LAKELAND BANCORP, INC LBAI Cash Flow

Lakeland bancorp, inc (LBAI)

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 Income (Loss) Attributable to Parent
12,392	18,715	18,874	17,457	15,626	15,550	16,758	15,838	15,255	13,175	13,723	13,370	12,312	11,953	11,327	10,130	8,108	8,464	7,825	7,862	8,330	7,939	8,246	7,781	7,163	7,341	6,617	5,903	5,108	5,829	5,489	5,453	4,971	5,116	5,106	4,858	4,771
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premiums, discounts and deferred loan fees and costs
1,109	1,822	693	648	497	605	1,526	772	1,250	1,390	1,350	1,117	1,296	1,230	1,557	1,037	757	1,074	1,068	1,135	874	903	745	1,050	758	1,092	912	1,282	1,501	1,509	1,494	1,319	1,803	2,358	1,026	1,621	1,514
Depreciation and amortization
855	483	-3,100	2,124	2,138	1,441	1,421	1,370	1,323	1,264	1,192	1,068	1,012	1,076	1,038	969	878	624	872	1,065	849	820	827	837	970	1,019	802	944	860	838	794	720	715	-58	963	989	1,010
Amortization of intangible assets
265	307	288	301	304	142	142	153	157	165	104	190	195	202	201	164	167	99	98	107	111	111	111	119	123	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease right-of-use assets
661	654	645	641	652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
9,223	1,086	536	0	508	591	1,046	1,492	1,284	1,218	1,827	1,827	1,218	375	1,763	1,010	1,075	0	332	740	870	1,589	1,194	1,593	1,489	1,687	1,879	2,594	3,183	3,124	3,350	3,877	4,556	4,425	4,058	5,406	4,927
Loans originated for sale
14,634	17,531	20,283	10,860	8,931	14,478	13,252	13,545	8,473	18,208	15,378	13,770	13,427	23,799	23,158	23,622	14,786	17,366	19,818	22,673	11,976	7,882	7,054	4,675	3,775	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of loans held for sale
13,694	19,240	19,083	10,497	10,928	15,488	13,604	12,153	9,175	20,461	14,513	14,131	14,800	26,152	26,684	18,734	15,289	18,490	21,761	21,387	11,235	9,004	6,077	4,428	5,064	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of investment securities, net
342	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on proceeds of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	332	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of securities
-	-	-	-	-	-	-	-	-	0	0	-15	2,539	0	0	0	370	-	-	-	-	-	-	0	2	333	0	1	505	776	0	241	32	-	-	-	-
Change in market value of equity securities
-653	-29	72	100	353	-217	-399	51	-18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of loans held for sale
415	375	486	428	371	783	0	300	246	489	478	471	398	405	753	425	420	437	515	464	265	195	143	152	83	-	-	-	-	-	-	-	-	-	-	-	-
Gains on leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202	125	317	382
Gains on other real estate and other repossessed assets
86	15	3	-126	36	240	52	21	25	119	27	161	339	-6	164	81	9	2	-44	50	94	115	78	26	39	657	232	16	29	-193	168	45	27	-38	-8	-104	35
Losses on sales of premises and equipment
-14	-11	-321	-80	-85	-558	-3	0	0	-12	178	305	367	0	0	-51	-66	0	8	1	-3	-	-	-	-	-8	0	0	68	-	-	-	-	-	-	-	-
Long-term debt prepayment penalty
356	-	-	-	0	-	-	-	-	0	0	0	2,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
847	723	558	568	696	495	471	465	994	343	416	396	1,170	405	387	353	754	346	347	345	567	269	483	390	248	226	228	256	185	187	191	190	178	153	158	161	155
Excess tax (deficiencies) benefits
113	-6	-43	-9	-131	-5	0	-15	-298	-5	0	-9	-573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other assets
64,307	-4,400	7,333	10,463	2,590	-4,117	84	-1,034	2,388	19,285	1,108	598	4,074	-2,594	-982	6,038	3,138	1,106	616	1,581	1,954	691	-625	430	383	471	74	-8,020	109	-976	-646	-629	144	481	-694	-212	-1,737
Increase in other liabilities
64,225	-6,843	11,886	9,090	959	1,638	2,205	4,638	1,262	3,507	-1,790	-3,479	5,467	-6,251	7,386	1,395	-912	348	3,624	-691	410	-295	2,653	-1,196	-667	527	987	-2,077	1,558	-1,082	517	99	1,555	-1,947	3,006	-3,471	2,791
NET CASH PROVIDED BY OPERATING ACTIVITIES
24,397	25,548	21,650	19,690	20,243	13,038	22,503	24,013	19,884	20,279	14,121	13,339	19,727	12,551	26,386	3,677	7,459	9,601	15,041	7,496	8,628	11,408	13,617	9,738	10,866	10,422	12,775	15,847	11,684	11,069	12,219	11,728	13,575	10,377	13,936	9,129	16,488
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash acquired in acquisitions
0	0	0	0	13,454	0	0	0	0	-	-	-	-	0	27,809	0	40,942	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments and maturities of available for sale securities
70,134	44,997	37,628	22,431	42,074	23,593	25,214	22,098	20,928	22,462	25,126	23,113	20,613	20,514	18,828	17,628	22,455	15,840	17,582	18,637	19,309	14,106	16,966	13,317	11,421	14,866	17,209	18,096	20,608	29,803	24,732	26,406	36,189	46,169	31,768	36,655	46,649
Proceeds from repayments and maturities of held to maturity securities
8,076	9,127	8,995	9,182	4,153	7,854	4,509	7,900	5,820	9,873	14,721	14,481	4,143	4,052	11,213	4,103	9,053	-	-	-	4,162	4,444	6,847	3,557	7,660	-	-	-	-	-	-	-	-	4,405	9,513	2,973	3,166
Proceeds from sales of equity securities
0	100	0	100	1,100	-45	500	1,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales proceeds
94,696	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of available for sale securities
213,062	62,321	92,824	20,273	36,085	41,525	36,045	8,211	24,589	26,488	46	8,249	105,475	157,094	26,062	34,862	26,843	38,221	442	22,535	31,706	25,456	48,041	11,174	5,959	43,448	37,071	54,694	52,239	47,107	26,483	34,579	36,483	65,107	89,208	47,719	32,196
Proceeds from Sale of Available-for-sale Securities
-	-	-	-	-	-	-	-	-	-	-	-	4,499	0	0	0	15,654	-	-	-	-	-	-	-	-	10,350	0	0	53,670	44,106	0	37,178	16,540	-	-	-	-
Proceeds from sales of held to maturity securities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,543	-	4,666	11,944	8,030	-	-	-	-
Purchase of held to maturity securities
0	2,556	0	10,387	8,510	3,098	4,420	14,774	18,461	14,684	11,403	4,676	5,078	10,693	26,244	14,560	8,218	3,444	6,122	12,145	12,100	7,655	6,404	15,009	1,488	7,835	6,111	3,048	2,609	5,444	9,367	34,092	5,607	11,535	4,694	3,904	6,701
Payments to Acquire Equity Securities, FV-NI
1,100	1,084	98	66	95	101	60	83	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from redemptions of Federal Home Loan Bank stock
41,450	16,426	27,641	25,784	25,792	1,083	2,777	2,251	688	1,555	8,465	451	3,026	847	450	901	856	-	-	-	910	-	-	-	-1	1,973	-10	101	-1	-467	-2,251	683	-916	2,025	-907	263	-2,911
Purchases of Federal Home Loan Bank stock
47,520	20,925	22,005	32,475	27,675	926	0	6,598	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,922	0	4,078	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Death benefit proceeds from bank owned life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	263	0	772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16,433
Net increase in loans
191,014	213,828	-2,667	2,774	38,506	128,695	52,843	55,471	73,247	63,892	39,694	82,392	103,936	79,733	83,609	87,311	83,387	114,578	96,739	66,452	37,298	43,513	4,812	107,168	36,417	43,664	-15,072	35,181	27,428	85,467	-20,529	19,201	36,731	53,989	12,684	13,573	-15,843
Proceeds from sales of other real estate and repossessed assets
649	461	89	57	253	2,321	877	773	145	666	389	730	2,853	1,494	1,293	295	463	276	479	294	559	386	643	328	127	2,758	533	687	531	469	764	381	154	828	413	538	769
Proceeds from dispositions and sales of premises and equipment
0	0	33	841	953	636	61	0	0	0	376	413	849	6	4	1	10	-	-	-	-	-	-	-	-	1	0	0	462	-	-	-	-	-	-	-	-
Purchases of premises and equipment
1,605	1,770	1,573	800	1,793	1,624	1,153	1,392	1,354	1,902	746	514	810	1,126	1,203	671	977	1,852	933	1,106	947	588	848	479	577	800	440	850	696	1,429	2,011	3,632	1,906	1,329	760	345	991
NET CASH USED IN INVESTING ACTIVITIES
-239,278	-231,339	-39,326	-8,465	-24,847	-140,482	-59,907	-51,773	-90,396	-73,901	-21,996	-79,936	-179,316	-221,941	-75,841	-114,980	-29,992	-134,263	-59,225	-69,212	-62,237	-59,275	-34,567	-101,482	-25,232	-67,190	-4,952	11,233	-5,157	-62,425	15,083	-16,278	-18,898	-82,579	-11,953	14,300	45,883
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits
161,448	83,289	128,205	18,240	34,545	-21,700	242,525	-47,835	79,339	11,883	129,935	-66,020	200,739	151,296	126,577	74,826	162,738	75,907	76,743	421	51,783	13,925	50,121	-9,839	27,576	801	35,678	-27,617	17,678	29,889	63,708	-10,728	38,475	17,087	50,183	-56,129	42,623
Increase in federal funds purchased and securities sold under agreements to repurchase
90,427	129,332	-59,377	-2,563	27,361	186,507	-150,472	71,385	1,549	-9,024	15,473	33,637	28,496	26,654	-93,962	-5,179	-22,393	19,878	-14,893	28,898	8,416	-3,861	-43,715	40,559	33,961	-28,534	-6,102	22,312	-22,974	62,708	-38,377	-3,495	24,322	18,956	-37,076	43,869	-5,741
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,477	-707	50,000	20,230	32,798	5,700	110,000	20,000	-	-	-	-	0	50,000	100,000	130,000	-	-	0	15,000
Repayments of other borrowings
25,456	0	10,000	46,220	33,133	24,052	11,700	20,000	15,000	34,426	227,699	25,000	90,058	32,798	20,000	20,000	19,000	-	-	-	-	10,000	0	55,000	20,000	6,000	0	0	10,000	10,000	100,000	90,000	150,000	95,000	5,000	0	80,000
Purchase of treasury stock
1,452	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of stock to Dividend Reinvestment and Stock Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	26	41	45	56	44	19	33	31	77	10	12	15	148
Redemption of preferred stock and common stock warrant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21,800	0	0	0	20,000
Exercise of stock options
-	-	-	-	-	0	0	59	248	8	0	13	300	-	-	-	-	0	11	20	93	4	-56	63	79	-	-	-	-	-	-	-	-	0	0	15	57
Retirement of restricted stock
457	61	38	45	571	4	15	0	744	0	0	17	756	0	0	45	161	0	4	20	230	0	48	0	56	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	58	0	5	0	65	115	-10	10	27	-14	0	0	18	-32	0	13	16
Dividends paid
6,364	6,362	6,362	6,357	5,838	5,510	5,510	5,509	4,778	4,775	4,775	4,776	4,527	4,266	4,260	3,956	3,525	3,246	3,245	3,243	2,852	2,852	2,866	2,717	2,401	2,378	2,205	1,788	1,781	-	1,354	1,361	1,506	-	1,509	1,509	1,790
NET CASH PROVIDED BY FINANCING ACTIVITIES
218,146	206,204	52,735	9,315	22,364	155,807	74,828	37,537	60,614	-6,362	25,110	101,873	134,194	189,840	91,923	50,567	117,659	120,016	29,757	66,077	77,498	30,017	9,151	83,104	59,250	14,235	28,024	-14,739	-17,006	55,850	-969	-5,553	19,586	79,502	-8,390	-13,726	-49,687
Net increase in cash and cash equivalents
3,265	413	35,059	20,540	17,760	28,363	37,424	9,777	-9,898	-59,984	17,235	35,276	-25,395	-19,550	42,468	-60,736	95,126	-4,646	-14,427	4,361	23,889	-17,850	-11,799	-8,640	44,884	-42,533	35,847	12,341	-10,479	4,494	26,333	-10,103	14,263	7,300	-6,407	9,703	12,684
Supplemental schedule of non-cash investing and financing activities:
Cash paid during the period for income taxes
368	5,097	2,210	8,407	230	14,000	1,705	863	2,046	8,515	7,205	5,453	6,250	6,576	4,486	6,107	4,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for interest
12,973	13,417	17,414	16,117	13,001	12,931	9,595	9,437	6,716	5,922	7,339	4,643	6,667	4,478	4,456	3,932	3,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans into other repossessed assets and other real estate owned
-393	66	497	0	102	157	1,394	1,545	669	221	117	1,273	2,152	654	1,452	1,017	263	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right-of-use assets
0	-	-	-	18,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
0	-	-	-	20,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash assets acquired:
Federal Home Loan Bank stock
0	0	0	0	1,767	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities
0	0	0	0	22,734	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans, including loans held for sale
0	0	0	0	426,118	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other intangible assets, net
0	0	0	0	23,125	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
0	0	0	0	9,304	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-cash assets acquired
0	0	0	0	483,048	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed:
Deposits
0	0	0	0	409,638	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other borrowings
0	0	0	0	40,957	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
0	0	0	0	2,490	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities assumed
0	0	0	0	453,085	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued
0	0	0	0	43,417	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-