National bankshares inc (NKSH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income

17,466

16,151

14,092

14,942

15,833

16,914

17,790

17,747

17,638

15,569

14,319

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

126

-81

157

1,650

2,009

1,641

1,531

3,134

2,949

3,409

1,634

Deferred income tax expense (benefit)

529

-382

1,790

18

10

73

64

204

582

-

-1,057

Re-valuation of deferred tax assets

-

-

1,560

-

0

-

-

-

-

-

-

Deferred income tax expense

-

-

-

-

-

-

-

-

-

563

-

Depreciation of bank premises and equipment

739

766

805

801

749

732

726

764

799

886

-

Depreciation of bank premises and equipment

-

-

-

-

-

-

-

-

-

-

906

Amortization of intangibles

-

50

68

257

999

1,075

1,078

1,083

1,083

1,083

1,093

Amortization of premiums and accretion of discounts, net

-212

-58

-58

-89

-117

-138

-171

-224

-217

300

357

Gains on disposal of fixed assets

-5

-

134

-

-15

-94

11

3

-1

-

-

Gains on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

0

(Gains) losses on disposal of fixed assets

-

-

-

-

-

-

-

-

-

5

-

Gain on sales and calls of securities available for sale, net

566

17

10

186

33

2

-52

46

53

19

-

Gain on calls of securities held to maturity, net

-

-

4

46

0

0

6

15

37

-33

-

Gains (losses) on sales and calls of securities available for sale, net

-

-

-

-

-

-

-

-

-

-

-29

Gains on calls of securities held to maturity, net

-

-

-

-

-

-

-

-

-

-

-15

Loss and write-down on other real estate owned, net

-5

-489

-125

-355

-426

-129

-99

14

-334

-63

309

Gain on disposal of repossessed assets

-4

-8

1

-

-

-

-

-

-

-

-

Increase in cash value of bank-owned life insurance

910

901

758

597

603

616

658

-

-

-

-

Origination of mortgage loans held for sale

21,032

12,626

13,912

17,090

17,641

9,104

16,737

22,747

13,582

21,929

25,265

Proceeds from sale of mortgage loans held for sale

20,496

13,013

14,341

17,526

17,571

10,248

18,592

22,574

13,419

19,595

25,487

Gain on sale of mortgage loans held for sale

297

199

211

280

273

159

335

-

-

-

-

Contribution to defined benefit plan

-

-

4,507

811

139

-

-

-

-

-

-

Net change in:
Accrued interest receivable

-875

-137

37

-509

21

-201

-298

-57

288

-234

-490

Other assets

1,340

-2,899

2,537

-438

-559

574

-1,760

8

-580

858

-3,564

Accrued interest payable

55

27

7

-1

-12

-24

-47

-67

-51

-79

-319

Other liabilities

2,465

404

101

-41

963

-428

83

-175

-4,135

-280

1,508

Net cash provided by operating activities

18,832

19,796

10,993

17,533

20,529

-

-

-

-

18,565

14,874

Net cash provided by operating activities

-

-

-

-

-

20,338

24,450

22,712

19,456

-

-

Cash Flows from Investing Activities
Net change in interest-bearing deposits

-33,390

7,742

29,035

50,543

-28,263

-4,482

-781

1,634

-28,955

-36,670

-3,074

Proceeds from repayments of mortgage-backed securities

1,089

224

298

-

-

-

-

-

-

-

-

Proceeds from calls, sales and maturities of securities available for sale

348,032

50,438

13,812

-

-

-

-

-

-

-

-

Proceeds from repayments of mortgage-backed securities

-

-

-

415

717

902

1,745

3,160

3,823

5,817

7,119

Proceeds from calls, principal payments, sales and maturities of securities available for sale

-

-

-

220,581

64,556

11,088

63,886

151,175

74,934

68,565

22,446

Proceeds from calls, principal payments, sales and maturities of securities available for sale

-

6,430

8,975

16,945

9,205

8,677

9,738

30,942

22,123

39,234

36,951

Purchase of securities available for sale

352,505

25,323

40,290

290,296

80,093

33,905

83,996

171,577

64,567

93,862

45,439

Purchases of securities held to maturity

-

-

1,319

-

0

6,381

13,484

47,803

35,411

41,297

49,003

Net change in restricted stock

-

20

30

41

40

-325

-275

24

-27

-

-

Purchase of BOLI

-

-

10,000

-

0

-

-

-

1,900

0

0

Purchase of loan participations

673

7,853

7,395

3,800

1,001

200

900

2,082

-

55

13

Collection of loan participations

4,262

970

2,113

820

1,978

1,539

152

1,988

934

876

727

Loan originations and principal collections, net

-28,388

-35,591

-15,981

-27,792

-17,259

-13,880

-8,830

-8,182

-17,081

7,820

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

16,662

Proceeds from sale of other real estate owned

591

276

311

877

773

744

854

1,699

1,391

2,393

460

Proceeds from disposal of repossessed assets

53

34

31

-

-

-

-

-

-

-

-

Recoveries on loans charged off

267

235

287

159

145

255

167

100

84

139

-

Recoveries on loans charged off

-

-

-

-

-

-

-

-

-

-

-81

Additions to premises and equipment

1,032

1,191

261

634

663

459

276

769

725

728

330

Proceeds from sale of premises and equipment

16

-

222

-

0

453

11

-

2

-

-

Proceeds from sale of premises and equipment

-

-

-

-

-

-

-

-

-

5

0

Net cash provided by investing activities

-61,678

-3,629

-20,192

-32,223

-49,945

-

-

-

-

-47,763

-46,737

Net cash used in investing activities

-

-

-

-

-

-35,324

-31,439

-39,739

-45,321

-

-

Cash Flows from Financing Activities
Net change in time deposits

26,229

-13,085

-15,730

-21,147

-22,723

-24,963

-36,029

-33,333

-21,132

-35,109

-39,161

Net change in other deposits

41,582

5,293

32,022

45,730

59,154

47,355

49,299

60,766

55,882

67,580

73,425

Cash dividends paid

9,032

8,419

8,141

8,071

7,930

7,853

7,781

7,639

6,938

-

-

Common stock repurchased

18,525

-

-

-

-

-

-

-

-

-

-

Net change in other borrowed funds

-

-

-

-

-

-

-

-

-

-

-54

Cash dividends paid

-

-

-

-

-

-

-

-

-

6,309

5,823

Stock options exercised

-

-

-

-

173

58

0

119

92

0

54

Net cash provided by (used in) financing activities

-

-

-

-

-

14,597

5,489

19,913

27,904

-

-

Net cash used in financing activities

40,254

-16,211

8,151

16,512

28,674

-

-

-

-

26,162

28,441

Net change in cash and due from banks

-2,592

-44

-1,048

1,822

-742

-389

-1,500

2,886

2,039

-3,036

-3,422

Supplemental Disclosures of Cash Flow Information
Interest paid on deposits

7,325

5,020

4,118

4,167

4,195

-

-

-

-

-

-

Interest paid on deposits and borrowed funds

-

-

-

-

-

4,923

6,002

7,954

9,235

11,237

16,144

Income taxes paid

2,544

1,778

4,092

3,940

4,790

5,282

5,145

4,930

4,779

5,478

3,914

Supplemental Disclosure of Noncash Activities
Loans charged against the allowance for loan losses

920

689

819

1,806

2,120

1,860

1,820

2,953

2,628

-

-

Loans charged against the allowance for loan losses

-

-

-

-

-

-

-

-

-

2,810

647

Loans transferred to other real estate owned

156

-

97

222

620

905

4,230

1,631

1,491

2,053

-

Unrealized net gain on securities available for sale

6,515

-2,858

832

-1,417

-

-

-

-

-

-

-

Unrealized net gain on securities transferred from HTM to AFS

-

1,128

-

-

-

-

-

-

-

-

-

Fair value of securities transferred from held-to-maturity to available-for-sale

-

119,790

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on securities available for sale

-

-

-

-

-1,668

19,121

-24,704

-922

4,219

-

-

Minimum pension liability adjustment

-1,986

-1,295

219

293

-1,815

1,750

2,819

-1,258

-2,188

-648

-

Loans transferred to other real estate owned

-

-

-

-

-

-

-

-

-

-

911

Unrealized net losses on securities available for sale

-

-

-

-

-

-

-

-

-

-2,658

4,884

Minimum pension liability adjustment

-

-

-

-

-

-

-

-

-

-

375

Accounting Standards Update 2016-02 [Member]
Increase in the lease right-of-use asset upon adoption of ASU 2016-02

684

-

-

-

-

-

-

-

-

-

-

Increase in the lease liability upon adoption of ASU 2016-02

684

-

-

-

-

-

-

-

-

-

-