HTBK · As filed with the SEC

Heritage Commerce cash flow statement, by quarter

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 thousands	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	15,117^†	14,698^†	6,389^†	11,626
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of premiums and accretion of discounts on securities	(44)^†	38^†	(306)^†	(507)
Gain on sale of SBA loans	(30)^†	0^†	(87)^†	(98)
Proceeds from sale of SBA loans originated for sale	481^†	0^†	1,509^†	1,155
SBA loans originated for sale	(448)^†	(169)^†	(694)^†	(1,304)
Provision for credit losses on loans	610^†	416^†	516^†	274
Increase in cash surrender value of life insurance	(563)^†	(564)^†	(548)^†	(538)
Depreciation and amortization	334^†	308^†	315^†	347
Amortization of other intangible assets	453^†	454^†	454^†	453
Stock option expense, net	70^†	73^†	92^†	117
RSUs and PRSUs expense	262^†	506^†	(81)^†	278
Amortization of restricted stock awards, net	154^†	157^†	165^†	145
Amortization of subordinated debt issuance costs	39^†	38^†	37^†	38
Gain on proceeds from company-owned life insurance	0^†	0^†	—	—
Effect of changes in:
Accrued interest receivable and other assets	(1,236)^†	582^†	(10,070)^†	3,388
Accrued interest payable and other liabilities	4,773^†	2,330^†	10,313^†	(542)
Net cash provided by operating activities	19,972^†	18,867^†	8,004^†	14,832
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of securities available-for-sale	(206,920)^†	(137,017)^†	(59,975)^†	(151,801)
Maturities/paydowns/calls of securities available-for-sale	23,825^†	35,538^†	127,097^†	39,687
Maturities/paydowns/calls of securities held-to-maturity	14,917^†	16,218^†	15,320^†	13,144
Net change in loans	(71,421)^†	(46,966)^†	(47,580)^†	4,812
Changes in FHLB stock and other investments	(2)^†	(3)^†	(3)^†	(4)
Purchase of premises and equipment	—	—	—	21,000
Proceeds from redemption of company-owned life insurance	0^†	0^†	—	—
Purchase of premises and equipment	(119)^†	28^†	—	—
Net cash (used in) provided by investing activities	(239,720)^†	(132,202)^†	34,552^†	(94,141)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in deposits	126,540^†	149,212^†	(55,934)^†	(136,763)
Exercise of stock options	461^†	177^†	28^†	986
Payment of cash dividends	(7,967)^†	(7,967)^†	(7,996)^†	(7,987)
Repurchase shares of the Company common stock	0^†	(2,137)^†	—	—
Net cash provided by (used in) financing activities	119,034^†	139,285^†	(65,814)^†	(143,764)
Net increase (decrease) in cash and cash equivalents	(100,714)^†	25,950^†	(23,258)^†	(223,073)
Cash and cash equivalents, beginning of period	747,742	721,792	745,050	968,123
Cash and cash equivalents, end of period	647,028	747,742	721,792	745,050
Supplemental disclosures of cash flow information:
Interest paid	17,613^†	16,622^†	18,966^†	18,875
Income taxes paid, net	7,380^†	3,235^†	—	—
Supplemental schedule of non-cash activity:
Transfer of loans held-for-sale to loan portfolio	—	—	—	738,000
Recording of right of use assets in exchange for lease obligations	0^†	0^†	—	—
Transfer of loans held-for-sale to loan portfolio	0^†	0^†	—	—

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

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