Stock yards bancorp, inc. (SYBT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income

66,067

55,517

38,043

41,027

37,187

34,822

27,170

25,801

23,604

22,953

16,308

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses

1,000

2,705

2,550

3,000

750

-400

6,550

11,500

12,600

11,469

12,775

Depreciation, amortization and accretion, net

4,880

5,782

13,640

11,142

6,902

7,413

7,969

4,964

4,019

3,274

2,554

Impairment loss on available-for-sale securities

-

-

-

-

103

0

-

-

-

-

-

Deferred income tax

-5,852

-268

3,971

276

847

-318

570

-2,933

-2,068

-1,556

-1,949

Loss on sale of securities available for sale

0

0

-232

-

0

-9

-5

-

-

159

-339

Gain on other investment activities

0

113

92

588

0

-

-

-

-

-

-

Gain on sales of mortgage loans held for sale

1,907

1,443

1,989

2,482

2,167

1,576

2,657

4,321

2,122

2,321

2,163

Origination of mortgage loans held for sale

108,020

71,807

97,623

123,347

116,385

89,069

149,745

241,128

126,306

173,112

231,399

Proceeds from sale of mortgage loans held for sale

102,854

74,539

99,861

129,416

115,499

88,655

164,692

235,783

136,434

176,295

223,263

Bank owned life insurance income

1,031

1,129

1,159

871

889

927

1,031

1,006

1,019

995

988

Loss on the sale of foreclosed assets

-

-

-

-

-

-

-

-

-

-27

46

(Gain)/Loss on the disposal of premises and equipment

-372

-56

0

-202

51

-33

-51

-190

-382

-2

-

Increase in value of private investment fund

-

-

-

-

-

-

-

637

-421

606

459

Gain on the sale of other real estate owned

-7

102

39

409

-147

271

-652

-1,410

-1,716

-

-

Recovery of impairment loss on other assets held for investment

-

-

-

-

0

0

-

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

449

-

-

-

-

Stock compensation expense

3,578

4,027

2,892

2,473

2,134

2,016

1,940

1,481

1,165

952

691

Excess tax benefits from share-based compensation arrangements

812

549

1,463

1,705

673

378

265

83

125

140

244

Net change in accrued interest receivable and other assets

2,786

582

13,848

-

-

-

-

-

-

-

-

Valuation losses reversal of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-176

Net change in accrued interest receivable and other assets

-

-

-

7,438

2,540

235

-736

-769

-3,533

6,959

6,374

Net change in accrued interest payable and other liabilities

85

-744

8,700

12,566

2,307

112

2,141

-19,840

-7,805

7,520

916

Net cash provided by operating activities

58,436

65,889

53,676

63,262

43,171

39,886

58,329

14,796

44,429

36,644

13,048

Investing activities:
Purchases of securities available for sale

702,441

768,407

661,086

478,798

384,260

328,894

443,969

488,390

404,514

254,332

268,064

Proceeds from sales of securities available for sale

12,427

0

421

0

5,934

7,732

696

0

-

27,064

7,774

Proceeds from maturities and paydowns of securities available for sale

678,039

901,512

652,411

468,271

320,952

304,078

406,385

452,447

300,620

210,907

203,756

Purchase of Federal Home Loan Bank stock

0

2,724

2,254

-

0

-

-

-

-

-

-

Proceeds from redemption of Federal Home Loan Bank stock

591

0

955

-

0

-

-

-

-

-

-

Proceeds from redemption of acquired Federal Reserve Bank stock

490

0

0

-

-

-

-

-

-

-

-

Proceeds from redemption of interest bearing due from banks

1,761

0

0

-

-

-

-

-

-

-

-

Proceeds from liquidation of private investment fund

-

-

-

-

0

-

-

2,846

-

-

-

Proceeds from maturities of securities held to maturity

-

-

-

-

-

-

-

-

20

15

8

Net change in loans

131,734

137,835

105,867

275,718

168,832

156,200

112,156

53,599

57,037

84,559

84,624

Purchases of premises and equipment

5,098

7,057

2,786

6,327

3,459

2,525

2,365

3,301

8,249

6,173

2,607

Proceeds from sales of premises and equipment

2,907

230

0

66

0

344

-

3

7

4

-

Proceeds from surrender of acquired bank owned life insurance

3,431

0

0

-

-

-

-

-

-

-

-

Proceeds from bank owned life insurance mortality benefit

1,878

0

977

-

0

-

-

-

-

-

-

Other investment activities

2,766

1,184

-92

-1,108

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

2,028

3,895

2,432

1,826

2,541

5,507

6,578

2,976

7,206

1,808

1,012

Cash for acquisition, net of cash acquired

24,686

0

0

-

-

-

-8,963

-

-

-

-

Proceeds from the sale of other assets held for investment

-

-

-

-

0

0

-

-

-

-

-

Net cash used in investing activities

-163,173

-11,570

-114,705

-289,572

-227,124

-169,958

-135,868

-89,864

-161,947

-105,266

-142,745

Financing activities:
Net change in deposits

213,913

216,061

57,747

148,846

248,075

142,690

78,809

163,954

124,271

75,284

147,259

Net change in securities sold under agreements to repurchase and federal funds purchased

-5,125

-185,484

116,856

27,966

-29,946

-961

39,551

-27,702

17,788

14,672

4,322

Proceeds from Federal Home Loan Bank advances

120,000

120,000

120,000

289,000

108,200

42,740

12,510

31,462

-

50,000

20,460

Net decrease in other short-term borrowings

-

-

-

-

-

-

-

-

-1,998

189

677

Repayments of Federal Home Loan Bank advances

131,726

121,281

121,617

281,393

101,564

40,237

10,063

60,011

11

50,011

30,007

Repayment of acquired bank holding company line of credit

2,300

0

0

-

-

-

-

-

-

-

-

Issuance of common stock for stock appreciation rights and performance stock units

-

-

-

-

3,249

-

-

-

-

-

-

Prepayment penalty on modification of Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

1,336

-

Redemption of acquired bank subordinated debentures

3,609

0

0

-

-

-

30,900

10,000

-

30

30

Issuance of common stock for options and dividend reinvestment plan

-

-

-

-

-

2,473

2,435

961

705

1,106

1,687

Excess tax benefits from stock-based compensation arrangements

-

-

-

1,705

673

378

265

83

125

140

244

Repurchase of common stock

11,817

2,004

2,389

1,918

918

616

331

205

167

396

393

Share repurchases related to compensation plans

-272

-154

-216

2,337

-

-

-

-

-

-

-

Cash dividends paid

23,542

21,766

18,077

16,093

14,224

12,924

11,670

10,691

9,930

11,765

9,211

Net cash provided by (used in) financing activities

155,522

5,372

152,304

170,450

213,545

133,543

80,606

87,851

130,783

77,853

135,008

Net change in cash and cash equivalents

50,785

59,691

91,275

-55,860

29,592

3,471

3,067

12,783

13,265

9,231

5,311

Supplemental cash flow information:
Interest paid

22,666

14,827

7,158

4,901

-

-

-

-

-

19,390

25,444

Income taxes paid, net of refunds

13,938

7,227

15,838

12,860

-

-

-

-

-

8,945

9,155

Supplemental non-cash activity:
Initital recognition of right-of-use lease assets

16,747

0

0

-

-

-

-

-

-

-

-

Initital recognition operating lease liabilities

18,067

0

0

-

-

-

-

-

-

-

-

Loans purchased and not settled

0

4,992

0

-

-

-

-

-

-

-

-

Loans transferred to OREO

1,160

2,170

0

1,916

-

-

-

-

-

-

-

Fair value of assets acquired

204,613

0

0

-

-

-

-

-

-

-

-

Cash paid in acquisition

28,000

0

0

-

-

-

-

-

-

-

-

Liabilities assumed

176,613

0

0

-

-

-

-

-

-

-

-

Transfers from loans to other real estate owned

-

-

-

-

-

-

-

-

-

5,776

759