Independent bank group, inc. (IBTX)
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'12
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

44,167

50,236

55,633

49,736

37,131

33,964

35,696

29,635

28,964

19,193

23,514

18,134

15,671

14,775

14,504

11,809

12,452

10,561

8,202

10,571

9,452

10,098

8,960

5,119

4,801

4,279

3,959

5,874

5,688

6,089

4,493

3,671

3,124

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

3,154

3,104

3,037

2,948

2,694

2,067

2,195

2,079

2,050

1,993

2,167

2,273

1,763

1,736

1,721

1,667

1,639

1,624

1,572

1,553

1,521

1,498

1,352

1,290

1,145

1,151

1,188

1,034

949

953

916

834

821

Accretion of income recognized on acquired loans

9,142

-

-

-

9,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of income recognized on acquired loans

-

-

-

-

-

-4,137

-3,209

-2,674

-3,503

-3,540

-2,227

-1,586

-480

-8,700

856

1,145

2,217

1,187

376

1,098

113

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

3,176

3,175

3,235

3,235

3,235

1,496

1,519

1,393

1,331

1,328

1,409

1,410

492

492

492

492

488

453

363

367

372

422

361

299

199

176

175

176

176

176

169

169

142

Amortization of premium on securities, net

-619

-618

-556

-697

-800

-548

-731

-862

-1,175

-996

-998

-914

-721

-702

-716

-435

-377

-398

-388

-346

-426

-496

-564

-548

-394

-94

-16

-36

1

-11

-5

-12

29

Amortization of discount and origination costs on borrowings

159

158

158

158

159

158

160

157

158

139

138

139

89

90

87

32

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation expense

1,882

1,974

1,910

1,752

2,172

1,566

1,541

1,543

1,412

1,246

1,276

1,196

970

898

892

2,421

1,220

1,100

1,115

1,002

1,097

903

841

780

390

420

455

412

182

197

156

149

141

Excess tax expense (benefit) on restricted stock vested

-80

0

-11

-30

20

14

19

264

349

51

28

520

724

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock dividends

168

209

239

215

191

253

220

178

140

140

119

101

88

85

73

67

36

11

10

10

12

14

16

8

9

7

32

-7

-5

-

-

-

-

Debt and Equity Securities, Realized Gain (Loss)

356

10

0

20

245

-232

-115

-10

-224

72

0

52

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3

Gain (Loss) on Disposition of Property Plant Equipment

-63

0

-315

-279

9

0

220

-89

-8

-6

-21

1

5

0

-9

3

38

16

-374

0

0

-

-

-

-

-22

5

-2

1

3

-1

-346

1

Gain (Loss) on Sale of Loans and Leases

-42

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

25

24

539

312

0

56

95

58

60

-124

0

-36

0

0

4

10

43

70

41

49

130

12

20

0

39

1,334

0

148

25

1,210

-31

9

-53

Impairment of Real Estate

0

377

0

988

436

0

0

0

85

375

917

120

0

0

51

0

55

0

10

25

0

-

-

-

-

74

12

15

448

-

-

-

-

Deferred tax expense

2,471

2,487

3,100

1,897

6,618

-193

1,360

41

729

13,725

1,293

1,055

981

-1,698

237

-982

594

-943

-3,186

793

-599

-57

135

-180

173

-356

154

-1,881

0

-

-

-

-

Provision for Loan and Lease Losses

8,381

1,609

5,233

4,739

3,224

2,910

1,525

2,730

2,695

1,897

1,873

2,472

2,023

2,197

2,123

2,123

2,997

1,970

3,932

1,659

1,670

1,751

976

1,379

1,253

883

830

1,079

1,030

929

1,013

667

575

Bank Owned Life Insurance Income

1,341

1,390

1,402

1,374

1,359

842

831

758

739

789

778

782

399

411

402

270

265

271

268

268

270

282

281

260

149

108

80

79

81

82

82

81

82

Net gain on mortgage loans held for sale

3,916

-

-

-

2,799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on mortgage loans held for sale

-

-

-

-

-

3,440

3,790

3,332

3,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held for sale

107,580

133,207

126,481

100,748

74,640

90,422

86,942

109,805

97,009

138,544

100,110

139,589

51,631

70,112

72,883

84,203

49,481

48,898

52,785

57,737

55,984

45,745

39,219

35,876

28,070

28,263

37,217

47,940

47,740

49,132

49,787

35,949

42,195

Proceeds from sale of loans held for sale

107,714

134,654

121,111

103,958

87,568

88,865

93,058

111,098

111,426

134,356

99,474

132,234

56,345

67,414

79,728

78,776

53,265

43,388

53,804

57,534

53,403

43,103

42,908

32,567

29,262

29,134

41,421

45,572

50,812

44,662

50,799

32,700

42,731

Net change in other assets

10,935

-12,110

10,467

5,841

1,680

-1,531

14,809

1,093

-19

3,450

-3,692

4,221

2,008

2,139

-715

848

-1,294

-4,185

4,535

203

-6,446

-135

3,963

2,030

-1,012

2,899

-89

-872

644

-283

840

256

-908

Net change in other liabilities

1,980

-24,907

27,453

-1,780

-16,402

19,156

1,262

3,615

-3,756

-3,023

5,775

-8,873

3,201

5,863

-905

1,288

780

-4,354

-40,789

49,192

-13,081

4,694

4,092

-2,353

-3,326

-874

-179

3,109

-1,355

-1,153

1,326

932

-1,526

Net cash provided by operating activities

40,425

34,430

60,993

40,290

37,606

53,136

29,027

35,090

41,488

12,555

39,061

4,258

26,921

19,458

26,195

11,511

23,113

7,969

-32,311

63,662

4,198

11,621

15,656

1,275

7,036

2,392

10,810

8,126

9,433

1,767

8,143

3,234

4,665

Cash flows from investing activities:
Proceeds from maturities, calls and pay downs of securities available for sale

1,528,836

72,574

1,712,768

2,486,343

1,128,949

1,447,456

1,152,871

1,027,964

32,333

938,073

691,765

681,764

17,241

461,932

707,731

383,320

16,479

6,278

357,183

162,812

8,868

1,415,135

18,960

28,026

20,941

139,215

123,646

13,104

6,137

202,273

2,619

22,019

18,670

Proceeds from Sale of Debt Securities, Available-for-sale

13,100

2,713

0

4,196

185,508

59,920

15,254

12,672

14,801

14,140

417

16,810

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,078

Purchases of securities available for sale

1,530,779

68,850

1,688,996

2,502,711

1,129,986

1,425,023

1,144,050

1,046,439

58,884

975,092

719,677

734,162

43,868

518,438

689,067

373,073

44,838

23,695

366,000

156,599

0

1,402,430

6,850

12,847

8,667

145,935

141,715

13,998

8,205

207,170

4,641

26,494

17,990

Purchases of certificates of deposit held in other banks

-

-

-

-

-

-

-

-

-

-1,960

0

-1,225

3,185

2,707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of certificates of deposit held in other banks

-

-

-

-

-

0

0

8,575

3,185

747

0

0

0

0

12,886

26,448

22,412

22,781

0

0

0

-

-

-

-

348

3,437

897

3,038

-

-

-

-

Purchases of FHLB stock and other restricted stock

25,211

0

775

6,016

2,606

0

0

6,144

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from redemptions of FHLB stock and other restricted stock

106

75

4,442

4,346

26,000

0

12,606

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (purchases) redemptions of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-8,955

48

-

0

3,912

8,108

718

1,236

-402

0

-3,408

1,894

-2,028

-491

7

-1

140

0

1,182

584

80

-262

Proceeds from sale of loans

1,455

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loans originated held for investment

89,252

-17,669

149,412

157,047

180,233

159,456

73,547

299,268

214,533

179,985

113,640

143,373

129,883

211,792

113,238

121,477

137,809

182,425

162,661

70,227

102,533

110,252

59,939

164,535

99,556

95,053

44,337

96,372

49,419

78,299

46,370

60,196

17,506

Originations of mortgage warehouse purchase loans

4,523,819

4,404,637

3,870,187

2,981,690

1,579,008

1,259,533

1,340,908

1,390,285

1,138,041

1,274,436

2,345,904

19,895

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from pay-offs of mortgage warehouse purchase loans

4,414,527

4,377,970

3,663,029

2,779,456

1,498,040

1,239,510

1,355,431

1,350,195

1,178,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to premises and equipment

5,948

4,987

407

14,685

11,601

13,613

14,560

8,343

1,594

1,567

9,870

1,601

155

1,459

1,116

2,295

1,269

2,281

7,210

1,508

2,782

1,431

1,846

1,295

282

630

1,133

1,753

3,279

3,420

6,899

2,246

1,498

Proceeds from sale of premises and equipment

66

0

493

1,598

9

0

11,340

3,135

4

1

5

1

9

-247

416

79

84

26

4,228

0

0

5

2

0

11

376

57

0

9

1,851

-154

3,397

1

Proceeds from sale of other real estate owned

4,200

1,220

5,238

1,749

0

466

95

1,321

1,638

3,785

4,413

1,235

0

0

738

711

411

136

887

1,121

316

1,492

668

703

552

16,034

1

550

496

6,827

941

873

239

Capitalized additions to other real estate

-

-

-

-

-

-

-

-

-

-2

179

679

174

0

0

0

0

0

0

0

10

0

0

0

28

8

22

8

55

116

60

202

214

Cash Acquired from Acquisition

0

0

0

0

39,913

0

0

44,723

0

-

-

-

-

-

-

-

-

-

-

-

-

118,825

0

135,525

32,246

22,792

0

0

0

-

-

-

-

Payments to Acquire Businesses, Gross

0

0

0

0

9

0

0

31,016

0

-

-

-

-

-

-

-

-

-

-

-

-

16,802

0

34,010

10,000

18,412

0

0

0

-

-

-

-

Net cash used in investing activities

-212,719

-1,573

-259,588

-387,803

-25,024

-110,273

-25,468

-337,910

-183,056

-270,152

-173,069

-59,049

-160,063

-272,710

-84,156

-99,800

-152,638

-52,301

-166,044

-51,871

-96,141

27,210

-38,752

-46,405

-64,292

-87,213

-60,065

-97,720

-51,278

-59,921

-68,426

-78,541

-15,958

Cash flows from financing activities:
Net (decrease) increase in demand deposits, money market and savings accounts

-9,596

-

-

-

274,844

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in demand deposits, money market and savings accounts

-

-

-

-

-

-12,042

134,307

49,520

191,218

-25,598

319,605

175,156

141,116

184,476

123,300

49,477

163,847

54,439

15,859

76,632

98,901

144,135

26,519

33,235

26,181

35,744

46,684

53,682

8,975

82,295

36,185

32,754

32,685

Net (decrease) increase in time deposits

-48,974

-47,736

-9,443

184,812

109,503

-33,016

115,140

96,147

-29,380

-65,597

-98,754

-50,009

3,978

-23,860

89,416

-13,024

-40,862

-82,910

46,685

4,174

38,179

-11,289

-66,327

108,754

48,712

22,663

8,935

16,348

15,384

2,267

-5,272

-11,023

-6,011

Proceeds from FHLB advances

1,100,000

100,000

300,000

600,000

700,000

575,000

150,000

685,000

275,000

100,000

100,000

0

0

0

50,000

300,000

225,000

120,000

125,000

50,000

55,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of FHLB advances

450,000

330,000

325,000

360,000

792,653

630,000

555,626

475,020

325,021

130,020

20

20

19

10,019

50,019

210,021

132,520

97,857

56,020

75,020

65,019

-

-

-

-

-

-

-

-

-

-

-

-

Net change in FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-13,022

-

-3,022

-23

-49

43,952

15,952

9,953

-47

Net change in repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,528

-7,653

-1,362

-409

1,771

-1,223

1,303

-603

802

0

0

0

0

-

-

-

-

Proceeds from other borrowings

0

9,000

0

35,000

21,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,680

0

7,000

Repayments of other borrowings

24,500

19,500

0

21,000

0

-

-

-

-

-

-

-

-

0

0

0

5,798

341

625

341

625

0

0

0

0

0

8,835

19,117

835

7,815

1,062

1,515

566

Proceeds from sale of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,000

0

20,150

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

23,938

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

145

8

41

39,103

12,507

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of common stock warrants

-

-

-

-

-

2,070

8

303

152

0

0

0

55

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Offering costs paid in connection with acquired bank

0

0

0

0

804

0

0

209

0

-

-

-

-

-

-

-

-

424

0

0

144

16

108

442

0

-

-

-

-

-

-

-

-

Dividends paid

10,754

10,731

10,729

10,897

10,945

4,266

4,267

3,974

3,401

2,781

2,780

2,778

1,892

1,847

1,478

1,477

1,485

1,593

1,428

1,429

1,369

1,141

1,031

982

756

724

725

2,324

3,030

3,052

2,324

1,908

1,397

Net cash provided by financing activities

556,031

-37,788

189,249

495,161

288,438

-102,254

-160,438

351,767

108,568

-74,318

317,125

119,568

143,238

168,679

210,956

168,368

192,772

-16,339

128,109

53,607

126,694

35,447

80,337

139,943

61,917

57,594

43,017

135,223

20,445

117,647

52,951

28,261

51,814

Net change in cash and cash equivalents

383,737

-4,931

-9,346

147,648

301,020

-159,391

-156,879

48,947

-33,000

-331,915

183,117

64,777

10,096

-84,573

152,995

80,079

63,247

-60,671

-70,246

65,398

34,751

74,278

57,241

94,813

4,661

-27,227

-6,238

45,629

-21,400

59,493

-7,332

-47,046

40,521