Valley National Bancorp VLYPP Cash Flow

Valley national bancorp (VLYPP)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
283,731	309,793	348,791	336,459	332,793	261,428	210,424	180,514	157,777	161,907	185,899	189,092	178,054	168,146	122,727	115,839	108,803	102,957	123,421	115,149	112,678	116,172	130,645	130,084	134,486	131,961	129,182	141,508	140,406	143,627	130,473	126,383	130,457	132,511	145,830	143,112	139,228	130,006	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
55,253	53,317	45,516	39,011	33,105	27,554	26,804	26,079	25,832	24,845	24,246	24,540	24,274	24,431	24,462	23,292	22,421	21,082	20,116	19,679	19,571	19,465	19,635	19,842	19,735	19,712	19,653	19,408	18,969	18,477	17,776	17,258	16,815	16,380	16,094	15,968	15,930	15,850	0	0	0
Stock-based compensation
14,377	14,726	15,136	15,601	16,110	19,472	18,481	17,485	15,472	12,204	12,213	11,720	11,790	10,032	8,445	8,873	7,465	7,575	8,419	7,530	7,790	7,489	6,894	6,573	6,342	6,055	5,743	5,442	5,264	4,816	4,437	4,581	3,917	3,156	4,668	4,213	4,478	4,830	0	0	0
Provision for credit losses
50,901	24,218	26,659	24,511	29,553	32,501	26,842	21,930	18,420	9,942	11,542	15,742	13,539	11,869	11,576	5,830	8,901	8,101	8,574	8,057	-2,114	1,884	4,344	10,101	18,324	16,095	14,855	16,771	21,624	25,552	35,716	36,249	34,870	53,335	53,070	54,595	61,007	49,456	0	0	0
Net amortization of premiums and accretion of discounts on securities and borrowings
28,637	29,512	33,776	35,529	37,519	38,454	55,132	52,192	48,798	46,346	27,634	28,629	26,155	24,310	18,637	16,608	17,907	22,080	26,220	25,711	28,605	26,949	15,528	16,654	17,207	16,229	24,816	24,036	22,076	21,124	19,568	17,189	13,780	11,871	10,804	11,687	11,328	12,443	0	0	0
Amortization of Intangible Assets
19,280	18,080	18,016	18,016	18,423	18,416	16,020	13,818	11,773	10,016	10,471	10,648	11,014	11,327	10,900	10,457	9,625	9,169	9,742	9,711	9,961	9,919	9,362	9,425	9,006	8,258	8,391	8,823	9,428	9,783	9,392	10,047	9,311	9,315	8,083	7,334	7,983	7,721	0	0	0
Losses on securities transactions, net
-158	-150	-1,576	-1,562	-1,609	-2,342	-905	-820	-762	-20	524	508	483	777	264	431	342	2,487	3,124	3,070	3,169	745	10,772	10,678	10,712	14,678	4,052	5,539	6,702	2,587	14,577	13,944	29,232	32,068	27,001	26,250	13,414	11,598	0	0	0
Proceeds from sales of loans held for sale
1,815,673	1,743,470	740,854	671,837	546,812	687,983	921,336	948,463	889,890	813,855	719,472	690,130	678,857	572,439	387,517	277,362	161,129	144,790	104,612	81,878	91,249	85,452	126,712	204,042	662,187	1,083,297	1,432,262	1,737,086	1,333,367	999,380	691,622	391,816	352,821	366,769	469,130	399,599	405,306	385,997	0	0	0
Gains on sales of loans, net
18,888	18,914	16,072	14,626	18,338	20,515	24,518	26,290	23,439	20,814	26,746	26,049	24,363	22,030	10,934	8,125	5,442	4,245	3,268	1,159	1,416	1,731	3,037	5,861	19,548	33,695	47,791	70,117	58,892	46,998	34,001	11,836	10,256	10,699	15,564	14,222	13,680	12,591	0	0	0
Net impairment losses on securities recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,968	825	825	2,874	4,642	0	0	0
Originations of loans held for sale
596,402	537,985	437,460	160,115	267,991	406,087	550,520	736,664	559,268	444,290	284,117	409,065	485,646	425,713	391,043	272,658	169,361	134,328	110,254	70,688	82,195	91,463	118,984	160,205	526,466	953,125	1,256,476	1,573,048	1,269,374	923,182	649,247	656,241	515,615	322,281	379,461	324,158	342,829	323,710	0	0	0
Gains on sales of assets, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Assets for Financial Service Operations
-	-	-	-	-	-	0	0	-158	-	-10	206	1,334	1,358	3,862	2,994	2,485	2,776	17,799	18,440	18,516	18,087	11,758	10,665	11,067	10,947	-1,412	-207	-629	-329	527	511	401	426	619	518	590	619	0	0	0
FDIC loss-share receivable (excluding reimbursements)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34	-	-12,562	-16,330	-24,636	-20,792	-12,857	-11,039	-5,328	-8,427	-7,137	-5,522	-10,544	-7,459	-6,088	-7,275	-2,922	13,403	0	0	0	-	-	-	-
Net change in:
Trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,233	-14,186	-14,221	-14,255	-31	-84	51	-7,872	-7,893	-7,834	-7,869	-63	219	658	-62	-10,197	-9,956	-10,642	-10,504	-799	-1,056	0	0	0
Fair value of borrowings hedged by derivative transactions
-	-	-	-	-	-	-	-	-	-	-	-	985	6,158	4,849	9,311	3,411	1,473	0	0	0	-	-	-	-	731	-1,838	352	-1,642	-2,574	870	171	2,873	-1,256	-703	2,047	-314	5,841	0	0	0
Cash surrender value of bank owned life insurance
9,487	8,232	8,510	8,368	8,815	8,691	8,593	7,589	6,638	7,338	6,935	7,077	7,194	6,694	7,091	7,214	7,014	6,815	6,987	6,752	6,748	6,392	6,237	6,219	6,029	5,962	5,908	6,029	6,237	6,855	7,070	7,385	7,633	7,380	6,733	6,441	6,329	6,166	0	0	0
Accrued interest receivable
-5,150	-1,440	4,616	10,910	13,918	9,183	8,480	6,300	6,436	7,174	8,248	4,539	5,272	3,262	2,542	3,174	2,642	2,480	195	836	-1,488	-423	657	347	112	1,589	-2,660	-1,737	-2,644	-5,446	-2,594	-17	-2,211	3,069	5,907	293	4	-93	0	0	0
Other assets
526,189	163,330	258,254	164,355	91,615	33,145	89,420	111,296	30,770	57,353	-41,435	-63,869	-46,434	-47,458	38,737	63,988	36,977	71,263	75,181	46,936	39,508	-15,867	1,583	20,361	35,958	19,199	11,478	7,464	38,324	-49,345	-53,506	-35,292	-58,593	34,977	-17,970	-5,453	-26,605	-9,569	0	0	0
Accrued expenses and other liabilities
115,096	57,882	90,921	74,689	72,945	-7,562	11,645	4,549	19,971	121	-31,890	-44,279	-63,451	-24,313	9,032	32,363	27,299	31,410	33,670	16,288	30,478	-14,868	-17,122	-10,203	-19,255	-4,428	1,864	1,189	4,760	-13,257	-28,556	-8,244	-11,624	9,746	13,639	-38,226	-39,124	-6,872	0	0	0
Net cash (used in) provided by operating activities
1,254,671	1,463,950	510,733	774,984	601,008	593,589	684,770	454,433	639,604	619,230	701,128	569,180	429,953	419,177	156,745	154,479	155,791	154,929	160,803	178,433	202,645	183,976	186,696	211,824	280,228	285,364	356,664	340,848	222,248	323,311	245,685	226,437	238,804	191,337	315,844	245,625	294,323	279,014	0	0	0
Cash flows from investing activities:
Net loan originations and purchases
2,712,775	2,538,909	2,779,291	3,091,661	3,276,282	3,257,939	2,542,137	1,868,933	1,569,949	1,418,073	1,803,682	1,627,931	1,607,866	1,379,431	2,044,489	1,828,267	1,727,445	1,754,689	769,221	920,774	749,987	778,300	678,627	899,766	724,019	368,724	83,679	-546,335	-178,323	203,354	488,854	664,929	431,863	444,207	147,194	217,135	51,569	-359,117	0	0	0
Equity securities:
Equity securities:
Purchases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	128,684	79,268	239,566	231,008	237,590	197,472	29,512	136,241	0	0	0	-	-	-	-	-	-	-	-
Held to maturity debt securities:
Purchases
727,401	701,879	362,323	426,007	289,446	264,721	313,230	260,286	221,141	220,356	293,642	419,880	637,362	669,157	540,760	380,433	177,590	239,608	240,474	286,150	365,697	397,186	468,469	463,012	685,414	619,299	611,073	661,287	419,603	360,614	349,682	545,563	616,184	683,056	968,559	761,868	869,118	993,407	0	0	0
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,666	11,666	11,666	11,666	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities, calls and principal repayments
474,851	424,475	327,590	275,203	251,015	241,077	266,410	254,454	272,015	290,929	301,969	348,728	344,000	325,766	324,478	327,857	375,594	402,485	400,434	370,858	339,511	347,531	348,227	376,164	424,974	473,362	516,839	659,174	705,433	705,487	738,343	573,004	566,269	582,999	655,290	716,732	657,171	644,810	0	0	0
Available for sale debt securities:
Purchases
268,880	30,392	70,220	50,328	115,507	289,554	357,226	398,244	378,433	411,788	415,340	499,770	584,611	679,530	1,113,486	1,000,066	888,614	594,327	46,404	46,026	30,485	28,415	26,275	14,625	102,336	289,181	510,300	690,325	599,398	455,601	238,501	156,008	156,008	473,119	509,089	443,431	457,108	321,318	0	0	0
Sales
-	-	-	-	-	44,377	41,352	41,352	41,352	2,727	2,701	2,701	2,701	4,782	128,699	128,699	128,747	140,640	70,600	76,047	75,999	62,025	58,049	52,694	53,635	57,003	40,295	203,221	252,530	257,497	256,845	220,210	454,834	552,486	568,951	442,568	295,554	425,473	0	0	0
Maturities, calls and principal repayments
359,361	316,024	249,338	239,441	239,524	255,031	254,775	242,131	214,999	204,684	211,252	194,874	551,659	867,998	828,158	821,906	470,792	142,588	162,747	157,271	142,270	153,673	135,908	155,723	187,903	183,006	206,060	219,904	225,803	248,721	275,540	311,292	289,009	280,046	271,368	235,640	300,618	327,316	0	0	0
Death benefit proceeds from bank owned life insurance
10,100	9,560	8,028	2,918	4,304	4,220	4,974	13,743	11,651	13,089	10,661	4,404	4,404	2,406	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,689	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of real estate property and equipment
13,479	109,043	108,253	100,513	102,324	7,786	8,305	12,308	11,765	9,357	10,034	18,236	21,611	20,560	31,594	25,381	23,229	23,861	37,553	40,814	41,934	43,360	18,871	21,632	23,027	18,034	19,068	11,772	7,045	9,337	6,118	5,057	6,536	4,864	0	0	0	-	-	-	-
Proceeds from sales of loans held for investment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate property and equipment
28,793	23,375	25,313	22,965	25,997	26,440	21,656	17,952	16,750	18,117	16,893	18,330	18,756	20,707	28,056	40,287	38,402	34,040	26,895	17,450	19,405	21,862	23,500	21,542	17,106	14,852	16,983	21,156	22,347	22,735	19,666	17,296	17,264	16,402	15,746	16,973	14,082	14,599	0	0	0
(Payments to) reimbursements from the FDIC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,450	11,618	8,960	5,582	10,917	-1,336	796	3,812	4,847	15,263	19,155	21,935	20,576	13,163	17,792	28,372	0	0	0	-	-	-	-
Cash and cash equivalents acquired in acquisitions
-	-	-	-	-	156,612	156,612	156,612	156,612	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,587	0	0	0	-	-	-	-	44,228	0	0	0
Net cash used in investing activities
-2,651,116	-2,131,341	-2,538,186	-2,967,134	-3,004,337	-3,129,551	-2,501,821	-1,824,815	-1,477,879	-1,547,548	-1,992,940	-1,996,968	-1,924,590	-1,527,313	-1,146,332	-1,116,864	-1,494,313	-1,700,399	-1,232,769	-1,110,995	-566,908	-511,567	-757,859	-861,847	-1,070,253	-786,026	-666,419	84,327	314,245	183,708	160,123	-285,042	90,318	-192,841	-159,637	-63,157	-167,715	429,183	0	0	0
Cash flows from financing activities:
Net change in deposits
1,184,777	1,808,148	2,957,850	3,133,157	2,947,650	2,734,669	1,710,663	825,911	1,063,862	422,754	340,583	893,960	922,715	1,477,157	1,304,545	857,252	1,023,908	1,051,660	1,223,533	1,500,136	1,533,915	1,300,011	741,376	173,430	-34,606	55,244	199,311	370,943	345,407	210,623	-79,832	-215,061	-145,484	309,488	351,636	286,026	-57,240	-837,871	0	0	0
Net change in short-term borrowings
22,579	-1,036,134	-1,143,014	-490,128	444,160	720,307	0	0	0	-	-	322,600	474,341	3,969	1,073,328	1,228,609	979,670	873,123	-11,574	-244,878	-420,040	-151,470	139,436	229,170	389,850	127,132	-130,582	-398,062	-292,489	-87,526	37,291	323,062	231,935	20,531	-108,874	-13,582	-9,969	-36,517	0	0	0
Proceeds from Issuance of Long-term Debt
1,675,242	950,000	0	0	0	-	-	-	-	1,065,000	965,000	945,000	585,000	385,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
777,128	890,000	330,000	705,655	855,682	750,682	675,682	310,027	235,000	185,000	205,182	675,182	614,182	769,182	1,619,000	1,239,000	1,125,000	970,000	0	0	0	-	-	-	-	26,133	2,000	28,000	-1,000	28,000	28,000	2,000	121,000	207,000	207,000	217,000	137,742	72,742	0	0	0
Redemption of junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	0	0	0	-	-	-	-	-	-	-	-
Cash dividends paid to preferred shareholders
15,860	12,688	15,859	12,687	12,687	15,859	9,516	9,027	7,652	6,277	8,074	7,188	7,188	7,188	7,187	7,407	5,610	3,813	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to common shareholders
154,166	146,537	146,480	146,414	146,299	138,857	134,152	123,870	116,480	115,881	112,135	113,956	112,909	111,813	109,429	107,124	104,683	102,279	98,743	95,136	91,674	88,119	98,448	108,774	119,081	129,271	128,955	128,632	128,662	125,870	123,114	120,358	117,071	116,779	116,452	116,127	116,137	115,190	0	0	0
Purchase of common shares to treasury
2,532	1,805	2,526	2,665	3,085	3,801	3,141	3,060	2,577	2,645	3,775	3,759	3,846	3,191	1,700	1,641	3,604	2,108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued, net
2,454	2,957	-295	-288	-672	2,704	5,689	8,342	9,482	8,207	112,641	110,971	110,939	112,085	7,515	7,681	11,238	7,898	6,422	6,355	3,862	5,096	6,012	6,705	6,642	7,839	7,123	7,181	7,452	7,805	7,878	8,019	7,836	8,027	8,159	8,076	8,176	8,391	0	0	0
Other, net
-503	-492	-365	-240	-119	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
1,934,863	673,449	2,169,311	2,175,080	2,373,266	2,548,481	1,829,604	1,484,859	998,209	951,927	1,236,512	1,472,446	1,354,870	1,086,837	1,096,934	802,311	1,050,301	1,128,863	950,291	1,099,086	749,375	788,830	634,216	256,379	199,591	16,730	54,897	-176,570	-67,292	-32,968	-195,777	-16,338	-153,784	14,267	-21,850	-1,926	-262,231	-1,003,248	0	0	0
Net change in cash and cash equivalents
538,418	6,058	141,858	-17,070	-30,063	12,519	12,553	114,477	159,934	23,609	-55,300	44,658	-139,767	-21,299	107,347	-160,074	-288,221	-416,607	-121,675	166,524	385,112	461,239	63,053	-393,644	-590,434	-483,932	-254,858	248,605	469,201	474,051	210,031	-74,943	175,338	12,763	134,357	180,542	-135,623	-295,051	0	0	0
Supplemental disclosures of cash flow information:
Cash payments for:
Interest on deposits and borrowings
427,041	415,649	397,286	364,443	324,968	290,444	251,002	195,050	172,760	170,614	161,389	174,896	169,178	151,209	152,516	157,086	155,958	159,170	164,583	162,990	162,607	162,762	158,444	161,769	166,647	167,860	175,484	176,168	180,017	183,120	186,063	190,635	195,434	199,565	203,084	207,663	212,205	217,102	0	0	0
Federal and state income taxes
107,347	106,336	112,666	104,423	47,948	53,587	49,227	50,610	36,257	29,013	29,103	21,283	28,096	26,564	24,559	24,466	20,544	50,027	55,499	52,659	52,418	34,236	28,719	28,805	26,660	15,317	15,442	21,664	42,141	50,111	0	0	0	-	-	-	-	50,636	0	0	0
Supplemental schedule of non-cash investing activities:
Transfer of loans to other real estate owned
7,120	5,100	1,499	1,087	1,328	743	851	2,108	2,633	7,301	7,625	11,055	12,239	8,089	7,728	7,358	7,547	8,828	10,670	9,041	9,448	11,012	12,143	12,635	15,964	19,679	19,123	18,554	15,115	14,365	0	0	0	-	-	-	-	-	-	-	-
Transfer of loans to loans held for sale
1,164,066	1,234,022	302,861	242,520	239,087	289,633	377,293	350,984	359,839	313,201	225,541	400,042	278,385	174,501	0	0	0	-	-	-	-	27,329	27,329	27,329	27,329	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Lease right of use assets obtained in exchange for operating lease liabilities
25,595	312,143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash assets acquired:
Investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Loans
-	-	-	-	-	3,736,984	3,736,984	3,736,984	3,736,984	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,088,421	0	0	0	-	-	-	-	-	-	-	-
Premises and equipment
-	-	-	-	-	62,066	62,066	62,066	62,066	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,457	0	0	0	-	-	-	-	-	-	-	-
Bank owned life insurance
-	-	-	-	-	49,052	49,052	49,052	49,052	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	12,123	12,123	12,123	12,123	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,294	0	0	0	-	-	-	-	-	-	-	-
Goodwill
-	-	-	-	-	394,028	394,028	394,028	394,028	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,758	0	0	0	-	-	-	-	-	-	-	-
Other intangible assets
-	-	-	-	-	45,906	45,906	45,906	45,906	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,050	0	0	0	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	100,059	100,059	100,059	100,059	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,137	0	0	0	-	-	-	-	-	-	-	-
Total non-cash assets acquired
-	-	-	-	-	4,922,820	4,922,820	4,922,820	4,922,820	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,568,767	0	0	0	-	-	-	-	-	-	-	-
Liabilities assumed:
Deposits
-	-	-	-	-	3,564,843	3,564,843	3,564,843	3,564,843	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,380,293	0	0	0	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	-	-	-	649,979	649,979	649,979	649,979	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,000	0	0	0	-	-	-	-	-	-	-	-
Long-term borrowings
-	-	-	-	-	87,283	87,283	87,283	87,283	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures issued to capital trusts
-	-	-	-	-	13,249	13,249	13,249	13,249	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,645	0	0	0	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	26,848	26,848	26,848	26,848	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52,998	0	0	0	-	-	-	-	-	-	-	-
Total liabilities assumed
-	-	-	-	-	4,342,202	4,342,202	4,342,202	4,342,202	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,477,936	0	0	0	-	-	-	-	-	-	-	-
Net non-cash assets acquired
-	-	-	-	-	580,618	580,618	580,618	580,618	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,831	0	0	0	-	-	-	-	-	-	-	-
Cash Acquired from Acquisition
-	-	-	-	-	156,612	156,612	156,612	156,612	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117,587	0	0	0	-	-	-	-	44,228	0	0	0
Common stock issued in acquisition
-	-	-	-	-	737,230	737,230	737,230	737,230	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208,418	0	0	0	-	-	-	-	-	-	-	-
Available-for-sale securities
Investment securities
-	-	-	-	-	308,385	308,385	308,385	308,385	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Held-to-maturity securities
Investment securities
-	-	-	-	-	214,217	214,217	214,217	214,217	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-