SALISBURY BANCORP INC SAL Cash Flow

Salisbury bancorp inc (SAL)

CashFlow / TTM

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
10,749	11,136	10,691	10,046	9,243	8,824	7,335	6,684	6,667	6,256	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,754	4,653	4,419	4,112	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
(Accretion), amortization and depreciation
Securities
425	332	237	139	24	31	61	97	122	145	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Bank premises and equipment
1,536	1,591	1,629	1,661	1,707	1,668	1,711	1,613	1,485	1,441	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Amortization of intangibles
371	388	404	421	438	454	485	516	527	533	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Modification fees on Federal Home Loan Bank of Boston advances
219	232	232	231	232	232	232	236	235	234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated debt issuance costs
24	24	24	24	24	24	24	24	23	23	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing rights
56	51	50	49	48	48	54	56	112	169	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Fair value adjustment on loans
-	-64	-185	-381	-558	-779	-896	-925	-997	-1,207	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment on deposits
-7	-8	-13	-20	-28	-37	-44	-52	-65	-78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gains on CRA mutual fund
28	25	37	25	6	-18	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on securities available-for-sale, net
-	-263	-565	-62	-329	-318	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on securities available-for-sale, net
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Sales and calls of securities available-for-sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Gain on sales of loans, excluding capitalized servicing rights
-122	-82	-93	-68	-66	-71	-44	-46	-69	-95	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	408	589	543	274	274	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Loss on sale/disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Provision for loan losses
2,367	955	1,096	1,380	1,696	1,728	1,238	1,097	994	1,020	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from loans sold
9,236	6,447	8,716	4,334	4,244	4,555	2,891	2,656	4,238	5,440	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
-9,694	-6,697	0	0	0	-	-	-	-	-6,014	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Decrease in deferred loan origination fees and costs, net
4	59	109	121	48	-132	-183	-250	-286	-42	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Mortgage servicing rights originated
-90	-61	-50	-41	-41	-43	-28	-32	-44	-63	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in mortgage servicing rights impairment reserve
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing rights originated
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Increase in mortgage servicing rights impairment reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Increase in interest receivable
-26	-267	-108	-414	-702	-478	-792	-717	-261	-229	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Deferred tax (benefit) expense
-867	-391	-199	-217	-205	-494	417	736	870	888	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Decrease (increase) in prepaid expenses
-13	-174	-30	-78	-23	-50	15	356	222	123	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Increase in cash surrender value of life insurance policies
-447	-392	-344	-341	-335	-337	-330	-333	-336	-343	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Decrease in income tax receivable
-	137	58	167	272	760	623	357	159	-173	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
(Increase) decrease in other assets
119	846	824	759	627	48	-178	-29	47	790	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Decrease in accrued expenses
-989	352	-75	14	-38	769	237	36	-1,334	-643	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Increase in income tax payable
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in interest payable
-281	-159	125	354	271	138	136	135	69	10	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
(Increase) decrease in other liabilities
-80	-835	-1,674	-200	-18	69	1,852	73	249	240	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Issuance of shares for directors' fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Stock based compensation - restricted stock awards
615	556	506	454	434	447	399	351	317	265	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
13,802	14,330	13,120	13,618	12,817	13,277	13,573	11,831	10,266	10,207	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Investing Activities
Redemption of Federal Home Loan Bank of Boston stock
-639	-1,254	-2,413	-2,149	-774	683	1,950	1,536	636	602	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Purchases of securities available-for-sale
46,805	53,467	53,527	56,638	43,023	41,631	40,035	37,786	39,637	36,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of securities
-	41,814	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reinvestment of CRA Mutual Fund
20	21	21	19	20	19	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from calls of securities available-for-sale
0	-	-	-	-	695	5,995	7,865	13,651	16,141	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities/principal payments of securities available-for-sale
14,181	13,521	15,030	15,337	15,401	17,061	12,363	14,586	20,420	20,427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Proceeds from maturities of securities held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Loan originations and principle collections, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Loan originations and principle collections, net
40,434	19,172	19,221	40,644	75,878	102,273	107,217	93,887	59,389	32,536	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Recoveries of loans previously charged off
110	88	88	93	67	74	418	527	531	600	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from sales of OREO
385	1,088	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Purchase of life insurance (BOLI)
-	5,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
2,513	2,055	1,944	543	646	1,393	1,857	2,256	2,245	1,954	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Net cash utilized by investing activities
-38,628	-23,375	-19,428	-50,256	-91,871	-118,142	-121,786	-102,074	-42,634	-9,903	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Financing Activities
(Decrease) increase in deposit transaction accounts, net
21,103	26,722	48,798	15,199	53,180	58,658	46,366	66,897	24,527	7,578	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Increase in time deposits, net
2,554	-33,947	235	38,063	48,657	44,300	15,528	10,972	3,526	-5,208	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Decrease in securities sold under agreements to repurchase, net
1,978	4,426	1,930	4,617	-1,011	2,436	2,129	-435	1,612	-3,867	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Federal Home Loan Bank of Boston advances, net change in advances with maturity dates less than three months
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances (principal payments) on Federal Home Loan Bank of Boston long term advances
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on Federal Home Loan Bank of Boston advances
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Principal payments on note payable
35	34	34	34	33	33	32	30	30	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance lease obligations
85	109	227	136	133	127	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in capital lease obligation
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock options exercised
0	-	-	-	-	222	179	148	45	316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
3,191	3,155	3,148	3,143	3,137	3,133	3,126	3,119	3,119	3,113	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Series B preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash provided by (utilized by) financing activities
15,459	-22,515	17,636	7,678	82,704	114,824	101,030	106,324	36,055	12,697	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Net increase (decrease) in cash and cash equivalents
-9,367	-31,560	11,328	-28,960	3,650	9,959	-7,183	16,081	3,687	13,001	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Cash paid during period
Interest
8,860	9,212	9,084	8,523	7,833	6,864	5,824	4,930	4,329	4,049	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Income taxes
2,437	2,378	2,371	1,913	1,686	1,443	998	1,674	1,829	2,291	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0
Assets under capital lease paid off
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle - Other assets
-	1,552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle - Other liabilities
-	-1,552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
From other real estate owned to other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Adoption of new accounting principle
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adoption of new accounting principle
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-