Seacoast banking corporation of florida (SBCF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income

98,739

67,275

42,865

29,202

22,141

5,696

-

-

-

-

-

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

6,421

6,353

5,614

5,076

3,773

3,268

-

-

-

-

-

Amortization of premiums and discounts on securities, net

-2,548

-3,196

-3,977

-7,559

-3,920

-2,353

-

-

-

-

-

Amortization of operating lease right-of-use assets

4,117

-

-

-

-

-

-

-

-

-

-

Other amortization and accretion, net

2,005

1,158

697

2,238

-1,601

-256

-

-

-

-

-

Stock based compensation

7,243

7,823

5,267

4,154

2,859

1,299

-

-

-

-

-

Origination of loans designated for sale

-

-

-

-

-

188,952

-

-

-

-

-

Cash paid to suppliers and employees

-

-

-

-

-

-

65,405

71,016

66,705

70,329

86,868

Origination of loans designated for sale

329,177

303,928

213,027

175,842

206,199

-

208,998

188,064

137,295

173,692

165,561

Sale of loans designated for sale

333,591

326,328

211,091

190,843

199,425

190,706

231,187

167,921

143,019

179,585

158,628

Provision for loan losses

10,999

11,730

5,648

2,411

2,644

-3,486

-

-

-

-

-

Deferred income taxes

6,791

459

35,827

14,206

12,888

4,222

-

-

-

-

-

Losses on sale of securities

1,031

-485

86

368

161

469

-

-

-

-

-

Debt and Equity Securities, Gain (Loss)

0

0

15,153

-

-

-

-

-

-

-

-

Gain (Loss) on Sale of Securities, Net

-

-

-

0

0

-

-

-

-

-

-

Gains on sale of loans

9,794

8,961

7,038

6,335

5,146

419

-

-

-

-

-

Gains on sale and write-downs of other real estate owned

432

107

711

509

-239

-310

-

-

-

-

-

Losses on disposition of fixed assets

-511

-1,235

-2,270

-2,442

-183

-4,493

-

-

-

-

-

Bank owned life insurance death benefits

956

280

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of effects from acquired companies:
Net (increase) decrease in other assets

5,614

-10,331

5,506

11,573

4,828

315

-792

835

-585

1,954

-548

Change in other assets

5,614

-10,331

5,506

11,573

4,828

-

-792

835

-585

1,954

-548

Net increase (decrease) in other liabilities

-4,206

8,827

-21,432

2,979

-628

3,496

-

-

-

-

-

Net cash provided by operating activities

117,745

129,608

48,909

62,007

29,509

21,946

49,852

-2,062

23,741

42,659

2,982

Cash Flows from Investing Activities
Maturities and repayments of debt securities held-to-maturity

42,495

58,315

86,460

-

-

-

-

-

-

-

-

Proceeds from sale of debt securities available-for-sale

202,700

64,400

235,600

40,421

60,314

21,527

67,330

256,102

52,689

102,369

92,686

Purchases of debt securities available-for-sale

309,461

104,650

371,926

297,719

159,616

280,137

230,118

384,120

379,262

275,839

255,681

Proceeds from sale of securities held for investment

-

-

-

-

-

-

-

-

-

5,452

-

Purchases of debt securities held-to-maturity

0

0

131,439

218,654

24,366

65,340

0

500

-

-

-

Maturities and repayments of debt securities available for sale

101,674

141,223

211,173

127,879

118,493

92,499

155,627

133,651

-

-

-

Maturities of time deposits with other banks

4,501

4,310

4,720

48,705

28,629

16,138

0

6,395

7,733

6,601

10,800

Net new loans and principal repayments

109,614

365,816

328,868

396,862

224,391

154,772

88,039

54,633

15,248

-78,357

-91,395

Maturities of time deposits with other banks

-

-

-

0

0

-

-

-

-

-

-

Purchases of securities held for investment

-

-

-

-

-

-

-

-

1,526

21,838

-

Proceeds from the sale of portfolio loans

0

0

106,815

71,433

525

-

-

-

-

-

-

Purchases of loans held for investment

270,791

19,541

55,352

64,925

0

-

-

-

-

-

-

Proceeds from sale of loans

-

-

-

-

-

-

379

0

1,450

16,401

40,484

Proceeds from sale of other real estate owned

6,509

10,072

6,069

7,952

5,758

4,066

8,843

18,369

38,075

9,169

5,582

Proceeds from sale of FHLB and Federal Reserve Bank Stock

74,120

44,731

48,295

9,350

7,427

2,423

943

296

1,363

2,477

181

Purchase of FHLB and Federal Reserve Bank Stock

75,193

51,505

42,680

28,857

7,510

6,425

1,303

142

360

700

2,270

Purchase of Visa Class B stock

0

0

6,180

0

0

-

-

-

-

-

-

Proceeds from sale of Visa Class B stock

0

21,333

0

0

-

-

-

-

115,287

134,088

94,202

Proceeds from bank owned life insurance

14,218

4,232

3,609

0

0

-

-

-

-

-

-

Purchase of bank owned life insurance

0

0

30,000

40,000

0

30,000

0

0

-

-

-

Net cash from bank acquisitions

0

22,349

23,825

235,546

32,927

110,996

0

0

-

-

-

Additions to bank premises and equipment

2,523

4,019

5,710

6,054

9,091

6,083

2,817

3,839

1,070

552

814

Net cash provided by investing activities

-321,341

-174,600

-245,576

-511,785

-170,901

-295,108

-89,155

-28,421

-180,869

55,985

76,565

Cash Flows from Financing Activities
Net increase in deposits

407,513

-39,769

333,049

27,320

240,086

93,446

47,085

40,223

81,517

-142,206

-30,994

Net decrease in federal funds purchased and repurchase agreements

-128,202

-1,771

11,892

32,196

16,707

-16,148

14,507

551

38,039

-7,460

-51,823

Net decrease in FHLB borrowings with original maturities of three months or less

-67,000

32,000

-204,000

415,000

-80,000

80,000

-

-

-

-

-

Repayments of FHLB borrowings with original maturities of more than three months

63,000

0

0

-

-

-

-

-

-

-

-

Proceeds from FHLB borrowings with original maturities of more than three months

65,000

60,000

0

0

-

-

-

-

-

-

-

Early redemption of FHLB borrowings

-

-

-

50,000

0

0

-

-

-

-

-

Increase in borrowings and subordinated debt

-

-

-

-

-

-

0

-

-

-

-

Net change in borrowed funds

-

-

-

-

-

-

-

0

-

-

-

Decrease in borrowings

-

-

-

-

-

-

-

-

-

-

15,000

Issuance of common stock, net of related expense

0

0

55,641

0

0

24,637

46,977

0

-

47,127

82,553

Repurchase of stock warrants, including related expense

-

-

-

-

-

-

-

81

-

0

-

Redemption of preferred stock

-

-

-

-

-

-

50,000

0

-

-

-

Stock based employee benefit plans

2,135

979

55

1,161

-127

142

190

196

123

180

174

Dividend reinvestment plan

-

-

-

-

-

-

-

-

-

20

31

Dividends paid

0

0

0

0

0

-

2,819

2,500

6,875

0

389

Dividends paid

-

-

-

-

-

-

-

-

-

-

191

Net cash provided by (used in) financing activities

212,176

51,439

196,527

423,355

176,920

182,077

55,940

38,389

112,804

-102,339

-15,639

Net increase in cash and cash equivalents

8,580

6,447

-140

-26,423

35,528

-91,085

16,637

7,906

-44,324

-3,695

63,908

Supplemental disclosure of cash flow information:
Cash paid during the period for interest

46,130

28,301

15,125

7,855

6,636

3,521

5,584

9,003

16,211

17,385

28,507

Interest received

-

-

-

-

-

-

73,849

78,119

81,904

85,584

102,138

Fees and commissions received

-

-

-

-

-

-

24,168

20,814

-18,453

-19,588

-19,181

Cash paid during the period for taxes

16,000

13,200

400

703

575

239

157

-2

9

-21,262

-3,423

New operating lease right-of-use assets

30,301

-

-

-

-

-

-

-

-

-

-

New operating lease liabilities

34,627

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non cash investing activities:
Transfer of debt securities from held-to-maturity to available-for-sale

52,796

0

0

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

5,665

5,549

1,774

3,009

4,946

4,789

-

-

-

-

-

Transfer from bank premises to other real estate owned

0

9,168

1,212

7,708

309

0

-

-

-

-

-

Transfer from loans held for investment to loans held for sale

801

0

5,664

0

-

-

-

-

-

-

-