Lake shore bancorp, inc. (LSBK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

731

1,172

1,212

805

898

1,000

1,058

1,006

936

580

940

1,142

716

140

757

664

1,954

834

1,236

699

569

796

688

899

775

1,051

986

800

906

861

863

895

1,007

587

1,156

987

950

Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of investment securities

-7

-10

-11

-14

-13

-17

-20

-25

-21

-22

-27

-27

-34

-42

-44

-45

-49

-55

-66

-84

-78

-80

-76

-74

-73

-83

-112

-140

-153

-260

-138

-89

-71

-50

-33

-24

-17

Net amortization of deferred loan costs

-138

-162

-140

-155

-141

-153

-146

-159

-118

-197

-138

-162

-125

-157

-153

-130

-129

-136

-172

-142

-102

-121

-124

-101

-116

-132

-131

-142

-113

-129

-145

-133

-143

-143

-125

-123

-126

Provision for loan losses

500

175

300

350

75

75

125

115

75

60

75

25

350

815

125

55

130

160

30

185

25

-

-

-

-

0

60

0

45

386

220

85

-35

120

10

265

20

Recovery on previously impaired investment securities

16

15

13

13

13

21

34

68

22

39

25

32

39

35

39

33

35

37

48

43

32

39

35

18

83

-

-

-

-

-

-

-

-

0

0

0

57

Unrealized loss (gain) on equity securities

-36

-14

22

-1

36

-7

-5

6

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

0

22

197

25

0

0

0

1,636

-

-

-

-

0

0

157

-98

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swap

-157

29

-15

-61

-33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

1,666

-

-

-

-

167

343

236

198

273

124

221

451

394

1,632

1,700

1,296

2,639

3,534

1,933

1,344

1,351

274

0

112

545

303

393

195

493

118

0

156

152

234

253

0

Proceeds from sales of loans held for sale

1,703

-

-

-

-

169

347

240

200

277

125

223

458

398

1,688

1,746

1,311

2,663

3,562

1,954

1,368

1,377

279

0

112

545

303

393

195

493

118

0

156

152

234

253

0

Gain on sale of loans held for sale

37

-

-

-

-

2

4

4

2

4

1

2

7

4

56

46

15

24

28

21

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

210

209

203

199

198

195

195

188

196

204

207

216

225

219

216

214

216

209

210

210

205

191

193

185

181

183

178

172

166

168

169

166

160

160

163

166

166

Increase in bank owned life insurance, net

122

130

128

123

119

119

103

86

84

90

91

90

87

74

70

70

67

68

68

69

67

69

65

64

61

68

66

71

78

66

62

61

59

63

65

66

63

ESOP shares committed to be released

28

29

33

27

31

30

33

34

33

32

31

32

31

29

26

26

27

26

27

27

27

26

24

25

24

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation expense

40

59

82

92

89

111

111

118

105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESOP shares committed to be released

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

21

-

21

20

19

20

20

20

21

Stock based compensation expense

-

-

-

-

-

-

-

-

-

-

116

117

92

-11

84

80

64

29

83

56

52

48

34

14

14

4

10

11

16

14

10

10

10

56

55

30

82

Increase in accrued interest receivable

67

-83

108

2

213

-131

216

-119

146

-33

203

-169

200

-132

169

-158

73

-154

101

-217

202

-148

156

-244

165

-165

168

-204

186

-210

211

-188

70

-184

182

-194

314

Decrease (increase) in other assets

-97

213

65

-31

233

28

85

-97

2

99

-56

-221

116

46

-273

-12

-41

593

21

-144

-329

487

-112

-278

122

254

87

-451

45

247

-179

-348

-100

-136

97

51

-954

Decrease in other liabilities

-353

3

615

140

-561

486

375

46

-744

480

180

-418

139

-409

109

-125

81

-329

415

-180

-24

-185

-135

128

59

-328

809

337

-901

623

269

-367

-67

-352

-265

-177

261

Net Cash Provided by Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,509

1,156

880

-

1,561

1,472

1,062

799

930

1,709

909

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Operating Activities

1,386

1,521

2,275

1,737

303

2,275

1,614

1,747

478

1,779

1,429

1,374

1,245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

-

1,741

1,563

1,279

1,190

1,483

1,838

1,641

CASH FLOWS FROM INVESTING ACTIVITIES
Activity in available for sale securities: Sales

-

-

-

-

-

-

-

-

-

0

1,065

4,709

736

0

0

0

14,406

-

-

-

-

0

0

8,793

1,544

518

2,453

0

1,410

-

-

-

-

-

-

-

-

Activity in available for sale securities: Maturities, prepayments and calls

2,563

5,846

3,570

7,252

2,159

3,211

1,916

2,670

1,629

3,022

2,216

4,490

2,274

2,910

3,246

3,086

2,615

2,848

3,425

4,133

3,620

3,697

3,514

3,544

3,519

3,803

5,812

7,757

8,491

9,650

9,118

8,353

7,531

7,660

5,088

5,259

6,329

Activity in available for sale securities: Purchases

1,453

-

-

-

-

5,343

754

9,797

275

10,823

688

1,315

399

-

-

-

-

-

-

-

-

-

-

-

-

1,322

17,554

10,505

6,592

4,072

6,075

10,130

12,324

11,537

2,067

6,109

10,490

Purchases of Federal Home Loan Bank Stock

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

225

0

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of Federal Home Loan Bank Stock

22

-

-

-

-

-

-

-

-

-

-

-

-

2

0

18

99

0

225

20

29

2

174

337

25

61

83

72

76

-

-

-

-

-

-

-

-

Redemptions of Federal Home Loan Bank Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

44

76

-

65

114

4

Loan origination and principal collections, net

3,176

8,207

23,323

39,670

8,853

4,696

7,621

11,509

6,296

2,925

-963

19,205

19,142

7,044

5,583

13,777

4,877

3,628

-1,542

10,280

1,908

10,234

-1,130

1,170

-1,674

3,981

4,161

-2,023

-513

8,506

-769

-3,592

-4,192

-404

4,329

5,975

3,298

Additions to premises and equipment

253

303

169

252

86

229

210

229

150

186

327

862

105

228

89

60

91

197

115

81

66

181

125

192

129

21

59

198

379

1,421

104

117

180

45

50

33

88

Net Cash Used in Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,426

-10,736

12,152

-

14,698

-6,208

1,646

-6,117

4,693

10,961

6,633

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-2,319

-4,848

-20,147

-32,955

-6,780

-6,797

-8,419

-18,779

-5,092

-10,581

3,313

-12,558

-16,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,519

-

3,805

1,725

-705

-3,302

-1,300

-2,115

-7,543

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits

17,723

12,201

13,803

16,932

8,082

-3,443

3,590

14,559

12,599

4,230

8,243

1,870

4,917

11,427

-378

3,664

2,025

-2,715

-9,975

-815

-4,279

-2,566

-3,288

-544

5,102

-2,917

-1,940

8,800

5,749

-14,083

7,847

-3,203

8,184

-3,985

4,893

2,126

979

Net decrease in advances from borrowers for taxes and insurance

-904

1,498

-1,421

894

-872

1,509

-1,403

829

-801

1,292

-1,337

796

-934

1,336

-1,315

766

-889

1,391

-1,390

862

-993

1,376

-1,322

888

-981

1,526

-1,178

809

-912

-

-

-

-

-

-

-

-

Net decreases in advances from borrowers for taxes and insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,215

771

-952

-

-1,175

793

-927

Increase in short term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-11,900

250

-50

-1,450

-500

2,450

-2,950

-170

1,250

6,160

2,260

-1,300

-2,850

3,800

Proceeds from issuance of long-term debt

1,200

2,200

13,000

300

750

0

0

0

1,500

0

0

9,000

700

-

-

-

-

2,200

5,000

0

3,250

0

0

13,300

1,900

0

0

0

1,750

-

-

-

-

-

-

-

-

Repayment of long-term debt

1,200

2,200

0

3,300

750

0

0

2,300

1,500

0

0

1,000

700

0

0

0

2,200

0

5,000

0

3,250

0

0

1,400

2,700

1,300

400

700

5,900

750

2,000

2,220

7,860

3,360

1,090

2,690

3,890

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

9

372

409

328

479

0

17

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

377

381

255

672

111

668

208

243

329

-

-

-

-

117

67

135

136

205

0

271

270

0

0

0

62

-

-

-

-

-

-

-

-

0

0

0

169

Cash dividends paid

259

260

480

265

267

194

228

228

230

184

186

187

186

161

414

156

157

152

152

153

154

148

148

147

147

146

147

135

159

230

402

149

147

134

146

219

148

Net Cash Provided by Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,802

4,548

-1,029

-

-11,517

-360

-5,577

-763

-4,704

197

3,362

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Financing Activities

16,183

13,058

16,653

21,889

6,832

-2,796

1,751

12,617

11,239

5,342

6,663

10,267

3,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,978

-

4,060

-3,551

5,385

-3,789

2,282

160

-355

Net Increase in Cash and Cash Equivalents

15,250

9,731

-1,219

-9,329

355

-7,318

-5,054

-4,415

6,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

11,405

-917

-11,594

7,000

-2,719

-5,032

12,003

1,639

4,742

-5,096

-2,869

-6,081

919

12,867

10,904

-2,269

-16,637

9,636

6,707

-19,241

9,606

-263

5,959

-5,901

2,465

-117

-6,257

SUPPLEMENTARY CASH FLOWS INFORMATION
Interest paid

1,396

1,429

1,368

1,274

1,110

1,032

945

854

765

736

667

614

588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

572

592

-

668

713

788

842

844

808

840

859

885

896

934

999

1,142

1,201

1,297

1,344

1,384

1,419

1,535

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

0

355

15

180

363

200

85

263

157

340

371

221

185

468

238

300

511

365

0

Right of use asset recognized

-

0

0

0

904

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use liability recognized

-

0

0

0

916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTARY SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Foreclosed real estate acquired in settlement of loans

-

47

67

37

61

-

-

-

-

-

-

-

-

170

102

65

32

913

220

25

20

277

92

0

79

405

71

60

168

114

0

474

413

107

74

71

0

Securities purchased and not settled

-

-

-

-

-

-

-

-

235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,065

-

-

-

-

-

-

-

3,681