Guaranty bancorp (GBNK)
CashFlow / TTM
Sep'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'11
Cash flows from operating activities:
Net income

50,369

45,479

42,341

38,624

37,440

33,151

28,712

24,727

23,197

23,434

23,225

22,454

17,778

16,447

15,054

13,512

16,385

15,565

15,299

14,029

13,061

12,040

14,414

15,059

14,215

13,538

8,755

6,352

0

0

0

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

6,547

6,296

5,993

5,716

5,709

5,353

4,739

4,270

3,989

4,119

4,501

4,728

4,754

4,901

5,041

5,069

5,020

4,923

4,855

4,915

5,056

5,229

5,560

5,909

6,369

6,721

6,893

7,091

0

0

0

Net accretion on investment and loan portfolios

-1,405

-991

-955

-953

-113

-343

894

872

371

610

341

530

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

1,208

1,499

1,175

992

798

328

132

143

45

32

135

96

103

86

-3

14

0

0

0

-

-

-

-

-2,000

2,500

3,500

4,000

5,000

0

0

0

Impairment of long-lived assets

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation, net

3,336

3,287

3,189

3,023

3,089

3,057

3,032

3,121

2,949

2,912

2,830

2,739

2,781

2,742

2,741

2,454

1,822

1,533

1,247

1,125

1,221

1,028

873

691

676

607

551

593

0

0

0

Dividends on bank stocks

584

487

462

434

424

469

496

521

586

606

587

504

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

2,281

2,285

2,238

2,164

2,095

1,911

1,755

1,629

1,493

1,480

1,484

1,453

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on sale of securities and SBA loans

1,297

924

1,100

1,250

1,335

1,420

982

800

625

715

875

956

1,479

1,250

1,081

826

0

0

0

-

-

-

-

2,527

1,993

4,265

3,611

3,703

0

0

0

Landlord cash allowance

-

-

-

-

-

-

-

-

-

-

-

934

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepayment penalty on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Gain on the sale of other assets

954

273

281

271

-88

-88

-88

-345

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of SBA loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Origination of SBA loans with intent to sell

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

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

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss, net and valuation adjustments on real estate owned

-49

-35

-128

-160

0

0

0

-

-

-

-

-

-

-

-

-210

620

877

1,342

1,215

-2,422

-2,629

-4,045

-4,103

-747

-1,136

-417

-786

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

544

607

556

655

1,003

566

748

963

0

0

0

Net change in:
Interest receivable and other assets

388

683

-44

-1,035

-334

-869

-869

282

1,419

751

2,365

969

1,027

426

3,591

3,650

5,420

-42

-1,673

217

-6,169

-2,920

2,986

3,833

-762

5,318

-2,256

-4,577

0

0

0

Net deferred income tax assets

-1,348

-1,044

-1,153

-1,723

17

324

-89

360

-2,279

-2,257

-3,231

-4,105

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest payable and other liabilities

1,713

132

2,574

-91

-4,497

2,198

-3,707

977

3,572

364

4,405

47

1,056

2,483

1,165

1,765

1,804

-784

-209

1,136

391

-7,814

13,212

-8,620

-8,232

1,521

-19,298

2,942

0

0

0

Net cash from operating activities

58,241

56,488

53,669

51,844

41,269

40,238

33,304

28,750

33,451

33,578

36,474

33,433

35,958

35,696

29,226

27,872

26,638

27,801

29,204

26,339

23,952

12,416

33,569

12,521

21,227

22,296

1,887

25,347

0

0

0

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

69,886

116,372

122,318

125,234

106,608

369,744

394,111

411,461

420,976

106,800

77,730

61,276

37,804

41,191

41,398

67,604

72,083

75,862

90,539

77,481

130,831

175,023

180,337

198,286

248,468

234,179

288,045

294,722

0

0

0

Purchases

-

-

-

91,934

0

0

0

-

-

-

-

22,561

11,494

19,414

19,413

36,985

36,058

40,301

37,710

104,217

170,823

264,568

321,697

263,005

283,225

202,515

218,925

226,904

0

0

0

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

29,567

31,457

29,652

25,443

27,509

28,335

27,868

29,599

24,114

20,649

21,727

19,047

21,067

19,677

20,408

17,824

13,473

11,061

7,814

8,818

9,558

7,123

6,692

5,650

4,763

6,403

5,118

5,844

0

0

0

Purchases

28,830

49,401

44,662

43,052

44,518

55,669

56,915

60,639

62,059

31,490

38,150

35,320

22,284

19,209

14,718

27,979

31,172

29,001

33,857

16,646

18,397

23,623

14,122

18,122

0

0

0

-

-

-

-

Loan originations, net of principal collections

166,866

178,315

124,867

122,461

112,117

88,178

159,482

142,268

138,230

157,769

226,064

224,202

250,306

235,870

196,797

224,347

187,341

360,499

220,720

163,263

95,300

-134,232

-72,848

-73,861

0

0

0

-

-

-

-

Loan purchases

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of time deposits with banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,000

0

0

0

-

-

-

-

-

-

-

-

Purchase of bank-owned life insurance contracts

-

-

-

-

-

-

-

-

-

-

-

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other assets

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan (originations) and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of other real estate owned and foreclosed assets

112

368

368

514

0

0

0

-

-

-

-

-

-

-

-

2,240

3,305

3,234

5,908

10,926

10,318

11,604

13,255

9,234

12,858

19,165

21,580

21,483

0

0

0

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

-

-

-

3,939

0

0

0

-

-

-

-

589

0

0

0

-

-

-

-

3,386

0

0

0

-

-

-

-

-

-

-

-

Additions to premises and equipment

1,473

1,643

1,325

1,549

1,201

1,202

1,397

1,464

1,659

2,322

2,689

5,136

4,693

4,036

3,500

427

3,212

3,893

3,642

3,359

81

-955

-893

-833

-808

-673

-718

-574

0

0

0

Cash paid in acquisition, net of cash received

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from investing activities

-180,196

-203,666

-171,302

-187,126

-272,649

-83,180

-120,706

-61,667

-8,242

-156,472

-229,912

-260,155

-237,641

-225,713

-182,982

-209,795

-171,760

-173,802

-166,560

-194,326

-206,430

-242,133

-211,974

-149,865

-95,680

7,533

73,134

160,328

0

0

0

Cash flows from financing activities:
Net change in deposits

33,521

55,711

137,652

114,160

146,017

146,617

123,259

127,561

135,080

105,362

150,836

116,521

184,731

189,323

188,871

156,867

180,083

103,425

90,693

73,701

87,419

70,314

103,389

140,970

64,435

32,754

-99,392

-148,565

0

0

0

Repayment of Federal Home Loan Bank term notes

20,000

21,740

-11,882

2,409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

163

15

15

15

14

2,687

55,713

55,713

55,734

0

0

0

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

131,878

129,800

-16,565

32,753

51,182

-52,752

36,713

-63,208

-58,352

-48,950

-42,700

45,547

15,900

69,900

65,583

120,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank term notes

-

-

-

-

-

-

-

25,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of subordinated debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,094

0

0

0

-

-

-

-

-

-

-

-

Cash dividends on common stock

17,666

16,465

15,263

14,063

13,662

12,617

11,571

10,524

9,437

9,100

8,765

8,429

7,369

6,309

5,249

4,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect of restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in repurchase agreements and federal funds purchased

-29,321

27,303

5,419

7,798

2,007

-8,423

-4,259

-9,515

-14,201

2,158

-5,192

-7,031

6,477

-5,912

-3,123

9,224

-5,465

-3,150

-33,788

-42,756

-54,595

11,866

41,843

50,423

67,342

-4,580

687

-13,496

0

0

0

Repurchase of common stock

1,657

1,665

1,665

1,515

1,395

1,388

1,388

1,307

1,184

1,170

1,167

616

611

610

610

455

379

372

375

275

101

100

100

43

40

41

86

92

0

0

0

Cash dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

0

0

0

Net cash from financing activities

96,755

172,944

121,460

136,724

131,860

59,078

96,773

56,317

114,949

98,171

192,931

220,992

178,816

201,062

150,094

186,287

158,274

159,512

116,776

32,847

68,120

123,197

129,023

191,336

129,050

-27,592

-154,525

-217,915

0

0

0

Net change in cash and cash equivalents

-25,200

25,766

3,827

1,442

-99,520

16,136

9,371

23,400

140,158

-24,723

-507

-5,730

-22,867

11,045

-3,662

4,364

13,152

13,511

-20,580

-135,140

-114,358

-106,520

-49,382

53,992

54,597

2,237

-79,504

-32,240

0

0

0

Financing of the sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,576

0

0

0

-

-

-

-

-

-

-

-

Reclassification of available for sale securities into held to maturity

-

-

-

-

-

-

-

-

-

-

-

49,084

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities purchased, not yet settled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-