Oak valley bancorp (OVLY)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

2,709

3,192

3,230

2,963

3,104

2,979

3,165

2,591

2,802

1,589

2,468

2,830

2,207

2,322

1,930

1,904

1,509

490

1,382

1,510

1,526

1,642

1,535

2,537

1,408

1,707

1,505

1,374

1,299

1,489

1,478

1,351

1,460

1,496

1,748

1,449

1,165

Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses

450

210

240

95

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (reversal of provision) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-125

0

0

-1,877

0

0

100

100

100

250

300

300

300

300

300

300

600

Increase (decrease) in deferred fees/costs, net

-6

318

-60

-86

33

69

231

4

89

44

37

-16

-61

-10

-103

305

-173

1

77

42

4

-53

22

55

154

19

-79

52

-16

-46

-3

23

61

69

32

-21

18

Depreciation

265

275

276

268

272

273

297

311

306

277

287

268

292

304

302

319

327

315

304

292

296

703

172

-5

304

299

284

287

289

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

283

283

281

279

262

230

225

Amortization of investment securities, net

134

184

206

229

280

304

279

277

261

217

231

218

175

139

106

90

74

56

45

47

40

27

35

39

46

42

58

62

74

75

73

54

38

15

17

2

0

Stock based compensation

160

150

118

150

131

114

110

135

72

25

23

22

33

61

66

66

63

64

74

61

62

62

62

63

84

53

54

51

36

47

51

52

24

7

16

12

12

Excess tax benefits from vested restricted stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

0

3

49

-

-

-

-

-

0

4

32

-

-

-

-

Gain on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

0

1

0

0

0

5

0

0

3

0

-

-

-

-

0

0

0

21

-

-

-

-

OREO loss on sales and write downs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-50

0

-15

-17

0

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-50

0

-15

-17

0

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs and loss (gain) on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

-

-

-

-

Gain on sales and calls of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

6

20

4

73

109

180

17

4

8

7

18

16

18

-

-

-

-

-

-

-

-

Gain on sale of OREO property

-

-

-

-

-

0

0

0

193

0

211

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales and calls of available for sale securities

0

1

27

1

109

1

3

6

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs and (gain)/losses on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

71

219

Gain on sales and calls of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

13

21

14

27

12

25

Earnings on cash surrender value of life insurance

174

176

174

127

125

130

130

126

125

128

130

128

128

136

102

95

108

107

108

106

108

112

110

110

101

98

100

105

100

108

105

105

105

107

109

86

128

Increase in interest payable and other liabilities

278

1,550

606

-1,197

5,568

46

875

-1,037

674

-126

-1,280

-40

1,082

1,163

-780

834

266

-170

93

-839

-298

1,192

-121

201

-138

-261

526

-460

485

-2,039

2,499

-33

627

-312

462

-933

349

(Increase) decrease in interest receivable

259

258

-200

36

-392

574

-132

350

-208

441

-159

363

-305

463

-177

92

33

108

-186

292

-181

166

-72

132

-213

256

-150

156

94

-125

-10

-28

115

23

-36

-10

84

Decrease (increase) in other assets

-487

-508

-235

3,283

1,476

-93

-112

-612

-826

156

1,498

-10

47

-104

-97

306

18

-88

-82

227

33

-46

-293

267

-457

-82

-166

86

138

-809

-45

219

470

151

-453

-1,988

7

Net cash from operating activities

4,056

5,088

4,970

-853

8,004

2,760

4,606

2,403

4,671

2,469

82

3,257

3,591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,614

2,446

596

1,977

265

1,473

3,030

1,914

401

2,062

1,749

2,786

1,030

1,950

864

4,604

1,671

1,900

1,626

3,129

3,053

2,307

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

67,627

2,321

5,251

11,433

7,176

5,632

7,967

11,435

26,666

9,259

25,519

3,570

12,453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

21

22

24

22

22

22

20

22

21

20

20

20

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

6,773

14,896

16,511

15,775

8,188

9,422

16,136

8,948

-506

4,240

9,084

5,065

1,896

3,853

11,642

18,690

3,302

8,757

9,711

21,970

10,445

15,893

6,149

22,085

Proceeds from maturities, calls, and principal paydowns of securities available for sale

12,651

5,542

17,365

11,401

11,657

4,332

6,186

4,359

6,156

6,672

19,742

-20

3,802

1,659

4,750

12,200

3,153

6,977

8,483

7,378

9,097

3,409

5,102

5,711

4,662

-

-

-

-

5,190

11,271

7,794

6,108

6,849

9,482

1,926

1,881

Investment in LIHTC

241

-

-

-

202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in LIHTC

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

9,135

18,494

14,406

10,753

-4,485

48,711

8,628

6,230

-14,176

26,279

12,862

11,058

2,032

8,533

23,428

11,915

27,552

18,902

13,865

10,316

-1,305

18,702

166

11,297

3,116

6,842

23,211

1,839

307

9,363

-1,446

-1,984

-2,501

5,370

892

-4,267

-8,842

Purchase of FRB Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

-

-

-

-

Purchase of BOLI policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,029

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of BOLI policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of OREO

-

-

-

-

-

0

0

0

447

0

1,168

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

133

135

548

0

-134

134

Proceeds from sale of OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

247

-

-

-

-

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

0

1

-

-

-

-

0

0

3

0

0

0

-7,110

7,116

0

0

0

21

-

-

-

-

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

0

34

890

0

0

0

85

0

69

41

108

0

0

0

9

Purchases of bank premises and equipment

210

437

493

451

2

96

391

523

636

1,986

112

48

47

280

92

204

87

856

325

113

124

1,155

26

-185

560

125

290

8

24

368

158

218

75

386

860

2,999

78

Net cash (used in) from investing activities

-64,583

-15,815

-7,922

-11,859

8,740

-51,534

-10,820

-14,073

-6,544

-30,090

-17,607

-15,446

-10,751

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,577

-40,260

2,357

-15,129

-18,895

1,335

-15,942

670

-14,586

-5,108

-7,357

-23,208

-10,096

-11,906

-516

3,933

-18

-13,033

-8,805

-8,163

-2,845

-11,305

CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid

1,149

0

1,108

0

1,106

0

1,064

0

1,053

0

1,011

0

1,011

0

971

-1

970

-1

888

0

808

0

525

1,586

-793

0

0

0

0

-

-

-

-

-

-

-

-

FHLB payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,000

-

-

-

-

Preferred stock dividend payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

67

84

0

198

168

262

161

168

168

Net increase (decrease) in demand deposits and savings accounts

8,757

42,089

30,776

8,921

-44,967

13,133

5,295

17,251

19,149

38,041

-22,983

29,490

-14,888

54,966

18,432

14,360

7,820

34,235

27,237

12,049

3,792

41,213

28,520

-13,016

14,812

11,260

15,684

408

-6,323

33,526

27,422

9,280

-17,538

32,334

9,076

14,888

16,102

Net decrease in time deposits

-1,761

-153

-1,873

1,426

-2,785

-1,062

-1,486

-1,977

-2,690

-875

-1,087

-2,873

-36

-629

2,866

1,658

-71

-3,246

1,403

-1,103

-382

-1,810

-1,320

-2

-1,449

-269

-1,171

-3,493

-454

132

-495

-1,600

62

-1,635

217

-4,317

-7,200

Proceeds from exercise of stock options

0

0

0

0

6

7

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholding payments on vested restricted shares surrendered

100

9

6

25

90

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from vested restricted stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

0

3

49

-

-

-

-

-

0

4

32

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,019

6,779

31,036

27,752

10,946

2,602

39,453

26,675

-12,981

13,509

10,991

14,513

-3,085

-13,510

33,574

26,996

776

-20,503

27,436

8,572

8,402

8,742

Net cash from (used in) financing activities

5,747

41,927

27,789

10,322

-48,942

12,078

2,745

15,274

15,406

37,166

-25,006

26,633

-15,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-54,780

31,200

24,837

-2,390

-32,198

-36,696

-3,469

3,604

13,533

9,545

-42,531

14,444

-23,095

43,547

-15,361

3,056

-31,035

33,989

14,600

-7,684

5,410

26,541

29,259

-27,166

10,463

5,383

-5,909

-12,151

-23,466

-

-

-

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,534

2,429

-31,636

20,256

3,537

8,609

-255

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest

317

358

394

383

423

517

443

359

292

-

-

269

231

198

190

198

170

152

148

158

160

156

155

168

189

181

189

230

234

-

272

319

339

375

387

445

477

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

897

1,423

11

0

607

1,605

1,050

890

930

0

1,230

845

825

330

1,150

40

-

80

885

0

825

575

2,340

221

NON-CASH INVESTING ACTIVITIES:
Change in unrealized gain on securities

278

-

-

-

1,612

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain (loss) on securities

-

-

-

-

-

-

-1,008

-337

-1,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in contributions payable to LIHTC limited partner investment

-241

511

-113

-196

-202

3,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets

241

-238

199

-466

4,817

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Present value of lease obligations

-255

-249

189

-488

5,246

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized (loss) gain on securities

-

-

-

-

-

-

-

-

-

-

-

1,991

649

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired through foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

911

970

-

0

0

0

-

-

-

-

Change in unrealized gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,742

-272

1,805

161

875

-1,373

0

-9

840

600

1,543

1,487

289

-2,780

-3,514

-804

-

635

1,287

-455

-699

1,516

955

175

Accretion of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

402

41

41