Severn bancorp inc (SVBI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

8,374

8,569

2,818

-

-

-

-

-

-

-

-

Net income

-

-

-

15,540

4,535

2,909

-25,165

3,728

1,552

1,359

-15,228

Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization

1,443

1,312

1,234

1,164

-

-

-

-

-

-

-

Amortization of deferred loan fees

1,911

1,835

1,215

1,330

1,283

995

876

1,003

1,344

1,463

2,048

Net (accretion) amortization of premiums and discounts on securities

45

-219

189

-412

-458

-239

-197

-197

-170

-87

-3

Provision for loan losses

-500

-300

-650

-350

-280

831

16,520

765

4,612

5,744

31,402

Write-downs and losses on real estate acquired through foreclosure, net of gains

-259

-61

-103

-176

49

302

-367

701

-639

-449

-15

Gain on sale of mortgage loans

3,747

2,561

1,507

3,654

-

-

-

-

-

-

-

Loss on disposal of property

-

-

-

-

-

-

-134

-

-

-

-

Gain on sale of securities

-

-

2

-

-

-

-

-

-

-

-

Write off of restricted stock

-

100

-

-

-

-

-

-

-

-

-

Provision for depreciation

-

-

-

-

1,137

1,110

1,054

1,081

1,248

1,238

1,276

Provision for foreclosed real estate

-

-

-

-

58

0

4,610

3,284

3,562

3,451

3,911

Gain on sale of mortgage loans

-

-

-

-

2,927

2,207

3,750

2,065

576

843

316

Proceeds from sale of mortgage loans held for sale

173,630

98,224

67,396

153,644

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

0

-

-

-

Proceeds from loans sold to others

-

-

-

-

160,236

92,767

127,928

100,751

43,276

64,916

29,616

Originations of loans held for sale

171,755

100,819

60,772

147,094

163,347

93,999

116,788

105,674

43,403

62,654

33,692

Stock-based compensation

146

218

205

184

120

201

108

43

61

162

128

Increase in cash surrender value of bank-owned life insurance

152

161

64

0

-

-

-

-

-

-

-

Deferred income taxes

604

2,952

4,794

-10,081

0

-

8,708

2,206

1,159

2,160

-9,194

Decrease in accrued interest receivable

-390

208

391

-31

-

-

-

-

-

-

-

Increase in other assets

32

-132

-246

-1,823

-

-

-

-

-

-

-

Decrease in accrued interest receivable and other assets

-

-

-

-

-1,452

261

309

-2,261

-2,091

-2,688

8,532

Increase in accrued expenses and other liabilities

86

-186

-1,125

-2,844

1,043

-

-

-

-

-

-

Net cash (used in) provided by operating activities

6,790

5,717

10,881

7,621

-

-

-

5,783

13,322

17,733

-3,549

Cash flows from investing activities:
Redemption of certificates of deposit held for investment

1,240

-

-

-

-

-

-

-

-

-

-

Purchase of certificates of deposit held for investment

-

-

8,680

100

-

-

-

-

-

-

-

Increase in accrued interest payable and other liabilities

-

-

-

-

-

1,047

687

910

275

439

-890

Net cash provided by operating activities

-

-

-

-

1,153

1,340

13,425

-

-

-

-

Principal collected on mortgage-backed securities held to Maturity

-

-

-

-

3,855

1,355

256

139

314

27

310

Proceeds from sale of loans

-

-

-

-

-

-

34,413

0

-

-

-

Loan principal repayments, net of (disbursements)

-37,476

13,440

56,497

11,205

-43,555

31,752

11,330

-28,583

-66,071

-6,879

-23,940

Repurchases of loans orginated for sale

-

-

469

-

-

-

-

-

-

-

-

Repurchases of loans previously sold

-

-

-

343

-

-

-

-

-

-

-

Proceeds from disposal of premises and equipment

-

-

-

-

-

-

-

-

-

-

24

Redemption of restricted stock investments

-1,335

-623

-614

-693

-310

-254

-330

-423

-749

-917

-85

Investment in foreclosed real estate

-

-

-

-

-

-

925

374

502

430

413

Purchases of premises and equipment, net

842

918

342

903

268

431

578

311

139

461

137

Purchase of bank owned life insurance

-

-

5,000

0

-

-

-

-

-

-

-

Activity in securities held to maturity:
Purchases

-

-

6,464

3,562

27,830

21,549

16,048

1,045

21,530

21,394

7,999

Maturities/calls/repayments

12,850

15,263

14,937

16,526

7,000

5,000

5,000

7,000

8,000

2,000

1,000

Activity in available-for-sale securities:
Purchases

7,958

2,000

14,000

-

-

-

-

-

-

-

-

Purchases

-

-

-

0

-

-

-

-

-

-

-

Sales

-

-

-

0

-

-

-

-

-

-

-

Maturities/calls/repayments

7,215

-

-

-

-

-

-

-

-

-

-

Sales

-

-

4,000

-

-

-

-

-

-

-

-

Proceeds from sales of real estate acquired through foreclosure

233

171

1,170

2,170

2,428

8,174

8,586

19,530

13,619

21,286

9,708

Net cash used in investing activities

-

-

-

-

29,050

-38,949

19,704

-

-

-

-

Net cash provided by investing activities

51,549

-301

-70,731

3,276

-

-

-

53,945

66,582

8,824

26,518

Cash flows from financing activities:
Net (decrease) increase in deposits

-118,457

177,278

30,282

48,175

-20,043

-27,435

-28,145

-53,363

-62,019

4,447

26,463

Additional long-term borrowings

-

46,500

59,950

-

0

-

-

-

-

-

-

Repayments of long-term borrowings

38,500

61,500

74,950

-

0

-

-

-

0

-10,000

28,000

Additional borrowings

-

-

-

0

-

-

-

-

-

-

-

Repayment of borrowings

-

-

-

15,000

-

-

-

-

-

-

-

Repurchase of warrant

-

-

520

0

-

-

-

-

-

-

-

Common stock dividends

1,800

1,511

-

-

-

-

-

-

-

-

906

Net cash provided by financing activities

-

-

-

-

-19,947

-27,432

-28,145

-

-

-

-

Preferred stock dividends

-

70

280

-

-

-

-

-

-

-

-

Exercise of stock options

260

374

207

-

96

3

0

-

-

-

-

Preferred stock dividends

-

-

-

7,840

-

-

-

-

-

-

-

Stock redemption of Series B preferred stock

-

-

-

23,393

-

-

-

-

-

-

-

Proceeds from common stock issuance

-

-

-

10,584

0

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-158,486

161,071

14,689

12,526

-

-

-

-53,726

-63,469

-7,003

-3,873

Increase (decrease) in cash and cash equivalents

-100,147

166,487

-45,161

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

23,423

10,256

-65,041

4,984

6,002

16,435

19,554

19,096

Supplemental Noncash Disclosures:
Interest paid on deposits and borrowed funds

9,354

8,578

7,773

11,160

-

-

-

-

-

-

-

Income taxes paid

1,919

103

92

-1,457

-

-

-

-

-

-

-

Interest paid on deposits and borrowed funds

-

-

-

-

7,991

7,874

8,655

12,355

15,582

19,395

-26,410

Income taxes paid

-

-

-

-

273

9

1,437

2

476

0

-2,295

Real estate acquired in satisfaction of loans

1,342

1,366

703

1,575

2,234

847

10,169

13,248

16,295

24,137

28,478

Initial recognition of operating lease right-of-use asset

2,684

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liability

2,684

-

-

-

-

-

-

-

-

-

-

Transfers of loans held for sale to loan portfolio

648

-

660

0

-

-

-

-

-

-

-

Common stock issued upon conversion of preferred stock

-

4

-

-

-

-

-

-

-

-

-

Preferred stock converted to common stock

-

4

-

-

-

-

-

-

-

-

-