Southern first bancshares inc (SFST)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities
Net income available to common shareholders

2,832

7,197

7,412

7,240

6,009

5,783

5,782

5,510

5,214

2,080

4,249

3,604

3,112

3,291

3,433

3,306

3,006

2,852

2,727

2,560

2,028

1,982

1,827

1,566

1,250

1,439

1,419

1,301

961

1,133

1,226

815

688

439

484

628

537

-

-

-

-

Adjustments to reconcile net income to cash provided by (used for) operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

337

95

18

Provision for loan losses

6,000

1,050

650

300

300

600

400

400

500

500

500

500

500

275

825

575

625

700

875

1,000

625

900

1,325

950

1,000

825

775

750

1,125

950

1,125

1,275

1,200

-

-

-

725

635

1,275

2,300

1,400

Depreciation and other amortization

549

498

477

460

453

452

453

449

401

407

384

360

309

312

306

318

315

320

302

389

299

306

310

297

294

308

301

305

291

247

238

261

233

228

222

218

216

194

217

219

223

Accretion and amortization of securities discounts and premium, net

-116

-139

-111

-99

-83

-96

-121

-104

-116

-160

-155

-135

-132

-148

-165

-148

-120

-116

-89

-75

-73

-666

491

-100

-100

-121

-158

-185

-195

-174

-180

-192

-304

-325

-279

-188

-274

-376

-379

-204

-133

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

-4

72

-

-

-

-

-

0

1,088

16

(Gain) loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-7

18

4

223

-268

-157

-256

774

-31

-549

-512

-

-

-

-

Gain on sale of investment securities available for sale

-

-

-

-

-

8

0

0

-1

2

0

2

0

0

106

18

307

0

2

36

259

-

-460

230

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-51

-

-8

0

74

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of fixed assets

-

-

-

-

-

-

-

0

8

-

0

-50

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18

Write-down of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-264

-125

-

-50

0

-737

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in operating leases

55

51

42

45

447

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense related to stock options and restricted stock grants

334

438

435

424

401

394

391

380

337

269

339

337

313

1,234

238

280

246

189

186

191

193

160

149

160

160

156

121

119

119

93

88

80

81

74

67

67

68

64

63

59

60

Gain on sale of loans held for sale

2,778

2,763

3,045

2,636

1,775

1,051

1,473

1,679

941

1,232

1,666

1,853

1,001

849

2,280

1,977

1,447

1,147

1,332

1,321

1,163

4,399

-2,580

577

303

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans originated and held for sale

95,423

104,614

121,233

99,607

55,178

43,157

52,079

59,999

49,194

47,725

50,463

57,589

36,570

52,796

76,106

70,461

52,034

39,490

55,598

55,644

51,110

-

-109,288

25,531

12,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

90,299

120,961

108,157

87,127

56,801

44,265

52,329

64,488

51,040

46,291

54,485

55,414

37,920

54,970

83,627

72,312

44,183

46,581

58,445

59,407

49,194

36,744

32,815

21,947

12,910

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from bank owned life insurance

270

281

282

222

216

216

221

221

220

221

224

183

183

183

187

180

186

187

167

165

166

169

169

167

162

160

180

158

160

165

157

151

159

177

126

130

132

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-734

147

153

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-734

147

153

Decrease in deferred tax asset

-

-4,886

1,983

3,324

-1

-3,791

1,861

2,044

1

-5,376

2,080

2,106

-1,714

196

411

-594

-369

694

355

105

102

2,376

-1,810

302

554

416

-6

158

-108

405

-99

12

-21

135

523

-138

333

-1,088

-111

23

76

Increase in other assets, net

1,490

430

-604

374

400

-628

560

108

-365

1,111

181

-22

-87

1,261

174

494

-62

536

124

-154

-11

205

98

-107

17

267

35

-260

272

-83

-3

-556

-375

-11

-171

-405

-142

-506

-127

-680

-437

Increase (decrease) in other liabilities

-3,782

-7,035

7,622

-2,491

5,978

-4,218

2,434

4,909

-1,179

-1,842

3,079

-19

713

1,237

-535

1,402

461

-1,269

1,780

-165

-992

1,165

867

137

-150

340

1,133

-1,511

501

1,695

-755

1,766

-2,016

732

664

609

-689

-62

-101

350

-331

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,075

2,864

4,001

2,020

4,943

911

3,599

2,924

3,347

1,320

-

-

-

-

Net cash provided by (used for) operating activities

-3,558

19,378

-1,035

-12,965

12,904

7,359

5,724

12,189

6,431

2,890

8,592

-1,335

7,046

-

-

6,069

-4,411

7,588

6,885

6,339

-706

-

2,070

-1,543

2,504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,659

1,677

Investing activities
Increase (decrease) in cash realized from:
Increase in loans, net

86,916

105,354

30,018

75,598

56,643

58,109

87,114

74,217

72,483

59,887

28,400

81,626

55,134

49,443

49,267

26,790

34,519

12,280

30,171

54,832

38,011

39,749

23,444

37,778

42,614

28,678

20,856

22,794

21,145

9,603

19,947

12,453

11,276

10,113

15,072

-1,192

7,885

-6,540

1,587

657

10,835

Purchase of property and equipment

1,119

773

5,554

1,838

266

204

411

830

498

1,091

247

2,106

1,937

1,349

1,595

1,630

854

1,044

1,059

2,375

172

114

655

873

583

256

209

1,553

281

1,396

648

133

193

1,100

593

511

165

131

37

66

92

Purchase of investment securities:
Available for sale

6,302

-

-

-

-

9,278

-1

16,125

-2,221

-

-

-

-

1,124

0

16,852

0

32,123

15,744

9,352

0

0

0

781

1,292

0

3,260

0

0

16,968

15,455

0

2,591

-

-

-

-

26,617

8,547

58,194

19,500

Other investments

-

-

-

-

-

-6,736

4,186

1

2,595

1,275

0

425

1,386

0

637

1

168

0

0

25

124

-

-

-

0

0

1,350

0

675

0

0

0

0

-

-

-

-

-

-

-

343

Payments and maturities, calls and repayments of investment securities:
Available for sale

4,269

6,939

6,282

3,786

2,205

-

-

-

-

2,726

2,916

2,251

1,751

1,893

5,321

9,924

3,203

8,265

1,087

1,349

1,010

2,809

1,182

1,376

1,051

1,963

2,163

2,823

2,606

2,329

2,640

2,689

4,373

4,769

3,665

2,375

3,565

-

-

6,424

4,322

Held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

15

511

570

Other investments

1,607

1,034

4

-2

812

-5,928

2,316

-2

4,001

-123

967

1,917

1,605

596

0

0

0

0

0

0

1,140

900

337

1

156

-135

0

1,485

868

0

29

101

0

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities:
Proceeds from sale of investment securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,413

1,988

27,742

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities available for sale

-

-

-

-

-

-

0

0

5,841

-

0

0

0

-

11,583

-1

10,603

-

291

4,300

5,771

-

550

10,427

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,500

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

792

75

60

260

159

172

26

74

457

128

25

50

272

36

1,230

202

261

471

1,185

753

52

0

454

1,243

360

307

75

95

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,609

-18,425

-25,377

-17,497

-6,623

18,808

-28,664

-12,925

-23,031

-3,242

-

-

-

-

Net cash used for investing activities

-88,461

-88,370

-49,554

-83,767

-53,892

-64,720

-86,659

-86,816

-63,513

-52,134

-31,496

-100,284

-55,101

-

-

-35,290

-21,475

-37,313

-47,424

-60,909

-30,312

-

-22,802

-27,603

-43,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,656

-18,265

Financing activities
Increase (decrease) in cash realized from:
Increase in deposits, net

149,574

-23,171

45,287

95,773

110,099

58,653

21,501

47,459

139,400

38,546

44,666

86,637

120,123

46,076

-4,049

45,883

17,508

41,815

49,394

44,214

61,403

16,147

25,391

24,957

42,093

73,267

-25,020

19,678

36,095

1,860

20,022

-12,305

3,810

8,236

-1,773

-3,605

23,758

-6,446

6,411

18,770

23,477

Decrease in Federal Home Loan Bank advances and other borrowings, net

45,000

-

0

0

25,000

-

-39,900

0

38,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in Federal Home Loan Bank advances and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

2,500

-

0

0

0

0

0

0

-20,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,555

0

13,190

-

0

0

0

-

-

-

-

-

-

-

-

Cash dividend on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

323

253

253

181

191

191

195

201

202

211

216

216

216

217

216

216

216

216

217

216

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4,057

-

0

-500

-480

-

0

-904

0

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,426

0

0

5,950

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options and warrants

741

453

557

437

322

90

172

410

228

251

38

304

112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash in lieu of fractional shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

5

2

0

0

0

2

0

0

0

1

-

-

-

-

Proceeds from the exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

84

285

-

72

42

75

-

0

68

219

46

31

5

116

39

0

0

57

0

0

0

77

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,983

22,338

14,887

20,111

-13,425

3,649

8,020

-1,990

-3,821

23,618

-

-

-

-

Proceeds from the exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

Net cash provided by financing activities

105,315

62,285

68,328

96,210

85,421

40,243

61,573

47,869

101,028

66,797

10,704

67,199

122,735

-

-

45,967

17,793

42,254

49,466

44,256

41,478

-

37,638

27,772

44,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,697

23,556

Net increase in cash and cash equivalents

13,296

-6,707

17,739

-522

44,433

-17,118

-19,362

-26,758

43,946

17,553

-12,200

-34,420

74,680

4,642

-29,609

16,746

-8,093

12,529

8,927

-10,314

10,460

-16,767

16,906

-1,374

3,296

15,487

-11,923

-551

6,777

-6,489

4,634

-15,105

23,368

-17,045

-11,991

-23,505

21,696

20,944

5,238

8,618

6,968

Supplemental information
Cash paid for
Interest

7,103

6,404

6,689

6,493

5,570

4,586

4,060

3,574

3,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

2,552

2,339

2,360

1,939

2,245

1,767

1,842

1,817

1,799

1,835

1,961

1,626

1,383

1,937

1,622

1,890

1,888

2,171

1,756

1,964

2,135

2,814

2,909

2,828

2,843

3,317

3,825

4,402

3,788

3,624

Income taxes

-

-

-

-

-

-

-

-

-

2,900

2,080

3,410

0

1,750

2,250

1,330

1,350

2,075

1,845

1,505

1,200

1,395

933

1,060

1,147

1,016

710

815

335

945

520

385

279

260

715

185

525

-

-

-

-

Schedule of non-cash transactions
Real estate acquired in settlement of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

245

-

0

343

0

-

2,433

154

0

-

312

0

1,001

200

160

164

1,056

-

-

-

-

256

1,230

1,947

0

Unrealized gain on securities, net of income taxes

708

-2,540

237

569

541

1,622

-257

-184

-726

-464

89

167

157

-808

-147

1,892

-721

-70

399

17

-236

-3,276

-17

722

769

4,493

-166

-1,594

-207

-980

353

342

-93

-3,122

789

480

115

925

3

545

168

Right-of-use assets obtained in exchange for lease obligations:
Operating leases

-

4,169

1,895

0

15,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-