Wellesley bancorp, inc. (WEBK)
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'12Mar'11
Cash flows from operating activities:
Net income

1,541

1,157

2,036

1,505

1,302

1,577

1,557

1,420

1,437

201

1,166

937

881

722

755

727

732

905

700

585

459

436

516

431

394

-

-

583

595

681

537

434

-553

492

Adjustments to reconcile net income to net cash provided (used) by operating activities:
Provision for loan losses

555

435

70

170

240

195

130

195

65

363

250

122

0

125

125

125

62

175

150

100

50

60

180

220

180

150

150

100

100

150

150

100

150

300

Depreciation and amortization

211

218

220

204

187

193

182

196

196

190

176

188

192

194

201

184

170

170

165

162

161

153

157

146

140

116

55

96

83

80

81

75

54

50

Net amortization of securities

-15

-15

-38

-49

-42

-26

-35

-41

-41

-60

-62

-62

-53

-50

-47

-48

-131

-28

-82

-56

-56

-51

-30

-38

-40

-48

-62

-63

-62

-99

-76

-38

-73

-36

Gains on sales of securities, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16

-

-

-

-

-

-

-

-

-

Principal balance of loans sold

6,129

11,301

7,523

5,031

1,228

2,687

3,325

1,447

1,085

1,298

5,386

3,609

1,454

9,286

9,756

9,059

2,638

3,221

5,588

6,971

6,315

5,986

4,524

4,538

4,261

1,229

7,380

6,483

14,642

-

-

-

-

-

Loans originated for sale

4,864

8,304

11,704

7,201

1,228

1,989

3,427

2,043

1,085

1,298

4,329

4,666

0

8,522

9,159

10,393

2,987

4,380

3,335

7,642

7,494

5,616

3,902

4,830

4,781

1,961

4,910

6,764

7,794

-

-

-

-

-

Accretion of net deferred loan fees

162

145

158

193

142

176

127

171

137

132

152

152

134

106

118

135

165

134

113

86

79

115

141

119

75

208

167

151

73

94

90

120

94

94

Amortization of subordinated debt issuance costs

7

7

7

7

8

7

8

7

8

8

8

8

9

8

9

9

9

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Income on bank-owned life insurance

58

59

60

59

58

59

60

58

57

59

59

57

57

57

58

57

58

59

58

58

57

59

58

59

58

61

59

57

45

47

47

47

36

36

Deferred income tax provision

-111

23

-201

-192

96

7

-207

-182

127

727

-341

-223

77

117

-154

-100

107

-109

-89

-160

54

185

-176

-139

-31

429

-266

139

36

-13

-102

74

-755

361

Issuance of common stock to Wellesley Bank Charitable Foundation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,575

-

ESOP expense

121

114

101

107

96

99

110

103

94

88

86

86

88

79

67

65

59

61

63

62

60

61

60

60

60

60

56

53

50

63

47

45

26

-

Share-based compensation

61

-

61

99

102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

-

-

-

-

-

-

-

-

107

121

172

167

154

156

127

127

127

128

122

123

127

80

112

119

120

120

114

115

113

-

-

-

-

-

Net change in other assets and liabilities

-579

-227

-1,093

36

1,524

-152

-846

730

616

1,192

-931

-1,206

-319

267

1,280

-648

-136

-54

-539

163

326

567

-599

-11

69

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291

961

34

3,786

-50

-674

632

1,901

416

165

-

-

-

-

-

-

-

-

-

Net change in other assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

282

-

-

-

-

-

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

27

59

-4

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-276

52

-526

214

Prepaid FDIC assessment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-90

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

385

90

-75

148

Net cash provided by operating activities

4,024

5,056

-966

-509

349

2,785

2,478

325

1,265

375

3,356

1,287

3,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,487

72

-4,686

-1,585

882

1,137

Cash flows from investing activities:
Maturities of certificates of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

0

250

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-

Maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,742

Maturities, prepayments and calls

5,379

3,882

1,011

1,370

3,563

3,421

2,732

4,731

826

2,022

1,741

750

902

2,181

1,178

8,101

3,280

4,431

4,712

5,532

5,985

1,721

3,150

2,678

2,290

1,140

1,695

3,420

1,547

4,184

5,020

1,683

1,135

1,694

Purchases

-

-

-

-

-

-

-

5,018

2,462

3,059

1,000

0

3,013

1,170

3,030

7,408

7,318

17,063

7,035

332

8,460

12,052

5,644

0

8,797

2,742

1,807

2,263

993

2,013

3,466

5,106

6,951

2,218

Proceeds from sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3

906

-

-

-

-

-

-

-

-

-

Purchase (redemption) of Federal Home Loan Bank stock

1,296

-1,256

0

2,320

-905

-719

-476

78

-73

-

-

-

179

-

-

323

-387

-

-

-

-

-

-

-

-

-

-

-

-

200

91

0

-216

-

Redemption (purchase) of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,080

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

-

-

Net loan originations

21,460

9,165

4,360

42,581

41,599

17,001

15,562

25,006

-6,865

37,940

31,101

30,395

10,900

27,614

18,217

18,736

4,171

25,769

29,252

26,727

2,732

11,076

15,460

19,183

13,991

27,524

26,100

19,209

16,695

-

-

-

-

4,474

Loan originations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23,924

-13,538

-8,850

-

Additions to premises and equipment

10

95

274

144

116

513

399

274

55

169

6

65

104

96

224

477

362

208

-3

48

124

297

30

165

93

981

549

198

384

77

56

196

859

45

Proceeds from sale of premises and equipment

-

-

-

-

-

0

0

49

14

47

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,750

-8,184

-18,306

-30,176

-22,655

-5,331

-21,668

-18,344

-16,797

-19,685

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-17,387

-4,074

24,805

-43,669

-37,247

-15,374

-16,187

-25,596

5,261

-38,963

-30,003

-30,209

-13,294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,300

-23,326

-20,893

-19,157

-15,809

-3,301

Cash flows from financing activities:
Net increase (decrease) in deposits

-17,441

-6,278

28,505

-20,683

32,992

47,428

27,317

277

26,167

35,193

46,315

9,168

3,256

26,978

11,295

13,220

7,579

11,021

24,288

-1,680

7,864

32,839

2,420

5,218

24,250

30,070

26,170

-1,323

4,542

18,012

31,068

-639

4,372

3,050

Proceeds from issuance of long-term debt

7,000

0

0

30,000

3,000

0

0

15,000

21,000

0

3,000

14,000

22,000

8,500

8,085

9,500

0

-

-

-

-

-

-

-

-

-2,000

5,000

12,500

5,000

0

10,000

10,000

6,000

-

Repayments of long-term debt

8,337

3,337

333

5,331

8,331

3,829

20,325

20,325

10,167

10,087

16,587

10,086

8,086

3,586

4,170

8,085

84

12,085

2,055

4,000

2,000

0

2,000

2,000

2,000

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,787

-2,578

30,569

26,160

17,747

7,803

28,813

10,358

17,157

17,256

-

-

-

-

-

-

-

-

-

Net proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

21,236

-

Acquisition of common stock by ESOP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,926

-

Increase in short-term borrowings

25,000

-31,000

-3,000

36,000

3,000

-12,500

-2,500

12,500

-20,500

11,000

2,750

12,000

-9,000

-

-

9,250

-10,000

4,000

-2,000

14,000

2,000

0

-2,000

0

-5,000

-

-

-

-

-

-

-

-

921

Conversion of stock subscriptions to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,666

-

Stock options exercised

162

525

169

351

48

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

63

0

0

6

-

-

-

-

-

-

-

-

-

Common stock repurchased

34

-

0

-1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

7

30

284

-

-

-

-

-

Cash dividends paid on common stock

155

130

155

153

140

114

139

137

127

99

125

124

100

78

98

99

73

56

74

74

61

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

6,195

-40,241

25,186

40,185

30,569

31,036

4,507

7,315

16,373

36,031

35,393

24,958

8,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,258

17,810

31,473

9,886

10,027

3,971

Net change in cash and cash equivalents

-7,168

-39,259

49,025

-3,993

-6,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

22,899

-2,557

8,746

-3,964

-2,188

3,766

954

5,328

-9,801

12,297

-230

-4,958

1,798

7,777

-6,085

776

-2,264

6,248

630

-6,474

445

-5,444

5,894

-10,856

-4,900

1,807

Supplementary information:
Interest paid

2,486

3,236

3,909

3,135

2,718

2,626

2,327

2,074

1,682

1,264

1,436

1,257

1,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,193

1,205

1,044

950

832

833

884

873

845

798

751

706

656

663

669

672

635

620

724

Income taxes paid

0

725

161

1,347

330

696

132

1,624

330

686

651

1,367

116

809

385

500

325

547

418

335

190

380

150

553

150

-229

979

813

60

260

365

250

225

200