C & f financial corp (CFFI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income

18,850

18,020

6,572

-

-

-

-

-

-

-

-

Net income

-

-

-

13,459

12,530

12,344

14,444

16,382

12,976

8,110

5,526

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation

3,636

3,220

2,771

2,666

2,511

2,739

2,349

2,270

2,121

1,887

2,067

Deferred income taxes

354

632

9,405

-23

1,378

2,247

2,286

-848

-1,341

-2,253

-3,477

Provision for loan losses

8,515

11,006

16,435

18,040

15,512

16,330

15,085

12,405

-

-

-

Provision for indemnifications

-

-

-

290

274

240

558

1,205

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

14,160

14,959

18,563

Provision for indemnifications

-

-

-

-

-

-

-

-

807

3,745

2,490

Provision for other real estate owned losses

-

-

-

135

90

29

459

-1,250

-

-

-

Provision for other real estate owned losses

-

-

-

-

-

-

-

-

-911

-2,180

-2,614

Share-based compensation

1,466

1,345

1,451

1,218

1,231

1,104

743

566

395

367

318

Pension expense

649

403

627

656

-

-

-

-

-

-

-

Pension contribution

-

-3,000

-1,500

-1,000

-

-

-

-

-

-

-

Accretion of certain acquisition-related discounts, net

2,871

3,034

1,706

3,106

1,918

2,969

844

-

-

-

-

Amortization of intangible assets

230

451

676

754

-

-

-

-

-

-

-

Net realized gains on maturities and calls of securities available for sale

10

10

10

-

-

-

-

-

-

-

-

Accretion of discounts and amortization of premiums on securities, net

-1,534

-1,783

-1,676

-1,456

-1,551

-1,406

-812

-731

-758

-615

-172

Net realized gains on calls of securities available for sale

-

-

-

52

-

-

-

-

-

-

-

Realized gains on maturities, calls and sales of securities

-

-

-

-

29

-

-

-

-

-

-

Realized gains on sales and calls of securities

-

-

-

-

-

29

276

11

13

70

22

Net realized gains on sales of other real estate owned

-

-

-

134

242

354

218

39

57

45

-93

Net realized losses (gains) on sale of corporate premises and equipment

-

-

-

246

26

96

-165

-

-

-

-

Income from bank-owned life insurance

711

424

433

927

454

497

188

108

101

-

-

Proceeds from sales of loans held for sale

903,968

720,250

750,110

674,410

539,902

491,327

765,676

845,167

613,529

709,866

1,071,394

Origination of loans held for sale

941,001

699,028

744,780

674,317

549,287

478,641

721,340

840,140

616,438

748,263

1,063,108

Gains on sales of loans held for sale

10,603

7,841

8,553

8,120

6,336

5,086

7,532

7,692

-

-

-

Other (gains) and losses, net

18

150

-131

-

-

-

-

-

-

-

-

Change in other assets and liabilities:
Accrued interest receivable

-660

-153

328

432

408

61

-333

431

169

-335

312

Other assets

-137

-3,936

3,807

1,558

2,429

1,283

-442

1,172

-107

1,238

4,579

Accrued interest payable

371

82

135

5

-42

-103

-905

-274

-49

-409

-352

Other liabilities

-320

-672

-3,097

3,803

1,524

-4,470

-8,455

18

396

-3,194

454

Net cash (used in) provided by operating activities

-15,164

47,122

25,775

26,977

15,332

-

-

-

27,992

-13,408

31,841

Net cash provided by operating activities

-

-

-

-

-

34,177

63,594

29,279

-

-

-

Investing activities:
Acquisition of Peoples Bankshares, Incorporated

-

-

-

-

-

-

-55,579

-

-

-

-

Proceeds from bank-owned life insurance

785

-

-

-

-

-

-

-

-

-

-

Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities

75,583

51,067

41,520

57,355

36,450

38,660

79,441

34,100

31,098

28,693

23,139

Purchases of securities available for sale

48,216

51,322

53,461

52,547

-

-

-

-

-

-

-

Repayments on loans held for investment by non-bank affiliates

123,140

117,014

117,018

118,500

-

-

-

-

-

-

-

Net (purchases) proceeds from sale of restricted stock

-

-

-

-58

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

37,211

36,246

33,823

40,906

39,914

41,969

39,286

Net purchases of restricted stocks

-

-

-

-

97

894

2,090

23

-

-

-

Purchases of loans held for investment by non-bank affiliates

149,377

133,484

121,644

145,377

16,258

-

-

-

-

-

-

Redemption of restricted stocks

-

-

-

-

-

-

-

-

120

-

-

Net redemptions of FHLB stock

-

-

-

-

-

-

-

-

-

0

-

Net redemptions of FHLB stock

-

-

-

-

-

-

-

-

-

-

1,397

Net increase in retail banking loans held for investment

31,886

27,720

39,659

83,870

65,639

30,288

13,030

39,570

29,440

13,964

15,424

Other real estate owned improvements

-

-

-

20

-

-

-

-

-

-

-

Other real estate owned improvements

-

-

-

-

-

-

-

205

-

218

0

Proceeds from sales of other real estate owned

521

18

245

1,384

706

4,382

4,209

2,683

-

5,492

3,495

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

8,801

-

-

Purchases of corporate premises and equipment

2,706

3,374

4,180

2,708

1,808

1,815

3,654

891

1,840

1,140

426

Change in collateral posted with other financial institutions, net

2,490

-

-

-

-

-

-

-

-

-

-

Other investing activities, net

1,283

-278

-249

-

-

-

-

-

-

-

-

Proceeds from sales of corporate premises and equipment

-

-

-

1,017

-

-

-

-

-

-

-

Net cash used in investing activities

-35,929

-47,523

-59,912

-106,324

-83,663

-

-

-

-31,175

-23,106

-27,105

Net cash used in investing activities

-

-

-

-

-

-24,413

90,812

-44,766

-

-

-

Financing activities:
Net increase (decrease) in demand and savings deposits

34,093

11,625

47,970

41,605

74,307

51,185

20,955

61,102

-

-

-

Net increase in demand, interest-bearing demand and savings deposits

-

-

-

-

-

-

-

-

23,025

23,352

10,269

Net increase in time deposits

75,496

-1,393

3,538

4,683

-26,450

-32,258

-14,002

-21,334

-1,743

-4,848

45,636

Net increase in short-term borrowings

1,444

-5,705

3,257

-12,730

-

-

-

-

-

-

-

Proceeds from long-term borrowings

7,000

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

-

-

-

7,500

-

-

-

-

-

-

-

Repayments of long-term borrowings

7,000

2,500

-

7,500

-

-

-

-

-

-

-

Net (decrease) increase in borrowings

-

-

-

-

10,198

-2,844

-39,465

1,595

-2,989

-6,692

-48,628

Repurchase of common stock warrant

-

-

-

-

-

2,303

-

-

-

-

-

Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

19,914

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

0

Net proceeds from issuance of common stock

-

-

-

149

135

133

125

200

41

0

0

Repurchases of common stock

4,385

1,105

-

-

1,687

161

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

10,000

10,000

0

-

Proceeds from exercise of stock options

-

-

-

362

1,303

11

4,301

1,309

694

409

326

Cash dividends paid

5,131

4,931

4,637

4,464

4,148

4,050

3,845

3,682

4,018

4,088

4,080

Other financing activities, net

-4

-

231

-

-

-

-

-

-

-

-

Net cash provided by financing activities

101,513

-4,009

50,359

29,605

53,658

-

-

-

5,010

8,133

23,437

Net (decrease) increase in cash and cash equivalents

50,420

-4,410

16,222

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

9,713

-31,931

29,190

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-49,742

-14,673

19,477

122,519

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

14,113

1,827

-28,381

28,173

Supplemental cash flow disclosures:
Interest paid

14,150

10,909

9,430

8,927

9,026

-

-

-

-

-

-

Interest paid

-

-

-

-

-

9,710

9,528

10,385

-11,930

13,644

-15,811

Income taxes paid

2,296

821

5,133

2,311

560

3,577

5,986

8,949

-6,955

4,070

-4,231

Supplemental disclosure of noncash investing and financing activities
Value of shares withheld at vesting for employee taxes

532

432

560

414

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

496

98

208

-

-

-

-

-

-

-

-

Unrealized losses on securities available for sale

-

-

-

-3,238

-2,090

7,059

-8,754

2,085

-

-

-

Unrealized gains (losses) on securities available for sale

-

-

-

-

-

-

-

-

-

-1,026

-

Transfers from loans to other real estate owned

-

-

-

618

824

1,960

588

3,866

-

5,265

-

Transfers from corporate premises and equipment to other real estate owned

835

-

-

-

-

-

-

-

-

-

-

Liabilities assumed to acquire right of use assets under operating leases

1,137

-

-

-

-

-

-

-

-

-

-

Issuance of noncontrolling interest

490

-

-

-

-

-

-

-

-

-

-

Unrealized gains on cash flow hedging instruments

-

-

-

119

-

-

-

-

-

-

-

Pension adjustment

-

-

-

-

-789

-2,116

917

-37

-

-

-

Unrealized gains on cash flow hedging instruments

-

-

-

-

-72

227

182

1

-

-

-

Assets acquired, excluding cash and cash equivalents of $59,775

-

-

-

-

-

-

311,173

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

366,752

-

-

-

-

Unrealized (losses) gains on securities available for sale

-

-

-

-

-

-

-

-

4,095

-

-

Loans transferred to other real estate owned

-

-

-

-

-

-

-

-

-5,040

-

16,874

Pension adjustment

-

-

-

-

-

-

-

-

-860

215

-

Pension adjustment

-

-

-

-

-

-

-

-

-

-

1,129

Unrealized gain on cash flow hedging instrument

-

-

-

-

-

-

-

-

-368

-148

-