Dnb financial corp /pa/ (DNBF)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash Flows From Operating Activities:
Net income

10,684

7,946

4,979

5,138

4,804

3,919

5,239

4,902

3,670

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

1,499

1,649

1,622

1,806

1,802

2,103

1,985

2,436

3,374

Provision for credit losses

1,200

1,660

730

1,105

1,130

2,530

1,455

1,480

2,216

Stock based compensation

315

559

940

342

267

204

143

80

124

Non-cash funding of retirement plans

584

542

-

-

-

-

-

-

-

Net gain on sale of securities

-

50

-

-

-

-

-

-

-

Net gain on sale of securities

-

-

431

78

858

-

-

-

-

Net gain on sale of investments

-

-

-

-

-

610

418

-38

-2,007

Net loss on sale or write down of OREO and other repossessed property

-171

-121

-644

-134

-7

106

-440

-

-

Gain on insurance proceeds

8

203

1,180

120

-

-

-

-

-

Net loss on sale and write down of OREO and other repossessed property

-

-

-

-

-

-

-

26

37

Earnings from investment in BOLI

216

223

226

228

235

238

242

246

250

Deferred tax (benefit) expense

247

2,329

344

-88

-226

-

-

-

-

Proceeds from sales of mortgage loans

14,170

5,710

11,682

-

-

-

-

-

-

Mortgage loans originated for sale

13,695

6,213

11,400

-

-

-

-

-

-

Gain on sale of mortgage loans

243

148

282

-

-

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-644

355

174

-440

Proceeds from sales of loans

806

2,403

564

18,739

3,645

2,740

3,013

3,869

-

Loans originated for sale

768

2,250

525

17,638

4,170

2,578

2,855

-3,588

-

Gain on sale of loans

38

153

39

484

92

162

158

281

-

Write off of property and equipment

-

-

-

-698

-

-

-

-

-

Decrease (increase) in accrued interest receivable

385

255

59

157

-44

-173

-66

253

420

Decrease (increase) in other assets

118

405

-4,859

475

-799

-1,050

821

-1,269

-725

(Decrease) increase in accrued interest payable

92

20

60

-6

-25

-45

-23

-83

-216

(Decrease) increase in other liabilities

706

1,899

-1,772

-260

260

68

779

-157

-488

Net Cash Provided by Operating Activities

15,003

14,938

10,510

-

-

-

-

9,242

8,045

Net Cash Provided By (Used In) Operating Activities

-

-

-

8,428

7,152

9,692

8,248

-

-

Cash Flows From Investing Activities:
Activity in available-for-sale securities:
Sales

-

3,030

43,913

17,988

39,333

39,311

19,683

27,823

196,082

Maturities, repayments and calls

24,490

30,201

55,195

58,262

25,805

34,109

43,325

55,809

52,149

Purchases

10,000

30,352

59,646

57,928

114,425

64,044

90,138

68,520

236,587

Activity in held-to-maturity securities:
Sales

-

737

761

-

1,612

-

-

-

29,855

Maturities, repayments and calls

489

5,442

13,647

1,822

4,756

5,472

7,034

5,935

8,574

Purchases

-

1,407

13,507

10,093

-

4,714

36,672

13,932

2,138

Net cash disbursed in connection with acquisition

-

-

5,488

-

-

-

-

-

-

Net (increase) decrease in restricted stock

-2,025

2,260

-999

860

-316

-523

-198

-576

134

Net decrease (increase) in loans

86,914

32,453

29,693

29,020

41,196

26,765

-6,055

10,769

39,577

Proceeds from insurance company

-

-

1,180

1,250

-

-

-

-

-

Death benefit proceeds

8

664

-

-

-

-

-

-

-

Purchases property and equipment

219

642

3,181

1,791

344

663

1,548

496

535

Purchase of third party ownership in OREO

-

15

1,236

202

-

-

-

-

-

Proceeds from disposals of office property and equipment

-

-

-

-

-

1

5

-

-

Proceeds from sale of OREO and other repossessed property

262

609

432

177

288

3,411

2,647

466

1,308

Net Cash Provided By (Used In) Investing Activities

-69,859

-26,446

3,376

-

-

-

-

-3,108

8,997

Net Cash Provided by (Used in) Investing Activities

-

-

-

-20,395

-83,855

-13,359

-49,411

-

-

Cash Flows From Financing Activities:
Net (decrease) increase in deposits

123,363

-23,984

51,759

1,192

46,336

28,323

32,879

4,799

-14,601

Repayment of FHLBP advances

240,678

46,167

43,104

10,000

-

10,000

-

5,000

28,000

Funding of FHLBP advances

194,600

69,848

-

20,000

10,000

-

-

-

-

Net decrease in repurchase agreements

-12,023

134

-20,527

13,195

-633

2,840

-6,756

421

6,820

Proceeds from issuance of subordinated debt

-

-

-

9,750

-

-

-

-

-

Repayment of other borrowings

-

-

-

41

36

-

-

-

-

(Decrease) increase in other borrowings

-

-

-

-

-

-30

-27

-23

1,960

(Decrease) increase in other borrowings

-2,433

2,320

-46

-

-

-

-

-

-

Dividends paid

1,204

1,194

-

-

-

-

-

-

-

Dividends paid

-

-

895

834

906

899

993

824

905

Proceeds from the exercise of stock options

-

-

-

402

39

-

-

-

-

Payment of employee taxes on stock option exercise and share award vest

365

635

701

469

23

-

-

-

-

Tax benefit for restricted stock vesting

-

-

188

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

13,000

-

-

-

-

-

Proceeds from the issuance of preferred stock (SBLF)

-

-

-

-

-

-

-

12,955

-

Repurchase of preferred stock and warrant (CPP)

-

-

-

-

-

-

-

12,208

-

Sale of treasury stock

-

-

424

387

370

344

332

263

212

Net Cash (Used in) Provided by Financing Activities

-

-

-

20,582

55,147

20,578

25,435

-

-

Net Cash (Used in) Provided by Financing Activities

61,260

322

-12,902

-

-

-

-

383

-34,514

Net Change in Cash and Cash Equivalents

6,404

-11,186

984

8,615

-21,556

16,911

-15,728

6,517

-17,472

Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for: Interest

9,279

5,700

3,264

-

-

-

-

-

-

Cash paid during the period for: Interest

-

-

-

2,718

2,336

2,933

3,778

4,727

7,278

Cash paid during the period for: Income taxes

1,400

3,511

1,175

1,777

872

1,578

1,735

1,959

2,020

Supplemental Disclosure of Non-cash Flow Information:
Net decrease in goodwill

-

65

-

-

-

-

-

-

-

Transfers from loans to real estate owned and other repossessed property

472

2,960

26

1,789

100

3,164

350

75

1,024

Non-cash assets acquired: Investment securities

-

-

3,027

-

-

-

-

-

-

Non-cash assets acquired: Loans

-

-

306,396

-

-

-

-

-

-

Non-cash assets acquired: Goodwill

-

-

15,590

-

-

-

-

-

-

Non-cash assets acquired: Core deposit intangible

-

-

508

-

-

-

-

-

-

Non-cash assets acquired: Other assests

-

-

10,838

-

-

-

-

-

-

Total non-cash assets acquired

-

-

336,359

-

-

-

-

-

-

Non-cash liabilities assumed: Deposits

-

-

227,153

-

-

-

-

-

-

Purchased loans not yet funded

3,000

-

68,436

-

-

-

-

-

-

Non-cash liabilities assumed: Other liabilities

-

-

576

-

-

-

-

-

-

Total non-cash liabilities assumed

-

-

296,165

-

-

-

-

-

-

Transfer securities from AFS to HTM, at fair value (amortized cost of $20,228)

-

-

-

-

-

-

-

20,112

-

Non-cash assets acquired: Loans and leases

-

-

-

-

-

-

66

-

-

Non-cash assets acquired: Property and equipment

-

-

-

-

-

-

686

-

-

Total non-cash assets acquired

-

-

-

-

-

-

752

-

-

Liabilities assumed: Accrued interest payable

-

-

-

-

-

-

5

-

-

Liabilities assumed: Deposits

-

-

-

-

-

-

15,861

-

-

Total liabilities assumed

-

-

-

-

-

-

15,856

-

-

Net non-cash liabilities assumed

-

-

-

-

-

-

15,104

-

-

Core deposits intangible

-

-

-

-

-

-

130

-

-

Net cash and cash equivalents acquired

-

-

-

-

-

-

15,234

-

-