COMMUNITY TRUST BANCORP INC /KY/ CTBI Cash Flow

Community trust bancorp inc /ky/ (CTBI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
56,180	64,540	64,241	65,078	58,353	59,228	58,431	56,088	56,030	51,493	48,447	46,996	47,021	47,346	47,350	46,260	47,096	46,432	44,554	44,256	44,049	43,251	42,016	43,745	43,492	45,172	46,967	44,523	44,813	44,862	44,198	44,654	41,392	38,827	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
5,444	5,515	5,065	4,557	4,248	3,786	3,841	3,902	3,951	4,007	4,045	4,018	3,977	3,904	3,833	3,814	3,864	3,932	3,984	4,085	4,209	4,314	4,429	4,517	4,532	4,562	4,552	4,506	4,414	4,324	4,305	4,345	4,270	4,216	0	0	0
Deferred taxes
-5,457	-1,412	-2,991	-2,997	1,599	-246	-3,053	-3,050	-3,049	-3,090	304	309	308	701	-1,077	234	245	115	-758	-1,587	-220	-1,048	1,433	9,887	-766	582	8,351	-1,757	5,575	5,441	939	675	1,014	-94	0	0	0
Stock based compensation expense
887	859	802	742	674	710	742	734	725	636	558	525	482	458	612	631	709	783	822	895	858	852	748	707	725	698	647	633	610	592	594	482	642	650	0	0	0
Excess tax benefits of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-100	144	-49	-44	-104	-928	-898	-907	-760	-494	-540	-543	-572	-101	-90	-195	-496	-550	-557	-375	-23	0	0	0
Provision for credit losses
17,336	4,819	4,755	5,045	5,411	6,167	7,280	6,403	7,238	7,521	6,702	8,227	7,336	7,872	7,739	8,068	8,514	8,650	10,115	10,895	9,311	8,755	6,599	5,428	8,354	8,568	10,295	11,085	9,849	9,450	9,544	9,140	10,035	13,262	0	0	0
Amount of expense recognized in the income statement for write-down of other real estate owned (OREO) and other repossessed assets.
4,264	4,295	3,893	2,391	2,552	2,530	2,153	2,367	2,963	3,034	3,453	2,977	1,618	1,214	1,142	1,517	1,726	1,656	1,474	932	920	1,730	1,924	1,865	2,208	2,480	3,763	4,121	3,671	2,704	4,473	4,646	6,225	6,464	0	0	0
Gains on sales of loans, net
2,033	1,880	1,684	1,553	1,339	1,288	1,325	1,396	1,343	1,320	1,371	1,576	1,771	1,831	1,760	1,627	2,004	1,978	2,262	2,103	1,568	1,468	1,074	1,424	1,891	3,098	3,385	3,392	3,342	2,562	2,565	2,343	2,747	1,749	0	0	0
Securities gains, net
483	3	207	207	204	-85	-273	-223	-207	73	58	468	446	522	274	-172	-182	-106	76	30	-7	-211	-159	-148	-105	-45	305	328	1,120	1,155	0	0	0	-	-	-	-
Change in fair market value of equity securities
193	780	570	554	355	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sale of assets, net
-408	-360	-291	68	158	175	65	39	39	-40	33	19	-84	-46	129	261	372	321	185	101	63	73	182	68	-60	19	0	0	0	-	-	-	-	34	0	0	0
Proceeds from sale of mortgage loans held for sale
102,612	94,507	82,298	75,100	58,805	56,689	59,554	62,795	61,078	59,400	60,232	69,928	78,781	81,441	78,330	72,488	81,332	80,571	81,521	73,326	55,630	51,181	45,171	61,560	83,555	134,695	147,381	148,280	146,624	113,632	116,124	106,029	89,645	81,095	0	0	0
Funding of mortgage loans held for sale
88,333	91,333	81,528	73,521	69,970	56,829	57,653	57,868	58,281	57,869	58,391	71,269	76,902	79,682	76,662	70,575	80,530	77,501	80,875	72,320	53,956	51,149	43,697	58,041	81,826	109,939	143,993	146,840	143,090	133,021	113,504	104,105	124,943	79,427	0	0	0
Amortization of securities premiums and discounts, net
-5,201	-5,042	-4,751	-4,633	-4,659	-4,679	-4,710	-4,293	-3,769	-3,437	-3,213	-2,987	-2,689	-2,452	-2,160	-2,742	-2,971	-3,098	-3,202	-2,684	-2,687	-2,661	-2,766	-3,108	-3,554	-3,976	-4,453	-4,785	-5,174	-5,375	-5,432	-5,092	-5,662	-3,719	0	0	0
Change in cash surrender value of bank owned life insurance
-1,550	-1,567	-1,588	-1,576	-1,701	-2,924	-2,919	-2,956	-2,699	-1,473	-1,512	-1,496	-1,515	-1,546	-1,544	-1,603	-1,628	-1,638	-1,638	-1,588	-1,545	-1,506	-1,482	-1,495	-1,520	-1,488	-1,466	-1,426	-1,390	-1,410	-1,419	-1,416	-1,419	-1,407	0	0	0
Payment of operating lease liabilities
2,107	1,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage servicing rights [Abstract]
Fair value adjustments
2,017	975	1,494	1,215	349	343	-60	-17	197	361	83	-35	-55	324	568	919	455	289	665	353	856	830	513	597	-46	-206	-125	144	835	559	777	1,141	1,152	1,405	0	0	0
Amount of increase (decrease) to contract to service financial assets during the period.
1,108	631	583	562	33	466	472	451	429	412	402	472	697	521	1,388	1,075	548	557	-583	-526	-395	-374	-320	-437	-560	-854	-899	-863	-847	-641	-658	-615	-541	-526	0	0	0
Changes in:
Accrued interest receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
2,631	-4,941	-4,632	20,319	-19,951	14,694	11,488	7,318	29,197	2,996	2,715	1,800	2,786	3,205	564	273	6,686	6,274	9,969	10,555	3,039	60	-1,270	-2,298	-6,060	-4,647	-5,010	-6,602	-1,698	-1,792	798	-3,464	3,923	746	0	0	0
Accrued interest payable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-5,838	-2,440	-4,276	-3,730	9,499	9,660	10,975	8,082	-2,918	2,659	-7,912	7,443	6,163	2,874	10,547	-97	-10,857	-2,488	-1,464	-4,859	6,239	-1,339	-1,936	-5,033	6,990	323	-2,642	9,138	-8,928	7,130	-17,617	-10,376	9,101	-1,213	0	0	0
Net cash provided by operating activities
85,092	83,458	75,553	51,058	90,174	65,487	68,480	69,348	35,199	62,351	54,241	65,722	64,480	61,425	69,625	61,977	44,495	54,979	49,455	44,655	64,887	57,528	58,831	67,902	73,439	90,716	79,092	79,666	65,134	57,896	49,325	60,249	77,275	64,326	0	0	0
Cash flows from investing activities:
Interest Bearing Deposits In Banks [Abstract]
Purchase of certificates of deposit
-	-	-	-	-	-	-	-	-	11,760	11,515	11,515	8,820	0	0	0	0	-	-	-	-	-	-	-	-	4,472	2,877	4,472	2,867	0	-1,634	1,719	-2,856	0	0	0	0
The cash inflow associated with the maturity of interest bearing deposits in banks.
1,225	3,675	4,900	5,390	6,615	5,880	6,370	6,870	4,420	2,940	1,225	355	851	2,852	9,655	8,629	8,133	4,365	-433	179	84	1,616	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Securities available-for-sale (AFS):
Purchase of AFS securities
263,892	196,727	332,218	260,858	227,313	281,511	229,035	286,106	298,705	231,680	163,455	223,306	219,086	176,236	204,498	97,914	79,607	81,456	76,931	56,212	55,536	217,949	177,580	196,034	255,955	197,264	266,915	281,286	271,577	285,795	340,756	337,061	346,124	312,615	0	0	0
Proceeds from the sales of AFS securities
34,930	25,734	121,970	121,970	115,538	153,315	78,192	141,290	137,799	87,472	66,359	54,198	50,937	54,446	54,446	6,763	36,224	44,198	66,660	63,406	33,945	135,411	141,531	155,885	155,885	42,936	0	0	0	-	-	-	-	-	-	-	-
Proceeds from prepayments and maturities of AFS securities
199,877	174,125	144,350	142,995	118,934	109,701	166,647	153,815	150,078	159,584	113,947	124,913	131,443	104,302	95,286	98,249	85,812	79,068	70,738	57,759	55,991	63,023	67,295	81,566	100,686	112,412	150,155	167,429	167,603	169,592	161,303	143,875	132,720	117,996	0	0	0
Securities held-to-maturity (HTM):
Proceeds from maturities of HTM securities
619	132	142	40	40	10	199	199	199	207	323	803	803	795	480	0	0	1	1	1	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in loans, net
106,100	46,162	41,763	28,206	76,341	93,151	73,973	92,693	158,857	194,548	190,525	163,510	91,091	74,379	128,108	157,606	160,292	161,702	158,260	181,525	179,600	132,906	73,542	51,672	32,311	76,442	74,822	51,035	32,348	7,664	1,820	1,814	-4,683	-4,632	0	0	0
Purchase of premises and equipment
2,767	2,570	2,314	1,791	2,551	2,832	3,062	3,296	2,420	2,400	2,768	2,939	3,104	3,498	2,972	2,925	2,781	2,246	2,016	2,446	2,177	2,081	2,922	2,204	2,088	2,105	1,411	2,334	3,132	4,301	4,133	3,526	2,778	3,116	0	0	0
Proceeds from sale and retirement of premises and equipment
-	-	-	-	-	97	23	23	19	25	25	25	35	10	0	0	0	-	-	-	-	82	-23	28	66	48	98	58	35	108	335	346	344	271	0	0	0
Redemption of stock by Federal Home Loan Bank
1,787	4,239	3,919	6,567	5,666	3,214	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	7,746	7,746	7,746	7,745	0	-2	-1	0	0	2	2	416	449	0	0	0
Investment in Federal Home Loan Bank stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional investment in Federal Reserve Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	18	18	18	1	1	1	2	1	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned and repossessed assets
2,793	3,641	4,791	4,680	3,992	3,485	1,992	3,374	3,604	3,574	4,633	3,016	4,220	5,601	5,765	8,985	9,122	9,287	9,726	7,579	6,850	6,714	8,057	7,334	9,404	9,914	9,575	11,771	11,340	11,082	10,736	10,128	10,178	9,258	0	0	0
Additional investment in other real estate owned and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	85	85	85	0	-167	-42	1	6	191	426	460	545	1,017	850	820	744	0	0	0
Additional investment in bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,306	7,950	7,306	7,949	0	0	0	0	-	-	-	-
Proceeds from settlement of bank owned life insurance
-	-	-	-	-	1,202	1,202	3,678	3,038	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-132,986	-34,491	-96,729	-10,987	-57,178	-100,590	-48,476	-73,091	-163,765	-186,586	-181,751	-217,960	-133,812	-86,107	-174,805	-138,657	-106,214	-108,349	-91,959	-114,132	-143,148	-144,076	-28,883	2,785	-16,174	-122,046	-149,276	-133,701	-92,795	-70,963	-146,763	-162,791	-194,829	-172,293	0	0	0
Cash flows from financing activities:
Change in deposits, net
12,005	99,622	115,909	127,773	63,433	42,087	73,280	203,798	159,892	182,555	146,381	63,627	125,560	100,526	78,756	128,912	94,678	106,525	73,048	25,882	15,351	19,183	27,897	-34,984	-9,391	-48,774	-37,560	-18,542	-13,973	25,489	103,022	159,594	155,318	172,242	0	0	0
Change in repurchase agreements and federal funds purchased, net
2,509	931	-17,633	-19,621	-12,594	-17,234	-15,915	-7,669	-16,951	-4,755	-890	-1,204	3,917	1,060	3,725	11,636	8,323	8,594	34,159	20,812	30,232	25,695	2,521	14,374	-2,466	-1,902	1,356	8,973	-17,209	-7,847	-18,013	-15,815	36,997	32,326	0	0	0
Proceeds from Federal Home Loan Bank advances
25,000	30,000	30,000	30,000	30,000	0	0	0	0	-	-	-	-	-	-	-	-	170,000	130,000	130,000	80,000	60,000	0	0	0	-	-	-	-	-	-	-	-	571	0	0	0
Payments on advances from Federal Home Loan Bank
25,020	30,021	30,366	30,376	30,391	409	250,082	350,092	350,097	350,099	150,102	50,105	50,109	150,112	100,113	150,113	150,113	130,114	130,115	80,116	80,116	116	30,117	30,119	30,130	30,143	156	170	175	20,180	20,186	20,191	20,198	200	0	0	0
Payment of finance lease liabilities
17	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
1,238	1,264	908	904	892	1,230	1,499	1,605	1,742	1,513	1,740	3,133	3,021	2,985	2,999	2,049	2,143	2,082	2,407	1,991	1,972	1,992	4,902	5,670	5,755	6,348	2,672	2,640	3,285	4,395	4,381	3,590	2,888	1,291	0	0	0
Repurchase of common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	382	382	382	382	189	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Netting of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-100	144	-49	-44	-104	-928	-898	-907	-760	-494	-540	-543	-572	-101	-90	-195	-496	-550	-557	-343	-23	0	0	0
Dividends paid
26,599	26,235	25,862	25,490	24,944	24,395	23,869	23,344	23,153	22,981	22,783	22,586	22,398	22,190	21,963	21,754	21,546	21,330	21,144	20,947	20,722	20,570	25,195	24,874	24,745	24,546	19,572	19,465	19,349	19,215	19,081	18,954	18,835	18,742	0	0	0
Net cash provided by (used in) financing activities
-13,264	74,266	71,664	83,183	26,396	1,279	-15,087	74,298	119,993	154,793	172,748	141,418	109,984	-18,213	63,166	70,299	83,059	135,464	87,238	76,535	25,621	85,424	-20,486	-40,473	-31,520	-69,589	-23,361	-26,654	-47,616	-17,854	49,573	107,667	155,828	187,465	0	0	0
Net increase (decrease) in cash and cash equivalents
-61,158	123,233	50,488	123,254	59,392	-33,824	4,917	70,555	-8,573	30,558	45,238	-10,820	40,652	-42,895	-42,014	-6,381	21,340	82,094	44,734	7,058	-52,640	-1,124	9,462	30,214	25,745	-100,919	-93,545	-80,689	-75,277	-30,921	-47,865	5,125	38,274	79,498	0	0	0
Supplemental disclosures:
Income taxes paid
-	-	-	-	-	-	-	-	-	21,400	21,503	14,365	17,975	19,244	19,319	19,331	18,946	20,527	20,847	21,573	14,718	15,818	16,747	17,207	20,427	20,827	14,677	11,892	12,452	11,752	16,625	15,500	13,880	13,680	0	0	0
Interest paid
39,594	40,576	37,844	35,941	32,161	28,621	24,300	21,252	19,216	17,266	15,781	14,575	13,883	13,426	12,470	12,035	11,786	11,609	11,799	11,828	11,834	11,922	12,349	12,674	13,100	13,717	17,574	18,736	20,572	22,451	23,144	24,946	26,164	27,682	0	0	0
Non-cash activities:
Represents to facilitate the loans from the sale of other real estate owned and repossessed assets.
1,800	2,879	4,525	4,629	5,750	4,385	3,109	3,511	3,058	2,679	3,590	3,281	2,900	3,964	3,419	4,435	3,738	4,343	3,971	3,108	6,475	6,168	7,042	7,746	4,625	3,528	7,102	6,140	7,134	7,768	4,039	4,413	3,429	2,517	0	0	0
Refers to the common stock dividends accrued, paid in subsequent quarter.
230	221	221	227	229	221	217	203	203	205	205	205	191	209	231	233	245	239	229	229	236	216	-4,618	-4,536	-4,532	167	4,997	4,995	5,004	4,887	4,886	4,884	4,841	4,753	0	0	0
Refers to the real estate acquired in settlement of loans.
4,155	3,384	3,656	3,858	5,029	5,459	4,771	6,644	5,663	5,235	5,756	4,042	5,465	5,900	12,871	15,880	14,278	18,557	16,918	14,699	16,496	12,199	6,516	6,198	6,610	7,384	7,626	9,191	8,708	12,031	16,525	28,093	30,584	31,536	0	0	0