Ohio valley banc corp (OVBC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net income

9,907

11,944

7,509

6,920

8,574

8,073

8,112

7,052

5,835

5,096

6,645

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment

1,183

1,141

1,277

1,126

872

795

827

973

971

1,067

-

Net (accretion) of purchase accounting adjustments

494

188

526

255

0

0

-

-

-

-

-

Net amortization of securities

-173

-260

-378

-407

-432

-732

-1,436

-1,483

-1,059

-666

-

Net realized (gain) on sale of securities

-

-

-

-

163

0

-

-

-

-

-

Proceeds from sale of loans in secondary market

9,840

11,034

7,857

6,455

6,746

4,286

13,187

29,573

13,637

16,825

-

Loans disbursed for sale in secondary market

9,530

10,692

7,592

-

-

-

-

-

-

-

-

Loans disbursed for sale in secondary market

-

-

-

6,228

6,504

4,058

12,681

28,947

13,251

16,463

-

Depreciation

-

-

-

-

-

-

-

-

-

-

1,071

Net amortization of securities

-

-

-

-

-

-

-

-

-

-

280

Proceeds from sale of loans in secondary market

-

-

-

-

-

-

-

-

-

-

57,815

Loans disbursed for sale in secondary market

-

-

-

-

-

-

-

-

-

-

57,057

Amortization of mortgage servicing rights

68

55

71

79

93

77

-

-

-

-

129

(Recovery) impairment of mortgage servicing rights

-

-

-

-

-

-

-121

-21

-

-

91

(Recovery) impairment of mortgage servicing rights

-

-

-

-

-

-

-

-

-33

30

-

Gain on sale of loans

378

397

336

306

335

305

503

784

474

514

978

Amortization of intangible assets

206

135

156

68

0

0

118

179

121

122

-

Deferred tax (benefit) expense

367

-134

1,907

-725

591

-517

144

-206

340

-462

-2

Provision for loan losses

1,000

1,039

2,564

2,826

1,090

2,787

477

1,583

4,896

5,871

3,212

Common stock issued to ESOP

328

295

428

575

0

351

640

617

496

315

-

Earnings on bank owned life insurance and annuity assets

704

717

1,226

725

681

672

724

782

725

741

-

Gain on sale of ProAlliance Corporation

-

-

-

-

-

810

-

-

-

-

-

Loss on sale of other real estate owned

-57

-21

-134

22

99

25

-115

-

-

-

-

Common stock issued to ESOP

-

-

-

-

-

-

-

-

-

-

-22

Earnings on bank owned life insurance and annuity assets

-

-

-

-

-

-

-

-

-

-

1,311

(Gain) loss on sale of other real estate owned

-

-

-

-

-

-

-

181

42

-177

38

Net write-down of other real estate owned

8

538

55

489

0

-88

577

331

1,266

-

-

Net gain on branch divestitures

1,256

-

-

-

-

-

-

-

-

-

-

Change in accrued interest receivable

-74

135

188

496

13

-95

-156

-815

168

-192

-

Change in accrued income receivable

-

-

-

-

-

-

-

-

-

-

-276

Change in accrued liabilities

2,376

1,946

1,681

1,461

473

1,326

270

-98

1,397

-718

-1,374

Change in other assets

-1,528

-1,996

-347

-1,717

678

366

-1,128

756

-857

-866

3,853

Net cash provided by operating activities:

14,753

18,141

14,496

13,366

10,398

11,681

13,158

10,831

16,182

12,329

4,928

Investing activities:
Net cash acquired from Milton Bancorp, Inc. acquisition

-

-

-

1,770

0

0

-

-

-

-

-

Proceeds from sales of securities available for sale

-

-

-

-

10,550

0

-

-

-

-

-

Proceeds from maturities of securities available for sale

20,199

21,139

20,389

18,591

15,085

15,318

24,577

33,696

43,193

65,698

41,099

Purchases of securities available for sale

20,126

23,757

25,177

20,256

33,251

16,077

17,105

43,436

43,007

69,014

49,922

Proceeds from maturities of securities held to maturity

3,754

1,711

1,419

3,089

3,482

827

1,813

2,213

1,449

3,523

1,858

Purchases of securities held to maturity

-

-

389

1,528

626

885

1,196

2,935

2,068

9,126

1,470

Proceeds from maturities of certificates of deposit in financial institutions

-

-

245

490

245

0

-

-

-

-

-

Purchases of certificates of deposit in financial institutions

295

245

395

445

980

980

-

-

-

-

-

Proceeds from restricted investments in bank stocks

-

-

-

-

-

1,200

-

-

-

-

-

Purchases of restricted investments in bank stocks

-

-

-

566

0

0

1,495

-

-

-

-

Net change in loans

-2,323

9,981

37,918

38,299

-5,049

29,936

9,572

-36,731

-34,243

-4,829

25,527

Proceeds from sale of other real estate owned

392

1,132

1,466

403

458

821

1,935

1,706

756

1,511

1,050

Proceeds from sale of ProAlliance Corporation

-

-

-

-

-

810

-

-

-

-

-

Purchases of premises and equipment

6,232

2,725

1,727

1,683

1,950

985

1,152

437

449

673

971

Disposals of premises and equipment

402

-

-

-

-

-

-

-

-

-

-

Proceeds from bank owned life insurance and annuity assets

-

-

2,107

-

0

-

1,249

-

-

-

1,034

Purchases of bank owned life insurance and annuity assets

500

-

2,200

-

3,000

0

-

1,177

2,611

286

-

Purchases of bank owned life insurance and annuity assets

-

-

-

-

-

-

-

-

-

-

304

Net cash (used in) investing activities

-83

-12,726

-42,180

-38,434

-4,938

-29,887

-946

26,361

31,506

-3,538

-33,153

Financing activities:
Change in deposits

-25,179

-9,930

66,444

10,150

13,916

17,953

-26,187

-32,822

-6,895

47,137

55,283

Proceeds from common stock through dividend reinvestment

1,407

1,325

715

-

0

103

170

55

-

-

-

Cash dividends

4,000

3,967

3,932

3,585

3,665

3,441

2,965

4,393

3,360

3,347

-

Cash dividends

-

-

-

-

-

-

-

-

-

-

-3,186

Change in securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-38,107

6,466

7,571

Repayment of subordinated debentures

-

-

-

-

-

-

5,000

-

-

-

-

Proceeds from Federal Home Loan Bank borrowings

-

8,000

4,785

11,102

400

7,575

5,853

2,000

703

11,475

6,050

Repayment of Federal Home Loan Bank borrowings

3,676

3,162

5,318

1,883

1,671

1,612

1,393

7,789

7,562

26,278

16,005

Change in other long-term borrowings

-2,046

-989

-459

3,899

0

0

-

-

-

-

-

Change in other short-term borrowings

-

-85

-144

21

113

261

3

-222

-588

-163

-24,110

Net cash provided by financing activities

-33,494

-8,808

62,091

19,704

9,093

20,839

-29,519

-43,171

-55,809

35,290

25,603

Cash and cash equivalents:
Change in cash and cash equivalents

-18,824

-3,393

34,407

-5,364

14,553

2,633

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

-

-17,307

-5,979

-8,121

44,081

-2,622

Supplemental disclosure:
Cash paid for interest

6,931

5,008

3,724

2,930

2,784

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

3,274

4,158

6,863

10,875

15,022

17,791

Cash paid for income taxes

890

2,050

2,236

1,725

2,450

3,567

2,950

4,033

445

2,016

2,730

Proceeds from bank owned life insurance and annuity assets not settled

-

-

1,993

-

0

-

-

-

-

-

-

Transfers from loans to other real estate owned

570

547

1,337

957

1,381

879

314

1,267

1,833

522

1,749

Other real estate owned sales financed by The Ohio Valley Bank Company

-

-

237

316

189

390

466

1,133

344

159

723

Initial recognition of operating lease right-of-use asset

1,280

-

-

-

-

-

-

-

-

-

-

Operating lease liability arising from obtaining right-of-use asset

1,280

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for Milton Bancorp, Inc. acquisition

-

-

-

11,444

-

-

-

-

-

-

-

Net assets acquired from Milton Bancorp, Inc. acquisition, excluding cash and cash equivalents

-

-

-

3,140

0

0

-

-

-

-

-