PEOPLES BANCORP OF NORTH CAROLINA INC PEBK Cash Flow

Peoples bancorp of north carolina inc (PEBK)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	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
Cash flows from operating activities:
Net earnings
2,367	2,966	3,621	3,813	3,667	3,436	3,467	3,176	3,303	2,010	3,242	2,811	2,205	1,302	2,457	2,965	2,453	2,188	2,493	2,624	2,328	1,816	2,442	2,552	2,578	1,381	1,919	1,633	1,758	1,213	1,412	1,509	1,659	1,777	1,392	629	1,361
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation, amortization and accretion
1,038	1,015	1,023	984	942	1,063	1,090	1,188	1,230	1,254	1,258	1,278	1,228	1,242	1,319	1,387	1,475	1,530	1,523	1,529	1,471	1,635	1,996	1,546	1,712	2,354	1,661	2,225	2,213	2,225	2,245	2,211	2,195	2,311	1,062	1,316	1,537
Provision for loan losses
1,521	186	422	77	178	418	110	231	31	-102	-218	49	-236	-98	-360	-532	-216	-210	234	-214	173	-672	255	67	-349	420	337	774	1,053	511	761	1,603	2,049	2,936	3,378	3,368	2,950
Deferred income taxes
-8	-	-3	-2	-2	-	-1,152	-4	-3	-	0	0	-1,122	-	-75	15	-547	-	100	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities
0	0	-5	0	231	-35	0	50	0	-	-	-	-	-	-	-	-	-	-	-	-	0	240	0	26	0	0	351	263	15	12	664	527	1,911	1,239	181	1,075
Gain on sale of other real estate
-	-	-	-	-	0	14	-3	6	0	0	0	0	0	-2	4	79	88	92	96	87	-38	41	12	-10	-72	0	35	51	-77	19	17	-57	-91	-38	-46	-97
Write-down of other real estate
-	-	-	-	-	-	-	-	-	-1	-43	0	283	0	14	1	2	89	12	17	0	200	275	0	152	225	111	220	39	349	345	212	132	205	280	315	250
Gain (loss) on sale of premises and equipment
-	-	-	-	-	-546	0	0	2	-32	0	-1	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock expense
-77	69	31	60	110	-46	-8	82	57	26	95	41	430	456	224	182	70	205	64	101	117	117	105	85	82	69	34	44	26	25	1	12	4	2	-2	0	7
Proceeds from sales of mortgage loans held for sale
14,876	-	15,430	12,474	6,098	-	8,734	9,945	8,530	-	14,414	16,469	18,376	-	22,087	13,492	16,607	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of mortgage loans held for sale
16,608	-	17,384	14,422	5,779	-	9,803	10,113	8,176	-	13,524	18,642	14,007	-	21,839	15,520	13,454	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in:
Mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,257	-569	-	-	-	138	-1,704	-3,801	2,168	-3,088	938	2,231	-2,503	1,110	2,998	181	-448	-1,399
Cash surrender value of life insurance
95	97	96	95	95	97	96	96	95	100	101	100	299	99	100	101	106	106	107	104	104	104	107	105	103	108	110	108	106	131	102	103	102	114	61	61	60
Right of use lease asset
-195	-	-	-	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
8	-1,730	2,199	1,130	-2,539	4,449	-2,003	507	742	4,745	-533	1,072	-1,302	1,533	-379	-83	-435	1,200	-736	-400	344	2,282	-2,022	846	1,428	-611	1,320	-1,070	-1,147	1,006	-831	21	245	-1,098	-1,152	80	-474
Lease liability
189	-	-	-	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-1,125	-1,312	2,296	-793	-3,203	3,024	-68	122	-319	1,002	-168	1,283	-1,523	162	-581	857	-227	-906	748	460	580	-12,738	-2,648	12,586	-9,709	-1,920	2,319	-498	-883	1,516	-11,041	11,549	318	492	573	46	-181
Net cash provided by operating activities
1,887	4,120	3,478	1,375	4,224	5,135	4,263	3,977	3,812	4,320	5,488	2,116	6,670	-202	3,527	2,501	6,413	-395	6,095	3,460	4,703	-10,544	5,221	14,459	-7,219	5,342	8,752	2,806	8,021	3,613	-7,810	18,794	4,430	3,355	6,392	5,484	7,121
Cash flows from investing activities:
Purchases of investment securities available for sale
10,958	17,697	15,110	14,010	7,395	14,474	2,871	17,347	0	3,522	3,354	67	3,071	65	5,956	6,592	94	5,641	3,094	3,126	7,359	7,412	12,369	2,504	10,566	8,960	30,015	36,508	22,646	32,687	30,144	13,036	12,437	50,232	77,660	40,983	39,988
Proceeds from sales, calls and maturities of investment securities available for sale
2,343	3,861	12,993	8,304	15,403	24,038	819	15,754	7,630	3,627	2,250	1,455	2,830	1,154	125	2,734	40	-12,509	15,734	1,745	505	6,885	10,848	8,677	9,738	10,931	17,635	17,250	17,781	15,102	16,482	18,003	13,638	14,228	15,064	14,868	9,881
Proceeds from paydowns of investment securities available for sale
5,138	3,073	5,062	3,483	2,871	2,905	4,132	3,360	5,159	3,239	5,281	3,530	5,152	4,729	5,997	4,819	5,130	18,482	-7,733	6,111	5,872	0	19,525	0	677	0	0	11,682	5,781	14	12,274	14,351	20,437	38,686	37,023	4,829	30,440
Purchases of other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-17	17	215
Proceeds from paydowns on other investments
44	-	66	33	33	-	44	29	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of FHLB stock
3,031	-	2,975	0	1	-	0	0	4	-	0	1	44	-	-	0	0	-	0	-1	6	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	493	-	-	-	-
Net change in FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	1,254	0	0	2	276	0	0	125	675	0	0	284	225	0	0	384	0	135	471	0	-	-	-	-
Net change in loans
30,779	4,359	12,643	9,907	19,596	17,594	5,456	15,898	6,146	12,821	2,504	9,322	12,101	11,477	11,127	9,258	4,254	5,343	18,736	7,761	11,601	2,479	18,235	16,478	-500	4,689	9,166	608	-8,326	-2,260	-14,248	-12,862	-8,800	-1,902	-11,968	-15,234	-9,457
Purchases of premises and equipment
391	35	973	1,485	342	435	409	464	434	747	830	1,333	2,647	353	813	373	71	805	943	309	297	193	1,555	745	627	859	-91	478	1,188	260	231	160	266	826	-439	874	340
Proceeds from sale of other real estate and repossessions
-	-	-	-	-	0	104	4	124	1	43	0	0	31	197	69	786	2,114	1,592	1,298	1,283	226	1,676	1,072	482	974	1,204	1,335	2,284	823	1,205	2,513	893	699	977	-793	2,472
Net cash used in investing activities
-37,634	-12,698	-12,874	-13,582	-9,027	-4,106	-3,637	-17,173	6,329	-9,373	886	-5,738	-9,881	-4,982	-11,577	-8,601	1,539	-3,427	-13,180	-2,041	-11,478	-2,298	-110	-9,978	488	-2,378	-20,251	-7,327	10,722	-14,748	13,969	35,004	30,572	4,550	-16,393	-7,583	11,707
Cash flows from financing activities:
Net change in deposits
17,441	4,949	57,341	-3,887	30,901	-16,246	-21,553	7,388	672	5,313	9,154	-15,929	15,496	30,971	20,547	-11,717	20,942	25,614	-2,240	-21,159	15,260	-2,095	5,316	944	11,174	1,070	9,858	4,601	2,307	13,055	-12,076	-27,253	-19,312	-13,930	10,631	-8,570	268
Net change in demand notes payable to U.S. Treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,096	-156	409	-757
Net change in securities sold under agreement to repurchase
4,314	2,294	-25,806	6,502	-16,864	2,329	9,196	8,313	500	-15,550	3,330	7,814	5,729	-14,486	8,205	6,659	8,182	-19,366	-1,045	9,583	-9,728	1,410	256	3,445	-2,077	-2,778	2,203	8,583	2,810	-8,558	-7,374	7,031	3,879	-8,101	3,189	6,066	4,352
Proceeds from FHLB borrowings
70,000	0	95,500	6,700	82,300	0	0	0	0	1	0	0	0	14,985	-17,970	0	8,985	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,400	35,000	0	0	5,000
Repayments of FHLB borrowings
0	70,000	25,500	6,700	82,300	0	0	0	0	20,001	0	0	0	38,485	-17,980	0	8,995	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,400	35,000	0	0	5,000
Proceeds from Fed Funds Purchased
6,935	177	25,625	49,385	25,065	3,427	0	0	850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Fed Funds Purchased
6,935	177	25,625	49,385	25,065	3,427	0	0	850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Junior Subordinated Debentures
155	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock units exercised
57	-	-	-	207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock payout
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	0	9
Common stock repurchased
-2,999	0	-577	-1,761	-152	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid on Series A preferred stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264	157	156	157	157	156	397	313	313	314	313	313
Cash dividends paid on common stock
1,779	831	831	832	1,445	783	783	784	783	656	657	658	658	550	549	560	447	447	448	337	342	340	228	227	227	169	171	169	168	393	111	111	388	110	111	111	111
Net cash provided by financing activities
86,879	-68,588	100,127	-185	12,647	-14,700	-13,140	14,917	389	-30,899	11,827	-8,773	20,567	-7,566	26,230	-5,618	28,667	-1,040	-3,969	-13,253	5,190	-3,583	5,344	-8,325	8,870	-7,141	11,733	12,859	4,792	4,074	-19,732	-32,425	-16,134	-23,542	13,239	-2,519	3,448
Net change in cash and cash equivalents
51,132	-77,166	90,731	-12,392	7,844	-13,671	-12,514	1,721	10,530	-35,952	18,201	-12,395	17,356	-12,750	18,170	-11,708	36,619	-4,862	-11,054	-11,834	-1,585	-16,425	10,455	-3,844	2,139	-4,177	234	8,338	23,535	-7,061	-13,573	21,373	18,868	-15,637	3,238	-4,618	22,276
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
994	1,240	981	792	737	597	558	513	460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	297	-	817	799	809	-	877	843	904	1,098	1,073	950	1,267	1,273	1,290	1,376	1,513	1,213	1,872	2,028	2,709	2,287	2,689	2,848	3,076
Income taxes
0	743	847	1,616	0	258	653	252	0	1,536	832	40	0	-1,152	329	2,454	397	764	765	749	0	302	810	827	0	319	825	1,011	101	823	205	445	540	151	20	112	0
Noncash investing and financing activities:
Change in unrealized gain on investment securities available for sale, net
2,090	-698	543	2,123	690	1,245	-1,131	-708	-2,013	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized gain on investment securities available for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-604	-	1,061	-1,619	-890	-557	-712	2,075	-863	-1,064	-945	-2,275	-2,341	377	1,272	4,233	902	-122	-863	-1,973	422	-1,283	1,449	3,289	-368
Issuance of accrued restricted stock units
57	-	0	0	207	-	0	0	0	-	-63	-294	-558	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of lease right-of-use asset and lease liability recorded upon adoption of ASU 2016-02
0	-	-	-	4,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized gain on derivative financial instruments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	0	-161	-234
Transfer of loans to other real estate and repossessions
-	-	-	-	-	27	0	35	62	118	0	0	0	288	4	216	55	551	451	1,220	2,603	641	486	1,042	2,246	200	150	1,361	642	1,654	1,962	1,072	1,635	3,746	990	3,060	2,991
Initial recognition of lease right-of-use asset and lease liability
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financed portion of sale of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183	485	16	24	746	27	-19	322	1,161	825	2,735	487
Accretion of Series A preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	35	35	35	36	35	35