Codorus valley bancorp inc (CVLY)
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 (loss) income

-2,989

4,494

5,203

4,859

4,091

4,345

5,060

6,054

4,083

1,490

3,410

3,685

3,419

3,842

3,403

3,040

2,817

2,770

3,011

2,920

2,434

2,780

3,179

2,807

3,003

2,582

2,677

2,645

2,662

2,454

1,871

2,779

2,290

2,735

661

1,872

1,511

Adjustments to reconcile net (loss) income to net cash provided by operations:
Depreciation/amortization

684

681

655

658

651

643

597

592

591

602

600

593

562

581

599

589

574

573

573

563

557

461

438

437

436

430

387

370

359

349

346

351

331

332

326

321

331

Net amortization of premiums on securities

-151

-143

-100

-67

-65

-87

-101

-114

-120

-132

-159

-176

-200

-227

-233

-232

-220

-258

-265

-268

-251

-246

-251

-241

-240

-226

-275

-342

-380

-389

-379

-333

-337

-389

-336

-329

-395

Amortization of deferred loan origination fees and costs

403

506

344

401

229

290

348

477

439

512

374

388

366

278

283

252

236

205

222

211

197

236

193

179

166

184

127

146

131

110

79

68

54

64

69

64

68

Net amortization of operating lease right of use assets

178

314

112

168

166

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of finance lease right of use assets

12

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of lease obligations

189

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

7

8

7

66

10

10

9

Provision

9,435

200

0

1,200

1,050

900

1,300

300

200

600

2,100

825

650

600

800

800

800

1,200

500

800

1,000

500

250

300

550

500

150

560

260

600

650

250

250

150

3,560

550

675

Recovery of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

0

0

-47

0

-28

-3

0

-679

0

-2

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

390

1,185

381

707

441

153

235

0

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222

0

0

-145

-437

0

0

0

-

-

-

-

-

-

-

-

Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-177

0

-21

Amortization of investment in real estate partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

89

89

83

81

76

85

77

86

86

86

147

145

146

145

Increase in bank owned life insurance

286

292

301

292

367

242

248

241

241

249

257

250

272

230

233

224

174

171

179

173

171

182

184

175

173

184

192

185

166

146

157

174

156

158

164

160

165

Originations of mortgage loans held for sale

9,797

15,495

10,982

9,180

7,627

6,791

8,682

12,381

7,683

11,220

8,976

10,846

8,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of SBA loans held for sale

4,431

185

1,336

3,835

1,595

1,640

3,746

4,143

4,403

2,130

1,509

1,054

623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of mortgage loans held for sale

11,625

13,079

10,454

7,887

7,948

6,858

9,354

11,829

8,561

12,521

8,478

10,887

8,317

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of SBA loans held for sale

3,833

834

975

1,520

791

1,429

2,404

3,991

3,957

3,268

528

583

1,037

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of mortgage loans held for sale

290

315

241

190

165

187

233

287

198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of SBA loans held for sale

9

42

71

129

53

88

202

271

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,900

9,664

8,805

-

8,096

7,527

7,885

7,099

5,770

4,399

4,626

6,158

13,182

14,365

19,172

24,759

16,052

14,967

16,520

21,922

8,918

7,161

9,105

Proceeds from sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,694

10,331

7,985

-

8,718

8,035

7,100

7,422

6,128

4,952

3,894

7,615

12,475

16,165

19,960

26,015

14,286

18,261

14,841

22,374

7,045

7,404

13,181

Gain on sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

289

-

262

235

115

178

181

157

151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

102

80

145

233

322

319

494

293

281

259

355

126

120

176

Gain on disposal of premises and equipment

0

-365

0

4

11

0

0

-7

18

1

1

0

7

-6

0

4

-2

-45

-60

0

0

0

-16

7

4

-1

0

0

0

-2

0

-15

8

3

1

0

-1

(Gain) loss on sales of securities, available-for-sale

15

-8

2

1

-4

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

194

0

121

0

371

372

146

0

0

-

-

-

-

-4

382

0

49

-

-

-

-

Net (gain) loss on sales of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25

Loss (gain) on sales of foreclosed real estate

-

-

-

-

-

-

-

-

-

0

0

0

11

-1

20

0

-1

10

-10

0

-9

-10

-40

0

0

0

0

1

14

0

-159

-7

-1

0

109

91

-46

Stock-based compensation

120

271

142

118

135

240

125

102

230

243

138

238

133

134

114

154

123

129

74

84

71

59

72

80

77

82

79

79

78

61

33

85

116

41

31

60

97

Decrease in interest receivable

-144

41

-243

36

-370

410

270

253

-349

693

-60

364

-477

834

-304

-13

-72

301

-76

49

27

261

-196

34

20

65

120

-123

-58

34

179

-4

-282

384

-268

55

-109

(Increase) in other assets

1,156

-660

-389

-171

647

778

86

-499

58

-47

534

789

317

-315

-292

-368

-228

409

299

-38

-510

-658

-597

1,232

465

-205

-649

-738

117

-645

248

-550

531

-1,651

1,350

372

-130

(Decrease) increase in interest payable

-55

-22

-19

-95

142

-29

114

175

-50

49

132

-19

14

-18

-42

0

42

-18

-24

23

10

92

-102

77

19

15

-15

-38

-41

-30

22

-13

-30

-93

-48

-15

-10

(Decrease) increase in other liabilities

-11

268

-386

548

539

-501

-1,676

1,444

2,062

-921

-970

-1,059

1,966

1,331

-856

830

1,044

79

-1,210

67

-168

871

-1,048

-1,587

2,733

139

-582

200

239

655

-622

283

-681

614

-2,380

131

2,046

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,815

5,975

4,384

-

2,955

4,679

3,031

5,085

3,580

1,318

5,362

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

6,551

3,728

4,614

3,036

5,258

3,511

3,566

7,055

6,818

5,902

2,716

1,873

6,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,197

4,121

6,621

1,012

7,890

960

4,952

-807

3,020

9,156

Cash flows from investing activities
Purchases of securities, available-for-sale

38,070

12,997

89,797

13,221

8,448

11,717

4,368

5,059

1,519

2,877

1,137

4,657

4,875

9,764

24,991

754

12,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,082

-

19,373

11,733

3,108

19,813

29,205

13,305

838

11,586

20,045

17,476

14,012

25,206

0

5,529

28,767

Maturities, repayments and calls of securities, available-for-sale

9,561

7,868

79,473

5,825

5,561

9,019

8,563

6,112

5,941

10,667

11,975

12,556

8,702

9,662

13,185

12,056

14,096

10,718

14,544

12,698

8,148

10,772

11,522

9,701

8,687

9,646

11,248

8,857

12,104

11,906

10,343

14,457

7,472

11,787

8,655

7,481

10,014

Sales of securities, available-for-sale

19,852

7,969

1,999

3,760

6,017

0

0

0

0

-

-

-

-

0

0

0

12,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in restricted investment in bank stock

-600

0

0

-771

-600

-200

-400

419

-208

-713

158

-460

400

2,400

-600

-245

343

-

-

-

-

-911

0

200

-232

1,134

515

9

221

-

-

-

-

-

-

-

-

Sales of securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,170

-

4,147

0

0

-

-

-

-

1,520

7,873

0

8,047

9,638

0

0

6,077

Purchase of restricted investment in bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,429

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from acquisition, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,091

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from acquired receivables of sold investment settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,256

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Purchase) redemption of restricted investment in bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

308

169

178

-

-145

190

200

Net decrease (increase) in loans made to customers

-21,093

14,281

16,434

-21,378

9,166

-8,647

29,613

41,773

23,577

-2,091

49,963

33,349

46,288

62,552

40,423

17,452

27,114

68,232

14,114

20,706

24,004

27,926

3,900

17,268

12,846

45,931

45,388

9,427

22,425

4,471

26,942

3,323

9,953

8,860

9,133

36,257

5,024

Purchases of premises and equipment

1,352

356

477

511

1,759

523

1,156

573

502

882

364

397

514

544

377

631

762

2,413

1,586

954

1,004

3,759

324

1,270

296

741

1,647

653

1,612

1,220

312

226

260

435

447

306

214

Investment in bank owned life insurance

0

0

236

0

6,600

0

7

0

0

0

7

0

4,000

0

7

5,000

1,987

0

7

0

0

-

-

-

-

0

7

0

5,300

0

7

0

230

670

7

0

0

Proceeds from sales of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

33

18

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in foreclosed real estate

121

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17

363

122

2,032

1,613

Proceeds from sales of foreclosed real estate

-

-

-

-

-

13

41

17

97

2

66

-1,400

1,786

36

350

57

133

51

92

51

95

220

1,873

192

685

0

0

0

207

61

7,332

760

1,875

186

264

160

304

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,663

-11,479

-15,230

-

-15,908

-14,356

7,688

-14,458

-7,241

-20,578

-6,646

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

11,563

-11,593

-25,377

18,018

-13,795

5,639

-26,140

-41,695

-19,352

9,714

-35,947

-24,736

-45,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,610

-18,085

-3,673

-21,450

-5,433

-6,900

-13,736

-935

-36,293

-19,023

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

31,479

26,641

9,237

1,940

-20,669

22,508

19,233

30,496

19,781

40,430

195

18,496

41,873

38,559

19,195

58,279

24,905

12,658

32,351

26,071

16,571

16,301

17,395

-10,494

21,397

7,070

7,787

21,907

-2,030

24,501

18,332

174

20,336

-3,249

25,023

16,621

12,791

Net increase in time deposits

17,304

3,899

17,692

28,278

28,266

2,513

8,202

9,775

-1,735

21,305

-3,088

5,961

-4,842

3,523

4,150

19,638

1,779

-13,152

-17,353

-20,557

-17,958

-20,423

-26,799

30,055

2,238

-4,082

-10,322

9,761

-6,095

-18,648

-921

3,271

-137

-99

522

-3,371

52

Net (decrease) in short-term borrowings

-1,729

-905

-1,156

3,156

-192

-1,602

-4,340

-11,751

4,220

-11,429

-4,600

-17,080

-3,033

-

-

-

-

-

-

-

-

807

11,406

7,157

-17,549

8,828

8,405

3,887

-113

-4,837

-1,135

11,572

3,499

-1,722

1,183

431

3,602

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,174

4,699

47,924

-

-

-1,467

13,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

10,000

0

-10,000

20,000

40,000

0

0

0

-

-

-

-

10,000

0

0

10,000

20,000

10,000

0

10,000

0

0

0

0

-

-

-

-

Repayment of long-term debt

10,000

15,040

0

20,000

0

20,000

0

15,000

10,000

15,000

0

0

0

-

-

-

-

25

5,024

24

23

23

22

21

21

20

20

117

165

5,163

162

228

10,260

258

12,254

252

17,650

Cash dividends paid to preferred shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46

30

30

30

30

30

30

85

62

63

62

62

63

63

70

188

313

-1

362

207

206

Cash dividends paid to shareholders

1,561

1,484

1,508

1,513

1,512

1,388

1,387

1,383

1,381

1,141

1,142

1,138

1,138

1,038

1,036

1,035

1,035

766

765

731

729

691

687

656

577

543

543

494

494

467

466

379

378

376

374

374

330

Treasury stock repurchased

89

1,463

2,768

762

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock

-

-

-

-

-

-

-

-

-

-

192

334

118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock

149

442

-93

54

147

430

193

331

318

-

-

-

-

350

166

218

119

32,648

113

652

201

256

551

288

12,887

572

153

421

93

216

84

226

101

108

77

189

103

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,649

72,401

-34,202

-

25,993

41,848

-14,991

6,236

1,817

13,244

28,313

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

35,553

12,110

21,529

11,241

6,040

2,284

21,901

42,468

11,203

44,253

-8,443

-3,427

52,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,303

1,133

-4,450

15,689

14,448

12,848

-5,595

36,788

13,037

-1,638

Net increase (decrease) in cash and cash equivalents

53,667

4,245

766

32,295

-2,497

11,434

-673

7,828

-1,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-41,674

-26,290

13,587

27,897

-33,199

66,897

-45,048

-14,548

13,040

32,171

-4,272

-3,137

-1,844

-6,016

27,029

-2,085

-47,669

27,890

-12,831

-1,502

-4,749

16,905

6,908

-14,379

35,046

-20,236

-11,505

Interest paid on deposits and borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,152

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325