As Reported Financial Statements

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Cash and cash equivalents

Cash and due from banks 94,934 168,827 185,527 219,366 211,223
Interest bearing cash in other banks 203,455 268,507 306,473 240,240 401,661
Total cash and cash equivalents 298,389 437,334 492,000 459,606 612,884
Interest bearing deposits in other financial institutions 47,895 44,202 53,366 29,409 30,141
Securities available for sale, at fair value 1,010,556 1,556,740 1,720,257 1,846,265 1,818,343
Equity investments NA NA 0 49,835 50,873
Loans held for sale, at the lower of cost or fair value 8,273 22,785 29,661 25,128 921
Loans receivable, net of allowance for loan losses 6,171,933 10,463,989 11,018,034 12,005,558 11,959,787
Other real estate owned (“OREO”), net 21,035 21,990 10,787 7,754 6,258
Federal Home Loan Bank (“FHLB”) stock, at cost 18,964 21,964 29,776 25,461 21,580
Premises and equipment, net 34,575 55,316 56,714 53,794 53,218
Accrued interest receivable 15,195 26,880 29,979 32,225 34,831
Deferred tax assets, net 67,004 88,110 55,203 50,913 39,352
Customers' liabilities on acceptances 1,463 2,899 1,691 2,281 1,896
Bank owned life insurance (“BOLI”) 47,018 73,696 74,915 75,219 75,586
Investments in affordable housing partnerships 25,014 70,059 81,009 92,040 89,078
Operating lease right-of-use assets, net NA NA NA 0 62,360
Goodwill 105,401 462,997 464,450 464,450 464,450
Core deposit intangible assets, net 2,820 19,226 16,523 14,061 13,504
Servicing assets, net 12,000 26,457 24,710 23,132 21,407
Other assets 25,113 46,778 47,642 48,821 42,200
Total assets 7,912,648 13,441,422 14,206,717 15,305,952 15,398,669

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES

Deposits
Noninterest bearing 1,694,427 2,900,241 2,998,734 3,022,633 2,948,751
Interest bearing
Money market and NOW accounts 1,983,250 3,401,446 3,332,703 3,036,653 3,086,920
Savings deposits 187,498 301,906 240,509 225,746 223,562
Time deposits of $100,000 or more 1,772,975 NA NA NA NA
Time deposits of more than $250,000 NA 1,077,024 NA NA NA
Time deposits 702,826 2,961,418 4,274,663 5,870,624 5,989,963
Total deposits 6,340,976 10,642,035 10,846,609 12,155,656 12,249,196
FHLB advances 530,591 754,290 1,157,693 821,280 720,000
Federal funds purchased NA 0 69,900 NA NA
Convertible notes, net NA NA 0 194,543 195,754
Subordinated debentures 42,327 99,808 100,853 101,929 102,201
Accrued interest payable 6,007 10,863 15,961 31,374 37,511
Acceptances outstanding 1,463 2,899 1,691 2,281 1,896
Operating lease liabilities NA NA NA 0 62,833
Commitments to fund investments in affordable housing partnerships 14,908 24,409 38,467 46,507 40,709
Other liabilities 38,281 51,645 47,288 49,171 42,358
Total liabilities 6,974,553 11,585,949 12,278,462 13,402,741 13,452,458

STOCKHOLDERS' EQUITY

Common stock 80 135 136 136 136
Additional paid-in capital 541,596 1,400,490 1,405,014 1,423,405 1,424,029
Retained earnings 398,251 469,505 544,886 662,375 687,404
Treasury stock, at cost NA NA 0 (150,000) (150,000)
Accumulated other comprehensive loss, net (1,832) (14,657) (21,781) (32,705) (15,358)
Total stockholders' equity 938,095 1,855,473 1,928,255 1,903,211 1,946,211
Total liabilities and stockholders' equity 7,912,648 13,441,422 14,206,717 15,305,952 15,398,669
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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