Lake shore bancorp, inc. (LSBK)
CashFlow / TTM
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

3,920

4,087

3,915

3,761

3,962

4,000

3,580

3,462

3,598

3,378

2,938

2,755

2,277

3,515

4,209

4,688

4,723

3,338

3,300

2,752

2,952

3,158

3,413

3,711

3,612

3,743

3,553

3,430

3,525

3,626

3,352

3,645

3,737

3,680

0

0

0

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

-42

-48

-55

-64

-75

-83

-88

-95

-97

-110

-130

-147

-165

-180

-193

-215

-254

-283

-308

-318

-308

-303

-306

-342

-408

-488

-665

-691

-640

-558

-348

-243

-178

-124

0

0

0

Net amortization of deferred loan costs

-595

-598

-589

-595

-599

-576

-620

-612

-615

-622

-582

-597

-565

-569

-548

-567

-579

-552

-537

-489

-448

-462

-473

-480

-521

-518

-515

-529

-520

-550

-564

-544

-534

-517

0

0

0

Provision for loan losses

1,325

900

800

625

390

390

375

325

235

510

1,265

1,315

1,345

1,125

470

375

505

400

0

0

0

-

-

-

-

105

491

651

736

656

390

180

360

415

0

0

0

Recovery on previously impaired investment securities

57

54

60

81

136

145

163

154

118

135

131

145

146

142

144

153

163

160

162

149

124

175

0

0

0

-

-

-

-

-

-

-

-

57

0

0

0

Unrealized loss (gain) on equity securities

-29

43

50

23

30

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

244

244

222

25

1,636

0

0

0

-

-

-

-

59

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate swap

-204

-80

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

0

-

-

-

-

944

1,050

831

816

1,069

1,190

2,698

4,177

5,022

7,267

9,169

9,402

9,450

8,162

4,902

2,969

1,737

931

960

1,353

1,436

1,384

1,199

806

767

426

542

795

639

0

0

0

Proceeds from sales of loans held for sale

0

-

-

-

-

956

1,064

842

825

1,083

1,204

2,767

4,290

5,143

7,408

9,282

9,490

9,547

8,261

4,978

3,024

1,768

936

960

1,353

1,436

1,384

1,199

806

767

426

542

795

639

0

0

0

Gain on sale of loans held for sale

0

-

-

-

-

12

14

11

9

14

14

69

113

121

141

113

88

97

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

821

809

795

787

776

774

783

795

823

852

867

876

874

865

855

849

845

834

816

799

774

750

742

727

714

699

684

675

669

663

655

649

649

655

0

0

0

Increase in bank owned life insurance, net

503

500

489

464

427

392

363

351

355

358

342

321

301

281

275

273

272

272

273

270

265

259

258

259

266

283

281

277

267

248

245

248

253

257

0

0

0

ESOP shares committed to be released

117

120

121

121

128

130

132

130

128

126

123

118

112

108

105

106

107

107

107

104

102

99

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation expense

273

322

374

403

429

445

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

ESOP shares committed to be released

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

80

79

79

81

0

0

0

Stock based compensation expense

-

-

-

-

-

-

-

-

-

-

314

282

245

217

257

256

232

220

239

190

148

110

66

42

39

41

51

51

50

44

86

131

151

223

0

0

0

Increase in accrued interest receivable

94

240

192

300

179

112

210

197

147

201

102

68

79

-48

-70

-138

-197

-68

-62

-7

-34

-71

-88

-76

-36

-15

-60

-17

-1

-117

-91

-120

-126

118

0

0

0

Decrease (increase) in other assets

150

480

295

315

249

18

89

-52

-176

-62

-115

-332

-123

-280

267

561

429

141

35

-98

-232

219

-14

185

12

-65

-72

-338

-235

-380

-763

-487

-88

-942

0

0

0

Decrease in other liabilities

405

197

680

440

346

163

157

-38

-502

381

-508

-579

-286

-344

-264

42

-13

-118

26

-524

-216

-133

-276

668

877

-83

868

328

-376

458

-517

-1,051

-861

-533

0

0

0

Net Cash Provided by Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,781

-

4,894

4,263

4,500

4,347

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Operating Activities

6,919

5,836

6,590

5,929

5,939

6,114

5,618

5,433

5,060

5,827

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

5,773

5,515

5,790

6,152

0

0

0

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

-

-

-

-

-

-

-

-

-

6,510

6,510

5,445

736

14,406

0

0

0

-

-

-

-

10,337

10,855

13,308

4,515

4,381

0

0

0

-

-

-

-

-

-

-

-

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

19,231

18,827

16,192

14,538

9,956

9,426

9,237

9,537

11,357

12,002

11,890

12,920

11,516

11,857

11,795

11,974

13,021

14,026

14,875

14,964

14,375

14,274

14,380

16,678

20,891

25,863

31,710

35,016

35,612

34,652

32,662

28,632

25,538

24,336

0

0

0

Activity in available for sale securities: Purchases

0

-

-

-

-

16,169

21,649

21,583

13,101

13,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

35,973

38,723

27,244

26,869

32,601

40,066

36,058

32,037

30,203

0

0

0

Purchases of Federal Home Loan Bank Stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of Federal Home Loan Bank Stock

0

-

-

-

-

-

-

-

-

-

-

-

-

119

117

342

344

274

276

225

542

538

597

506

241

292

0

0

0

-

-

-

-

-

-

-

-

Redemptions of Federal Home Loan Bank Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Loan origination and principal collections, net

74,376

80,053

76,542

60,840

32,679

30,122

28,351

19,767

27,463

40,309

44,428

50,974

45,546

31,281

27,865

20,740

17,243

14,274

20,880

21,292

12,182

8,600

2,347

7,638

4,445

5,606

10,131

5,201

3,632

-47

-8,957

-3,859

5,708

13,198

0

0

0

Additions to premises and equipment

977

810

736

777

754

818

775

892

1,525

1,480

1,522

1,284

482

468

437

463

484

459

443

453

564

627

467

401

407

657

2,057

2,102

2,021

1,822

446

392

308

216

0

0

0

Net Cash Used in Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20,415

-

4,019

-5,986

11,183

16,170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-60,269

-64,730

-66,679

-54,951

-40,775

-39,087

-42,871

-31,139

-24,918

-36,462

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,523

-3,582

-7,422

-14,260

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits

60,659

51,018

35,374

25,161

22,788

27,305

34,978

39,631

26,942

19,260

26,457

17,836

19,630

16,738

2,596

-7,001

-11,480

-17,784

-17,635

-10,948

-10,677

-1,296

-1,647

-299

9,045

9,692

-1,474

8,313

-3,690

-1,255

8,843

5,889

11,218

4,013

0

0

0

Net decrease in advances from borrowers for taxes and insurance

67

99

110

128

63

134

-83

-17

-50

-183

-139

-117

-147

-102

-47

-122

-26

-130

-145

-77

-51

-39

111

255

176

245

0

0

0

-

-

-

-

-

-

-

-

Net decreases in advances from borrowers for taxes and insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Increase in short term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,650

-11,700

-13,150

-1,750

450

-2,450

-1,170

580

4,290

9,500

8,370

4,270

1,910

0

0

0

Proceeds from issuance of long-term debt

16,700

16,250

14,050

1,050

750

1,500

1,500

1,500

10,500

9,700

0

0

0

-

-

-

-

10,450

8,250

3,250

16,550

15,200

15,200

15,200

1,900

1,750

0

0

0

-

-

-

-

-

-

-

-

Repayment of long-term debt

6,700

6,250

4,050

4,050

3,050

3,800

3,800

3,800

2,500

1,700

1,700

1,700

700

2,200

2,200

7,200

7,200

8,250

8,250

3,250

4,650

4,100

5,400

5,800

5,100

8,300

7,750

9,350

10,870

12,830

15,440

14,530

15,000

11,030

0

0

0

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

1,118

1,588

1,216

824

615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

1,685

1,419

1,706

1,659

1,230

1,448

0

0

0

-

-

-

-

455

543

476

612

746

541

541

270

62

0

0

0

-

-

-

-

-

-

-

-

169

0

0

0

Cash dividends paid

1,264

1,272

1,206

954

917

880

870

828

787

743

720

948

917

888

879

617

614

611

607

603

597

590

588

587

575

587

671

926

940

928

832

576

646

647

0

0

0

Net Cash Provided by Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-11,908

-

-18,217

-11,404

-10,847

-1,908

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Financing Activities

67,783

58,432

42,578

27,676

18,404

22,811

30,949

35,861

33,511

26,069

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,105

327

4,038

-1,702

0

0

0

Net Increase in Cash and Cash Equivalents

14,433

-462

-17,511

-21,346

-16,432

-10,162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

5,894

-8,230

-12,345

11,252

5,891

13,352

13,288

-1,584

-9,304

-13,127

4,836

18,609

22,421

4,865

1,634

-2,563

-19,535

6,708

-3,191

-3,939

9,401

2,260

2,406

-9,810

0

0

0

SUPPLEMENTARY CASH FLOWS INFORMATION
Interest paid

5,467

5,181

4,784

4,361

3,941

3,596

3,300

3,022

2,782

2,605

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,563

-

3,011

3,187

3,282

3,334

3,351

3,392

3,480

3,574

3,714

3,971

4,276

4,639

4,984

5,226

5,444

5,682

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

580

550

913

758

828

911

705

845

1,131

1,089

1,117

1,245

1,112

1,191

1,517

1,414

1,176

0

0

0

Right of use asset recognized

-

904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use liability recognized

-

916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

212

0

0

0

-

-

-

-

-

-

-

-

369

1,112

1,230

1,190

1,178

542

414

389

448

576

555

615

704

413

342

756

1,001

994

1,068

665

252

0

0

0

Securities purchased and not settled

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0