NBT BANCORP INC NBTB Cash Flow

Nbt bancorp inc (NBTB)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating activities
Net income
121,021	112,566	82,151	78,409	76,425	75,074	61,747	54,558	57,901	57,404	52,011	58,353
Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses
25,412	28,828	30,988	25,431	18,285	19,539	22,424	20,269	20,737	29,809	33,392	27,181
Depreciation and amortization of premises and equipment
9,497	9,280	9,056	9,023	8,646	8,324	7,948	6,276	5,463	5,327	5,398	5,220
Net amortization on securities
-3,375	-4,007	-4,786	-5,278	-2,554	-3,216	-5,058	-2,408	-1,597	-1,468	-535	423
Amortization of intangible assets
3,600	4,000	4,000	3,928	4,864	5,047	4,872	3,394	3,046	3,072	3,246	2,105
Amount of amortization expense attributable to right-of-use asset from operating lease.
7,239	0	0	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock-based compensation
409	543	1,769	1,055	43	-	-	-	-	-	-	-
Stock-based compensation expense
4,210	3,936	3,644	4,378	4,086	3,521	4,305	4,364	3,244	3,782	3,133	2,105
Bank owned life insurance income
5,355	5,091	5,175	5,195	4,334	5,349	3,793	-3,077	3,085	3,316	3,135	4,923
Trading security purchases
0	0	1,586	287	810	1,626	1,085	753	447	184	460	456
Net unrealized losses on trading securities
0	0	623	594	-226	388	776	103	-193	214	543	669
Deferred income tax benefit
-	-	-	-	-	-	-	-10	-9,478	-14,955	-1,501	4,778
Proceeds from sale of loans held for sale
175,829	102,547	111,284	96,603	72,498	7,050	71,342	65,160	13,545	83,143	135,519	26,745
Originations of loans held for sale
181,261	108,070	111,206	96,692	69,677	10,215	66,512	66,252	14,167	80,469	138,583	-27,760
Net gain on sale of loans held for sale
786	286	349	499	239	17	1,288	2,469	329	911	953	-170
Net security losses (gains)
4,213	-6,341	1,867	-644	3,087	92	1,426	599	151	3,274	144	-1,535
Net losses (gains) on sale of other real estate owned
-227	230	221	687	1,337	459	1,106	988	2,531	517	306	-230
Gain on sale of equity investment
0	0	818	0	4,179	19,401	0	0	-	-	-	-
Impairment write-down of equity security
0	0	1,312	0	0	0	-	-	-	-	-	2,000
Impairment write-down of goodwill and intangible assets
0	0	1,530	2,565	0	-	-	-	-	-	-	-
Gain on asset sold
-	-	-	2,462	0	0	-	-	-	-	-	-
Amount of income tax expense (benefit) for remeasurement of deferred tax from change in tax rate pursuant to Tax Cuts and Jobs Act.
0	0	4,400	0	-	-	-	-	-	-	-	-
Net change in other assets and other liabilities
4,902	9,554	-7,400	8,223	-	-	-	-	-	-	-	-
Re-evaluation of deferred tax amounts from Tax Act
-	-	-	-	0	-	-	-	-	-	-	-
Prepayment penalties on long-term debt
-	-	-	-	-	17,902	0	0	-	-	-	-
Net (increase) in other assets
-	-	-	-	-15,386	19,601	-22,807	-6,804	3,579	-6,627	39,324	1,576
Net increase in other liabilities
-	-	-	-	5,236	5,286	-5,219	-128	11,806	2,645	6,399	-9,711
Net cash provided by operating activities
153,463	147,773	136,904	110,565	124,500	87,811	119,298	88,854	83,765	89,437	54,684	87,282
Net cash used in acquisitions
0	7,884	4,000	2,000	3,100	0	80,883	52,871	81,467	0	0	-
Securities Available For Sale [Abstract]
Net cash used in Mang Insurance Agency, LLC acquisition
-	-	-	-	-	-	-	-	-	-	-	-26,233
Proceeds from maturities, calls and principal paydowns
273,578	259,446	290,613	324,781	299,302	236,133	376,509	573,828	541,555	511,394	434,127	413,560
Proceeds from sales
26,203	101,315	14,788	98,466	15,091	189	27,593	1,790	2,437	103,253	2,753	6,800
Purchases
252,963	132,448	233,804	597,428	481,262	197,652	353,714	483,858	648,048	635,319	426,979	392,957
Securities Held To Maturity [Abstract]
Proceeds from maturities, calls and principal paydowns
223,733	100,738	103,759	100,893	79,212	44,756	34,413	31,506	47,186	112,399	90,668	91,309
Proceeds from sales
0	0	764	0	0	-	-	-	-	-	-	-
Purchases
70,660	400,602	60,706	157,418	95,272	49,479	84,621	20,193	20,736	48,701	110,496	82,525
Equity Securities, FV-NI, Held-for-investment [Abstract]
The cash inflow associated with the sale of equity securities.
3,966	3,318	0	0	-	-	-	-	-	-	-	-
The cash outflow associated with the purchase of equity securities.
93	2	0	0	-	-	-	-	-	-	-	-
Payments for (Proceeds from) Other Investments [Abstract]
Net increase in loans
272,698	331,166	419,114	344,448	315,363	212,238	255,318	277,530	172,920	-7,292	18,775	220,700
Proceeds from Federal Home Loan Bank stock redemption
182,752	246,844	248,887	158,818	60,852	78,441	27,409	0	-	-	-	-
Amount of cash outflow to acquire Federal Reserve Bank (FRB) stock and Federal Home Loan Bank (FHLB) stock.
174,143	253,367	248,560	-	-	-	-	-	-	-	-	-
Purchases of Federal Home Loan Bank stock
-	-	-	169,178	64,899	64,203	36,366	1,886	-226	-8,733	-3,066	943
Proceeds from settlement of bank owned life insurance
1,086	0	799	1,477	1,541	6,064	0	0	758	2,767	1,054	0
Purchase of bank owned life insurance
-	-	-	47,250	0	0	-	-	-	-	-	-
Purchases of premises and equipment, net
6,647	7,402	6,691	3,308	8,193	9,003	5,766	6,994	9,954	6,510	6,378	6,039
Proceeds from sale of equity investment
0	0	818	0	4,179	19,639	0	0	-	-	-	-
Proceeds from sales of other real estate owned
1,543	3,591	7,254	6,635	3,908	3,612	5,224	3,616	2,531	3,186	2,512	1,150
Net cash (used in) provided by investing activities
-64,343	-417,619	-305,193	-629,960	-504,004	-143,741	-183,754	-126,850	-175,498	58,494	-28,448	-216,578
Financing activities
Net increase in deposits
219,609	197,575	196,948	368,845	305,238	409,381	-7,545	135,095	87,992	41,306	169,788	51,165
Net (decrease) in short-term borrowings
-216,421	152,573	37,419	239,222	125,679	-139,240	271,497	-18,651	22,158	3,457	-50,515	-161,975
Proceeds from issuance of long-term debt
10,598	25,000	25,000	23,880	0	120,051	0	0	156	0	0	340,027
Repayments of long-term debt
20,111	40,145	40,218	50,240	498	315,831	163,595	3,354	2,146	184,824	77,511	132,705
Proceeds from the issuance of shares to employee and other stock plans
725	1,296	3,309	6,032	9,356	6,256	5,334	1,395	1,386	1,675	2,728	11,303
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	341	140	-243	700
Cash paid by employer for tax-withholding on stock issuance
1,622	1,893	3,582	3,387	1,664	-	-	-	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	33,401	0
Purchase of treasury stock
-	-	-	17,193	26,797	72	12,459	15,490	30,502	477	0	-5,939
Cash dividends
46,010	43,269	40,104	38,880	38,149	36,905	33,518	26,712	27,063	27,577	27,119	25,830
Net cash provided by (used in) financing activities
-53,232	291,137	178,772	528,279	373,165	43,640	59,714	72,283	52,322	-166,300	50,529	76,746
Net increase (decrease) in cash and cash equivalents
35,888	21,291	10,483	8,884	-6,339	-12,290	-4,742	34,287	-39,411	-18,369	76,765	-52,550
Supplemental disclosure of cash flow information
Cash paid during the period for:
Interest expense
55,908	36,691	25,887	22,466	20,908	23,387	31,307	35,344	40,135	54,668	79,819	113,597
Income taxes paid, net of refund
28,374	31,898	33,675	40,879	28,684	38,912	20,848	25,512	31,258	37,033	13,952	17,081
Cash Flow, Noncash Investing Activities Disclosure [Abstract]
Loans transferred to other real estate owned
787	1,273	5,981	6,863	3,293	4,330	4,746	2,734	2,927	-	-	-
Preferred stock acquired from sale of equity investment
-	-	-	-	-	2,762	0	0	-	-	-	-
Transfer of available for sale securities to held to maturity portfolio
-	-	-	-	-	332,115	0	0	-	-	-	-
Acquistitions: [Abstract]
Loans transferred to OREO
-	-	-	-	-	-	-	-	-	1,212	3,899	1,025
Fair value of assets acquired
0	6,274	3,096	2,584	1,756	0	1,505,490	258,467	67,020	0	0	30,062
Fair value of liabilities assumed
-	-	-	-	-	-	1,285,718	285,012	148,487	0	0	3,829
Fair value of debt issued in purchase combination
-	-	-	-	-	-	-	502	2,460	0	-	-