Level one bancorp inc. (LEVL)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net income

4,110

4,680

4,409

3,555

3,467

3,951

3,255

4,012

3,168

933

2,835

3,321

2,752

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

413

337

326

333

327

300

337

331

332

339

333

345

352

Amortization of core deposit intangibles

192

29

29

36

52

55

55

55

55

58

59

59

58

Gain on mortgage servicing rights

121

-

-

-

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

188

196

189

174

154

200

212

220

183

148

167

175

123

Provision for Loan and Lease Losses

489

548

-16

429

422

-51

619

-710

554

956

194

68

198

Net securities premium amortization

-502

-458

-440

-440

-397

-326

-367

-328

-306

-314

-227

-187

-143

Debt Securities, Available-for-sale, Realized Gain (Loss)

529

-

-

-

-7

-

-

-

0

-

-

-

-

Originations of loans held for sale

90,076

76,098

88,482

71,341

36,793

36,443

29,767

13,037

11,114

18,212

18,216

13,982

13,774

Proceeds from Sale of Loans Held-for-sale

88,516

91,013

86,450

63,763

29,137

40,931

25,060

11,073

14,027

17,921

16,924

12,175

22,733

Net gain on sales of loans

2,282

2,047

2,352

2,236

1,200

791

899

415

236

438

548

413

445

Accretion on acquired purchase credit impaired loans

443

541

597

591

584

718

1,167

991

918

1,152

1,011

1,510

1,667

Increase in cash surrender value of life insurance

118

87

88

47

79

81

82

81

80

82

84

82

80

Amortization of debt issuance costs

7

19

14

15

14

9

15

14

9

14

15

15

14

Net increase in accrued interest receivable and other assets

14,059

-4,583

11,178

492

2,457

2,204

2,241

-4,186

-641

-40

3,028

-58

-1,384

Net increase in accrued interest payable and other liabilities

6,853

2,086

-1,291

4,727

629

6,180

-3,889

2,965

-446

-2,062

-23

4,216

-464

Deferred income tax benefit

-

-

-

-

-

-

-

-

-

-

1,326

-83

-365

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

7

Net cash used by operating activities

-6,358

24,171

-12,340

-1,200

-6,507

12,051

-8,252

7,857

6,481

-2,139

-972

4,304

10,969

Cash flows from investing activities
Net increase in loans

16,005

58,653

1,398

33,587

4,022

-

-

-

-

-

-

-

-

Net increase in loans

-

-

-

-

-

-

-

-

16,274

-

42,630

-26,379

6,246

Principal payments on securities available-for-sale

8,266

4,791

3,099

2,879

5,752

2,295

2,778

2,346

1,949

-

-

-

-

Purchases of securities available-for-sale

35,950

5,437

0

19,220

32,153

7,817

8,101

38,636

14,140

14,869

36,229

12,696

10,431

Purchases of FHLB Stock

-

-

-

-

-

-

-

-

-

0

0

0

2,475

Additions to premises and equipment

844

750

565

414

290

59

709

192

199

46

336

323

208

Proceeds from:
Proceeds from Sale of Debt Securities, Available-for-sale

27,581

23,301

11,080

29,465

6,000

2,921

704

0

0

2,313

7,503

2,541

2,446

Payments to Acquire Businesses, Net of Cash Acquired

29,464

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-46,416

-39,898

12,216

-20,877

-24,713

-13,785

-73,427

-28,253

-28,664

-62,837

-70,016

20,912

-16,914

Cash flows from financing activities
Net increase in deposits

70,360

-59,114

-34,903

77,982

16,828

4,324

65,095

-47,428

-7,738

50,508

79,404

23,612

41,934

Change in short-term borrowings

40,675

-55,306

34,980

50,955

1,649

-

-

-

-

-

-

-

-

Change in short-term borrowings

-

-

-

-

-

-

-

-

4,968

-

-19,109

16,148

-2,282

Issuances of long-term FHLB advances

24,975

45,000

70,000

10,000

20,000

0

0

0

0

-

-

-

-

Repayment of long-term FHLB advances

-

-

-

-

-

-

-

-

18

-

-

-

-

Change in secured borrowing

17

18

17

18

18

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

0

14,504

2

Change in secured borrowing

-

-

-

-

-

-

-

-

0

-

-

-

-

Payments for Repurchase of Common Stock

620

57

488

516

1,104

0

0

0

0

-

-

-

-

Payments of Ordinary Dividends, Common Stock

309

308

310

309

233

232

233

197

0

-

-

-

-

Proceeds from exercised stock options

61

0

63

31

125

10

12

65

1,192

455

-1

77

74

Payment, Tax Withholding, Share-based Payment Arrangement

64

0

0

0

43

0

14

0

0

-

-

-

-

Net cash provided by financing activities

53,711

70,296

-635

36,215

33,906

-42,807

124,749

15,281

-1,596

35,887

60,294

25,333

39,724

Net change in cash and cash equivalents

937

-

-

-

2,686

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-5,115

-23,779

-

-10,694

50,549

33,779

Supplemental disclosure of cash flow information:
Interest paid

4,511

5,384

4,540

5,172

4,397

3,956

2,952

3,435

2,291

2,191

1,643

2,099

1,494

Taxes paid

40

-

-

-

360

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

100

0

-

-

-

-

Transfer from loans held for sale to loans held for investment

40

291

466

1,190

239

91

149

304

0

-

-

-

-

Transfer from loans to other real estate owned

1,172

548

0

0

373

108

0

0

0

0

117

0

268

Transfer from premises and equipment to other assets

-

-

-

-

-

-2

0

0

20

-1

0

1,794

0