790

Loan origination and payments, net

46,383

56,064

131,231

97,035

51,635

91,657

51,901

59,935

130,059

47,894

77,972

112,490

35,616

80,552

23,248

50,056

28,710

63,170

65,098

96,106

96

28,292

18,663

14,207

-1,201

-

-

-

-

-

-

-

-

-

-

-

-

Loan origination and payments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,866

51,767

5,967

-

-

-

-

-

-

-

-

Loan origination and payments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,261

47,791

10,808

-

14,227

29,656

-1,565

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

Redemption (purchase) of FHLB, other equity, and restricted equity interests

107

-

400

1,372

-1,379

-

1,147

-3,875

5,047

-

2,847

3,113

999

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of FHLB and other equity interests

-

-

-

-

-

-

-

-

-

-

-

-

-

852

1,674

2,348

-2,246

2,483

396

8,119

-1,772

-1,796

-549

1,521

-14

-1,836

15

968

-87

-71

-93

387

-76

-57

13

436

-270

Purchase of premises and equipment

1,327

2,325

2,820

1,501

2,399

1,695

477

499

397

1,497

723

1,118

1,877

4,043

2,698

1,960

1,424

1,569

1,009

2,738

1,435

2,535

1,409

572

1,910

1,902

1,696

910

828

305

673

547

491

222

49

629

805

Proceeds from the sale of premises and equipment and foreclosed assets

145

503

340

377

8

451

59

372

166

375

327

0

236

92

89

292

85

147

660

44

4

428

204

137

164

156

150

429

0

221

400

207

260

12

49

165

31

NET CASH USED BY INVESTING ACTIVITIES

-67,165

-85,008

-127,118

-126,131

-30,344

-83,730

-128,201

-90,466

-149,191

-30,532

-66,132

-90,192

-16,795

-85,170

-15,668

-34,281

-15,764

-28,144

-7,983

-102,039

37,452

-17,160

-22,317

-19,654

3,605

64,969

-22,715

-44,736

-33,970

-38,883

-10,076

-36,364

-97,297

-63,293

-48,019

-4,335

-64,721

CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in:
Checking, money market and savings accounts

888

173,021

121,855

76,181

88,105

82,580

108,974

190,560

30,391

-19,207

-18,655

28,959

24,999

9,067

-1,057

2,016

69,719

-19,910

-8,460

4,062

-14,977

-11,256

31,313

42,043

38,520

-45,125

18,423

13,215

62,167

12,231

28,342

43,626

102,063

77,282

72,766

83,740

58,581

Certificates of deposit

-2,999

53,711

18,978

1,222

-41,532

5,827

11,840

950

11,849

125,333

2,476

23,430

-17,042

-8,870

-5,540

-1,632

5,439

-12,729

-6,596

-8,695

35,279

-8,528

-15,497

-19,654

-45,176

-3,868

-12,688

-12,114

-1,725

-7,498

-3,493

-25,193

-18,926

-20,993

-24,276

-61,074

4,957

Deposits held for sale

-

-

-

-

-

-

-

-

-

-

-

-

57

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

324

-28

85

1,033

201

2,000

0

6

448

517

3

254

1,103

21

0

0

23

0

0

0

868

0

93

1,582

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

0

0

2

-2

0

115

413

266

270

354

298

Cash dividends paid

2,618

2,593

2,583

2,591

2,591

2,592

2,599

2,523

2,523

2,522

2,523

2,524

2,525

2,388

2,387

2,386

2,385

2,377

2,377

2,377

2,384

2,376

2,371

2,387

2,387

2,380

2,065

2,064

2,064

2,058

2,054

2,053

2,049

2,040

2,033

2,027

2,025

Proceeds from stock offering, net of issuance costs

3,353

-

-

-

0

-

-

-

-

0

0

0

19,294

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

-

-

-

-

-

0

0

0

50,000

20,000

0

140,000

0

-

-

-

-

-

-

-

-

0

0

0

950

0

0

0

900

0

0

0

0

-

-

-

-

Repayment of long-term borrowings

2,185

2,178

5,145

35,128

5,112

5,094

7,601

7,577

7,554

27,587

17,560

7,484

17,461

26,276

5,030

45,013

4,998

21,283

63

63

63

62

61

61

51

51

51

50

44

40

41

40

39

38

34

32

29

Net change in short-term borrowings

-

-

-

-

-

-2,211

2,211

-91,009

56,593

-77,212

96,778

-98,655

9,536

58,078

-55,421

74,516

-59,367

25,768

14,449

76,055

-35,980

27,880

-1,670

-5,480

2,300

-34,975

22,550

25,375

-23,510

23,510

-7,805

7,805

0

-1,280

-7,630

-27,769

4,061

NET CASH PROVIDED BY FINANCING ACTIVITIES

-3,885

205,396

128,482

91,558

38,669

76,510

112,825

90,395

138,308

19,367

60,513

83,415

15,755

29,590

60,565

27,501

8,385

19,469

-3,047

68,982

-18,993

6,245

11,621

12,879

-5,844

-85,686

26,193

24,362

35,726

26,193

15,323

24,260

81,462

53,806

39,063

-6,458

65,843

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-56,633

140,813

14,231

-17,352

9,719

9,063

-5,827

13,723

-6,741

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

2,626

4,680

-814

-7,721

12,978

-1,651

-1,684

-157

-2,982

-21,235

23,707

-1,469

-4,954

485

4,233

-3,223

8,062

-13,697

6,610

-1,065

8,718

-5,975

-9,500

-1,473

-2,441

1,038

5,147

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest

9,933

10,978

9,948

9,414

8,942

8,829

6,316

6,203

5,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

4,026

3,890

-

2,842

3,594

3,070

3,211

3,081

3,176

3,034

3,055

3,091

2,996

3,201

3,149

2,808

3,069

3,257

3,398

3,545

4,087

4,175

4,311

4,620

4,564

4,442

Income taxes

78

2,992

2,323

1,441

1,250

2,800

2,000

2,250

0

1,810

2,900

3,100

0

0

1,940

1,940

86

0

2,193

3,200

38

0

2,335

3,534

542

1,883

1,784

1,830

32

2,130

1,930

3,263

225

674

1,824

1,476

17

SUPPLEMENTAL NONCASH DISCLOSURES:
Transfers to other real estate owned

165

593

1,217

190

66

0

225

3

0

391

188

0

51

71

9

40

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

244

68

172

258

259

32

129

818

129

153

51

70

665

0

15

156

24

0

69

Grant of restricted stock awards from treasury stock

892

10

21

0

1,055

63

0

0

933

41

0

0

943

21

1

25

849

-18

0

0

821

0

0

0

609

0

0

0

539

0

0

0

419

0

0

0

266

Grant of performance based restricted stock awards from treasury stock

217

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use assets obtained in exchange for lease liabilities

0

-

-

-

16,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contribution of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

30

30

-

30

30

30