SELECT BANCORP, INC. SLCT Cash Flow

Select bancorp, inc. (SLCT)

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	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
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
1,104	3,041	3,239	3,448	3,307	4,454	4,321	3,110	1,897	-2,045	1,779	1,336	2,115	1,605	1,739	1,907	1,503	1,638	1,351	1,821	1,743	1,278	194	613	272	-	-	1,259	793	735	632	1,158	2,112	599	-22	-861	121
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (recovery of) loan losses
-	-	-	-	-	-395	-459	557	141	276	202	1,083	-194	669	337	158	352	506	393	-139	130	176	106	-427	-49	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-130	-375	-100	-	189	-650	-2,136	-	-	-	-
Provision for loan losses
2,273	-	-	-	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,194	2,542	1,164
Depreciation and amortization of premises and equipment
422	-357	782	743	622	433	435	426	444	282	287	284	291	282	288	261	259	245	257	296	245	251	204	146	135	137	130	127	128	148	147	144	142	159	164	166	170
Amortization and accretion of investment securities
-171	-224	-219	-182	-142	-105	-132	-153	-170	-137	-137	-138	-144	-162	-179	-206	-194	-250	-230	-228	-263	-351	-154	-347	-102	-431	-132	-149	-162	-355	-133	-135	-146	-259	-162	-193	-217
Amortization of right of use lease asset
308	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan fees and costs
243	254	190	183	217	201	192	196	155	164	147	141	150	139	110	122	114	130	82	64	70	51	103	87	65	53	54	70	50	50	51	45	51	48	48	58	46
Amortization of core deposit intangible
179	193	208	205	219	232	247	262	275	146	82	88	93	99	105	111	116	115	124	150	155	161	128	29	29	29	29	29	29	29	29	29	28	38	38	38	39
Loss on sale of premises and equipment
-	-	-	-	-	-	-	-	-49	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net write-down on assets held for sale
-	-	-	-	-	-	128	0	50	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of acquisition premium on borrowings
-	-	-	-	-	-	-	-	-5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
105	191	59	60	59	45	44	44	45	45	27	19	24	18	17	18	18	13	9	9	8	-157	237	6	5	5	6	6	9	7	8	10	13	15	-125	114	71
Accretion on acquired loans
105	225	211	268	200	404	941	768	938	428	183	197	253	241	371	264	270	261	254	276	572	388	344	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22	113	0	134	85	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net accretion of acquisition discount on borrowings
-	-	-	-	-	-	-	-	-	-	0	43	44	-	59	76	77	-	55	133	111	-	75	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of bank-owned life insurance
161	168	170	169	165	173	172	172	169	148	144	142	141	147	148	148	148	157	158	156	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans held for sale
10,865	9,190	9,681	9,040	6,667	4,409	8,011	12,671	-2,365	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of loans held for sale
-	-	-	-	-	-	-	-	-1,995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of loans held for sale
11,250	8,256	10,351	9,282	6,284	-	-	-	-	98	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans held for sale
293	-	-	-	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on write down on other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-59	-	-	-	-
Increase in cash surrender value of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	58	-	59	59	58	61	61	62	63	64	63	64	63
Loss (gain) on sale of premises and equipment
-	-	-	-	-	-	-	-	-	-4	0	1	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sales of loans held for sale
-	-	-	-	-	-	-	-	-26	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on sale and write-downs of foreclosed real estate
0	-37	0	-9	-3	29	-47	-42	-11	-228	-275	67	-6	6	-116	-16	-32	-22	-62	-33	-22	65	-43	-9	-264	-41	-110	-49	-119	-91	-324	-521	-24	-364	-156	-700	-203
Amortization of deposit premium
7	7	7	0	0	7	32	59	80	63	68	71	90	120	157	182	203	188	190	214	237	259	201	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) on investment security sales and pay-downs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	145	-145	-	-	-62	-74	-	-51	-65	-58	-	-73	50	-24
Change in assets and liabilities:
Net change in accrued interest receivable
-350	287	-126	-92	231	-134	135	125	-234	251	303	122	-244	284	78	-2	58	14	40	-5	-143	290	-72	-121	-63	-103	223	-27	-79	-275	281	-167	-206	-209	-140	-44	-92
Net change in other assets
346	52	-407	47	2,016	-248	-155	-107	-2,068	-1,020	-20	433	81	-1,311	-10	-16	9	774	421	-47	-835	1,801	-1,886	-409	-44	520	30	-453	-13	-1,223	1,359	-672	-1,245	-1,040	-471	-23	-199
Net change in accrued expenses and other liabilities
-561	-311	345	-1,234	481	-801	814	250	-11,473	-949	714	-1,223	1,102	-1,338	-948	1,109	978	-691	-37	-66	340	441	-242	-13	-48	-129	-250	222	169	-1,785	56	644	1,101	242	-1,005	629	44
NET CASH PROVIDED BY OPERATING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,012	2,551	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY OPERATING ACTIVITIES
2,811	4,740	4,110	2,167	2,342	5,301	3,621	3,671	-7,780	314	2,678	508	3,058	-	-	-	-	-	-	-	2,654	-	1,982	951	839	1,074	358	1,879	1,367	3,577	-183	2,172	2,884	2,718	2,217	3,416	2,235
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of FHLB stock
14	-	-	-	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption (purchase) of FHLB stock
-	-	-	-	-	-171	-428	208	1,184	-726	-429	-6	-104	-89	22	0	206	63	0	562	-37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of non-marketable security
-1	-	1	-20	-24	-	-76	-29	-114	-	-36	-37	0	-	-7	4	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities available for sale
0	-	-	-	37,948	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of FHLB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-234	0	234	-	0	0	177	0	61	214	0	-	-	-	-
Redemption (purchase) of non-marketable security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-	20	14	0	-	0	-67	132	-	-	-	-	-	-	-	-
Redemption of non-marketable security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Purchase of investment securities available for sale
-	-	-	-	-	-	-	0	0	-	0	0	759	499	0	-1	1,518	2,017	265	0	7,057	2,952	-1	7,445	0	-	-	-	-	20,937	1,839	6,871	12,501	-	-	-	-
Maturities of investment securities available for sale
3,500	500	1,078	1,805	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage-backed securities pay-downs
4,688	4,438	3,935	2,353	3,079	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investment securities available for sale
-	-	-	-	-	-	-	-	62	-	-	-	-	0	0	22	602	2,446	0	2,197	3,443	-450	404	0	550	0	0	0	0	-	-	-	-	-	-	-	-
Maturities of investment securities available for sale
-	-	-	-	-	-	-	-	100	-	1,000	2,290	965	1,259	2,000	5,657	1,777	0	1,001	8,969	2,460	571	1,251	5,252	1,850	2,300	1,000	3,501	2,850	3,000	3,101	4,323	3,698	3,099	8,500	7,316	6,921
Mortgage-backed securities pay-downs
-	-	-	-	-	-	-	-	3,642	-	1,999	1,279	1,581	1,435	1,778	1,717	3,293	2,045	2,443	2,253	2,469	4,226	2,571	2,002	2,204	2,244	2,427	2,937	3,495	3,249	3,139	2,954	3,463	3,511	2,476	2,135	3,139
Net change in loans outstanding
9,406	16,747	17,943	5,253	5,641	-7,246	-1,092	13,670	-5,085	20,298	25,193	33,524	29,799	25,496	19,779	2,200	12,236	11,165	24,206	14,404	6,298	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,783	210	-	6,643	4,561	6,741	16,762	3,863	7,002	17,600	-	-	-	-
Net change in loans outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,175
Proceeds from sale of foreclosed real estate
0	17	26	12	65	-	-	-	-	655	403	230	154	231	616	1,181	34	75	60	124	376	202	12	167	1,059	147	247	54	690	723	1,070	1,216	1,049	428	406	1,054	123
Purchases of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net purchases of premises and equipment
499	214	359	391	417	356	457	335	408	-	-	-	-	-	-	-	160	-	1,157	1,306	37	241	183	167	144	155	118	142	68	46	76	49	60	0	2	28	4
NET CASH USED BY INVESTING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,078	-8,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH (USED IN) INVESTING ACTIVITIES
-1,730	-12,688	-12,139	23,596	-40,897	8,322	4,824	-10,990	7,411	31,313	-21,449	-29,779	-27,809	-	-	-	-	-	-	-	-4,543	-	23,694	11,606	5,963	4,392	-11,249	9,023	14,017	3,467	9,319	-3,712	13,249	27,624	19,042	4,599	16,354
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits
-10,180	5,172	-42,570	54,245	-29,461	6,273	-19,291	-15,938	14,517	-6,234	35,437	26,586	33,567	2,660	16,004	-6,198	16,696	230	40,516	-20,697	-18,145	-24,731	-6,848	-12,564	-7,160	-11,354	-5,677	-17,494	-15,576	17,080	10,136	-4,202	-11,411	-25,795	-11,640	-3,459	7,672
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	20	19	19	19	19	19	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7,645	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	26	0	-102	4	98	-410	66	171	173	30	279	160	352	140	10	66	2	0	0	29	15	-	-	0	165	-	-	-	-
Repurchase stock
2,468	2,496	8,205	726	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term debt
-	-	-	-	-	-	-	-	3,899	-	-	-	0	5,000	6,000	0	16,000	30,228	-2,093	19,976	0	2,716	3,127	-445	1,319	0	0	0	0	0	3,242	0	3,424	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	18,000	20,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of lease liability
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on short-term debt
-	-	-	-	-	-	-	-	-	11,998	11,280	-296	3,740	834	4,103	-32	14,422	31,160	33	6,025	1,754	-1,658	1,658	0	0	-	-	800	3,190	8,347	0	348	2,000	1,973	2,000	-371	371
Repayments of long-term debt
-	-	-	-	-	-	-	-	-	4,073	10,380	100	100	4,540	211	813	100	-	-	212	267	-	-	0	0	-	-	-	-	0	0	0	2,000	0	0	0	2,000
Repayments of lease liability
270	138	265	129	171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY FINANCING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,808	10,698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
7	114	0	0	114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165	0	0	-	-	-	-
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES
-12,911	2,652	-51,040	46,390	-29,518	2,346	30,453	-8,954	38,442	-22,243	13,779	26,786	29,825	-	-	-	-	-	-	-	-19,833	-	-5,388	-12,943	-5,839	-19,256	-5,328	-18,265	-18,751	8,733	13,378	-4,550	-11,822	-27,768	-11,536	-3,008	5,301
NET CHANGE IN CASH AND CASH EQUIVALENTS
-11,830	-	-59,069	72,153	-68,073	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	38,073	-	-4,992	-2,485	5,074	-18,280	3,516	2,282	4,787	12,854	22,019	-8,152	-21,722	-35,324	20,288	-386	963	-13,790	-16,219	-7,363	-3,367	15,777	22,514	-6,090	4,311	2,574	9,723	5,007	23,890
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest
2,760	2,966	3,181	2,757	2,741	2,556	2,479	2,229	1,946	1,380	1,296	1,168	1,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the period for: Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	913	907	-	871	862	991	1,156	1,086	1,107	1,119	1,196	1,305	1,375	1,438	1,564	1,611	1,711	1,795	1,894	2,146	2,209	2,241
Taxes
0	57	916	1,580	0	748	602	927	0	1,149	554	1,768	0	819	1,772	0	0	1,136	789	1,058	0	126	77	0	10	263	835	526	0	-	-	-	-	-	-	-	-
Non-cash transactions:
Unrealized gains (losses) on investment securities available for sale, net of tax
562	-161	148	612	360	333	-172	-208	-410	-182	-6	96	52	-658	-162	225	463	-504	373	-510	322	195	271	211	240	-231	-68	-731	-156	-234	77	9	-59	-17	55	175	-106
Transfers from loans to foreclosed real estate
-	-	-	-	-	-	-	-	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to foreclosed real estate
204	2,145	0	443	26	-	-	-	-	48	69	1,982	444	276	564	25	553	491	56	43	0	-127	664	112	548	32	551	-267	316	742	440	3,205	433	593	412	115	1,690
Acquisition:
Transfers from loans held for sale to loans, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-26	432	-	0	-1,552	1,552	-	-	-	-