Penns woods bancorp inc (PWOD)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net Income

3,077

2,837

4,654

4,249

3,946

4,196

3,826

3,480

3,208

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

3,285

3,086

2,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

2,946

3,061

3,390

3,078

3,746

3,364

3,433

3,355

2,883

4,793

3,463

3,469

3,495

3,246

3,659

3,684

3,096

3,667

3,398

3,689

3,395

3,150

2,964

2,853

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

760

1,047

528

685

691

608

663

858

386

653

590

670

719

752

798

733

863

888

836

816

826

727

753

861

737

-27

1,060

221

194

193

189

189

191

175

173

178

175

Gain on sale of premise and equipment

14

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

62

62

62

69

71

71

71

78

80

81

80

86

90

90

89

100

87

76

73

80

82

82

83

88

92

91

91

31

0

-

-

-

-

-

-

-

-

Provision for loan losses

750

1,700

360

315

360

760

480

335

160

125

60

215

330

330

258

258

350

480

520

600

700

1,605

460

300

485

600

600

575

500

725

600

600

600

900

600

600

600

Stock based compensation

198

-

-

-

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion and amortization of investment security discounts and premiums

-171

-172

-173

-169

-157

-185

-196

-200

-195

-205

-223

-210

-255

-213

-218

-211

-228

-229

-226

-210

-208

-163

-180

-183

-146

-113

-73

-8

125

173

211

228

377

382

412

449

459

Net securities gains, available for sale

21

-

-

-

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

14,977

-

-

-

8,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities (gains) losses, available for sale

-

-

-

-

-

-30

-22

14

-9

113

302

-12

197

437

253

486

435

-

526

526

661

-

2,145

487

393

-

-3

1,274

986

79

447

170

589

479

8

9

125

Originations of loans held for sale

-

-

-

-

-

15,304

16,543

14,674

8,762

11,904

15,416

15,123

10,964

17,538

19,878

18,329

12,617

14,296

14,592

17,746

9,424

12,416

17,411

12,731

8,561

8,527

15,288

16,061

11,636

12,455

16,244

11,571

4,301

7,946

8,324

11,746

8,686

Proceeds of loans held for sale

15,359

18,266

21,796

11,656

10,456

16,567

15,332

13,704

9,465

12,800

15,820

15,164

12,054

18,156

19,725

18,060

13,327

15,006

16,194

17,184

9,210

13,958

18,238

12,972

8,830

8,723

19,660

13,379

13,336

11,299

17,982

10,483

6,206

8,062

11,453

10,413

10,775

Gain on sale of loans

444

508

583

347

316

465

398

400

255

358

455

503

358

411

658

566

467

438

524

482

299

490

602

421

290

234

551

302

351

333

527

343

183

280

359

242

249

Equity Securities, FV-NI, Gain (Loss)

20

45

-21

22

43

-126

-16

6

-34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Trading, Gain (Loss)

-14

4

2

3

10

-9

14

-5

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net equity securities losses

20

45

-21

22

43

-126

-16

6

-34

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net equity securities losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net securities losses (gains), trading

-

-

-

-

-

-

-

-

-

-

-

0

2

-

8

6

40

15

-33

-4

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of trading securities

0

526

0

1

77

104

212

21

233

-332

0

163

169

103

284

509

2,930

219

260

230

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of trading securities

0

0

1

0

73

0

0

87

222

80

1

376

109

157

276

443

2,877

214

199

391

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings on bank-owned life insurance

192

140

143

123

168

166

165

158

173

167

166

161

172

168

171

161

184

179

182

171

188

187

185

181

370

196

199

144

138

131

138

133

268

138

148

139

174

(Increase) decrease in deferred tax asset

84

-634

257

62

-499

-46

207

-7

170

-1,723

-109

237

-174

-591

-176

-761

-15

53

-131

-17

-114

316

-207

-6

-227

-209

-76

-9

171

443

-99

-145

-71

794

0

-172

-165

Proceeds on sales of investment securities receivable

6,627

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security Trades Payable

-

-

-

-

-

-

-

-

-

-

-

-

1,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

2,658

185

-1,173

1,967

474

-48

859

-468

561

-6,561

900

1,385

2,076

515

-3,330

1,306

1,516

144

-186

-521

2,193

-114

-1,555

-1,404

2,650

-1,273

2,101

-951

62

-1,077

-748

388

1,549

-1,650

-391

110

693

Net cash provided by operating activities

8,608

-1,723

7,391

2,084

6,298

7,197

2,632

3,817

3,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-112

4,532

-

6,695

2,725

2,742

4,426

5,800

3,779

1,730

5,633

5,926

5,457

1,722

5,360

6,670

1,052

4,245

2,776

5,718

1,982

3,490

4,163

6,516

1,632

4,182

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

2,774

7,510

8,157

1,146

6,986

4,768

10,045

1,120

3,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

6,478

2,652

-

6,173

16,168

19,839

22,621

11,358

15,886

15,807

3,330

28,384

26,637

43,794

9,216

26,988

22,418

20,492

12,613

17,833

8,249

9,765

1,462

9,115

149

2,728

Proceeds from calls and maturities of available for sale securities

2,598

3,756

1,138

1,134

817

1,873

2,199

3,301

660

4,366

1,810

1,430

3,958

6,291

5,676

7,056

6,535

8,027

4,959

4,669

5,204

7,623

2,149

1,086

2,496

3,584

3,995

5,471

3,309

2,736

3,534

10,325

3,400

2,625

5,262

2,338

2,001

Purchases of available for sale securities

11,753

11,569

11,593

4,056

12,962

13,252

24,313

8,225

12,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-1

5

Proceeds from calls and maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25

Net decrease (increase) in loans

-5,861

-

-

-

169

-

-

-

-

-

-

-

18,200

25,042

15,418

13,048

-3,918

43,479

24,174

34,399

28,751

26,942

34,635

35,863

4,376

12,552

19,735

24,189

-523

27,810

20,226

22,660

7,627

6,774

11,612

8,555

-2,892

Purchases of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

8,735

9,699

-

6,310

14,460

3,270

5,860

2,929

14,770

9,217

8,128

196

15,102

24,476

18,958

7,279

40,257

23,685

9,826

15,295

26,929

22,741

5,461

32,699

17,697

7,876

Net increase in loans

-

-

-

-

-

-

-

49,438

35,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of premises and equipment

1,547

-

474

709

615

-

426

625

323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

557

1,714

1,112

503

732

794

1,008

355

128

336

888

962

609

2,174

1,544

186

1,014

294

207

135

767

349

179

64

151

Proceeds from the sale of premises and equipment

336

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of foreclosed assets

226

0

307

78

117

192

72

165

16

150

371

1

586

373

53

427

6

255

66

1,071

476

525

59

15

460

143

0

0

0

65

2

567

131

120

0

296

92

Purchase of bank-owned life insurance

26

0

4

0

26

-6

5

4

27

0

4

0

30

0

0

0

27

0

3

0

27

0

5

-1

26

0

4

951

26

0

4

0

29

0

7

0

32

Security trades payable

-

-

-

-

-

-

-

-20

3,689

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance death benefit

248

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

367

0

0

0

0

0

0

0

383

-

-

-

-

Investment in limited partnership

370

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from redemption of regulatory stock

1,139

275

3,144

3,617

6,898

3,279

3,329

3,409

5,335

2,833

2,710

972

1,162

516

333

156

2,155

1,989

3,639

2,897

2,265

2,301

582

19

1,053

1,002

1,689

69

479

137

485

268

281

297

311

329

345

Purchases of regulatory stock

2,222

301

1,559

2,979

3,761

4,307

4,447

6,642

5,486

5,164

4,428

1,559

1,007

609

756

824

989

2,300

4,089

3,736

2,693

2,746

845

445

547

1,404

158

507

315

-

-

-

-

-

-

-

-

Net cash used for investing activities

-2,736

5,049

13,061

3,080

-2,715

-23,421

-48,396

-56,919

-48,986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-30,886

-21,135

-

-11,361

-5,028

27,435

-19,541

-12,181

-28,737

-17,064

-24,373

-5,395

-24,614

18,136

-21,143

3,952

-20,645

-237

-23,175

-13,878

-30,260

-17,204

-8,080

-29,808

-23,205

29

FINANCING ACTIVITIES:
Net increase in interest-bearing deposits

4,716

-15,819

747

16,927

88,315

1,723

17,541

-8,368

45,189

-162

-7,890

2,784

56,335

-761

-18,167

20,646

38,422

-5,156

-6,013

12,708

12,217

-18,499

3,472

-11,218

8,661

-4,522

15,882

10,994

11,760

1,248

2,420

18,134

34,961

-207

788

36,290

5,278

Net (decrease) increase in noninterest-bearing deposits

-1,987

7,417

4,574

1,098

843

7,703

1,917

6,933

945

-7,514

10,776

-12,338

9,115

7,678

21,597

4,640

-10,721

32,235

3,346

-1,729

2,853

10,790

3,830

10,018

1,363

2,003

4,278

8,107

5,518

-332

-2,477

1,491

4,917

6,571

4,679

4,826

5,931

Proceeds from long-term borrowings

35,000

0

25,000

10,000

15,000

0

25,000

0

55,000

0

30,000

0

0

-

-

-

-

0

15,625

0

15,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term borrowings

25,000

0

17,291

0

15,317

28

10,000

0

2,000

10,028

25,000

0

10,000

5,027

0

0

0

-

-

-

-

-

-

-

-

0

0

528

5,000

-

-

-

-

-

-

-

-

Net (decrease) increase in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-4,652

1,662

-5,861

1,566

-30,764

-5,052

-7,336

28,401

-10,193

23,605

-4,713

7,799

-12,589

11,656

-23,940

19,602

-16,572

15,272

77

3,087

-14,830

12,014

577

1,371

-11,663

Net increase (decrease) in short-term borrowings

12,821

-

-53,466

-25,046

-83,366

-

29,828

75,332

-41,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease principal payments

17

370

16

34

20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

2,253

2,259

2,206

2,206

2,205

2,204

2,205

2,205

2,204

2,203

2,204

2,205

2,225

2,225

2,226

2,224

2,228

2,231

2,238

2,241

2,257

2,258

2,266

2,266

2,265

2,265

2,265

3,225

1,805

1,803

1,804

1,803

1,804

1,766

1,764

1,765

1,764

Issuance of common stock

20

20

22

26

21

25

23

26

23

36

29

32

19

30

29

25

17

39

30

24

23

31

31

28

29

21

28

14

17

12

15

11

16

15

18

16

18

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

574

153

647

1,358

445

237

510

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

23,300

-12,078

-42,636

765

3,271

10,619

62,104

71,718

55,510

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

29,172

-8,752

-22,184

5,929

6,854

-5,605

16,340

18,616

10,148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-6,460

48,592

-

-4,628

24,653

-5,848

19,656

2,767

25,055

17,198

13,406

-156

4,361

-4,801

7,345

-6,017

34,964

-6,082

14,397

13,231

20,920

23,260

6,127

4,298

40,738

-2,200

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-10,455

-37,458

31,989

-

-9,294

22,350

24,329

4,541

-3,614

97

1,864

-5,334

375

-14,796

15,057

-8,438

4,605

15,371

-2,074

-6,002

5,071

-7,358

9,546

2,210

-18,994

19,165

2,011

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid

4,036

4,089

3,997

3,724

3,628

3,438

2,788

2,305

1,757

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

1,358

1,414

-

1,388

1,364

1,339

1,371

1,239

1,336

1,228

1,282

1,230

1,215

1,259

1,345

1,357

1,179

1,344

1,572

1,566

1,598

1,645

1,822

2,023

1,984

2,041

Income taxes paid

0

442

3,125

0

0

425

425

1,000

500

500

1,600

2,350

0

975

300

1,800

950

933

400

800

800

1,335

750

715

950

1,228

975

1,195

600

600

400

1,025

925

500

0

1,040

750

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

-

-

-

-

-

0

0

0

537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

0

6,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

0

4,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer of loans to foreclosed real estate

139

0

244

230

51

1

316

464

96

85

18

30

460

689

0

58

25

0

103

230

7

1,814

218

134

0

-

-

-

-

-

-

-

-

58

1,420

11

577