SEVERN BANCORP INC SVBI Cash Flow

Severn bancorp inc (SVBI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	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
6,330	8,374	9,767	9,551	9,293	8,569	5,620	4,714	3,778	2,818	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	15,540	15,515	15,687	4,577	4,535	5,007	4,848	2,907	2,909	-4,111	-25,727	-24,919	-25,165	-18,421	2,801	3,772	3,728	3,854	3,731	1,682	1,552	0	0	0
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization
1,490	1,443	1,407	1,387	1,352	1,312	1,281	1,260	1,243	1,234	1,220	1,195	1,176	1,164	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
1,977	1,911	1,921	1,923	1,866	1,835	1,685	1,555	1,360	1,215	1,288	1,259	1,297	1,330	1,159	1,252	1,283	1,283	1,289	1,155	1,060	995	892	898	881	876	923	842	941	1,003	1,089	1,228	1,183	1,344	0	0	0
Net (accretion) amortization of premiums and discounts on securities
170	45	-165	-424	-204	-219	-187	52	56	189	108	64	-232	-412	-477	-488	-471	-458	-370	-326	-282	-239	-221	-197	-195	-197	-195	-195	-198	-197	-192	-191	-182	-170	0	0	0
Provision for loan losses
0	-	-	-	-	-	-	-	-	-650	-1,150	-1,100	-625	-350	-330	-380	-380	-280	600	850	731	831	4,131	16,081	16,400	16,520	13,120	920	620	765	606	1,456	4,443	4,612	0	0	0
Write-downs and losses on real estate acquired through foreclosure, net of gains
-232	-259	-251	-188	-124	-61	-18	-107	-107	-103	-166	-129	-203	-176	-179	-120	-63	49	81	122	305	302	21	-55	-262	-367	-65	-52	363	701	658	626	211	-639	0	0	0
Gain on sale of mortgage loans
4,661	3,747	3,506	3,138	2,686	2,561	2,327	1,921	1,567	1,507	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,137	1,128	1,115	1,107	1,110	1,094	1,080	1,071	1,054	1,058	1,067	1,072	1,081	1,128	1,171	1,209	1,248	0	0	0
Provision for foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	0	0	0	-	-	-	-	4,610	2,889	2,441	2,649	3,284	3,230	3,682	3,712	3,562	0	0	0
Gain on sale of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,159	3,178	2,927	3,102	2,709	2,325	2,207	1,978	2,239	3,021	3,750	3,988	3,782	2,771	2,065	1,508	1,105	796	576	0	0	0
Proceeds from sale of mortgage loans held for sale
184,858	173,630	163,538	142,798	105,565	98,224	103,729	80,482	71,834	67,396	74,658	115,663	127,792	153,644	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from loans sold to others
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160,236	161,253	131,016	106,125	92,767	79,147	89,902	106,073	127,928	191,071	131,315	113,464	100,751	33,987	75,482	59,720	43,276	0	0	0
Originations of loans held for sale
195,533	171,755	169,247	148,851	104,384	100,819	105,554	84,758	73,975	60,772	65,117	103,371	121,355	147,094	138,955	143,020	156,859	163,347	161,533	139,568	110,703	93,999	81,109	77,547	97,171	116,788	185,950	135,482	117,844	105,674	34,276	77,258	63,469	43,403	0	0	0
Stock-based compensation
137	146	158	182	205	218	228	216	208	205	187	191	189	184	171	153	134	120	140	157	176	201	189	166	143	108	83	70	56	43	43	53	44	61	0	0	0
Increase in cash surrender value of bank-owned life insurance
150	152	155	157	160	161	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
412	604	1,304	1,791	2,388	2,952	4,796	4,820	4,932	4,794	2,916	2,466	-9,462	-10,081	0	0	0	-	-	-	-	-	-	-	-	8,708	9,381	1,674	1,862	2,206	3,009	3,008	1,354	1,159	0	0	0
Decrease in accrued interest receivable
-357	-390	-175	1	178	208	186	319	192	391	179	-39	2	-31	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in other assets
-1,529	32	1,027	2,641	2,261	-132	325	527	529	-246	-602	-2,937	-2,300	-1,823	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accrued interest receivable and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,452	-1,300	-640	-1,198	261	223	1,111	579	309	-512	-3,262	-2,444	-2,261	-2,013	-391	-2,002	-2,091	0	0	0
Increase in accrued expenses and other liabilities
-1,843	86	-120	2,470	3,474	-186	3,414	562	-291	-1,125	-1,637	-4,100	-5,823	-2,844	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-8,663	6,790	389	1,880	10,870	5,717	8,733	2,881	3,651	10,881	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	8,991	2,574	5,451	5,783	12,719	10,549	9,412	13,322	0	0	0
Cash flows from investing activities:
Increase in accrued interest payable and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,445	1,047	1,206	2,649	-453	687	-235	-1,117	1,233	910	2,188	1,601	723	275	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,825	1,153	4,312	-4,765	-422	1,340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal collected on mortgage-backed securities held to Maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,855	3,175	2,465	1,883	1,355	878	335	258	256	246	208	210	139	21	91	170	314	0	0	0
Loan principal repayments, net of (disbursements)
-38,660	-37,476	-29,225	-8,510	3,115	13,440	36,175	52,852	57,659	56,497	37,022	12,523	7,995	11,205	15,309	5,989	-25,803	-43,555	-30,336	-1,455	16,370	31,752	39,136	31,512	21,303	11,330	-21,259	-23,960	-24,914	-28,583	-32,798	-54,443	-55,112	-66,071	0	0	0
Redemption of restricted stock investments
-557	-1,335	-1,335	-1,270	-1,888	-623	-833	-49	143	-614	-701	-1,889	-1,082	-693	-396	369	30	-310	-310	-310	-308	-254	-254	-254	-299	-330	-330	-424	-753	-423	0	0	0	-	-	-	-
Investment in foreclosed real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	925	1,056	953	682	374	241	125	282	502	0	0	0
Purchases of premises and equipment, net
814	842	860	780	715	918	813	674	570	342	450	831	903	903	766	386	221	268	357	294	281	431	406	439	513	578	614	594	630	311	226	258	111	139	0	0	0
Activity in securities held to maturity:
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	3,562	7,193	11,731	28,851	27,830	0	0	0	-	-	-	-	-	-	-	-	1,045	3,128	6,216	16,452	21,530	0	0	0
Maturities/calls/repayments
12,957	12,850	12,705	12,818	14,002	15,263	15,300	17,586	15,751	14,937	15,556	13,721	17,775	16,526	14,700	12,901	8,293	7,000	6,000	5,000	5,000	5,000	5,000	4,000	4,000	5,000	5,000	6,000	8,000	7,000	7,000	8,000	7,000	8,000	0	0	0
Activity in available-for-sale securities:
Purchases
0	-	-	-	-	2,000	8,816	8,816	8,824	14,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities/calls/repayments
8,440	7,215	0	0	0	-	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of real estate acquired through foreclosure
0	-	-	-	-	171	801	801	1,087	1,170	981	981	1,797	2,170	2,036	2,206	2,185	2,428	5,227	5,818	5,488	8,174	7,871	10,530	11,416	8,586	10,035	11,116	16,431	19,530	16,656	15,001	12,813	13,619	0	0	0
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,428	29,050	20,492	-6,902	-25,521	-38,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
46,086	51,549	46,859	24,164	13,094	-301	-29,319	-45,236	-66,964	-70,731	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	51,325	40,161	48,996	53,945	53,500	71,644	58,999	66,582	0	0	0
Cash flows from financing activities:
Net (decrease) increase in deposits
-19,661	-118,457	-37,023	63,801	119,957	177,278	100,685	41,989	-3,846	30,282	36,882	39,949	69,029	48,175	19,964	-4,435	-21,802	-20,043	-1,097	-11,668	-16,429	-27,435	-43,172	-27,491	-30,936	-28,145	-28,857	-60,382	-56,573	-53,363	-68,945	-44,189	-67,825	-62,019	0	0	0
Net increase in short-term borrowings
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional long-term borrowings
-	-	-	-	-	46,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
-	38,500	35,000	37,500	81,500	61,500	86,450	103,950	69,950	74,950	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends
1,931	1,800	1,659	1,531	1,526	1,511	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21,799	-19,947	-1,001	-11,572	-16,333	-27,432	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
-	-	-	-	-	70	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of stock options
193	260	371	358	399	374	0	0	0	-	-	-	-	-	-	-	3	96	96	96	96	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from common stock issuance
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-34,888	-158,486	-73,311	29,128	70,830	161,071	79,047	39,299	-1,837	14,689	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,857	-60,090	-56,574	-53,726	-69,671	-45,569	-69,275	-63,469	0	0	0
Increase (decrease) in cash and cash equivalents
2,535	-100,147	-26,063	55,172	94,794	166,487	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-11,638	-23,454	30,359	23,423	-10,928	-74	1,454	10,256	23,803	-23,239	-42,276	-65,041	-88,177	-32,725	-9,134	4,984	31,459	-17,355	-2,127	6,002	-3,452	36,624	-864	16,435	0	0	0
Supplemental Noncash Disclosures:
Interest paid on deposits and borrowed funds
9,034	9,354	9,582	9,566	9,196	8,578	8,089	7,808	7,643	7,773	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
0	-	-	-	-	103	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on deposits and borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,959	7,991	7,990	7,921	7,876	7,874	7,948	7,908	8,372	8,655	9,042	10,124	11,049	12,355	13,537	14,391	23,305	15,582	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	273	299	303	3	9	84	918	1,444	1,437	1,361	526	0	2	2	478	478	476	0	0	0
Real estate acquired in satisfaction of loans
-	1,342	0	0	0	-	-	-	-	703	908	1,013	1,506	1,575	1,697	1,404	1,832	2,234	2,041	2,099	1,833	847	1,183	5,824	5,740	10,169	12,009	9,624	13,077	13,248	13,630	16,970	16,987	16,295	0	0	0
Initial recognition of operating lease right-of-use asset
-	2,684	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liability
-	2,684	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers of loans held for sale to loan portfolio
-	648	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-