FIRST UNITED CORP/MD/ FUNC Cash Flow

First united corp/md/ (FUNC)

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
Operating activities
Net income
1,755	2,883	4,493	2,602	3,151	2,382	2,763	3,016	2,506	-1,032	2,012	2,309	1,980	1,421	2,285	1,704	1,871	8,500	1,948	1,175	1,368	1,659	1,340	1,240	1,358	875	1,836	1,842	1,922	2,804	2,875	1,649	-2,665	850	686	1,133	957
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
2,654	651	-13	333	349	924	471	269	447	725	901	299	609	914	294	1,346	568	428	500	52	74	884	688	577	364	541	-1,107	81	865	114	40	1,112	8,124	3,218	1,334	3,261	1,344
Depreciation
813	797	789	773	756	687	631	569	548	501	476	462	459	447	403	417	426	461	435	434	438	467	477	489	505	502	515	517	509	496	491	490	515	548	565	596	640
Stock compensation
98	68	66	67	67	66	67	63	53	54	53	48	37	48	48	48	48	47	47	48	49	39	39	33	23	22	23	24	19	21	21	18	13	13	13	20	32
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	67	67	67
Gain on sales of Insurance assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	88	0	0	0	0
Gains on sales of other real estate owned
10	98	51	-19	30	-9	86	163	20	56	515	44	30	49	9	64	67	35	640	51	27	-23	49	-995	25	125	18	55	7	327	-14	59	623	529	-200	-51	7
Write-downs of other real estate owned
26	319	312	711	117	700	178	183	295	-153	458	23	70	120	269	88	9	795	350	346	506	35	442	72	371	190	2,852	17	20	1,211	278	0	0	111	923	889	63
Origination of loans held for sale
8,476	-	-	-	2,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans held for sale
8,539	-	-	-	2,627	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of loans held for sale
-	-	-	-	-	-	2,862	2,029	5,137	-	2,495	3,030	1,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans held for sale
-	-	-	-	-	-	2,509	1,490	5,330	-	2,636	1,879	2,021	-	2,508	4,529	1,801	1,498	2,166	1,984	785	1,634	2,208	1,255	849	2,409	2,642	6,736	11,313	8,443	9,330	6,157	1,462	3,216	2,342	5,048	0
Gains on sales of loans held for sale
59	63	42	25	20	14	19	12	43	27	16	17	15	29	18	36	12	17	16	22	2	15	19	10	8	22	23	52	79	53	55	39	20	26	19	60	-19
Loss on disposal of fixed assets
-18	-	-	-	-	-	-	-	-	4	0	0	-1	-9	-5	7	-2	-1	0	0	-2	-55	0	0	-3	-1	-22	-2	0	0	-26	-62	-4	2	1	-6	-3
Net amortization of investment securities discounts and premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-302	-395	-383	-391	-416	-375	-475	-295	-405	-610
Net amortization of investment securities discounts and premiums- AFS
4	2	-3	-5	3	3	9	19	8	-	7	14	109	-	111	130	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization/(accretion) of investment securities discounts and premiums- HTM
45	61	33	32	-12	24	-7	12	28	-	20	0	30	-	67	15	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary-impairment loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	19
Losses on sales/calls of investment securities – available-for-sale
-	-	-	-	-6	-3	-10	135	-9	-5	-27	-8	-9	-19	232	21	206	900	79	80	-97	-34	147	-86	-68	-46	-103	-23	250	983	-37	0	599	299	310	421	-155
Earnings on bank owned life insurance
303	-	-	-	303	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267	655	249	245	243	282	254	250	249	258	256	293	971	261	260	255	254
Earnings on bank owned life insurance
-	-	-	-	-	-	288	285	299	-	294	291	309	-	295	516	319	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
318	324	275	195	141	180	207	202	156	195	130	-88	385	126	113	133	122	146	176	146	86	162	145	143	75	113	164	74	191	175	178	149	127	179	121	154	139
Amortization of operating lease asset
71	71	70	71	65	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued interest receivable and other assets
6,956	-	-	-	1,824	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued interest receivable and other assets
-	-	-	-	-	-	1,578	874	799	-	4,222	693	1,933	5,390	-396	1,640	-1,162	-1,585	-1,185	1,646	-3,099	-4,764	-244	-175	-1,810	2,640	-308	-4,630	810	-28	-204	-772	-781	-6,704	-238	-2,555	-2,090
Deferred tax expense/(benefit)
-1	528	-1,483	1	1	-1,115	-967	232	512	-7,600	-289	-1,032	-336	-1,799	-336	945	-927	-3,478	-109	-1,967	1,699	-640	6	-170	168	-1,289	1	1	-1	-1,854	-55	40	1,469	146	39	40	1,313
Operating lease liability
-75	-74	-73	-73	-67	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase/(decrease) in accrued interest payable and other liabilities
5,842	1,591	-25	450	-1,116	714	-1,103	1,236	967	2,826	56	1,473	-831	4,677	-88	-40	-161	-1,006	-272	1,627	-1,492	-7,381	-331	3,103	-8,457	1,835	948	1,138	364	363	431	1,240	-3,076	4,332	-15	855	-1,126
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,459	346	4,142	13,112	3,315	3,570	2,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
3,669	10,298	4,201	894	997	10,689	1,455	2,925	3,225	9,739	-737	3,560	362	-	-	-	-	-	-	-	-	-	2,391	5,472	-4,440	2,750	5,273	8,144	2,509	5,478	4,374	5,179	174	14,876	3,556	41,778	2,826
Investing activities
Proceeds from maturities/calls of investment securities available-for-sale
18,089	18,876	3,449	1,979	2,249	1,770	3,060	4,399	1,659	1,844	1,842	10,638	3,554	5,160	5,844	15,482	11,901	3,307	4,212	25,206	9,295	3,429	21,572	86,436	14,283	8,731	6,455	7,324	13,381	16,555	14,496	31,097	8,414	19,079	32,332	8,674	20,230
Proceeds from maturities/calls of investment securities held-to-maturity
2,535	2,564	2,237	2,085	1,238	1,981	1,463	1,571	1,726	2,282	2,359	976	1,997	2,801	5,183	7,311	4,039	1,177	2,399	2,280	1,669	1,652	1,766	469	1,040	0	0	140	0	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	0	0	14,700	3,830	0	18,191	14,820	10,771	7,926	28,005	9,576	15,091	0	616	47,637	8,585	-5,673	15,033	0	35,136	20,157	15,609	0	10,454	21,563	33,718	7,067	22,048
Purchases of investment securities available-for-sale
17,421	-	-	-	-	0	1,985	0	1,405	0	21,549	14,902	4,145	-2	25,450	20,837	8,300	0	9,843	10,234	27,563	0	39,172	76,353	38,399	45,660	14,482	81,330	63,611	25,610	37,091	32,400	3,686	7,364	104,413	28,791	37,765
Purchases of investment securities held-to-maturity
-	0	1,375	4,078	2,754	-	-	-	0	0	0	1,311	2,877	1,643	5,907	3,535	0	0	1,393	1,056	1,260	4,154	1,165	1,256	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
92	1,362	545	11	859	166	1,178	1,167	470	610	1,928	391	147	349	1,018	297	950	320	4,534	824	512	624	922	3,162	1,583	1,129	484	1,100	1,765	2,243	762	269	2,708	2,456	1,372	1,657	532
Proceeds from disposal of fixed assets
-	-	-	-	-	-	-	-	-	937	7	0	1	0	-1	261	0	-	-	-	-	-	-	-	-	-	-	-	-	0	548	0	19	0	0	0	0
Proceeds from sale of insurance assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,604	0	0	0	0
Proceeds from BOLI
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	41	1,765	0	0	0	0
Net (increase)/decrease in restricted stock
53	0	0	42	-1,021	0	1,062	-1,020	148	0	0	0	-5	-672	0	0	-23	0	-1,276	42	-386	0	44	-49	-384	0	60	0	-496	-706	-624	-1,047	0	-	-	-	-
Net (increase)/decrease in loans
1,525	54,165	-6,333	-1,470	-2,897	69,673	22,446	4,101	19,868	5,369	-5,923	3,259	1,654	-15,631	-11,344	27,541	23,626	38,469	208	10,675	-1,916	19,436	3,529	13,793	6,460	-20,353	-2,967	-6,407	-2,777	-6,521	-6,504	2,005	-8,113	27,761	-12,113	608	-26,715
Purchases of loans
-	-	-	-	-	-	-	-	25,168	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
783	1,143	1,017	1,296	517	1,722	2,348	3,193	2,220	2,052	1,791	1,262	1,456	253	1,676	1,345	650	672	340	194	165	150	166	173	231	77	137	444	283	279	360	417	224	74	22	75	65
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,054	-9,950	-3,091	-24,888	30,808	12,175	666	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
934	-47,243	8,965	763	4,993	-44,599	-25,022	863	-44,954	-1,748	-11,281	5,971	-598	-	-	-	-	-	-	-	-	-	-16,992	48,533	-18,366	-18,786	14,323	-60,067	974	28,736	10,422	3,789	32,629	11,629	-22,086	-6,291	31,695
Financing activities
Net increase in deposits
30,363	5,244	13,706	-7,531	63,085	42,952	-16,545	23,257	-21,527	-2,078	3,756	10,844	12,639	-4,956	13,917	-10,562	17,036	2,453	-6,754	3,949	17,823	8,290	-5,707	-22,289	23,626	3,010	1,734	-3,141	-1,084	-26,509	7,053	-33,565	2,121	-38,436	-38,346	-23,014	-174,066
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	225	225	540	-	450	450	675	-	675	675	675	-	675	7,745	0	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock redemption
-	-	-	-	-	-	-	-	-	10,000	0	0	10,000	0	0	0	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
52	54	38	39	39	40	39	40	0	-158	0	0	9,349	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rights Offering costs
-	-	-	-	-	-	-	-	-	-	0	13	145	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends on common stock
925	926	920	640	639	0	637	639	635	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in short-term borrowings
-9,310	-1,617	19,190	-8,540	-38,012	-9,098	38,876	-7,281	6,365	3,030	20,591	-10,045	-731	215	15,428	-9,197	-6,274	-2,632	10,208	-6,324	-5,225	-8,193	10,081	-5,704	-59	-15,430	8,152	12,321	-624	-13,110	23,465	-6,325	-1,641	-	-	-	-
Stock repurchase
2,754	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,594	8,587	-7,123	3,859
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	0	0	0	0
Payments on long-term borrowings
-	-	-	-	-	0	0	15,000	5,000	0	0	0	10,808	15,010	9	763	18	18	30,017	17	5,017	17	17	16	16	16	16	16	15	15	23,765	264	20,265	264	264	25,264	10,264
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,886	-20,972	69	-872	-27,238	-3,066	6,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
17,426	2,755	32,014	-16,672	24,473	33,894	21,733	377	-20,797	-9,273	24,122	561	-236	-	-	-	-	-	-	-	-	-	3,682	-35,754	23,551	-12,436	9,870	9,164	-1,723	-39,634	6,753	-40,154	215	-46,294	-30,023	-55,401	-180,471
Increase in cash and cash equivalents
22,029	-34,190	45,180	-15,015	30,463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase/(decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-62,526	-1,282	12,104	10,092	-472	-2,774	43,399	-30,576	1,120	-12,648	6,885	12,679	9,774	-15,689	-10,919	18,251	745	-28,472	29,466	-42,759	1,760	-5,420	21,549	-31,186	33,018	-19,789	-48,553	-19,914	-145,950
Supplemental information
Interest paid
2,723	2,935	2,988	2,871	2,691	2,561	2,043	1,769	1,737	1,824	1,802	1,776	1,896	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,071	2,101	2,003	2,278	2,477	2,505	2,551	2,640	2,668	2,745	9,582	2,301	2,331	2,379	2,489	2,512	2,929	3,068	3,553	5,537	4,256	4,909	5,283
Taxes paid
74	120	220	571	100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activities:
Transfers from loans to other real estate owned
21	989	-4	105	515	-9	249	176	118	761	96	924	279	1,071	2,114	3,602	151	486	134	225	540	2,026	615	904	511	1,243	956	4,218	453	9	1,857	920	4,527	-	-	-	-
Initial recognition of operating lease right of use assets at adoption
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities at adoption
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease right-of-use assets
-	-	-	-	2,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease liabilities
-	-	-	-	3,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,206	860	3,694	562
Transfers from loans to loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-11,966	44,502
Transfers from securities available for sale to held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,040	0	0	0	0