Select bancorp, inc. (SLCT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

13,035

13,782

3,185

6,754

6,553

2,357

2,941

4,637

-163

-4,955

-8,442

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (recovery of) loan losses

438

-156

1,367

1,516

890

-194

-325

-2,597

-

-

-

Recovery of loan losses

-

-

-

-

-

-

-

-

6,218

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

15,634

5,472

Depreciation and amortization of premises and equipment

1,790

1,738

1,144

1,090

1,043

736

522

581

659

751

817

Amortization and accretion of investment securities

-767

-560

-556

-741

-971

-954

-874

-769

-831

-836

-529

Amortization of right of use lease asset

990

0

0

-

-

-

-

-

-

-

-

Amortization of deferred loan fees and costs

844

744

602

485

346

306

227

197

200

176

182

Amortization of core deposit intangible

825

1,016

409

431

544

347

116

115

153

154

153

Loss on sale of premises and equipment

-

-

-

0

-279

6

0

0

-

-

-

Amortization of acquisition premium on borrowings

0

-12

-89

-256

-376

-188

0

0

-

-

-

Deferred income taxes

585

1,061

2,325

151

970

130

753

2,784

-366

-2,405

-1,008

Stock-based compensation

369

178

115

71

39

91

26

38

75

148

160

Accretion on acquired loans

904

3,051

1,061

1,146

1,363

732

0

-

-

-

-

Accretion on acquired loans

-

-

-

-

-

-

-

0

-

-

-

Gain on the sale of securities

48

0

1

22

332

-46

0

0

-

-

-

Net accretion of acquisition discount on borrowings

-

-

-

-

-

-

-

0

-

-

-

Increase in cash surrender value of bank-owned life insurance

672

686

575

591

626

269

235

-

-

-

-

Proceeds from loans held for sale

34,578

22,726

0

0

-

-

-

-

-

-

-

Originations of loans held for sale

-

-

-

0

0

-

-

-

-

-

-

Originations of loans held for sale

34,173

22,711

98

-

-

-

-

-

-

-

-

Gain on sales of loans held for sale

753

497

0

0

-

-

-

-

-

-

-

Loss on write down on other assets

-

-

-

-

-

-

-

-

-82

0

-13

Gain on sale of branches

-

-

-

-

-

-

-

557

0

-

-

Gain on sale of branches

-

-

-

-

-

-

-

-

-

0

-

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

247

254

262

262

Loss on impairment on non marketable securities

-

-

-

-

-

-

-

-

-

-

51

Loss on impairment of goodwill

-

-

-

-

-

-

-

-

-

-

8,674

Loss (gain) on sale of premises and equipment

-60

-62

5

-20

-

-

-

-

-

-11

-26

Loss on assets held for sale

-8

-178

0

-

-

-

-

-

-

-

-

Net loss on sale and write-downs of foreclosed real estate

-49

-71

-442

-158

-139

-251

-319

-960

-1,423

-656

-565

Amortization of deposit premium

14

178

292

662

829

460

0

-

-

-

-

Net (gain) on investment security sales and pay-downs

-

-

-

-

-

-

-

-

-

-37

-4

Change in assets and liabilities:
Net change in accrued interest receivable

300

-108

432

418

-94

34

14

-367

-485

-102

71

Net change in other assets

1,708

-2,578

-526

-1,328

313

-538

84

-1,781

-1,733

1,444

2,804

Net change in accrued expenses and other liabilities

-719

-11,210

-356

-199

-454

138

12

16

-90

-242

370

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

3,399

-

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

13,359

4,813

6,558

8,481

6,883

-

4,678

8,450

10,586

8,845

4,065

CASH FLOWS FROM INVESTING ACTIVITIES
Redemption (purchase) of FHLB stock

-238

793

-1,265

139

588

-336

-177

-

-

315

24

Purchase of investment securities available for sale

38,698

0

1,523

-

-

-

-

-

-

-

-

Purchase of FHLB stock

-

-

-

-

-

-

-

275

200

0

45

Purchase of other non-marketable securities

-

-

-

-

-

-

-

-

50

100

75

Redemption (purchase) of non-marketable security

-

-

-

-

-

-

-

-

52

0

-

Purchase of investment securities available for sale

-

-

-

2,016

9,339

10,396

25,922

42,148

16,209

21,836

38,664

Maturities of investment securities available for sale

3,383

1,400

4,255

-

-

-

-

-

-

-

-

Mortgage-backed securities pay-downs

13,805

9,685

6,015

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities available for sale

1,125

0

21,972

624

8,086

504

0

500

500

0

-

Cash received from branch acquisition

24,093

0

28,513

0

21,229

15,406

0

0

-

-

-

Maturities of investment securities available for sale

-

-

-

10,693

12,430

8,924

9,651

14,122

25,836

15,796

12,586

Mortgage-backed securities pay-downs

-

-

-

8,223

9,210

11,003

11,103

12,805

11,261

11,104

12,215

Net change in loans outstanding

45,584

247

108,814

59,711

56,073

-11,877

-20,469

-

-

-

-

Purchase of Bank owned life insurance

-

-

-

-

-

10,000

0

0

-

-

-

Net change in loans outstanding

-

-

-

-

-

-

-

45,227

44,051

-11,223

-

Repurchase of loan participations

-

-

-

-

-

-

-

-

-

-

4,269

Proceeds from sale of loans

-

-

-

-

-

-

-

342

0

2,618

-

Net change in loans outstanding

-

-

-

-

-

-

-

-

-

-

22,219

Proceeds from sale of foreclosed real estate

120

717

1,442

2,062

635

1,440

1,138

4,058

2,011

1,712

1,852

Net change in other non-marketable securities

43

257

73

2

191

159

50

-25

-

-

-

Proceeds from sale of premises and equipment

68

104

9

6

1,159

18

0

0

1

5

65

Proceeds from sale of assets held for sale

660

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of assets held for sale

-

-

-

812

-

-

-

-

-

-

-

Proceeds from sale of assets held for sale

-

-

-

-

0

-

-

-

-

-

-

Purchases of premises and equipment

-

-

-

781

3,900

-

-

12,621

0

0

-

Proceeds from sale of assets held for sale

-

-

-

-

-

0

-

-

-

-

-

Retirement of premises and equipment

-

-

-

-

-

-

-

19

0

0

-

Net purchases of premises and equipment

1,381

1,556

931

-

-

735

483

231

34

1,426

1,064

NET CASH USED BY INVESTING ACTIVITIES

-

-

-

-

-

28,536

-

-

-

-

-

NET CASH (USED IN) INVESTING ACTIVITIES

-42,128

9,567

-47,724

-40,225

-16,960

-

16,183

22,323

67,619

-3,665

-39,552

CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits

-12,614

-14,439

89,356

29,162

1,904

-51,303

-50,101

11,603

-33,222

-5,663

35,143

Preferred stock dividends paid

-

-

-

4

77

38

0

0

-

-

-

Redemption of preferred stock

-

-

-

7,645

0

0

-

-

-

-

-

Proceeds from issuance of common stock

0

63,250

0

0

821

218

44

165

0

0

-

Direct expenses related to capital transactions

0

3,444

0

0

-

-

-

-

-

-

-

Repurchase stock

11,427

0

0

-

-

-

-

-

-

-

-

Proceeds from long-term debt

0

38,000

0

-

-

-

-

-

-

6,000

-

Proceeds from short-term debt

-

-

-

27,000

48,111

6,717

0

6,666

2,184

2,000

-

Proceeds from long-term debt

-

-

-

0

10,000

0

0

-

-

-

-

Repayments on short-term debt

7,000

21,267

26,722

19,327

38,972

0

11,543

10,695

3,973

-1,102

2,611

Repayments of long-term debt

0

0

14,653

5,664

6,711

1,988

0

2,000

2,000

2,000

-

Repayments of lease liability

703

0

0

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY FINANCING ACTIVITIES

-

-

-

-

-

-46,394

-

-

-

-

-

Tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

16

3

Proceeds from stock option exercises

228

187

166

527

-

-

-

-

-

332

32

NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES

-31,516

62,287

48,147

24,049

15,076

-

-61,600

5,739

-37,011

1,787

32,567

NET CHANGE IN CASH AND CASH EQUIVALENTS

-

-

-

-7,695

4,999

-14,459

-40,739

36,512

41,194

6,967

-2,920

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest

11,645

9,210

4,900

3,744

3,586

-

-

-

-

-

-

Cash paid during the period for: Interest

-

-

-

-

-

4,468

5,314

6,681

8,490

9,634

12,887

Taxes

2,553

2,277

3,471

2,591

2,983

213

1,624

0

0

939

624

Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax

959

-457

-40

-132

-319

917

-1,186

-207

107

-258

-3

Transfers from loans to foreclosed real estate

2,614

618

2,543

1,418

590

1,197

632

4,820

2,810

3,495

2,147

Transfer from foreclosed real estate to premises and equipment

-

-

-

-

-

-

-

-

-

960

-

Transfer from premises and equipment to assets held for sale

-

-

-

781

846

0

0

-

1,113

0

-

Common stock received as collateral on loan default

-

-

-

-

-

-

-

-

-165

0

-