Atlantic union bankshares corp (UBSH)
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
Operating activities:
Net income

7,089

55,836

53,239

48,822

35,631

44,085

38,197

47,327

16,639

15,186

20,657

17,956

19,124

20,777

20,401

19,337

16,961

17,815

18,215

15,348

15,701

14,965

14,817

14,674

7,708

7,974

7,946

9,463

8,983

9,442

9,626

8,420

7,923

8,360

9,071

6,820

6,194

Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities:
Depreciation of premises and equipment

3,831

3,894

3,770

3,730

3,638

3,314

3,426

3,505

3,480

2,876

2,876

2,786

2,645

2,598

2,634

2,472

2,511

2,679

2,723

2,669

2,705

2,582

2,690

2,800

2,670

1,482

1,496

1,500

1,546

1,582

1,637

1,718

1,694

1,710

1,693

1,663

1,649

Write-down of foreclosed properties and former bank premises

95

744

310

800

52

140

42

383

759

1,046

588

19

238

138

479

274

126

4,229

473

710

590

381

6,192

817

256

300

491

0

0

-

-

-

-

-

-

-

-

Amortization, net

6,164

5,911

6,116

8,137

4,780

3,270

3,584

1,973

3,776

3,521

3,523

3,581

3,396

3,314

3,396

3,424

3,421

4,871

3,134

3,321

3,625

5,446

3,762

3,664

3,465

1,640

8,077

1,122

1,476

2,481

4,036

3,775

3,595

14,872

2,118

1,611

1,571

Amortization (accretion) related to acquisition, net

-5,262

-2,699

-496

-3,080

-1,624

-697

-741

-2,582

-2,691

-708

-228

-74

144

2,934

-323

-343

-734

2,998

-470

-334

-371

-155

716

-139

-167

-

-

-

-

-

-

-

-

-

-

-

-

Gains on securities transactions, net

1,936

-

-

-

151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

60,196

2,900

9,100

5,300

3,792

-

-

-

-

-

-

-

2,122

1,724

2,472

2,300

2,604

2,010

2,062

3,749

1,750

-

-

-

-

1,206

1,800

1,000

2,050

3,300

2,400

3,000

3,500

2,400

3,600

4,500

6,300

Provision for credit losses

-

-

-

-

-

-

3,423

1,907

3,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on securities transactions, net

-

-

-

-

-

161

97

-88

213

18

184

117

481

60

-1

3

143

814

75

404

193

246

994

426

29

-26

5

53

-11

186

-1

10

-5

-

-

-

-

BOLI income

2,049

2,120

2,062

2,074

2,055

2,072

1,731

1,728

1,667

1,307

539

1,335

2,125

1,391

1,388

1,362

1,372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in loans held for sale, net

21,285

-16,803

9,300

34,196

7,485

-360

-39,830

12,463

-12,935

9,766

-10,239

21,159

-16,511

-10,327

8,700

13,005

-10,921

-3,283

-137

-6,598

3,529

11,563

-32,153

14,869

-15,809

-4,994

-51,216

-17,711

-40,592

25,733

41,899

26,491

-1,248

13,037

11,366

-164

-23,390

Losses (gains) on sales of foreclosed properties and former bank premises, net

-141

42

3

-100

-47

-193

328

-89

174

-60

-155

36

36

-61

277

-6

7

340

20

-138

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gains) losses on the sale of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

499

0

-16

Gains (losses) on sales of other real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

7

23

-

-366

-142

284

-189

-236

-179

-27

-

-

-

-

Losses (gains) on sales of premises, net

-

-

-

-

-

-

-

-

-

-

-

-1

-26

-

-25

-27

-45

9

-24

-17

-57

200

-80

-71

-233

-3

-7

-34

-296

-32

-309

374

-31

-

-

-

-

(Gain) Loss on sales of other real estate owned and bank premises, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

791

299

Stock-based compensation expenses

2,291

1,969

2,159

2,334

1,870

1,550

1,547

1,812

1,223

1,176

970

1,354

1,148

986

797

846

641

431

554

13

390

117

308

180

374

267

297

7

318

314

323

377

238

250

232

145

90

Issuance of common stock for services

204

212

279

200

219

217

301

212

184

163

163

222

176

154

139

140

100

118

246

100

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease (increase) in other assets

111,854

-18,770

21,692

36,745

17,681

10,336

-5,608

3,662

18,216

10,737

-961

-1,750

-2,241

3,641

2,620

-6,045

14,594

-3,153

-69

-501

1,031

2,451

715

10,916

-23,978

1,122

28,406

-870

-1,281

-2,209

4,151

835

-604

7,352

-411

909

-4,761

Net increase in other liabilities

110,731

-31,402

28,602

23,653

-7,943

7,722

-1,249

1,304

16,228

4,443

5,301

-9,739

5,347

-13,090

9,272

926

994

-3,471

11,904

-11,293

80

8,267

-362

201

-3,542

-918

4,453

-3,525

6,338

-1,643

-3,960

918

5,672

-13,208

12,297

639

-1,888

Net cash and cash equivalents provided by (used in) operating activities

48,356

85,464

79,315

16,930

13,090

70,127

92,745

18,130

35,763

14,970

47,505

-2,618

50,476

22,177

26,954

21,770

22,942

31,759

39,054

19,532

20,578

19,047

59,279

-2,172

51,066

18,413

47,738

28,271

62,607

-5,763

-31,442

-9,323

24,537

-4,597

17,839

15,424

42,382

Investing activities:
Purchases of AFS securities and restricted stock

208,318

132,278

58,796

107,131

146,193

120,847

424,089

348,163

154,512

92,993

81,554

70,629

53,782

99,157

37,173

38,955

83,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of HTM securities

0

0

0

0

47,217

257,525

187,959

40,145

0

0

0

2,958

4,878

2,390

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of AFS securities and restricted stock

120,701

27,145

98,976

179,700

208,249

178,655

27,593

193,666

115,850

47,135

39,285

31,320

21,306

51,244

2,848

892

14,532

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,154

92,186

29,863

-

60,083

49,926

241,144

122,376

71,760

51,189

54,999

29,489

36,071

51,852

43,339

87,483

57,423

31,766

40,971

Proceeds from sales of securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,771

45,658

12,499

-

14,370

0

259,077

511

27,258

30

15,555

-

-

-

-

-

-

-

-

Proceeds from maturities, calls and paydowns of AFS securities

81,240

70,946

68,709

54,676

53,439

55,784

47,160

36,744

33,909

26,449

29,333

33,175

26,167

31,728

27,528

27,263

29,151

32,512

40,046

35,953

34,133

32,266

42,942

36,597

31,851

23,615

28,277

37,143

40,907

42,090

42,332

43,054

40,602

39,201

26,681

28,063

32,841

Proceeds from maturities, calls and paydowns of HTM securities

2,042

619

1,113

90

1,320

0

0

0

0

4,230

-91

-92

1,001

845

1,231

610

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in loans held for investment

150,890

369,886

22,745

267,124

81,391

306,857

124,806

71,550

201,369

243,701

130,300

218,409

246,258

157,861

207,657

161,176

110,513

127,461

60,390

124,048

44,401

175,597

-59,289

-38,263

-3,292

43,396

6,488

29,947

12,080

68,827

25,141

52,137

32,534

7,180

-38,837

-10,882

-19,587

Net increase in premises and equipment

3,994

4,345

5,856

4,231

1,460

-6,032

1,681

1,751

902

2,122

1,866

2,117

3,156

1,237

2,043

1,174

1,885

1,329

-743

938

2,346

12,386

-383

-2,658

-2,221

7,740

-1,169

-1,235

-577

-371

1,872

-1,481

-2,122

-1,724

-1,035

-1,181

-1,526

Proceeds from sales of foreclosed properties and former bank premises

2,095

6,789

4,294

864

171

2,678

889

1,571

1,157

1,420

647

175

206

855

2,844

799

1,339

3,935

765

2,895

2,714

7,879

2,216

3,913

3,800

2,484

1,694

2,514

877

4,004

2,071

5,592

1,485

3,683

3,286

3,691

3,580

Improvements to OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9

243

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Improvements to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-266

-164

-30

-23

-15

-24

-319

-

-

-

-37

Cash paid for equity-method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

355

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid in acquisitions

0

0

0

0

12

20

3,356

4,758

6,170

231

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired in acquisitions

0

0

0

0

46,164

-19

288

9

174,218

5,038

0

0

0

-

-

-

-

-

-

-

-

0

0

0

49,989

-

-

-

-

-

-

-

-

-

-

-

-

Net cash and cash equivalents provided by (used in) investing activities

-157,124

-401,010

85,695

-143,156

33,070

-413,206

-665,961

346,947

-37,819

-254,775

-142,049

-229,535

-259,394

-175,973

-212,422

-175,611

-151,111

-153,269

-61,433

-132,909

-27,675

-182,619

58,148

26,130

104,644

-143,041

-22,454

-42,848

-10,347

-35,858

-16,349

-53,265

-36,227

-43,596

28,711

-16,481

13,474

Financing activities:
Net increase in noninterest-bearing deposits

97,434

-185,035

140,278

50,783

185,099

-95,280

-3,040

135,502

43,846

-36,431

33,579

10,771

97,174

-48,643

49,534

29,491

-9,694

34,892

48,369

14,741

75,557

-4,965

5,424

180,256

-85,051

-5,525

28,896

2,311

20,091

41,627

12,517

26,946

30,276

-8,157

22,181

8,580

22,698

Net increase in interest-bearing deposits

150,670

445,452

389,070

-24,356

106,490

231,989

41,055

-15,500

93,540

141,205

83,813

139,468

137,532

169,626

113,146

120,353

-8,260

110,191

-13,837

100,120

-43,024

11,222

-103,940

-129,365

57,387

-

-

-

-

-

-

-

10,326

-

29,642

-41,012

-26,141

Net increase in NOW accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,967

-

-

-

-

-

-

-

-

Net increase (decrease) in money market accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,857

-

-

-

-

-

-

-

-

Net increase in savings accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,697

-

-

-

-

-

-

-

-

Net decrease in time deposits of $100,000 and over

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-658

-

-

-

-

-

-

-

-

Net decrease in other time deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,258

-

-

-

-

-

-

-

-

Net increase (decrease) in short-term borrowings

528

24,393

-277,060

-324,554

-295,008

30,923

263,675

-260,394

24,441

176,815

-19,206

69,456

-9,694

-88,944

-12,537

120,285

169,000

-42,440

50,737

6,246

-12,959

158,876

-13,759

-32,005

-38,901

112,753

21,784

57,371

-60,223

-21,846

78,722

22,351

-9,952

-7,455

-9,774

13,999

-26,742

Cash paid for contingent consideration

-

-

-

-

-

-

-

-

-

0

0

738

2,265

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-122

-122

-122

Net increase (decrease) in long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,475

518

509

-

637

445

436

566

564

555

549

555

-19,365

122

122

-

-

-

-

Cash dividends paid - common stock

19,825

20,106

20,525

18,876

18,838

15,176

15,176

13,841

13,808

9,186

8,741

8,739

8,727

8,715

8,272

8,275

8,410

8,082

7,273

7,296

6,431

6,474

6,517

6,171

6,332

3,239

3,233

2,999

3,064

2,911

2,426

1,938

1,694

1,824

1,823

1,823

1,814

Cancellation of warrants

-

-

-

-

-

-

0

0

1,530

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid - preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

575

462

462

462

Repurchase of common stock

49,879

-

-

-

0

-

-

-

-

-

-

-

-

1

2,486

6,962

23,728

8,265

3,865

1,743

2,387

9,122

9,571

20,941

12,965

0

0

0

9,499

11,583

-1

-1

2,864

-

-

-

-

Issuance of common stock

777

170

694

986

138

17

964

439

927

68

397

44

528

676

271

165

317

362

146

273

147

158

129

485

458

-

-

-

-

-

-

-

-

250

109

80

135

Vesting of restricted stock, net of shares held for taxes

2,010

220

127

307

1,647

407

103

128

2,270

254

247

18

1,048

141

47

21

377

130

62

11

213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,515

-

-1

6

14

-

-

-

-

-

-

0

-1

Net cash and cash equivalents provided by (used in) financing activities

177,695

159,658

106,432

163,111

-23,766

322,066

277,375

-129,487

145,146

262,217

89,595

230,244

213,500

176,858

124,609

237,536

118,848

84,976

64,740

112,848

11,199

148,140

-127,615

-7,328

-86,483

122,569

-21,749

9,231

-58,269

62,189

37,741

23,789

26,214

-4,925

39,994

-20,516

-32,203

Increase (decrease) in cash and cash equivalents

68,927

-155,888

271,442

36,885

22,394

-21,013

-295,841

235,590

143,090

22,412

-4,949

-1,909

4,582

23,062

-60,859

83,695

-9,321

-36,534

42,361

-529

4,102

-15,432

-10,188

16,630

69,227

-2,059

3,535

-5,346

-6,009

20,568

-10,050

-38,799

14,524

-53,118

86,543

-21,572

23,653

Supplemental Disclosure of Cash Flow Information
Cash payments for:
Interest

34,755

41,867

40,229

42,967

34,871

32,013

23,077

26,126

18,011

13,828

11,523

14,283

8,141

7,764

7,600

7,214

6,998

6,806

6,936

6,859

6,925

7,184

7,422

7,576

6,212

4,755

5,092

5,478

5,688

5,465

6,796

7,305

8,394

7,765

8,337

8,133

8,795

Income taxes

0

4,642

12,990

7,426

0

0

4,580

6,250

0

4,400

3,200

16,400

0

8,100

4,000

5,300

10,500

7,600

1,400

9,400

3,000

5,100

6,600

0

5,800

3,600

3,300

3,200

1,400

4,161

3,000

4,586

2,914

4,599

1,774

0

2,464

Supplemental schedule of noncash investing and financing activities
Transfers from loans (foreclosed properties) to foreclosed properties (loans)

615

62

645

271

900

387

47

5

54

325

549

-35

71

432

246

214

405

-793

1,081

288

124

-3,116

2,553

1,619

1,085

1,326

2,841

1,557

2,829

2,865

277

3,886

6,593

2,389

690

2,115

6,431

Unrealized (losses) gains on securities available for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,148

-10,935

5,627

-

1,771

10,332

9,683

-1,740

-609

-15,006

-3,231

-4,919

3,349

1,516

1,022

-

-

-

-

Changes in fair value of interest rate swap loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,171

1,850

-1,218

-

-64

-561

622

-482

454

849

286

296

-202

-487

197

8

-1,827

-1,192

193

Transfers from Bank premises to OREO

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,822

0

0

402

-

-

-

-

1

0

210

778

-

-

-

-

-

-

-

-

Issuance of common stock in exchange for net assets in acquisition

-

0

0

0

499,974

0

0

0

794,809

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

549,523

-

-

-

-

-

-

-

-

-

-

-

-

Transactions related to acquisitions
Assets acquired

-

-6,320

634

-2,689

2,858,048

951

1,186

1,771

3,249,420

293

0

0

0

-

-

-

-

-

-

-

-

0

0

0

2,957,521

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

-575

0

0

2,558,638

400

334

-1,034

2,874,018

5,437

0

0

0

-

-

-

-

-

-

-

-

0

0

0

2,642,120

-

-

-

-

-

-

-

-

-

-

-

-