UNITY BANCORP INC /NJ/ UNTY Cash Flow

Unity bancorp inc /nj/ (UNTY)

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
OPERATING ACTIVITIES:
Net income
5,368	6,120	5,959	5,834	5,740	5,802	5,490	5,398	5,229	2,500	3,757	3,444	3,192	3,160	3,020	2,824	4,205	2,639	2,551	2,428	1,939	1,701	1,886	1,528	1,293	1,267	1,302	1,346	1,200	1,167	1,196	976	905	596	1,087	643	220
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for Loan and Lease Losses
1,500	500	750	350	500	500	500	550	500	500	500	400	250	200	420	400	200	100	200	0	200	850	550	550	600	800	600	300	650	800	1,000	1,000	1,200	1,150	1,400	1,750	2,500
Net amortization of purchase premiums and discounts on securities
-59	-63	-45	-44	-37	-50	-62	-55	-53	-74	-79	-64	-73	-75	-99	-80	-92	-105	-130	-139	-140	-132	-150	-140	-130	-163	-151	-191	-208	-189	-180	-241	-217	-198	-113	-119	-146
Depreciation and amortization
317	475	349	674	121	578	464	516	379	167	274	548	249	102	128	257	247	37	141	186	166	483	292	213	397	306	302	294	365	359	377	352	270	255	64	419	302
Deferred income tax (benefit) expense
-347	119	-156	-344	82	75	-794	-579	36	1,780	-152	-77	-5	95	5	-132	142	196	-174	253	92	114	91	49	244	164	202	55	-32	189	566	64	-36	8	-151	614	-467
Net security gains
301	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net security gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	81	94	-	-	-	-	55	0	268	110	23	33	108	226	59	7	283	224	-50	266	-38	125
Gain (Loss) on Repurchase of Debt Instrument
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense
365	339	328	321	283	267	258	263	265	175	181	178	212	127	147	139	132	107	117	119	107	92	100	106	100	90	81	86	83	76	77	74	83	76	68	42	35
(Gain) loss on sale of OREO
-	-	-	-	-	-	-	-	-	8	0	0	-253	0	27	-44	88	-	-	-	-	0	-39	0	-99	-	-	-	-	-8	-245	51	117	-	-	-	-
Valuation writedowns on OREO
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	-	-	-	-	-	-	-	-
Gain on sale of mortgage loans held for sale, net
622	806	718	361	258	235	473	326	356	319	539	387	454	364	463	489	294	230	533	567	344	247	270	186	220	311	314	548	477	-	-	-	-	-	-	-	-
Gain on sale of mortgage loans held for sale, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	748	662	453	411	445	250	87	169
Gain on sale of SBA loans held for sale, net
473	355	0	238	316	297	253	583	547	269	385	478	485	515	639	637	308	533	308	0	363	342	296	254	83	21	280	86	241	261	46	224	157	114	338	399	111
Origination of mortgage loans held for sale
38,562	41,964	35,187	23,591	19,431	15,425	38,803	6,369	20,132	15,904	23,836	16,694	25,654	31,452	25,616	26,037	25,015	16,348	35,727	27,150	15,034	14,128	16,469	11,149	17,448	15,843	14,064	25,926	22,599	33,975	30,059	20,267	21,242	26,752	13,337	6,021	9,671
Origination of SBA loans held for sale
2,595	1,940	2,827	3,067	2,412	1,792	3,294	917	3,507	7,162	7,365	7,416	2,451	6,546	12,196	7,440	3,734	6,535	6,142	4,545	5,321	1,236	4,749	3,119	890	780	1,263	2,149	1,911	1,727	2,063	397	2,240	705	630	8,746	601
Proceeds from sale of mortgage loans held for sale, net
39,184	42,770	35,905	23,952	19,689	15,660	39,276	6,695	20,488	16,223	24,375	17,081	26,108	31,816	26,079	26,526	25,309	16,578	36,260	27,717	15,378	14,375	16,739	11,335	17,668	16,154	14,378	26,474	23,076	34,723	30,721	20,720	21,653	27,197	13,587	6,108	9,840
Proceeds from sale of SBA loans held for sale, net
5,850	6,139	0	3,118	6,511	5,342	5,081	7,194	6,322	3,963	4,731	5,793	6,511	6,878	8,396	7,804	3,759	7,758	3,710	0	3,829	4,311	3,500	2,523	1,011	22	3,421	986	2,533	2,365	488	2,549	2,050	2,305	5,437	5,324	1,177
BOLI income
173	153	138	146	151	165	464	175	171	180	111	90	88	95	96	93	94	96	95	95	94	-34	401	96	96	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-43	3	17	-	-	-	-
Net change in other assets and liabilities
-1,714	2,313	-5,014	2,040	-819	651	-592	-2,075	952	-174	-456	-1,509	905	59	528	484	-1,710	685	373	-867	134	-424	-425	-108	565	-14	-784	-1,346	674	-455	368	-1,566	-200	2,803	-5,017	1,500	-257
Net cash provided by operating activities
11,484	8,176	9,308	4,506	11,214	9,713	7,486	13,784	7,607	-	-	-	6,806	-	-	-	3,905	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,343	-268	-654	561	6,520	1,587	1,480	2,130	1,731	5,391	2,298	2,025	3,591	1,342	5,972	2,402	2,519	12,050	-1,548	3,333
INVESTING ACTIVITIES
Purchases of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	0	213	11,109	0	-	-	-	-	-	-	-	-	1,293	326	0	8,252	-	-	-	-	-	-	-	-
Purchases of debt securities available for sale
-	-	-	-	-	-	-	-	-	-	162	10,225	15,495	1,008	4,082	2,107	2,142	-	-	-	-	0	0	0	9,947	3,273	6,589	6,188	13,086	6,533	0	694	32,108	8,871	7,579	11,732	10,953
Purchases of FHLB stock, at cost
22,275	27,383	20,272	22,694	20,295	20,318	19,642	18,317	13,838	11,272	4,127	1,784	225	270	900	1,617	1,395	6,030	968	5,970	3,600	2,252	1,867	2,651	1,800	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and principal payments on securities held to maturity
0	108	112	324	89	439	440	382	132	3,027	540	519	192	636	742	527	296	536	831	795	555	796	1,182	1,551	3,060	858	1,373	1,164	1,446	1,027	1,888	963	855	814	591	2,022	3,584
Maturities and principal payments on debt securities available for sale
2,198	1,783	1,352	1,347	959	1,370	1,488	1,266	1,272	2,370	2,010	5,229	3,611	1,402	1,978	1,598	3,949	1,681	2,200	2,273	2,141	1,954	2,549	2,824	2,536	2,840	6,050	7,628	5,692	6,495	7,449	9,360	7,363	7,908	8,617	8,946	9,922
Proceeds from sales of securities available for sale
6,029	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of equity securities
111	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	2,659	3,219	4,030	2,564	-	-	-	-	4,210	0	15,024	2,895	23	2,673	4,179	5,303	1,465	0	3,814	2,824	0	12,850	5,101	5,172
Proceeds from redemption of FHLB stock
27,405	24,097	19,373	22,815	20,970	18,968	21,442	16,380	17,393	5,738	3,900	675	270	0	225	1,260	1,260	5,940	2,093	7,717	2,250	1,127	3,338	2,025	1,440	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of OREO
-	-	-	-	-	1	0	13	426	240	248	525	21	678	106	294	1,224	2,674	554	466	578	370	623	1,864	487	973	179	263	704	240	1,479	406	1,640	-	-	-	-
Net increase in loans
17,277	61,088	22,705	32,542	12,541	24,683	38,520	57,346	26,674	74,188	43,628	44,493	31,283	24,344	30,768	28,663	-1,078	36,401	31,109	33,122	22,831	21,466	35,843	25,051	8,779	18,953	42,355	24,832	11,051	-7,294	-6,786	26,881	-8,596	-5,947	-3,548	-1,345	1,246
Proceeds from BOLI
117	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of premises and equipment
166	55	367	178	109	373	361	464	309	752	306	241	210	1,405	2,189	1,458	4,543	115	160	184	492	71	209	256	61	303	139	4,251	96	324	155	116	1,222	990	237	376	112
Net cash used in investing activities
-3,858	-65,640	-25,620	-30,928	-10,927	-26,309	-34,660	-58,086	-21,598	-	-	-	-43,119	-	-	-	2,291	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,038	-12,052	419	19,009	7,898	6,367
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33,968	-26,823	-28,499	-21,399	-15,459	-30,101	-4,670	-10,169	-20,568	-37,559	-26,575	-19,340	-	-	-	-	-	-	-	-
FINANCING ACTIVITIES
Net increase in deposits
128,504	-23,248	9,009	37,767	18,899	-11,786	73,074	28,885	74,377	-495	39,665	23,264	34,980	12,403	21,122	-14,621	32,326	28,246	50,820	25,986	-4,900	12,421	53,837	-39,541	28,926	11,586	98,743	-23,748	3,357	15,633	16,684	-26,658	-870	-10,200	13,004	-15,609	1,988
Proceeds from new borrowings
109,000	73,000	20,000	15,000	175,000	30,000	-10,000	69,000	121,000	123,000	20,000	42,000	35,000	6,000	11,000	39,000	20,000	22,000	-25,000	-30,000	80,000	25,000	-25,000	10,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
223,000	0	0	20,000	190,000	0	30,000	30,000	215,000	0	10,000	20,000	36,000	0	10,000	20,000	17,000	20,000	0	10,000	50,000	0	0	0	32,000	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,891	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Stock Options Exercised
34	29	61	197	166	76	108	101	290	148	89	135	134	415	29	105	0	-	-	-	-	8	0	0	62	-	-	-	-	16	136	0	21	4	3	441	2
Fair market value of shares withheld to cover employee tax liability
172	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	69	258	258	258	258	258	258	258	258	258	258
Dividends on common stock
841	848	838	839	730	735	727	697	643	614	593	680	493	499	394	316	315	321	314	236	238	240	233	144	140	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
172	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
13,353	48,720	28,232	32,125	3,335	17,555	32,455	67,290	-19,976	-	-	-	33,622	-	-	-	32,120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,916	-1,107	-10,454	12,749	-15,426	1,732
Increase in cash and cash equivalents
20,979	-8,744	11,920	5,703	3,622	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,925	25,506	-14,250	24,862	37,171	34,765	-29,685	36,848	43,515	50,584	611	3,099	-	-	-	-	-	-	-	-
Increase (Decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-33,967	-	15	1,611	-2,691	21,225	-11,407	-30,396	38,316	-700	-1,585	-43,403	4,024	28,232	6,251	-32,875	28,809	24,678	18,416	-23,666	-14,216	21,629	34,728	-33,982	-10,757	-7,516	43,808	-9,076	11,432
SUPPLEMENTAL DISCLOSURES
Interest paid
4,559	4,513	4,646	4,576	4,271	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	2,794	-	-	2,322	2,229	-	2,130	2,168	2,259	2,014	1,892	1,908	1,859	1,915	1,849	1,786	1,735	1,679	1,616	1,594	1,620	1,795	1,850	1,943	2,275	2,470	2,636	2,723	2,755
Income taxes paid
1,782	2,265	1,825	4,080	52	1,700	2,130	650	1,461	2,500	1,225	1,400	1,877	2,080	2,400	1,775	1,337	1,502	1,421	1,000	868	725	450	610	459	480	435	1,131	481	30	200	350	389	250	11	11	334
Noncash investing activities:
Establishment of lease liability and right-of-use asset
0	-	-	-	2,765	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of SBA loans held for sale to held to maturity
1,024	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of SBA loans held for sale to held to maturity
1,024	-	-	-	0	-	-	-	-	0	0	0	13	0	0	0	0	-	-	-	-	55	0	-28	111	-	-	-	-	-	-	-	-	-	-	-	-
Capitalization of servicing rights
486	428	-213	217	211	230	282	185	241	27	-1	-30	176	339	298	306	529	173	514	160	80	157	68	65	193	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to OREO
0	0	1,175	648	328	0	21	0	106	0	476	0	396	437	80	621	852	2,754	0	803	1,391	1	1,385	512	2,420	-	-	-	-	788	745	1,677	350	-	-	-	-
Purchase of leased branch locations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,893	-	-	-	-	-	-	-	-
Transfer of loans to OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,364	2,662	780	605