Evans bancorp inc (EVBN)
CashFlow / Quarterly
Mar'20Dec'19Sep'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
OPERATING ACTIVITIES:
Interest received

15,968

16,079

17,097

16,537

15,323

15,448

14,512

14,253

13,392

12,460

12,239

11,528

10,801

10,618

10,174

9,688

9,090

9,421

8,707

8,660

8,256

9,414

8,359

8,829

8,105

8,327

7,857

8,354

7,638

8,633

8,122

8,515

8,011

8,629

7,774

8,179

7,654

Fees received

4,113

4,468

5,372

3,608

4,424

4,063

3,966

3,536

3,395

3,324

3,557

3,328

3,210

3,191

3,094

2,715

2,839

3,295

3,629

3,016

2,779

3,024

3,340

2,753

3,388

3,680

4,511

3,294

3,301

3,210

2,992

2,695

3,107

3,494

3,025

2,737

3,590

Interest paid

2,248

3,545

3,226

3,001

2,999

2,919

2,393

1,957

1,871

1,569

1,475

1,324

1,263

1,208

1,170

1,181

1,068

995

962

1,043

896

869

896

905

937

959

979

985

1,147

1,304

1,358

1,418

1,550

1,652

1,871

1,664

1,829

Cash paid to employees and vendors

11,362

8,844

13,052

11,151

12,685

11,114

9,179

9,887

11,122

10,522

8,508

8,632

10,116

9,409

8,038

8,076

8,353

8,798

7,928

8,128

7,804

7,481

6,620

6,949

8,368

8,025

7,976

4,657

8,009

7,627

5,839

6,079

7,058

6,224

5,352

6,022

5,985

Cash contributed to pension plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

45

45

95

-

-

-

-

-

-

-

-

Income taxes paid

103

-

-

-

-

-2,839

-1,051

568

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

1,630

5

-

695

270

9

2,349

0

600

1

-283

356

1,825

960

-425

12

1,854

461

926

0

1,554

720

1,021

271

1,413

299

Proceeds from sale of loans held for sale

3,739

5,310

3,005

2,622

2,071

-

-

-

-

1,694

4,417

2,588

2,788

4,475

1,786

2,634

880

1,390

3,291

7,114

2,658

-

-

-

-

0

0

0

776

6,628

6,139

5,018

6,250

8,516

2,635

5,831

7,285

Originations of loans held for sale

3,335

5,505

3,454

2,234

2,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

-

-

-

3,951

2,178

3,354

2,240

3,750

3,142

335

1,649

2,505

5,300

4,995

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,964

3,513

123

-

-416

-4

233

4,673

7,667

4,577

3,998

6,619

2,602

5,811

9,779

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,401

2,228

3,044

-

4,232

3,554

-3

4,795

3,292

1,829

1,105

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

6,772

6,447

4,541

5,996

4,089

9,280

6,680

5,377

3,786

2,558

6,181

2,680

2,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,111

1,770

3,911

2,359

2,290

4,042

5,123

3,218

1,837

637

INVESTING ACTIVITIES:
Available for sales securities: Purchases

46,322

2,023

14,262

22,063

10,568

0

0

10

47,853

0

13,192

30,397

22,300

0

0

5,482

20,471

504

4,087

20,126

4,244

-

-

-

-

10,875

5,254

7,439

3,487

6,810

2,021

6,177

17,759

16,001

5,336

261

10,029

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

17,430

-7,362

16,000

27,171

5,523

6,393

4,307

17,042

33,127

973

5,136

3,249

3,656

6,805

3,420

11,122

3,883

7,612

4,849

11,848

2,451

8,005

5,068

1,601

5,543

2,950

5,126

3,915

3,759

5,940

3,668

21,732

9,009

7,956

6,184

4,815

2,655

Held to maturity securities: Purchases

511

451

917

0

224

-

-

-

-

990

3,320

0

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,551

929

210

428

1,796

244

300

135

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

50

584

259

38

10

158

3,423

87

610

144

205

36

610

163

242

84

11

203

232

173

11

281

341

770

11

1,643

401

247

11

1,841

603

336

396

382

305

52

39

Cash paid for bank-owned life insurance

-

0

0

0

360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance claims

-

-

-

-

-

-

0

0

675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to properties and equipment

491

127

3,898

189

426

349

390

205

162

125

94

208

56

123

210

819

300

633

756

388

111

147

158

49

226

881

-132

652

47

549

890

446

117

185

365

94

82

Purchase of tax credit investment

3,116

-

-

-

19

0

3,201

547

129

-

-

-

-

1,375

0

344

359

268

1

164

667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance agency acquisition

683

-

-

-

-

-

-

-

-

0

0

0

275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans

20,449

6,067

6,689

26,680

29,454

1,208

28,390

13,830

48,445

65,714

21,799

30,843

2,082

31,741

57,337

55,647

23,176

43,129

20,952

10,765

3,595

10,413

21,224

2,811

13,493

19,722

18,704

19,989

5,865

-15,071

-169

19,112

-898

16,668

26,488

11,282

2,327

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54,079

-51,086

-40,412

-

-20,755

-18,545

-6,155

-6,662

-18,797

-11,186

-8,165

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-54,092

-3,338

-9,322

-21,704

-35,518

4,520

-27,447

2,537

-62,177

-71,134

-35,933

-58,974

-20,482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,138

-5,629

13,942

600

-3,877

-8,001

-26,312

-27,174

-7,070

-9,879

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

147

-4,992

3,449

1,486

-660

163

-1,039

-57,766

-25,755

54,559

18,899

2,402

-16,680

-

-

7,618

2,072

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (repayments of) borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

301

10,334

-16,803

-

4,526

-1,254

-1,977

-828

-363

-2,241

-5,328

-

-

-

-

-

-

-

-

Repayments of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

774

1,826

329

-

-239

-746

14,050

Net increase in deposits

60,157

8,634

-24,105

7,188

60,665

-565

33,155

48,035

83,204

18,910

13,263

41,079

38,003

42,009

28,080

20,836

46,067

20,679

8,137

-6,192

72,723

-2,161

2,626

-14,775

15,333

3,987

10,211

-5,886

19,308

6,262

18,810

4,240

33,478

2,964

26,471

1,620

40,690

Repurchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

127

49

34

0

-65

65

1,436

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

127

326

142

685

25

621

8

346

50

295

0

260

14,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reissuance of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140

66

169

68

195

132

157

31

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,375

26,996

48,139

-

8,377

2,862

55,954

547

7,294

-17,059

11,951

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

60,431

1,404

-20,514

6,831

60,030

-2,007

32,124

-11,587

57,499

71,851

32,162

41,704

35,572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,994

13,980

7,644

18,036

1,704

33,149

5,498

26,710

1,728

26,640

Net increase in cash and cash equivalents

13,111

4,513

-25,295

-8,877

28,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-892

-

2,410

-14,590

17,151

-6,143

7,697

-21,862

10,771

-17,798

-8,146

-12,129

49,796

-1,320

-8,211

-26,416

4,891

-21,488

-9,135

-28,021

10,121

25,497

20,995

117

29,190

-15,691

2,754

-3,505

17,398

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

204

3,748

5,164

4,382

3,720

4,451

4,795

3,791

3,319

992

3,723

2,618

3,146

2,339

2,216

2,003

1,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,905

-

2,289

1,579

2,013

1,668

2,450

1,923

1,816

2,123

2,135

1,495

2,379

1,339

1,926

972

1,875

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

538

544

506

494

505

473

495

411

446

429

458

443

432

475

432

288

359

393

375

389

356

378

368

405

422

571

409

449

567

620

481

514

510

931

403

283

379

Deferred tax (benefit) expense

-1,001

-370

-156

-57

12

81

134

136

144

2,320

241

222

367

140

-336

89

36

335

454

149

42

-1,478

259

-228

-13

-465

-23

7

109

63

78

311

87

-358

-73

23

86

Provision for loan losses

2,999

-122

-431

90

538

-276

252

659

767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-435

-

1,006

-376

208

204

396

415

201

574

327

175

153

236

774

80

450

-130

10

301

-249

828

159

1,009

488

Loss on tax credit investment

2,475

-

-

-

148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in refundable state historic tax credit

1,857

-

-

-

-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on loans sold

51

49

43

36

26

-

-

-

-

25

61

52

18

14

35

29

15

18

34

59

22

-

-

-

-

0

0

0

25

-

-

-

-

83

33

20

52

Change in fair value of equity securities

-

-

-

-

-

-1

0

98

147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

257

245

243

248

201

194

198

213

186

161

167

159

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium on loans sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-129

-75

-53

-

-

-

-

Stock options and restricted stock expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

-

121

146

117

113

131

122

99

86

90

101

75

72

82

80

71

74

73

70

57

Proceeds from sale of loans held for sale

3,739

5,310

3,005

2,622

2,071

-

-

-

-

1,694

4,417

2,588

2,788

4,475

1,786

2,634

880

1,390

3,291

7,114

2,658

-

-

-

-

0

0

0

776

6,628

6,139

5,018

6,250

8,516

2,635

5,831

7,285

Originations of loans held for sale

3,335

5,505

3,454

2,234

2,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

-

-

-

3,951

2,178

3,354

2,240

3,750

3,142

335

1,649

2,505

5,300

4,995

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for resale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,964

3,513

123

-

-416

-4

233

4,673

7,667

4,577

3,998

6,619

2,602

5,811

9,779

Cash contributed to pension plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

45

45

95

-

-

-

-

-

-

-

-

Changes in assets and liabilities affecting cash flow:
Other assets

225

-560

322

658

4,528

144

1,820

382

1,060

1,031

799

244

901

372

783

1,562

-561

1,127

324

1,439

-327

2,898

365

-721

377

-363

3,367

-1,584

699

2,449

-1,562

402

-227

-1,198

1,098

925

-1,461

Other liabilities

3,029

2,043

32

1,352

3,476

-140

1,545

647

131

-2,567

2,459

-1,558

-100

-853

854

1,540

-482

-1,243

848

464

-592

2,746

905

-831

-1,069

-751

3,068

8

-971

1,524

-302

-65

-1,182

-823

1,974

405

-1,163

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,401

2,228

3,044

-

4,232

3,554

-3

4,795

3,292

1,829

1,105

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

6,772

6,447

4,541

5,996

4,089

9,280

6,680

5,377

3,786

2,558

6,181

2,680

2,061

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,111

1,770

3,911

2,359

2,290

4,042

5,123

3,218

1,837

637