REPUBLIC FIRST BANCORP INCFRBK
| Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
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Net income (loss) | -25 | 4 | -3 | 2 | 2 | 5 | 9 | 9 | -3 | 5 | 25 |
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Goodwill impairment | - | - | - | - | - | - | - | - | - | 5 | - |
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Provision for loan losses | 16 | 1 | 5 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 6 |
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Write down of other real estate owned | - | - | 3 | 1 | 3 | 0 | 3 | 1 | 0 | 0 | 1 |
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Depreciation and amortization | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 6 | 8 | 8 |
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Deferred income taxes | - | - | - | - | - | - | - | 2 | 2 | 1 | -0 |
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Stock based compensation | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 3 | 2 | 2 |
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Gain on sale or call of investment securities | - | - | - | 0 | 0 | 1 | -0 | -0 | 1 | 3 | 0 |
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Fair value adjustments on equity securities | - | - | - | - | - | - | - | - | - | - | -0 |
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Amortization of premiums on investment securities | -0 | -0 | -1 | -1 | -1 | -2 | -2 | -3 | -4 | -7 | -8 |
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Accretion of discounts on retained SBA loans | - | - | - | - | 1 | -1 | -1 | -1 | -1 | -1 | -1 |
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Fair value adjustments on SBA servicing assets | - | - | - | - | 0 | 1 | 1 | 1 | 1 | 0 | 1 |
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Proceeds from sales of SBA loans originated for sale | - | - | - | - | - | 58 | 42 | 43 | 47 | 25 | 29 |
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SBA loans originated for sale | - | - | - | - | - | - | 37 | 43 | 41 | 24 | 28 |
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Gains on sales of SBA loans originated for sale | - | - | - | - | - | 5 | 3 | 3 | 3 | 2 | 3 |
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Proceeds from sales of mortgage loans originated for sale | - | - | - | - | - | 163 | 311 | 322 | 336 | 479 | 409 |
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Mortgage loans originated for sale | - | - | - | 43 | 32 | 162 | 321 | 292 | 318 | 504 | 364 |
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Fair value adjustment for mortgage loans originated for sale | - | - | - | - | - | - | 1 | -1 | -0 | 2 | -2 |
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Gains on mortgage loans originated for sale | - | - | - | - | - | 5 | 8 | 8 | 8 | 13 | 12 |
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Amortization of debt issuance costs | - | - | - | - | - | 24,000 | 29,000 | 6,000 | 6,000 | 0 | 0 |
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Non-cash expense related to leases | - | - | - | - | - | - | - | - | - | - | 0 |
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Repayment of operating lease liabilities | - | - | - | - | - | - | - | - | - | - | -6 |
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Net decrease (increase) in accrued interest receivable and other assets | -2 | 0 | 0 | 1 | 3 | 2 | 2 | 5 | 8 | 8 | -0 |
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Net increase in accrued interest payable and other liabilities | -0 | -0 | -0 | 0 | 0 | -1 | 2 | 2 | 2 | 7 | 4 |
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Net cash provided by (used in) operating activities | 8 | 7 | 1 | - | - | - | -1 | 40 | 19 | -11 | 83 |
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Purchase of investment securities available for sale | - | - | - | - | - | - | - | - | - | 284 | 706 |
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Purchase of equity securities | - | - | - | - | - | - | - | - | - | 9 | - |
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Purchase of investment securities held to maturity | - | - | - | - | 121 | 294 | 89 | 123 | - | 403 | 1,117 |
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Proceeds from the sale of securities available for sale | - | - | - | - | - | - | - | - | - | 125 | - |
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Proceeds from the paydown, maturity, or call of securities available for sale | - | - | - | - | 31 | 37 | 49 | 49 | 69 | 171 | 142 |
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Proceeds from the paydown, maturity, or call of securities held to maturity | - | - | 0 | 2 | 17 | 33 | 37 | 64 | 116 | 232 | 270 |
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Net (purchase) redemption of restricted stock | -1 | -2 | -2 | -0 | 2 | -2 | 1 | 4 | -3 | 0 | 0 |
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Net decrease (increase) in loans | 14 | 35 | 64 | 105 | 107 | 89 | 198 | 276 | 313 | 897 | -145 |
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Net proceeds from sale of other real estate owned | 9 | 0 | 3 | 0 | 1 | 1 | 0 | 0 | 5 | 1 | 0 |
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Premises and equipment expenditures | - | - | - | 15 | 14 | 14 | 23 | 18 | 36 | 14 | 13 |
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Net cash used in investing activities | -8 | -47 | -73 | - | - | - | -358 | -451 | -439 | -1,078 | -1,279 |
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Net proceeds from issuance of preferred stock | - | - | - | - | - | - | - | - | - | 48 | - |
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Net proceeds from exercise of stock options | - | - | - | 975 | 64,624 | 726,157 | 646,263 | 670,413 | 261,143 | 0 | 0 |
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Net increase in demand, money market and savings deposits | 211 | 30 | 25 | 206 | 185 | 385 | 380 | 292 | 537 | 1,052 | 1,166 |
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Net increase (decrease) in time deposits | -16 | -94 | -44 | -3 | -8 | 44 | 6 | 38 | 69 | -37 | 12 |
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Repayment of short-term borrowings | - | - | - | - | 47 | -67 | - | 91 | -91 | - | - |
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Net (repayment) increase in other borrowings | - | - | - | - | - | - | - | - | - | 634 | -634 |
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Preferred stock dividends paid | - | - | - | - | - | - | - | - | - | 1 | 4 |
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Return of short swing profit | - | - | - | - | - | - | - | - | - | 0 | - |
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Net cash provided by financing activities | 195 | -63 | -20 | - | - | - | 386 | 422 | 515 | 1,696 | 540 |
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Net (decrease) increase in cash and cash equivalents | - | - | - | - | - | - | - | - | - | 607 | -656 |
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Interest paid | 8 | 7 | 5 | - | - | - | 9 | 16 | 26 | 24 | 19 |
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Income taxes paid | - | - | - | - | - | - | - | - | - | - | 11 |
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Non-cash transfers from loans receivable to other real estate owned | - | - | - | 1 | 11 | 1 | 0 | 0 | 1 | 0 | 0 |
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Non-cash transfers from loans held for sale to loans receivable | - | - | - | - | - | - | - | - | - | - | 6 |
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Lease liabilities arising from obtaining right-of-use assets | - | - | - | - | - | - | - | - | - | - | 10 |
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