← UNITY BANCORP INC /NJ/
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $13.2m | $12.9m | $21.9m | $23.7m | $23.6m | $36.1m | $38.5m | $39.7m | $41.5m | $58.0m | — | |
| Depreciation and amortization | $734k | $1.2m | $1.9m | $1.6m | $1.9m | $1.6m | $2.8m | $2.4m | $2.6m | $2.8m | $2.7m | |
| Depreciation | $1.1m | $1.4m | $1.6m | $1.7m | $1.6m | $1.6m | $1.4m | $1.4m | $1.5m | $1.4m | $2.7m | |
| Deferred Income Tax Expense (Benefit) | $110k | $1.5m | ($1.3m) | ($299k) | ($3.1m) | ($1.5m) | ($1.2m) | ($87k) | ($1.7m) | ($840k) | ($1.5m) | |
| Share-based Payment Arrangement, Noncash Expense | $545k | $746k | $1.1m | $1.3m | $1.4m | $1.6m | $1.7m | $1.8m | $1.8m | $2.1m | $2.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $213k | $222k | $251k | — | — | — | — | — | |
| Stock compensation expense | $545k | $746k | $1.1m | $1.3m | $1.4m | $1.6m | $1.7m | $1.8m | $1.8m | $2.1m | — | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | — | $1.5m | — | — | |
| Net change in other assets and liabilities | $639k | $1.2m | $1.1m | $1.5m | ($3.7m) | $1.8m | $1.2m | $4.4m | $3.0m | ($12.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $8.8m |
$14.4m
+64.42%
|
$38.6m
+167.08%
|
$33.2m
-13.96%
|
$33.7m
+1.63%
|
$23.5m
-30.50%
|
$42.7m
+81.93%
|
$46.9m
+9.94%
|
$48.0m
+2.30%
|
$44.9m
-6.42%
|
$27.6m
-38.44%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $766k | $0 | ($4k) | — | — | — | — | ($4.2m) | |
| Payments to Acquire Property, Plant, and Equipment | $9.6m | $1.5m | $1.5m | $709k | $559k | $1.3m | $1.5m | $955k | $693k | $564k | ($617k) | |
| Equipment Expense | $1.7m | $2.1m | $2.3m | $2.9m | $2.6m | $2.6m | $2.5m | $2.8m | $3.1m | $3.2m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $8.9m | $13.2m | $5.4m | $5.4m | $15.2m | $12.6m | $4.5m | $4.3m | $7.8m | $37.2m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($4k) | $35k | $317k | $44k | — | — | $0 | ($11k) | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | $35k | $317k | $44k | — | — | — | — | — | |
| Maturities and principal payments on debt securities held to maturity | $2.2m | $4.3m | $1.4m | $633k | — | $7.6m | $5.3m | — | $100k | $4.8m | — | |
| Maturities and principal payments on debt securities available for sale | $8.9m | $13.2m | $5.4m | $5.4m | $15.2m | $12.6m | $4.5m | $4.3m | $7.8m | $37.2m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($81.8m) | ($219.6m) | ($140.7m) | ($133.1m) | ($186.8m) | ($31.4m) | ($541.3m) | ($57.8m) | ($92.8m) | ($256.8m) | ($275.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Gain (Loss) | — | — | ($199k) | $373k | $93k | $609k | ($1.3m) | $7k | $586k | $5.6m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | — | $52k | $322k | $46k | — | $345k | $94k | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | $39.4m | — | — | $7.9m | |
| Proceeds (repayments) of short-term borrowings, net | — | — | — | — | — | — | — | ($66.0m) | ($137.0m) | $30.0m | — | |
| Proceeds from long-term borrowings, net | — | — | — | — | — | — | — | $39.4m | $1.1m | $5.3m | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $7.4m | $4.2m | $42k | $15.7m | $6.2m | $5.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $2 | $2 | $3 | $3 | $3 | $4 | $4 | $5 | $5 | $6 | ($6.0m) | |
| Proceeds from Issuance of Common Stock | $14.6m | $14.6m | — | — | — | — | — | — | — | — | — | |
| Dividends on common stock | ($2) | ($2) | ($3) | ($3) | ($3) | ($4) | ($4) | ($5) | ($5) | ($6) | — | |
| Net Cash Provided by (Used in) Financing Activities | $90.8m |
$249.5m
+174.90%
|
$97.3m
-61.00%
|
$112.4m
+15.50%
|
$214.3m
+90.67%
|
$33.5m
-84.37%
|
$368.6m
+1000.50%
|
$90.9m
-75.33%
|
$30.5m
-66.47%
|
$248.0m
+713.47%
|
$204.4m
-17.59%
|
|
| Increase (decrease) in cash and cash equivalents | $17.7m | $44.4m | ($4.7m) | $12.5m | $61.3m | $25.5m | ($130.0m) | $80.0m | ($14.3m) | $36.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $12.5m | $61.3m | $25.5m | ($130.0m) | $80.0m | ($14.3m) | $36.1m | $250.3m | |
| Cash and cash equivalents, beginning of period | — | $150.3m | $145.5m | $158.0m | $219.3m | $244.8m | $114.8m | $194.8m | $180.4m | $216.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $158.0m | $219.3m | $244.8m | $114.8m | $194.8m | $180.4m | $216.5m | $250.3m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $378k | $469k | $975k | $588k | $613k | $689k | $636k | $852k | $544k | $774k | — | |
| Proceeds from Stock Options Exercised | $550k | $509k | $576k | $453k | $451k | $630k | $1.7m | $1.7m | $1.9m | $512k | — | |
| Parent Company | $1.5m | $2.4m | $2.8m | $3.3m | $3.3m | $3.6m | $4.4m | $4.7m | $5.0m | $5.6m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.8m | $9.4m | $13.5m | $18.0m | $14.7m | $7.9m | $10.1m | $47.3m | $57.3m | $56.2m | — | |
| Income Taxes Paid, Net | $7.6m | $7.0m | $5.9m | $8.2m | $11.1m | $14.0m | $13.9m | $13.2m | $14.1m | $14.0m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $338k | ($224k) | $565k | ($1.3m) | $7k | $586k | $5.6m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $17k | $5k | $4k | — | $345k | $94k | $3.5m | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $321k | ($229k) | $561k | ($1.3m) | ($338k) | $492k | $2.1m | — | |
| Gain (Loss) on Sale of Mortgage Loans | $1.6m | $1.5m | $1.7m | $2.1m | $6.3m | $4.6m | $1.4m | $1.5m | $1.5m | $1.5m | — | |
| Goodwill | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | $1.5m | — | |
| Income Tax Expense (Benefit) | $7.3m | $9.5m | $5.4m | $6.7m | $7.5m | $12.0m | $13.0m | $13.3m | $12.9m | $17.6m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | $1.8m | $2.4m | $6.7m | — | |
| Unrealized Gain (Loss) on Derivatives | $1.2m | $1.4m | $1.4m | — | — | — | — | — | — | — | — | |
| Provision for credit losses, loans | — | — | — | — | — | — | $4.2m | $1.8m | $2.4m | $6.7m | — | |
| (Release) Provision for credit losses, AFS securities | — | — | — | — | — | — | — | $1.3m | $1.5m | ($2.8m) | — | |
| Net accretion of purchase premiums and discounts on securities | $346k | $290k | $220k | $189k | $241k | $209k | $13k | ($264k) | ($256k) | ($85k) | — | |
| Net securities gains | ($424k) | ($62k) | $199k | — | — | — | — | — | ($586k) | ($5.6m) | — | |
| Gain on sale of mortgage loans, net | ($1.6m) | ($1.7m) | ($1.4m) | ($2.1m) | ($5.6m) | ($4.6m) | ($1.4m) | ($1.5m) | ($1.5m) | ($1.5m) | — | |
| Gain on sale of SBA loans held for sale, net | ($2.1m) | ($1.6m) | ($1.7m) | ($909k) | ($1.6m) | ($741k) | ($954k) | ($1.3m) | ($660k) | ($705k) | — | |
| BOLI income | ($378k) | ($469k) | ($975k) | ($588k) | ($613k) | ($689k) | ($636k) | ($852k) | ($544k) | ($774k) | — | |
| Purchases of securities held to maturity | ($11.3m) | ($163k) | $0 | $0 | — | ($21.9m) | ($26.7m) | ($100k) | ($5.0m) | — | — | |
| Purchases of equity securities | $0 | $0 | ($1.1m) | $0 | $0 | ($6.1m) | ($2.5m) | ($126k) | ($2.2m) | ($2.7m) | — | |
| Purchases of securities available for sale | ($9.3m) | ($29.4m) | ($579k) | ($13.1m) | ($3.8m) | ($30.3m) | ($49.3m) | ($650k) | ($10.5m) | ($15.4m) | — | |
| (Purchases) redemption from sale of FHLB stock, at cost | — | — | — | — | — | — | — | — | $5.9m | ($1.8m) | — | |
| Proceeds from sales of securities available for sale | $12.5m | $2.8m | $0 | $5.6m | $6.6m | $7.0m | $0 | — | — | $1.0m | — | |
| Proceeds from sales of equity securities | — | $0 | $0 | $198k | $111k | $53k | $0 | $2.2m | $785k | $6.6m | — | |
| Net increase in loans | ($82.7m) | ($193.6m) | ($147.2m) | ($128.9m) | ($88.8m) | ($80.0m) | ($497.9m) | ($69.2m) | ($89.9m) | ($285.9m) | — | |
| Net increase in deposits | $51.2m | $97.4m | $164.6m | $42.4m | $307.8m | $200.9m | $28.6m | $136.6m | $176.2m | $223.7m | — | |
| (Shares withheld for taxes), net of proceeds from stock option exercises | — | — | — | — | $229k | $379k | $1.4m | $1.3m | $1.5m | ($359k) | — | |
| Purchase of treasury stock, including excise tax accrual | — | — | — | — | ($7.4m) | ($4.2m) | ($42k) | ($15.7m) | ($6.2m) | ($5.0m) | — | |
| Establishment of lease liability and right-of-use asset | — | $0 | $0 | $3.2m | $28k | $3.1m | — | — | — | $725k | — | |
| Capitalization of servicing rights | $1.5m | $172k | $938k | $643k | $447k | $126k | $152k | $576k | $186k | $228k | — | |
| Transfer of loans to OREO | $2.0m | $872k | $127k | $2.2m | — | — | — | $251k | — | $1.5m | — |