Bank of commerce holdings (BOCH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

14,961

15,730

7,344

5,259

8,586

5,727

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

7,935

7,560

6,684

5,485

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

6,268

Provision for loan and lease losses

-

-

950

-

0

3,175

2,750

9,400

8,991

12,850

9,475

Provision for unfunded commitments

-

-

-

-

-

-

200

-

-

-

-

Provision for depreciation and amortization

1,367

1,738

2,061

1,908

1,524

1,320

-

-

-

-

-

Provision for unfunded commitments

-

-

-

-

-

-

-

-150

0

0

-

Provision for depreciation and amortization

-

-

-

-

-

-

993

874

833

895

1,222

Amortization of core deposit intangible

720

221

221

185

0

0

-

-

-

-

-

Amortization of debt issuance costs

48

48

45

40

4

0

-

-

-

-

-

Compensation expense associated with stock options

-

8

23

24

42

54

24

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

32

-

Compensation expense associated with stock options

-

-

-

-

-

-

-

61

36

54

80

Compensation expense associated with restricted stock

414

288

273

215

89

6

6

-

-

-

-

Tax benefits from vesting of restricted stock

9

46

53

-

0

-

-

-

-

-

-

Gain on sale of mortgage loans

-

-

-

-

-

-

-

-

-

-

5,834

Gross proceeds from sales of loans held-for-sale, carried at cost

-

-

-

-

-

-

-

437,940

360,336

458,234

455,114

Gross originations of loans held-for-sale, carried at cost

-

-

-

-

-

-

-

410,699

375,586

468,272

445,269

Net gain on sale or call of securities

186

44

137

244

443

-159

995

3,822

1,550

-

-

Other-than-temporary impairment on investment securities

-

-

0

546

0

0

-

-

-

-

-

Net gain on sale of securities available-for-sale

-

-

-

-

-

-

-

-

-

1,981

2,438

Amortization of investment premiums and accretion of discounts, net

-1,477

-1,845

-2,031

-1,715

-1,876

-1,662

-1,153

-321

-1,290

-492

227

Amortization of premiums and accretion of discounts on acquired loans, net

1,598

355

-

-

-

-

-

-

-

-

-

Accretion of held-to-maturity fair value adjustments

-

-

56

97

144

155

155

65

0

0

-

Loss on cancellation of interest rate swap

-

-

-

-2,325

0

0

-

-

-

-

-

Gain on transfer of financial assets

-

-

-

-

-

-

-

-

-

-

341

Gain on disposal of fixed assets

-

-

-

-

-

-7

-6

-4

-2

1

-1

Write-down of fixed assets

-

-

-

-

238

0

-

-

-

-

-

Write-down of other real estate owned

-

-

-

-

0

290

-

-

-

-

-

Write-down of other real estate owned

-

-

52

66

-

-

-

-

-

-

-

Write down of other real estate owned

-

-

-

-

-

-

-

425

557

1,571

161

Gain on settlement of put reserve

-

-

-

-

-

-

-

-

-

1,750

-

Loss (gain) on sale of OREO

62

73

368

-109

13

-8

-130

-1,096

-662

-126

20

Increase in cash surrender value of life insurance

536

512

548

613

641

628

709

384

772

372

1,564

Deferred compensation and salary continuation plan payments

-1,507

-905

-

-

-

-

-

-

-

-

-

Increase in deferred compensation and salary continuation plans

1,853

972

-

-

-

-

-

-

-

-

-

Life insurance death benefit

-

-

502

-

0

-

-

-

-

-

-

Increase (decrease) in deferred compensation and salary continuation plans

-

-

18

-19

28

1,388

-115

566

518

433

449

Decrease (increase) in deferred loan fees and costs

235

217

386

454

713

-146

-9

275

127

119

-122

Gain on repayment of junior subordinated debentures

-

-

-

-

-

406

-

-

-

-

-

Decrease in deferred income taxes

-154

-595

-271

-132

-584

191

1,130

2,143

-729

1,538

1,159

Deferred tax asset write-down

-

-

2,490

363

0

-

-

-

-

-

-

(Increase) decrease in other assets

-1,079

-345

-863

-118

-538

946

5,145

495

-3,547

2,408

4,250

Increase in other liabilities

-1,292

1,094

-961

306

-1,219

2,464

4,971

120

95

1,887

-485

Decrease in assets from discontinued operations

-

-

-

-

-

-

-

16,453

-5,387

-

-

Decrease in liabilities and equity from discontinued operations

-

-

-

-

-

-

-

-12,408

5,387

-

-

Decrease in assets from discontinued operations

-

-

-

-

-

-

-

-

-

-7,792

-

Decrease in liabilities and equity from discontinued operations

-

-

-

-

-

-

-

-

-

-7,792

-

Net cash provided by operating activities

16,648

20,732

13,631

11,884

10,336

14,080

9,928

44,679

6,245

5,618

11,305

Cash flows from investing activities:
Proceeds from maturities and payments of available-for-sale securities

64,183

31,538

23,551

31,685

23,426

20,248

12,059

24,907

36,776

58,978

32,699

Proceeds from sale of available-for-sale securities

117,299

30,235

64,349

51,025

71,277

93,545

103,303

112,149

104,276

79,680

78,773

Purchases of available-for-sale securities

97,741

57,616

150,888

104,134

69,362

79,852

141,573

143,990

150,311

250,665

55,928

Proceeds from maturities and payments of held-to-maturity securities

-

-

1,098

4,963

1,099

311

57

-

0

-

-

Purchases of held-to-maturity securities

-

-

-

-

-

244

5,151

12,653

-

-

-

Investment in Qualified Zone Academy Bonds

-

-

1,000

2,000

0

0

-

-

-

-

-

Purchases of held-to-maturity securities

-

-

-

-

-

-

-

-

0

0

66,694

Investment in qualified affordable housing partnerships

6

38

124

697

1,133

2,371

-

-

-

-

-

Net purchase of Federal Home Loan Bank of San Francisco stock

34

1,355

72

-

-1,263

1,198

-

-

-

-

-

Purchases of home equity loan portfolio

-

-

-

-

-

-

-

-

-

14,801

-

Loan originations, net of principal repayments

32,707

57,690

76,016

105,892

46,554

21,344

-64,790

67,560

1,680

759

33,334

Net repayment on loan pools

-32,796

8,499

1,158

-18,666

12,715

48,775

-

-

-

-

-

Purchase of life insurance

-

-

-

-

-

5,000

-

5,000

-

-

-

Purchase of premises and equipment

1,958

351

584

2,873

705

2,729

2,156

1,313

586

584

374

Proceeds on sale of fixed assets

-

-

-

-

-

-

-

-

-

1

-

Proceeds from the sale of OREO

132

217

2,111

636

3,111

802

3,603

5,387

2,371

3,454

315

Acquisition of Merchants Holding Company, net of cash paid

2,875

-

-

-

-

-

-

-

-

-

-

Proceeds from life insurance policy

-

-

2,249

-

0

-

-

-

-

-

-

Proceeds from settlement of note to former mortgage subsidiary

-

-

-

-

-

686

-

-

-

-

-

Payments to derivative counterparties for the termination of interest rate swaps

-

-

-

2,578

0

0

503

-

-

-

-

Acquisition of branches, net of cash paid

-

-

-

142,411

0

0

-

-

-

-

-

(Payments) proceeds from the termination of interest rate swaps

-

-

-

-

-

-

-

-

3,000

-

-

Proceeds from sale of mortgage subsidiary

-

-

-

-

-

-

-

321

0

0

265

Net cash (used) provided by investing activities

79,089

-63,559

-136,484

31,212

-30,293

-45,921

34,429

-87,752

-6,154

-124,696

-44,278

Cash flows from financing activities:
Net decrease in demand, money market and savings

-16,162

65,857

124,201

84,722

35,382

46,470

51,386

60,944

46,025

38,974

7,680

Net decrease in certificates of deposit

-38,599

-36,873

-26,135

-32,838

-20,682

-3,728

-6,145

-28,196

-29,296

-30,022

77,502

Net decrease in securities sold under agreements to repurchase

-

-

-

-

-

-

-13,095

-684

231

3,927

-4,233

Advances on term debt

180,160

230,160

30,260

55,000

260,000

250,000

900,000

659,000

636,000

752,000

475,140

Repayment of term debt

183,656

233,761

32,080

131,172

240,083

250,000

950,000

643,000

668,000

681,000

536,950

Repayment of junior subordinated debentures

-

-

-

-

-

4,629

-

-

-

-

-

Debt issuance costs paid

-

-

-

-

223

0

-

-

-

-

-

Proceeds from stock options exercised

52

216

245

10

156

23

17

-

0

-

-

Repurchase of common stock

-

-

-

-

-

4,562

10,614

4,305

0

-

-

Net proceeds from the issuance of Series B, preferred stock

-

-

-

-

-

-

-

-

2,931

0

-

Repurchase of common stock

-1,010

-

26,778

-

0

-

-

-

-

32,971

-

Cash paid for shares surrendered for tax-withholding purposes

94

103

77

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

20,000

0

-

-

-

-

-

Preferred stock extinguishment costs

-

-

-

-

33

0

-

-

-

-

-

Cash dividends paid on preferred stock

-

-

-

-

189

200

347

945

737

850

852

Repurchase of common stock

-

-

-

-

-

-

-

-

-

0

-

Cash dividends paid on common stock

3,189

2,274

1,776

1,603

1,601

1,626

2,112

1,988

2,039

2,575

2,265

Repurchase of common stock warrants

-

-

-

-

-

-

-

-

125

-

-

Net cash used by financing activities

-62,498

23,222

121,416

-25,881

12,727

31,748

-30,910

40,826

-15,010

113,425

16,022

Net (decrease) increase in cash and cash equivalents

33,239

-19,605

-1,437

17,215

-7,230

-93

13,447

-2,247

-14,919

-5,653

-16,951

Interest

-

-

-

-

-

4,192

4,123

6,868

8,698

9,505

12,415

Supplemental disclosures of cash flow activity:
Transfer of loans to other real estate owned

74

140

981

147

3,888

689

-

-

-

-

-

Transfer of fixed asset to other real estate owned

-

-

-

-

170

0

-

-

-

-

-

Unrealized gain on investment securities available-for-sale, net of gains included in net income

7,963

-3,818

892

-2,964

-985

6,307

-6,648

1,586

4,767

-4,323

1,255

Changes in net deferred tax asset related to changes in net unrealized gain on investment securities available-for-sale

-2,354

1,128

-368

1,220

402

-2,596

2,739

-653

-1,962

1,779

-516

Changes in accumulated other comprehensive income due to net unrealized gain on investment securities available-for-sale

5,609

-2,690

524

-1,744

-583

3,711

-3,909

933

2,805

-2,544

739

Cash paid during the period for:
Income taxes

6,007

2,727

3,846

2,705

4,123

419

7,859

5,563

3,366

3,711

3,496

Interest

6,029

5,171

4,581

5,142

4,628

-

-

-

-

-

-

Operating leases

897

809

-

-

-

-

-

-

-

-

-

Accretion of held-to-maturity fair value adjustment from other comprehensive income to interest income

-

-

-56

-97

-144

-

-

-

-

-

-

Reclassification of fair value adjustment to investment securities held-to-maturity

-

-

-

-

-

-

-

839

0

0

-

Accretion of held-to-maturity investment securities from other comprehensive income to interest income

-

-

-

-

-

-155

-155

-65

0

0

-

Changes in deferred tax related to accretion of held-to-maturity investment securities

-

-

23

-

0

64

64

27

0

0

-

Changes in deferred tax asset related to reclassification of fair value adjustment to investment securities held-to-maturity

-

-

-

-

-

-

-

-345

0

0

-

Changes in accumulated other comprehensive income (loss) due to accretion of held-to-maturity investment securities

-

-

-33

-97

-144

-91

-91

456

0

0

-

Fair value adjustment for held to maturities securities transferred to available-for-sale

-

-

167

-

0

-

-

-

-

-

-

Changes in deferred tax related to transfer of held-to-maturity investment securities to available-for-sale

-

-

69

-

0

-

-

-

-

-

-

Net fair value adjustment for held-to-maturity securities transferred to available-for-sale

-

-

98

-

0

-

-

-

-

-

-

Changes in accumulated other comprehensive income (loss) related held-to-maturity investment securities

-

-

131

97

144

-

-

-

-

-

-

Reclassification of accumulated other comprehensive income due to tax rate change

-

52

-

-

-

-

-

-

-

-

-

Changes in unrealized loss on derivatives

-

-

-

-348

-584

-333

691

-2,489

-938

2,340

-

Changes in net deferred tax asset related to changes in unrealized loss on derivatives

-

-

-

143

242

136

-284

1,024

387

-963

-

Changes in accumulated other comprehensive income (loss) due to changes in unrealized loss on derivatives

-

-

-

-205

-342

-197

407

-1,465

-551

1,377

-

Reclassification of losses on derivatives

-

-

-

2,721

1,435

-1,900

-304

-500

0

0

-

Reclassification of earnings from gains on derivatives

-

-

-

2,721

1,435

-

-

-

-

-

-

Changes in net deferred tax asset related to reclassification of losses on derivatives

-

-

-

-1,120

-592

782

247

208

0

0

-

Changes in accumulated other comprehensive income (loss) due to reclassification of losses on derivatives

-

-

-

1,601

843

-1,118

-57

-292

0

0

-

Supplemental disclosures of non cash financing activities:
Reclassification of securities available-for-sale to held-to-maturity

-

-

-

-

-

-

-

18,797

0

0

-

Accretion of preferred stock, Series A

-

-

-

-

-

-

-

-

269

90

90

Redemption of preferred stock, Series A

-

-

-

-

-

-

-

-

17,000

0

-

Vested and granted restricted stock issued under employee plans

-

-

-

84

36

66

-

-

19,931

0

-

Stock issued under employee plans

58

45

41

-

0

-

-

-

-

-

-

Preferred stock accretion

-

-

-

-

0

-

-

-

-

-

-

Transfer of investment securities from HTM to AFS

-

-

30,330

-

0

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

1,585

6,238

5,033

4,559

402

Right-of-use lease asset recorded on new leases

267

-

-

-

-

-

-

-

-

-

-

Right-of-use lease asset recorded on adoption of ASU No. 2016-02

3,905

-

-

-

-

-

-

-

-

-

-

Lease liability recorded on adoption of ASU No. 2016-02

4,363

-

-

-

-

-

-

-

-

-

-

Transactions related to the acquisition of Merchants Holding Company:
Assets acquired - fair value

215,055

-

-

155,230

0

0

-

-

-

-

-

Goodwill

11,006

-

-

665

0

0

-

-

-

-

-

Liabilities assumed - fair value

191,154

-

-

149,239

0

0

-

-

-

-

-

Assets Acquired

-

-

-

-

-

-

-

-

-

-

14,857

Liabilities Assumed

-

-

-

-

-

-

-

-

-

-

14,057