MALVERN BANCORP, INC. MLVF Cash Flow

Malvern bancorp, inc. (MLVF)

CashFlow / TTM

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
8,048	8,106	9,332	9,275	8,862	8,914	7,306	6,619	6,095	5,247	5,817	11,813	11,683	11,779	12,150	6,333	5,949	5,691	4,668	3,216	2,402	968	711	-18,741	-18,991	-19,410	-18,803	184	315	1,379	1,959	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense
753	757	761	762	763	762	758	749	740	732	724	716	695	671	650	640	641	645	646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	700	703	710	724	0	0	0
Provision for Loan Losses
2,831	3,076	2,379	0	0	0	-	-	-	-	2,791	2,402	2,229	1,607	947	847	375	0	90	273	273	273	263	10,060	9,870	10,915	11,235	1,705	2,230	1,510	810	0	0	0
Deferred income tax benefit
460	560	231	239	92	209	3,353	3,869	4,119	4,513	2,092	-6,435	-5,985	-5,658	-6,316	578	1,015	-835	-1,035	-312	-1,736	-1,216	-367	5,857	6,361	6,544	6,025	-570	-417	-1	541	0	0	0
ESOP expense
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ESOP expense
-	-	-	-	-	-	-	363	351	338	311	284	266	253	242	237	227	211	195	179	164	156	160	163	168	171	169	158	143	127	103	0	0	0
Stock based compensation
224	227	209	232	167	141	142	98	144	123	110	0	0	2	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums and discounts on investments securities, net
-242	-187	-275	-295	-324	-335	-360	-378	-500	-652	-814	-987	-1,116	-1,371	-1,243	-1,311	-1,248	-3,773	-849	-521	-348	2,427	488	982	1,281	1,291	735	260	325	337	165	0	0	0
Amortization (accretion) of loan origination fees and costs
-1,856	-1,910	-183	509	109	277	77	249	170	402	924	989	951	318	-748	-921	-917	-712	-296	-445	-342	-30	193	66	26	-215	267	696	2,214	1,917	1,010	0	0	0
Amortization of mortgage servicing rights
57	40	45	42	42	42	45	48	53	58	60	68	72	75	73	70	74	75	82	65	11	0	-22	-22	-9	-14	-6	6	122	91	74	0	0	0
Net gain on sale of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	565	499	415	620	515	437	361	95	83	59	283	466	479	0	0	0	-	-	-	-
Net gain on sale of real estate
-	-	-	-	-	-	1,186	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net gain on sale of secondary market loans
3	22	37	43	46	53	102	144	172	176	154	132	121	195	116	137	133	49	102	67	54	63	71	0	0	0	-	-	-	-	-	-	-	-
Net gain on sale of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net loss on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Proceeds from sale of secondary market loans
74	1,397	2,867	3,441	4,018	5,620	9,189	11,130	13,415	12,095	9,270	9,029	6,668	7,236	6,390	6,651	6,149	4,549	4,090	4,409	5,667	6,713	7,738	0	0	0	-	-	-	-	-	-	-	-
Originations of secondary market loans
71	1,375	2,830	3,397	3,972	5,567	9,087	10,986	13,243	11,919	9,116	8,897	6,547	7,041	6,274	6,514	6,016	4,500	3,988	4,342	5,613	6,650	7,667	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	124	0	0	0	-	-	-	240	330	253	191	131	73	0	0	0
Write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	249	304	349	341	828	1,052	1,154	1,648	1,168	1,194	1,408	1,014	0	0	0
Earnings on bank-owned life insurance
499	494	488	484	481	480	480	484	490	496	505	510	513	515	517	672	676	680	680	529	537	546	559	571	591	599	1,176	1,156	1,130	1,114	526	0	0	0
Decrease (increase) in accrued interest receivable
-223	337	453	666	761	380	661	734	406	445	581	123	555	177	74	310	454	1,099	1,162	1,104	788	185	-82	-201	7	-2	-117	-47	-259	-365	-376	0	0	0
(Decrease) increase in accrued interest payable
14	20	194	348	146	152	90	35	64	651	267	624	213	50	31	90	129	147	247	198	179	118	10	-121	-136	-105	-127	25	18	-16	33	0	0	0
Operating lease liability payments
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other liabilities
11,244	6,235	6,630	3,138	328	-1,807	-1,631	-421	2,251	3,234	563	2,044	-422	-53	766	-1,004	-1,026	-193	349	414	1,570	504	-79	1,648	-96	400	141	-745	861	35	306	0	0	0
Increase in other assets
10,634	5,819	9,476	4,661	2,979	2,490	439	1,810	1,356	1,513	1,058	-506	87	-468	44	1,512	1,351	1,448	714	404	-33	-630	114	1,023	257	951	809	-757	887	364	335	0	0	0
Amortization of subordinate debt
0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by Operating Activities
14,741	14,730	10,241	10,948	9,909	8,028	9,058	8,673	11,571	13,027	9,832	10,751	7,359	9,121	9,334	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Cash Flows from Investing Activities
Decrease in prepaid FDIC assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-391	-594	-596	-815	-829	0	0	0
Net Cash Provided by Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,226	2,395	-1,187	-33	-25,605	-2,952	-2,181	-1,850	0	0	0	-	-	-	-
Investment securities available-for-sale:
Purchases
24,990	18,142	17,890	12,000	5,000	5,000	30,140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	97,975	79,449	52,602	55,666	0	0	0
Sales
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	27,709	19,194	10,217	24,128	0	0	0
Maturities, calls and principal repayments
15,832	12,094	22,092	20,952	30,000	30,000	20,123	10,098	555	260	583	2,255	1,951	1,219	2,437	1,228	1,831	2,662	6,032	10,266	12,219	15,586	14,138	14,958	18,409	21,234	27,534	36,592	38,850	39,145	37,440	0	0	0
Investment securities held-to-maturity:
Purchases
-	-	-	-	-	-	-	-	-	-	250	251	1	1	2,116	10,595	48,980	105,049	160,103	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,455	48,729	61,862	70,413	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities, calls and principal repayments
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	626	0	0	0
Maturities, calls and principal repayments
-	-	-	-	-	-	-	4,739	3,718	3,976	5,350	9,524	14,889	16,253	16,391	13,215	8,452	6,713	4,454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in loans
0	0	-	0	0	0	-	94,087	85,811	140,067	262,039	247,475	238,892	208,225	184,548	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,836	25,876	4,218	7,507	1,707	0	0	0	-	-	0	0
Loan buyback for sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,117	0	0	0	-	-	-	-	-	-	-	-
Loan purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,952	36,785	35,151	33,436	31,060	31,155	29,412	29,640	30,901	0	0	0
(Loan originations) and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,697	19,649	65,216	54,978	49,911	58,365	31,227	37,965	52,949	66,065	0	0	0
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,174	1,112	1,694	1,701	2,694	4,680	5,092	5,014	3,917	3,587	2,789	4,642	6,169	0	0	0
Additions to mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	37	148	155	160	169	151	153	158	129	31	71	53	0	0	0
Proceeds from death benefit of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,049	1,049	1,049	1,049	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in restricted stock
1,961	1,622	2,592	1,624	370	3,564	2,979	3,323	3,186	514	135	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,262	874	1,226	569	465	-224	-335	-418	-1,109	-867	-1,116	-1,427	-1,202	0	0	0
Proceeds from sale of real estate
-	-	-	-	-	-	1,315	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
284	283	258	317	355	456	561	936	1,330	1,466	1,594	1,244	1,101	954	752	792	539	412	358	244	241	255	244	213	251	258	282	319	228	214	234	0	0	0
Net Cash Used in Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-63,399	-4,655	21,722	56,508	70,934	7,305	-20,242	-19,267	0	0	0	-	-	-	-
Net Cash Provided by (Used in) Investing Activities
-6,258	-70,289	-103,144	-108,265	-138,226	-100,486	-76,379	-110,075	-67,913	-115,767	-206,966	-175,217	-185,143	-140,876	-104,212	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Cash Flows from Financing Activities
Net (decrease) increase in deposits
-26,474	100,619	179,648	169,267	116,805	46,101	-16,233	28,253	121,297	138,476	188,350	180,636	155,482	123,922	136,524	135,825	104,644	94,076	52,569	-2,818	-14,577	-30,376	-71,643	-71,102	-75,374	-64,075	-56,392	-21,107	-2,932	-16,205	-13,467	0	0	0
Proceeds for long-term borrowings
-	-	70,000	105,000	100,000	135,000	140,000	140,000	140,000	140,000	140,000	140,000	141,000	141,000	121,000	101,000	93,000	78,000	93,000	82,500	59,500	39,500	14,500	0	0	0	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
-	-	55,000	90,000	120,000	135,000	140,000	140,000	140,000	140,000	140,000	145,000	146,000	126,000	106,000	71,000	68,000	53,000	38,000	0	0	0	-	-	-	-	-	-	-	846	1,013	0	0	0
Repayment of other borrowed money
-	-	2,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash from mutual holding company reorganization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	0	0
Repayment of other borrowed money
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,011	39,658	4,847	-60,975	-70,257	-77,725	-70,827	-87,106	0	0	0	-	-	-	-
Increase in advances from borrowers for taxes and insurance
349	202	456	197	-219	-753	-248	-398	-761	361	-106	-389	11	-256	-147	-310	-1,154	-344	20	-171	1,235	223	668	845	649	-1,752	112	0	0	0	-	-	-	-
Increase in advances from borrowers for taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net proceeds from issuance of common stock
-	-	23,344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0
Net Cash (Used in) Provided by Financing Activities
6,765	115,485	215,612	199,972	117,427	63,692	-18,981	35,356	112,300	168,101	217,508	199,510	185,493	138,666	151,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net (Decrease) Increase in Cash and Cash Equivalents
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-66,046	55,958	65,361	20,374	35,044	7,709	6,911	56,499	54,090	6,400	8,318	21,076	-18,162	37,398	25,382	-4,500	-24,928	-73,372	-93,250	-108,223	7,147	28,992	58,079	98,414	0	0	0
Supplemental Cash Flows Information
Interest paid
19,947	19,502	18,386	16,471	14,900	13,678	12,904	12,274	11,597	10,058	9,179	7,796	7,383	7,072	6,701	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash transfer of loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Transfer from investment securities available-for-sale to investment securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Income taxes paid
-	-	1,367	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,899	4,882	4,875	5,061	5,510	5,888	6,432	7,071	7,378	7,773	8,088	8,379	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	0	0	0	-	-	-	-	-	-	-	-
Non-cash transfer to other real estate owned
-	-	5,796	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	944	1,770	3,930	4,612	4,603	0	0	0	-	-	-	-
Stock subscription funds transferred to shareholders' equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Stock funds transferred to equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0