State bank financial corp (STBZ)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash Flows from Operating Activities
Net income

46,574

47,591

28,423

30,918

12,747

22,742

43,006

45,546

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

11,649

11,330

11,393

7,534

4,010

2,749

3,200

1,168

Accretion on investment securities available-for-sale

-

-

-

-

-

-

-

-3,546

Amortization of intangible assets

-

-

-

-

-

-

-

924

Provision for loan and lease losses

6,110

237

3,486

2,896

-2,487

15,116

26,516

3,955

Accretion on acquisitions, net

34,096

43,310

47,890

63,072

34,582

69,844

127,224

160,153

Gains on sales of other real estate owned

1,763

1,672

4,532

14,928

21,193

29,600

-5,338

-8,682

Writedowns of other real estate owned

226

587

969

13,173

21,584

29,948

62,286

85,030

Net decrease in FDIC receivable for covered losses

0

0

-6,250

-21,597

-4,991

41,619

63,363

-60,668

Funds paid to FDIC

0

0

1,784

-45,251

-125,960

-

-

-

Loss share termination

0

0

16,959

0

0

222,180

212,865

290,815

Deferred income tax expense (benefit)

-10,632

-13,045

24,828

10,181

44,397

8,886

-42,437

-16,185

Income taxes receivable

-

-

-

-

-

-

-

-9,485

Proceeds from sales of mortgage loans held-for-sale

494,920

534,597

512,466

35,204

46,639

60,750

42,322

36,922

Proceeds from sales of SBA loans held-for-sale

55,541

59,081

46,512

2,784

0

-

-

-

Originations of mortgage loans held-for-sale

472,912

509,355

508,117

36,632

41,707

59,432

28,200

40,464

Originations of SBA loans held-for-sale

44,353

63,882

48,254

2,603

0

-

-

-

Mortgage banking activities

11,341

12,319

11,250

835

1,008

-

-

-

Gains on sales of SBA loans

5,252

5,425

4,387

181

0

-

-

-

Net gains on sales of available-for-sale securities

-1,453

489

354

246

1,081

318

-54

165

Loss on sale of premises and equipment

-

-

-

-

-

-

-

0

Gains on FHLB stock redemptions

-

-

-

-

-

1,215

2,478

0

Gain on acquisitions

-

-

-

-

-

-

14,890

3,759

Decrease in prepaid FDIC assessments

-

-

-

-

-

-

-

4,102

Net change in cash surrender value of life insurance

-

-

-

-

-

-

-

838

Share-based compensation expense

3,791

3,889

3,595

2,035

1,321

779

188

0

Changes in fair value of SBA servicing rights

621

472

-40

38

0

0

-

-

Changes in other assets and other liabilities, net

-8,027

14,657

7,402

-12,924

-1,575

-29,117

39,899

-

Net cash provided by operating activities

69,827

19,720

-28,785

45,676

72,372

172,467

162,158

240,242

Changes in other assets, net

-

-

-

-

-

-

-

-12,601

Changes in other liabilities, net

-

-

-

-

-

-

-

-4,468

Cash flows from Investing Activities
Purchase of investment securities available-for-sale

382,683

298,814

648,133

431,402

198,377

77,894

98,378

242,446

Proceeds from sales and calls of investment securities available-for-sale

-

-

-

-

-

24,303

-

-

Proceeds from sales and calls of investment securities available-for-sale

233,946

113,589

364,023

112,944

28,636

118,477

57,851

177,331

Proceeds from maturities and paydowns of investment securities available-for-sale

191,602

183,123

155,493

107,484

81,369

-

117,665

-

Proceeds from maturities and paydowns of investment securities held-to-maturity

39,373

0

0

-

-

-

-

-

Purchase of investment securities held-to-maturity

5,000

10,500

0

0

-

-

-

-

Loan originations, repayments and resolutions, net

-29,573

191,683

195,373

65,627

-119,995

-58,845

110,503

588

Purchases of loans

0

1,300

0

23,649

0

0

-

-

Redemptions of Federal Home Loan Bank stock

-

-

-

-

-

-5,897

-10,508

-1,353

Purchase of bank owned life insurance

-

-

-

-

-

-

-

35,134

Net cash acquired in FDIC-assisted transactions

-

-

-

-

-

-

92,095

93,966

Net purchases of premises and equipment

2,260

1,747

720

4,348

2,182

1,671

7,035

30,781

Proceeds from sales of other real estate owned

12,349

4,987

17,608

72,312

77,713

80,699

89,399

79,351

Net cash received in excess of assets and liabilities acquired in purchase business combinations

137,714

-3,661

14,958

25,154

0

0

-

-

Acquisition of Georgia-Carolina Bancshares

-

-

-

-

-

5,700

0

0

Net cash provided by investing activities

-20,814

-198,684

-322,060

-257,440

107,154

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

202,956

151,602

43,052

Cash Flows from Financing Activities
Net (decrease) increase in noninterest-bearing customer deposits

104,034

83,422

168,033

81,704

80,688

90,262

50,943

12,587

Net (decrease) increase in interest-bearing customer deposits

2,335

103,519

-115,408

32,863

-100,799

-240,291

-505,600

-50,087

Repayment of other borrowed funds

-

-

-

-5,000

0

0

-24,572

-55,713

Proceeds from FHLB advances

980,000

655,000

60,000

5,000

-

-

-

-

Repayments of FHLB advances

1,027,014

655,000

60,000

5,000

-

-

-

-

Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements

-2,464

-6,457

4,591

-7,692

-3,539

6

-497

-4,671

Payment of contingent consideration

1,495

150

0

0

-

-

-

-

Net decrease in notes payable

0

-1,414

-959

-2,911

3,159

-

-

-

Repurchase of common stock

0

5,128

0

0

-

-

-

-

Repurchase of stock warrants

-

-

-

-

3

55

55

10

Issuance of common stock

1

200

547

195

100

167

0

923

Stock option activity

138

0

0

-

-

-

-

-

Restricted stock activity

-1,174

-116

-124

-156

-

-

-

-

Restricted stock activity

-

-

-

-

0

0

-

-

Dividends paid to shareholders

21,814

20,681

11,631

4,830

3,840

1,910

0

0

Net cash (used in) provided by financing activities

32,271

153,195

45,049

94,173

-24,234

-151,821

-479,781

-96,971

Net (decrease) increase in cash and cash equivalents

81,284

-25,769

-305,796

-117,591

155,292

223,602

-166,021

186,323

Interest income on loans

-

-

-

-

-

-

-

16,636

Interest expense

14,154

7,576

7,158

7,239

8,006

11,028

24,097

42,656

Income taxes

18,960

21,815

36,170

23,836

53,809

1,000

5,215

18,933

Supplemental Disclosure of Noncash Investing and Financing Activities
Goodwill and fair value acquisition adjustments

7,480

40,727

25,751

225

0

0

-

2,655

Unrealized (losses) gains on securities and cash flow hedges, net of tax

-343

823

5,554

1,250

3,358

-11,205

5,194

-

Transfer of debt securities held-to-maturity to available-for-sale

0

56,595

0

0

-

-

-

-

Unrealized (losses) gains on securities and derivative financial instruments accounted for as cash flow hedges, net of tax

-

-

-

-

-

-

-

-2,120

Transfers of loans to other real estate owned

1,500

3,260

9,825

30,318

78,318

41,518

69,712

174,024

Acquisitions:
Transfers of banking premises (from) to other real estate owned

-690

0

560

0

796

-

-

-

Assets acquired

909,117

484,158

529,172

185,973

0

6,245

372,424

363,552

Liabilities assumed

713,663

434,398

462,050

161,044

0

545

362,805

-361,199

Net assets

195,454

49,760

67,122

24,929

0

5,700

9,619

2,353