HTBK · As filed with the SEC

Heritage Commerce cash flow statement, by fiscal year

The statement as Heritage Commerce presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands

USD thousandsFY2025
Year ended Dec 31, 2025
FY2024
Year ended Dec 31, 2024
FY2023
Year ended Dec 31, 2023
FY2022
Year ended Dec 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income47,83040,52864,44366,555
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities(819)(2,582)(4,822)(953)
Gain on sale of SBA loans(215)(473)(482)(491)
Proceeds from sale of SBA loans originated for sale3,1456,4698,0357,689
SBA loans originated for sale(2,615)(6,166)(7,302)(7,767)
Provision for credit losses on loans1,8162,139749766
Increase in cash surrender value of life insurance(2,213)(2,097)(2,031)(1,925)
Depreciation and amortization1,3041,3411,1151,121
Amortization of other intangible assets1,8142,1882,4062,635
Stock option expense, net352516600595
RSUs and PRSUs expense9651,409392—
Amortization of restricted stock awards, net6219161,4042,583
Amortization of subordinated debt issuance costs152151152172
Gain on proceeds from company-owned life insurance0(219)(125)(27)
Effect of changes in:
Accrued interest receivable and other assets(7,336)4,0442,411978
Accrued interest payable and other liabilities16,874(9,193)6,065(2,078)
Net cash provided by operating activities61,67538,97173,01069,853
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of securities available-for-sale(555,713)(30,263)—(425,721)
Purchase of securities held-to-maturity———(146,548,000)
Maturities/paydowns/calls of securities available-for-sale226,147225,06459,01421,881
Maturities/paydowns/calls of securities held-to-maturity59,59959,56663,37688,394
Purchase of mortgage loans———(185,426,000)
Net change in loans(161,155)(142,703)(52,131)(21,862)
Changes in FHLB stock and other investments(12)(16)(18)(18)
Proceeds from redemption of company-owned life insurance05941,612596
Purchase of premises and equipment(377)(1,624)(1,671)(783)
Net cash (used in) provided by investing activities(431,511)110,61870,182(669,487)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits83,055441,573(11,146)(369,808)
Exercise of stock options1,6526901,2202,050
Payment of cash dividends(31,917)(31,858)(31,740)(31,495)
Redemption of subordinated debt———(40,000,000)
Issuance of subordinated debt, net of issuance costs———39,274,000
Repurchase shares of the Company common stock(4,049)———
Net cash provided by (used in) financing activities48,741410,405(41,666)(399,979)
Net increase (decrease) in cash and cash equivalents(321,095)559,994101,526(999,613)
Cash and cash equivalents, beginning of period968,123408,129306,6031,306,216
Cash and cash equivalents, end of period647,028968,123408,129306,603
Supplemental disclosures of cash flow information:
Interest paid72,07677,23746,8348,654
Income taxes paid, net21,45813,21928,34025,175
Supplemental schedule of non-cash activity:
Recording of right of use assets in exchange for lease obligations03,0455412,736
Transfer of loans held-for-sale to loan portfolio———480,000
Transfer of loans held-for-sale to loan portfolio738———

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.