THE FIRST OF LONG ISLAND CORPORATION FLIC Cash Flow

The first of long island corporation (FLIC)

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
9,148	9,187	10,783	10,744	10,841	10,090	10,057	10,315	11,111	7,566	9,342	9,133	9,081	7,518	7,998	7,729	7,635	6,618	6,511	6,276	6,485	5,459	6,054	5,544	5,957	5,175	5,179	5,307	5,639	5,051	4,787	5,404	5,151	4,728	5,286	4,673	4,770
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (credit) for loan losses
2,358	-246	314	422	-457	-2,302	-1,768	803	1,512	1,651	1,122	1,293	788	1,970	1,118	139	253	1,915	1,049	942	411	1,045	1,221	982	-59	1,162	1,080	947	-192	725	1,157	623	1,123	1,424	754	1,029	854
Provision for deferred income taxes
1,319	-742	-431	-551	512	190	1,711	-201	-3,301	2,412	-950	-993	645	1,135	-496	-223	817	-522	-779	170	250	-430	-335	262	-91	-583	-144	-261	187	1,965	206	458	206	165	631	-102	49
Depreciation and amortization of premises and equipment
1,014	1,072	978	1,041	987	1,037	1,028	1,086	917	1,027	864	889	824	821	808	742	848	759	711	752	791	731	681	697	746	692	711	710	711	716	670	695	735	642	651	666	708
Amortization of right of use asset - operating leases
547	543	539	536	522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium amortization on investment securities, net
-307	-315	-363	-302	-284	-256	-493	-499	-466	-675	-762	-770	-838	-990	-1,132	-960	-920	-981	-1,070	-1,224	-1,357	-1,441	-1,521	-1,637	-1,836	-2,044	-2,097	-2,290	-2,233	-2,197	-2,113	-2,381	-2,290	-1,792	-1,466	-1,088	-1,050
Net (gain) loss on sales of securities
-	-	-	-	-	-	-	-	-	-	-	1	57	0	24	1,844	0	-	-	-	-	0	23	49	69	12	0	0	4	0	0	3,505	108	16	0	0	122
Net loss on sales of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	-25	-25	-25
Stock-based compensation expense
251	986	396	373	1,295	288	265	133	1,128	509	594	584	747	201	402	406	508	266	307	306	440	618	280	264	349	182	192	82	136	173	208	159	242	197	177	159	223
Common stock issued in lieu of cash for director fees
-	-	-	-	-	-	16	15	16	-	14	14	13	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of cash surrender value on bank-owned life insurance
561	561	546	552	535	545	564	537	488	411	412	396	349	223	242	233	234	214	218	217	230	130	130	129	131	134	129	128	129	128	127	127	118	124	124	127	127
Pension expense (credit)
-65	101	101	101	101	-80	-80	-79	-80	-30	-29	-30	-29	1,523	4	13	-4	122	122	123	122	119	117	118	117	-107	-106	-106	-106	5,850	-174	-174	-174	4,009	-191	-191	-191
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-238	-	-	-	-230	-	-219	-195	-385
Decrease in other liabilities
-5,367	2,086	-304	561	-2,381	1,571	-13	2,922	-478	701	831	-3,125	2,624	-1,219	1,044	586	-3,724	-1,727	1,502	-31	-861	-366	1,336	48	-1,173	-343	1,469	1,744	15	-405	1,153	103	-296	16	776	1,122	-475
Other increases in assets
424	-478	-845	203	199	-1,233	1,655	-1,260	-1,944	4,306	-770	-1,732	2,408	1,942	-1,191	830	1,268	-364	-592	762	87	722	-1,459	1,040	-929	463	-439	-411	-949	1,378	-1,082	-421	-563	-146	30	1,072	1
Net cash provided by operating activities
8,527	13,118	13,063	12,836	10,970	15,961	14,450	16,216	12,747	11,693	12,892	9,870	12,717	7,800	12,832	9,193	5,764	8,127	10,623	8,488	8,434	7,773	11,698	8,160	8,177	7,829	11,000	10,968	9,889	3,038	11,423	10,368	10,192	4,162	10,022	7,847	7,530
Cash Flows From Investing Activities:
Available-for-sale securities:
Proceeds from sales
-	-	-	-	-	-	-	-	-	86,618	9,066	0	40,011	0	21,058	40,989	0	-	-	-	-	0	70	667	2,653	404	0	0	1,376	0	0	97,579	5,108	240	0	0	4,370
Proceeds from maturities and redemptions
18,840	61,200	37,198	34,069	18,747	14,487	20,578	22,542	17,032	19,505	22,558	24,178	34,753	31,554	28,286	26,277	22,369	18,636	28,078	35,183	25,003	27,278	26,032	24,894	23,787	27,365	33,335	39,688	36,868	36,718	28,241	38,900	32,659	35,934	26,959	27,275	32,452
Purchases
9,916	50,924	26,385	16,070	2,526	61,123	198,925	14,166	122,960	109,056	16,367	12,796	6,666	32,585	31,370	137,936	65,438	10,072	70,847	55,849	9,893	13,443	5,465	54,251	10,000	15,386	16,371	34,549	81,887	76,156	15,505	10,488	67,022	96,209	124,643	100,134	17,600
Held-to-maturity securities:
Proceeds from sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	440	756	1,227	0	0	0	722	0	0	0	0	-	-	-	-
Proceeds from maturities and redemptions
-	77	1,914	807	386	1,454	599	2,133	1,054	1,667	660	2,431	1,331	646	292	2,572	812	899	981	2,611	988	2,313	2,007	2,024	2,496	3,465	2,405	3,794	2,456	3,631	4,093	5,230	5,473	5,994	5,623	6,300	7,156
Purchases
-	-	-	-	-	104	1,857	760	338	-	-	-	-	-	-	-	-	-	-	-	-	298	0	416	100	143	140	133	273	73	280	0	47	62	410	0	0
Proceeds from sales of loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	444	0	0	100	0	1,176	0	0	0	2,025	340	900	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans, loans held-for-sale and other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	427	0	-	-	-	-	-	-	-	-
Net decrease in loans
-64,518	-8,564	-24,227	-31,878	-8,899	42,995	-32,130	119,763	184,761	119,911	63,360	98,775	129,862	101,628	91,333	44,446	60,954	145,578	131,483	89,287	78,579	145,856	90,422	82,240	11,380	62,168	144,292	108,893	17,298	15,036	60,322	57,016	31,626	20,620	19,533	7,563	37,297
Proceeds from sale of other real estate owned
-	-	-	-	-	-	0	0	5,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in restricted stock
-675	765	2,250	-1,527	-11,275	2,745	1,282	3,475	-4,130	8,633	-1,849	1,347	-2,580	4,657	4,032	2,582	-7,943	7,261	2,396	-801	-3,725	5,625	-1,364	3,224	-4,050	1,980	4,950	-75	-90	3,690	-563	-2,082	-225	4,051	225	574	-721
Purchases of premises and equipment, net
643	731	577	766	801	2,479	754	1,165	1,289	3,682	2,203	1,856	1,150	3,179	1,284	1,283	1,504	1,654	1,126	1,435	1,274	1,157	1,967	1,504	1,611	585	914	747	770	1,568	1,268	576	2,158	689	825	1,479	641
Purchases of bank-owned life insurance
-	-	-	-	-	-	0	0	20,000	-	0	0	25,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
73,474	39,364	32,713	51,290	35,980	5,215	20,120	-114,654	-302,007	-133,700	-48,312	-89,693	-84,003	-109,133	-78,383	-117,573	-96,672	-137,947	-175,617	-43,212	-60,030	-153,658	-65,916	-112,947	12,022	-49,028	-130,927	-100,338	-58,716	-55,596	-44,378	75,961	-57,388	-79,463	-111,519	-76,175	-10,839
Cash Flows From Financing Activities:
Net increase in deposits
29,821	-82,807	-86,756	6,370	222,237	-75,537	-73,389	30,249	381,652	-38,341	44,730	68,014	138,877	-16,167	29	68,852	271,328	-19,897	95,907	76,943	146,697	27,964	48,214	40,843	85,876	-1,467	17,279	100,812	32,428	27,794	44,040	57	58,317	-1,149	54,911	92,696	63,472
Net decrease in short-term borrowings
-130,111	39,085	50,463	-34,014	-253,747	96,747	36,269	83,130	-108,364	189,222	-44,098	-3,467	-67,528	105,490	43,856	45,856	-199,692	148,402	26,642	27,280	-127,308	71,757	-7,036	61,987	-100,685	-21,384	52,316	-25,949	1,846	80,379	-13,043	-61,401	-4,528	79,642	8,716	-4,311	-43,410
Proceeds from long-term debt
120,000	0	0	34,500	14,445	0	0	0	39,680	4,985	24,600	31,050	11,000	0	20,000	0	23,500	8,850	30,750	12,387	42,225	50,000	0	0	10,000	54,000	60,000	26,000	0	-	-	-	-	-	-	-	-
Repayment of long-term debt
5,000	23,000	0	40,500	10,000	41,000	11,500	22,500	26,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,000	5,000	5,000
Proceeds from issuance of common stock, net of shares withheld
-940	-204	190	627	807	760	1,163	8,535	7,319	7,816	6,733	4,555	3,884	3,246	2,305	36,732	1,429	1,586	850	803	631	502	566	0	1,117	547	559	52	1,009	563	501	472	470	0	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	0	57	96	-	0	468	136	128	308	250	220	183	221	56	247	289	319	31	416	317	301	131	669	420	768	473	942	126	434	117	602
Shares withheld upon the vesting and conversion of RSUs
-	-	-	-	-	-	-34	-11	-722	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from stock compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	6	158	-	42	3	143	54	49	8	51	30	18	-5	92	46	0	24	69
Repurchase of common stock
5,937	6,682	10,875	5,283	15,331	-	-	-	-	-	0	0	527	-	0	0	370	0	0	0	287	165	0	0	121	0	0	0	95	113	94	0	162	32	0	0	153
Cash dividends paid
8,594	4,359	4,188	0	8,702	4,323	3,803	3,754	3,705	3,656	3,375	3,354	3,318	3,293	3,115	2,849	2,821	2,809	2,659	2,652	2,639	2,582	2,390	2	4,762	2,370	2,271	-1	2,264	4,488	2,050	2,041	2,023	2,021	1,928	1,925	1,916
Net cash used in financing activities
-761	-77,402	-51,104	-38,927	-50,291	-24,280	-51,294	95,706	289,506	151,799	18,590	88,366	82,524	89,404	63,383	117,085	93,594	136,091	151,771	40,239	59,724	147,577	39,715	102,862	-8,016	29,697	128,233	101,055	33,644	54,585	32,640	-81,257	53,108	76,612	65,133	104,101	13,664
Net increase (decrease) increase in cash and cash equivalents
81,240	-24,920	-5,328	25,199	-3,341	-3,104	-16,724	-2,732	246	29,792	-16,830	8,543	11,238	-11,929	-2,168	8,705	2,686	6,271	-13,223	5,515	8,128	1,692	-14,503	-1,925	12,183	-11,502	8,306	11,685	-15,183	2,027	-315	5,072	5,912	1,311	-36,364	35,773	10,355
Supplemental Cash Flow Disclosures:
Cash paid for interest
9,806	10,359	11,021	11,244	10,896	10,013	9,541	8,629	7,091	5,975	5,562	5,136	4,872	4,628	4,482	4,622	7,426	5,699	4,153	4,350	4,159	3,957	3,538	3,769	4,419	3,160	2,635	2,588	2,522	3,572	3,416	4,110	4,280	4,298	4,135	3,917	4,047
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	3,460	3,445	5,673	260	3,310	839	4,163	694	2,465	1,065	3,960	575	1,981	892	2,883	444	2,223	1,116	2,862	124	348	113	2,050	363	785	574	2,295	462
Operating cash flows from operating leases
657	656	634	545	712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities
196	0	0	770	15,713	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred from portfolio to held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,800	400	900	0	0	425	0	550	100	250	0	0	610	0