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Cash Flow StatementROCKVILLE FINANCIAL, INC. (NASDAQ - RCKB)  
 2010 Y2011 Y2012 Y2013 Y
Source Document12/31/201212/31/201312/31/201312/31/2013
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Cash flows from operating activities 
Net income 12,2517,09215,79714,227
Adjustments to reconcile net income to net cash provided by operating activities 
Amortization (accretion) of premiums and discounts on investments, net (171)(7)470471
Share-based compensation expense 7756252,9762,665
ESOP expense 8031,2791,5291,707
Tax benefit from stock-based awards NA0065
Provision for loan losses 4,1093,0213,5872,046
Net gain from sales of securities (190)(6,277)(914)(585)
Goodwill impairment 00790
Loss on extinguishment of debt 08,91400
Other-than-temporary impairment losses on equity securities 02900
Loans originated for sale (71,443)(56,843)(126,700)(144,597)
Proceeds from sales of loans originated for sale 71,06357,223125,825154,521
Realized gain on sale of loans (1,746)(1,715)(4,417)(5,054)
Losses on sales of OREO 441938485
Write-downs of OREO 866257183287
Depreciation and amortization on premises and equipment 1,4351,3171,3792,383
Loss on disposal of equipment 11108113
Deferred income tax expense (benefit) (674)3,899(1,858)410
Increase in cash surrender value of bank-owned life insurance (383)(623)(1,920)(2,092)
Net change in 
Deferred loan fees and premiums (109)(93)(276)(1,632)
Accrued interest receivable 11187(773)(844)
Prepaid FDIC assessment 2,009NANANA
Current income tax receivable 002,848(2,123)
Other assets (593)515(1,766)3,197
Accrued expenses and other liabilities 9,905(2,525)4,943(1,482)
Net cash provided by operating activities 28,46016,37821,08423,768
Cash flows from investing activities 
Proceeds from sales of available for sale securities 39914,60829,28544,880
Proceeds from calls and maturities of available for sale securities 29,72339,70014,8000
Principal payments on available for sale mortgage-backed securities 21,16620,67333,39326,862
Principal payments on held to maturity mortgage-backed securities 5,4704,1733,4682,373
Purchases of available for sale securities (73,580)(107,327)(165,073)(245,609)
Purchases of held to maturity securities NA00(10,093)
Redemption of FHLBB stock 001,140814
Proceeds from sale of OREO 5,1209342,1134,042
Proceeds from portfolio loan sales NA0070,715
Purchase of loans 00(3,692)(14,142)
Loan originations, net of principal payments (57,835)(53,130)(131,424)(170,111)
Purchase of bank-owned life insurance 0(20,000)(25,000)(4,008)
Proceeds from sale of equipment 02580
Purchases of premises and equipment (461)(2,042)(5,971)(7,108)
Net cash used in investing activities (69,998)(102,386)(246,953)(301,385)
Cash flows from financing activities 
Net increase in non-interest-bearing deposits 18,25247,36532,50827,685
Net increase in interest-bearing deposits 71,90069,826145,406202,840
Net (decrease) increase in mortgagors' and investors' escrow accounts (254)(279)924(434)
Net increase in short-term FHLBB advances (15,000)061,00064,112
Proceeds from long-term FHLBB advances 37,800023,2500
Net increase in repurchase agreements NA0048,192
Prepayment of FHLBB borrowings and penalty 0(131,114)00
Repayments of long-term FHLBB advances (25,179)(73,341)(7,026)(15,182)
Common stock repurchased 00(21,626)(30,028)
Common stock purchase for ESOP 0(7,071)00
Cancellation of shares for tax withholding (46)(93)(276)(357)
ESOP forfeiture NA00357
Reissuance of treasury shares 00(4)0
Proceeds from stock offering, net of expenses 0168,04400
Proceeds from exercise of stock options 00419805
Cash dividends paid on common stock (4,534)(7,030)(14,376)(10,453)
Fractional shares distribution 0(22)00
Net cash provided by financing activities 82,93966,285220,199287,537
Net increase (decrease) in cash and cash equivalents 41,401(19,723)(5,670)9,920
Cash and cash equivalents - beginning of year 19,30760,70840,98535,315
Cash and cash equivalents - end of year 60,70840,98535,31545,235
Supplemental disclosures of cash flow information 
Cash paid during the year for 
Interest 22,23518,16710,86010,465
Income taxes, net 9,5201,6645,3117,017
Transfer of loans to other real estate owned 4,3563,3022,2183,097
Increase (decrease) due to broker, investment purchases 10,534(10,534)1,3861,758


Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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