POAGE BANKSHARES, INC. PBSK Cash Flow

Poage bankshares, inc. (PBSK)

CashFlow / Quarterly

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	Dec'10
Operating activities:
Net income
292	704	229	-3,680	-18	367	463	244	364	688	499	345	530	1,716	586	-	-	-	-	-	398	878	446	434	-27	549	449	608	253	395	469	437
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	511	-425	-160	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash from operating activities:
Depreciation
177	166	168	229	191	190	188	271	177	223	183	324	197	185	150	173	128	151	117	147	107	103	110	94	98	99	99	95	94	95	92	90
Provision for loan losses
169	669	497	1,870	947	346	353	437	352	85	375	29	0	394	91	477	27	0	0	0	0	7	99	0	585	57	222	38	155	160	150	150
ESOP compensation expense
85	65	65	63	63	66	66	64	64	55	58	55	52	52	51	50	50	47	48	48	50	8	48	42	-	-	-	-	-	-	-	-
Stock based compensation expense
3	22	76	75	77	75	76	76	73	80	148	280	31	132	130	230	134	134	131	132	131	97	0	0	-	-	-	-	-	-	-	-
Loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	46	184	10	-	-	-	-
(Gain) Loss on sale of premises and equipment, net
-	-	-	1	0	0	16	-56	0	0	92	-	-	-	-	-	-	-	-	0	1	0	-10	0	-	-	-	-	-	-	-	-
(Gain) Loss on sale and write-downs of other real estate owned, net
25	15	18	-353	-29	-28	-69	-166	-136	-38	-8	0	-82	-33	-51	-6	-4	-55	-10	0	-61	-128	6	-36	-	-	-	-	-29	-27	-18	-7
Loss on sale of repossessed assets, net
0	2	-3	-	-	-	-	-	-	-	-	0	0	0	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposit intangible
84	86	84	83	85	85	86	86	87	87	87	90	92	80	81	175	15	74	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of fair value adjustments related to loans
-36	-30	-69	-80	-84	-109	-110	-174	-167	-205	-222	-678	-320	-242	-339	-647	-242	-214	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of fair value adjustments related to deposits
-16	-17	-16	-16	-17	-16	-16	-16	-16	-17	-16	-17	-21	-17	-16	-27	-1	-21	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of fair value related to subordinated debenture
16	16	16	17	16	16	16	16	16	16	16	16	16	16	16	16	32	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on fictitious loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net amortization on securities
-60	-39	-108	38	-31	19	-85	-32	-36	-75	-98	-105	-125	-149	-116	-171	194	-592	-108	-117	-184	-220	-230	-257	-228	-188	-164	-144	-99	-116	-121	-123
Deferred income tax (benefit) expense
260	283	30	-1,405	-192	119	1	-32	84	248	140	772	91	60	-69	280	91	-17	-58	-28	-140	310	67	63	-224	77	43	63	-	-	-	-
Net gain on mortgage banking activities
15	46	13	9	92	56	17	57	64	55	42	29	29	82	68	131	213	126	94	66	174	144	222	-	-	-	-	-	-	-	-	-
Deferred income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45	-16
Net gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	197	186	119	96	89	138	67	50	51	193
Origination of loans held for sale
886	1,856	436	490	2,480	1,689	1,306	2,084	2,597	1,998	1,472	1,632	3,212	564	2,078	2,096	2,783	2,354	707	1,732	4,433	2,001	2,098	1,925	3,582	3,119	2,985	3,013	2,631	489	2,005	5,502
Proceeds from loans held for sale
651	1,935	414	243	2,788	1,970	1,493	2,240	2,342	2,007	1,536	1,409	3,126	1,236	2,268	2,077	2,595	2,683	744	1,973	4,480	2,554	2,069	2,317	3,658	2,941	2,941	3,894	2,004	777	1,713	7,183
Increase in cash value of life insurance
39	41	41	43	43	43	42	45	45	45	45	46	45	45	45	-	-	-	-	0	-	-	-	-	-	54	54	56	-	-	-	-
Income from death benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	49	48	67	49	48	51	50	53	-	-	-	-	54	57	56	59
Change in assets and liabilities, net assets and liabilities acquired:
Accrued interest receivable
110	0	-125	106	-13	-80	3	2	18	-86	123	-52	26	-105	67	-101	27	-180	-5	-8	35	-86	40	-110	-122	0	-27	20	-84	101	98	-20
Other assets
-247	138	-17	-62	-186	188	-60	127	-599	560	-272	-210	180	329	-920	687	218	62	-105	-28	-286	328	-108	-165	-13	-23	-187	64	-1,141	303	362	-74
Accrued interest payable
6	-2	6	-56	17	-7	18	-49	10	23	30	-117	25	19	42	-177	45	45	71	-147	59	78	98	-333	83	99	124	-365	88	190	73	-421
Other liabilities
-244	124	30	787	384	353	411	-795	101	844	588	-1,672	83	-72	844	-607	508	-523	874	-114	216	393	-3	-374	352	122	186	-1,193	347	57	-179	-516
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	2,026	129	570	1,271	2,663	49	785	813	862	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
679	1,965	1,275	-527	1,931	1,569	1,875	-	-	-	-	-	-	-	-	-	-	-	-	157	1,119	2,338	866	647	1,417	949	1,130	-17	1,492	850	-160	1,377
Investing activities:
Net increase in interest-bearing deposits with other institutions
0	498	249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in interest-bearing deposits with other institutions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100
Securities available for sale:
Proceeds from sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	19,721	0	0	-	-	-	0	0	0	15,969	0	-	-	-	-
Proceeds from calls
-	-	-	-	-	-	-	-	-	-	-	1,000	10	0	1,000	4,494	3,271	265	7,000	0	0	4,395	2,500	4,370	13,126	18,010	14,792	8,757	25,860	1,283	8,000	6,000
Proceeds from maturities
249	310	380	845	0	295	140	-	-	-	-	355	250	0	405	0	265	0	120	415	1,460	435	689	100	-	-	-	-	-	-	-	-
Purchases
8,391	2,454	6,193	3,252	3,945	5,320	2,497	3,803	1,055	464	4,046	3,544	1,513	398	7,632	2,557	1,379	0	0	0	4,191	8,337	2,000	14,271	17,696	12,285	31,167	33,780	19,511	16,968	3,007	35,579
Principal payments received
5,449	1,754	2,109	1,751	2,086	1,531	1,757	1,828	2,097	1,804	1,640	1,505	1,768	1,893	1,540	1,408	1,610	1,406	1,408	1,228	2,467	3,052	3,534	3,527	-	-	-	-	-	-	-	-
Principal payments received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,727	1,157	700	-	-	-	-
Purchase of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Cash paid for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,445	0	0	0	0	-	-	-	-	-	-	-	-	-
Loan originations and principal payments on loans, net
-5,449	-4,976	-676	-5,643	3,568	-1,250	-5,056	4,595	-1,458	16,888	11,355	3,312	-6,328	2,490	-1,916	4,808	-2,823	2,927	2,828	1,723	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from death benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal payments on loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-948	-1,180	4,376	1,942	4	-3,603	2,645	1,450	-	-	-	-
Loan originations and principal payments on loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,530	-151
Proceeds from the sale of other real estate owned
223	252	1,174	273	125	504	227	124	721	394	69	463	83	245	108	14	114	0	0	0	92	58	140	309	-	-	-	-	244	202	138	18
Proceeds from the sale of repossessed assets
0	31	10	-	-	-	-	-	-	-	-	0	-3	21	34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of premises and equipment
-	-	-	0	0	0	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of premises and equipment
215	12	65	47	36	29	108	166	155	215	33	280	210	127	407	1,658	230	110	92	217	97	323	73	49	43	35	76	62	56	61	32	95
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-13,725	-2,276	7,236	1,443	-3,036	-2,475	6,474	18,355	7,053	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
2,764	4,359	-2,158	5,250	-5,563	-1,933	4,629	-	-	-	-	-	-	-	-	-	-	-	-	-297	2,928	-1,900	9,166	-4,072	-1,672	4,609	3,609	-22,935	4,748	-12,402	3,594	-29,405
Financing activities:
Net change in deposits
-6,422	-2,576	4,624	-4,847	2,793	-4,801	2,262	14,929	15,582	-564	1,696	7,755	-5,003	-1,400	3,308	4,975	-6,889	-5,150	3,761	-7,900	-7,207	-7,062	-3,695	-1,168	-431	48	722	-6,589	1,118	4,385	7,624	1,783
Proceeds from Federal Home Loan Bank borrowings
0	0	5,000	-	-	-	-	0	20,000	39,500	21,000	20,000	5,000	9,000	14,000	32,000	7,000	0	26,000	37,500	-	-	-	0	-	-	-	-	-	-	-	-
Payments on Federal Home Loan Bank borrowings
360	409	5,431	8,386	5,497	5,492	538	3,461	33,639	28,104	21,767	16,600	7,545	12,541	15,779	34,646	18,998	914	27,448	30,772	1,229	1,143	1,146	924	1,502	1,436	1,377	1,130	1,857	1,858	1,694	3,679
Cash dividend paid
210	209	212	163	212	220	222	238	303	229	230	183	237	227	193	146	193	196	167	125	93	135	135	135	-	-	-	-	-	-	-	-
Stock issuance cost paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock repurchases
0	49	277	150	18	3,102	528	329	1,355	606	1,234	491	291	105	1,234	79	0	331	0	71	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-535	10,481	-8,076	-3,598	102	2,104	-19,292	-6,591	2,146	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-812	-1,270	0	-	-	-	-	-	-	-	-
Net cash (used in) financing activities
-6,992	-3,243	3,704	-10,046	2,066	-4,115	974	-	-	-	-	-	-	-	-	-	-	-	-	-1,368	-8,705	-9,152	-6,246	-2,227	-2,068	-1,523	-790	-7,719	28,552	2,527	5,930	-1,896
Net increase in cash and cash equivalents
-3,549	3,081	2,821	-5,323	-1,566	-4,479	7,478	4,896	7,890	-39	-12,234	8,334	-270	-884	-271	-322	-12,033	12,577	10,061	-1,508	-4,658	-8,714	3,786	-5,652	-2,323	4,035	3,949	-30,671	34,792	-9,025	9,364	-29,924
Additional cash flows and supplementary information:
Cash paid during the year for:
Interest on deposits and debt
805	789	731	811	727	689	648	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on deposits and debt
-	-	-	-	-	-	-	-	-	-	533	665	521	518	508	738	550	541	351	707	1,774	0	497	1,041	639	662	695	1,316	987	899	1,053	1,661
Income taxes payment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	0	0	0	94	155	0	95	0	-	-	-	0	-	0	0	0
Stock issued for consideration paid in acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned and other repossessed assets acquired in settlement of loans
266	549	148	228	1,300	382	442	20	175	596	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquired in settlement of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	63	0	10	119	103	89	639	606	43	0	494	14
Real estate transferred from premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-