SOUTHSIDE BANCSHARES, INC. SBSI Cash Flow

Southside bancshares, inc. (SBSI)

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	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES:
Net income
3,953	17,335	19,792	18,610	18,817	17,381	20,303	20,203	16,251	10,331	14,511	14,481	14,989	11,573	12,865	11,395	13,516	11,692	11,762	11,164	9,379	-3,945	6,097	10,457	8,224	12,187	8,893	11,068	9,042	8,220	8,607	7,729	10,139	9,563	8,563	13,126	9,239	6,812	11,300	9,771	12,175
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and net amortization
3,021	3,001	3,057	3,030	3,023	3,474	3,493	3,512	3,566	2,957	2,405	2,429	2,417	2,472	2,284	2,159	2,169	2,154	2,182	2,165	2,123	867	976	825	790	1,088	949	912	895	900	928	908	870	850	869	840	806	807	829	793	775
Amortization of premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,268	5,482	-	8,014	7,472	8,543	10,572	12,490	12,498	10,366	10,942	9,393	8,074	8,708	9,263	7,944	10,918	7,120
Securities premium amortization (discount accretion), net
-4,505	-4,504	-3,424	-2,498	-3,448	-2,800	-3,318	-3,499	-4,058	-4,137	-4,746	-4,189	-4,567	-4,881	-4,879	-4,856	-4,510	-5,083	-5,619	-6,012	-5,264	-4,423	-16,070	1,084	887	-32,609	1,610	1,489	1,363	1,135	1,212	1,270	1,129	950	1,059	1,156	1,171	1,005	952	1,274	1,271
Loan (discount accretion) premium amortization, net
244	155	116	502	438	312	309	655	1,057	324	141	387	290	407	433	881	799	681	466	1,034	565	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for (reversal of) credit losses
25,247	2,500	1,000	2,518	-918	2,400	1,000	1,265	3,735	1,296	960	1,346	1,098	2,065	1,631	3,768	2,316	1,951	2,276	268	3,848	3,287	4,868	2,650	4,133	2,726	3,640	2,021	492	2,245	3,265	2,174	3,052	2,044	1,454	1,860	2,138	4,409	3,201	2,260	3,867
Stock compensation expense
695	634	522	571	661	691	661	509	456	422	480	419	494	385	398	403	355	414	414	294	273	244	265	291	286	340	198	166	207	208	170	94	39	118	117	26	0	-	-	-	-
Deferred tax (benefit) expense
-5,075	126	-146	16	126	1,619	2,097	2,693	-255	3,061	436	36	-19	-148	1,410	1,318	-812	-678	-695	-484	-1,535	-3,247	961	372	989	1,184	1,111	122	-1,031	-755	-755	-137	2,880	1,815	906	-1,159	-308	325	-827	-221	50
Net gain on sale of securities available for sale
5,500	42	42	416	256	61	-741	-332	-827	-249	627	-75	322	-2,676	2,343	728	2,441	204	875	105	2,476	1,170	1,151	498	11	-732	-142	5,001	4,345	4,395	4,302	3,297	5,972	2,715	3,609	3,920	1,551	2,765	8,008	6,661	8,355
Net tax benefit related to stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	253	62	29	-12	14	29	28	4	-325	211	37	5	22	21	22	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of securities carried at fair value through income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-13	-485	345	254	84	254	0	0	0	0
Net other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	42	-	0	40	141	0	0	0	0	0	0	0	75
Fair value gain securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-664	3,274	2,456	1,627	-598	0	0	0
FHLB advance option impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	195	1,364	472	1,104	7,819	0	0	-	-	-	-
Net (gain) loss on premises and equipment
42	-334	-38	-215	-5	-389	-247	-97	-35	-75	-22	-55	0	-141	-254	0	19	-373	-74	1	-138	0	-21	0	7	-4	-4	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gross proceeds from sales of loans held for sale
5,204	5,179	7,117	5,501	4,244	4,480	6,034	7,978	5,600	8,058	11,107	17,061	22,521	14,918	24,542	24,658	17,944	18,404	21,038	15,396	15,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross originations of loans held for sale
6,651	4,562	6,305	6,929	4,027	4,127	6,406	6,557	5,602	7,882	10,248	14,794	20,183	17,258	23,960	25,570	19,104	17,332	18,490	18,731	16,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on retirement of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-90	0	0	0	0
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	7
Impairment on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	39	15	130	0	0	0	20
Net loss (gain) on other real estate owned
-1	7	3	-2	92	-22	-153	-191	-67	-8	0	1	0	5	-77	5	-152	-43	-5	-110	-272	-72	0	-10	-55	-100	-13	51	21	17	-1	3	0	-	-	-	-	-179	14	-3	15
Net change in:
Interest receivable
-1,383	5,969	-2,684	5,150	-7,270	4,831	-4,644	6,436	-7,827	6,454	-4,428	4,947	-6,910	7,725	-4,736	5,646	-6,152	5,557	-5,523	6,022	-5,792	5,240	-6,291	5,059	-6,520	5,272	-4,182	7,273	-5,326	4,208	-3,201	3,994	-5,491	3,469	-3,446	4,188	-2,818	2,968	-2,319	2,036	-3,134
Other assets
9,318	-3,005	15,191	3,394	-3,305	494	18,284	-14,737	-1,875	6,605	-217	4,940	-7,419	-3,917	-505	3,189	-590	1,796	-51	1,494	-3,564	3,388	726	1,456	3	2,514	-194	7,885	-895	-1,081	1,198	964	-991	-159	-180	294	2,299	3,563	3,213	2,565	-1,052
Interest payable
-2,034	514	-1,601	1,938	-321	2,096	-1,086	1,466	-1,219	1,493	-983	1,583	-1,523	1,608	348	87	291	101	80	14	-66	-30	-29	-5	-35	3	34	-237	-244	-327	-101	-169	-289	-27	-286	-166	-409	-183	-148	-118	-430
Other liabilities
-17,003	-5,753	10,903	-4,154	-14,373	-6,281	16,123	-13,985	5,501	3,576	1,296	-558	-5,377	1,338	4,054	-3,115	1,243	-711	2,537	-459	-3,142	-466	1,587	24	3,332	-2,479	2,592	2,252	-2,183	-2,269	710	-5,620	3,227	-1,202	1,234	1,008	1,356	-1,938	705	-1,581	4,380
Loans originated for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71	548	56	-	-228	-2,414	-463	2,443	-289	-455	-1,650	-1,939	2,753	73	-3,918	485	2,560	1,502	-821
Net cash (used in) provided by operating activities
-1,899	20,652	25,138	14,342	20,474	19,292	32,580	28,865	41,665	14,373	28,609	16,047	32,701	20,128	31,041	9,481	26,075	13,242	31,006	7,065	21,668	-4,514	23,253	10,466	26,829	10,160	26,341	4,225	18,780	9,005	23,826	10,084	26,653	16,877	20,952	13,553	22,200	8,836	12,230	8,229	23,291
INVESTING ACTIVITIES:
Securities available for sale:
Purchases
683,062	253,736	214,482	412,456	372,465	78,586	33,276	56,424	138,581	247,843	99,145	133,164	139,246	239,842	406,180	220,072	135,648	286,846	168,915	249,053	279,911	264,802	210,693	161,995	165,673	196,022	284,385	569,927	448,973	360,732	232,502	595,336	618,587	117,001	162,704	97,325	252,881	296,935	326,719	442,389	333,042
Sales
135,000	23,009	14,161	277,764	436,182	34,286	78,576	78,130	237,526	198,692	157,606	229,201	99,653	78,040	142,712	100,323	251,976	116,636	207,320	50,810	285,326	121,337	276,358	150,866	101,830	129,277	84,999	375,141	237,318	259,230	296,360	321,427	127,298	65,791	189,870	157,529	169,172	264,772	260,802	398,473	401,174
Maturities, calls and principal repayments
80,555	86,790	54,451	30,211	30,077	15,748	44,093	24,325	53,717	26,087	24,854	32,472	29,770	46,824	62,860	50,409	47,407	52,870	68,103	80,820	77,202	57,777	60,659	76,797	76,840	92,079	108,379	91,509	87,694	82,892	116,186	105,309	58,500	73,417	56,921	58,531	79,645	76,558	71,024	109,816	99,766
Securities held to maturity:
Purchases
-	-	-	-	-	-	-	-	-	4,739	0	0	1,521	14,931	6,183	4,620	18,922	17,842	23,962	56,752	0	-	-	-	-	13,382	11,832	72,749	42,898	0	0	0	0	0	5,481	1,093	5,301	0	0	43,249	215,686
Maturities, calls and principal repayments
352	6,024	6,095	309	15,405	408	889	545	1,222	3,519	14,139	3,011	8,305	9,222	12,823	4,038	5,168	5,328	6,583	7,350	4,061	3,006	4,086	4,934	9,863	17,936	32,559	60,903	57,275	45,924	34,831	16,966	15,365	12,299	10,724	10,819	12,554	19,259	17,644	19,883	18,129
Securities carried at fair value through income:
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	57,606	161,715	362,494	214,664	130,064	32,689	0	0	0
Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,031	664,224	53,680	164,475	3,265	12,983	0	0	0	0
Maturities, calls and principal repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	407	24,872	24,274	18,213	10,107	3,812	3,462	0	0	0
Proceeds from redemption of Federal Home Loan Bank stock and equity investments
0	0	0	0	8,788	0	10,983	0	13,377	6,831	0	33	81	0	0	0	3,644	0	2,911	5,692	0	1,435	2,499	2,172	6,766	0	577	0	5,242	6,306	1,974	1,759	8,533	1,775	1,650	5,073	9,738	4,180	0	278	2,360
Purchases of Federal Home Loan Bank stock and equity investments
4,661	4,979	294	9,659	11,551	344	260	276	638	472	284	256	221	9,234	4,198	64	171	7,602	8,654	3,574	20	3,074	1,457	352	32	1,284	6,205	1,738	2,768	256	1,579	3,686	7,071	6,587	5,183	1,381	4,242	2,761	34	69	36
Net loan (originations) paydowns
33,207	71,021	40,318	156,666	-5,868	40,383	3,830	-34,876	15,154	-9,490	72,878	71,563	-17,201	72,974	104,079	-48,866	11,420	192,807	59,893	5,031	-6,266	16,049	93,476	24,874	24,173	37,159	26,932	13,831	21,524	44,688	41,597	45,248	55,281	49,242	5,396	-22,211	-10,529	43,792	24,188	2,333	-11,328
Purchases of premises and equipment
4,259	4,434	3,549	3,860	4,040	4,581	3,709	3,136	2,018	2,543	3,164	2,639	1,287	1,360	1,862	1,679	1,648	1,241	696	605	1,223	882	1,402	1,593	1,285	1,764	1,980	1,113	805	1,073	603	777	656	964	782	1,077	1,092	1,320	1,982	1,805	1,795
Proceeds from sales of premises and equipment
72	2	60	32	2	38	0	2	1,903	4	3	2	3	8	69	1	50	16	4	3	3	0	0	0	8	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	38
Proceeds from sales of other real estate owned
46	448	184	20	470	946	0	680	91	525	0	134	0	106	1,331	104	483	6	0	86	548	260	0	81	194	0	19	195	266	166	289	112	0	-	-	-	-	700	226	303	419
Proceeds from sales of repossessed assets
31	53	48	90	137	105	91	89	198	88	69	93	179	127	199	257	311	266	389	531	1,088	1,041	1,890	1,538	1,730	780	851	526	1,778	1,037	1,346	1,068	1,002	887	1,166	1,250	1,517	1,236	973	1,541	1,199
Net cash (used in) provided by investing activities
-509,133	-217,844	-183,644	-274,215	108,873	-66,407	97,857	78,811	151,643	81,296	21,200	57,324	12,917	-204,003	-299,194	-22,437	141,230	-331,216	23,190	-169,723	93,340	-159,396	38,464	47,574	6,068	-5,374	-103,950	-131,084	-127,395	-11,170	174,705	-186,968	160,593	-102,624	-98,651	-46,443	-93,630	-7,330	-2,254	40,449	-16,146
FINANCING ACTIVITIES:
Net change in deposits
56,281	191,927	11,435	-88,715	157,991	-133,823	34,675	-133,238	126,372	51,929	-59,922	-50,025	140,978	-48,322	11,320	-48,821	164,249	127,839	-140,496	-26,338	121,246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in demand and savings accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	97,854	59,468	-	-116,824	110,236	30,071	109,863	-40,770	126,442	71,978	16,926	46,406	131,474	-44,367	307,728	17,912	-10,166	-125,151
Net increase (decrease) in certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-43,248	-40,463	-	36,913	40,787	-44,734	-59,802	-53,351	-41,183	-83,512	10,743	7,588	-4,316	26,827	37,341	107,640	9,707	-67,420
Net change in other borrowings
189,542	18,732	-16,438	17,427	-28,173	27,835	688	462	-1,673	415	659	610	717	-4,419	451	8,564	72	159	186	-43	-2,110	121	59	143	1,055	1	1	0	-127	-484	-480	22	-1,019	-52	-80	96	-863	33	38	-3,397	-6,155
Proceeds from Federal Home Loan Bank borrowings
3,247,401	2,546,100	1,409,500	1,402,907	1,556,293	1,632,500	851,000	608,000	1,110,000	420,000	735,000	906,476	725,000	1,610,434	2,732,645	899,024	2,916,882	9,161,469	5,413,360	3,219,535	5,227,768	616,294	218,965	1,202,139	5,064,879	7,677,779	6,269,414	5,850,292	942,466	3,450,039	3,427,681	6,168,755	2,964,409	5,265,213	4,656,048	2,274,896	1,074,136	2,830,158	1,857,920	3,058,440	1,203,170
Repayment of Federal Home Loan Bank borrowings
2,945,775	2,552,307	1,254,306	1,199,011	1,655,495	1,474,700	1,066,198	603,696	1,355,194	545,192	770,524	934,247	828,780	1,473,212	2,433,679	844,640	3,245,382	8,954,990	5,326,919	3,055,254	5,434,204	560,160	205,276	1,214,273	5,111,416	7,802,227	6,098,862	5,876,565	909,585	3,463,140	3,502,733	6,014,002	3,133,462	5,205,340	4,626,168	2,278,812	1,100,011	2,937,207	1,917,770	3,113,228	1,273,780
Net capital distributions to noncontrolling interest in consolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	360	115	0	0	154	156
Tax benefit related to stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	253	62	29	-12	14	29	28	4	-325	211	37	5	22	21	22	0	-	-	-	-	0	0	0	2	-328	12	171	145
Proceeds from stock option exercises
1,130	702	750	122	412	-2	1,571	283	801	165	1,505	383	639	1,245	224	159	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid to tax authority related to tax withholding on share-based awards
42	131	14	175	74	123	6	79	40	85	5	90	42	32	21	40	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net issuance of common stock under employee stock plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	98	53	71	934	27	42	127	15	13	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of common stock
25,842	856	0	0	1,325	47,193	0	0	0	-	-	-	-	0	0	0	10,199	0	0	0	0	-	-	-	-	0	0	0	1,899	7,416	0	0	0	-	-	-	-	116	4,692	0	24
Proceeds from the issuance of common stock for dividend reinvestment plan
347	388	353	349	355	389	369	367	353	385	377	368	353	419	344	334	314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-936	323	309	304	-797	274	266	257	383	385	322	306	911	330	333	300	621	293	275	292	572	350	429	472
Cash dividends paid
10,494	11,490	10,471	10,453	10,107	11,121	10,533	10,517	9,808	8,830	8,218	8,008	7,143	7,894	6,301	5,994	5,774	7,867	5,832	5,826	5,546	6,054	4,148	3,954	3,763	5,549	3,575	3,569	3,395	9,176	3,472	3,466	2,970	6,257	2,961	2,795	2,658	5,307	2,675	2,689	2,552
Net cash provided by financing activities
512,548	193,065	140,809	122,451	19,877	-6,238	-188,434	-138,418	-129,189	-81,490	-101,128	-84,533	31,722	154,441	403,128	8,615	-179,826	327,055	-59,331	132,509	-92,485	179,344	-146,919	38,991	-29,936	-10,031	87,488	121,538	13,103	20,823	-172,795	236,912	-184,276	81,854	76,376	31,724	41,977	-1,605	22,911	-40,555	-21,149
Net increase in cash and cash equivalents
1,516	-4,127	-17,697	-137,422	149,224	-53,353	-57,997	-30,742	64,119	14,179	-51,319	-11,162	77,340	-29,434	134,975	-4,341	-12,521	9,081	-5,135	-30,149	22,523	15,434	-85,202	97,031	2,961	-5,245	9,879	-5,321	-95,512	18,658	25,736	60,028	2,970	-3,893	-1,323	-1,166	-29,453	-99	32,887	8,123	-14,004
SUPPLEMENTAL DISCLOSURES FOR CASH FLOW INFORMATION:
Interest paid
18,085	16,842	19,784	15,602	18,224	13,635	15,710	12,219	14,280	10,305	12,495	9,003	11,131	7,431	6,856	6,623	6,104	5,167	4,845	4,832	4,881	4,289	4,149	4,235	4,382	4,350	4,137	4,580	5,345	6,148	6,558	7,066	8,009	8,218	8,923	9,323	10,055	10,661	11,611	11,573	12,341
Income taxes paid
0	3,000	4,000	3,500	0	0	2,000	0	0	3,000	2,800	5,500	0	0	200	5,500	0	3,250	3,250	2,000	0	0	750	3,050	500	1,300	1,100	1,600	0	0	2,000	7,200	2,000	2,500	3,000	3,500	0	1,100	4,900	4,650	0
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Loans transferred to other repossessed assets and real estate through foreclosure
338	43	101	169	336	908	456	115	649	167	144	79	184	343	4,670	299	465	253	380	399	674	630	1,774	1,544	1,263	1,862	1,376	1,145	1,410	1,631	1,407	1,749	872	-	-	-	-	-	-	-	-
Transfer of held to maturity securities to available for sale securities
-	-	-	-	-	0	0	0	743,421	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of other repossessed assets and real estate through foreclosure
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,203	1,576	-	1,669	1,817	1,930
Adjustment To Pension Liability
-727	-	-	-	-	-	546	618	473	-	402	414	389	76	448	510	407	-7,000	687	610	527	13,732	257	285	229	19,543	687	740	632	-9,867	495	500	489	7,316	355	1,066	-355	-4,592	-313	-379	-247
5% stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	19	26,046	0	0	4	17,056	0	0	-17	17,476	0	0	-114	16,109	0	0	9	15,504
Unsettled trades to purchase securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-52,044	-	-15,880	35,178	-37,458
Unsettled trades to sell securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-5,673	22,943	1,453
Unsettled issuances of brokered certificates of deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,830