2011 Q4 Form 10-Q Financial Statement

#000110465911060873 Filed on November 04, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $21.57M $21.62M $22.02M
YoY Change -1.83%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.283M $1.119M
YoY Change 14.66%
% of Gross Profit
Depreciation & Amortization $1.100M $1.000M $700.0K
YoY Change 22.22% 42.86% -12.5%
% of Gross Profit
Operating Expenses $1.283M $1.119M
YoY Change 14.66%
Operating Profit
YoY Change
Interest Expense $3.553M $3.826M $4.804M
YoY Change -20.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.418M $8.246M $8.872M
YoY Change -8.65% -7.06% 38.19%
Income Tax $1.076M $2.472M $2.507M
% Of Pretax Income 14.51% 29.98% 28.26%
Net Earnings $6.340M $5.770M $6.370M
YoY Change 4.79% -9.42% 44.77%
Net Earnings / Revenue 29.39% 26.69% 28.93%
Basic Earnings Per Share $0.46 $0.42 $0.46
Diluted Earnings Per Share $0.46 $0.42 $0.46
COMMON SHARES
Basic Shares Outstanding 13.80M shares 13.80M shares 13.70M shares
Diluted Shares Outstanding 13.84M shares 13.81M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $54.92M $55.33M $31.32M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables $1.277M
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $36.61M $35.38M $30.80M
YoY Change 15.62% 14.86% 8.45%
Goodwill $682.0K
YoY Change
Intangibles
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 $2.053B $1.988B $1.881B
YoY Change 7.89% 5.68% 6.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $200.0K $400.0K
YoY Change -33.33% -50.0% -33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $103.3M $84.50M $85.40M
YoY Change 18.06% -1.05% 3.89%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $200.0K $200.0K $400.0K
YoY Change -33.33% -50.0% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $40.90M $40.90M $40.90M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $42.80M $41.90M $43.60M
YoY Change -15.25% -3.9% 27.11%
Total Long-Term Liabilities $83.70M $82.80M $84.50M
YoY Change -8.42% -2.01% 12.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $200.0K $200.0K $400.0K
Total Long-Term Liabilities $83.70M $82.80M $84.50M
Total Liabilities $1.865B $1.804B $1.714B
YoY Change 7.64% 5.3% 6.41%
SHAREHOLDERS EQUITY
Retained Earnings $160.7M $156.8M
YoY Change 8.68%
Common Stock $21.55M $21.01M
YoY Change 14.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.7M $183.6M $167.6M
YoY Change
Total Liabilities & Shareholders Equity $2.053B $1.988B $1.881B
YoY Change 7.89% 5.68% 6.67%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $6.340M $5.770M $6.370M
YoY Change 4.79% -9.42% 44.77%
Depreciation, Depletion And Amortization $1.100M $1.000M $700.0K
YoY Change 22.22% 42.86% -12.5%
Cash From Operating Activities $18.70M $7.000M -$6.400M
YoY Change 6.86% -209.38% -141.83%
INVESTING ACTIVITIES
Capital Expenditures -$1.900M -$1.500M -$3.200M
YoY Change 18.75% -53.12% 88.24%
Acquisitions
YoY Change
Other Investing Activities -$74.90M -$31.60M -$42.20M
YoY Change 489.76% -25.12% 89.24%
Cash From Investing Activities -$76.80M -$33.20M -$45.60M
YoY Change 440.85% -27.19% 90.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 57.80M 37.20M 8.500M
YoY Change 725.71% 337.65% -24.11%
NET CHANGE
Cash From Operating Activities 18.70M 7.000M -6.400M
Cash From Investing Activities -76.80M -33.20M -45.60M
Cash From Financing Activities 57.80M 37.20M 8.500M
Net Change In Cash -300.0K 11.00M -43.50M
YoY Change -102.91% -125.29% -1773.08%
FREE CASH FLOW
Cash From Operating Activities $18.70M $7.000M -$6.400M
Capital Expenditures -$1.900M -$1.500M -$3.200M
Free Cash Flow $20.60M $8.500M -$3.200M
YoY Change 7.85% -365.63% -118.82%

Facts In Submission

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us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1500000 USD
us-gaap Equipment Expense
EquipmentExpense
951000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
3578000 USD
us-gaap Occupancy Net
OccupancyNet
3708000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
24605000 USD
us-gaap Noninterest Income
NoninterestIncome
24161000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
1921000 USD
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
742000 USD
us-gaap Brokerage Commissions Revenue
BrokerageCommissionsRevenue
1484000 USD
us-gaap Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
159000 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1431000 USD
sybt Debit Card Revenue
DebitCardRevenue
2451000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
6435000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
9538000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
41781000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7774000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49555000 USD
us-gaap Interest Expense
InterestExpense
14868000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
2591000 USD
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
1703000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
257000 USD
us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
31000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
10286000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
64423000 USD
us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
857000 USD
us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4051000 USD
us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
216000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
85000 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
59214000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
9828000 USD
us-gaap Interest Paid Net
InterestPaidNet
11903000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2599000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55333000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41655000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
13678000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
7441000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
167000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
87000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
474000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
8000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-733000 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-2281000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
83092000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
5953000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6280000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
46435000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
20000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
211106000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
249429000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-8666000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-3337000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
869000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-37000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-382000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-703000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
79042000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
76270000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1181000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2943000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
4579000 USD
us-gaap Interest Paid Net
InterestPaidNet
14878000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6355000 USD
CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31322000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32424000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1102000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
6964000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
89000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
518000 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
30000 USD
us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
8000 USD
us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
20000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-577000 USD
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
13343000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
44595000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1111000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4640000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
61750000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
11000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
137623000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
27064000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
190473000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-1609000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
7135000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
704000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-24000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
347000 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
114606000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
109844000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1975000 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
2383000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
572000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
7441000 USD
sybt Stock Issued During Period Value Stock Options Exercised And Dividend Reinvestment Plan
StockIssuedDuringPeriodValueStockOptionsExercisedAndDividendReinvestmentPlan
966000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
869000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
2608000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.54
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
1031000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1031000 USD
CY2010Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
1163000 USD
CY2010Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1266000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2608000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
2850000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2953000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
555000 USD
CY2010Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
682000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1404000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
1590000 USD
CY2011Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13801958 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2011-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000835324
dei Entity Registrant Name
EntityRegistrantName
S Y BANCORP INC
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
19752000 USD

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