Investar holding corp (ISTR)
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'14
Net income
Net Income (Loss) Attributable to Parent

608

3,331

4,657

4,934

3,917

3,337

4,047

3,820

2,402

2,284

2,131

1,923

1,864

1,848

2,037

2,005

1,990

1,454

1,856

1,813

1,950

2,009

1,442

1,067

879

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

1,033

943

882

873

764

682

644

629

598

556

542

391

376

383

371

369

370

365

362

362

357

353

342

328

303

Amortization of purchase accounting adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-101

Provision for loan losses

3,760

736

538

369

265

593

785

567

625

395

420

375

350

375

450

800

454

365

400

400

700

430

505

448

245

Amortization of purchase accounting adjustments

299

225

409

398

393

326

573

567

714

255

235

-1

0

75

-9

-10

-17

346

-39

-51

-70

-

-

-

-

Provision for other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

30

12

12

2

182

16

10

Net amortization of securities

-538

-418

-315

-7

28

-29

-115

-138

-196

-280

-275

-228

-331

-411

-359

-304

-230

-254

-269

-277

-251

-284

-294

-274

-235

Gain on sale of investment securities, net

172

33

0

227

2

-23

15

22

0

50

27

109

106

15

204

144

80

-

-

-

-

-

-

-

-

Loss (gain) on sale of fixed assets, net

-

-

-

-

-

0

9

-1

90

-57

160

1

23

14

0

1,252

0

-

-

-

-

-

-

-

-

Gain on sale of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

49

116

Gain on sale of other real estate owned, net

26

-17

1

13

5

-20

0

-4

0

-5

37

-10

5

2

0

10

1

36

-147

7

-1

-8

245

-4

-3

FHLB stock dividend

715

77

87

87

85

77

65

52

45

34

26

21

18

18

17

20

11

4

3

4

3

2

3

1

2

Stock-based compensation

383

374

374

393

289

272

275

284

240

199

201

207

179

152

151

165

141

104

105

99

77

73

71

43

41

Deferred taxes

-347

11

-139

-8

289

21

-416

314

922

455

-109

40

-141

-299

94

226

-228

47

-84

-995

646

-

-

-

-

Net change in value of bank owned life insurance

190

195

186

170

152

157

159

161

151

91

58

49

47

52

48

47

42

-

-

-

-

-

-

-

-

Amortization of subordinated debt issuance costs

5

18

12

11

12

11

12

11

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in the fair value of equity securities

-826

121

-9

57

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in the fair value of equity securities

-826

121

-9

57

172

-289

36

3

-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of subordinated debt issuance costs

-

-

-

-

-

-

-

-

-

-

-11

-12

0

-

-

-

-

-12

0

0

-11

-

-

-

-

Unrealized loss on equity securities

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Originations

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

495

62,172

77,162

107,464

102,886

91,067

65,956

45,047

36,401

Proceeds from sales

-

-

-

-

-

-

-

-

-

-

-

-

-

5,176

0

0

23,837

37,853

100,745

94,642

143,699

41,399

45,213

38,559

16,722

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

92

0

0

313

537

1,023

1,077

1,731

648

1,146

1,031

624

Net change in:
Accrued interest receivable

851

594

250

503

578

480

231

134

20

45

298

-47

25

137

241

-139

148

271

128

116

-119

458

56

153

-67

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214

-112

22

Other assets

1,270

954

572

770

-281

-705

117

34

-441

444

-214

534

-125

-920

505

761

-927

3,995

553

-381

-152

-16

45

463

-421

Accrued taxes and other liabilities

-2,500

1,181

-3,255

1,600

1,464

-1,247

-324

-597

-414

-1,229

-1,039

-6,278

6,272

-4,396

-3,040

4,465

807

1,938

1,389

677

4,082

-868

2,563

1,484

436

Net cash provided by operating activities

783

4,830

1,906

5,965

5,866

4,262

3,933

4,198

4,019

2,095

1,805

-3,575

9,132

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-602

6,236

27,421

-24,643

25,977

-11,185

47,367

-47,985

-17,217

-4,492

-17,904

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

16,572

3,270

0

62,171

393

0

7,021

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

47,882

13,963

16,298

57,839

22,331

23,372

7,163

18,984

22,739

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of investment securities available for sale

-

-

-

-

-

-

-

-

-

-

63,488

8,724

10,325

1,099

5,998

4,978

3,440

-

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

-

-

-

-

-

-

46,053

22,984

26,577

26,676

8,401

32,669

19,594

32,690

26,160

15,479

8,616

4,448

21,894

10,122

19,437

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

15,014

11,020

9,733

9,326

9,499

8,291

8,927

7,767

5,560

9,593

8,364

5,394

5,944

6,569

4,633

5,314

2,111

2,745

3,231

2,786

2,462

3,698

2,595

-8,327

12,499

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

151

903

148

332

240

954

259

412

259

1,280

145

175

421

1,324

4,192

558

143

1,081

133

306

143

243

115

13

14

Proceeds from redemption or sale of equity securities

2,371

99

2,887

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,457

1

-1

5,356

596

1,028

0

348

Purchase of equity securities

820

0

7,040

0

0

1,395

0

1,965

905

1,220

0

2,684

940

756

0

167

1,338

2,388

713

2,341

1,625

2,975

800

1,304

430

Net decrease (increase) in loans

6,322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease (increase) in loans

-

-

-

-

11,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

43,496

38,263

23,482

Net increase in loans

-

-

-

-

-

-

-

27,059

14,413

-

48,322

31,110

8,881

15,683

23,353

15,819

45,779

35,769

37,179

27,274

23,819

41,195

60,466

73,787

47,684

Proceeds from sales of other real estate owned

131

109

1,534

232

3,275

95

0

37

0

78

466

22

25

61

0

418

62

1,131

1,165

144

417

-

-

-

-

Purchases of other real estate owned

-

-

-

-

-

30

2

0

225

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of fixed assets

-

-

-

-

-

-

-

-

-

24

274

36

291

37

0

2,649

0

-

-

-

-

-

-

-

-

Purchases of fixed assets

1,759

-

2,708

1,085

2,425

-

1,107

1,682

1,089

-

377

491

346

282

2,050

1,143

489

-

-

-

-

-

-

-

-

Proceeds from sales of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

Purchases of bank premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

945

-

503

1,720

1,889

Acquisition of trademark intangible

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

-

-

-

-

-

-

-

-

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,500

-

-

-

-

-

-

-

-

Distributions from investments

7

102

9

43

8

8

18

7

6

12

0

12

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired from acquisition of Mainland Bank

0

-

0

0

38,365

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition PlainsCapital branches, net of cash acquired

10,761

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-20,654

-24,198

-54,531

-40,013

15,679

-58,535

-49,383

-40,937

-33,546

-13,137

-23,943

-41,530

-19,738

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,981

-36,434

-65,044

-65,252

-42,952

-38,483

-26,627

-44,941

-30,167

-47,506

-33,009

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

-15,803

37,377

33,154

19,440

63,432

66,129

64,719

4,301

1,495

-1,864

-5,641

26,271

-39,233

743

39,856

58,520

71,317

6,996

24,453

7,142

70,800

6,533

42,974

14,506

31,635

Net increase (decrease) in repurchase agreements

737

-4,788

267

-343

-4,465

-15,932

1,179

-4,301

-882

-2,957

-11,853

384

-2,726

15,533

-5,300

-823

-9,422

4,451

19,519

2,252

585

241

626

-1,355

2,577

Net increase (decrease) in short-term FHLB advances

36,721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in short-term FHLB advances

-

-

-

-

21,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in short-term FHLB advances

-

-

-

-

-

-

-19,000

50,000

-8,500

-

23,500

20,000

-5,000

0

-5,000

-6,877

-21,903

-

-

-

-

-

-

-

-

Net decrease in short-term FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-90,639

-

-33,097

33,371

3,830

Proceeds from long-term FHLB advances

-

-

-

-

-

0

30,000

0

45,000

10,000

30,000

10,000

5,000

0

5,000

0

0

0

0

2,500

500

-

-

-

-

Repayment of long-term FHLB advances

600

0

0

12,000

0

2,000

40,000

0

16,100

17,000

85

3,128

390

6,140

4,656

3,485

1,633

4,183

8,782

683

781

675

1,886

180

430

Cash dividends paid on common stock

679

601

553

532

481

436

390

339

303

265

194

176

87

79

71

65

63

59

58

53

51

49

48

49

48

Proceeds from common stock offering, net of issuance costs

-

-

-

-

-

-

-

-

-

0

0

-44

32,553

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from stock options and warrants exercised

46

117

142

28

0

-1

58

807

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options and warrants exercised

-

-

-

-

-

-

-

-

-

-

222

194

473

-

15

15

0

-

-

-

-

-

-

-

-

Payments to repurchase common stock

6,659

1

428

4,529

3,368

1,535

1,159

0

674

242

264

0

0

641

1,240

1,277

315

-

-

-

-

-

-

-

-

Payment of stock issuance costs

45

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from other borrowings

-

-

-

-

-

-

-

-

-

0

0

0

78

1,000

0

0

0

-

-

-

-

-

-

-

-

Repayments of other borrowings

-

-

-

-

-

-

-

-

-

0

0

78

1,000

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from subordinated debt, net of issuance costs

-

-

-

-

-

-

-

-

-

0

0

0

18,133

0

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by financing activities

13,718

35,062

17,707

25,564

33,718

46,625

35,407

50,468

20,208

-7,045

35,685

53,423

7,801

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-6,153

15,694

-34,918

-8,484

55,263

-7,648

-10,043

13,729

-9,319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,604

46,008

37,981

90,985

12,312

53,541

-19,586

93,211

51,462

52,293

37,564

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

13,547

8,318

-2,805

-16,707

9,021

15,810

358

1,090

-4,663

3,873

1,154

285

4,078

295

-13,349

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION