Southern first bancshares inc (SFST)
CashFlow / TTM
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

24,681

27,858

26,444

24,814

23,084

22,289

18,586

17,053

15,147

13,045

14,256

13,440

13,142

13,036

12,597

11,891

11,145

10,167

9,297

8,397

7,403

6,625

6,082

5,674

5,409

5,120

4,814

4,621

4,135

3,862

3,168

2,426

2,239

2,088

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for loan losses

8,000

2,300

1,850

1,600

1,700

1,900

1,800

1,900

2,000

2,000

1,775

2,100

2,175

2,300

2,725

2,775

3,200

3,200

3,400

3,850

3,800

4,175

4,100

3,550

3,350

3,475

3,600

3,950

4,475

4,550

0

0

0

-

-

-

4,935

5,610

0

0

0

Depreciation and other amortization

1,984

1,888

1,842

1,818

1,807

1,755

1,710

1,641

1,552

1,460

1,365

1,287

1,245

1,251

1,259

1,255

1,326

1,310

1,296

1,304

1,212

1,207

1,209

1,200

1,208

1,205

1,144

1,081

1,037

979

960

944

901

884

850

845

846

853

0

0

0

Accretion and amortization of securities discounts and premium, net

-465

-432

-389

-399

-404

-437

-501

-535

-566

-582

-570

-580

-593

-581

-549

-473

-400

-353

-903

-323

-348

-375

170

-479

-564

-659

-712

-734

-741

-850

-1,001

-1,100

-1,096

-1,066

-1,117

-1,217

-1,233

-1,092

0

0

0

Gain on sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

0

0

0

(Gain) loss on sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

238

-23

-198

-458

93

330

-62

-318

0

0

0

-

-

-

-

Gain on sale of investment securities available for sale

-

-

-

-

-

7

1

1

3

4

2

108

124

431

431

327

345

297

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of fixed assets

-

-

-

-

-

-

-

0

-42

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

0

0

0

Write-down of real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-325

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in operating leases

193

585

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense related to stock options and restricted stock grants

1,631

1,698

1,654

1,610

1,566

1,502

1,377

1,325

1,282

1,258

2,223

2,122

2,065

1,998

953

901

812

759

730

693

662

629

625

597

556

515

452

419

380

342

323

302

289

276

266

262

254

246

0

0

0

Gain on sale of loans held for sale

11,222

10,219

8,507

6,935

5,978

5,144

5,325

5,518

5,692

5,752

5,369

5,983

6,107

6,553

6,851

5,903

5,247

4,963

8,215

4,303

3,559

2,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans originated and held for sale

420,877

380,632

319,175

250,021

210,413

204,429

208,997

207,381

204,971

192,347

197,418

223,061

235,933

251,397

238,091

217,583

202,766

201,842

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of loans held for sale

406,544

373,046

296,350

240,522

217,883

212,122

214,148

216,304

207,230

194,110

202,789

231,931

248,829

255,092

246,703

221,521

208,616

213,627

203,790

178,160

140,700

104,416

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from bank owned life insurance

1,055

1,001

936

875

874

878

883

886

848

811

773

736

733

736

740

720

705

685

667

669

671

667

658

669

660

658

663

640

633

632

644

613

592

565

0

0

0

-

-

-

-

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Increase in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Decrease in deferred tax asset

-

420

1,515

1,393

113

115

-1,470

-1,251

-1,189

-2,904

2,668

999

-1,701

-356

142

86

785

1,256

2,938

773

970

1,422

-538

1,266

1,122

460

449

356

210

297

27

649

499

853

-370

-1,004

-843

-1,100

0

0

0

Increase in other assets, net

1,690

600

-458

706

440

-325

1,414

1,035

905

1,183

1,333

1,326

1,842

1,867

1,142

1,092

444

495

164

138

185

213

275

212

59

314

-36

-74

-370

-1,017

-945

-1,113

-962

-729

-1,224

-1,180

-1,455

-1,750

0

0

0

Increase (decrease) in other liabilities

-5,686

4,074

6,891

1,703

9,103

1,946

4,322

4,967

39

1,931

5,010

1,396

2,817

2,565

59

2,374

807

-646

1,788

875

1,177

2,019

1,194

1,460

-188

463

1,818

-70

3,207

690

-273

1,146

-11

1,316

522

-243

-502

-144

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,960

13,828

11,875

11,473

12,377

10,781

11,190

0

0

0

-

-

-

-

Net cash provided by (used for) operating activities

1,820

18,282

6,263

13,022

38,176

31,703

27,234

30,102

16,578

17,193

0

0

0

-

-

16,131

16,401

20,106

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

297,886

267,613

220,368

277,464

276,083

291,923

293,701

234,987

242,396

225,047

214,603

235,470

180,634

160,019

122,856

103,760

131,802

135,294

162,763

156,036

138,982

143,585

132,514

129,926

114,942

93,473

74,398

73,489

63,148

53,279

53,789

48,914

35,269

31,878

15,225

1,740

3,589

6,539

0

0

0

Purchase of property and equipment

9,284

8,431

7,862

2,719

1,711

1,943

2,830

2,666

3,942

5,381

5,639

6,987

6,511

5,428

5,123

4,587

5,332

4,650

3,720

3,316

1,814

2,225

2,367

1,921

2,601

2,299

3,439

3,878

2,458

2,370

2,074

2,019

2,397

2,369

1,400

844

399

326

0

0

0

Purchase of investment securities:
Available for sale

0

-

-

-

-

23,181

0

0

0

-

-

-

-

17,976

48,975

64,719

57,219

57,219

25,096

9,352

781

2,073

2,073

5,333

4,552

3,260

20,228

32,423

32,423

35,014

0

0

0

-

-

-

-

112,858

0

0

0

Other investments

-

-

-

-

-

46

8,057

3,871

4,295

3,086

1,811

2,448

2,024

806

806

169

193

149

0

0

0

-

-

-

1,350

2,025

2,025

675

675

0

0

0

0

-

-

-

-

-

-

-

0

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

21,276

19,212

0

0

0

-

-

-

-

9,644

8,811

11,216

18,889

20,341

26,713

22,479

13,904

11,711

6,255

6,350

6,377

6,418

5,572

6,553

8,000

9,555

9,921

10,398

10,264

12,031

14,471

15,496

15,182

14,374

0

0

0

-

-

0

0

Held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,110

0

0

0

Other investments

2,643

1,848

-5,114

-2,802

-2,802

387

6,192

4,843

6,762

4,366

5,085

4,118

2,201

596

0

0

0

1,140

2,040

2,377

2,378

1,394

359

22

1,506

2,218

2,353

2,382

998

130

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,143

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities available for sale

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

0

0

0

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

1,187

554

651

617

431

729

685

684

660

475

383

1,588

1,740

1,729

2,164

2,119

2,670

2,461

1,990

1,259

1,749

2,057

2,364

1,985

837

0

0

0

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-81,908

-67,922

-30,689

-33,976

-29,404

-45,812

-67,862

0

0

0

-

-

-

-

Net cash used for investing activities

-310,152

-275,583

-251,933

-289,038

-292,087

-301,708

-289,122

-233,959

-247,427

-239,015

0

0

0

-

-

-141,502

-167,121

-175,958

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

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

267,463

227,988

309,812

286,026

237,712

267,013

246,906

270,071

309,249

289,972

297,502

248,787

208,033

105,418

101,157

154,600

152,931

196,826

171,158

147,155

127,898

108,588

165,708

115,297

110,018

104,020

32,613

77,655

45,672

13,387

19,763

-2,032

6,668

26,616

11,934

20,118

42,493

42,212

0

0

0

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

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

2,500

-

0

0

0

-20,000

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Cash dividend on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,010

878

816

758

778

789

809

830

845

859

865

865

865

865

864

865

865

0

0

0

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,376

5,950

5,950

5,950

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options and warrants

2,188

1,769

1,406

1,021

994

900

1,061

927

821

705

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash in lieu of fractional shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

7

7

2

2

2

2

2

1

0

0

0

-

-

-

-

Proceeds from the exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

333

364

301

198

191

160

155

96

57

57

57

77

0

0

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,319

43,911

25,222

18,355

-3,746

5,858

25,827

0

0

0

-

-

-

-

Proceeds from the exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by financing activities

332,138

312,244

290,202

283,447

235,106

250,713

277,267

226,398

245,728

267,435

0

0

0

-

-

155,480

153,769

177,454

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net increase in cash and cash equivalents

23,806

54,943

44,532

7,431

-18,805

-19,292

15,379

22,541

14,879

45,613

32,702

15,293

66,459

-16,314

-8,427

30,109

3,049

21,602

-7,694

285

9,225

2,061

34,315

5,486

6,309

9,790

-12,186

4,371

-10,183

6,408

-4,148

-20,773

-29,173

-30,845

7,144

24,373

56,496

41,768

0

0

0

Supplemental information
Cash paid for
Interest

26,689

25,156

23,338

20,709

17,790

15,410

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

9,190

8,883

8,311

7,793

7,671

7,225

7,293

7,412

7,221

6,805

6,907

6,568

6,832

7,337

7,571

7,705

7,779

8,026

8,669

9,822

10,686

11,394

11,897

12,813

14,387

15,332

15,639

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

8,390

7,240

7,410

5,330

6,680

7,005

6,600

6,775

6,625

5,945

5,033

4,588

4,535

4,156

3,933

3,688

2,876

2,805

2,615

2,185

2,129

1,444

1,639

1,439

1,685

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

1,513

1,361

1,525

1,580

0

0

0

-

-

-

-

3,433

0

0

0

Unrealized gain on securities, net of income taxes

-1,026

-1,193

2,969

2,475

1,722

455

-1,631

-1,285

-934

-51

-395

-631

1,094

216

954

1,500

-375

110

-3,096

-3,512

-2,807

-1,802

5,967

5,818

3,502

2,526

-2,947

-2,428

-492

-378

-2,520

-2,084

-1,946

-1,738

2,309

1,523

1,588

1,641

0

0

0

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

-

21,459

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-