Seacoast Banking Corporation of Florida SBCF Cash Flow

Seacoast banking corporation of florida (SBCF)

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
709	27,176	25,605	23,253	22,705	15,962	16,322	16,964	18,027	13,047	14,216	7,676	7,926	10,771	9,133	5,332	3,966	6,036	4,441	5,805	5,859	-1,517	2,996	1,918	2,299	-	45,141	2,954	2,044	-	447	-2,335	938	-	2,648	1,113	358
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
1,511	1,522	1,591	1,639	1,669	1,662	1,557	1,566	1,568	1,653	1,284	1,336	1,341	1,302	1,539	1,171	1,064	1,051	1,014	892	816	872	820	819	757	-	705	671	669	-	773	670	668	-	686	713	753
Amortization of premiums and discounts on securities, net
-989	-672	-653	-598	-625	-629	-835	-990	-742	-1,113	-1,026	-782	-1,056	-1,178	-3,996	-1,364	-1,021	-859	-1,089	-1,013	-959	-859	-531	-462	-501	-	-890	-1,200	-1,298	-	1,264	1,155	973	-	614	637	479
Amortization of operating lease right-of-use assets
1,274	1,049	1,027	1,016	1,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization and accretion, net
1,531	91	282	822	810	1,343	40	-631	406	351	-83	161	268	4,100	-752	-873	-237	294	-901	-65	-929	-1,060	259	279	266	-	320	-23	74	-	60	12	-93	-	-204	18	394
Stock based compensation
2,000	1,470	1,746	1,898	2,129	2,220	1,981	2,168	1,454	1,480	1,247	1,225	1,315	879	1,468	1,134	673	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of loans designated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,918	805	6,773	184,300	355	7,091	-2,794	-	-11,707	1,823	-11,815	-	6,535	2,972	1,419	-	2,139	1,663	-9,424
Cash paid to suppliers and employees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,957	24,746	21,870	-	18,403	18,979	19,469	17,522	17,531	12,386	17,966	18,156	16,631	17,663	18,566	17,451	18,560	13,317	17,377
Origination of loans designated for sale
73,223	95,047	94,911	85,185	54,034	77,999	65,938	81,835	78,156	48,149	47,499	70,230	47,149	43,360	49,275	48,072	35,135	46,537	49,704	67,846	42,112	-	50,087	50,376	35,048	39,946	48,864	70,865	49,323	54,686	52,790	48,322	32,266	40,544	29,179	36,466	31,106
Sale of loans designated for sale
66,126	105,880	88,750	84,148	54,813	87,012	65,931	89,926	83,459	49,504	48,060	66,924	46,603	49,845	52,238	49,494	39,266	44,423	52,622	67,041	35,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
29,513	4,800	2,251	2,551	1,397	2,342	5,774	2,529	1,085	2,263	680	1,401	1,304	1,000	550	662	199	369	987	855	433	118	-1,425	-1,444	-735	-	1,180	565	953	-	900	6,455	2,305	-	0	902	640
Deferred income taxes
2,207	2,349	706	2,520	1,216	-5,216	1,116	-148	4,707	20,750	7,739	3,478	3,860	5,099	4,221	2,463	2,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on sale of securities
-95	2,569	-895	-556	-87	-485	0	0	0	-	-	-	-	7	225	47	89	1	160	0	0	108	344	0	17	-	280	114	25	-	-	-	3,374	-	137	0	0
Gains on sale of loans
2,138	3,111	2,703	2,161	1,819	1,209	2,475	3,393	1,884	1,878	2,082	2,263	815	1,674	2,159	1,802	700	4,488	-50	-41	749	-205	-44	253	415	-	-331	-62	864	-	-	-	-	-	21	8	85
Unrealized gain on loans available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163	-	-	-	-
Gains on sale and write-downs of other real estate owned
415	153	-129	221	187	95	310	-297	-1	54	445	-134	346	531	-274	201	51	158	-263	-53	-81	-9	-156	-92	-53	-	-229	-498	-568	-	-560	-791	-2,039	-	-907	-1,202	-449
Losses on disposition of fixed assets
-219	-5	-42	-256	-208	-1,019	15	-235	4	-297	343	-1,887	-429	-2	-503	-1,245	-692	-63	-119	-2	1	-4,492	-11	-2	12	-	-4	10	-8	-	-3	-175	-2	-	0	-52	-3
Changes in operating assets and liabilities, net of effects from acquired companies:
Proceeds from loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,040	34,803	40,530
Changes in operating assets and liabilities, net of effects from acquired companies:
Net (increase) decrease in other assets
6,245	4,029	1,564	1,674	-1,653	-14,383	1,949	4,337	-2,234	5,087	1,766	-1,023	-324	4,016	3,680	3,837	40	4,250	116	7	455	84	715	154	-638	1,021	-101	-951	-761	119	649	-463	530	485	-403	275	-942
Change in interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	663	14	-150	-	745	-186	148	-	-273	-91	227	-	230	-421	-255	-	429	-319	433
Change in interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394	-186	-184	-	7	-10	-10	-	-4	-21	-10	-	-41	-108	-355	-	-2,812	365	93
Change in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376	550	171	-	143	172	236	-	-202	-3,789	-738	-	-1,179	-439	-680	-	-415	-1,024	-962
Change in accrued taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,839	3,683	3,804	-	2,384	1,507	1,643	-	-41,446	199	173	-	315	-68	214	-	618	221	52
Change in other assets
6,245	4,029	1,564	1,674	-1,653	-14,383	1,949	4,337	-2,234	5,087	1,766	-1,023	-324	4,016	3,680	3,837	40	4,250	116	7	455	-	715	154	-638	1,021	-101	-951	-761	119	649	-463	530	485	-403	275	-942
Net increase (decrease) in other liabilities
3,595	2,515	2,902	971	-10,594	5,183	460	3,457	-273	-18,857	59	-3,281	647	-515	-1,611	2,450	2,655	-2,219	2,598	-1,142	135	3,828	409	807	-1,548	-	-497	1,397	-1,291	-	687	938	-579	-	-2,295	2,386	-21
Net cash provided by operating activities
24,686	42,438	25,881	29,343	20,083	44,755	23,249	29,050	32,554	466	22,306	9,374	16,763	19,597	16,220	10,483	15,707	2,463	14,496	9,575	2,975	15,278	3,890	-3,052	5,830	3,926	18,856	10,386	16,684	-4,277	-1,875	2,343	1,747	4,887	-1,338	6,970	13,222
Cash Flows from Investing Activities
Maturities and repayments of debt securities held-to-maturity
8,894	-	-	-	8,830	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of debt securities available-for-sale
27,800	79,800	49,600	38,300	35,000	64,400	0	0	0	-	-	-	-	1,374	26,836	1,795	10,416	0	60,314	0	0	5,083	12,383	0	4,061	0	11,811	43,683	11,836	7,593	21,670	115,122	111,717	19,134	31,400	20	2,135
Purchases of debt securities available-for-sale
74,213	145,010	77,018	87,433	0	0	3,296	29,043	72,311	148,121	81,743	130,946	11,116	138,143	9,607	68,089	81,880	72,148	2,775	70,924	13,769	85,186	119,166	34,727	41,058	22,052	39,711	118,028	50,327	103,931	82,342	137,029	60,818	91,285	64,863	108,555	114,559
Maturities of time deposits with other banks
0	-	-	-	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of debt securities held-to-maturity
-	-	-	-	-	-	-	-	-	63,876	17,600	18,000	31,963	0	4,888	213,766	0	0	0	0	24,366	38,008	27,332	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities and repayments of debt securities available for sale
82,715	33,723	26,387	23,303	18,261	33,495	29,868	50,564	27,296	34,195	51,863	70,332	54,783	33,744	34,984	33,133	26,018	24,663	30,149	35,635	28,046	25,816	20,832	22,265	23,586	25,505	38,352	46,569	45,201	-	-	-	-	-	-	-	-
Maturities of time deposits with other banks
-	-	-	-	-	-44,635	14,585	18,275	16,085	-60,264	22,101	17,712	25,171	19,123	13,998	10,216	5,368	5,514	5,715	8,224	9,176	6,799	7,069	2,270	0	-	-	-	-	1,667	1,487	1,618	1,623	4,528	566	655	1,984
Net new loans and principal repayments
-25,154	61,014	36,583	8,876	3,141	140,246	64,532	76,975	84,063	51,726	79,062	103,818	94,262	143,641	123,389	98,022	31,810	51,533	58,064	83,252	31,542	67,238	55,101	23,261	9,172	43,565	-1,127	45,617	-16	30,812	-3,162	13,616	13,367	7,610	23,456	-4,825	-10,993
Maturities of time deposits with other banks
-	-	-	-	-	-	749	1,991	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities held for investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	0	0	0	1,526
Proceeds from sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,732	43,285	37,842	-190,372	60,571	69,042	61,138	-122,452	46,255	45,350	30,847	-	-	-	-
Proceeds from sale of other real estate owned
3,736	1,356	2,431	1,150	1,572	812	4,076	1,884	3,300	946	1,799	907	2,417	2,965	780	2,665	1,542	1,070	1,684	1,177	1,827	790	1,061	836	1,379	531	4,864	2,082	1,366	1,686	3,099	8,310	5,274	5,222	2,569	25,270	5,014
Proceeds from sale of FHLB and Federal Reserve Bank Stock
27,923	27,837	17,213	7,013	22,057	15,980	8,181	10,030	10,540	18,311	15,152	5,779	9,053	7,650	0	0	1,700	0	3,702	0	3,725	1,823	0	33	567	190	133	0	620	0	164	132	0	209	194	397	563
Purchase of FHLB and Federal Reserve Bank Stock
26,227	39,100	13,445	12,899	9,749	17,824	10,626	10,028	13,027	10,282	17,386	10,077	4,935	12,644	6,916	7,341	1,956	712	3,410	922	2,466	-	-	-	-	-	-	-	-	82	0	54	6	186	174	0	0
Purchase of Visa Class B stock
-	-	-	-	-	-	-	-	-	0	0	0	6,180	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Visa Class B stock
33,883	0	0	0	0	0	0	0	21,333	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,120	30,899	28,639	27,574	28,162	26,960	32,591
Proceeds from bank owned life insurance
0	0	1,840	0	12,378	0	0	0	4,232	3,609	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,400	3,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from bank acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-24,925	258,927	1,544	0	32,927	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to bank premises and equipment
570	269	769	636	849	462	1,082	1,187	1,288	1,463	1,268	1,282	1,697	954	1,791	2,191	1,118	625	1,815	2,732	3,919	3,382	988	415	1,298	584	329	1,071	833	891	615	1,764	569	309	393	89	279
Net cash provided by investing activities
109,060	-242,647	-83,778	-79,392	84,476	-10,590	-41,618	-34,489	-87,903	59,399	-111,753	-134,493	-58,729	-236,027	-122,909	-82,673	-70,176	-93,246	68,427	-112,794	-33,288	-75,332	-164,842	-32,999	-21,935	-40,838	16,247	-72,443	7,879	-86,777	-17,255	3,618	71,993	-41,273	-25,995	-50,517	-63,084
Cash Flows from Financing Activities
Net increase in deposits
129,005	-88,388	131,932	-64,369	428,338	-90,559	-53,930	-22,103	126,823	29,044	137,142	11,440	155,423	12,752	9,147	-35,298	40,719	102,779	-51,336	-4,648	193,291	90,941	3,013	-14,258	13,750	107,134	-39,697	-23,556	3,204	79,492	-10,116	-47,876	18,723	57,462	-20,187	-4,741	48,983
Net decrease in federal funds purchased and repurchase agreements
-21,398	15,707	-11,601	-65,990	-66,318	25,288	-11,015	26,801	-42,845	73,941	-25,405	-15,549	-21,095	36,508	-15,694	-14,943	26,325	23,397	-10,726	67,653	-63,617	-69,274	62,774	-14,474	4,826	16,972	-26,596	-744	24,875	14,410	-17,096	-9,827	13,064	29,691	3,734	-12,358	16,972
Net decrease in FHLB borrowings with original maturities of three months or less
-170,000	200,000	-90,000	137,000	-314,000	42,000	56,000	-63,000	-3,000	-	-	-	-	110,000	154,000	151,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLB borrowings with original maturities of more than three months
0	0	0	0	63,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB borrowings with original maturities of more than three months
120,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Early redemption of FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-93,000	113,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock, net of related expense
-	-	-	-	-	-	-	-	-	0	0	-19	55,660	0	0	0	0	-	-	-	-	0	0	-4	24,641	46,977	0	0	0	-	-	-	-	-	-	-	-
Stock based employee benefit plans
-1,010	4,431	47	-824	-1,519	-37	887	-597	726	-514	791	-393	171	569	183	423	-14	-221	32	32	30	30	31	39	42	46	47	50	47	46	50	49	51	54	30	-1	40
Dividends paid
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0	0	944	625	625	625	625	625	625	625	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,250	0	0
Net cash provided by (used in) financing activities
56,597	192,480	30,378	5,817	-16,499	-23,308	-8,058	1,101	81,704	-75,639	106,528	88,479	77,159	158,691	147,270	50,364	67,030	126,209	-77,030	-1,963	129,704	101,697	65,818	-28,697	43,259	120,185	-66,871	-24,875	27,501	93,323	-27,787	-58,360	31,213	86,582	-22,673	-17,100	65,995
Net increase in cash and cash equivalents
190,343	-7,729	-27,519	-44,232	88,060	10,857	-26,427	-4,338	26,355	-15,774	17,081	-36,640	35,193	-57,739	40,581	-21,826	12,561	35,426	5,893	-105,182	99,391	41,643	-95,134	-64,748	27,154	83,273	-31,768	-86,932	52,064	2,269	-46,917	-52,399	104,953	50,196	-50,006	-60,647	16,133
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
10,259	10,875	12,055	11,778	11,422	9,349	7,033	6,386	5,533	-	-	-	-	-	-	-	-	1,545	1,504	1,839	1,748	-307	1,255	1,271	1,302	1,330	1,367	1,420	1,467	1,619	1,913	2,408	3,063	2,989	6,221	3,380	3,621
Interest received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,951	27,981	27,183	-	18,340	18,718	17,935	17,393	19,465	18,586	18,405	19,372	18,604	19,673	20,470	20,827	20,455	21,012	19,610
Fees and commissions received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,204	8,991	6,638	-	6,278	5,725	5,234	6,073	6,481	6,478	5,136	36,168	-5,249	-5,250	-4,855	-4,892	-4,724	-13,081	4,244
Cash paid during the period for taxes
0	2,500	7,500	6,000	0	4,000	3,000	5,000	1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New operating lease right-of-use assets
33	871	353	0	29,077	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New operating lease liabilities
33	871	353	0	33,403	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non cash investing activities:
Transfer of debt securities from held-to-maturity to available-for-sale
0	0	0	0	52,796	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of debt securities from held to maturity to available for sale
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment to securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,707	-2,646	4,650	-	-2,697	9,588	4,307	-	-	-	-629	-	2,680	-4,231	470	-	5,042	6,783	-1,601
Transfers from loans to other real estate owned
5,571	0	5,110	125	430	1,278	64	288	3,919	1,326	0	448	0	13	190	589	2,217	9	3,308	980	649	3,117	14	735	923	-	683	1,761	863	-	3,395	2,915	1,964	-	1,092	27,953	2,416
Transfer from bank premises to other real estate owned
-	-	-	-	-	7,116	0	22	2,030	0	0	1,212	0	-	-	2,849	326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities on trade date
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	528	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities principal recorded as a receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	-691	691	-	44	-120	492	-	-1,711	74	2,339	-	-	-	-	-	-	-	-
Matured securities recorded as a receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,711	74	2,339	-	434	1,222	763	-	0	0	0
Transfer from securities held for investment to securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13,818	-	0	0	0	-	-	-	-