Fncb bancorp, inc. (FNCB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

11,075

13,349

147

-

-

-

-

-

-

-

-

Net income

-

-

-

6,309

35,840

13,420

6,382

-13,711

-335

-31,720

-44,316

Adjustments to reconcile net income to net cash provided by operating activities:
Investment securities amortization, net

-746

-824

-931

-1,165

-1,423

-1,356

-487

1,628

1,293

2,365

3,680

Equity in trust

13

12

9

7

6

6

6

7

4

6

5

Depreciation and amortization

2,987

2,968

2,516

2,604

1,703

1,470

1,265

-

-

-

-

Valuation adjustment for loan servicing rights

2

-

-6

5

0

0

-

-

-

-

-

Provision for off balance sheet commitments

-

-

-

-

-

-

-

-

-

-

604

Provision for deferred taxes

-

-

-

-

-

-

-

-

-

3,512

1,620

Stock-based compensation expense

405

279

301

265

316

170

61

46

0

-

-

Depreciation and amortization

-

-

-

-

-

-

-

1,249

1,338

1,601

1,811

Stock based compensation - Stock Option Plans

-

-

-

-

-

-

-

-

-

-

158

Provision (credit) for loan and lease losses

797

2,550

769

1,153

-1,345

-5,869

-6,270

4,065

523

25,041

42,089

Valuation adjustment for off-balance sheet commitments

448

-127

133

-51

-117

-94

-246

358

-423

-678

-

Net gain on the sale of available-for-sale debt securities

1,227

-4

1,597

960

2,296

6,272

2,887

-1,712

5,114

-1,714

890

Net gain on equity securities

29

-27

-

-

-

-

-

-

-

-

-

Gain on the sale of held-to-maturity securities

-

-

-

-

-

368

-

0

-

-

-

Other-than-temporary-impairment loss

-

-

-

-

-

-

-

96

798

4,271

20,649

Net gain on the sale of mortgage loans held for sale

253

210

304

340

292

292

362

859

755

1,198

1,481

Net gain on the sale of SBA guaranteed loans

-

322

79

51

0

0

-

-

-

-

-

Loss (gain) on the disposition of bank premises and equipment and other assets

-

-

-

-

-

-

579

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

8,134

Net gain on the sale of other real estate owned

20

31

79

49

162

209

135

305

2,528

403

309

Valuation adjustment of other real estate owned

85

102

307

169

208

2,200

223

1,206

2,318

-

-

Net gain on the sale of other repossessed assets

-

-

47

0

0

-

-

-

-

-

-

Loss on the sale of classified loans

-

-

-

-

-

-

223

0

0

-

-

Loss on the sale of education loans

-

-

-

-

-

13

-

0

-

-

-

Gain on branch divestitures

-

-

-

-

-

607

-

-

-

-

-

Gain on the sale of bank premises and equipment and other assets

-

-

-

-

-

-

-

-

20

-

-

Gain on branch divestitures

-

-

-

-

-

-

-

0

0

-60

-

Loss on the disposition of bank premises and equipment

35

328

64

0

0

232

-

142

-

-

-

Gain on bank-owned life insurance settlement

114

-

-

-

-

-

-

-

-

-

-

Recovery of other real estate owned

-

-

-

-

-

-

-

-

-

5,906

434

Write-down of premises and equipment

-

-

-

-

-

-

-

-

-

1,196

-

Income from bank-owned life insurance

520

555

527

552

564

650

706

692

787

740

-

Income from bank owned life insurance

-

-

-

-

-

-

-

-

-

-

890

Proceeds from the sale of mortgage loans held for sale

9,900

9,819

12,737

9,817

8,210

8,555

12,944

27,017

28,573

44,837

62,651

Funds used to originate mortgage loans held for sale

9,887

9,334

12,932

9,390

7,998

8,046

11,787

27,679

26,638

46,754

62,259

Decrease in net deferred tax assets

-2,396

-5,835

-11,037

-1,613

27,684

0

-

-

-

-

-

Increase in accrued interest receivable

-380

380

477

282

400

-116

-8

-353

-567

-1,126

-441

Decrease in refundable federal income taxes

-

-

-

-

-

-

-11,592

25

-797

187

12,222

Decrease (increase) in prepaid expenses and other assets

2,107

2,347

138

-496

-917

-169

-4,209

4,520

-4,170

1,129

6,947

Increase in accrued interest payable

-80

97

-1

-10,923

903

1,530

2,305

2,126

1,538

-117

-1,152

Decrease in director indemnification liability

-

-2,553

-

-

-

-

-

-

-

-

-

(Decrease) increase in accrued expenses and other liabilities

-354

2,839

-979

-558

-4,195

1,694

1,713

12

569

1,825

-76

Total adjustments

3,577

9,801

11,620

-5,876

-31,379

-4,908

12,052

2,667

3,629

37,512

48,680

Net cash provided by operating activities

14,652

23,150

11,767

433

4,461

-

-

-

-

-

-

Cash flows from investing activities:
Net cash provided by (used in) operating activities

-

-

-

-

-

8,512

18,434

-11,044

3,294

5,792

4,364

Maturities, calls and principal payments of available-for-sale debt securities

11,051

6,676

8,895

6,264

8,615

8,331

14,596

33,170

29,449

51,145

35,461

Proceeds from the sale of available-for-sale debt securities

128,233

4,559

132,240

-

-

-

-

-

-

-

-

Purchases of available-for-sale debt securities

105,995

22,256

154,686

-

-

-

-

-

-

-

-

Proceeds from the sale of securities available for sale

-

-

-

32,588

88,658

111,243

53,787

46,099

122,640

36,619

37,222

Proceeds from the sale of securities held to maturity

-

-

-

-

-

2,686

-

0

-

-

-

Purchases of securities available for sale

-

-

-

60,302

133,269

123,380

99,432

63,279

63,409

89,442

84,174

Purchase of Federal Reserve Bank Stock

-

-

-

-

-

-

-

90

0

336

269

Payment of liability for securities purchased not settled

-

-

-

-

-

-

-

5,120

0

-

-

(Purchase) redemption of the stock in Federal Home Loan Bank of Pittsburgh

681

360

-558

-3,033

3,541

657

-3,811

-2,442

-

-

-

Net increase in loans to customers

-7,737

77,924

41,519

-1,351

0

0

-

-

-

-

-

Redemption of the stock of the Federal Home Loan Bank of Pittsburgh

-

-

-

-

-

-

-

-

1,912

543

-

Net increase in loans to customers

-

-

-

5,656

68,665

25,321

47,490

-67,743

-73,540

-111,010

10,404

Proceeds from the sale of SBA guaranteed loans

-

6,032

979

1,315

0

0

-

-

-

-

-

Proceeds from the sale of classified loans

-

-

-

-

-

-

3,275

6,836

0

-

-

Proceeds from the sale of education loans

-

-

-

-

-

2,537

-

0

-

-

-

Proceeds from the sale of indirect loans

-

-

-

-

-

-

-

-

-

36,501

-

Proceeds from the sale of other real estate owned

821

470

870

1,928

758

1,737

1,668

3,660

6,880

5,996

381

Proceeds received from bank-owned life insurance settlement

419

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of bank premises and equipment

-

-

-

-

-

2,505

1,831

-

-

-

-

Purchases of bank premises and equipment

-

-

-

-

-

-

-

1,601

893

-

-

Proceeds from the sale of bank premises and equipment

-

-

-

-

-

-

-

0

32

-

-

Proceeds received from sale of bank premises and equipment

16

-

-

-

-

-

-

-

-

59

-4,377

Proceeds from the sale of other repossessed assets

-

-

280

0

0

-

-

-

-

-

-

Purchases of bank premises and equipment

4,540

6,015

1,093

861

1,419

1,217

810

-

-

1,239

-

Net cash (used in) provided by investing activities

37,061

-88,818

-53,476

-20,340

-108,863

-

-

-

-

-

-

Cash flows from financing activities:
Net cash provided by investing activities

-

-

-

-

-

-21,536

-68,764

89,860

170,151

150,856

-26,160

Net decrease in deposits

-93,920

93,181

-12,691

193,593

26,210

-88,936

30,085

-102,523

-25,300

7,981

63,112

Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight

7,500

6,600

-

-60,500

60,500

0

-

-

-

-

-

Net decrease in time deposits

-

-

-

-

-

-

-

-

-

-97,153

55,603

Proceeds from issuance of subordinated debentures

-

-

-

-

-

-

-

-

-

1,900

23,100

Proceeds from Federal Home Loan Bank of Pittsburgh advances - term

70,000

73,929

59,804

46,915

151,300

194,235

32,250

0

60,000

27,000

192,330

Repayment of Federal Home Loan Bank of Pittsburgh advances - term

49,521

106,567

73,373

63,680

137,192

160,164

23,720

29,668

113,626

108,943

227,058

Principal reduction on subordinated debentures

5,000

-

-

-

-

-

-

-

-

-

-

Principal reduction on subordinated debentures

-

-

5,000

4,000

11,000

0

-

-

-

-

-

Repayment of other borrowed funds

-

-

-

-

-

-

-

-

-407

180

-16,103

Proceeds from issuance of common shares, net of discount

21,342

117

446

433

0

0

-

-

29

528

1,650

Discount on optional cash purchase plan

-

-

-

0

0

-

-

-

-

-

-

Cash dividends paid

4,030

2,857

2,176

1,492

0

0

-

-

-

-

-

Net cash provided by (used in) financing activities

-53,629

64,403

-32,990

111,269

89,818

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-1,916

-1,265

-74,699

91,362

-14,584

-

-

-

-

-

-

Proceeds from issuance of common shares - share option plans

-

-

-

-

-

-

-

-

-

-

93

Dividends paid

-

-

-

-

-

-

-

-

-

-

2,738

Net cash provided by (used in) financing activities

-

-

-

-

-

-54,865

38,615

-132,191

-79,304

-168,507

89,989

Net decrease in cash and cash equivalents

-

-

-

-

-

-67,889

-11,715

-53,375

94,141

-11,859

68,193

Supplemental cash flow information
Interest

9,876

8,481

4,801

-

-

-

-

-

-

-

-

Interest

-

-

-

15,120

3,898

4,617

4,871

7,092

12,329

21,985

26,514

Income taxes

-

23

210

10

22

308

-11,592

0

-800

-3,324

1,864

Other transactions:
Lease liabilities arising from obtaining right-of-use assets

92

-

-

-

-

-

-

-

-

-

-

Bank premises and equipment transferred to other real estate owned

-

291

-

-

-

-

-

-

-

-

-

Loans transferred to other real estate owned and repossessed assets

-

146

80

-

-

-

-

-

-

-

-

Investor loans transferred to other real estate owned

256

-

-

1,210

3,697

13

255

1,586

-

-

-

Government guarantee receivable on loans transferred to other real estate owned or other assets

-

-

-

0

-1,980

0

-

-

-

-

-

Securities purchased, not settled

-

-

-

-

-

-

-

-

5,120

-

-

Principal balance of loans transferred to other real estate owned

-

-

-

-

-

-

-

-

3,995

9,928

11,717

Transfer of loans held for sale to loans

-

-

-

-

-

-

-

-

-1,289

-

-

Transfer from loans held for sale to other assets

-

-

-

-

-

-

-

-

698

749

-

Transfer of bank premises and equipment to other real estate owned

-

-

-

-

-

-

-

0

0

-

2,335

Change in deferred gain on sale of other real estate owned

-

-

-7

-8

14

26

55

0

0

-

-