RIVERVIEW BANCORP INC RVSB Cash Flow

Riverview bancorp inc (RVSB)

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	Dec'10	Sep'10	Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
17,061	17,321	17,016	17,266	16,068	13,200	12,030	10,242	9,267	9,740	8,361	7,404	6,775	6,488	6,460	6,358	6,471	5,914	5,346	4,491	19,614	19,266	18,523	19,423	4,377	4,607	6,053	2,633	-14,919	-926,650	-747,437	-31,657	-14,846	896,433	716,550	4,315	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
2,917	2,810	2,797	2,718	2,755	2,843	2,877	2,917	2,871	2,440	2,563	2,746	2,284	2,796	4,290	2,597	8,072	6,275	3,247	3,283	-2,962	-2,463	-2,220	-1,898	-1,796	-1,801	-2,747	-1,877	-4,853	-3,897	-2,023	-2,013	1,886	2,212	2,038	1,927	0	0	0
Purchased loans amortization (accretion), net
-215	-319	-44	-147	-439	-128	-310	-277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	50	0	0	0	-	-	-	-	-	-	-	-	-1,150	-1,550	-1,950	-2,000	-1,800	150	550	900	3,700	6,100	6,100	-2,400	-900	-45,700	-37,600	-26,900	-29,350	12,350	5,850	5,325	5,075	0	0	0
Provision (benefit) for deferred income taxes
-	-	-	-	-	-	-	-3,668	-4,722	-2,949	-3,642	-3,103	-3,087	-2,961	-4,811	-3,175	-5,895	-4,538	-1,684	-2,140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expense related to ESOP
-	-	-	-	-	-	-	148	194	177	157	143	123	114	165	110	259	204	99	102	-93	-83	-75	-68	-61	-57	-66	-42	-139	-113	-72	-62	67	68	63	64	0	0	0
Stock-based compensation expense
327	271	213	44	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	26	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Increase in deferred loan origination fees, net of amortization
52	-88	-424	-498	-859	-860	-553	-498	-340	-371	-509	-543	-626	-690	-712	-585	-663	-402	-187	-190	196	80	-19	102	-60	-129	-185	-333	-337	-209	-130	-76	148	270	234	57	0	0	0
Origination of loans held for sale
9,339	9,781	9,027	11,105	12,815	14,446	17,839	20,502	20,950	23,419	24,282	21,032	19,945	16,180	25,940	15,768	43,657	35,270	15,577	17,991	-16,069	-15,202	-15,563	-24,413	-29,457	-36,717	-38,895	-29,121	-24,196	-13,914	-7,814	-5,916	-4,313	-6,463	-9,015	-12,166	0	0	0
Proceeds from sales of loans held for sale
9,495	9,637	9,190	10,579	13,387	15,056	18,952	21,204	22,743	24,554	24,463	21,477	19,054	16,477	27,431	16,398	45,605	36,859	15,838	18,673	-15,837	-16,774	-16,337	-24,718	-32,511	-37,130	-45,185	-29,484	-27,669	-16,210	-3,115	-5,682	4,284	6,689	9,608	12,402	0	0	0
Stock based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-24	-18	-14	-12	0	0	0	-	-	-	-
Writedown of REO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	369	323	337	337	715	1,164	1,027	1,277	2,056	4,265	5,131	5,479	4,974	3,250	4,965	4,814	4,238	3,600	1,663	1,061	924	0	0	0
Net gains on sales of loans held for sale, sales of investment securities available for sale and sales of premises and equipment
351	700	621	682	766	541	652	725	847	816	822	731	543	390	639	321	1,429	1,128	609	663	-671	-587	-481	-640	-662	-568	-782	-1,056	0	0	0	-	-	-	-	-775	0	0	0
Net loss (gain) on loans held for sale, sale of real estate owned, mortgage-backed securities, investment securities and premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Income from BOLI
774	778	748	734	746	761	791	819	812	790	776	760	756	764	764	770	768	771	775	716	1,500	1,168	833	553	-561	-571	-876	-585	-589	-594	-301	-601	0	0	0	-	-	-	-
Changes in certain other assets and liabilities:
Income from bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	601	0	0	0
Prepaid expenses and other assets
-1,168	-2,440	-520	868	-678	1,033	4	212	2,025	639	575	369	-296	425	586	239	117	289	448	161	-202	-511	-862	46	593	1,154	1,484	2,963	2,418	1,875	1,195	-627	-63	59	1,286	1,904	0	0	0
Accrued interest receivable
-60	156	411	442	325	560	492	536	352	424	368	291	417	240	243	245	780	556	501	303	-353	-388	-213	-89	148	299	333	411	560	444	410	365	120	242	159	326	0	0	0
Accrued expenses and other liabilities
-3,257	-1,992	3,139	2,988	6,641	2,767	153	-3,755	-1,714	2,453	863	5,538	3,373	1,733	-1,559	-718	-4,277	-1,960	616	-2,424	-2,472	-5,670	-5,984	-2,637	2,501	3,519	2,900	1,189	-653	-1,304	58	222	87	746	795	2,763	0	0	0
Net cash provided by operating activities
17,165	19,174	22,481	20,154	25,665	20,036	16,931	11,939	12,704	16,564	13,994	18,059	15,162	13,876	12,261	11,078	8,558	3,146	4,064	5,562	7,014	10,142	8,552	6,531	7,088	7,262	8,172	11,002	11,566	12,275	14,285	12,002	13,458	14,710	15,567	18,132	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan repayments (originations), net
-7,044	11,023	35,532	34,427	40,232	25,275	-6,790	-11,156	-17,614	-4,071	34,694	37,103	54,793	40,840	45,510	30,686	16,883	29,770	9,862	24,270	18,654	-3,396	-9,910	-24,044	-42,033	-55,599	-138,407	-102,784	0	0	0	-	-	-	-	15,213	0	0	0
Purchases of loans receivable
-	-	26,120	-	-	-	35,181	43,016	0	0	0	-	-	-	-	-	-	-	-	22,864	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal repayments on investment securities available for sale
-	-	26,530	-	-	-	28,923	28,569	28,337	29,823	30,005	29,782	27,942	24,587	23,068	21,860	0	0	0	-	-	-	-	3,516	854	1,084	380	357	350	378	377	392	392	198	197	203	0	0	0
Principal repayments on mortgage-backed securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Principal repayments on mortgage-backed securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Principal repayments on mortgage-backed securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	24	56	46	46	48	17	17	19	17	18	18	69	0	0	0
Purchases of investment securities available for sale
-	-	-	-	-	-	-	47,494	47,494	84,978	81,984	92,418	92,417	48,175	48,175	60,679	60,679	84,167	84,167	52,199	137,265	88,076	95,514	101,514	0	0	0	-	-	-	-	-	-	-	-	-10,000	0	0	0
Loan (originations) repayments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from sale of loans held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,394	0	0	0	-	-	-	-	-	-	-	-
Proceeds from calls, maturities and sales of investment securities available for sale
21,122	8,000	8,000	10,000	0	0	0	-	-	-	-	7,261	0	0	0	-	-	-	-	24,205	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	9,990	0	0	0
Principal repayments on investment securities held to maturity
7	7	7	7	8	8	14	22	23	23	18	11	10	11	11	11	0	0	0	-	-	-	-	-	-	-	-	493	493	499	12	13	12	13	12	11	0	0	0
Proceeds from sale of mortgage-backed securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment and capitalized software
2,090	1,451	947	1,046	693	814	827	753	753	545	609	598	294	386	339	366	378	348	385	464	464	579	671	835	1,159	1,261	3,687	2,141	5,772	5,293	1,546	2,578	14,357	12,344	-1,311	-1,310	0	0	0
Redemption of certificates of deposit held for investment
-	-	-	5,220	0	0	0	-	-	-	-	5,727	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of FHLB stock, net
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of mortgage-backed securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of certificates of deposit held for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-9,960	-4,979	-8,217	-7,710	0	0	0	-	-	-	-	26,573	0	0	0	-	-	-	-
Purchases of FHLB stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,864	-5,132	-5,336	-5,545	-820	-838	-699	-556	-410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures on real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207	-207	-227	-251	-49	0	0	0
Redemption of certificates of deposit held for investment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from sales of real estate owned ("REO") and premises and equipment
-	-	-	976	0	0	0	-	-	-	-	262	272	405	686	753	845	2,133	4,255	5,493	5,106	6,972	5,705	7,347	10,170	8,901	8,958	8,098	9,191	10,002	10,454	9,275	7,246	4,923	4,771	5,328	0	0	0
Net cash provided by (used in) investing activities
12,688	5,939	-25,465	-24,971	-27,501	-59,012	-24,517	-45,582	-18,266	-52,339	-81,786	-76,591	-106,975	-68,616	-74,249	-70,661	-55,444	-19,200	-33,112	-46,255	-110,255	-122,784	-105,456	-78,380	3,511	35,779	79,184	138,517	111,415	65,780	23,896	-45,352	-51,477	-24,444	-17,025	5,572	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits
46,908	33	-60,034	-70,568	-28,567	-7,937	8,979	15,771	1,153	20,695	53,188	69,470	92,826	81,906	67,094	58,953	58,235	54,361	35,820	30,784	59	29,829	27,146	26,260	6,477	-26,421	-46,397	-80,649	-52,252	-30,032	-36,967	27,925	0	0	0	-	-	-	-
Dividends paid
3,849	3,619	3,390	3,163	2,937	2,651	2,367	2,140	1,913	1,857	1,800	1,799	1,741	1,627	1,457	1,261	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,482	0	0	0
Proceeds from borrowings
375,598	482,113	401,743	326,956	202,560	97,795	94,215	55,980	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,450	0	0	0
Repayment of borrowings
410,141	482,113	344,802	270,370	169,067	97,795	94,215	55,980	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-157,450	0	0	0
Net decrease in advance payments by borrowers for taxes and insurance
137	67	109	-6	-68	130	-16	-56	-28	83	75	84	32	125	106	114	57	68	50	28	6	158	128	-558	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance lease liability
-	-	29	-	-	-	25	23	22	21	21	21	20	20	25	42	60	76	86	85	83	82	80	79	77	76	111	73	145	113	47	54	-47	-45	-43	-43	0	0	0
Proceeds from exercise of stock options
0	0	0	-	-	-	-	245	0	0	0	-	-	-	-	62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in advance payments by borrowers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
8,876	-3,305	-6,172	-17,000	2,125	-10,189	6,746	13,797	405	19,013	51,523	67,745	91,108	78,882	64,216	56,324	53,872	53,931	35,641	30,775	2,082	29,293	26,582	25,011	5,461	-27,071	-46,840	-80,497	-52,214	-29,836	-36,829	27,991	38,432	11,377	18,224	14,461	0	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-9,156	-	-	-	-840	-19,846	-5,157	-16,762	-16,269	9,213	-705	24,142	2,228	-3,259	6,986	37,877	6,593	-9,918	-101,159	-83,349	-70,322	-46,838	16,060	15,970	40,516	69,022	70,767	48,219	1,352	-5,359	413	1,643	16,766	38,165	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest
4,281	3,705	3,178	2,686	2,347	2,257	2,196	2,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	1,584	1,567	1,570	1,570	1,589	5,525	5,471	5,457	5,487	1,657	1,825	1,974	2,077	2,184	2,385	2,689	3,066	3,546	4,008	4,400	4,826	5,340	5,975	6,688	0	0	0
Income taxes
-	-	-	6,877	5,064	5,701	4,084	3,280	3,334	2,315	266	285	270	279	244	239	199	100	15	15	17	33	33	31	0	0	0	-	-	-	-	-	-	-	-	387	0	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities
1,138	1,136	1,132	904	903	960	960	677	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to REO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,512	1,353	3,205	4,571	6,331	6,263	5,294	7,397	14,075	17,448	18,352	14,558	6,843	0	0	0	-	-	-	-
Other comprehensive income
5,427	8,789	6,523	2,751	-2,531	-6,788	-5,162	-3,590	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding loss from investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of real estate owned to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,859	0	0	0	-	0	0	0
Fair value adjustment to securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	372	0	0	0	-	0	0	0
Transfer of real estate owned to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Income tax effect related to other comprehensive income
-1,274	-2,066	-1,530	-629	563	1,731	1,314	871	46	1,301	1,553	1,525	939	-375	-841	-203	230	-425	-23	-724	-458	-162	-473	-189	-179	-345	-114	-81	-67	25	-46	-126	0	0	0	-	-	-	-
Right-of-use lease assets obtained in exchange for operating lease liabilities
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax effect related to fair value adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0