Smartfinancial inc. (SMBK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

26,548

18,102

5,015

5,798

1,509

1,832

1,680

1,402

1,030

-4,707

-8,178

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

4,300

3,291

-1,691

2,189

1,085

1,675

506

529

510

555

958

Accretion of fair value purchase accounting adjustments, net

5,712

7,008

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

2,541

0

Provision for loan losses

2,599

2,936

783

787

922

431

300

430

445

7,291

14,898

Stock compensation expense

517

397

154

132

140

14

129

74

79

74

216

Gain from redemption and sale of securities available-for-sale

34

1

143

-

-

-

-

-

-

-

-

Deferred income tax expense

780

2,432

1,599

-

-

-

105

-383

110

-1,012

1,301

Increase in cash surrender value of bank owned life insurance

568

596

295

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-35

-41

0

-

-

-

-

-

-

-

-

Net losses from sale of other real estate owned

17

-643

-47

191

266

-625

-1,687

-899

-1,593

-

-

Net gains from sale of securities

-

-

-

-

52

116

-

-

-

-

-

Gains from sale of securities

-

-

-

-

-

-

652

0

107

-

-

Net gains from sale of loans

1,566

1,433

1,275

948

-112

188

403

151

134

-

-

Origination of loans held for sale

69,056

52,070

35,547

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

66,744

55,761

35,576

-

-

-

-

-

-

-

-

Gains on sale of securities

-

-

-

-

-

-

-

-

-

1,698

399

Net (gains) losses on sales of loans and other assets

-

-

-

-

-

-

-

-

-

-1,448

-1,627

Net change in:
Net change in loans held for sale

-

-

-

-

-

-

-

-

-

43

-582

Accrued interest receivable

347

378

331

-110

-101

8

-235

-113

0

-194

-250

Accrued interest payable

398

817

31

-8

-11

1

-38

9

-66

-174

-118

Other assets

2,106

-1,651

-

-

-

-

-

-

-

-

-

Other liabilities

7,351

-3,761

-

-

-

-

-

-

-

-

-

Other assets and liabilities

-

-

2,682

-3,918

1,200

2,580

-869

-1,720

1,000

-5,641

5,089

Net cash provided by operating activities

29,866

20,824

1,240

11,590

-

-

-

-

-

10,109

6,048

Net cash provided by operating activities

-

-

-

-

2,341

1,688

4,421

4,643

2,459

-

-

Cash flows from investing activities:
Proceeds from sales of securities available-for-sale

16,515

72,655

-

-

-

-

-

-

-

-

-

Proceeds from maturities and calls of securities available-for-sale

15,555

2,970

-

-

-

-

-

-

-

-

-

Proceeds from paydowns of securities available-for-sale

14,258

17,854

-

-

-

-

-

-

-

-

-

Proceeds from sales, maturities, and paydowns of securities available-for-sale

-

-

82,636

-

-

-

34,902

43,951

-

-

-

Purchases of securities available-for-sale

17,601

72,149

53,998

-

-

-

-

-

-

-

-

Purchases of other investments

1,414

4,053

-

1,176

38

65

-

-

-

-

-

(Purchase) redemption of restricted investments

-

-

246

-

-

-

-

-

-

-

-

Securities available for sale

-

-

-

-

-

-

-

-

43,761

127,818

36,851

Securities held to maturity

-

-

-

-

-

-

10

24

27

40

33

Purchase of securities available for sale

-

-

-

-

23,180

27,475

52,397

33,522

19,160

110,123

117,340

Proceeds from security sales, maturities, and paydowns

-

-

-

-

27,334

23,106

-

-

-

-

-

Purchase of bank owned life insurance

-

-

10,000

0

-

-

-

-

-

-

-

Distribution from equity investment

-

-

-

-

-

-

0

0

-

-

-

Net increase in loans

117,216

117,642

66,724

82,804

50,003

49,657

13,018

15,789

-

-

-

Purchase of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

93

41

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

7,416

37,003

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-18,247

Purchases of premises and equipment

6,269

3,847

2,798

6,994

1,081

2,852

14

160

123

835

310

Proceeds from sale of other real estate owned

1,395

4,972

82

-

-

-

-

-

-

-

-

Net cash and cash equivalents received in business combinations

0

-4,365

178

-

-

-

-

-

-

-

-

Proceeds from sale of foreclosed assets

-

-

-

-

5,529

257

3,422

2,328

2,697

7,094

4,119

Net cash and cash equivalents received from business combination

-

-

-

-

33,501

0

-

-

-

-

-

Net cash used in investing activities

-94,777

-94,875

-50,734

-54,313

-

-

-

-

-

60,903

-58,439

Net cash used in investing activities

-

-

-

-

-7,937

-56,686

-27,093

-3,168

34,619

-

-

Cash flows from financing activities:
Net increase in deposits

124,698

95,073

50,474

48,582

54,213

8,242

-3,466

30,838

-21,405

-69,295

78,158

Net decrease in securities sold under agreements to repurchase

-5,572

-12,600

-2,567

-1,446

687

2,142

3,386

-9,803

5,065

-1,996

-9,468

Proceeds from Federal Home Loan Bank advances and other borrowings

-139,385

-221,691

139,404

51,600

0

12,000

-

-

-

-

-

Redemption of preferred stock

-

-

-

0

-

-

-

-

-

-

-

Repayment of other borrowings

-

-

-

-

-

-

435

870

1,670

635

-

Net payments on Federal Home Loan Bank advances and other borrowings

-

-

-

-

-

-

-

-

-

-

0

Payment of dividends on preferred stock

-

-

195

752

120

120

1,433

985

303

-

-

Redemption of preferred stock

-

-

12,000

-

-

-

-

-

-

-

-

Net proceeds from subordinated debt

0

39,158

0

-

-

-

-

-

-

-

-

Proceeds from Federal Home Loan Bank advances

-

-

-

-

-

-

0

0

-

-

-

Repayment of Federal Home Loan Bank advances and other borrowings

-153,581

-175,378

119,196

67,282

20,000

0

10,000

5,000

10,000

17,000

-

Cash dividends paid

700

0

-

-

-

-

-

-

-

-

-

Issuance of common stock

438

1,528

37,852

803

4,043

34

77

0

0

-

-

Net (repayments) borrowings of other borrowings

-

-

-

-

-

-

-

-

-

-

-1,100

Payment of dividends on preferred stock

-

-

-

-

-

-

-

-

-

-34

-1,094

Issuance of preferred stock

-

-

-

-

-

-

0

4,858

7,135

2,727

0

Net cash provided by financing activities

-

-

-

-

38,824

22,299

-11,871

19,037

-21,177

-

-

Net cash provided by financing activities

133,060

76,846

93,772

31,506

-

-

-

-

-

-86,233

68,695

Net change in cash and cash equivalents

68,149

2,795

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

44,278

-11,216

33,228

-32,698

-34,543

20,512

15,900

-15,220

16,304

Supplemental disclosures of cash flow information:
Cash paid during the period for interest

24,177

14,749

5,399

-

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

4,308

2,610

2,034

3,560

4,774

6,427

9,376

11,307

Cash paid during the period for income taxes

6,765

857

3,531

3,754

1,977

3,887

1,107

965

44

500

180

Cash received from income tax refunds

561

0

-

-

0

-

-

-

-

-

-

Noncash investing and financing activities:
Change in unrealized (gains) losses on securities available-for-sale

-

-

-2

1,053

-

-

-

-

-

-

-

Change in unrealized losses on securities available for sale

-

-

-2

1,053

79

2,099

-

-

-

-

-

Acquisition of real estate through foreclosure

639

4,440

588

1,431

864

644

1,672

8,530

1,672

10,645

14,156

Financed sales of other real estate owned

0

1,601

0

3,315

898

0

3,939

3,484

3,284

-

-

Transfer from bank premises to other real estate owned

0

1,289

0

-

-

-

-

-

-

-

-

Change in goodwill due to acquisitions

-473

23,213

-

-

-

-

-

-

-

-

-

Change in goodwill due to acquisitions

-

-

38,707

-

-

-

-

-

-

-

-

Initial recognition of operating lease right-of-use assets

6,081

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

6,081

-

-

-

-

-

-

-

-

-

-