← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $29.1m $13.4m $15.5m $30.4m
Net Income (Loss) Attributable to Parent $13.0m $13.0m $22.3m $27.9m $18.3m $46.7m $29.1m $13.4m $15.5m $30.4m
Net Income (Loss) Available to Common Stockholders, Basic $13.0m $13.0m $22.3m $27.9m $18.3m $46.7m $29.1m $13.4m $15.5m $30.4m
Depreciation, Depletion and Amortization $1.3m $1.5m $1.8m $1.9m $2.1m $2.2m $3.7m $4.8m $4.7m $4.3m
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
Depreciation Expense — $1.5m $1.8m $1.9m $2.2m $2.3m $3.7m $4.8m $4.8m $4.3m
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
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
Asset Impairment Charge — — — — — $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment — ($50k) $8k — $196k $10k ($394k) — $28k —
Gain (Loss) on Disposition of Other Assets — — — — — — $439k — $28k —
Income Tax Expense (Benefit) $7.3m $10.6m $6.4m $7.6m $5.5m $14.1m $9.0m $4.0m $4.4m $9.2m
Net change in operating leases — — — $585k $180k $605k $872k $233k $145k $87k
Interest Expense — $10.0m $15.4m $25.2m $16.3m $6.4m $18.9m $93.4m $119.3m $106.9m
Operating leases — — — $21.5m $2.1m $10.2m $595k $145k — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets $1.9m $1.4m ($223k) $600k $4.7m ($2.1m) $5.0m $1.4m $3.5m ($1.9m)
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
Bank Owned Life Insurance Income $736k $811k $878k $1.0m $1.1m $1.2m $1.3m $1.4m $1.6m $1.7m
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 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
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
Gain on sale of fixed assets — — ($8k) — ($196k) ($10k) $394k — ($28k) —
Stock-Based Compensation Expense — $1.3m $1.5m $1.7m $1.4m $1.6m $2.0m $1.9m $2.3m $2.3m
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)
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 Working Capital — $1.9m $1.9m $4.1m $9.1m ($11.3m) $4.1m $2.2m $5.8m ($2.3m)
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)
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
Proceeds from Sale of PP&E — — — — $2.9m $50k $95k — $28k —
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) —
Proceeds from Stock Issuance — $705k $900k $1.8m $1.4m $3.0m $905k $518k $294k $2.0m
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
Foreclosure of other real estate — $288k — — $2.2m $367k — — — $275k
Beginning Cash Position — — — — — — $167.2m $170.9m $156.2m $162.9m
Cash Flow From Continuing Financing Activities — — — — — — $745.9m $346.2m $10.0m $282.6m
Cash Flow From Continuing Investing Activities — — — — — — ($792.6m) ($378.6m) ($28.9m) ($206.3m)
Change In Other Current Assets — — — — — — ($5.0m) ($1.4m) ($3.5m) $1.9m
Change In Other Current Liabilities — — — — — — $4.1m $2.2m $5.8m ($2.3m)
Change In Working Capital — — — — — — ($1.4m) ($576k) ($345k) ($3.4m)
Changes In Cash — — — — — — $3.7m ($14.7m) $6.7m $106.7m
End Cash Position — — — — — — $170.9m $156.2m $162.9m $269.6m
Financing Cash Flow — — — — — — $745.9m $346.2m $10.0m $282.6m
Free Cash Flow — — — — — — $36.4m $16.4m $24.8m $29.9m
Gain Loss On Investment Securities — — — — — — ($12k) $0 $0 $515k
Gain Loss On Sale Of PPE — — — — — — $394k $0 ($28k) $0
Investing Cash Flow — — — — — — ($792.6m) ($378.6m) ($28.9m) ($206.3m)
Net PPE Purchase And Sale — — — — — — ($13.9m) ($1.2m) ($757k) ($581k)
Operating Gains Losses — — — — — — ($2.5m) ($3.8m) ($5.5m) ($5.8m)
Other Non Cash Items — — — — — — $12.6m $513k $8.1m ($666k)
Proceeds From Stock Option Exercised — — — — — — $905k $518k $294k $2.0m
Purchase Of PPE $5.4m $5.4m $1.9m $8.4m $7.3m $26.5m ($13.9m) ($1.2m) ($785k) ($581k)
Sale Of PPE — — — — — — $95k $0 $28k $0
Stock Based Compensation — — — — — — $2.0m $1.9m $2.3m $2.3m
Net Cash Provided by (Used in) Operating Activities $17.1m $17.2m $31.7m $18.3m $20.6m $78.1m $50.3m $17.7m $25.6m $30.5m
Cash flows from investing activities:
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
Net Investment Purchase And Sale — — — — — — $3.4m ($47.9m) $2.3m $8.0m
Purchase Of Investment — — — — — — ($40.8m) ($114.9m) ($28.2m) ($33.0m)
Gain (Loss) on Sale of Investments — $4k $7k $727k $3k ($3k) $12k — — ($515k)
Loss on sale of investment securities available for sale — ($4k) ($7k) ($727k) ($3k) $3k ($12k) — — $515k
Sale Of Investment — — — — — — $44.2m $67.0m $30.5m $41.0m
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)
Cash flows from financing activities:
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
Issuance Of Debt — — — — — $0 $175.0m $100.0m — $0
Long Term Debt Issuance — — — — — $0 $175.0m $100.0m — $0
Net Issuance Payments Of Debt — — — — — — $175.0m $100.0m ($46.5m) $0
Net Long Term Debt Issuance — — — — — — $175.0m $100.0m ($46.5m) $0
Long Term Debt Payments — — — — — — $0 $0 ($46.5m) $0
Repayment Of Debt — — — — — — $0 $0 ($46.5m) $0
Proceeds from Issuance of Common Stock — $24.8m — — — — — — — —
Net Cash from Financing Activities — $290.0m $267.0m $228.0m $266.6m $421.1m $570.0m $245.7m $56.2m $281.0m
Net Cash Provided by (Used in) Financing Activities — $267.4m $250.7m $312.2m $183.0m $399.1m $745.9m $346.2m $10.0m $282.6m
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)
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, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $167.2m $170.9m $156.2m $162.9m $269.6m
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $3.7m ($14.7m) $6.7m $106.7m
Income Tax Paid Supplemental Data — — — — — — $11.8m $1.5m $3.8m $10.6m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $25.2m $16.3m $6.4m $18.9m $93.4m $119.3m $106.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.