Enterprise bancorp inc /ma/ (EBTC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

34,200

28,881

19,393

18,751

16,148

14,651

13,529

12,375

10,944

10,640

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

7,946

Provision for loan losses

1,180

2,250

1,430

2,993

3,267

1,395

3,279

2,750

5,197

5,137

4,846

Depreciation and amortization

6,142

6,836

7,028

6,081

5,603

5,458

5,015

4,485

4,125

3,809

3,249

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

76

133

Stock-based compensation expense

1,872

1,848

1,753

2,380

1,803

1,752

1,662

1,271

1,035

880

-

Other-than-temporary-impairment of investments

-

-

-

-

-

-

-

-

3

8

797

Bank Owned Life Insurance Income

638

672

701

747

553

413

459

506

548

562

-

Debt Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment

146

-2,950

-2,550

-

-

-

-

-

-

-

-

Net (gains) losses on equity securities

367

-204

3,266

-

-

-

-

-

-

-

-

Net gains on life insurance

-

-

-

-

163

0

0

-

-

-

-

Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss

-

-

-

802

1,828

1,619

1,239

236

791

875

1,487

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

707

Mortgage loans originated for sale

25,562

13,026

19,820

28,873

23,673

20,864

35,284

54,248

35,717

50,030

56,501

Proceeds from mortgage loans sold

26,131

12,793

21,641

29,614

24,827

20,154

43,378

51,741

37,751

44,713

58,331

Net gains on sales of loans

469

260

460

601

492

406

792

989

687

713

612

Equity Securities, FV-NI, Unrealized Gain (Loss)

-

-

-

0

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

34

0

0

-

154

0

121

87

0

120

0

OREO fair value adjustment

-

-

-

-

-

-

23

0

0

-

0

Changes in:
Accrued interest receivable

-

-

-

-

-

547

358

-

-

-

-

OREO fair value adjustment

-

-

-

-

-

-

-

-

-

500

-

Income on bank-owned life insurance, net of costs

-

-

-

-

-

-

-

-

-

-

545

Accrued interest receivable

-

-

-

-

-

-

-

7

289

164

11

Prepaid expenses and other assets

-

-

-

-

-

6,597

-6,592

3,207

824

831

1,754

Deferred income taxes

-

-

-

-

-

-90

183

625

2,039

659

1,536

Accrued expenses and other liabilities

-

-

-

-

-

85

780

1,387

2,456

673

1,111

Subordinated debt issuance costs

-

-

-

-

-

0

0

-

-

-

-

Accrued interest payable

-

-

-

-

-

1

-38

-148

-163

-406

-

Decrease (increase) in other assets

-136

1,815

-6,026

2,174

-64

-

-

-

-

-

-

Increase in other liabilities

1,174

1,812

2,357

701

874

-

-

-

-

-

-

Net cash provided by operating activities

43,619

41,801

37,931

-

-

-

-

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-529

Net cash provided by operating activities

-

-

-

27,323

25,723

13,140

35,784

13,956

20,453

12,076

14,145

Cash flows from investing activities:
Proceeds from sales of debt securities

13,623

129,862

119,526

-

-

-

-

-

-

-

-

Purchase of debt securities

126,872

208,978

186,628

-

-

-

-

-

-

-

-

Proceeds from maturities, calls and pay-downs of debt securities

48,805

42,278

32,643

30,930

26,731

40,497

27,923

37,283

55,746

48,484

52,825

Net proceeds from the sale (purchases) of equity securities

-1,348

1,631

-13,680

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities

-

-

-

4,800

-

-

-

-

-

-

-

Proceeds from sales of investment securities

-

-

-

-

25,115

25,371

9,564

3,545

11,344

5,844

40,989

Net (purchases) proceeds from the sales of FHLB capital stock

-873

142

3,121

-956

-307

-967

64

-480

0

0

-

Purchase of investment securities

-

-

-

118,255

-

-

-

-

-

-

-

Purchase of investment securities

-

-

-

-

108,962

90,918

70,663

83,964

63,085

67,343

65,775

Net (increase) decrease in loans

179,623

118,918

247,032

163,426

188,738

150,079

165,135

116,458

111,162

60,101

138,364

Additions to premises and equipment, net

12,498

5,297

8,211

7,918

3,938

4,667

6,580

4,330

5,433

5,429

4,427

Proceeds from OREO sales

289

0

0

-

1,015

0

652

1,852

600

1,556

632

Net cash used in investing activities

-254,055

-162,826

-279,143

-

-

-

-

-

-

-

-

Purchase of OREO

-

-

-

-

-

457

0

245

0

0

-

Proceeds from bank-owned life insurance

-

-

-

405

0

0

-

-

-

-

-

Purchase of bank-owned life insurance

-

-

-

-

11,390

0

0

-

-

-

-

Purchase of Oreo

-

-

-

-

-

-

-

-

-

-

340

Net cash used in investing activities

-

-

-

-252,508

-259,860

-179,286

-204,303

-161,837

-111,990

-76,989

-114,460

Cash flows from financing activities:
Net increase in deposits

221,948

123,420

172,441

250,773

249,602

132,554

160,965

141,869

89,087

99,123

197,045

Net decrease in borrowed funds

-4,319

11,492

78,329

-43,000

-5,229

22,366

9,994

22,046

-11,047

-9,335

-96,374

Repayment of subordinated debt

-

-

-

-

10,825

0

0

-

-

-

-

Proceeds from the issuance of subordinated debt

-

-

-

-

15,000

0

0

-

-

-

-

Cash dividends paid, net of DRP

6,371

5,443

4,747

5,684

5,158

4,853

4,535

4,215

3,945

3,682

3,104

Proceeds from issuance of common stock

69

121

96

21,183

1,448

1,283

1,239

1,274

1,254

1,198

9,847

Net settlement for employee taxes on restricted stock and options

402

559

931

442

0

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

546

431

-

-

-

-

-

-

Repurchases for tax withholdings on options and restricted stock awards, net of proceeds from exercise of stock options

-

-

-

-

-

889

1,829

-

-

-

-

Net proceeds from stock option exercises

185

308

355

-

-

-

-

509

309

5

222

Tax benefit from stock-based compensation

-

-

-

789

217

320

25

2

4

0

13

Net cash provided by financing activities

-

-

-

224,165

245,486

152,559

169,517

161,485

75,662

87,309

107,649

Net increase in cash and cash equivalents

-

-

-

-1,020

11,349

-13,587

998

13,604

-15,875

22,396

7,334

Net cash provided by financing activities

211,110

129,339

245,543

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

674

8,314

4,331

-

-

-

-

-

-

-

-

Cash Paid For: Interest

-

-

-

5,536

5,467

5,242

5,369

6,643

7,542

10,466

14,425

Cash Paid For: Income taxes

-

-

-

10,868

7,594

7,466

7,342

6,611

7,112

6,227

3,627

Net purchases of (sales proceeds from) investment securities not yet settled

-

-

-

-301

2,296

2,336

703

0

-

-

-

Purchase of investment securities not yet settled

-

-

-

-

-

-

-

-

0

-

5,688

Transfer from loans to other real estate owned

-

-

-

-

-

290

168

575

1,220

1,675

1,060

Bank owned life insurance proceeds not yet received

-

-

-

-

403

0

0

-

-

-

-

Capital expenditures incurred not yet paid

-

-

-

-

525

0

0

-

710

0

0