National commerce corp (NCOM)
CashFlow / TTM
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14
Cash flows from operating activities:
Net earnings

42,444

32,746

27,467

23,232

20,068

23,972

22,088

19,993

17,853

15,884

13,561

11,463

9,605

8,182

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities:
Provision for loan losses

4,723

4,653

4,757

5,056

3,894

2,857

2,125

1,871

3,248

0

0

0

-

-

-

-

-

Net earnings attributable to noncontrolling interest

2,469

2,161

2,055

1,870

1,907

1,868

1,720

1,717

1,564

0

0

0

-

-

-

-

-

Depreciation, amortization and accretion, net

-372

-347

-1,015

-1,111

-386

102

374

962

1,065

0

0

0

-

-

-

-

-

Gain on sale of premises and equipment

4

-25

27

27

-8

0

0

0

-

-

-

-

-

-

-

-

-

Gain on ineffective portion of fair value hedge derivative

8

27

15

25

48

84

66

33

45

0

0

0

-

-

-

-

-

Change in mortgage loan derivative

-289

55

-165

-72

139

-79

352

363

62

0

0

0

-

-

-

-

-

Excess tax benefit from share-based compensation

1,058

454

458

597

799

0

0

286

-

0

0

0

-

-

-

-

-

Gain on sale of investment securities available-for-sale

193

74

74

100

-91

0

0

0

-

-

-

-

-

-

-

-

-

Share-based compensation expense

2,097

2,052

1,986

1,824

1,684

1,496

1,498

1,377

1,226

0

0

0

-

-

-

-

-

Income from bank-owned life insurance

1,225

1,095

982

925

855

841

837

822

810

0

0

0

-

-

-

-

-

Net gain on sale of other real estate

56

73

79

216

44

79

73

87

244

0

0

0

-

-

-

-

-

Other real estate write-downs

-

0

0

0

219

0

0

219

-

0

0

0

-

-

-

-

-

Change in (net of effect of business combinations):
Mortgage loans held-for-sale

-14,161

254

4,973

1,560

-10,810

-17,160

-24,614

-17,640

353

0

0

0

-

-

-

-

-

Other assets and accrued interest receivable

131

-94

-1,054

-1,165

66

279

-81

-284

-386

0

0

0

-

-

-

-

-

Other liabilities and accrued interest payable

-9,303

-2,314

-3,338

2,466

2,137

3,885

5,840

4,563

4,753

0

0

0

-

-

-

-

-

Net cash provided by operating activities

57,843

44,227

33,712

38,313

45,670

50,680

57,577

47,936

29,482

0

0

0

-

-

-

-

-

Cash flows from investing activities (net of effect of business combinations):
Proceeds from calls, maturities, and paydowns of securities available-for-sale

64,720

80,937

18,044

17,021

25,705

26,498

24,561

44,933

35,429

0

0

0

-

-

-

-

-

Proceeds from calls, maturities, and paydowns of securities held-to-maturity

687

782

814

821

900

969

1,002

1,088

997

0

0

0

-

-

-

-

-

Proceeds from sale of securities available-for-sale

154,708

141,275

102,386

102,699

22,240

15,056

11,778

11,213

1,495

0

0

0

-

-

-

-

-

Purchases of securities available-for-sale

159,185

160,924

97,643

107,143

45,072

38,604

46,710

64,201

57,725

0

0

0

-

-

-

-

-

Proceeds from sale of other investments

-

-

-

-

-

-

-

-

693

0

0

0

-

-

-

-

-

Purchases of other investments

4,336

1,743

2,021

3,150

3,078

2,632

2,632

1,979

2,337

0

0

0

-

-

-

-

-

Net cash received in acquisitions

-47,858

-47,859

-6,701

-6,701

-12,710

0

0

-9,471

-

0

0

0

-

-

-

-

-

Net change in loans

240,289

236,487

190,114

236,976

268,060

260,480

210,232

170,047

165,711

0

0

0

-

-

-

-

-

Proceeds from sale of other real estate

1,136

954

1,084

2,795

2,309

2,645

2,515

1,404

2,622

0

0

0

-

-

-

-

-

Proceeds from the sale of premises and equipment

652

711

2,874

2,874

2,342

2,409

243

243

225

0

0

0

-

-

-

-

-

Purchases of premises and equipment

8,233

8,039

19,045

16,482

18,732

18,534

4,468

5,276

2,848

0

0

0

-

-

-

-

-

Net cash used by investing activities

-145,494

-134,088

-176,321

-230,491

-268,387

-260,214

-214,723

-173,152

-187,161

0

0

0

-

-

-

-

-

Cash flows from financing activities (net of effect of business combinations):
Net change in deposits

87,643

175,260

137,421

-30,609

202,118

181,470

255,376

293,846

153,412

0

0

0

-

-

-

-

-

Proceeds from Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

15,000

0

0

0

-

-

-

-

-

Cash distribution paid to noncontrolling interests

2,162

2,054

1,870

1,906

1,868

1,721

1,717

1,565

1,627

0

0

0

-

-

-

-

-

Stock offering expenses related to acquisition

230

202

150

150

194

0

0

138

-

0

0

0

-

-

-

-

-

Proceeds from exercise of options and warrants

2,149

1,984

1,109

1,095

2,813

2,824

3,564

3,483

1,263

0

0

0

-

-

-

-

-

Net cash (used) provided by financing activities

69,494

155,603

135,622

6,273

240,712

221,163

295,743

320,093

162,515

0

0

0

-

-

-

-

-

Net change in cash and cash equivalents

-18,158

65,742

-6,987

-185,905

17,995

11,629

138,597

194,877

4,836

0

0

0

-

-

-

-

-

Cash paid during the period for:
Interest

21,394

15,828

13,042

11,036

10,351

9,587

8,977

8,016

7,179

0

0

0

-

-

-

-

-

Income taxes

11,617

13,379

12,452

12,759

12,759

11,892

11,294

7,143

7,143

0

0

0

-

-

-

-

-

Non-cash investing and financing activities:
Unrealized gains arising during the period, net of tax of $143 and $20, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

Change in unrealized (losses) gains on securities available-for-sale, net of tax

-2,677

-3,451

-2,268

-1,607

141

-558

346

-490

-299

0

0

0

-

-

-

-

0

Transfer of loans to other real estate

721

811

1,084

468

488

774

501

501

481

0

0

0

-

-

-

-

-

Assets acquired and liabilities assumed in acquisitions:
Assets acquired in acquisitions

1,318,959

1,318,728

627,026

657,340

507,404

0

0

323,246

-

0

0

0

-

-

-

-

-

Liabilities assumed in acquisitions

1,113,817

1,113,585

508,483

508,505

420,453

0

0

291,440

-

0

0

0

-

-

-

-

-

Tax benefit resulting from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0