Penns woods bancorp inc (PWOD)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net Income

15,686

14,710

9,773

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

12,475

13,898

14,608

14,084

13,850

12,362

10,929

6,093

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,951

2,515

2,632

3,146

3,366

3,078

1,448

762

701

731

724

Write down of assets held for sale

475

0

0

-

-

-

-

-

-

-

-

Gain on sale of premise and equipment

-474

0

0

-

-

-

-

-

-

-

-

Amortization of intangible assets

264

300

337

366

311

345

213

-

-

-

-

Provision for loan losses

2,735

1,735

730

1,196

2,300

2,850

2,275

2,525

2,700

2,150

917

Stock based compensation

680

486

0

-

-

-

-

-

-

-

-

Accretion and amortization of investment security discounts and premiums

-671

-776

-893

-870

-873

-672

-69

989

1,702

2,017

1,590

Securities gains, net

-

-

-

-

2,592

3,515

2,417

-

-

-

-

Securities (gains) losses, available for sale

640

-47

600

1,611

-

-

-

1,285

621

173

-4,846

Originations of loans held for sale

61,723

55,283

53,407

68,362

56,058

51,119

51,512

44,571

36,702

43,659

34,723

Proceeds of loans held for sale

62,174

55,068

55,838

69,268

57,594

53,998

55,098

45,970

40,703

42,013

35,108

Gain on sale of loans

1,754

1,518

1,674

2,102

1,743

1,803

1,438

1,386

1,130

949

826

Equity Securities, FV-NI, Gain (Loss)

89

-170

0

0

-

-

-

-

-

-

-

Debt Securities, Trading, Gain (Loss)

19

3

-8

58

-

-

-

-

-

-

-

Net equity securities losses

89

-170

0

0

-

-

-

-

-

-

-

Net securities losses (gains), trading

-

-

-

-

-22

0

0

-

-

-

-

Proceeds from the sale of trading securities

604

570

0

3,826

709

0

0

-

-

-

-

Proceeds from sales of trading securities

78

466

426

-

-

-

-

-

-

-

-

Purchases of trading securities

74

309

566

3,753

804

0

0

-

-

-

-

Security trades receivable

6,626

0

0

-

-

-

-

-

-

-

-

Earnings on bank-owned life insurance

574

662

666

684

720

923

677

670

599

636

713

(Increase) decrease in deferred tax asset

-814

324

-1,769

-1,543

-209

-124

-123

128

457

243

2,315

Other, net

1,453

904

-2,200

7

1,630

-423

-61

112

-1,238

-1,715

1,202

Net cash provided by operating activities

14,050

17,270

17,693

16,113

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

15,735

18,738

17,327

13,966

16,493

9,861

6,319

INVESTING ACTIVITIES:
Debt Securities, Available-for-sale [Abstract]
Proceeds from sales of available for sale securities

23,799

19,296

25,528

44,829

-

-

-

-

-

-

-

Proceeds from sales of available for sale securities

-

-

-

-

65,672

102,145

79,114

48,460

13,454

3,700

14,757

Proceeds from calls and maturities of available for sale securities

6,845

8,033

11,564

25,558

22,859

13,354

16,359

19,995

12,226

15,628

9,084

Purchases of available for sale securities

40,180

58,725

22,986

28,322

-

-

-

-

-

-

-

Proceeds from sales

-

-

-

-

-

-

-

-

5

-

-

Proceeds from calls and maturities

-

-

-

-

-

-

-

55

25

26

29

Net decrease (increase) in loans

-24,010

139,776

152,806

49,590

130,803

101,816

55,953

78,323

24,049

11,026

25,375

Purchases of available for sale securities

-

-

-

-

32,776

47,902

90,179

74,791

63,733

29,918

20,006

Acquisition of premises and equipment

2,706

2,005

4,999

4,061

2,285

2,795

4,918

1,403

743

401

847

Proceeds from the sale of premises and equipment

297

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of foreclosed assets

502

445

1,108

859

1,868

1,059

143

765

508

194

491

Purchase of bank-owned life insurance

30

30

34

27

30

30

981

33

39

80

59

Capital contribution from non-controlling interest

0

0

2

0

0

-

-

-

-

-

-

Proceeds from bank-owned life insurance death benefit

-

-

-

-

-

367

0

383

-

82

376

Sale of bank-owned life insurance policy to insured

-

-

-

-

-

-

-

-

-

134

-

Investment in limited partnership

-

-

-

-

-

-

-

-

-

-

738

Proceeds from redemption of regulatory stock

13,934

15,352

7,677

3,160

10,790

3,955

3,239

1,171

1,282

364

-

Purchases of regulatory stock

8,600

20,882

12,158

3,178

12,818

4,583

2,384

796

-

-

170

Net cash used for investing activities

18,475

-177,722

-147,104

-10,772

-

-

-

-

-

-

-

Acquisition, net of cash acquired

-

-

-

-

-

-

-17,487

-

-

-

-

Net cash used for investing activities

-

-

-

-

-77,523

-36,246

-38,073

-84,517

-61,064

-21,297

-22,458

FINANCING ACTIVITIES:
Net increase in interest-bearing deposits

90,170

56,085

51,067

40,140

13,756

-17,584

34,114

56,763

42,149

10,773

72,055

Net (decrease) increase in noninterest-bearing deposits

13,932

17,498

39

23,194

36,705

26,001

19,906

3,599

22,007

9,448

3,864

Proceeds from long-term borrowings

50,000

80,000

30,000

0

30,625

0

452

30,000

-

-

-

Repayment of long-term borrowings

32,608

12,028

45,028

5,027

10,776

26

5,528

15,000

10,500

15,000

-

Net (decrease) increase in short-term borrowings

-162,945

67,117

87,507

-33,397

5,820

14,102

-9,254

3,606

2,299

8,945

-55,592

Finance lease principal payments

440

0

0

-

-

-

-

-

-

-

-

Dividends paid

8,876

8,818

8,837

8,903

8,967

9,055

9,560

7,214

7,059

7,056

7,052

Issuance of common stock

89

97

116

101

116

119

80

54

67

67

71

Purchase of treasury stock

0

0

1,881

574

2,603

747

0

-

-

-

-

Net cash provided by financing activities

-50,678

199,951

112,983

15,534

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-18,153

39,499

-16,428

-

-

-

-

-

-

-

-

Stock options exercised

-

-

-

-

-

-

-

-

-

10

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-46

-

Net cash provided by financing activities

-

-

-

-

64,676

12,810

30,210

71,808

48,963

7,141

13,346

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

2,888

-4,698

9,464

1,257

4,392

-4,295

-2,793

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

20,875

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid

15,438

10,288

5,850

5,538

-

-

-

-

-

-

-

Interest paid

-

-

-

-

5,174

4,986

5,225

6,381

7,870

10,191

12,642

Income taxes paid

3,567

2,350

4,450

4,025

2,933

3,750

3,998

2,950

2,290

2,550

1,325

Transfer due to adoption of ASU 2016-01, equity securities fair value adjust, reclassification from AOCI to Retained Earnings, net of tax

0

537

0

0

-

-

-

-

-

-

-

Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect

0

0

-818

0

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Right-of-use lease assets obtained in exchange for lessee finance lease liabilities

6,026

0

0

-

-

-

-

-

-

-

-

Right-of-use lease assets obtained in exchange for lessee operating lease liabilities

4,298

0

0

-

-

-

-

-

-

-

-

Transfer of loans to foreclosed real estate

525

877

593

772

340

2,166

470

-

2,066

226

708

Proceeds from Sale and Maturity of Marketable Securities

-

-

-

0

-

-

-

-

-

-

-

Securities available for sale

-

-

-

-

-

-

21,783

-

-

-

-

Loans

-

-

-

-

-

-

250,377

-

-

-

-

Premises and equipment, net

-

-

-

-

-

-

8,014

-

-

-

-

Accrued interest receivable

-

-

-

-

-

-

726

-

-

-

-

Bank-owned life insurance

-

-

-

-

-

-

7,419

-

-

-

-

Intangibles

-

-

-

-

-

-

2,015

-

-

-

-

Other assets

-

-

-

-

-

-

2,636

-

-

-

-

Goodwill

-

-

-

-

-

-

14,072

-

-

-

-

Noncash Assets Acquired

-

-

-

-

-

-

307,042

-

-

-

-

Deferred tax liability

-

-

-

-

-

-

76

-

-

-

-

Interest-bearing deposits

-

-

-

-

-

-

194,438

-

-

-

-

Noninterest-bearing deposits

-

-

-

-

-

-

82,518

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

2,766

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

103

-

-

-

-

Other liabilities

-

-

-

-

-

-

4,892

-

-

-

-

Noncash Liabilities Assumed

-

-

-

-

-

-

284,793

-

-

-

-

Net non-cash assets acquired

-

-

-

-

-

-

22,249

-

-

-

-

Cash and cash equivalents acquired

-

-

-

-

-

-

20,363

-

-

-

-