Smartfinancial inc. (SMBK)
CashFlow / Quarterly
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'11
Cash flows from operating activities:
Net income

2,732

6,733

5,963

9,121

4,731

6,432

4,324

3,931

3,414

38

1,684

1,648

1,643

1,647

1,610

1,191

1,348

1,182

-76

66

338

356

654

409

412

404

428

396

452

370

364

310

356

112

523

141

252

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

1,634

1,004

1,208

932

1,156

348

1,035

2,553

-645

-3,468

611

616

549

564

561

537

525

-214

243

658

398

1,116

313

136

109

211

78

124

92

110

184

123

111

240

114

93

62

Accretion of fair value purchase accounting adjustments, net

1,841

1,375

1,246

1,374

1,717

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

3,200

685

724

393

797

1,329

302

616

688

442

30

298

12

171

260

218

137

566

32

39

283

132

-215

350

165

0

0

0

300

330

100

0

0

300

115

15

15

Stock compensation expense

110

85

156

133

143

70

83

140

103

57

46

23

26

33

33

33

33

28

103

3

3

4

-69

40

40

32

32

64

0

18

18

18

18

19

19

19

19

Deferred income tax expense

90

-398

139

0

1,039

1,335

152

-370

1,315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

325

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of bank owned life insurance

162

153

101

156

158

155

144

146

150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

0

-21

0

-7

-7

0

0

-0

-40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net losses from sale of other real estate owned

-14

-26

27

42

-26

-209

-62

-225

-146

-5

-27

0

-15

6

130

-3

57

692

-538

-270

382

-340

250

-225

-309

-

-

-

-68

-

-

-

-

-

-

-

-

Net gains from sale of loans

576

-

-

-

282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains from sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

98

83

0

0

52

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains from sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

102

227

0

424

0

-

-

-

-

-

-

-

-

Net gains from sale of loans

-

-

-

-

-

-

-

-

325

365

229

405

275

241

286

197

221

-274

158

-61

64

80

82

6

18

162

39

52

149

-

-

-

-

-

-

-

-

Origination of loans held for sale

15,195

19,723

15,842

16,686

16,805

9,757

12,814

19,285

10,213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held for sale

15,582

17,309

17,378

15,996

16,061

10,011

20,102

14,430

11,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

104

-28

-

-12

-892

34

Net change in:
Net change in loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-37

-

202

-356

654

Accrued interest receivable

-35

140

-405

-481

1,093

-300

428

-102

352

292

57

141

-160

244

-75

-173

-106

44

-130

-12

-2

-74

-21

-188

292

-243

68

-170

109

-137

104

-87

6

-9

39

-133

104

Accrued interest payable

784

-502

446

-294

748

589

180

26

21

-6

25

10

2

14

-27

-5

10

-22

4

3

4

-2

6

-6

4

-17

6

2

-29

-15

21

4

-0

19

-89

-31

34

Other assets

-685

1,776

-263

-1,067

1,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

2,010

2,322

-763

1,090

4,702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

-

-

-

-

-

-

-

-

2,618

5,109

-970

-970

-486

2,561

-1,150

-3,269

-2,061

935

-1,416

1,471

209

212

2,748

-162

-217

639

-412

-690

-406

749

-512

-1,104

-852

2,440

-621

-360

-458

Net cash provided by operating activities

9,102

3,744

8,184

10,243

7,695

1,718

14,965

1,498

2,642

-4,635

233

3,020

2,621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,048

1,506

1,398

-

1,074

1,979

50

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,228

5,125

3,860

142

2,234

-408

374

1,609

-2,289

1,523

845

1,637

849

902

1,032

-

-

-

-

-

-

-

-

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

2,100

0

-485

17,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

3,250

0

5,250

5,305

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from paydowns of securities available-for-sale

3,816

4,092

3,612

3,381

3,173

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

5,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,091

4,582

5,714

7,693

13,206

8,287

-

-

-

-

-

-

-

-

Purchases of securities available-for-sale

3,377

11,527

5,020

0

1,054

30,345

24,564

6,000

11,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of other investments

507

0

8

507

899

213

2,462

0

1,377

-

0

452

0

1,176

0

0

0

0

0

38

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,917

11,143

8,331

9,454

33,617

-7,324

8,014

Securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

2

3

2

2

7

5

6

5

8

5

10

3

Purchase of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,593

6,278

2,991

612

2,651

3,448

22,642

23,654

7,423

6,426

9,149

10,523

1,835

17,075

250

0

Proceeds from security sales, maturities, and paydowns

-

-

-

-

-

-

-

-

-

-

-

-

5,152

-

20,705

19,697

9,652

5,773

4,218

10,134

7,207

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of securities

-

-

-

-

-

-

-

-

-

-

0

0

12,507

-

16,351

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans

52,721

31,792

30,101

-5,688

61,011

35,477

17,027

15,079

50,058

35,497

3,978

33,354

-6,106

15,993

21,412

32,431

12,967

16,782

5,610

19,436

8,173

9,489

36,014

300

3,852

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,014

-4,493

2,670

-

-12,149

-5,041

1,643

-

-

-

-

Loan originations and principal collections, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,159

Purchases of premises and equipment

2,429

1,763

2,495

715

1,296

1,962

893

-838

1,830

1,105

466

572

654

3,062

2,477

482

971

309

-110

233

649

321

2,467

29

33

-3

14

-0

3

59

39

12

49

123

92

-98

6

Proceeds from sale of other real estate owned

120

0

295

642

458

1,526

1,320

1,805

320

41

0

2

39

-

500

369

283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of bank premises and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

Proceeds from sale of foreclosed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,971

31,051

1,272

1,177

84

-152

266

58

-2,676

3,700

2,146

252

-441

852

458

1,458

-2,445

1,668

3,412

62

Net cash and cash equivalents received from business combination

46,132

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,601

-40,990

-28,467

30,309

-55,629

-15,825

-36,605

16,733

-59,178

-20,915

12,633

-40,588

-1,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,840

-2,594

866

-

18,182

-6,021

13,278

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,035

-17,848

-4,003

-27,252

31,053

-11,301

-437

-4,299

-57,570

5,038

144

-788

-2,079

-11,780

-12,445

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Net increase in deposits

22,158

49,064

-14,502

17,970

72,166

29,194

-9,531

14,455

60,954

24,240

-21,448

65,048

-17,365

46,223

-27,907

29,637

628

11,490

14,785

16,185

11,752

-18,459

36,703

-10,312

310

658

1,557

2,295

-7,977

15,917

7,223

5,923

1,773

-8,509

-12,369

-2,565

2,039

Net decrease in securities sold under agreements to repurchase

-20

1,816

-3,851

1,149

-4,686

-5,332

-1,848

2,666

-8,086

-2,487

3,595

-207

-3,468

2,419

-2,680

6,135

-7,321

-7,996

15,714

-1,879

-5,151

4,426

-1,223

2,990

-4,051

2,465

-2,398

1,756

1,563

207

-3,919

1,853

-7,945

3,337

-957

-778

3,464

Proceeds from Federal Home Loan Bank advances and other borrowings

100,000

-284,561

25,000

70,082

50,094

-382,391

33,660

62,040

65,000

43,600

16,536

79,207

60

13,500

38,000

-17,900

18,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

0

0

-12,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments on Federal Home Loan Bank advances and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,435

-

-

-

-

-

-

-

-

Net payments on Federal Home Loan Bank advances and other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

435

5,000

435

-

5,435

5,000

1,235

Payment of dividends on preferred stock

-

-

-

-

-

-

-

-

-

0

0

0

195

0

270

270

212

30

30

30

30

30

-660

375

375

375

375

375

308

-

-

-

-

-

-

-

-

Repayment of Federal Home Loan Bank advances and other borrowings

0

-284,540

15,000

63,227

52,732

-358,354

80,376

24,000

78,600

10,886

10,536

79,267

18,505

38,043

5,042

2,133

22,062

-12,651

20,651

0

12,000

-

-

1,740

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

702

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

173

124

36

14

264

0

448

129

950

11

248

75

37,516

110

558

57

77

1,026

3,016

0

0

-10

-145

0

191

0

0

0

77

0

0

0

0

-

-

-

-

Purchase of common stock

1,992

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-187

-

-211

-92

0

Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,628

1,140

556

532

2,585

2,746

952

851

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,657

15,526

-10,889

17,142

12,834

14,275

-5,428

-2,073

37,735

-9,437

-3,924

2,748

-6,216

3,677

-12,081

-

-

-

-

-

-

-

-

Net cash provided by financing activities

119,617

50,283

-8,317

25,988

65,106

-175

-18,489

55,291

40,218

54,478

-11,603

64,856

-13,958

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,744

3,082

-6,262

-

-16,226

-7,483

5,120

Net change in cash and cash equivalents

125,118

13,037

-28,600

66,540

17,172

-14,282

-40,129

73,522

-16,316

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

28,928

1,263

27,287

-13,200

10,161

-13,150

2,804

-11,031

-9,968

46,122

2,565

-5,491

-4,763

-22,124

-2,875

-2,934

3,596

-7,445

-7,200

-23,494

24,563

-2,047

1,994

-3,997

5,948

3,030

-11,526

18,448

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

4,643

6,426

5,758

6,795

5,198

4,746

4,029

3,428

2,545

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

1,247

1,126

1,105

1,126

1,062

1,012

885

707

515

502

512

72

731

718

790

862

917

990

1,096

1,150

1,213

1,314

1,385

1,599

1,722

1,721

Cash paid during the period for income taxes

0

3,130

1,005

2,630

0

-

-

-

-

736

1,429

1,366

0

2,184

844

726

0

1,171

-808

1,114

500

2,318

1,489

0

80

352

755

0

0

22

30

0

913

44

0

0

0

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

-

-

-

-

-

-

-907

-4,165

1,817

1,016

204

-706

-516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized losses on securities available for sale

-

-

-

-

-

-

-907

-4,165

1,817

1,016

204

-706

-516

2,351

-282

-103

-912

-608

885

-1,016

819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate through foreclosure

676

222

14

348

55

1,289

800

2,215

135

3

545

0

39

0

135

1,296

0

-841

1,688

0

17

644

-1,316

1,220

95

67

0

450

1,154

1,131

1,278

4,151

1,969

-8,136

-29

2,063

7,774

Financed sales of other real estate owned

-

-

-

-

-

1,344

0

-0

257

0

0

0

0

28

2,166

1,120

0

-106

1,005

0

0

0

-433

340

93

0

2,610

1,193

136

-

-

-

-

-

-

-

-

Change in goodwill due to acquisitions

8,302

-

-

0

0

-

-

15,728

10

38,707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease right-of-use assets

222

3,737

0

0

2,344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

222

-

0

0

2,344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-