Enterprise financial services corp (EFSC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

92,739

89,217

48,190

48,837

38,450

27,173

33,104

28,296

25,423

5,573

-47,955

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation

5,719

3,532

3,281

2,428

2,022

2,238

2,783

2,529

2,737

2,936

3,595

Provision for credit losses

6,372

6,644

10,130

3,605

458

5,492

4,332

22,790

16,103

33,735

40,412

Deferred income taxes

5,800

3,307

21,105

7,263

-5,763

4,277

-9,943

-8,535

-733

766

-2,545

Net amortization of debt securities

-2,973

-1,691

-2,415

-3,225

-3,256

-3,810

-5,593

-7,923

-6,210

-3,527

-1,415

Amortization of intangible assets

5,500

2,500

2,600

924

1,089

1,254

1,905

1,879

999

420

1,078

Gain on sale of investment securities

-49

9

22

86

23

0

1,295

1,156

1,450

1,987

955

Mortgage loans originated-for-sale

81,941

36,229

138,949

157,129

135,721

74,135

78,335

99,499

72,449

93,778

91,884

Proceeds from mortgage loans sold

77,302

39,310

145,836

154,993

133,552

72,529

88,845

93,737

71,405

91,813

89,636

Valuation adjustments and sale of other real estate

113

13

93

1,837

142

1,531

3,363

2,225

862

79

-436

Sale of state tax credits

2,549

2,820

2,581

2,647

2,720

2,252

2,503

2,207

3,645

2,250

1,035

Excess tax benefit of share-based compensation

-

-

-

1,327

449

205

222

66

-53

-494

-338

Share-based Payment Arrangement, Noncash Expense

4,032

3,452

3,427

3,367

3,601

2,950

5,048

2,537

1,466

1,947

2,202

Loss on disposal of Millennium Brokerage Group

-

-

-

-

-

-

-

-

-

-

-1,587

Valuation adjustment on other real estate

-

-

-

-

-

696

1,443

2,398

4,702

5,632

2,389

Goodwill impairment charge

-

-

-

-

-

-

-

-

-

-

45,377

Net accretion of loan discount

10,494

1,700

5,609

11,057

7,805

9,879

16,435

24,398

13,950

5,652

0

Gain on sale of branches

-

-

-

-

-

-

1,044

0

0

-

-

Changes in other assets and liabilities, net
Increase (Decrease) in Other Operating Assets and Liabilities, Net

12,975

77

43,948

-

-

-

-

-

-

-

-

Accrued interest receivable

-

-

-

2,718

443

653

-1,179

-695

50

-286

168

Accrued interest payable

-

-

-

476

-214

-114

-303

-480

-647

-636

-375

Prepaid FDIC insurance

-

-

-

-

-

-

2,607

2,933

2,904

3,027

-11,472

Other assets

-

-

-

7,739

-10,457

205

12,002

6,063

2,386

2,576

3,223

Other liabilities

-

-

-

41,943

7,582

49

7,914

16,285

-8,699

6,026

-105

Net cash provided by operating activities

92,457

108,808

45,791

82,521

47,187

31,494

29,308

37,373

27,131

49,224

28,748

Cash flows from investing activities:
Proceeds from Sales of Business, Affiliate and Productive Assets

-

-

-

-

-

-

-

-

-

4,000

-

Net cash paid for acquisitions and dispositions

23,377

0

-4,456

0

0

-

67,564

-12,544

0

224,471

0

Cash received from acquisition of Legacy Bank

-

-

-

-

-

-

-

-

8,926

0

0

Cash received from acquisition of The First National Bank of Olathe

-

-

-

-

-

-

-

-

112,778

0

0

Cash received from acquisition of Valley Capital Bank

-

-

-

-

-

-

-

-

-

-

15,105

Cash received from sale of Millennium Brokerage Group

-

-

-

-

-

-

-

-

-

-

0

Cash Acquired from Acquisition

-

-

-

-

-

-

-

-

42,591

0

-

Cash received from BankLiberty branch purchase

-

-

-

-

-

-

-

-

-

-

0

Net decrease (increase) in loans

284,235

257,872

270,090

328,023

290,326

240,640

-36,169

107,283

85,034

-20,920

-98,829

FDIC loss share receivable, net

-

-

-

-

2,275

9,605

10,981

91,641

41,415

5,009

0

Proceeds from the termination of FDIC loss share agreements

-

-

-

-

1,253

0

0

-

-

-

-

Sale of debt securities, available-for-sale

357,976

1,451

144,076

2,493

41,069

0

159,604

110,876

84,456

126,987

48,949

Paydown or maturity of debt securities, available-for-sale

146,132

84,189

143,949

63,502

53,733

47,678

82,641

122,955

164,460

114,112

36,428

Paydown or maturity of debt securities, held-to-maturity

7,447

6,397

6,510

3,655

2,284

455

0

0

-

-

-

Proceeds from Sale, Maturity and Collection of Investments

-

-

-

-

-

-

-

-

-

93

-

Proceeds from the sale of other investments

-

-

-

-

-

-

-

-

-

-

0

Redemption of other investments

61,917

50,274

43,207

52,279

39,929

29,045

30,632

9,238

6,061

6,130

429

Sale of state tax credits held for sale

14,689

14,718

15,314

18,757

16,337

12,814

16,723

10,606

16,690

9,569

7,709

Sale of other real estate

4,798

875

2,779

11,346

7,378

17,259

19,558

53,850

43,828

17,607

16,034

Settlement of bank-owned life insurance policies

0

1,256

0

-

-

-

-

-

-

-

-

Payments for the purchase of:
Available-for-sale debt securities

577,211

172,026

325,393

81,195

152,044

53,664

60,732

278,163

431,374

323,834

271,954

Held to maturity debt securities

-

-

-

40,529

0

0

-

-

-

-

-

Other investments

68,963

51,828

56,412

49,645

36,046

33,477

29,225

8,714

1,655

7,193

2,187

Bank owned life insurance

-

-

-

-

-

-

20,000

0

0

20,000

0

State tax credits held for sale

11,356

6,017

18,294

8,201

20,981

0

1,365

19,157

1,838

15,869

15,227

Fixed assets, net

6,337

3,035

2,546

2,496

2,111

1,901

1,338

4,675

910

957

552

Net cash (used in) provided by investing activities

-378,520

-331,618

-312,444

-358,057

-337,250

-212,826

176,084

-6,282

394

-287,897

-66,437

Cash flows from financing activities:
Net increase (decrease) in noninterest-bearing deposit accounts

57,551

-23,189

96,681

149,296

74,530

-10,756

-19,719

101,325

126,953

76,428

39,592

Net increase (decrease) in interest-bearing deposit accounts

44,300

454,760

61,204

299,474

218,551

-32,686

-32,876

-233,828

-298,933

279,877

65,686

Repayments of FHLB advances, net

95,500

-102,500

172,500

1,467,000

979,900

1,133,500

795,000

195,500

23,254

73,580

11,857

Proceeds from long-term FHLB advances

50,000

0

0

-

-

-

-

-

-

-

-

Proceeds from the issuance of subordinated notes

-

-

-

48,733

0

0

-

-

-

-

-

Proceeds from Federal Home Loan Bank advances

-

-

-

1,357,000

945,900

1,227,500

765,000

173,500

0

52,780

-20,000

Proceeds from Notes Payable

41,000

2,000

10,000

0

0

-

-

-

-

-

-

Repayments of Notes Payable

8,714

0

10,000

0

5,700

4,800

1,200

300

0

0

-

Proceeds from Issuance of Long-term Debt

-

-

-

-

-

-

-

12,000

0

0

-

Repayments of subordinated debentures

-

-

-

-

-

-

2,500

0

0

-

-

Debt issuance costs

-

-

-

-

-

-

-

45

0

0

-

Net proceeds from federal funds purchased

-

-

-

-

-

-

-

-

-

-

19,400

Net decrease in other borrowings

9,436

-32,224

-79,417

6,654

36,143

30,352

-22,433

78,825

33,484

79,995

12,578

Cash dividends paid on common stock

16,568

10,845

10,249

8,211

5,259

4,177

3,946

3,757

3,577

3,121

2,694

Excess tax benefit of share-based compensation

-

-

-

1,327

449

205

222

66

-53

-494

-338

Payments for the repurchase of preferred stock

-

-

-

-

-

-

-

35,000

0

0

-

Repurchase of common stock warrants

-

-

-

-

-

-

-

-

0

-

-

Proceeds from the issuance of equity instruments, net

-

-

-

-

-

-681

2,264

1,558

1,468

357

156

Payments for Repurchase of Common Stock

15,526

19,387

16,636

4,889

0

0

1,006

0

-

-

-

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

1,711

1,750

1,750

1,585

Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture

-

-

-

-

-

-

-

-

-

-

130

Issuance of common stock

-

-

-

-

-

2

1

3

32,612

14,883

0

Payments for Repurchase of Equity

212

2,576

2,909

2,203

1,190

-

-

-

-

-

-

Net cash provided by (used in) financing activities

256,767

266,039

221,174

380,181

283,524

71,459

-111,193

-102,864

-133,050

425,375

102,008

Net increase in cash and cash equivalents

-29,296

43,229

-45,479

104,645

-6,539

-109,873

94,199

-71,773

-105,525

186,702

64,319

Supplemental Cash Flow Information [Abstract]
Cash paid during the period for interest

65,667

45,650

24,610

13,253

12,583

14,500

18,462

22,687

30,429

33,048

49,193

Cash paid during the period for income taxes

13,582

10,136

12,449

26,039

15,763

8,993

27,133

11,333

21,621

960

-2,817

Noncash transactions:
Transfer to other real estate owned in settlement of loans

-

-

-

-

-

9,869

22,623

26,484

22,913

37,763

33,717

Issuance of common stock from Trust Preferred Securities conversion

-

-

-

-

-

5,002

20,443

0

0

-

-

Real Estate Owned, Transfer to Real Estate Owned

8,148

876

564

2,743

8,248

-

-

-

-

-

-

Sales of other real estate financed

621

0

0

140

0

8,083

9,244

5,619

5,621

8,609

6,258

Transfer of securities from available-for-sale to held-to-maturity

116,303

0

0

-

-

46,574

0

0

-

-

-

Right-of-use assets obtained in exchange for lease obligations

5,200

0

0

-

-

-

-

-

-

-

-

Stock Issued During Period, Shares, Acquisitions

171,885

0

141,729

0

0

-

-

-

-

-

-