Cortland bancorp inc (CLDB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net cash flow from operating activities

-

-

-

-

3,846

7,206

26,900

-14,911

-

-

-

Net cash flow from operating activities
Net income

7,282

8,835

4,350

4,871

-

-

-

-

-

-

-

Net income

-

-

-

-

4,378

3,869

1,784

2,913

4,072

3,271

-6,335

Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation, amortization and accretion

2,243

2,315

2,735

2,770

2,534

2,465

3,221

3,060

2,411

1,807

808

Provision for loan losses

715

725

100

50

455

1,638

650

3,020

1,196

-

-

Investment securities available-for-sale losses (gains), net

-44

-21

7

466

-

-

-

-

-

-

-

Investment securities available-for-sale gains, net

-

-

-

-

75

588

535

14

-

-

-

Originations of mortgage banking loans held for sale

68,789

45,813

51,730

61,003

39,191

18,443

249,714

244,112

5,410

11,856

15,054

Proceeds from the sale of mortgage banking loans

66,493

48,527

54,578

61,730

36,575

18,907

275,305

222,075

4,887

11,830

15,555

Mortgage banking gains, net

1,554

974

1,074

1,248

785

440

1,491

1,772

-

-

-

Net mortgage banking income

-

-

-

-

-

-

-

-

162

236

265

Decrease in trading account

-

-

-

-8,134

273

614

7,247

-

-

-

-

Earnings on bank-owned life insurance

392

1,869

1,203

328

338

336

324

379

496

525

553

Investment securities gains

-

-

-

-

-

-

-

-

882

1,018

432

Net impairment losses recognized in earnings

-

-

-

-

-

-

1,954

171

202

2,712

14,502

Other real estate gains

-

-

170

13

-

-

-25

-35

-113

-55

15

Proceeds from IRS refund

-

-

-

-

-

-

-

-

1,400

-1,400

-

Changes in:
Interest receivable

81

62

152

401

-83

48

-90

-154

-205

12

-525

Interest payable

139

46

37

33

7

-42

-69

-81

-94

-190

-246

Deferred taxes

-209

-1,008

-1,218

129

-303

-

-

-

-

-

-

Equity compensation

774

214

153

75

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

505

427

Deferred taxes

-

-

-

-

-

451

96

973

-61

766

-5,016

Prepaid FDIC assessment

-

-

-

-

-

-

-1,187

-272

-647

-809

2,915

Federal income tax receivable

-601

625

243

-281

260

-982

-667

1,719

-

0

-

Other assets and liabilities

-309

-786

-541

254

-433

595

-1,301

-493

-228

543

-834

Net cash flow from operating activities

7,993

13,134

9,133

14,102

-

-

-

-

8,256

5,975

1,820

Cash flow from investing activities
Purchases of available-for-sale securities

20,365

14,643

44,962

103,032

-

-

-

-

-

-

-

Proceeds from sale of available-for-sale securities

13,622

21,418

44,801

50,862

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

29,055

52,515

50,377

71,540

57,746

85,753

49,422

Proceeds from sale of available-for-sale securities

-

-

-

-

12,291

32,733

29,338

24,796

14,458

-

-

Proceeds from call, maturity and principal payments on available-for-sale securities

12,184

12,173

17,255

21,203

23,708

22,137

39,126

46,884

-

-

-

Purchases of regulatory stock

254

-

-

-

-

-

-

-

-

-

-

Proceeds from call, maturity and principal payments on securities

-

-

-

-

-

-

-

-

44,370

-

-

Purchases of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

2,040

Proceeds from sales of securities

-

-

-

-

-

-

-

-

-

15,153

3,734

Proceeds from call, maturity and principal payments on securities

-

-

-

-

-

-

-

-

-

53,682

63,872

Net decrease in loans made to customers

4,772

28,007

68,592

25,937

34,594

13,649

30,496

30,509

24,636

17,737

3,277

Proceeds from sale of other real estate

-

-

650

121

41

99

321

327

378

149

487

Proceeds from or (purchases) of bank-owned life insurance

-

-

-

-

-

1,605

-

-

-

-

-

Proceeds from bank-owned life insurance

403

3,808

1,829

280

-

-

-

-

-

1,138

-

Proceeds from sale of premises and equipment

-

-

-

-

-

-

14

-

-

-

-

Purchases of bank-owned life insurance

2,068

-

900

-

-

-

714

694

-

0

-

Contributions to partnership funds

2,153

1,547

4,152

857

2,459

-

-

-

-

-

-

Purchases of premises and equipment

2,685

1,935

802

799

2,302

1,864

894

730

336

175

222

Net cash flow from investing activities

-

-

-

-

-32,370

-14,664

-13,682

-31,466

-

-

-

Net cash flow from investing activities

-6,088

-8,733

-54,873

-58,159

-

-

-

-

-23,512

-33,543

13,132

Cash deficit from financing activities
Net decrease in deposit accounts

13,962

18,568

46,001

43,446

39,643

8,092

-28,232

54,136

31,256

4,014

7,542

Net change in short-term borrowings

-284

-472

-24

203

-1,760

455

-247

-722

-128

-1,965

1,218

Net change in Federal Home Loan Bank advances - short term

-12,000

-20,000

9,000

6,000

1,500

7,400

3,100

-

-

-

-

Repayments of Federal Home Loan Bank advances - long term

6,000

6,000

15,500

9,500

4,000

12,500

2,500

1,500

23,500

15,500

6,000

Net change in Federal Home Loan Bank advances - short term

-

-

-

-

-

-

-

6,000

8,000

12,000

-

Proceeds from Federal Home Loan Bank advances - long term

14,000

8,000

12,000

2,000

4,000

3,000

-

-

-

-

-

Dividends paid

2,184

2,149

1,726

1,237

1,082

816

544

136

-

0

3

Treasury shares purchased

1,336

1,781

237

-

1,850

-

-

-

-

-

1

Treasury shares (purchased) sold, net

-

-

-

-

-

-

24

-

-

-

-

Treasury shares reissued

60

-

-

-

-

-

-

-

-

-

272

Net cash deficit from financing activities

-

-

-

-

36,451

5,631

-28,399

57,778

-

-

-

Net cash deficit from financing activities

6,218

-3,834

49,514

40,912

-

-

-

-

15,628

-1,451

3,028

Net change in cash and cash equivalents

8,123

567

3,774

-

-

-

-

-

-

-

-

Cash and cash equivalents
Net change in cash and cash equivalents

-

-

-

-3,145

7,927

-1,827

-15,181

11,401

372

-29,019

17,980

Supplemental disclosures:
Cash paid during the period for:
Income taxes

-

600

1,050

625

1,010

320

-

400

1,490

1,395

810

Interest

5,415

4,337

3,153

2,885

-

-

-

-

-

-

-

Interest

-

-

-

-

2,600

2,926

3,473

4,152

4,826

6,557

9,475

Transfer of loans to other real estate owned

-

-

480

47

62

97

234

70

-

-

-

Adoption of lease standard:
Increase in ROU asset

2,061

-

-

-

-

-

-

-

-

-

-

Increase in lease liability

2,061

-

-

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

80

365

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

350