Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q3 YTD 9/30/2018 USD

OPERATING ACTIVITIES

Net income 33,460 39,158 15,979 (681) 8,499

Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities

Provision for Loan Losses 3,000 3,300 17,717 43,197 16,988
Origination of Loans Held-for-Sale NA 0 0 (45,900) (17,622)
Proceeds From Loans Held-for-Sale NA 0 0 45,383 18,139
Depreciation of Bank Premises and Equipment, Net 3,371 3,255 3,285 3,150 2,570
Loss on Sales and Writedowns of Other Real Estate (2) NA NA NA NA
Gain on Sale of Property in CB&T Real Estate Holdings, Inc 0 NA NA NA NA
Writedown on Land in CB&T Real Estate Holdings, Inc 0 NA NA NA NA
Amortization of Core Deposit Intangible 7,414 2,447 0 0 NA
Amortization of Intangible 33 NA NA NA NA
Deferred Income Tax Provision (Benefit) (3,777) (2,283) (5,832) (10,371) 1,300
Decrease in Unearned Income (80) NA NA NA NA
Net Amortization of Securities NA 0 0 1,332 3,559
Historic Tax Credit Investment Write downs NA NA NA 3,259 NA
Tax Credit Amortization NA NA NA NA 3,045
Gains on Sales of Securities, Net NA 0 0 (1,186) (1,195)
Write-downs of Other Real Estate Owned, Net NA 13 8,411 4,672 3,327
Gains on Sales of Other Real Estate Owned, Net NA 248 2,336 (58) (923)
Losses on Sales and Write-downs of Bank Premises NA 0 0 5,583 NA
Loss on Sales and Write-downs of Bank Premises and Equipment NA NA NA NA 58
Increase in the Value of Life Insurance Contracts NA NA NA NA (773)
Increase in Other Assets (4,213) 10,469 (9,254) (8,053) (2,172)
Increase (Decrease) in Other Liabilities 4,646 (2,949) 14 3,511 588
Net Cash Provided By Operating Activities 43,852 53,658 32,656 43,838 35,388

INVESTING ACTIVITIES

Securities Held-to-Maturity

Proceeds from Maturities and Redemptions NA 406,163 667,407 57,330 0
Purchases NA 0 (125,000) (41,436) 0

Securities Available-for-Sale

Proceeds from Sales NA 0 0 123,920 116,524
Proceeds from Maturities, Redemptions, and Paydowns NA 0 0 183,197 205,970
Purchases NA 0 0 (393,499) (179,192)
Purchase of Investment Securities 0 NA NA NA NA
Proceeds from Maturities, Calls and Redemptions of Investment Securities 92,156 NA NA NA NA
Purchase of Bank Premises and Equipment, Net (1,097) (597) (844) (3,114) (10,567)
Net Decrease (Increase) in Short-Term Loans Outstanding, Net (2,979) NA NA NA NA
Longer-Term Loans Originated or Purchased (410,246) NA NA NA NA
Principal Collected on Longer-Term Loans 107,100 NA NA NA NA
Sale (purchase) of Other Real Estate 1,107 NA NA NA NA
Decrease in C B & T Real Estate Holdings, Inc 70 NA NA NA NA
Loan Originations and Payments, Net NA (319,186) (95,977) (5,606) (156,735)
Purchases of Bank Owned Life Insurance NA NA NA NA (50,000)
Other Real Estate Owned Improvements NA 0 (168) (372) (1,272)
Proceeds from Sales of Other Real Estate Owned NA 649 2,124 3,802 26,537
Net Cash (Used In) Provided By Investing Activities (213,889) 87,029 447,542 (75,778) (48,735)

FINANCING ACTIVITIES

Net Change in Demand, Money Markets and Savings Accounts 10,229 88,996 (45,681) (66,225) (135,842)
Increase (Decrease) in Time Deposits 1,581,123 151,608 (345,041) (327,999) 55,612
Payments on Matured Time Deposits (1,647,048) NA NA NA NA
Cash Dividends (10,503) (10,503) (7,878) 0 NA
Net Cash Used In Financing Activities (66,199) 230,101 (398,600) (394,224) (80,230)
Net Decrease in Cash and Cash Equivalents (236,236) 370,788 81,598 (426,164) (93,577)
Cash and Cash Equivalents at Beginning of Period 478,627 242,391 613,179 694,777 268,613
Cash and Cash Equivalents at End of Period 242,391 613,179 694,777 268,613 175,036

Supplementary Data

Cash Paid for Interest 45,330 47,124 46,848 37,824 27,287
Income Taxes Paid 9,783 NA NA NA NA
Transfer of Loans to Foreclosed Assets 480 NA NA NA NA
Loans to Facilitate the Sale of Real Estate Owned 736 NA NA NA NA
Cash Paid for Income Taxes NA 6,988 10,801 1,675 0
Transfer of Securities from Held-to-Maturity to Available-for-Sale NA 0 0 863,800 0
Unrealized Gain on Transfer of Securities from Held-to-Maturity to Available-for-Sale NA 0 0 5,600 0
Unrealized Losses on Securities Available-for-Sale NA 0 0 (8,435) (16,407)
Transfer from Loans to Loans Held-for-Sale NA 0 0 0 0
Transfer from Loans to Other Real Estate Owned NA 503 610 17,912 25,930
Transfer from Bank Premises and Equipment to Other Real Estate Owned NA 0 0 13,714 2,177
Loans Provided for Sales of Other Real Estate Owned NA 0 7,771 7,347 893
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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