Western New England Bancorp, Inc. WNEB Cash Flow

Western new england bancorp, inc. (WNEB)

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
2,080	3,436	3,226	3,257	3,430	3,841	3,910	5,138	3,519	-354	3,815	3,756	5,103	1,853	628	389	1,964	1,402	1,611	1,364	1,338	1,661	1,511	1,342	1,648	1,810	1,580	1,584	1,782	1,554	1,387	974	2,339	1,529	1,494	1,565	1,286
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
2,100	1,000	1,275	350	50	300	350	750	500	510	200	350	300	175	375	625	-600	475	150	350	300	275	750	450	100	-	-	-	-	0	218	260	220	-	15	175	339
Provision (credit) for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-235	-	-	-	-	-	-	-	-
Depreciation and amortization of premises and equipment
494	500	523	527	529	525	529	507	494	497	498	495	475	460	321	325	323	328	325	327	335	324	290	294	281	282	290	270	260	257	260	266	266	260	271	282	307
Accretion of purchase accounting adjustments, net
72	-91	145	-88	10	42	-72	899	225	942	433	337	661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of core deposit intangible
93	94	94	94	94	93	94	94	94	93	94	94	94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of premiums and discounts on securities and mortgage loans
589	808	559	464	540	578	502	544	793	604	613	678	1,286	689	808	738	1,212	1,050	1,068	1,269	1,283	1,096	1,094	1,028	1,045	1,020	921	1,179	1,128	1,272	1,202	985	952	902	821	797	904
Net amortization of premiums on modified debt
-	-	-	-	-	-	-	-	-	-	-	-	-1	-	-	-	44	64	98	99	122	139	158	157	156	158	157	157	155	161	162	161	53	-	-	-	-
Share-based compensation expense
182	193	187	198	195	138	222	253	232	159	159	169	162	76	85	67	34	33	34	36	28	18	25	24	25	30	142	44	38	170	467	484	484	484	485	489	491
ESOP expense
191	210	205	210	209	228	247	243	242	260	244	243	211	186	143	148	153	154	144	145	139	141	143	146	146	144	148	156	151	146	155	161	166	138	176	189	191
Excess tax benefits from equity incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-64	7	1	1	3	0	1	0	1	-2	0	0	1	-	-	-	-	-336	37	8	195	71	0	0	18
Excess tax benefits from equity incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-1	9	3	-117	1	18	5
Gain on available-for-sale securities, net
23	-85	49	-96	35	-31	0	-49	-201	-	-	-	-	455	1	-2	685	-1	414	276	817	44	226	21	29	330	546	823	1,427	1,051	175	96	1,585	-	-	-	-
Net change in unrealized gain on marketable equity securities
102	-	45	79	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in unrealized (gain) loss on equity securities
-	-	-	-	-	-	-	-	-106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (gain) on redemption and sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	31
Net gain on sales of other real estate owned
-	-	-	-	-	0	0	0	48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	62	8	32
Loss on sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-6	-	-	-	-	-	-	-	-
Loss on prepayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-915	0	-429	-278	-593	-	0	0	0	-	-	-	-1,426	-	-	-	-	-	-	-	-
Loss on prepayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	-	-	-	-
Deferred income tax (benefit) expense
-	-	-	-	-	-	-	-	-	8,315	0	0	-973	-	-	-	-	-	-	-	-	-	-	-	-	1,015	-27	-5	-3	339	-52	-50	-52	177	-51	-52	-53
Income from BOLI
441	452	444	478	425	451	448	484	442	455	450	480	439	425	369	403	361	378	375	407	367	373	385	386	379	388	388	388	385	387	391	277	384	396	397	387	366
Gain on bank-owned life insurance death benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	75	-	-	-	-
Net change in:
Accrued interest receivable
-93	-147	-33	-147	-12	-179	250	-297	-68	182	170	86	-274	764	-134	327	-493	-208	-114	49	-62	21	27	45	-81	37	-297	-16	-125	46	-127	537	124	-159	15	-82	-22
Other assets
-4,114	5,379	-5,863	439	7,249	-1,076	-1,630	2,055	-977	-29	1,910	1,749	-81	96	958	739	-229	-173	-114	571	-228	-128	119	328	-169	156	707	-262	-580	-912	-396	200	132	-553	-144	-522	-368
Other liabilities
2,755	-4,133	-2,274	-514	9,231	-1,394	546	244	2,415	-3,313	4,763	-540	-2,228	-4,310	1,314	-595	-2,903	-639	964	-1,271	638	-392	578	-316	207	-592	868	626	-95	-2,282	461	211	544	-481	556	612	-378
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	237	815	-	4,261	1,294	3,881	2,761	3,792	2,345	3,449	6,450	3,229	1,018	3,505	-	-	-	-	-	-	-	-
Net cash provided by operating activities
12,053	-4,051	9,008	3,921	6,501	4,258	7,447	4,007	8,926	5,279	7,280	2,554	3,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,171	2,330	2,474	3,889	3,594	4,218	3,089
INVESTING ACTIVITIES:
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	2,619	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from calls, maturities, and principal collections
-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	6,835	9,641	6,868	9,645	13,218	4,948	3,875	3,204	2,406	-	-	-	-	-	-	-	-	-	-	-	-
Purchases
22,345	20,370	29,274	9,570	15,294	4,750	1,465	8,104	2,577	0	22,625	9,427	35,194	27,651	20,501	13,251	25,843	2,679	6,202	50,950	81,243	16,648	28,930	9,036	12,170	49,185	12,608	44,340	106,632	66,488	52,803	103,822	152,055	71,265	90,495	29,687	65,842
Proceeds from sales and redemption
8,243	14,738	19,683	16,093	21,642	-31	0	6,866	5,635	0	17,877	46	4,530	4	1	-2	136,826	3,790	52,864	25,072	52,711	8,154	2,894	47,687	13,003	37,820	46,876	44,929	77,163	69,719	28,448	89,664	100,285	45,666	67,750	39,356	50,893
Proceeds from calls, maturities, and principal collections
30,263	8,625	14,234	6,231	6,296	6,667	6,008	6,419	5,966	7,339	10,005	12,324	24,247	12,473	20,381	20,801	5,457	5,207	8,809	10,948	11,334	6,365	4,668	3,779	9,323	8,810	10,806	12,356	29,298	21,321	20,005	23,869	21,015	33,640	16,616	15,256	23,671
Purchase of residential mortgages
-	-	-	-	-	-	-	-	-	0	13,830	0	34,375	816	37,195	60,850	9,587	13,628	45,108	25,798	6,209	14,918	16,793	14,093	7,468	3,136	6,073	15,402	13,089	6,336	10,869	30,994	14,696	5,751	13,909	14,693	23,888
Loan originations and principal payments, net
28,497	24,762	29,788	41,436	-15,912	4,818	23,966	21,277	16,202	11,525	-3,653	9,201	-1,415	-22,381	4,290	18,331	-1,436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,788	23,740	2,750	14,119	7,578	-5,025	-11,726	-	-	-	-	-	-	-	-
Redemption of Federal Home Loan Bank of Boston stock
-2,483	1,413	1,308	-651	-2,288	-785	-104	899	-868	-	-	-	-	-246	927	-2,813	-994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	0	0	0	203	45	73	0	292	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations and principal payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,352	304	-	-	-	-	-	-	-	-	-	11,984	5,316	10,272	-	-	-	-
Loan originations and principal payments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,580
Purchase of Federal Home Loan Bank of Boston stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	387	1,004	-	-	-	-	0	0	84	72
Proceeds from redemption of other restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	31	-	-	-	195	-	-	-	-
Proceeds from sale of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	958	-	-	-	-	-	-	-	-
Purchases of premises and equipment
888	284	257	370	374	762	573	1,315	677	567	200	548	897	922	237	239	89	156	402	245	2,417	828	500	296	313	60	196	454	310	117	299	362	351	126	135	181	72
Proceeds from sale of premises and equipment
-	0	0	0	27	55	0	25	20	-	-	-	-	0	0	0	20	0	21	0	23	0	7	10	23	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69,059	116,049	-	13,881	-35,118	-14,898	-3,385	-52,231	8,090	2,054	-16,529	32,760	609	-1,859	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-10,741	-23,466	-26,710	-28,401	30,497	-2,854	-19,892	-16,235	-6,764	-4,557	-4,676	-6,757	-39,982	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,534	-19,146	-35,335	-1,674	-7,263	5,361	-9,730
FINANCING ACTIVITIES:
Net increase in deposits
28,132	8,361	24,979	14,731	33,875	-12,975	57,279	-1,850	47,735	-8,977	20,096	-25,640	3,424	10,075	41,646	-7,212	27,761	-8,678	11,327	24,411	39,085	5,433	10,195	11,895	-10,417	23,602	10,828	10,486	18,783	-995	6,857	-1,079	15,672	12,444	9,423	3,556	7,200
Net change in short-term borrowings
10,000	0	-15,000	15,000	-24,250	4,250	-11,000	11,000	-89,650	-47,815	1,457	14,125	4,532	-12,922	35,566	-13,886	30,186	7,185	9,971	28,626	-11,372	15,312	18,934	1,291	10,263	-13,587	-8,188	14,145	-14,107	28,582	-17,222	-11,663	17,252	-2,559	6,375	-5,969	-7,799
Repayment of long-term debt
28,142	26,727	25,750	20,335	11,951	16,256	18,333	2,997	31,992	1,485	11,479	6,239	1,982	5,600	7,919	43,569	32,845	13,150	29,929	17,278	20,593	14,500	7,150	0	0	3,370	22,000	18,374	22,876	35,517	5,000	1,500	46,731	0	3,150	0	2,000
Proceeds from long-term debt
-	-	-	-	-	0	28,000	5,000	80,000	60,000	182	350	888	1,099	1,044	80	41	37	37	36	36	36	5,036	35	35	35	36	34	32,034	16,034	12,034	43,034	47,633	33	34	33	14,032
Return of dividends issued in connection with equity incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	121	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
1,288	1,289	1,297	1,313	1,375	1,135	1,157	1,164	1,185	889	906	898	886	880	521	519	519	518	523	526	531	530	1,077	1,096	1,129	1,166	1,172	2,265	1,269	3,676	1,464	4,052	1,529	5,508	1,588	5,600	1,609
Common stock repurchased
8,080	106	1,284	2,397	15,668	10,498	3,280	4,274	4,868	3,324	2,461	0	3,529	-	-	-	-	1,021	740	470	1,675	769	2,432	4,568	2,749	4,107	65	9,131	6,790	18,137	4,922	4,711	4,313	5,247	1,714	1,384	1,363
Issuance of common stock in connection with stock option exercises
-	42	0	0	64	0	10	0	104	0	0	1,196	4,269	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	187	76	778	208	0	-2	153
Excess tax benefits from equity incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	7	1	1	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits in connection with stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	1	-	0	0	1	-	-	-	-	-336	37	8	195	71	0	0	18
Excess tax shortfalls benefits in connection with equity incentive plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	-1	9	3	-117	1	18	5
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-65,105	24,627	-	-9,856	34,799	4,951	4,980	23,506	7,557	-3,875	1,403	-23,277	-5,104	5,776	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
622	6,859	37,413	5,686	-19,305	-36,614	51,519	5,715	144	-2,490	6,889	-17,106	6,716	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,494	20,122	28,960	-675	9,396	-9,348	8,637
NET CHANGE IN CASH AND CASH EQUIVALENTS:
1,934	-	-	-	17,693	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS:
-	-	-	-	-	-35,210	39,074	-6,513	2,306	-1,768	9,493	-21,309	-29,518	19,431	29,536	-133,927	141,491	-8,277	8,286	975	-6,066	4,356	-24,933	17,992	1,628	-8,676	12,712	-3,477	7,422	108	-8,857	3,306	-3,901	1,540	5,727	231	1,996
Interest paid
-	-	-	-	-	-	-	-	-	-	3,746	3,593	3,435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities reclassified to loan portfolio
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	606	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash due to broker for common stock repurchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30,570	30,570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
5,790	-	6,415	5,977	5,655	-	4,919	4,545	3,969	-	-	-	-	-	-	2,557	2,845	-	2,838	2,711	2,631	-	2,515	2,422	2,395	-	2,587	2,664	2,695	-	3,093	3,191	3,217	-	3,595	3,748	3,820
Taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	305	1,810	35	-	570	1,120	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid
575	-	1,129	1,056	832	-	1,465	1,012	30	-	510	2,620	528	-	-	-	-	-	-	-	-	-	1,790	0	41	-	430	260	53	-	410	1,534	70	-	625	25	51
Securities reclassified from held-to-maturity to available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-232,817	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash due to broker for common stock repurchased
-	0	0	0	-221	72	-77	-13	-65	-469	-137	910	-455	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash due to broker for common stock repurchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	-128	195	-	-	288	-288	-704	0	704	-352	-	-	-	-