LANDMARK BANCORP INC LARK Cash Flow

Landmark bancorp inc (LARK)

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 earnings
3,363	3,268	2,613	2,598	2,183	2,462	3,020	2,845	2,099	2,442	-2,661	2,383	2,205	2,086	2,156	2,326	2,393	2,584	2,529	2,616	2,777	2,099	2,174	2,077	1,699	521	1,285	1,409	1,440	1,617	1,205	1,818	1,727	1,295	1,489	722	978
Adjustments to reconcile net earnings to net cash provided by (used by) operating activities:
Provision for loan losses
1,200	400	400	400	200	500	450	250	200	200	100	100	50	0	150	300	50	0	100	200	-1,000	0	150	300	150	0	200	300	300	300	1,000	300	300	400	500	700	400
Valuation allowance on real estate owned
-	-	-	-	-	-	-	-	-	118	25	34	33	34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for valuation allowance on real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	-	-39	0	0	-	-	-	-
Amortization of investment security premiums, net
-366	-397	-415	-430	-440	-454	-477	-1,462	485	-473	-471	-476	-468	-439	-420	-436	-382	-382	-387	-397	-370	-408	-452	-411	-441	-408	-370	-416	-344	-381	-420	-370	-220	-196	-210	-212	-205
Amortization of purchase accounting adjustment on loans
5	21	-5	-2	34	27	104	22	58	39	58	72	19	68	18	55	2	83	97	244	118	89	74	144	188	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of purchase accounting adjustment on subordinated debentures
-	-	-	-	-	17	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
277	319	332	291	264	273	278	283	277	312	320	328	298	356	373	331	337	334	340	346	335	322	339	331	304	271	238	17	223	271	481	215	211	227	190	182	179
Depreciation
250	257	265	250	246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	250	-	253	257	263	278	285	289	292	293	292	291	286	293	269	282	282	266	230	231	233	237	238	245	233	212	227	214	228
Bank owned life insurance
154	274	159	160	159	163	160	162	159	162	514	119	117	118	125	145	120	138	131	123	122	140	128	128	127	135	136	137	153	147	103	139	151	151	149	150	144
Stock-based compensation
85	86	71	60	69	68	55	46	54	53	42	42	35	36	23	0	0	0	0	4	12	1	25	14	15	14	15	14	15	15	16	21	30	31	37	20	19
Deferred income taxes
403	235	141	-232	-339	1,612	-1,035	287	105	1,547	-1,602	482	60	325	365	138	91	410	0	170	45	81	-171	10	-23	-197	-22	-108	-91	647	-310	-46	-64	-446	-147	-75	-125
Net gains on sales of investment securities
1,770	-	-	-	-	0	-15	0	35	135	39	177	147	0	261	285	12	0	135	0	-254	60	0	39	0	-	-	-	-	127	0	132	164	-53	167	0	0
Net losses on sales of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-60	-	4	228	8	22	-18	3	25	-16	-156	0	10	-8	14	25	0	332	2	-173	5
Net losses on sales of foreclosed assets
-1	-	-	-	-	-17	-42	0	1	0	7	25	-15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of loans, net
1,193	1,410	2,081	1,742	1,120	918	1,476	1,468	1,161	1,089	1,220	1,692	1,389	1,058	1,219	1,405	1,794	1,786	2,013	2,251	1,943	1,392	1,526	1,846	1,116	821	1,047	879	1,030	1,425	1,626	1,425	1,204	852	841	463	619
Proceeds from sales of loans
45,830	60,511	72,807	49,418	25,395	40,799	51,132	43,727	31,886	41,704	45,268	55,594	31,153	48,890	52,416	64,920	56,631	61,569	81,098	91,170	56,894	57,697	60,309	63,653	32,441	42,540	37,246	46,274	41,147	58,275	55,106	57,223	47,442	33,222	35,819	23,590	30,800
Origination of loans held for sale
45,893	52,549	72,611	54,233	26,139	36,896	45,620	47,736	30,477	38,567	42,873	55,072	32,835	44,251	50,238	60,149	53,795	65,223	69,983	90,647	60,679	56,154	58,599	63,566	32,708	41,548	32,764	48,082	38,267	54,246	57,354	51,447	46,728	33,534	35,302	28,042	20,956
Changes in assets and liabilities:
Accrued interest and other assets
928	-341	-739	601	430	658	-340	990	-838	980	-150	663	520	93	769	113	1,423	82	914	193	1,341	-1,057	-200	1,714	744	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses, taxes, and other liabilities
2,948	-1,219	1,251	-854	-1,605	2,535	-70	2,424	-1,232	-1,510	349	-1,102	-99	-3,068	4,302	-450	-2,088	-1,561	2,469	-4,337	3,100	493	1,555	-1,477	290	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-517	-1,010	650	-	962	265	1,122	450	-17	-651	220
Accrued expenses, taxes, and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,942	-9,948	12,039	-	-318	-94	-614	619	-91	921	878
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-496	-	7,927	6,200	1,052	-3,246	13,988	-2,616	-1,088	4,678	5,043	-1,789	741	2,585	3,430	-9,490	15,573	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
4,780	10,322	4,221	-4,231	-1,029	10,329	7,659	272	3,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,182	6,619	116	-	1,794	-1,664	11,628
Cash flows from investing activities:
Net increase in loans
23,105	12,440	11,032	19,797	1,548	14,430	14,534	25,500	2,596	5,493	5,630	5,114	-2,452	-9,491	718	10,941	-9	4,159	-4,182	3,804	-145	580	3,280	1,242	-2,462	-654	-1,565	7,425	-1,373	8,980	4,220	-9,495	-10,897	-	-	-	-
Maturities and prepayments of investment securities
18,948	18,594	24,095	16,070	14,833	14,598	14,274	13,063	12,682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-66	-1,270	4,387
Maturities and prepayments of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	11,069	-	8,632	12,639	10,790	9,469	11,546	20,316	14,095	13,588	10,312	9,720	10,126	10,601	11,988	11,573	9,236	11,540	18,029	10,477	10,289	14,089	14,221	11,435	15,257
Purchases of investment securities
10,909	18,446	10,010	17,006	7,735	24,566	13,059	15,425	29,692	19,366	13,656	11,438	30,726	31,830	18,415	21,181	22,634	14,389	13,144	42,108	19,986	34,033	34,056	19,601	10,273	31,348	6,651	22,981	28,438	5,813	2,076	35,784	36,110	27,360	17,148	13,741	28,754
Proceeds from sales of investment securities
44,508	-	-	-	-	1	19,590	-1,000	2,535	297	54	1,662	11,797	0	709	11,800	1,817	0	11,541	0	19,069	7,128	0	1,137	0	5,940	408	-11	11	17,544	-14	3,658	6,197	1,754	4,740	0	0
Redemption of bank stocks
680	354	914	2,330	4,254	2,154	3,710	850	3,666	1,691	1,089	4,517	1,802	0	1,677	1,848	1,161	4,638	4,005	2,841	1,928	2,556	1,098	1,465	934	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank stocks
915	232	616	2,865	2,472	1,905	2,701	1,427	3,700	1,730	1,123	4,544	1,826	430	1,924	2,333	801	4,659	3,292	4,239	1,712	2,178	1,587	701	323	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	630	-	318	154	65	2	19	83	236	-	-	-	-	85	67	345	0	-	-	-	-
Proceeds from sales of real estate owned and premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,677	27	225	-	-	-	-	-	-	-	-
Proceeds from sales of premises and equipment and foreclosed assets
45	232	11	1	14	120	282	2	20	149	309	165	233	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,475
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,500
Purchases of premises and equipment, net
120	52	289	454	243	156	97	578	477	82	1,316	39	12	78	132	208	178	174	540	-134	643	592	80	127	662	287	231	37	95	78	52	173	496	97	181	30	41
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-5,211	-	-10,100	-7,906	-9,206	-9,241	14,616	-26,706	12,961	-14,109	-27,574	-9,266	2,500	11,188	8,756	-18,854	-17,688	-	-	-	-	-	-	-	-
Net cash provided by investing activities
29,132	-5,879	3,073	-12,230	7,103	-24,184	7,465	-30,008	-17,562	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,734	-8,017	-9,223	-	2,229	-755	-18,950
Cash flows from financing activities:
Net decrease in deposits
-4,568	1,294	4,222	7,731	-1,847	56,372	1,985	-4,270	4,003	32,548	-12,011	-7,665	11,166	25,812	91	7,230	-6,333	27,196	-12,007	-14,192	9,187	16,230	3,799	6,360	-9,296	6,513	-1,099	-7,389	25,127	-32,320	-19,039	6,544	38,211	2,905	2,792	-656	17,779
Federal Home Loan Bank advance borrowings
101,768	104,825	93,330	130,381	101,786	101,151	120,962	179,620	233,570	107,798	201,166	164,420	148,857	140,906	120,542	109,574	46,717	107,622	89,075	94,119	37,132	50,678	39,498	12,367	3,902	0	57,000	24,000	100	9,100	500	24,200	18,122	-	-	-	-
Federal Home Loan Bank advance repayments
104,768	119,025	98,530	118,281	111,486	141,451	146,262	133,767	225,423	140,598	167,766	166,870	154,507	154,506	115,842	108,685	37,206	118,322	111,334	58,560	45,385	57,087	25,507	12,376	3,911	9	67,110	13,909	2,809	6,409	510	24,209	31,531	205,759	9	9	10
Change in Federal Home Loan Bank line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	-3,800	8,500
Proceeds from other borrowings
1,000	-	-	-	1,567	-	-	-	-	1,026	0	-908	1,008	-42	551	-1,148	1,148	151	1,758	325	1,075	3,545	675	-5,838	6,133	-2,993	1,502	237	1,254	630	630	640	700	4,881	577	510	150
Repayments on other borrowings
9,346	-	-	-	-	-	-	4,326	766	-996	-40	1,136	0	-	-	-	-	3,085	-2,028	2,568	120	3,944	-32	-2,811	3,375	-	-	-	-	2,385	-1,027	2,592	4,543	4,685	-1,444	621	823
Proceeds from exercise of stock options
33	-	-	-	-	0	50	150	334	205	0	0	23	154	447	370	825	464	50	0	79	12	0	0	508	1,055	0	199	19	1	0	5	0	29	0	0	28
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	28	1	-	-	-	-	-	-	-	-
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5
Payment of dividends
920	884	875	874	875	842	832	830	821	785	775	774	774	745	730	724	713	644	635	634	634	608	604	603	600	575	558	555	555	534	529	529	529	507	502	503	502
Purchase of treasury stock
2,023	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	5,773	-	5,765	6,170	4,438	13,382	-31,065	18,490	1,334	8,826	17,893	2,721	-6,639	3,832	-10,265	2,611	23,137	-	-	-	-	-	-	-	-
Net cash used in financing activities
-18,824	-12,485	143	16,427	-10,855	16,683	-18,721	36,577	10,897	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,921	4,060	20,430	-	502	2,521	8,127
Net increase (decrease) in cash and cash equivalents
15,088	-8,042	7,437	-34	-4,781	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-3,542	-	8,178	-9,468	66	2,346	3,333	4,464	-3,716	895	-2,461	-10,832	13,207	-605	-4,638	-8,334	-3,398	17,605	1,921	-25,733	21,022	-8,197	-8,369	2,662	11,323	2,334	4,525	102	805
Supplemental disclosure of cash flow information:
Cash payments (refunds) received during the year for income taxes
-	-	-	-	-	-	-	-	-	50	0	800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	0	500	1,200	300	1,100	790	500	865	615	0	250	375	-240	415	442	425	1,040	415	548	0	130	-575
Cash paid for interest
1,258	1,639	1,736	1,735	1,685	1,588	1,363	1,106	973	912	852	830	786	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for operating leases
44	47	44	32	40	36	36	36	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	861	738	-	622	830	721	806	790	803	824	811	744	533	1,068	964	976	1,024	1,068	1,136	1,154	1,198	1,314
Supplemental schedule of noncash investing and financing activities:
Transfer of loans to real estate owned
314	0	425	37	20	-	-	-	-	26	0	175	5	135	541	536	0	930	70	24	0	108	0	26	75	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities purchases not yet settled
-	-	-	-	-1,858	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities purchases not yet settled
-	-	-	-	-	-	-	-	-2,512	-	-	-	-3,443	2,221	-1,295	-7,160	7,160	-2,079	1,277	-1,027	3,844	-6,480	0	5,053	528	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease asset and related lease liability recorded
-	0	0	0	353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	-	106	0	19	5	23	0	1,198