Severn bancorp inc (SVBI)
CashFlow / Quarterly
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
Cash flows from operating activities:
Net income

565

1,208

2,381

2,176

2,609

2,601

2,165

1,918

1,885

-348

1,259

982

925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

1,103

1,055

12,475

907

1,078

1,227

1,365

865

1,550

1,068

-576

867

-5,470

-20,548

232

621

1,274

674

1,203

577

1,400

551

-846

447

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

394

382

358

356

347

346

338

321

307

315

317

304

298

301

292

285

286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred loan fees

506

508

454

509

440

518

456

452

409

368

326

257

264

441

297

295

297

270

390

326

297

276

256

231

232

173

262

214

227

220

181

313

289

306

320

268

450

Net (accretion) amortization of premiums and discounts on securities

83

165

-40

-38

-42

-45

-299

182

-57

-13

-60

186

76

-94

-104

-110

-104

-159

-115

-93

-91

-71

-71

-49

-48

-53

-47

-47

-50

-51

-47

-50

-49

-46

-46

-41

-37

Provision for loan losses

750

-

-

-

-

-

-

-

-

0

0

-375

-275

-500

50

100

0

-480

0

100

100

400

250

-19

200

3,700

12,200

300

320

300

0

0

465

141

850

2,987

634

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

-80

-15

-73

-64

-107

-7

-10

0

-44

36

-99

0

-40

-27

-62

-74

-13

-30

-3

-17

99

2

38

166

96

-279

-38

-41

-9

23

-25

374

329

-20

-57

-41

-521

Gain on sale of mortgage loans

1,634

832

1,108

1,087

720

591

740

635

595

357

334

281

535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property

-76

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

286

287

284

280

277

274

276

283

261

260

267

266

265

269

272

275

312

312

310

314

Provision for foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

0

0

0

-

-

-

-

2,186

894

956

574

465

446

1,164

1,209

411

898

1,194

1,059

Gain on sale of mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

930

721

649

859

949

470

824

466

565

352

595

727

1,347

1,081

833

521

336

375

276

118

27

155

Proceeds from sale of mortgage loans held for sale

33,764

43,501

48,404

59,189

22,536

33,409

27,664

21,956

15,195

38,914

4,417

13,308

10,757

46,176

45,422

25,437

36,609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from loans sold to others

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,851

48,847

47,065

29,473

35,868

18,610

22,174

16,115

22,248

29,365

38,345

37,970

85,391

-30,391

20,494

25,257

18,627

11,104

4,732

8,813

Originations of loans held for sale

43,216

35,989

46,899

69,429

19,438

33,481

26,503

24,962

15,873

38,216

5,707

14,179

2,670

42,561

43,961

32,163

28,409

34,422

48,026

46,002

34,897

32,608

26,061

17,137

18,193

19,718

22,499

36,761

37,810

88,880

-27,969

19,123

25,640

17,482

15,013

5,334

5,574

Stock-based compensation

34

37

32

34

43

49

56

57

56

59

44

49

53

41

48

47

48

28

30

28

34

48

47

47

59

36

24

24

24

11

11

10

11

11

21

1

28

Increase in cash surrender value of bank-owned life insurance

37

36

38

39

39

39

40

42

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1

169

262

-20

193

869

749

577

757

2,713

773

689

619

835

323

-11,239

0

-

-

-

-

-

-

-

-

0

8,195

435

78

673

488

623

422

1,476

487

-1,031

227

Decrease in accrued interest receivable

-183

-56

-91

-27

-216

159

85

150

-186

137

218

23

13

-75

0

64

-20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other assets

1,160

-2,535

-43

-111

2,721

-1,540

1,571

-491

328

-1,083

1,773

-489

-447

-1,439

-562

148

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued interest receivable and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-320

113

444

-1,689

-168

773

-114

-230

-206

1,661

-646

-500

-1,027

-1,089

172

-317

-779

533

-1,439

-406

Increase in accrued expenses and other liabilities

1,024

-2,788

145

-224

2,953

-2,994

2,735

780

-707

606

-117

-73

-1,541

94

-2,580

-1,796

1,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-9,765

7,585

2,830

-9,313

5,688

1,184

4,321

-323

535

4,200

-1,531

447

7,765

-

-

-

-

-

-

-

-

-

-

-

-

-

4,485

2,799

3,623

-1,916

-1,932

5,676

3,955

5,020

-4,102

4,539

7,865

Cash flows from investing activities:
Increase in accrued interest payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,587

-654

-2,418

2,930

1,189

-495

-975

-172

2,329

-1,417

-1,857

2,178

2,006

-139

-2,444

1,300

1,558

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,028

859

-615

2,553

-1,644

4,018

-9,692

6,896

118

-

-

-

-

-

-

-

-

-

-

-

-

Principal collected on mortgage-backed securities held to Maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,290

1,296

663

606

610

586

81

78

133

43

4

76

123

5

6

5

5

75

85

149

Loan principal repayments, net of (disbursements)

-10,271

-14,754

-18,470

4,835

-9,087

-6,503

2,245

16,460

1,238

16,232

18,922

21,267

76

-3,243

-5,577

16,739

3,286

861

-14,897

-15,053

-14,466

14,080

13,984

2,772

916

21,464

6,360

-7,437

-9,057

-11,125

3,659

-8,391

-12,726

-15,340

-17,986

-9,060

-23,685

Redemption of restricted stock investments

-132

0

-426

1

-910

0

-361

-617

355

-210

423

-425

-402

-297

-765

382

-13

0

0

43

-353

0

0

45

-299

0

0

0

-330

0

-94

-329

0

-

-

-

-

Investment in foreclosed real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

233

407

285

131

130

136

-23

-2

14

293

197

Purchases of premises and equipment, net

57

142

290

325

85

160

210

260

288

55

71

156

60

163

452

228

60

26

72

63

107

115

9

50

257

90

42

124

322

126

22

160

3

41

54

13

31

Activity in securities held to maturity:
Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,000

3,541

1,021

3,631

3,538

20,661

0

-

-

-

-

-

-

-

-

0

0

0

1,045

2,083

3,088

10,236

6,123

Maturities/calls/repayments

3,202

4,315

3,235

2,205

3,095

4,170

3,348

3,389

4,356

4,207

5,634

1,554

3,542

4,826

3,799

5,608

2,293

3,000

2,000

1,000

1,000

2,000

1,000

1,000

1,000

2,000

0

1,000

2,000

2,000

1,000

3,000

1,000

2,000

2,000

2,000

2,000

Activity in available-for-sale securities:
Purchases

7,852

-

-

-

-

0

0

0

2,000

6,816

0

8

7,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities/calls/repayments

2,225

4,215

2,000

0

1,000

-

-

93

15

-

0

176

8

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of real estate acquired through foreclosure

623

-

-

-

-

107

0

-58

122

737

0

228

205

548

0

1,044

578

414

170

1,023

821

3,213

761

693

3,507

2,910

3,420

1,579

677

4,359

4,501

6,894

3,776

1,485

2,846

4,706

4,582

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,483

186

14,753

-3,028

17,139

-8,372

-12,641

-21,647

3,711

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

8,544

15,310

23,841

-1,609

14,007

10,620

1,146

-12,679

612

-18,398

-14,771

-34,407

-3,155

-

-

-

-

-

-

-

-

-

-

-

-

-

12,953

9,489

11,533

17,350

1,789

18,324

16,482

16,905

19,933

5,679

24,065

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

29,163

3,895

-28,262

-24,457

-69,633

85,329

72,562

31,699

-12,312

8,736

13,866

-14,136

21,816

15,336

16,933

14,944

962

-12,875

-7,466

-2,423

2,721

6,071

-18,037

-7,184

-8,285

-9,666

-2,356

-10,629

-5,494

-10,378

-33,881

-6,820

-2,284

-25,960

-9,125

-30,456

3,522

Net increase in short-term borrowings

-

-

-

-

-

-

-

500

8,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional long-term borrowings

-

-

-

-

-

0

12,500

29,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term borrowings

-

3,500

10,000

0

25,000

0

12,500

44,000

5,000

24,950

30,000

10,000

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock dividends

513

524

509

385

382

383

381

380

367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

962

-12,875

-7,466

-2,420

2,814

6,071

-18,037

-7,181

-8,285

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

0

0

0

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

14

163

16

0

81

274

3

41

56

-

-

-

-

-

-

-

0

0

0

3

93

0

0

3

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from common stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

28,664

45

-38,755

-24,842

-94,934

85,220

63,684

16,860

-4,693

3,196

23,936

-24,276

11,833

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,356

-10,629

-5,494

-10,378

-33,589

-7,113

-2,646

-26,323

-9,487

-30,819

3,160

Increase (decrease) in cash and cash equivalents

27,443

22,940

-12,084

-35,764

-75,239

97,024

69,151

3,858

-3,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

7,634

-58,236

16,443

22,521

-4,182

-4,423

9,507

-11,830

6,672

-2,895

18,309

1,717

-40,370

-21,932

-4,456

-21,419

15,082

1,659

9,662

5,056

-33,732

16,887

17,791

-4,398

6,344

-20,601

35,090

Supplemental Noncash Disclosures:
Interest paid on deposits and borrowed funds

2,170

2,206

2,223

2,435

2,490

2,434

2,207

2,065

1,872

1,945

1,926

1,900

2,002

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

493

-

-

-

-

7

5

79

12

-

-

-

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid on deposits and borrowed funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,962

1,988

2,024

1,985

1,994

1,987

1,955

1,940

1,992

2,061

1,915

2,404

2,275

2,448

2,997

3,329

3,581

3,630

3,851

12,243

-4,142

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-25

-3

300

1

1

1

0

7

76

835

526

0

0

0

0

2

0

476

0

0

Real estate acquired in satisfaction of loans

-

655

516

0

171

-

-

-

-

0

188

0

515

205

293

493

584

327

0

921

986

134

58

655

0

470

4,699

571

4,429

2,310

2,314

4,024

4,600

2,692

5,654

4,041

3,908

Initial recognition of operating lease right-of-use asset

-

0

0

0

2,684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating lease liability

-

0

0

0

2,684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans held for sale to loan portfolio

-

0

0

0

648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-