FNCB BANCORP, INC. FNCB Cash Flow

Fncb bancorp, inc. (FNCB)

CashFlow / TTM

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
10,503	11,075	14,655	14,102	13,965	13,349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	7,363	6,309	33,994	34,314	33,508	35,840	6,600	7,621	13,382	13,420	15,495	14,024	8,164	6,382	-720	-9,128	-10,815	-13,711	-8,217	-2,130	-974	-335	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Investment securities amortization, net
-654	-746	-830	-855	-848	-824	-782	-761	-849	-931	-1,041	-1,155	-1,151	-1,165	-1,130	-1,099	-1,244	-1,423	-1,576	-1,636	-1,524	-1,356	-1,200	-1,164	-989	-487	80	853	1,435	1,628	1,670	1,369	1,363	1,293	0	0	0
Equity in trust
13	13	13	13	12	12	11	11	10	9	9	7	7	7	6	7	7	6	7	6	6	6	5	6	6	6	9	8	7	7	4	5	4	4	0	0	0
Depreciation and amortization
2,929	2,987	3,136	3,170	3,096	2,968	2,658	2,540	2,509	2,516	2,615	2,581	2,633	2,604	2,508	2,257	1,995	1,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation adjustment for loan servicing rights
24	2	0	0	0	-	-	-	-	-6	1	1	1	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
400	405	410	282	274	279	282	271	299	301	304	303	309	265	332	335	305	316	284	243	201	170	126	98	71	61	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,253	1,248	1,304	1,249	1,095	1,207	1,232	1,338	0	0	0
Provision (credit) for loan and lease losses
2,102	797	631	1,143	1,676	2,550	3,032	2,426	1,967	769	781	4	-21	1,153	-147	-104	-155	-1,345	-580	-443	-4,793	-5,869	-9,514	-10,619	-6,616	-6,270	-1,696	3,255	2,977	4,065	1,852	-2,402	-1,357	523	0	0	0
Valuation adjustment for off-balance sheet commitments
429	448	229	6	-96	-127	-1	60	114	133	36	16	9	-51	-154	-110	-147	-117	80	54	-2	-94	-215	-274	-238	-246	-208	-5	302	358	163	-45	-254	-423	0	0	0
Net gain on the sale of available-for-sale debt securities
1,216	1,227	0	0	0	-	-	-	-	1,597	1,338	971	1,135	960	954	958	175	2,296	2,936	5,890	7,296	6,272	5,967	3,826	3,245	2,887	750	21	-878	-1,712	0	0	0	-	-	-	-
Net gain on equity securities
31	29	38	25	4	-27	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of held-to-maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	368	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Net gain on the sale of mortgage loans held for sale
293	253	237	239	217	210	234	269	328	304	343	336	297	340	461	375	320	292	138	182	257	292	344	342	327	362	361	555	726	859	1,054	947	823	755	0	0	0
Net gain on the sale of SBA guaranteed loans
-	-	-	-	-	322	322	345	330	79	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on the sale of other real estate owned
-	-	-	-	-	31	53	53	66	79	77	109	105	49	46	143	152	162	251	157	185	209	144	114	151	135	139	240	309	305	252	115	-7	2,528	0	0	0
Valuation adjustment of other real estate owned
-	-	-	-	-	102	89	84	324	307	0	0	0	-	-	-	-	208	209	560	2,159	2,200	2,165	1,888	276	223	0	0	0	-	-	-	-	-	-	-	-
Net gain on the sale of other repossessed assets
-	-	-	-	-	-	-	-	-	47	47	47	57	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the sale of education loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the sale of education loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Gain on the sale of bank premises and equipment and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on branch divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Loss on the disposition of bank premises and equipment
-	-	-	-	-	-	-	-	-	64	63	63	41	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Income from bank-owned life insurance
518	520	536	543	552	555	541	529	526	527	525	533	541	552	575	583	575	564	569	589	618	650	671	682	701	706	700	694	679	692	715	745	776	787	0	0	0
Proceeds from the sale of mortgage loans held for sale
11,024	9,900	9,186	9,020	8,799	9,819	10,425	11,367	13,769	12,737	14,441	12,770	9,897	9,817	11,820	10,100	8,891	8,210	3,731	5,037	7,116	8,555	10,512	11,297	10,926	12,944	12,315	16,624	22,820	27,017	33,019	30,178	25,412	28,573	0	0	0
Funds used to originate mortgage loans held for sale
10,591	9,887	9,151	8,571	8,825	9,334	10,982	11,110	13,244	12,932	14,060	12,489	9,708	9,390	11,502	10,149	9,026	7,998	3,464	4,569	6,790	8,046	9,455	10,448	9,821	11,787	12,266	16,992	21,155	27,679	67,783	29,719	27,411	26,638	0	0	0
Decrease in net deferred tax assets
-2,293	-2,396	-6,101	-5,970	-5,966	-5,835	-9,846	-10,255	-10,655	-11,037	-2,509	-2,442	-2,193	-1,613	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued interest receivable
-319	-380	-1,023	-14	276	380	858	870	480	477	467	273	96	282	118	337	736	400	460	-98	-472	-116	-162	-165	-28	-8	-557	872	-43	-353	362	-1,235	-427	-567	0	0	0
Decrease in refundable federal income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-797	0	0	0
Decrease (increase) in prepaid expenses and other assets
-1,237	2,107	6,164	6,169	6,152	2,347	-2,906	-778	-460	138	1,299	11	4	-496	-150	-1,577	-1,691	-917	-1,062	-30	-298	-169	273	-176	352	-4,209	1,958	509	172	4,520	864	-145	-1,469	-4,170	0	0	0
Increase in accrued interest payable
-78	-80	83	58	55	97	74	96	59	-1	-50	-76	-108	-10,923	-10,893	-11,033	-10,455	903	672	1,391	1,488	1,530	2,281	2,367	2,299	2,305	2,373	3,041	2,109	2,126	2,085	1,113	1,847	1,538	0	0	0
(Decrease) increase in accrued expenses and other liabilities
-1,505	-354	2,525	3,002	3,389	2,839	396	-90	22	-979	-1,166	-1,196	-623	-558	-2,918	-2,861	-2,800	-4,195	-194	-803	-5,406	1,694	2,942	3,069	7,609	1,713	588	-1,437	-1,142	12	-1,415	684	551	569	0	0	0
Total adjustments
7,152	3,577	7,500	8,018	5,610	9,801	14,757	12,241	14,774	11,620	2,637	3,451	3,650	-5,876	-37,788	-37,873	-37,684	-31,379	465	-1,823	-10,415	-4,908	-6,747	5,529	12,333	12,052	11,395	3,502	6,299	2,667	0	0	0	-	-	-	-
Net cash provided by operating activities
17,655	14,652	22,155	22,120	19,575	23,150	14,924	12,830	14,743	11,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,176	-	7,065	5,798	2,967	8,512	8,748	19,553	20,497	18,434	10,675	-5,626	-4,516	-11,044	-7,878	-2,359	-3,427	3,294	0	0	0
Maturities, calls and principal payments of available-for-sale debt securities
13,686	11,051	8,455	6,712	6,572	6,676	7,915	7,805	9,211	8,895	6,947	7,536	5,637	6,264	6,261	6,084	8,024	8,615	9,692	10,299	9,065	8,331	8,475	9,678	12,517	14,596	18,395	22,248	28,390	33,170	34,168	33,961	31,196	29,449	0	0	0
Proceeds from the sale of available-for-sale debt securities
111,078	128,233	0	0	0	-	-	-	-	132,240	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for-sale debt securities
0	-	-	-	-	22,256	39,442	92,986	135,137	154,686	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	32,588	42,481	47,786	58,902	88,658	111,426	146,134	136,129	111,243	81,303	52,179	47,728	53,787	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,686	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	60,302	58,081	79,879	123,629	133,269	147,894	172,676	106,053	123,380	113,963	62,564	82,608	99,432	115,918	117,465	97,382	63,279	0	0	0	-	-	-	-
(Purchase) redemption of the stock in Federal Home Loan Bank of Pittsburgh
1,104	681	861	-3,346	-2,583	360	873	5,672	3,015	-558	-291	-2,937	-1,254	-3,033	-1,557	2,535	871	3,541	-58	-1,655	519	657	1,806	798	-2,539	-3,811	0	0	0	-	-	-	-	-	-	-	-
Net increase in loans to customers
-1,104	-7,737	-24,417	-37,387	35,251	77,924	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of education loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Redemption of the stock of the Federal Home Loan Bank of Pittsburgh
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,987	1,726	1,817	1,912	0	0	0
Net increase in loans to customers
-	-	-	-	-	-	-	-	-	-	35,347	3,474	-6,043	5,656	10,067	56,315	62,381	68,665	51,201	14,042	14,798	25,321	23,606	30,229	43,146	47,490	32,417	31,479	-59,376	-67,743	-48,104	-102,836	-66,341	-73,540	0	0	0
Proceeds from the sale of SBA guaranteed loans
-	-	-	-	-	6,032	6,032	6,377	6,185	979	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of education loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,537	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of other real estate owned
0	-	-	-	-	470	520	532	542	870	845	1,106	1,129	1,928	1,964	1,836	2,313	758	1,166	1,176	976	1,737	1,447	1,433	2,380	1,668	2,426	2,672	2,640	3,660	3,059	3,115	2,473	6,880	0	0	0
Purchases of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds received from sale of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from the sale of other repossessed assets
-	-	-	-	-	-	-	-	-	280	280	280	185	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of bank premises and equipment
3,983	4,540	5,076	3,716	4,069	6,015	5,059	4,835	3,403	1,093	1,337	1,352	1,366	861	620	975	926	1,419	1,410	1,204	1,355	1,217	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Net cash (used in) provided by investing activities
-21,178	37,061	70,673	55,045	-6,548	-88,818	-138,901	-162,272	-116,878	-53,476	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-118,568	-	-78,162	-28,655	23,446	-21,536	-36,526	-18,699	-48,893	-68,764	-25,070	-32,681	59,825	89,860	77,910	163,310	139,800	170,151	0	0	0
Net decrease in deposits
-38,528	-93,920	-131,061	5,821	84,837	93,181	111,909	22,493	31,827	-12,691	52,253	96,917	40,301	193,593	78,917	-29,535	108,014	26,210	48,846	95,130	-60,096	-88,936	-50,188	-59,035	11,887	30,085	-2,624	-7,000	-66,492	-102,523	-150,382	-126,391	-77,769	-25,300	0	0	0
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight
20,125	7,500	0	0	0	-	-	0	0	-	-	-72,210	1,350	-60,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term
71,522	70,000	62,713	47,192	54,776	73,929	99,060	110,843	73,194	59,804	43,835	44,498	51,794	46,915	46,106	111,042	154,150	151,300	142,947	169,865	183,247	194,235	0	0	0	-	-	-	-5,313	0	0	-22,210	-11,491	60,000	0	0	0
Repayment of Federal Home Loan Bank of Pittsburgh advances - term
-	49,521	44,645	97,980	102,948	106,567	97,920	52,015	62,766	73,373	57,322	48,156	71,023	63,680	60,827	122,322	150,801	137,192	138,175	189,472	150,169	160,164	162,662	57,108	27,604	23,720	27,658	7,963	26,885	29,668	19,290	7,617	49,994	113,626	0	0	0
Proceeds from Federal Reserve Bank Discount Window advances
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal reduction on subordinated debentures
-	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-407	0	0	0
Proceeds from issuance of common shares, net of discount
41	21,342	21,341	21,349	21,374	117	102	81	273	446	632	776	665	433	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Discount on optional cash purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
4,134	4,030	3,862	3,527	3,192	2,857	2,687	2,516	2,347	2,176	2,004	1,833	1,662	1,492	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
16,325	-53,629	-85,614	-68,385	5,522	64,403	110,464	144,406	89,606	-32,990	28,394	15,992	17,425	111,269	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
12,802	-1,916	7,214	8,780	18,549	-1,265	-13,513	-5,036	-12,529	-74,699	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,118	64,523	-27,018	-54,865	-18,615	-3,958	34,033	38,615	1,968	-20,700	-98,690	-132,191	-144,864	-126,008	-132,373	-79,304	0	0	0
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-19,161	-	-8,979	41,666	-605	-67,889	-46,393	-3,104	5,637	-11,715	-12,427	-59,007	-43,381	-53,375	-74,832	34,943	4,000	94,141	0	0	0
Supplemental cash flow information
Interest
9,177	9,876	10,124	10,131	9,624	8,481	7,244	6,064	5,247	4,801	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	15,120	15,025	15,097	14,847	3,898	4,661	4,426	4,501	4,617	4,032	4,257	4,593	4,871	5,210	5,679	6,393	7,092	7,843	8,925	11,947	12,329	0	0	0
Income taxes
-	-	-	-	-	23	28	106	228	210	215	132	10	10	0	0	0	-	-	-	-	308	228	-11,477	-11,567	-11,592	-11,582	-25	-25	0	0	0	0	-	-	-	-
Other transactions:
Lease liabilities arising from obtaining right-of-use assets
95	92	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale securities purchased, not settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Investor loans transferred to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,697	149	149	162	13	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Transfer from loans to other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Settlement of security recorded on trade date
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Principal balance of loans transferred to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Transfer of loans held for sale to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Transfer from loans held for sale to other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Change in deferred gain on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-15	-19	-8	45	20	35	14	-27	16	15	26	82	67	57	55	0	0	0	-	-	-	-	-	-	-	-