Lakeland bancorp, inc (LBAI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

70,672

63,401

52,580

41,518

32,481

31,129

24,969

21,742

19,851

19,211

-5,396

Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums, discounts and deferred loan fees and costs

3,660

4,153

5,153

4,581

4,151

3,456

4,787

6,125

6,519

4,404

4,160

Depreciation and amortization

1,645

5,555

4,536

3,961

3,410

3,454

3,625

3,067

2,904

3,061

3,306

Amortization of intangible assets

1,200

594

654

734

415

464

288

-

577

1,062

1,062

Amortization of operating lease right-of-use assets

2,592

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

2,130

4,413

6,090

4,223

1,942

5,865

9,343

14,907

18,816

19,281

51,615

Loans originated for sale

57,605

49,748

60,783

85,365

71,833

23,386

34,718

-

-

-

-

Proceeds from sales of loans held for sale

59,748

50,420

63,905

86,859

72,873

24,573

36,804

-

-

-

-

Gain on debt redemption and extinguishment

-

-

-

-

-

-

1,197

-

-

-

-

Gains on proceeds from bank owned life insurance policies

0

421

109

864

435

-

-

-

-

-

-

Gains on sales of securities

0

0

2,524

370

241

2

839

1,049

1,229

1,742

3,845

Change in market value of equity securities

496

-583

0

0

-

-

-

-

-

-

-

Gains on sales of loans held for sale

1,660

1,329

1,836

2,003

1,681

573

760

-

-

-

-

Gains on debt redemption and extinguishment

-

-

-

-

1,830

-

-

-

-

-

-

Other-than-temporary impairment loss on securities

-

-

-

-

-

-

-

-

-

128

940

Gains on leases

-

-

-

-

-

-

-

471

1,026

772

-1,631

Writedown of other repossessed assets

-

-

-

-

-

-

-

-

230

0

-782

Gains on other real estate and other repossessed assets

-72

338

646

248

102

258

934

47

-115

808

230

Losses on sales of premises and equipment

-497

-561

838

-117

6

65

60

201

167

48

-

Long-term debt prepayment penalty

0

0

2,828

0

2,407

-

1,209

-

-

-

-

Stock-based compensation

2,545

2,425

2,325

1,899

1,605

1,390

895

746

627

538

443

Deferred tax expense (benefit)

2,854

-13,571

16,904

-987

-824

-34

164

-576

-172

-547

2,725

Excess tax (deficiencies) benefits

-189

-318

-587

0

0

-

-

-

-

-

-

Increase in other assets

15,986

-2,679

25,065

5,600

5,257

879

-7,366

-2,107

-2,162

-11,105

26,247

Increase in other liabilities

15,092

9,743

3,705

1,618

3,691

495

995

1,089

379

23

-2,957

NET CASH PROVIDED BY OPERATING ACTIVITIES

87,131

79,438

67,466

50,073

40,766

45,629

50,728

48,591

49,930

55,990

22,539

CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash acquired in acquisitions

13,454

0

0

68,751

0

-

74,316

-

-

-

-

Proceeds from repayments and maturities of available for sale securities

147,130

91,833

91,314

79,425

71,368

55,810

70,779

117,130

161,241

160,581

147,300

Proceeds from repayments and maturities of held to maturity securities

31,457

26,083

43,218

28,421

24,453

22,508

22,952

26,070

20,057

26,054

41,890

Proceeds from sales of equity securities

1,300

2,155

0

0

-

-

-

-

-

-

-

Sales proceeds

0

0

4,500

-

-

-

-

-

-

-

-

Purchase of available for sale securities

211,503

110,370

140,258

244,861

92,904

90,630

187,452

144,652

234,230

349,357

391,948

Proceeds from Sale of Available-for-sale Securities

-

-

-

15,654

33,613

15,719

64,020

97,824

92,409

76,048

153,763

Proceeds from sales of held to maturity securities:

-

-

-

-

-

1,301

-

-

-

-

-

Purchase of held to maturity securities

21,453

40,753

35,841

59,715

33,811

30,556

19,603

54,510

26,834

10,939

13,742

Payments to Acquire Equity Securities, FV-NI

1,343

570

307

838

-

-

-

-

-

-

-

Proceeds from redemptions of Federal Home Loan Bank stock

95,643

6,799

13,497

3,054

456

4,624

2,063

-2,951

-1,530

2,654

-

Purchases of Federal Home Loan Bank stock

103,080

7,524

10,974

323

4,697

6,532

-

-

-

-

-

Purchase of bank owned life insurance

0

0

33,000

0

7,000

-

-

-

-

-

1,304

Death benefit proceeds from bank owned life insurance policy

121

755

312

2,129

1,186

-

-

-

-

-

-

Proceeds from sales of leases

-

-

-

-

-

-

-

-

16,433

1,077

53,407

Net increase in loans

252,441

310,256

289,914

334,040

315,067

191,910

91,201

120,870

64,403

19,057

94,874

Proceeds from sales of other real estate and repossessed assets

860

4,116

4,638

3,545

1,608

1,484

4,509

1,768

2,548

4,133

6,853

Proceeds from dispositions and sales of premises and equipment

1,827

697

1,638

21

696

118

463

749

325

288

3

Purchases of premises and equipment

5,936

5,523

3,972

3,977

4,838

2,492

2,786

8,978

3,425

1,659

3,026

NET CASH USED IN INVESTING ACTIVITIES

-303,977

-342,558

-355,149

-442,754

-324,937

-220,556

-66,066

-82,518

-34,349

-115,485

-101,678

CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits

264,279

252,329

276,537

515,437

204,854

81,783

26,540

121,344

53,764

38,702

101,054

Increase in federal funds purchased and securities sold under agreements to repurchase

94,753

108,969

68,582

-94,880

42,299

26,944

-35,298

45,158

20,008

-11,549

1,309

Proceeds from other borrowings

46,260

60,003

306,184

14,921

117,000

168,498

50,000

280,000

140,000

90,000

-

Repayments of other borrowings

89,353

70,752

377,183

91,798

50,000

85,000

16,000

350,000

180,000

40,900

65,000

Issuance of stock to Dividend Reinvestment and Stock Purchase Plan

-

-

-

-

-

-

186

160

185

57

35

Proceeds on issuance of stock, net

-

-

-

-

-

-

-

-

-

-

58,837

Redemption of subordinated debentures, net

-

-

-

-

8,170

-

9,113

25,000

-

-

-

Proceeds from Issuance of Subordinated Long-term Debt

-

-

-

73,516

0

-

-

-

-

-

-

Redemption of preferred stock and common stock warrant

-

-

-

-

-

-

-

21,800

20,000

20,000

-

Exercise of stock options

313

307

321

285

124

90

2,209

-

72

627

-55

Retirement of restricted stock

715

763

773

206

254

104

-

-

-

-

-

Proceeds from Issuance of Common Stock

-

-

-

48,678

22

77

-

25,040

-

-

-

Excess tax benefits

-

-

-

43

59

70

142

4

-3

21

2

Dividends paid

24,919

21,307

18,853

16,007

12,586

10,836

8,152

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

219

1,286

2,669

2,287

Dividends paid on common stock

-

-

-

-

-

-

-

5,773

5,041

4,179

5,869

NET CASH PROVIDED BY FINANCING ACTIVITIES

290,618

328,786

254,815

449,989

293,348

181,522

10,514

68,914

7,699

50,110

88,026

Net increase in cash and cash equivalents

73,772

65,666

-32,868

57,308

9,177

6,595

-4,824

34,987

23,280

-9,385

8,887

Supplemental schedule of non-cash investing and financing activities:
Cash paid during the period for income taxes

15,944

18,614

27,423

21,744

16,737

15,057

12,051

-

-

-

-

Cash paid during the period for interest

59,949

38,679

24,571

16,435

10,770

8,882

10,804

-

-

-

-

Transfer of loans into other repossessed assets and other real estate owned

665

3,765

3,763

3,386

1,462

1,867

3,565

-

-

-

-

Initial recognition of operating lease right-of-use assets

18,651

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

20,203

-

-

-

-

-

-

-

-

-

-

Non-cash assets acquired:
Federal Home Loan Bank stock

1,767

0

0

-

-

-

-

-

-

-

-

Investment securities

22,734

0

0

-

-

-

-

-

-

-

-

Loans, including loans held for sale

426,118

0

0

-

-

-

-

-

-

-

-

Goodwill and other intangible assets, net

23,125

0

0

-

-

-

-

-

-

-

-

Other assets

9,304

0

0

-

-

-

-

-

-

-

-

Total non-cash assets acquired

483,048

0

0

-

-

-

-

-

-

-

-

Liabilities assumed:
Deposits

409,638

0

0

-

-

-

-

-

-

-

-

Other borrowings

40,957

0

0

-

-

-

-

-

-

-

-

Other liabilities

2,490

0

0

-

-

-

-

-

-

-

-

Total liabilities assumed

453,085

0

0

-

-

-

-

-

-

-

-

Common stock issued

43,417

0

0

-

-

-

-

-

-

-

-

Pascack and Harmony
Federal Home Loan Bank stock

-

-

-

3,742

-

-

-

-

-

-

-

Investment securities held for maturity

-

-

-

10,810

-

-

-

-

-

-

-

Investment securities available for sale

-

-

-

7,474

-

-

-

-

-

-

-

Loans, including loans held for sale

-

-

-

579,560

-

-

-

-

-

-

-

Goodwill and other intangible assets, net

-

-

-

29,060

-

-

-

-

-

-

-

Other assets

-

-

-

32,381

-

-

-

-

-

-

-

Total non-cash assets acquired

-

-

-

663,027

-

-

-

-

-

-

-

Deposits

-

-

-

582,526

-

-

-

-

-

-

-

Other borrowings

-

-

-

66,622

-

-

-

-

-

-

-

Other liabilities

-

-

-

8,755

-

-

-

-

-

-

-

Total liabilities assumed

-

-

-

657,903

-

-

-

-

-

-

-

Stock Issued During Period, Value, Acquisitions

-

-

-

73,875

-

-

-

-

-

-

-