Limestone bancorp, inc. (LMST)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net income

10,518

8,794

38,453

-2,753

-3,213

-11,155

-1,586

-32,932

-107,307

-4,384

11,068

Adjustments to reconcile net income to net cash from operating activities
Depreciation and amortization

1,669

1,080

1,239

1,725

1,711

1,738

2,017

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

2,288

2,389

2,926

3,464

Provision for loan losses

-

-500

-800

-2,450

-4,500

7,100

700

40,250

62,600

30,100

14,200

Net amortization on securities

-700

-865

-1,246

-1,297

-1,434

-1,614

-2,132

-3,335

-1,552

9

558

Goodwill impairment charge

-

-

-

-

-

-

-

-

23,794

-

-

Stock-based compensation expense

535

524

400

443

445

555

604

442

436

467

386

Deferred taxes, net

653

2,376

-31,899

-

0

-

-

-

12,958

-7,898

-2,574

Gain on extinguishment of junior subordinated debt

-

-

-

-

883

0

-

-

-

-

-

Tax benefit from OCI components

-

-

-

-

-

1,583

-

-

-

-

-

Tax benefit from OCI components

-

-

-

-

-

-

-

-65

-

-

-

Net gain on sales of loans held for sale

-

1

46

86

-204

53

87

-

-

-

-

Net loss (gain) on sales of loans held for sale

-

-

-

-

-

-

-

338

713

554

411

Origination of loans held for sale

-

-

2,859

5,145

6,652

2,528

4,035

16,365

24,881

28,165

20,529

Proceeds from sales of loans held for sale

-

71

2,835

5,417

6,548

2,730

4,469

16,827

24,649

28,467

20,439

Net gain on sales of other real estate owned

-

72

74

222

-74

306

-132

-1,672

-8,889

-565

-190

Net write-down of other real estate owned

260

850

1,963

1,180

9,855

4,255

2,466

7,154

34,874

14,062

500

Net realized (gain) loss on sales and calls of investment securities

-5

-6

288

216

-

-

-

-

-

-

-

Net realized (gain) loss on sales and calls of investment securities

-

-

-

-

1,766

92

723

3,236

-

-

-

Net (gain) loss on sale of premises and equipment

1

692

-3

1

0

-

-

-

-

-

-

Impairment of premises held for sale

150

392

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance, net of premium expense

391

417

391

397

274

-

-

-

-

-

-

Amortization of operating lease right-of-use assets

185

-

-

-

-

-

-

-

-

-

-

Net change in accrued interest receivable and other assets

302

491

-2,079

-

-

-

-

-

-

-

-

Net change in accrued interest payable and other liabilities

-763

-155

-9,854

-

-

-

-

-

-

-

-

Net realized gain on sales of investment securities

-

-

-

-

-

-

-

-

1,067

4,555

315

Increase in cash surrender value of owned life insurance, net of premium expense

-

-

-

-

-

256

513

292

301

296

283

Net change in accrued interest receivable and other assets

-

-

-

814

-810

1,574

-1,364

-16,150

7,062

-3,667

5,531

Net change in accrued interest payable and other liabilities

-

-

-

8,133

267

980

2,585

791

-575

-485

-2,398

Net cash from operating activities

-

-

-

-

-

1,425

9,525

35,746

-

-

-

Net cash from operating activities

13,218

12,630

2,007

6,111

4,060

-

-

-

30,235

33,908

17,648

Cash flows from investing activities
Purchases of available for sale securities

29,169

77,159

21,112

41,827

-

-

-

-

-

-

-

Net change in interest-bearing deposits with banks

-

-

-

-

-

-

-

-

-

-

600

Purchases of available for sale securities

-

-

-

-

21,828

45,803

72,814

162,840

123,609

55,750

36,979

Proceeds from sales and calls of available for sale securities

5,351

6,054

41,686

8,311

45,012

6,251

8,061

93,199

50,318

96,808

13,813

Proceeds from maturities and prepayments of available for sale securities

19,083

20,116

21,838

22,876

21,084

15,573

26,506

48,800

23,378

25,917

32,100

Proceeds from calls of held to maturity securities

-

-

47

-

0

-

-

-

-

-

-

Proceeds from maturities of held to maturity securities

-

-

145

-

0

-

-

-

-

-

-

Proceeds from calls of held to maturity securities

-

-

-

-

-

1,000

-

-

-

-

-

Proceeds from mandatory redemption of Federal Home Loan Bank stock

-

-

-

-

-

-2,749

-

-

-

-

-

Proceeds from sales of loans not originated for sale

-

-

-

-

-8,640

0

-

-

-

-

-

Proceeds from sale of other real estate owned

-

876

793

12,438

22,567

13,084

30,772

21,940

14,142

15,284

13,121

Improvements to other real estate owned

-

-

-

-

-

-

-

1

1,650

1,947

293

Proceeds from mandatory redemptions of Federal Home Loan Bank stock

996

90

-

-

-

-

-

-

-

-

-

Net changes in loans

35,538

52,885

73,202

22,368

2,239

-26,923

-139,548

-

-

-

-

Proceeds from sale of premises and equipment

1

1,590

331

-

-

-

-

-

-

-

-

Proceeds from sale of premises and equipment

-

-

-

268

0

-

-

-

-

-

-

Loan originations and payments, net

-

-

-

-

-

-

-

167,272

92,190

6,160

-

Loan originations and payments, net

-

-

-

-

-

-

-

-

-

-

92,248

Purchases of premises and equipment

1,321

1,168

284

464

385

523

281

511

332

368

2,605

Net cash paid for acquisition

5,280

-

-

-

-

-

-

-

-

-

-

Purchase of bank owned life insurance

-

-

-

5,000

0

0

-

-

-

-

-

Net cash from investing activities

-

-

-

-

-

19,254

131,792

167,859

-

-

-

Net cash from investing activities

-45,877

-102,486

-29,758

-25,766

72,851

-

-

-

54,437

86,104

-72,491

Cash flows from financing activities
Net change in deposits

975

47,207

-2,901

-28,072

-48,844

-60,864

-77,354

-258,704

-143,905

-62,428

241,547

Net change in repurchase agreements

-

-

-

-

-1,341

-1,129

-164

896

-9,878

99

1,433

Repayment of Federal Home Loan Bank advances

160,160

120,248

55,661

623

17,671

23,765

1,112

1,512

32,906

307,958

299,796

Advances from Federal Home Loan Bank

175,000

155,000

45,000

20,000

5,000

35,025

-

-

25,000

240,000

240,000

Repayment of subordinated capital note

-

2,250

900

900

900

900

1,125

675

900

450

-

Proceeds from issuance of subordinated capital note

17,000

-

-

-

-

-

-

-

-

-

-

Proceeds from senior debt

-

-

10,000

-

0

-

-

-

-

-

-

Repayment of senior debt

5,000

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

-

14,910

-

2,231

0

0

-

-

-

-

-

Common shares withheld for taxes

314

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

3,505

-

-

-

-

-

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-51,633

-79,755

-259,995

-

-

-

Issuance of preferred stock and warrants, net

-

-

-

-

-

-

-

-

-

11,064

-

Issuance of common stock and warrants, net

-

-

-

-

-

-

-

-

-

19,476

-

Cash dividends paid on preferred stock

-

-

-

-

-

-

-

-

1,319

1,847

1,721

Cash dividends paid on common stock

-

-

-

-

-

-

-

-

237

4,706

6,993

Net cash from financing activities

27,501

91,114

-4,462

-7,364

-63,756

-

-

-

-164,145

-106,750

174,470

Net change in cash and cash equivalents

-5,158

1,258

-32,213

-27,019

13,155

-30,954

61,562

-56,390

-79,473

13,262

119,627

Supplemental cash flow information:
Interest paid

13,763

10,607

5,665

5,253

7,076

-

-

-

-

-

-

Interest paid

-

-

-

-

-

9,475

10,711

15,402

22,218

29,637

41,055

Income taxes paid (refunded)

-346

-

-

21

0

0

-

-12,726

2,000

4,850

8,150

Supplemental non-cash disclosure:
Proceeds from common stock issuance directed by investors to pay junior subordinated debt interest

-

-

-

2,799

0

0

-

-

-

-

-

Transfer from loans to other real estate

-

730

270

1,273

5,513

32,338

20,606

-

-

-

-

Transfer from premises and equipment to premises held for sale

-

1,050

-

-

-

-

-

-

-

-

-

Transfer from loans to other real estate

-

-

-

-

-

-

-

33,528

41,917

90,787

20,534

Financed sales of other real estate owned

-

-

-

270

0

0

15

541

11,848

9,736

-

Transfer from available for sale to held to maturity securities

-

-

-

-

-

-

44,934

-

-

-

-

AOCI component of transfer from available for sale to held to maturity

-

-

-

-

-

-

-1,281

-

-

-

-

Transfer of loans to loans held for sale at fair value

-

-

-

-

-

8,926

-

-

-

-

-

Effect of accrued and unpaid dividends on preferred stock redemption

-

-

-

-

-

7,375

-

-

-

-

-

Effect of junior subordinated debt to equity exchange

-

-

-

-

4,330

0

-

-

-

-

-

Transfer from held to maturity to available for sale securities

-

-

41,380

-

0

-

-

-

-

-

-

AOCI component of transfer from held to maturity to available for sale, net of tax

-

-

456

-

0

-

-

-

-

-

-

Initial recognition of right-of-use lease assets

507

-

-

-

-

-

-

-

-

-

-

5% Stock dividend

-

-

-

-

-

-

-

-

-

5,872

-

5% Stock dividend

-

-

-

-

-

-

-

-

-

-

7,295