West bancorporation inc (WTBA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net income

28,690

28,508

23,070

23,016

21,742

20,040

16,891

16,011

15,268

13,383

-14,617

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

600

-250

0

1,000

850

750

-850

625

550

6,050

24,500

Net amortization and accretion

3,640

4,945

4,155

4,290

3,892

3,767

-

-

-

-

-

Goodwill impairment of banking operations

-

-

-

-

-

-

-

-

-

-

13,376

Goodwill impairment of discontinued operations

-

-

-

-

-

-

-

-

-

-

11,160

Net amortization and accretion

-

-

-

-

-

-

-4,832

-4,303

-3,142

-1,714

-798

Net amortization and accretion

3,640

4,945

4,155

4,290

3,892

-

-

-

-

-

-

(Gain) loss on disposition of premises and equipment

-

-

-

-

-

1,069

-9

-125

8

2

-7

Investment securities losses, net

-87

-263

326

66

47

223

-

-

-

-

-

Realized investment securities gains (losses), net

-

-

-

-

-

-

0

246

0

40

1,884

Investment securities impairment losses

-

-

-

-

-

-

-

203

99

305

-

Stock-based compensation

2,993

2,741

2,632

1,684

1,166

633

378

118

0

0

-

Investment securities impairment losses

-

-

-

-

-

-

-

-

-

-

2,612

Gain on sale of loans held for sale

-

-

-

-

14

1,247

1,083

2,614

1,321

1,447

1,065

Proceeds from sales of loans held for sale

-

-

-

-

840

63,314

94,676

131,936

71,273

73,334

72,299

Originations of loans held for sale

-

-

-

-

-

60,663

92,460

128,596

69,545

76,051

70,548

(Gain) loss on sale of other real estate owned

-

-

-

-

-

-

111

114

339

388

27

Write-down of other real estate owned

-

-

-

-

-

1,786

1,341

1,442

3,109

1,621

133

Increase in cash value of bank-owned life insurance

644

631

652

647

727

731

646

737

884

869

776

Gain from bank-owned life insurance

0

0

307

443

0

0

-

841

637

422

840

Gain on sale of premises

307

0

0

-

-

-

-

-

-

-

-

Depreciation

1,429

1,408

1,347

1,046

921

853

786

697

612

582

688

Write-down of premises

0

333

0

0

-

-

-

-

-

-

-

Deferred income taxes

-33

-359

2,833

89

82

535

1,147

639

731

639

-7,261

Excess tax benefits from vesting of restricted stock units

-

-

-

-

-

116

16

0

-

-

-

Change in assets and liabilities:
Other

-

-

-

-

-

-

-

-

-

-

-1,594

Increase in accrued interest receivable

-497

287

2,023

633

263

418

355

-531

-776

-543

-913

Increase in other assets

1,029

2,490

-131

85

-2,951

448

-580

116

-3,066

-5,669

9,026

Increase (decrease) in accrued expenses and other liabilities

1,044

563

-1,503

1,047

-196

-476

-1,728

923

138

463

-2,142

Net cash provided by operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

905

Net cash provided by operating activities

36,967

34,744

29,357

-

-

-

-

-

-

25,084

17,611

Net cash provided by operating activities

-

-

-

30,298

31,197

26,287

23,391

24,289

26,030

-

16,706

Cash Flows from Investing Activities:
Proceeds from sales of securities available for sale

198,699

75,401

108,584

3,054

16,946

36,582

0

16,121

-

-

-

Proceeds from maturities and calls of securities available for sale

46,755

45,937

47,781

58,358

49,665

56,450

74,202

71,485

-

-

-

Proceeds from sales, calls and maturities of securities available for sale

-

-

-

-

-

-

-

-

84,726

299,728

191,468

Purchases of securities available for sale

180,168

96,170

341,012

3,500

116,824

67,770

143,384

98,186

109,323

214,710

350,186

Purchases of Federal Home Loan Bank stock

26,559

16,334

19,414

17,407

19,986

29,064

7,537

2,285

-

-

-

Proceeds from redemption of Federal Home Loan Bank stock

26,105

13,471

21,011

19,083

22,614

25,840

7,475

1,848

-

-

-

Purchases of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

879

1,385

2,617

Proceeds from redemption of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

738

965

0

Net increase in loans

219,887

210,821

110,312

153,037

62,133

193,585

65,436

90,301

-46,101

-125,541

-

Proceeds from sale of premises

604

0

0

-

-

-

-

-

-

-

-

Net change in loans

-

-

-

-

-

-

-

-

-

-

-35,022

Proceeds from sales of other real estate owned

-

-

-

-

2,227

2,103

1,744

1,320

6,141

5,400

5,083

Payments for other real estate owned improvements

-

-

-

-

-

-

-

0

0

-

-

Proceeds from sales of premises and equipment

-

-

-

-

-

3,013

0

0

51

9

2

Purchases of premises and equipment

1,048

210

1,055

12,802

2,502

5,298

2,199

1,035

981

368

1,348

Purchase of bank-owned life insurance

-

-

-

-

-

5,000

0

0

-

-

-

Proceeds of principal and earnings from bank-owned life insurance

0

0

452

812

0

0

-

1,573

1,192

1,296

1,493

Net cash used in investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-20

Net cash used in investing activities

-155,499

-188,726

-293,965

-

-

-

-

-

-

216,476

-121,103

Proceeds from settlement of other assets

-

-

-

-

3,593

0

0

-

-

-

-

Net cash used in investing activities

-

-

-

-105,439

-106,400

-176,729

-135,135

-99,460

27,766

-

-121,083

Cash Flows from Financing Activities:
Net increase in deposits

120,227

83,716

264,208

105,876

170,267

106,620

29,266

177,203

-14,699

-274,545

91,485

Net increase (decrease) in federal funds purchased

17,325

-19,440

9,145

12,070

47,215

13,647

-

-

-

-

-

Net (decrease) in federal funds purchased

-

-

-

-

-

-

-38,974

-245

3,746

11,753

-52,769

Net increase in short-term borrowings

-

-

-

-

-

66,000

0

0

-2,914

361

2,308

Proceeds from long-term debt

0

11,486

22,000

0

0

-

16,000

80,000

0

0

-

Proceeds from Federal Home Loan Bank advances

40,000

60,000

-

0

-

-

-

-

-

-

-

Principal payments on Federal Home Loan Bank advances

-

-

25,000

0

0

-

-

-

-

-

-

Principal payments on long-term debt

4,115

7,363

4,212

3,286

4,261

3,260

830

80,000

0

20,000

0

Interest rate swap termination costs paid

-

-

-

-

541

0

0

-

-

-

-

Prepayment fees on Federal Home Loan Bank advances

-

-

-

-

-

-

-

11,152

0

0

-

Common stock dividends paid

13,578

12,696

11,499

10,800

9,952

7,842

6,995

6,265

2,959

870

1,566

Preferred stock dividends paid

-

-

-

-

-

-

-

-

1,120

1,800

1,575

Redemption of preferred stock

-

-

-

-

-

-

-

-

36,000

0

0

Repurchase of common stock warrant

-

-

-

-

-

-

-

-

700

0

0

Repurchase and cancellation of common stock

-

-

-

-

-

-

15,774

0

0

-

-

Restricted stock units withheld for payroll taxes

861

1,076

631

394

225

189

14

0

0

-

-

Excess tax benefits from vesting of restricted stock units

-

-

-

-

-

116

16

0

0

-

-

Preferred stock issuance costs

-

-

-

-

-

-

-

-

-

-

65

Net cash provided by financing activities

-

-

-

79,326

108,073

147,798

-17,305

159,541

-54,646

-

37,818

Net cash provided by financing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

200

Net cash provided by financing activities

124,348

153,507

235,721

-

-

-

-

-

-

-285,101

38,018

Net increase (decrease) in cash and cash equivalents

5,816

-475

-28,887

4,185

32,870

-2,644

-129,049

84,370

-850

-43,541

-65,474

Supplemental Disclosures of Cash Flow Information:
Cash payments for interest

31,492

22,154

12,520

-

-

-

-

-

-

-

-

Cash payments for interest

-

-

-

7,940

6,069

6,166

7,101

9,726

12,383

19,579

28,879

Cash payments for income taxes

5,880

7,312

9,300

7,870

6,700

7,045

6,755

4,682

4,784

2,043

2,276

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Establishment of lease liability and right-of-use asset

10,435

0

0

-

-

-

-

-

-

-

-

Held to maturity securities, transferred to available for sale securities, amortized cost

0

45,527

0

-

-

-

-

-

-

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

394

179

872

1,763

7,188

-

Transfer of investment securities available for sale to investment securities held to maturity

-

-

-

-

-

50,882

0

0

-

-

-

Transfer of investment securities to other assets, sale not settled

-

-

-

-

-

3,593

0

0

-

-

-

Sale of other real estate owned financed by issuance of a loan

-

-

-

-

-

-

-

833

674

6,655

-

Purchases of premises financed by issuance of long-term debt

-

-

-

-

-

-

765

0

0

-

-

Transfer of loans to other real estate owned

-

-

-

-

-

-

-

-

-

-

26,188

Transfer of other real estate owned to loans

-

-

-

-

-

-

-

-

-

-

0

Sale of WB Capital Management Inc. in exchange for a note receivable

-

-

-

-

-

-

-

-

-

-

2,000