Oak valley bancorp (OVLY)
CashFlow / TTM
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

12,094

12,489

12,276

12,211

11,839

11,537

10,147

9,450

9,689

9,094

9,827

9,289

8,363

7,665

5,833

5,285

4,891

4,908

6,060

6,213

7,240

7,122

7,187

7,157

5,994

5,886

5,668

5,641

5,619

5,780

5,788

6,058

6,156

5,860

0

0

0

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

995

545

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (reversal of provision) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-125

-125

-2,002

-1,877

-1,877

-1,777

200

300

550

750

950

1,150

1,200

1,200

1,200

1,500

0

0

0

Increase (decrease) in deferred fees/costs, net

166

205

-44

247

337

393

368

174

154

4

-50

-190

131

19

30

210

-53

124

70

15

28

178

250

149

146

-24

-89

-14

-44

34

151

186

141

98

0

0

0

Depreciation

1,084

1,091

1,089

1,110

1,153

1,187

1,191

1,181

1,138

1,124

1,151

1,166

1,217

1,252

1,263

1,265

1,238

1,207

1,595

1,463

1,166

1,174

770

882

1,174

1,160

0

0

0

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,128

1,107

1,054

998

0

0

0

Amortization of investment securities, net

753

899

1,019

1,092

1,140

1,121

1,034

986

927

841

763

638

510

409

326

265

222

188

159

149

141

147

162

185

208

237

270

285

277

241

182

126

74

36

0

0

0

Stock based compensation

578

549

513

505

490

431

342

255

142

103

139

182

226

256

259

267

262

261

259

247

249

271

262

254

242

195

189

186

187

175

135

101

61

48

0

0

0

Excess tax benefits from vested restricted stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Gain on sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

1

1

5

5

5

8

3

0

0

0

-

-

-

-

22

0

0

0

-

-

-

-

OREO loss on sales and write downs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50

-50

-65

-82

-32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50

-65

-82

-32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs and loss (gain) on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Gain on sales and calls of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

103

206

366

379

310

209

36

37

49

60

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of OREO property

-

-

-

-

-

193

193

404

404

211

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales and calls of available for sale securities

29

138

138

114

119

81

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OREO write downs and (gain)/losses on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Gain on sales and calls of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

77

76

81

0

0

0

Earnings on cash surrender value of life insurance

651

602

556

512

511

511

509

509

511

514

522

494

461

441

412

418

429

429

434

436

440

433

419

409

404

404

414

419

419

423

422

427

408

432

0

0

0

Increase in interest payable and other liabilities

1,237

6,527

5,023

5,292

5,452

558

386

-1,769

-772

-364

925

1,425

2,299

1,483

150

1,023

-650

-1,214

148

-66

974

1,134

-319

328

-333

290

-1,488

485

912

1,053

2,780

743

-156

-434

0

0

0

(Increase) decrease in interest receivable

353

-298

18

86

400

584

451

424

437

340

362

344

73

411

56

47

247

33

91

205

45

13

103

25

49

357

-24

115

-69

-48

99

73

92

61

0

0

0

Decrease (increase) in other assets

2,053

4,016

4,431

4,554

659

-1,643

-1,394

216

818

1,691

1,431

-164

152

123

139

154

75

90

132

-79

-39

-529

-565

-438

-618

-23

-750

-630

-497

-165

795

387

-1,820

-2,283

0

0

0

Net cash from operating activities

13,261

17,209

14,881

14,517

17,773

14,440

14,149

9,625

10,479

9,399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,633

5,284

4,311

6,745

6,682

6,818

7,407

6,126

6,998

7,627

7,516

6,631

8,449

9,090

9,040

9,802

8,326

9,708

10,115

0

0

0

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

86,632

26,181

29,492

32,208

32,210

51,700

55,327

72,879

65,014

50,801

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

89

90

90

86

86

85

83

83

81

81

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

53,955

55,370

49,896

49,521

42,694

34,000

28,818

21,766

17,883

20,285

19,898

22,456

36,082

37,488

42,393

40,462

43,742

50,885

58,021

54,460

54,574

0

0

0

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

46,959

45,965

44,755

33,576

26,534

21,033

23,373

36,929

32,550

30,196

25,183

10,191

22,411

21,762

27,080

30,813

25,991

31,935

28,367

24,986

23,319

18,884

0

0

0

-

-

-

-

30,364

32,024

30,235

24,367

20,140

0

0

0

Investment in LIHTC

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in LIHTC

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

52,788

39,168

69,385

63,607

59,084

49,393

26,961

31,195

36,023

52,231

34,485

45,051

45,908

71,428

81,797

72,234

70,635

41,778

41,578

27,879

28,860

33,281

21,421

44,466

35,008

32,200

34,721

10,063

6,240

3,431

-561

1,777

-505

-6,846

0

0

0

Purchase of FRB Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

0

-

-

-

-

Purchase of BOLI policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,029

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of BOLI policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of OREO

-

-

-

-

-

447

447

1,615

1,615

1,168

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

949

816

549

548

0

0

0

Proceeds from sale of OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

0

-

-

-

-

3

3

3

-7,110

6

6

6

7,116

22

0

0

0

-

-

-

-

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

924

924

924

890

85

85

154

196

219

219

150

108

9

0

0

0

Purchases of bank premises and equipment

1,591

1,383

1,042

940

1,012

1,646

3,536

3,257

2,782

2,193

487

467

623

663

1,239

1,472

1,381

1,418

1,717

1,418

1,120

1,556

526

790

983

448

691

560

770

821

839

1,540

4,320

4,323

0

0

0

Net cash (used in) from investing activities

-100,179

-26,856

-62,575

-65,473

-67,687

-82,971

-61,527

-68,314

-69,687

-73,894

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-68,609

-71,927

-30,332

-48,631

-32,832

-28,523

-34,966

-26,381

-50,259

-45,769

-52,568

-45,727

-18,585

-8,507

-9,633

-17,923

-30,020

-32,848

-31,121

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid

2,257

2,214

2,214

2,170

2,170

2,117

2,117

2,064

2,064

2,022

2,022

1,982

1,981

1,940

1,939

1,856

1,857

1,695

1,696

1,333

2,919

1,318

1,318

793

-793

0

0

0

0

-

-

-

-

-

-

-

-

FHLB payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Preferred stock dividend payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68

152

152

350

451

629

791

761

761

0

0

0

Net increase (decrease) in demand deposits and savings accounts

90,543

36,819

7,863

-17,618

-9,288

54,828

79,736

51,458

63,697

29,660

46,585

88,000

72,870

95,578

74,847

83,652

81,341

77,313

84,291

85,574

60,509

71,529

41,576

28,740

42,164

21,029

43,295

55,034

63,905

52,690

51,498

33,152

38,760

72,401

0

0

0

Net decrease in time deposits

-2,361

-3,385

-4,294

-3,907

-7,310

-7,215

-7,028

-6,629

-7,525

-4,871

-4,625

-672

3,859

3,824

1,207

-256

-3,017

-3,328

-1,892

-4,615

-3,514

-4,581

-3,040

-2,891

-6,382

-5,388

-4,986

-4,311

-2,418

-1,902

-3,670

-2,957

-5,674

-12,936

0

0

0

Proceeds from exercise of stock options

0

6

13

13

13

7

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholding payments on vested restricted shares surrendered

140

130

121

115

90

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from vested restricted stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,586

76,513

72,336

80,753

79,676

55,749

66,656

38,194

26,032

35,927

8,908

31,491

43,975

47,837

40,843

34,705

16,281

23,907

53,153

0

0

0

Net cash from (used in) financing activities

85,785

31,096

1,247

-23,797

-18,845

45,503

70,591

42,840

54,199

22,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-1,133

21,449

-46,447

-74,753

-68,759

-23,028

23,213

-15,849

-5,009

-41,637

-7,635

19,535

8,147

207

-9,351

20,610

9,870

46,315

38,867

53,526

34,044

39,097

17,939

-17,229

-2,214

-36,144

0

0

0

-

-

-

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,584

-5,412

766

32,147

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest

1,452

1,558

1,717

1,766

1,742

1,611

0

0

0

-

-

888

817

756

710

668

628

618

622

629

639

668

693

727

789

835

0

0

0

-

1,306

1,421

1,547

1,686

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

2,331

2,041

2,223

3,262

4,152

4,475

2,870

3,050

3,005

2,900

3,230

3,150

2,345

0

0

0

-

1,790

2,285

3,740

3,961

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain (loss) on securities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in contributions payable to LIHTC limited partner investment

-39

0

3,082

3,195

3,391

3,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets

-264

4,312

4,550

4,351

4,817

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES:
Present value of lease obligations

-803

4,698

4,947

4,758

5,246

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized (loss) gain on securities

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate acquired through foreclosure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,882

0

0

0

-

0

0

0

-

-

-

-

Change in unrealized gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,048

2,569

1,468

-337

-507

-542

1,431

2,974

4,470

3,919

539

-4,518

-6,810

0

0

0

-

768

1,649

1,317

1,948

0

0

0

Accretion of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

486

0

0

0