Southwest georgia financial corp (SGB)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

5,290

4,647

3,807

4,033

3,373

2,903

2,772

1,939

1,461

1,856

1,812

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses

856

829

300

160

141

330

420

445

983

600

535

Provision for foreclosed asset losses

-

-

-

-

-

-

-

320

300

275

0

Depreciation

1,200

1,036

881

923

961

890

897

897

829

782

719

Net amortization of investment securities

-340

-356

-396

-309

-307

-324

-361

-329

-375

307

-26

Income on cash surrender value of bank owned life insurance

133

147

133

125

147

123

175

173

164

128

69

Amortization of intangible assets

3

15

15

15

15

44

215

219

219

207

207

Disposal of fixed assets to charitable expense

0

0

13

0

0

-

-

-

-

-

-

Gain on sale/writedown of foreclosed assets

-

-

-

-

-

84

-142

-125

-166

121

-

Loss (gain) on sale/writedown of foreclosed assets

37

17

-8

0

-13

-

-

-

-

-

0

Net loss (gain) on disposal of fixed assets

250

-0

-1

36

-

-

-

-

-

-

-

Net gain (loss) on sale of securities

174

-165

186

168

-

-

-

-

-

-

-

Net loss on disposal of bank property held for sale

0

-96

0

0

-

-

-

-

-

-

-

Net gain on extinguishment of debt

143

317

0

0

-

-

-

-

-

-

-

Stock-based compensation

74

17

0

0

-

-

-

-

-

-

-

Net loss on the impairment of equity securities

-

-

-

-

-

-

-

-

12

0

0

Net gain on sale of securities

-

-

-

-

3

293

311

337

381

-

-

Net loss on disposal of other assets

-

-

-

-

9

3

28

149

2

-

-

Change in:
Net gain on sale of securities

-

-

-

-

-

-

-

-

-

534

255

Net gain on disposal of other assets

-

-

-

-

-

-

-

-

-

-95

0

Funds held related to mortgage banking activities

-

-

-

-

-

-

-

-

14

-184

796

Other assets

146

-71

-489

253

-52

-640

-219

756

-668

794

-749

Other liabilities

142

-193

288

324

-208

-213

-526

364

125

1

61

Net cash provided by operating activities

7,023

6,560

5,882

5,181

4,470

4,414

3,987

3,224

4,607

4,002

3,032

Cash flows from investing activities:
Proceeds from calls, paydowns and maturities of securities HTM

11,298

12,252

10,070

5,952

5,115

3,983

9,255

12,389

15,831

10,230

5,000

Proceeds from calls, paydowns and maturities of securities AFS

5,499

795

635

10,354

4,143

2,460

4,093

7,547

11,641

9,261

30,502

Proceeds from Federal Home Loan Bank Stock repurchase

996

1,164

705

413

141

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank Stock repurchase

-

-

-

-

-

-1,115

-491

-341

-

-

-

Proceeds from sale of securities available for sale

-

-

-

-

-

2,208

442

8,833

24,846

-

-

Proceeds from sale of securities available for sale

9,358

2,879

5,741

11,933

4,044

-

-

-

-

-

-

Proceeds from sale of securities held to maturity

-

-

-

576

516

0

0

-

-

-

-

Proceeds from maturity of certificates of deposit in other banks

247

0

0

245

1,225

1,960

735

0

-

-

-

Proceeds from maturities of certificates of deposit in other banks

-

-

-

-

-

-

-

-

0

-

-

Proceeds from sale of securities available for sale

-

-

-

-

-

-

-

-

-

17,856

9,849

Purchase of securities held to maturity

0

4,637

265

478

5,207

6,239

9,341

20,202

22,193

32,538

17,100

Purchase of securities available for sale

22,400

8,762

7,039

25,129

5,709

20,586

20,328

9,848

9,234

19,898

18,894

Purchase of Federal Home Loan Bank Stock

890

546

1,269

418

450

954

765

2

-

-

-

Purchase certificates of deposit in other banks

245

747

1,985

0

0

-

-

-

-

-

-

Purchase of certificates of deposit in other banks

-

-

-

-

-

-

245

2,940

980

0

0

Net change in loans

22,638

47,511

38,895

41,850

26,517

6,362

14,944

24,447

24,968

-1,456

-

Net change in loans

-

-

-

-

-

-

-

-

-

-

13,733

Purchase bank owned life insurance

0

0

1,063

0

0

-

-

-

-

0

0

Purchase bank owned life insurance

-

-

-

-

-

-

116

0

1,400

-

-

Proceeds from bank owned life insurance

-

-

-

-

30

0

68

0

0

-

-

Expenditures for improvements to other real estate owned

-

-

-

-

-

-

-

-

42

119

1,427

Purchase of premises and equipment

616

3,382

1,955

1,455

370

2,311

1,105

1,309

1,553

2,243

2,713

Capitalized other real estate expenditures

41

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of fixed assets and foreclosed assets

974

1,131

233

304

201

578

1,398

1,500

1,298

-

-

Proceeds from the sale of bank property held for sale

0

114

0

0

-

-

-

-

-

-

-

Proceeds from sales of other assets

-

-

-

-

-

-

-

-

-

921

0

Net cash used by investing activities

-18,459

-47,249

-35,086

-39,552

-22,838

-24,149

-30,360

-28,136

-6,752

-15,073

-8,517

Cash flows from financing activities:
Net change in deposits

17,794

58,633

25,512

32,477

29,042

-460

18,672

42,851

9,379

4,100

20,890

Payment of short-term portion of long-term debt

41,490

22,971

13,447

7,590

5,133

11,800

2,000

2,000

2,000

-

-

Payments for early retirement of long-term debt

-11,501

-9,110

0

0

-

-

-

-

-

-

-

Proceeds from issuance of short-term debt

32,214

8,000

7,857

857

2,457

0

0

-

-

-

-

Proceeds from issuance of long-term debt

17,785

9,000

18,142

5,142

11,542

10,000

9,000

0

0

-

6,000

Increase (decrease) in federal funds purchased

-

-

-

-

-

-

-

-

-

-

430

Payment of short-term debt

-

-

-

-

-

-

-

-

-

0

5,000

Cash dividends paid

1,221

1,196

1,120

1,070

1,019

815

509

407

254

254

178

Payments for treasury stock

11

306

122

6

0

0

-

-

-

-

-

Net cash provided by financing activities

13,568

42,049

36,821

29,809

36,889

-3,076

25,162

40,443

7,125

3,845

21,281

Increase in cash and cash equivalents

2,131

1,360

7,618

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-4,560

18,521

-22,811

-1,210

15,530

4,979

-7,225

15,796

CASH PAID DURING THE YEAR FOR:
Income taxes

1,080

365

895

964

725

255

510

454

-

-

0

Interest paid

4,468

3,246

1,881

1,600

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

0

572

-

Interest paid

-

-

-

-

1,314

1,414

1,696

1,911

2,274

2,992

3,746

NONCASH ITEMS:
Adjustment to directors deferred compensation liability

-

-

-

-

-

-

-33

0

0

-

-

Sale of foreclosed properties through loans

-

-

-

-

-

0

0

-

-

-

-

Increase in foreclosed properties and decrease in loans

850

503

903

44

241

0

-

-

-

-

-

Unrealized gain (loss) on securities AFS

2,094

-665

140

-848

134

1,197

-1,279

-732

813

-

-

Unrealized gain (loss) on pension plan benefits

1,375

-40

503

-110

-1,032

55

191

417

-

-

-

Net reclass between short and long-term debt

4,707

7,457

15,114

7,590

5,133

5,133

11,800

2,000

2,000

-

-

Net reclass between short and long-term debt

4,707

7,457

15,114

7,590

5,133

-

11,800

2,000

2,000

-

-

Sale of fixed assets through loans

0

13

0

-

-

-

-

-

-

-

-

Sale of fixed assets through loans

-

-

-

0

-

-

-

-

-

-

-

Sale of foreclosed properties through loans

208

0

38

0

334

357

206

912

760

662

2,193

Property moved from fixed assets to property held for sale

-

-

-

211

0

-

-

-

-

-

-

Retirement of treasury stock

0

26,242

0

0

-

-

-

-

-

-

-

Unrealized gain(loss) on securities AFS

-

-

-

-

-

-

-

-

-

-306

-35

Unrealized gain on pension plan benefits

-

-

-

-

-

-

-

-

48

-232

-

Net reclass between short and long-term debt

4,707

7,457

15,114

7,590

5,133

-

-

-

2,000

-

-

Adjustment to director's deferred compensation liability

-

-

-

-

-

-

-

-

0

-

-

Unrealized gain(loss) on pension plan benefits

-

-

-

-

-

-

-

-

-

-

642

Net reclass between short and long-term debt

-

-

-

-

-

-

-

-

-

-3,000

5,000