Southern national bancorp of virginia inc (SONA)
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
Operating activities:
Net income

27,174

33,167

31,907

31,904

31,452

33,691

24,826

20,339

8,630

2,425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,850

-

8,912

8,539

7,845

7,483

6,918

6,591

6,374

6,258

6,165

5,592

6,252

6,569

5,521

5,722

4,954

4,401

0

0

0

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

5,255

5,632

6,403

7,082

8,303

7,403

8,871

7,933

5,289

4,627

1,467

809

769

798

821

840

857

876

883

864

819

764

719

687

670

665

656

631

611

591

577

576

561

540

0

0

0

Amortization of operating lease right-of-use assets

2,998

2,546

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other amortization, net

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

149

162

178

130

186

212

214

286

344

379

400

375

314

244

170

114

33

0

0

0

Accretion of loan discount

3,640

3,859

3,550

3,869

4,138

4,534

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of loan discount

-

-

-

-

-

-

-

-

-

-

0

0

-1,721

-

-2,034

-2,091

-2,300

-2,510

-2,252

-2,554

-2,622

-2,616

-3,087

-3,404

-3,438

-3,507

0

0

0

-

-

-

-

-

-

-

-

Amortization of FDIC indemnification asset

-

649

708

708

708

704

699

695

694

712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of core deposit intangible

1,396

1,418

1,439

1,447

1,446

1,445

1,445

1,445

1,158

845

534

218

206

219

233

255

258

261

265

260

240

220

250

311

389

467

567

681

786

893

923

917

919

919

0

0

0

Accretion of loan discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,997

3,887

3,774

3,272

0

0

0

Amortization of FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

520

649

795

651

0

0

0

-

-

-

-

Increase (decrease) in FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for loan losses

3,600

350

850

1,750

2,800

4,200

5,475

9,675

9,675

8,625

7,700

4,500

4,837

4,912

4,358

3,158

3,271

3,171

3,975

4,100

2,794

3,444

2,944

3,166

3,697

3,615

4,605

5,238

5,838

6,195

7,957

7,677

8,602

8,492

0

0

0

Earnings on bank-owned life insurance

1,428

1,565

1,820

1,835

1,849

1,633

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings on bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

0

689

-

696

681

660

636

626

624

627

617

602

592

583

592

593

594

793

797

789

769

1,354

1,336

0

0

0

Equity (gain) loss on mortgage affiliate

1,404

1,191

479

-192

-559

-894

-93

-104

-183

-345

-722

110

550

1,109

1,570

1,313

1,555

1,459

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,732

432

305

378

309

280

393

319

266

251

247

225

241

260

277

298

325

331

336

335

325

317

312

309

297

284

254

224

209

195

193

191

191

167

0

0

0

Net gain on sale of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

657

1,052

1,052

1,052

395

0

0

0

Impairment on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

717

933

496

299

329

0

0

0

Impairment on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

(Gain) loss on other real estate owned

-35

38

-261

-162

-158

-360

-368

-361

-667

-520

-313

-410

-107

-174

-5

-111

-91

-291

-360

-69

-306

433

41

545

663

188

324

-350

-2,489

-2,632

-2,526

-2,550

-457

-297

0

0

0

Net (increase) decrease in other assets

-2,681

2,203

4,408

5,227

5,560

-213

-4,811

-7,589

-6,702

-6,069

-6,855

-4,354

-5,193

-2,924

6,722

3,210

2,189

385

-4,572

-1,636

-1,295

-1,161

1,394

356

530

365

-3,786

-1,486

-1,160

-1,069

-704

-2,508

-2,058

-1,661

0

0

0

Net increase (decrease) in other liabilities

-3,396

1,558

3,208

2,622

3,668

-2,909

-3,243

-5,366

-4,259

-3,687

-2,854

141

3,223

1,321

4,186

1,909

760

599

158

307

1,708

1,281

36

-599

-943

-1,581

1,216

1,672

1,303

2,372

867

789

580

1,017

0

0

0

Net cash and cash equivalents provided by operating activities

35,365

36,764

37,210

36,880

38,728

41,440

43,948

44,224

32,476

24,587

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash and cash equivalents provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11,195

-

15,230

12,208

12,513

11,485

6,873

6,275

6,151

5,846

11,495

11,017

10,391

10,837

10,916

13,030

12,858

13,154

0

0

0

Investing activities:
Proceeds from sales of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159

0

0

0

-

-

-

-

-

-

-

-

Purchases of held to maturity investment securities

0

-

-

-

-

-

-

-

-

9,950

9,950

30,942

45,011

46,055

0

0

0

-

-

-

-

18,284

15,664

9,099

13,525

14,766

18,624

41,034

35,930

34,689

0

0

0

-

0

0

0

Purchases of available for sale investment securities

39,787

45,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from paydowns, maturities and calls of available for sale investment securities

32,018

26,283

21,438

14,708

14,118

14,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,318

1,770

1,672

1,660

1,215

0

0

0

Proceeds from paydowns, maturities and calls of held to maturity investment securities

61,499

35,006

24,939

8,920

6,543

5,955

5,986

6,394

6,023

11,037

11,398

35,084

54,767

57,622

59,757

36,885

20,612

13,607

11,781

9,708

7,305

6,571

6,397

7,528

9,245

16,278

18,151

19,266

18,471

12,627

12,252

10,230

8,934

9,911

0

0

0

Net (increase) decrease of FRB and FHLB stock

-2,969

1,690

8,268

8,655

8,374

7,253

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (increase) decrease in loans

55,757

7,059

-21,659

15,221

48,585

113,845

150,571

132,514

103,514

104,009

68,944

93,909

111,488

108,760

128,210

145,214

143,308

127,334

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations and payments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

3,067

14,501

38,963

17,301

-8,832

-21,241

-45,948

-49,184

0

0

0

Purchase of bank-owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank-owned life insurance death benefit

-

344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of other real estate owned, net of improvements

453

214

306

357

2,126

2,140

0

0

0

-

-

-

-

1,790

2,306

4,609

4,257

4,048

3,155

1,333

646

3,276

3,314

4,033

4,952

4,187

4,231

2,937

2,968

1,466

2,358

2,411

2,198

2,075

0

0

0

Net (increase) decrease in stock in Federal Reserve Bank and Federal Home Loan Bank

-

-

-

-

-

-

-

-

-

-

9,838

-536

1,328

1,000

1,669

1,478

1,922

1,248

-296

-869

781

-327

798

1,668

-222

-297

0

0

0

-

-

-

-

-

-

-

-

Payments received on FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

3

22

36

402

1,037

1,019

1,850

1,638

1,017

1,196

417

350

335

210

145

161

855

0

0

0

Proceeds from sales of bank premise and equipment and assets held for sale

-

-

-

-

-

2,136

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of bank premises and equipment

1,477

1,101

432

241

357

1,973

2,720

2,891

3,013

1,425

773

389

108

143

147

204

248

307

513

823

914

897

897

643

530

437

440

785

776

793

645

309

541

522

0

0

0

Proceeds from sale of SBA loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,965

9,965

9,965

4,252

0

0

0

Net cash and cash equivalents provided by (used in) investing activities

-36,492

-5,018

31,910

-5,788

-42,472

-93,696

-118,352

-116,101

-51,897

-62,006

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash and cash equivalents used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-147,408

-

-132,609

-91,893

-114,046

-89,755

-65,651

-72,158

-33,970

-11,811

6,381

2,814

100,315

77,583

104,407

102,888

8,526

5,699

0

0

0

Financing activities:
Net increase (decrease) in deposits

-35,699

27,129

154,256

169,355

215,820

231,671

110,882

-40,906

-150,721

-196,801

-151,408

-30,510

28,298

77,307

74,187

75,339

97,043

82,869

132,618

158,571

114,976

112,838

62,903

23,593

-3,082

-10,618

8,703

1,636

-33,774

-50,602

-53,727

-72,985

-22,207

-12,391

0

0

0

Cash dividends paid on common stock

8,948

8,690

8,438

8,190

7,941

7,688

7,677

7,665

6,730

5,798

4,866

3,934

3,927

3,921

6,362

6,360

6,361

6,359

7,579

7,574

7,405

7,239

3,409

3,246

3,129

2,898

4,288

3,766

3,245

2,840

0

0

0

-

0

0

0

Issuance of common stock for warrants exercised

-

-

-

-

-

-

-

-

-

449

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under Stock Incentive Plan

742

670

722

212

211

443

509

580

758

555

388

366

211

135

394

386

772

707

628

1,164

866

886

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of subordinated notes, net of cost

-

-

-

-

-

-

-

-

-

26,075

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease (increase) in short-term borrowings

69,056

-47,538

-201,551

-211,544

-201,130

-169,022

-18,167

127,431

169,320

191,010

124,640

51,500

28,336

21,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in securities sold under agreement to repurchase and other short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,834

21,816

-10,131

10,751

-12,048

-41,072

1,134

-1,134

12,232

10,499

7,735

-15,675

-13,261

-11,061

-3,465

6,172

0

0

0

Net increase (decrease) in securities sold under agreement to repurchase and other short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash and cash equivalents (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

133,920

-

123,112

129,980

118,568

95,734

72,231

61,569

-7,312

-12,379

-7,814

-12,629

-61,242

-54,255

-100,092

-92,261

-23,917

-23,563

0

0

0

Net cash and cash equivalents provided by (used in) financing activities

25,151

-28,429

-55,011

-50,167

6,960

55,404

85,547

79,440

12,627

15,490

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

24,024

3,317

14,109

-19,075

3,216

3,148

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

0

0

1,295

-

-1,130

-32,821

-2,293

-7,984

5,733

50,295

17,035

17,464

13,453

-4,314

-35,131

-18,344

10,062

1,202

49,464

34,165

15,231

23,657

-2,533

-4,710

0

0

0

Supplemental disclosure of cash flow information
Cash payments for:
Interest

34,861

36,002

35,086

33,109

30,220

26,129

23,480

21,601

17,179

14,571

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

-

-

6,672

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,208

-

6,208

5,468

4,905

4,454

4,311

4,302

4,420

4,586

4,888

5,274

5,714

5,933

5,897

5,874

5,919

6,139

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,139

3,341

3,083

2,993

3,382

3,470

2,975

3,283

3,723

4,483

4,153

4,598

4,033

3,746

3,946

2,708

2,368

1,810

1,560

1,435

0

0

0

Supplemental schedule of noncash investing and financing activities
Initial recognition of operating lease right-of-use assets

-

8,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liabilities

-

9,099

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from non-covered loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,409

4,409

5,848

7,141

3,044

0

0

0

-

-

-

-

12,007

0

0

0

Transfer from covered loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

4,158

0

0

0

-

-

-

-

-

-

-

-