PEOPLES FINANCIAL SERVICES CORP. PFIS Cash Flow

Peoples financial services corp. (PFIS)

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	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
5,281	5,032	7,148	7,144	6,412	6,392	6,717	5,957	5,854	2,648	5,350	5,659	4,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,855	4,882	-	4,409	4,431	5,044	4,384	5,236	3,331	4,698	-2,130	2,486	2,844	2,521	2,240	2,284	2,420	1,800	1,859	2,359	1,799
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment
735	1,202	654	631	596	605	588	602	538	549	517	433	451	453	420	396	392	417	394	396	388	349	375	373	574	313	202	203	206	224	205	202	207	206	233	191
Amortization of right-of-use lease asset
104	105	106	95	92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan costs
-39	5	3	49	107	204	-247	-248	-234	-245	-235	-216	-211	-211	-213	-193	-169	-163	-156	-152	-132	-118	-93	-56	-22	-	-	-	-	-72	-72	-59	-61	-53	-59	-49
Amortization of intangibles
154	173	183	182	192	211	220	220	230	249	259	258	268	287	297	297	305	299	296	295	305	324	334	333	343	-	-	-	-	-	-	-	-	-	-	-
Amortization of low income housing partnerships
120	119	119	119	119	116	116	117	116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of purchase accounting adjustments on tangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	-	-	-	292	-	718	1,101	864	-	-	-	-	-	-	-	-	-	-	-
Amortization of low income housing partnerships
-	-	-	-	-	-	-	-	-	-	117	118	117	119	114	119	125	151	150	183	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	26	27	70	91	92	91	92
Provision for loan losses
3,500	4,000	700	350	1,050	1,050	1,050	1,050	1,050	1,200	1,200	1,200	1,200	1,400	1,200	1,200	1,200	1,300	900	750	750	800	666	1,201	857	1,036	525	500	300	330	390	645	300	269	804	421
Net unrealized gain (loss) on equity investment securities
-123	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized loss on equity investment securities
-	-	-	-	-	-	-	-	-8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on sale of other real estate owned
4	11	0	-12	-8	4	36	-30	11	-39	45	4	1	-162	16	-2	11	0	22	80	30	10	19	19	22	-	-	-	-	-	-	-	-	-	-	-
Net loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-63	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
2,297	3,956	6,097	4,347	1,501	3,263	3,999	3,324	2,608	4,109	6,516	5,270	5,141	9,276	6,723	5,441	5,268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,585	-8,779	-5,300	-	-2,480	-2,697	-2,169	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans originated for sale
3,023	4,379	5,561	3,535	2,278	2,637	3,939	3,345	2,729	4,527	6,102	5,786	4,734	9,905	6,580	5,714	5,394	8,226	6,223	9,248	5,907	3,543	3,225	1,423	2,104	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of loans originated for sale
10	-	-	-	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of loans originated for sale
-	-	-	-	-	-	38	21	15	-	46	72	37	269	217	195	204	205	198	247	222	38	949	-333	-6	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-
Loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1
Net amortization of investment securities
-281	-389	-384	-421	-474	-488	-521	-574	-623	-634	-661	-710	-759	-809	-829	-956	-1,041	-1,107	-1,117	-1,032	-1,022	-1,062	-1,114	-1,073	-1,043	-416	-95	-104	-122	-520	-476	-472	-375	-198	-92	-96
Net gain on sale of investment securities available-for-sale
267	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	381	242	210	147	0	832	-	-	-	-	5	33	24	101	0	99	284	-12	25	2	10
Bank owned life insurance income
187	188	189	192	186	189	190	191	187	192	193	195	189	-	-	-	-	-	-	-	-	-	-	-	189	-	-	-	119	-	-	-	-	-	-	-
Life insurance investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	202	193	-	192	188	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
619	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-960	0	261	-142	-	-	-	-	-1,226	22	25	36	-	-	-	-	-	-	-
Stock based compensation
5	157	157	157	83	84	83	68	37	55	52	53	17	18	18	17	18	17	17	17	18	-	-	-	-	-26	18	18	15	-	-	-	-	-	-	-
Other-than-temporary impairment of investment equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84
Net income from investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97	96	91	102	91	104	81
Net change in:
Loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,038	-482	2,155	1,715	-1,238	480	-418
Accrued interest receivable
302	326	-648	92	96	550	-237	320	-454	1,028	-298	602	-624	919	-643	497	-341	469	-180	585	-658	199	-195	210	-500	-400	-363	160	-18	488	-569	24	208	-32	252	17
Other assets
10,038	-1,270	519	278	3,836	-300	-1,703	1,704	-517	-3,803	-356	1,556	580	-3,172	145	1,071	583	-283	-3,073	4,128	-559	1,405	-1,309	2,802	1,962	-2,971	224	-82	-1,257	-2,393	1,425	487	3,186	229	-1,535	-283
Accrued interest payable
59	-184	403	180	-317	450	207	20	21	16	50	-26	-5	28	-19	-53	-54	64	53	-17	-114	-23	17	-30	-113	-252	36	-78	-172	15	4	-40	2	-25	-91	87
Other liabilities
10,014	-2,609	1,976	477	2,545	1,231	-2,053	-1,209	295	-4,482	2,781	-424	308	-1,799	133	-400	-404	1,007	-349	-1,026	-452	528	-2,295	1,602	2,239	-222	-106	189	1,187	-2,542	607	-400	3,328	-23	-270	-1,495
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,633	-	9,562	2,007	7,361	9,353	4,904	2,812	7,130	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
10,952	9,796	11,194	8,299	7,790	8,266	9,312	5,163	9,885	5,873	11,178	4,006	7,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,206	3,731	3,495	395	3,221	1,118	2,390	1,918
Cash flows from investing activities:
Proceeds from sales of investment securities available-for-sale
26,502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17,137	10,271	16,125	14,877	0	50,981	0	10,405	4,924	60	-10,725	6,144	6,627	2,527	383	1,066	3,767	3,059	4,179	110	15,149
Proceeds from repayments of investment securities:
Available-for-sale
17,522	11,687	21,139	10,364	14,287	7,006	8,642	7,526	7,919	11,311	22,895	12,309	9,285	10,851	19,264	12,560	10,453	16,659	13,406	18,418	9,835	15,127	13,777	5,611	12,634	20,503	1,364	1,112	1,242	-	-	-	-	-	-	-
Held-to-maturity
135	150	160	191	196	188	225	243	242	286	299	306	331	340	391	412	418	994	510	534	482	587	637	677	675	768	1,612	1,543	1,482	-	-	-	-	-	-	-
Purchases of investment securities:
Available-for-sale
9,080	73,831	28,519	9,130	13,021	-14	10,096	12,686	9,941	28,217	26,296	3,959	14,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchase of restricted equity securities
482	5,731	-3,363	-593	964	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments on investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,519	4,271	3,019	1,755	937	231	536
Available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,634	9,606	59,388	1,774	3,406	64,609	20,448	13,841	5,214	4,017	5,226	805	-	-	264	-	-	-	-
Held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1	0	-6,298	13,172	-	-	-	-	-	-	-
Net purchase of restricted equity securities
-	-	-	-	-	-	-	-	1,669	-	-1,413	973	-270	140	33	677	798	2,059	-13	1,225	-1,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in lending activities
86,062	61,011	22,607	9,751	26,629	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in lending activities
-	-	-	-	-	-	-	-	-33,730	-	-35,695	-38,276	-27,349	-11,926	-57,954	-56,207	-69,321	-70,990	-39,585	5,118	-27,689	-32,655	-118	-2,425	-798	-16,745	-13,847	-20,101	-53	-	-	-	-	-	-	-
Investment in low income housing partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5	0	2,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,508	-2,034	15,947	17,987	1,543	15,879	17,284
Purchases of premises and equipment
627	1,307	1,755	1,479	1,062	2,090	908	579	492	733	1,998	1,358	2,158	664	3,959	495	1,646	1,572	945	806	1,097	14	423	514	122	-	-	-	-	89	686	521	169	77	43	314
Proceeds from the sale of premises and equipment
-	-	0	-2	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000
Proceeds from sale of other real estate owned
157	158	0	27	84	699	382	117	83	93	215	64	208	231	507	112	83	0	21	125	338	341	88	128	193	1	116	544	100	0	0	62	0	284	1,829	141
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54,090	-	-24,345	-37,224	32,631	-21,027	-40,369	-11,840	-1,199	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-51,935	-129,906	-28,219	490	-27,086	-37,457	-22,207	-37,554	-37,588	-81,397	-39,167	-29,587	-34,412	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,679	-24,090	6,303	-9,884	-30,049	-13,109	-18,007	-3,772
Cash flows from financing activities:
Net increase (decrease) in deposits
38,506	-29,796	124,486	8,569	-6,792	47,158	109,003	-1,157	1,000	31,163	48,422	23,889	26,787	22,947	68,947	21,255	19,798	11,160	19,883	8,290	-9,081	-888	3,073	19,011	24,855	22,597	-4,834	-8,203	19,389	16,301	35,979	7,849	8,123	15,591	16,997	14,838
Repayment of long-term debt
483	19,776	471	466	460	10,555	450	354	469	465	6,961	455	519	551	547	549	573	646	663	669	808	921	891	901	890	740	662	654	9,110	5,200	198	196	2,693	242	5,238	236
Net increase in short-term borrowings
12,000	152,150	-82,700	-26,300	22,500	-12,950	-88,000	44,950	18,825	51,775	-19,600	14,025	-5,225	7,400	-11,000	25,950	22,025	8,075	4,390	25,860	-19,557	13,043	-7,574	-8,451	487	-5,829	1,956	177	-8	-	-	-	-	-	-	-
Retirement of common stock
2,204	-	-	-	-	-	-	-	-	-	-	-	-	0	0	187	417	-	-	-	-	39	0	0	70	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,584	-	-	-	-3,431
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	70	-	-	-	-	0	87	56	-	-	-	-
Cash dividends paid
2,662	2,585	2,514	2,516	2,516	2,441	2,442	2,444	2,366	2,367	2,367	2,292	2,293	2,291	2,293	2,291	2,295	-	2,337	2,338	2,341	-	2,340	2,340	2,341	-	-	-	-	-	-	-	-	-	-	-
Reissuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	-	-	-	32
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,379	1,381	1,375	1,376	687	654	654	631	624	640	628
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,538	-	20,211	31,143	-31,787	8,889	-7,732	7,224	21,971	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
45,157	99,980	38,346	-4,879	12,732	21,212	18,111	40,995	16,990	80,106	19,494	35,167	18,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,895	10,777	2,953	8,568	9,419	16,859	12,155	10,575
Net increase (decrease) in cash and cash equivalents
4,174	-20,130	21,321	3,910	-6,564	-7,979	5,216	8,604	-10,713	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	9,586	-8,126	-	1,837	6,079	-8,919	-8,068	5,428	-4,074	8,205	-2,785	-43,197	-1,804	27,902	22,988	-8,438	-16,506	5,422	-9,582	12,751	-921	-17,409	4,868	-3,462	8,721
Supplemental disclosures:
Cash paid during the period for:
Interest
4,222	8,944	-403	4,424	4,821	3,484	3,259	3,095	2,786	2,425	2,125	2,152	1,961	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,931	-	2,000	1,465	1,649	1,609	1,625	1,447	2,110	1,475	916	1,039	1,205	1,292	1,286	1,323	-10,005	1,477	1,562	1,300
Income taxes
-	1,250	1,100	1,100	1,100	100	500	250	1,800	-	-	-	-	-	-	-	-	-	-	-	-	1,900	1,800	1,300	0	650	600	1,350	100	200	400	450	-4,500	675	1,150	100
Noncash items:
Transfers of loans to other real estate
626	168	81	87	85	809	128	0	495	-19	200	229	50	-4	0	237	524	499	123	176	71	52	283	57	201	-	-	-	-	-126	0	-1,363	-	-	-	-
Retirement of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,300	0	-	-	-	-	-	-	-	-	-	-	-
Loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-104	-	-483	-1,997	580	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-	26	25	25	-	-	-	-	-	-	-	-	-	-	-
Core deposit and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	304	-	334	333	343	-	-	-	-	-	-	-	-	-	-	-
Fair value of assets acquired, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	225	-	-123	-903	212	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	199	-	247	275	296	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	14	14	13	-	-	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	213	-	261	289	309	-	-	-	-	-	-	-	-	-	-	-