EMCLAIRE FINANCIAL CORP EMCF Cash Flow

Emclaire financial corp (EMCF)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income
1,190	1,563	2,169	2,140	2,082	276	1,160	1,413	1,362	573	1,707	1,041	956	1,196	1,058	930	802	925	1,521	927	781	1,275	1,022	879	841	929	1,082	939	858	691	669	1,255	1,039	1,153	1,049	850	781
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment
354	366	353	344	325	310	288	280	294	299	286	286	292	298	285	277	273	288	251	255	245	240	245	202	184	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167	165	171	172	158	167	180	193	196	202	207
Provision for loan losses
792	410	-145	270	180	300	300	300	380	270	270	201	162	-6	168	121	181	112	-102	202	169	162	163	182	163	142	143	152	143	567	1,359	115	113	100	80	120	120
Amortization/accretion of premiums, discounts and deferred costs and fees, net
-265	-171	-126	-85	-24	246	-86	-103	-120	-121	-193	-16	-158	-134	-124	-102	-74	-116	-80	-95	-71	-54	-71	-62	-65	-73	-62	-54	-36	-44	6	-56	-42	-	-	-	-
Amortization of operating lease right-of-use assets
34	34	33	32	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums and (accretion of discounts), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52
Amortization of intangible assets and mortgage servicing rights
62	67	61	59	62	77	82	81	81	82	70	66	77	67	64	66	49	50	48	49	49	48	55	56	57	57	68	72	73	75	88	94	95	97	114	123	123
Realized gain on sales of debt securities, net
78	35	42	-1	2	0	-2	0	-7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities, including realized gain
-10	-4	6	0	10	464	-2	66	-28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized losses on sales of securities, net
-	-	-	-	-	-	-	-	-	-	-	-350	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains on sales of available for sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	81	2	287	533	34	0	10	90	0	658	49	107	99	85	8	390	538	424	-	-	-	-
Net gain on sales of loans
-	-15	77	38	14	-41	36	2	22	72	46	124	6	-2	121	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains on sales of available for sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104
Net loss on foreclosed real estate
-5	81	0	-18	-14	6	4	-3	-41	22	10	0	0	5	7	1	9	-10	7	-2	20	1	-3	12	2	24	-17	2	10	-	-	-	-	-1	6	-17	3
Net loss on sale of premises and equipment
-	-	-	-	-	-133	0	0	25	-16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-	854	2,778	1,671	724	1,088	2,203	801	1,237	1,517	1,001	1,474	1,791	1,123	1,101	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of residential mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,911	0	4,834	14,647	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of loans originated for sale
-	-	-	-	526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of foreclosed real estate
-	2	0	14	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	0	3	3	0	0	0	0	10	0	0	19	41	0	0	0	-	-	-	-
Stock compensation expense
112	97	91	90	90	82	37	75	75	66	54	55	55	51	43	65	46	34	42	55	53	72	42	42	42	39	35	63	35	21	32	31	29	27	13	28	30
Decrease (increase) in bank-owned life insurance, net
-126	93	96	122	95	90	84	82	84	85	84	82	83	86	83	83	82	83	83	80	82	84	82	78	83	82	83	82	82	83	73	54	53	54	54	53	52
Increase in accrued interest receivable
261	-154	250	-231	165	-20	52	14	19	-11	298	-108	120	-107	132	-109	211	-94	47	-162	167	-131	144	-23	87	-141	25	-122	171	-203	53	3	50	-28	23	-18	-110
Increase in prepaid expenses and other assets
59	261	-163	8	1	-1,711	2,801	-124	221	210	-933	-164	-168	-130	346	105	-180	1,115	-493	2,912	85	29	-63	-523	354	308	-48	-1,027	-84	2,221	350	249	44	-1,391	329	-268	-382
Increase in accrued interest payable
45	-36	9	40	108	-26	50	43	-46	14	34	106	14	3	-18	5	41	-7	-1	-10	-2	-18	-36	-2	-37	-13	-72	-11	-54	-74	-10	-11	-4	-3	-29	-45	-31
Increase (decrease) in accrued expenses and other liabilities
-386	-261	728	67	-1,072	-478	758	285	-407	-324	793	737	-435	264	237	36	-738	862	113	177	-414	-3,644	3,882	74	43	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
2,211	2,544	3,174	3,328	1,382	2,262	-296	2,795	1,851	1,497	2,641	2,764	1,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,286	1,114	818	1,971	1,232	1,512	1,892
Increase in accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	121	-143	241	-111	-1,123	158	307	277
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,259	1,441	604	-	1,775	-1,109	601	-1,794	5,194	1,951	174	1,359	1,729	2,547	1,101	-	-	-	-	-	-	-	-
Cash flows from investing activities
Loan originations and principal collections, net
40,577	8,536	-3,292	-8,189	-7,846	7,795	5,252	3,435	7,992	3,460	11,171	12,498	20,102	7,395	11,675	-963	-2,641	24,072	4,628	2,165	-3,029	8,654	8,088	15,816	-7,285	4,945	13,678	-4,642	5,697	3,083	6,942	6,264	7,769	-	-	-	-
Net losses on foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-10	-6	-	-	-	-
Proceeds from sales of loans held for sale previously classified as portfolio loans
-	-	-	-	-	-	-	1,042	1,524	1,589	1,047	1,506	1,865	1,120	1,078	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of syndicated national credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,021	3,018	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale securities:
Sales
8,226	15,335	8,153	8,907	3,975	-1,201	5,888	264	6,531	165	0	18,195	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,767
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	2,439	3,679	5,623	28,900	1,791	0	1,990	903	0	21,559	6,031	17,701	1,539	1,775	5,500	6,043	4,484	1,112	1,485	0	15,414	12,079
Maturities, repayments and calls
5,772	6,061	4,706	4,663	3,577	3,793	2,012	2,908	1,902	3,635	1,968	2,029	3,821	7,312	4,418	8,994	2,066	8,491	6,681	8,352	4,349	4,543	5,043	4,096	1,131	1,186	2,463	11,689	14,615	17,602	37,071	15,615	25,460	24,754	35,905	10,060	3,061
Purchases
6,786	24,278	30,269	13,862	7,740	500	6,090	6,888	5,667	4,311	3,224	20,956	983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	9,252	1,012	4,352	3,906	6,577	8,985	6,556	4,999	4,734	9,934	26,905	26,350	0	0	47,172	12,944	165	26,965	43,708	38,570	18,992	27,823	38,371	10,132
Net change in federal bank stocks
1,076	-66	92	-35	-552	1,695	63	74	-333	-244	33	236	-235	1,007	90	-263	-1,191	2,058	-330	398	-292	-385	0	39	-1,225	270	267	623	-68	-286	-232	-127	-134	-141	-81	-78	-165
Net change in interest earning time deposits
750	500	-240	-3,720	500	0	0	-2,740	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of bank premises and equipment
-	0	0	61	190	0	0	0	155	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
312	317	381	407	704	311	242	137	195	-75	75	118	86	199	1,551	309	83	1,360	245	225	179	1,120	425	1,477	713	1,115	441	1,955	296	400	206	181	44	133	273	120	57
Proceeds from the sale of foreclosed real estate
115	367	117	479	146	7	223	36	129	66	20	24	100	118	44	80	91	-10	215	16	86	0	18	92	29	82	97	11	59	155	23	173	75	57	154	216	129
Net cash provided by (used in) investing activities
-33,888	-9,835	-14,714	4,345	8,342	-3,790	-3,524	-10,066	-4,604	-3,608	-9,998	-11,743	-17,015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,256	-29,754	-19,602	1,232	6,357	-18,340	11,012
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,922	4,769	-1,232	-	17,434	-17,853	-440	-7,545	-12,483	-40,049	4,166	979	5,875	-31,869	-2,401	-	-	-	-	-	-	-	-
Cash flows from financing activities
Net increase in deposits
-4,408	-20,901	30,419	18,179	-2,119	-26,964	-3,190	18,816	12,092	-7,909	13,630	23,068	21,166	-7,660	-4,286	13,507	20,792	-15,272	-7,253	-3,612	14,205	-18,089	5,505	47,241	35,156	2,564	-20,055	12,259	4,779	-21,038	-9,913	25,951	20,991	-1,587	-23,275	25,352	6,320
Proceeds from long-term debt
20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,000	0	0	0	0	-	-	-	-	-	-	-	-
Repayments on long-term debt
250	5,250	250	250	250	250	250	250	5,250	15,250	250	500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term borrowings
12,250	0	0	-1,000	-9,800	9,600	0	0	-450	0	0	250	-7,250	7,000	0	2,500	-14,250	12,850	-6,100	4,500	-3,500	4,350	0	0	-22,000	-2,500	21,150	5,500	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	4,577
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27	50	0	4	31	22	0	26	27	0	0	20	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options, including tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Dividends paid
812	874	783	873	783	845	636	636	636	611	595	587	581	558	558	558	558	513	539	453	452	415	414	415	414	407	468	477	478	617	433	440	440	401	436	373	327
Net cash provided by (used in) financing activities
26,780	-27,025	29,386	16,056	-12,952	-3,459	-4,076	17,930	5,756	-23,771	12,898	28,494	13,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,346	25,511	20,551	-2,040	-26,211	19,979	10,570
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,094	15,449	5,984	-	-18,853	8,597	10,257	-14,123	5,113	46,826	7,768	-316	-4,373	17,282	4,321	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-4,897	-34,316	17,846	23,729	-3,228	-4,987	-7,896	10,659	3,003	-25,882	5,541	19,515	-2,368	-9,236	-11,757	21,659	5,356	-719	356	-10,365	10,418	-23,462	-2,176	8,728	12,108	2,022	3,231	-12,040	3,021	-2,603	-3,804	-3,129	1,767	1,163	-18,622	3,151	23,474
Supplemental information:
Interest paid
2,168	2,305	2,161	1,832	1,664	1,634	1,275	1,200	1,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	962	1,002	1,004	1,939	151	791	715	687	723	730	758	825	759	778	845	932	1,010	1,090	1,238	1,256	1,274	1,307	1,366	1,481	1,586	1,547
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	425	100	270	245	0	0	-	-	-	-	540	445	520	500	225	115	0	0
Supplemental noncash disclosure:
Transfers from loans to foreclosed real estate
209	321	0	41	283	378	0	28	498	107	233	10	29	224	71	61	86	0	78	66	197	20	104	20	0	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
-	0	0	0	1,642	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
-	0	0	0	1,858	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	67	24	234	30	17	222	198	72