First financial bankshares inc (FFIN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

37,232

41,388

43,079

42,093

38,252

38,436

40,050

37,633

34,519

36,144

29,373

28,255

26,599

26,666

25,603

26,809

25,696

25,192

25,886

25,306

23,997

22,587

23,431

21,205

22,336

21,239

19,562

19,490

18,577

18,318

19,800

18,351

17,756

17,467

18,087

16,520

16,295

15,515

16,229

14,198

13,717

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

3,087

2,935

2,784

2,964

2,982

2,995

3,121

3,255

3,178

3,469

3,238

3,304

2,905

2,946

2,940

2,882

2,805

3,076

2,995

2,601

2,473

3,018

1,671

2,257

2,316

2,262

2,255

2,114

2,007

2,012

1,995

2,026

1,887

1,891

1,861

1,810

1,790

1,827

1,749

1,749

1,777

Provision for credit loss expense

9,850

950

450

600

965

1,800

1,450

1,105

1,310

1,440

1,415

1,725

1,950

1,993

3,833

2,058

2,328

4,177

2,664

1,554

1,290

755

896

1,124

1,690

1,171

1,349

832

401

642

787

759

1,296

1,221

1,354

1,924

2,127

1,991

1,988

2,973

2,010

Securities premium amortization, net

-7,239

-7,098

-6,473

-6,085

-6,132

-6,462

-6,896

-6,924

-7,185

-7,301

-7,417

-7,756

-7,836

-7,730

-7,363

-6,964

-6,948

-7,212

-7,329

-7,136

-6,028

-5,482

-5,171

-4,916

-4,652

-4,555

-4,775

-4,697

-4,208

-4,025

-4,073

-11,269

3,610

-13,530

1,887

1,704

1,688

1,224

1,150

1,172

914

Gain (loss) on sale of assets, net

2,250

165

2,136

-741

-83

-38

9

16

1,229

-405

1,049

475

48

127

61

1,115

591

-229

153

186

40

95

274

90

451

116

-63

51

74

732

1,341

81

474

54

673

-946

299

195

2,440

126

4

Deferred federal income tax benefit

48

-1,749

-486

2,206

0

-8,357

9,015

-1,169

261

-

-

-

-

-

-

-

-

-

-

-

-

-49

127

-971

0

-

-

-

-

3,374

-1,230

-623

-4

120

2,045

-207

47

-

-

-

-

Change in loans held-for-sale

13,445

-12,661

17,860

7,584

-6,953

2,863

-6,081

7,108

1,901

-3,990

793

4,697

-13,269

-4,693

5,858

8,725

-16,535

11,938

-3,940

15,313

1,428

-2,463

-2,304

5,233

3,174

-561

-10,922

6,525

-1,334

1,422

357

3,982

-4,934

4,367

2,005

829

-9,732

4,213

2,947

3,444

-1,767

Change in other assets

15,046

-62

-768

6,906

-7,927

4,396

-3,891

-3,270

4,462

9,390

-14,493

1,475

-5,685

7,662

-4,198

4,843

-10,704

7,264

-5,474

16,212

-1,083

-916

-3,964

3,202

-8,174

8,896

-5,518

11,608

-8,732

5,017

1,144

851

-1,842

2,542

-1,091

1,240

-1,616

-643

-2,305

-667

-958

Change in other liabilities

4,871

-4,723

3,878

-3,753

8,972

-4,032

-565

-51

6,269

-6,887

1,639

-3,232

8,765

-3,173

-3,313

-3,737

7,580

-7,319

961

1,020

7,002

-3,235

1,844

-2,965

7,842

-6,246

3,763

-5,207

7,440

-6,320

-367

-426

5,897

-3,069

1,076

-1,403

4,528

-7,551

2,740

-1,123

3,519

Total adjustments

-5,646

17,069

-6,129

-5,647

34,014

-8,353

29,880

6,210

10,611

-1,015

28,264

2,292

40,362

6,248

11,215

-7,804

46,309

-10,020

22,486

-20,163

16,408

9,255

15,703

-4,164

21,049

-5,646

28,803

-16,215

24,048

-3,438

2,416

871

18,988

-3,828

6,636

2,705

21,229

-5,439

5,458

1,209

10,941

Net cash provided by operating activities

31,586

58,457

36,950

36,446

72,266

30,083

69,930

43,843

45,130

35,129

57,637

30,547

66,961

32,914

36,818

19,005

72,005

15,172

48,372

5,143

40,405

31,842

39,134

17,041

43,385

15,593

48,365

3,275

42,625

14,880

22,216

19,222

36,744

13,639

24,723

19,225

37,524

10,076

21,687

15,407

24,658

CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received in acquisition of TB&T Bancshares, Inc.

61,028

-

-

-

0

0

0

0

18,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in interest-bearing time deposits in banks

-

-

-

-

-

-

-

-

-

-

-

-

-

0

720

0

1,068

996

965

3,714

7,832

2,232

4,954

5,838

1,891

2,435

4,998

5,822

3,833

18,501

7,088

-12,576

-843

5,513

11,624

9,572

15,802

-

-

-

-

Activity in available-for-sale securities:
Sales

95,437

10

1,352

65,821

231

0

71,134

57,680

91,445

0

83,605

30,791

6,180

19,718

7,410

12,829

553

1,039

26,781

6,631

1,129

-1,971

2,145

541

904

605

50,065

66,128

5,227

30,054

45,129

47,958

21,003

9,726

808

1,212

11,224

10,636

2,385

11,799

3,219

Maturities

1,614,414

118,629

2,140,197

2,095,689

106,188

84,457

146,432

3,100,159

107,980

92,350

3,695,199

94,166

510,416

678,591

678,844

2,065,420

86,258

527,819

78,699

2,064,432

46,774

1,239,568

1,056,032

572,316

49,491

1,932,934

72,058

81,889

94,803

906,268

841,116

85,861

76,390

506,278

1,211,491

97,602

71,261

1,666,521

62,376

38,480

44,864

Purchases

2,333,332

200,721

2,246,023

2,208,544

72,142

81,694

178,740

3,097,840

373,547

317,701

3,708,797

58,536

683,386

901,901

703,877

2,062,482

69,605

553,530

52,735

2,154,329

294,523

1,454,571

1,083,659

567,936

142,638

2,014,028

167,997

106,490

236,984

877,953

856,552

91,881

222,889

628,777

1,277,530

67,354

197,743

1,813,486

27,658

66,878

160,617

Activity in held-to-maturity securities – maturities

-

-

-

-

-

-

-

-

-

0

107

9

8

9

7

9

132

8

9

15

131

113

14

14

102

114

88

17

158

196

211

1,122

1,028

755

2,301

20

2,382

167

1,880

374

3,795

Net increase in loans

-1,012

95,637

60,924

52,559

36,070

88,378

36,380

102,233

-21,753

14,716

34,699

68,183

17,029

21,390

57,946

3,272

-33,772

53,061

77,457

14,131

-329

101,377

55,825

83,477

7,150

77,276

48,858

142,548

51,454

85,861

85,874

116,515

18,162

54,812

11,038

39,148

3,154

49,716

17,384

27,356

-11,633

Purchases of bank premises and equipment and other assets

5,734

1,130

1,181

1,660

4,700

5,265

3,837

6,736

1,808

1,536

4,921

3,817

3,888

3,248

5,021

6,683

5,447

4,996

6,197

3,153

3,087

4,419

7,593

3,491

1,909

2,832

2,277

1,648

4,567

5,276

2,379

3,462

5,063

4,830

3,510

4,065

2,372

2,150

3,327

2,778

2,985

Proceeds from sale of bank premises and equipment and other assets

171

905

1,157

122

65

34

34

510

266

1,228

4,258

256

343

612

790

1,690

480

1,678

337

178

212

833

1,426

1,558

839

2,836

581

289

1,015

4,438

710

1,667

1,555

1,000

3,237

431

1,064

1,174

4,959

3,570

221

Net cash used in investing activities

-567,004

-177,944

-164,462

-100,633

-6,428

-90,846

-1,357

-48,460

-135,258

-240,375

34,752

-5,065

-187,356

-227,609

-79,073

7,511

47,211

-80,047

35,599

-98,574

-241,203

-319,592

-82,506

-74,637

-98,470

-155,212

-91,342

-122,247

-187,969

-9,633

-50,551

-87,826

-146,981

-165,147

-62,617

-1,730

-101,536

-236,380

23,231

-42,789

-99,870

Net increase (decrease) in noninterest-bearing deposits

-14,356

-145,869

43,445

1,807

49,638

-30,877

41,031

-5,163

-92,574

92,476

92,735

28,830

109,887

14,729

58,181

-9,458

-91,682

25,569

-6,511

-26,061

30,476

64,483

59,900

56,616

27,147

-9,651

66,786

-320

-73,868

111,554

43,916

30,661

24,001

80,624

31,682

19,854

9,943

154,482

-938

-22,390

-31,767

Net increase in interest-bearing deposits

72,633

0

-136,474

17,218

120,714

65,984

-106,356

25,007

-21,526

173,025

-21,884

-64,189

73,542

228,346

120,994

1,941

-34,681

67,317

32,791

-83,526

56,275

221,409

86,006

27,561

72,059

144,169

16,182

-18,167

-8,590

76,631

8,303

-36,552

39,272

67,569

35,483

-32,305

8,647

70,253

33,356

38,504

37,124

Net increase (decrease) in borrowings

476,515

-18,799

38,150

-20,706

-85,995

87,946

-76,175

84,780

41,155

-20,435

-27,889

19,060

-85,506

-67,989

-43,165

31,584

-90,335

114,772

-133,377

219,257

34,788

25,201

-92,674

51,363

-80,668

-2,612

34,925

168,230

3,648

5,217

3,052

13,861

29,811

26,966

-11,574

193

13,815

259

18,617

-29,614

43,000

Proceeds from stock issuances

2,192

801

307

940

2,246

1,064

481

964

1,355

674

1,145

552

563

271

53

134

802

255

366

196

728

361

166

196

714

439

259

647

613

197

145

83

399

129

16

297

508

131

89

93

476

Dividends paid

16,306

16,299

16,294

14,236

14,227

14,216

14,211

12,844

12,590

12,582

12,572

11,903

11,898

11,891

11,891

10,567

10,558

10,550

10,265

8,980

8,972

8,969

8,968

8,323

8,318

-

-

-

-

15,746

7,870

7,553

7,550

7,548

7,580

7,111

7,120

7,090

7,089

7,087

7,080

Net cash provided by (used in) financing activities

520,678

171,826

50,080

-14,977

72,376

109,901

-155,230

92,744

-84,180

233,158

31,535

-27,650

86,588

163,466

124,172

13,634

-226,454

197,363

-116,996

100,886

113,295

302,485

44,430

127,413

10,934

124,031

109,841

142,510

-78,197

177,853

47,546

500

85,933

167,740

48,027

-19,072

25,793

218,035

44,035

-20,494

41,753

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-14,740

52,339

-77,432

-79,164

138,214

49,138

-86,657

88,127

-174,308

27,912

123,924

-2,168

-33,807

-31,229

81,917

40,150

-107,238

132,488

-33,025

7,455

-87,503

14,735

1,058

69,817

-44,151

-15,588

66,864

23,538

-223,541

183,100

19,211

-68,104

-24,304

16,232

10,133

-1,577

-38,219

-8,269

88,953

-47,876

-33,459

SUPPLEMENTAL INFORMATION AND NONCASH TRANSACTIONS:
Transfer of loans to foreclosed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

97

-

70

857

158

-

1,362

209

39

-

-192

532

82

-

3,166

1,357

1,224

-

1,366

7,360

1,096

Investment securities purchased but not yet settled

33,066

-

21,826

-30,042

59,397

-

-

-

-

-

-3,332

2,685

1,640

-

-57,603

35,672

26,452

-

2,386

-5,156

20,639

-

53,915

4,030

3,387

-

-10,714

-6,885

21,095

-

-52,236

36,601

21,895

-

8,629

-1,691

12,859

-

31,776

-9,072

13,126

Investment Securities Sold But Not Yet Settled

126,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

7,042

-

7,901

7,842

7,220

-

4,543

4,439

3,635

-

2,851

2,099

1,822

-

1,419

1,301

1,298

-

1,094

1,001

971

-

1,085

1,015

1,055

-

1,216

819

953

-

1,221

1,443

1,653

-

2,035

2,215

2,712

-

3,473

3,599

3,758

Federal income taxes paid

-

-

-

-

-

-

-

-

-

-

8,548

13,348

0

-

7,757

13,874

0

-

8,185

13,994

0

-

6,836

14,445

0

-

7,279

10,107

0

-

8,230

8,975

0

-

4,593

9,231

0

-

-

-

-

Transfer of loans and bank premises to other real estate

-

-

844

127

237

-

0

0

126

-

128

834

1,082

-

213

746

946

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock grant to officers and directors

-

-

-

-

-

-

-

-

-

-

0

600

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-