EMCLAIRE FINANCIAL CORP EMCF Cash Flow

Emclaire financial corp (EMCF)

CashFlow / TTM

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
7,062	7,954	6,667	5,658	4,931	4,211	4,508	5,055	4,683	4,277	4,900	4,251	4,140	3,986	3,715	4,178	4,175	4,154	4,504	4,005	3,957	4,017	3,671	3,731	3,791	3,808	3,570	3,157	3,473	3,654	4,116	4,496	4,091	3,833	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment
1,417	1,388	1,332	1,267	1,203	1,172	1,161	1,159	1,165	1,163	1,162	1,161	1,152	1,133	1,123	1,089	1,067	1,039	991	985	932	871	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	675	666	668	677	698	736	771	798	0	0	0
Provision for loan losses
1,327	715	605	1,050	1,080	1,280	1,250	1,220	1,121	903	627	525	445	464	582	312	393	381	431	696	676	670	650	630	600	580	1,005	2,221	2,184	2,154	1,687	408	413	420	0	0	0
Amortization/accretion of premiums, discounts and deferred costs and fees, net
-647	-406	11	51	33	-63	-430	-537	-450	-488	-501	-432	-518	-434	-416	-372	-365	-362	-300	-291	-258	-252	-271	-262	-254	-225	-196	-128	-130	-136	0	0	0	-	-	-	-
Amortization of operating lease right-of-use assets
133	132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums and (accretion of discounts), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amortization of intangible assets and mortgage servicing rights
249	249	259	280	302	321	326	314	299	295	280	274	274	246	229	213	196	196	194	201	208	216	225	238	254	270	288	308	330	352	374	400	429	457	0	0	0
Realized gain on sales of debt securities, net
154	78	43	-1	0	-9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of equity securities, including realized gain
-8	12	480	472	538	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized losses on sales of securities, net
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains on sales of available for sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	82	370	903	856	854	577	134	100	758	797	814	913	340	299	582	1,021	1,360	0	0	0	-	-	-	-
Net gain on sales of loans
-	114	88	47	11	19	132	142	264	248	174	249	125	119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized gains on sales of available for sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net loss on foreclosed real estate
58	49	-26	-22	-7	-34	-18	-12	-9	32	15	12	13	22	7	7	4	15	26	16	30	12	35	21	11	19	0	0	0	-	-	-	-	-9	0	0	0
Net loss on sale of premises and equipment
-	-	-	-	-	-108	9	9	9	-16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-	6,027	6,261	5,686	4,816	5,329	5,758	4,556	5,229	5,783	5,389	5,489	4,015	2,224	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of residential mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	6,911	6,911	11,745	26,392	19,481	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of loans originated for sale
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of foreclosed real estate
-	37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	6	6	3	0	10	10	10	29	60	60	60	41	0	0	0	-	-	-	-
Stock compensation expense
390	368	353	299	284	269	253	270	250	230	215	204	214	205	188	187	177	184	222	222	209	198	165	158	179	172	154	151	119	113	119	100	97	98	0	0	0
Decrease (increase) in bank-owned life insurance, net
185	406	403	391	351	340	335	335	335	334	335	334	335	334	331	331	328	328	329	328	326	327	325	326	330	329	330	320	292	263	234	215	214	213	0	0	0
Increase in accrued interest receivable
126	30	164	-34	211	65	74	320	198	299	203	37	36	127	140	55	2	-42	-79	18	157	77	67	-52	-151	-67	-129	-101	24	-97	78	48	27	-133	0	0	0
Increase in prepaid expenses and other assets
165	107	-1,865	1,099	967	1,187	3,108	-626	-666	-1,055	-1,395	-116	153	141	1,386	547	3,354	3,619	2,533	2,963	-472	-203	76	91	-413	-851	1,062	1,460	2,736	2,864	-748	-769	-1,286	-1,712	0	0	0
Increase in accrued interest payable
58	121	131	172	175	21	61	45	108	168	157	105	4	31	21	38	23	-20	-31	-66	-58	-93	-88	-124	-133	-150	-211	-149	-149	-99	-28	-47	-81	-108	0	0	0
Increase (decrease) in accrued expenses and other liabilities
148	-538	-755	-725	-507	158	312	347	799	771	1,359	803	102	-201	397	273	414	738	-3,768	1	-102	355	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
11,257	10,428	10,146	6,676	6,143	6,612	5,847	8,784	8,753	8,214	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,189	5,135	5,533	6,607	0	0	0
Increase in accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	322	108	-1,136	-835	-769	-381	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-527	2,892	5,952	5,525	8,678	5,213	5,809	6,736	0	0	0	-	-	-	-	-	-	-	-
Cash flows from investing activities
Loan originations and principal collections, net
37,632	-10,791	-11,532	-2,988	8,636	24,474	20,139	26,058	35,121	47,231	51,166	51,670	38,209	15,466	32,143	25,096	28,224	27,836	12,418	15,878	29,529	25,273	21,564	27,154	6,696	19,678	17,816	11,080	21,986	24,058	0	0	0	-	-	-	-
Net losses on foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sales of loans held for sale previously classified as portfolio loans
-	-	-	-	-	-	-	5,202	5,666	6,007	5,538	5,569	4,063	2,198	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of syndicated national credits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,039	7,039	7,039	3,018	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale securities:
Sales
40,621	36,370	19,834	17,569	8,926	11,482	12,848	6,960	24,891	18,360	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	6,618	11,741	40,641	39,993	36,314	32,681	4,684	2,893	24,452	28,493	45,291	46,830	27,046	26,515	14,857	17,802	17,139	13,124	7,081	18,011	28,978	0	0	0
Maturities, repayments and calls
21,202	19,007	16,739	14,045	12,290	10,615	10,457	10,413	9,534	11,453	15,130	17,580	24,545	22,790	23,969	26,232	25,590	27,873	23,925	22,287	18,031	14,813	11,456	8,876	16,469	29,953	46,369	80,977	84,903	95,748	102,900	101,734	96,179	73,780	0	0	0
Purchases
75,195	76,149	52,371	28,192	21,218	19,145	22,956	20,090	34,158	29,474	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	18,522	15,847	23,820	26,024	27,117	25,274	26,223	46,572	67,923	63,189	53,255	73,522	60,116	60,281	87,246	83,782	109,408	128,235	129,093	123,756	95,318	0	0	0
Net change in federal bank stocks
1,067	-561	1,200	1,171	1,280	1,499	-440	-470	-308	-210	1,041	1,098	599	-357	694	274	935	1,834	-609	-279	-638	-1,571	-916	-649	-65	1,092	536	37	-713	-779	-634	-483	-434	-465	0	0	0
Net change in interest earning time deposits
-2,710	-2,960	-3,460	-3,220	-2,240	-2,540	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of bank premises and equipment
-	251	251	251	190	155	160	160	160	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
1,417	1,809	1,803	1,664	1,394	885	499	332	313	204	478	1,954	2,145	2,142	3,303	1,997	1,913	2,009	1,769	1,949	3,201	3,735	3,730	3,746	4,224	3,807	3,092	2,857	1,083	831	564	631	570	583	0	0	0
Proceeds from the sale of foreclosed real estate
1,078	1,109	749	855	412	395	454	251	239	210	262	286	342	333	205	376	312	307	317	120	196	139	221	300	219	249	322	248	410	426	328	459	502	556	0	0	0
Net cash provided by (used in) investing activities
-54,092	-11,862	-5,817	5,373	-9,038	-21,984	-21,802	-28,276	-29,953	-42,364	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42,868	-41,767	-30,353	261	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-8,404	-38,321	-60,517	-55,911	-47,387	-29,029	-20,849	-27,416	0	0	0	-	-	-	-	-	-	-	-
Cash flows from financing activities
Net increase in deposits
23,289	25,578	19,515	-14,094	-13,457	754	19,809	36,629	40,881	49,955	50,204	32,288	22,727	22,353	14,741	11,774	-5,345	-11,932	-14,749	-1,991	48,862	69,813	90,466	64,906	29,924	-453	-24,055	-13,913	-221	15,991	35,442	22,080	21,481	6,810	0	0	0
Proceeds from long-term debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	5,000	5,000	5,000	0	0	0	0	-	-	-	-	-	-	-	-
Repayments on long-term debt
6,000	6,000	1,000	1,000	1,000	6,000	21,000	21,000	21,250	16,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term borrowings
11,250	-10,800	-1,200	-1,200	-200	9,150	-450	-450	-200	-7,000	0	0	2,250	-4,750	1,100	-5,000	-3,000	7,750	-750	5,350	850	-17,650	-24,500	-3,350	2,150	24,150	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,576	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81	85	57	57	79	75	53	53	47	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options, including tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Dividends paid
3,342	3,313	3,284	3,137	2,900	2,753	2,519	2,478	2,429	2,374	2,321	2,284	2,255	2,232	2,187	2,168	2,063	1,957	1,859	1,734	1,696	1,658	1,650	1,704	1,766	1,830	2,040	2,005	1,968	1,930	1,714	1,717	1,650	1,537	0	0	0
Net cash provided by (used in) financing activities
45,197	5,465	29,031	-4,431	-2,557	16,151	-4,161	12,813	23,377	30,956	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,676	17,811	12,279	2,298	0	0	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-14,122	9,844	48,073	45,584	59,391	49,905	20,361	16,914	0	0	0	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
2,362	4,031	33,360	7,618	-5,452	779	-20,116	-6,679	2,177	-3,194	13,452	-3,846	-1,702	6,022	14,539	26,652	-5,372	-310	-23,053	-25,585	-6,492	-4,802	20,682	26,089	5,321	-3,766	-8,391	-15,426	-6,515	-7,769	-4,003	-18,821	-12,541	9,166	0	0	0
Supplemental information:
Interest paid
8,466	7,962	7,291	6,405	5,773	5,304	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	4,907	4,096	3,885	3,596	2,344	2,916	2,855	2,898	3,036	3,072	3,120	3,207	3,314	3,565	3,877	4,270	4,594	4,858	5,075	5,203	5,428	5,740	5,980	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	525	795	1,040	615	515	0	0	0	-	-	-	-	2,005	1,690	1,360	840	340	0	0	0
Supplemental noncash disclosure:
Transfers from loans to foreclosed real estate
571	645	702	702	689	904	633	866	848	379	496	334	385	442	218	225	230	341	361	387	341	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
-	1,642	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
-	1,858	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	417	355	305	503	467	509	0	0	0