NORWOOD FINANCIAL CORP NWFL Cash Flow

Norwood financial corp (NWFL)

CashFlow / TTM

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
14,104	14,215	13,918	13,721	13,712	13,651	10,509	9,740	8,951	8,198	10,387	8,057	7,211	6,711	4,492	5,658	5,743	5,908	7,322	7,663	7,734	7,657	8,297	8,316	8,121	8,465	8,043	8,106	8,525	8,403	8,641	8,656	7,882	7,356	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
1,500	1,250	1,425	1,500	1,625	1,725	1,750	1,975	2,150	2,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,420	4,690	4,410	4,580	2,180	1,880	1,880	1,680	1,660	1,640	2,020	2,400	2,800	3,300	2,900	2,450	2,150	1,675	1,705	1,575	0	0	0
Depreciation
1,045	1,005	969	945	920	895	884	891	901	922	945	929	826	726	621	539	549	551	553	555	564	572	580	589	592	594	597	589	578	570	582	585	562	531	0	0	0
Amortization of intangible assets
95	101	108	114	121	126	132	138	143	150	156	155	139	122	106	96	101	105	109	113	116	121	125	129	133	137	141	145	150	153	156	161	135	108	0	0	0
Deferred income taxes
778	988	46	201	111	24	254	-8	-111	-331	-192	-16	851	746	-416	129	-587	-387	312	-39	0	-51	-3	-183	-175	140	792	715	384	424	-477	-355	32	-104	0	0	0
Net amortization of securities premiums and discounts
-1,397	-1,448	-1,507	-1,558	-1,619	-1,711	-1,772	-1,880	-1,987	-2,115	-2,260	-2,280	-2,003	-1,648	-1,264	-949	-939	-936	-926	-911	-882	-860	-871	-916	-970	-1,057	-1,153	-1,195	-1,212	-1,210	-1,135	-1,046	-928	-811	0	0	0
Net realized gains on sales of securities
292	254	232	77	71	213	394	511	484	348	182	51	226	284	387	451	379	626	774	1,012	1,386	1,170	1,195	1,092	838	881	691	1,124	1,155	1,419	1,523	1,436	1,163	973	0	0	0
Gain on sale of deposits
-	-	-	-	-	-	-	-	-	209	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-
Earnings and proceeds on life insurance policies
836	830	908	982	1,055	1,126	1,131	1,155	1,151	1,133	1,122	1,085	976	888	784	668	667	665	668	672	682	685	677	656	630	617	598	580	562	539	0	0	0	-	-	-	-
Gain on sales and write-downs of fixed assets and foreclosed real estate owned, net
92	97	-1	48	-65	-26	-59	-254	-272	-774	-682	-586	-472	-11	-158	-106	-356	-427	-1,009	-1,036	-966	-920	-239	-403	-269	-347	0	0	0	-	0	0	0	-	-	-	-
Net increase in investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net gain on sale of loans
183	169	125	125	57	15	0	0	0	-	-	-	-	54	111	127	121	113	134	118	133	150	159	159	142	112	73	162	217	211	0	0	0	-	-	-	-
Net gain on sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loans originated for sale
5,518	4,715	2,767	2,943	1,484	752	0	0	0	-	-	-	-	1,685	3,377	4,179	4,498	4,297	4,646	3,844	3,939	4,269	4,605	4,605	3,995	3,986	4,230	6,304	7,942	6,964	4,343	4,416	4,108	8,677	0	0	0
Proceeds from sale of loans originated for sale
5,625	4,838	2,846	3,022	1,525	767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	1,739	3,488	4,306	4,619	4,410	4,780	3,962	4,072	4,419	4,719	4,719	4,092	4,053	4,303	6,466	8,159	7,175	4,495	4,520	4,241	8,948	0	0	0
Compensation expense related to stock options
207	208	216	223	230	237	201	165	129	93	87	81	76	71	70	69	67	66	83	107	131	154	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense related to restricted stock
301	289	268	248	226	205	189	173	157	142	129	115	103	89	73	73	63	55	49	27	14	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense related to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	143	136	130	142	154	162	170	0	0	0
Decrease (increase) in accrued interest receivable
-420	-57	-66	307	402	60	63	255	155	73	-1,438	-498	-581	-346	456	-332	-330	-113	214	-502	-342	-238	-174	-209	-844	-759	-268	-430	-1,239	-1,274	-1,657	-3,439	-2,392	-2,272	0	0	0
Increase in accrued interest payable
438	626	918	1,547	1,001	372	538	519	547	365	31	-44	-111	17	-1,012	-771	-1,115	-565	107	-68	52	235	-174	142	142	173	-3	625	-102	-1,290	-1,619	-2,945	-1,754	-663	0	0	0
Other, net
283	522	320	894	-1,444	275	23	292	1,475	-193	779	-2,221	958	-11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	11,376	10,220	9,879	10,527	10,498	10,994	11,003	10,613	10,531	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
18,706	18,438	17,936	17,703	19,530	17,298	17,670	16,507	14,854	16,051	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	12,192	12,845	12,595	11,361	10,380	10,634	10,575	10,793	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales
35,144	27,247	22,862	6,788	7,311	17,745	20,330	28,360	26,369	15,612	21,971	80,807	95,468	110,748	117,930	53,368	46,284	44,976	55,996	57,782	68,159	66,263	51,503	58,914	47,025	42,348	47,611	37,864	37,684	40,914	27,677	40,151	36,592	32,146	0	0	0
Proceeds from maturities and principal reductions on mortgage-backed securities
43,618	33,656	29,236	28,599	28,833	30,873	29,171	27,252	27,228	26,893	28,669	33,430	30,188	26,182	21,528	18,020	23,360	22,853	22,246	19,235	14,585	14,859	16,165	16,330	19,199	21,142	22,354	26,161	28,962	30,607	36,823	36,093	34,377	34,752	0	0	0
Purchases
28,577	21,543	5,066	6,255	7,279	15,458	21,508	22,331	28,134	19,955	34,349	86,027	79,002	100,982	86,116	45,220	57,170	50,565	71,802	74,091	78,851	74,426	72,866	77,437	78,672	84,589	80,866	78,410	70,375	67,312	64,844	63,920	57,609	54,107	0	0	0
Purchase of regulatory stock
6,788	6,595	5,253	6,663	6,502	6,155	5,970	5,622	5,847	5,842	3,945	2,582	2,649	2,883	4,940	5,006	4,762	4,095	1,982	1,980	1,786	1,963	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of regulatory stock
6,150	5,677	5,377	5,821	5,915	5,734	5,824	5,744	5,241	4,456	3,181	2,654	3,971	4,455	5,356	5,018	3,618	2,397	2,704	2,177	2,689	3,126	1,483	1,582	1,037	494	0	0	0	-	-	-	-	-	-	-	-
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Redemption of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net increase in loans
66,257	77,401	89,096	86,485	90,907	87,480	65,472	70,892	58,123	51,980	50,926	38,103	43,218	43,468	56,563	53,706	53,475	65,830	45,110	39,510	28,954	4,270	20,359	27,179	20,254	29,515	11,154	5,690	3,779	22,507	27,831	19,005	15,754	-12,405	0	0	0
Proceeds from bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,089	0	0	0	-	-	-	0	-	-	-	-
Purchase of premises and equipment
1,187	1,623	1,331	1,163	1,273	873	1,747	1,945	1,749	1,633	658	545	500	511	443	312	308	290	232	213	177	193	167	293	432	393	394	424	301	417	434	284	301	175	0	0	0
Proceeds from sales of foreclosed real estate owned
994	556	392	514	408	776	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of fixed assets and foreclosed real estate owned
-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,319	2,344	2,327	4,310	2,876	3,204	3,067	1,045	722	432	390	508	525	1,068	1,477	3,421	0	0	0	-	-	-	-
Net Cash (Used in) Provided by Investing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	3,543	8,388	-25,494	-40,126	-46,244	-35,304	-33,396	-21,018	4,691	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-16,657	-39,780	-42,633	-58,598	-63,494	-54,838	-35,597	-35,626	-31,156	-28,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,192	-19,774	-6,511	-17,249	-24,092	-2,874	5,432	31,065	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits
15,745	10,749	34,719	30,335	34,266	17,396	15,692	18,418	8,736	17,867	15,646	34,817	57,527	47,213	23,628	8,645	-9,715	-9,035	23,015	20,900	30,130	18,762	-360	4,564	4,444	16,757	7,108	15,993	-10,560	-1,342	15,077	-4,132	13,638	-3,532	0	0	0
Deposits sold
-	-	-	-	-	-	-	-	-	-13,659	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in short-term borrowings
2,832	9,210	-42	4,769	7,919	10,516	5,591	1,133	1,522	9,719	14,074	2,716	-25,665	-21,800	-9,767	4,258	22,091	27,540	-3,158	-4,167	-9,792	-24,219	6,238	5,934	18,514	21,217	6,080	4,883	6,005	6,903	410	-4,989	-9,611	-11,515	0	0	0
Repayments of other borrowings
27,605	26,846	26,743	16,259	15,138	13,661	13,122	13,047	13,784	24,056	30,772	41,105	39,835	28,981	19,475	13,632	11,951	10,074	9,430	1,772	1,566	1,561	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	28,000	0	0	0	-	13,000	13,000	23,000	29,000	16,000	16,000	6,000	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-
Repayments of other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Stock options exercised
563	638	484	457	558	520	669	579	734	1,040	1,449	1,394	1,141	843	291	384	370	441	774	877	845	691	482	409	433	575	676	536	558	455	0	0	0	-	-	-	-
Tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	12	16	26	25	23	17	21	24	28	39	0	0	0	-	-	-	-	-	-	-	-
Purchase of treasury stock
54	428	389	389	389	194	476	912	1,303	1,587	1,290	854	463	447	439	447	447	127	135	127	127	179	179	179	179	319	0	0	0	-	-	-	-	-	-	-	-
Tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Cash dividends paid
6,113	6,041	5,908	5,776	5,643	5,509	5,501	5,475	5,430	5,386	5,293	5,085	4,899	4,714	4,577	4,575	4,571	4,527	4,479	4,429	4,380	4,370	4,329	4,288	4,226	4,155	4,084	4,018	3,970	3,932	3,906	3,876	3,695	3,514	0	0	0
Net Cash Provided by (Used in) Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-7,755	2,809	7,788	18,935	33,380	22,763	27,457	21,283	-10,709	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
16,495	18,409	28,244	43,260	51,696	39,191	20,980	18,823	8,602	12,065	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	2,075	9,830	-10,380	-3,240	11,002	-28,575	-15,300	-37,060	0	0	0
Increase in cash and cash equivalents
18,544	-2,933	3,547	2,365	7,732	1,651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-477	-18,818	3,788	10,879	7,164	21,417	-7,827	-10,664	-2,366	-1,547	5,064	10,878	4,513	-14,151	-11,919	-7,196	-4,432	-7,925	2,901	-4,296	-9,128	-2,710	-20,815	707	4,798	0	0	0
Supplemental Disclosures of Cash Flow Information
Interest on deposits and borrowings
8,288	8,052	7,424	6,025	6,770	5,285	4,493	4,141	2,637	3,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for: Interest on deposits and borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,358	3,267	3,205	3,144	3,184	3,264	3,370	3,458	3,574	3,818	4,208	4,403	4,640	4,728	4,843	5,186	5,162	5,398	0	0	0
Income taxes paid, net of refunds
2,414	2,407	2,139	2,004	1,085	2,239	2,762	3,632	4,229	3,040	0	0	0	-	-	-	-	2,315	2,510	2,739	2,642	2,645	2,769	2,644	2,624	2,417	2,266	1,561	1,810	2,010	2,362	2,515	2,557	2,363	0	0	0
Supplemental Schedule of Noncash Investing Activities
Investment purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Transfers of loans to foreclosed real estate owned and repossession of other assets
1,142	1,865	1,698	1,223	1,172	553	971	1,012	900	750	405	438	3,249	3,246	6,543	6,508	3,862	3,880	324	1,372	4,389	4,704	4,895	3,809	909	1,012	0	0	0	-	-	-	-	-	-	-	-
Dividends payable
1,656	1,582	1,643	1,643	1,643	1,510	-1,283	87	1,418	1,375	1,801	1,706	1,519	1,331	3,572	2,296	1,151	1,147	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right of use for operating leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability for operating leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment maturity receivable
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0