Summit financial group, inc. (SMMF)
CashFlow / TTM
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

29,280

31,866

31,168

30,005

27,721

28,072

22,945

21,976

20,974

11,915

14,303

12,654

11,619

17,297

16,732

16,113

15,879

16,102

15,154

14,828

13,252

11,356

10,944

9,880

8,664

8,068

7,387

6,112

5,808

5,713

0

0

0

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Depreciation

2,739

2,614

2,480

2,352

2,242

2,168

2,135

2,097

2,062

1,890

1,704

1,488

1,284

1,224

1,170

1,140

1,111

1,076

1,050

1,050

1,057

1,074

1,097

1,121

1,140

1,161

1,175

1,197

1,245

1,286

1,326

1,360

1,370

1,393

0

0

0

Provision for credit losses

6,550

1,550

1,550

1,550

2,000

2,250

2,125

2,000

1,500

1,250

875

500

500

500

750

1,000

1,250

1,250

1,000

1,000

1,500

2,250

3,250

4,000

4,000

4,500

5,998

6,998

7,999

8,500

8,001

8,002

9,001

10,000

0

0

0

Share-based compensation expense

620

590

529

479

429

391

392

394

395

385

335

284

234

200

200

201

201

151

0

0

0

-

-

-

-

2

1

2

2

2

3

3

4

10

0

0

0

Deferred income tax benefit

149

103

-521

-392

-507

-349

4,276

4,040

7,729

4,076

-486

-355

-4,063

-357

-142

-329

7

190

869

870

1,229

1,004

770

1,920

1,802

1,786

1,918

444

26

-502

-2,193

-2,129

-2,441

-3,383

0

0

0

Loans originated for sale

25,016

22,518

18,452

15,018

15,763

15,939

16,140

16,064

18,127

16,248

14,830

14,814

10,504

10,593

8,833

7,072

6,558

4,762

3,801

3,120

3,075

2,663

2,650

5,090

7,654

8,754

10,758

8,007

6,598

8,258

7,912

9,384

9,596

9,427

0

0

0

Proceeds from sale of loans

25,251

22,004

18,069

15,139

15,830

15,834

16,312

17,302

18,452

16,747

14,916

14,300

11,203

11,425

9,166

7,007

6,129

4,606

4,037

3,533

2,990

2,457

2,934

5,758

7,803

8,660

10,368

7,549

7,576

8,032

7,994

9,167

8,872

9,770

0

0

0

Gain (Loss) on Sales of Loans, Net

449

405

357

300

279

295

300

320

374

323

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized securities (gains) losses, net

2,979

1,938

1,329

885

-113

622

756

773

776

-14

349

384

676

1,127

1,257

1,569

1,357

1,444

1,172

927

715

213

188

192

176

240

219

847

1,225

2,348

0

0

0

-

-

-

-

Gain (Loss) on Disposition of Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) on loans sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Securities (gains)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other-than-temporary impairment of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

194

196

276

451

776

1,220

1,647

2,646

0

0

0

Loss on disposal of assets

-

-

-

-

-

-74

38

69

49

133

559

714

1,096

946

794

591

182

24

-906

-941

-892

-815

-165

-78

-536

-501

0

0

0

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Write-downs of foreclosed properties

2,771

2,075

1,896

1,801

768

776

805

858

724

885

703

746

977

668

1,139

2,052

1,952

2,415

2,079

2,612

3,415

3,771

4,115

3,190

3,721

3,722

3,826

5,742

5,879

6,862

6,995

6,062

5,120

6,651

0

0

0

Amortization of securities premiums, net

-2,166

-2,263

-2,540

-2,830

-3,077

-3,412

-3,763

-4,008

-4,221

-4,190

-4,121

-4,169

-4,166

-4,325

-4,508

-4,738

-4,997

-5,131

-5,300

-5,365

-5,317

-5,279

-5,265

-5,547

-5,878

-6,032

-6,139

-5,742

-5,132

-4,622

-3,881

-3,221

-2,640

-2,155

0

0

0

Amortization (accretion) related to acquisitions, net

1,272

998

1,029

902

452

580

574

788

1,110

1,051

923

623

192

44

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

1,654

1,701

1,710

1,720

1,711

1,671

1,697

1,732

1,749

1,410

1,071

673

294

247

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings on cash surrender value of bank owned life insurance

999

1,148

1,008

1,044

1,047

1,028

1,132

743

747

707

712

1,083

1,072

1,059

1,023

1,024

1,027

1,032

1,063

1,071

1,079

1,088

1,160

1,123

1,091

1,058

0

0

0

-

-

-

-

-

-

-

0

Amortization of intangibles, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of goodwill and purchase accounting adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

363

363

362

363

363

363

364

363

363

0

0

0

Decrease in accrued interest receivable

-593

-699

-357

53

50

378

651

855

1,262

1,102

1,081

790

426

254

175

-121

-334

-293

-173

-211

154

169

104

-34

-133

48

11

203

275

-163

-42

-227

-528

-94

0

0

0

(Increase) in cash surrender value of bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

(Increase) decrease in other assets

1,183

-133

214

-84

368

320

1,025

-624

-1,365

-668

-1,676

189

747

894

1,275

1,306

1,058

1,077

-133

410

725

55

612

-993

-1,481

-2,494

-1,036

36

537

2,289

1,838

769

1,525

1,552

0

0

0

(Decrease) increase in other liabilities

1,335

4,478

4,147

3,258

3,481

3,384

2,903

3,502

-8,394

510

1,933

2,467

12,472

2,827

1,091

-321

539

657

1,220

837

1,913

1,521

2,148

2,177

1,769

860

-1,867

-1,694

-2,062

-1,259

767

734

2,151

564

0

0

0

Net cash provided by operating activities

39,003

40,927

39,915

38,963

39,050

38,521

36,734

38,918

28,329

24,373

22,391

18,036

23,712

23,210

21,219

20,191

22,333

23,648

26,199

25,982

26,042

25,602

26,275

28,670

28,434

28,167

25,987

23,968

24,018

21,746

20,040

19,966

19,495

18,232

0

0

0

Cash Flows from Investing Activities
Proceeds from maturities and calls of securities available for sale

2,971

1,871

1,861

1,540

2,190

1,145

1,140

1,740

2,155

2,700

5,215

5,190

3,780

3,235

930

1,483

1,733

2,043

2,193

1,665

2,365

4,051

5,012

4,612

3,912

2,669

0

0

0

-

-

-

-

-

-

-

-

Proceeds from Sale of Debt Securities, Available-for-sale

137,397

142,423

148,685

152,495

148,068

107,559

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (purchase of) interest bearing deposits with other banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from maturities and calls of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Proceeds from sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

0

0

41,820

-

79,193

81,091

76,584

69,632

73,967

85,277

89,592

80,914

74,179

61,181

60,604

54,340

48,677

49,647

58,317

72,056

98,691

126,558

144,326

131,950

0

0

0

Principal payments received on securities available for sale

24,560

22,870

23,545

25,243

22,808

24,814

27,323

28,940

30,906

31,902

32,534

34,290

35,397

35,881

35,314

36,068

38,051

38,502

39,384

38,106

34,229

34,390

37,419

46,075

55,249

62,179

69,443

69,202

67,588

66,377

61,869

58,406

54,860

57,670

0

0

0

Payments to Acquire Debt Securities, Available-for-sale

80,823

90,341

87,364

107,606

118,803

105,789

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

-

-

-

-

-

-

0

0

94,720

-

107,428

103,069

110,929

113,677

109,717

118,652

126,482

111,438

107,877

110,688

126,254

137,755

132,626

134,190

127,187

141,297

164,199

178,823

204,637

214,130

0

0

0

Purchases of other investments

21,881

18,228

16,663

15,542

13,133

14,550

15,410

13,663

17,425

18,604

16,000

19,621

17,068

18,273

18,858

13,456

12,410

9,997

7,998

8,003

5,943

3,899

2,848

4,928

3,652

2,960

0

0

0

-

-

-

-

-

-

-

-

Proceeds from redemptions of other investments

-22,479

-21,412

-16,384

-13,462

-12,669

-11,717

-12,323

-13,499

-16,752

-15,932

-16,398

-17,649

-13,625

-14,066

-12,478

-9,806

-9,559

-7,231

-8,376

-6,857

-5,306

-5,532

-3,460

-4,260

-6,754

-6,531

-7,637

-7,740

-5,632

-4,763

-3,930

-3,446

-3,615

-3,796

0

0

0

Net loan originations

229,107

181,615

168,275

151,622

58,630

92,189

77,812

82,695

114,629

61,104

40,071

88,517

139,181

170,716

174,221

103,795

59,401

63,359

72,777

74,639

80,863

87,983

68,942

81,819

32,750

16,225

10,201

-9,168

4,562

-11,906

-7,294

-1,895

-1,064

-7,238

0

0

0

Purchases of premises and equipment

11,481

9,218

8,495

8,542

4,381

5,545

4,801

4,876

5,062

6,185

6,330

5,599

4,540

1,857

2,600

2,067

2,491

2,588

1,377

1,241

810

511

470

508

595

677

701

674

523

343

256

242

342

384

0

0

0

Proceeds from Sale of Property, Plant, and Equipment

866

860

41

33

36

42

12

12

9

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Improvements to property held for sale

-1,096

-512

-274

-542

-1,204

-1,304

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of repossessed assets & property held for sale

5,600

5,271

3,431

3,543

2,172

2,365

3,143

3,733

5,295

5,883

5,972

5,570

5,098

5,168

7,899

9,715

10,931

13,224

18,175

16,238

16,683

14,602

5,726

6,638

10,187

10,654

12,714

13,114

10,111

9,373

8,658

13,528

12,722

13,334

0

0

0

Cash Acquired from Acquisition

46,034

20,589

20,589

20,589

20,589

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-97,433

-77,570

-59,418

-59,832

12,381

-71,735

-53,419

-38,667

6,274

13,969

63,357

2,527

-124,800

-128,551

-167,250

-84,181

-48,373

-58,989

-49,765

-54,383

-65,914

-64,333

-54,315

-79,508

-31,508

-26,207

-8,767

18,315

15,999

29,453

14,515

7,572

9,322

-1,478

0

0

0

Cash Flows from Financing Activities
Net increase in demand deposit, NOW and savings accounts

183,829

204,757

35,878

37,939

42,002

43,282

62,970

32,175

6,572

48

13,820

41,014

80,703

78,462

61,069

69,558

48,588

28,487

39,779

25,821

47,132

100,174

76,408

61,852

52,158

3,524

7,487

9,912

-785

13,390

14,333

16,836

20,305

53,999

0

0

0

Net (decrease) increase in time deposits

-100,884

-38,409

33,253

7,440

-19,645

-8,853

-28,441

-5,837

-3,527

-45,261

-10,973

19,146

19,226

43,575

23,620

-26,328

-12,373

-23,125

-22,172

-30,335

-41,467

-42,672

-38,690

-42,220

-65,845

-26,837

-18,057

26,582

55,964

-2,764

-34,336

-61,260

-71,285

-74,438

0

0

0

Net decrease in short-term borrowings

-24,547

-109,739

-31,709

22,915

-7,219

58,585

35,415

-3,299

-42,665

18,729

-38,977

-7,133

75,420

53,068

89,366

30,953

4,464

47,761

17,860

82,871

80,012

60,865

73,268

74,966

63,013

58,810

33,205

5,805

-9,997

-11,998

20,002

8,910

14,078

14,373

0

0

0

Proceeds from long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,454

0

0

0

-

-

-

-

-

-

-

-

Repayment of long-term borrowings

20

18

17

20,017

45,016

45,016

45,015

25,016

467

918

28,391

28,865

28,888

28,911

1,913

1,911

1,910

1,909

2,408

45,407

46,480

86,027

85,073

41,623

40,096

43,251

43,704

93,569

107,032

66,986

68,287

28,996

17,237

34,697

0

0

0

Repayments of Subordinated Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,800

16,800

14,300

11,800

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

143

159

156

151

154

237

232

226

38

10

-17

-36

116

101

143

78

2,494

4,772

12,526

12,563

10,120

7,822

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

8,811

10,405

12,094

10,641

4,565

1,689

0

0

0

-

-

-

-

-

-

-

-

1,080

1,080

1,080

1,080

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

122

320

295

295

303

459

459

459

447

0

0

0

-

-

-

-

71

31

50

50

96

0

0

0

-

-

-

-

-

-

-

-

Dividends paid on common stock

7,787

7,361

7,228

6,979

6,713

6,545

6,176

5,920

5,663

5,238

4,954

4,670

4,387

4,272

4,095

3,865

3,651

3,398

2,504

1,667

814

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191

385

578

771

774

774

775

776

776

776

776

776

731

611

492

372

297

0

0

0

Net cash used in financing activities

41,930

38,991

18,339

30,933

-40,884

40,123

19,305

-7,376

-45,417

-32,327

-69,033

19,915

142,649

142,470

168,241

63,786

30,413

32,318

22,622

27,944

34,908

39,459

25,170

52,250

8,504

-4,980

-18,311

-48,531

-59,111

-69,089

-66,653

-59,194

-47,861

-34,410

0

0

0

Decrease in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

-

-

-

-

-

6,909

2,620

-7,125

-10,814

6,015

16,715

40,478

41,561

37,129

22,210

-204

4,373

-3,023

-944

-457

-4,964

728

-2,870

1,412

5,430

-3,020

-1,091

-6,248

-19,094

-17,890

-32,098

-31,656

-19,044

-17,656

0

0

0

Supplemental Disclosures of Cash Flow Information
Cash payments for:
Interest Paid, Excluding Capitalized Interest, Operating Activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

0

19,728

-

17,341

16,564

15,788

15,175

14,050

13,397

13,046

12,854

13,203

14,024

14,832

15,862

16,746

17,333

18,145

18,920

19,936

21,282

22,848

24,745

26,990

28,816

30,408

31,775

0

0

0

Income taxes

7,850

7,850

7,945

7,318

7,539

7,539

8,113

7,441

5,641

5,996

5,811

6,829

8,377

8,022

7,863

7,622

7,312

7,440

5,743

5,016

2,971

2,843

2,465

1,496

1,118

1,118

1,906

1,889

2,483

2,642

0

0

0

-

-

-

-

Supplemental Disclosures of Noncash Investing and Financing Activities
Real property and other assets acquired in settlement of loans

1,084

4,600

4,340

4,853

4,872

1,822

1,683

1,148

958

430

630

2,410

2,507

2,394

2,271

2,081

1,908

2,622

2,805

1,704

2,378

2,961

11,512

10,982

11,777

11,823

5,968

6,149

8,619

8,363

8,541

13,357

11,944

12,564

0

0

0

Noncash or Part Noncash Acquisition, Other Assets Acquired

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Other Liabilities Assumed

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-