As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 14,140 14,944 15,694 16,896 13,852

Adjustments to reconcile net income to net cash provided by operating activities

Provision for loan losses 1,500 1,550 1,075 132 360
Amortization of deferred charges and fees, net 720 1,060 1,027 1,655 720
Depreciation and amortization 1,569 1,817 1,935 2,107 1,470
Bank owned life insurance income (652) (665) (667) (612) (448)
Loss/(gain) on disposition of investment securities (1,121) (1,073) (690) (438) 3
Compensation expense from stock option and restricted stock grants 439 509 498 968 772
Change in accrued interest receivable NA NA NA NA (272)
Change in deferred income taxes NA NA NA NA 301
Change in unrealized (gain)/loss of securities available for sale, net of taxes NA NA NA NA (557)
Change in unfunded pension liability NA NA NA NA 398
Change in other assets NA NA NA NA (1,679)
Change in other liabilities NA NA NA NA 1,597
Change in loans held for sale 1,281 119 284 (6,506) 5,946
Change in accrued interest receivable, deferred taxes, other assets and other liabilities 4,998 (2,216) 835 963 NA
Other, net 321 56 25 42 (1)
Net cash provided by operating activities 23,195 16,101 20,016 15,207 22,462

CASH FLOWS FROM INVESTING ACTIVITIES

Origination of loans (333,266) (301,863) (260,020) (275,866) (257,931)
Proceeds from principal payments of loans 132,692 163,161 148,049 147,282 222,187
Proceeds from calls/maturities of securities available for sale 117,713 68,190 168,787 156,272 41,982
Proceeds from sales of securities available for sale and held to maturity 35,557 30,013 47,625 18,070 77,369
Purchase of bank owned life insurance 0 (5,000) NA NA NA
Purchase of securities available for sale (55,577) (43,741) (225,912) (154,719) (5,091)
Proceeds from calls/maturities of securities held to maturity 16,361 3,776 6,206 11,450 27,100
Purchase of securities held to maturity (4,427) (24,295) (9,691) (11,238) (164,684)
(Purchase) sale of FHLB of Boston stock (1,221) (1,724) 1,490 2,367 (840)
Purchase of banking premises and equipment (5,306) (233) (4,939) (1,187) (521)
Net cash used by investing activities (97,474) (111,716) (128,405) (107,569) (60,429)

CASH FLOWS FROM FINANCING ACTIVITIES

Change in demand, interest bearing, money market and savings accounts NA NA NA NA 3,144
Change in certificates of deposit NA NA NA NA (12,323)
Net change in deposits 127,714 (38,511) 186,688 128,733 NA
Change in short-term borrowings 0 69,000 (69,000) 0 11,500
Repayment of long-term borrowings (20,000) 0 (40) (164) (125)
Cash dividends paid on common stock (6,164) (6,602) (7,178) (7,428) (5,663)
Repurchase of common stock (342) (864) (667) (1,560) (470)
Proceeds from issuance of common stock 1,255 1,925 1,841 2,186 1,522
Net cash provided by financing activities 102,463 24,948 115,594 121,767 (2,415)
Net decrease in cash and cash equivalents 28,184 (70,667) 7,205 29,405 (40,382)
Cash and cash equivalents at beginning of period 59,923 88,107 17,440 24,645 54,050
Cash and cash equivalents at end of period 88,107 17,440 24,645 54,050 13,668

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid during the period for

Interest 2,196 2,094 2,644 3,371 2,626
Income taxes 3,610 8,490 8,220 9,205 7,305
Non-cash transactions
Change in AOCI, net of taxes (4,936) (2,937) NA NA NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.