NORTHEAST BANCORP /ME/ NBN Cash Flow

Northeast bancorp /me/ (NBN)

CashFlow / Quarterly

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	Sep'11	Jun'11	Mar'11
Other noninterest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	689	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total noninterest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,710	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,595	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	948	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating activities:
Net income
4,828	5,125	4,534	4,344	3,932	3,304	4,586	4,027	3,461	3,100	1,751	2,198	1,810	1,744	1,867	2,165	1,752	1,577	1,647	542	437	1,393	320	205	1,665	1,516	1,034	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Interest and fees on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,922	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	244	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other interest and dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest and dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,232	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	323	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wholesale repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures issued to affiliated trusts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	206	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Obligation under capital lease agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest and dividend income before provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,471	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	529	561	11,991
Provision for loan losses
414	101	532	254	364	438	354	389	385	627	193	317	236	896	169	240	44	113	320	124	180	150	77	301	346	247	228	312	100	134	400	658	49
Gain on sales of loans held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	505	265	341	539	714	625	914	756	-	-	-	-	-	-
Gain on sales of portfolio loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	445	80	403	373	14	216	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale and impairment of real estate owned and other repossessed collateral, net
0	-24	-40	-138	4	11	0	-113	101	3	-14	-134	-53	-15	-53	125	329	-3	-23	13	165	-13	-102	-	-	-	-	-	-	-	-	-	-
Net unrealized gain on equity securities
65	50	-40	-	-	-	0	-	-	-	-	-	0	0	-6	-	-	-	-	0	-17	0	1	-	-	-	-	-6	4	23	-25	0	4
Amortization of subordinated debt issuance costs
28	27	28	27	28	27	28	27	-55	76	62	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale and impairment of real estate owned and other repossessed collateral, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	451	-	-	-	-	-	-
Originations of loans held for sale
13,833	18,932	25,271	23,353	19,313	18,764	30,545	15,428	40,718	33,319	33,459	63,081	17,289	22,763	26,877	-	-	-	-	28,455	18,260	17,218	27,433	35,100	32,788	35,778	38,204	-	-	-	-	-	-
(Gain) loss on sale or impairment of repossessed collateral, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77	-21	-55
Originations of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,883	28,571	18,904	29,812
Net proceeds from sales of loans held for sale
19,195	21,678	26,523	23,966	24,200	21,496	29,450	37,288	45,551	37,342	33,758	36,764	33,233	29,207	35,318	-	-	-	-	26,842	15,524	16,151	31,148	34,988	33,907	41,416	35,856	29,424	23,894	42,869	27,998	22,512	29,826
Net interest and dividend income after provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees for other services to customers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of residential loans held for sale
108	105	174	159	227	254	291	292	282	336	542	392	335	397	560	493	355	445	584	-	-	-	-	-	-	-	-	-	-	-	656	-	-
Gain on sales of SBA and other loans held for sale
1,150	942	851	1,415	1,076	363	1,019	1,866	1,300	1,733	743	1,620	1,204	679	675	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in servicing rights
-9	76	-40	28	7	-50	-109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of portfolio loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	445	80	403	373	14	216	-	-	-	-	-	-	-	-	-	-
Other noninterest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total noninterest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,154	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,533	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy and equipment expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Professional fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	308	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Data processing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	345	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan acquisition and collection expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
107	109	109	108	107	109	109	108	106	109	109	108	107	131	131	129	129	165	166	164	162	210	210	208	205	265	265	-	-	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	262	336	406	636	444
Bank-owned life insurance income, net
109	109	110	110	108	111	112	113	113	114	114	113	112	112	112	111	110	110	109	109	108	116	118	119	118	358	123	124	124	126	127	132	126
Depreciation of premises and equipment
330	329	333	331	333	344	292	311	369	374	395	401	406	419	405	-	-	-	-	459	505	513	522	462	441	418	424	392	303	300	304	290	281
Net (gain) loss on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-53	1,146	47
Stock-based compensation
310	388	299	235	150	265	220	256	206	281	202	168	165	296	-16	-	-	-	-	74	141	148	323	189	162	113	99	124	111	105	105	105	105
Net gain on sale of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	792	-	-	-	-	-	-
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	554	0
Gain on sale of assets of insurance division
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14	51	0	1,529	0	0
Amortization of available-for-sale debt securities, net
-77	-88	-109	-165	-187	-210	-240	-245	-255	-269	-286	-271	-264	-268	-222	-	-	-	-	-265	-304	-333	-335	-457	-459	-374	-420	-432	-396	-470	-373	-579	-301
Changes in other assets and liabilities:
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,145	296
Interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195	322	-131	-585
Other assets
660	105	-496	-593	548	386	990	961	1,840	-610	15	1,281	543	356	-521	-	-	-	-	-2,554	-4,590	6,071	497	-1,802	-896	-583	-349	740	836	-439	116	-144	-159
Other liabilities
721	4,137	-9,085	8,541	472	761	-3,992	5,200	813	1,047	-345	1,685	1,224	2,032	-3,059	-	-	-	-	1,903	-3,750	2,903	387	2,097	-422	1,336	-177	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	16,286	7,369	5,124	-	-	-	-	-1,424	-2,143	-5,007	3,035	701	-1,025	5,883	-4,236	-	-	-	-	-	-
Other assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,108	736	624	750
Net cash provided by operating activities
7,812	9,789	-4,023	11,816	6,630	5,675	-4,667	25,924	4,454	4,223	-611	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,658	-20	-1,204	-3,092	2,544	-3,923
Investing activities:
Proceeds from sales of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	159,579	0	129,992	48,447	606	131,078	64,588
Purchases of available-for-sale debt securities
5,983	5,994	15,992	10,971	5,981	9,222	0	0	10,470	0	9,056	24,594	3,018	12,548	5,000	-	-	-	-	6,141	30,257	9,079	3,004	0	0	0	167,294	0	134,717	51,274	0	155,743	51,029
Proceeds from maturities and principal payments on investment securities, net
7,423	7,523	17,680	12,829	7,962	10,884	2,067	1,990	2,088	2,445	14,681	14,634	17,470	8,592	5,808	-	-	-	-	5,636	32,517	11,589	6,576	4,345	4,190	3,021	3,647	4,254	6,392	5,833	6,390	4,905	10,706
Loan purchases
4,604	49,334	34,803	52,637	33,021	34,802	3,651	45,060	7,861	46,033	13,853	18,754	21,934	35,853	23,458	-	-	-	-	33,556	16,300	13,619	16,348	46,109	11,340	32,864	31,023	41,930	8,187	40,234	11,428	637	0
Loan originations and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,256
Proceeds from sales of portfolio loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,730	5,359	11	205	-	-	-	-	-	-	-	-	145	36,729
Loan originations, principal collections, and purchased loan paydowns, net
20,634	-63	-24,538	4,025	9,143	-22,941	-22,599	7,002	-37,330	-556	13,969	-53,070	8,671	21,136	-5,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations, principal collections, and purchased loan paydowns, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	243	-2,039	-31,961	-7,542	25,566	12,756	11,437	27,970	8,222	9,135	5,006	-	-
Purchases and disposals of premises and equipment, net
4	127	56	157	29	166	629	274	192	182	47	106	46	420	618	-	-	-	-	383	109	310	284	536	290	1,557	514	724	87	1,143	611	482	463
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11	-	-	-	-	-	-	-	-	0	16
Proceeds from sales of real estate owned and other repossessed collateral
0	62	694	4	-2	1,264	0	79	157	456	67	34	544	317	642	-	-	-	-	514	632	378	150	1,167	1,851	312	595	165	1	331	329	56	184
Proceeds from sale of assets of insurance division
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	137	0	9,726	0	0
Net cash used in investing activities
-23,408	-47,807	-7,939	-54,851	-40,214	-8,921	20,386	-50,267	21,052	-42,288	-22,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,321	3,858	-28,194	10,018	-15,610	71,987
Financing activities:
Redemption of regulatory stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-15,655	-59,517	-16,914	-	-	-	-	804	-7,915	-13,069	-44,655	-48,884	21,889	-12,515	-23,573	-	-	-	-	-	-
Net increase in deposits
31,033	-29,916	60,567	-21,340	127,626	-14,069	-27,127	40,371	9,911	34,163	4,978	47,484	26,184	33,289	18,722	-	-	-	-	11,090	26,862	4,638	47,676	-20,732	4,289	46,005	33,862	18,744	2,996	7,634	-7,012	-1,111	24,588
Net decrease in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-2,753	327	-53	130	-	-	-	-	399	117	498	1,345	-1,735	790	1,086	-725	-627	92	735	-1,506	-11,264	-49,264
Dividends paid on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	60	53	53	53	53	53	52	53
Dividends paid on common stock
89	91	89	89	89	90	87	89	87	88	93	93	95	97	95	-	-	-	-	104	939	939	940	941	939	935	935	316	315	315	316	317	314
Repurchase of common stock
-	-	-	-	-	-	-	0	0	0	6,943	144	1,886	781	548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of FHLBB borrowings and wholesale repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-10,000	-	-	-	-	-	-	-	-	-	0	-10,000	-30,000	-	-	-	-	-	-
Repayment of Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,000
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	16,175
Repayment of FHLB borrowings and wholesale repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,000	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,000	-	-	-	-	-	-	-	-	-	-
Repayment of structured repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Repayment of other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3	2,132	0	0
Repayment of capital lease obligation
71	70	69	70	66	67	65	65	65	63	62	62	62	60	56	-	-	-	-	46	46	45	44	44	44	42	42	42	41	41	40	40	39
Repurchases for tax withholdings on restricted common stock
4	2	132	11	43	1	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised, net
-36	-4	0	-120	0	-119	-854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases for tax withholdings on stock options and restricted common stock
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,896	10,936	-13,924	11,417	-76,635	14,957	25,040	-25,702	-	-	-	-	-	-
Net cash provided by financing activities
30,833	-30,083	60,277	-21,630	127,428	-19,346	-28,187	40,184	9,740	24,012	-2,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,373	2,679	7,963	-11,059	-12,758	-16,907
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	24,458	32,298	8,153	-	-	-	-	8,516	20,994	4,152	53,037	-28,452	-5,907	31,672	2,107	-	-	-	-	-	-
Net decrease in cash and cash equivalents
15,237	-68,101	48,315	-64,665	93,844	-22,592	-12,468	15,841	35,246	-14,053	-24,908	59,705	25,089	-19,850	-3,637	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63,394	6,517	-21,435	-4,133	-25,824	51,157
Income taxes paid, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	28
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	508	2,971
Transfers from loans to real estate owned and other repossessed collateral, net
551	0	50	1,431	36	88	1,214	260	753	-242	2,188	1,118	49	291	323	-	-	-	-	-643	447	196	1,531	143	756	300	3,010	100	162	577	180	-	-
Basic (in Shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,180	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in Shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,180	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends declared per common share (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to acquired assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27
Transfers from real estate owned and other repossessed collateral to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,055	0	44	0	0	96	0