C & f financial corp (CFFI)
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
Operating activities:
Net income

3,639

4,352

4,885

5,842

3,771

3,957

5,101

5,070

3,892

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

3,017

4,139

2,731

3,082

3,187

4,706

2,484

2,307

3,477

4,101

2,645

2,417

3,292

3,743

2,892

2,894

3,366

4,178

4,006

3,888

4,533

4,181

3,780

3,411

3,513

3,083

2,969

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

885

914

896

910

916

875

812

783

750

737

682

698

654

733

658

654

621

610

564

684

653

667

611

777

684

675

546

566

562

580

571

559

560

568

528

510

515

Provision for loan losses

2,650

2,510

1,800

1,810

2,395

3,306

2,400

2,000

3,300

4,500

4,435

3,100

4,400

4,915

4,925

3,600

4,600

5,700

4,142

2,155

3,515

5,415

4,140

3,265

3,510

-

-

-

-

-

-

-

-

-

-

-

-

Provision for indemnifications

-

-

-

-

-

-

-

16

36

-

52

52

36

47

103

88

52

62

73

81

58

58

73

63

46

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,840

3,120

3,180

-

2,965

2,860

2,725

3,875

4,075

3,390

2,820

Provision for indemnifications

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117

150

225

-

500

330

125

255

146

175

231

Provision for other real estate owned losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-150

-

-450

-150

-200

-200

-300

-250

-161

Share-based compensation

389

393

306

310

457

389

316

321

319

376

321

351

403

304

299

310

305

452

203

312

264

391

234

247

232

289

165

149

140

201

123

122

120

144

119

25

107

Pension expense

172

162

163

183

141

88

91

89

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension contribution

-

-

-

-

-

0

0

0

-3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of certain acquisition-related discounts, net

1,259

692

541

1,273

365

705

963

472

894

387

333

661

325

1,904

454

436

312

356

262

562

738

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

83

40

49

63

78

91

107

119

134

149

241

246

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

4

-

-

-

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

1

5

-1

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net accretion of acquisition-related fair value adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-820

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discounts and amortization of premiums on securities, net

-370

-357

-366

-401

-410

-434

-454

-450

-445

-440

-421

-408

-407

-219

-381

-433

-423

-389

-415

-375

-372

-331

-446

-296

-333

-315

-162

-159

-176

-183

-182

-175

-191

-177

-193

-189

-199

Realized gains on calls of securities

-

-

-

-

-

-

-

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gains on sales and calls of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

1

-

22

2

1

-

-

-

-

0

270

4

2

-

-

-

-

12

1

0

0

Net realized gains on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

14

-2

-2

24

12

80

18

-

-

-

-

148

-21

106

121

116

-13

108

7

-15

67

0

-13

-30

108

-12

-9

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

-

-

-

-

-

-

-

10

27

-

-

-

-

63

0

137

46

-11

30

4

3

37

21

-10

48

-

-

-

-

-

-

-

-

-

-

-

-

Income from bank-owned life insurance

103

461

82

85

83

176

84

83

81

180

85

84

84

173

90

578

86

191

88

87

88

241

68

105

83

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

227,422

280,919

280,518

195,830

146,701

165,742

201,889

190,747

161,872

183,913

207,026

205,381

153,790

205,157

202,497

142,480

124,276

126,703

169,348

139,456

104,395

123,671

145,099

122,755

99,802

157,218

204,841

198,148

205,469

233,718

240,601

191,246

179,602

155,043

160,761

134,659

163,066

Origination of loans held for sale

253,868

277,214

278,206

246,876

138,705

160,324

191,062

203,739

143,903

187,951

206,921

208,811

141,097

188,956

205,314

176,075

103,972

125,288

146,606

161,445

115,948

114,957

146,218

126,082

91,384

129,698

201,440

212,028

178,174

220,681

239,502

206,661

173,296

188,728

154,648

148,985

124,077

Gains on sales of loans held for sale

3,676

2,307

3,205

2,955

2,136

1,442

1,752

2,408

2,239

1,835

2,156

2,619

1,943

1,539

2,299

2,552

1,730

1,533

1,156

2,002

1,645

1,083

1,188

1,646

1,169

-

-

-

-

-

-

-

-

-

-

-

-

Other (gains) and losses, net

-257

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in other assets and liabilities:
Accrued interest receivable

47

91

-544

-38

-169

82

102

63

-400

484

220

120

-496

710

-449

293

-122

175

0

575

-342

178

-12

229

-334

-269

64

-21

-107

79

234

136

-18

92

30

30

17

Other assets

-4,455

-3,495

2,989

3,877

-3,508

-1,435

-2,197

-131

-173

3,373

-29

955

-492

-4,650

4,509

922

777

2,353

-1,109

275

910

-2,254

-53

1,189

2,401

-554

-1,624

1,561

175

274

458

-1,205

1,645

-339

-1,008

129

1,111

Accrued interest payable

-43

28

-13

110

246

4

34

37

7

32

81

17

5

31

-39

-14

27

11

-20

-23

-10

-51

-16

-23

-13

-842

-12

-11

-40

-84

-53

-133

-4

-9

-25

-24

9

Other liabilities

-3,100

-3,793

1,048

5,747

-3,322

-3,316

1,412

437

795

-2,095

2,387

96

-3,485

-1,414

2,169

3,905

-857

107

387

643

387

-5,101

3,009

-2,701

323

-4,076

-4,253

1,109

-1,235

-2,878

5,319

-4,893

2,470

4,539

-1,666

-2,571

94

Net cash (used in) provided by operating activities

-21,778

8,990

5,458

-43,779

14,167

10,909

20,678

-6,574

22,109

106

9,105

43

16,521

-

-

-

-

-

-

-

-

-

-

-

-

-

8,786

-5,954

34,382

-

14,927

-11,003

14,859

-21,702

14,165

-9,446

44,975

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,111

-

31,518

-17,304

-6,712

14,878

9,012

-1,830

12,117

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Acquisition of Peoples Bankshares, Incorporated

-19,101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposition of assets related to business combination

8,004

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

39,063

19,990

21,954

17,982

15,657

15,800

12,865

9,667

12,735

7,560

12,472

10,120

11,368

9,059

16,766

19,308

12,222

12,048

7,511

8,337

8,554

6,796

10,319

4,959

16,586

61,875

2,209

8,178

7,179

5,766

7,260

13,272

7,802

9,330

6,457

8,486

6,825

Purchases of securities available for sale

64,746

19,228

12,394

8,256

8,338

12,130

9,817

14,225

15,150

19,606

9,113

10,219

14,523

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on loans held for investment by non-bank affiliates

32,448

30,112

32,353

30,076

30,599

29,370

32,279

27,244

28,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (purchases) proceeds from sale of restricted stock

-

-

-

-

-

-

106

0

-55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,507

14,732

7,649

12,251

8,830

8,910

7,220

7,451

12,814

8,697

7,284

14,707

2,868

10,366

5,882

18,173

6,051

9,659

7,023

11,956

5,739

10,494

11,725

Net purchases of restricted stocks

-

-

-

-

-

-

-

-

-

-

-

0

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net purchases of restricted stocks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-58

0

0

0

97

248

0

0

646

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of loans held for investment by non-bank affiliates

29,305

32,116

39,905

40,502

36,854

29,725

38,967

32,906

31,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of restricted stocks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

219

-

-

-

-

-

-

-

-

Net increase in retail banking loans held for investment

4,911

24,761

-8,082

5,957

9,250

28,191

690

-275

-886

4,922

28,123

-1,417

8,031

1,740

16,155

38,301

27,674

29,464

19,303

6,017

10,855

11,986

5,432

11,612

1,258

-6,371

14,757

482

4,162

1,215

14,695

11,748

11,912

-1,061

6,467

17,081

6,953

Other real estate owned improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

205

-

0

0

0

Proceeds from sales of other real estate owned

281

-

-

-

-

-

-

-

-

0

130

90

25

299

280

645

160

1

373

286

46

-385

493

1,791

2,483

-

-

-

-

-

-

-

-

-

1,957

2,378

3,516

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

1,322

866

-

347

159

944

-

-

-

-

Purchases of corporate premises and equipment

1,548

705

530

718

753

927

759

1,067

621

1,776

1,314

521

569

976

847

327

558

808

440

255

305

212

385

767

451

525

1,232

579

1,318

36

195

378

282

262

397

645

536

Change in collateral posted with other financial institutions, net

8,270

-

-

-

2,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities, net

-199

-

-

-

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-9,684

-29,765

9,621

-4,479

-11,306

-25,781

-4,770

-11,002

-5,970

-20,774

-31,255

3,887

-11,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,469

-1,927

-3,098

-

-13,329

-8,336

-10,676

-846

-4,100

-17,356

-8,873

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,557

-

-20,689

-22,817

-9,683

-12,990

-7,819

-14,326

10,722

-

-

-

-

-

-

-

-

-

-

-

-

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

12,632

32,958

22,544

-10,352

-11,057

22,888

-30,152

10,629

8,260

24,598

19,301

-7,277

11,348

32,272

-651

5,394

4,590

30,320

8,532

2,905

32,550

25,304

-25,674

25,322

26,233

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,597

779

12,513

-

6,422

14,802

11,915

13,351

2,478

494

6,702

Net increase in time deposits

8,745

9,712

15,827

18,367

31,590

318

-4,824

-3,291

6,404

4,210

-4,879

2,952

1,255

-1,479

11,320

-2,023

-3,135

1,516

-9,563

-11,866

-6,537

-366

-12,360

-12,473

-7,059

-4,355

-3,968

-3,446

-2,233

-5,991

343

-17,909

2,223

-4,301

9,043

-4,657

-1,828

Net increase in short-term borrowings

2,030

-499

16

-180

2,107

-114

-3,799

-912

-880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

7,519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in borrowings

-

-

-

-

-

-

-

-

-

-

-

-319

1,198

-

-3,860

-2,670

-3,555

-1,699

-2,715

15,976

-1,364

-3,495

896

-3,953

3,708

-43,979

122

-81

4,473

-8,232

-5,012

17,585

-2,746

1,727

-2,067

2,647

-5,296

Repurchase of common stock warrant

355

-

-

-

1,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

-

-

-

-

-

-

35

36

36

-

37

38

37

-201

276

37

37

34

34

34

33

34

33

32

34

-

-

-

-

80

39

39

42

-104

3

142

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

185

-

13

6

136

208

0

29

1,450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

0

0

83

-

-

-

-

-

-

-

-

-

-

-

-

2,089

1,549

646

17

510

298

242

259

-

-

-

0

Cash dividends paid

1,388

1,300

1,267

1,276

1,288

1,288

1,262

1,191

1,190

1,186

1,151

1,150

1,150

1,148

1,107

1,105

1,104

1,094

1,017

1,019

1,018

1,021

1,020

1,021

988

979

966

952

948

940

871

914

957

946

1,008

1,033

1,031

Other financing activities, net

-107

140

0

-36

-108

-

0

0

-144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

14,038

40,414

36,060

5,462

19,577

20,736

-42,502

5,271

12,486

29,622

13,722

-5,571

12,586

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,818

-3,012

13,822

-

1,219

3,845

10,736

10,421

-1,551

-2,407

-1,453

Net (decrease) increase in cash and cash equivalents

-17,424

19,639

51,139

-42,796

22,438

5,864

-26,594

-12,305

28,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,303

-

-4,729

6,001

22,214

20,399

-38,218

5,604

21,928

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-1,641

17,337

14,206

-3,514

-58,685

-1,749

7,528

6,100

-34,120

5,819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,767

-

-15,501

-10,893

45,106

11,871

2,817

-15,494

14,919

-12,127

8,514

-29,209

34,649

Supplemental cash flow disclosures:
Interest paid

4,175

3,795

3,774

3,532

3,049

2,971

2,760

2,618

2,560

2,454

2,401

2,319

2,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,226

-

2,270

2,268

2,279

2,359

2,409

2,709

2,233

15,890

-2,081

-2,093

-2,188

18,421

-2,464

-2,729

-2,843

-20,933

2,956

9,102

-3,055

Income taxes paid

3

1,276

474

538

8

631

-572

754

8

517

1,726

2,876

14

169

912

1,217

13

110

111

247

92

1,178

358

2,013

28

11,044

-2,024

-2,526

-508

15,485

-1,618

-4,690

-228

-12,613

1,397

4,645

-384

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

246

258

27

10

237

200

0

13

219

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized losses on securities available for sale

-

-

-

-

-

-

-

-

-

-

-265

257

306

-4,421

-1,211

710

1,684

-1,240

1,424

-2,797

523

1,370

579

1,940

3,170

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

0

0

208

0

224

0

394

-2,990

1,506

2,258

50

-775

755

2,160

-180

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed to acquire right of use assets under operating leases

204

-

-

-

821

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of noncontrolling interest

-

-

-

-

490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension adjustment

-

-

-

-

-

-

-

-

-

-

-

-

23

-

23

23

23

-744

-15

-15

-15

-2,089

-45

9

9

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains on cash flow hedging instruments

-

-

-

-

-

-

-

-

-

-

-

-

65

-

244

-134

-538

359

-449

166

-148

88

53

46

40

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (losses) gains on securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-537

-

459

780

125

-

-

-

-

Loans transferred to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

-140

70

-

991

-540

102

-9,079

418

6,597

-2,976

Pension adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

40

-13

-

9

9

9

-

-

-

-

Pension adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

Unrealized gain on cash flow hedging instrument

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

67

49

-

-23

-33

5

30

-260

-227

89