Landmark bancorp inc (LARK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net earnings

10,662

10,426

4,369

8,961

10,506

8,049

4,655

6,367

4,484

2,043

3,272

Adjustments to reconcile net earnings to net cash provided by (used by) operating activities:
Provision for loan losses

1,400

1,400

450

500

-700

600

800

1,900

2,000

5,900

3,300

Valuation allowance on real estate owned

31

12

210

34

9

34

135

175

-

-

-

Provision for valuation allowance on real estate owned

-

-

-

-

-

-

-

-

-517

-367

-232

Amortization of investment security premiums, net

-1,682

-1,908

-1,888

-1,677

-1,536

-1,712

-1,538

-1,391

-823

-669

-246

Amortization of purchase accounting adjustment on loans

48

211

188

143

542

495

53

0

-

-

-

Amortization of purchase accounting adjustment on subordinated debentures

-

167

200

200

200

200

33

0

-

-

-

Amortization of intangibles

1,206

1,111

1,258

1,397

1,355

1,296

749

1,178

778

790

767

Depreciation

1,018

1,005

1,030

-

-

-

-

-

-

-

-

Depreciation

-

-

-

1,144

1,162

1,126

960

953

881

972

946

Bank owned life insurance

752

644

912

508

514

523

561

540

594

506

-

Stock-based compensation

286

223

172

59

16

55

58

82

107

100

157

Deferred income taxes

-195

969

487

919

625

-103

-418

227

-793

-523

-1,567

Net gains on sales of investment securities

-177

20

498

558

-119

99

0

423

114

172

-952

Impairment of affordable housing investment

-

-

-

-

163

0

0

-

-

-

-

Net losses on sales of foreclosed assets

-

-

-

-

-

32

-162

31

166

24

-

Net losses on sales of foreclosed assets

52

-58

17

-89

244

-

-

-

-

-

-3

Gains on sales of loans, net

6,353

5,023

5,390

5,476

7,993

5,880

3,777

5,680

2,775

3,446

3,091

Proceeds from sales of loans

208,131

167,544

173,719

222,857

290,731

214,100

167,207

218,046

123,431

165,349

208,023

Origination of loans held for sale

205,532

160,729

169,347

208,433

286,532

211,027

160,661

209,775

117,834

169,776

208,335

Changes in assets and liabilities:
Accrued interest and other assets

-49

470

2,013

2,398

2,530

1,201

-701

1,274

-

-

-

Accrued expenses, taxes, and other liabilities

-2,427

3,657

-2,362

-1,304

-329

861

570

-211

-

-

-

Accrued interest and other assets

-

-

-

-

-

-

-

-

2

356

2,856

Accrued expenses, taxes, and other liabilities

-

-

-

-

-

-

-

-

2,327

-3,446

1,982

Net cash provided by (used in) operating activities

-

-

-

-

7,038

8,673

12,098

12,385

13,070

-

-

Net cash provided by (used in) operating activities

9,283

21,383

3,056

19,017

-

-

-

-

-

-2,059

4,031

Cash flows from investing activities:
Net increase in loans

44,817

57,060

13,785

2,159

3,636

2,640

3,833

-7,192

6,436

-26,430

-

Maturities and prepayments of investment securities

73,592

54,617

59,198

41,837

-

-

-

-

-

-

-

Net decrease (increase) in loans

-

-

-

-

-

-

-

-

-

-

-22,087

Maturities and prepayments of investment securities

-

-

-

-

55,426

43,746

43,398

50,335

55,002

38,142

56,077

Net cash received in bank acquisition

-

-

-

-

-

-

25,028

3,965

-

0

-

Net cash received in bank acquisition

-

-

-

-

-

-

-

-

0

-

-

Net cash paid in branch acquisition

-

-

-

-

-

-

-

-

-

-

130

Purchases of investment securities

53,197

82,742

75,186

94,060

89,627

97,963

89,418

79,783

87,003

55,910

57,074

Proceeds from sales of investment securities

15,318

21,126

13,810

14,326

30,610

8,265

6,348

27,385

6,494

10,097

2,846

Proceeds from sales of common stock investments

-

7

-

-

-

-

-

-

-

-

-

Redemption of bank stocks

7,852

10,380

9,099

4,686

13,412

6,053

3,203

-

-

-

-

Purchase of bank stocks

6,185

9,733

9,223

5,488

13,902

4,789

2,671

-

-

-

-

Proceeds from sales of foreclosed assets

-

-

-

-

-

340

1,997

497

2,317

1,612

-

Proceeds from bank owned life insurance

-

-

-

-

-

0

-

-

-

-

-

Proceeds from sales of premises and equipment and foreclosed assets

258

424

856

813

-

-

-

-

-

-

2,638

Proceeds from sales of premises and equipment and foreclosed assets

-

-

-

-

570

-

-

-

-

-

-

Proceeds from bank owned life insurance

284

-

528

358

0

-

-

-

-

-

-

Redemption of bank stock

-

-

-

-

-

-

-

3,500

-

-

-

Purchase of bank stock

-

-

-

-

-

-

-

1,909

-

-

-

Purchase of bank owned life insurance

-

-

5,000

-

0

-

-

-

2,500

0

0

Purchases of premises and equipment, net

1,038

1,308

1,449

596

1,223

1,461

650

799

349

320

814

Net cash used in investing activities

-

-

-

-

-8,370

-48,449

-16,598

10,383

-32,475

-

-

Net cash provided by investing activities

-7,933

-64,289

-21,152

-40,283

-

-

-

-

-

20,051

25,630

Cash flows from financing activities:
Net decrease in deposits

11,400

58,090

24,038

26,800

10,184

17,093

23,152

-6,604

22,820

-7,281

-7,347

Federal Home Loan Bank advance borrowings

430,322

635,303

622,241

417,739

327,948

106,445

81,100

51,922

210,650

129,350

-

Federal Home Loan Bank advance repayments

447,322

646,903

629,741

416,239

333,601

98,881

83,837

62,659

205,787

140,887

15,037

Change in Federal Home Loan Bank line of credit, net

-

-

-

-

-

-

-

-

-

-

6,000

Proceeds from other borrowings

2,302

1,737

1,126

509

3,309

4,515

0

2,600

6,118

2,732

3,185

Repayments on other borrowings

-

-

100

-

3,745

4,476

130

8,493

4,685

2,910

4,053

Proceeds from exercise of stock options

36

534

228

1,796

593

520

1,273

6

57

228

0

Excess tax benefit related to stock option plans

-

-

-

-

-

-

-

-

12

-

-

Excess tax benefit related to stock option plans

-

-

-

-

-

-

-

-

-

40

-

Excess tax benefit related to stock option plans

-

-

-

-

-

-

-

-

-

-

0

Payment of dividends

3,508

3,325

3,108

2,912

2,547

2,415

2,243

2,121

2,014

1,908

1,806

Net cash provided by financing activities

-

-

-

-

2,141

22,801

19,315

-25,349

27,171

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

12

Net cash used in financing activities

-6,770

45,436

14,684

27,693

-

-

-

-

-

-20,636

-31,070

Net increase (decrease) in cash and cash equivalents

-5,420

2,530

-3,412

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

6,427

809

-16,975

14,815

-2,581

7,766

-2,644

-1,409

Supplemental disclosure of cash flow information:
Cash payments (refunds) received during the year for income taxes

722

-1,364

850

945

-

-

-

-

-

-

-

Cash paid during the year for income taxes

-

-

-

-

3,390

1,980

800

2,322

103

942

862

Cash paid for interest

6,795

5,030

3,380

3,016

3,092

-

-

-

-

-

-

Cash paid for operating leases

163

143

125

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

3,223

3,156

4,032

4,802

6,658

9,449

Supplemental schedule of noncash investing and financing activities:
Transfer of loans to real estate owned

482

96

206

1,212

1,024

209

250

234

-

-

-

Investment securities purchases not yet settled

-

-

-

926

2,015

-899

-1,311

-

-

-

-

Operating lease asset and related lease liability recorded

353

-

-

-

-

-

-

-

-

-

-

Fair value of liabilities assumed

-

-

-

-

-

-

169,333

35,061

0

0

6,650

Fair value of assets acquired

-

-

-

-

-

-

194,361

31,096

0

0

6,520

Transfer of loans to real estate owned

-

-

-

-

-

-

-

-

1,226

4,020

2,001