MALVERN BANCORP, INC. MLVF Cash Flow

Malvern bancorp, inc. (MLVF)

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
Cash Flows from Operating Activities
Net Income
1,908	785	2,699	2,656	1,966	2,011	2,642	2,243	2,018	403	1,955	1,719	1,170	973	7,951	1,589	1,266	1,344	2,134	1,205	1,008	321	682	391	-426	64	-18,770	141	-845	671	217	272	219	1,251
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense
187	187	188	191	191	191	189	192	190	187	180	183	182	179	172	162	158	158	162	163	162	159	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163	158	163	-	176	175	172	177	179	182	186
Provision for Loan Losses
625	2,150	0	56	870	1,453	-	-	-	-	489	645	997	660	100	472	375	0	0	0	0	90	183	0	0	80	9,980	-190	1,045	400	450	335	325	-300
Deferred income tax benefit
-168	34	702	-108	-68	-295	710	-255	49	2,849	1,226	-5	443	428	-7,301	445	770	-230	-407	882	-1,080	-430	316	-542	-560	419	6,540	-38	-377	-100	-55	115	39	442
ESOP expense
69	81	-	-	66	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ESOP expense
-	-	-	-	-	-	-	92	88	96	87	80	75	69	60	62	62	58	55	52	46	42	39	37	38	46	42	42	41	44	31	27	25	20
Stock based compensation
46	32	37	109	49	14	60	44	23	15	16	90	2	2	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums and discounts on investments securities, net
84	-181	-65	-80	139	-269	-85	-109	128	-294	-103	-231	-24	-456	-276	-360	-279	-328	-344	-297	-2,804	2,596	-16	-124	-29	657	478	175	-19	101	3	240	-7	-71
Amortization (accretion) of loan origination fees and costs
16	-1,535	-747	410	-38	192	-55	10	130	-8	117	-69	362	514	182	-107	-271	-552	9	-103	-66	-136	-140	0	246	87	-267	-40	5	569	162	1,478	-292	-338
Amortization of mortgage servicing rights
28	5	13	11	11	10	10	11	11	13	13	16	16	15	21	20	19	13	18	24	20	20	1	-30	9	-2	1	-17	4	6	13	99	-27	-11
Net gain on sale of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	229	61	131	78	145	266	26	0	69	0	14	-24	293	183	27	-	-	-	-
Net gain on sale of real estate
-	-	-	-	-	-	0	0	0	1,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-314	22	164	-	-	-	-
Net gain on sale of secondary market loans
0	3	0	0	19	18	6	3	26	67	48	31	30	45	26	20	104	-34	47	16	20	19	12	3	29	27	-	-	-	-	-	-	-	-
Net gain on sale of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	455
Net loss on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Proceeds from sale of secondary market loans
0	73	0	1	1,323	1,543	574	578	2,925	5,112	2,515	2,863	1,605	2,287	2,274	502	2,173	1,441	2,535	0	573	982	2,854	1,258	1,619	2,007	-	-	-	-	-	-	-	-
Originations of secondary market loans
0	70	1	0	1,304	1,525	568	575	2,899	5,045	2,467	2,832	1,575	2,242	2,248	482	2,069	1,475	2,488	-16	553	963	2,842	1,255	1,590	1,980	-	-	-	-	-	-	-	-
Gain on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	3	7	61	53	-	-	-	6	220	13	1	96	143	-49	-59	38
Write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	35	0	19	195	90	45	11	682	314	147	505	202	340	361	111
Earnings on bank-owned life insurance
125	127	125	122	120	121	121	119	119	121	125	125	125	130	130	128	127	132	285	132	131	132	134	140	140	145	146	160	148	722	126	134	132	134
Decrease (increase) in accrued interest receivable
60	-192	16	-107	620	-76	229	-12	239	205	302	-340	278	341	-156	92	-100	238	80	236	545	301	22	-80	-58	34	-97	128	-67	-81	-27	-84	-173	-92
(Decrease) increase in accrued interest payable
-398	293	-465	584	-392	467	-311	382	-386	405	-366	411	201	21	-9	0	38	2	50	39	56	102	1	20	-5	-6	-130	5	26	-28	22	-2	-8	21
Operating lease liability payments
-166	-166	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other liabilities
5,944	1,410	1,901	1,989	935	1,805	-1,591	-821	-1,200	1,981	-381	1,851	-217	-690	1,100	-615	152	129	-670	-637	985	671	-605	519	-81	88	1,122	-1,225	415	-171	236	381	-411	100
Increase in other assets
5,745	-1,239	4,485	1,643	930	2,418	-330	-39	441	367	1,041	-493	598	-88	-523	100	43	424	945	-61	140	-310	635	-498	-457	434	1,544	-1,264	237	292	-22	380	-286	263
Amortization of subordinate debt
39	39	-	39	40	39	-	39	40	39	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by Operating Activities
1,908	7,870	1,377	3,586	1,897	3,381	2,084	2,547	16	4,411	1,699	5,445	1,472	1,216	2,618	2,053	3,234	1,429	-	-	-	-	-	-	-	-	-	-	-	-	-	-	889	857
Cash Flows from Investing Activities
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-191	8	-208	-203	-193	-211	-222
Net Cash Provided by Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,704	2,924	-1,668	266	873	-658	-514	-25,306	23,526	113	-183	-	-	-	-
Investment securities available-for-sale:
Purchases
6,848	5,252	5,890	7,000	0	5,000	0	0	0	30,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,266	-	33,811	38,666	14,496	11,002	15,285	11,819	17,560
Sales
5,045	0	-	-	0	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	824	-	12,415	14,003	17	1,274	3,900	5,026	13,928
Maturities, calls and principal repayments
3,738	2	11,140	952	0	10,000	10,000	10,000	0	123	-25	457	-295	446	1,647	153	-1,027	1,664	438	756	-196	5,034	4,672	2,709	3,171	3,586	5,492	6,160	5,996	9,886	14,550	8,418	6,291	8,181
Investment securities held-to-maturity:
Purchases
-	-	-	-	-	-	-	-	-	-	0	250	0	0	1	0	0	2,115	8,480	38,385	56,069	57,169	-	-	-	-	-	-	-	-	-	-	-	-
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,928	17,041	12,500	10,986	8,202	30,174	21,051	-	-	-	-	-	-	-	-	-	-	-	-
Maturities, calls and principal repayments
2,627	1,737	-	-	2,688	512	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	334	16	21	255
Maturities, calls and principal repayments
-	-	-	-	-	-	-	1,968	1,000	747	1,024	947	1,258	2,121	5,198	6,312	2,622	2,259	2,022	1,549	883	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in loans
10,886	-11,400	-	12,857	73,383	29,560	-	56,619	30,660	-27,559	34,367	48,343	84,916	94,413	19,803	39,760	54,249	70,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	15,469	0	10,367	40	-6,189	3,289	4,567	-	-	0	0
Loan buyback for sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,117	-	-	-	-	-	-	-	-
Loan purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,088	13,106	9,187	6,747	7,745	11,472	7,472	4,371	7,840	9,729	7,700	5,632
(Loan originations) and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,459	-4,492	14,120	7,610	2,411	41,075	3,882	2,543	10,865	13,937	10,620	17,527	23,981
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	201	344	126	503	139	926	133	1,496	2,125	1,338	55	399	1,795	540	1,908	1,926
Additions to mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	5	4	8	20	116	11	13	29	98	13	18	0	0	53	0
Proceeds from death benefit of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in restricted stock
-202	-14	725	1,452	-541	956	-243	198	2,653	371	101	61	-19	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-791	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	396	-233	797	302	8	119	140	198	-681	8	57	-493	-439	-241	-254	-268
Proceeds from sale of real estate
-	-	-	-	-	-	0	0	0	1,315	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
73	103	71	37	72	78	130	75	173	183	505	469	309	311	155	326	162	109	195	73	35	55	81	70	49	44	50	108	56	68	87	17	42	88
Net Cash Used in Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,004	-24,087	-28,487	12,179	35,740	2,290	6,299	26,605	-27,889	-25,257	7,274	-	-	-	-
Net Cash Provided by (Used in) Investing Activities
-6,195	7,798	7,102	-14,963	-70,226	-25,057	1,981	-44,924	-32,486	-950	-31,715	-2,762	-80,340	-92,149	34	-12,688	-36,073	-55,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,409	25,259
Cash Flows from Financing Activities
Net (decrease) increase in deposits
-27,919	-9,992	-3,388	14,825	99,174	69,037	-13,769	-37,637	28,470	6,703	30,717	55,407	45,649	56,577	23,003	30,253	14,089	69,179	22,304	-928	3,521	27,672	-33,083	-12,687	-12,278	-13,595	-32,542	-16,959	-979	-5,912	2,743	1,216	-14,252	-3,174
Proceeds for long-term borrowings
-	-	0	40,000	0	30,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	36,000	35,000	15,000	15,000	28,000	20,000	30,000	4,500	5,000	0	5,000	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
-	-	0	5,000	20,000	30,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	35,000	40,000	36,000	15,000	15,000	5,000	33,000	0	0	-	-	-	-	-	-	-	85	255	253	253	252
Repayment of other borrowed money
-	-	0	0	0	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from mutual holding company reorganization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	-	-	0	0
Repayment of other borrowed money
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,050	24,754	59,020	-35,713	-8,403	-10,057	-6,802	-44,995	-15,871	-3,159	-23,081	-	-	-	-
Increase in advances from borrowers for taxes and insurance
249	583	-1,584	1,101	102	837	-1,843	685	-432	1,342	-1,993	322	690	875	-2,276	722	423	984	-2,439	-122	1,233	1,348	-2,630	1,284	221	1,793	-2,453	1,088	-2,180	3,657	-	-	-	-
Increase in advances from borrowers for taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-1,655
Net proceeds from issuance of common stock
-	-	0	0	0	23,344	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,841	-	-	0	0
Net Cash (Used in) Provided by Financing Activities
-29,447	-9,409	-4,972	50,593	79,273	90,718	-20,612	-31,952	25,538	8,045	33,725	44,992	81,339	57,452	15,727	30,975	34,512	70,163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,514	-1,771
Net (Decrease) Increase in Cash and Cash Equivalents
-33,734	6,259	-	-	10,944	69,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-74,329	-6,932	11,506	3,709	47,675	2,471	-33,481	18,379	20,340	1,673	16,107	15,970	-27,350	3,591	28,865	-23,268	28,210	-8,425	-1,017	-43,696	-20,234	-28,303	-15,990	71,674	1,611	784	24,345
Supplemental Cash Flows Information
Interest paid
5,189	4,614	5,733	4,411	4,744	3,498	3,818	2,840	3,522	2,724	3,188	2,163	1,983	1,845	1,805	1,750	1,672	1,474	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash transfer of loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	640	109
Transfer from investment securities available-for-sale to investment securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,671
Income taxes paid
-	-	112	486	606	163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,262	1,273	1,150	1,214	1,245	1,266	1,336	1,663	1,623	1,810	1,975	1,970	2,018	2,125	2,266
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	-	-	-	-	-	-	-	-
Non-cash transfer to other real estate owned
-	-	0	0	0	5,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	589	274	70	11	1,415	2,434	752	2	-	-	-	-
Stock subscription funds transferred to shareholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	34,633	-	-	-	-
Stock funds transferred to equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0