S&t bancorp inc (STBA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income

98,234

105,334

72,968

71,392

67,081

57,910

50,539

34,200

47,264

43,480

7,951

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

14,873

14,995

13,883

17,965

10,388

1,715

8,311

22,815

15,609

29,511

72,354

Provision for unfunded loan commitments

436

-54

-410

65

258

-655

-60

1,811

-1,474

-1,555

2,888

Net depreciation, amortization and accretion

5,763

4,599

2,498

3,628

356

4,703

5,333

7,000

6,323

6,587

7,044

Net amortization of discounts and premiums on securities

-3,243

-3,180

-4,003

-3,829

-3,600

-3,680

-3,826

-2,280

-1,191

-881

-948

Stock-based compensation expense

2,441

1,891

3,008

2,544

1,636

975

687

913

960

513

321

Debt and Equity Securities, Gain (Loss)

-26

0

3,000

0

-34

41

5

3,016

-124

274

-5,088

Gain on sale of bank branch

0

0

1,042

0

0

-

-

-

-

-

-

Deferred income taxes

-381

3,509

13,832

536

-427

1,536

-2,358

1,038

2,448

-4,537

-7,465

Loss (gain) on sale of fixed assets

-37

81

-128

0

179

33

0

-

-

-

-

Gain on the sale of mortgage loans, net

1,887

1,537

1,551

1,621

1,044

353

874

1,612

875

1,809

510

Gain (Loss) on Disposition of Business

0

1,873

0

0

-

0

3,093

0

-

-

-

Pension contribution

0

20,420

0

0

-

-

-

-

-

-

-

Net gain on sale of credit card portfolio

-

-

-

2,066

0

-

-

-

-

-

-

Pension plan curtailment gain

-

-

-

1,017

0

0

-

-

-

-

-

Tax benefit from stock-based compensation

-

-

-

-

53

16

96

-30

-66

46

4

Mortgage loans originated for sale

109,624

90,142

93,382

106,020

107,489

42,842

66,695

104,924

68,261

121,883

144,852

Proceeds from the sale of mortgage loans

109,082

93,793

93,991

108,209

99,458

42,361

87,932

86,886

74,780

119,617

139,556

Net change in:
Interest receivable

3,768

1,635

2,714

2,409

2,744

933

130

-973

-589

-2,752

-4,470

Interest payable

-2,223

2,353

1,349

1,715

-193

-127

-2,005

-1,376

-443

-1,678

-2,582

Other assets

2,325

-9,948

-5,634

-4,668

11,396

-7,628

-25,681

-18,815

-4,132

2,745

17,917

Other liabilities

24,496

4,157

5,041

-4,613

1,298

2,595

-20,917

18,057

-8,531

20,170

-12,723

Net Cash (Used in) Provided by Operating Activities

138,423

128,017

114,236

96,805

60,584

78,103

86,076

83,890

73,902

88,984

54,567

INVESTING ACTIVITIES
Proceeds from sales of securities

59,934

0

65,801

0

11,119

1,418

94

66,575

70

2,579

4,833

Purchases of securities

129,973

92,597

156,839

113,362

74,712

181,213

144,752

166,786

135,447

82,890

86,135

Proceeds from maturities, prepayments and calls of securities

92,412

89,833

80,956

74,110

50,142

57,092

66,744

87,604

71,318

146,960

177,443

Net (purchases of) proceeds from sales of Federal Home Loan Bank stock

6,615

165

2,547

8,784

855

1,506

-1,685

-5,700

-4,149

-

-

Net (increase) decrease in loans

298,741

207,233

211,766

599,341

383,575

313,264

241,172

21,892

-185,182

-3,236

-113,064

Proceeds from sale of loans not originated for resale

520

7,695

6,754

9,208

2,880

5,408

5,158

3,874

8,595

-

-

Proceeds from the redemption of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

1,177

-

Purchases of premises and equipment

5,153

4,172

4,694

3,560

5,133

5,079

2,833

2,179

2,531

3,469

1,577

Proceeds from the sale of premises and equipment

71

135

422

57

467

96

643

142

404

60

1,314

Net cash acquired from bank acquisitions

-

-

-

-

-

-

-

18,639

-

-

-

Proceeds from the divestiture of businesses

-

-

-

-

-

0

4,750

-

-

-

-

Net cash acquired from bank merger

-63,759

0

0

-

16,347

0

0

-

-

-

-

Proceeds from surrender of bank owned life insurance

-

-

-

-

10,277

0

0

-

-

-

-

Net Cash (Used in) Provided by Investing Activities

-210,556

-201,964

-212,415

-616,653

-405,737

-437,048

-309,683

-8,323

131,740

67,653

208,942

FINANCING ACTIVITIES
Net increase in core deposits

423,203

231,756

166,054

378,323

195,589

240,948

-22,767

207,653

105,776

63,383

79,565

Net decrease in certificates of deposit

-27,632

14,397

27,132

18,095

51,209

-4,549

56,174

-217,311

-87,553

-50,536

-3,694

Net increase in securities sold under repurchase agreements

1,505

-31,778

-671

-11,254

31,481

-3,242

-28,735

28,442

-10,283

-4,281

-68,484

Net increase (decrease) in short-term borrowings

200,000

70,000

120,000

304,000

-2,660

150,000

65,000

-

75,000

-51,300

-257,175

Proceeds from long-term borrowings

10,000

25,000

35,000

0

100,000

0

0

4,311

4,192

9,241

-

Repayments of long-term borrowings

35,936

1,987

2,412

102,330

2,399

2,367

12,291

15,088

1,682

65,770

94,437

Repayment of junior subordinated debt

-

-

-

-

13,500

0

45,000

-

-

-

-

Proceeds from issuance of preferred stock and common stock warrant

-

-

-

-

-

-

-

-

-

-

108,676

Redemption of preferred stock

-

-

-

-

-

-

-

-

108,676

-

-

Other assets

915

657

689

-

-

-

-

-

-

-

-

Sale of treasury shares

-

-

-

-

-

-

-

1,047

1,946

3,692

1,349

Common stock issuance costs

176

0

0

-

132

271

0

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

5,072

5,434

4,513

Cash dividends paid to common shareholders

37,360

34,539

28,569

26,784

24,487

20,203

18,137

17,357

16,830

16,683

25,427

Repurchase of common stock

18,222

12,256

0

0

-182

-163

88

49

64

-

-

Payments for Repurchase of Warrants

0

7,652

0

0

-

-

-

-

-

-

-

Tax benefit from stock-based compensation

-

-

-

-

53

16

96

-30

-66

46

4

Net Cash Provided by (Used in) Financing Activities

114,467

112,284

75,845

559,935

334,972

360,169

-5,748

-8,382

-43,312

-117,642

-264,136

Net decrease in cash and cash equivalents

42,334

38,337

-22,334

40,087

-10,181

1,224

-229,355

67,185

162,330

38,995

-627

Supplemental Disclosures
Interest paid

75,278

53,035

33,591

22,800

15,878

12,609

16,568

22,329

27,733

36,251

41,082

Income taxes paid, net of refunds

14,663

15,728

33,814

26,743

23,175

18,075

13,130

4,063

15,100

14,818

5,338

Transfers of loans to other real estate owned

2,592

870

2,238

1,039

843

586

1,238

1,915

8,472

11,308

4,081

Loans transferred to held for sale

456

0

0

250

23,277

0

5,158

19,255

8,753

-

-

Loans transferred to portfolio from held for sale

0

7,695

250

7,933

0

0

-

-

-

-

-

Transfer retained assets from sale to investment in insurance company partnership

0

1,917

0

0

-

-

-

-

-

-

-

Net assets from acquisitions, excluding cash and cash equivalents

43,637

0

0

-

43,433

0

0

-683

-

-

-

Decrease in cash and cash equivalents from sale of bank branch

0

0

154

0

0

-

-

-

-

-

-

Credit Card Portfolio
Gain (Loss) on Disposition of Business

-

-

-

2,066

-

-

-

-

-

-

-

Proceeds from the divestiture of businesses

-

-

-

25,019

-

-

-

-

-

-

-

Majority Interest of Insurance Business
Gain (Loss) on Disposition of Business

0

1,873

0

0

-

-

-

-

-

-

-

Proceeds from the divestiture of businesses

0

4,540

0

0

-

-

-

-

-

-

-

Branch
Proceeds from the divestiture of businesses

0

0

4,404

0

-

-

-

-

-

-

-