Evans bancorp inc (EVBN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Interest received

65,036

57,605

47,028

39,570

35,044

34,707

32,176

33,281

32,236

31,616

30,327

Fees received

17,872

14,960

13,419

11,839

12,719

12,505

14,786

12,004

12,846

12,635

13,363

Interest paid

12,771

9,140

5,631

4,627

3,896

3,607

4,070

5,630

7,016

6,895

8,407

Cash paid to employees and vendors

45,732

41,302

37,778

33,876

32,658

29,418

28,667

26,603

23,583

21,642

23,431

Cash contributed to pension plan

-

-

1,000

140

165

110

185

370

120

150

-

Income taxes paid

3,102

-3,314

3,029

1,534

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

2,950

2,858

1,902

3,200

3,004

3,556

975

Proceeds from sale of loans held for sale

13,008

4,301

11,487

9,775

14,453

15,471

776

24,035

24,267

13,230

16,338

Originations of loans held for sale

13,238

4,615

11,016

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

9,467

14,449

15,669

-187

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

20,915

24,811

15,624

16,518

Net cash provided by operating activities

-

-

-

-

-

11,021

13,101

-

-

-

-

Net cash provided by operating activities

21,073

25,123

13,480

11,540

8,098

-

-

12,602

10,815

9,614

10,697

INVESTING ACTIVITIES:
Available for sales securities: Purchases

48,916

47,863

65,889

25,953

28,961

15,379

27,055

32,767

31,627

89,119

70,313

Available for sales securities: Proceeds from sales

15,224

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available for sale securities

-

-

-

-

-

-

-

-

770

-

-

Available for sales securities: Proceeds from sales, maturities, calls, and payments

41,332

60,869

13,014

25,230

26,760

20,217

15,750

40,349

21,610

73,393

69,435

Held to maturity securities: Purchases

1,592

630

4,345

866

637

618

941

3,118

2,475

862

1,697

Held to maturity securities: Proceeds from maturities, calls, and payments

891

4,278

995

500

619

1,403

2,302

3,176

778

1,769

483

Cash paid for bank-owned life insurance

360

-675

6,000

-

-

-

-

-

-

-

-

Proceeds from property insurance, held to maturity securities

-

-

-

-

1,183

-

-

-

-

-

-

Cash paid for bank-owned life insurance

-

-

-

-

-

-

4,000

-

2,000

-

-

Proceeds from bank-owned life insurance claims

-

-

-

-

-

-

-

-

-

-

342

Additions to properties and equipment

4,640

1,106

483

1,452

1,888

580

1,448

2,002

726

2,767

196

Proceeds from sales of assets

185

-

-

-

-

-

365

-

-

-

-

Proceeds from equity securities sales

-

1,960

-

-

-

-

-

-

-

-

-

Purchase of tax credit investment

3,116

3,877

3,102

2,078

1,100

1,912

225

-

-

-

-

Insurance agency acquisition

-

5,000

275

325

-

-

-

-

-

-

-

Net increase in loans

68,890

91,873

120,438

167,901

78,441

47,941

64,280

2,974

56,765

37,828

53,029

Net cash used in investing activities

-

-

-

-

-

-44,810

-79,532

-

-

-

-

Sale of other real estate

-

-

-

-

-

-

-

-

-

96

-

Cash paid on earn-out agreements

-

-

-

-

-

-

-

-

-

-

40

Acquisitions

-

-

-

-

-

-

-

-

-

-

-8,419

Net cash used in investing activities

-69,882

-82,567

-186,523

-172,845

-82,465

-

-

2,664

-70,435

-55,318

-46,596

FINANCING ACTIVITIES:
Proceeds (repayments) from short-term borrowings, net

-717

-84,397

59,180

17,538

-16,657

14,128

-

-

-

-

-

Proceeds from long-term borrowings

-

-

-

-

10,000

-

-

-

-

-

-

Repayment of long-term borrowings

-

-

-

-

-

9,000

-

-

-

-

-

Proceeds from (repayments of) borrowings, net

-

-

-

-

-

-

-8,760

101

-9,885

-

-

Proceeds from short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

8,239

Repayments of borrowings

-

-

-

-

-

-

-

-

-

10,921

11,605

Net increase in deposits

52,382

163,829

111,255

136,992

95,347

1,023

27,620

62,790

71,745

44,949

44,347

Dividends paid

5,092

4,428

3,819

3,258

3,049

2,735

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

1,098

2,825

1,644

1,385

1,700

Repurchase of treasury stock

-

-

342

80

210

1,436

250

-

-

-

27

Issuance of common stock

1,178

1,025

14,804

499

216

238

248

467

360

13,800

454

Reissuance of treasury stock

-

-

211

77

443

515

148

-

-

-

23

Net cash provided by financing activities

-

-

-

-

-

2,733

17,908

-

-

-

-

Net cash provided by financing activities

47,751

76,029

181,289

151,768

86,090

-

-

60,533

60,576

46,443

39,731

Net increase in cash and cash equivalents

-1,058

18,585

8,246

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-9,537

11,723

-31,056

-48,523

75,799

956

739

3,832

RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES:
Net income

17,014

16,356

10,479

8,272

7,843

8,187

-

-

-

-

-

Net income

-

-

-

-

-

-

7,857

8,132

6,112

4,840

707

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

2,049

1,825

1,762

1,554

1,513

1,573

1,996

2,125

1,996

1,856

1,712

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

1,985

Deferred tax (benefit) expense

-571

495

3,150

-71

980

-1,460

-372

539

-322

-1,352

-1,357

Provision for loan losses

75

1,402

738

1,209

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

1,216

1,229

1,540

-68

2,484

3,943

10,500

Loss on tax credit investment

158

2,870

3,997

3,022

-

2,596

1,555

-

-

-

-

Changes in refundable state historic tax credit

115

-3,105

2,843

2,117

-

-

-

-

-

-

-

Net gain on sales of assets

3

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sales of securities

42

-98

-

-

-

-

-

-

-

-

-

Net gain on sales of securities

-

-

-

-

-

-

-

-

26

7

18

Net loss on sale of other real estate

-

-

-

-

-

-

-

-

-

-6

-

Gain on loans sold

154

38

156

93

133

203

25

464

188

152

93

Change in fair value of equity securities

-

244

-

-

-

-

-

-

-

-

-

Gain on proceeds from insurance

-

-

-

-

734

-

-

-

-

-

-

Stock compensation expense

937

791

623

553

495

-

-

-

-

-

-

Stock options and restricted stock expense

-

-

-

-

-

465

352

305

274

215

154

Proceeds from sale of loans held for sale

13,008

4,301

11,487

9,775

14,453

15,471

776

24,035

24,267

13,230

16,338

Originations of loans held for sale

13,238

4,615

11,016

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

9,467

14,449

15,669

-187

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

20,915

24,811

15,624

16,518

Cash contributed to pension plan

-

-

1,000

140

165

-

185

370

120

150

-

Changes in assets and liabilities affecting cash flow:
Other assets

4,948

3,406

2,975

2,156

2,563

2,919

2,119

1,062

-636

-1,229

2,484

Other liabilities

6,903

2,183

-1,766

1,059

-523

1,751

1,354

-25

393

1,430

-229

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

11,021

13,101

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

21,073

25,123

13,480

11,540

8,098

-

-

12,602

10,815

9,614

10,697

Fair value of assets acquired in acquisitions (non-cash)

-

-

-

-

-

-

-

-

-

-

43,516

Fair value of liabilities assumed in acquisitions

-

-

-

-

-

-

-

-

-

-

51,265