Provident bancorp, inc. (PVBC)
CashFlow / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities:
Net income

9,662

9,521

9,325

8,231

8,924

8,135

7,915

7,902

6,892

6,654

6,339

6,062

4,431

4,298

3,823

3,386

4,507

4,651

4,562

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of securities premiums, net of accretion

-224

-256

-274

-337

-489

-615

-740

-840

-834

-840

-849

-827

-835

-845

-860

-897

-1,808

-1,355

-919

0

0

0

ESOP expense

597

599

613

606

566

547

511

470

439

396

359

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of securities, net

0

0

-

-

-

-

5,912

2,606

1,193

1,152

690

475

252

256

317

321

954

605

428

0

0

0

Change in deferred loan fees, net

-705

-690

-378

-137

-382

-320

-418

-508

-143

-98

-50

-11

-18

-31

6

49

118

37

36

0

0

0

Provision for loan losses

4,851

4,135

3,329

3,177

2,768

3,022

2,929

2,686

1,837

1,155

703

644

655

638

805

1,176

1,189

1,341

1,452

0

0

0

Depreciation and amortization

1,119

940

721

735

761

788

811

830

833

833

832

792

770

739

713

738

731

749

767

0

0

0

Increase in accrued interest receivable

732

901

293

-51

-38

-63

25

617

349

113

69

17

81

155

195

86

202

100

99

0

0

0

Increase in taxes receivable

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

(Increase) decrease in taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-146

299

-823

-1,491

-791

0

0

0

Deferred tax benefit

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

958

953

928

930

946

935

926

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

693

692

686

693

689

666

645

610

589

586

602

623

572

522

452

390

760

581

380

0

0

0

Principal repayments of operating lease obligations

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

990

2,001

2,787

882

1,532

1,942

1,036

0

0

0

-

-

-

1,524

439

701

1,480

1,061

1,354

0

0

0

(Decrease) increase in other liabilities

3,228

-111

-613

-1,201

-2,012

888

539

567

887

632

163

-1,286

-769

-499

230

502

1,766

986

361

0

0

0

Net cash provided by operating activities

12,875

16,062

16,754

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

8,462

8,608

9,467

8,911

8,712

6,819

6,409

6,613

6,850

7,648

0

0

0

Purchases of available-for-sale securities

0

0

-

-

-

-

13,121

0

0

0

-

-

-

-

17,841

12,287

11,743

11,868

12,028

0

0

0

Proceeds from sales of available-for-sale securities

0

0

-

-

-

-

57,259

12,289

4,507

4,817

3,286

2,912

902

552

739

11,399

10,897

12,306

12,353

0

0

0

Proceeds from pay downs, maturities and calls of available-for-sale securities

7,832

8,344

8,632

9,618

11,142

12,039

14,026

15,223

16,950

17,245

15,379

13,929

11,203

10,711

10,913

11,719

12,390

13,160

13,948

0

0

0

Proceeds from pay downs, maturities and calls of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

220

0

0

0

-

-

-

-

2,045

0

0

0

Purchase of Federal Home Loan Bank stock, net of redemptions

1,680

1,349

796

-1,812

-852

-1,728

-933

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of Federal Home Loan Bank Stock

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Loan originations and purchases, net of paydowns

123,553

107,188

100,073

38,069

71,170

112,350

121,060

162,341

124,165

96,650

70,249

0

0

0

-

-

-

-

10,571

0

0

0

Proceeds from sales of foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Additions to premises and equipment

5,803

4,291

2,399

1,095

430

402

3,426

3,579

3,474

3,273

873

2,274

2,381

2,481

1,819

328

540

572

576

0

0

0

Additions to assets held-for-sale

-

-

147

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,582

0

0

0

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Recoveries of loans previously charged off

-

-

-

-

-

-

-

-

-

-

-

43

50

49

37

29

23

36

59

0

0

0

Additions to other real estate owned

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-123,399

-104,744

-94,835

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-100,535

-61,549

-72,379

-90,311

-75,714

-74,963

-38,406

-20,322

-25,210

-39,903

0

0

0

Net (decrease) increase in demand deposits, NOW and savings accounts

477

30,123

22,841

67,316

90,841

81,011

110,748

79,482

72,909

67,782

84,063

71,787

52,588

63,683

40,512

35,091

39,950

27,125

27,542

0

0

0

Net increase (decrease) increase in time deposits

48,656

25,449

-4,802

-41,119

-37,922

-41,903

11,327

35,460

21,112

16,446

-33,316

-19,305

-16,787

-5,267

39

-10,289

-3,140

-220

838

0

0

0

Proceeds from advances from the Federal Home Loan Bank

-

-

-

-

-

-

7,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in short-term borrowings

42,082

24,731

31,181

-58,463

-30,194

12,341

-30,017

36,019

20,240

-8,953

-12,953

12,546

9,810

-12,202

18,186

-15,225

-25,000

-3,000

1,600

0

0

0

Purchase of treasury stock

-

-

-

-

-

-

594

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

91,000

90,088

59,005

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

167

172

213

172

172

0

0

0

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

87,441

43,182

59,345

44,519

66,571

79,050

47,030

44,587

20,382

26,457

0

0

0

Net (decrease) increase in cash and cash equivalents

-19,524

1,406

-19,076

8,411

35,869

10,973

36,984

-5,213

-4,992

-4,632

-9,759

-3,567

-36,881

-431

10,906

15,033

30,878

2,022

-5,798

0

0

0

Supplemental disclosures:
Interest paid

7,124

6,223

5,326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

2,878

2,777

2,599

2,450

2,291

2,162

2,305

2,277

2,382

2,339

0

0

0

Income taxes paid

0

0

-

-

-

-

6,667

3,935

3,530

3,096

3,078

2,945

2,687

2,263

2,183

2,253

2,187

1,543

1,555

0

0

0

Recognition of right-of-use assets in premises and equipment (1)

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease liabilities

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of accrued rent from other liabilities to premises and equipment (1)

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held-for-sale transferred to premises and equipment

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-