Allegiance bancshares, inc. (ABTX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

52,959

37,309

17,632

22,851

15,786

9,005

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and core deposit intangibles amortization

7,903

3,947

2,418

2,412

2,444

1,382

Provision for loan losses

5,939

4,248

13,188

5,469

5,792

2,150

(Gain) loss on the sale of securities

-

-

-

-

-37

82

Deferred income tax (benefit) expense

-87

-256

427

-1,608

-446

277

Net amortization of premium on investments

-4,051

-3,533

-3,427

-2,785

-1,209

-710

Excess tax benefit from stock based compensation

11

587

1,149

371

40

-

Bank owned life insurance income

624

579

585

626

604

0

Net accretion of discount on loans

8,853

2,702

632

1,487

3,492

-83

Net amortization of discount on subordinated debt

-111

-110

-108

-107

-218

0

Net amortization of discount on certificates of deposit

772

367

3

247

739

515

Loss (gain) on sale or write-downs of other real estate and other repossessed assets

26

-428

6

60

-5

102

Net gain on sale of securities

1,459

-

18

30

-

-

Net gain on sale of branch assets

-

-

-

2,050

0

0

Net gain on sale of loans

-

-

-

-

235

0

Federal Home Loan Bank stock dividends

403

396

273

101

2

2

Stock based compensation expense

3,100

1,685

1,780

1,501

1,351

731

Net change in operating leases

2,097

-

-

-

-

-

(Increase) decrease in accrued interest receivable and other assets

111

2,136

6,018

259

1,366

-248

(Decrease) Increase in accrued interest payable and other liabilities

3,053

1,822

3,136

-851

503

-215

Net cash provided by operating activities

66,867

46,059

33,432

27,435

20,421

13,670

Proceeds from maturities and principal paydowns of available for sale securities

3,462,495

2,328,864

2,007,842

2,566,082

2,226,000

1,400,243

Proceeds from sales of available for sale securities

173,024

12,701

39,125

2,500

16,943

1,941

Purchase of available for sale securities

3,663,770

2,334,149

2,038,323

2,730,524

2,307,331

1,398,921

Net change in total loans

165,984

270,314

386,059

229,286

273,648

165,919

Proceeds from sale of loans

-

-

-

-

2,074

0

Purchase of bank premises and equipment

13,385

3,419

2,133

1,511

1,939

2,095

Proceeds from sale of bank premises, equipment and other real estate

1,871

-

1,138

-

0

520

Purchase of bank owned life insurance

-

-

-

-

10,000

0

Net purchases of Federal Home Loan Bank stock

-5,102

-4,746

-586

10,505

2,101

0

Net cash paid for the LoweryBank branch acquisition

32,867

-

-

-

-

-

Net cash paid for the sale of branch assets

-

-

-

5,250

0

0

Net cash and cash equivalents acquired in the purchase of Post Oak Bancshares, Inc.

-

230,416

-

-

106,486

0

Net cash used in investing activities

-233,514

-31,155

-377,824

-408,494

-243,516

-164,231

CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in noninterest-bearing deposits

29,052

93,053

89,359

-20,041

60,996

48,385

Net (decrease) increase in interest-bearing deposits

361,536

64,566

254,435

157,723

75,380

40,483

Net change in other borrowed funds

149,990

87,076

3,000

-

-

-

Net increase in borrowings under credit agreement

34,000

-

-

-

-

-

Paydowns on the credit agreement

34,000

-

-

-

-

-

Net change in short-term borrowings

-

-

-

235,000

-

-

Proceeds from borrowed funds

-

-

-

-

68,000

15,069

Paydowns on borrowed funds

-

-

-

-

45,500

10,000

Proceeds from subordinated notes issuance, net of offering expenses

58,601

-

39,355

-

0

-

Paydowns of short-term borrowings

-

-

-

-

-

0

Proceeds from short-term borrowings

-

-

-

-

-

0

Preferred stock dividends

-

-

-

-

559

0

Redemption of preferred stock

-

-

-

-

11,550

0

Proceeds from initial public offering

-

-

-

-

57,138

0

Proceeds from the issuance of common stock, stock option exercises and the ESPP

3,412

3,750

4,248

2,006

133

11,088

Cash paid for fractional shares related to the Post Oak acquisition

-

21

-

-

-

-

Registration expenses related to common stock issued in the Post Oak acquisition

-

220

-

-

-

-

Repurchase of treasury stock

58,663

2,112

-

38

-52

0

Net cash (used in) provided by financing activities

243,948

71,940

384,397

374,726

203,986

105,025

NET CHANGE IN CASH AND CASH EQUIVALENTS

77,301

86,844

40,005

-6,333

-19,109

-45,536

NONCASH ACTIVITIES:
Acquired loans transferred to loans held for sale

-

-

-

-

33,409

0

Acquired premises and equipment and accrued interest receivable transferred to branch assets held for sale

-

-

-

-

1,662

0

SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid

15,400

6,650

7,850

11,400

7,500

4,900

Interest paid

51,856

27,442

15,442

10,500

7,820

6,039

Cash paid for operating lease liabilities

3,543

-

-

-

-

-

SUPPLEMENTAL NONCASH DISCLOSURE:
Lease right-of-use asset obtained in exchange for lessee operating lease liabilities

13,277

-

-

-

-

-

Loans transferred to other real estate

7,707

265

-

-

-

-