PATRIOT NATIONAL BANCORP INC PNBK Cash Flow

Patriot national bancorp inc (PNBK)

CashFlow / TTM

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)
-2,817	-979	-237	2,454	3,196	3,470	3,714	3,482	4,147	4,592	4,393	3,007	1,930	1,417	1,235	2,507	2,143	-785	15,843	15,679	15,709	19,055	-576	-5,013	-7,289	-9,683	-7,295	-3,038	-536	1,351	1,589	-5,931	-15,459	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Restructuring charges and asset disposals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-64	0	0	0	-	-	-	-
Amortization of investment premiums, net
-7	39	32	9	-15	-54	-58	-64	-86	-100	-149	-134	-131	-130	-116	-162	-188	-207	-217	-230	-238	-234	-228	-215	-187	-143	-184	-234	-311	-481	-506	-468	-409	0	0	0
Amortization and accretion of purchase loan premiums and discounts
-997	-716	-634	-521	-523	-683	-742	-699	-650	-577	-471	-318	-219	-146	-68	-119	-218	709	765	774	883	-53	-76	-40	-20	-3	-2	-11	-11	13	13	11	11	0	0	0
Amortization of debt issuance costs
112	112	112	104	97	89	82	83	82	66	47	27	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposit intangible
75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	0	0	0
Provision (credit) for loan losses
4,971	4,220	4,170	1,283	1,303	372	867	1,077	-857	-794	-984	715	2,464	2,314	1,959	0	250	0	0	0	-	-	-	-	970	1,149	149	-1,563	-2,379	0	0	0	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Loss on sales of available-for-sale securities
-	-	-	-	-	-	-	-	6	0	0	-78	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	911	0	0	0	-	-	-	-
Gain on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	420	0	0	0	-	-	-	-
Gain on sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Originations of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,647	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,429	0	0	0	-	-	-	-	-	-	-	-
Earnings on cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	439	478	491	517	523	530	523	501	517	529	577	610	636	0	0	0
Depreciation and amortization
-	-	0	1,525	-	-	0	1,347	-	1,215	1,183	1,182	1,209	1,183	1,156	1,092	1,039	1,026	1,011	1,038	1,085	1,181	1,200	1,219	1,215	1,170	1,197	1,204	1,216	1,212	1,194	1,225	1,272	0	0	0
Impairment write-down on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165	0	0	0
Share-based compensation
214	219	216	215	220	204	185	156	146	140	-79	50	161	247	542	501	461	412	372	330	275	263	246	183	131	140	187	233	306	0	0	0	-	-	-	-
(Increase) decrease in deferred income taxes
-1,136	-686	-129	1,087	-265	148	422	525	2,258	2,624	2,567	1,602	1,111	546	347	1,269	1,083	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	171	183	183	185	465	453	453	193	0	0	0
(Increase) decrease in net deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
(Increase) in net deferred loan costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	421	537	306	472	0	0	0
Decrease (increase) in accrued interest and dividends receivable
-163	-74	372	116	270	111	98	442	770	1,193	1,088	988	716	201	86	101	92	458	479	396	352	-588	-523	-308	-328	258	-211	-356	-559	-341	-40	-82	-59	0	0	0
Increase in other assets
1,180	3,615	3,225	1,945	981	-857	-1,053	-233	2	235	497	386	657	508	282	254	-18	-29	-91	-407	-481	-2,417	-1,878	-637	-737	-274	1,526	-508	160	2,448	-130	-5,307	-6,276	0	0	0
Change in contingent consideration
-	-	0	-842	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued expenses and other liabilities
-	-	-	-	-	-	-	-	278	0	0	-1,714	-	-363	-58	321	225	959	1,059	-1,215	-1,353	-1,768	-2,249	-412	-1,637	-1,025	-366	-256	858	1,061	-174	44	344	0	0	0
Net cash (used) provided by operating activities
-11,915	-1,565	-2,116	4,032	5,272	8,087	9,938	8,452	7,290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19,001	-4,097	-609	-976	0	0	0
Cash Flows from Investing Activities:
Proceeds from sales on available-for-sale securities
-	-	-	-	-	-	-	-	-	0	0	16,870	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Principal repayments on available-for-sale securities
-	-	-	2,417	-	-	-	2,017	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,344	-13,092	-12,744	-12,029	0	0	0
Purchases of available-for-sale securities
18,072	0	0	0	-	-	-	-	20,576	22,576	18,567	14,500	3,000	0	0	0	-	-	-	0	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,619	-	26,650	25,892	23,308	22,485	2,285	11,075	4,092	-4,695	0	0	0	-	-	-	-	-	-	-	-
Purchases of Federal Reserve Bank stock
31	56	358	366	364	373	140	168	393	385	301	259	34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of Federal Home Loan Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions (purchases) of Federal Home Loan Bank stock
-451	0	0	0	-	-	-	-	280	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-201	-165	0	0	0	-	-	-	-
Increase in originated loans receivable, net
-	-	0	-6,859	-	-	0	94,683	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of Federal Reserve Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,174	0	0	0
Proceeds from repurchase of excess stock by Federal Reserve Bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	483	659	0	0	0
Decrease in originated loans receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,738	83,007	67,126	75,775	55,089	0	0	0
Decrease (increase) in net originations of loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,250	-	5,079	58,665	51,776	26,058	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of loans receivable
54,604	0	0	0	-	-	-	-	73,022	106,051	125,027	124,894	52,005	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capital improvements of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	0	0	0	-	-	-	-
Purchases of premises and equipment
552	438	492	521	1,142	1,409	1,825	2,735	3,060	4,060	4,664	3,817	3,529	0	0	0	-	-	-	9,228	8,381	10,050	9,310	8,138	8,279	2,749	3,071	729	616	0	0	0	-	0	0	0
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	264	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	123,281	98,638	80,812	34,363	0	0	0
Purchase of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,068	2,533	2,833	2,833	3,347	5,987	5,686	5,686	19,579	0	0	0
Escrow deposit for pending acquisition
-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	12,106	-	-40,212	-91,751	-86,245	-59,922	-38,023	37,979	34,618	35,626	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-41,777	-51,133	-77,300	-29,798	-26,882	-13,857	-28,935	-97,419	-140,850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,123	4,845	-20,772	11,523	0	0	0
Cash Flows from Financing Activities:
Increase in deposits, net
26,254	42,524	55,254	51,339	59,658	67,934	104,089	94,339	108,115	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,685	-527	-14,686	-17,785	0	0	0
Increase (decrease) in deposits, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31,470	-	26,145	30,941	29,138	12,829	-20,008	-34,108	-41,934	-52,541	-31,518	-39,204	-59,495	-47,627	-28,455	-1,881	-27,006	-84,113	0	0	0
Repayments of FHLB borrowings, net
-	-	-	0	-	-	-	-	-18,000	0	0	0	-	-	-	0	-	-	-	-	63,000	90,000	37,000	30,000	7,000	0	0	0	-	-	-	0	-	-	-	-
Principal repayments of note payable
195	194	193	193	192	191	191	190	189	188	186	186	185	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in advances from borrowers for taxes and insurance
755	523	363	18	97	-140	-235	149	153	321	660	-612	309	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-16,677	-	15,310	59,023	69,138	75,829	69,992	-14,211	-40,717	-67,079	0	0	0	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on common stock
155	154	154	155	154	154	154	115	77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
26,659	53,979	45,403	20,918	39,318	26,078	93,283	90,181	90,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,769	-2,409	-31,692	-101,899	0	0	0
Net (decrease) increase in cash and cash equivalents
-27,033	1,281	-34,013	-4,848	17,708	20,308	74,286	1,214	-43,560	0	0	0	-	-	-	-	-	-	0	0	-	34,254	34,843	-2,007	-36,148	-21,204	-37,801	-42,209	15,589	1,352	-1,661	-53,074	-91,352	0	0	0
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
17,740	16,750	15,802	13,352	11,246	9,449	7,655	7,125	6,424	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,369	-	2,328	2,370	4,108	4,191	4,372	4,805	3,814	4,706	5,552	6,185	6,737	7,127	7,459	7,664	7,884	8,290	0	0	0
Cash paid for income taxes
22	22	22	1,136	1,243	1,283	1,383	640	515	582	735	360	360	253	0	0	3	0	0	0	-	-	-	-	3	0	0	0	-	-	-	2	10	0	0	0
Non-cash transactions:
Receivable recorded for securities sold, not settled
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of premises and equipment
181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued expense and other liabilities
181	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain (loss) on available for sale securities arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Recognition of operating lease right-of-use assets
3,160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of operating lease liabilities
3,264	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination Non-Cash Disclosures:
Contingent liability assumed in business combination
621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain on available for sale securities arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Transfer of loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Transfer of other real estate owned to premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Reduction in deposits held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Reduction in branch assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-