1st constitution bancorp (FCCY)
CashFlow / TTM
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
Net Income (Loss) Attributable to Parent

13,658

13,634

13,703

14,091

12,592

12,048

9,310

7,784

7,832

6,928

8,408

8,617

9,012

9,285

8,857

8,625

8,626

8,664

9,053

8,729

5,974

4,356

3,714

3,099

5,096

5,780

5,646

5,478

5,219

5,060

4,919

4,777

4,308

3,931

0

0

0

OPERATING ACTIVITIES:
Adjustments to reconcile net income to net cash provided by operating activities-
Provision for loan losses

1,945

1,350

1,275

1,150

975

900

825

750

675

600

450

300

50

-300

200

300

400

1,100

1,100

1,650

5,750

5,750

0

0

0

-

-

-

-

2,149

2,924

3,033

2,758

2,558

0

0

0

Provision for loss on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

759

1,812

2,506

2,796

2,345

1,195

501

211

147

0

0

0

Depreciation and amortization

1,646

1,444

1,353

1,387

1,397

1,389

1,399

1,369

1,362

1,380

1,482

1,463

1,413

1,415

1,295

1,345

1,421

1,476

1,546

1,630

1,653

1,734

1,604

1,412

1,288

1,071

1,093

1,132

1,175

1,172

1,162

1,129

1,109

1,060

0

0

0

Net amortization of premiums and discounts on securities

-871

-675

-546

-521

-514

-556

-636

-680

-777

-879

-955

-1,076

-1,173

-1,141

-1,052

-897

-776

-810

-897

-1,040

-1,142

-1,127

-1,064

-1,014

-1,007

-1,081

-1,227

-1,331

-1,416

-1,468

-1,520

-1,552

-1,536

-1,617

0

0

0

SBA discount accretion

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales and calls of securities available for sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales and calls of securities held to maturity

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SBA loan discount accretion

-

-

-

-

-

-

-

287

268

247

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales and calls of securities available for sale

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales and calls of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

923

0

0

0

-

-

0

0

-

-

-

-

Gains on sales of loans held for sale

5,310

4,885

4,606

4,547

4,371

4,475

4,638

4,675

4,709

5,149

5,196

4,742

4,471

3,785

3,286

3,194

3,650

4,039

4,819

4,591

3,655

3,103

1,773

1,860

2,072

2,064

2,242

2,109

2,125

1,862

1,891

1,891

1,807

1,776

0

0

0

Originations of loans held for sale

166,800

146,808

126,488

113,752

108,105

111,109

112,362

112,465

109,369

110,831

125,632

113,632

105,077

96,968

76,183

91,261

118,635

134,073

143,687

153,530

133,823

114,752

108,898

95,391

110,158

138,980

163,869

182,314

180,668

178,044

184,758

171,155

155,638

139,478

0

0

0

Proceeds from sales of loans held for sale

161,524

148,786

128,718

123,727

113,226

116,818

118,657

111,443

115,519

126,555

136,280

119,444

107,317

91,708

74,433

101,303

129,897

140,486

151,316

156,274

131,777

120,407

115,180

115,608

139,694

166,081

174,626

172,784

169,574

163,180

174,015

163,422

144,893

143,239

0

0

0

Increase in cash surrender value on bank–owned life insurance

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value on bank-owned life insurance

-

-

-

-

-

-

-

549

520

522

526

508

535

549

552

583

568

558

562

562

569

564

530

502

473

457

458

454

448

447

442

430

421

404

0

0

0

Loss on cash surrender value on bank-owned life insurance

-

-

-

-

-

14

14

14

14

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

1,125

1,104

1,093

1,078

1,051

1,019

1,013

1,015

1,031

993

963

876

783

754

678

667

660

631

624

538

689

585

564

606

367

501

518

518

533

474

473

463

447

426

0

0

0

Increase in deferred tax asset

-563

-604

-1,451

-1,338

-341

-305

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash rent and equipment expense

186

192

152

112

53

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued interest receivable

286

307

0

310

318

123

252

466

413

383

286

9

63

242

211

75

-86

-243

442

410

465

553

57

10

-67

-330

-535

-213

-109

-124

213

83

70

588

0

0

0

Increase in other assets

-189

-511

4,532

2,301

902

1,589

566

-215

664

181

555

686

712

-388

-1,073

544

-4,253

-617

-1,301

-760

2,655

-620

66

-1,092

-866

-1,167

-1,030

-1,041

-416

16

-1,076

-1,480

-539

305

0

0

0

(Decrease) increase in accrued interest payable

-159

364

675

848

814

424

212

37

-57

-62

-79

-34

-51

20

41

-9

-29

-61

98

98

122

24

-133

-186

-220

-175

-135

-67

-64

-128

-177

-276

-237

-340

0

0

0

Decrease in accrued expenses and other liabilities

-1,506

-2,459

-176

-7,847

85

2,333

2,374

8,955

2,301

-266

-2,250

-737

-1,799

-552

170

-821

-883

-363

2,092

2,614

1,960

1,362

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

615

1,026

554

1,503

224

-306

0

0

0

Net cash (used in) provided by operating activities

6,640

13,262

11,973

14,334

16,146

17,328

17,714

15,940

15,773

21,892

14,073

11,400

7,052

2,485

8,331

17,414

23,531

16,110

18,732

14,567

7,827

16,920

16,120

29,296

37,791

36,496

20,258

-648

-2,299

-5,588

188

3,856

-2,316

9,610

0

0

0

INVESTING ACTIVITIES:
Purchases of securities :
Purchases of securities:
Available for sale

31,438

33,972

33,559

36,489

44,102

35,209

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Available for sale

-

-

-

-

-

-

-

-

-

-

-

-

34,637

-

55,195

53,176

39,584

34,109

0

0

0

-

-

-

-

16,947

42,389

44,909

51,868

57,242

31,800

28,280

25,220

69,849

0

0

0

Held to maturity

30,178

16,188

13,956

10,797

9,262

7,723

21,000

21,000

21,817

34,592

35,081

37,675

38,629

35,212

24,612

22,018

18,604

15,599

11,773

11,773

21,798

18,424

0

0

0

-

-

-

-

6,602

6,602

14,239

31,881

97,428

0

0

0

Proceeds from maturities and payments of securities:
Proceeds from maturities and prepayments of securities:
Available for sale

41,857

39,086

32,370

22,375

21,360

17,664

23,160

23,488

23,487

25,770

22,212

26,994

25,401

23,354

21,757

15,281

19,467

18,783

16,162

20,383

14,081

23,606

23,426

21,404

29,589

22,346

26,048

25,403

19,278

34,468

30,691

42,125

47,803

62,413

0

0

0

Held to maturity

19,344

18,891

30,200

28,088

33,983

38,192

40,935

49,938

44,326

49,889

43,535

34,493

34,886

31,429

24,276

25,875

37,215

35,705

38,527

40,115

32,311

27,238

25,040

29,195

27,883

33,957

34,583

29,326

30,644

31,924

34,494

31,914

41,243

35,622

0

0

0

Net (purchase) sale of restricted stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of securities:
Available for sale

-

-

-

-

-

-

-

-

-

-

-

-

1,449

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Held to maturity

-

-

-

-

-

-

-

-

-

1,034

1,033

606

582

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance benefits paid

-

-

-

-

-

893

893

893

893

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net redemption (purchase) of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net purchase of restricted stock

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

0

-

0

0

0

-

0

0

100,100

-

23,082

1,417

17,951

42,626

41,445

5,832

-48,783

30,590

95,039

128,685

188,265

147,363

119,931

89,090

-25,994

-144,698

-131,236

-68,692

-19,521

47,469

75,387

149,890

125,263

75,323

0

0

0

Capital expenditures

0

-

0

0

0

-

0

0

740

-

713

715

524

457

302

231

483

706

954

1,037

805

493

330

214

168

216

427

573

614

1,095

874

828

834

540

0

0

0

Capital improvement to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

317

208

676

733

0

0

0

Cost of improvements to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received from the Shore Merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,375

0

0

0

-

-

-

-

-

-

-

-

101,539

0

0

0

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,039

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,778

2,934

0

0

0

Net cash used in investing activities

-131,955

-109,949

-127,786

-64,226

-23,911

-9,924

-32,985

-47,377

-88,240

-51,521

-23,065

-6,718

-28,026

-60,553

-71,399

-32,598

53,701

-22,005

-38,366

-70,597

-143,147

-65,661

-67,128

-82,240

30,569

119,782

99,468

69,724

19,031

-38,670

-48,812

-118,948

-93,751

-43,066

0

0

0

FINANCING ACTIVITIES:
Exercise of stock options

0

-

0

0

0

-

0

0

0

-

0

0

132

-

128

285

273

292

-260

323

94

299

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of vested shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-530

-484

0

0

0

-

-

-

-

Exercise of stock options and issuance of vested shares under employee benefit programs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Exercise of stock options and issuance of vested shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchase of treasury shares

0

-

-

-

0

-

-

-

-

-

-

-

-

24

110

350

360

359

279

137

127

144

132

92

103

111

158

122

169

122

90

75

17

33

0

0

0

Cash dividends paid to shareholders

2,864

2,593

2,572

2,427

2,281

2,120

2,377

1,873

1,774

1,690

1,202

1,202

800

399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in deposits

52,991

76,854

81,382

65,047

16,896

-58,557

-15,359

5,149

22,266

87,490

42,751

72,929

65,001

47,759

33,220

-6,603

-6,640

-31,004

-29,722

-21,778

-28,536

-10,275

-52,863

-73,216

-61,418

-69,137

25,946

34,528

52,365

83,826

15,592

25,963

8,768

-31,762

0

0

0

Increase (decrease) in short-term borrowings

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-32,400

-41,150

-15,300

0

-45,900

32,150

15,300

0

62,400

0

0

0

Net cash provided by (used in) financing activities

122,193

94,685

117,305

49,355

6,931

-9,314

18,878

47,877

40,548

33,497

7,702

-4,121

54,078

61,586

65,150

12,470

-74,190

2,718

14,127

49,246

38,170

-5,992

-52,434

-34,016

-60,882

-101,045

-9,911

24,453

57,546

43,108

48,180

41,613

9,169

30,940

0

0

0

Decrease in cash and cash equivalents

-3,122

-2,002

1,492

-537

-834

-1,910

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Disclosures of Cash Flow Information
Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-1,290

561

33,104

3,518

2,082

-2,714

3,042

-3,177

-5,507

-6,784

-97,150

-54,733

-103,443

-86,960

7,478

55,233

109,814

93,528

74,278

-1,150

-443

-73,478

-86,897

-2,515

0

0

0

Cash paid during the period for :
Cash paid during the period for -
Interest

13,674

12,387

10,905

9,763

8,539

7,617

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

0

5,313

-

4,927

4,790

4,706

4,697

4,703

4,572

4,553

4,634

4,467

4,516

4,454

4,429

4,604

4,745

4,959

5,279

5,619

6,106

6,659

7,128

0

0

0

Income taxes

4,017

6,108

4,528

3,724

5,356

3,226

3,874

4,869

1,755

3,220

3,506

4,006

5,357

4,590

4,170

4,056

4,515

4,170

3,784

2,463

1,007

784

686

1,194

1,193

1,751

0

0

0

-

-

-

-

1,774

0

0

0

Noncash items:
Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

455

454

454

264

141

1,533

2,499

2,499

2,357

0

0

0

-

-

-

-

2,590

0

0

0

-

-

-

-

-

-

-

-

Acquisition of Shore Community Bank in 2019 and New Jersey Community Bank in 2018
Noncash assets acquired:
Value of assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191,138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Value of liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

201,352

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired in full satisfaction of loans in foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0