TRUSTCO BANK CORP NY TRST Cash Flow

Trustco bank corp ny (TRST)

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
13,313	13,907	14,708	14,667	14,558	16,033	15,199	15,405	14,808	7,362	12,596	12,240	10,947	10,798	10,928	10,466	10,409	10,180	10,616	10,727	10,715	10,660	10,714	11,808	11,011	10,629	10,252	9,763	9,168	9,806	9,753	9,066	8,909	8,714	9,225	7,766	7,382
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
999	996	976	972	1,010	1,438	725	1,004	942	959	959	952	946	967	1,000	1,010	1,061	1,085	1,138	1,158	1,173	1,175	1,169	1,201	1,231	1,220	1,256	1,259	1,282	1,256	1,269	1,261	1,246	1,231	1,194	1,197	1,214
Amount of amortization expense attributable to right-of-use asset from operating lease.
1,520	1,569	1,479	1,471	1,470	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of other real estate owned
82	630	221	159	306	364	29	83	137	27	390	316	191	17	-82	363	0	19	52	168	134	98	19	2,521	-39	422	123	-99	63	213	-221	-163	-193	-174	-72	-137	-95
Writedown of other real estate owned
80	72	18	136	140	95	444	31	199	248	461	174	188	331	305	260	346	362	431	91	259	520	449	363	635	445	623	941	157	250	335	90	384	564	215	1,619	1,056
Net gain on sale of building held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,556	0	0	0	0	-	-	-	-	-	-	-	-
Provision for loan losses
2,000	200	0	-341	300	500	300	300	300	300	550	550	600	600	750	800	800	1,300	800	800	800	1,000	1,100	1,500	1,500	1,500	1,500	2,000	2,000	3,000	2,900	3,000	3,100	4,200	5,100	4,850	4,600
Deferred tax expense
846	295	184	162	498	1,885	601	375	-305	-1,305	429	325	368	-638	2,688	1,390	-179	179	2,665	-724	891	1,418	38	-155	1,663	-1,066	-333	-585	558	1,458	142	-597	437	-394	-548	-303	-1,091
Net amortization of securities
-858	-843	-815	-625	-688	-688	-734	-810	-915	-2,082	0	-1,130	-1,114	-1,284	-1,249	-1,301	-1,152	-1,352	-1,222	-1,392	-1,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock based compensation expense
4	5	6	6	-12	21	75	49	28	36	35	37	42	56	56	56	56	60	48	48	48	65	87	86	87	132	75	83	88	137	89	89	90	176	37	37	37
Net gain on securities transactions
1,155	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	2	0	0	249	335	376	0	6	188	0	1,432	2	763	666	55	677	132	158	1,425	-287
Net (gain) loss on sale of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	418	65	-3	0	0	-1	1	0	0	0	1	0	0	0	16	1	0	2	0	-	-	-	-
Decrease (increase) in taxes receivable
-3,682	-146	-865	-1,056	18	-962	590	-3,098	1,787	-3,376	1,339	-4,498	411	3,241	-324	2,707	-4,703	89	-1,784	2,564	-4,379	-1,385	1,927	-6,215	4,950	2,785	-4,076	-1,196	2,525	140	-3,413	-51	1,934	4,145	-3,076	-4,517	2,975
Decrease (increase) in interest receivable
-673	-823	-599	983	13	-211	223	750	-862	628	-470	541	-328	198	168	706	-264	-85	-460	431	-424	9	-559	407	-255	-502	-384	-391	723	-951	-205	1,062	-2,106	1,097	-11	-752	440
(Decrease) increase in interest payable
-200	-75	-18	80	448	246	83	30	128	67	8	-48	-16	30	-22	-31	48	-7	-7	-55	22	48	34	-5	3	30	13	-31	7	-18	-175	-120	0	-8	-88	-84	-131
Increase in other assets
2,171	1,344	1,022	102	1,545	3,626	1,321	493	946	-1,904	575	642	997	-3,167	3,314	898	632	768	2,995	-1,220	1,625	4,339	339	-431	2,992	-755	-20	-6,802	530	4,460	-97	-1,743	160	-33	-782	-1,580	-2,219
Amount of increase (decrease) in operating lease liabilities classified as operating activities.
-1,555	-1,604	-1,506	-1,495	-1,488	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accrued expenses and other liabilities
-4,307	-1,176	2,535	1,672	-3,141	718	-163	1,255	-3,039	-165	2,047	2,512	-1,602	716	302	1,313	-1,912	-2,250	1,641	2,462	-1,390	1,801	331	3,078	-4,087	2,943	24	3,233	-1,623	1,432	395	2,790	-2,155	42	554	1,447	-1,851
Total adjustments
1,192	120	4,709	3,098	-1,969	2,774	635	5,626	-2,840	6,847	2,698	8,631	369	3,057	2,834	692	5,710	1,288	7,135	3,230	6,117	8,089	1,106	9,786	-8,179	9,996	7,515	13,956	-1,390	2,889	8,225	7,351	2,630	-9,360	20,247	14,898	2,446
Net cash provided by operating activities
14,505	14,027	19,417	17,765	12,589	18,807	15,834	21,031	11,968	14,209	15,294	20,871	11,316	13,855	13,762	11,158	16,119	11,468	17,751	13,957	16,832	18,749	11,820	21,594	2,832	20,625	17,767	23,719	7,778	12,695	17,978	16,417	11,539	-646	29,472	22,664	9,828
Cash flows from investing activities:
The cash inflow associated with the sale and calls (requests of early payments) of debt and equity securities classified as available-for-sale securities.
98,363	90,697	56,856	28,409	16,041	13,305	15,444	24,453	25,028	15,501	35,554	52,799	20,770	40,617	70,762	85,637	48,913	69,796	106,555	25,979	52,625	52,575	87,876	39,301	141,322	61,526	31,704	214,977	108,997	298,039	304,464	329,165	272,582	255,839	512,469	381,641	21,996
Proceeds from calls and maturities of held to maturity securities
859	1,045	911	903	851	961	1,268	1,444	1,377	1,717	11,940	2,062	2,220	2,540	2,654	2,890	2,891	3,533	3,545	3,717	3,686	3,233	3,747	4,210	4,079	5,063	7,511	19,184	25,453	12,525	12,804	10,186	47,650	18,831	31,305	16,823	20,361
Proceeds from maturities of securities available for sale
5,000	0	0	52	10,000	604	0	20,000	25,000	5,000	0	0	0	-	-	-	-	-	-	-	-	2,204	2	5,000	4,000	3,008	2	50	10,000	46	1,502	514	400	7,058	4,106	4,249	4,830
Purchases of securities available for sale
22,793	2,288	84,421	108,942	67,103	600	1,119	14,864	45,224	17,054	9,589	8,483	47,905	24,749	106,132	113,301	31,121	56,925	34,806	57,164	40,928	7,358	0	103,350	15,405	33,670	60,503	42,046	287,328	160,813	243,629	351,453	444,091	187,574	600,498	268,669	150,416
Purchases of held to maturity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,303	40,961	70,935	0	0
Net decrease (increase) in loans
37,792	78,163	79,735	47,248	-11,863	48,927	85,353	75,718	31,151	59,694	72,304	60,451	19,579	45,337	46,656	44,361	10,275	15,938	42,037	51,887	38,670	78,621	81,009	69,178	37,822	78,311	75,843	65,326	24,457	83,291	57,421	41,451	8,680	47,610	59,205	73,442	8,519
Net proceeds from sale of building held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,745	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from dispositions of other real estate owned
731	2,463	1,208	686	1,265	1,177	373	1,035	1,486	769	1,500	1,226	1,867	1,908	802	2,597	1,461	2,047	1,594	2,318	1,552	1,696	4,046	5,300	1,930	4,038	1,951	3,080	1,898	2,011	2,170	2,208	3,371	2,099	3,797	1,728	1,389
Proceeds from dispositions of bank premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	616	40	18	5	41	15	51	41	45	18	35	0	0	0	16	1	0	2	0	-	-	-	-
Purchases of bank premises and equipment
805	1,462	1,086	602	744	919	417	1,285	1,025	1,151	856	951	655	323	515	418	799	1,227	585	462	1,470	2,326	2,011	2,610	1,550	1,075	703	3,773	830	244	652	2,030	1,339	2,294	1,108	954	857
Net cash provided by (used in) investing activities
43,563	12,304	-106,266	-126,970	-27,827	-34,399	-69,803	-45,109	-24,509	-54,849	-32,811	-13,942	-43,282	-23,945	-78,469	-66,465	11,088	3,817	34,307	-76,237	-23,154	-28,556	14,419	-121,760	101,334	-39,421	-95,881	125,278	-166,251	68,274	18,610	-52,859	-140,410	3,252	-180,016	61,376	-111,216
Cash flows from financing activities:
Net increase in deposits
31,812	-11,151	-1,100	49,198	138,822	74,323	-55,346	20,190	61,754	7,964	-43,052	9,945	2,306	27,925	-12,389	38,139	42,110	3,585	-40,648	20,273	84,927	47,200	-10,146	7,969	60,147	32,703	1,492	35,196	53,487	27,740	-122,197	47,300	115,377	55,446	27,996	59,490	38,954
Net decrease in short-term borrowings
-576	-2,429	-15,651	6,968	-2,115	-14,484	-6,328	-21,205	-39,081	26,483	-17,113	12,675	11,540	30,202	-11,338	21,014	-21,698	6,821	13,655	-23,988	5,622	9,159	-1,559	-13,895	-8,751	18,936	8,901	5,306	11,173	-1,905	11,033	-8,284	11,439	4,482	14,274	-8,903	13,095
Proceeds from exercise of stock options
0	32	118	0	35	0	556	683	20	3,379	263	92	1,503	608	258	502	0	48	0	0	99	53	78	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock based award tax withholding payments
-	-	-	-	-	-	-	-	-	0	-333	21	312	-	-	32	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of treasury stock
0	0	597	600	594	609	592	596	594	602	622	623	633	489	651	652	655	649	660	686	675	703	708	716	723	720	720	733	735	737	730	722	724	710	722	729	739
Purchases of treasury stock
3,493	0	0	0	35	0	339	379	0	2,925	180	0	1,503	0	212	489	0	48	0	0	99	282	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
6,604	6,614	6,593	6,593	6,585	6,596	6,333	6,324	6,316	6,320	6,302	6,291	6,284	6,288	6,263	6,261	6,252	6,256	6,238	6,232	6,224	6,233	6,213	6,206	6,199	6,204	6,182	6,174	6,164	6,169	6,148	6,139	6,131	6,126	5,077	5,068	5,062
Net cash provided by financing activities
21,139	-20,162	-22,629	50,173	130,716	53,852	-67,198	-6,476	16,971	29,183	-65,429	17,023	7,883	52,936	-29,261	53,525	14,815	4,799	-32,571	-9,261	85,000	50,600	-17,132	-11,416	45,920	46,191	4,931	35,061	59,231	20,403	-116,582	33,599	121,409	54,512	105,493	46,248	47,726
Net increase in cash and cash equivalents
79,207	6,169	-109,478	-59,032	115,478	38,260	-121,167	-30,554	4,430	-11,457	-82,946	23,952	-24,083	42,846	-93,968	-1,782	42,022	20,084	19,487	-71,541	78,678	40,793	9,107	-111,582	150,086	27,395	-73,183	184,058	-99,242	101,372	-79,994	-2,843	-7,462	57,118	-45,051	130,288	-53,662
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for: [Abstract]
Interest paid
8,258	9,357	9,903	9,393	7,233	5,878	9,314	495	4,054	3,697	3,601	3,615	3,668	3,685	3,859	3,939	3,796	3,896	4,098	4,112	4,138	4,048	3,892	3,681	3,787	3,818	3,766	3,822	3,858	4,050	4,774	5,555	5,909	6,085	6,560	6,704	7,206
Income taxes paid
626	4,543	3,931	3,670	4,662	2,581	7,254	0	6,524	7,619	8,700	3,658	6,150	6,550	6,459	9,125	1,360	6,146	3,800	9,022	2,037	5,125	8,460	1,022	12,120	9,130	2,000	4,626	8,065	5,925	2,666	5,277	7,184	10,019	2,083	-236	6,958
Other non cash items:
Transfer of loans to other real estate owned
434	1,074	789	2,027	685	277	525	1,362	492	1,357	865	1,478	787	1,722	1,355	1,412	1,036	2,952	1,758	1,391	2,194	2,133	2,607	2,430	3,450	2,963	1,933	4,598	3,154	2,062	7,547	2,627	2,387	-	-	-	-
Transfer of other real estate owned to fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	568	-	-	-	-	-	-	-	-	-	-	-	1,824
Transfer of building to other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,189	0	0	0	-	-	-	-	-	-	-	-
The net change during the reporting period in cash disbursements due to share holders, representing the shareholders' declared portion of profits.
223	-232	6	5	6	5	243	6	7	7	5	10	7	6	8	8	7	8	6	6	4	8	7	7	7	8	8	9	9	9	8	9	8	17	1,036	9	7
Change in deferred tax effect on unrealized gain on securities available for sale
-2,487	-71	-628	-1,866	-1,192	-1,968	1,068	426	1,858	1,393	-376	-1,337	-472	6,237	50	-1,559	-3,214	2,702	-3,142	2,193	-1,222	-2,635	650	-4,517	-3,026	2,826	-583	11,064	1,173	1,685	-2,172	-1,003	-1,676	-89	1,698	-4,658	4
Change in unrealized (loss) gain on securities available for sale-gross of deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	1,179	-	-125	3,897	8,035	-6,763	7,855	-5,482	3,060	6,680	-1,645	11,429	7,449	-7,086	1,461	-27,747	-2,941	-4,227	5,447	2,516	4,203	221	-4,260	11,685	-12
Amortization of net actuarial gain and prior service credit on pension and postretirement plans
-215	-118	-118	-102	-133	-261	-262	-84	-49	-59	-49	-51	-40	-42	14	-28	56	39	66	82	-27	-24	162	-119	-117	52	51	36	66	-52	33	32	31	-44	-44	-170	81
Change in deferred tax effect of amortization of net actuarial gain and prior service credit on pension and postretirement benefit plans
56	30	31	26	35	67	68	22	13	-156	20	20	16	17	-6	12	-23	-15	-26	-33	11	9	-64	48	45	-21	-21	-15	-25	21	-14	-13	-12	125	-18	-67	32
Right-of-use assets obtained in exchange for lease obligations:
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of increase in operating lease liability.
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-