Dnb financial corp /pa/ (DNBF)
CashFlow / Quarterly
Sep'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

2,870

2,587

2,587

3,002

3,020

2,049

2,613

808

2,411

2,286

2,441

2,313

1

1,109

1,556

1,382

1,269

1,235

1,252

1,451

1,229

1,120

1,004

1,161

333

1,250

1,175

1,321

1,416

1,400

1,102

1,304

1,295

1,288

1,015

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

321

344

350

355

383

377

384

396

407

419

427

444

435

382

361

421

454

471

460

432

454

454

462

494

499

550

560

523

506

404

552

682

556

560

638

Provision for credit losses

325

100

200

350

100

375

375

375

375

585

325

100

100

200

330

290

100

415

300

200

300

255

375

375

1,600

375

180

180

375

475

425

202

426

426

426

Stock based compensation

82

82

61

45

66

108

96

238

107

107

107

139

71

70

660

92

85

78

87

67

65

65

70

50

48

49

57

38

34

36

35

17

20

21

22

Non-cash funding of retirement plans

149

143

154

135

156

136

157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of securities

121

1

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

0

197

203

31

4

10

11

53

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

102

235

1,105

-281

-155

-59

-

-

-

-

-36

0

-1

-1

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

-15

-37

-113

-

-

-

-

0

-7

-115

1

-

-

-

-

-

-

-

-

0

0

-1

-6

134

0

-18

-10

-211

-212

0

-17

-

-

-

-

Gain on insurance proceeds

-

-

-

-

-

-

-

123

0

0

80

0

30

0

1,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

Earnings from investment in BOLI

55

53

52

58

54

52

52

58

55

55

55

60

56

55

55

59

58

56

55

61

59

57

58

62

60

58

58

64

60

59

59

65

61

60

60

Deferred tax (benefit) expense

-

-

185

54

26

-47

214

2,069

-29

-12

301

674

-506

-122

298

197

139

-85

-339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of mortgage loans

3,715

4,481

3,632

3,082

2,468

5,212

3,408

2,012

2,041

482

1,175

3,482

3,180

4,131

889

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans originated for sale

3,403

4,461

3,588

3,451

2,136

4,766

3,342

2,277

2,329

268

1,339

3,389

3,104

3,691

1,216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of mortgage loans

70

72

74

50

56

76

61

36

62

14

36

93

76

81

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

-34

29

-5

-

-

-

-

Proceeds from sales of loans

-

-

-

-

-

-

-

-

-

-

-

39

0

0

525

4,407

2,283

6,494

5,555

-

-

-

-

0

0

280

2,460

-

-

-

-

-

-

-

-

Loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

39

0

0

486

4,466

2,245

6,258

4,669

-

-

-

-

1

5,154

-264

-2,313

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

0

0

0

39

-59

38

236

269

-

-

-

-

-1

0

16

147

-

-

-

-

-

-

-

-

Decrease (increase) in accrued interest receivable

-175

-99

189

-3

299

-71

160

31

233

-32

23

-170

249

-179

159

-132

154

-184

319

-24

29

-112

63

-167

1

-263

256

-318

143

-213

322

-101

245

-120

229

Decrease (increase) in other assets

71

-1,184

-31

-112

327

-368

271

506

268

-834

465

-11,364

6,731

-497

271

-384

245

553

61

-583

760

-178

-798

140

857

-1,203

-844

347

682

-348

140

-925

542

-332

-554

(Decrease) increase in accrued interest payable

-96

-58

53

89

-4

67

-60

93

-91

61

-43

76

-48

64

-32

23

-33

49

-45

50

-54

38

-59

47

-67

39

-64

50

-62

30

-41

54

-78

35

-94

(Decrease) increase in other liabilities

188

-87

-750

125

340

-336

577

-817

2,719

-1,058

1,055

-3,211

1,045

447

-53

-15

-125

3

-123

86

467

118

-411

-184

556

282

-586

49

107

431

192

276

127

-497

-63

Amortization of operating lease right-of-use asset

186

-194

566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of operating lease liability

-185

-185

-184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Operating Activities

3,900

3,764

3,092

3,813

3,686

3,626

3,878

2,660

5,000

3,489

3,789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,170

1,766

3,309

1,500

2,224

2,209

Net Cash Provided By (Used In) Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-6,005

2,931

1,095

2,711

1,535

2,461

1,721

1,812

1,356

2,095

1,889

2,303

1,770

3,816

1,803

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

0

15,698

16,097

12,118

19

8,238

5,805

3,926

4,363

8,086

11,656

15,228

8,351

8,411

6,257

16,292

-

-

-

-

12,061

0

12,427

3,335

Maturities, repayments and calls

1,879

24,258

21,617

13,514

4,023

5,150

1,803

10,883

4,977

9,420

4,921

4,535

22,513

19,280

8,867

18,280

24,138

4,458

11,386

5,488

4,627

4,759

10,931

15,994

6,121

5,001

6,993

11,255

10,596

14,244

7,230

18,194

17,720

12,313

7,582

Purchases

0

20,200

11,346

-

-

-

-

-

-

-

-

-3,000

12,073

41,886

8,687

9,999

27,451

5,700

14,778

45,434

17,845

19,136

32,010

11,305

19,076

11,650

22,013

28,271

10,614

24,441

26,812

28,935

11,641

19,934

8,010

Activity in held-to-maturity securities:
Sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

385

0

1,228

-

-

-

-

-

-

-

-

-

-

-

-

Maturities, repayments and calls

2,559

1,085

1,063

76

109

105

199

4,801

134

195

312

6,783

331

4,339

2,194

370

446

497

509

3,081

556

441

678

755

1,258

1,634

1,825

1,902

1,924

1,721

1,487

1,992

1,277

1,626

1,040

Purchases

-

-

-

-

-

-

-

0

0

0

1,407

-

-

-

-

2,884

500

5,209

1,500

-

-

-

-

0

0

1,925

2,789

13,833

0

18,461

4,378

0

0

12,380

1,552

Net (increase) decrease in restricted stock

26

-655

773

-248

-1,086

-413

-278

1,270

-195

1,166

19

-1,175

305

152

-281

483

100

144

133

-280

47

86

-169

-

-

-

-

0

-41

-30

-127

-133

-140

-148

-155

Net decrease (increase) in loans

-6,364

-2,945

-614

24,066

22,746

21,567

18,535

26,379

3,276

1,530

1,268

1,714

15,102

5,176

7,701

11,747

-1,073

9,826

8,520

6,366

10,754

9,011

15,065

16,232

14,300

-9,203

5,436

-5,952

-4,484

-2,028

6,409

-7,245

-5,562

10,222

13,354

Proceeds from insurance company

-

-

-

-

-

-

-

-

-

-

-

0

30

0

1,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Death benefit proceeds

-

-

-

-

-

-

-

354

0

2

308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases property and equipment

97

166

26

55

42

94

28

66

117

207

252

289

734

952

1,206

1,511

164

81

35

61

71

81

131

270

276

68

49

354

44

782

368

164

53

150

129

Purchase of third party ownership in OREO

0

0

165

-

-

-

-

0

0

1

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs capitalized in OREO and other repossessed property

-

-

-

-

-

-

-

-

-

-

-

-

219

420

315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of OREO and other repossessed property

26

688

2,141

160

69

0

33

13

428

167

1

0

72

76

284

-

-

-

-

-11

113

53

133

3,288

1

94

28

2,444

12

79

112

5

37

412

12

Net Cash Provided By (Used In) Investing Activities

13,515

23,170

13,125

-20,123

-17,493

-15,993

-16,250

-26,923

-666

-1,439

2,582

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,760

-29,011

10,531

13,042

-15,760

-10,921

Net Cash Provided by (Used in) Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

10,968

-22,301

6,985

-6,730

5,680

-10,200

-9,145

-38,661

-14,950

-11,405

-18,839

583

-17,801

9,008

-5,149

-

-

-

-

-

-

-

-

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

-43,746

-4,394

-4,309

44,685

5,766

42,329

30,583

-10,125

-21,731

-12,709

20,581

12,491

3,699

4,789

30,780

-2,183

-17,918

-885

22,178

15,717

13,797

13,796

3,026

6,889

-10,050

24,370

7,114

12,541

-8,695

11,521

17,512

-961

-20,114

11,377

14,497

Repayment of FHLBP advances

15

10,715

56,017

14,017

26,020

129,621

71,020

22,034

10,822

1,103

12,208

33,104

0

0

10,000

-

-

-

-

-

-

-

-

0

0

0

10,000

-

-

-

-

0

0

0

5,000

Funding of FHLBP advances

0

0

65,000

10,000

0

124,600

60,000

50,000

12,000

0

7,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in repurchase agreements

-

-

-

-4,089

-1,520

-5,108

-1,306

-3,360

-317

4,226

-415

-7,594

1,735

-3,913

-10,755

1,915

2,290

7,895

1,095

-109

-4,609

-11,616

15,701

5,212

-8,591

1,418

4,801

-393

-1,179

-4,151

-1,033

-2,806

-2,620

8,660

-2,813

Proceeds from issuance of subordinated debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of other borrowings

-

-

-

-

-

-

-

-

-

13

12

-

11

12

10

11

10

10

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in other borrowings

-18

-17

-3,016

-

13,218

-15

-2,387

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-9

-9

-7

-8

-7

-8

-7

-6

-7

-7

-

-

-

-

Dividends paid

304

303

303

302

301

301

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

299

299

297

297

200

199

199

205

204

205

220

227

227

226

226

224

227

225

223

168

169

262

394

81

289

227

227

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

0

100

163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

99

86

143

37

446

2

52

135

264

1

0

436

316

1

106

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit for restricted stock vesting

-

-

-

-

-

-

-

-

-

-

110

124

0

0

64

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,250

0

0

9,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of treasury stock

-

-

-

-

-

-

-

-

152

131

122

105

111

111

97

90

94

108

95

91

92

97

90

83

88

85

88

82

85

85

80

76

76

57

54

Net Cash (Used in) Provided by Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

5,333

776

9,541

6,179

-15,749

6,897

23,255

25,462

9,057

2,046

18,582

11,953

-18,788

25,641

1,772

-

-

-

-

-

-

-

-

Net Cash (Used in) Provided by Financing Activities

-44,091

-15,429

1,355

22,929

-8,943

31,741

15,533

15,690

-21,033

-9,929

15,594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,186

16,158

-3,778

-22,206

19,856

6,511

Net Change in Cash and Cash Equivalents

-26,676

11,505

17,572

-

-22,750

19,374

3,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Change in Cash and Cash Equivalents

-

-

-

-

-

-

-

-8,573

-16,699

-7,879

21,965

-8,339

10,296

-18,594

17,621

2,160

-8,534

-842

15,831

-11,387

-4,537

-7,264

1,632

14,839

-34,819

38,465

-1,574

-1,844

2,607

-5,404

-11,087

10,062

-7,664

6,320

-2,201

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

3,138

3,062

2,909

2,691

2,488

2,154

1,946

1,500

1,574

1,321

1,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for: Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

644

682

694

744

629

651

511

598

543

684

627

762

680

864

826

983

937

1,032

978

1,206

1,176

1,367

Cash paid during the period for: Income taxes

-

-

-

-

-

-

-

975

650

1,661

225

300

625

100

150

75

275

569

858

150

330

370

22

0

75

400

1,103

674

510

0

551

0

800

1,155

4

Supplemental Disclosure of Non-cash Flow Information:
Transfers from loans to real estate owned and other repossessed property

64

84

504

154

44

260

14

109

0

632

2,219

-

-

-

-

301

387

1,094

7

-

-

-

-

59

867

2,232

6

28

312

0

10

36

39

-1,966

1,966