NATIONAL BANKSHARES INC NKSH Cash Flow

National bankshares inc (NKSH)

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	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income
3,979	4,777	4,252	3,994	4,443	4,563	4,251	4,041	3,296	3,088	3,785	3,570	3,649	3,470	3,828	3,865	3,779	3,558	4,199	4,110	3,966	4,138	4,263	4,109	4,404	4,622	4,517	4,435	4,216	4,685	4,293	4,340	4,429	4,889	4,509	4,216	4,024
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
479	-224	95	55	200	-174	223	342	-472	-567	201	464	59	502	291	654	203	1,275	178	355	201	481	356	701	103	202	303	355	671	580	778	1,104	672	753	643	753	800
Depreciation of bank premises and equipment
176	187	194	185	173	171	184	208	203	204	201	196	204	205	203	200	193	188	185	185	191	191	186	178	177	180	182	176	188	193	187	192	192	-	-	-	-
Depreciation of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209
Amortization of intangibles
-	-	-	-	-	13	12	13	12	12	13	12	31	39	40	68	110	192	269	269	269	268	269	269	269	269	269	269	271	271	270	271	271	270	271	271	271
Amortization of premiums and accretion of discounts, net
-193	-160	-22	-16	-14	-15	-13	-15	-15	-14	-13	-14	-17	-19	-22	-22	-26	-28	-29	-31	-29	-29	-35	-32	-42	-41	-45	-38	-47	-56	-60	-164	56	-50	-53	-175	61
Gains on disposal of fixed assets
-	-11	0	4	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-94	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales and calls of securities available for sale, net
20	384	162	8	12	-	-	-	-	-	-	-	-	33	101	46	6	28	2	5	-2	-	-	-	-	-2	-68	9	9	26	-18	-6	44	-	-	-	-
Gain on calls of securities held to maturity, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	28	18	0	0	0	0	-1	0	0	1	-	-	-	-	1	0	5	9	-	-	-	-
Gains (losses) on sales and calls of securities available for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8
Gains on calls of securities held to maturity, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2
Loss and write-down on other real estate owned, net
-4	0	0	0	-5	-25	-247	-141	-76	-46	-30	-41	-8	-254	-46	-24	-31	-28	-6	-6	-386	-53	-53	-7	-16	-7	-28	-53	-11	43	60	-113	24	-197	-10	-227	100
Gain on disposal of repossessed assets
-	0	0	-5	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash value of bank-owned life insurance
221	229	230	232	219	223	222	228	228	236	233	146	143	150	149	151	147	152	152	150	149	154	152	156	154	161	162	168	167	-	181	174	179	-	-	-	-
Origination of mortgage loans held for sale
6,428	5,841	7,126	5,461	2,604	1,594	5,240	3,306	2,486	4,246	4,777	2,118	2,771	5,875	4,784	3,864	2,567	4,141	6,042	4,456	3,002	-	-	-	-	18,916	-1,333	1,637	-2,483	-	-	-	-	-	-	-	-
Proceeds from sale of mortgage loans held for sale
5,639	7,369	5,683	5,331	2,113	2,583	5,414	2,228	2,788	4,564	4,824	2,277	2,676	5,917	5,101	3,323	3,185	4,917	5,646	4,767	2,241	2,174	7,181	-383	1,276	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of mortgage loans held for sale
94	100	81	77	39	34	83	40	42	73	61	42	35	86	88	59	47	79	82	73	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of insurance receivable
-	-	-	-	-	-	0	286	1,724	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in:
Mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,620	24	-1,252	-	860	-4,672	2,460
Accrued interest receivable
-5	52	-959	-209	241	-429	189	40	63	174	-16	-128	7	122	-121	-328	-182	110	-198	351	-242	40	-90	-95	-56	-95	-247	413	-369	-44	18	98	-129	-55	104	737	-498
Other assets
-625	1,749	-176	507	-740	-2,576	-269	723	-777	876	-873	964	1,570	-1,139	-606	1,704	-397	-214	-972	1,098	-471	322	-1,114	705	661	-671	222	-1,298	-13	277	-445	300	-124	426	-1,278	44	228
Accrued interest payable
-7	11	-12	5	51	-76	114	-4	-7	11	8	-2	-10	7	-8	-6	6	-5	0	-9	2	1	-4	-7	-14	-5	-29	-20	7	-39	5	-18	-15	-1	-30	-23	3
Other liabilities
883	2,013	623	-646	475	-322	-3	798	-69	-515	130	-946	1,432	-312	404	-1,484	1,351	-247	658	-612	1,164	-265	298	-1,380	919	-84	613	-977	531	76	43	-1,097	803	-1,784	-265	-718	-1,368
Net cash provided by operating activities
5,213	6,471	4,404	2,861	5,096	5,551	4,990	3,731	5,524	-46	5,019	2,480	3,540	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,221	4,359	7,657	-	5,696	4,309	6,280
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,142	6,678	-	6,071	2,975	5,974	4,890	6,162	2,760	6,526	5,233	7,186	3,400	8,631	-	-	-	-	-	-	-	-
Cash Flows from Investing Activities
Net change in interest-bearing deposits
4,983	58,609	-75,452	-6,657	-9,890	-15,163	1,653	46,590	-25,338	7,027	30,836	-3,544	-5,284	-98	-4,278	53,471	1,448	-40,516	-6,477	3,858	14,872	-14,927	18,491	3,419	-11,465	-34,590	1,084	43,304	-10,579	-29,327	37,708	-3,801	-2,946	-28,453	-15,134	906	13,726
Proceeds from calls, principal payments, sales and maturities of securities available for sale
-	-	-	-	-	-	16,545	4,085	1,794	-	1,255	7,767	1,567	15,471	82,653	97,905	24,552	12,936	19,278	21,216	11,126	2,314	4,946	1,655	2,173	2,953	7,738	16,735	36,460	31,682	37,889	40,458	41,146	22,909	23,609	17,757	10,659
Proceeds from calls, principal payments, sales and maturities of securities available for sale
53,872	-	-	-	26,113	0	0	2,192	4,238	2,509	2,262	2,866	1,338	3,004	350	6,240	7,351	2,496	1,027	417	5,265	869	1,466	2,413	3,929	562	2,132	3,002	4,042	6,687	5,613	4,796	13,846	6,165	5,783	4,726	5,449
Purchase of securities available for sale
52,923	-	-	-	-	1,060	0	13,290	10,973	28,209	2,763	9,318	0	36,955	69,986	129,995	53,360	39,136	8,000	9,974	22,983	13,999	11,932	2,599	5,375	3	0	44,953	39,040	28,293	47,252	29,991	66,041	21,993	11,578	14,996	16,000
Purchases of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	0	5,381	0	0	3,001	10,483	5,740	20,924	11,900	9,239	12,253	7,547	8,473	7,138
Net change in restricted stock
59	-	-	-	-	-1,488	1,487	0	21	0	0	0	30	0	0	0	41	0	0	0	40	0	0	0	-325	0	0	-549	274	-	-	-	-	-	-	-	-
Net change in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22	-	-	-	-
Purchase of loan participations
18	0	86	398	189	127	609	5,596	1,521	6,099	624	185	487	685	1,669	1,006	440	599	402	-994	994	-	-	-	-	0	0	0	900	-	-	-	0	-	-	-	-
Collection of loan participations
87	1,043	35	34	3,150	114	400	440	16	1,362	8	729	14	29	207	569	15	14	21	10	1,933	26	140	25	1,348	25	36	40	51	-2,668	3,426	1,140	90	-	-	-4	25
Loan originations and principal collections, net
3,720	-12,600	7,101	-11,025	-11,864	-8,209	-10,909	-27,245	10,772	-3,130	-5,149	-3,471	-4,231	-11,616	-4,079	-23,434	11,337	6,214	1,341	-6,547	-18,267	-9,850	-2,865	-5,867	4,702	-8,943	-2,912	-13,927	16,952	1,517	-8,412	-4,403	3,116	-	-	-	-
Loan originations and principal collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,622
Proceeds from sale of other real estate owned
24	-1	570	0	22	-	-	-	-	60	55	0	196	1	191	163	522	0	242	383	148	415	95	38	196	6	45	126	677	525	74	527	573	73	289	734	295
Proceeds from disposal of repossessed assets
27	13	20	17	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recoveries on loans charged off
73	49	51	69	98	53	58	47	77	149	37	56	45	36	31	32	60	23	34	35	53	43	28	26	158	75	31	36	25	24	19	34	23	-	-	-	-
Recoveries on loans charged off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25
Additions to premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	106	-15	161	24	102	61	244	362	261	288	71	105
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58	582	-151	-232	254	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale and purchases of premises and equipment, net
1,315	-	174	364	355	-	154	845	102	-	103	78	26	-	241	78	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
8,471	-57,440	-5,070	-6,256	7,088	5,415	5,618	6,396	-21,058	-22,611	24,495	-15,178	-6,898	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,080	-3,428	-19,772	-	-8,327	-5,985	-5,686
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,867	-8,570	-	6,613	10,321	-8,945	-34,284	9,218	-1,122	-9,136	-38,265	8,169	1,750	-3,093	-	-	-	-	-	-	-	-
Cash Flows from Financing Activities
Net change in time deposits
-4,230	3,442	9,853	4,879	8,055	5,632	-9,275	-6,193	-3,249	-3,835	-3,222	-2,913	-5,760	-4,553	-4,663	-4,844	-7,087	-3,148	-5,899	-9,667	-4,009	-7,184	-7,247	-5,883	-4,649	-	-	-	-7,846	-14,241	-7,890	-6,179	-5,023	-1,589	752	-6,475	-13,820
Net change in other deposits
-7,340	48,284	-11,623	4,713	208	24,134	-37,330	2,034	16,455	31,596	-27,162	18,790	8,798	37,987	-7,067	8,070	6,740	59,477	-5,727	-1,134	6,538	40,689	-11,293	9,260	8,699	43,403	-3,997	11,694	-1,801	36,624	-3,165	9,825	17,482	26,687	1,296	12,767	15,132
Common stock repurchased
-	0	528	0	17,997	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	0	26	36
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-602	-347	-	-11,591	-14,395	2,529	29,473	-18,482	-444	4,050	-	-	-	-9,647	-	-	-	-	-	-	-	-
Net cash used in financing activities
-11,570	47,053	-2,298	5,233	-9,734	-9,617	-11,605	-8,195	13,206	23,517	-30,384	11,980	3,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,996	-32	12,459	-	2,048	2,989	1,348
Net change in cash and due from banks
2,114	-3,916	-2,964	1,838	2,450	1,349	-997	1,932	-2,328	860	-870	-718	-320	2,672	-3,018	4,407	-2,239	-294	1,093	-1,099	-442	79	-3,102	1,194	1,440	-523	332	2,800	-4,109	2,338	-695	899	344	-633	-583	1,313	1,942
Supplemental Disclosures of Cash Flow Information
Interest paid on deposits
1,803	1,797	1,877	1,909	1,742	1,652	1,131	1,149	1,088	1,017	1,013	1,050	1,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on deposits and borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,069	1,062	-	1,009	1,060	1,085	1,141	1,151	1,302	1,329	1,345	1,417	1,568	1,672	1,855	1,931	2,036	2,132	2,178	2,312	2,369	2,376
Income taxes paid
-	-	-	-	-	-	-	-	-	1,220	721	2,151	0	1,160	530	2,250	0	1,410	820	2,560	0	1,390	970	1,450	1,472	1,535	1,182	2,369	59	993	1,361	2,380	196	1,996	1,401	1,382	0
Supplemental Disclosure of Noncash Activities
Loans charged against the allowance for loan losses
175	224	188	180	328	202	147	201	139	130	137	409	143	539	216	598	453	1,118	226	516	260	292	324	1,053	191	140	196	730	754	-	-	-	-	-	-	-	-
Loans charged against the allowance for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	-	444	518	243
Loans transferred to other real estate owned
-	-	-	-	-	-	-	-	-	0	0	97	0	222	0	0	0	0	0	257	363	67	0	437	401	3,752	77	54	347	23	1,037	571	0	-	-	-	-
Unrealized net gain on securities available for sale
4,878	-3,541	528	3,778	5,750	3,702	-3,590	391	-3,361	-2,693	-630	2,500	1,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	596	1,006	5,144	-705	3,981	-8,718	3,774	6,941	2,623	4,755	4,802	-4,348	-5,786	-13,086	-1,484	-	-	-	-	-	-	-	-
Increase in operating lease right-of-use asset upon adoption of ASU 2016-02
-	-	-	-	684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in operating lease liability upon adoption of ASU 2016-02
-	-	-	-	684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	894
Unrealized net losses on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,440	-	1,543	2,662	643