Stock Yards Bancorp, Inc. SYBT Cash Flow

Stock yards bancorp, inc. (SYBT)

CashFlow / Quarterly

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
Operating activities:
Net income
13,232	16,649	17,234	16,543	15,641	14,658	13,876	13,579	13,404	4,946	11,704	10,602	10,791	10,616	10,467	10,109	9,835	9,646	9,284	9,002	9,255	8,722	9,889	8,034	8,177	6,313	7,682	6,407	6,768	6,514	6,682	6,103	6,502	6,342	5,774	5,997	5,491
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses
5,550	0	400	0	600	0	735	1,235	735	900	150	600	900	500	1,250	750	500	750	0	0	0	0	-2,100	1,350	350	1,575	1,325	1,325	2,325	2,475	2,475	2,475	4,075	3,100	4,100	2,600	2,800
Depreciation, amortization and accretion, net
1,211	1,911	1,290	896	783	1,826	1,276	1,354	1,326	6,792	2,449	2,119	2,280	3,126	2,724	2,630	2,662	1,814	1,714	1,702	1,672	4,187	0	1,538	1,688	3,029	1,792	1,683	1,465	705	1,842	1,232	1,185	1,076	1,026	1,451	466
Deferred income tax
277	-928	-965	-2,931	-1,028	222	-530	-448	488	5,782	-1,294	-542	25	596	-767	-732	1,179	-479	155	81	1,090	-66	0	-953	701	1,799	-293	216	-1,152	-1,446	-430	-343	-714	-887	-546	-488	-147
Gain on sales of mortgage loans held for sale
769	656	532	481	238	261	413	455	314	536	490	557	406	657	722	641	462	556	478	573	560	807	0	428	341	324	659	807	867	1,439	1,277	866	739	725	574	441	382
Origination of mortgage loans held for sale
30,974	38,037	31,902	24,735	13,346	12,844	21,160	19,558	18,245	22,766	25,689	28,329	20,839	32,152	33,762	36,645	20,788	25,388	27,536	36,361	27,100	24,737	22,969	23,746	17,617	20,003	36,250	46,456	47,036	74,831	70,595	48,340	47,362	50,036	33,317	22,141	20,812
Proceeds from sale of mortgage loans held for sale
32,350	36,274	30,027	24,275	12,278	13,963	21,093	22,199	17,284	25,797	23,775	29,715	20,574	35,555	34,930	34,865	24,066	24,683	30,712	35,178	24,926	25,496	23,432	23,485	16,242	22,399	40,160	44,759	57,374	75,640	65,063	49,533	45,547	57,392	27,318	20,411	31,313
Bank owned life insurance income
179	182	487	184	178	565	186	191	187	195	204	556	204	214	216	220	221	219	222	226	222	228	229	234	236	260	260	259	252	263	226	260	257	258	257	255	249
(Gain)/Loss on the disposal of premises and equipment
231	-366	0	-2	-4	-48	-22	8	6	0	0	0	0	-	-	-	-	54	-8	14	-9	-63	0	0	30	-	-	-	-	-	-	-	-	0	0	-69	-313
Increase in value of private investment fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10	627	282	-601	-208	106
Gain on the sale of other real estate owned
0	-70	0	41	22	-7	0	0	109	0	103	-64	0	27	-61	110	333	6	12	-145	-20	-71	-7	6	343	-286	-475	74	35	-233	-969	-233	25	-1,679	-5	-24	-8
Stock compensation expense
817	846	876	993	863	1,104	888	1,212	823	880	670	682	660	827	573	560	513	573	566	494	501	557	691	478	290	467	488	454	531	363	378	391	349	296	305	317	247
Excess tax benefits from share-based compensation arrangements
60	100	320	81	311	22	2	209	316	110	233	107	1,013	742	443	116	404	307	73	139	154	121	88	20	149	156	68	23	18	26	27	15	15	38	10	33	44
Net change in accrued interest receivable and other assets
5,018	-4,510	3,867	2,192	1,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in accrued interest receivable and other assets
-	-	-	-	-	-	-	-	-112	-	1,636	2,890	1,125	1,293	899	472	4,774	1,491	1,435	-149	-237	1,342	-523	-70	-514	2,941	-1,196	-1,051	-1,430	-2,725	683	938	335	-196	-2,386	-1,156	205
Net change in accrued interest payable and other liabilities
-3,509	-2,084	6,143	-1,220	-2,754	2,722	-3,713	3,963	-3,716	-9,362	11,179	2,936	3,947	-1,687	1,932	6,450	5,871	-202	6,812	-1,267	-3,036	-1,937	-288	4,427	-2,090	-2,357	4,120	-1,338	1,716	-23,234	2,131	-5,692	6,955	861	198	-2,978	-5,886
Net cash provided by operating activities
12,697	18,782	17,755	10,844	11,055	17,609	12,204	24,797	11,279	4,102	20,247	13,737	15,590	13,899	15,291	16,428	17,644	8,867	19,495	8,171	6,638	9,858	8,868	14,004	7,156	9,856	19,708	6,516	22,249	-12,441	6,306	6,392	14,539	18,716	7,009	5,897	12,807
Investing activities:
Purchases of securities available for sale
85,100	260,221	68,459	199,271	174,490	168,577	199,919	199,965	199,946	238,896	170,994	151,208	99,988	151,087	99,997	109,799	117,915	180,795	110,735	22,066	70,664	108,598	95,746	54,695	69,855	161,707	81,010	94,504	106,748	158,198	115,847	93,337	121,008	155,085	116,610	70,820	61,999
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	5,934	0	0	7,732	0	-5	0	-128,491	129,192	-	-	-	-	-	-	-	-
Proceeds from maturities and paydowns of securities available for sale
118,060	164,133	117,539	288,243	108,124	286,586	222,071	221,547	171,308	232,232	175,169	130,713	114,297	112,328	123,118	113,210	119,615	114,218	21,856	76,376	108,502	47,130	59,551	74,325	123,072	-	-	-	-	131,043	88,233	109,038	124,133	89,514	89,266	74,082	47,758
Purchase of Federal Home Loan Bank stock
-	-	-	-	-	0	0	1,494	1,230	935	0	1,319	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from redemption of Federal Home Loan Bank stock
0	0	0	1	590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	16	4
Net change in loans
85,733	-10,374	92,828	67,080	-17,800	8,839	-41,847	66,338	104,505	75,413	25,769	36,856	-32,171	83,925	47,188	81,945	62,660	78,608	57,628	26,952	5,644	89,452	-13,659	71,720	8,687	16,999	46,823	29,685	18,649	9,293	5,133	48,202	-9,029	10,602	4,932	26,292	15,211
Purchases of premises and equipment
1,564	919	858	1,322	1,999	2,140	2,223	1,583	1,111	1,053	894	531	308	474	1,193	3,491	1,169	323	521	887	1,728	1,008	314	694	509	558	1,021	436	350	70	311	815	2,105	1,969	1,530	2,571	2,179
Proceeds from sales of premises and equipment
1,222	346	2,516	5	40	0	0	15	215	0	-207	207	0	-	-	-	-	-	-	-	-	0	0	0	344	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank owned life insurance mortality benefit
0	969	0	1	908	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investment activities
618	0	1,234	708	824	-1,387	29	2,193	349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other real estate owned
0	1,160	0	356	512	1,035	0	202	2,658	0	648	741	1,043	423	2	888	513	209	512	1,548	272	739	465	341	3,962	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of other real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,778	-	-	-	707	-	-	-	252
Net cash used in investing activities
-53,733	-84,160	-43,324	13,650	-49,339	109,452	61,747	-49,809	-132,960	-82,590	-22,047	-57,283	47,215	-121,561	-25,258	-81,137	-61,616	-145,299	-146,516	28,019	36,672	-151,189	-22,385	-44,711	48,327	-107,170	-45,695	11,774	5,223	-36,014	-32,794	-31,812	10,756	-76,889	-33,146	-20,537	-31,375
Financing activities:
Net change in deposits
64,920	187,571	62,806	5,352	-41,816	196,318	57,577	-32,903	-4,931	96,329	3,420	-65,709	23,707	129,951	40,649	-16,152	-5,602	230,124	69,813	-38,464	-13,398	115,806	20,426	8	6,450	98,486	17,607	7,525	-44,809	91,663	25,741	36,972	9,578	41,179	44,189	15,906	22,997
Net change in securities sold under agreements to repurchase and federal funds purchased
-	-347	-2,692	-2,596	510	-238,886	-60,041	62,143	51,300	-1,999	7,337	149,811	-38,293	-28,733	-27,889	86,727	-2,139	-42,655	51,950	3,394	-42,635	33,698	-32,238	44,305	-46,726	29,824	2,750	-5,126	12,103	2,162	-14,001	7,297	-23,160	20,069	-4,554	5,615	-3,342
Proceeds from Federal Home Loan Bank advances
30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	90,000	39,000	130,000	30,000	30,000	15,000	53,200	10,000	10,000	10,920	11,820	10,000	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in other short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,265	22	89	-844
Repayments of Federal Home Loan Bank advances
40,824	32,106	32,370	36,926	30,324	30,323	30,321	30,319	30,318	30,652	30,323	30,322	30,320	90,291	30,636	130,234	30,232	30,231	10,156	51,089	10,088	10,087	10,068	10,041	10,041	10,028	12	13	10	30,003	30,003	2	3	3	3	2	3
Repurchase common stock for performing stock units
-	-	-	-	-	-	-	-	-	-	0	0	216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock for stock appreciation rights and performance stock units
-	-	-	-	-	-	-	-	-156	-	-	-	-	-	554	550	495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of acquired bank subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	-	-	-	-
Issuance of common stock for options and dividend reinvestment plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	428	1,399	167	1,028	819	163	463	1,175	785	414	61	376	297	158	130	231	93	161	220
Excess tax benefits from stock-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	742	443	116	404	307	73	139	154	121	88	20	149	156	68	23	18	26	27	15	15	38	10	33	44
Repurchase of common stock
-	-	-	-	-	2,004	-2,086	707	1,379	276	167	57	1,889	384	451	63	1,020	8	10	61	839	52	9	36	519	16	15	14	286	1	2	13	189	0	0	2	165
Share repurchases related to compensation plans
-1,485	-	-	-	-1,953	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
6,119	6,073	5,848	5,889	5,732	5,662	5,663	5,234	5,207	4,744	4,514	4,533	4,286	4,281	4,044	4,039	3,729	3,721	3,559	3,551	3,393	3,390	3,234	3,225	3,075	3,068	2,908	2,902	2,792	2,782	2,638	2,636	2,635	2,489	2,485	2,482	2,474
Net cash provided by (used in) financing activities
45,823	178,888	45,744	-19,795	-49,315	-48,602	-8,471	23,136	39,309	88,658	5,753	79,190	-21,297	97,742	17,626	66,905	-11,823	185,071	123,539	-35,033	-60,032	147,124	-13,296	43,014	-43,299	97,564	18,850	-93	-35,715	63,775	8,549	41,791	-26,264	57,760	37,272	19,318	16,433
Net change in cash and cash equivalents
4,787	113,510	20,175	4,699	-87,599	78,459	65,480	-1,876	-82,372	10,170	3,953	35,644	41,508	-9,920	7,659	2,196	-55,795	48,639	-3,482	1,157	-16,722	5,793	-26,813	12,307	12,184	250	-7,137	18,197	-8,243	15,320	-17,939	16,371	-969	-413	11,135	4,678	-2,135
Supplemental cash flow information:
Interest paid
4,657	5,147	6,199	5,895	5,425	5,011	4,319	3,114	2,383	2,049	1,922	1,750	1,437	1,265	1,198	1,199	1,239	-	1,202	1,201	1,237	-	1,334	1,350	1,379	-	2,262	2,324	2,398	-	2,975	3,022	3,260	-	3,850	4,053	4,000
Income taxes paid, net of refunds
0	4,657	3,899	5,382	0	-	-	-	-	4,775	6,590	4,473	0	3,670	3,700	5,490	0	-	3,403	6,773	1	-	-	-	-	-	1,100	4,730	400	-	-	-	-	-	-	-	-
Cash paid for operating lease liabilities
393	-	-	-	354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental non-cash activity:
Unfunded commitments in tax credit investments
5,503	-	-	-	2,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initital recognition of right-of-use lease assets
0	0	0	0	16,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initital recognition operating lease liabilities
0	0	0	0	18,067	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred to OREO
0	1,160	0	0	0	455	1,244	201	270	0	0	0	0	394	11	1,365	146	-	811	86	146	-	275	368	1,137	-	241	2,042	99	-	-	-	-	-	-	-	-
Transfers from loans to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,666	208	1,462	-	2,229	3,136	4,463