PATRIOT NATIONAL BANCORP INC PNBK Cash Flow

Patriot national bancorp inc (PNBK)

CashFlow / Quarterly

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 income (loss)
-1,512	27	-1,655	323	326	769	1,036	1,065	600	1,013	804	1,730	1,045	814	-582	653	532	632	689	289	-2,396	17,261	525	319	950	-2,370	-3,912	-1,957	-1,444	18	345	545	443	255	-7,175	-8,982
Adjustments to reconcile net income to net cash provided by operating activities:
Restructuring charges and asset disposals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103	44	-316	311	-	-	-	-
Amortization of investment premiums, net
-27	-2	11	11	19	-9	-12	-13	-20	-13	-18	-35	-34	-62	-3	-32	-33	-48	-49	-58	-52	-58	-62	-66	-48	-52	-49	-38	-4	-92	-98	-114	-174	-118	-61	-54
Amortization and accretion of purchase loan premiums and discounts
-295	-239	-289	-174	-14	-157	-176	-176	-174	-216	-133	-127	-101	-110	20	-28	-28	-32	-31	-127	899	24	-22	-18	-37	1	14	2	-20	2	4	2	3	2	2	2
Amortization of debt issuance costs
28	28	28	28	28	28	20	21	20	21	21	20	4	2	1	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposit intangible
19	19	19	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	3	3
Provision (credit) for loan losses
1,769	100	2,937	165	1,018	50	50	185	87	545	260	-1,749	150	355	1,959	0	0	0	0	250	-	-	-	-	0	1,000	0	-30	179	0	-1,713	-845	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,482	6,981
Loss on sales of available-for-sale securities
-	-	-	-	-	-	-	-	84	0	0	-78	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	924	0	-8	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125	30	0	263	-	-	-	-
Gain on sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99	119	42	-	-	-	-	-	-	-	-
Originations of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,672	21,821	7,154	-	-	-	-	-	-	-	-
Proceeds from sales of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	368	17,950	16,940	2,171	-	-	-	-	-	-	-	-
Earnings on cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86	116	116	121	125	129	142	127	132	121	120	142	144	170	152	168
Depreciation and amortization
-	-	401	389	-	-	366	350	-	336	318	272	289	304	317	299	263	277	253	246	250	262	280	293	346	281	299	289	301	308	305	300	297	289	337	347
Impairment write-down on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	165
Share-based compensation
52	59	55	48	57	56	54	53	41	37	25	43	35	-182	154	154	121	113	113	114	72	73	71	59	60	56	8	7	69	103	53	79	-	-	-	-
(Increase) decrease in deferred income taxes
-469	-306	-858	497	-19	251	358	-855	394	525	461	878	760	468	-504	387	195	269	418	201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86	0	0	200	-28	12	0	201	252	0	0	-58
(Increase) decrease in net deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-93	-139	-	112	-89	13	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
(Increase) in net deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	-	-48	278	-314	506	66	48	-149
Decrease (increase) in accrued interest and dividends receivable
65	-140	57	-145	154	306	-199	9	-5	293	145	337	418	188	45	65	-97	73	60	56	269	94	-23	12	-671	159	192	-8	-84	-310	46	-210	132	-8	3	-186
Increase in other assets
-599	406	511	862	1,836	16	-769	-102	-2	-180	51	133	231	82	-60	404	82	-144	-88	132	71	-206	-404	58	-1,865	333	837	-42	-1,402	2,133	-1,197	626	885	-444	-6,375	-342
Change in contingent consideration
-	-	204	-479	-	-1,514	-344	574	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued expenses and other liabilities
-	-	-	-	-	-	-	-	1,074	265	-610	-451	-	-271	293	-62	-323	34	672	-158	411	134	-1,602	-296	-4	-347	235	-1,521	607	311	345	-406	811	-924	564	-107
Net cash (used) provided by operating activities
-10,480	1,558	-3,428	435	-130	1,007	2,720	1,675	2,685	2,858	1,234	513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,620	-124	-599	-1,657	-1,717	3,363	-965
Cash Flows from Investing Activities:
Proceeds from sales on available-for-sale securities
-	-	-	-	-	-	-	-	-	-2	4,848	9,000	-	-31	5,031	0	-	-	-	-	-	-	-	-	-	-	-	-	-	40,066	0	5,165	-	-	-	-
Principal repayments on available-for-sale securities
-	-	-	613	-	-	-	463	-	395	437	807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,592	-2,348	-2,690	-4,713	-3,339	-2,000	-1,975
Purchases of available-for-sale securities
5,075	7,601	4,000	1,396	-	-	-	-	0	5,009	4,067	11,500	2,000	1,000	0	0	-	-	-	-1,153	-	-	-	-1,213	-	-931	-882	-632	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,625	1,024	-	1,594	2,346	1,078	21,632	836	-238	255	1,432	9,626	-7,221	-8,532	-	-	-	-	-	-	-	-
Purchases of Federal Reserve Bank stock
8	-33	30	26	33	269	38	24	42	36	66	249	34	-48	24	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of Federal Home Loan Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions (purchases) of Federal Home Loan Bank stock
0	-36	0	-415	-	-	-	-	-464	520	344	-120	-	-	-	-	-	-	38	-38	-	-	-	-	-	-	-	-201	-0	0	0	-164	-	-	-	-
Increase in originated loans receivable, net
-	-	4,548	3,481	-	-	11,361	5,081	-	31,513	48,374	-26,463	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Federal Reserve Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,174
Proceeds from repurchase of excess stock by Federal Reserve Bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	37	-	-	-	14	0	203	265	190
Decrease in originated loans receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,730	15,880	0	67,126	0	0	8,649	46,440
Decrease (increase) in net originations of loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	837	-	2,385	-5,337	22,698	-14,667	55,971	-12,226	-3,020	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of loans receivable
26,391	2,125	21,284	4,804	-	-	-	-	0	0	133	72,889	33,029	18,976	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-481
Capital improvements of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	22	56	32	-	-	-	-
Purchases of premises and equipment
27	108	408	9	-87	162	437	630	180	578	1,347	955	1,180	1,182	500	667	-	-	-	945	3,956	686	3,641	98	5,625	-54	2,469	239	95	268	127	125	-	239	225	-7
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	264	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,938	-	27,101	15,605	32,361	48,213	2,458	-2,220	-14,087
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,758	0	0	1,310	1,223	300	0	1,823	3,863	0	0	15,715
Escrow deposit for pending acquisition
-	-	-	-	-	-	-	500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,347	-862	-	-6,319	4,441	-22,452	-15,882	-57,858	9,947	3,871	6,017	18,144	6,586	4,879	-	-	-	-	-	-	-	-
Net cash used in investing activities
-9,007	3,982	-28,064	-8,688	-18,363	-22,185	19,438	-5,772	-5,338	-37,263	-49,046	-49,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,416	-13,467	44,467	-23,292	-2,861	-39,085	76,762
Cash Flows from Financing Activities:
Increase in deposits, net
7,479	-5,510	14,745	9,540	23,749	7,220	10,830	17,859	32,025	43,375	1,080	31,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,858	7,245	-	-11,039	12,159	-4,345	7,911	-16,253	-1,998	-7,445
Increase (decrease) in deposits, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,410	-	-10,113	266	14,074	21,918	-5,317	-1,537	-2,235	-10,919	-19,417	-9,363	-12,842	10,103	-27,102	-29,654	-973	29,274	-528	-54,779	-58,080
Repayments of FHLB borrowings, net
-	-	-	-10,000	-	-	-	-	-10,000	10,000	-4,000	-14,000	-	-	-	2,900	-	-	-	-	-12,000	60,000	-8,000	23,000	15,000	7,000	-15,000	0	-	-	-	10,000	-	-	-	-
Principal repayments of note payable
49	49	48	49	48	48	48	48	47	48	47	47	46	46	47	46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in advances from borrowers for taxes and insurance
1,499	-1,057	1,317	-1,004	1,267	-1,217	972	-925	1,030	-1,312	1,356	-921	1,198	-973	84	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,203	-18,556	-	10,970	-19,652	14,074	9,918	54,683	-9,537	20,765	4,081	-29,520	-36,043	-5,597	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,519	-18,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
39	39	38	39	38	39	39	38	38	39	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
8,890	-6,655	25,976	-1,552	36,210	-15,231	1,491	16,848	22,970	51,974	-1,611	16,667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,142	-27,494	4,680	37,186	-16,781	-56,778	-65,525
Net (decrease) increase in cash and cash equivalents
-10,597	-1,115	-5,516	-9,805	17,717	-36,409	23,649	12,751	20,317	17,569	-49,423	-32,023	-	-	-	-	-	-	-12,865	-7,300	-	-2,339	172	24,891	11,530	-1,750	-36,678	-9,250	26,473	-18,346	-41,086	48,548	12,236	-21,360	-92,499	10,271
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
4,744	4,235	4,811	3,950	3,754	3,287	2,361	1,844	1,957	1,493	1,831	1,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	543	630	-	573	558	586	611	615	2,296	669	792	1,048	1,305	1,561	1,638	1,681	1,856	1,950	1,970	1,886	2,076	2,355
Cash paid for income taxes
0	0	4	18	0	0	1,118	125	40	100	375	0	107	253	0	0	0	0	0	3	-	-	-	-	0	0	3	0	-	-	-	0	0	0	2	8
Non-cash transactions:
Receivable recorded for securities sold, not settled
-	-	-	-	-	-	-	-	-	-	-	4,968	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of premises and equipment
57	-63	-93	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued expense and other liabilities
57	-63	-93	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain (loss) on available for sale securities arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-265	-629	55	-	-	-	-	-	-	-	-
Recognition of operating lease right-of-use assets
-107	-75	-55	3,397	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease liabilities
-100	-60	-20	3,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination Non-Cash Disclosures:
Contingent liability assumed in business combination
0	0	0	621	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain on available for sale securities arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	-
Transfer of loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	1,238	-	-	-	-
Transfer of other real estate owned to premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	950	-	-	-	-
Reduction in deposits held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,777	-	-	-	-	-	-	-	-
Reduction in branch assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-