PEOPLES FINANCIAL SERVICES CORP. PFIS Cash Flow

Peoples financial services corp. (PFIS)

CashFlow / TTM

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
24,605	25,736	27,096	26,665	25,478	24,920	21,176	19,809	19,511	18,457	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17,561	-	18,268	19,095	17,995	17,649	11,135	8,385	7,898	5,721	0	0	0	8,744	8,363	8,438	7,817	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment
3,222	3,083	2,486	2,420	2,391	2,333	2,277	2,206	2,037	1,950	1,854	1,757	1,720	1,661	1,625	1,599	1,599	1,595	1,527	1,508	1,485	1,671	1,635	1,462	1,292	924	0	0	0	838	820	848	837	0	0	0
Amortization of right-of-use lease asset
410	398	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan costs
18	164	363	113	-184	-525	-974	-962	-930	-907	-873	-851	-828	-786	-738	-681	-640	-603	-558	-495	-399	-289	0	0	0	-	-	-	-	-264	-245	-232	-222	0	0	0
Amortization of intangibles
692	730	768	805	843	881	919	958	996	1,034	1,072	1,110	1,149	1,186	1,198	1,197	1,195	1,195	1,220	1,258	1,296	1,334	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Amortization of low income housing partnerships
477	476	473	470	468	465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of purchase accounting adjustments on tangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Amortization of low income housing partnerships
-	-	-	-	-	-	-	-	-	-	471	468	469	477	509	545	609	635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	214	280	344	366	0	0	0
Provision for loan losses
8,550	6,100	3,150	3,500	4,200	4,200	4,350	4,500	4,650	4,800	5,000	5,000	5,000	5,000	4,900	4,600	4,150	3,700	3,200	2,966	3,417	3,524	3,760	3,619	2,918	2,361	0	0	0	1,665	1,604	2,018	1,794	0	0	0
Net unrealized gain (loss) on equity investment securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized loss on equity investment securities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain (loss) on sale of other real estate owned
3	-9	-16	20	2	21	-22	-13	21	11	-112	-141	-147	-137	25	31	113	132	142	139	78	70	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-63	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
16,697	15,901	15,208	13,110	12,087	13,194	14,040	16,557	18,503	21,036	26,203	26,410	26,581	26,708	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loans originated for sale
16,498	15,753	14,011	12,389	12,199	12,650	14,540	16,703	19,144	21,149	26,527	27,005	26,933	27,593	25,914	25,557	29,091	29,604	24,921	21,923	14,098	10,295	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of loans originated for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of loans originated for sale
-	-	-	-	-	-	0	0	197	-	424	595	718	885	821	802	854	872	705	1,456	876	648	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Loss on disposal of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net amortization of investment securities
-1,475	-1,668	-1,767	-1,904	-2,057	-2,206	-2,352	-2,492	-2,628	-2,764	-2,939	-3,107	-3,353	-3,635	-3,933	-4,221	-4,297	-4,278	-4,233	-4,230	-4,271	-4,292	-3,646	-2,627	-1,658	-737	0	0	0	-1,843	-1,521	-1,137	-761	0	0	0
Net gain on sale of investment securities available-for-sale
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	833	980	599	1,189	0	0	0	-	-	-	-	163	0	0	0	371	396	299	25	0	0	0
Bank owned life insurance income
756	755	756	757	756	757	760	763	767	769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-
Life insurance investment income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-841	0	0	0	-	-	-	-	-1,143	0	0	0	-	-	-	-	-	-	-
Stock based compensation
476	554	481	407	318	272	243	212	197	177	140	106	70	71	70	69	69	69	0	0	0	-	-	-	-	25	0	0	0	-	-	-	-	-	-	-
Other-than-temporary impairment of investment equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income from investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	386	380	388	378	0	0	0
Net change in:
Loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,350	2,150	3,112	539	0	0	0
Accrued interest receivable
72	-134	90	501	729	179	657	596	878	708	599	254	149	432	-18	445	533	216	-54	-69	-444	-286	-885	-1,053	-1,103	-621	0	0	0	151	-369	452	445	0	0	0
Other assets
9,565	3,363	4,333	2,111	3,537	-816	-4,319	-2,972	-3,120	-2,023	-1,392	-891	-1,376	-1,373	1,516	-1,702	1,355	213	1,901	3,665	2,339	4,860	484	2,017	-867	-4,086	0	0	0	2,705	5,327	2,367	1,597	0	0	0
Accrued interest payable
458	82	716	520	360	698	264	107	61	35	47	-22	-49	-98	-62	10	46	-14	-101	-137	-150	-149	-378	-359	-407	-466	0	0	0	-19	-59	-154	-27	0	0	0
Other liabilities
9,858	2,389	6,229	2,200	514	-1,736	-7,449	-2,615	-1,830	-1,817	866	-1,782	-1,758	-2,470	336	-146	-772	-820	-1,299	-3,245	-617	2,074	1,324	3,513	2,100	1,048	0	0	0	993	3,512	2,635	1,540	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,451	-	28,283	23,625	24,430	24,199	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
40,241	37,079	35,549	33,667	30,531	32,626	30,233	32,099	30,942	28,593	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,842	8,229	7,124	8,647	0	0	0
Cash flows from investing activities:
Proceeds from sales of investment securities available-for-sale
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	27,408	43,533	58,410	41,273	81,983	65,858	61,386	66,310	15,389	4,664	403	2,106	4,573	0	0	0	8,275	12,071	11,115	22,497	0	0	0
Proceeds from repayments of investment securities:
Available-for-sale
60,712	57,477	52,796	40,299	37,461	31,093	35,398	49,651	54,434	55,800	55,340	51,709	51,960	53,128	58,936	53,078	58,936	58,318	56,786	57,157	44,350	47,149	52,525	40,112	35,613	24,221	0	0	0	-	-	-	-	-	-	-
Held-to-maturity
636	697	735	800	852	898	996	1,070	1,133	1,222	1,276	1,368	1,474	1,561	2,215	2,334	2,456	2,520	2,113	2,240	2,383	2,576	2,757	3,732	4,598	5,405	0	0	0	-	-	-	-	-	-	-
Purchases of investment securities:
Available-for-sale
120,560	124,501	50,656	32,233	35,789	32,709	60,940	77,140	68,413	73,471	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchase of restricted equity securities
2,257	2,739	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from repayments on investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,564	9,982	5,942	3,459	0	0	0
Available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,402	74,174	129,177	90,237	102,304	104,112	43,520	28,298	15,262	0	0	0	-	-	0	-	-	-	-
Held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-6,299	6,873	0	0	0	-	-	-	-	-	-	-
Net purchase of restricted equity securities
-	-	-	-	-	-	-	-	3,450	-	-570	876	580	1,648	3,567	3,521	4,069	1,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in lending activities
179,431	119,998	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in lending activities
-	-	-	-	-	-	-	-	-169,617	-	-113,246	-135,505	-153,436	-195,408	-254,472	-236,103	-174,778	-133,146	-94,811	-55,344	-62,887	-35,996	-20,086	-33,815	-51,491	-50,746	0	0	0	-	-	-	-	-	-	-
Investment in low income housing partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	2,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,408	33,443	51,356	52,693	0	0	0
Purchases of premises and equipment
5,168	5,603	6,386	5,539	4,639	4,069	2,712	3,802	4,581	6,247	6,178	8,139	7,276	6,764	7,672	4,658	4,969	4,420	2,862	2,340	2,048	1,073	0	0	0	-	-	-	-	1,465	1,453	810	603	0	0	0
Proceeds from the sale of premises and equipment
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0
Proceeds from sale of other real estate owned
342	269	810	1,192	1,282	1,281	675	508	455	580	718	1,010	1,058	933	702	216	229	484	825	892	895	750	410	438	854	761	0	0	0	62	346	2,175	2,254	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-176,136	-	-49,965	-65,989	-40,605	-74,435	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-209,570	-184,721	-92,272	-86,260	-124,304	-134,806	-178,746	-195,706	-187,739	-184,563	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-57,720	-46,739	-71,049	-64,937	0	0	0
Cash flows from financing activities:
Net increase (decrease) in deposits
141,765	96,467	173,421	157,938	148,212	156,004	140,009	79,428	104,474	130,261	122,045	142,570	139,936	132,947	121,160	72,096	59,131	30,252	18,204	1,394	12,115	46,051	69,536	61,629	34,415	28,949	0	0	0	68,252	67,542	48,560	55,549	0	0	0
Repayment of long-term debt
21,196	21,173	11,952	11,931	11,819	11,828	1,738	8,249	8,350	8,400	8,486	2,072	2,166	2,220	2,315	2,431	2,551	2,786	3,061	3,289	3,521	3,603	3,422	3,193	2,946	11,166	0	0	0	8,287	3,329	8,369	8,409	0	0	0
Net increase in short-term borrowings
55,150	65,650	-99,450	-104,750	-33,500	-37,175	27,550	95,950	65,025	40,975	-3,400	5,200	17,125	44,375	45,050	60,440	60,350	18,768	23,736	11,772	-22,539	-2,495	-21,367	-11,837	-3,209	-3,704	0	0	0	-	-	-	-	-	-	-
Retirement of common stock
0	-	-	-	-	-	-	-	-	-	-	-	-	604	0	0	0	-	-	-	-	109	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	0	0	0	-	-	-	-
Cash dividends paid
10,277	10,131	9,987	9,915	9,843	9,693	9,619	9,544	9,392	9,319	9,243	9,169	9,168	9,170	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Reissuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Cash dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,511	0	0	0	2,626	2,563	2,549	2,523	0	0	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132,052	-	28,456	513	-23,406	30,352	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
178,604	146,179	67,411	47,176	93,050	97,308	156,202	157,585	151,757	153,517	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	31,717	37,799	47,001	49,008	0	0	0
Net increase (decrease) in cash and cash equivalents
9,275	-1,463	10,688	-5,417	-723	-4,872	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	0	7,817	-	-9,071	-5,480	-15,633	1,491	6,774	-41,851	-39,581	-19,884	5,889	40,648	25,946	3,466	0	0	0	-15,161	-711	-16,924	-7,282	0	0	0
Supplemental disclosures:
Cash paid during the period for:
Interest
17,187	17,786	12,326	15,988	14,659	12,624	11,565	10,431	9,488	8,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,070	-	6,723	6,348	6,330	6,791	6,657	5,948	5,540	4,635	0	0	0	-6,104	-5,919	-5,643	-5,666	0	0	0
Income taxes
-	4,550	3,400	2,800	1,950	2,650	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	5,000	3,750	2,550	2,600	2,700	0	0	0	-3,450	-2,975	-2,225	-2,575	0	0	0
Noncash items:
Transfers of loans to other real estate
962	421	1,062	1,109	1,022	1,432	604	676	905	460	475	275	283	757	1,260	1,383	1,322	869	422	582	463	593	0	0	0	-	-	-	-	0	0	0	-	-	-	-
Retirement of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Core deposit and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Fair value of assets acquired, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Fair value of liabilities assumed, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-