Connectone bancorp, inc. (CNOB)
CashFlow / TTM
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
Cash flows from operating activities
Net income

67,790

73,395

71,284

69,490

67,736

60,352

52,260

45,435

35,591

43,220

30,616

29,395

32,571

31,082

42,674

41,660

41,323

41,311

39,766

30,690

24,546

18,565

15,526

18,854

19,399

19,925

19,410

18,770

18,200

17,507

16,660

15,908

15,139

13,926

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment

3,188

3,053

3,059

3,123

3,101

3,062

3,123

3,139

3,151

3,151

2,984

2,954

2,826

2,704

2,673

2,474

2,163

2,309

2,048

2,750

2,640

2,045

1,953

885

878

886

908

922

916

914

914

920

952

983

0

0

0

Provision for loan losses

19,600

8,100

8,700

7,800

7,800

21,100

22,000

22,350

22,700

6,000

29,200

34,500

36,800

38,700

18,555

15,980

13,780

12,605

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase to valuation allowance, loans held-for-sale

-

-

-

-

-

-

-

-

-

15,592

0

0

2,600

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

1,696

1,408

1,212

1,017

822

627

652

676

700

724

748

772

796

820

844

868

893

917

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net accretion of loans

6,089

5,056

3,948

2,771

1,911

1,127

1,936

2,033

1,662

2,073

2,005

2,677

3,696

4,280

4,603

4,809

4,784

5,052

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion on bank premises

88

86

86

77

72

67

62

66

67

74

96

110

124

132

125

120

113

108

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion on deposits

2,324

1,149

928

665

370

57

58

50

42

31

24

52

101

172

243

295

354

470

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization on borrowings, net

-194

-209

-188

-120

-27

76

145

178

194

203

213

241

275

307

337

350

384

441

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan and lease losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

1,677

2,448

0

0

0

Stock-based compensation

2,650

2,942

3,528

3,452

3,082

1,884

962

828

1,019

1,778

1,778

1,860

1,747

2,113

1,521

1,126

1,023

747

1,048

915

686

223

69

68

64

59

53

49

43

39

35

31

34

35

0

0

0

Net other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

652

562

696

836

870

371

303

305

342

0

0

0

Gains on sales of securities available-for-sale, net

-259

-280

0

0

0

-

-

-

-

1,596

1,596

5,727

5,830

4,234

5,372

3,308

3,425

3,931

3,511

1,555

1,909

2,818

3,177

3,409

3,435

2,363

1,623

2,177

2,230

2,882

3,401

3,820

4,110

3,976

0

0

0

Gains on equity securities, net

-369

-294

-398

-162

43

267

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sale of loans held-for-sale, net

886

512

373

97

63

61

619

667

704

708

205

210

218

232

198

206

248

327

393

395

339

261

183

144

192

294

426

487

496

484

716

509

409

251

0

0

0

Loans originated for resale

24,188

20,499

13,722

6,667

4,573

4,121

4,499

6,690

8,023

9,083

10,395

11,098

10,193

10,004

9,229

10,029

14,282

20,834

21,682

21,775

17,294

10,994

8,087

5,286

9,379

14,816

21,480

23,531

23,181

22,013

21,346

22,363

18,345

14,357

0

0

0

Proceeds from sale of loans held-for-sale

37,187

21,011

12,767

6,764

4,555

4,552

54,053

56,649

58,436

63,731

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,971

21,161

22,005

22,719

16,431

11,445

7,641

5,532

10,345

16,601

22,843

23,923

24,926

22,024

21,253

23,029

17,000

13,923

0

0

0

Net (gains) losses on disposition of premises and equipment

-

-

-

-

-

-

-

-

-

8

65

65

65

57

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-82

-82

-110

215

182

130

158

-167

-164

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life insurance death benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-291

0

0

0

-

0

0

0

-

-

-

-

Decrease in prepaid FDIC insurance assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-941

-1,171

-1,465

-1,698

0

0

0

Increase in cash surrender value of bank owned life insurance

3,630

3,484

3,949

3,785

3,727

3,094

2,265

2,499

2,437

2,952

3,118

2,748

2,651

2,559

2,462

2,235

2,008

1,782

1,554

1,567

1,434

1,303

1,172

1,036

1,054

1,073

1,095

1,069

1,041

1,018

994

1,014

1,029

1,038

0

0

0

Amortization of premiums and accretion of discounts on securities available-for-sale

-4,717

-4,299

-3,725

-3,160

-2,871

-3,233

-3,400

-3,385

-3,187

-2,631

-2,352

-2,000

-1,764

-1,692

-1,499

-1,427

-1,692

-1,793

-1,550

-2,269

-2,056

-2,074

-2,617

-2,416

-2,894

-3,316

-3,715

-4,091

-4,336

-4,589

-4,568

-4,315

-4,167

-4,012

0

0

0

Amortization of subordinated debentures issuance costs

329

329

328

328

328

332

291

251

210

165

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accrued interest receivable

209

301

900

2,084

2,744

2,744

2,849

3,560

3,319

2,505

2,344

468

98

420

835

671

1,090

845

686

1,171

702

428

214

-156

198

233

144

-4

70

241

423

1,236

1,208

2,085

0

0

0

Net change in operating leases

-115

1,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in other assets

8,976

22,619

-1,307

-3,223

-4,858

1,134

3,022

-793

2,895

-5,706

3,423

3,231

1,537

15,006

-1,612

3,878

5,987

-1,101

2,252

2,354

-563

-2,200

-3,893

-6,174

-1,093

-414

1,811

2,147

-91

1,465

-697

4,287

1,398

402

0

0

0

Decrease in other liabilities

2,279

-2,785

-353

-15,723

-2,481

4,988

4,388

12,494

4,087

3,887

2,403

-2,730

-3,646

-2,022

-2,355

5,254

2,268

-1,080

4,462

-578

-1,980

377

-8,029

-3,622

-2,432

-1,792

2,536

1,242

-111

980

-5,187

1,615

697

-585

0

0

0

Net cash provided by operating activities

94,150

60,688

85,079

70,028

81,826

89,060

130,157

137,391

126,550

131,133

81,403

73,299

67,193

49,712

51,301

51,722

45,549

46,231

47,166

34,585

27,905

26,015

15,784

23,401

21,112

23,153

24,467

22,593

24,113

21,066

17,372

18,858

18,412

18,084

0

0

0

Cash flows from investing activities
Cash flows from investing activities
Securities available-for-sale:
Purchases

205,179

225,853

229,050

221,157

201,085

140,013

200,133

167,359

221,042

224,621

189,628

215,229

196,304

165,527

117,451

94,649

54,995

37,403

41,132

38,308

29,032

37,886

49,862

46,202

128,657

155,464

160,470

192,950

156,752

207,880

243,777

321,448

379,020

400,644

0

0

0

Sales

109,277

183,728

0

0

0

-

-

-

-

29,543

29,543

108,223

114,796

85,253

106,087

59,533

55,694

65,231

58,108

25,982

39,375

80,449

98,130

109,992

127,770

122,165

106,249

137,808

133,552

130,059

133,016

167,782

219,783

254,821

0

0

0

Maturities, calls and principal repayments

193,039

178,116

162,477

157,381

137,727

141,859

163,161

145,297

127,224

109,104

89,835

126,142

134,675

137,587

117,917

90,691

79,629

62,007

66,087

41,084

33,170

33,496

28,695

31,281

39,256

46,378

58,716

59,805

53,869

48,406

40,374

36,033

35,820

48,029

0

0

0

Investment securities held-to-maturity:
Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

4,034

8,545

17,531

0

0

0

-

-

-

-

23,531

32,730

16,844

16,758

16,606

0

0

0

-

-

-

-

Maturities and principal repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

14,757

17,576

21,184

20,210

17,520

19,233

12,006

12,625

10,766

6,817

6,095

4,031

3,830

10,821

16,736

23,659

30,258

0

0

0

-

-

-

-

Net purchases of restricted investment in bank stocks

3,764

-3,739

-4,540

-674

-2,895

-2,361

2,814

289

9,637

9,187

5,137

6,942

-6,502

-8,302

-5,827

-1,868

6,613

9,077

0

0

0

-

-

-

-

22

22

-203

-317

-319

-280

-55

87

-363

0

0

0

Purchases of equity securities

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on loans held-for-sale

0

-

-

-

-

159

440

902

1,557

3,122

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans

303,339

243,430

318,354

367,649

363,066

362,625

549,985

617,819

695,391

714,159

578,289

493,680

415,252

490,777

504,365

608,482

621,303

557,881

525,417

458,244

353,067

279,270

170,976

104,070

108,716

71,761

89,159

45,546

39,872

83,478

97,198

111,091

74,979

49,223

0

0

0

Purchases of bank owned life insurance

0

-

-

-

-

-

-

-

-

-

-

-

-

16,999

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of fixed assets

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

2,998

1,527

1,758

2,467

2,169

2,051

2,142

1,832

1,864

2,661

0

0

0

-

-

-

-

3,881

2,351

2,972

2,165

2,037

2,637

1,416

1,141

973

781

858

888

842

782

511

417

316

0

0

0

Proceeds from sale of OREO

0

-

-

-

-

-

-

-

-

1,124

1,124

2,224

2,798

2,992

3,635

1,955

1,381

769

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans held-for-sale to held-for-investment

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash consideration paid in acquisition

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from life insurance death benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

592

0

0

0

-

0

0

0

-

-

-

-

Net cash used in investing activities

-162,487

-102,467

-194,425

-268,010

-314,739

-357,214

-590,589

-650,520

-808,573

-817,727

-662,339

-491,029

-361,033

-427,669

-416,412

-560,013

-563,387

-504,747

-467,885

-377,654

-260,194

-144,383

-21,551

-32,358

-84,780

-77,554

-110,554

-48,485

-10,837

-108,320

-158,507

-218,383

-202,066

-152,580

0

0

0

Cash flows from financing activities
Cash flows from financing activities
Net (decrease) increase in deposits

132,140

260,489

347,287

320,288

428,671

297,021

365,054

475,087

394,152

450,888

354,844

229,432

462,507

553,477

602,568

632,057

397,414

315,829

197,850

243,576

104,975

82,260

103,509

-6,274

57,662

35,083

21,304

21,009

43,514

100,271

147,755

208,973

218,827

261,083

0

0

0

Increase in subordinated debentures

-

-

-

-

-

73,525

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances of Federal Home Loan Bank ("FHLB") borrowings

3,157,000

2,597,000

2,053,000

1,762,000

1,718,000

1,733,000

1,756,000

1,718,000

1,615,000

1,280,000

780,000

425,000

425,000

375,000

598,875

723,875

808,774

848,875

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of FHLB borrowings

3,084,539

2,762,150

2,235,944

1,859,031

1,873,833

1,803,000

1,711,000

1,715,000

1,396,000

1,071,000

661,000

280,000

580,000

570,000

738,875

775,869

671,037

656,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

0

0

0

Cash dividends paid on common stock

13,079

12,160

11,458

10,688

9,911

9,664

9,648

9,637

9,619

9,612

9,469

9,336

9,158

9,067

9,060

9,035

9,061

8,996

9,000

8,978

7,959

6,940

5,910

4,732

4,583

4,254

3,924

3,776

3,187

2,778

2,368

1,957

1,956

1,955

0

0

0

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-41,855

0

0

0

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

22

50

78

106

112

140

140

140

140

113

113

141

141

84

222

225

363

391

392

458

417

0

0

0

Common stock issuance costs

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

7

11

14

13

13

11

11

9

8

0

0

0

-

0

0

0

Repurchase of treasury stock

13,304

12,643

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

380

360

616

888

816

875

823

551

619

417

653

653

725

767

232

277

876

1,424

0

0

0

-

-

-

-

21

30

19

151

141

453

453

321

328

0

0

0

Net cash provided by financing activities

178,598

70,896

147,507

207,463

262,674

290,938

475,018

542,790

662,941

635,777

488,404

389,125

337,450

377,461

440,384

557,921

547,554

532,564

441,227

375,935

214,550

162,523

110,223

39,615

53,195

30,955

17,536

2,183

25,272

82,291

130,163

175,726

181,732

208,100

0

0

0

Net change in cash and cash equivalents

110,261

29,117

38,161

9,481

29,761

22,784

14,586

29,661

-19,082

-50,817

-92,532

-28,605

43,610

-496

75,273

49,630

29,716

74,048

20,508

32,866

-17,739

44,155

104,456

30,658

-10,473

-23,446

-68,551

-23,709

38,548

-4,963

-10,972

-23,799

-1,922

73,604

0

0

0

Cash payments for:
Supplemental disclosures of cash flow information
Cash payments for:
Interest paid on deposits and borrowings

90,809

88,522

82,905

74,776

67,075

55,662

51,114

47,133

40,045

36,721

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,828

25,125

23,357

20,503

19,509

16,786

14,785

12,858

10,870

10,989

10,993

11,223

11,362

11,524

11,894

12,062

12,269

12,317

12,226

0

0

0

Income taxes

0

-

-

-

-

9,092

14,042

14,637

17,373

16,205

9,420

11,325

12,765

22,945

19,030

20,020

22,615

17,880

17,385

14,985

9,993

4,993

7,185

5,650

5,227

4,727

0

0

0

-

-

-

-

-

-

-

-

Supplemental disclosures of noncash investing activities
Investing:
Trade date accounting settlement for investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,999

-2,216

-16,037

0

0

0

0

Transfer of loans to other real estate owned

-

-

-

-

-

538

1,076

1,076

1,076

1,118

580

884

1,467

887

0

0

0

-

-

-

-

-

-

-

-

-

-

1,536

1,536

1,300

0

0

0

-

-

-

-

Transfer of loans held-for-sale to loans held-for-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans from held-for-investment to held-for-sale

0

-

-

-

-

21,236

60,500

95,152

98,152

73,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from investment securities held-to-maturity to investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

Business combinations:
Fair value of assets acquired

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of liabilities assumed

852,729

488,475

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash consideration paid in acquisition

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-