As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

CASH FLOWS FROM OPERATING ACTIVITIES

Net income 4,311 5,917 5,521 3,846 NA

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

Depreciation and amortization 701 659 909 938 NA
Purchase accounting loan discount accretion 0 (1,495) (450) (891) NA
Deferred income taxes 299 859 793 2,660 NA
Provision (credit) for loan losses (430) 382 (750) (350) NA
Gain on sale of loans (611) (586) (618) (1,843) NA
Net securities losses (gains) (400) (116) (158) 2 NA
Change in fair value of mortgage servicing rights 147 (263) 12 31 NA
Loss (gain) on sale or write-down of other real estate owned 184 183 38 (22) NA
Increase in cash surrender value of life insurance (397) (427) (393) (397) NA
Net amortization of security premiums and discounts 764 925 885 848 NA
Stock option expense NA 0 0 100 NA
Deferred compensation expense 64 76 85 90 NA
Loss on disposal or write-down of premises and equipment 0 49 176 0 NA
Proceeds from sale of loans held for sale 16,090 28,767 27,714 63,495 NA
Originations of loans held for sale (15,613) (28,433) (27,369) (59,430) NA
(Increase) decrease in other assets 1,225 1,613 (354) (519) NA
Increase (decrease) in other liabilities (1,499) (1,223) 572 (2,698) NA
CASH FLOWS FROM OPERATING ACTIVITIES 4,835 6,887 6,613 5,860 2,397

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sales, calls and maturities of available-for-sale securities 9,121 28,437 11,558 38,087 34,696
Proceeds from maturities of available-for-sale securities, including paydowns on mortgage-backed securities 27,223 30,797 30,106 16,591 NA
Purchases of available-for-sale securities (35,011) (36,534) (53,096) (33,627) (33,817)
Proceeds from sale of FHLB stock 750 NA NA NA NA
Proceeds from certificates of deposit 249 498 498 1,494 0
Proceeds from sales of premises and equipment 0 0 315 0 NA
Proceeds from acquisition 6,628 NA NA NA NA
Proceeds from sale of other real estate owned 0 552 278 823 31
Acquisition of Benchmark Bancorp, Inc., net of cash received NA 0 0 (24,660) 0
Net increase in loans and leases (6,638) 7,306 (23,009) (34,311) (43,248)
Bank owned life insurance premium 0 0 (124) (80) NA
Purchases of premises and equipment (314) (312) (2,399) (4,182) (368)
Net cash used in investing activities 2,008 30,744 (35,873) (39,865) (42,706)

CASH FLOWS FROM FINANCING ACTIVITIES

Net increase in deposits 26,349 (46,914) 6,279 10,405 29,969

Other borrowings

Change in net borrowings (16,241) NA NA NA NA
Change in customer repurchase agreements (4,600) NA NA NA NA
Proceeds from other borrowings NA 2,118 18,774 57,148 25,000
Repayments of other borrowings NA 0 (2,118) (18,774) (22,148)
Purchase of treasury shares (1,136) (927) (833) 0 NA
Proceeds from sale of treasury shares 12 14 18 27 40
Payments of deferred compensation (85) (154) (150) (144) NA
Cash dividends paid (1,194) (1,200) (1,446) (1,569) (1,177)
Net cash provided by financing activities 3,105 (47,063) 20,524 47,093 31,684
NET DECREASE IN CASH AND CASH EQUIVALENTS 9,948 (9,432) (8,736) 13,088 (8,625)

CASH AND CASH EQUIVALENTS

At beginning of period 22,407 32,355 22,922 14,186 27,274
At end of period 32,355 22,922 14,186 27,274 18,649

SUPPLEMENTAL CASH FLOW DISCLOSURES

Cash paid during the period for

Interest 2,687 2,227 2,195 3,394 4,282
Federal income taxes 660 665 860 425 0

Non-cash operating activity

Change in deferred income taxes on net unrealized gain or loss on available-for-sale securities 1,427 (8) (1,166) 382 NA

Non-cash investing activities

Transfer of loans to other real estate owned 0 372 721 241 70
Change in net unrealized gain or loss on available-for-sale securities 4,197 (23) (3,429) 1,124 (4,436)
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.
The Union Bank Co.

105 Progressive Drive
Columbus Grove, OH 45830
(800) 837-8111
Routing Number - 041213759