HERITAGE COMMERCE CORP Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities
Gain on sale of SBA loans
Proceeds from sale of SBA loans originated for sale
SBA loans originated for sale
Provision for (recapture of) credit losses on loans
Provision for credit losses on loans
Increase in cash surrender value of life insurance
Depreciation and amortization
Amortization of other intangible assets
Stock option expense, net
RSUs and PRSUs expense
Amortization of restricted stock awards, net
Amortization of subordinated debt issuance costs
Gain on proceeds from company-owned life insurance
Effect of changes in:
Accrued interest receivable and other assets
Accrued interest payable and other liabilities

Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of securities available-for-sale
Purchase of securities held-to-maturity
Maturities/paydowns/calls of securities available-for-sale
Maturities/paydowns/calls of securities held-to-maturity
Purchase of mortgage loans
Net change in loans
Changes in FHLB stock and other investments
Proceeds from redemption of company-owned life insurance
Purchase of premises and equipment
Net cash (used in) provided by investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits
Exercise of stock options
Payment of cash dividends
Redemption of subordinated debt
Issuance of subordinated debt, net of issuance costs
Repurchase shares of the Company common stock
Net cash provided by (used in) financing activities

Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Supplemental disclosures of cash flow information:
Interest paid
Income taxes paid, net
Supplemental schedule of non-cash activity:
Recording of right of use assets in exchange for lease obligations
Transfer of loans held-for-sale to loan portfolio

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