LANDMARK BANCORP INC LARK Cash Flow

Landmark bancorp inc (LARK)

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 earnings
11,842	10,662	9,856	10,263	10,510	10,426	10,406	4,725	4,263	4,369	4,013	8,830	8,773	8,961	9,459	9,832	10,122	10,506	10,021	9,666	9,127	8,049	6,471	5,582	4,914	4,655	5,751	5,671	6,080	6,367	6,045	6,329	5,233	4,484	0	0	0
Adjustments to reconcile net earnings to net cash provided by (used by) operating activities:
Provision for loan losses
2,400	1,400	1,500	1,550	1,400	1,400	1,100	750	600	450	250	300	500	500	500	450	350	-700	-700	-650	-550	600	600	650	650	800	1,100	1,900	1,900	1,900	2,000	1,500	1,900	2,000	0	0	0
Valuation allowance on real estate owned
-	-	-	-	-	-	-	-	-	210	126	101	67	34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for valuation allowance on real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Amortization of investment security premiums, net
-1,608	-1,682	-1,739	-1,801	-2,833	-1,908	-1,927	-1,921	-935	-1,888	-1,854	-1,803	-1,763	-1,677	-1,620	-1,587	-1,548	-1,536	-1,562	-1,627	-1,641	-1,712	-1,712	-1,630	-1,635	-1,538	-1,511	-1,561	-1,515	-1,391	-1,206	-996	-838	-823	0	0	0
Amortization of purchase accounting adjustment on loans
19	48	54	163	187	211	223	177	227	188	217	177	160	143	158	237	426	542	548	525	425	495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of purchase accounting adjustment on subordinated debentures
-	-	-	-	-	167	200	200	200	200	200	200	200	200	200	200	200	200	200	200	200	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
1,219	1,206	1,160	1,106	1,098	1,111	1,150	1,192	1,237	1,258	1,302	1,355	1,358	1,397	1,375	1,342	1,357	1,355	1,343	1,342	1,327	1,296	1,245	1,144	830	749	749	992	1,190	1,178	1,134	843	810	778	0	0	0
Depreciation
1,022	1,018	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	1,017	-	1,051	1,083	1,115	1,144	1,159	1,166	1,168	1,162	1,162	1,139	1,130	1,126	1,099	1,060	1,009	960	931	939	953	953	928	917	886	881	0	0	0
Bank owned life insurance
747	752	641	642	644	644	643	997	954	912	868	479	505	508	528	534	512	514	516	513	518	523	518	526	535	561	573	540	542	540	544	590	601	594	0	0	0
Stock-based compensation
302	286	268	252	238	223	208	195	191	172	155	136	94	59	23	0	4	16	17	42	52	55	68	58	58	58	59	60	67	82	98	119	118	107	0	0	0
Deferred income taxes
547	-195	1,182	6	525	969	904	337	532	487	-735	1,232	888	919	1,004	639	671	625	296	125	-35	-103	-381	-232	-350	-418	426	138	200	227	-866	-703	-732	-793	0	0	0
Net gains on sales of investment securities
0	-	-	-	-	20	155	209	386	498	363	585	693	558	558	432	147	-119	-59	-194	-155	99	0	0	0	-	-	-	-	423	243	410	278	114	0	0	0
Net losses on sales of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	176	-	262	240	15	32	-6	-144	-147	-162	-154	16	41	31	371	359	161	166	0	0	0
Net losses on sales of foreclosed assets
0	-	-	-	-	-58	-41	8	33	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of loans, net
6,426	6,353	5,861	5,256	4,982	5,023	5,194	4,938	5,162	5,390	5,359	5,358	5,071	5,476	6,204	6,998	7,844	7,993	7,599	7,112	6,707	5,880	5,309	4,830	3,863	3,777	4,381	4,960	5,506	5,680	5,107	4,322	3,360	2,775	0	0	0
Proceeds from sales of loans
228,566	208,131	188,419	166,744	161,053	167,544	168,449	162,585	174,452	173,719	180,905	188,053	197,379	222,857	235,536	264,218	290,468	290,731	286,859	266,070	238,553	214,100	198,943	175,880	158,501	167,207	182,942	200,802	211,751	218,046	192,993	173,706	140,073	123,431	0	0	0
Origination of loans held for sale
225,286	205,532	189,879	162,888	156,391	160,729	162,400	159,653	166,989	169,347	175,031	182,396	187,473	208,433	229,405	249,150	279,648	286,532	277,463	266,079	238,998	211,027	196,421	170,586	155,102	160,661	173,359	197,949	201,314	209,775	189,063	167,011	143,606	117,834	0	0	0
Changes in assets and liabilities:
Accrued interest and other assets
449	-49	950	1,349	1,738	470	792	982	655	2,013	1,126	2,045	1,495	2,398	2,387	2,532	2,612	2,530	1,391	277	1,798	1,201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses, taxes, and other liabilities
2,126	-2,427	1,327	6	3,284	3,657	-388	31	-3,495	-2,362	-3,920	33	685	-1,304	203	-1,630	-5,517	-329	1,725	811	3,671	861	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,799	1,820	904	2	0	0	0
Accrued expenses, taxes, and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-407	-180	835	2,327	0	0	0
Net cash provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	17,469	-	11,933	17,994	9,178	7,038	14,962	6,017	6,844	8,673	6,580	4,967	-2,734	12,098	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
15,092	9,283	9,290	12,728	17,231	21,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Cash flows from investing activities:
Net increase in loans
66,374	44,817	46,807	50,309	56,012	57,060	48,123	39,219	18,833	13,785	-1,199	-6,111	-284	2,159	15,809	10,909	3,772	3,636	57	7,519	4,957	2,640	1,406	-3,439	2,744	3,833	13,467	19,252	2,332	-7,192	0	0	0	-	-	-	-
Maturities and prepayments of investment securities
77,707	73,592	69,596	59,775	56,768	54,617	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Maturities and prepayments of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	42,116	-	41,530	44,444	52,121	55,426	59,545	58,311	47,715	43,746	40,759	42,435	44,288	43,398	44,337	50,378	49,282	50,335	52,884	49,076	50,034	55,002	0	0	0
Purchases of investment securities
56,371	53,197	59,317	62,366	60,785	82,742	77,542	78,139	74,152	75,186	87,650	92,409	102,152	94,060	76,619	71,348	92,275	89,627	109,271	130,183	107,676	97,963	95,278	67,873	71,253	89,418	63,883	59,308	72,111	79,783	101,330	116,402	94,359	87,003	0	0	0
Proceeds from sales of investment securities
0	-	-	-	-	21,126	21,422	1,886	4,548	13,810	13,513	14,168	24,306	14,326	14,326	25,158	13,358	30,610	37,738	26,197	27,334	8,265	7,077	7,485	6,337	6,348	17,952	17,530	21,199	27,385	11,595	16,349	12,691	6,494	0	0	0
Redemption of bank stocks
4,278	7,852	9,652	12,448	10,968	10,380	9,917	7,296	10,963	9,099	7,408	7,996	5,327	4,686	9,324	11,652	12,645	13,412	11,330	8,423	7,047	6,053	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank stocks
4,628	6,185	7,858	9,943	8,505	9,733	9,558	7,980	11,097	9,223	7,923	8,724	6,513	5,488	9,717	11,085	12,991	13,902	11,421	9,716	6,178	4,789	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,135	-	539	240	169	340	0	0	0	-	-	-	-	497	0	0	0	-	-	-	-
Proceeds from sales of real estate owned and premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of premises and equipment and foreclosed assets
289	258	146	417	418	424	453	480	643	856	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	0	0	0
Purchases of premises and equipment, net
915	1,038	1,142	950	1,074	1,308	1,234	2,453	1,914	1,449	1,445	261	430	596	692	1,100	758	1,223	1,641	1,181	1,442	1,461	1,156	1,307	1,217	650	441	262	398	799	818	947	804	349	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-36,288	-	-36,453	-11,737	-30,537	-8,370	-13,238	-55,428	-37,988	-48,449	-23,152	13,178	3,590	-16,598	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by investing activities
14,096	-7,933	-26,238	-21,846	-39,624	-64,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Cash flows from financing activities:
Net decrease in deposits
8,679	11,400	66,478	64,241	52,240	58,090	34,266	20,270	16,875	24,038	17,302	29,404	44,299	26,800	28,184	16,086	-5,336	10,184	-782	15,024	35,576	17,093	7,376	2,478	-11,271	23,152	-15,681	-33,621	-19,688	-6,604	28,621	50,452	43,252	22,820	0	0	0
Federal Home Loan Bank advance borrowings
430,304	430,322	426,648	454,280	503,519	635,303	641,950	722,154	706,954	622,241	655,349	574,725	519,879	417,739	384,455	352,988	337,533	327,948	271,004	221,427	139,675	106,445	55,767	73,269	84,902	81,100	90,200	33,700	33,900	51,922	0	0	0	-	-	-	-
Federal Home Loan Bank advance repayments
440,604	447,322	469,748	517,480	532,966	646,903	646,050	667,554	700,657	629,741	643,649	591,725	533,540	416,239	380,055	375,547	325,422	333,601	272,366	186,539	140,355	98,881	41,803	83,406	84,939	83,837	90,237	23,637	33,937	62,659	262,009	261,508	237,308	205,787	0	0	0
Change in Federal Home Loan Bank line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from other borrowings
0	-	-	-	0	-	-	-	-	1,126	58	609	369	509	702	1,909	3,382	3,309	6,703	5,620	-543	4,515	-2,023	-1,196	4,879	0	3,623	2,751	3,154	2,600	6,851	6,798	6,668	6,118	0	0	0
Repayments on other borrowings
0	-	-	-	-	-	-	4,056	866	100	0	0	0	-	-	-	-	3,745	4,604	6,600	1,221	4,476	0	0	0	-	-	-	-	8,493	10,793	10,376	8,405	4,685	0	0	0
Proceeds from exercise of stock options
0	-	-	-	-	534	739	689	539	228	177	624	994	1,796	2,106	1,709	1,339	593	141	91	91	520	1,563	1,563	1,762	1,273	219	219	25	6	34	34	29	57	0	0	0
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Excess tax benefit related to stock option plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of dividends
3,553	3,508	3,466	3,423	3,379	3,325	3,268	3,211	3,155	3,108	3,068	3,023	2,973	2,912	2,811	2,716	2,626	2,547	2,511	2,480	2,449	2,415	2,382	2,336	2,288	2,243	2,202	2,173	2,147	2,121	2,094	2,067	2,041	2,014	0	0	0
Purchase of treasury stock
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	29,028	-	29,755	-7,075	5,245	2,141	-2,415	46,543	30,774	22,801	17,807	-10,351	-10,461	19,315	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-14,739	-6,770	22,398	3,534	23,684	45,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net increase (decrease) in cash and cash equivalents
14,449	-5,420	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-7,020	-	1,122	-3,723	10,209	6,427	4,976	-818	-16,114	809	-691	-2,868	-370	-16,975	1,235	7,794	-9,605	14,815	-10,987	-21,277	7,118	-2,581	7,950	20,844	18,284	7,766	0	0	0
Supplemental disclosure of cash flow information:
Cash payments (refunds) received during the year for income taxes
-	-	-	-	-	-	-	-	-	850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,710	2,000	3,100	3,390	2,690	3,255	2,770	1,980	1,730	1,240	385	800	992	1,042	2,322	2,322	2,428	2,003	1,093	103	0	0	0
Cash paid for interest
6,368	6,795	6,744	6,371	5,742	5,030	4,354	3,843	3,567	3,380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for operating leases
167	163	152	144	148	143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,109	-	2,979	3,147	3,120	3,223	3,228	3,182	2,912	3,156	3,309	3,541	4,032	4,032	4,204	4,382	4,556	4,802	0	0	0
Supplemental schedule of noncash investing and financing activities:
Transfer of loans to real estate owned
776	482	0	0	0	-	-	-	-	206	315	856	1,217	1,212	2,007	1,536	1,024	1,024	202	132	134	209	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities purchases not yet settled
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities purchases not yet settled
-	-	-	-	-	-	-	-	0	-	-	-	-9,677	926	-3,374	-802	5,331	2,015	-2,386	-3,663	2,417	-899	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease asset and related lease liability recorded
-	353	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	130	47	47	1,226	0	0	0