Fidelity southern corp (LION)
CashFlow / Quarterly
Mar'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'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

6,113

9,924

12,742

9,390

11,767

12,443

7,934

8,892

10,527

15,065

12,515

6,645

4,541

6,777

9,217

12,451

10,690

7,213

8,802

7,958

6,063

3,861

7,853

9,433

6,491

5,440

8,167

6,404

5,316

3,832

2,110

3,614

1,842

Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses

936

745

360

2,286

2,130

0

1,425

750

2,100

2,485

2,118

3,128

500

3,097

1,328

-182

108

556

1,859

566

-2,450

273

1,121

570

3,476

5,243

3,477

950

3,750

5,300

4,400

4,850

5,775

Depreciation and amortization of premises and equipment

1,067

1,153

1,090

1,071

1,091

1,096

1,057

1,100

1,159

1,181

1,231

1,300

1,240

1,487

1,256

1,141

1,157

1,149

1,070

1,257

870

991

981

791

698

693

687

652

564

577

512

524

479

Amortization of FDIC indemnification asset, net

0

0

0

0

4

0

0

649

510

354

383

510

74

105

481

-52

357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of purchase discounts or premiums, net

388

1,496

-207

379

291

1,169

358

978

309

91

147

-1,003

1,441

112

-98

144

72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other amortization

46

76

177

250

236

240

279

439

363

342

355

337

377

-226

588

64

55

-5,153

2,570

800

1,940

-5,780

4,005

-16

2,035

3,716

1,587

1,177

983

1,335

852

729

609

Impairment of other real estate

288

77

128

234

85

107

58

54

839

44

656

6

384

0

55

171

234

47

511

207

1,393

589

1,678

502

1,294

1,153

1,452

1,138

947

1,256

844

1,100

1,588

Amortization of Mortgage Servicing Rights (MSRs)

9,368

-22,889

5,256

3,803

48

-33,111

5,384

5,446

2,475

-46,880

5,479

13,126

8,748

-4,067

-5,449

-731

-5,638

-10,706

150

-1,772

-710

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

1,577

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

581

3,921

1,356

1,356

1,478

1,519

1,522

831

752

2,685

90

288

481

471

339

343

315

1,164

164

163

164

272

423

287

288

203

146

202

136

35

-96

94

25

Postretirement benefits, net

547

618

618

618

618

-15

68

1,439

526

-1,362

459

459

459

500

440

471

409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on investment securities called or sold

-

-

-

-

-

-

-

-

-

-

296

200

82

-329

0

0

0

-

-

-

-

-

-

-

-

0

4

0

303

-

-

-

-

Gains on loan sales, including origination/sale of servicing rights

13,191

21,037

21,213

19,642

17,723

19,686

24,264

22,332

20,659

25,140

31,302

24,476

16,607

17,520

22,560

23,029

21,526

18,524

17,843

13,054

11,082

3,254

25,431

17,153

17,986

34,059

6,698

1,938

5,469

-

-

-

-

Gain on loan sales, including the fair value adjustment on loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,303

Net loss on sales of other real estate

-2

-16

-2

42

0

-188

470

76

301

-148

482

0

525

308

728

1,745

303

814

966

1,059

460

444

1,601

780

1,549

2,254

640

377

250

304

-531

893

185

Income on bank owned life insurance

384

418

2,951

419

401

428

428

440

436

460

477

489

427

945

497

498

460

274

284

736

272

280

299

298

285

2,110

-306

-305

-296

-307

-579

-34

-295

Net change in deferred income tax

-971

-1,080

-1,333

-1,544

365

5,423

-7,610

5,586

-5,632

-6,646

-2,750

-291

1,677

-10,007

3,096

-1,173

1,544

-

-

-

-

-

-

-

-

5,641

-3,119

2,255

174

-

-

-

-

Net change in fair value of loans held-for-sale

3,606

-3,192

-3,043

2,073

2,109

-1,345

-2,345

2,209

2,907

-7,176

1,096

3,376

2,618

649

-1,028

-1,098

3,967

587

-1,746

1,608

1,362

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held-for-sale

552,073

583,133

729,293

859,242

659,011

687,292

720,141

884,303

668,270

886,459

872,066

968,744

727,760

699,407

771,698

924,877

820,118

667,114

793,330

732,900

471,022

-

-

-

-

-

-

-

-

-

-

-

265,120

Proceeds from sales of loans held-for-sale

539,779

727,148

811,720

851,921

605,996

680,981

787,383

866,629

787,827

881,262

903,097

924,808

743,488

651,194

912,786

867,923

800,142

612,947

835,748

582,099

484,520

3,092,682

-50,860

47,616

3,244

-

-

-

-

-

-

-

369,316

Net payments paid to FDIC under loss-share agreements

0

-1,776

0

632

256

974

-2

-72

-413

97

-58

-110

-21

1,148

201

-181

-688

10,634

-1,468

-1,187

-2,373

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans originated for resale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-136,591

4,257

12,089

-

-30,315

-31,822

-29,835

-

-

-

-

Net decrease in FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,285

987

-

-

-

-

Accrued interest receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

194

-777

-

121

-422

136

Decrease in other assets

1,707

-1,323

1,637

223

592

1,303

-1,384

-1,652

-2,878

-19

2,406

267

-685

-3,601

2,019

-1,922

3,968

-8,272

11,474

-1,442

-14

-648

-26,378

29,882

-3,764

-6,055

-473

3,251

6,564

-2,883

3,752

2,623

-1,617

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-764

564

-868

-

-608

402

-689

(Decrease) increase in other liabilities

-1,096

-2,118

137

-261

5,346

-1,041

-8,654

3,963

5,891

-7,201

-479

-692

-2,163

-6,084

7,993

-3,352

4,735

3,437

-5,792

3,925

2,430

-10,365

-7,093

17,575

-1,882

-11,182

6,897

946

2,071

529

1,600

3,962

404

Net cash used in operating activities

-11,170

145,746

83,075

-10,440

-51,949

-11,937

62,136

-24,008

129,010

-11,413

20,440

-46,233

7,698

-43,664

140,259

-66,210

-27,430

-31,886

24,099

-147,981

13,829

29,756

149,794

-23,228

-15,745

-39,617

-30,221

-24,824

-30,202

-6,404

-18,540

31,528

109,780

Cash flows from investing activities:
Purchases of investment securities available-for-sale

35,211

43,630

67,318

30,070

9,923

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

17,414

19,010

27,185

10,357

0

0

14,090

0

-903

88,069

30,067

53,702

Proceeds from sales of investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

17,261

0

25,688

-

-

-

-

Purchase of FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,623

1,732

-

1,575

951

41

-

-

-

-

Maturities, calls, and repayment of investment securities available-for-sale

5,904

5,287

4,693

5,705

3,826

3,581

5,332

8,624

4,999

6,578

15,445

9,980

9,665

4,504

8,294

7,645

7,356

7,484

7,176

6,572

6,112

8,903

12,809

13,640

11,166

10,107

10,977

23,965

51,764

19,569

23,760

38,001

4,653

Purchases of investment securities held-to-maturity

-

-

-

-

-

-

-

-

-

0

0

2,329

1,600

2,025

1,589

1,404

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities, calls and repayment of investment securities held-to-maturity

191

229

574

339

330

363

495

364

576

197

412

337

715

443

257

236

227

240

262

278

256

417

510

545

639

291

630

1,102

691

805

892

2,145

1,400

Purchases of FHLB stock

2,269

2,125

1,275

5,312

8,671

5,312

0

3,188

3,493

2,125

2,337

2,124

7,422

2,125

0

4,675

3,395

8,685

5,625

4,050

900

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of FHLB stock

1,063

3,187

4,250

9,775

0

-1

6,375

6,376

3,187

3,400

0

1,061

6,589

-1

5,525

2,125

3,838

2,610

7,875

450

2,239

1,125

2,475

2,948

1,143

3,179

0

0

0

-

-

-

-

Net proceeds from sales of loans previously classified as held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

52,211

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment in FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net decrease (increase) in loans

-6,322

-18,461

-83,262

80,107

135,550

171,332

78,433

-22,324

54,772

-27,181

142,782

102,273

52,245

110,298

198,453

94,697

59,918

180,909

111,456

126,998

6,666

110,497

11,210

15,927

53,780

48,388

-2,859

56,529

39,008

57,795

54,075

39,841

35,437

Purchase of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

25,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate

245

105

57

642

0

1,024

1,281

2,630

3,986

2,799

2,828

3,106

2,828

3,442

4,284

6,476

3,480

7,206

4,661

4,252

5,530

4,691

9,445

9,158

7,867

-

-

-

-

-

-

-

3,853

Capital improvements to other real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

Purchases of premises and equipment

1,761

3,493

2,203

2,693

1,252

-32

3,328

1,309

700

603

3,568

356

2,002

3,703

1,531

5,916

1,010

2,354

3,060

4,089

3,903

3,582

1,102

4,126

1,537

1,842

1,257

3,564

2,006

5,190

1,415

1,955

692

Cash received in excess of cash paid for acquisition

-

-

-

-

-

-

-

-

-

-

0

0

37,609

-

115,993

0

30,747

-

162,033

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-25,516

-20,975

37,784

-101,721

-151,240

-178,645

-68,278

35,821

-46,217

35,445

-131,668

-102,994

-5,863

-17,554

-88,046

-100,205

-23,675

-199,444

61,866

-132,057

54,879

-59,685

-56,943

23,046

-43,347

1,182

28,804

-20,350

37,088

6,949

-118,864

1,112

-83,740

Cash flows from financing activities:
Net (decrease) increase in noninterest-bearing deposits

-11,361

-34,857

23,734

73,342

26,717

12,884

29,748

77,594

40,472

-11,278

-19,495

110,354

34,175

5,736

49,881

-60,339

143,516

-81,463

57,393

35,079

37,629

41,850

15,439

49,674

-585

-

-

-

-

-

-

-

-

Net increase in interest-bearing deposits

12,316

-33,534

-43,395

95,881

6,490

-84,044

8,816

67,094

84,042

102,964

-11,203

37,804

24,079

-4,638

71,820

46,691

13,159

80,184

5,622

-10,049

-39,692

-6,960

-1,211

45,509

-9,275

-16,285

49,686

-54,931

-43,310

-67,940

17,060

23,944

25,908

Net decrease in other short-term borrowings

2,307

1,198

-4,324

-20,479

12,785

10,834

-150

430

-3,885

-79,252

82,332

993

-30,452

8,732

-36,792

42,503

-80,069

79,685

-61,413

64,130

-548

14,311

-55,219

-42,410

60,391

-26,229

-5,829

72,663

-22,026

-

-

-

-

Net increase in demand deposits, money market accounts, and savings accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33,327

27,371

40,171

-

-

-

-

Net increase in transactional accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,053

6,427

38,877

Proceeds from FHLB advances

375,000

600,000

450,000

1,120,000

725,000

125,000

0

150,000

200,000

200,000

255,000

245,000

625,000

140,000

175,000

345,000

250,000

393,000

165,000

110,000

20,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on FHLB advances

350,000

625,000

520,000

1,225,000

525,000

0

150,000

225,000

200,000

230,000

200,000

220,000

615,000

90,000

305,000

285,000

260,000

258,000

215,000

30,000

35,000

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

1

609

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock, net

6,908

4,784

1,478

3,181

201

5,076

2,412

1,278

529

3,292

2,882

1,589

2,390

3,251

1,814

833

450

-824

875

770

753

191

702

66,591

409

1,047

524

406

205

398

199

14,096

43

Net decrease in borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,245

Cash dividends paid on common stock

3,242

3,272

3,266

3,244

3,240

3,220

3,204

3,164

3,160

3,135

3,124

3,057

2,871

2,307

2,259

2,141

1,923

1,920

1,918

1,704

848

641

426

5

3

4

2

4

3

-

-

-

-

Preferred stock dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

402

602

603

603

602

602

603

603

602

602

603

Net cash provided by financing activities

27,314

-95,150

-95,773

69,251

217,383

64,857

-112,378

68,232

117,998

-18,230

106,392

172,683

37,321

59,978

-45,556

161,498

65,133

211,370

-49,539

168,225

-18,315

5,617

-110,817

118,757

50,334

40,089

10,450

44,903

-25,566

-61,495

60,639

36,580

51,980

Net (decrease) increase in cash and cash equivalents

-9,372

29,621

25,086

-42,910

14,194

-125,725

-118,520

80,045

200,791

5,802

-4,836

23,456

39,156

-1,240

6,657

-4,917

14,028

-19,960

36,426

-111,813

50,393

-24,312

-17,966

118,575

-8,758

1,654

9,033

-271

-18,680

-60,950

-76,765

69,220

78,020

Supplemental cash flow information and non-cash disclosures:
Cash paid during the period for:
Interest on deposits and borrowings

7,555

9,497

7,033

9,148

5,701

6,499

5,068

6,402

4,366

6,354

4,003

6,004

3,670

5,921

3,169

3,115

2,894

2,912

2,708

2,687

2,968

2,828

4,386

3,172

4,618

3,403

5,012

3,631

5,475

4,670

6,012

5,645

6,961

Acquisitions:
Income taxes

0

4,598

692

4,391

0

2,992

3,581

4,308

7

6,325

5,903

3,973

1,694

2,481

1,111

5,771

155

-2,669

2

3,571

66

7,141

5,250

750

4,250

7,050

2,720

4,492

660

994

2,431

4,253

2,202

Assets acquired

-

-

-

-

-

-

-

-

-

-

1,955

0

167,366

-

35,778

0

7,452

-

9,119

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

-

-

-1,827

0

186,030

-

151,770

0

38,199

-

170,994

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued

-

-

-

-

-

-

-

-

-

-

0

0

22,727

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of investment securities from available-for-sale to held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,194

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans from held-for-sale to held for investment

1,044

2,204

808

304

1,684

2,796

1,138

1,971

0

1,673

100

570

2,230

6,349

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans to other real estate

749

457

1,384

0

132

315

112

706

994

879

1,307

2,251

2,683

675

2,248

984

835

2,004

4,275

5,783

28

1,669

2,789

10,811

6,807

11,852

1,738

9,697

2,483

16,183

7,819

7,933

3,152

Initial recognition of operating lease right-of-use assets

17,070

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

18,309

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discount on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

415

221

220

221

221

220

221

221

220

221

221

Loans transferred from held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,324