XML 38 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net income $ 3,475us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,513us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustments to reconcile net income to net cash (used in ) provided by operating activities:    
Investment securities amortization (accretion), net 463us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 295us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Equity in trust (1)us-gaap_IncomeLossFromEquityMethodInvestments (1)us-gaap_IncomeLossFromEquityMethodInvestments
Depreciation and amortization 360us-gaap_OtherDepreciationAndAmortization 382us-gaap_OtherDepreciationAndAmortization
Stock-based compensation 41us-gaap_ShareBasedCompensation 10us-gaap_ShareBasedCompensation
Credit for loan and lease losses (494)us-gaap_ProvisionForLoanAndLeaseLosses (1,570)us-gaap_ProvisionForLoanAndLeaseLosses
Valuation adjustment for off-balance sheet commitments (21)us-gaap_ProvisionForOtherCreditLosses (113)us-gaap_ProvisionForOtherCreditLosses
Gain on the sale of available-for-sale securities (2,224)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments (1,200)us-gaap_AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
Gain on the sale of held-to-maturity securities 0us-gaap_HeldtomaturitySecuritiesSoldSecurityRealizedGainLossExcludingOtherThanTemporaryImpairments (368)us-gaap_HeldtomaturitySecuritiesSoldSecurityRealizedGainLossExcludingOtherThanTemporaryImpairments
Gain on the sale of loans held for sale (40)us-gaap_GainLossOnSaleOfLoansAndLeases (75)us-gaap_GainLossOnSaleOfLoansAndLeases
Loss on the sale of education loans 0fncb_NetLossOnSaleOfEducationLoans 13fncb_NetLossOnSaleOfEducationLoans
Gain on branch divestiture 0us-gaap_GainLossOnDispositionOfAssets (607)us-gaap_GainLossOnDispositionOfAssets
Gain on the sale of other real estate owned (5)us-gaap_GainsLossesOnSalesOfOtherRealEstate (29)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Valuation adjustment of other real estate owned 12fncb_ValuationAdjustmentOtherRealEstateOwned 53fncb_ValuationAdjustmentOtherRealEstateOwned
Income from bank-owned life insurance (135)us-gaap_BankOwnedLifeInsuranceIncome (167)us-gaap_BankOwnedLifeInsuranceIncome
Proceeds from the sale of loans held for sale 1,085us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale 2,524us-gaap_ProceedsFromSaleOfMortgageLoansHeldForSale
Funds used to originate loans held for sale (442)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale (1,698)us-gaap_PaymentsForOriginationOfMortgageLoansHeldForSale
Increase in interest receivable (43)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet (399)us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Increase in prepaid expenses and other assets (324)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (453)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Increase in interest payable 526us-gaap_IncreaseDecreaseInInterestPayableNet 568us-gaap_IncreaseDecreaseInInterestPayableNet
(Decrease) increase in accrued expenses and other liabilities (2,278)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 4,822us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Total adjustments (3,520)us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 1,987us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net cash (used in) provided by operating activities (45)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 5,500us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Maturities, calls and principal payments of available-for-sale securities 2,236us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 1,502us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from the sale of available-for-sale securities 35,948us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 11,062us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from the sale of held-to-maturity securities 0us-gaap_ProceedsFromSaleOfHeldToMaturitySecurities 2,686us-gaap_ProceedsFromSaleOfHeldToMaturitySecurities
Purchases of available-for-sale securities (19,802)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (37,129)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Net purchase of Federal Home Loan Bank of Pittsburgh stock (258)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock (396)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Proceeds from the sale of education loans 0fncb_ProceedsFromSaleOfEducationLoans 2,537fncb_ProceedsFromSaleOfEducationLoans
Net increase in loans to customers (2,083)us-gaap_PaymentsForProceedsFromLoansAndLeases (12,606)us-gaap_PaymentsForProceedsFromLoansAndLeases
Proceeds from the sale of other real estate owned 37us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 798us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
Proceeds from the sale of bank premises and equipment through branch divestitures 0fncb_ProceedsFromSaleOfBankPremisesAndEquipment 2,504fncb_ProceedsFromSaleOfBankPremisesAndEquipment
Purchases of property and equipment (518)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (380)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash provided by (used in) investing activities 15,560us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (29,422)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Net decrease in deposits (20,225)us-gaap_IncreaseDecreaseInDeposits (49,065)us-gaap_IncreaseDecreaseInDeposits
Proceeds from Federal Home Loan Bank of Pittsburgh advances 6,512us-gaap_ProceedsFromFederalHomeLoanBankAdvances 17,500us-gaap_ProceedsFromFederalHomeLoanBankAdvances
Repayment of Federal Home Loan Bank of Pittsburgh advances (94)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings (10,089)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings
Net cash used in financing activities (13,807)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (41,654)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents 1,708us-gaap_NetCashProvidedByUsedInContinuingOperations (65,576)us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 35,667us-gaap_CashAndCashEquivalentsAtCarryingValue 103,556us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 37,375us-gaap_CashAndCashEquivalentsAtCarryingValue 37,980us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest 889us-gaap_InterestPaid 1,005us-gaap_InterestPaid
Income taxes 0us-gaap_IncomeTaxesPaidNet 25us-gaap_IncomeTaxesPaidNet
Other transactions:    
Available-for-sale securities purchased, not settled (1,013)us-gaap_AvailableforsaleSecuritiesSoldAtPar 0us-gaap_AvailableforsaleSecuritiesSoldAtPar
Principal balance of loans transferred to OREO 149us-gaap_TransferToOtherRealEstate 0us-gaap_TransferToOtherRealEstate
Change in deferred gain on sale of other real estate owned $ (9)fncb_DeferredGainsOnSalesOfOtherRealEstate $ 2fncb_DeferredGainsOnSalesOfOtherRealEstate