Community trust bancorp inc /ky/ (CTBI)
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

6,579

16,008

15,269

18,324

14,939

15,709

16,106

11,599

15,814

14,912

13,763

11,541

11,277

11,866

12,312

11,566

11,602

11,870

11,222

12,402

10,938

9,992

10,924

12,195

10,140

8,757

12,653

11,942

11,820

10,552

10,209

12,232

11,869

9,888

10,665

8,970

9,304

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

1,356

1,383

1,443

1,262

1,427

933

935

953

965

988

996

1,002

1,021

1,026

969

961

948

955

950

1,011

1,016

1,007

1,051

1,135

1,121

1,122

1,139

1,150

1,151

1,112

1,093

1,058

1,061

1,093

1,133

983

1,007

Deferred taxes

-2,037

1,174

2

-4,596

2,008

-405

-4

0

163

-3,212

-1

1

122

182

4

0

515

-1,596

1,315

11

385

-2,469

486

1,378

-443

12

8,940

-9,275

905

7,781

-1,168

-1,943

771

3,279

-1,432

-1,604

-337

Stock based compensation expense

228

214

213

232

200

157

153

164

236

189

145

155

147

111

112

112

123

265

131

190

197

304

204

153

191

200

163

171

164

149

149

148

146

151

37

308

154

Excess tax benefits of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-158

151

0

-93

86

-42

5

-153

-738

-12

-4

-6

-472

-58

-7

-35

-1

-47

-112

-336

-55

-54

70

16

Provision for credit losses

12,707

1,813

1,253

1,563

190

1,749

1,543

1,929

946

2,862

666

2,764

1,229

2,043

2,191

1,873

1,765

1,910

2,520

2,319

1,901

3,375

3,300

735

1,345

1,219

2,129

3,661

1,559

2,946

2,919

2,425

1,160

3,040

2,515

3,320

4,387

Amount of expense recognized in the income statement for write-down of other real estate owned (OREO) and other repossessed assets.

458

942

2,172

692

489

540

670

853

467

163

884

1,449

538

582

408

90

134

510

783

299

64

328

241

287

874

522

182

630

1,146

1,805

540

180

179

3,574

713

1,759

418

Gains on sales of loans, net

483

582

450

518

330

386

319

304

279

423

390

251

256

474

595

446

316

403

462

823

290

687

303

288

190

293

653

755

1,397

580

660

705

617

583

438

1,109

-381

Securities gains, net

481

-1

-2

5

1

203

-2

2

-288

15

48

18

-8

0

458

-4

68

-248

12

-14

144

-66

-34

-51

-60

-14

-23

-8

0

336

0

784

35

-

-

-

-

Change in fair market value of equity securities

-232

210

16

199

355

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sale of assets, net

3

-1

-321

-89

51

68

38

1

68

-42

12

1

-11

31

-2

-102

27

206

130

9

-24

70

46

-29

-14

179

-68

-157

65

-

-

-

-

-46

-25

68

37

Proceeds from sale of mortgage loans held for sale

23,032

28,614

21,228

29,738

14,927

16,405

14,030

13,443

12,811

19,270

17,271

11,726

11,133

20,102

26,967

20,579

13,793

16,991

21,125

29,423

13,032

17,941

12,930

11,727

8,583

11,931

29,319

33,722

59,723

24,617

30,218

32,066

26,731

27,109

20,123

15,682

18,181

Funding of mortgage loans held for sale

22,785

27,256

21,654

16,638

25,785

17,451

13,647

13,087

12,644

18,275

13,862

13,500

12,232

18,797

26,740

19,133

15,012

15,777

20,653

29,088

11,983

19,151

12,098

10,724

9,176

11,699

26,442

34,509

37,289

45,753

29,289

30,759

27,220

26,236

19,890

51,597

-18,296

Amortization of securities premiums and discounts, net

-1,271

-1,322

-1,359

-1,249

-1,112

-1,031

-1,241

-1,275

-1,132

-1,062

-824

-751

-800

-838

-598

-453

-563

-546

-1,180

-682

-690

-650

-662

-685

-664

-755

-1,004

-1,131

-1,086

-1,232

-1,336

-1,520

-1,287

-1,289

-996

-2,090

656

Change in cash surrender value of bank owned life insurance

-340

-340

-384

-486

-357

-361

-372

-611

-1,580

-356

-409

-354

-354

-395

-393

-373

-385

-393

-452

-398

-395

-393

-402

-355

-356

-369

-415

-380

-324

-347

-375

-344

-344

-356

-372

-347

-332

Payment of operating lease liabilities

444

408

407

848

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights [Abstract]
Fair value adjustments

926

-174

354

911

-116

345

75

45

-122

-58

118

259

42

-336

0

239

421

-92

351

-225

255

284

39

278

229

-33

123

-365

69

48

392

326

-207

266

756

337

46

Amount of increase (decrease) to contract to service financial assets during the period.

144

185

139

640

-333

137

118

111

100

143

97

89

83

133

167

314

-93

1,000

-146

-213

-84

-140

-89

-82

-63

-86

-206

-205

-357

-131

-170

-189

-151

-148

-127

-115

-136

Changes in:
Accrued interest receivable

-156

-

-

-

-683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

1,173

2,481

-19,335

18,312

-6,399

2,790

5,616

-21,958

28,246

-416

1,446

-79

2,045

-697

531

907

2,464

-3,338

240

7,320

2,052

357

826

-196

-927

-973

-202

-3,958

486

-1,336

-1,794

946

392

1,254

-6,056

8,333

-2,785

Accrued interest payable

608

-

-

-

-1,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-5,939

1,999

772

-2,670

-2,541

163

1,318

10,559

-2,380

1,478

-1,575

-441

3,197

-9,093

13,780

-1,721

-92

-1,420

3,136

-12,481

8,277

-396

-259

-1,383

699

-993

-3,356

10,640

-5,968

-3,958

8,424

-7,426

10,090

-28,705

15,665

12,051

-224

Net cash provided by operating activities

13,724

21,368

40,454

9,546

12,090

13,463

15,959

48,662

-12,597

16,456

16,827

14,513

14,555

8,346

28,308

13,271

11,500

16,546

20,660

-4,211

21,984

11,022

15,860

16,021

14,625

12,325

24,931

21,558

31,902

701

25,505

7,026

24,664

-7,870

36,429

24,052

11,715

Cash flows from investing activities:
Interest Bearing Deposits In Banks [Abstract]
Purchase of certificates of deposit

-

-

-

-

-

-

-

-

-

245

0

2,695

8,820

0

0

0

0

-

-

-

-

-

-

-

-

4,712

-4,712

488

3,984

3,117

-3,117

-1,117

1,117

1,483

236

-5,692

3,973

The cash inflow associated with the maturity of interest bearing deposits in banks.

0

0

0

1,225

2,450

1,225

490

2,450

1,715

1,715

990

0

235

0

120

496

2,236

6,803

-906

0

-1,532

2,005

-294

-95

0

-

-

-

-

-

-

-

-

-

-

-

-

Securities available-for-sale (AFS):
Purchase of AFS securities

126,748

1,843

83,767

51,534

59,583

137,334

12,407

17,989

113,781

84,858

69,478

30,588

46,756

16,633

129,329

26,368

3,906

44,895

22,745

8,061

5,755

40,370

2,026

7,385

168,168

1

20,480

67,306

109,477

69,652

34,851

57,597

123,695

124,613

31,156

66,660

90,186

Proceeds from the sales of AFS securities

21,746

0

0

13,184

12,550

96,236

0

6,752

50,327

21,113

63,098

3,261

0

0

50,937

0

3,509

0

3,254

29,461

11,483

22,462

0

0

112,949

28,582

14,354

0

0

-

-

-

-

-

-

-

-

Proceeds from prepayments and maturities of AFS securities

72,243

49,741

26,555

51,338

46,491

19,966

25,200

27,277

37,258

76,912

12,368

23,540

46,764

31,275

23,334

30,070

19,623

22,259

26,297

17,633

12,879

13,929

13,318

15,865

19,911

18,201

27,589

34,985

31,637

55,944

44,863

35,159

33,626

47,655

27,435

24,004

18,902

Securities held-to-maturity (HTM):
Proceeds from maturities of HTM securities

517

0

102

0

30

10

0

0

0

199

0

0

8

315

480

0

0

0

0

0

1

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in loans, net

41,183

36,843

24,495

3,579

-18,755

32,444

10,938

51,714

-1,945

13,266

29,658

117,878

33,746

9,243

2,643

45,459

17,034

62,972

32,141

48,145

18,444

59,530

55,406

46,220

-28,250

166

33,536

26,859

15,881

-1,454

9,749

8,172

-8,803

-7,298

9,743

1,675

-8,752

Purchase of premises and equipment

423

745

783

816

226

489

260

1,576

507

719

494

700

487

1,087

665

865

881

561

618

721

346

331

1,048

452

250

1,172

330

336

267

478

1,253

1,134

1,436

310

646

386

1,774

Proceeds from sale and retirement of premises and equipment

-

-

-

-

-

74

0

4

19

0

0

0

25

0

0

10

0

-

-

-

-

60

4

0

18

-45

55

38

0

5

15

15

73

232

26

13

0

Redemption of stock by Federal Home Loan Bank

0

320

566

901

2,452

0

3,214

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,746

0

0

-1

1

-2

1

0

1

0

1

414

34

Investment in Federal Home Loan Bank stock

880

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional investment in Federal Reserve Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18

0

0

0

1

0

0

1

0

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned and repossessed assets

116

844

674

1,159

964

1,994

563

471

457

501

1,945

701

427

1,560

328

1,905

1,808

1,724

3,548

2,042

1,973

2,163

1,401

1,313

1,837

3,506

678

3,383

2,347

3,167

2,874

2,952

2,089

2,821

2,266

3,002

1,169

Additional investment in other real estate owned and repossessed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

85

0

0

0

0

-167

125

43

5

18

360

77

90

490

193

47

14

Additional investment in bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-644

644

-643

7,949

0

0

0

0

-

-

-

-

Proceeds from settlement of bank owned life insurance

-

-

-

-

-

0

-2,476

640

3,038

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-74,612

11,476

-82,356

12,506

23,883

-50,762

3,386

-33,685

-19,529

1,352

-21,229

-124,359

-42,350

6,187

-57,438

-40,211

5,355

-82,511

-21,290

-7,768

3,220

-66,121

-43,463

-36,784

2,292

49,072

-11,795

-55,743

-103,580

21,842

3,780

-14,837

-81,748

-53,958

-12,248

-46,875

-59,212

Cash flows from financing activities:
Change in deposits, net

-10,464

16,017

-47,626

54,078

77,153

32,304

-35,762

-10,262

55,807

63,497

94,756

-54,168

78,470

27,323

12,002

7,765

53,436

5,553

62,158

-26,469

65,283

-27,924

14,992

-37,000

69,115

-19,210

-47,889

-11,407

29,732

-7,996

-28,871

-6,838

69,194

69,537

27,701

-11,114

86,118

Change in repurchase agreements and federal funds purchased, net

6,992

168

-2,483

-2,168

5,414

-18,396

-4,471

4,859

774

-17,077

3,775

-4,423

12,970

-13,212

3,461

698

10,113

-10,547

11,372

-2,615

10,384

15,018

-1,975

6,805

5,847

-8,156

9,878

-10,035

6,411

-4,898

17,495

-36,217

15,773

-15,064

19,693

16,595

11,102

Proceeds from Federal Home Loan Bank advances

25,000

0

0

0

30,000

0

0

0

0

-

-

-

-

-

-

-

-

100,000

0

50,000

20,000

60,000

0

0

0

-

-

-

-

-

-

-

-

0

0

1

570

Payments on advances from Federal Home Loan Bank

25,004

6

5

5

30,005

351

15

20

23

250,024

100,025

25

25

50,027

28

29

100,028

28

50,028

29

80,029

29

29

29

29

30,030

31

40

42

43

45

45

20,047

49

50

52

49

Payment of finance lease liabilities

3

3

4

7

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

232

583

207

216

258

227

203

204

596

496

309

341

367

723

1,702

229

331

737

752

323

270

1,062

336

304

290

3,972

1,104

389

883

296

1,072

1,034

1,993

282

281

332

396

Repurchase of common stock

1,099

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

382

0

0

0

189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Netting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-158

151

0

-93

86

-42

5

-153

-738

-12

-4

-6

-472

-58

-7

-35

-1

-47

-112

-336

-55

-54

102

-16

Dividends paid

6,747

6,741

6,724

6,387

6,383

6,368

6,352

5,841

5,834

5,842

5,827

5,650

5,662

5,644

5,630

5,462

5,454

5,417

5,421

5,254

5,238

5,231

5,224

5,029

5,086

9,856

4,903

4,900

4,887

4,882

4,796

4,784

4,753

4,748

4,669

4,665

4,660

Net cash provided by (used in) financing activities

-11,093

10,018

-57,916

45,727

76,437

7,416

-46,397

-11,060

51,320

-8,950

42,988

34,635

86,120

9,005

11,658

3,201

-42,077

90,384

18,791

15,961

10,328

42,158

8,088

-34,953

70,131

-63,752

-11,899

-26,000

32,062

-17,524

-15,192

-46,962

61,824

49,903

42,902

1,199

93,461

Net increase (decrease) in cash and cash equivalents

-71,981

42,862

-99,818

67,779

112,410

-29,883

-27,052

3,917

19,194

8,858

38,586

-75,211

58,325

23,538

-17,472

-23,739

-25,222

24,419

18,161

3,982

35,532

-12,941

-19,515

-55,716

87,048

-2,355

1,237

-60,185

-39,616

5,019

14,093

-54,773

4,740

-11,925

67,083

-21,624

45,964

Supplemental disclosures:
Income taxes paid

-

-

-

-

-

-

-

-

-

5,150

9,850

6,250

150

5,253

2,712

9,860

1,419

5,328

2,724

9,475

3,000

5,648

3,450

2,620

4,100

6,577

3,910

5,840

4,500

427

1,125

6,400

3,800

5,300

0

4,780

3,600

Interest paid

7,848

13,168

9,190

9,388

8,830

10,436

7,287

5,608

5,290

6,115

4,239

3,572

3,340

4,630

3,033

2,880

2,883

3,674

2,598

2,631

2,706

3,864

2,627

2,637

2,794

4,291

2,952

3,063

3,411

8,148

4,114

4,899

5,290

8,841

5,916

6,117

6,808

Non-cash activities:
Represents to facilitate the loans from the sale of other real estate owned and repossessed assets.

718

59

170

853

1,797

1,705

274

1,974

432

429

676

1,521

53

1,340

367

1,140

1,117

795

1,383

443

1,722

423

520

3,810

1,415

1,297

1,224

689

318

4,871

262

1,683

952

1,142

636

699

40

Refers to the common stock dividends accrued, paid in subsequent quarter.

224

1

12

-7

215

1

18

-5

207

-3

4

-5

209

-3

4

-19

227

19

6

-7

221

9

6

0

201

-4,825

88

4

4,900

5

86

13

4,783

4

84

-30

4,695

Refers to the real estate acquired in settlement of loans.

1,625

1,495

647

388

854

1,767

849

1,559

1,284

1,079

2,722

578

856

1,600

1,008

2,001

1,291

8,571

4,017

399

5,570

6,932

1,798

2,196

1,273

1,249

1,480

2,608

2,047

1,491

3,045

2,125

5,370

5,985

14,613

4,616

6,322