SHORE BANCSHARES INC SHBI Cash Flow

Shore bancshares inc (SHBI)

CashFlow / TTM

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
15,562	16,198	24,278	24,526	24,693	24,997	15,601	14,559	12,520	11,262	11,059	10,058	9,978	9,638	9,306	8,804	8,159	7,108	6,171	5,524	5,202	5,051	5,000	-7,654	-8,598	-9,634	-15,883	-6,312	-6,380	-9,638	-4,239	-2,324	-2,850	-897	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Net accretion of acquisition accounting estimates
433	468	576	631	690	679	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
950	700	960	1,067	1,285	1,674	1,759	1,797	2,353	2,291	2,164	2,424	1,825	1,848	1,905	1,710	1,875	2,075	2,250	2,615	3,025	3,350	3,174	24,859	26,609	27,784	36,960	20,700	21,525	27,745	22,130	19,580	21,450	19,470	0	0	0
Depreciation and amortization
2,507	2,393	2,412	2,465	2,353	2,297	2,118	1,547	1,743	1,649	1,788	2,351	2,194	2,449	2,445	2,436	2,424	2,434	2,432	2,414	2,378	2,312	2,278	2,272	2,330	2,392	2,476	2,570	2,595	2,648	2,550	2,396	2,286	2,341	0	0	0
Net amortization of securities
-496	-512	-547	-572	-595	-649	-706	-1,177	-818	-820	-607	24	-168	22	33	68	88	99	102	82	66	60	54	47	45	43	44	52	59	70	118	151	152	156	0	0	0
Stock-based compensation expense
147	149	65	172	367	447	781	771	780	1,055	820	746	641	334	313	268	258	283	240	231	201	87	99	87	78	78	93	108	134	209	271	342	366	338	0	0	0
Deferred income tax expense (benefit)
-276	-241	1,910	1,935	2,018	1,610	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	26	26	49	106	107	107	107	45	0	0	0
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	4,784	6,062	6,042	5,717	5,242	4,730	4,514	3,874	3,553	3,177	2,755	2,836	-4,495	-3,885	-5,809	-6,132	-4,419	-6,012	-4,255	-4,768	-733	-6	-135	-1,550	0	0	0
(Gains) on sales and calls of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	563	0	0	0
Losses on disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	0	891	879	213	192	182	187	-39	-36	0	0	0
Losses on sales and valuation adjustments on other real estate owned
-209	-417	-634	-632	-571	-290	13	6	-97	-207	-531	-523	-407	-363	-249	-122	-134	-171	-731	-739	-742	-687	-1,431	-1,481	-1,600	-1,669	0	0	0	-	-	-	-	-	-	-	-
Fair value adjustment on equity securities
-21	-42	-62	-49	2	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Losses on sales and write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Losses on sales and write-downs of other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net changes in:
Accrued interest receivable
-89	110	-101	635	506	-164	479	164	493	827	650	285	152	218	-144	61	-2	-205	-23	-97	111	102	-129	-234	-218	-235	-691	-793	-1,025	-1,137	-561	-609	-512	-1,127	0	0	0
Other assets
911	-2,304	-3,410	-3,918	-4,752	3,258	4,410	3,654	4,221	1,245	732	2,493	1,234	98	1,352	-185	757	870	746	431	385	-170	-13,060	-1,028	-4,323	-4,703	4,125	-5,816	-3,209	-1,351	2,303	-929	-351	-1,813	0	0	0
Accrued interest payable
-	-274	54	-46	172	539	337	213	70	-9	-15	-32	-30	-32	-60	-53	-58	-66	-65	-59	-67	-53	-72	-88	-98	-114	-232	-302	-264	-230	-185	-287	-320	-291	0	0	0
Other liabilities
-7,759	-7,834	-1,580	-1,843	5,101	5,590	93	2,271	1,696	331	86	-2,107	-631	-729	-216	47	9	-15	-130	-604	-1,792	-1,044	-1,223	-2,318	-1,544	-1,458	-731	-142	304	224	200	-1,456	-1,642	-2,265	0	0	0
Net cash provided by operating activities
10,471	13,743	15,524	15,404	23,830	18,296	17,824	19,976	17,879	19,521	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,469	-	14,035	13,584	11,779	13,179	18,732	15,303	18,881	19,847	0	0	0	-	-	-	-	-	-	-	-
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities and principal payments of investment securities available for sale
49,993	35,447	33,833	34,477	34,386	38,914	34,819	43,456	46,959	46,484	48,573	53,904	59,765	59,989	75,195	66,824	69,450	68,395	48,518	44,266	35,304	43,418	46,467	46,715	45,469	38,512	40,577	45,158	42,795	47,854	45,392	49,593	53,277	53,343	0	0	0
Proceeds from sales of investment securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,825	0	0	0
Purchases of investment securities available for sale
-	-	-	-	-	-	-	-	-	84,499	90,473	66,101	37,775	18,120	33,414	33,472	37,372	46,102	45,887	71,384	122,718	133,006	137,143	157,590	102,222	87,243	94,823	57,301	70,513	69,491	75,095	84,125	81,442	104,305	0	0	0
Proceeds from maturities and principal payments of investment securities held to maturity
1,237	1,282	281	287	287	228	228	266	476	479	479	488	278	376	376	512	512	432	432	447	447	443	588	486	486	439	1,709	2,566	3,451	3,810	2,435	1,345	611	226	0	0	0
Purchases of equity securities
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equity securities
30	31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
65,963	53,528	54,991	84,034	92,270	102,644	133,674	122,455	106,151	100,038	67,032	95,942	97,669	81,369	88,318	83,595	80,956	88,595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	22,982	5,687	9,185	23,896	0	0	0	-	-	-	-
Net change in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchases of premises and equipment
3,449	2,244	2,102	880	920	1,133	1,250	1,124	1,133	1,259	1,192	1,315	1,047	699	698	866	1,023	1,518	2,703	2,791	2,612	2,077	989	597	535	545	652	1,024	1,488	2,202	2,533	2,177	1,990	1,216	0	0	0
Proceeds from sales of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	14	14	338	317	307	307	0	4	0	0	0
Proceeds from sales of other real estate owned
732	731	829	509	115	378	381	726	782	571	716	1,541	3,431	3,700	3,889	2,762	1,734	2,040	2,568	2,803	2,293	1,697	2,464	2,943	4,505	5,325	5,204	7,185	5,689	5,742	5,061	4,558	4,201	3,807	0	0	0
Net purchases of restricted securities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net redemption of restricted securities
-	2,286	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) investing activities
-46,072	-45,678	-17,125	-26,466	-35,421	-42,455	-97,596	-105,598	-54,948	-72,302	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Return of investment in unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,655	-	-71,755	-62,447	-108,355	-89,528	-56,822	-65,806	36,064	30,450	0	0	0	-	-	-	-	-	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES:
Noninterest-bearing deposits
9,903	26,152	30,791	20,282	21,302	2,144	5,746	15,196	22,676	32,185	34,899	45,263	36,966	31,890	35,615	27,936	28,128	35,872	30,746	29,840	36,059	21,017	23,974	15,276	10,047	18,805	9,646	9,090	11,612	20,191	20,757	18,683	21,310	9,613	0	0	0
Interest-bearing deposits
101,751	103,002	113,084	53,894	39,205	7,690	-29,868	-36,156	-59,489	-39,263	-33,406	-22,555	-5,156	-9,864	-2,753	4,250	831	-9,412	-11,967	-14,418	-24,730	-5,482	-13,733	-23,897	-50,762	-134,610	-117,747	-119,686	-69,524	19,163	5,838	40,577	20,275	20,790	0	0	0
Short-term borrowings
-28,562	-59,586	-96,780	-77,233	-42,269	39,078	112,574	99,416	70,074	18,531	-3,531	-3,544	-2,953	-3,469	-1,480	240	774	1,864	-4,275	-1,172	-2,972	-5,332	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,854	-	14,257	14,249	39,636	41,482	40,807	20,367	-43,734	-119,400	0	0	0	-	-	-	-	-	-	-	-
Common stock dividends paid
5,568	5,347	4,982	4,723	4,466	4,079	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,611	3,731	2,594	4,056	2,213	4,425	-1,605	-1,776	0	0	0
Proceeds from the issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	53	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	26	26	49	106	107	107	107	45	0	0	0
Common stock dividends paid
-	-	-	-	-	-	-	-	-	0	2,535	2,281	2,025	1,771	1,391	1,264	885	506	0	0	0	-	-	-	-	-	-	-	-	85	169	254	338	760	0	0	0
Repurchase of shares for tax withholding on exercised options and vested restricted stock
39	88	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) financing activities
73,033	59,681	56,197	6,863	28,415	59,564	84,633	75,022	30,213	8,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Net increase in cash and cash equivalents
37,432	27,746	54,596	-4,199	16,824	35,405	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-44,118	-31,209	-7,138	-24,775	2,127	8,949	1,461	-2,332	-22,412	-43,463	-34,614	-56,940	-34,867	2,717	-30,136	11,211	-69,103	-76,526	-45,067	-44,312	72,451	54,670	88,860	76,017	49,778	0	0	0
Supplemental cash flows information:
Interest paid
9,646	10,071	9,556	8,501	6,893	5,008	3,603	3,011	2,586	2,368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid, Total
9,646	10,071	9,556	8,501	6,893	5,008	3,603	3,011	2,586	2,368	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,162	-	3,646	3,863	4,087	4,300	4,566	4,887	5,580	6,589	8,049	9,427	10,291	10,792	10,862	11,046	11,212	11,379	0	0	0
Income taxes paid
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	762	658	518	526	437	336	243	85	193	187	265	306	211	243	163	198	310	1,245	2,062	0	0	0
Lease liabilities arising from right-of-use assets
1,785	5,243	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,773	1,005	1,743	1,782	2,295	2,438	1,664	1,814	3,071	4,173	4,116	4,745	6,031	5,734	10,028	12,435	10,712	0	0	0
Unrealized gain (loss) on securities available for sale
4,045	4,314	-2,555	4,888	2,541	-2,308	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from loans held for sale to loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,521	3,521	3,521	3,521	0	0	0	0	-	-	-	-	-	-	-	-
Change in unrealized (gain) loss on securities available for sale
-	-	-	-	-	-	-	-	-	-155	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unrealized loss on securities transferred from available for sale to held to maturity
30	29	30	29	30	30	29	29	29	30	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-