SUMMIT FINANCIAL GROUP, INC. 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

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
Provision for credit losses
Share-based compensation expense
Loans originated for sale
Proceeds from sale of loans
Gains on loans held for sale
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments
Loss on disposal of assets
Realized losses (gains) on debt securities, net
Gains on equity investments
Gain on disposal of assets
Gain (Loss) on Disposition of Business
Write-downs of foreclosed properties
Amortization of securities premiums, net
Accretion related to acquisition adjustments, net
Amortization of intangibles
Earnings on bank owned life insurance and annuities
(Increase) decrease in accrued interest receivable
Decrease in other assets
Increase in other liabilities
Net cash provided by operating activities

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from maturities and calls of debt securities available for sale
Proceeds from maturities and calls of debt securities held to maturity
Proceeds from sales of debt securities available for sale
Principal payments received on debt securities available for sale
Purchases of debt securities available for sale
Purchases of debt securities held to maturity
Purchase of equity investments
Purchases of other investments
Proceeds from redemptions of equity investments
Proceeds from redemptions of other investments
Net loan originations
Purchases of premises and equipment
Proceeds from disposal of premises and equipment
Improvements to property held for sale
Proceeds from sale of repossessed assets and property held for sale
Proceeds from Divestiture of Businesses
Cash and cash equivalents from acquisitions, net of cash consideration paid - 2023 - $595; 2021 - $48,920
Purchases of life insurance contracts and annuities
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in demand deposit, NOW and savings accounts
Net increase (decrease) in time deposits
Net increase in short-term borrowings
Repayment of long-term borrowings
Proceeds from subordinated debt
Purchase of interest rate caps
Proceeds from issuance of common stock, net of issuance costs
Proceeds from issuance of preferred stock, net of issuance costs
Purchase and retirement of common stock
Purchase of minority interest
Exercise of stock options
Dividends paid on common stock
Dividends paid on preferred stock
Net cash provided by financing activities
Increase in cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents:
Beginning
Ending
Cash payments for:
Interest
Income taxes
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES
Real property and other assets acquired in settlement of loans
Right of use assets obtained in exchange for lease obligations
SUPPLEMENTAL DISCLOSURES OF NONCASH TRANSACTIONS INCLUDED IN ACQUISITION
Assets acquired
Liabilities assumed

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