SALISBURY BANCORP INC SAL Cash Flow

Salisbury bancorp inc (SAL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Mar'15	Mar'14	Sep'13	Jun'13	Mar'13	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net income
2,047	3,010	2,989	2,703	2,434	2,565	2,344	1,900	2,015	1,076	1,693	1,883	1,604	2,234	551	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,019	1,144	940	1,140	1,116	1,250	1,248	1,039	882	943
Adjustments to reconcile net income to net cash provided by operating activities
(Accretion), amortization and depreciation
Securities
105	94	101	125	12	-1	3	10	19	29	39	35	42	-	-	-	-	-	141	142	181	-	59	101	62
Bank premises and equipment
355	381	397	403	410	419	429	449	371	462	331	321	327	-	-	-	-	-	219	222	225	-	217	208	206
Amortization of intangibles
87	91	94	99	104	107	111	116	120	138	142	127	126	-	-	-	-	-	56	55	56	-	56	55	56
Modification fees on Federal Home Loan Bank of Boston advances
45	58	59	57	58	58	58	58	58	58	62	57	57	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debt issuance costs
6	6	6	6	6	6	6	6	6	6	6	5	6	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing rights
16	15	12	13	11	14	11	12	11	20	13	68	68	-	-	-	-	-	115	86	77	-	51	56	58
Fair value adjustment on loans
-	0	0	0	-64	-121	-196	-177	-285	-238	-225	-249	-495	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment on deposits
-1	-2	-2	-2	-2	-7	-9	-10	-11	-14	-17	-23	-24	-	-	-	-	-	-	-	-	-	-	-	-
Gains on CRA mutual fund
14	-4	6	12	11	8	-6	-7	-13	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on securities available-for-sale, net
-	0	-535	281	-9	-302	-32	14	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on securities available-for-sale, net
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	9	8	-	11	11	11
Sales and calls of securities available-for-sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12	-	0	0	-11
Gain on sales of loans, excluding capitalized servicing rights
-45	-32	-43	-2	-5	-43	-18	0	-10	-16	-20	-23	-36	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	2	84	270	52	183	38	1	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-1	-144	-	-	-	-	-	25	0	-1	-	0	0	0
Loss on sale/disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	2	-1	-	0	0	0
Write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	106	57
Provision for loan losses
1,706	416	94	151	294	557	378	467	326	67	237	364	352	-	-	-	-	-	330	180	180	-	180	350	330
Proceeds from loans sold
3,157	340	5,649	90	368	2,609	1,267	0	679	945	1,032	1,582	1,881	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-3,360	-134	-5,709	-491	-363	-	-	-	-	-1,037	-979	-2,100	-1,898	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,560	-1,847	-360	-	-911	40	998
Decrease in deferred loan origination fees and costs, net
33	-3	-30	4	88	47	-18	-69	-92	-4	-85	-105	152	-	-	-	-	-	-13	-37	6	-	-6	-59	-57
Mortgage servicing rights originated
-33	-36	-20	-1	-4	-25	-11	-1	-6	-10	-15	-13	-25	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in mortgage servicing rights impairment reserve
-	-	-	-	-	-	-	-	-	-	-25	-1	2	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing rights originated
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-128	-180	-	-75	-29	-77
Increase in mortgage servicing rights impairment reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	10	92	-	65	17	-2
Increase in interest receivable
-22	10	14	-28	-263	169	-292	-316	-39	-145	-217	140	-7	-	-	-	-	-	686	137	-663	-	45	-85	130
Deferred tax (benefit) expense
-205	-215	-301	-146	271	-23	-319	-134	-18	888	0	0	0	-	-	-	-	-	-14	-12	-13	-	-14	-13	-14
Decrease (increase) in prepaid expenses
18	-27	-248	244	-143	117	-296	299	-170	182	45	165	-269	-	-	-	-	-	-366	280	-1	-	-20	318	73
Increase in cash surrender value of life insurance policies
-134	-139	-86	-88	-79	-91	-83	-82	-81	-84	-86	-85	-88	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-67	-68	-67	-	-40	-41	-39
Decrease in income tax receivable
-	0	124	-124	137	-79	233	-19	625	-216	-33	-217	293	-	-	-	-	-	-114	145	389	-	13	491	224
(Increase) decrease in other assets
-78	118	34	45	649	96	-31	-87	70	-130	118	-11	813	-	-	-	-	-	-7	-28	6	-	-7	-8	25
Decrease in accrued expenses
-2,969	700	724	556	-1,628	273	813	504	-821	-259	612	-866	-130	-	-	-	-	-	320	146	300	-	-207	-565	537
Increase in income tax payable
408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in interest payable
219	-429	-69	-2	341	-145	160	-85	208	-147	159	-151	149	-	-	-	-	-	3	-26	-30	-	-24	-27	-101
(Increase) decrease in other liabilities
613	-688	231	-236	-142	-1,527	1,705	-54	-55	256	-74	122	-64	-	-	-	-	-	-3	34	16	-	6	-470	-143
Issuance of shares for directors' fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Stock based compensation - restricted stock awards
159	163	178	115	100	113	126	95	113	65	78	61	61	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
2,112	3,937	4,285	3,468	2,640	2,727	4,783	2,667	3,100	3,023	3,041	1,102	3,041	-	-	-	-	-	3,833	175	1,458	-	507	1,365	3,266
Investing Activities
Redemption of Federal Home Loan Bank of Boston stock
-509	667	-264	-533	-1,124	-492	0	842	333	775	-414	-58	299	-	-	-	-	-	0	0	-285	-	0	0	0
Purchases of securities available-for-sale
2,729	1,536	10,676	31,864	9,391	1,596	13,787	18,249	7,999	0	11,538	20,100	5,016	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of securities
-	12	13,632	27,205	965	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinvestment of CRA Mutual Fund
4	5	6	5	5	5	4	6	4	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,053	3,820	-	8,560	-3,997	22,997
Proceeds from calls of securities available-for-sale
655	-	-	-	-	-300	50	445	500	5,000	1,920	6,231	2,990	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities/principal payments of securities available-for-sale
3,767	3,998	2,541	3,875	3,107	5,507	2,848	3,939	4,767	809	5,071	9,773	4,774	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,623	-	2,950	7,507	0
Proceeds from maturities of securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50	-	1	2	1
Loan originations and principle collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,165	-5,674	-147	-	1,757	-3,932	-9,394
Loan originations and principle collections, net
23,497	12,767	4,592	-422	2,235	12,816	26,015	34,812	28,630	17,760	12,685	314	1,777	-	-	-	-	-	-	-	-	-	-	-	-
Recoveries of loans previously charged off
29	24	18	39	7	24	23	13	14	368	132	17	83	-	-	-	-	-	8	19	10	-	33	15	7
Proceeds from sales of OREO
314	2	-1	70	1,017	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	1,744	-	347	308	0
Purchase of life insurance (BOLI)
-	0	5,000	0	750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
505	295	1,513	200	47	184	112	303	794	648	511	292	503	-	-	-	-	-	136	96	54	-	37	140	327
Net cash utilized by investing activities
-21,461	-11,198	-6,069	100	-6,208	-7,251	-36,897	-41,515	-32,479	-10,895	-17,185	17,925	252	-	-	-	-	-	9,483	5,394	12,331	-	-7,084	-10,271	13,284
Financing Activities
(Decrease) increase in deposit transaction accounts, net
-1,068	-20,920	34,200	8,891	4,551	1,156	601	46,872	10,029	-11,136	21,132	4,502	-6,920	-	-	-	-	-	15,107	7,138	3,725	-	24,023	11,418	32,640
Increase in time deposits, net
47,182	-10,754	-33,739	-135	10,681	23,428	4,089	10,459	6,324	-5,344	-467	3,013	-2,410	-	-	-	-	-	-2,811	-1,914	-2,345	-	-4,461	-4,768	-10,550
Decrease in securities sold under agreements to repurchase, net
-3,601	-58	2,280	3,357	-1,153	-2,554	4,967	-2,271	2,294	-2,861	2,403	-224	-3,185	-	-	-	-	-	-3,240	-4,178	-1,789	-	2,427	4,118	-4,949
Federal Home Loan Bank of Boston advances, net change in advances with maturity dates less than three months
20,000	-	-15,000	0	9,500	-	-30,000	-17,000	-35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances (principal payments) on Federal Home Loan Bank of Boston long term advances
10,000	-	-	-	-10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	-	-	-	-	-10,000	-5,500	15,500	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	42,000	0	27,000	-	10,000	0	0	-	-	-	-	-	409	406	11,408	-	427	427	16,925
Principal payments on note payable
9	9	8	9	8	9	8	8	8	8	6	8	9	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance lease obligations
11	-85	124	35	35	33	33	32	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in capital lease obligation
-	-	-	-	-	-	-	-	-	-	128	10	1	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised
53	-	-	-	-	47	30	103	42	4	-1	0	313	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
820	794	790	787	784	787	785	781	780	780	778	781	774	-	-	-	-	-	473	473	473	-	473	472	473
Series B preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	84	62	-	123	110	110
Net cash provided by (utilized by) financing activities
31,726	-19,402	6,819	-3,684	-6,248	20,749	-3,139	71,342	25,872	6,955	2,155	1,073	2,514	-	-	-	-	-	8,125	83	-12,352	-	28,150	9,759	-367
Net increase (decrease) in cash and cash equivalents
12,377	-26,663	5,035	-116	-9,816	16,225	-35,253	32,494	-3,507	-917	-11,989	20,100	5,807	-	-	-	-	-	21,441	5,652	1,437	-	21,573	853	16,183
Cash paid during period
Interest
1,662	2,407	2,362	2,429	2,014	2,279	1,801	1,739	1,045	1,239	907	1,138	765	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,031	1,106	1,205	-	1,357	2,429	633
Income taxes
140	785	607	905	81	778	149	678	-162	333	825	833	300	-	-	-	-	-	-593	387	788	-	-538	0	449
Assets under capital lease paid off
-	-	-	-	-	-	-	0	1,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle - Other assets
-	0	0	0	1,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle - Other liabilities
-	0	0	0	-1,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	743	-204	204	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	403	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	666	0	0	-	-7	7	314
From other real estate owned to other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	0	1,000	-	0	0	0
Adoption of new accounting principle
-	-	-	-	-	-	0	0	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-