The community financial corporation (TCFC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities
Net income

2,748

4,075

3,693

3,627

3,877

3,814

3,858

2,335

1,221

-459

2,782

2,543

2,342

2,022

1,963

1,738

1,608

1,528

1,283

1,711

1,821

1,545

1,889

1,335

1,721

1,644

1,703

1,586

1,718

1,470

1,472

941

1,105

493

1,206

1,219

241

Adjustments to reconcile net income to net cash provided by operating activities
Provision for loan losses

4,100

805

450

375

500

465

40

400

500

30

224

376

380

670

698

564

427

362

501

392

178

1,502

385

563

203

300

285

200

155

1,005

746

436

341

545

644

890

2,005

Depreciation and amortization

403

-

402

398

415

-

425

417

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

397

395

412

394

400

398

392

354

384

356

350

349

345

322

320

312

309

317

325

323

327

323

272

249

244

224

219

214

Loans originated for resale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-23

4,215

3,931

4,339

2,540

2,769

2,379

3,021

5,273

12,610

4,091

6,694

1,574

1,718

5,241

1,513

1,515

1,476

Proceeds from sale of loans originated for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

275

4,021

4,054

5,480

2,089

2,367

2,447

3,363

5,058

12,905

4,222

6,981

1,627

1,774

5,361

1,556

1,559

1,491

Gain on sale of loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7

97

145

204

76

68

80

30

138

379

157

336

69

65

153

53

54

25

Net losses (gains) on the sale of OREO

-3

0

0

178

10

-

-

-

-

7

0

9

27

4

3

-448

5

-

-

-

-

-

-

-

-

-

-

-

-

184

0

0

-96

-

-

-

-

Gains on sales of investment securities

329

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gains on equity securities

75

-

35

65

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

-

0

0

16

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of AFS investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of premium/discount on investment securities

29

9

10

33

44

2

-51

-75

-91

-61

-133

-105

-94

-114

-127

-140

-128

-88

-109

79

-127

-99

-94

-83

-68

-99

-114

-143

-184

-161

-103

-87

-116

-97

-62

-40

-45

Net accretion of merger accounting adjustments

222

240

243

213

168

108

165

154

323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of core deposit intangible

157

163

169

175

181

187

193

199

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in right of use assets and lease liabilities

27

27

18

31

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in OREO valuation allowance

732

135

129

576

61

107

142

193

90

23

263

117

196

208

104

7

255

217

73

249

125

0

0

152

82

100

171

19

311

16

31

326

300

1,304

342

0

315

Increase in cash surrender value of bank owned life insurance

219

223

223

221

218

225

227

225

221

192

195

194

192

196

199

198

196

198

206

206

205

208

160

152

151

155

157

157

151

155

157

159

159

163

163

164

159

Increase in deferred income tax benefit

-796

-109

-319

-259

-61

-400

-204

364

-50

2,692

-189

-234

-382

-138

-302

-197

82

-179

-176

-277

-118

1,516

-978

-109

709

11

-31

69

-166

-95

-427

-11

-333

-637

-268

296

-37

Increase in accrued interest receivable

58

-194

-218

100

374

-70

247

44

-187

17

282

189

44

375

118

104

164

91

-55

67

79

-15

120

-61

18

124

-52

-126

124

-162

-11

82

-31

19

-4

21

206

Stock based compensation

76

97

63

92

77

125

111

133

105

116

115

171

113

249

80

80

80

137

60

68

54

35

1

10

136

57

12

13

134

125

-0

62

201

3

4

4

241

Net change due to deficit of fair market value over cost of leveraged ESOP shares released

-4

1

0

-1

-3

4

8

12

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in net deferred loan costs

181

188

327

103

78

265

-204

3

32

53

180

793

-337

2,860

-603

-805

100

-89

76

-102

30

-99

-88

-47

-31

-92

51

-268

2

-27

-116

-22

33

-422

106

532

-75

Increase in accrued expenses and other liabilities

-1,325

971

1,208

-40

-1,479

1,243

231

-213

99

497

4,712

-3,114

-1,773

1,204

1,271

-298

-763

25

386

-104

1,463

-947

-28

1,014

-1,099

944

533

711

-1,699

197

451

1,542

-1,552

552

1,205

781

-1,151

Decrease in other assets

-2,977

2,319

-1,023

1,870

-1,027

-891

-1,755

1,542

-2,566

2,479

-447

1,571

-2,322

-2,036

-390

383

84

-882

-5

-61

-575

2,219

-2,018

382

-834

1,302

-330

1,407

-1,002

-187

-1,023

285

-1,673

-896

-1,995

611

1,738

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,012

2,951

1,622

-

2,798

2,508

3,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Operating Activities

7,985

3,599

6,216

2,191

3,684

6,324

6,183

2,032

4,861

677

8,225

-2,560

3,760

-

-

-

-

-

-

-

-

-

4,392

2,404

2,334

1,999

3,375

1,532

1,601

3,222

3,644

3,135

2,027

3,282

5,093

2,110

-163

Cash Flows from Investing Activities
Purchase of AFS investment securities

53,919

-

-

-

9,602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of AFS investment securities

-

-

-

-

-

13,468

32,119

15,018

5,532

9,420

9,178

2,094

5,559

16,170

5,531

7,099

2,512

22

2,017

23

22

24

3,186

21

22

30

22

13,443

22

15,440

24

10,050

27

2,056

16,877

29

30

Proceeds from redemption or principal payments of AFS investment securities

8,572

6,525

4,903

3,835

3,124

2,540

2,529

1,905

1,907

1,780

1,961

1,638

1,731

1,249

1,492

1,551

1,361

3,577

1,760

1,712

1,937

1,804

1,795

1,891

2,621

2,384

2,858

2,714

2,520

2,496

4,213

3,610

7,641

4,212

2,011

1,703

4,055

Purchase of HTM investment securities

0

1,489

1,487

5,256

3,239

1,770

1,000

7,378

982

0

3,053

9,084

998

12,324

2,217

1

9,962

-

-

-

-

11,650

3,830

0

750

0

750

0

10,933

5,107

10,399

0

849

27,974

44,466

0

99

Proceeds from maturities or principal payments of HTM investment securities

0

6,564

8,439

5,058

3,982

2,679

4,581

4,682

5,053

3,863

5,280

3,693

5,212

5,946

6,930

5,864

4,824

3,761

5,767

4,626

3,706

3,180

4,480

3,312

3,048

4,899

9,232

10,761

12,659

14,071

12,167

13,630

13,615

14,295

11,221

6,827

13,367

Proceeds from sale of AFS investment securities

41,902

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of HTM investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

66

3,030

0

0

3,179

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of AFS investment securities

-

-

-

-

-

0

0

0

34,919

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,056

-

-

-

-

-

-

-

-

-

-

-

-

Net increase of FHLB stock

2,179

-1,063

1,275

-638

52

1,274

-1,764

-1,276

-1,893

-170

-299

41

469

1,062

1,168

-1,536

-391

254

127

-383

499

-1

-225

281

787

0

-1,074

1,038

153

44

-348

-208

401

-168

-202

-396

38

Loans originated or acquired

127,665

138,184

120,236

121,859

104,723

107,625

94,629

76,295

67,772

77,429

65,066

97,688

84,972

112,850

104,731

114,035

79,948

78,305

37,283

69,245

74,011

73,695

51,034

79,070

58,172

92,837

70,018

74,725

37,457

72,627

48,076

67,222

58,330

57,658

69,334

95,165

47,637

Principal collected on loans

91,990

98,253

92,115

97,725

85,072

68,297

77,400

65,411

78,582

72,828

60,597

67,471

59,407

74,328

56,632

52,821

50,806

55,033

32,489

64,590

52,988

45,536

50,242

51,020

46,315

52,747

54,367

63,957

49,739

55,362

49,060

53,886

45,043

44,034

58,025

50,441

51,751

Purchase of premises and equipment

46

195

147

51

415

911

386

394

86

37

104

202

436

213

349

760

2,648

865

1,039

506

1,040

548

960

302

545

580

299

99

57

260

850

1,631

1,771

2,119

1,297

1,566

229

Proceeds from sale of OREO

700

2,588

0

278

46

-

-

-

-

397

0

57

846

653

140

1,954

676

254

307

171

452

-

-

-

-

-

-

-

-

0

45

0

299

-

-

-

-

Net cash acquired in business combination

-

-

-

-

-

-

-39

-124

-32,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

29

0

15

2,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48,802

-54,980

-35,012

-

-13,948

-8,121

-16,402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-40,645

-24,804

-22,709

-23,142

-25,807

-51,681

-41,365

-23,413

80,269

-6,470

-9,264

-28,592

-25,238

-

-

-

-

-

-

-

-

-

-8,496

-22,325

-3,057

-32,830

-2,845

-11,862

16,296

-16,281

6,484

-7,568

5,218

-25,745

-51,891

-37,393

21,139

Net Cash Provided by (Used in) Financing Activities [Abstract]
Net increase in deposits

752

-48,123

65,517

55,275

9,539

-22,741

128,506

37,934

-19,530

8,236

10,195

36,016

12,965

27,249

18,100

42,876

43,700

24,620

-18,106

45,894

-14,893

39,564

11,276

9,425

-12,176

4,047

32,566

-14,172

-21,377

-2,757

7,213

10,085

-21,564

14,203

59,118

31,924

-2,574

Proceeds from long-term debt

27,000

-

25,000

10,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

17

-

-

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

5,000

0

0

10,000

-

-

-

0

-

-

-

-

Payments of long-term debt

-

-

-

-

-

52

30,016

15,016

10,016

16

10,015

15

10,015

14

15

14

5,015

15,014

14

14

4,013

14

13

764

13

5,013

13

12

13

12

12

12

12

12

11

11

10,011

Net increase in short term borrowings

22,000

-10,000

5,000

-25,000

0

30,000

-31,500

-15,000

-36,000

-4,000

3,000

-9,000

18,500

23,500

27,500

-2,500

-5,500

22,000

2,000

-9,000

19,000

-

-

-

-

-2,640

-21,360

24,000

-1,000

-

-

-4,000

7,000

-433

-1,427

1,407

-363

Payments of subordinated notes

23,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

0

21

85

192

50

42

33

15

0

0

66

59

3

8

49

Proceeds from subordinated notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

23,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of Small Business Lending Fund Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

702

664

663

670

671

540

537

543

543

451

452

451

450

452

454

455

453

460

461

461

534

510

510

519

516

515

355

355

354

50

50

1,266

55

0

298

1,421

211

Net change in unearned ESOP shares

0

155

0

0

-39

-

-

-

-

-

-

-

-

-

-

-

-

174

0

0

-28

-

-

-

-

228

-89

39

177

-0

0

34

-35

43

-349

-67

-32

Repurchase of common stock

0

0

0

0

17

3

0

64

3

-

-

-

-

528

1

13

323

1,379

119

313

16

-

-

-

-

233

5

186

112

36

104

153

0

-0

185

82

141

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,130

54,894

32,409

-

-16,700

36,106

2,516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Financing Activities

26,033

-63,017

94,838

39,589

8,795

6,798

86,392

7,311

-66,092

4,006

1,923

36,687

21,000

-

-

-

-

-

-

-

-

-

5,753

15,163

-7,620

28,453

10,794

9,356

-12,646

-1,840

4,046

4,687

-14,600

13,860

60,531

31,756

-13,286

Decrease in Cash and Cash Equivalents

-6,627

-84,222

78,345

18,638

-13,328

-38,559

51,210

-14,070

19,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

884

5,535

-478

-3,100

1,340

2,865

-981

-2,943

-27,850

30,493

-9,934

8,306

1,649

-4,758

-8,343

-2,378

11,324

-974

5,251

-14,898

14,176

254

-7,354

-8,602

13,734

-3,525

7,689

Supplemental Cash Flow Information [Abstract]
Cash Paid During the Period [Abstract]
Interest

4,331

4,335

5,055

4,468

5,056

3,755

7,088

0

3,403

2,370

2,931

2,098

2,602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Schedule of Non Cash Operating Activities
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,676

2,244

-

2,282

1,515

1,479

1,595

1,643

1,669

1,754

1,791

1,840

1,934

2,083

2,312

2,542

2,856

2,941

3,358

3,348

3,186

3,329

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

2,450

700

1,875

300

1,086

1,430

1,038

50

1,073

514

2,020

125

904

565

2,400

200

755

450

1,020

0

30

1,421

929

0

Supplemental Schedule of Non-Cash Operating Activities
Issuance of common stock for payment of compensation

303

100

0

0

107

66

0

74

247

0

0

0

203

0

111

0

464

103

0

0

216

0

0

0

182

0

0

0

249

125

-0

62

201

-

-

-

-

Transfer from loans to OREO

0

301

17

34

3,215

25

181

0

101

-

-

-

-

1

401

203

2,515

3,489

391

0

1,556

1,152

508

343

739

462

1,019

0

371

1,854

609

1,420

135

0

1,648

5,073

1,156

Financed amount of sale of OREO

0

0

0

0

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financed amount of sale of OREO

-

-

-

-

-

-

-

-

-

-

0

0

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination Non-Cash Disclosures
Assets acquired in business combination (net of cash received)

-

-

-

-

-

0

0

-1,577

193,836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed in business combination

-

-

-

-

-

0

0

-120

200,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock for payment of compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

241