Summit Financial Group, Inc. SMMF Cash Flow

Summit financial group, inc. (SMMF)

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
4,506	8,148	8,062	8,564	7,092	7,450	6,899	6,280	7,443	2,323	5,930	5,278	-1,616	4,711	4,281	4,243	4,062	4,146	3,662	4,009	4,285	3,198	3,336	2,433	2,389	2,786	2,272	1,217	1,793	2,105	997	913	1,698	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	905	-248
Depreciation
726	693	679	641	601	559	551	531	527	526	513	496	355	340	297	292	295	286	267	263	260	260	267	270	277	283	291	289	298	297	313	337	339	337	347	347	362
Provision for credit losses
5,250	500	500	300	250	500	500	750	500	375	375	250	250	0	0	250	250	250	250	500	250	0	250	1,000	1,000	1,000	1,000	1,000	1,500	2,498	2,000	2,001	2,001	1,999	2,001	3,000	3,000
Share-based compensation expense
162	160	149	149	132	99	99	99	94	100	101	100	84	50	50	50	50	50	51	50	0	-	-	-	-	1	0	0	1	0	1	0	1	1	1	1	7
Deferred income tax benefit
-267	439	-100	77	-313	-185	29	-38	-155	4,440	-207	3,651	-3,808	-122	-76	-57	-102	93	-263	279	81	772	-262	638	-144	538	888	520	-160	670	-586	102	-688	-1,021	-522	-210	-1,630
Loans originated for sale
6,444	8,808	6,867	2,897	3,946	4,742	3,433	3,642	4,122	4,943	3,357	5,705	2,243	3,525	3,341	1,395	2,332	1,765	1,580	881	536	804	899	836	124	791	3,339	3,400	1,224	2,795	588	1,991	2,884	2,449	2,060	2,203	2,715
Proceeds from sale of loans
7,227	8,712	6,212	3,100	3,980	4,777	3,282	3,791	3,984	5,255	4,272	4,941	2,279	3,424	3,656	1,844	2,501	1,165	1,497	966	978	596	993	423	445	1,073	3,817	2,468	1,302	2,781	998	2,495	1,758	2,743	2,171	2,200	2,656
Gain (Loss) on Sales of Loans, Net
111	135	119	84	67	87	62	63	83	92	82	117	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized securities (gains) losses, net
1,038	403	453	1,085	-3	-206	9	87	732	-72	26	90	-58	291	61	382	393	421	373	170	480	149	128	-42	-22	124	132	-58	42	103	760	320	1,165	-	-	-	-
Gain (Loss) on Disposition of Assets
67	-	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) on loans sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Securities (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,517	318	1,628
Other-than-temporary impairment of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	38	26	54	76	40	106	229	401	484	533	1,228
Loss on disposal of assets
-	-	-	-	-	-72	-18	-56	72	40	13	-76	156	466	168	306	6	314	-35	-103	-152	-616	-70	-54	-75	34	17	-512	-40	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77	-	130	76	71
Write-downs of foreclosed properties
945	497	133	1,196	249	318	38	163	257	347	91	29	418	165	134	260	109	636	1,047	160	572	300	1,580	963	928	644	655	1,494	929	748	2,571	1,631	1,912	881	1,638	689	3,443
Amortization of securities premiums, net
-558	-437	-536	-635	-655	-714	-826	-882	-990	-1,065	-1,071	-1,095	-959	-996	-1,119	-1,092	-1,118	-1,179	-1,349	-1,351	-1,252	-1,348	-1,414	-1,303	-1,214	-1,334	-1,696	-1,634	-1,368	-1,441	-1,299	-1,024	-858	-700	-639	-443	-373
Amortization (accretion) related to acquisitions, net
350	156	210	556	76	187	83	106	204	181	297	428	145	53	-3	-3	-3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangibles
429	401	403	421	476	410	413	412	436	436	448	429	97	97	50	50	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings on cash surrender value of bank owned life insurance
179	318	240	262	328	178	276	265	309	282	-113	269	269	287	258	258	256	251	259	261	261	282	267	269	270	354	230	237	237	-	-	-	-	-	-	-	131
Amortization of intangibles, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	53	53	-	54	64	91	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of goodwill and purchase accounting adjustments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	91	90	91	91	90	91	91	91	91	90	91
Decrease in accrued interest receivable
-205	-265	-205	82	-311	77	205	79	17	350	409	486	-143	329	118	122	-315	250	-178	-91	-274	370	-216	274	-259	305	-354	175	-78	268	-162	247	-516	389	-347	-54	-82
(Increase) in cash surrender value of bank owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	-	-	-	-
(Increase) decrease in other assets
1,247	88	-232	80	-69	435	-530	532	-117	1,140	-2,179	-209	580	132	-314	349	727	513	-283	101	746	-697	260	416	76	-140	-1,345	-72	-937	1,318	-273	429	815	867	-1,342	1,185	842
(Decrease) increase in other liabilities
-1,003	1,543	1,703	-908	2,140	1,212	814	-685	2,043	731	1,413	-12,581	10,947	2,154	1,947	-2,576	1,302	418	535	-1,716	1,420	981	152	-640	1,028	1,608	181	-1,048	119	-1,119	354	-1,416	922	907	321	1	-665
Net cash provided by operating activities
9,302	11,438	10,883	7,380	11,226	10,426	9,931	7,467	10,697	8,639	12,115	-3,122	6,741	6,657	7,760	2,554	6,239	4,666	6,732	4,696	7,554	7,217	6,515	4,756	7,114	7,890	8,910	4,520	6,847	5,710	6,891	4,570	4,575	4,004	6,817	4,099	3,312
Cash Flows from Investing Activities
Proceeds from maturities and calls of securities available for sale
2,200	105	321	345	1,100	95	0	995	55	90	600	1,410	600	2,605	575	0	55	300	1,128	250	365	450	600	950	2,051	1,411	200	250	808	-	-	-	-	-	-	-	-
Proceeds from Sale of Debt Securities, Available-for-sale
74,750	9,249	19,003	34,395	79,776	15,511	22,813	29,968	39,267	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (purchase of) interest bearing deposits with other banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,447	21,791	-752
Proceeds from maturities and calls of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	803	-	44	4,052	2,889
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	20,169	108,022	3,154	-	11,589	18,265	33,787	15,552	13,487	13,758	26,835	19,887	24,797	18,073	18,157	13,152	11,799	17,496	11,893	7,489	12,769	26,166	25,632	34,124	40,636	43,934	13,256
Principal payments received on securities available for sale
6,374	4,369	4,679	9,138	4,684	5,044	6,377	6,703	6,690	7,553	7,994	8,669	7,686	8,185	9,750	9,776	8,170	7,618	10,504	11,759	8,621	8,500	9,226	7,882	8,782	11,529	17,882	17,056	15,712	18,793	17,641	15,442	14,501	14,285	14,178	11,896	17,311
Payments to Acquire Debt Securities, Available-for-sale
22,321	26,837	17,444	14,221	31,839	23,860	37,686	25,418	18,825	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of securities available for sale
-	-	-	-	-	-	-	-	-	-	21,116	69,589	27,641	-	24,879	16,298	32,418	33,833	20,520	24,158	35,166	29,873	29,455	31,988	20,122	26,312	32,266	47,554	31,623	21,183	33,830	40,551	45,733	44,085	48,454	66,365	55,226
Purchases of other investments
5,001	6,193	5,105	5,582	1,348	4,628	3,984	3,173	2,765	5,488	2,237	6,935	3,944	2,884	5,858	4,382	5,149	3,469	456	3,336	2,736	1,470	461	1,276	692	419	2,541	0	0	-	-	-	-	-	-	-	-
Proceeds from redemptions of other investments
-6,397	-7,080	-5,190	-3,812	-5,330	-2,052	-2,268	-3,019	-4,378	-2,658	-3,444	-6,272	-3,558	-3,124	-4,695	-2,248	-3,999	-1,536	-2,023	-2,001	-1,671	-2,681	-504	-450	-1,897	-609	-1,304	-2,944	-1,674	-1,715	-1,407	-836	-805	-882	-923	-1,005	-986
Net loan originations
52,787	62,722	33,260	80,338	5,295	49,382	16,607	-12,654	38,854	35,005	21,490	19,280	-14,671	13,972	69,936	69,944	16,864	17,477	-490	25,550	20,822	26,895	1,372	31,774	27,942	7,854	14,249	-17,295	11,417	1,830	-5,120	-3,565	-5,051	6,442	279	-2,734	-11,225
Purchases of premises and equipment
2,971	1,980	1,375	5,155	708	1,257	1,422	994	1,872	513	1,497	1,180	2,995	658	766	121	312	1,401	233	545	409	190	97	114	110	149	135	201	192	173	108	50	12	86	94	150	54
Proceeds from Sale of Property, Plant, and Equipment
9	849	8	0	3	30	0	3	9	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Improvements to property held for sale
-585	-424	-55	-32	-1	-186	-323	-694	-101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of repossessed assets & property held for sale
780	2,482	386	1,952	451	642	498	581	644	1,420	1,088	2,143	1,232	1,509	686	1,671	1,302	4,240	2,502	2,887	3,595	9,191	565	3,332	1,514	315	1,477	6,881	1,981	2,375	1,877	3,878	1,243	1,660	6,747	3,072	1,855
Cash Acquired from Acquisition
46,034	0	0	0	20,589	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
52,879	-74,091	-27,652	-48,569	72,742	-55,939	-28,066	23,644	-11,374	-37,623	-13,314	68,585	-3,679	11,765	-74,144	-58,742	-7,430	-26,934	8,925	-22,934	-18,046	-17,710	4,307	-34,465	-16,465	-7,692	-20,886	13,535	-11,164	9,748	6,196	11,219	2,290	-5,190	-747	12,969	-8,510
Cash Flows from Financing Activities
Net increase in demand deposit, NOW and savings accounts
4,952	159,051	25,201	-5,375	25,880	-9,828	27,262	-1,312	27,160	9,860	-3,533	-26,915	20,636	23,632	23,661	12,774	18,395	6,239	32,150	-8,196	-1,706	17,531	18,192	13,115	51,336	-6,235	3,636	3,421	2,702	-2,272	6,061	-7,276	16,877	-1,329	8,564	-3,807	50,571
Net (decrease) increase in time deposits
-46,443	-78,030	9,667	13,922	16,032	-6,368	-16,146	-13,163	26,824	-25,956	6,458	-10,853	-14,910	8,332	36,577	-10,773	9,439	-11,623	-13,371	3,182	-1,313	-10,670	-21,534	-7,950	-2,518	-6,688	-25,064	-31,575	36,490	2,092	19,575	-2,193	-22,238	-29,480	-7,349	-12,218	-25,391
Net decrease in short-term borrowings
-37,599	-7,349	-18,649	39,050	-122,791	70,681	35,975	8,916	-56,987	47,511	-2,739	-30,450	4,407	-10,195	29,105	52,103	-17,945	26,103	-29,308	25,614	25,352	-3,798	35,703	22,755	6,205	8,605	37,401	10,802	2,002	-17,000	10,001	-5,000	1	15,000	-1,091	168	296
Proceeds from long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,454	-	-	-	-	-	-	-	-
Repayment of long-term borrowings
6	5	4	5	4	4	20,004	25,004	4	3	5	455	455	27,476	479	478	478	478	477	477	477	977	43,476	1,550	40,024	23	26	23	43,179	476	49,891	13,486	3,133	1,777	10,600	1,727	20,593
Repayments of Subordinated Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,500	2,500	11,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of issuance costs
-36	61	58	60	-20	58	53	63	63	53	47	-125	35	26	28	27	20	68	-37	2,443	2,298	7,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
1,282	0	1,453	6,076	2,876	1,689	0	0	0	-	-	-	-	-	-	-	-	0	0	0	1,080	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of stock options
-	-	-	-	-	93	25	0	4	291	0	0	12	447	0	0	0	-	-	-	-	56	0	0	15	16	19	0	61	-	-	-	-	-	-	-	-
Dividends paid on common stock
2,201	1,857	1,856	1,873	1,775	1,724	1,607	1,607	1,607	1,355	1,351	1,350	1,182	1,071	1,067	1,067	1,067	894	837	853	814	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	191	194	193	193	194	194	194	194	194	194	194	194	149	74	75	74	74
Net cash used in financing activities
-82,615	71,871	12,964	39,710	-85,554	51,219	25,558	-32,107	-4,547	30,401	-1,123	-70,148	8,543	-6,305	87,825	52,586	8,364	19,466	-16,630	19,213	10,269	9,770	-11,308	26,177	14,820	-4,519	15,772	-17,569	1,336	-17,850	-14,448	-28,149	-8,642	-15,414	-6,989	-16,816	4,809
Decrease in cash and cash equivalents
-20,434	-	-	-	-1,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash and cash equivalents
-	-	-	-	-	5,706	7,423	-996	-5,224	1,417	-2,322	-4,685	11,605	12,117	21,441	-3,602	7,173	-2,802	-973	975	-223	-723	-486	-3,532	5,469	-4,321	3,796	486	-2,981	-2,392	-1,361	-12,360	-1,777	-16,600	-919	252	-389
Supplemental Disclosures of Cash Flow Information
Cash payments for:
Interest Paid, Excluding Capitalized Interest, Operating Activities
6,338	-	-	-	7,134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
-	-	-	-	-	-	-	6,139	5,574	-	4,667	4,341	4,047	4,286	3,890	3,565	3,434	3,161	3,237	3,214	3,242	3,510	4,058	4,022	4,272	4,394	4,645	4,834	5,047	5,410	5,991	6,400	6,944	7,655	7,817	7,992	8,311
Income taxes
0	1,770	2,235	3,845	0	1,865	1,608	4,066	0	2,439	936	2,266	355	2,254	1,954	3,814	0	2,095	1,713	3,504	128	398	986	1,459	0	20	17	1,081	0	808	0	1,675	159	-	-	-	-
Supplemental Disclosures of Noncash Investing and Financing Activities
Real property and other assets acquired in settlement of loans
175	540	123	246	3,691	280	636	265	641	141	101	75	113	341	1,881	172	0	218	1,691	-1	714	401	590	673	1,297	8,952	60	1,468	1,343	3,097	241	3,938	1,087	3,275	5,057	2,525	1,707
Noncash or Part Noncash Acquisition, Other Assets Acquired
135,130	-	0	0	100,377	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Other Liabilities Assumed
176,545	-	0	0	114,151	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-