Investar holding corp (ISTR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Net income
Net Income (Loss) Attributable to Parent

16,839

13,606

8,202

7,880

7,073

5,397

3,168

2,361

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

3,462

2,553

1,865

1,493

1,446

1,326

893

587

Amortization of purchase accounting adjustments

-

-

-

-

-

-

-

-345

Provision for loan losses

1,908

2,570

1,540

2,079

1,865

1,628

1,026

685

Amortization of purchase accounting adjustments

1,425

2,180

489

39

186

-366

-657

-

Provision for other real estate owned

18

567

183

7

54

210

121

-

Net amortization of securities

-712

-478

-1,114

-1,304

-1,051

-1,087

-833

-575

Gain on sale of investment securities, net

262

14

292

443

489

340

-

-

Gain on sale of other real estate owned

-

-

-

-

-

-

-

2

Loss (gain) on sale of fixed assets, net

-11

98

127

1,266

15

3

-

-

Impairment of investment in tax credit entity

-

-

-

11

54

690

-

-

Bargain purchase gain

-

-

-

-

-

-

906

-

Gain on sale of securities, net

-

-

-

-

-

-

449

139

Gain on sale of other real estate owned, net

2

-24

27

13

-105

230

97

-

Writedowns of other real estate owned

-

-

-

-

-

-

-

26

FHLB stock dividend

336

239

99

66

14

8

4

2

Stock-based compensation

1,430

1,071

786

609

385

228

150

68

Deferred taxes

153

841

245

-207

-386

-134

773

-

Net change in value of bank owned life insurance

703

628

245

189

12

-

-

-

Amortization of subordinated debt issuance costs

53

46

35

0

0

-

-

-

Change in the fair value of equity securities

341

-267

0

-

-

-

-

-

Change in the fair value of equity securities

341

-267

0

-

-

-

-

-

Amortization of subordinated debt issuance costs

-

-

-

-

-23

-

2

-

Unrealized loss on equity securities

-

-

-

0

-

-

-

-

Originations

-

-

-

494

349,684

238,471

88,210

114,963

Proceeds from sales

-

-

-

29,013

376,939

141,893

102,557

113,813

Fee income on mortgage loans held for sale, net

-

-

-

-

-

-

-

3,131

Gain on sale of loans

-

-

-

405

4,368

3,449

2,634

34

Net change in:
Accrued interest receivable

1,925

865

321

387

396

600

365

366

Prepaid OFI/FDIC assessment

-

-

-

-

-

-

-

-140

Deferred tax asset

-

-

-

-

-

-

-

-21

Other assets

2,015

-995

639

-581

4,015

71

560

406

Accrued interest payable

-

-

-

-

-

-

-

4

Accrued taxes and other liabilities

990

-2,582

-2,274

-2,164

8,086

3,615

285

14

Net cash provided by operating activities

18,567

16,412

9,457

37,304

-

-

-

-

Net cash provided by operating activities

-

-

-

-

37,516

-87,598

15,922

-1,094

Cash flows from investing activities:
Proceeds from sales of investment securities available for sale

65,834

7,021

106,448

-

-

-

-

-

Purchases of securities available for sale

110,431

72,258

104,209

-

-

-

-

-

Proceeds from sales of investment securities available for sale

-

-

-

15,515

27,187

31,603

16,626

6,736

Purchases of securities available for sale

-

-

-

87,340

82,945

55,901

40,384

26,816

Proceeds from maturities, prepayments and calls of investment securities available for sale

39,578

30,545

29,295

18,627

11,224

10,465

8,530

4,789

Funds invested in securities held to maturity

-

-

-

-

5,622

16,348

-

-

Proceeds from maturities, prepayments and calls of investment securities held to maturity

1,623

1,884

2,021

6,217

1,663

385

170

-

Proceeds from redemption or sale of equity securities

2,986

1,299

2,000

2,800

6,813

1,972

828

238

Purchase of equity securities

7,040

4,265

4,844

2,261

7,067

5,509

1,312

935

Net decrease (increase) in loans

162,025

141,505

133,708

-

-

-

-

-

Proceeds from sale of loans

-

-

-

-

-

105,241

59,333

5,214

Net increase in loans

-

-

-

100,634

124,041

223,132

197,974

78,883

Proceeds from sales of other real estate owned

5,150

132

591

541

2,857

1,506

1,642

329

Purchases of other real estate owned

0

257

0

0

-

-

-

-

Proceeds from sales of fixed assets

0

19

625

2,686

696

3

-

-

Purchases of fixed assets

7,918

4,936

2,081

-

-

-

-

-

Purchases of fixed assets

-

-

-

3,964

4,079

5,142

-

-

Proceeds from sales of bank premises and equipment

-

-

-

-

-

-

1,306

505

Purchases of bank premises and equipment

-

-

-

-

-

-

9,389

4,916

Acquisition of trademark intangible

-

-

-

100

0

-

-

-

Purchase of bank owned life insurance

5,023

0

15,000

3,500

0

-

-

-

Purchase of other investments

95

119

711

553

0

-

-

-

Distributions from investments

162

39

24

0

0

-

-

-

Cash acquired from acquisition of Mainland Bank

-

-

-

-

-

-

9,293

-

Cash paid for Citizens Bank, net of cash acquired

0

0

1,235

0

-

-

-

-

Cash acquired from BOJ, net of cash paid

-

-

-

0

-

-

-

-

Net cash (used in) provided by investing activities

-103,063

-182,401

-98,348

-151,966

-

-

-

-

Purchase of investment in tax credit entity

-

-

-

-

-

766

-

-

Net cash used in investing activities

-

-

-

-

-173,314

-155,623

-151,331

-93,739

Cash flows from financing activities:
Net (decrease) increase in customer deposits

153,403

136,644

-20,467

170,436

109,391

95,648

146,632

71,784

Net increase (decrease) in repurchase agreements

-9,329

-19,936

-17,152

-12

26,807

2,089

6,169

-1,016

Net increase (decrease) in short-term FHLB advances

-

22,900

43,500

-

-

-

-

-

Net increase (decrease) in short-term FHLB advances

86,400

-

-

-

-

-

-

-

Net (decrease) increase in short-term FHLB advances

-

-

-

-33,780

13,141

90,639

-

-

Net decrease in short-term FHLB advances

-

-

-

-

-

-

-12,120

12,120

Proceeds from long-term FHLB advances

23,500

75,000

55,000

5,000

3,000

7,500

20,700

5,850

Repayment of long-term FHLB advances

12,000

58,100

20,603

15,914

14,429

3,171

7,557

750

Cash dividends paid on common stock

2,167

1,468

722

278

221

194

169

135

Proceeds from common stock offering, net of issuance costs

28,525

0

32,509

0

0

-

5,339

5,758

Proceeds from issuance of common stock in initial public offering

-

-

-

-

-

41,728

-

-

Proceeds from stock options and warrants exercised

287

1,036

1,172

165

-

297

-

-

Proceeds from stock options and warrants exercised

-

-

-

-

135

-

-

-

Payments to repurchase common stock

8,326

3,368

506

3,473

572

6

-

-

Payment of stock issuance costs

-

-

-

-

-

-

23

16

Proceeds from other borrowings

0

0

78

1,000

0

-

-

-

Repayments of other borrowings

0

0

1,078

0

0

-

-

-

Proceeds from subordinated debt, net of issuance costs

24,558

0

18,133

0

0

-

-

-

Net cash provided by financing activities

112,051

152,708

89,864

123,144

-

-

-

-

Net change in cash and cash equivalents

27,555

-13,281

973

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

137,252

234,530

158,971

93,595

Net (decrease) increase in cash and cash equivalents

-

-

-

8,482

1,454

-8,691

23,562

-1,238

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash payments for:
Income taxes

4,190

2,555

4,375

2,850

4,000

1,336

1,727

650

Interest on deposits and borrowings

24,396

16,139

10,201

8,294

-

-

-

-

Cash payments for interest on deposits and borrowings

-

-

-

-

5,833

4,675

3,301

2,538

SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING ACTIVITIES
Transfer from loans to other real estate owned

133

239

42

3,875

1,005

706

1,287

550

Transfer from bank premises and equipment to other assets

0

0

1,146

0

0

-

-

-

Loans originated to sell other real estate owned

-

-

-

-

-

-

100

-

Mainland
Cash acquired from acquisition

38,365

0

0

-

-

-

-

-

Bank of York
Cash acquired from acquisition

35,771

0

0

-

-

-

-

-

BOJ Bancshares, Inc.
Cash acquired from acquisition

0

0

22,436

-

-

-

-

-