Cash Flow Statement ROCKVILLE FINANCIAL, INC. (NASDAQ - RCKB)
2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2011 12/31/2012 12/31/2012 12/31/2012 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Net income 9,732 12,251 7,092 15,797 4,551 Adjustments to reconcile net income to net cash (used in) provided by operating activities Amortization (accretion) of premiums and discounts on investments, net (160) (171) (7) 470 160 Share-based compensation expense 827 775 625 2,976 775 ESOP expense 928 803 1,279 1,529 416 Provision for loan losses 1,961 4,109 3,021 3,587 391 Net gain from sales of securities (936) (190) (6,277) (914) (227) Goodwill impairment NA 0 0 79 NA Loss on extinguishment of debt 0 0 8,914 0 NA Other-than-temporary impairment losses on equity securities 362 0 29 0 NA Loans originated for sale (43,958) (71,443) (56,843) (126,700) (45,955) Proceeds from loan sales held for sale 43,958 71,063 57,223 125,825 46,760 Net gain from sales of loans NA (1,746) (1,715) (4,417) (2,060) Gains on sale of other real estate owned (16) 441 93 84 (20) Write-downs of other real estate owned 0 866 257 183 86 Depreciation and amortization 1,608 1,435 1,317 1,379 420 Loss on disposal of equipment 34 1 110 8 NA Deferred income tax expense (benefit) (1,242) (674) 3,899 (1,858) 2,044 Increase in cash surrender value of bank-owned life insurance (371) (383) (623) (1,920) (510) Net change in Deferred loan fees and premiums 784 (109) (93) (276) (483) Accrued interest receivable 349 111 87 (773) (583) Prepaid FDIC assessment (5,884) 2,009 841 945 267 Current income tax receivable NA 0 0 2,848 NA Other assets (192) (593) (326) (2,711) 945 Accrued expenses and other liabilities 2,602 9,905 (2,525) 4,943 (7,127) Net cash (used in) provided by operating activities 10,386 28,460 16,378 21,084 (150) Proceeds from sales of available for sale securities 21,171 399 14,608 29,285 28,297 Proceeds from calls and maturities of available for sale securities 2,500 29,723 39,700 14,800 0 Principal payments on available for sale mortgage-backed securities 25,525 21,166 20,673 33,393 8,813 Principal payments on held to maturity securities 5,135 5,470 4,173 3,468 828 Purchases of available for sale securities (8,091) (73,580) (107,327) (165,073) (110,800) Proceeds from sales of portfolio loans 161 NA NA NA NA Redemption of FHLBB stock NA 0 0 1,140 814 Proceeds from sale of other real estate owned 1,859 5,120 934 2,113 756 Proceeds from loan sales from portfolio NA NA NA NA 18,000 Purchases of loans (2,529) 0 0 (3,692) (3,138) Net loan principal payments (originations) (74,509) (57,835) (53,130) (131,424) 16,323 Purchase of bank-owned life insurance 0 0 (20,000) (25,000) 0 Proceeds from sale of equipment 0 0 25 8 NA Purchases of premises and equipment (1,100) (461) (2,042) (5,971) (1,516) Net cash used in investing activities (29,878) (69,998) (102,386) (246,953) (41,623) Net (decrease) increase in non-interest-bearing deposits 34,371 18,252 47,365 32,508 (12,547) Net increase in interest-bearing deposits 52,229 71,900 69,826 145,406 54,748 Net decrease in mortgagors' and investors' escrow accounts 308 (254) (279) 924 (2,709) Net increase in short-term FHLBB advances (51,000) (15,000) 0 61,000 41,000 Proceeds from long-term FHLBB advances 8,112 37,800 0 23,250 NA Prepayment of FHLBB borrowings and penalty 0 0 (131,114) 0 NA Repayments of long-term FHLBB advances (16,192) (25,179) (73,341) (7,026) (21,018) Net increase in repurchase agreements NA NA NA NA 9,699 Common stock repurchased (198) 0 0 (21,626) (2,327) Common stock purchase for ESOP 0 0 (7,071) 0 NA Cancellation of shares for tax withholding (44) (46) (93) (276) (26) Reissuance of treasury shares NA 0 0 (4) NA Proceeds from stock offering, net of expenses 0 0 168,044 0 NA Proceeds from exercise of stock options NA 0 0 419 NA Cancellation of treasury shares NA NA NA NA (9) Cash dividend paid on common stock (3,688) (4,534) (7,030) (14,376) (2,810) Fractional shares distribution 0 0 (22) 0 NA Net cash provided by financing activities 23,898 82,939 66,285 220,199 64,001 Net increase (decrease) in cash and cash equivalents 4,406 41,401 (19,723) (5,670) 22,228 Cash and cash equivalents, beginning of period 14,901 19,307 60,708 40,985 35,315 Cash and cash equivalents, end of period 19,307 60,708 40,985 35,315 57,543 Cash paid during the year for Interest 29,901 22,235 18,167 10,860 2,470 Income taxes, net 4,401 9,520 1,664 5,311 556 Transfer of loans to other real estate owned 4,904 4,356 3,302 2,218 563 Increase (decrease) due to broker, investment purchases 0 10,534 (10,534) 1,386 NA
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