NORWOOD FINANCIAL CORP NWFL Cash Flow

Norwood financial corp (NWFL)

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 and Cash Equivalents, Period Increase (Decrease) [Abstract]
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
3,079	3,596	3,907	3,522	3,190	3,299	3,710	3,513	3,129	157	2,941	2,724	2,376	2,346	611	1,878	1,876	127	1,777	1,963	2,041	1,541	2,118	2,034	1,964	2,181	2,137	1,839	2,308	1,759	2,200	2,258	2,186	1,997	2,215	1,484	1,660
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
700	200	300	300	450	375	375	425	550	400	600	600	600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	450	700	450	2,820	720	420	620	420	420	420	420	400	400	800	800	800	900	400	350	500	425	430	220
Depreciation
281	266	252	246	241	230	228	221	216	219	235	231	237	242	219	128	137	137	137	138	139	139	139	147	147	147	148	150	149	150	140	139	141	162	143	116	110
Amortization of intangible assets
23	22	23	27	29	29	29	34	34	35	35	39	41	41	34	23	24	25	24	28	28	29	28	31	33	33	32	35	37	37	36	40	40	40	41	14	13
Deferred income taxes
-250	1,164	-151	15	-40	222	4	-75	-127	452	-258	-178	-347	591	-82	689	-452	-571	463	-27	-252	128	112	12	-303	176	-68	20	12	828	-145	-311	52	-73	-23	76	-84
Net amortization of securities premiums and discounts
-320	-344	-372	-361	-371	-403	-423	-422	-463	-464	-531	-529	-591	-609	-551	-252	-236	-225	-236	-242	-233	-215	-221	-213	-211	-226	-266	-267	-298	-322	-308	-284	-296	-247	-219	-166	-179
Net realized gains on sales of securities
38	22	168	64	0	0	13	58	142	181	130	31	6	15	-1	206	64	118	63	134	311	266	301	508	95	291	198	254	138	101	631	285	402	205	544	12	212
Gain on sale of deposits
-	-	-	-	-	-	-	-	-	0	0	0	209	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	770	-	-	-	0	-	-	-	-
Earnings and proceeds on life insurance policies
208	200	222	206	202	278	296	279	273	283	320	275	255	272	283	166	167	168	167	165	165	171	171	175	168	163	150	149	155	144	132	131	132	-	-	-	-
Gain on sales and write-downs of fixed assets and foreclosed real estate owned, net
3	30	2	57	8	-68	51	-56	47	-101	-144	-74	-455	-9	-48	40	6	-156	4	-210	-65	-738	-23	-140	-19	-57	-187	-6	-97	-	51	5	-32	-	-	-	-
Net increase in investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	96	84
Net gain on sale of loans
56	44	15	68	42	0	15	0	0	-	-	-	-	0	0	22	32	57	16	16	24	78	0	31	41	87	0	14	11	48	89	69	5	-	-	-	-
Net gain on sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143
Loans originated for sale
1,535	1,948	576	1,459	732	0	752	0	0	-	-	-	-	0	0	704	981	1,692	802	1,023	780	2,041	0	1,118	1,110	2,377	0	508	1,101	2,621	2,074	2,146	123	0	2,147	1,838	4,692
Proceeds from sale of loans originated for sale
1,545	1,992	591	1,497	758	0	767	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	726	1,013	1,749	818	1,039	804	2,119	0	1,149	1,151	2,419	0	522	1,112	2,669	2,163	2,215	128	-11	2,188	1,936	4,835
Compensation expense related to stock options
51	52	52	52	52	60	59	59	59	24	23	23	23	18	17	18	18	17	16	16	17	34	40	40	40	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense related to restricted stock
84	72	72	73	72	51	52	51	51	35	36	35	36	22	22	23	22	6	22	13	14	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense related to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	40	39	32	32	33	33	44	44	41	41
Decrease (increase) in accrued interest receivable
-50	-7	-253	-110	313	-16	120	-15	-29	-13	312	-115	-111	-1,524	1,252	-198	124	-722	464	-196	341	-395	-252	-36	445	-331	-287	-671	530	160	-449	-1,480	495	-223	-2,231	-433	615
Increase in accrued interest payable
463	-191	-385	551	651	101	244	5	22	267	225	33	-160	-67	150	-34	-32	-1,096	391	-378	518	-424	216	-258	701	-833	532	-258	732	-1,009	1,160	-985	-456	-1,338	-166	206	635
Other, net
-38	1,539	-783	-435	201	1,337	-209	-2,773	1,920	1,085	60	-1,590	252	2,057	-2,940	1,589	-717	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	3,438	3,429	1,874	2,635	2,282	3,088	2,522	2,606	2,778	3,097	2,132	2,524	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
4,544	3,741	5,086	5,335	4,276	3,239	4,853	7,162	2,044	3,611	3,690	5,509	3,241	-	-	-	-	-	-	-	-	-	-	-	-	-	3,613	3,167	2,879	2,533	4,266	2,917	1,645	1,552	4,520	2,858	1,863
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales
8,224	4,385	19,236	3,299	327	0	3,162	3,822	10,761	2,585	11,192	1,831	4	8,944	70,028	16,492	15,284	16,126	5,466	9,408	13,976	27,146	7,252	19,785	12,080	12,386	14,663	7,896	7,403	17,649	4,916	7,716	10,633	4,412	17,390	4,157	6,187
Proceeds from maturities and principal reductions on mortgage-backed securities
15,646	12,445	8,334	7,193	5,684	8,025	7,697	7,427	7,724	6,323	5,778	7,403	7,389	8,099	10,539	4,161	3,383	3,445	7,031	9,501	2,876	2,838	4,020	4,851	3,150	4,144	4,185	7,720	5,093	5,356	7,992	10,521	6,738	11,572	7,262	8,805	7,113
Purchases
7,034	16,477	0	5,066	0	0	1,189	6,090	8,179	6,050	2,012	11,893	0	20,444	53,690	4,868	21,980	5,578	12,794	16,818	15,375	26,815	15,083	21,578	10,950	25,255	19,654	22,813	16,867	21,532	17,198	14,778	13,804	19,064	16,274	8,467	10,302
Purchase of regulatory stock
1,305	3,632	1,297	554	1,112	2,290	2,707	393	765	2,105	2,359	618	760	208	996	685	994	2,265	1,062	441	327	152	1,060	247	504	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of regulatory stock
2,379	1,925	1,315	531	1,906	1,625	1,759	625	1,725	1,715	1,679	122	940	440	1,152	1,439	1,424	1,341	814	39	203	1,648	287	551	640	5	386	6	97	-	-	-	-	-	-	-	-
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	160	168
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-180	-	-	-	-
Net increase in loans
4,208	19,510	18,493	24,046	15,352	31,205	15,882	28,468	11,925	9,197	21,302	15,699	5,782	8,143	8,479	20,814	6,032	21,238	5,622	20,583	18,387	518	22	10,027	-6,297	16,607	6,842	3,102	2,964	-1,754	1,378	1,191	21,692	3,570	-7,448	-2,060	-6,467
Proceeds from bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-770	0	0	1,859	-	-	-	0	-	-	-	-
Purchase of premises and equipment
124	567	299	197	560	275	131	307	160	1,149	329	111	44	174	216	66	55	106	85	62	37	48	66	26	53	22	192	165	14	23	222	42	130	40	72	59	4
Proceeds from sales of foreclosed real estate owned
482	244	107	161	44	80	229	55	412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of fixed assets and foreclosed real estate owned
-	-	-	-	-	-	-	-	-	-	262	106	409	-	54	285	48	1,932	79	268	2,031	498	407	131	9	175	117	89	127	192	660	498	2,071	-	-	-	-
Net Cash (Used in) Provided by Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,188	27,709	-4,056	-8,922	-6,343	-6,173	-18,688	-15,040	4,597	-4,265	-6,310	10,669	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
14,060	-21,187	8,903	-18,433	-9,063	-24,040	-7,062	-23,329	-407	-4,799	-7,091	-18,859	2,156	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,337	-10,369	-5,266	780	-4,919	2,894	-16,004	-6,063	16,299	11,200	9,629
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits
32,631	-16,904	-6,791	6,809	27,635	7,066	-11,175	10,740	10,765	5,362	-8,449	1,058	19,896	3,141	10,722	23,768	9,582	-20,444	-4,261	5,408	10,262	11,606	-6,376	14,638	-1,106	-7,516	-1,452	14,518	11,207	-17,165	7,433	-12,035	20,425	-746	-11,776	5,735	3,255
Deposits sold
-	-	-	-	-	-	-	-	-	0	0	0	-13,659	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in short-term borrowings
-21,600	9,478	4,684	10,270	-15,222	226	9,495	13,420	-12,625	-4,699	5,037	13,809	-4,428	-344	-6,321	-14,572	-563	11,689	7,704	3,261	4,886	-19,009	6,695	-2,364	-9,541	11,448	6,391	10,216	-6,838	-3,689	5,194	11,338	-5,940	-10,182	-205	6,716	-7,844
Repayments of other borrowings
5,088	4,468	14,118	3,931	4,329	4,365	3,634	2,810	2,852	3,826	3,559	3,547	13,124	10,542	13,892	2,277	2,270	1,036	8,049	596	393	392	391	390	388	-	-	-	-	-	46	46	45	-	15,045	15	3,000
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	8,000	10,000	0	10,000	-	0	0	0	13,000	0	10,000	6,000	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-
Repayments of other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	194	5,193	144	-	-	-	-	-	-	-	-
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,000	-	-	-	-	-	-	-	-
Stock options exercised
38	279	189	57	113	125	162	158	75	274	72	313	381	683	17	60	83	131	110	46	154	464	213	14	0	255	140	38	142	356	0	60	39	-	-	-	-
Tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	2	5	3	6	12	4	1	0	16	7	5	11	-	-	-	-	-	-	-	-
Purchase of treasury stock
0	54	0	0	374	15	0	0	179	297	436	391	463	0	0	0	447	-8	8	0	127	0	0	0	179	0	0	0	319	-	-	-	-	-	-	-	-
Tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	-	-	-
Acquisition of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	-	0	16	191
Cash dividends paid
1,582	1,512	1,510	1,509	1,510	1,379	1,378	1,376	1,376	1,371	1,352	1,331	1,332	1,278	1,144	1,145	1,147	1,141	1,142	1,141	1,103	1,093	1,092	1,092	1,093	1,052	1,051	1,030	1,022	981	985	982	984	955	955	801	803
Net Cash Provided by (Used in) Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-8,209	-10,620	5,834	5,240	2,355	-5,641	16,981	19,685	-8,262	-947	10,807	-12,307	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
4,399	11,946	-11,546	11,696	6,313	21,781	3,470	20,132	-6,192	3,570	1,313	9,911	-2,729	-	-	-	-	-	-	-	-	-	-	-	-	-	3,841	18,554	6,037	-26,357	11,596	-1,656	13,177	-12,115	-27,981	11,619	-8,583
Increase in cash and cash equivalents
23,003	-5,500	2,443	-1,402	1,526	980	1,261	3,965	-4,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	2,382	-2,088	-3,439	2,668	-15,959	20,518	3,652	-1,047	-1,706	-8,726	815	7,251	-887	-2,115	6,629	886	-19,551	117	11,352	3,650	-23,044	10,943	4,155	-1,182	-16,626	-7,162	25,677	2,909
Supplemental Disclosures of Cash Flow Information
Interest on deposits and borrowings
1,740	2,343	2,553	1,652	1,504	1,715	1,154	2,397	19	923	802	893	1,097	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for: Interest on deposits and borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	883	864	810	801	792	802	749	841	872	908	837	957	1,116	1,298	1,032	1,194	1,204	1,413	1,375	1,170	1,440
Income taxes paid, net of refunds
53	960	585	816	46	692	450	-103	1,200	1,215	1,320	494	11	-	-	-	-	434	450	1,230	201	629	679	1,133	204	753	554	1,113	-3	602	-151	1,362	197	954	2	1,404	3
Supplemental Schedule of Noncash Investing Activities
Investment purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,393	-315	1,934	-	-	-	-
Transfers of loans to foreclosed real estate owned and repossession of other assets
99	387	475	181	822	220	0	130	203	638	41	18	53	293	74	2,829	50	3,590	39	183	68	34	1,087	3,200	383	225	1	300	486	-	-	-	-	-	-	-	-
Dividends payable
1,583	70	2	1	1,509	131	2	1	1,376	-2,662	1,372	1,332	1,333	-2,236	1,277	1,145	1,145	5	1	0	1,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use for operating leases
0	-	-	-	5,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability for operating leases
0	-	-	-	5,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment maturity receivable
-	-	-	-	-	-	-	-	2,009	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	336	-	2,015	832	204