Allegiance bancshares, inc. (ABTX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

3,516

13,986

12,047

14,248

12,678

13,163

8,879

7,556

7,711

3,204

2,986

5,395

6,047

5,771

5,471

5,254

6,355

4,212

4,220

3,883

3,471

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

1,856

2,038

2,001

1,933

1,931

2,031

685

629

602

607

622

594

595

586

600

610

616

632

622

615

575

Provision for loan losses

10,990

933

2,597

1,407

1,002

2,964

0

631

653

1,930

6,908

3,007

1,343

900

2,214

1,645

710

2,159

1,530

1,420

683

Deferred income tax (benefit) expense

-2,250

-

-

-

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net amortization of premium on investments

-506

-1,438

-1,099

-580

-934

-1,120

-786

-795

-832

-877

-872

-852

-826

-737

-719

-795

-534

-394

-360

-559

104

Excess tax benefit from stock based compensation

25

-94

69

-384

420

167

95

101

224

160

30

328

631

44

327

0

0

-

-

-

-

Bank owned life insurance income

151

157

153

155

159

163

137

138

141

145

146

146

148

153

154

153

166

171

167

174

92

Net accretion of discount on loans

1,149

1,741

1,892

2,542

2,678

2,495

0

147

60

96

128

172

236

274

309

351

553

524

618

1,134

1,216

Net amortization of discount on subordinated debt

-28

-28

-28

-27

-28

-28

-27

-28

-27

-27

-28

-27

-26

-27

-27

-27

-26

-27

-30

-79

-82

Net amortization of discount on certificates of deposit

110

485

0

0

287

364

0

0

3

0

0

-250

253

19

53

-558

733

118

161

203

257

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

-2,283

-45

0

70

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of securities

194

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of branch assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,050

0

0

0

0

Federal Home Loan Bank stock dividends

71

71

100

174

58

128

119

82

67

72

83

72

46

41

28

18

14

-

-

-

-

Stock based compensation expense

804

823

789

881

607

470

380

397

438

486

497

456

341

423

371

353

354

400

309

331

311

Net change in operating leases

636

-

-

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in accrued interest receivable and other assets

4,141

1,451

293

544

-2,177

-710

1,101

2,861

-1,116

1,915

1,099

3,702

-698

-3,202

-88

3,837

-288

1,139

441

-87

-127

(Decrease) Increase in accrued interest payable and other liabilities

-2,118

-3,306

4,006

-1,467

3,820

-3,741

4,933

131

499

1,084

79

1,428

545

-3,334

1,237

1,203

43

-329

1,266

892

-1,326

Net cash provided by operating activities

10,410

12,104

20,985

14,153

19,625

13,601

14,238

6,837

11,383

6,218

10,518

7,589

9,107

6,143

9,796

6,086

5,410

5,094

6,712

6,361

2,254

Proceeds from maturities and principal paydowns of available for sale securities

164,575

1,216,576

757,492

933,598

554,829

313,913

201,877

1,311,421

501,653

835

2,622

1,101,447

902,938

1,166

602,766

937,888

1,024,262

1,012,008

739,803

4,360

469,829

Proceeds from sales of available for sale securities

29,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,195

0

0

14,748

Purchase of available for sale securities

309,922

1,262,008

759,711

1,083,613

558,438

318,179

204,146

1,306,461

505,363

18,480

5,347

1,111,165

903,331

23,751

612,363

1,020,513

1,073,897

1,024,111

740,885

61,393

480,942

Net change in total loans

49,052

30,787

28,918

54,922

51,357

97,689

82,587

70,806

19,232

71,243

92,094

128,726

93,996

61,178

76,357

36,369

55,382

64,377

56,619

115,838

36,814

Purchase of bank premises and equipment

1,510

1,106

11,214

650

415

1,562

411

370

1,076

616

460

500

557

921

394

115

81

48

360

783

748

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

485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

Net purchases of Federal Home Loan Bank stock

6,485

-7,967

5,172

-5,673

3,366

-3,467

-5,074

2,596

1,199

0

-3,968

-3,260

6,642

1,196

-1,676

4,831

6,154

-

-

-

-

Net cash paid for the LoweryBank branch acquisition

-

-

-

-

32,867

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash paid for the sale of branch assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,250

0

0

0

0

Net cash used in investing activities

-172,174

-43,829

-47,523

-50,548

-91,614

143,067

-229,559

80,554

-25,217

-59,291

-90,261

-126,684

-101,588

-83,380

-84,672

-123,940

-116,502

-69,214

-60,309

-176,552

62,559

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

-34,700

24,393

54,416

-8,497

-41,260

-13,542

39,918

54,907

11,770

-29,841

50,424

47,302

21,474

-10,527

-26,411

-53,556

70,453

59,547

4,271

1,878

-4,700

Net (decrease) increase in interest-bearing deposits

-79,717

146,708

-17,571

89,076

143,323

-48,659

80,087

-25,923

59,061

-42,800

136,949

39,378

120,908

-20,150

84,004

53,683

40,186

43,777

26,953

-20,274

24,924

Net change in other borrowed funds

100,000

-

-

-

-23,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in borrowings under credit agreement

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to common shareholders

2,033

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

0

0

18,000

Paydowns on borrowed funds

-

-

-

-

-

-

64,000

-43,000

50,000

-

103,000

-10,000

10,000

-

-

-

-

27,500

0

0

18,000

Paydowns of short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,000

-

40,000

75,000

0

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

173

260

126

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

1,157

1,850

496

402

664

1,441

773

548

988

1,035

306

760

2,147

930

502

300

274

0

1

25

107

Repurchase of treasury stock

9,302

11,508

80,324

-50,513

17,344

-

-

-

-

-

-

-

-

0

0

0

38

-1

-102

51

0

Net cash (used in) provided by financing activities

-9,595

77,354

94,550

10,159

61,885

-79,189

56,778

72,532

21,819

42,749

84,679

122,440

134,529

-5,747

89,095

145,427

145,951

67,961

59,502

56,318

20,205

NET CHANGE IN CASH AND CASH EQUIVALENTS

-171,359

45,629

68,012

-26,236

-10,104

77,479

-158,543

159,923

7,985

-10,324

4,936

3,345

42,048

-82,984

14,219

27,573

34,859

3,841

5,905

-113,873

85,018

NONCASH ACTIVITIES:
Acquired loans transferred to loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

33,409

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,662

SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid

-

-

-

-

-

1,950

1,400

1,400

1,900

1,850

2,900

3,100

0

2,300

3,000

4,200

1,900

1,900

2,200

2,300

1,100

Interest paid

12,932

14,211

12,443

14,355

10,847

9,760

11,672

1,110

4,900

4,513

3,849

3,659

3,421

7,959

243

70

2,228

2,145

2,028

1,915

1,732

Cash paid for operating lease liabilities

817

-

-

-

931

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

15,266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans transferred to other real estate

4,280

4

2,039

5,142

522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other real estate transferred to loans

1,615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security trades not yet settled

16,939

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-