$SASR
SANDY SPRING BANCORP INC

2012 Q2 Form 10-Q Financial Statement

#000114420412027488 Filed on May 10, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $35.56M $34.62M $34.75M
YoY Change 1.57% -0.39%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.000M $1.900M $1.800M
YoY Change 5.26% 5.56% -10.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $5.749M $5.910M $6.740M
YoY Change -16.12% -12.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $10.86M $12.33M $10.43M
YoY Change -9.26% 18.29% -1403.13%
Income Tax $3.652M $3.856M $3.134M
% Of Pretax Income 33.63% 31.27% 30.06%
Net Earnings $7.207M $8.476M $7.291M
YoY Change -13.13% 16.25% 1358.2%
Net Earnings / Revenue 20.27% 24.49% 20.98%
Basic Earnings Per Share $0.30 $0.35 $0.30
Diluted Earnings Per Share $0.30 $0.35 $0.30
COMMON SHARES
Basic Shares Outstanding 24.15M shares
Diluted Shares Outstanding 24.42K shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $122.8M $102.3M $79.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $49.24M $48.75M $49.00M
YoY Change 0.49% -0.51% 0.0%
Goodwill $81.89M $76.82M
YoY Change
Intangibles $4.017M $4.272M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.855B $3.668B $3.550B
YoY Change 6.73% 3.33% -3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.00M $22.00M $25.00M
YoY Change 8.0% -12.0% 8.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $65.00M $73.00M $76.00M
YoY Change 0.0% -3.95% -2.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.00M $22.00M $25.00M
YoY Change 8.0% -12.0% 8.7%
LONG-TERM LIABILITIES
Long-Term Debt $35.00M $35.00M $35.00M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $35.00M $35.00M $35.00M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.00M $22.00M $25.00M
Total Long-Term Liabilities $35.00M $35.00M $35.00M
Total Liabilities $3.384B $3.216B $3.140B
YoY Change 6.14% 2.43% -1.91%
SHAREHOLDERS EQUITY
Retained Earnings $241.3M $237.0M
YoY Change
Common Stock $215.6M $202.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $471.5M $451.9M $409.1M
YoY Change
Total Liabilities & Shareholders Equity $3.855B $3.668B $3.550B
YoY Change 6.73% 3.33% -3.35%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $7.207M $8.476M $7.291M
YoY Change -13.13% 16.25% 1358.2%
Depreciation, Depletion And Amortization $2.000M $1.900M $1.800M
YoY Change 5.26% 5.56% -10.0%
Cash From Operating Activities $7.300M $22.50M $37.95M
YoY Change -60.75% -40.71% 141.7%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M $1.301M $973.0K
YoY Change 45.45% 33.71% -424.33%
Acquisitions
YoY Change
Other Investing Activities -$144.9M $57.40M -$43.70M
YoY Change 567.74% -231.35% -159.38%
Cash From Investing Activities -$146.5M $56.09M -$44.62M
YoY Change 539.74% -225.7% -160.88%
FINANCING ACTIVITIES
Cash Dividend Paid $2.431M $1.938M
YoY Change 25.44%
Common Stock Issuance & Retirement, Net -$225.0K -$6.000K
YoY Change 3650.0% -100.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 159.7M -48.60M 22.56M
YoY Change 247.17% -315.46% -43.89%
NET CHANGE
Cash From Operating Activities 7.300M 22.50M 37.95M
Cash From Investing Activities -146.5M 56.09M -44.62M
Cash From Financing Activities 159.7M -48.60M 22.56M
Net Change In Cash 20.50M 29.99M 15.88M
YoY Change -50.84% 88.87% -87.71%
FREE CASH FLOW
Cash From Operating Activities $7.300M $22.50M $37.95M
Capital Expenditures -$1.600M $1.301M $973.0K
Free Cash Flow $8.900M $21.20M $36.97M
YoY Change -54.82% -42.67% 131.09%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2011Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
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CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2011Q1 us-gaap Proceeds From Sale Of Other Real Estate
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CY2011Q1 sasr Loans Transferred From Loans To Other Real Estate Owned
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1089000
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455000
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CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Trading Symbol
TradingSymbol
SASR
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
SANDY SPRING BANCORP INC
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000824410
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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399000
CY2012Q1 us-gaap Noninterest Income
NoninterestIncome
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CY2012Q1 us-gaap Fees And Commissions Credit Cards
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EquipmentExpense
1190000
CY2012Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2012Q1 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
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64000
CY2012Q1 us-gaap Interest And Dividend Income Operating
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CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2012Q1 us-gaap Other Noninterest Expense
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CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
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56089000
CY2012Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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64000
CY2012Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8066000
CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
210000
CY2012Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
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CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2012Q1 us-gaap Interest Income Securities Taxable
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CY2012Q1 us-gaap Share Based Compensation
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CY2012Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
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46331000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
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-410000
CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-350000
CY2012Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2012Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
93000
CY2012Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
981000
CY2012Q1 us-gaap Interest Expense
InterestExpense
5910000
CY2012Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-346000
CY2012Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1641000
CY2012Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
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CY2012Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
3587000
CY2012Q1 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
21000
CY2012Q1 us-gaap Dividends Common Stock
DividendsCommonStock
2432000
CY2012Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
121000
CY2012Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-474000
CY2012Q1 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-70483000
CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
140000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
74000
CY2012Q1 us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
4057000
CY2012Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
634000
CY2012Q1 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
249000
CY2012Q1 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeBeforeTax
-73000
CY2012Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1279000
CY2012Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
28519000
CY2012Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
1202000
CY2012Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
87000
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
24555000
CY2012Q1 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
-620000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1301000
CY2012Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1110000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1936000
CY2012Q1 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
-29000
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
461000
CY2012Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15701000
CY2012Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
2373000
CY2012Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
28041000
CY2012Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-225000
CY2012Q1 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
949000
CY2012Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1717000
CY2012Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
27129000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3856000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
29991000
CY2012Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
620000
CY2012Q1 us-gaap Marketing Expense
MarketingExpense
495000
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
35920000
CY2012Q1 us-gaap Interest Paid
InterestPaid
5940000
CY2012Q1 us-gaap Noninterest Expense
NoninterestExpense
26683000
CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
28705000
CY2012Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
664000
CY2012Q1 us-gaap Interest And Fee Income Loans And Leases Held For Sale
InterestAndFeeIncomeLoansAndLeasesHeldForSale
149000
CY2012Q1 us-gaap Other Comprehensive Income Available For Sale Securities Tax
OtherComprehensiveIncomeAvailableForSaleSecuritiesTax
439000
CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
2431000
CY2012Q1 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
652000
CY2012Q1 us-gaap Interest Expense Deposits
InterestExpenseDeposits
2013000
CY2012Q1 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
61000
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2012Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
63474000
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1923000
CY2012Q1 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
73000
CY2012Q1 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2200000
CY2012Q1 sasr Loans Transferred From Loans To Other Real Estate Owned
LoansTransferredFromLoansToOtherRealEstateOwned
1667000
CY2012Q1 sasr Mortgage Banking Income
MortgageBankingIncome
1025000
CY2012Q1 sasr Other Comprehensive Income Net Unrealized Gains And Losses On Securities Before Tax
OtherComprehensiveIncomeNetUnrealizedGainsAndLossesOnSecuritiesBeforeTax
-1103000
CY2012Q1 sasr Payments For Acquisition Of Held To Maturity Securities
PaymentsForAcquisitionOfHeldToMaturitySecurities
11032000

Files In Submission

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0001144204-12-027488-index-headers.html Edgar Link pending
0001144204-12-027488-index.html Edgar Link pending
0001144204-12-027488.txt Edgar Link pending
0001144204-12-027488-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
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report.css Edgar Link pending
sasr-20120331.xml Edgar Link completed
sasr-20120331.xsd Edgar Link pending
sasr-20120331_cal.xml Edgar Link unprocessable
sasr-20120331_def.xml Edgar Link unprocessable
sasr-20120331_lab.xml Edgar Link unprocessable
sasr-20120331_pre.xml Edgar Link unprocessable
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