First Farmers and Merchants Corporation (FFMH)

FFMH Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	16.04	16.05	18.05	15.62
Depreciation & Amortization	1.63	1.67	1.79	2.03
Gain (Loss) on Sale of Assets	-0.15	-0.01	-0.09	0.01
Gain (Loss) on Sale of Investments	4	5.33	5.58	5.54
Provision for Credit Losses	-0.16	-0.49	-0.32	-0.15
Net Decrease (Increase) in Loans Originated / Sold - Operating	0.3	-0.34	-1.58	-0.04
Change in Other Net Operating Assets	10.27	-2.53	-7.04	1.83
Other Operating Activities	-0.57	-1.36	-0.49	-0.82
Operating Cash Flow	31.29	18.19	15.28	22.59
Operating Cash Flow Growth	71.99%	19.06%	-32.37%	57.80%
Capital Expenditures	-0.52	-0.63	-1.11	-0.66
Sale of Property, Plant and Equipment	0.15	0.01	0.15	0.45
Investment in Securities	98.55	137.95	-40.64	-301.75
Net Decrease (Increase) in Loans Originated / Sold - Investing	20.83	-52.73	-74.79	80.81
Other Investing Activities	-1.4	2.12	-	-2.6
Investing Cash Flow	117.61	86.72	-116.4	-223.75
Long-Term Debt Issued	-	104	25	-
Total Debt Issued	-	104	25	-
Short-Term Debt Repaid	-	-	-	-11.69
Long-Term Debt Repaid	-104.51	-25.46	-0.44	-
Total Debt Repaid	-104.51	-25.46	-0.44	-11.69
Net Debt Issued (Repaid)	-104.51	78.54	24.56	-11.69
Repurchase of Common Stock	-4.2	-2.94	-1.29	-1.65
Common Dividends Paid	-4.08	-3.98	-3.79	-3.65
Net Increase (Decrease) in Deposit Accounts	-14.94	-180.06	7.42	183.03
Other Financing Activities	-0.02	-0.02	-0.02	-0.02
Financing Cash Flow	-127.74	-108.45	26.89	166.02
Net Cash Flow	21.15	-3.54	-74.23	-35.14
Free Cash Flow	30.77	17.57	14.17	21.93
Free Cash Flow Growth	75.17%	23.99%	-35.39%	65.52%
Free Cash Flow Margin	52.11%	30.44%	22.68%	35.31%
Free Cash Flow Per Share	7.46	4.15	3.29	5.04
Cash Interest Paid	-	-	-	2.69
Cash Income Tax Paid	-	-	-	3.64

Source: S&P Global Market Intelligence. Banks template. Financial Sources.