Western new england bancorp, inc. (WNEB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net income

13,349

16,408

12,320

4,834

5,715

6,162

6,756

6,254

5,874

3,006

5,459

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

2,675

1,900

1,360

575

1,275

1,575

-256

698

-

8,923

3,900

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

1,206

-

-

Depreciation and amortization of premises and equipment

2,079

2,055

1,965

1,429

1,315

1,189

1,102

1,049

1,120

1,261

1,252

Accretion of purchase accounting adjustments, net

-24

1,094

2,373

194

-

-

-

-

-

-

-

Amortization of core deposit intangible

376

375

375

73

-

-

-

-

-

-

-

Net amortization of premiums and discounts on securities and mortgage loans

2,371

2,417

3,181

3,447

4,670

4,263

4,248

4,411

3,424

6,053

1,909

Net amortization of premiums on modified debt

-

-

-

60

383

610

627

537

187

-

-

Share-based compensation expense

773

845

649

262

131

92

254

1,605

1,949

1,957

2,184

ESOP expense

834

960

958

630

582

576

599

628

694

747

824

Excess tax benefits from equity incentive plan

-

-

-

12

2

-1

-1

-96

89

401

150

Excess tax benefits in connection with stock option exercises

-

-

-

144

-

-

-

240

-

-

-

Unrealized gains (losses) on marketable equity securities, net

165

-142

-

-

-

-

-

-

-

-

-

Excess tax expense in connection with tender offer completion

-

-

-

-

-

-

-566

0

-

-

-

Excess tax benefits from equity incentive plan

-

-

-

-

-

-

-

-

-93

-18

5

Gain on available-for-sale securities, net

-97

-281

52

1,139

1,506

320

3,126

2,907

414

4,072

-

Gain on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-8

Write-downs of other real estate owned

-

-

-

-

-

-

-

166

-

-

-

Net loss (gain) on redemption and sales of securities

-

-

-

-

-

-

-

-

-

-

-383

Net gain on sales of other real estate owned

-

48

9

-

-

-

-

-

-

-

-

Other than temporary impairment losses on securities

-

-

-

-

-

-

-

-

102

147

278

Write-downs of other real estate owned

-

-

-

-

-

-

-

-

-

285

17

Loss on sale of other real estate owned

-

-

-

-

-

-

-6

0

-25

1

-110

Loss on prepayment of borrowings

-

-

-

-915

-1,300

-

-3,370

-1,017

-

-

-142

Deferred income tax (benefit) expense

-680

-796

7,342

274

-231

-193

980

185

21

-389

-112

Income from BOLI

1,799

1,825

1,824

1,558

1,527

1,523

1,549

1,439

1,546

1,524

1,523

Bank-owned life insurance death benefits

-

715

-

-

-

-

-

-

-

-

-

Gain on bank-owned life insurance death benefit

-

715

-

-

-

-

-

-

-

-

-

Gain on bank-owned life insurance death benefit

-

-

-

-

-

-

563

80

-

-

-

Net change in:
Accrued interest receivable

-339

-294

164

464

-335

12

-401

580

-248

-928

-37

Other assets

7,204

-1,628

3,549

1,564

56

150

21

-976

-1,587

-358

2,863

Other liabilities

2,310

1,811

-1,318

-6,494

-308

77

807

-1,066

309

1,059

-1,411

Net cash provided by operating activities

-

-

-

-

-

12,347

14,202

11,310

-

-

-

Net cash provided by operating activities

15,379

24,638

18,861

930

12,076

-

-

-

14,790

18,355

10,439

INVESTING ACTIVITIES:
Purchases

-

-

-

-

2,620

-

3,461

0

-

-

-

Purchases

-

-

-

-

-

-

-

-

-

62,111

128,489

Proceeds from calls, maturities, and principal collections

-

-

-

6,836

39,372

14,433

6,064

0

-

-

80,215

Proceeds from calls, maturities, and principal collections

-

-

-

-

-

-

-

-

-

69,075

-

Purchases

74,508

16,896

67,246

87,246

141,074

66,784

212,765

375,168

257,289

654,889

297,683

Proceeds from sales and redemption

72,156

12,470

22,453

136,829

134,437

71,738

206,788

288,116

203,665

496,990

149,809

Proceeds from calls, maturities, and principal collections

35,386

25,060

53,915

59,112

36,298

24,135

61,270

86,210

89,183

122,598

66,911

Purchase of residential mortgages

-

-

48,205

108,448

90,743

53,272

37,700

62,895

58,241

61,880

16,381

Loan originations and principal payments, net

80,074

66,263

15,658

-1,196

3,261

34,522

-

-

-

-

-

Net cash acquired from acquisition of Chicopee Bancorp

-

-

-

23,808

-

-

-

-

-

-

-

Loan originations and principal payments, net

-

-

-

-

-

-

4,946

-21,286

-11,848

-

-

Redemption of Federal Home Loan Bank of Boston stock

-218

-858

-571

-3,126

140

-697

1,362

-

-

-

-

Proceeds from sale of other real estate owned

-

203

410

-

-

-

-

-

-

-

-

Loan originations and principal payments, net

-

-

-

-

-

-

-

-

-

19,122

-

Redemption (purchase) of Federal Home Loan Bank of Boston stock

-

-

-

-

-

-

-

2,026

-

-

-

Loan originations and principal payments, net

-

-

-

-

-

-

-

-

-

-

-13,473

Purchase of Federal Home Loan Bank of Boston stock

-

-

-

-

-

-

-

-

156

1,912

1,883

Proceeds from redemption of other restricted stock

-

-

-

-

-

-

-

195

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

-

958

0

198

1,693

148

Purchases of premises and equipment

1,285

3,327

2,212

1,487

3,220

1,937

1,020

1,129

514

662

1,396

Proceeds from sale of premises and equipment

27

100

-

20

44

40

-

0

-

-

-

Proceeds from payout on bank-owned life insurance

-

2,050

-

-

-

-

-

-

-

-

-

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

2,600

2,000

-

320

Surrender of bank-owned life insurance

-

-

-

-

-

-

-

1,585

-

-

-

Disbursement of bank-owned life insurance gain

-

-

-

-

-

-

282

0

-

-

-

Proceeds from payout on bank owned-life insurance

-

-

-

-

-

-

1,437

0

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-45,472

14,981

-46,426

-

-

-

Net cash (used in) provided by investing activities

-48,080

-45,745

-55,972

33,746

-30,907

-

-

-

-13,306

-71,976

-135,596

FINANCING ACTIVITIES:
Net increase in deposits

81,946

90,189

-11,097

72,270

66,145

17,106

63,699

20,455

32,623

52,360

59,946

Net change in short-term borrowings

-24,250

-85,400

-27,701

38,944

34,410

45,800

-21,737

16,949

-9,952

-11,562

24,675

Repayment of long-term debt

84,763

69,578

21,185

89,933

80,950

21,650

66,620

88,748

5,150

20,852

80,142

Proceeds from long-term debt

82,343

113,000

61,420

2,264

146

5,142

32,139

118,735

14,132

45,129

120,545

Return of dividends issued in connection with equity incentive plan

-

-

-

-

-

121

-

0

-

-

-

Return of dividends issued in connection with equity incentive plan

-

-

-

-

-

-

-

-

15

-

-

Tender offer to purchase outstanding options

-

-

-

-

-

-

2,151

0

-

-

-

Excess tax expense in connection with tender offer completion

-

-

-

-

-

-

-566

0

-

-

-

Cash dividends paid

5,274

4,641

3,579

2,439

2,098

3,832

5,872

10,721

14,305

14,295

14,595

Common stock repurchased

19,455

22,920

9,314

1,378

3,906

10,518

20,093

32,083

9,708

16,127

13,690

Issuance of common stock in connection with stock option exercises

106

114

5,465

1,971

-

-

-

1,041

359

1,477

449

Excess tax benefits from equity incentive plan

-

-

-

12

2

-1

-

-

-

-

-

Excess tax benefits in connection with stock option exercises

-

-

-

144

-

-

-1

-96

89

401

150

Excess tax benefits in connection with stock option exercises

-

-

-

-

-

-

-

240

-

-

-

Excess tax shortfalls benefits in connection with equity incentive plan

-

-

-

-

-

-

-

-

-93

-18

5

Net cash used in financing activities

-

-

-

-

-

32,168

-21,202

25,772

-

-

-

Purchase of common stock in connection with employee benefit program

-

-

-

-

-

-

-

-

15

-

-

Net cash provided by (used in) financing activities

30,653

20,764

-5,991

21,855

13,749

-

-

-

8,010

36,513

97,343

NET CHANGE IN CASH AND CASH EQUIVALENTS:

-2,048

-343

-43,102

56,531

-5,082

-957

7,981

-9,344

9,494

-17,108

-27,814

Securities reclassified from available-for-sale to held-to-maturity

-

-

-

-

-

-

299,203

0

-

-

-

Securities reclassified to loan portfolio

-

-

-

-

-

606

-

0

-

-

-

Loans transferred to other real estate owned

-

-

258

298

-

-

-

-

-

-

-

Fair value of non-cash assets acquired

-

-

-

674,529

-

-

-

-

-

-

-

Goodwill and core deposit intangibles

-

-

-

18,258

-

-

-

-

-

-

-

Fair value of liabilities assumed

-

-

-

617,803

-

-

-

-

-

-

-

Value of common shares issued

-

-

-

98,792

-

-

-

-

-

-

-

Securities reclassified from held-to-maturity to available-for-sale

-

-

-

-232,817

-

-

-

-

-

-

-

Net change in cash due to broker for common stock repurchased

-221

-83

-151

455

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

1,130

538

1,937

Securities reclassified from available-for-sale to held-to-maturity

-

-

-

-

-

-

-

-

-

287,074

-

Net cash due to (from) broker for investment purchases

-

-

-

-

-

-

-

-11

-7,780

7,791

-27,603

Net cash due to broker for common stock repurchased

-

-

-

-

-

-

299

-352

352

-

-