← SOUTHERN FIRST BANCSHARES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $13.0m |
$13.0m
+0.07%
|
$22.3m
+70.86%
|
$27.9m
+24.99%
|
$18.3m
-34.21%
|
$46.7m
+154.86%
|
$29.1m
-37.67%
|
$13.4m
-53.89%
|
$15.5m
+15.67%
|
$30.4m
+95.53%
|
— | |
| Depreciation, Depletion and Amortization | $1.3m | $1.5m | $1.8m | $1.9m | $2.1m | $2.2m | $3.7m | $4.8m | $4.7m | $4.3m | $3.9m | |
| Depreciation, Amortization and Accretion, Net | $1.3m | $1.5m | $1.8m | $1.9m | $2.2m | $2.3m | $3.7m | $4.8m | $4.8m | $4.3m | $3.9m | |
| Depreciation Expense | — | $1.5m | $1.8m | $1.9m | $2.2m | $2.3m | $3.7m | $4.8m | $4.8m | $4.3m | $3.9m | |
| Accretion and amortization of securities discounts and premiums, net | — | $582k | $437k | $432k | $710k | $935k | $694k | $61k | $554k | $430k | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $3.7m | $4.8m | $4.8m | $4.3m | $3.9m | |
| Deferred Income Tax Expense (Benefit) | $356k | $2.9m | ($125k) | ($420k) | ($5.6m) | $1.6m | ($757k) | ($228k) | ($1.2m) | ($1.3m) | — | |
| Increase in deferred tax asset | — | $2.9m | ($115k) | ($420k) | ($2.7m) | $1.6m | ($22k) | ($230k) | ($1.2m) | ($1.3m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $2.0m | $1.3m | $1.5m | $1.7m | $1.4m | $1.6m | $2.0m | $1.9m | $2.3m | $2.3m | $2.5m | |
| Stock-Based Compensation Expense | — | $1.3m | $1.5m | $1.7m | $1.4m | $1.6m | $2.0m | $1.9m | $2.3m | $2.3m | $2.5m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($1.4m) | ($576k) | ($345k) | ($3.4m) | ($11.3m) | |
| Increase (Decrease) in Other Operating Assets | $1.9m | $1.4m | ($223k) | $600k | $4.7m | ($2.1m) | $5.0m | $1.4m | $3.5m | ($1.9m) | — | |
| Increase (Decrease) in Other Operating Liabilities | $2.6m | $1.9m | $1.9m | $4.1m | $9.1m | ($11.3m) | $4.1m | $2.2m | $5.8m | ($2.3m) | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | $439k | — | $28k | — | — | |
| Decrease (increase) in other assets, net | — | ($1.2m) | $325k | ($600k) | ($4.7m) | $2.1m | ($5.0m) | ($1.4m) | ($3.5m) | $1.9m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($5.0m) | ($1.4m) | ($3.5m) | $1.9m | ($1.1m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $4.1m | $2.2m | $5.8m | ($2.3m) | ($7.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $17.1m |
$17.2m
+0.61%
|
$31.7m
+84.39%
|
$18.3m
-42.33%
|
$20.6m
+12.78%
|
$78.1m
+278.63%
|
$50.3m
-35.56%
|
$17.7m
-64.91%
|
$25.6m
+44.78%
|
$30.5m
+19.17%
|
$41.2m
+35.33%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($50k) | $8k | — | $196k | $10k | ($394k) | — | $28k | — | ($5.9m) | |
| Payments to Acquire Property, Plant, and Equipment | $5.4m | $5.4m | $1.9m | $8.4m | $7.3m | $26.5m | $13.9m | $1.2m | $785k | $581k | ($2.0m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $20.3m | $9.6m | $9.0m | $19.2m | $24.8m | $20.7m | $10.8m | $7.9m | $25.8m | $11.9m | — | |
| Gain (Loss) on Sale of Investments | — | $4k | $7k | $727k | $3k | ($3k) | $12k | — | — | ($515k) | — | |
| Other investments | — | $4.4m | $387k | $1.8m | $5.7m | $1.9m | $20.9m | $42.5m | $4.8m | ($573k) | — | |
| Proceeds from Investments | — | $8.8m | $5.8m | $29.0m | $24.8m | $20.7m | $10.8m | $16.5m | $25.8m | $29.1m | $43.4m | |
| Net cash used for investing activities | — | ($239.0m) | ($301.7m) | ($275.6m) | ($230.8m) | ($410.6m) | ($792.6m) | ($378.6m) | ($28.9m) | ($206.3m) | — | |
| Net Cash Provided by (Used in) Investing Activities | — | ($239.0m) | ($301.7m) | ($275.6m) | ($230.8m) | ($410.6m) | ($792.6m) | ($378.6m) | ($28.9m) | ($206.3m) | ($301.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Increase (decrease) in Federal Home Loan Bank advances and other borrowings | — | ($48.0m) | ($17.2m) | $60.0m | ($85.0m) | ($25.0m) | $175.0m | $100.0m | ($35.0m) | — | — | |
| Issuance Of Debt | — | — | — | — | — | $0 | $175.0m | $100.0m | — | $0 | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $175.0m | $100.0m | ($46.5m) | $0 | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($46.5m) | $0 | ($11.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $175.0m | $100.0m | ($46.5m) | $0 | ($11.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($46.5m) | $0 | ($11.5m) | |
| Proceeds from Issuance of Common Stock | — | $24.8m | — | — | — | — | — | — | — | — | — | |
| Net Cash from Financing Activities | — | $290.0m |
$267.0m
-7.92%
|
$228.0m
-14.62%
|
$266.6m
+16.95%
|
$421.1m
+57.92%
|
$570.0m
+35.38%
|
$245.7m
-56.90%
|
$56.2m
-77.13%
|
$281.0m
+400.06%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $267.4m |
$250.7m
-6.25%
|
$312.2m
+24.54%
|
$183.0m
-41.38%
|
$399.1m
+118.05%
|
$745.9m
+86.92%
|
$346.2m
-53.59%
|
$10.0m
-97.11%
|
$282.6m
+2727.36%
|
$351.1m
+24.25%
|
|
| Net increase (decrease) in cash and cash equivalents | — | $45.6m | ($19.3m) | $54.9m | ($27.1m) | $66.5m | $3.7m | ($14.7m) | $6.7m | $106.7m | — | |
| Cash and cash equivalents, beginning of year | — | $46.6m | $92.2m | $72.9m | $127.8m | $167.2m | $170.9m | $156.2m | $162.9m | $269.6m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $167.2m | $170.9m | $156.2m | $162.9m | $271.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $167.2m | $170.9m | $156.2m | $162.9m | $269.6m | $361.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $2.3m | $2.0m | $1.9m | $2.3m | $29.6m | ($12.4m) | $6.2m | $1.3m | $125k | $3.0m | $3.8m | |
| Bank Owned Life Insurance Income | $736k | $811k | $878k | $1.0m | $1.1m | $1.2m | $1.3m | $1.4m | $1.6m | $1.7m | — | |
| Gain (Loss) on Sales of Loans, Net | $6.6m | $5.8m | $5.1m | $10.2m | $21.2m | $13.7m | $2.9m | $3.8m | $5.4m | $6.3m | — | |
| Proceeds from Stock Options Exercised | — | $705k | $900k | $1.8m | $1.4m | $3.0m | $905k | $518k | $294k | $2.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $25.2m | $16.3m | $6.4m | $18.9m | $93.4m | $119.3m | $106.9m | — | |
| Additional Financial Items | ||||||||||||
| Income Tax Expense (Benefit) | $7.3m | $10.6m | $6.4m | $7.6m | $5.5m | $14.1m | $9.0m | $4.0m | $4.4m | $9.2m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $5.5m | $9.9m | $19.8m | $11.4m | $4.2m | $4.0m | $5.6m | $6.3m | — | |
| Stock or Unit Option Plan Expense | $746k | $959k | $1.2m | $1.3m | $1.0m | $1.1m | $927k | $528k | $374k | $33k | — | |
| Loss on sale of investment securities available for sale | — | ($4k) | ($7k) | ($727k) | ($3k) | $3k | ($12k) | — | — | $515k | — | |
| Gain on sale of fixed assets | — | — | ($8k) | — | ($196k) | ($10k) | $394k | — | ($28k) | — | — | |
| Net change in operating leases | — | — | — | $585k | $180k | $605k | $872k | $233k | $145k | $87k | — | |
| Gain on sale of loans held for sale | — | ($5.8m) | ($5.1m) | ($10.2m) | ($21.2m) | ($13.7m) | ($2.9m) | ($3.8m) | ($5.4m) | ($6.3m) | — | |
| Loans originated and held for sale | — | ($192.3m) | ($204.4m) | ($380.6m) | ($594.3m) | ($486.1m) | ($165.7m) | ($147.0m) | ($188.9m) | ($217.4m) | — | |
| Increase in cash surrender value of bank owned life insurance | — | ($811k) | ($878k) | ($1.0m) | ($1.1m) | ($1.2m) | ($1.3m) | ($1.4m) | ($1.6m) | ($1.7m) | — | |
| Change in Other Working Capital | — | $1.9m | $1.9m | $4.1m | $9.1m | ($11.3m) | $4.1m | $2.2m | $5.8m | ($2.3m) | ($1.5m) | |
| Increase in loans, net | — | ($225.0m) | ($291.9m) | ($267.6m) | ($203.6m) | ($348.7m) | ($782.1m) | ($329.4m) | ($30.4m) | ($213.7m) | — | |
| Available for sale | — | ($22.0m) | ($23.2m) | ($39.9m) | ($50.9m) | ($49.4m) | ($13.0m) | ($63.2m) | ($23.9m) | ($32.5m) | — | |
| Proceeds from Sale of PP&E | — | — | — | — | $2.9m | $50k | $95k | — | $28k | — | — | |
| Proceeds from Stock Issuance | — | $705k | $900k | $1.8m | $1.4m | $3.0m | $905k | $518k | $294k | $2.0m | — | |
| Interest Expense | — | $10.0m | $15.4m | $25.2m | $16.3m | $6.4m | $18.9m | $93.4m | $119.3m | $106.9m | — | |
| Income taxes | — | $8.4m | $5.5m | $7.9m | $2.7m | $21.7m | $11.8m | $1.5m | $3.8m | $10.6m | — | |
| Unrealized gain (loss) on securities, net of income taxes | — | ($51k) | $455k | ($1.2m) | ($1.3m) | ($1.8m) | ($12.7m) | $2.1m | ($130k) | $3.6m | — | |
| Operating leases | — | — | — | $21.5m | $2.1m | $10.2m | $595k | $145k | — | — | — | |
| Foreclosure of other real estate | — | $288k | — | — | $2.2m | $367k | — | — | — | $275k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $745.9m | $346.2m | $10.0m | $282.6m | $351.1m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($792.6m) | ($378.6m) | ($28.9m) | ($206.3m) | ($301.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $3.7m | ($14.7m) | $6.7m | $106.7m | — | |
| Changes In Cash | — | — | — | — | — | — | $3.7m | ($14.7m) | $6.7m | $106.7m | $90.6m | |
| End Cash Position | — | — | — | — | — | — | $170.9m | $156.2m | $162.9m | $269.6m | $361.6m | |
| Financing Cash Flow | — | — | — | — | — | — | $745.9m |
$346.2m
-53.59%
|
$10.0m
-97.11%
|
$282.6m
+2727.36%
|
$351.1m
+24.25%
|
|
| Free Cash Flow | — | — | — | — | — | — | $36.4m | $16.4m | $24.8m | $29.9m | $39.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($12k) | $0 | $0 | $515k | $515k | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $394k | $0 | ($28k) | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($792.6m) | ($378.6m) | ($28.9m) | ($206.3m) | ($301.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $3.4m | ($47.9m) | $2.3m | $8.0m | ($15.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($13.9m) | ($1.2m) | ($757k) | ($581k) | ($2.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($2.5m) | ($3.8m) | ($5.5m) | ($5.8m) | ($5.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $12.6m | $513k | $8.1m | ($666k) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $905k | $518k | $294k | $2.0m | $3.1m | |
| Purchase Of Investment | — | — | — | — | — | — | ($40.8m) | ($114.9m) | ($28.2m) | ($33.0m) | ($58.5m) | |
| Purchase Of PPE | $5.4m | $5.4m | $1.9m | $8.4m | $7.3m | $26.5m | ($13.9m) | ($1.2m) | ($785k) | ($581k) | ($2.0m) | |
| Sale Of Investment | — | — | — | — | — | — | $44.2m | $67.0m | $30.5m | $41.0m | $43.4m | |
| Sale Of PPE | — | — | — | — | — | — | $95k | $0 | $28k | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $2.0m | $1.9m | $2.3m | $2.3m | $2.5m |