STATE BANK FINANCIAL CORP STBZ Cash Flow

State bank financial corp (STBZ)

CashFlow / Quarterly

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
17,955	18,767	17,365	5,377	14,436	15,203	11,558	10,327	12,441	13,985	10,838	12,121	9,119	-2,021	9,204	7,585	11,504	7,507	4,322	9,417	4,349	137	-1,156	3,215	3,358	11,031	5,138	9,089	17,104	8,582	8,231
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion
2,248	2,239	2,482	2,981	2,830	2,851	2,987	2,845	2,729	2,876	2,880	3,283	2,637	2,412	3,061	2,781	1,897	1,602	1,254	991	1,012	977	1,030	508	725	795	721	1,406	391	609	794
Accretion on investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	413	458	359	-	-	-	-
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	256	276	246	-	236	247	224
Provision for loan and lease losses
2,209	2,393	3,208	2,848	415	1,845	1,002	277	88	6	-134	494	-265	64	3,193	1,189	416	701	590	-98	269	-623	-2,035	3,346	6,491	5,027	252	19,636	3,875	2,044	961
Accretion on acquisitions, net
8,154	6,595	5,946	10,671	6,520	9,228	7,677	10,271	9,335	13,961	9,743	14,240	11,156	7,873	14,621	15,776	20,914	15,138	11,244	16,693	9,007	5,025	3,857	12,579	12,602	28,183	16,480	29,195	38,713	28,861	30,455
Gains on sales of other real estate owned
314	521	83	-17	87	733	960	778	601	446	-153	1,332	1,522	1,083	595	2,057	4,720	2,359	5,792	4,403	5,226	12,194	-630	29,963	391	187	-941	-2,468	-295	-1,527	-1,048
Writedowns of other real estate owned
0	43	85	96	9	121	0	-	-	-	-	476	97	329	67	1,573	4,045	1,634	5,921	4,565	5,014	5,095	6,910	3,833	-1,227	8,202	19,140	16,439	6,635	20,676	18,536
Net decrease in FDIC receivable for covered losses
-	-	-	-	-	-	-	-	-	-	-	-12,500	0	1,980	4,270	-42,107	5,960	5,796	8,754	-9,802	2,875	1,212	724	73,694	-13,323	-8,863	-9,889	118,166	-8,657	-40,607	-5,539
Loss share termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-16,488	16,488	-103,057	24,240	20,023	58,794	5,613	92,641	57,283	66,643	0	131,957	33,576	47,332
Deferred income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,895	-7,954	13,277	-1,037	-3,820	5,700	25,300	17,217	23,185	-12,858	1,386	-2,827	-	-	-	-
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,243	-8,474	-269	-	-	-	-
Proceeds from sales of mortgage loans held-for-sale
118,627	134,558	99,746	124,630	121,326	136,956	112,008	129,928	157,421	131,927	115,321	64,088	206,445	124,877	117,056	12,982	8,833	6,632	6,757	7,865	10,393	11,740	16,641	19,741	9,074	13,863	18,072	14,066	10,940	8,384	8,932
Proceeds from sales of SBA loans held-for-sale
16,543	10,766	9,495	16,819	11,259	18,150	9,313	16,563	15,080	14,684	12,754	12,758	15,430	11,508	6,816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of mortgage loans held-for-sale
93,249	135,293	107,002	114,398	120,935	130,174	107,405	120,072	139,078	137,839	112,366	58,508	193,779	138,826	117,004	14,551	9,199	5,639	7,243	6,883	10,501	10,127	14,196	22,454	9,307	12,024	15,647	1,825	10,085	10,041	6,249
Originations of SBA loans held-for-sale
16,704	14,089	9,745	11,674	6,582	18,144	7,953	12,682	18,065	20,355	12,780	15,515	10,325	11,825	10,589	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking activities
1,818	3,125	2,925	2,558	2,793	3,096	2,894	2,511	3,216	3,551	3,041	2,011	3,079	3,480	2,680	322	191	163	159	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of SBA loans
1,346	964	918	1,610	1,159	1,632	851	1,500	1,333	1,383	1,209	1,069	1,548	1,090	680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net gains on sales of available-for-sale securities
181	250	0	-1,481	3	13	12	42	38	396	13	16	17	-59	380	223	0	12	11	0	717	0	364	225	0	0	93	-20	-31	0	-3
Decrease in prepaid FDIC assessments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-287	-269	-325	-	-	-	-
Net change in cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	354	349	344	-	356	362	357
Share-based compensation expense
10,072	1,194	922	965	1,009	984	833	879	884	1,217	909	783	1,450	743	619	738	469	353	475	355	330	324	312	293	178	142	166	116	72	0	0
Changes in fair value of SBA servicing rights
472	227	266	244	131	110	136	158	229	57	28	102	125	-40	-227	38	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets and other liabilities, net
453	1,742	7,612	-6,477	-2,143	3,679	-3,086	14,952	3,649	1,514	-5,458	-12,976	-2,673	21,408	1,643	-17,459	12,296	-14,448	6,687	25,662	-2,863	-16,581	-7,793	-	-	-	-	-	-	-	-
Net cash provided by operating activities
45,907	7,608	-662	31,656	15,479	9,521	13,171	11,594	13,562	-14,491	9,055	-8,984	14,831	-30,499	-4,133	9,452	5,543	16,219	14,462	-4,651	20,194	2,820	54,009	-29,505	78,603	50,476	72,893	42,505	104,098	-28,898	44,453
Change in FDIC clawback liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	327	7	0
Changes in other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,766	-835	1,399	-	18,744	2,349	3,003
Changes in other liabilities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,070	-3,980	2,364	-	9,364	-21,198	3,995
Cash flows from Investing Activities
Purchase of investment securities available-for-sale
0	15,594	41,607	165,723	55,045	20,249	141,666	82,996	78,587	59,118	78,113	150,995	71,503	112,606	313,029	172,070	99,605	67,044	92,683	37,106	44,358	41,037	75,876	19,429	38,157	6,211	14,097	22,075	30,793	18,627	26,883
Proceeds from sales and calls of investment securities available-for-sale
10,712	4,275	0	162,358	6,810	21,942	42,836	20,005	28,705	41,979	22,900	46,601	15,535	74,162	227,725	68,508	31,740	3,560	9,136	7,000	18,214	0	3,422	1,975	16,313	49,449	50,740	-66,766	25,851	52,478	46,288
Proceeds from maturities and paydowns of investment securities available-for-sale
48,639	46,587	42,218	44,173	52,237	47,034	48,158	47,251	50,375	44,313	41,184	40,507	40,965	37,020	37,001	38,713	27,885	23,830	17,056	17,073	21,616	18,349	24,331	-	-	-	-	-	-	-	-
Proceeds from maturities and paydowns of investment securities held-to-maturity
3,769	698	5,312	25,072	5,301	9,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities held-to-maturity
-	-	-	-	-	-	-	0	4,000	2,500	4,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan originations, repayments and resolutions, net
26,397	-18,050	84,369	-50,168	-31,110	18,101	33,604	35,066	-7,311	76,610	87,318	7,725	87,590	36,923	63,135	-3,916	28,529	24,309	16,705	-109,493	-11,837	2,100	-765	-70,992	-29,759	21,682	20,224	26,826	22,027	45,888	15,762
Purchases of loans
-	-	-	-	-	-	-	0	0	0	1,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of Federal Home Loan Bank stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,091	-2,296	-4,670	-451
Net purchases of premises and equipment
295	5,499	1,544	670	664	547	379	44	742	245	716	-130	201	571	78	516	623	975	2,234	1,019	198	212	753	-2,093	567	2,265	932	701	1,619	4,067	648
Proceeds from sales of other real estate owned
1,619	1,091	32	423	1,139	2,240	8,547	1,410	1,829	1,512	236	1,931	6,384	4,972	4,321	10,344	16,888	26,678	18,402	20,058	21,764	17,225	18,666	19,184	23,634	23,557	14,324	23,707	26,853	18,742	20,097
Net cash received in excess of assets and liabilities acquired in purchase business combinations
0	0	0	194,969	-91,571	150	34,166	-3,661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Georgia-Carolina Bancshares
-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,958	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
38,047	49,608	-79,958	-79,168	132,459	36,169	-110,274	-45,779	4,891	-50,669	-107,127	-73,551	-96,410	-33,946	-118,153	-76,015	-76,137	-38,260	-67,028	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,875	-7,775	-29,445	93,418	32,294	47,433	29,811	120,190	561	7,308	23,543
Cash Flows from Financing Activities
Net (decrease) increase in noninterest-bearing customer deposits
-35,517	97,449	-101,527	11,408	67,536	64,671	-39,581	19,050	60,915	-61,838	65,295	3,070	61,046	70,162	33,755	25,208	63,200	-9,980	3,276	47,869	-9,691	20,243	22,267	19,688	24,548	30,247	15,779	13,155	6,244	26,270	5,274
Net (decrease) increase in interest-bearing customer deposits
-80,273	20,823	42,824	-9,358	15,256	-21,754	18,191	70,561	12,887	41,730	-21,659	63,704	-2,143	-111,812	-65,157	61,710	-22,439	-15,868	9,460	30,545	-66,482	-42,349	-22,513	4,450	-65,386	-53,986	-125,369	-288,869	-122,691	63,295	-157,335
Repayment of other borrowed funds
-	-	-	-	-	-	-	-	0	-1,410	-4	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB advances
0	255,000	439,500	-	40,000	380,000	460,000	-	263,000	177,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of FHLB advances
0	270,000	424,500	-	120,000	400,000	407,014	-	305,000	115,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements
20,096	3,960	-15,644	-290	243	200	-2,617	5,598	-13,799	420	1,324	27,307	-6,875	3,497	-19,338	-6,476	0	0	-1,216	134	-2,494	-383	-796	4,148	-2,238	1,424	-3,328	-3,938	1,310	2,006	125
Repurchase of common stock
-	-	-	-	-	-	-	0	0	4,701	427	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
0	66	1,375	-	0	0	1,495	-	0	150	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of stock warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	36	19	0	0	15	7	33
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	80	50	0	28	0	167	0	0	0	100	-	-	-	-	-	-	-	-
Exercise of stock warrants
5	0	0	-	0	0	1	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock activity
-10,408	0	0	-77	-887	0	-210	-237	-87	87	121	104	-228	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to shareholders
7,823	7,824	7,802	5,460	5,456	5,456	5,442	5,164	5,166	5,164	5,187	5,200	2,501	2,145	1,785	1,291	1,291	1,285	963	962	963	958	957	958	952	0	0	-	-	-	-
Net cash (used in) provided by financing activities
-114,318	99,342	-68,524	-3,850	-3,373	17,661	21,833	70,008	12,750	30,974	39,463	88,226	49,516	-40,218	-52,475	71,241	39,341	-27,133	10,724	80,746	-79,634	-23,447	-1,899	27,361	-43,930	-22,334	-112,918	-304,224	-115,152	91,564	-151,969
Net (decrease) increase in cash and cash equivalents
-30,364	156,558	-149,144	-51,362	144,565	63,351	-75,270	35,823	31,203	-34,186	-58,609	5,691	-32,063	-104,663	-174,761	4,678	-31,253	-49,174	-41,842	191,594	-30,565	-28,402	22,665	91,274	66,967	75,575	-10,214	-141,529	-10,493	69,974	-83,973
Interest income on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,605	14,865	12,769	-	5,891	10,002	6,579
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,149	2,504	3,195	3,180	3,776	6,390	7,222	6,709
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	0	-3,380	-16,186	24,781	0
Supplemental Disclosure of Noncash Investing and Financing Activities
Goodwill and fair value acquisition adjustments
-	-	-	-	-	-	-	-	-	-	-	5,847	0	0	19,904	225	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (losses) gains on securities and cash flow hedges, net of tax
-2,543	-1,872	-5,382	-2,457	1,216	988	-90	-4,071	-294	2,077	3,111	7,332	1,120	-2,919	21	1,285	-583	293	255	6,495	-1,045	-513	-1,579	-	-	-	-	-	-	-	-
Transfer of debt securities held-to-maturity to available-for-sale
-	-	-	-	-	-	-	0	0	0	56,595	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (losses) gains on securities and derivative financial instruments accounted for as cash flow hedges, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,462	-397	-5,911	-	-2,636	-1,422	-88
Transfers of loans to other real estate owned
1,735	1,418	3,346	160	615	276	449	291	264	1,256	1,449	1,090	867	2,265	5,603	1,639	7,444	11,454	9,781	13,986	20,735	15,891	27,706	-19,256	19,193	28,353	13,228	15,640	25,942	13,356	14,774
Assets acquired
-	-	-	-	-	-	-	-	-	-	-	2,485	0	0	526,687	185,973	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	4,332	0	0	457,718	161,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net assets
-	-	-	-	-	-	-	-	-	-	-	-1,847	0	0	68,969	24,929	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-