PACIFIC MERCANTILE BANCORP PMBC Cash Flow

Pacific mercantile bancorp (PMBC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows From Operating Activities:
Net Income (Loss) Attributable to Parent
-2,361	441	1,629	2,728	882	4,363	3,900	15,369	3,707	2,412	3,756	2,500	1,781	309	-30,526	-4,710	284	12,066	321	139	-85	287	-385	4	451	-14,804	-1,101	-3,142	-3,169	-883	3,359	5,796	1,382	7,860	852	1,240	1,680
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
101	108	98	105	108	105	107	105	88	110	118	94	106	117	130	116	122	136	128	133	128	131	35	149	147	131	125	136	144	122	116	139	129	129	121	127	122
Provision for loan and lease losses
6,200	3,750	2,100	0	3,300	0	0	0	0	-	-	-	0	0	10,730	8,720	420	0	0	0	0	0	450	600	450	3,355	0	0	1,150	0	500	1,850	-400	-	-	-	-
Amortization of premium on securities
-33	-37	-36	-39	-38	-38	-45	-47	-49	-49	-56	-58	-58	-70	-71	-71	-71	-71	-85	-80	-83	-81	-87	-82	-81	-83	-101	-129	-149	-101	-79	-40	-143	-117	-146	-156	-166
Net (gain) loss on sale of securities available for sale
-	-	-	-	-	0	0	0	48	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment on securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	77	0	54	63	52
Net mark-to-market gain on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net gains on sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Net mark-to-market on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,264	4,846	1,506	-	-	-	605
Proceeds from sales and principal reductions of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	335,327	225,160	134,177	-	72,990	74,716	48,253
Originations and purchases of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319,428	280,304	144,236	-	89,591	73,474	54,439
Net amortization of deferred fees and unearned income on loans
186	1,127	-144	-196	-124	-27	-34	-5	16	-47	24	217	194	163	-7	59	134	185	90	183	149	328	174	114	46	219	35	45	87	108	160	134	136	302	0	195	154
Net loss (gain) on sales of other real estate owned
0	0	0	0	-66	0	29	0	0	-	-	-	-	0	0	0	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	15	20	0	21	14	0	0	0	-	-	-	-	0	0	10	8
Net loss on sale of other assets
0	0	-6	-11	-25	0	0	0	-4	-21	-16	-2	2	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-79	-560	130	-19	-29	-19	99	107
Gain (Loss) on Sales of Loans, Net
0	163	266	300	300	0	0	0	0	-	-	-	-	0	0	0	40	0	0	0	0	658	256	474	686	0	0	0	0	-31,002	17,007	9,291	4,704	-	-	-	-
Small Business Administration loan originations
0	1,891	2,979	2,388	4,751	0	0	0	0	-	-	-	-	0	0	0	806	0	0	0	0	8,878	3,404	5,650	9,165	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of Small Business Administration loans
0	2,083	3,290	2,723	5,077	0	0	0	0	-	-	-	-	0	0	0	840	0	0	0	0	9,564	3,680	6,148	9,853	0	0	0	0	-	-	-	-	-	-	-	-
Write down of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	0	0	298	0	0	277	1,645	4,625	447	-1,295	1,724	-	-	-	-
Stock-based compensation expense
214	222	416	219	200	236	233	237	179	203	188	208	197	232	254	276	277	205	346	367	316	277	322	264	276	250	199	200	155	153	123	130	77	72	78	64	64
Net gains on sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	21	0	23	0	937	0	1,186	-	-	-	-
Other
-	-	-	-	-	-	0	0	-59	-	0	0	0	-	-	-	-	-	-	-	-	0	16	62	27	-	-	-	-	-	-	-	-	-	-	-	-
Tax effect of restricted stock vesting
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16	22	64	23	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net mark-to-market loss on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,565	-3,473	1,205	-	-	-	-
Changes in operating assets and liabilities:
Net increase (decrease) in accrued interest receivable
-12	-26	-244	312	50	-238	175	251	-57	307	476	128	259	179	146	-121	232	30	131	-395	64	65	365	-317	306	-183	22	-93	29	-145	-221	233	-130	-178	-282	-35	-259
Net decrease in other assets
-42	-760	495	2,340	-8,015	4,735	-408	61	-1,195	3,850	-41	440	127	-1,056	1,175	-67	-196	615	-196	47	95	-250	415	226	305	-6,417	1,694	2,331	1,434	1,482	770	-651	3,381	1,532	-2,918	2,324	-62
Net increase in deferred taxes
812	543	-930	-1,872	0	-	-	-	-	-	-	-	-	102	-20,310	3,556	-185	11,562	0	0	0	-248	-677	-263	-432	-4,920	168	2,348	-1,761	-94	-1,321	5,767	602	-	-	-	-
Net decrease in income taxes receivable
-195	474	-272	-213	-177	-279	0	57	-4	242	-27	0	0	57	-740	0	2	-9	0	41	17	-67	735	0	23	-3,644	-207	-1,226	3,472	1,862	-577	106	53	-13,605	-1,449	123	7,531
Net increase (decrease) in accrued interest payable
-30	14	-113	-24	160	-43	-8	-9	24	125	49	19	3	-50	71	7	-82	57	15	-10	-29	-2,460	68	132	197	142	88	90	133	70	143	153	22	158	116	152	33
Net decrease in other liabilities
-1,154	-74	1,380	-380	-8,273	5,423	-1,176	1,158	-2,876	4,162	392	709	-660	314	1,111	308	-1,642	27	720	425	-1,092	482	388	-1,436	-738	4,113	-956	-1,189	-1,871	-3,690	3,660	2,258	1,119	1,146	1,242	-495	331
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-521	8,247	976	-558	-1,005	16,640	28,497	-	-	-	-	-	-	-	-
Net cash provided by operating activities
2,254	3,169	6,692	2,362	4,798	6,139	3,241	5,458	2,426	2,734	4,143	2,803	903	2,074	1,577	1,361	-666	198	1,526	1,208	-1,004	-1,045	-267	8,244	1,844	6,595	-4,469	9,909	23,549	89,835	-160,948	99,741	-18,304	-25,321	-14,400	-590	3,229
Cash Flows From Investing Activities:
Net decrease in interest-bearing time deposits with financial institutions
75	0	0	0	0	0	0	0	500	499	250	0	0	0	248	500	248	251	-248	0	0	-	-	-	-	-	-	-	-	-870	0	0	-130	45	150	360	100
Maturities of and principal payments received on securities available for sale and other stock
1,375	-	-	-	2,293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of and principal payments received on securities available for sale and other stock
-	-	-	-	-	1,284	1,569	1,529	1,596	1,547	1,776	2,197	1,727	2,152	2,127	2,029	1,885	1,923	2,356	2,067	2,063	1,900	2,105	2,988	2,410	-4,037	2,915	9,050	5,328	924	7,015	17,956	4,129	1,260	3,140	3,433	3,378
Purchase of securities available for sale and other stock
-	-	-	-	-	2,004	2,556	315	340	317	1,997	38	998	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	32,738	10,360	72,463	34,894	-	-	-	-
Proceeds from sale of securities available for sale and other stock
-	-	-	-	-	0	0	0	6,883	382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	525	0	6,164	0	50,077	0	135,619	0	56,158	33,077	6,374
Principal payments received on other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,087	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of other investments
0	0	-1	283	594	189	34	52	89	94	0	133	0	298	0	12	75	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate owned
0	0	0	0	1,107	0	827	0	0	-	-	-	-	0	0	0	757	1,181	0	0	0	1,845	12,294	0	1,130	8,735	1,670	0	0	4,099	2,415	4,808	1,192	4,184	1,287	1,318	7,112
Net (increase) decrease in loans
18,493	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (increase) decrease in loans
-	-	-	-	16,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in commercial loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,080	-	-	-	-	-	-	-	-
Net decrease in loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,168	-	-	-	-
Purchases of premises and equipment
121	236	165	28	68	4	63	76	207	54	131	37	43	76	344	153	27	-9	255	194	135	33	13	109	179	234	52	154	178	88	240	413	161	193	209	-19	158
Capitalized cost of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21	308	0	0	0	44	0	0	337	57	0	0	155
Net increase in loans
-	-	-	-	-	12,516	21,797	-1,026	-971	24,486	-54	91,347	4,426	75,616	-5,715	52,840	-21,410	32,833	-4,648	-6,664	3,688	17,609	13,103	28,294	6,662	31,681	17,443	14,189	-13,068	35,350	-10,939	19,938	28,253	-12,000	-29,385	2,301	-20,303
Proceeds from sale of other assets
6	0	0	26	29	0	0	0	32	34	107	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	-55	0	1,586
Net gain on sales of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	55
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	0	0	0	2	0	0	0	0	-	-	-	-	15	24	0	38	71	0	0	0	-	-	-	-	0	0	10	8
Net cash provided by (used in) investing activities
-17,158	29,211	-74,602	-12,851	19,506	-13,412	-22,054	2,112	9,346	-22,489	59	-89,358	-3,738	-73,805	7,746	-50,476	24,198	-29,719	6,501	8,531	327	-16,993	810	-25,915	-3,284	-28,669	-12,385	-11,373	30,462	-59,564	59,846	-76,182	83,333	-55,017	89,911	35,916	38,493
Cash Flows From Financing Activities:
Proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263	-284	-1	15,000	-	-	-	-	-	-	-	-
Net increase in deposits
96,718	-13,526	13,466	18,280	45,348	18,907	-50,708	53,775	-25,365	84,873	-12,184	13,820	51,584	51,134	13,497	2,341	40,488	-33,472	55,362	-14,033	-30,326	33,910	63,105	-29,752	68,821	82,876	-51,631	-66,613	-29,802	-34,799	23,188	-11,056	6,015	16,469	2,984	13,014	13,354
Proceeds from borrowings
110,000	35,000	20,000	20,000	20,000	30,000	20,000	10,000	11,000	40,000	15,000	15,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of borrowings
20,000	45,000	20,000	20,000	20,000	30,000	10,000	20,727	11,000	15,000	15,000	0	15,000	0	10,000	0	0	0	20,000	0	9,500	5,000	3,000	13,092	9,408	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	-10,000	-	-9,000	15,000	5,000	-9,000	5,000	-25,000	-34,000
Proceeds from exercise of common stock options
50	465	22	80	0	11	-12	345	28	217	1	84	911	0	90	203	162	161	109	134	1,107	721	152	116	228	53	229	1	22	-	-	-	-	-	-	-	-
Net cash used in financing activities
186,768	-23,061	13,488	18,360	45,348	18,918	-40,720	43,393	-25,337	110,090	-12,183	28,904	37,495	66,134	3,587	2,544	40,650	-33,311	35,147	-13,899	-38,719	29,631	60,257	-42,728	59,641	78,192	-21,686	-66,613	-24,780	-39,799	14,188	28,580	11,015	7,354	16,846	-11,986	-20,646
Net increase in cash and cash equivalents
171,864	9,319	-54,422	7,871	69,652	11,645	-59,533	50,963	-13,565	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-7,981	-57,651	34,660	-5,597	12,910	-46,571	64,182	-62,832	43,174	-4,160	-39,396	11,593	60,800	-60,399	58,201	56,118	-38,540	-68,077	29,231	-9,528	75,960	-110,735	76,044	-72,984	92,357	23,340	21,076
Supplementary Cash Flow Information:
Cash paid for interest on deposits and other borrowings
3,326	3,720	4,138	4,270	3,956	3,837	3,537	3,476	2,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest on deposits and other borrowings
-	-	-	-	-	-	-	-	-	-	-	1,717	1,530	-	1,337	1,349	1,333	1,223	1,327	1,335	1,351	3,984	1,286	-2,242	4,864	958	1,121	1,292	1,493	1,854	1,972	2,056	2,273	2,459	2,647	2,714	2,821
Cash paid for income taxes
17	62	0	0	0	40	6	52	1	0	121	0	2	0	10	0	2	0	0	58	0	0	0	0	0	0	0	0	0	1,839	715	114	204	-	-	-	-
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Transfer of loans into other real estate owned
-	-	-	-	-	0	0	0	1,346	0	0	0	0	-	-	-	-	0	0	0	280	0	0	288	4,900	3,732	0	-10	1,554	-	-	-	-	-	-	-	-
Non-Cash Investing Activities:
Transfer of loans into other assets
315	0	79	24	58	0	15	0	0	0	36	123	58	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impact of change in accounting principle
-	-	-	-	-	0	0	0	97	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assumption of debt upon foreclosure of property
-	-	-	-	-	0	0	0	727	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new operating lease liabilities
0	52	2,706	-699	10,618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans into other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,972	-1,631	2,047	46,478	0	-1,030	1,446
Transfer of loans held for sale to loans held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,216	0	6,788	-	-	-	-
Non-Cash Financing Activities:
Series C Preferred Stock issued in connection with dividends on Series B Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	593	0	568	0	544	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in net unrealized losses and prior year service cost on supplemental employee retirement plan, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	5	-42
Net change in net unrealized gains and losses on securities held for sale, net of income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	397	2,404	-807
Mark to market loss adjustment of equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	-21