Bank7 Corp
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 5, 2024
BSVN$59.18+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows
Cash Flows
(Dollar Amounts in thousands)
| Nine Months Ended September 30, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Operating Activities | |||
| Net income | $34,589 | $27,206 | |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 811 | 973 | |
| Provision for credit losses | - | 5,645 | |
| (Accretion)Amortization of premiums and discounts on securities | (866) | 278 | |
| Gain on sales of loans | (233) | (172) | |
| Net loss on sale of available-for-sale debt securities | 4 | 15 | |
| Stock-based compensation expense | 1,862 | 1,692 | |
| Gain on sale of premises and equipment | (123) | (77) | |
| Cash receipts from the sale of loans originated for sale | 13,994 | 5,985 | |
| Cash disbursements for loans originated for sale | (13,043) | (6,956) | |
| Deferred income tax expense(benefit) | 111 | (1,633) | |
| Changes in | |||
| Interest receivable and other assets | 3,043 | (1,392) | |
| Interest payable and other liabilities | 1,805 | 1,403 | |
| Net cash provided by operating activities | 41,954 | 32,967 | |
| Investing Activities | |||
| Maturities of interest-bearing time deposits in other banks | 15,223 | 5,228 | |
| Purchases of interest-bearing time deposits in other banks | (6,259) | (16,936) | |
| Maturities, prepayments and calls of available-for-sale debt securities | 191,732 | 6,029 | |
| Purchases of available-for-sale debt securities | (83,877) | - | |
| Net change in loans | (78,844) | (122,242) | |
| Purchases of premises and equipment | (2,891) | (2,602) | |
| Proceeds from sale of premises and equipment | 143 | 78 | |
| Change in nonmarketable equity securities | 5 | (42) | |
| Net cash provided by (used in) investing activities | 35,232 | (130,487) | |
| Financing Activities | |||
| Net change in deposits | (67,175) | 162,172 | |
| Cash distributions | (5,815) | (4,391) | |
| Shares purchased and retired for restricted stock units | (425) | (367) | |
| Net settlement of stock options | 1,906 | 480 | |
| Common stock issued for restricted stock units | 1 | 1 | |
| Net cash provided by (used in) financing activities | (71,508) | 157,895 | |
| Net Increase in Cash and Due from Banks | 5,678 | 60,375 | |
| Cash and Due from Banks, Beginning of Period | 181,042 | 109,115 | |
| Cash and Due from Banks, End of Period | $186,720 | $169,490 | |
| Supplemental Disclosure of Cash Flows Information | |||
| Interest paid | $34,701 | $26,899 | |
| Income taxes paid | $10,872 | $10,612 | |
| Dividends declared and not paid | $2,242 | $1,929 | |
| Measurement period goodwill adjustment | $ | - | $(146) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.