BAY BANKS OF VIRGINIA INC Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015
Net (loss) income
Cash Flows From Operating Activities
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
Depreciation and amortization
Net premium amortization on available-for-sale securities
Amortization of subordinated notes issuance costs
Accretion of loan discount
Amortization of core deposit intangible
Accretion of time deposits
Accretion of fair value adjustments on acquired time deposits
Accretion of fair value adjustments (discounts) on acquired loans
Provision for loan losses
Stock and ESOP compensation expense
Share-based compensation expense
Deferred income tax expense
Gain on securities available-for-sale
Increase in OREO valuation allowance
Net loss on sale of available-for-sale securities
Increase in other real estate owned valuation allowance
Net losses (gains) on sale of other real estate owned
Net losses on the disposition of other assets
Decrease in value of mortgage servicing rights
Originations of loans held for sale (HFS)
Proceeds from HFS loan sales
Gain on HFS sold loans
Increase in accrued income and other assets
Increase in cash surrender value of bank owned life insurance
Loan originations for sale
Loan sales
Gain on loans sold
Gain on curtailment of post-retirement benefit plan
Increase in accrued interest receivable and other assets
Increase in other liabilities
Net cash provided by operating activities

Net cash provided by operating activities
Cash Flows From Investing Activities
Maturities of certificates of deposits
Purchase of bank owned life insurance
Proceeds from maturities and principal paydowns of available-for-sale securities
Proceeds from sales and calls of available-for-sale securities
Maturities (purchases) of certificates of deposit
Purchases of available-for-sale securities
Sales (purchases) of restricted securities, net
(Increase) decrease in federal funds sold
Loan (originations) and principal collections, net
Proceeds from the sale of VISA loan portfolio
Loan purchases and principal collections, net
Net increase in loans
Cash acquired in the merger with Virginia BanCorp, Inc.
Proceeds from sale of other real estate owned
Proceeds from sale of equipment
Proceeds from sale of premises and equipment
Net purchases of premises and equipment
Net cash used in investing activities

Cash Flows From Financing Activities
Increase in demand, savings, and other interest-bearing deposits
Net increase in time deposits
Stock options exercised, net
Net decrease in securities sold under repurchase agreements
Issuance of stock, net
Director stock grant
(Purchases) issuance of common stock, net
Dividends paid
Purchases of common stock
Issuance of subordinated notes, net of issuance costs
(Decrease) increase in Federal Home Loan Bank advances
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits
Cash and cash equivalents (including interest-earning deposits) at beginning of period
Cash and cash equivalents (including interest-earning deposits) at end of period
Net cash provided by financing activities
Net increase (decrease) in cash and cash equivalents (including interest-earning deposits)
Cash and cash equivalents (including interest-earning deposits) at beginning of period
Cash and cash equivalents (including interest-earning deposits) at end of period
Supplemental Schedule of Cash Flow Information
Cash paid for:
Interest
Income taxes
Non-cash investing and financing:
Unrealized (loss) gain on investment securities
Unrealized gain (loss) on available-for-sale securities
Change in fair value of pension and post-retirement benefit plan obligation
Changes in deferred taxes resulting from other comprehensive income transactions
Transfer of loans to held for sale
ESOP Loan

Assets acquired, net of cash acquired
Liabilities assumed
Net assets acquired, net of cash acquired
Loans transferred to other real estate owned
Loans originated to facilitate sale of other real estate owned
Cumulative effect adjustment of adoption of accounting principle
Employee stock ownership plan transactions
Director stock grant

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