Old point financial corp (OPOF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

7,860

4,919

-29

3,797

3,634

4,116

3,163

4,187

3,290

1,547

1,682

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,220

2,469

2,742

2,725

2,543

2,277

1,952

1,884

1,816

1,938

1,854

Amount of amortization expense attributable to right-of-use asset from operating lease.

319

0

-

-

-

-

-

-

-

-

-

Accretion related to acquisition, net

239

341

0

-2,196

-2,188

-2,241

-2,512

-1,705

-285

66

140

Provision for loan losses

318

2,861

4,160

1,930

1,025

600

1,300

2,400

3,700

8,800

6,875

Gain on sale of available-for-sale securities, net

314

120

96

522

76

2

-26

2,313

787

541

290

Net amortization of securities

1,103

1,687

2,247

-

-

-

-

-

-

-

-

Increase in loans held for sale, net

111

-300

779

0

0

-

-

-

-

-

-

Net loss on disposal of premises and equipment

-82

-9

-4

3

-6

-1

-28

0

-

3

4

Net (gain) on sale of other real estate owned

2

-86

18

-154

-957

-872

-1,345

-777

-1,413

-1,442

-680

Bank-owned life insurance income

784

782

774

795

885

851

848

1,339

823

972

956

Stock compensation expense

224

160

17

0

0

0

0

82

110

114

111

Deferred tax benefit

352

-164

-117

-19

-227

-101

-316

-7

2,094

-2,428

-453

Increase in other assets

-1,967

-338

-458

567

3,969

-440

988

-1,989

1,756

-6,491

-12,183

Decrease in accrued expenses and other liabilities

-625

732

3,177

-

-

-

-

-

-

-

-

Increase (decrease) in other liabilities

-

-

-

-243

3,637

442

343

410

50

-645

-386

Pension plan contribution

-

-

1,554

0

1,000

0

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

10,035

8,517

-

-

-

-

Net cash (used in) provided by operating activities

12,370

12,154

9,438

8,653

7,833

-

-

9,775

9,392

2,833

-2,922

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities

103,036

26,002

23,095

151,204

104,103

25,471

14,746

359,157

251,239

251,096

244,960

The net cash paid (received) associated with the acquisition or disposal of restricted investments.

-927

-270

-

-

-

-

-

-

-

-

-

Proceeds from redemption (cash used in purchases) of restricted securities, net

-

-

2,876

-

-

-

-

-

-

-

-

Proceeds from redemption of restricted securities, net

-

-

-

1,046

277

-

-

-

-

-

-

Purchases of held-to-maturity securities

-

-

-

-

-

0

30,363

100

2,000

2,270

2,700

Proceeds from redemption (cash used in purchases) of restricted securities

-

-

-

-

-

85

184

889

869

495

-24

Proceeds from maturities and calls of available-for-sale securities

29,725

10,990

50,290

43,660

80,790

725

10,690

37,330

-

-

-

Proceeds from maturities and calls of held-to-maturity securities

-

-

-

0

300

300

170

145

-

-

-

Proceeds from maturities and calls of securities

-

-

-

-

-

-

-

-

132,670

128,354

127,875

Proceeds from sales of available-for-sale securities

65,699

12,536

4,480

107,647

23,005

38,653

63,637

198,217

94,716

91,978

43,032

Proceeds from payments on available-for-sale mortgage-backed securities.

11,984

10,183

9,981

11,288

9,353

9,318

22,518

-

-

-

-

Proceeds from sale of loans held for investment

0

8,746

0

-

-

-

-

-

-

-

-

The (increase) outflow of cash or decrease cash inflow in loans held for investment.

25,529

-3,568

-

-

-

-

-

-

-

-

-

Net increase in loans held for investment

-

-

137,615

-

-

-

-

-

-

-

-

Paydowns on held-to-maturity securities

-

-

-

0

8,161

6,160

6,055

-

-

-

-

(Purchases) paydowns of consumer installment loans, net

-

-

-

2,281

6,797

0

-

-

-

-

-

Paydowns on investment securities

-

-

-

-

-

-

-

32,968

-

-

-

Net increase in all other loans (including repayments on student loans)

-

-

-

34,549

26,599

36,985

33,032

-44,770

-57,862

-45,187

3,207

Proceeds from sales of other real estate owned

85

210

1,084

1,699

1,956

1,799

1,404

2,974

2,376

1,703

4,400

Payments for improvements to other real estate owned

-

-

-

-52

0

-23

0

-

-

-

-

Purchases of bank-owned life insurance

-

-

-

-

-

-

-

0

2,750

-

-

Proceeds from payout on bank-owned life insurance policy

-

-

-

-

-

-

-

1,108

0

-

-

Purchases of bank owned life insurance

-

-

-

-

-

-

-

-

-

940

2,000

Purchases of premises and equipment

1,782

478

619

891

1,756

3,806

10,883

4,148

2,464

1,159

5,112

Cash paid in acquisition

0

3,164

0

-

-

-

-

-

-

-

-

Cash acquired in acquisition

0

2,304

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-9,245

15,634

-

-

-

-

Net cash (used in) provided by investing activities

29,131

12,027

-98,370

-23,637

-15,413

-

-

-45,004

30,040

12,252

-82,696

CASH FLOWS FROM FINANCING ACTIVITIES
Decrease in noninterest-bearing deposits

16,293

14,236

-2,925

13,551

28,810

3,767

5,773

13,101

34,431

17,571

-12,118

Increase in savings deposits

31,105

15,487

601

23,082

14,292

20,993

17,832

35,905

7,138

19,562

18,543

(Decrease) increase in time deposits

-917

-14,056

1,416

1,398

-13,285

-33,511

-52,016

13,931

-29,904

-20,421

9,553

Decrease in federal funds purchased, repurchase agreements and other borrowings, net

-14,923

-2,368

11,989

-7,246

-11,866

6,230

-5,640

745

-53,966

-19,991

77,156

Increase in Federal Home Loan Bank advances

10,000

140,500

167,500

55,000

20,000

10,000

0

-

-

-

-

Repayment of Federal Home Loan Bank advances

33,000

148,000

100,000

80,000

25,000

5,000

0

10,000

0

30,000

5,000

Proceeds from ESPP issuance

85

87

1,264

46

0

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

0

0

0

284

246

138

Repurchase and retirement of common stock

-

-

157

0

0

-

-

0

-

41

36

Tax benefit from disqualified stock options

-

-

-

-

-

-

-

0

-

16

0

Cash dividends paid on common stock

2,496

2,262

2,198

1,983

1,686

1,289

1,092

991

991

1,232

2,307

Net cash provided by financing activities

-

-

-

-

-

1,190

-35,143

-

-

-

-

Net cash provided by (used in) financing activities

6,147

3,624

77,490

3,848

11,265

-

-

52,691

-43,008

-34,290

85,929

Net decrease in cash and cash equivalents

47,648

27,805

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-11,442

-11,136

3,685

1,980

-10,992

17,462

-3,576

-19,205

311

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for: [Abstract]
Interest

6,396

4,735

2,880

2,587

3,646

-

-

-

-

-

-

Interest

-

-

-

-

-

3,920

4,791

5,912

6,963

-10,607

-14,651

Income tax

-

-

600

0

200

535

550

1,150

0

-

-

SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS
Unrealized gain (loss) on securities available-for-sale

2,629

-1,560

1,563

-1,762

-755

7,938

-

-

-

-

-

Unrealized gain (loss) on securities available-for-sale

-

-

-

-

-

-

-11,076

706

3,715

-

-

Loans transferred to other real estate owned

0

203

0

0

553

1,815

1,673

850

2,741

-

-

Amount of former bank property transferred from fixed assets to held for sale assets.

906

0

-

-

-

-

-

-

-

-

-

Right of use lease asset and liability

751

0

-

-

-

-

-

-

-

-

-

Decrease in pension liability

-

-

3,741

-

-

-

-

-

-

-

-

Transactions Related to Acquisitions [Abstract]
Assets acquired

0

50,406

0

-

-

-

-

-

-

-

-

Liabilities assumed

0

44,324

0

-

-

-

-

-

-

-

-

Common stock issued in acquisition

0

3,947

0

-

-

-

-

-

-

-

-

Income tax

-

-

-

-

-

-

-

-

-

-2,850

-650

Unrealized gain on securities available-for-sale

-

-

-

-

-

-

-

-

-

1,452

971

Real Estate Owned, Transfer from Real Estate Owned

-

-

-

-

-

481

0

-

-

-5,968

-10,044

Former bank property transferred from fixed assets to foreclosed properties

-

-

-

127

0

0

885

0

-

-

-

(Increase) decrease in pension liability

-

-

-

-177

237

1,336

-964

468

-

-

-

Equity securities transferred from other assets to available-for-sale

-

-

-

-

-

100

0

-

-

-

-

Securities transferred from available-for-sale to held-to-maturity

-

-

-

-

-

-

68,015

0

-

-

-

Unamortized losses on transfer date on securities transferred from available-for-sale to held-to-maturity, eliminated upon transfer back to available-for-sale

-

-

-

0

4,197

0

-6,232

0

-

-

-

Amortization of unrealized loss on securities transferred to held-to-maturity

-

-

-

0

934

835

267

0

-

-

-

Change in pension liability

-

-

-

-

-

-

-

-

-352

-

-

Change in pension liability

-

-

-

-

-

-

-

-

-

-529

-359