Byline Bancorp, Inc(NYSE:BY) 
Byline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides a range of banking products and services to small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers non-interest bearing accounts, money mar...
Website: http://www.bylinebank.com
Founded: 1914
Full Time Employees: 1,001
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | 2023-09-30 | 2023-03-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2018-12-31 | 2018-09-30 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest and dividend income | |||||||||||||||
interest and fees on loans and leases | 132,401,000 | 128,199,000 | 121,230,000 | 124,042,000 | 125,465,000 | 92,343,000 | 56,646,000 | 55,045,000 | 31,896,000 | 30,933,000 | 29,181,000 | ||||
interest on securities | 13,289,000 | 13,907,000 | 12,127,000 | 5,393,500 | 8,415,000 | 6,600,000 | |||||||||
other interest and dividend income | 2,917,000 | 2,421,000 | 1,493,000 | 2,345,000 | 2,710,000 | 1,059,000 | 560,000 | 615,000 | 205,000 | 217,000 | 280,000 | ||||
total interest and dividend income | 148,607,000 | 144,527,000 | 134,850,000 | 135,614,000 | 136,590,000 | 100,002,000 | 62,895,000 | 61,073,000 | 35,956,000 | 35,044,000 | 33,315,000 | ||||
interest expense | |||||||||||||||
deposits | 42,857,000 | 44,380,000 | 42,049,000 | 43,252,000 | 37,163,000 | 16,298,000 | 7,115,000 | 5,971,000 | 2,218,000 | 2,112,000 | 1,923,000 | ||||
other borrowings | 1,502,000 | 1,396,000 | 1,835,000 | 3,051,000 | 3,981,000 | 5,888,000 | |||||||||
subordinated notes and debentures | 4,377,000 | 2,781,000 | 2,750,000 | 3,026,000 | 2,994,000 | 2,098,000 | |||||||||
total interest expense | 48,736,000 | 48,557,000 | 46,634,000 | 49,329,000 | 44,138,000 | 24,284,000 | 9,634,000 | 8,480,000 | 3,805,000 | 3,632,000 | 3,504,000 | ||||
net interest income | 99,871,000 | 95,970,000 | 88,216,000 | 86,285,000 | 92,452,000 | 75,718,000 | 53,261,000 | 52,593,000 | 32,151,000 | 31,412,000 | 29,811,000 | ||||
provision for credit losses | 5,298,000 | 11,923,000 | 9,179,000 | 7,235,000 | 8,803,000 | 9,825,000 | |||||||||
net interest income after provision for credit losses | 94,573,000 | 84,047,000 | 79,037,000 | 79,050,000 | 83,649,000 | 65,893,000 | |||||||||
non-interest income | |||||||||||||||
fees and service charges on deposits | 2,741,000 | 2,633,000 | 2,703,000 | 2,486,000 | 2,372,000 | 2,120,000 | 1,852,000 | 1,825,000 | 1,304,000 | 1,418,000 | 1,348,000 | ||||
loan servicing revenue | 3,062,000 | 3,071,000 | 3,043,000 | 3,377,000 | 3,369,000 | 3,380,000 | |||||||||
loan servicing asset revaluation | -1,294,000 | -2,150,000 | -1,051,000 | -1,234,000 | -3,646,000 | 656,000 | |||||||||
atm and interchange fees | 1,015,000 | 1,059,000 | 1,034,000 | 1,082,000 | 1,205,000 | 1,063,000 | 1,286,000 | 1,781,000 | 1,498,000 | 1,495,000 | 1,499,000 | ||||
net losses on sales of securities available-for-sale | -37,000 | ||||||||||||||
change in fair value of equity securities | -298,000 | 83,000 | 811,000 | 841,000 | -313,000 | 350,000 | |||||||||
net gains on sales of loans | 6,981,000 | 5,414,000 | 4,938,000 | 5,480,000 | 6,473,000 | 5,148,000 | 9,337,000 | 5,015,000 | 9,036,000 | 7,499,000 | 8,445,000 | ||||
wealth management and trust income | 1,366,000 | 1,074,000 | 1,082,000 | 1,256,000 | 939,000 | 924,000 | 679,000 | 674,000 | |||||||
other non-interest income | 2,291,000 | 3,336,000 | 2,304,000 | 1,215,000 | 1,977,000 | 1,504,000 | 1,447,000 | 1,672,000 | 99,000 | 547,000 | 825,000 | ||||
total non-interest income | 15,864,000 | 14,483,000 | 14,864,000 | 14,503,000 | 12,376,000 | 15,145,000 | 14,566,000 | 11,143,000 | 12,639,000 | 11,918,000 | 13,193,000 | ||||
non-interest expense | |||||||||||||||
salaries and employee benefits | 37,492,000 | 37,819,000 | 36,252,000 | 31,974,000 | 34,969,000 | 30,394,000 | 21,548,000 | 21,312,000 | 17,118,000 | 16,323,000 | 17,226,000 | ||||
occupancy and equipment expense | 4,531,000 | 4,739,000 | 4,852,000 | 3,540,500 | 5,314,000 | 4,444,000 | |||||||||
loan and lease related expenses | 1,274,000 | 938,000 | 827,000 | 649,000 | 836,000 | 963,000 | 2,223,000 | 1,015,000 | 1,116,000 | 891,000 | 801,000 | ||||
legal, audit and other professional fees | 3,876,000 | 4,843,000 | 3,251,000 | 2,648,500 | 3,805,000 | 3,114,000 | 2,746,000 | 2,358,000 | 2,658,000 | 1,608,000 | 1,090,000 | ||||
data processing | 4,903,000 | 4,986,000 | 5,171,000 | 4,982,000 | 6,472,000 | 3,783,000 | 2,846,000 | 2,724,000 | 2,284,000 | 2,399,000 | 2,447,000 | ||||
net loss recognized on other real estate owned and other related expenses | 617,000 | 42,000 | 89,000 | 111,000 | -103,000 | ||||||||||
other intangible assets amortization expense | 1,494,000 | 1,499,000 | 1,118,000 | 1,550,000 | 1,551,000 | 1,455,000 | 1,834,000 | 1,898,000 | 767,000 | 769,000 | 769,000 | ||||
other non-interest expense | 6,331,000 | 4,822,000 | 4,916,000 | -3,724,000 | 4,833,000 | 4,730,000 | 3,008,000 | 3,121,000 | 1,670,000 | 3,706,000 | 1,576,000 | ||||
total non-interest expense | 60,518,000 | 59,602,000 | 56,429,000 | 53,584,000 | 57,891,000 | 48,800,000 | 40,364,000 | 37,956,000 | 30,358,000 | 31,065,000 | 29,249,000 | ||||
income before provision for income taxes | 49,919,000 | 38,928,000 | 37,472,000 | 39,969,000 | 38,134,000 | 32,238,000 | |||||||||
provision for income taxes | 12,719,000 | 8,846,000 | 9,224,000 | 10,365,000 | 9,912,000 | 8,293,000 | |||||||||
net income | 37,200,000 | 30,082,000 | 28,248,000 | 29,604,000 | 28,222,000 | 23,945,000 | 17,121,000 | 14,536,000 | -766,000 | 9,755,000 | 6,146,000 | ||||
yoy | 25.66% | 6.59% | 17.97% | 39.86% | 178.57% | ||||||||||
qoq | 23.66% | 6.49% | 4.90% | 17.86% | 17.78% | -1997.65% | -107.85% | 58.72% | |||||||
earnings per common share | |||||||||||||||
basic | 820 | 660 | 650 | 680 | 660 | 650 | 480 | 400 | -40 | 330 | -180 | ||||
diluted | 820 | 660 | 640 | 690 | 650 | 640 | 470 | 390 | -50 | 320 | -180 | ||||
net gain recognized on other real estate owned and other related expenses | -44,000 | ||||||||||||||
net realized gains on securities available-for-sale | |||||||||||||||
impairment charge on assets held for sale | 1,980,000 | 20,000 | |||||||||||||
dividends on preferred shares | 196,000 | 196,000 | 196,000 | 195,000 | 10,697,000 | ||||||||||
income available to common stockholders | 29,604,000 | 28,222,000 | 23,945,000 | 16,925,000 | 14,340,000 | 2,845,000 | 9,560,000 | ||||||||
interest on taxable securities | 5,334,000 | 5,076,000 | 3,679,000 | 3,720,000 | 3,703,000 | ||||||||||
interest on tax-exempt securities | 355,000 | 337,000 | 176,000 | 174,000 | 151,000 | ||||||||||
federal home loan bank advances | 1,719,000 | 1,723,000 | 1,009,000 | 850,000 | 772,000 | ||||||||||
subordinated debentures and other borrowings | 800,000 | 786,000 | 578,000 | 670,000 | 809,000 | ||||||||||
benefit from loan and lease losses | 3,882,000 | 5,842,000 | 3,347,000 | 3,900,000 | 3,515,000 | ||||||||||
net interest income after benefit from loan and lease losses | 49,379,000 | 46,751,000 | 28,804,000 | 27,512,000 | 26,296,000 | ||||||||||
net servicing fees | 299,500 | 176,000 | |||||||||||||
net gains on sales of securities available-for-sale | 160,000 | ||||||||||||||
occupancy expense | 4,027,000 | 3,548,000 | 3,553,000 | 3,301,000 | 3,485,000 | ||||||||||
equipment expense | 641,000 | 617,000 | 663,000 | 630,000 | 616,000 | ||||||||||
net income (gain) recognized on other real estate owned and other related expenses | 48,000 | -284,000 | |||||||||||||
regulatory assessments | 462,000 | 675,000 | 299,000 | 326,000 | 384,000 | ||||||||||
advertising and promotions | 590,000 | 537,000 | 232,000 | 196,000 | 318,000 | ||||||||||
telecommunications | 391,000 | 435,000 | 428,000 | 351,000 | 396,000 | ||||||||||
income before benefit from income taxes | 23,581,000 | 19,938,000 | 11,085,000 | 8,365,000 | 10,240,000 | ||||||||||
benefit for income taxes | 6,460,000 | 5,402,000 | 11,851,000 | -1,390,000 | 4,094,000 | ||||||||||
servicing fees | 704,000 | 959,000 | 1,076,000 | ||||||||||||
fees on mortgage loan sales | 500 | ||||||||||||||
net income recognized on other real estate owned and other related expenses | 34,000 | 565,000 | |||||||||||||
weighted-average common shares outstanding for basic earnings per common share | 29,246,900,000 | 24,667,587,000 | |||||||||||||
diluted weighted-average common shares outstanding for diluted earnings per common share | 29,752,331,000 | 24,667,587,000 | |||||||||||||
net (gain) loss recognized on other real estate owned and other related expenses | 141,000 | ||||||||||||||
income available (attributable) to common stockholders | -4,551,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2021-12-31 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
cash and due from banks | 70,406,000 | 75,114,000 | 73,453,000 | 58,759,000 | 58,640,000 | 71,248,000 | 59,564,000 | 52,725,000 | 62,274,000 | 56,546,000 | 35,247,000 | 47,101,000 | 41,432,000 | 47,433,000 | 51,818,000 | 45,233,000 | 48,228,000 | 75,275,000 | 57,513,000 | 50,026,000 | 30,190,000 | 25,162,000 | 25,299,000 | 17,396,000 | 19,404,000 | 16,193,000 | 17,740,000 | |
interest bearing deposits with other banks | 188,610,000 | 143,236,000 | 347,861,000 | 504,379,000 | 578,197,000 | 357,640,000 | 260,621,000 | 231,486,000 | 117,079,000 | 159,744,000 | 122,684,000 | 66,038,000 | 41,988,000 | 53,645,000 | 88,113,000 | 74,386,000 | 32,509,000 | 33,564,000 | 31,802,000 | 31,971,000 | 91,670,000 | 119,594,000 | 127,417,000 | 110,645,000 | 38,945,000 | 46,043,000 | 62,081,000 | |
cash and cash equivalents | 259,016,000 | 218,350,000 | 421,314,000 | 563,138,000 | 636,837,000 | 428,888,000 | 320,185,000 | 284,211,000 | 179,353,000 | 216,290,000 | 157,931,000 | 113,139,000 | 83,420,000 | 101,078,000 | 139,931,000 | 119,619,000 | 80,737,000 | 108,839,000 | 89,315,000 | 81,997,000 | 121,860,000 | 144,756,000 | 152,716,000 | 128,041,000 | 58,349,000 | 62,236,000 | 79,821,000 | |
equity and other securities, at fair value | 10,461,000 | 10,759,000 | 10,675,000 | 9,865,000 | 9,135,000 | 7,902,000 | 18,473,000 | 8,339,000 | 7,989,000 | 7,279,000 | 10,578,000 | 8,557,000 | 8,764,000 | 8,335,000 | 8,181,000 | 7,413,000 | 8,031,000 | 7,648,000 | 7,662,000 | 7,216,000 | ||||||||
securities available-for-sale, at fair value | 1,512,194,000 | 1,575,240,000 | 1,538,100,000 | 1,415,696,000 | 1,379,147,000 | 1,239,929,000 | 1,125,700,000 | 1,164,387,000 | 1,174,431,000 | 1,181,654,000 | 1,454,542,000 | 1,675,907,000 | 1,447,230,000 | 1,509,211,000 | 1,426,871,000 | 1,299,483,000 | 1,186,292,000 | 1,031,933,000 | 969,029,000 | 964,553,000 | 817,656,000 | 795,408,000 | 757,825,000 | 626,057,000 | 583,236,000 | 584,684,000 | 591,933,000 | |
securities held-to-maturity, at amortized cost | 605,000 | 1,156,000 | 1,157,000 | 2,158,000 | 2,704,000 | 2,705,000 | 3,877,000 | 3,885,000 | 3,892,000 | 4,395,000 | 4,400,000 | 4,404,000 | 4,408,000 | 4,412,000 | 4,417,000 | 4,421,000 | 4,425,000 | 99,266,000 | 102,683,000 | 106,613,000 | 112,266,000 | 117,163,000 | 121,453,000 | 127,397,000 | ||||
restricted stock, at cost | 15,934,000 | 18,649,000 | 26,311,000 | 27,452,000 | 22,793,000 | 30,505,000 | 24,377,000 | 38,777,000 | 28,202,000 | 27,077,000 | 22,002,000 | 19,057,000 | 10,507,000 | 9,652,000 | 6,232,000 | 24,197,000 | 22,127,000 | 24,331,000 | 22,937,000 | 19,202,000 | 19,202,000 | 19,202,000 | 18,977,000 | 17,177,000 | 16,343,000 | 10,628,000 | 11,978,000 | |
loans held for sale | 20,566,000 | 25,814,000 | 21,333,000 | 3,200,000 | 23,568,000 | 7,299,000 | 25,995,000 | 28,379,000 | 47,823,000 | 33,975,000 | 64,460,000 | 28,584,000 | 7,924,000 | 49,049,000 | 3,031,000 | 13,299,000 | 11,732,000 | 7,176,000 | 18,473,000 | 510,000 | 19,827,000 | 8,737,000 | 5,822,000 | 8,219,000 | 5,212,000 | 2,087,000 | 6,835,000 | |
loans and leases: | ||||||||||||||||||||||||||||
loans and leases | 7,440,755,000 | 7,328,055,000 | 7,025,837,000 | 6,906,822,000 | 6,778,214,000 | 6,613,303,000 | 5,570,517,000 | 5,515,332,000 | 5,421,258,000 | 5,275,471,000 | 4,537,128,000 | 4,454,620,000 | 4,340,535,000 | 4,374,517,000 | 4,391,122,000 | 3,860,259,000 | 3,785,661,000 | 3,831,090,000 | 3,863,148,000 | 3,567,566,000 | 3,501,626,000 | 3,455,802,000 | 3,348,692,000 | 2,280,418,000 | 2,277,492,000 | 2,216,499,000 | 2,149,390,000 | |
allowance for credit losses - loans and leases | -105,717,000 | -107,727,000 | -100,420,000 | -97,988,000 | -102,366,000 | -105,696,000 | -92,665,000 | -90,465,000 | -81,924,000 | |||||||||||||||||||
net loans and leases | 7,335,038,000 | 7,220,328,000 | 6,925,417,000 | 6,808,834,000 | 6,675,848,000 | 6,507,607,000 | 5,477,852,000 | 5,424,867,000 | 5,339,334,000 | 5,210,816,000 | 4,482,116,000 | 4,389,030,000 | 4,274,188,000 | 4,313,259,000 | 4,339,822,000 | 3,818,419,000 | 3,753,725,000 | 3,799,505,000 | 3,832,016,000 | 3,540,460,000 | 3,476,425,000 | 3,432,378,000 | 3,329,005,000 | 2,262,778,000 | 2,260,786,000 | 2,200,519,000 | 2,135,421,000 | |
servicing assets, at fair value | 19,019,000 | 18,797,000 | 19,571,000 | 18,952,000 | 20,992,000 | 19,743,000 | 21,715,000 | 20,944,000 | 19,172,000 | 21,127,000 | 23,744,000 | 22,140,000 | 22,042,000 | 21,267,000 | 18,351,000 | 17,800,000 | 19,471,000 | 19,939,000 | 19,760,000 | 19,534,000 | 19,693,000 | 20,674,000 | 21,587,000 | 21,615,000 | 21,400,000 | 21,669,000 | 21,424,000 | |
premises and equipment | 58,785,000 | 59,544,000 | 59,568,000 | 60,502,000 | 64,466,000 | 67,121,000 | 56,304,000 | 56,098,000 | 56,798,000 | 59,049,000 | 62,548,000 | 85,182,000 | 86,728,000 | 94,638,000 | 95,546,000 | 96,446,000 | 96,140,000 | 96,006,000 | 96,588,000 | 97,069,000 | 97,680,000 | 106,948,000 | 107,300,000 | 94,014,000 | 95,224,000 | 96,334,000 | 98,891,000 | |
other real estate owned | 4,220,000 | 4,946,000 | 6,249,000 | 5,170,000 | 1,671,000 | 2,265,000 | 3,712,000 | 4,717,000 | 4,402,000 | 2,112,000 | 5,952,000 | 6,350,000 | 8,150,000 | 8,652,000 | 9,273,000 | 9,896,000 | 8,531,000 | 8,070,000 | 4,799,000 | 5,314,000 | 4,891,000 | 6,402,000 | 10,466,000 | 10,626,000 | 13,859,000 | 12,684,000 | ||
goodwill and other intangible assets | 202,014,000 | 203,508,000 | 196,980,000 | 202,133,000 | 205,028,000 | 155,977,000 | 157,432,000 | 160,484,000 | 170,882,000 | 174,523,000 | 176,470,000 | 178,362,000 | ||||||||||||||||
bank-owned life insurance | 106,575,000 | 105,714,000 | 100,988,000 | 100,083,000 | 97,748,000 | 96,268,000 | 83,222,000 | 82,693,000 | 82,093,000 | 81,592,000 | 80,039,000 | 60,258,000 | 10,009,000 | 9,952,000 | 9,896,000 | 9,898,000 | 9,750,000 | 9,699,000 | 9,634,000 | 6,087,000 | 5,961,000 | 5,923,000 | 5,886,000 | 5,838,000 | 5,718,000 | 5,680,000 | 5,643,000 | |
deferred tax assets | 49,918,000 | 57,104,000 | 50,703,000 | 56,458,000 | 53,029,000 | 89,841,000 | 66,895,000 | 64,918,000 | 68,213,000 | 91,532,000 | 50,329,000 | 48,662,000 | 40,181,000 | 35,945,000 | 37,082,000 | 33,845,000 | 38,315,000 | 33,388,000 | 35,737,000 | 30,534,000 | 35,643,000 | 42,287,000 | 48,936,000 | 47,371,000 | 49,963,000 | 60,350,000 | 58,784,000 | |
accrued interest receivable and other assets | 218,635,000 | 201,465,000 | 207,523,000 | 223,651,000 | 240,409,000 | 194,572,000 | 192,885,000 | 178,433,000 | 118,883,000 | 157,054,000 | 119,049,000 | 102,292,000 | ||||||||||||||||
total assets | 9,812,375,000 | 9,720,218,000 | 9,584,732,000 | 9,496,529,000 | 9,410,503,000 | 1,165,868 | 8,943,368,000 | 7,575,690,000 | 7,530,346,000 | 7,362,941,000 | 7,277,587,000 | 6,696,172,000 | 6,750,125,000 | 6,390,652,000 | 6,496,513,000 | 6,393,518,000 | 5,734,754,000 | 5,521,809,000 | 5,438,278,000 | 5,391,236,000 | 5,009,925,000 | 4,942,574,000 | 4,917,409,000 | 4,805,280,000 | 3,462,372,000 | 3,366,130,000 | 3,305,442,000 | 3,360,122,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||
non-interest-bearing demand deposits | 1,932,869,000 | 1,773,229,000 | 1,715,599,000 | 1,756,098,000 | 1,851,727,000 | 1,959,855,000 | 1,793,749,000 | 1,952,045,000 | 2,138,645,000 | 2,142,183,000 | 2,158,420,000 | 2,015,643,000 | 1,762,676,000 | 1,718,682,000 | 1,768,675,000 | 1,290,896,000 | 1,279,641,000 | 1,221,431,000 | 1,240,375,000 | 1,163,255,000 | 1,192,873,000 | |||||||
interest-bearing deposits | 5,895,328,000 | 6,037,250,000 | 5,837,709,000 | 5,498,475,000 | 4,993,835,000 | 4,123,343,000 | 3,860,607,000 | 3,470,273,000 | 3,008,897,000 | 3,091,563,000 | 3,189,670,000 | 2,947,940,000 | ||||||||||||||||
total deposits | 7,828,197,000 | 7,810,479,000 | 7,553,308,000 | 7,458,628,000 | 7,350,202,000 | 6,953,690,000 | 5,917,092,000 | 5,812,652,000 | 5,695,121,000 | 5,612,456,000 | 5,155,047,000 | 5,024,540,000 | 4,752,031,000 | 4,810,245,000 | 4,958,345,000 | 4,238,836,000 | 4,147,577,000 | 4,080,314,000 | 4,060,243,000 | 3,808,516,000 | 3,749,916,000 | 3,740,767,000 | 3,644,877,000 | 2,524,547,000 | 2,443,329,000 | 2,520,929,000 | 2,540,598,000 | |
other borrowings | 361,286,000 | 414,110,000 | 578,244,000 | 721,173,000 | 713,233,000 | 574,922,000 | 662,810,000 | 653,954,000 | 749,719,000 | 710,560,000 | 510,414,000 | |||||||||||||||||
subordinated notes | 148,971,000 | 74,127,000 | 74,084,000 | 74,040,000 | 73,909,000 | 73,866 | 73,822,000 | 73,778,000 | 73,735,000 | 73,691,000 | 73,648,000 | 73,517,000 | 73,386,000 | 73,342,000 | 73,299,000 | 48,777,000 | ||||||||||||
junior subordinated debentures issued to capital trusts | 71,272,000 | 71,136,000 | 71,000,000 | 70,890,000 | 70,567,000 | 70,452 | 70,336,000 | 37,557,000 | 37,442,000 | 37,338,000 | 37,232,000 | 36,906,000 | 36,565,000 | 36,451,000 | 36,331,000 | 36,206,000 | 37,462,000 | 37,334,000 | 37,207,000 | 37,059,000 | 36,912,000 | 36,768,000 | 36,615,000 | 36,452,000 | 27,800,000 | 27,647,000 | 27,482,000 | 27,309,000 |
accrued interest payable and other liabilities | 164,967,000 | 157,950,000 | 177,018,000 | 185,603,000 | 212,342,000 | 158,399,000 | 148,057,000 | 152,732,000 | 72,120,000 | 71,382,000 | 58,841,000 | 55,142,000 | ||||||||||||||||
total liabilities | 8,574,693,000 | 8,527,802,000 | 8,453,654,000 | 8,405,032,000 | 8,401,454,000 | 8,023,423,000 | 6,761,748,000 | 6,734,696,000 | 6,597,125,000 | 6,530,022,000 | 5,859,790,000 | 5,956,330,000 | 5,585,188,000 | 5,701,817,000 | 5,612,583,000 | 4,972,087,000 | 4,771,694,000 | 4,702,412,000 | 4,673,561,000 | 4,341,176,000 | 4,291,902,000 | 4,287,548,000 | 4,188,874,000 | 2,999,436,000 | 2,907,552,000 | 2,845,909,000 | 2,912,391,000 | |
commitments and contingent liabilities | ||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||
preferred stock | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | 10,438,000 | |||||||||||||
common stock | 471,000 | 471,000 | 455,000 | 455,000 | 452,000 | 450,000 | 391,000 | 390,000 | 389,000 | 389,000 | 387,000 | 385,000 | 384,000 | 383,000 | 381,000 | 380,000 | 379,000 | 378,000 | 378,000 | 362,000 | 361,000 | 361,000 | 360,000 | 293,000 | 292,000 | 292,000 | 292,000 | |
additional paid-in capital | 758,089,000 | 756,029,000 | 713,086,000 | 717,763,000 | 708,844,000 | 708,615,000 | 599,718,000 | 598,103,000 | 598,297,000 | 597,049,000 | 593,753,000 | 589,209,000 | 587,165,000 | 586,057,000 | 583,307,000 | 582,517,000 | 580,965,000 | 579,564,000 | 578,828,000 | 548,005,000 | 546,849,000 | 545,827,000 | 544,686,000 | 392,932,000 | 391,586,000 | 391,040,000 | 390,660,000 | |
retained earnings | 615,784,000 | 583,170,000 | 557,704,000 | 533,901,000 | 455,532,000 | 403,368,000 | 379,078,000 | 356,365,000 | 335,794,000 | 326,560,000 | 271,676,000 | 210,385,000 | 191,098,000 | 180,162,000 | 168,444,000 | 160,652,000 | 159,033,000 | 144,525,000 | 129,379,000 | 116,363,000 | 102,522,000 | 85,597,000 | 71,257,000 | 68,687,000 | 61,349,000 | 62,311,000 | 52,753,000 | |
treasury stock | -56,959,000 | -57,015,000 | -43,783,000 | -46,935,000 | -48,869,000 | -50,329,000 | -50,383,000 | -51,066,000 | -51,114,000 | -51,535,000 | -31,570,000 | -8,275,000 | -1,668,000 | -1,668,000 | -1,668,000 | -1,668,000 | ||||||||||||
accumulated other comprehensive loss, net of tax | -79,703,000 | -90,239,000 | -96,384,000 | -113,687,000 | -106,910,000 | -142,159,000 | -114,862,000 | -108,142,000 | -117,550,000 | -124,898,000 | -700,000 | -1,348,000 | -6,419,000 | -9,498,000 | -12,362,000 | -10,335,000 | -9,414,000 | -5,087,000 | -4,548,000 | -6,412,000 | ||||||||
total stockholders’ equity | 1,237,682,000 | 1,192,416,000 | 1,131,078,000 | 1,091,497,000 | 1,009,049,000 | 919,945,000 | 813,942,000 | 795,650,000 | 765,816,000 | 747,565,000 | 836,382,000 | 793,795,000 | 805,464,000 | 794,696,000 | 780,935,000 | 762,667,000 | 750,115,000 | 735,866,000 | 717,675,000 | 668,749,000 | 650,672,000 | 629,861,000 | 616,406,000 | 462,936,000 | 458,578,000 | 459,533,000 | 447,731,000 | |
total liabilities and stockholders’ equity | 9,812,375,000 | 9,720,218,000 | 9,584,732,000 | 9,496,529,000 | 9,410,503,000 | 8,943,368,000 | 7,575,690,000 | 7,530,346,000 | 7,362,941,000 | 7,277,587,000 | 6,696,172,000 | 6,750,125,000 | 6,390,652,000 | 6,496,513,000 | 6,393,518,000 | 5,734,754,000 | 5,521,809,000 | 5,438,278,000 | 5,391,236,000 | 5,009,925,000 | 4,942,574,000 | 4,917,409,000 | 4,805,280,000 | 3,462,372,000 | 3,366,130,000 | 3,305,442,000 | 3,360,122,000 | |
accrued interest receivable | 40,652,000 | 29,815,000 | 18,875,000 | 20,678,000 | 13,283,000 | 13,013,000 | 12,913,000 | 11,974,000 | 10,863,000 | 11,331,000 | 10,670,000 | 6,971,000 | 7,670,000 | 7,183,000 | 6,961,000 | |||||||||||||
operating lease right-of-use asset | 9,797,000 | 11,352,000 | 11,646,000 | |||||||||||||||||||||||||
assets held for sale | 2,025,000 | 8,673,000 | 9,153,000 | 13,023,000 | 15,362,000 | 15,472,000 | 16,329,000 | 13,596,000 | 14,489,000 | 8,343,000 | 11,428,000 | 9,030,000 | 9,779,000 | 12,938,000 | 13,666,000 | |||||||||||||
goodwill | 181,705,000 | 148,353,000 | 148,353,000 | 148,353,000 | 148,353,000 | 145,638,000 | 145,638,000 | 128,177,000 | 128,177,000 | 127,536,000 | 127,536,000 | 54,562,000 | 51,975,000 | 51,975,000 | 51,975,000 | |||||||||||||
other intangible assets | 16,393,000 | 10,534,000 | 17,205,000 | 24,278,000 | 31,902,000 | 33,905,000 | 35,908,000 | 31,646,000 | 33,419,000 | 35,248,000 | 37,139,000 | 15,991,000 | 16,756,000 | 17,522,000 | 18,290,000 | |||||||||||||
due from counterparty | 38,869,000 | 11,569,000 | 12,348,000 | 140,996,000 | 43,145,000 | 47,045,000 | 34,226,000 | 20,691,000 | 5,338,000 | 14,484,000 | 25,569,000 | 19,987,000 | 39,824,000 | 21,084,000 | 19,257,000 | |||||||||||||
other assets | 137,133,000 | 13,893 | 131,815,000 | 64,306,000 | 41,586,000 | 29,136,000 | 31,793,000 | 32,580,000 | 27,455,000 | 31,761,000 | 36,580,000 | 31,869,000 | 21,989,000 | 16,106,000 | 15,241,000 | 16,463,000 | ||||||||||||
interest-bearing deposits: | ||||||||||||||||||||||||||||
interest bearing checking, savings accounts, and money market accounts | 3,769,642,000 | 2,633,549,000 | ||||||||||||||||||||||||||
time deposits | 1,932,888,000 | 922,927,000 | 679,711,000 | 787,522,000 | 1,172,525,000 | 1,269,802,000 | 1,265,077,000 | 1,259,710,000 | 1,143,885,000 | 1,110,250,000 | 1,060,252,000 | 756,294,000 | 708,757,000 | 726,493,000 | 778,087,000 | |||||||||||||
federal home loan bank advances | 575,000,000 | 625,000,000 | 490,000,000 | 234,000,000 | 490,000,000 | 506,000,000 | 500,000,000 | 425,000,000 | 425,000,000 | 425,000,000 | 420,000,000 | 380,000,000 | 361,506,000 | 234,559,000 | 219,611,000 | |||||||||||||
term loan | 11,667,000 | 18,333 | ||||||||||||||||||||||||||
line of credit | 11,250 | 16,150,000 | ||||||||||||||||||||||||||
securities sold under agreements to repurchase | 32,106,000 | 15,399,000 | 29,723,000 | 41,994,000 | 49,638,000 | 32,290,000 | 32,885,000 | 34,369,000 | 34,166,000 | 24,446,000 | 24,653,000 | 27,815,000 | 31,187,000 | 30,807,000 | 32,429,000 | |||||||||||||
accrued interest payable | 21,114,000 | 4,494,000 | 262,000 | 1,478,000 | 3,677,000 | 4,778,000 | 4,522,000 | 4,390,000 | 3,484,000 | 2,971,000 | 2,562,000 | 1,612,000 | 1,306,000 | 1,184,000 | 1,562,000 | |||||||||||||
operating lease liability | 10,949,000 | 14,391,000 | 15,629,000 | |||||||||||||||||||||||||
accrued expenses and other liabilities | 150,638,000 | 1,816 | 131,691,000 | 58,706,000 | 73,985,000 | 43,468,000 | 41,823,000 | 38,852,000 | 31,989,000 | 42,568,000 | 57,749,000 | 60,330,000 | 37,662,000 | 42,577,000 | 30,948,000 | 74,732,000 | ||||||||||||
preferred stock, 0.01 par value per share... | 10,438,000 | 10,438,000 | ||||||||||||||||||||||||||
cash | 39,461 | |||||||||||||||||||||||||||
investment in banking subsidiary | 1,112,514 | |||||||||||||||||||||||||||
stockholders' equity | 990,151 | |||||||||||||||||||||||||||
total liabilities and stockholders' equity | 1,165,868 | |||||||||||||||||||||||||||
allowance for loan and lease losses | -64,655,000 | -55,012,000 | -65,590,000 | -66,347,000 | -61,258,000 | -51,300,000 | -41,840,000 | -31,936,000 | -31,585,000 | -31,132,000 | -27,106,000 | -25,201,000 | -23,424,000 | -19,687,000 | -17,640,000 | -16,706,000 | -15,980,000 | -13,969,000 | ||||||||||
now, savings accounts, and money market accounts | 2,316,916,000 | 2,201,833,000 | 1,695,411,000 | 1,589,081,000 | 1,554,791,000 | 1,385,551,000 | 1,413,158,000 | 1,455,295,000 | 1,391,568,000 | 1,018,361,000 | 973,685,000 | 1,040,774,000 | 980,875,000 | |||||||||||||||
paycheck protection program liquidity facility | 371,907,000 | |||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | -8,302,000 | -8,347,000 | 18,047,000 | 19,324,000 | 20,033,000 | 10,348,000 | 961,000 | |||||||||||||||||||||
short-term borrowings | 640,647,000 | |||||||||||||||||||||||||||
non-interest bearing demand deposits | 1,175,222,000 | 1,193,057,000 | 749,892,000 | 760,887,000 | 753,662,000 | 781,636,000 | ||||||||||||||||||||||
interest bearing deposits: | ||||||||||||||||||||||||||||
due from broker | 82,699,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2017-12-31 | 2017-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||
net income | 30,440,000 | 29,604,000 | 28,222,000 | 26,107,000 | 23,945,000 | 22,704,000 | 21,798,000 | 12,291,000 | 13,071,000 | 9,139,000 | 2,966,000 | 15,852,000 | 15,342,000 | 13,211,000 | 12,597,000 | 17,121,000 | 14,536,000 | -766,000 | 9,755,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
provision for credit losses | 9,825,000 | ||||||||||||||||||
impairment loss on premises and equipment | 1,069,000 | ||||||||||||||||||
impairment loss on operating lease right-of-use asset | 194,000 | ||||||||||||||||||
depreciation and amortization of premises and equipment | 1,307,000 | 1,256,000 | 951,000 | 981,000 | 1,012,000 | 1,557,000 | 1,634,000 | 1,642,000 | 1,607,000 | 1,600,000 | 1,688,000 | 1,441,000 | 1,670,000 | 1,590,000 | 1,490,000 | 1,481,000 | 1,274,000 | 1,311,000 | |
net accretion of securities | |||||||||||||||||||
net change in fair value of equity securities | -392,000 | 313,000 | -193,000 | -350,000 | -710,000 | 206,000 | |||||||||||||
net losses on sales of securities available-for-sale | |||||||||||||||||||
net gains on sales of and disposal of premises and equipment | |||||||||||||||||||
net gains on sales of loans | -5,533,000 | -6,473,000 | -5,704,000 | -5,148,000 | -5,509,000 | -8,319,000 | -9,449,000 | -12,671,000 | -6,456,000 | -4,773,000 | -8,735,000 | -9,405,000 | -7,472,000 | -6,233,000 | -9,337,000 | -5,015,000 | |||
net gains on sales of leases | |||||||||||||||||||
originations of u.s. government guaranteed loans | -79,089,000 | -84,117,000 | -93,372,000 | -53,602,000 | -90,949,000 | -95,563,000 | -67,953,000 | -167,855,000 | -70,066,000 | -63,256,000 | -124,167,000 | -65,638,000 | -93,623,000 | -47,157,000 | |||||
proceeds from u.s. government guaranteed loans sold | 35,005,000 | 94,001,000 | 115,776,000 | 46,824,000 | 97,248,000 | 88,489,000 | 148,725,000 | 104,680,000 | 74,110,000 | 53,461,000 | 130,731,000 | 76,495,000 | 77,640,000 | 55,421,000 | |||||
accretion of premiums and discounts on acquired loans | -4,284,000 | -10,276,000 | -611,000 | -729,000 | -137,000 | -1,968,000 | -2,304,000 | -3,911,000 | -3,172,000 | -3,671,000 | -5,418,000 | -7,703,000 | -4,868,000 | -5,201,000 | -6,360,000 | -579,000 | -8,246,000 | -8,112,000 | |
net change in servicing assets | -1,148,000 | 1,972,000 | -771,000 | -1,772,000 | 1,955,000 | -98,000 | -775,000 | -2,916,000 | -551,000 | 1,671,000 | 468,000 | -179,000 | -226,000 | 159,000 | 981,000 | 913,000 | 269,000 | -245,000 | |
net losses on sales and valuation adjustments of other real estate owned | |||||||||||||||||||
net amortization of other acquisition accounting adjustments | 1,626,000 | 2,537,000 | 1,455,000 | 1,455,000 | 1,596,000 | 1,732,000 | |||||||||||||
amortization of subordinated debt issuance cost | 43,000 | 44,000 | 44,000 | 43,000 | 44,000 | 43,000 | 44,000 | ||||||||||||
loss on extinguishment of subordinated debt | |||||||||||||||||||
accretion of junior subordinated debentures discount | 115,000 | 116,000 | 118,000 | 115,000 | 104,000 | 106,000 | 114,000 | 120,000 | 125,000 | 132,000 | 128,000 | 127,000 | 148,000 | 147,000 | 144,000 | 153,000 | 163,000 | 165,000 | 173,000 |
share-based compensation expense | 1,846,000 | 1,793,000 | 1,705,000 | 1,707,000 | 1,510,000 | 1,318,000 | 779,000 | 568,000 | 668,000 | 735,000 | 608,000 | 615,000 | 550,000 | 278,000 | 230,000 | 353,000 | 403,000 | 546,000 | 380,000 |
deferred tax provision | 7,431,000 | -1,351,000 | |||||||||||||||||
increase in cash surrender value of bank owned life insurance | -848,000 | -594,000 | -530,000 | -588,000 | -502,000 | -249,000 | -57,000 | -56,000 | 2,000 | -148,000 | -51,000 | -65,000 | -62,000 | -126,000 | -38,000 | -37,000 | -38,000 | -37,000 | |
gain on death benefit on bank owned life insurance | |||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||
accrued interest receivable and other assets | -374,000 | 2,342,000 | -4,104,000 | 10,214,000 | -19,993,000 | 12,292,000 | |||||||||||||
accrued interest payable and other liabilities | 77,162,000 | 38,357,000 | -4,235,000 | 15,384,000 | -7,365,000 | -13,843,000 | |||||||||||||
net cash from operating activities | 62,336,000 | -132,793,000 | 78,562,000 | 43,336,000 | 49,135,000 | 34,704,000 | 15,000,000 | 105,969,000 | -40,243,000 | 17,444,000 | 25,853,000 | 17,780,000 | 21,015,000 | -23,366,000 | 13,885,000 | 17,769,000 | 16,061,000 | -10,330,000 | -1,915,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 62,336,000 | -132,793,000 | 78,562,000 | 43,336,000 | 49,135,000 | 34,704,000 | 15,000,000 | 105,969,000 | -40,243,000 | 17,444,000 | 25,853,000 | 17,780,000 | 21,015,000 | -23,366,000 | 13,885,000 | 17,769,000 | 16,061,000 | -10,330,000 | -1,915,000 |
cash flows from investing activities | |||||||||||||||||||
purchases of securities available-for-sale | -106,623,000 | 111,225,000 | -109,945,000 | -9,941,000 | -1,280,000 | -9,653,000 | -487,027,000 | -235,524,000 | -272,407,000 | -227,211,000 | -242,685,000 | -238,921,000 | -161,774,000 | -64,226,000 | -84,950,000 | -52,051,000 | -57,909,000 | -18,666,000 | -17,315,000 |
proceeds from maturities and calls of securities available-for-sale | 31,953,000 | 3,017,000 | 679,000 | 3,784,000 | 3,918,000 | 14,596,000 | 19,465,000 | 61,600,000 | 45,396,000 | 66,585,000 | 47,320,000 | 42,626,000 | 18,821,000 | 14,850,000 | 15,963,000 | 7,000,000 | 245,000 | 6,490,000 | |
proceeds from paydowns of securities available-for-sale | 28,916,000 | 31,743,000 | 23,446,000 | 21,262,000 | 25,357,000 | 112,038,000 | 140,220,000 | 90,546,000 | 65,957,000 | 33,410,000 | 34,684,000 | 27,279,000 | 23,210,000 | 18,966,000 | 14,772,000 | 16,323,000 | 16,149,000 | 18,609,000 | |
proceeds from sales of securities available-for-sale | 0 | 183,413,000 | 35,092,000 | 0 | 45,417,000 | 32,509,000 | 0 | 0 | 0 | ||||||||||
proceeds from maturities and calls of securities held-to-maturity | 1,000,000 | 500,000 | 0 | ||||||||||||||||
redemptions (purchases) of federal home loan bank stock | |||||||||||||||||||
proceeds from leases sold | |||||||||||||||||||
net change in loans and leases | -95,840,000 | -230,013,000 | -57,599,000 | -94,571,000 | -157,885,000 | -117,788,000 | 30,841,000 | 13,173,000 | -533,568,000 | -76,141,000 | 40,411,000 | 32,234,000 | -33,602,000 | -62,197,000 | -42,544,000 | -99,340,000 | -44,328,000 | -64,000,000 | |
purchases of premises and equipment | -512,000 | -1,317,000 | -1,258,000 | -281,000 | -304,000 | -477,000 | 233,000 | -747,000 | -1,361,000 | -2,040,000 | -1,976,000 | -878,000 | -434,000 | -979,000 | -1,198,000 | -843,000 | -285,000 | -818,000 | |
proceeds from sales of premises and equipment | 363,000 | 0 | 296,000 | 0 | |||||||||||||||
proceeds from sales of assets held for sale | 1,178,000 | 374,000 | 832,000 | 0 | 859,000 | 0 | 514,000 | 1,000 | 3,373,000 | 975,000 | 1,646,000 | ||||||||
proceeds from sales of other real estate owned | 402,000 | 614,000 | 1,795,000 | 764,000 | 135,000 | 370,000 | 1,439,000 | 224,000 | 386,000 | 264,000 | 451,000 | 1,391,000 | 703,000 | 445,000 | 365,000 | 2,008,000 | 4,315,000 | 2,063,000 | |
proceeds from bank owned life insurance death benefit | 0 | 0 | 0 | 69,000 | 0 | ||||||||||||||
net cash received in acquisition of business | 0 | 0 | 0 | ||||||||||||||||
net cash from investing activities | -146,652,000 | 196,366,000 | -135,129,000 | -21,183,000 | -80,897,000 | -138,013,000 | -351,797,000 | -821,000 | -75,907,000 | -632,436,000 | -177,191,000 | -115,114,000 | -27,148,000 | 5,051,000 | -113,351,000 | -60,138,000 | -125,436,000 | -44,436,000 | |
cash flows from financing activities | |||||||||||||||||||
net increase in deposits | 172,922,000 | 71,121,000 | 104,440,000 | 117,531,000 | 82,665,000 | 272,526,000 | -58,194,000 | -148,081,000 | 719,527,000 | 91,278,000 | 67,293,000 | 20,105,000 | -38,402,000 | 58,669,000 | 96,079,000 | -77,581,000 | -19,590,000 | ||
repayments of line of credit | -11,250,000 | 0 | 0 | 0 | -16,150,000 | ||||||||||||||
repayments of term loan | -1,666,000 | ||||||||||||||||||
proceeds from short-term borrowings | 570,000,000 | 5,920,100,000 | 3,623,000,000 | 6,100,100,000 | 4,696,000,000 | 1,506,000,000 | 2,065,000,000 | 2,836,800,000 | |||||||||||
repayments of short-term borrowings | -425,000,000 | -5,860,100,000 | -3,708,000,000 | -6,100,100,000 | -4,601,000,000 | -1,295,000,000 | -2,646,000,000 | -2,741,800,000 | |||||||||||
proceeds from btfp advances | 200,000,000 | ||||||||||||||||||
repayments of btfp advances | |||||||||||||||||||
proceeds from subordinated debt | |||||||||||||||||||
net increase in securities sold under agreements to repurchase | -6,101,000 | 2,856,000 | -2,888,000 | 22,411,000 | -8,922,000 | 878,000 | 6,009,000 | 203,000 | 9,720,000 | -207,000 | 380,000 | ||||||||
dividends paid on common stock | -3,888,000 | -3,876,000 | -4,054,000 | -3,333,000 | -3,322,000 | -3,317,000 | -2,293,000 | -2,299,000 | -1,138,000 | -1,126,000 | -1,148,000 | ||||||||
proceeds from issuance of common stock | 842,000 | 347,000 | 579,000 | 1,024,000 | 3,089,000 | 269,000 | 0 | 268,000 | 0 | 289,000 | 0 | 291,000 | 31,000 | 0 | |||||
repurchases of common stock | -6,363,000 | 0 | 0 | -1,668,000 | |||||||||||||||
net cash from financing activities | 495,017,000 | -298,922,000 | 165,270,000 | 13,821,000 | 136,620,000 | 66,372,000 | 366,516,000 | -122,807,000 | 77,298,000 | 635,304,000 | 190,220,000 | 69,232,000 | 25,657,000 | 25,633,000 | 59,603,000 | 19,473,000 | 101,415,000 | 49,603,000 | 28,766,000 |
net change in cash and cash equivalents | 410,701,000 | -235,349,000 | 108,703,000 | 35,974,000 | 104,858,000 | ||||||||||||||
cash and cash equivalents, beginning of period | 226,136,000 | -154,078,000 | 0 | 0 | 179,353,000 | 0 | 83,420,000 | 0 | 0 | 0 | 80,737,000 | 0 | 0 | 0 | 121,860,000 | 0 | 0 | 0 | 0 |
cash and cash equivalents, end of period | 636,837,000 | -389,427,000 | 108,703,000 | 35,974,000 | 284,211,000 | -36,937,000 | 113,139,000 | -17,658,000 | -38,853,000 | 20,312,000 | 119,619,000 | -28,102,000 | 19,524,000 | 7,318,000 | 81,997,000 | -22,896,000 | -7,960,000 | -3,887,000 | -17,585,000 |
supplemental disclosures of cash flow information: | |||||||||||||||||||
cash paid during the period for interest | 52,724,000 | 35,772,000 | 27,055,000 | 19,483,000 | 15,401,000 | 2,568,000 | 4,723,000 | 4,011,000 | 5,335,000 | 11,784,000 | 12,987,000 | 12,821,000 | 12,156,000 | 10,044,000 | 9,099,000 | 7,787,000 | 3,590,000 | 3,969,000 | |
supplemental disclosures of non-cash investing and financing activities: | |||||||||||||||||||
transfer of loans to other real estate owned | 5,000 | 72,000 | 444,000 | 55,000 | 506,000 | ||||||||||||||
right-of-use assets exchanged for operating lease liabilities | 422,000 | ||||||||||||||||||
common share withholding | 2,651,000 | ||||||||||||||||||
due from counterparties - loans sold, not settled | |||||||||||||||||||
total assets acquired from acquisition | -20,176,000 | 0 | -641,000 | 0 | |||||||||||||||
value ascribed to goodwill | |||||||||||||||||||
total liabilities assumed from acquisition | 0 | 0 | 0 | 0 | |||||||||||||||
common stock issued due to acquisition of business | |||||||||||||||||||
common dividend declared, not paid | 56,000 | -122,000 | 61,000 | 52,000 | 56,000 | 22,000 | -1,141,000 | 19,000 | 15,000 | 1,162,000 | |||||||||
equity in undistributed income of subsidiary | |||||||||||||||||||
changes in other assets and other liabilities | |||||||||||||||||||
net cash paid in acquisition of business | |||||||||||||||||||
proceeds from revolving line of credit | |||||||||||||||||||
repayments of revolving line of credit | |||||||||||||||||||
proceeds from term loan | 0 | ||||||||||||||||||
dividends paid on preferred stock | 0 | -196,000 | -196,000 | -196,000 | -195,000 | -196,000 | -196,000 | -196,000 | -195,000 | -196,000 | -196,000 | -196,000 | -196,000 | -10,696,000 | |||||
repurchase of preferred stock | 0 | ||||||||||||||||||
repurchase of common stock | |||||||||||||||||||
benefit from credit losses | 6,643,000 | ||||||||||||||||||
impairment loss on assets held for sale | 0 | 0 | 20,000 | 604,000 | 4,022,000 | 32,000 | 0 | 715,000 | 110,000 | 67,000 | 0 | 392,000 | 371,000 | 139,000 | 0 | ||||
net amortization (accretion) of securities | -481,000 | ||||||||||||||||||
net gains on sales and disposal of premises and equipment | -482,000 | ||||||||||||||||||
net incomees on sales and valuation adjustments of other real estate owned | 18,000 | 56,000 | 464,000 | ||||||||||||||||
deferred tax benefit | -501,000 | ||||||||||||||||||
purchases of federal home loan bank stock | -6,489,000 | -8,550,000 | -3,420,000 | -47,095,000 | -2,070,000 | -10,440,000 | -8,235,000 | -10,305,000 | -9,630,000 | -11,340,000 | -11,295,000 | -9,630,000 | -4,095,000 | ||||||
cash paid during the period for taxes | 406,000 | 3,321,000 | 2,722,000 | 309,000 | 179,000 | 4,388,000 | |||||||||||||
assets | |||||||||||||||||||
cash | |||||||||||||||||||
investment in banking subsidiary | |||||||||||||||||||
other assets | -5,342,000 | -5,281,000 | 10,514,000 | 4,018,000 | -3,865,000 | -14,681,000 | 4,236,000 | 1,336,000 | -2,877,000 | -880,000 | -466,000 | ||||||||
total assets | |||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||
line of credit | |||||||||||||||||||
term loan | |||||||||||||||||||
subordinated notes | |||||||||||||||||||
junior subordinated debentures issued to capital trusts | |||||||||||||||||||
accrued expenses and other liabilities | 11,990,000 | 497,000 | 3,776,000 | 848,000 | -10,579,000 | -8,198,000 | -19,593,000 | 2,287,000 | -12,137,000 | ||||||||||
stockholders' equity | |||||||||||||||||||
total liabilities and stockholders' equity | |||||||||||||||||||
income | |||||||||||||||||||
dividends from subsidiary | |||||||||||||||||||
other interest and dividend income | |||||||||||||||||||
change in fair value of equity securities | -154,000 | -766,000 | 619,000 | 15,000 | -551,000 | -499,000 | |||||||||||||
other noninterest income | |||||||||||||||||||
total income | |||||||||||||||||||
expenses | |||||||||||||||||||
interest expense | |||||||||||||||||||
other noninterest expense | |||||||||||||||||||
total expenses | |||||||||||||||||||
income before provision for income taxes and equity in undistributed income of subsidiary | |||||||||||||||||||
benefit for income taxes | |||||||||||||||||||
income before equity in undistributed income of subsidiary | |||||||||||||||||||
net amortization of securities | -181,000 | 822,000 | 856,000 | 912,000 | 2,439,000 | 2,866,000 | 2,673,000 | 1,922,000 | 850,000 | 711,000 | 565,000 | 592,000 | 600,000 | 639,000 | 677,000 | 1,126,000 | 1,183,000 | ||
net realized gains on securities available-for-sale | |||||||||||||||||||
net losses on sales and valuation adjustments of premises and equipment | |||||||||||||||||||
deferred tax provision, net of valuation | -134,000 | 1,410,000 | 1,026,000 | 207,000 | 1,458,000 | -2,609,000 | 3,515,000 | ||||||||||||
redemption (purchases) of federal home loan bank stock | -3,070,000 | 14,400,000 | -10,575,000 | ||||||||||||||||
proceeds from other loans sold | 0 | 0 | 0 | ||||||||||||||||
proceeds from line of credit | 0 | 0 | |||||||||||||||||
redemption of preferred stock | 0 | ||||||||||||||||||
net gains on sales and valuation adjustments of premises and equipment | |||||||||||||||||||
net gains on sales and valuation adjustments of other real estate owned | 96,000 | 296,000 | |||||||||||||||||
deferred tax benefit, net of valuation | 1,705,000 | ||||||||||||||||||
impairment loss on right-of-use asset | |||||||||||||||||||
net gains on sales of securities available-for-sale | -1,462,000 | -2,889,000 | -1,037,000 | 0 | -1,375,000 | 0 | -178,000 | -160,000 | 0 | 0 | 0 | ||||||||
net incomees (gains) on sales and valuation adjustments of premises and equipment | -88,000 | ||||||||||||||||||
loss on redemption of junior subordinated debentures | 0 | 0 | |||||||||||||||||
investment in bank owned life insurance | -50,000,000 | ||||||||||||||||||
proceeds from short-term borrowings and line of credit | |||||||||||||||||||
repayments of short-term borrowings and line of credit | |||||||||||||||||||
proceeds from paycheck protection program liquidity facility | |||||||||||||||||||
repayments of paycheck protection program liquidity facility | |||||||||||||||||||
proceeds from subordinated notes | 0 | 24,483,000 | |||||||||||||||||
repayment of junior subordinated debentures | |||||||||||||||||||
net decrease in securities sold under agreements to repurchase | -595,000 | ||||||||||||||||||
net increase in cash and cash equivalents | 29,719,000 | -17,658,000 | -38,853,000 | 20,312,000 | 38,882,000 | -28,102,000 | 19,524,000 | 7,318,000 | -39,863,000 | -22,896,000 | -7,960,000 | -3,887,000 | -17,585,000 | ||||||
cash payments during the period for taxes | 3,290,000 | 362,000 | |||||||||||||||||
reclassification from equity securities to other assets | |||||||||||||||||||
benefit from loan and lease losses | 4,367,000 | 10,236,000 | 15,740,000 | 15,518,000 | 14,455,000 | 4,387,000 | 5,931,000 | 6,391,000 | 3,999,000 | 3,882,000 | 5,842,000 | 3,347,000 | 3,900,000 | ||||||
proceeds from paycheck protection program liquidity facility ("ppplf") advances | |||||||||||||||||||
repayments of ppplf advances | -116,670,000 | ||||||||||||||||||
net gain on death benefit of bank owned life insurance | |||||||||||||||||||
proceeds from sales and calls of securities available-for-sale | |||||||||||||||||||
transfer of held-to-maturity securities to available-for-sale securities | |||||||||||||||||||
reclassification to other equity securities | |||||||||||||||||||
proceeds from paycheck protection program liquidity facility (pppfl) advances | 132,410,000 | ||||||||||||||||||
proceeds from paydowns of securities held-to-maturity | 3,114,000 | 4,177,000 | 4,150,000 | 5,485,000 | |||||||||||||||
net income on disposal of premises and equipment | -15,000 | 38,000 | 134,000 | ||||||||||||||||
net gains on sales of assets held for sale | -69,000 | 0 | -13,000 | -940,000 | -5,000 | ||||||||||||||
net valuation adjustments on other real estate owned | 278,000 | 302,000 | 463,000 | 322,000 | 26,000 | 79,000 | 84,000 | 124,000 | 452,000 | 93,000 | 47,000 | ||||||||
net gains on sales of other real estate owned | -417,000 | -3,000 | -609,000 | -74,000 | |||||||||||||||
amortization of intangible assets | 1,947,000 | 1,892,000 | 1,893,000 | 2,002,000 | 2,003,000 | 1,959,000 | 1,773,000 | 1,834,000 | 1,898,000 | 767,000 | 769,000 | ||||||||
amortization of time deposit premium | -19,000 | -18,000 | -19,000 | -30,000 | -34,000 | -42,000 | -69,000 | -131,000 | -189,000 | -19,000 | -79,000 | ||||||||
amortization of subordinated notes issuance cost | 39,000 | ||||||||||||||||||
accrued interest receivable | -1,157,000 | -2,773,000 | 878,000 | -177,000 | 116,000 | -1,119,000 | -1,917,000 | 433,000 | -516,000 | -454,000 | -218,000 | ||||||||
accrued interest payable | 554,000 | -155,000 | -1,552,000 | -1,083,000 | 256,000 | 51,000 | 906,000 | 513,000 | 409,000 | 122,000 | -378,000 | ||||||||
federal home loan bank stock repurchases | 0 | 12,644,000 | 6,841,000 | 6,984,000 | 9,630,000 | 11,340,000 | 11,070,000 | 3,915,000 | 5,445,000 | ||||||||||
repayments of junior subordinated debentures | 0 | ||||||||||||||||||
proceeds from issuance of common stock upon exercise of stock options | 1,815,000 | 56,000 | 677,000 | 54,000 | 1,669,000 | 636,000 | 567,000 | ||||||||||||
transfer of securities from held-to-maturity to available-for-sale | 0 | 0 | 94,837,000 | ||||||||||||||||
reclassification of equity and other securities | 0 | 0 | 6,609,000 | ||||||||||||||||
delayed payments of mortgage-backed securities | 192,000 | -89,000 | 389,000 | -213,000 | -121,000 | 215,000 | 626,000 | 169,000 | -392,000 | -78,000 | -445,000 | ||||||||
due from counterparties | 33,571,000 | 15,450,000 | 33,959,000 | -3,900,000 | 12,819,000 | 18,873,000 | 15,353,000 | ||||||||||||
net (gains) losses on sales of other real estate owned | -3,000 | -82,000 | |||||||||||||||||
proceeds from paycheck protection program liquidity facility advances | |||||||||||||||||||
other liabilities | 9,567,000 | ||||||||||||||||||
cash paid (received) during the period for taxes | 51,000 | ||||||||||||||||||
internally financed sale of other real estate owned | 0 | 0 | 0 | 183,000 | 0 | 0 | |||||||||||||
losses on disposal of premises and equipment | |||||||||||||||||||
net incomees (gains) on sales of assets held for sale | |||||||||||||||||||
originations of mortgage loans held for sale | |||||||||||||||||||
net proceeds from mortgage loans sold | |||||||||||||||||||
amortization of federal home loan bank advances premium | 0 | 0 | -53,000 | -104,000 | |||||||||||||||
proceeds from federal home loan bank advances | 2,151,400,000 | 2,855,100,000 | 1,883,000,000 | 1,620,500,000 | 1,472,000,000 | 1,518,100,000 | 1,044,000,000 | 703,000,000 | |||||||||||
repayments of federal home loan bank advances | -2,167,400,000 | -2,849,100,000 | -1,813,300,000 | -1,620,500,000 | -1,472,000,000 | -1,513,100,000 | -917,000,000 | -688,000,000 | |||||||||||
cash paid in lieu of fractional shares | 0 | ||||||||||||||||||
proceeds from issuance of common stock, upon exercise of stock options | |||||||||||||||||||
proceeds from issuance of preferred stock | 0 | 0 | |||||||||||||||||
internally financed sale of assets held for sale | |||||||||||||||||||
due to broker | -3,046,000 | ||||||||||||||||||
due from broker for payment of life insurance death benefit | |||||||||||||||||||
common stock and stock options issued due to acquisition of business | 0 | 0 | |||||||||||||||||
change in fair value of available-for-sale securities, net of tax | 2,752,000 | 7,950,000 | 6,339,000 | 5,914,000 | -2,490,000 | -1,824,000 | 1,776,000 | ||||||||||||
change in fair value of cash flow hedges, net of tax | -443,000 | -2,879,000 | -1,820,000 | -3,050,000 | 463,000 | 1,285,000 | 88,000 | ||||||||||||
transfers of loans to other real estate owned | 1,840,000 | 1,846,000 | 230,000 | 909,000 | 460,000 | 565,000 | 3,211,000 | ||||||||||||
transfers of land and premises to assets held for sale | 0 | 6,527,000 | 0 | 0 | 1,864,000 | ||||||||||||||
transfers of assets held for sale to premises and equipment | 840,000 | ||||||||||||||||||
transfers of premises and equipment to other assets | 0 | 33,000 | 11,000 | 200,000 | |||||||||||||||
transfer of other assets to assets held for sale | |||||||||||||||||||
net incomees on sales of other real estate owned | |||||||||||||||||||
cash payments (refunds) during the period for taxes | 12,063,000 | -2,556,000 | 728,000 | 1,021,000 | |||||||||||||||
net incomees (gains) on sales of other real estate owned | 33,000 | ||||||||||||||||||
exercise of share-based awards | |||||||||||||||||||
purchases of securities held-to-maturity | |||||||||||||||||||
net cash received (paid) in acquisition of business | |||||||||||||||||||
net increase increase in deposits | |||||||||||||||||||
transfers of loans to loans held for sale | 0 | 0 | |||||||||||||||||
subscription receivable of preferred stock | |||||||||||||||||||
losses on disposal of premises or equipment | |||||||||||||||||||
originations of government guaranteed loans | -62,825,000 | -91,439,000 | -67,843,000 | ||||||||||||||||
proceeds from government guaranteed loans sold | 74,583,000 | 80,312,000 | 78,164,000 | ||||||||||||||||
proceeds from maturities of securities held-to-maturity | |||||||||||||||||||
transfers of other assets to assets held for sale | 0 | ||||||||||||||||||
due from counterparty | -11,085,000 | 3,970,000 | |||||||||||||||||
common stock and stock options issued due to business combination | |||||||||||||||||||
due from carrier for payment of life insurance death benefit | |||||||||||||||||||
due from broker for issuance of common stock, net of underwriters' discount | |||||||||||||||||||
due to preferred stockholders for repurchase of series a preferred stock | |||||||||||||||||||
change in due to broker | |||||||||||||||||||
net incomees on sales or disposals of premises and equipment | |||||||||||||||||||
proceeds from mortgage loans sold | 4,000 | 0 | |||||||||||||||||
gain on death benefit of bank owned life insurance | 0 | 0 | |||||||||||||||||
net cash (used in) investing activities | |||||||||||||||||||
internally financed loan sale | |||||||||||||||||||
net (gains) losses on sales of loans | |||||||||||||||||||
net increase in other borrowings |