Pacific Premier Bancorp, Inc(NASDAQ:PPBI) 
Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides banking services to businesses, professionals, real estate investors, and non-profit organizations. The company accepts deposit products, such as checking, money market, and savings accounts; an...
Website: http://www.ppbi.com
Founded: 1983
Full Time Employees: 989
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2021-12-31 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-03-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2007-05-15 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 | 2001-09-30 | 2001-06-30 | 2001-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans | 150,419,000 | 148,530,000 | 151,275,000 | 163,409,000 | 167,547,000 | 172,975,000 | 176,773,000 | 177,032,000 | 182,852,000 | 180,958,000 | 184,457,000 | 174,204,000 | 164,455,000 | 155,225,000 | 133,339,000 | 113,265,000 | 119,353,000 | 122,974,000 | 121,476,000 | 84,173,000 | 80,122,000 | 64,915,000 | 63,554,000 | 40,487,000 | 39,035,000 | 35,407,000 | 31,715,000 | 27,288,000 | 27,581,000 | 19,550,000 | 17,922,000 | 16,585,000 | 14,420,000 | 13,688,000 | 11,079,000 | -30,462,706 | 10,658,000 | 10,076,000 | 9,770,000 | 8,230,000 | 7,588,000 | 6,767,000 | 5,123,000 | 4,643,000 | 4,053,000 | 3,032,000 | 3,059,000 | 2,892,000 | 2,658,000 | 3,205,000 | 3,675,000 | 5,760,000 | |||
investment securities and other interest-earning assets | 38,762,000 | 38,805,000 | 44,182,000 | 42,217,000 | 40,507,000 | 40,456,000 | 40,419,000 | 47,030,000 | 42,536,000 | 40,385,000 | 33,324,000 | 24,821,000 | 18,771,000 | 17,769,000 | 10,783,000 | 10,524,000 | 10,493,000 | 9,630,000 | 9,767,000 | 6,654,000 | 5,562,000 | 5,246,000 | 5,179,000 | 1,942,000 | 1,839,000 | 2,098,000 | 1,732,000 | 1,812,000 | 2,158,000 | 1,484,000 | 1,309,000 | 1,437,000 | 1,954,000 | 1,248,000 | |||||||||||||||||||||
total interest income | 189,181,000 | 187,335,000 | 195,457,000 | 205,626,000 | 208,054,000 | 213,431,000 | 217,192,000 | 224,062,000 | 225,388,000 | 221,343,000 | 217,781,000 | 199,025,000 | 183,226,000 | 172,994,000 | 144,122,000 | 123,789,000 | 129,846,000 | 132,604,000 | 131,243,000 | 90,827,000 | 85,684,000 | 70,161,000 | 68,733,000 | 42,429,000 | 40,874,000 | 37,505,000 | 33,447,000 | 29,100,000 | 29,739,000 | 21,034,000 | 19,231,000 | 18,022,000 | 16,374,000 | 14,936,000 | 12,124,000 | -32,400,872 | 11,336,000 | 10,736,000 | 10,374,000 | 8,740,000 | 8,061,000 | 7,207,000 | 5,927,000 | 5,700,000 | 5,265,000 | 4,173,000 | 4,142,000 | 4,029,000 | 4,445,000 | 5,142,000 | 5,083,000 | 6,470,000 | |||
interest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits | 58,376,000 | 59,573,000 | 66,355,000 | 67,898,000 | 64,229,000 | 59,506,000 | 60,915,000 | 62,718,000 | 53,580,000 | 40,234,000 | 25,865,000 | 9,873,000 | 2,682,000 | 4,426,000 | 9,655,000 | 10,487,000 | 13,144,000 | 15,878,000 | 13,284,000 | 5,914,000 | 4,597,000 | 3,557,000 | 3,081,000 | 2,136,000 | 2,010,000 | 2,069,000 | 1,716,000 | 1,719,000 | 1,589,000 | 1,317,000 | 1,203,000 | 1,069,000 | 1,045,000 | ||||||||||||||||||||||
fhlb advances and other borrowings | 2,000 | 2,000 | 5,000 | 1,511,000 | 2,330,000 | 4,237,000 | 4,927,000 | 7,235,000 | 7,155,000 | 7,938,000 | 5,960,000 | 3,480,000 | 3,217,000 | 65,000 | 217,000 | 1,081,000 | 730,000 | 1,214,000 | 4,802,000 | 2,023,000 | 1,471,000 | 1,162,000 | 1,175,000 | 314,000 | 324,000 | 325,000 | 369,000 | 339,000 | 407,000 | 294,000 | 255,000 | 243,000 | 244,000 | 238,000 | |||||||||||||||||||||
subordinated debentures | 4,048,000 | 4,393,000 | 4,565,000 | 5,319,000 | 5,101,000 | 4,561,000 | 4,561,000 | 4,561,000 | 4,561,000 | 4,561,000 | 4,560,000 | 4,560,000 | 4,562,000 | 6,851,000 | 3,958,000 | 3,046,000 | 3,053,000 | 3,177,000 | 1,751,000 | 1,609,000 | 1,446,000 | 1,151,000 | 1,139,000 | 970,000 | 979,000 | 910,000 | 991,000 | 993,000 | 982,000 | 403,000 | 75,000 | 75,000 | 77,000 | 76,000 | 203,000 | -591,199 | 211,000 | 197,000 | 184,000 | 162,000 | 149,000 | 135,000 | 112,000 | 98,000 | 8,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | |||
total interest expense | 62,426,000 | 63,968,000 | 70,925,000 | 74,728,000 | 71,660,000 | 68,304,000 | 70,403,000 | 74,514,000 | 65,296,000 | 52,733,000 | 36,385,000 | 17,913,000 | 10,461,000 | 11,342,000 | 13,830,000 | 14,614,000 | 16,927,000 | 20,269,000 | 19,837,000 | 9,546,000 | 7,514,000 | 5,870,000 | 5,395,000 | 3,420,000 | 3,313,000 | 3,304,000 | 3,076,000 | 3,051,000 | 2,978,000 | 2,014,000 | 1,533,000 | 1,387,000 | 1,366,000 | 1,347,000 | 7,644,000 | -19,481,997 | 7,250,000 | 6,505,000 | 5,755,000 | 4,432,000 | 3,809,000 | 3,081,000 | 2,082,000 | 1,742,000 | 1,458,000 | 1,886,000 | 1,882,000 | 1,974,000 | 2,230,000 | 2,310,000 | 2,285,000 | 4,526,000 | |||
net interest income before provision for credit losses | 126,755,000 | 123,367,000 | 124,532,000 | 130,898,000 | 136,394,000 | 145,127,000 | 160,092,000 | 168,610,000 | 181,396,000 | 181,112,000 | 109,175,000 | 111,406,000 | |||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | -2,078,000 | -3,718,000 | -814,000 | 486,000 | 1,265,000 | 3,852,000 | 1,499,000 | 3,016,000 | 2,838,000 | 1,077,000 | 25,454,000 | 1,526,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest income after provision for credit losses | 128,833,000 | 127,085,000 | 125,346,000 | 130,412,000 | 135,129,000 | 141,275,000 | 158,593,000 | 165,594,000 | 178,558,000 | 180,035,000 | 83,721,000 | 109,880,000 | |||||||||||||||||||||||||||||||||||||||||||
noninterest income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing income | 472,000 | 447,000 | 520,000 | 525,000 | 510,000 | 529,000 | 359,000 | 533,000 | 493,000 | 573,000 | 346,000 | 397,000 | 502,000 | 458,000 | |||||||||||||||||||||||||||||||||||||||||
service charges on deposit accounts | 2,578,000 | 2,629,000 | 2,766,000 | 2,711,000 | 2,710,000 | 2,688,000 | 2,648,000 | 2,673,000 | 2,670,000 | 2,629,000 | 2,689,000 | 2,704,000 | 2,690,000 | 2,032,000 | 1,399,000 | 1,715,000 | 1,558,000 | 1,440,000 | 1,330,000 | 1,150,000 | |||||||||||||||||||||||||||||||||||
other service fee income | 283,000 | 289,000 | 285,000 | 306,000 | 309,000 | 336,000 | 322,000 | 280,000 | 315,000 | 296,000 | 295,000 | 323,000 | 366,000 | 473,000 | 297,000 | 311,000 | 359,000 | 360,000 | 356,000 | 146,000 | |||||||||||||||||||||||||||||||||||
debit card interchange fee income | 935,000 | 834,000 | 886,000 | 876,000 | 925,000 | 765,000 | 844,000 | 924,000 | 914,000 | 803,000 | 1,048,000 | 808,000 | 936,000 | 787,000 | 457,000 | 348,000 | 367,000 | 421,000 | 1,071,000 | 1,036,000 | |||||||||||||||||||||||||||||||||||
earnings on bank owned life insurance | 4,341,000 | 5,772,000 | 4,382,000 | 4,335,000 | 4,218,000 | 4,159,000 | 3,678,000 | 3,579,000 | 3,487,000 | 3,374,000 | 3,359,000 | 3,339,000 | 3,240,000 | ||||||||||||||||||||||||||||||||||||||||||
net gain from sales of loans | 23,000 | 90,000 | 93,000 | 47,000 | 65,000 | -4,000 | 45,000 | 345,000 | 29,000 | 151,000 | 457,000 | 1,136,000 | 361,000 | -2,032,000 | 771,000 | 1,698,000 | 2,313,000 | 1,729,000 | 2,958,000 | 3,331,000 | 3,439,000 | 2,887,000 | 3,122,000 | 2,124,000 | 1,906,000 | 2,705,000 | 2,544,000 | 2,721,000 | 1,775,000 | 1,298,000 | 548,000 | 982,000 | 222,000 | ||||||||||||||||||||||
trust custodial account fees | 8,815,000 | 10,307,000 | 8,714,000 | 8,813,000 | 8,950,000 | 10,642,000 | 9,388,000 | 9,356,000 | 9,360,000 | 11,025,000 | 9,722,000 | 9,951,000 | 10,354,000 | 7,222,000 | |||||||||||||||||||||||||||||||||||||||||
escrow and exchange fees | 774,000 | 672,000 | 768,000 | 673,000 | 702,000 | 696,000 | 1,074,000 | 938,000 | 924,000 | 1,058,000 | 1,282,000 | 1,555,000 | 1,827,000 | 1,526,000 | |||||||||||||||||||||||||||||||||||||||||
other income | -656,000 | 425,000 | 1,561,000 | 581,000 | -167,000 | 5,959,000 | 1,562,000 | 223,000 | 2,031,000 | 1,261,000 | 1,605,000 | 1,023,000 | 1,173,000 | 4,602,000 | 2,653,000 | 1,754,000 | 797,000 | 1,228,000 | 1,460,000 | 1,414,000 | 5,032,000 | 2,493,000 | 1,896,000 | 1,215,000 | 675,000 | 1,241,000 | 477,000 | 792,000 | 494,000 | 1,365,000 | 320,000 | 119,000 | 296,000 | 371,000 | 215,000 | -547,211 | 219,000 | 210,000 | 120,000 | 148,000 | 788,000 | 277,000 | 63,000 | 215,000 | 101,000 | 243,000 | 209,000 | 231,000 | 142,000 | 819,000 | 229,000 | 351,000 | |||
total noninterest income | 17,565,000 | 21,465,000 | 19,975,000 | 18,867,000 | 18,222,000 | 25,774,000 | -234,194,000 | 18,551,000 | 20,539,000 | 21,186,000 | 20,497,000 | 20,164,000 | 22,193,000 | 23,740,000 | 6,898,000 | 14,475,000 | 9,801,000 | 11,430,000 | 7,681,000 | 7,666,000 | 9,451,000 | 8,221,000 | 8,759,000 | 5,968,000 | 4,450,000 | 4,862,000 | 2,678,000 | 5,025,000 | 4,712,000 | 4,467,000 | 2,471,000 | 2,052,000 | 2,321,000 | 2,431,000 | 1,740,000 | -4,345,485 | 2,186,000 | 1,220,000 | 946,000 | 1,056,000 | 1,280,000 | 626,000 | 761,000 | 524,000 | 1,959,000 | 575,000 | 731,000 | 639,000 | 788,000 | 50,000 | 640,000 | 347,000 | |||
noninterest expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation and benefits | 53,268,000 | 52,812,000 | 50,387,000 | 53,400,000 | 53,140,000 | 54,130,000 | 51,907,000 | 54,068,000 | 53,424,000 | 54,293,000 | 54,347,000 | 56,355,000 | 57,562,000 | 52,548,000 | 43,011,000 | 34,376,000 | 36,409,000 | 35,543,000 | 33,388,000 | 28,873,000 | 25,920,000 | 21,707,000 | 21,623,000 | 14,179,000 | 13,095,000 | 12,080,000 | 10,030,000 | 9,418,000 | 9,486,000 | 7,490,000 | 6,485,000 | 6,891,000 | 5,948,000 | 5,687,000 | 2,643,000 | -6,927,769 | 2,389,000 | 2,317,000 | 2,230,000 | 1,914,000 | 1,811,000 | 1,889,000 | 1,842,000 | 1,641,000 | 1,622,000 | 1,275,000 | 1,134,000 | 1,144,000 | 1,064,000 | 1,116,000 | 1,117,000 | 1,242,000 | |||
premises and occupancy | 8,471,000 | 9,716,000 | 10,194,000 | 10,899,000 | 10,480,000 | 10,807,000 | 11,183,000 | 11,382,000 | 11,615,000 | 11,742,000 | 11,641,000 | 12,011,000 | 11,829,000 | 11,980,000 | 9,487,000 | 8,168,000 | 8,113,000 | 7,593,000 | 7,535,000 | 4,781,000 | 4,540,000 | 4,016,000 | 3,733,000 | 2,633,000 | 2,597,000 | 2,391,000 | 2,143,000 | 2,151,000 | 2,082,000 | 1,723,000 | 1,566,000 | 1,588,000 | 1,600,000 | 1,329,000 | 567,000 | -1,680,673 | 580,000 | 558,000 | 545,000 | 391,000 | 321,000 | 322,000 | 333,000 | 334,000 | 363,000 | 352,000 | 361,000 | 347,000 | 477,000 | 486,000 | 525,000 | 604,000 | |||
data processing | 7,806,000 | 7,976,000 | 7,754,000 | 7,777,000 | 7,754,000 | 7,511,000 | 7,409,000 | 7,517,000 | 7,488,000 | 7,265,000 | 6,991,000 | 7,058,000 | 6,604,000 | 5,828,000 | 4,465,000 | 3,253,000 | 3,241,000 | 3,094,000 | 2,930,000 | 2,702,000 | 2,498,000 | 2,082,000 | 2,439,000 | 115,000 | 71,000 | 99,000 | 90,000 | 95,000 | 86,000 | 80,000 | 83,000 | 80,000 | 74,000 | 79,000 | 99,000 | 98,000 | 99,000 | 157,000 | 126,000 | 161,000 | 203,000 | ||||||||||||||
other real estate owned operations | -3,000 | 1,000 | 46,000 | 103,000 | -4,000 | 8,000 | 108,000 | 9,000 | 14,000 | 31,000 | 64,000 | 3,000 | 1,000 | 13,000 | 3,000 | 44,000 | 5,000 | -15,000 | 8,000 | 8,000 | 9,000 | 56,000 | 11,000 | 41,000 | 13,000 | -1,000 | 574,000 | ||||||||||||||||||||||||||||
fdic insurance premiums | 1,947,000 | 1,996,000 | 1,950,000 | 1,922,000 | 1,873,000 | 2,629,000 | 4,267,000 | 2,324,000 | 2,357,000 | 2,425,000 | 1,463,000 | 1,461,000 | 1,452,000 | 1,181,000 | 846,000 | 367,000 | -766,000 | -10,000 | 800,000 | 611,000 | 499,000 | 379,000 | 818,000 | 442,000 | 401,000 | 382,000 | 344,000 | 355,000 | 363,000 | 257,000 | 266,000 | 237,000 | 201,000 | 196,000 | |||||||||||||||||||||
legal and professional services | 2,223,000 | 4,861,000 | 9,041,000 | 4,980,000 | 1,078,000 | 4,143,000 | 4,663,000 | 4,243,000 | 4,716,000 | 5,501,000 | 5,175,000 | 4,075,000 | 4,629,000 | 3,935,000 | |||||||||||||||||||||||||||||||||||||||||
marketing expense | 905,000 | 936,000 | 931,000 | 860,000 | 1,724,000 | 1,558,000 | 1,728,000 | 1,635,000 | 1,879,000 | 1,838,000 | 1,985,000 | 1,912,000 | 1,926,000 | 1,598,000 | 1,319,000 | 1,412,000 | 1,713,000 | 1,767,000 | 1,497,000 | 1,530,000 | 1,364,000 | 1,248,000 | 1,006,000 | 1,591,000 | 775,000 | 630,000 | 520,000 | 567,000 | 615,000 | 318,000 | 242,000 | 176,000 | 307,000 | 264,000 | 194,000 | 140,750 | 215,000 | 215,000 | 133,000 | ||||||||||||||||
office expense | 1,006,000 | 1,099,000 | 1,128,000 | 1,046,000 | 1,077,000 | 1,093,000 | 1,367,000 | 1,079,000 | 1,280,000 | 1,232,000 | 1,310,000 | 1,338,000 | 1,252,000 | 1,829,000 | |||||||||||||||||||||||||||||||||||||||||
loan expense | 829,000 | 781,000 | 556,000 | 734,000 | 840,000 | 770,000 | 437,000 | 476,000 | 567,000 | 646,000 | 743,000 | 789,000 | 1,144,000 | 1,115,000 | 823,000 | 822,000 | 1,064,000 | 1,137,000 | 873,000 | 591,000 | 746,000 | 1,017,000 | 1,068,000 | 534,000 | 540,000 | 403,000 | 442,000 | 370,000 | 263,000 | 258,000 | 191,000 | 184,000 | 282,000 | 184,000 | |||||||||||||||||||||
deposit expense | 13,644,000 | 12,896,000 | 11,689,000 | 12,474,000 | 12,289,000 | 12,665,000 | 11,152,000 | 10,811,000 | 9,194,000 | 8,436,000 | 6,770,000 | 4,846,000 | 4,081,000 | 3,859,000 | 4,958,000 | 4,988,000 | 4,537,000 | 3,478,000 | 3,583,000 | 1,676,000 | 1,478,000 | 1,655,000 | 1,669,000 | 1,315,000 | 1,196,000 | 1,019,000 | 939,000 | 917,000 | 982,000 | 747,000 | 747,000 | 761,000 | 497,000 | 515,000 | |||||||||||||||||||||
merger-related expense | 6,712,000 | 5,000 | 39,346,000 | 1,724,000 | -4,000 | 655,000 | 936,000 | 5,436,000 | 503,000 | 10,117,000 | 497,000 | 3,119,000 | 407,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | 2,501,000 | 2,566,000 | 2,730,000 | 2,762,000 | 2,763,000 | 2,836,000 | 3,022,000 | 3,055,000 | 3,055,000 | 3,171,000 | 3,440,000 | 3,472,000 | 3,479,000 | 4,143,000 | |||||||||||||||||||||||||||||||||||||||||
other expense | 5,064,000 | 4,653,000 | 4,329,000 | 4,790,000 | 4,549,000 | 4,445,000 | 5,061,000 | 4,695,000 | 5,317,000 | 7,549,000 | 3,313,000 | 3,669,000 | |||||||||||||||||||||||||||||||||||||||||||
total noninterest expense | 104,376,000 | 100,292,000 | 100,686,000 | 101,645,000 | 97,567,000 | 102,633,000 | 102,770,000 | 102,185,000 | 100,644,000 | 101,352,000 | 99,182,000 | 100,866,000 | 98,974,000 | 92,489,000 | 115,970,000 | 66,631,000 | 66,216,000 | 65,336,000 | 63,577,000 | 49,808,000 | 49,895,000 | 39,612,000 | 48,496,000 | 25,860,000 | 23,695,000 | 23,647,000 | 18,534,000 | 17,374,000 | 17,214,000 | 13,343,000 | 11,641,000 | 13,541,000 | 11,771,000 | 15,856,000 | 4,430,000 | -11,319,769 | 3,923,000 | 3,738,000 | 3,674,000 | 3,077,000 | 2,887,000 | 2,817,000 | 3,042,000 | 2,730,000 | 2,771,000 | 2,336,000 | 2,483,000 | 2,313,000 | 2,129,000 | 2,764,000 | 2,741,000 | 3,392,000 | |||
net income before income taxes | 42,022,000 | 48,258,000 | 44,635,000 | 47,634,000 | 55,784,000 | 64,416,000 | -191,871,000 | 61,996,000 | 78,488,000 | 85,428,000 | 99,873,000 | 99,333,000 | 95,515,000 | 90,929,000 | -139,415,000 | 31,565,000 | 40,886,500 | 56,867,000 | 53,984,000 | 36,886,000 | 35,541,000 | 30,851,000 | 21,697,000 | 15,104,000 | 16,727,000 | -158,000 | |||||||||||||||||||||||||||||
income tax expense | 9,961,000 | 12,237,000 | 10,742,000 | 11,655,000 | 13,879,000 | 17,391,000 | -56,495,000 | 15,966,000 | 20,852,000 | 22,866,000 | 26,200,000 | 25,970,000 | 25,712,000 | 22,261,000 | |||||||||||||||||||||||||||||||||||||||||
net income | 32,061,000 | 36,021,000 | 33,893,000 | 35,979,000 | 41,905,000 | 47,025,000 | -135,376,000 | 46,030,000 | 57,636,000 | 62,562,000 | 73,673,000 | 73,363,000 | 69,803,000 | 68,668,000 | -99,091,000 | 25,740,000 | 41,098,000 | 41,375,000 | 38,718,000 | 28,002,000 | 16,171,000 | 20,232,000 | 14,176,000 | 9,227,000 | 10,369,000 | 8,554,000 | 8,065,000 | 7,837,000 | 7,825,000 | 5,450,000 | 4,643,000 | 2,632,000 | 3,066,000 | -249,000 | 945,000 | -6,143,572 | 1,504,000 | 2,907,000 | 1,740,000 | 1,833,000 | 2,053,000 | 1,634,000 | 1,150,000 | 1,350,000 | 2,926,000 | 724,000 | 864,000 | -258,000 | 2,414,000 | 253,000 | 388,000 | -1,251,000 | |||
yoy | -23.49% | -23.40% | -125.04% | -21.84% | -27.29% | -24.83% | -283.75% | -37.26% | -17.43% | 7.29% | -174.04% | 171.18% | 65.96% | -355.93% | -8.08% | 154.15% | 104.50% | 173.12% | 203.48% | 55.96% | 136.52% | 75.77% | 17.74% | 32.51% | 56.95% | 73.70% | 197.76% | 155.22% | -2288.76% | 391.32% | -142.84% | 103.86% | -108.57% | -45.69% | -435.16% | -26.74% | 77.91% | 51.30% | 35.78% | -29.84% | 125.69% | 33.10% | -623.26% | 21.21% | 186.17% | 122.68% | -292.97% | ||||||||
qoq | -10.99% | 6.28% | -5.80% | -14.14% | -10.89% | -134.74% | -394.10% | -20.14% | -7.87% | -15.08% | 0.42% | 5.10% | -169.30% | -484.97% | -37.37% | -0.67% | 6.86% | 38.27% | 73.16% | -20.07% | 42.72% | 53.64% | -11.01% | 21.22% | 6.06% | 2.91% | 0.15% | 43.58% | 17.38% | 76.41% | -14.16% | -1331.33% | -126.35% | -115.38% | -508.48% | -48.26% | 67.07% | -5.07% | -10.72% | 25.64% | 42.09% | -14.81% | -53.86% | 304.14% | -16.20% | -434.88% | -110.69% | 854.15% | -34.79% | ||||||
earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.33 | 0.37 | 0.35 | 0.37 | 0.43 | 0.49 | -1.43 | 0.48 | 0.6 | 0.66 | 0.77 | 0.77 | 0.74 | 0.73 | -1.41 | 0.43 | 0.69 | 0.69 | 0.62 | 0.61 | 0.36 | 0.51 | 0.36 | 0.34 | 0.38 | 0.33 | 0.38 | 0.36 | 0.36 | 0.32 | 0.28 | 0.15 | 0.19 | -0.02 | |||||||||||||||||||||
diluted | 0.33 | 0.37 | 0.35 | 0.37 | 0.43 | 0.49 | -1.43 | 0.48 | 0.6 | 0.66 | 0.77 | 0.77 | 0.73 | 0.72 | -1.41 | 0.43 | 0.68 | 0.69 | 0.62 | 0.6 | 0.36 | 0.5 | 0.35 | 0.33 | 0.37 | 0.33 | 0.37 | 0.36 | 0.36 | 0.31 | 0.27 | 0.15 | 0.18 | -0.02 | |||||||||||||||||||||
weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 95,096,632 | 94,764,879 | 94,579,358 | 94,650,096 | 94,628,201 | 94,350,259 | 94,113,132 | 94,189,844 | 94,166,083 | 93,857,812 | 93,718,293 | 93,793,502 | 93,765,264 | 93,532,109 | 93,529,147 | 70,425,027 | 59,007,191 | 60,339,714 | 59,293,218 | 61,987,605 | 45,893,496 | 37,705,556 | 39,709,565 | 39,586,524 | 27,387,123 | 27,378,930 | 25,555,654 | 21,156,668 | 21,510,678 | 21,493,641 | 17,069,216 | 17,124,337 | 17,041,594 | 16,640,471 | 15,516,537 | 5,252,932 | 5,261,897 | 5,263,988 | 5,265,329 | 5,254,160 | 5,259,241 | 5,258,738 | 5,258,738 | 5,256,427 | 5,255,072 | 5,255,072 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,649 | |||
diluted | 95,132,789 | 94,820,132 | 94,682,886 | 94,775,927 | 94,716,205 | 94,477,355 | 94,236,875 | 94,283,008 | 94,215,967 | 94,182,522 | 94,091,461 | 94,120,637 | 94,040,691 | 94,012,137 | 94,093,644 | 70,425,027 | 59,189,717 | 60,692,281 | 59,670,855 | 62,285,783 | 46,652,059 | 38,511,261 | 40,486,114 | 40,267,220 | 27,925,351 | 27,845,490 | 25,952,184 | 21,488,698 | 21,866,840 | 21,828,876 | 17,342,882 | 17,476,390 | 17,376,001 | 17,482,230 | 15,516,537 | 6,693,646 | 6,684,915 | 6,684,649 | 6,689,734 | 6,681,371 | 6,691,665 | 6,558,718 | 6,694,388 | 6,652,867 | 6,559,354 | 6,575,431 | 2,581,635 | 2,561,005 | 2,530,638 | 2,516,862 | 1,333,649 | ||||
net gain from sales of investment securities | -254,065,000 | 138,000 | -393,000 | -31,000 | 4,046,000 | -21,000 | 7,760,000 | 3,671,000 | 4,261,000 | 427,000 | 6,000 | -252,000 | 896,000 | 2,093,000 | 512,000 | 532,000 | 753,000 | -3,000 | 38,000 | 139,000 | 363,000 | 98,000 | 62,000 | 305,000 | 1,068,000 | ||||||||||||||||||||||||||||||
net interest income before benefit from credit losses | 119,562,500 | 149,548,000 | 172,765,000 | 161,652,000 | 130,292,000 | 112,919,000 | 112,335,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 2,108,250 | 3,918,000 | 469,000 | 1,974,000 | 160,635,000 | 2,297,000 | 1,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from credit losses | 117,454,250 | 145,630,000 | 172,296,000 | 159,678,000 | -30,343,000 | 110,622,000 | 110,773,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
earnings on bank-owned life insurance | 2,233,000 | 1,314,000 | 1,336,000 | 655,500 | 861,000 | 910,000 | 611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing fees | 434,000 | 480,000 | 487,000 | 546,000 | 398,000 | 345,000 | 146,000 | 276,000 | 143,000 | 288,000 | 302,000 | 327,000 | -1,188,000 | 1,022,000 | 724,000 | 547,000 | 282,000 | 856,000 | 237,000 | 318,000 | |||||||||||||||||||||||||||||||||||
trust administrative fees | 2,397,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
legal, audit and professional expense | 3,094,000 | 3,126,000 | 3,268,000 | 3,058,000 | 2,998,000 | 1,839,000 | 1,924,000 | 1,978,000 | 1,178,000 | 676,000 | 446,000 | 865,000 | 827,000 | 505,000 | 661,000 | 625,000 | 385,000 | 593,000 | 679,000 | 249,000 | |||||||||||||||||||||||||||||||||||
office, telecommunications and postage expense | 1,533,000 | 1,103,000 | 1,105,000 | 1,200,000 | 1,210,000 | 1,080,000 | 927,000 | 835,000 | 922,000 | ||||||||||||||||||||||||||||||||||||||||||||||
core deposit intangible (“cdi”) amortization | 4,040,000 | 3,965,000 | 3,249,500 | 4,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -40,324,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax | 5,825,000 | 13,109,000 | 15,492,000 | 15,266,000 | 8,884,000 | 19,370,000 | 10,619,000 | 7,521,000 | 5,877,000 | 6,358,000 | 5,742,000 | 4,750,000 | 4,801,000 | 4,601,000 | 3,410,000 | 2,855,000 | 1,565,000 | 1,846,000 | 91,000 | ||||||||||||||||||||||||||||||||||||
cdi amortization | 4,436,000 | 2,274,000 | 2,111,000 | 1,761,000 | 1,761,000 | 525,000 | 645,000 | 344,000 | 348,000 | 344,000 | 344,000 | ||||||||||||||||||||||||||||||||||||||||||||
net interest income before benefit from loan losses | 81,281,000 | 78,170,000 | 64,291,000 | 63,338,000 | 34,201,000 | 30,371,000 | 26,049,000 | 26,761,000 | 19,020,000 | 17,698,000 | 16,635,000 | 15,008,000 | 13,589,000 | ||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 2,253,000 | 2,185,000 | 2,049,000 | 1,904,000 | 4,013,000 | 1,589,000 | 1,120,000 | 1,700,000 | 1,062,000 | 1,833,000 | 1,284,000 | 1,030,000 | 949,000 | 646,000 | 322,000 | 299,000 | -103,469 | 104,000 | 56,000 | 90,000 | 145,000 | 208,000 | 57,000 | 639,000 | 788,000 | 334,000 | 154,000 | ||||||||||||||||||||||||||||
net interest income after benefit from loan losses | 79,028,000 | 75,985,000 | 62,242,000 | 61,434,000 | 34,996,000 | 35,972,000 | 33,081,000 | 28,671,000 | 24,987,000 | 24,928,000 | 17,736,000 | 16,668,000 | 15,686,000 | 14,362,000 | 13,267,000 | 4,181,000 | -12,815,406 | 4,086,000 | 4,127,000 | 4,619,000 | 4,252,000 | 4,162,000 | 3,981,000 | 3,650,000 | 3,750,000 | 3,750,000 | 2,218,000 | 1,416,000 | 2,974,000 | 2,464,000 | 1,790,000 | ||||||||||||||||||||||||
deposit fees | 1,288,000 | 1,117,000 | 1,646,000 | 829,000 | 817,000 | 842,000 | 687,000 | 629,000 | 634,000 | 412,000 | 463,000 | 454,000 | 485,000 | 457,000 | |||||||||||||||||||||||||||||||||||||||||
net gain from other real estate owned | 23,500 | 94,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest provision before benefit from loan losses | 39,009,000 | 37,561,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary-impairment recovery/(loss) on investment securities | 2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
data processing and communications | 1,223,000 | 887,000 | 911,000 | 717,000 | 681,000 | 716,000 | 420,000 | 485,000 | 1,131,000 | 824,000 | 755,000 | ||||||||||||||||||||||||||||||||||||||||||||
office and postage expense | 612,000 | 573,000 | 481,000 | 476,000 | 525,000 | 505,000 | 441,000 | 345,000 | 369,000 | 375,000 | 322,000 | 94,000 | -298,628 | 102,000 | 105,000 | 91,000 | |||||||||||||||||||||||||||||||||||||||
other-than-temporary-impairment loss on investment securities | -207,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income before income tax | 14,296,000 | 6,977,250 | 12,638,000 | 12,426,000 | 8,860,000 | 7,498,000 | 4,197,000 | 4,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||
merger related expense | 626,000 | 4,978,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment recovery (loss) on investment securities | 5,000 | 10,000 | 13,000 | 16,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on fdic transaction | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing deposits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest on transaction accounts | 280,000 | 426,000 | 297,750 | 430,000 | 416,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
interest on certificates of deposit | 753,000 | 3,045,000 | 1,824,250 | 2,581,000 | 2,352,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-bearing deposits | 1,033,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment loss on investment securities | -5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other interest-earning assets | 1,045,000 | 485,250 | 678,000 | 660,000 | 604,000 | 510,000 | 473,000 | 440,000 | 804,000 | 1,057,000 | 1,212,000 | 1,141,000 | 1,083,000 | 1,137,000 | 1,787,000 | 1,937,000 | 1,408,000 | 710,000 | |||||||||||||||||||||||||||||||||||||
interest expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total deposit interest expense | 3,471,000 | 2,122,000 | 3,011,000 | 2,768,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other borrowings | 3,970,000 | 2,607,250 | 4,028,000 | 3,540,000 | 2,861,000 | 2,125,000 | 1,749,000 | 1,266,000 | 530,000 | 354,000 | 232,000 | 119,000 | 100,000 | 154,000 | 167,000 | 164,000 | 36,000 | 295,000 | |||||||||||||||||||||||||||||||||||||
net interest income | 4,480,000 | 3,234,000 | 4,086,000 | 4,231,000 | 4,619,000 | 4,308,000 | 4,252,000 | 4,126,000 | 3,845,000 | 3,958,000 | 3,807,000 | 2,287,000 | 2,260,000 | 2,055,000 | 2,215,000 | 2,832,000 | 2,798,000 | 1,944,000 | |||||||||||||||||||||||||||||||||||||
noninterest income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing fee income | 350,000 | -1,111,485 | 369,000 | 406,000 | 338,000 | 513,000 | 336,000 | 152,000 | 139,000 | 99,000 | 144,000 | 86,000 | 208,000 | 164,000 | 181,000 | ||||||||||||||||||||||||||||||||||||||||
bank and other fee income | 141,000 | 92,500 | 136,000 | 132,000 | 102,000 | 125,000 | 131,000 | 128,000 | 154,000 | 152,000 | 141,000 | 124,000 | 107,000 | 101,000 | 131,000 | 146,000 | 144,000 | 163,000 | |||||||||||||||||||||||||||||||||||||
net gain from loan sales | 1,034,000 | 580,250 | 1,462,000 | 472,000 | 386,000 | 270,000 | 25,000 | 69,000 | 47,000 | 58,000 | 122,000 | 207,000 | |||||||||||||||||||||||||||||||||||||||||||
noninterest expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income on foreclosed real estate | 2,000 | 18,000 | 217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
legal and audit | 352,000 | -379,378 | 118,000 | 126,000 | 136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 1,491,000 | 1,462,250 | 2,349,000 | 1,609,000 | 1,891,000 | 2,231,000 | 2,555,000 | 1,790,000 | 1,369,000 | 1,544,000 | 2,938,000 | 527,000 | 466,000 | 86,000 | 260,000 | 363,000 | |||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 546,000 | 151,000 | 398,000 | 502,000 | 156,000 | 12,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
income per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share | 0.18 | 0.293 | 0.29 | 0.55 | 0.33 | 0.35 | 0.39 | 0.31 | 0.22 | 0.26 | 0.56 | 0.54 | 0.65 | -0.19 | 1.81 | 0.19 | 0.29 | ||||||||||||||||||||||||||||||||||||||
diluted income per share | 0.14 | 0.23 | 0.23 | 0.43 | 0.26 | 0.27 | 0.31 | 0.24 | 0.17 | 0.21 | 0.44 | 0.28 | 0.34 | 0.95 | 0.1 | 0.15 | |||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 95,096,632 | 94,764,879 | 94,579,358 | 94,650,096 | 94,628,201 | 94,350,259 | 94,113,132 | 94,189,844 | 94,166,083 | 93,857,812 | 93,718,293 | 93,793,502 | 93,765,264 | 93,532,109 | 93,529,147 | 70,425,027 | 59,007,191 | 60,339,714 | 59,293,218 | 61,987,605 | 45,893,496 | 37,705,556 | 39,709,565 | 39,586,524 | 27,387,123 | 27,378,930 | 25,555,654 | 21,156,668 | 21,510,678 | 21,493,641 | 17,069,216 | 17,124,337 | 17,041,594 | 16,640,471 | 15,516,537 | 5,252,932 | 5,261,897 | 5,263,988 | 5,265,329 | 5,254,160 | 5,259,241 | 5,258,738 | 5,258,738 | 5,256,427 | 5,255,072 | 5,255,072 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,572 | 1,333,649 | |||
diluted | 95,132,789 | 94,820,132 | 94,682,886 | 94,775,927 | 94,716,205 | 94,477,355 | 94,236,875 | 94,283,008 | 94,215,967 | 94,182,522 | 94,091,461 | 94,120,637 | 94,040,691 | 94,012,137 | 94,093,644 | 70,425,027 | 59,189,717 | 60,692,281 | 59,670,855 | 62,285,783 | 46,652,059 | 38,511,261 | 40,486,114 | 40,267,220 | 27,925,351 | 27,845,490 | 25,952,184 | 21,488,698 | 21,866,840 | 21,828,876 | 17,342,882 | 17,476,390 | 17,376,001 | 17,482,230 | 15,516,537 | 6,693,646 | 6,684,915 | 6,684,649 | 6,689,734 | 6,681,371 | 6,691,665 | 6,558,718 | 6,694,388 | 6,652,867 | 6,559,354 | 6,575,431 | 2,581,635 | 2,561,005 | 2,530,638 | 2,516,862 | 1,333,649 | ||||
net (gain) loss on foreclosed real estate | 17,250 | 26,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | 845,000 | 219,000 | 194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit) benefit from income taxes | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing deposits | 2,710,000 | 2,145,000 | 1,911,000 | 1,680,000 | 1,440,000 | 1,290,000 | 1,218,000 | 1,230,000 | 1,250,000 | 1,291,000 | 1,525,000 | 1,612,000 | 1,796,000 | 4,178,000 | |||||||||||||||||||||||||||||||||||||||||
net gain on foreclosed real estate | 81,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain from investment securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (gain) on foreclosed real estate | 18,000 | 23,000 | 25,000 | 94,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 484,000 | 479,000 | 476,000 | 485,000 | 481,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
benefit for loan losses | 195,000 | 42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on investment securities | 358,000 | 1,573,000 | 143,000 | 351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit for loan losses | 2,288,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(benefit) for income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan servicing and mortgage banking fee income | 190,000 | 276,000 | 422,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,333,572 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 2,505,972 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income/(gain) on foreclosed real estate | 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | -0.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share | -0.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are an integral part of these consolidated financial statements. |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2021-12-31 | 2021-03-31 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-03-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 | 2001-06-30 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 166,647,000 | 149,537,000 | 117,955,000 | 160,305,000 | 163,524,000 | 129,671,000 | 146,696,000 | 153,976,000 | 154,392,000 | 132,441,000 | 135,207,000 | 132,351,000 | 133,732,000 | 83,150,000 | 118,258,000 | 158,784,000 | 108,285,000 | 135,847,000 | 166,238,000 | 122,947,000 | 42,575,000 | 79,284,000 | 35,713,000 | 35,686,000 | 18,543,000 | 15,444,000 | 18,624,000 | 14,935,000 | 102,235,000 | 82,552,000 | 103,356,000 | 120,016,000 | 124,143,000 | 61,393,000 | 103,946,000 | 10,402,000 | 7,875,000 | 4,011,000 | 5,314,000 | 6,289,000 | 3,155,000 | 4,542,000 | 3,003,000 | 4,324,000 | 14,057,000 | 24,179,000 | 2,249,000 | 5,374,000 | 7,766,000 | 7,654,000 | 8,033,000 | 8,757,000 | 23,736,000 | ||
interest-bearing deposits with financial institutions | 624,490,000 | 618,657,000 | 491,375,000 | 821,944,000 | 736,293,000 | 899,147,000 | 789,777,000 | 1,246,300,000 | 1,309,285,000 | 1,292,455,000 | 966,042,000 | 606,860,000 | 839,066,000 | 221,553,000 | 1,436,410,000 | 1,182,946,000 | 425,747,000 | 191,003,000 | 261,477,000 | 55,435,000 | 86,421,000 | 120,780,000 | 85,649,000 | 193,595,000 | 85,361,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents | 791,137,000 | 768,194,000 | 609,330,000 | 982,249,000 | 899,817,000 | 1,028,818,000 | 936,473,000 | 1,400,276,000 | 1,463,677,000 | 1,424,896,000 | 1,101,249,000 | 739,211,000 | 972,798,000 | 304,703,000 | 1,554,668,000 | 1,341,730,000 | 534,032,000 | 326,850,000 | 427,715,000 | 178,382,000 | 128,996,000 | 200,064,000 | 121,362,000 | 229,281,000 | 103,904,000 | 185,299,000 | 193,514,000 | 78,417,000 | 102,761,000 | 83,077,000 | 103,631,000 | 120,292,000 | 124,419,000 | 61,419,000 | 103,972,000 | 33,814,000 | 602,000 | 33,380,000 | 28,511,000 | 5,314,000 | 26,289,000 | 21,655,000 | 6,642,000 | 16,003,000 | 26,324,000 | 7,654,000 | 8,033,000 | 8,757,000 | 24,586,000 | ||||||
interest-bearing time deposits with financial institutions | 1,253,000 | 1,253,000 | 1,246,000 | 1,246,000 | 996,000 | 995,000 | 995,000 | 1,242,000 | 1,487,000 | 1,734,000 | 1,734,000 | 1,733,000 | 2,216,000 | 2,216,000 | 2,708,000 | 2,845,000 | 2,708,000 | 2,708,000 | 2,711,000 | 5,896,000 | 3,693,000 | 3,693,000 | 4,437,000 | 3,944,000 | 3,944,000 | ||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 103 and 110 (fair value of 1,377,903 and 1,428,077) at june 30, 2025 and december 31, 2024, respectively | 1,687,871,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available-for-sale, at fair value | 1,581,731,000 | 1,758,340,000 | 1,683,215,000 | 1,316,546,000 | 1,320,050,000 | 1,154,021,000 | 1,140,071,000 | 1,914,599,000 | 2,011,791,000 | 2,112,852,000 | 2,601,013,000 | 2,661,079,000 | 2,679,070,000 | 4,273,864,000 | 3,857,337,000 | 2,336,066,000 | 1,337,761,000 | 1,368,384,000 | 1,256,655,000 | 1,171,410,000 | 863,243,000 | 787,429,000 | 703,944,000 | 703,083,000 | 280,273,000 | ||||||||||||||||||||||||||||||
fhlb, frb, and other stock | 97,717,000 | 97,729,000 | 97,539,000 | 97,336,000 | 97,037,000 | 97,063,000 | 99,225,000 | 105,505,000 | 105,369,000 | 105,479,000 | 119,918,000 | ||||||||||||||||||||||||||||||||||||||||||||
loans held for sale, at lower of cost or fair value | 751,000 | 2,315,000 | 140,000 | 641,000 | 2,184,000 | 1,247,000 | 2,643,000 | 2,163,000 | 2,957,000 | 10,869,000 | 7,311,000 | 1,007,000 | 111,000 | 1,672,000 | 7,092,000 | 11,671,000 | 29,034,000 | 23,426,000 | 44,343,000 | 6,840,000 | 9,009,000 | ||||||||||||||||||||||||||||||||||
loans held for investment | 11,902,079,000 | 12,022,978,000 | 12,039,741,000 | 12,035,097,000 | 12,489,951,000 | 13,012,071,000 | 13,289,020,000 | 13,270,120,000 | 13,610,282,000 | 14,171,784,000 | 14,676,298,000 | 14,908,811,000 | 15,047,608,000 | 14,295,897,000 | 13,117,392,000 | 15,082,884,000 | 8,754,869,000 | 8,722,311,000 | 8,757,476,000 | 8,865,855,000 | 6,241,841,000 | 6,196,468,000 | 5,009,317,000 | 4,858,611,000 | 3,090,839,000 | 2,920,619,000 | 2,851,432,000 | 2,254,315,000 | 2,167,856,000 | 2,118,560,000 | 1,548,004,000 | 1,466,768,000 | 1,325,372,000 | 1,138,969,000 | 1,055,430,000 | 602,937,000 | 572,226,000 | 552,085,000 | 520,798,000 | 469,822,000 | 405,238,000 | 349,842,000 | 294,589,000 | 191,478,000 | 179,114,000 | 174,907,000 | 132,565,000 | 126,670,000 | 164,883,000 | ||||||
allowance for credit losses | -170,663,000 | -174,967,000 | -178,186,000 | -181,248,000 | -183,803,000 | -192,340,000 | -192,471,000 | -188,098,000 | -192,333,000 | -195,388,000 | -195,651,000 | -195,549,000 | -196,075,000 | -197,752,000 | -266,999,000 | -282,271,000 | -115,422,000 | ||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 69,455,000 | 69,210,000 | 67,953,000 | 64,803,000 | 69,629,000 | 67,642,000 | 68,516,000 | 68,131,000 | 70,093,000 | 69,660,000 | 73,784,000 | 66,192,000 | 66,898,000 | 65,728,000 | 65,098,000 | 78,408,000 | 38,294,000 | 39,442,000 | 38,603,000 | 40,302,000 | 27,073,000 | 27,053,000 | 20,527,000 | 20,607,000 | 11,642,000 | 12,143,000 | 11,862,000 | 9,315,000 | 9,083,000 | 9,072,000 | 6,762,000 | 6,645,000 | 5,865,000 | 5,629,000 | 5,766,000 | 3,907,000 | 3,343,000 | 3,291,000 | 3,176,000 | 2,792,000 | 2,529,000 | 2,341,000 | 1,938,000 | 1,662,000 | 1,513,000 | 1,388,000 | 1,010,000 | 1,032,000 | 1,100,000 | 1,265,000 | 1,378,000 | 1,526,000 | 1,939,000 | ||
premises and equipment | 45,666,000 | 46,765,000 | 48,580,000 | 49,807,000 | 52,137,000 | 54,789,000 | 56,676,000 | 59,396,000 | 61,527,000 | 63,450,000 | 64,543,000 | 65,651,000 | 68,435,000 | 71,908,000 | 76,329,000 | 76,542,000 | 61,615,000 | 59,001,000 | 62,851,000 | 61,523,000 | 53,146,000 | 53,155,000 | 45,725,000 | 45,342,000 | 11,314,000 | 11,014,000 | 11,817,000 | 9,248,000 | 9,044,000 | 9,394,000 | 9,402,000 | 9,344,000 | 9,643,000 | 9,829,000 | 9,997,000 | 9,361,000 | 6,360,000 | 6,304,000 | 6,208,000 | 5,895,000 | 5,115,000 | 5,132,000 | 5,244,000 | 5,172,000 | 5,193,000 | 5,228,000 | 5,368,000 | 5,403,000 | 5,520,000 | 5,492,000 | 5,021,000 | 980,000 | 2,358,000 | ||
deferred income taxes | 93,450,000 | 94,083,000 | 100,295,000 | 104,564,000 | 108,607,000 | 111,390,000 | 113,580,000 | 192,208,000 | 184,857,000 | 177,778,000 | 183,602,000 | 190,948,000 | 163,767,000 | 87,344,000 | 104,450,000 | 105,859,000 | 15,249,000 | 9,275,000 | 13,941,000 | 13,265,000 | 22,023,000 | 22,201,000 | 20,001,000 | 16,552,000 | 17,000,000 | 11,511,000 | 13,059,000 | 12,305,000 | 10,721,000 | 10,796,000 | 9,180,000 | 9,029,000 | 8,644,000 | 6,527,000 | 6,936,000 | 7,010,000 | 5,766,000 | 4,474,000 | 3,894,000 | 3,486,000 | 3,473,000 | 3,446,000 | 3,419,000 | 3,000,000 | 2,950,000 | 2,750,000 | 2,350,000 | 2,350,000 | 350,000 | 350,000 | 1,063,000 | ||||
bank owned life insurance | 490,770,000 | 487,180,000 | 484,952,000 | 481,309,000 | 477,694,000 | 474,404,000 | 471,178,000 | 468,191,000 | 465,288,000 | 462,732,000 | 460,010,000 | 457,301,000 | 454,593,000 | 449,353,000 | 292,932,000 | 305,901,000 | 113,461,000 | 113,376,000 | 112,716,000 | 111,400,000 | 76,454,000 | 75,976,000 | 75,482,000 | 74,982,000 | 40,116,000 | 39,824,000 | 39,535,000 | 39,245,000 | 38,953,000 | 38,665,000 | 26,642,000 | 26,445,000 | 26,240,000 | 23,862,000 | 23,674,000 | 10,476,000 | 10,212,000 | 10,079,000 | 10,001,000 | ||||||||||||||||
intangible assets | 27,127,000 | 29,628,000 | 32,194,000 | 34,924,000 | 37,686,000 | 40,449,000 | 43,285,000 | 46,307,000 | 49,362,000 | 52,417,000 | 55,588,000 | 59,028,000 | 62,500,000 | 69,571,000 | 81,364,000 | 94,550,000 | 79,349,000 | 83,312,000 | 87,560,000 | 96,120,000 | 40,740,000 | 43,014,000 | 33,545,000 | 35,305,000 | 9,976,000 | 10,500,000 | 11,145,000 | 7,170,000 | 7,514,000 | 7,858,000 | 5,867,000 | 6,121,000 | 6,374,000 | 6,881,000 | 7,135,000 | ||||||||||||||||||||
goodwill | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 901,312,000 | 900,204,000 | 901,166,000 | 808,322,000 | 808,322,000 | 808,322,000 | 808,726,000 | 493,785,000 | 493,329,000 | 371,677,000 | 370,564,000 | 101,939,000 | 101,939,000 | 102,085,000 | 50,832,000 | 50,832,000 | 50,832,000 | 22,950,000 | 22,950,000 | 22,950,000 | 17,428,000 | 18,234,000 | ||||||||||||||||||||
other assets | 263,516,000 | 283,761,000 | 301,295,000 | 308,123,000 | 350,931,000 | 341,838,000 | 368,996,000 | 297,574,000 | 275,113,000 | 257,082,000 | 253,871,000 | 257,041,000 | 258,522,000 | 260,204,000 | 240,730,000 | 344,786,000 | 218,008,000 | 154,992,000 | 151,251,000 | 118,966,000 | 38,492,000 | 52,067,000 | 29,752,000 | 30,192,000 | 21,213,000 | 23,200,000 | 25,610,000 | 24,005,000 | 17,993,000 | 18,105,000 | 9,439,000 | 7,535,000 | 6,926,000 | 5,933,000 | 3,833,000 | 1,193,000 | 3,298,000 | 3,517,000 | 2,371,000 | 974,000 | 999,000 | 950,000 | 917,000 | 969,000 | 1,045,000 | 1,019,000 | 1,534,000 | 1,664,000 | 2,146,000 | 2,132,000 | 3,005,000 | 3,055,000 | 3,544,000 | ||
total assets | 17,783,172,000 | 18,085,583,000 | 17,903,585,000 | 17,909,643,000 | 18,332,325,000 | 18,813,181,000 | 19,026,645,000 | 20,275,720,000 | 20,747,883,000 | 21,361,564,000 | 21,688,017,000 | 21,619,201,000 | 21,993,919,000 | 21,094,429,000 | 20,173,298,000 | 20,517,074,000 | 11,976,209,000 | 11,776,012,000 | 11,811,497,000 | 11,580,495,000 | 8,086,816,000 | 8,024,501,000 | 6,532,334,000 | 6,440,631,000 | 3,754,831,000 | 3,598,653,000 | 3,563,085,000 | 2,790,646,000 | 2,715,298,000 | 2,636,756,000 | 2,034,248,000 | 1,921,525,000 | 1,745,282,000 | 1,569,020,000 | 1,558,458,000 | 732,030,000 | 694,576,000 | 712,252,000 | 714,345,000 | 684,901,000 | 702,733,000 | 662,822,000 | 634,469,000 | 587,219,000 | 543,124,000 | 488,145,000 | 423,699,000 | 372,818,000 | 257,220,000 | 250,429,000 | 232,436,000 | 240,638,000 | 246,381,000 | 257,706,000 | 313,235,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit accounts: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing checking | 4,687,795,000 | 4,827,093,000 | 4,617,013,000 | 4,639,077,000 | 4,616,124,000 | 4,997,636,000 | 4,932,817,000 | 5,782,305,000 | 5,895,975,000 | 6,209,104,000 | 6,306,825,000 | 6,775,465,000 | 6,934,318,000 | 6,757,259,000 | 6,302,703,000 | 5,899,442,000 | 3,943,260,000 | 3,857,660,000 | 3,623,546,000 | 3,423,893,000 | 2,312,586,000 | 2,226,848,000 | 1,890,241,000 | 1,810,047,000 | 1,160,394,000 | ||||||||||||||||||||||||||||||
interest-bearing: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
checking | 2,814,687,000 | 2,859,411,000 | 2,898,810,000 | 2,763,353,000 | 2,776,212,000 | 2,785,626,000 | 2,899,621,000 | 2,598,449,000 | 2,759,855,000 | 2,871,812,000 | 3,119,850,000 | 3,605,498,000 | 4,149,432,000 | 3,493,331,000 | 3,155,071,000 | 3,098,454,000 | 577,966,000 | 586,019,000 | 529,401,000 | 560,274,000 | 355,895,000 | 365,193,000 | 304,295,000 | 323,818,000 | 170,057,000 | 168,669,000 | 160,707,000 | 134,999,000 | 130,671,000 | 135,228,000 | |||||||||||||||||||||||||
money market/savings | 5,035,658,000 | 4,914,248,000 | 4,837,929,000 | 4,805,516,000 | 4,844,585,000 | 5,037,636,000 | 4,868,442,000 | 4,873,582,000 | 4,801,288,000 | 5,128,857,000 | 5,422,607,000 | 5,493,988,000 | 5,545,230,000 | 5,806,726,000 | 5,911,417,000 | 6,060,031,000 | 3,499,305,000 | 3,406,988,000 | 3,362,453,000 | 3,138,875,000 | 2,405,869,000 | 2,409,007,000 | 2,009,781,000 | 2,006,131,000 | 1,157,086,000 | 1,099,445,000 | 1,096,334,000 | 827,378,000 | 822,876,000 | 795,725,000 | |||||||||||||||||||||||||
retail certificates of deposit | 1,758,846,000 | 1,765,235,000 | 1,809,818,000 | 1,972,962,000 | 1,906,552,000 | 1,794,813,000 | 1,684,560,000 | 1,525,919,000 | 1,366,071,000 | 1,257,146,000 | 1,086,423,000 | 872,421,000 | 855,966,000 | 1,058,273,000 | 1,353,431,000 | 1,651,976,000 | 897,680,000 | 973,465,000 | 1,019,433,000 | 1,007,559,000 | 770,397,000 | 767,651,000 | 573,652,000 | 572,523,000 | 384,083,000 | 420,673,000 | 455,637,000 | 365,911,000 | 383,481,000 | 402,262,000 | 332,015,000 | 221,903,000 | 192,640,000 | 185,104,000 | 179,282,000 | ||||||||||||||||||||
wholesale/brokered certificates of deposit | 200,387,000 | 300,245,000 | 300,132,000 | 300,019,000 | 484,181,000 | 572,117,000 | 610,186,000 | 1,227,192,000 | 1,716,686,000 | 1,740,891,000 | 1,416,696,000 | 999,002,000 | 599,667,000 | 17,385,000 | 266,790,000 | 174,861,000 | 74,377,000 | 324,455,000 | 584,574,000 | 347,526,000 | 317,169,000 | 240,184,000 | 233,912,000 | 188,132,000 | 198,853,000 | 129,129,000 | 155,064,000 | 121,242,000 | 127,073,000 | ||||||||||||||||||||||||||
total interest-bearing | 9,809,578,000 | 9,839,139,000 | 9,846,689,000 | 9,841,850,000 | 10,011,530,000 | 10,190,192,000 | 10,062,809,000 | 10,225,142,000 | 10,643,900,000 | 10,998,706,000 | 11,045,576,000 | 10,970,909,000 | 11,150,295,000 | 10,358,330,000 | 10,437,304,000 | 11,077,251,000 | 5,149,812,000 | 5,040,849,000 | 5,235,742,000 | 5,291,282,000 | 3,879,687,000 | 3,859,020,000 | 3,127,912,000 | 3,136,384,000 | 1,899,358,000 | 1,887,640,000 | 1,841,807,000 | 1,483,352,000 | 1,458,270,000 | 1,460,288,000 | |||||||||||||||||||||||||
total deposits | 14,497,373,000 | 14,666,232,000 | 14,463,702,000 | 14,480,927,000 | 14,627,654,000 | 15,187,828,000 | 14,995,626,000 | 16,007,447,000 | 16,539,875,000 | 17,207,810,000 | 17,352,401,000 | 17,746,374,000 | 18,084,613,000 | 17,115,589,000 | 16,740,007,000 | 16,976,693,000 | 9,093,072,000 | 8,898,509,000 | 8,859,288,000 | 8,715,175,000 | 6,192,273,000 | 6,085,868,000 | 5,018,153,000 | 4,946,431,000 | 3,059,752,000 | 2,931,001,000 | 2,906,264,000 | 2,195,123,000 | 2,139,207,000 | 2,095,983,000 | 1,543,466,000 | 1,445,581,000 | 1,435,203,000 | 1,284,134,000 | 1,314,189,000 | 348,162,000 | 321,502,000 | 325,522,000 | 311,418,000 | 327,936,000 | 324,638,000 | 297,766,000 | 290,410,000 | 278,535,000 | 268,923,000 | 251,743,000 | 210,110,000 | 202,450,000 | 196,695,000 | ||||||
subordinated debentures | 124,023,000 | 272,579,000 | 272,449,000 | 272,320,000 | 332,160,000 | 332,001,000 | 331,842,000 | 331,682,000 | 331,523,000 | 331,364,000 | 331,204,000 | 331,045,000 | 330,886,000 | 330,567,000 | 501,611,000 | 501,375,000 | 215,269,000 | 215,145,000 | 217,825,000 | 110,381,000 | 105,188,000 | 105,123,000 | 79,871,000 | 79,800,000 | 69,353,000 | 70,310,000 | 70,310,000 | 70,310,000 | 70,310,000 | 70,310,000 | 70,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 10,310,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | |
accrued expenses and other liabilities | 186,358,000 | 179,683,000 | 211,691,000 | 212,459,000 | 248,747,000 | 190,551,000 | 216,596,000 | 281,057,000 | 227,351,000 | 191,229,000 | 206,023,000 | 206,386,000 | 223,201,000 | 203,962,000 | 218,582,000 | 343,353,000 | 143,934,000 | 131,367,000 | 140,527,000 | 138,284,000 | 43,922,000 | 55,227,000 | 70,477,000 | 57,402,000 | 39,548,000 | 36,460,000 | 32,661,000 | 30,108,000 | 23,531,000 | 21,481,000 | 27,054,000 | 18,166,000 | 15,403,000 | 16,948,000 | 17,066,000 | 6,993,000 | 11,305,000 | 5,745,000 | 5,545,000 | 6,070,000 | 4,394,000 | 2,891,000 | 3,499,000 | 4,622,000 | 3,161,000 | 1,931,000 | 2,110,000 | 2,301,000 | 1,788,000 | 2,821,000 | 3,710,000 | 4,478,000 | 2,724,000 | ||
total liabilities | 14,807,754,000 | 15,118,494,000 | 14,947,842,000 | 14,965,706,000 | 15,408,561,000 | 15,910,380,000 | 16,144,064,000 | 17,420,186,000 | 17,898,749,000 | 18,530,403,000 | 18,889,628,000 | 18,883,805,000 | 19,238,700,000 | 18,208,118,000 | 17,470,200,000 | 17,862,427,000 | 9,973,292,000 | 9,763,418,000 | 9,822,499,000 | 9,573,431,000 | 6,824,908,000 | 6,782,505,000 | 5,550,674,000 | 5,480,900,000 | 3,304,866,000 | 3,158,023,000 | 3,134,191,000 | 2,491,666,000 | 2,424,531,000 | 2,355,163,000 | 1,836,391,000 | 1,729,344,000 | 1,556,422,000 | 1,397,866,000 | 1,389,647,000 | 673,534,000 | 639,426,000 | 655,117,000 | 658,877,000 | 632,273,000 | 613,518,000 | 586,896,000 | 541,711,000 | 499,096,000 | 445,367,000 | 382,294,000 | 332,384,000 | 244,915,000 | 238,561,000 | 221,458,000 | 229,125,000 | 237,109,000 | 249,288,000 | 300,827,000 | |
stockholders’ equity | 55,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 946,000 | 946,000 | 942,000 | 942,000 | 941,000 | 941,000 | 938,000 | 937,000 | 937,000 | 937,000 | 933,000 | 933,000 | 933,000 | 929,000 | 931,000 | 930,000 | |||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 2,400,552,000 | 2,394,834,000 | 2,395,339,000 | 2,389,767,000 | 2,383,615,000 | 2,378,171,000 | 2,377,131,000 | 2,371,941,000 | 2,366,639,000 | 2,361,830,000 | 2,362,663,000 | 2,357,731,000 | 2,353,361,000 | 2,351,294,000 | 2,348,445,000 | 2,348,415,000 | 1,596,680,000 | 1,594,434,000 | 1,590,168,000 | 1,676,024,000 | 1,065,218,000 | 1,063,974,000 | 817,809,000 | 815,329,000 | 343,231,000 | 342,388,000 | 341,660,000 | 221,487,000 | 220,992,000 | 220,759,000 | 150,062,000 | 149,942,000 | 152,325,000 | 143,014,000 | 142,759,000 | 66,801,000 | 67,618,000 | 67,618,000 | 67,618,000 | 67,564,000 | 42,629,000 | ||||||||||||||
retained earnings | 639,189,000 | 639,321,000 | 635,268,000 | 633,350,000 | 629,341,000 | 619,405,000 | 604,137,000 | 771,285,000 | 757,025,000 | 731,123,000 | 700,040,000 | 657,845,000 | 615,943,000 | 541,950,000 | 368,911,000 | 247,078,000 | 361,242,000 | 396,051,000 | 368,051,000 | 325,363,000 | 205,069,000 | 177,149,000 | 160,978,000 | 140,746,000 | 105,098,000 | 95,869,000 | 85,500,000 | 76,946,000 | 68,881,000 | 61,044,000 | 47,540,000 | 42,090,000 | 37,447,000 | 30,611,000 | 27,545,000 | ||||||||||||||||||||
accumulated other comprehensive loss | -65,269,000 | -68,012,000 | -75,806,000 | -80,122,000 | -90,133,000 | -95,716,000 | -99,625,000 | -288,629,000 | -275,467,000 | -262,729,000 | -265,247,000 | -281,113,000 | -215,018,000 | ||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 2,975,418,000 | 2,967,089,000 | 2,955,743,000 | 2,943,937,000 | 2,923,764,000 | 2,902,801,000 | 2,882,581,000 | 2,855,534,000 | 2,849,134,000 | 2,831,161,000 | 2,798,389,000 | 2,735,396,000 | 2,755,219,000 | 2,886,311,000 | 2,703,098,000 | 2,654,647,000 | 2,002,917,000 | 2,012,594,000 | 1,988,998,000 | 2,007,064,000 | 428,894,000 | 298,980,000 | 290,767,000 | 281,593,000 | 197,857,000 | 192,181,000 | 188,860,000 | 171,154,000 | 168,811,000 | 58,496,000 | 57,135,000 | 55,468,000 | 52,628,000 | 50,579,000 | 49,304,000 | 47,573,000 | 45,508,000 | 44,028,000 | 42,778,000 | 41,405,000 | 40,434,000 | 12,305,000 | 11,868,000 | 10,978,000 | 11,513,000 | 9,272,000 | 8,418,000 | 12,408,000 | |||||||
total liabilities and stockholders’ equity | 17,783,172,000 | 18,085,583,000 | 17,903,585,000 | 17,909,643,000 | 18,332,325,000 | 18,813,181,000 | 19,026,645,000 | 20,275,720,000 | 20,747,883,000 | 21,361,564,000 | 21,688,017,000 | 21,619,201,000 | 21,993,919,000 | 21,094,429,000 | 20,173,298,000 | 20,517,074,000 | 11,976,209,000 | 11,776,012,000 | 11,811,497,000 | 11,580,495,000 | 3,563,085,000 | 2,790,646,000 | 2,715,298,000 | 2,636,756,000 | 2,034,248,000 | 1,921,525,000 | 1,745,282,000 | 1,569,020,000 | 1,558,458,000 | 712,252,000 | 714,345,000 | 684,901,000 | 662,822,000 | 634,469,000 | 587,219,000 | 543,124,000 | 488,145,000 | 423,699,000 | 372,818,000 | 257,220,000 | 250,429,000 | 232,436,000 | 240,638,000 | 246,381,000 | 257,706,000 | ||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 97 and 110 (fair value of 1,410,612 and 1,428,077) at march 31, 2025 and december 31, 2024, respectively | 1,700,117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance of 110 and 126 | 1,711,804,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other real estate owned | 248,000 | 248,000 | 450,000 | 270,000 | 5,499,000 | 386,000 | 441,000 | 441,000 | 126,000 | 180,000 | 206,000 | 326,000 | 372,000 | 372,000 | 711,000 | 711,000 | 1,161,000 | 1,161,000 | 711,000 | 711,000 | 752,000 | 752,000 | 752,000 | 1,186,000 | 1,186,000 | ||||||||||||||||||||||||||||||
fhlb advances and other borrowings | 200,000,000 | 200,000,000 | 600,000,000 | 800,000,000 | 800,000,000 | 800,000,000 | 1,000,000,000 | 600,000,000 | 600,000,000 | 558,000,000 | 10,000,000 | 41,006,000 | 521,017,000 | 517,026,000 | 604,558,000 | 609,591,000 | 483,525,000 | 536,287,000 | 382,173,000 | 397,267,000 | 136,213,000 | 120,252,000 | 124,956,000 | 196,125,000 | 191,483,000 | 167,389,000 | 195,561,000 | 255,287,000 | 95,506,000 | 86,474,000 | 48,082,000 | 299,274,000 | |||||||||||||||||||||||
accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 104 and 126 (fair value of 1,482,042 and 1,485,506) at september 30, 2024 and december 31, 2023, respectively | 1,713,575,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 129 and 126 (fair value of 1,427,324 and 1,485,506) at june 30, 2024 and december 31, 2023, respectively | 1,710,141,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 115 and 126 (fair value of 1,447,697 and 1,485,506) at march 31, 2024 and december 31, 2023, respectively | 1,720,481,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance of 126 and 43 | 1,729,541,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 128 and 43 (fair value of 1,354,434 and 1,097,096) at september 30, 2023 and december 31, 2022, respectively | 1,737,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 113 and 43 (fair value of 1,458,287 and 1,097,096) at june 30, 2023 and december 31, 2022, respectively | 1,737,604,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance for credit losses of 227 and 43 (fair value of 1,496,494 and 1,097,096) at march 31, 2023 and december 31, 2022, respectively | 1,749,030,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments securities held-to-maturity, at amortized cost, net of allowance of 43 and 22 | 1,388,103,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity, at amortized cost, net of allowance for credit losses of 91 and 22 (fair value of 1,055,187 and 384,423) at september 30, 2022 and december 31, 2021, respectively | 1,385,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fhlb, frb, and other stock, at cost | 118,778,000 | 118,636,000 | 117,538,000 | 117,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity, at amortized cost, net of allowance for credit losses of 109 and 22 (fair value of 1,156,501 and 384,423) at june 30, 2022 and december 31, 2021, respectively | 1,390,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity, at amortized cost, net of allowance of 22 and 0 | 381,674,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -7,862,000 | -15,189,000 | 58,224,000 | 44,409,000 | 21,523,000 | 30,195,000 | 5,060,000 | -8,851,000 | 7,000 | 81,000 | 254,000 | ||||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity, at amortized cost | 21,931,000 | 32,557,000 | 34,553,000 | 37,838,000 | 40,433,000 | 43,894,000 | 24,559,000 | 18,291,000 | 18,627,000 | 7,750,000 | |||||||||||||||||||||||||||||||||||||||||||||
fhlb, frb and other stock, at cost | 94,658,000 | 92,858,000 | 93,061,000 | 92,986,000 | 94,751,000 | 82,115,000 | 65,881,000 | 58,344,000 | 56,612,000 | 29,966,000 | 26,984,000 | 25,853,000 | 22,292,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, .01 par value... | 586,000 | 586,000 | 584,000 | 617,000 | 472,000 | 458,000 | 397,000 | 396,000 | 273,000 | 273,000 | 273,000 | 215,000 | 215,000 | 215,000 | 171,000 | 171,000 | 172,000 | 166,000 | 166,000 | 52,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 53,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | ||||||||||||||||||
allowance for loan losses | -35,698,000 | -35,000,000 | -37,856,000 | -30,502,000 | -28,936,000 | -27,143,000 | -25,055,000 | -21,843,000 | -18,955,000 | -18,455,000 | -17,317,000 | -16,145,000 | -15,100,000 | -10,767,000 | -9,733,000 | -8,685,000 | -7,994,000 | -7,994,000 | 3,050,000 | ||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,261,908,000 | 1,241,996,000 | 981,660,000 | 959,731,000 | 449,965,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 8,086,816,000 | 8,024,501,000 | 6,532,334,000 | 6,440,631,000 | 3,754,831,000 | 732,030,000 | 313,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of 231 at december 31, 2017 and (1,978) at december 31, 2016 | 415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax | 2,476,000 | 1,363,000 | 2,100,000 | 1,461,000 | 679,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax | 3,260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments held to maturity, at amortized cost | 8,900,000 | 9,292,000 | 9,590,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities available for sale, at fair value | 313,200,000 | 245,471,000 | 269,711,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
interest bearing deposits with financial institutions | 169,855,000 | 174,890,000 | 63,482,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
interest bearing time deposits with financial institutions | 3,944,000 | 3,944,000 | 1,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale, at lower of cost or market | 10,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest bearing checking | 1,043,361,000 | 1,064,457,000 | 711,771,000 | 680,937,000 | 635,695,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholder's equity | 440,630,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholder's equity | 3,598,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale at lower of cost or market | 7,281,000 | 8,565,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held-to-maturity, at amortized cost | 9,642,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax of 230 at december 31, 2015 and 362 at december 31, 2014 | 332,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
see notes to consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal funds sold | 526,000 | 525,000 | 275,000 | 276,000 | 276,000 | 26,000 | 26,000 | 23,412,000 | 1,123,000 | 25,505,000 | 24,500,000 | 20,000,000 | 18,500,000 | 2,100,000 | 13,000,000 | 22,000,000 | 850,000 | ||||||||||||||||||||||||||||||||||||||
investment securities available for sale | 291,147,000 | 280,434,000 | 282,202,000 | 235,116,000 | 202,142,000 | 282,846,000 | 313,047,000 | 60,194,000 | 37,998,000 | 35,508,000 | 35,641,000 | 35,967,000 | 36,183,000 | 36,170,000 | 36,455,000 | 36,587,000 | 41,500,000 | 37,090,000 | 43,309,000 | 44,907,000 | 28,465,000 | 79,827,000 | 90,531,000 | 65,627,000 | 36,017,000 | ||||||||||||||||||||||||||||||
fhlb and other stock, at cost | 22,490,000 | 22,843,000 | 18,643,000 | 18,494,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of (297) at june 30, 2015, 362 at december 31, 2014 and (16) at june 30, 2014 | -425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale | 3,176,000 | 3,617,000 | 1,103,000 | 1,223,000 | 264,000 | 415,000 | 456,000 | 344,000 | 452,000 | 510,000 | 532,000 | 615,000 | 645,000 | 706,000 | 939,000 | 1,816,000 | 1,562,000 | 2,359,000 | 2,737,000 | 4,346,000 | 8,353,000 | ||||||||||||||||||||||||||||||||||
noninterest bearing | 425,166,000 | 410,843,000 | 412,871,000 | 363,606,000 | 345,063,000 | 28,967,000 | 25,153,000 | 25,986,000 | 22,445,000 | 17,115,000 | 16,502,000 | 11,325,000 | 11,732,000 | 9,454,000 | 8,435,000 | 8,153,000 | 6,565,000 | ||||||||||||||||||||||||||||||||||||||
interest bearing | 1,118,300,000 | 1,034,738,000 | 1,022,332,000 | 920,528,000 | 277,155,000 | 186,719,000 | 192,869,000 | 203,533,000 | 268,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of 59 at september 30, 2014, (2,152) at december 31, 2013, and (1,843) at september 30, 2013 | 84,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax benefit of (16) at june 30, 2014, (2,152) at december 31, 2013, and (1,160) at june 30, 2013 | -22,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fhlb/frb/other stock, at cost | 14,104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of (757) at march 31, 2014, (2,152) at december 31, 2013, and 1,095 at march 31, 2013 | -1,084,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fhlb/federal reserve bank/tib stock, at cost | 10,827,000 | 11,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of (1,843) at september 30, 2013, 772 at december 31, 2012 and 949 at september 30, 2012 | -2,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest bearing: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction accounts | 631,951,000 | 63,913,000 | 91,169,000 | 68,085,000 | 69,088,000 | 64,154,000 | 65,389,000 | 62,128,000 | 66,403,000 | 64,460,000 | 64,945,000 | 64,404,000 | 58,881,000 | 49,960,000 | 45,669,000 | ||||||||||||||||||||||||||||||||||||||||
wholesale certificates of deposit | 5,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net of tax (benefit) of (1,160) at june 30, 2013, 772 at december 31, 2012, and 810 at june 30, 2012 | -1,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal reserve and federal home loan bank stock, at cost | 17,152,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, net of allowance of 3,863 | 587,945,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreclosed real estate | 113,000 | 264,000 | 363,000 | 158,000 | 369,000 | 247,000 | 264,000 | 351,000 | 282,000 | 531,000 | 701,000 | 1,281,000 | 1,369,000 | 1,298,000 | 1,739,000 | 2,772,000 | 2,841,000 | 4,519,000 | |||||||||||||||||||||||||||||||||||||
current income taxes | 245,000 | 386,000 | 262,000 | 212,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deposit accounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
wholesale/brokered certifcates of deposit | 33,379,000 | 35,624,000 | 45,344,000 | 45,537,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings | 308,069,000 | 312,000,000 | 317,300,000 | 305,000,000 | 318,145,000 | 272,500,000 | 274,426,000 | 238,100,000 | 196,400,000 | 151,900,000 | 99,900,000 | 68,400,000 | 19,650,000 | 20,800,000 | 10,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||
accumulated deficit | -7,686,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 470 | -671,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-earning assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
participation contract | 1,105,000 | 1,626,000 | 1,626,000 | 4,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 53,519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans receivable | 607,439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-earning assets | 662,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-earning assets | 31,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
certificate accounts | 231,420,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-bearing deposits | 322,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total interest-bearing liabilities | 632,173,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest-bearing liabilities | 7,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 694,576,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income | 17,125,000 | 17,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest rate spread | 2,390 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 2,580 | 2,880 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
ratio of interest-earning assets to interest-bearing liabilities | 104,830 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities held to maturity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal home loan bank stock, at cost | 15,117,000 | 8,389,000 | 1,640,000 | 1,621,000 | 1,966,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, net of allowance of 3,083 | 593,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 429 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fhlb stock, at cost | 14,927,000 | 14,288,000 | 13,348,000 | 11,230,000 | 10,697,000 | 6,745,000 | 4,328,000 | 3,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, net of allowance of 2,967 | 604,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 553 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, net of allowance of 2,992 | 601,351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 506 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 33,707,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 16,571,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest income after benefit from loans losses | 16,787,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains from mortgage banking | 590,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noninterest income | 3,540,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noninterest expense | 12,260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income tax benefit | 8,657,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 1,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 7,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 1,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
book value per share | 9,670 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
selected balance sheet data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities and fhlb stock | 49,795,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage servicing rights | 117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance ratios: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on average assets | 1,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
return on average equity | 15,170 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
average equity to average assets | 7,780 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity to total assets at end of period | 7,200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
average interest rate spread | 2,700 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
efficiency ratio | 57,720 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
average interest-earning assets to average interest-bearing liabilities | 106,410 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital ratios | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
tier 1 capital to adjusted total assets | 7,790 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
tier 1 capital to total risk-weighted assets | 11,210 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
total capital to total risk-weighted assets | 11,780 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset quality ratios: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonperforming loans, net, to total loans | 250 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonperforming assets, net as a percent of total assets | 240 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net charge-offs to average total loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses to total loans at period end | 500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
allowance for loan losses as a percent of nonperforming loans at period end | 180,790 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | 144,000 | 80,000 | 229,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
certificates of deposit | 242,134,000 | 219,136,000 | 212,682,000 | 204,621,000 | 195,543,000 | 179,186,000 | 144,664,000 | 145,885,000 | 144,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital; common stock and warrants | 67,567,000 | 67,553,000 | 67,564,000 | 67,564,000 | 67,546,000 | 67,546,000 | 43,328,000 | 43,328,000 | 43,328,000 | 43,328,000 | 43,328,000 | 43,328,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 171 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 308 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of tax of 324 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net of taxes of 217 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit accounts : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
participation contract, held to maturity | 5,462,000 | 5,379,000 | 5,356,000 | 5,255,000 | 5,884,000 | 5,341,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
notes payable, net of discount | 11,545,000 | 11,510,000 | 11,475,000 | 11,405,000 | 11,370,000 | 11,335,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
non-interest bearing | 6,605,000 | 6,611,000 | 6,681,000 | 7,660,000 | 8,442,000 | 8,458,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
fhlb advances | 20,000,000 | 20,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
securities held under repurchase agreements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment, net of allowance for loan losses of 4,143 in 2001 and 5,384 in 2000, respectively | 226,310,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current tax receivable |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2021-03-31 | 2020-03-31 | 2019-12-31 | 2019-03-31 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-09-30 | 2002-06-30 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
net income | 32,061,000 | 36,021,000 | 33,893,000 | 35,979,000 | 41,905,000 | 47,025,000 | -135,376,000 | 46,030,000 | 57,636,000 | 62,562,000 | 73,673,000 | 73,363,000 | 68,668,000 | 25,740,000 | 41,098,000 | 38,718,000 | 28,002,000 | 16,171,000 | 20,232,000 | 9,229,000 | 10,369,000 | 8,554,000 | 8,065,000 | 7,837,000 | 5,450,000 | 4,643,000 | 2,632,000 | 3,066,000 | 778,000 | 945,000 | 1,277,000 | 1,504,000 | 2,907,000 | 1,740,000 | -5,512,779 | 1,832,000 | 2,054,000 | 1,634,000 | 1,316,000 | 1,149,000 | 1,350,000 | 2,926,000 | 723,000 | 864,000 | -258,000 | |||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 2,371,000 | 2,974,000 | 2,702,000 | 2,947,000 | 3,012,000 | 3,085,000 | 3,228,000 | 3,506,000 | 3,559,000 | 3,552,000 | 3,588,000 | 3,684,000 | 4,009,000 | 2,580,000 | 2,808,000 | 2,259,000 | 1,657,000 | 1,510,000 | 1,329,000 | 759,000 | 678,000 | 670,000 | 583,000 | 605,000 | 548,000 | 539,000 | 549,000 | 519,000 | ||||||||||||||||||||
provision for credit losses | -2,078,000 | -3,718,000 | -814,000 | 486,000 | 1,265,000 | 3,852,000 | 25,454,000 | 1,526,000 | ||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 5,690,000 | 4,216,000 | 5,349,000 | 5,484,000 | 5,434,000 | 5,450,000 | 4,768,000 | 5,350,000 | 4,543,000 | 4,729,000 | 4,754,000 | 4,336,000 | 3,105,000 | 2,309,000 | 2,601,000 | 2,453,000 | 1,712,000 | 1,563,000 | 1,449,000 | 783,000 | 587,000 | 461,000 | 495,000 | 235,000 | 120,000 | 76,000 | 181,000 | 257,000 | ||||||||||||||||||||
loss on sales and disposals of premises and equipment | 0 | 51,000 | 6,000 | 1,000 | 5,000 | 96,000 | 31,000 | 4,000 | 16,000 | 7,000 | 10,000 | |||||||||||||||||||||||||||||||||||||
loss on sale or write down of other real estate owned | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
net (accretion) of discounts/premium on securities | -1,309,000 | -810,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net (accretion) of discounts/premiums for acquired loans and deferred loan fees/costs | -1,792,000 | -1,914,000 | -2,628,000 | -3,462,000 | -3,235,000 | -3,176,000 | -4,254,000 | -4,982,000 | -6,552,000 | -10,833,000 | ||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | 503,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(gain) on sales of loans | -23,000 | -90,000 | -93,000 | -47,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | -442,000 | 3,154,000 | 2,448,000 | 101,000 | 584,000 | 650,000 | 3,285,000 | -2,125,000 | -2,022,000 | 4,824,000 | 338,000 | -775,000 | 14,650,000 | -7,476,000 | 6,131,000 | 1,995,000 | 3,183,000 | 15,215,000 | 739,000 | |||||||||||||||||||||||||||||
income from bank owned life insurance | -3,590,000 | -5,024,000 | -3,644,000 | -3,614,000 | -3,516,000 | -3,461,000 | -2,987,000 | -2,903,000 | -2,828,000 | -2,722,000 | -2,709,000 | -2,708,000 | -1,675,000 | -1,129,000 | -660,000 | -713,000 | -478,000 | -493,000 | -500,000 | -292,000 | -289,000 | -290,000 | -292,000 | -212,000 | -197,000 | -205,000 | -189,000 | -188,000 | -150,000 | -132,000 | ||||||||||||||||||
amortization of intangible assets | 2,501,000 | 2,566,000 | 2,730,000 | 2,762,000 | 2,763,000 | 2,836,000 | 3,022,000 | 3,055,000 | 3,055,000 | 3,171,000 | 3,440,000 | 3,472,000 | 4,143,000 | |||||||||||||||||||||||||||||||||||
origination of loans held for sale, net of principal payments received | -1,395,000 | 5,000 | -787,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sales of loans held for sale | 705,000 | 2,522,000 | 1,756,000 | 975,000 | ||||||||||||||||||||||||||||||||||||||||||||
net change in accrued expenses and other liabilities | 5,840,000 | -30,570,000 | -3,378,000 | -9,932,000 | 7,738,000 | -24,240,000 | ||||||||||||||||||||||||||||||||||||||||||
net change in accrued interest receivable and other assets | 16,351,000 | 12,275,000 | 8,351,000 | 34,592,000 | 13,135,000 | 33,610,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 56,205,000 | 21,658,000 | 40,560,000 | 62,410,000 | 66,543,000 | 56,946,000 | -17,511,000 | 92,082,000 | 101,238,000 | 75,171,000 | 77,835,000 | 122,819,000 | 105,302,000 | 45,921,000 | 51,657,000 | 52,284,000 | 35,527,000 | 44,083,000 | -3,355,000 | 14,063,000 | 16,232,000 | 9,491,000 | 10,812,000 | 7,480,000 | 8,031,000 | 4,019,000 | -1,152,000 | 3,930,000 | 5,899,000 | 910,000 | -2,405,000 | -6,433,032 | 2,692,000 | 3,070,000 | 678,000 | -56,000 | 205,000 | 2,635,000 | 981,000 | 1,345,000 | 1,795,000 | 116,000 | 304,000 | 76,000 | 1,806,000 | |||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
free cash flows | 56,205,000 | 21,658,000 | 40,560,000 | 62,410,000 | 66,543,000 | 56,946,000 | -17,511,000 | 92,082,000 | 101,238,000 | 75,171,000 | 77,835,000 | 122,819,000 | 105,302,000 | 45,921,000 | 51,657,000 | 52,284,000 | 35,527,000 | 44,083,000 | -3,355,000 | 14,063,000 | 16,232,000 | 9,491,000 | 10,812,000 | 7,480,000 | 8,031,000 | 4,019,000 | -1,152,000 | 3,930,000 | 5,899,000 | 910,000 | -2,405,000 | -6,433,032 | 2,692,000 | 3,070,000 | 678,000 | -56,000 | 205,000 | 2,635,000 | 981,000 | 1,345,000 | 1,795,000 | 116,000 | 304,000 | 76,000 | 1,806,000 | |||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
net (increase) in interest-bearing time deposits with financial institutions | 0 | -7,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other real estate owned | 0 | 0 | 528,000 | 0 | 2,066,000 | 1,241,000 | ||||||||||||||||||||||||||||||||||||||||||
loan payments and (originations) | 174,214,000 | 260,199,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of loans classified as loans held for investment | 0 | 773,000 | 2,700,000 | 22,950,000 | 32,675,000 | |||||||||||||||||||||||||||||||||||||||||||
purchase of loans held for investment | -48,647,000 | -238,272,000 | 0 | 0 | -66,470,000 | -40,197,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from prepayments and maturities of securities held-to-maturity | 13,618,000 | 12,880,000 | 13,489,000 | 12,751,000 | 11,693,000 | 10,339,000 | 11,665,000 | 14,294,000 | 13,216,000 | 8,238,000 | 4,545,000 | 5,328,000 | 1,807,000 | |||||||||||||||||||||||||||||||||||
purchase of securities available-for-sale | -99,376,000 | -220,913,000 | -694,286,000 | -147,762,000 | -393,853,000 | -170,226,000 | -537,239,000 | 0 | 0 | -224,347,000 | 0 | -403,668,000 | -364,542,000 | -104,725,000 | -286,059,000 | -226,836,000 | -123,774,000 | -148,744,000 | -58,753,000 | |||||||||||||||||||||||||||||
proceeds from prepayments and maturities of securities available-for-sale | 279,735,000 | 156,269,000 | 334,924,000 | 142,467,000 | 261,215,000 | 164,079,000 | 54,752,000 | 73,637,000 | 77,780,000 | 47,016,000 | 78,351,000 | 63,655,000 | 162,568,000 | 18,737,000 | ||||||||||||||||||||||||||||||||||
proceeds from the sales of premises and equipment | 0 | 0 | 0 | 2,000 | 9,000 | 0 | 4,000 | 38,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from surrender of bank owned life insurance | 0 | 2,799,000 | 0 | 111,000 | 116,000 | 236,000 | 0 | |||||||||||||||||||||||||||||||||||||||||
purchase of premises and equipment | -1,272,000 | -1,210,000 | -623,000 | -361,000 | -1,205,000 | -1,471,000 | -1,670,000 | -2,463,000 | -916,000 | |||||||||||||||||||||||||||||||||||||||
net change in fhlb, frb, and other stock | 27,000 | -153,000 | -156,000 | -150,000 | -17,000 | 2,034,000 | ||||||||||||||||||||||||||||||||||||||||||
funding of community reinvestment act (“cra”) investments | -537,000 | -1,004,000 | -2,680,000 | -2,684,000 | -1,248,000 | -1,898,000 | -1,913,000 | -6,457,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | 317,762,000 | -28,639,000 | -364,502,000 | 457,847,000 | 396,589,000 | 274,294,000 | 796,085,000 | 408,763,000 | 636,946,000 | 630,104,000 | 309,476,000 | 13,260,000 | 104,116,000 | -22,315,000 | -89,719,000 | -61,591,000 | -159,849,000 | -88,627,000 | -161,795,000 | -239,273,000 | -44,621,000 | 101,839,000 | -95,714,000 | -53,790,000 | -121,655,000 | -175,845,000 | 46,227,000 | -54,818,000 | 232,748,000 | 16,142,000 | 8,535,000 | |||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
net change in deposit accounts | -168,859,000 | 202,530,000 | -17,225,000 | -146,727,000 | -560,174,000 | 192,202,000 | ||||||||||||||||||||||||||||||||||||||||||
repayments of long-term borrowings | -199,797,000 | 0 | -394,933,000 | |||||||||||||||||||||||||||||||||||||||||||||
repayments of subordinated debentures | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -32,029,000 | -31,821,000 | -31,828,000 | -31,822,000 | -31,823,000 | -31,635,000 | -31,649,000 | -31,647,000 | -31,612,000 | -31,357,000 | -31,354,000 | -31,337,000 | -28,287,000 | -14,882,000 | -13,060,000 | -13,749,000 | ||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 46,000 | 119,000 | 602,000 | 25,000 | 162,000 | 720,000 | 0 | 235,000 | 11,000 | 114,000 | 94,000 | 620,000 | 903,000 | 2,285,000 | 21,000 | 0 | 13,000 | 100,000 | 17,000 | 0 | 0 | 0 | 57,000 | -2,972 | 0 | ||||||||||||||||||||||
restricted stock surrendered and canceled | -136,000 | -4,910,000 | -43,000 | -81,000 | -161,000 | -4,691,000 | -420,000 | -171,000 | -91,000 | -5,691,000 | -60,000 | -184,000 | -5,279,000 | -1,008,000 | -656,000 | -1,047,000 | ||||||||||||||||||||||||||||||||
net cash from financing activities | -351,024,000 | 165,845,000 | -48,977,000 | -437,825,000 | -592,133,000 | -238,895,000 | -1,242,377,000 | -564,246,000 | -699,403,000 | -381,628,000 | -25,273,000 | -369,666,000 | 464,484,000 | 183,576,000 | -62,803,000 | -15,717,000 | 53,254,000 | 123,246,000 | 57,231,000 | 143,815,000 | 20,174,000 | 3,767,000 | 65,994,000 | 96,963,000 | 167,699,000 | -47,469,000 | 8,335,000 | -210,801,000 | -278,000 | -111,703,488 | 24,960,000 | 43,671,000 | 43,223,000 | 54,852,000 | 61,630,000 | 48,680,000 | 60,406,000 | 6,510,000 | -11,445,000 | 11,814,000 | ||||||||
net change in cash and cash equivalents | 22,943,000 | 158,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 609,330,000 | 0 | 0 | 936,473,000 | 0 | 0 | 1,101,249,000 | 0 | 880,766,000 | 326,850,000 | 203,406,000 | 200,064,000 | 0 | 0 | 0 | 0 | 126,813,000 | 0 | 42,312,000 | 17,040,000 | 0 | 0 | 34,055,000 | 0 | 0 | 16,003,000 | 0 | 0 | 0 | 2,440,000 | 0 | 0 | 3,590,000 | 0 | 0 | 7,706,000 | |||||||||||
cash and cash equivalents, end of period | 22,943,000 | 768,194,000 | 82,432,000 | -129,001,000 | 1,028,818,000 | -63,401,000 | 38,781,000 | 1,424,896,000 | -233,587,000 | 1,554,668,000 | 534,032,000 | 178,382,000 | 128,996,000 | -107,919,000 | 19,684,000 | -16,661,000 | -4,127,000 | 124,419,000 | -42,553,000 | 70,158,000 | 33,814,000 | 4,869,000 | 23,197,000 | 5,314,000 | 4,634,000 | 15,013,000 | 6,642,000 | -10,321,000 | 12,267,000 | -10,122,000 | 24,179,000 | -3,125,000 | -2,392,000 | 7,766,000 | -379,000 | -724,000 | 8,757,000 | |||||||||||
supplemental cash flow disclosures: | ||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 63,066,000 | 66,589,000 | 72,736,000 | 78,680,000 | 68,205,000 | 73,075,000 | 81,545,000 | 71,934,000 | 61,321,000 | 44,138,000 | 30,511,000 | 11,998,000 | 10,890,000 | 13,618,000 | 20,795,000 | 18,519,000 | 9,974,000 | 9,081,000 | 3,868,000 | 4,370,000 | 2,404,000 | 4,182,000 | 2,204,000 | 3,898,000 | 1,691,000 | 7,721,000 | 7,394,000 | 6,446,000 | 6,410,000 | 6,668,000 | -11,217,217 | 4,449,000 | 3,643,000 | 3,141,000 | 2,428,000 | 2,059,000 | 1,695,000 | 1,465,000 | 1,857,000 | 1,739,000 | 1,943,000 | 1,864,000 | 1,762,000 | 1,902,000 | ||||
income taxes (refunded) paid | 3,906,000 | -12,665,000 | 186,000 | -3,656,000 | ||||||||||||||||||||||||||||||||||||||||||||
noncash investing activities during the period: | ||||||||||||||||||||||||||||||||||||||||||||||||
transfers from loans held for investment to loans held for sale | 0 | 735,000 | 5,801,000 | 2,701,000 | 23,299,000 | 32,675,000 | 32,448,000 | |||||||||||||||||||||||||||||||||||||||||
recognition of operating lease right-of-use assets | -9,000 | -178,000 | -10,000 | -17,742,000 | -2,643,000 | -1,714,000 | -3,101,000 | -2,455,000 | -467,000 | -1,337,000 | -452,000 | 0 | -10,706,000 | -3,159,000 | ||||||||||||||||||||||||||||||||||
recognition of operating lease liabilities | -180,000 | 355,000 | 59,000 | 19,473,000 | 2,430,000 | 1,701,000 | 3,101,000 | 2,387,000 | 612,000 | 1,337,000 | 452,000 | 0 | 10,706,000 | 3,159,000 | ||||||||||||||||||||||||||||||||||
receivable on unsettled security maturity | ||||||||||||||||||||||||||||||||||||||||||||||||
due on unsettled security purchases | -11,286,000 | -25,657,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(gain) on debt extinguishment | 0 | -203,000 | 0 | -5,067,000 | ||||||||||||||||||||||||||||||||||||||||||||
income taxes paid (refunded) | 40,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on sale and disposal of premises and equipment | 64,000 | 0 | 0 | 23,000 | 0 | 1,000 | 7,000 | |||||||||||||||||||||||||||||||||||||||||
loss on sale of or write down of other real estate owned | 12,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net amortization of discounts/premium on securities | -2,568,000 | -2,877,000 | -2,780,000 | -3,623,000 | ||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||
originations of loans held for sale, net of principal payments received | ||||||||||||||||||||||||||||||||||||||||||||||||
net change in interest-bearing time deposits with financial institutions | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of loans previously classified as loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of securities held-to-maturity | -10,317,000 | -1,910,000 | -13,357,000 | 0 | -8,000,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of securities available-for-sale | 1,264,284,000 | 0 | 0 | 304,320,000 | 0 | 230,684,000 | ||||||||||||||||||||||||||||||||||||||||||
purchases of premises and equipment | -1,465,000 | -5,242,000 | -2,680,000 | -1,805,000 | -1,647,000 | -1,744,000 | -2,147,000 | -4,754,000 | -3,568,000 | -2,177,000 | -790,000 | -255,000 | -606,000 | -240,000 | -277,000 | -1,955,000 | ||||||||||||||||||||||||||||||||
net change in short-term borrowings | 0 | 0 | 0 | -200,000,000 | 0 | 0 | 9,000,000 | -62,000,000 | -53,075,000 | -42,279,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from long-term borrowings | 400,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term borrowings | -10,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 0 | 78,417,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | -8,215,000 | 193,514,000 | ||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale transfer to loans held for investment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
other real estate owned transferred from loans held for investment | 254,000 | 180,000 | ||||||||||||||||||||||||||||||||||||||||||||||
transfers of investment securities from available-for-sale to held-to-maturity | 0 | 0 | 0 | 360,347,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
transfer of cra investment securities from fhlb, frb, and other stock to other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investment securities from fhlb, frb, and other to held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on sale of investment securities available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in interest-bearing time deposits with financial institutions | -250,000 | 247,000 | 245,000 | -1,000 | 137,000 | 247,000 | ||||||||||||||||||||||||||||||||||||||||||
loan (originations) and payments | 466,021,000 | 495,886,000 | 238,258,000 | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 82,432,000 | -129,001,000 | 92,345,000 | -63,401,000 | 38,781,000 | 323,647,000 | -233,587,000 | 673,902,000 | 207,182,000 | 78,702,000 | -107,919,000 | -81,395,000 | -8,215,000 | 115,097,000 | -16,661,000 | -4,127,000 | -2,394,000 | -42,553,000 | 27,846,000 | 16,774,000 | -10,267,948 | 4,634,000 | -10,321,000 | 12,267,000 | -10,122,000 | 21,739,000 | -2,392,000 | 4,176,000 | -724,000 | 1,051,000 | ||||||||||||||||||
transfers of cra investment securities from fhlb, frb, and other stock to other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
receivable on unsettled security payments | ||||||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 1,696,000 | 3,918,000 | 1,499,000 | 3,016,000 | 2,838,000 | 1,077,000 | 1,974,000 | 2,297,000 | ||||||||||||||||||||||||||||||||||||||||
(gain) on sale of or write down of other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||
net amortization on securities | 1,583,000 | 3,955,000 | 3,808,000 | 3,481,000 | 4,491,000 | 4,253,000 | 5,983,000 | 1,238,000 | 1,154,000 | 1,453,000 | ||||||||||||||||||||||||||||||||||||||
gain on sale of investment securities available-for-sale | -3,671,000 | -427,000 | -6,000 | 252,000 | -896,000 | |||||||||||||||||||||||||||||||||||||||||||
(gain) loss on debt extinguishment | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of loans | -151,000 | -457,000 | -361,000 | -771,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of bank owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
redemption of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of common stock | -6,897,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 51,525,000 | 539,000 | 1,871,000 | -800,000 | 27,362,000 | 16,499,000 | 77,000 | 84,000 | 18,624,000 | 53,000 | 95,000 | 17,441,000 | -453,000 | 181,000 | 12,822,000 | 136,000 | 165,000 | 4,512,000 | 4,150,000 | 731,000 | 0 | 1,245,000 | 100,000 | -2,046,651 | 1,028,000 | 711,000 | 310,000 | 788,000 | 249,000 | -2,395,000 | ||||||||||||||||||
net gain on sales of other real estate owned | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
net accretion of discounts/premiums for acquired loans and deferred loan fees/costs | -3,204,000 | -5,604,000 | -7,396,000 | |||||||||||||||||||||||||||||||||||||||||||||
net gain on sales of investment securities available-for-sale | 0 | 0 | -138,000 | |||||||||||||||||||||||||||||||||||||||||||||
net gain on sales of loans | -45,000 | -345,000 | -29,000 | |||||||||||||||||||||||||||||||||||||||||||||
origination of loans held for sale | -604,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sales of and principal payments from loans held for sale | 1,252,000 | 0 | 833,000 | 3,822,000 | 25,158,000 | 970,000 | 13,961,000 | 23,269,000 | 27,623,000 | 38,814,000 | 39,074,000 | 35,430,000 | 35,830,000 | 24,871,000 | 22,616,000 | -22,000 | 0 | 26,000 | 37,000 | 629,000 | -121,000 | 291,000 | 249,000 | |||||||||||||||||||||||||
change in accrued expenses and other liabilities | 56,450,000 | 37,271,000 | -15,519,000 | 437,000 | 20,202,000 | -34,203,000 | -5,058,000 | -1,410,000 | -11,956,000 | -11,305,000 | -4,927,000 | 5,450,000 | 3,088,000 | 3,799,000 | -5,499,000 | 6,577,000 | 2,049,000 | 2,905,000 | 3,321,000 | -3,916,000 | -449,000 | |||||||||||||||||||||||||||
change in accrued interest receivable and other assets | -22,649,000 | -748,000 | 12,427,000 | -8,187,000 | 21,264,000 | 60,176,000 | 8,953,000 | -2,512,000 | 12,621,000 | 1,089,000 | -15,393,000 | -399,000 | -2,632,000 | 979,000 | 4,925,000 | -442,000 | -1,746,000 | -316,000 | -2,382,000 | -372,000 | 759,000 | |||||||||||||||||||||||||||
loan originations and payments | 341,727,000 | 482,987,000 | 506,197,000 | 233,497,000 | 127,240,000 | 128,540,000 | 11,902,000 | 68,637,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from loans held for sale previously classified as loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
change in fhlb, frb, and other stock | -127,000 | 36,000 | 1,875,000 | |||||||||||||||||||||||||||||||||||||||||||||
net increase in deposit accounts | -532,428,000 | -667,935,000 | -144,591,000 | -393,973,000 | -338,239,000 | 525,830,000 | 194,563,000 | 39,221,000 | 56,823,000 | 106,405,000 | -15,236,000 | 71,722,000 | 128,751,000 | 24,737,000 | 74,549,000 | 55,916,000 | 43,224,000 | 97,885,000 | 10,378,000 | 128,917,000 | -30,055,000 | -140,017,000 | 8,713,000 | -35,711,951 | 26,872,000 | 7,356,000 | 1,523,000 | 10,352,000 | 9,612,000 | 17,180,000 | 30,296,000 | 7,660,000 | ||||||||||||||||
transfers from loans held for sale to loans held for investment | 940,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from loans held for sale previously classified as portfolio loans | 78,694,000 | 5,778,000 | 449,000 | 25,038,000 | 9,734,000 | |||||||||||||||||||||||||||||||||||||||||||
transfers from portfolio loans to loans held for sale | 79,286,000 | 5,707,000 | 26,176,000 | |||||||||||||||||||||||||||||||||||||||||||||
transfers of cra investment securities from other stock to other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
originations of loans held for sale | -766,000 | -3,552,000 | -23,907,000 | -7,768,000 | -10,491,000 | -14,711,000 | -31,762,000 | -29,229,000 | -12,064,000 | -68,592,000 | -32,107,000 | -25,564,000 | -18,899,000 | |||||||||||||||||||||||||||||||||||
funding of cra investments | -9,751,000 | -1,951,000 | -9,468,000 | -3,873,000 | -2,705,000 | -7,774,000 | ||||||||||||||||||||||||||||||||||||||||||
transfers from loans held for sale to portfolio loans | 1,287,000 | |||||||||||||||||||||||||||||||||||||||||||||||
transfers from loans to other real estate owned | 6,886,000 | 315,000 | 34,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
transfer of cra investment securities from other stock to other assets | 12,601,000 | |||||||||||||||||||||||||||||||||||||||||||||||
receivable on unsettled security sales | 57,385,000 | 1,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to net income: | ||||||||||||||||||||||||||||||||||||||||||||||||
change in cash acquired in acquisitions | -456,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of subordinated debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
transfer of investment securities from other stock to held-to-maturity | ||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired and liabilities assumed in acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||
fair value of stock and equity award consideration | ||||||||||||||||||||||||||||||||||||||||||||||||
cash consideration | ||||||||||||||||||||||||||||||||||||||||||||||||
fair value of assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities assumed | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of investment securities available-for-sale | 393,000 | -4,046,000 | -7,760,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in fhlb, frb, and other stock, at cost | -78,000 | -202,000 | -75,000 | 488,000 | -16,234,000 | -1,537,000 | -1,732,000 | -2,982,000 | ||||||||||||||||||||||||||||||||||||||||
redemption of junior subordinated debt securities | -3,093,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and disposal of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of or write down of other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||
income from bank-owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from surrender of bank-owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of bank-owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term fhlb borrowings | -21,503,000 | -5,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
assets acquired and liabilities assumed in acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of securities available-for-sale | 179,386,000 | 97,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance settlements | 1,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of core deposit intangible | 3,965,000 | 4,247,000 | 4,436,000 | 2,274,000 | 2,111,000 | 1,761,000 | 524,000 | 645,000 | 344,000 | 347,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from prepayments and maturities of held-to-maturity securities | 3,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from bank owned insurance death benefit | ||||||||||||||||||||||||||||||||||||||||||||||||
change in fhlb, frb and other stock, at cost | -8,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale and disposal of premises and equipment | 110,000 | -35,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans | -1,698,000 | -1,729,000 | -2,958,000 | -3,331,000 | -3,439,000 | -3,122,000 | -2,124,000 | -1,906,000 | ||||||||||||||||||||||||||||||||||||||||
net increase in interest-bearing time deposits with financial institutions | 744,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other real estate owned | 0 | 0 | 0 | 354,000 | 423,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
purchase of held-to-maturity securities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale or maturity of securities available-for-sale | 133,313,000 | 168,837,000 | -184,000 | 31,239,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of premises and equipment | 3,612,000 | 2,650,000 | 5,000,000 | 3,276,000 | 3,693,000 | 3,294,000 | ||||||||||||||||||||||||||||||||||||||||||
cash acquired in acquisitions | 149,414,000 | -613,000 | 1,000 | 147,000 | 40,156,000 | -1,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from fhlb borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of fhlb borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired | ||||||||||||||||||||||||||||||||||||||||||||||||
investment securities | 0 | 0 | 0 | 0 | 190,254,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
loans | 1,062,940,000 | -39,000 | 0 | 0 | 456,158,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
core deposit intangible | 11,580,000 | 0 | 0 | 0 | 4,319,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
deferred income tax | 4,973,000 | -1,637,000 | 0 | 0 | 7,069,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
goodwill | 121,883,000 | 1,112,000 | 0 | -146,000 | 51,252,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
fixed assets | 7,195,000 | 0 | 0 | 146,000 | 4,356,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
other assets | 28,904,000 | 0 | 0 | 0 | 5,610,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
deposits | -1,082,951,000 | 0 | 0 | 0 | -636,591,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
other borrowings | -41,152,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
other liabilities | -8,334,000 | 0 | 0 | 0 | -8,843,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
common stock and additional paid-in capital | -250,939,000 | -500,000 | 0 | 0 | -119,383,000 | -1,323,000 | ||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of or write down of other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on held-to-maturity securities | 1,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||
principal payments on securities available-for-sale | 28,404,000 | 21,846,000 | 20,584,000 | 21,004,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from bank owned life insurance death benefit | 220,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
fhlb and other stock | 0 | 0 | 0 | 3,671,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
net accretion of deferred loan fees/costs and discounts/premiums for loans acquired | 5,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase in loans | -35,106,000 | -44,508,000 | -114,639,000 | -150,300,000 | -165,691,000 | -66,147,000 | -138,358,000 | -40,850,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and warrants | 331,000 | 1,084,000 | 267,000 | 714,000 | 60,000 | 141,000 | 387,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -25,024,000 | -71,068,000 | 19,684,000 | |||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease right-of-use assets | -45,675,000 | |||||||||||||||||||||||||||||||||||||||||||||||
initial recognition of operating lease liabilities | 45,675,000 | |||||||||||||||||||||||||||||||||||||||||||||||
benefit from loan losses | 2,253,000 | 2,185,000 | 2,049,000 | 4,013,000 | 1,589,000 | 1,120,000 | 1,700,000 | 1,062,000 | 1,284,000 | 1,030,000 | 949,000 | 646,000 | 319,000 | 299,000 | 427,000 | 0 | -291,651 | 57,000 | 90,000 | 145,000 | 245,000 | 196,000 | 201,000 | 63,000 | -1,000 | 42,000 | 639,000 | 788,000 | -143,000 | 334,000 | ||||||||||||||||||
net amortization on securities available-for-sale | 1,830,000 | 1,908,000 | 1,948,000 | |||||||||||||||||||||||||||||||||||||||||||||
net accretion of discounts/premiums for loans acquired and deferred loan fees/costs | -1,323,000 | 254,000 | -349,000 | -2,119,000 | -4,129,000 | -2,584,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of real estate owned | 108,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | -1,538,000 | 1,000 | -182,000 | 0 | -23,000 | 0 | -2,473,000 | -284,000 | -19,000 | 547,000 | -569,000 | |||||||||||||||||||||||||||||||||||||
other-than-temporary impairment recovery on investment securities | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||
change in other real estate owned from sales | ||||||||||||||||||||||||||||||||||||||||||||||||
investment in bank owned life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
net change in federal funds purchased | ||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing activities during the period | ||||||||||||||||||||||||||||||||||||||||||||||||
interest-bearing deposits with financial institutions | ||||||||||||||||||||||||||||||||||||||||||||||||
bank owned life insurance | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
change in other real estate owned from sales and write-downs | ||||||||||||||||||||||||||||||||||||||||||||||||
change in fhlb advances and other borrowings | -15,023,000 | 15,004,000 | -4,704,000 | -71,169,000 | 4,642,000 | |||||||||||||||||||||||||||||||||||||||||||
security purchases settled in subsequent period | ||||||||||||||||||||||||||||||||||||||||||||||||
security (purchases) sales settled in subsequent period | ||||||||||||||||||||||||||||||||||||||||||||||||
net amortization on securities held for sale | 980,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment securities available for sale | -512,000 | -532,000 | -753,000 | 3,000 | -38,000 | -363,000 | -98,000 | -62,000 | -305,000 | 0 | 29,000 | 0 | 13,000 | 6,000 | 9,000 | |||||||||||||||||||||||||||||||||
deferred income tax benefit | -779,000 | -652,000 | -325,000 | -700,000 | ||||||||||||||||||||||||||||||||||||||||||||
principal payments on securities available for sale | 9,200,000 | 8,558,000 | 9,676,000 | 8,234,000 | 9,610,000 | 8,105,000 | 7,218,000 | 6,212,000 | 10,928,000 | 14,905,000 | 1,695,000 | |||||||||||||||||||||||||||||||||||||
purchase of securities available for sale | -96,875,000 | -95,000 | -29,900,000 | -63,362,000 | -61,298,000 | -4,976,000 | -92,591,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale or maturity of securities available for sale | 18,552,000 | 18,494,000 | 192,809,000 | 1,122,000 | 10,450,000 | 13,960,000 | 21,866,000 | 56,081,000 | 109,559,000 | |||||||||||||||||||||||||||||||||||||||
warrants exercised | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||
change in other real estate owned from sales and writedowns | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance cost | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium/(discounts) on securities held for sale | 1,057,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans | -49,846,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(purchase) redemption of federal reserve bank stock | -465,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of federal home loan bank of san francisco stock | -3,096,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosures | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of premium/discounts on securities held for sale | 1,018,000 | 1,041,000 | 738,000 | 583,000 | 637,000 | 953,000 | ||||||||||||||||||||||||||||||||||||||||||
accretion of discounts/premiums for loans acquired and deferred loan fees/costs | ||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment loss (recovery) on investment securities | -5,000 | |||||||||||||||||||||||||||||||||||||||||||||||
recoveries on loans | 17,000 | 31,000 | 32,000 | 18,000 | 37,000 | 115,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred income tax provision | 75,000 | -1,616,000 | -703,000 | -385,000 | ||||||||||||||||||||||||||||||||||||||||||||
purchase of held to maturity securities | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of federal reserve bank stock | 198,000 | 353,000 | -1,014,000 | -500,000 | -6,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
redemption (purchase) of fhlb stock | 865,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash acquired (disbursed) in acquisitions | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used in) financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
frb / fhlb / tib stock | ||||||||||||||||||||||||||||||||||||||||||||||||
other real estate owned | ||||||||||||||||||||||||||||||||||||||||||||||||
see notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan fees and discounts | -71,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of other real estate owned | 0 | 0 | 6,000 | 11,000 | ||||||||||||||||||||||||||||||||||||||||||||
write down of other real estate owned | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of loan mark-to-market discount from acquisitions | -1,057,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans held for investment | -2,544,000 | -1,775,000 | -1,298,000 | -548,000 | -982,000 | 89,000 | -1,034,000 | |||||||||||||||||||||||||||||||||||||||||
principal payments from loans held for sale | 0 | 0 | 31,000 | 441,000 | ||||||||||||||||||||||||||||||||||||||||||||
income from fair market value adjustment to loans held for sale | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of fhlb stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
investment securities available for sale purchased and not settled | ||||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale transfered to loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on loans held for sale | 180,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and principal payments on loans held for investment | 82,515,000 | 59,792,000 | 87,580,000 | 44,899,000 | -24,842,000 | 111,562,000 | 95,461,000 | 113,013,000 | 78,620,000 | 57,921,000 | -86,119,746 | 47,728,000 | 20,189,000 | 18,347,000 | 17,802,000 | 22,961,000 | 18,547,000 | 16,141,000 | 20,733,000 | 29,169,000 | 10,910,000 | 14,585,000 | 51,108,000 | 24,896,000 | ||||||||||||||||||||||||
decrease in undisbursed loan funds | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase and origination of loans held for investment | -180,641,000 | -206,409,000 | -108,020,000 | -226,820,000 | ||||||||||||||||||||||||||||||||||||||||||||
repayment of fhlb advances and other borrowings | -59,726,000 | 159,781,000 | -176,202,000 | 38,392,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from fhlb advances | -93,371,165 | 22,574,000 | 21,326,000 | 49,600,000 | 0 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan mark-to-market discount from acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||
net change in undisbursed loan funds | 18,523,000 | 7,262,000 | 17,651,000 | 100,073,000 | ||||||||||||||||||||||||||||||||||||||||||||
investment in bank own life insurance | 0 | 0 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
pacific premier bancorp, inc. and subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||
fhlb and tib stock | ||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
amortization of loan mark-to-market discount from fdic transaction | -588,000 | -579,000 | -503,000 | |||||||||||||||||||||||||||||||||||||||||||||
(recoveries) other-than-temporary impairment loss on investment securities | -13,000 | |||||||||||||||||||||||||||||||||||||||||||||||
redemption of fhlb stock | 1,352,000 | 1,090,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||
cash (disbursed) acquired in acquisitions | -7,793,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other real estate owned | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment loss on investment securities | -16,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase and origination of loans held for sale | -309,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gain on fdic transaction | ||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in palm desert national acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in pdnb transaction | ||||||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 180,000 | 237,000 | 105,000 | 97,000 | 93,000 | -255,656 | 84,000 | 79,000 | 93,000 | 96,000 | 106,000 | 117,000 | 127,000 | 127,000 | 128,000 | 130,000 | ||||||||||||||||||||||||||||||||
share-based compensation | 62,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on sale, provision, and write-down of foreclosed real estate | 45,000 | -43,000 | 53,000 | -26,000 | 73,000 | 28,000 | 32,000 | 13,000 | 38,000 | 6,000 | 108,000 | 167,000 | 146,000 | |||||||||||||||||||||||||||||||||||
net unrealized (gain) loss and amortization on investment securities | -53,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sales of, and principal payments from, loans held for sale | 1,000 | -15,000 | 135,000 | 41,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in current and deferred income tax receivable | 350,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses and other liabilities | 407,000 | -4,719,000 | -2,568,426 | 1,676,000 | -1,123,000 | 1,461,000 | -888,000 | -770,000 | 2,120,000 | |||||||||||||||||||||||||||||||||||||||
federal home loan bank stock dividend | -224,000 | |||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in other assets | 408,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase, origination and advances of loans held for investment | -94,657,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of foreclosed real estate | 26,000 | 245,000 | 84,000 | 126,000 | 70,000 | -149,741 | 6,000 | 35,000 | 109,000 | 9,000 | 395,000 | 393,000 | 328,000 | 551,000 | 623,000 | 1,243,000 | 2,360,000 | 1,199,000 | 2,311,000 | |||||||||||||||||||||||||||||
proceeds from sale of equipment | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||||
increase in premises and equipment | -919,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of fhlb and frb stock | -1,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayment of) fhlb advances | 7,000,000 | 11,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of other borrowings | -15,422,000 | |||||||||||||||||||||||||||||||||||||||||||||||
noncash operating activities during the period: | ||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock vested | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||
transfers from loans to foreclosed real estate | 45,000 | 76,000 | 38,000 | 305,000 | 90,000 | -286,763 | 187,000 | 46,000 | 54,000 | 165,000 | 74,000 | 236,000 | 88,000 | 469,000 | 802,000 | 281,000 | 1,175,000 | 1,236,000 | 1,126,000 | |||||||||||||||||||||||||||||
loss on sale and disposal on premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized loss and accretion on investment securities, residual mortgage-backed securities, and related mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment securities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
net accretion on participation contract | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and termination of participation contract | ||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued interest receivable and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and termination of residual assets of participation contract | 1,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||
proceeds from participation contract | 0 | 310,000 | 654,000 | 539,000 | 763,000 | 803,000 | 243,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale and disposal of premises and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
(payment) proceeds from other borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
issuance of subordinated debentures | 0 | 0 | 10,310,000 | |||||||||||||||||||||||||||||||||||||||||||||
loan transfers—loans held for sale from held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
loan transfers—loans held for investment from held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized loss and amortization on investment securities | -107,000 | 66,000 | 98,000 | 101,000 | 9,000 | 131,000 | -112,000 | 294,000 | 83,000 | |||||||||||||||||||||||||||||||||||||||
increase in other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
(repayment of) proceeds from fhlb advances | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (repayment of) other borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of restricted stock | 0 | 0 | 363,000 | |||||||||||||||||||||||||||||||||||||||||||||
transfer loans from held for investment | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
transfer loans from held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued expenses and other liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other borrowings | 10,000,000 | 0 | 0 | 8,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
accretion of discount on notes payable | 35,000 | 35,000 | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||
principal payments on securities | 0 | 0 | 0 | 840,000 | 1,226,000 | 1,488,000 | 2,176,000 | 2,854,000 | 3,170,000 | 1,653,000 | ||||||||||||||||||||||||||||||||||||||
purchase of securities | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale or maturity of securities | 0 | 5,233,000 | 203,000 | 2,000,000 | 0 | 0 | 32,284,000 | 67,531,000 | 45,855,000 | 17,506,000 | ||||||||||||||||||||||||||||||||||||||
issuance of (payoff) of subordinated debentures | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||
payoff of from senior secured note | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale, provision, and write-down of foreclosed real estate | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and termination of residual assets of participation contract | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
(repayment of)/proceeds from other borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in premises and equipment | 19,000 | |||||||||||||||||||||||||||||||||||||||||||||||
(repayment of) proceeds from other borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized (gain) loss and accretion on investment securities, residual mortgage-backed securities, and related mortgage servicing rights | ||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of mortgage servicing rights | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
(purchase) redemption of fhlb stock | ||||||||||||||||||||||||||||||||||||||||||||||||
(payoff of) proceeds from senior secured note | ||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale, provision, and write-down of foreclosed real estate | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of participation contract | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of participation contract | 0 | 6,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to net income | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale and securitization of loans held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior secured note | 0 | 0 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized gain and accretion on investment securities | 96,000 | 126,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sale of investment securities available for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in deposit accounts | 5,525,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net gain | 2,414,000 | 253,000 | 388,000 | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to net gain | ||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 198,000 | 235,000 | 246,000 | |||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized gain and accretion on investment securities and participation contract | ||||||||||||||||||||||||||||||||||||||||||||||||
write-down of loans transferred to held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in securities held under repurchase agreements | ||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on loans | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | ||||||||||||||||||||||||||||||||||||||||||||||||
accompanying notes are and integral part of these consolidated financial statements. |