UNION BANKSHARES INC UNB Cash Flow

Union bankshares inc (UNB)

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
2,196	2,759	2,738	2,530	2,621	-436	2,311	2,450	2,747	1,922	2,370	2,227	1,930	2,345	2,268	2,139	1,759	1,927	2,050	2,017	1,884	1,885	2,126	1,919	1,764	1,528	2,073	1,797	1,737	2,198	1,981	1,438	1,227	1,733	1,427	1,031	1,028
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation
476	445	423	362	337	330	300	285	301	309	303	304	307	288	329	318	320	295	283	275	227	268	245	237	226	223	215	225	239	246	236	205	200	186	169	160	177
Provision for loan losses
300	425	150	150	50	150	150	150	0	-	-	-	-	0	0	75	75	150	150	150	100	45	150	75	75	75	95	75	60	150	150	180	180	325	150	150	150
Deferred income tax provision
10	464	0	-34	8	-451	5	-103	41	767	-111	4	333	307	-52	4	307	248	104	-7	-4	-13	-97	-9	82	24	419	-3	141	-68	-226	-336	-156	318	-136	315	98
Net amortization of premiums on investment securities
-113	-185	-132	-86	-87	-96	-101	-100	-93	-109	-92	-109	-113	-123	-73	-104	-84	-63	-54	-51	-46	-38	-30	-20	-17	-13	-12	-12	-12	-11	-24	-21	-26	-24	-14	-11	-14
Equity in losses of limited partnerships
188	211	211	161	162	163	159	129	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses of limited partnerships
-	-	-	-	-	-	-	-	-	-	157	157	157	-	155	118	118	119	117	126	122	308	164	164	164	172	173	173	172	172	173	157	158	148	130	131	106
Stock based compensation expense
76	21	54	47	43	-3	41	41	41	2	34	34	34	17	16	17	16	6	9	8	12	4	5	6	5	3	3	3	3	2	0	2	4	4	4	1	0
Net increase in unamortized loan costs
-13	-55	-4	-33	-13	-47	-45	-49	-2	-46	-41	-64	5	0	-47	-56	-31	-24	-40	-63	-33	-60	-57	-79	11	-24	-16	24	-15	25	-2	-11	26	35	-2	-7	-15
Proceeds from sales of loans held for sale
43,322	57,955	45,497	35,931	21,779	34,016	34,397	26,760	23,384	32,283	32,570	30,620	29,041	37,230	41,594	36,236	23,383	29,936	35,286	37,307	32,049	22,662	30,888	22,672	20,767	25,698	32,282	33,105	34,345	38,875	41,598	26,529	22,865	30,682	20,328	14,017	16,912
Origination of loans held for sale
51,524	50,822	49,251	38,584	24,153	28,933	35,834	28,815	18,080	34,014	32,182	32,582	23,577	34,117	44,138	35,485	23,973	27,658	36,338	33,769	28,834	26,837	29,638	25,414	19,906	24,803	31,502	26,154	33,492	33,399	40,510	28,882	29,588	30,752	20,966	14,185	13,747
Net gains on sales of loans held for sale
812	1,014	824	683	374	525	596	431	295	541	657	597	508	702	921	775	500	657	700	785	729	503	653	508	433	514	541	583	667	1,172	1,301	668	473	576	483	339	168
Net gain on disposals of premises and equipment
-	-	-	-	-	-23	0	0	191	-21	0	0	-13	-13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	15	-1	0	-2	1	0
Net gains on sales of investment securities available-for-sale
11	17	0	4	4	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	19	234	19	43	0	0	-4	3	629	0	2	42	0	173	10	0
Decrease (increase) in other investments
-109	-	-	-	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of impaired assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	0	25	11	19	312	66	11	115	16	105	42
Net gain on sales of other real estate owned
-	-	-	-	-	0	0	0	11	0	0	0	0	-	-	-	-	-	-	-	-	0	128	16	-10	0	13	0	-5	151	-7	0	-6	26	88	1	18
Increase in accrued interest receivable
275	232	220	-578	248	242	232	-130	-32	304	167	-13	-217	297	-41	-75	246	-56	66	-260	228	31	82	-251	329	-2	92	-240	274	-299	107	-155	76	182	-105	-114	90
Amortization of core deposit intangible
43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	42	43	43	43	43	43	14	0
Decrease in other assets
-209	-741	603	529	-281	427	-2,565	3,226	-403	833	947	-377	-80	799	-232	687	-52	282	305	750	50	-1,910	-119	417	-237	2,169	220	-343	-536	537	-42	217	-366	-2,016	807	1,450	-91
Contribution to defined benefit pension plan
-	-	-	-	-	-	-	-	-	0	0	0	750	0	0	0	750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in other liabilities
-1,339	-796	878	1,108	492	-1,469	408	346	474	-661	548	-41	419	-771	1,361	-543	668	-868	497	-73	-729	-1,996	30	52	-119	2,222	-190	467	-206	-119	734	589	322	31	-231	669	431
Net cash (used in) provided by operating activities
-6,932	10,312	-776	1,194	1,046	6,908	2,923	-2,190	9,120	-722	2,138	595	7,857	3,853	901	1,565	1,325	3,354	1,078	4,822	3,876	-2,274	2,930	-1,023	2,571	2,634	2,741	9,796	2,647	5,964	3,154	-746	-4,900	3,374	-498	-529	5,011
Cash Flows From Investing Activities
Interest bearing deposits in banks
Proceeds from maturities and redemptions
498	497	249	1,242	996	1,941	249	598	996	498	0	1,396	2,988	249	709	2,390	896	747	694	1,595	543	1,801	2,843	3,931	1,848	2,631	2,686	2,592	1,787	1,594	4,815	2,490	1,836	1,794	2,183	2,039	1,969
Purchases
0	0	0	0	249	1,494	0	993	1,245	1,494	0	1,244	1,992	0	249	250	497	747	746	1,194	1,393	1,941	1,242	1,389	490	682	-14	2,579	2,140	3,882	2,422	1,035	1,298	5,620	6,474	4,877	993
Investment securities held-to-maturity
Proceeds from maturities, calls and paydowns
-	-	-	-	-	0	0	0	1,000	0	0	0	0	-	-	-	-	0	0	0	2,000	2,429	0	3,571	0	0	0	0	500	0	0	3,000	1,000	1,000	500	500	0
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000	1,998	0	1,220	2,996	3,500	1,996	0	0	-	-	-	-
Investment securities available-for-sale
Proceeds from sales
3,076	1,550	0	2,275	6,510	1,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	97	2,897	1,964	2,462	2	3	505	510	12,341	1	501	789	1	1,667	658	0
Proceeds from maturities, calls and paydowns
3,980	4,918	3,121	1,866	1,580	1,371	1,412	1,271	1,539	1,616	2,077	1,537	1,696	1,351	1,786	2,667	3,950	1,817	325	2,146	2,732	460	1,122	2,625	100	1,291	650	1,162	1,636	3,318	2,495	8,913	2,718	5,286	4,008	1,155	685
Purchases
7,851	8,978	8,019	3,641	13,092	3,381	3,952	2,743	6,358	13,923	2,610	917	3,551	9,337	7,610	5,487	6,664	5,929	4,540	2,534	14,413	2,257	7,520	5,364	6,780	8,490	570	3,410	8,539	3,420	514	974	3,834	11,822	5,164	12,163	2,277
Proceeds from sales of other investments
-	-	-	-	-	0	0	0	44	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of other investments
-	-	-	-	-	-41	38	58	24	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of nonmarketable stock
-	-	-	-	-	-	-	-	-	-	246	272	0	-	334	288	488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of nonmarketable stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	253	323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in nonmarketable stock
599	0	27	-9	213	-422	-1,136	1,499	105	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	0	253	-176	-	0	121	-121	-	-	-	0
Net increase in loans
6,341	12,439	52,444	-44,276	7,578	6,264	61,269	-16,581	5,051	7,765	42,804	-1,299	4,298	10,932	19,907	-10,119	12,227	2,639	25,267	-20,253	13,060	-907	25,837	-17,374	11,813	-10,101	27,037	5,851	-5,146	-4,420	28,997	-4,131	1,180	1,028	24,407	-2,211	-7,169
Recoveries of loans charged off
23	0	0	6	4	21	13	1	3	115	43	4	6	24	4	26	5	39	19	21	4	12	10	7	13	45	16	15	11	6	8	19	10	-	-	-	-
Recoveries of loans charged off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19
Purchases of premises and equipment
81	347	1,671	2,854	1,545	679	875	1,159	357	1,341	314	265	67	649	616	371	302	491	208	725	865	967	439	467	297	132	800	105	254	207	274	131	1,406	397	402	467	231
Investments in limited partnerships
826	126	583	862	358	-1	0	695	0	27	222	30	186	-27	975	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	199	204	486	595	238	919	0
Purchase of Company-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of Company-owned life insurance death benefit
-	-	-	-	-	0	0	0	307	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
-	-	-	-	-	0	0	0	47	0	0	0	0	-	-	-	-	-	-	-	-	0	171	323	42	35	196	0	367	753	590	0	32	79	-187	450	175
Proceeds from sales of premises and equipment
-	-	-	-	-	0	0	0	204	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-8,121	-15,003	-62,369	42,256	-13,945	-6,961	-63,324	11,304	-9,000	-11,874	-41,018	2,953	-5,404	-18,464	-22,208	14,952	-15,004	-6,536	-18,505	19,647	-29,452	187	-27,995	22,575	-16,915	2,803	-24,842	-9,144	-3,796	11,435	-26,493	16,608	-1,698	-13,349	-29,797	13,999	6,516
Cash Flows From Financing Activities
Advances on long-term borrowings
-	-	-	-	-	-157,175	80,000	77,175	7,000	0	10,000	0	0	-1	20,382	70	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
0	-110,000	50,217	70,070	10,000	-137,175	111,000	39,868	6,072	71	10,070	68	70	2,669	77	76	76	75	73	74	72	72	3,341	89	87	902	95	756	179	11,721	190	195	483	216	3,931	245	247
Net increase in short-term borrowings outstanding
15,000	40,000	0	-20,333	19,963	5,831	3,951	467	-1,244	-868	-3,805	4,736	202	-3,248	-10,600	5,931	7,395	-7,782	-13,107	12,088	3,541	250	-6,478	11,098	621	-72	-7,893	6,402	-1,036	1,712	-37	-3,103	-1,251	3,214	-5,846	5,923	-1,847
Net increase (decrease) in noninterest bearing deposits
3,529	-805	9,229	172	-5,133	6,375	15,612	-17,967	1,127	8,621	11,034	-1,918	-2,297	-3,997	12,463	1,975	2,117	-3,788	9,184	-2,768	6,813	-4,219	13,464	-8,398	2,291	-1,476	8,835	-412	-3,415	4,471	4,731	-998	-1,145	1,128	7,093	3,514	-3,164
Net decrease in interest bearing deposits
-8,997	39,294	54,001	-60,252	-18,825	36,757	47,383	-31,445	-26,594	30,914	31,166	-12,910	-12,632	31,707	16,974	21,746	1,453	1,257	5,912	-198	510	5,278	6,464	9,781	11,585	4,389	-951	-473	-6,856	-3,999	28,186	6	10,254	-238	44,880	-34,232	14,750
Net (decrease) increase in time deposits
-2,499	-11,191	699	12,507	17,561	-4,085	25,841	4,456	1,736	1,415	-199	-2,614	-666	-2,236	-5,215	-34,761	-4,974	19,054	15,810	-30,863	-12,579	19,967	20,254	-28,184	-14,573	8,092	25,448	-21,338	-3,482	4,705	12,492	-17,611	-4,538	1,024	-10,188	12,648	-4,227
Issuance of common stock
22	0	22	0	22	0	0	0	0	-	-	-	-	0	0	29	27	0	0	53	0	-	-	-	-	0	30	13	20	0	0	12	0	0	0	0	26
Purchase of treasury stock
0	0	0	0	13	104	0	0	3	17	16	18	9	0	0	2	4	3	65	0	26	0	3	40	2	0	2	6	13	23	0	0	13	0	0	0	0
Dividends paid
1,424	1,373	1,378	1,377	1,373	1,332	1,332	1,332	1,332	1,287	1,287	1,288	1,289	1,244	1,245	1,247	1,203	1,204	1,204	1,204	1,204	1,158	1,160	1,159	1,160	1,158	1,116	1,114	1,114	1,114	1,115	1,114	1,114	1,114	1,115	1,114	1,114
Net cash provided by financing activities
5,631	25,925	67,356	-44,353	2,202	23,442	60,455	-8,514	-25,382	38,707	36,842	-14,080	-16,761	18,312	32,682	-6,335	9,735	7,459	16,457	-22,966	-3,017	20,046	29,206	-16,958	-1,325	8,873	26,256	-17,684	-16,075	-5,969	46,067	-23,003	1,710	3,798	30,893	-13,506	4,177
Net decrease in cash and cash equivalents
-9,422	21,234	4,211	-903	-10,697	23,389	54	600	-25,262	26,111	-2,038	-10,532	-14,308	3,701	11,375	10,182	-3,944	4,277	-970	1,503	-28,593	17,959	4,141	4,594	-15,669	14,310	4,155	-17,032	-17,224	11,430	22,728	-7,141	-4,888	-6,177	598	-36	15,704
Supplemental Disclosures of Cash Flow Information
Interest Paid
1,925	-	-	-	1,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	734	647	601	576	532	540	565	464	842	368	381	373	912	394	411	428	862	445	496	512	875	581	706	738	1,144	818	855	969	1,254	864
Income taxes paid
0	225	325	250	0	200	425	925	0	-	-	-	-	530	175	575	225	580	450	810	200	775	500	670	0	600	100	600	50	725	775	650	75	75	0	600	50
Supplemental Schedule of Noncash Investing Activities
Supplemental Schedule of Noncash Investing and Financing Activities
Investment in limited partnerships acquired by capital contributions payable
2,722	-126	-584	1,203	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	486	-238	-308	953
Right-of-use operating lease assets obtained in exchange for operating lease liabilities
0	1,486	0	-1,486	2,002	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use finance lease assets obtained in exchange for finance lease liabilities
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on Common Stock:
Dividends declared
1,432	1,385	1,385	1,385	1,385	1,339	1,340	1,339	1,340	1,294	1,294	1,294	1,294	1,248	1,249	1,249	1,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends reinvested
8	12	7	8	12	7	8	7	8	7	7	6	5	4	4	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
1,424	1,373	1,378	1,377	1,373	1,332	1,332	1,332	1,332	1,287	1,287	1,288	1,289	1,244	1,245	1,247	1,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-