Citizens first corp (CZFC)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Operating Activities
Net income

4,819

4,089

4,217

-

-

-

-

-

-

Net income

-

-

-

3,607

3,241

1,838

3,173

2,609

2,539

Items not requiring (providing) cash:
Depreciation

387

438

522

551

-

-

-

-

-

Depreciation and amortization

-

-

-

-

551

621

632

727

773

Provision for loan losses

160

-150

-85

135

275

-

-

-

-

Provision for loan losses

-

-

-

-

-

2,650

1,700

2,025

1,575

Amortization of premiums and discounts on securities

204

215

310

326

307

329

346

230

84

Amortization of core deposit intangible

-

-

-

71

329

332

-

-

-

Amortization of core deposit intangible

71

53

71

-

-

-

349

285

264

Deferred income taxes

157

754

215

-

-

-

-

-

-

Deferred income taxes

-

-

-

248

467

442

602

176

277

Stock based compensation

171

148

84

40

-

-

-

-

-

BOLI Income

177

177

177

181

188

219

263

273

291

Proceeds from sale of mortgage loans held for sale

15,909

15,581

18,277

10,853

7,048

11,359

16,085

14,714

17,363

Origination of mortgage loans held for sale

15,431

15,427

18,166

10,620

6,858

11,021

15,665

14,427

16,905

Gains on sales of available-for-sale securities

-

48

126

78

95

64

55

215

-

Gains on sales of mortgage loans held for sale

320

317

375

233

190

277

301

315

314

Write-downs and losses (gains) on other real estate owned

-

-

11

-86

-53

-42

-131

-160

-178

Loss (gain) on sale premises and equipment

16

14

-4

16

19

14

16

21

-5

Loss on branch disposal

-

-

-27

-262

-

-

-

-

-

Changes in:
Accrued interest receivable

2

59

-58

153

-27

-106

-198

-137

-171

Other assets

27

167

-93

-36

-251

-967

-33

-170

-637

Accrued interest payable and other liabilities

152

-385

350

187

205

-380

65

117

417

Net cash provided by operating activities

-

-

-

5,121

5,404

6,711

7,014

6,099

6,773

Net cash provided by operating activities

6,057

4,534

5,288

-

-

-

-

-

-

Investing Activities
Loan originations and payments, net

-2,184

14,828

28,652

12,519

23,682

836

6,392

14,785

5,506

Increase in interest-bearing deposits in other financial institutions

2,478

2,514

8,290

2,728

-

-

-

-

-

Purchase of premises and equipment

115

187

142

436

267

107

352

318

316

Proceeds from maturities of available-for-sale securities

8,324

8,976

11,924

7,054

-

-

-

-

-

Purchase of available-for-sale securities

7,163

10,594

-

-

-

-

-

-

-

Proceeds from sales of available-for-sale securities

-

6,498

-

-

-

-

-

-

-

Purchase of available-for-sale securities

-

-

10,841

11,002

22,625

17,267

13,400

25,000

29,663

Proceeds from maturities of available-for-sale securities

-

-

-

-

6,128

8,258

16,787

12,410

30,913

Proceeds from sales of available-for-sale securities

-

-

4,358

2,200

9,912

2,160

962

2,945

-

Proceeds from sales of other real owned

-

-

177

123

812

120

461

1,255

170

Proceeds from sales of premises and equipment

23

14

197

399

32

14

17

17

12

Purchase of FHLB stock

12

28

-

-

-

-

-

-15,860

-

Net cash used in investing activities

-

-

-

-16,909

-29,690

-7,658

-1,917

-7,616

-4,390

Net cash used in investing activities

763

-12,663

-31,269

-

-

-

-

-

-

Financing Activities
Net change in demand deposits, money market, NOW and savings accounts

19,422

2,404

9,085

25,947

7,341

30,650

-2,401

21,768

-2,968

Net change in time deposits

-3,127

-529

-9,034

2,657

-8,508

-19,432

1,403

-10,728

3,188

Proceeds from FHLB advances

25,000

39,000

37,000

10,000

6,000

2,000

12,500

10,000

16,800

Repayment of FHLB advances

35,000

34,000

15,000

21,000

4,000

6,000

11,500

-

13,300

Proceeds from other borrowings

-

-

-

1,500

3,300

-

-

-

-

Repayment of other borrowings

-

-

2,000

1,000

1,800

-

-

-

-

Redemption of preferred stock

-

192

-

-

3,266

-

-

-

-

Repurchase of TARP warrants

-

-

-

1,706

-

-

-

-

-

Exercise of stock options

-

-

32

-

-

-

-

-

-

Dividends paid on common stock

684

414

320

157

-

-

-

-

-

Repayment of Series A preferred stock

-

-

-

-

-

3,301

-

2,212

-

Net change in fed funds purchased and repurchase agreements

-

-

-

-

-

-

-

-712

-88

Dividends paid on preferred stock

-

238

495

520

521

707

849

861

960

Net cash provided by (used in) financing activities

5,611

6,031

19,268

-

-

-

-

-

-

Decrease in Cash and Cash Equivalents

12,431

-2,098

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

15,721

-1,454

3,210

-847

17,255

2,672

Decrease in Cash and Cash Equivalents

-

-

-

3,933

-25,740

2,263

4,250

15,738

5,055

Decrease in Cash and Cash Equivalents

-

-

-6,713

-

-

-

-

-

-

Supplemental Cash Flows Information
Interest paid

4,358

2,973

2,521

2,625

2,721

2,956

3,487

4,253

5,163

Income taxes paid

1,025

1,745

1,365

1,135

480

295

755

-545

-182

Conversion of cumulative preferred stock

-

7,077

398

-

-

-

-

-

-

Loans transferred to other real estate owned

-

-

66

111

230

804

146

684

562