Guaranty bancorp (GBNK)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net income

38,624

24,727

22,454

13,512

14,029

15,059

6,352

-31,339

Reconciliation of net income to net cash from operating activities:
Depreciation and amortization

5,716

4,270

4,728

5,069

4,915

5,909

7,091

8,390

Net accretion on investment and loan portfolios

-953

872

530

1,691

316

-

-

-

Provision for loan losses

992

143

96

14

296

-2,000

5,000

34,400

Impairment of long-lived assets

394

185

122

186

-

2,750

-

-

Stock compensation, net

3,023

3,121

2,739

2,454

1,125

691

593

1,101

Dividends on bank stocks

434

521

504

385

257

-

-

-

Increase in cash surrender value of life insurance

2,164

1,629

1,453

1,046

859

-

-

-

Net gain on sale of securities and SBA loans

1,250

800

956

826

714

2,527

3,703

313

Landlord cash allowance

-

-

934

37

-

-

-

-

Prepayment penalty on debt extinguishment

-

-

-

-5,459

-629

-

-2,672

-

Gain on the sale of other assets

271

-345

-18

-7

-100

177

-

-

Origination of SBA loans with intent to sell

8,455

12,990

6,538

3,078

3,290

-

-

-

Proceeds from the sale of SBA loans originated with intent to sell

13,795

10,587

8,038

4,333

4,604

2,024

-

18,413

Other-than-temporary impairment (OTTI) of securities

-

-

-

-

-

-

-

3,500

Gain on sale of SBA loans

-

-

-

-

-

203

-

1,196

Loss, net and valuation adjustments on real estate owned

-160

-105

-42

-210

1,215

-4,103

-786

-12,613

Other

-

-

-

-

-

655

963

53

Net change in:
Interest receivable and other assets

-1,035

282

969

3,650

217

3,833

-4,577

-8,117

Net deferred income tax assets

-1,723

360

-4,105

-2,120

-5,741

-

-

-

Interest payable and other liabilities

-91

977

47

1,765

1,136

-8,620

2,942

-232

Net cash from operating activities

51,844

28,750

33,433

27,872

26,339

12,521

25,347

34,988

Cash flows from investing activities:
Activity in available for sale securities:
Sales, maturities, prepayments and calls

125,234

411,461

61,276

67,604

77,481

198,286

294,722

118,843

Purchases

91,934

152,650

22,561

36,985

104,217

263,005

226,904

294,535

Activity in held to maturity securities and bank stocks:
Maturities, prepayments and calls

25,443

29,599

19,047

17,824

8,818

5,650

5,844

4,684

Purchases

43,052

60,639

35,320

27,979

16,646

18,122

9,346

6,480

Loan originations, net of principal collections

122,461

142,268

224,202

224,347

163,263

-73,861

72,591

-

Loan purchases

98,940

109,519

50,111

-

-

-

-

-

Redemption of time deposits with banks

-

-250

-

-

8,000

-8,000

-

-

Cash outlays related to acquisitions

-

-

-

-

452

1,368

-

-

Purchase of bank-owned life insurance contracts

7,500

15,000

5,000

10,000

15,000

-

-

-

Proceeds from sale of other assets

1,463

2,204

1,293

-

-

1,943

-

-

Loan (originations) and principal collections, net

-

-

-

-

-

-

-

-214,012

Proceeds from sales of other real estate owned and foreclosed assets

514

45

1,427

2,240

10,926

9,234

21,483

42,457

Proceeds from sale of SBA and other loans transferred to held for sale

3,939

229

589

4,661

3,386

211

2,512

-

Proceeds from sales of premises and equipment

-

-

-

-

-

-

-

11

Additions to premises and equipment

1,549

1,464

5,136

427

3,359

-833

-574

-392

Cash paid in acquisition, net of cash received

-21,717

23,915

1,457

2,386

-

-

-

-

Net cash from investing activities

-187,126

-61,667

-260,155

-209,795

-194,326

-149,865

160,328

97,013

Cash flows from financing activities:
Net change in deposits

114,160

127,561

116,521

156,867

73,701

140,970

-148,565

-230,939

Repayment of Federal Home Loan Bank term notes

2,409

50,026

-

95,459

163

14

55,734

1,125

Net change in borrowings on Federal Home Loan Bank line of credit

32,753

-63,208

45,547

120,300

20,000

-

-

-

Proceeds from Federal Home Loan Bank term notes

-

25,000

75,000

-

-

-

-

-

Proceeds from issuance of subordinated debt, net of issuance costs

-

39,170

-

-

-

-

-

-

Redemption of subordinated debentures

-

-

-

-

16,094

-

-

-

Cash dividends on common stock

14,063

10,524

8,429

4,190

1,566

-

-

-

Net change in repurchase agreements and federal funds purchased

7,798

-9,515

-7,031

9,224

-42,756

50,423

-13,496

7,123

Repurchase of common stock

1,515

1,307

616

455

275

43

92

45

Payment of stock issuance costs related to acquisition

-

834

-

-

-

-

-

-

Cash dividends on preferred stock

-

-

-

-

-

-

28

33

Net cash from financing activities

136,724

56,317

220,992

186,287

32,847

191,336

-217,915

-225,019

Net change in cash and cash equivalents

1,442

23,400

-5,730

4,364

-135,140

53,992

-32,240

-93,018

Interest paid on deposits and borrowed funds

13,731

8,312

5,484

6,932

7,594

15,800

16,772

21,561

Income taxes paid

15,983

12,653

7,262

5,301

711

160

-

-

Income taxes paid (refunded)

-

-

-

-

-

-

2,749

-14,159

Common stock issued in acquisition

24,420

117,477

-

-

-

-

19,778

5,591

Financing of the sale of other real estate owned

-

-

-

-

8,576

-

6,480

-

Loans transferred to other real estate owned and foreclosed assets

113

-

-

132

2,386

3,890

34,609

-

Securities transferred to other real estate owned and foreclosed assets

-

-

-

-

814

-

-

-

Real estate transferred to held for sale

4,278

-

-

-

-

-

-

40,776

Loans transferred to loans held for sale

-

-

-

4,269

3,560

2,021

2,512

21,555

Premises and equipment transferred to other assets

-

-

-

-

-

2,222

-

-

Reclassification of available for sale securities into held to maturity

-

63,432

49,084

41,629

-

-

-

-

Conversion of preferred stock into common stock

-

-

-

-

-

-

84,596

-

Securities sold or called, not yet settled

-

-

-

-

21,917

5,878

-

-

Securities purchased, not yet settled

-

-

-

-

3,839

16,943

20,800

-