ENTERPRISE FINANCIAL SERVICES CORP EFSC Cash Flow

Enterprise financial services corp (EFSC)

CashFlow / Quarterly

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
12,868	29,090	29,069	18,424	16,156	23,529	22,516	22,251	20,921	7,529	16,315	11,955	12,391	13,628	11,832	12,352	11,025	10,679	9,709	8,716	9,346	5,967	8,198	7,160	5,848	3,621	8,410	11,033	10,040	5,415	7,930	8,766	6,185	7,206	5,832	8,273	4,112
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation
1,524	1,532	1,444	1,581	1,162	910	915	858	849	855	843	1,196	387	800	558	535	535	512	501	520	489	557	604	544	533	847	576	571	789	585	666	623	655	680	670	693	694
Provision for credit losses
22,264	1,341	1,833	1,722	1,476	2,120	2,263	391	1,870	2,907	2,423	3,415	1,385	621	1,844	380	760	-374	372	2,150	-1,690	2,094	-1,811	878	4,331	4,637	2,159	-6,573	4,109	6,569	11,937	281	4,003	-144	8,072	4,575	3,600
Deferred income taxes
-183	1,023	964	1,086	2,727	485	-334	866	2,290	19,866	-2,927	3,204	962	3,382	372	2,166	1,343	-7,700	-866	2,955	-152	-2,181	3,201	2,225	1,032	-10,123	-1,087	1,672	-405	-6,553	-360	-1,136	-486	-5,824	408	1,951	2,732
Net amortization of debt securities
-1,054	-964	-820	-782	-407	-353	-382	-423	-533	-351	-356	-398	-1,310	-875	-837	-792	-721	-783	-812	-810	-851	-925	-975	-959	-951	-1,014	-1,280	-1,453	-1,846	-2,084	-1,840	-2,004	-1,995	-2,227	-1,493	-1,239	-1,251
Amortization of intangible assets
1,491	1,507	1,575	1,580	838	592	620	632	656	680	713	761	446	206	232	243	243	247	273	285	284	289	314	268	383	365	610	497	433	439	465	485	490	509	225	130	135
Gain on sale of investment securities
4	-94	337	0	-292	0	0	0	9	0	22	0	0	-	-	-	-	0	0	0	23	0	0	0	0	0	611	0	684	0	0	134	1,022	2	768	506	174
Mortgage loans originated-for-sale
33,537	42,681	27,615	7,558	4,087	6,093	5,072	12,675	12,389	23,584	34,668	42,095	38,602	39,154	47,957	40,731	29,287	39,977	26,310	37,831	31,603	21,660	20,932	21,493	10,050	13,872	29,818	15,256	19,389	28,414	23,246	22,298	25,541	23,677	19,218	14,657	14,897
Proceeds from mortgage loans sold
30,888	43,799	22,874	6,804	3,825	6,471	5,769	13,153	13,917	27,038	32,671	43,417	42,710	37,354	50,361	37,672	29,606	37,738	27,562	40,485	27,767	22,718	21,627	18,176	10,008	17,961	31,410	13,569	25,905	24,750	19,829	23,125	26,033	22,258	15,773	16,014	17,360
Valuation adjustments and sale of other real estate
-52	54	11	-18	66	0	13	0	0	-	-	-	-	1,235	-226	706	122	81	32	9	20	17	114	717	683	1,801	472	362	728	-927	739	1,256	1,157	-177	517	99	423
Sale of state tax credits
124	2,080	362	-51	158	2,312	192	64	252	2,249	77	9	246	1,748	228	153	518	1,651	321	74	674	1,392	156	207	497	1,289	308	39	867	1,027	256	587	337	1,135	1,368	987	155
Excess tax benefit of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	583	-80	41	783	293	3	0	153	104	0	27	74	222	0	0	0	-	-	-	-	-75	8	8	6
Share-based Payment Arrangement, Noncash Expense
960	1,016	1,109	986	921	898	923	913	718	913	938	710	866	957	784	832	794	1,013	850	970	768	745	681	789	735	1,912	1,348	1,010	778	746	667	881	243	346	372	374	374
Valuation adjustment on other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	-	0	41	41	78	28	246	344	481	208	210	544	197	387	778	1,036	1,441	618	2,201	442
Net accretion of loan discount
2,510	2,393	3,399	4,106	596	447	460	326	467	1,813	795	1,987	1,014	2,892	2,473	3,443	2,249	2,911	1,512	1,992	1,390	10,610	-6,549	1,722	4,096	2,582	5,128	1,744	6,981	5,644	13,743	2,801	2,210	2,986	1,499	7,900	1,565
Changes in other assets and liabilities, net
Increase (Decrease) in Other Operating Assets and Liabilities, Net
2,181	-	-	-	7,185	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest receivable
-	-	-	-	-	-	2,072	530	3,209	-	2,290	-306	-1,682	2,591	403	-674	398	-260	739	-140	104	430	517	-467	173	-579	-1,337	-828	1,565	-1,983	816	-240	712	215	-129	-48	12
Accrued interest payable
-	-	-	-	-	-	549	-161	315	-	548	-455	156	457	23	83	-87	-151	-40	-25	2	-11	-8	-12	-83	94	-159	-147	-91	-95	-82	-127	-176	-146	-451	-68	18
Prepaid FDIC insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,083	524	1,096	585	586	666	568	592	892	852
Other assets
-	-	-	-	-	-	15,500	-79	888	-	-272	-2,211	1,728	5,639	-3,184	-4,019	9,303	-5,606	-7,452	935	1,666	-2,779	-5,266	1,629	6,621	-9,320	10,320	4,523	6,479	7,275	-3,922	-4,054	6,764	-3,908	5,763	-1,022	1,553
Other liabilities
-	-	-	-	-	-	-2,296	3,843	-2,640	-	6,961	334	-51,693	50,000	1,238	-11,132	1,837	3,558	3,828	3,877	-3,681	1,430	1,373	6,531	-9,285	7,398	6,199	301	-5,984	3,718	2,586	-1,973	11,954	-3,141	-2,546	-1,975	-1,037
Net cash provided by operating activities
32,562	25,887	46,003	4,855	15,712	48,942	7,998	29,653	22,215	32,174	21,261	23,344	-30,988	54,438	20,423	3,542	4,118	7,176	21,536	20,083	-1,608	1,177	25,278	12,436	-7,397	17,296	5,634	4,583	1,795	-565	11,572	11,511	14,855	2,125	2,046	11,212	11,748
Cash flows from investing activities:
Payments for Previous Acquisition
0	-	0	1	23,376	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Previous Acquisition
-	-	-	-	-	-	-	-	-	-	0	-1,715	6,171	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from acquisition of Legacy Bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,926
Net decrease (increase) in loans
134,482	86,721	76,399	134,970	-13,855	85,423	-5,937	85,261	93,125	68,375	136,123	8,538	57,054	71,317	144,206	41,176	71,324	137,356	53,688	102,725	-3,443	106,858	46,291	64,147	23,344	786	28,816	-21,849	-43,922	96,805	13,818	2,592	-5,932	1,012	35,486	52,634	-4,098
FDIC loss share receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550	151	179	1,395	3,118	2,275	1,957	2,255	1,327	2,212	5,757	1,685	6,468	15,159	58,400	11,614	5,483	13,259	10,888	11,785
Sale of debt securities, available-for-sale
207	43,787	50,891	3,878	259,420	0	0	0	1,451	0	522	0	143,554	0	2,493	0	0	0	0	0	41,069	0	0	0	0	0	36,710	0	122,894	0	0	46,400	64,476	0	49,033	30,124	5,299
Paydown or maturity of debt securities, available-for-sale
55,932	50,746	37,157	30,545	27,684	22,308	21,138	21,060	19,683	17,876	18,470	65,380	42,223	17,485	16,619	16,504	12,894	13,503	14,417	15,098	10,715	12,175	12,984	12,241	10,278	13,624	18,549	20,984	29,484	31,457	28,265	30,073	33,160	41,526	60,094	31,819	31,021
Paydown or maturity of debt securities, held-to-maturity
1,595	2,687	1,896	1,595	1,269	1,409	1,749	1,600	1,639	2,365	1,423	1,542	1,180	1,063	1,447	714	431	436	770	563	515	455	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of other investments
24,310	18,883	11,896	19,394	11,744	19,681	7,865	9,214	13,514	14,048	5,769	11,357	12,033	7,311	10,654	16,661	17,653	10,567	3,616	6,153	19,593	10,408	10,228	7,291	1,118	3,937	11,006	15,560	129	2,942	1,798	3,471	1,027	287	5,352	344	78
Sale of state tax credits held for sale
1,186	10,711	1,726	-129	2,381	11,662	1,116	584	1,356	10,923	105	193	4,093	13,839	966	540	3,412	10,984	864	423	4,066	8,715	460	345	3,294	8,597	0	1,823	6,303	6,198	274	1,154	2,980	8,645	3,988	2,530	1,527
Sale of other real estate
443	418	2,099	2,215	66	408	467	0	0	-	-	-	-	3,274	1,717	5,684	671	1,716	1,939	827	2,896	2,824	5,681	5,740	3,014	4,255	5,378	5,942	3,983	9,577	9,946	15,108	19,219	16,399	14,532	8,515	4,382
Payments for the purchase of:
Available-for-sale debt securities
69,336	109,516	103,795	142,189	221,711	63,905	46,066	21,742	40,313	61,940	0	93,611	169,842	9,886	22,297	31,375	17,637	1,110	76,865	14,200	59,869	0	23,811	0	29,853	0	37,032	23,700	0	63,228	35,650	169,093	10,192	176,164	60,956	47,214	147,040
Other investments
28,809	7,737	17,637	28,612	14,977	7,231	10,878	15,855	17,864	11,188	14,247	10,659	20,318	1,362	14,020	14,833	19,430	12,115	4,290	9,666	9,975	12,153	9,410	8,457	3,457	1,082	7,285	20,618	240	576	3,657	4,143	338	294	466	634	261
State tax credits held for sale
3,780	1,690	7,814	0	1,852	1,313	68	4,636	0	18,149	145	-1,298	1,298	5,852	0	0	2,349	6,977	10,579	313	3,112	0	0	0	0	-	-	-	-	580	230	18,011	336	1,838	0	0	0
Fixed assets, net
918	2,329	1,772	968	1,268	666	454	1,545	370	682	724	893	247	1,212	544	235	505	959	169	335	648	345	728	447	381	216	288	333	501	242	529	759	3,145	494	107	97	212
Net cash (used in) provided by investing activities
-153,652	-80,761	-101,752	-249,242	53,235	-101,814	-19,194	-96,581	-114,029	-114,856	-124,950	-33,133	-39,505	-87,186	-147,171	-47,516	-76,184	-119,508	-123,834	-103,996	10,088	-81,661	-48,612	-45,477	-37,076	-37,908	434	5,899	207,659	-92,245	1,558	-39,992	124,397	-64,871	162,021	-16,359	-80,397
Cash flows from financing activities:
Net increase (decrease) in noninterest-bearing deposit accounts
27,223	31,898	113,872	-4,929	-83,290	38,592	11,157	-50,736	-22,202	75,997	28,846	-17,808	9,646	104,601	8,982	33,521	2,192	25,702	33,500	-22,738	38,066	-52,874	20,504	62,585	-40,971	47,523	1,285	12,731	-81,258	65,734	-2,886	31,784	6,693	25,602	23,600	25,677	52,074
Net increase (decrease) in interest-bearing deposit accounts
191,659	114,746	-48,831	27,155	-48,770	338,917	-48,593	17,271	147,165	21,206	109,115	-92,433	23,316	3,935	87,607	62,969	144,963	-55,074	88,904	39,667	145,054	34,621	23,811	-49,255	-41,863	110,815	78,400	-139,287	-82,804	42,183	-50,453	-131,669	-93,889	-94,561	-126,557	-44,828	-32,987
Repayments of FHLB advances, net
-300	-872,000	318,000	544,475	105,025	-1,016,500	195,500	286,000	432,500	-973,181	205,000	410,000	530,681	177,000	277,000	524,500	488,500	275,000	102,000	162,900	440,000	403,900	554,600	175,000	0	92,000	355,000	195,000	153,000	62,000	30,500	68,000	35,000	0	1,698	5,300	16,256
Proceeds from Federal Home Loan Bank advances
-	-	-	-	-	-	235,000	423,000	484,500	-	253,000	460,000	681,181	48,000	328,000	472,000	509,000	310,000	104,000	229,900	302,000	427,900	521,000	198,600	80,000	22,000	284,000	306,000	153,000	16,000	66,000	71,500	20,000	0	0	0	0
Repayments of Notes Payable
1,429	2,428	1,429	2,857	2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	300	300	300	-	-	-	-	-	-	-	-
Proceeds from Issuance of Long-term Debt
0	-	1,000	0	40,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,900	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in other borrowings
-57,825	67,966	1,960	-11,211	-49,279	59,655	-5,421	627	-87,085	44,570	-8,076	-17,871	-98,040	86,958	-10,340	6,574	-76,538	80,442	6,438	2,282	-53,019	53,061	15,179	-17,775	-20,113	43,572	-10,847	-15,767	-39,391	86,265	14,626	26,591	-48,657	53,816	11,227	-10,124	-21,435
Cash dividends paid on common stock
4,743	4,513	4,257	4,035	3,763	2,979	2,780	2,544	2,542	2,540	2,546	2,584	2,579	-	-	-	-	-	-	-	1,051	1,047	1,044	1,043	1,043	1,022	1,020	956	948	944	942	937	934	932	933	929	783
Dividends, Common Stock, Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,002	-1,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	583	-80	41	783	-	-	-	153	104	0	27	74	139	31	42	10	-20	86	0	0	-75	8	8	6
Repurchase of common stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,006	-	-	-	-	-	-	-	-
Proceeds from the issuance of equity instruments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-629	-287	287	940	1,324	28	1,074	456	0	99	56	702	611
Payments for Repurchase of Common Stock
15,347	3,709	11,817	0	0	12,547	3,782	0	3,058	0	16,636	0	0	0	178	500	4,211	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	399	437	437	438	437	437	438	438
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture
1,721	-	-353	-707	1,940	-	77	534	2,686	-	-330	752	2,151	-	-161	66	1,745	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,046	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
137,517	-34,372	122,851	212,305	-44,017	93,359	-9,996	101,084	81,592	52,897	169,033	-81,448	80,692	113,051	134,951	48,037	84,142	79,599	129,392	84,376	-9,843	57,368	24,717	17,819	-28,445	129,941	-3,164	-33,597	-204,373	123,505	-3,432	-70,712	-152,225	-16,484	-94,746	-2,612	-19,208
Net increase in cash and cash equivalents
16,427	-89,246	67,102	-32,082	24,930	40,487	-21,192	34,156	-10,222	-29,785	65,344	-91,237	10,199	80,303	8,203	4,063	12,076	-32,733	27,094	463	-1,363	-23,116	1,383	-15,222	-72,918	109,329	2,904	-23,115	5,081	30,695	9,698	-99,193	-12,973	-79,230	69,321	-7,759	-87,857
Supplemental Cash Flow Information [Abstract]
Cash paid during the period for interest
13,026	15,805	17,826	18,016	14,020	13,865	12,115	10,993	8,677	7,662	6,295	6,364	4,289	3,527	3,440	3,167	3,119	3,168	3,214	3,096	3,105	3,580	3,600	3,579	3,741	3,992	4,468	5,082	4,920	5,200	5,308	5,769	6,410	6,987	8,050	7,625	7,767
Cash paid during the period for income taxes
-	-	-	-	-	1,644	7,712	95	685	3,067	2,996	6,358	28	6,171	744	5,040	14,084	7,000	2,246	3,017	3,500	-5	500	-51	8,549	2,785	7,412	9,279	7,657	380	575	8,710	1,668	4,750	7,534	8,641	696
Noncash transactions:
Transfer to other real estate owned in settlement of loans
0	-	181	6,411	1,372	-	0	0	0	-	-	-	-	-	0	0	2,683	-	606	5,108	890	2,401	1,310	1,437	4,721	1,507	10,208	7,314	3,594	6,685	6,318	6,343	7,138	2,626	5,601	3,457	11,229
Issuance of common stock from Trust Preferred Securities conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,002	0	20,443	0	0	-	-	-	-	-	-	-	-
Sales of other real estate financed
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	140	0	0	0	0	2,981	3,995	612	495	3,680	2,683	985	1,896	355	2,591	2,633	40	3,486	573	1,120	442
Right-of-use assets obtained in exchange for lease obligations
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-