SHORE BANCSHARES INC SHBI Cash Flow

Shore bancshares inc (SHBI)

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
3,118	4,014	4,206	4,224	3,754	12,094	4,454	4,391	4,058	2,698	3,412	2,352	2,800	2,495	2,411	2,272	2,460	2,163	1,909	1,627	1,409	1,226	1,262	1,305	1,258	1,175	-11,392	361	222	-5,074	-1,821	293	-3,036	325	94	-233	-1,083
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of acquisition accounting estimates
110	54	152	117	145	162	207	176	134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
350	200	200	200	100	460	307	418	489	545	345	974	427	418	605	375	450	475	410	540	650	650	775	950	975	474	22,460	2,700	2,150	9,650	6,200	3,525	8,370	4,035	3,650	5,395	6,390
Depreciation and amortization
620	614	581	692	506	633	634	580	450	454	63	776	356	593	626	619	611	589	617	607	621	587	599	571	555	553	593	629	617	637	687	654	670	539	533	544	725
Net amortization of securities
-111	-116	-134	-135	-127	-151	-159	-158	-181	-208	-630	201	-183	5	1	9	7	16	36	29	18	19	16	13	12	13	9	11	10	14	17	18	21	62	50	19	25
Stock-based compensation expense
61	57	61	-32	63	-27	168	163	143	307	158	172	418	72	84	67	111	51	39	57	136	8	30	27	22	20	18	18	22	35	33	44	97	97	104	68	69
Deferred income tax expense (benefit)
108	25	-33	-376	143	2,176	-8	-293	-265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26	0	0	23	83	1	0	23	21
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	292	1,200	1,583	1,709	1,570	1,180	1,258	1,234	1,058	964	618	913	682	542	699	-6,418	1,292	-1,382	376	-4,705	-301	375	-137	-670	426	246	-1,552
(Gains) on sales and calls of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	354	2	79
Losses on disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2	-	-	-1	0	-	-	-	-	-913	0	892	21	-22	-12	226	0	-32	-7	0	3
Losses on sales and valuation adjustments on other real estate owned
-18	0	-130	-61	-226	-217	-128	0	55	86	-135	-103	-55	-238	-127	13	-11	-124	0	1	-48	-684	-8	-2	7	-1,428	-58	-121	-62	-	-	-	-	-	-	-	-
Fair value adjustment on equity securities
-1	5	-6	-19	-22	-15	7	32	-19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance income
257	-	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	66	7	-	7	54	27	-	290	101	75	-	219	56	672	-	-	-	-	-	-	-	-
Losses on sales and write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-687	-263	-599	-	-	-	-
Losses on sales and write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-416	-32	-203
Net changes in:
Accrued interest receivable
215	-52	-164	-88	414	-263	572	-217	-256	380	257	112	78	203	-108	-21	144	-159	97	-84	-59	23	23	124	-68	-208	-82	140	-85	-664	-184	-92	-197	-88	-232	5	-812
Other assets
-397	-1,037	1,377	968	-3,612	-2,143	869	134	4,398	-991	113	701	1,422	-1,504	1,874	-558	286	-250	337	384	399	-374	22	338	-156	-13,264	12,054	-2,957	-536	-4,436	2,113	-350	1,322	-782	-1,119	228	-140
Accrued interest payable
-	-120	229	-88	-295	208	129	130	72	6	5	-13	-7	0	-12	-11	-9	-28	-5	-16	-17	-27	1	-24	-3	-46	-15	-34	-19	-164	-85	4	15	-119	-187	-29	44
Other liabilities
479	-969	620	-7,889	404	5,285	357	-945	893	-212	2,535	-1,520	-472	-457	342	-44	-570	56	605	-82	-594	-59	131	-1,270	154	-238	-964	-496	240	489	-375	-50	160	465	-2,031	-236	-463
Net cash provided by operating activities
4,463	4,484	4,823	-3,299	7,735	6,265	4,703	5,127	2,201	5,793	6,855	3,030	3,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,813	5,283	5,509	-	5,303	5,510	5,157
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,894	-	4,168	3,420	2,540	3,907	3,717	1,615	3,940	9,460	288	5,193	4,906	-	-	-	-	-	-	-	-
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale
20,021	16,236	6,669	7,067	5,475	14,622	7,313	6,976	10,003	10,527	15,950	10,479	9,528	12,616	21,281	16,340	9,752	27,822	12,910	18,966	8,697	7,945	8,658	10,004	16,811	10,994	8,906	8,758	9,854	13,059	13,487	6,395	14,913	10,597	17,688	10,079	14,979
Proceeds from sales of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,379	5,373	12	12,061
Purchases of investment securities available for sale
-	-	-	-	-	-	-	-	-	4	28,371	33,463	22,661	5,978	3,999	5,137	3,006	21,272	4,057	9,037	11,736	21,057	29,554	60,371	22,024	25,194	50,001	5,003	7,045	32,774	12,479	18,215	6,023	38,378	21,509	15,532	28,886
Proceeds from maturities and principal payments of investment securities held to maturity
105	1,001	131	0	150	0	137	0	91	0	175	210	94	0	184	0	192	0	320	0	112	0	335	0	108	145	233	0	61	1,415	1,090	885	420	40	0	151	35
Purchases of equity securities
-	-	-	-	-	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equity securities
7	8	8	7	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
28,739	13,711	-5,313	28,826	16,304	15,174	23,730	37,062	26,678	46,204	12,511	20,758	20,565	13,198	41,421	22,485	4,265	20,147	36,698	19,846	11,904	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,162	-	12,643	663	-5,343	15,019	-4,652	4,161	9,368	-	-	-	-
Net change in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,713
Purchases of premises and equipment
1,397	249	1,450	353	192	107	228	393	405	224	102	402	531	157	225	134	183	156	393	291	678	1,341	481	112	143	253	89	50	153	360	461	514	867	691	105	327	93
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-17	21	10	0	307	0	0	0	0	4
Proceeds from sales of other real estate owned
18	0	320	394	17	98	0	0	280	101	345	56	69	246	1,170	1,946	338	435	43	918	644	963	278	408	48	1,730	757	1,970	868	1,609	2,738	474	921	928	2,235	117	527
Net purchases of restricted securities
73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net redemption of restricted securities
-	465	440	197	1,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) investing activities
-10,072	-7,301	-7,171	-21,528	-9,678	21,252	-16,512	-30,483	-16,712	-33,889	-24,514	20,167	-34,066	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,998	-6,507	18,732	-	7,330	-7,848	4,340
Return of investment in unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	85	-	0	0	0	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,828	-	-27,875	-9,290	-14,865	-19,725	-18,567	-55,198	3,962	12,981	-27,551	46,672	-1,652	-	-	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES:
Noninterest-bearing deposits
-1,564	-5,939	15,641	1,765	14,685	-1,300	5,132	2,785	-4,473	2,302	14,582	10,265	5,036	5,016	24,946	1,968	-40	8,741	17,267	2,160	7,704	3,615	16,361	8,379	-7,338	6,572	7,663	3,150	1,420	-2,587	7,107	5,672	9,999	-2,021	5,033	8,299	-1,698
Interest-bearing deposits
9,055	21,797	60,882	10,017	10,306	31,879	1,692	-4,672	-21,209	-5,679	-4,596	-28,005	-983	178	6,255	-10,606	-5,691	7,289	13,258	-14,025	-15,934	4,734	10,807	-24,337	3,314	-3,517	643	-51,202	-80,534	13,346	-1,296	-1,040	8,153	21	33,443	-21,342	8,668
Short-term borrowings
936	-16,037	-8,245	-5,216	-30,088	-53,231	11,302	29,748	51,259	20,265	-1,856	406	-284	-1,797	-1,869	997	-800	192	-149	1,531	290	-5,947	2,954	-269	-2,070	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,907	-	30,127	-10,332	-7,940	2,402	30,119	15,055	-6,094	1,727	9,679	-49,046	-81,760	-	-	-	-	-	-	-	-
Common stock dividends paid
1,499	1,513	1,278	1,278	1,278	1,148	1,019	1,021	891	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,373	994	2,672	-682	747	-143	4,134	-2,525	2,959	-6,173	3,963
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	50	0	3	-	1	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26	0	0	23	83	1	0	23	21
Common stock dividends paid
-	-	-	-	-	-	-	-	-	-1,902	634	635	633	633	380	379	379	253	253	0	0	-	-	-	-	-	-	-	-	0	0	0	85	84	85	84	507
Repurchase of shares for tax withholding on exercised options and vested restricted stock
39	0	0	0	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) financing activities
6,889	-5,585	66,441	5,288	-6,463	-9,069	17,107	26,840	24,686	16,000	7,496	-17,969	3,136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,064	4,798	14,016	-	35,432	-6,931	2,521
Net increase in cash and cash equivalents
1,280	-8,402	64,093	-19,539	-8,406	18,448	5,298	1,484	10,175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-12,096	-10,163	5,228	-27,087	813	13,908	-12,409	-185	7,635	6,420	-16,202	-20,265	-13,416	15,269	-38,528	1,808	24,168	-17,584	2,819	-78,506	16,745	13,875	3,574	38,257	-1,036	48,065	-9,269	12,018
Supplemental cash flows information:
Interest paid
2,199	2,550	2,302	2,595	2,624	2,035	1,247	987	739	630	655	562	521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid, Total
2,199	2,550	2,302	2,595	2,624	2,035	1,247	987	739	630	655	562	521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	672	-	832	875	923	1,016	1,049	1,099	1,136	1,282	1,370	1,792	2,145	2,742	2,748	2,656	2,646	2,812	2,932	2,822	2,813
Income taxes paid
77	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288	235	150	89	184	95	158	0	83	2	0	108	77	80	41	13	109	0	76	125	1,044	817
Lease liabilities arising from right-of-use assets
419	0	1,366	0	3,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,839	437	0	497	71	1,175	39	1,010	214	401	189	2,267	1,316	344	818	3,553	1,019	4,638	3,225	1,830
Unrealized gain (loss) on securities available for sale
1,714	8,397	-7,863	1,797	1,983	1,528	-420	-550	-2,866	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans held for sale to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,521	0	0	0	0	-	-	-	-	-	-	-	-
Change in unrealized (gain) loss on securities available for sale
-	-	-	-	-	-	-	-	-	1,395	-1,930	1,596	-1,216	-	-	-3,362	1,469	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unrealized loss on securities transferred from available for sale to held to maturity
8	7	8	7	7	8	7	8	7	7	7	8	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-