Codorus valley bancorp inc (CVLY)
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
Net (loss) income

11,567

18,647

18,498

18,355

19,550

19,542

16,687

15,037

12,668

12,004

14,356

14,349

13,704

13,102

12,030

11,638

11,518

11,135

11,145

11,313

11,200

11,769

11,571

11,069

10,907

10,566

10,438

9,632

9,766

9,394

9,675

8,465

7,558

6,779

0

0

0

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

2,678

2,645

2,607

2,549

2,483

2,423

2,382

2,385

2,386

2,357

2,336

2,335

2,331

2,343

2,335

2,309

2,283

2,266

2,154

2,019

1,893

1,772

1,741

1,690

1,623

1,546

1,465

1,424

1,405

1,377

1,360

1,340

1,310

1,310

0

0

0

Net amortization of premiums on securities

-461

-375

-319

-320

-367

-422

-467

-525

-587

-667

-762

-836

-892

-912

-943

-975

-1,011

-1,042

-1,030

-1,016

-989

-978

-958

-982

-1,083

-1,223

-1,386

-1,490

-1,481

-1,438

-1,438

-1,395

-1,391

-1,449

0

0

0

Amortization of deferred loan origination fees and costs

1,654

1,480

1,264

1,268

1,344

1,554

1,776

1,802

1,713

1,640

1,406

1,315

1,179

1,049

976

915

874

835

866

837

805

774

722

656

623

588

514

466

388

311

265

255

251

265

0

0

0

Net amortization of operating lease right of use assets

772

760

446

334

166

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of finance lease right of use assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

190

88

91

93

95

0

0

0

Provision

10,835

2,450

3,150

4,450

3,550

2,700

2,400

3,200

3,725

4,175

4,175

2,875

2,850

3,000

3,600

3,300

3,300

3,500

2,800

2,550

2,050

1,600

1,600

1,500

1,760

1,470

1,570

2,070

1,760

1,750

1,300

4,210

4,510

4,935

0

0

0

Recovery of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-47

-75

-78

-31

-710

-682

-681

-622

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

2,663

2,714

1,682

1,536

829

0

0

0

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

-582

-582

-582

-437

0

0

0

-

-

-

-

-

-

-

-

Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of investment in real estate partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291

342

329

325

319

324

334

335

405

464

524

583

0

0

0

Increase in bank owned life insurance

1,171

1,252

1,202

1,149

1,098

972

979

988

997

1,028

1,009

985

959

861

802

748

697

694

705

710

712

714

716

724

734

727

689

654

643

633

645

652

638

647

0

0

0

Originations of mortgage loans held for sale

45,454

43,284

34,580

32,280

35,481

35,537

39,966

40,260

38,725

39,687

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of SBA loans held for sale

9,787

6,951

8,406

10,816

11,124

13,932

14,422

12,185

9,096

5,316

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of mortgage loans held for sale

43,045

39,368

33,147

32,047

35,989

36,602

42,265

41,389

40,447

40,203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of SBA loans held for sale

7,162

4,120

4,715

6,144

8,615

11,781

13,620

11,744

8,336

5,416

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of mortgage loans held for sale

1,036

911

783

775

872

905

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of SBA loans held for sale

251

295

341

472

614

806

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

32,741

-

30,607

28,281

25,153

21,894

20,953

28,365

38,331

52,877

71,478

74,348

74,950

72,298

69,461

62,327

54,521

47,106

0

0

0

Proceeds from sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

33,273

-

31,275

28,685

25,602

22,396

22,589

28,936

40,149

56,215

74,615

76,426

78,522

73,403

69,762

62,521

51,664

50,004

0

0

0

Gain on sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

1,144

-

790

709

631

667

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sales of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

451

560

780

1,019

1,368

1,428

1,387

1,327

1,188

1,021

860

777

0

0

0

Gain on disposal of premises and equipment

-361

-350

15

15

4

11

12

13

20

9

2

1

5

-4

-43

-103

-107

-105

-60

-16

-9

-5

-6

10

3

-1

-2

-2

-17

-9

-4

-3

12

3

0

0

0

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

10

-9

-1

-3

-4

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

315

315

492

864

889

889

518

0

0

0

-

-

-

-

427

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss (gain) on sales of foreclosed real estate

-

-

-

-

-

-

-

-

-

11

10

30

30

18

29

-1

-1

-9

-29

-59

-59

-50

-40

0

1

15

15

-144

-152

-167

-167

101

199

154

0

0

0

Stock-based compensation

651

666

635

618

602

697

700

713

849

752

643

619

535

525

520

480

410

358

288

286

282

288

311

318

317

318

297

251

257

295

275

273

248

229

0

0

0

Decrease in interest receivable

-310

-536

-167

346

563

584

867

537

648

520

661

417

40

445

-88

140

202

301

261

141

126

119

-77

239

82

4

-27

32

151

-73

277

-170

-111

62

0

0

0

(Increase) in other assets

-64

-573

865

1,340

1,012

423

-402

46

1,334

1,593

1,325

499

-658

-1,203

-479

112

442

160

-907

-1,803

-533

442

895

843

-1,127

-1,475

-1,915

-1,018

-830

-416

-1,422

-320

602

-59

0

0

0

(Decrease) increase in interest payable

-191

6

-1

132

402

210

288

306

112

176

109

-65

-46

-18

-18

0

23

-9

101

23

77

86

9

96

-19

-79

-124

-87

-62

-51

-114

-184

-186

-166

0

0

0

(Decrease) increase in other liabilities

419

969

200

-1,090

-194

1,329

909

1,615

-888

-984

1,268

1,382

3,271

2,349

1,097

743

-20

-1,232

-440

-278

-1,932

969

237

703

2,490

-4

512

472

555

-365

-406

-2,164

-2,316

411

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15,355

-

15,750

16,375

13,014

15,345

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

17,929

16,636

16,419

15,371

19,390

20,950

23,341

22,491

17,309

16,689

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,951

19,644

16,483

14,814

12,995

8,125

16,321

0

0

0

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

154,085

124,463

123,183

37,754

29,592

22,663

13,823

10,592

10,190

13,546

20,433

44,287

40,384

47,665

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

54,027

63,859

65,431

63,161

54,934

45,774

49,945

63,119

76,739

56,694

44,747

59,502

0

0

0

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

102,727

98,727

99,878

28,968

29,255

29,635

31,283

34,695

41,139

43,900

42,895

44,105

43,605

48,999

50,055

51,414

52,056

46,108

46,162

43,140

40,143

40,682

39,556

39,282

38,438

41,855

44,115

43,210

48,810

44,178

44,059

42,371

35,395

37,937

0

0

0

Sales of securities, available-for-sale

33,580

19,745

11,776

9,777

6,017

0

0

0

0

-

-

-

-

12,903

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in restricted investment in bank stock

-1,371

-1,371

-1,571

-1,971

-781

-389

-902

-344

-1,223

-615

2,498

1,740

1,955

1,898

0

0

0

-

-

-

-

-943

1,102

1,617

1,426

1,879

0

0

0

-

-

-

-

-

-

-

-

Sales of securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

17,440

25,558

17,685

17,685

15,715

0

0

0

Purchase of restricted investment in bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from acquisition, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,091

21,091

21,091

21,091

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from acquired receivables of sold investment settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,256

15,256

15,256

15,256

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Purchase) redemption of restricted investment in bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net decrease (increase) in loans made to customers

-11,756

18,503

-4,425

8,754

71,905

86,316

92,872

113,222

104,798

127,509

192,152

182,612

166,715

147,541

153,221

126,912

130,166

127,056

86,750

76,536

73,098

61,940

79,945

121,433

113,592

123,171

81,711

63,265

57,161

44,689

49,078

31,269

64,203

59,274

0

0

0

Purchases of premises and equipment

2,696

3,103

3,270

3,949

4,011

2,754

3,113

2,321

2,145

2,157

1,819

1,832

2,066

2,314

4,183

5,392

5,715

5,957

7,303

6,041

6,357

5,649

2,631

3,954

3,337

4,653

5,132

3,797

3,370

2,018

1,233

1,368

1,448

1,402

0

0

0

Investment in bank owned life insurance

236

6,836

6,836

6,607

6,607

7

7

7

7

4,007

4,007

4,007

9,007

6,994

6,994

6,994

1,994

7

0

0

0

-

-

-

-

5,307

5,307

5,307

5,307

237

907

907

907

677

0

0

0

Proceeds from sales of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

51

51

18

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in foreclosed real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

380

502

2,534

4,130

0

0

0

Proceeds from sales of foreclosed real estate

-

-

-

-

-

168

157

182

-1,235

454

488

772

2,229

576

591

333

327

289

458

2,239

2,380

2,970

2,750

877

685

207

268

7,600

8,360

10,028

10,153

3,085

2,485

914

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-121,894

-

-37,034

-28,367

-34,589

-48,923

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-7,389

-32,747

-15,515

-16,278

-75,991

-81,548

-77,473

-87,280

-70,321

-96,558

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56,818

-48,641

-37,456

-47,519

-27,004

-57,864

-69,987

0

0

0

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

69,297

17,149

13,016

23,012

51,568

92,018

109,940

90,902

78,902

100,994

99,123

118,123

157,906

140,938

115,037

128,193

95,985

87,651

91,294

76,338

39,773

44,599

35,368

25,760

58,161

34,734

52,165

62,710

40,977

63,343

35,593

42,284

58,731

51,186

0

0

0

Net increase in time deposits

67,173

78,135

76,749

67,259

48,756

18,755

37,547

26,257

22,443

19,336

1,554

8,792

22,469

29,090

12,415

-9,088

-49,283

-69,020

-76,291

-85,737

-35,125

-14,929

1,412

17,889

-2,405

-10,738

-25,304

-15,903

-22,393

-16,435

2,114

3,557

-3,085

-2,896

0

0

0

Net (decrease) in short-term borrowings

-634

903

206

-2,978

-17,885

-13,473

-23,300

-23,560

-28,889

-36,142

0

0

0

-

-

-

-

-

-

-

-

1,821

9,842

6,841

3,571

21,007

7,342

-2,198

5,487

9,099

12,214

14,532

3,391

3,494

0

0

0

Net decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

20,000

50,000

50,000

60,000

40,000

0

0

0

-

-

-

-

20,000

30,000

40,000

40,000

40,000

20,000

10,000

10,000

0

0

0

0

-

-

-

-

Repayment of long-term debt

45,040

35,040

40,000

40,000

35,000

45,000

40,000

40,000

25,000

15,000

0

0

0

-

-

-

-

5,096

5,094

92

89

87

84

82

178

322

5,465

5,607

5,718

15,813

10,908

23,000

23,024

30,414

0

0

0

Cash dividends paid to preferred shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

46

76

106

136

120

120

120

175

207

240

272

249

250

250

258

384

634

570

862

881

774

0

0

0

Cash dividends paid to shareholders

6,066

6,017

5,921

5,800

5,670

5,539

5,292

5,047

4,802

4,559

4,456

4,350

4,247

4,144

3,872

3,601

3,297

2,991

2,916

2,838

2,763

2,611

2,463

2,319

2,157

2,074

1,998

1,921

1,806

1,690

1,599

1,507

1,502

1,454

0

0

0

Treasury stock repurchased

5,082

4,993

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

12,000

12,000

12,000

12,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock

552

550

538

824

1,101

1,272

0

0

0

-

-

-

-

853

33,151

33,098

33,532

33,614

1,222

1,660

1,296

13,982

14,298

13,900

14,033

1,239

883

814

619

627

519

512

475

477

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

92,154

-

59,086

34,910

6,306

49,610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

80,433

50,920

41,094

41,466

72,693

77,856

119,825

89,481

43,586

85,361

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,675

26,820

38,535

37,390

58,489

57,078

42,592

0

0

0

Net increase (decrease) in cash and cash equivalents

90,973

34,809

41,998

40,559

16,092

17,258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-26,480

-18,005

75,182

16,547

-25,898

20,341

-14,385

26,391

37,802

22,918

-15,269

16,032

17,084

-28,741

5,165

-34,695

-34,112

8,808

-2,177

17,562

4,685

44,480

7,339

-11,074

0

0

0

Interest paid on deposits and borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0