Veritex Holdings, Inc(NASDAQ:VBTX) 
Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts...
Website: http://www.veritexbank.com
Full Time Employees: 676
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2021-06-30 | 2021-03-31 | 2018-09-30 | 2018-07-27 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
interest and dividend income | ||||||||||||||||||
interest and fees on loans | 149,354,000 | 35,074,000 | 32,291,000 | 32,067,000 | 28,182,000 | 20,706,000 | 13,024,000 | 11,883,000 | 11,685,000 | 11,589,000 | 11,052,000 | 10,355,000 | 9,648,000 | 9,230,000 | 7,454,000 | 7,348,000 | ||
debt securities | 16,883,000 | |||||||||||||||||
deposits in financial institutions and federal funds sold | 8,039,000 | |||||||||||||||||
equity securities and other investments | 847,000 | |||||||||||||||||
total interest and dividend income | 175,123,000 | |||||||||||||||||
interest expense | ||||||||||||||||||
transaction and savings deposits | 48,080,000 | |||||||||||||||||
certificates and other time deposits | 28,539,000 | |||||||||||||||||
advances from fhlb | 113,000 | |||||||||||||||||
subordinated debentures and subordinated notes | 2,056,000 | |||||||||||||||||
total interest expense | 78,788,000 | 8,642,000 | 6,931,000 | 4,985,000 | 4,147,000 | 3,150,000 | 1,931,000 | 1,816,000 | 1,761,000 | 1,537,000 | 1,249,000 | 1,093,000 | 994,000 | 921,000 | 789,000 | 757,000 | ||
net interest income | 96,335,000 | 29,176,000 | 27,624,000 | 29,102,000 | 25,750,000 | 19,129,000 | 12,376,000 | 11,253,000 | 10,520,000 | 10,517,000 | 10,228,000 | 9,690,000 | 9,012,000 | 8,617,000 | 6,972,000 | 6,857,000 | ||
provision for credit losses on loans | 1,750,000 | |||||||||||||||||
provision for credit losses on unfunded commitments | 1,500,000 | |||||||||||||||||
net interest income after provision for credit losses | 93,085,000 | |||||||||||||||||
noninterest income | ||||||||||||||||||
service charges and fees on deposit accounts | 5,702,000 | 809,000 | 846,000 | 933,000 | 769,000 | 669,000 | 555,000 | 509,000 | 537,000 | 433,000 | 443,000 | 434,000 | 419,000 | 380,000 | ||||
loan fees | 2,735,000 | |||||||||||||||||
loss on sales of debt securities | ||||||||||||||||||
government guaranteed loan income | 1,688,000 | |||||||||||||||||
customer swap income | 1,550,000 | |||||||||||||||||
other | 1,824,000 | 857,000 | 1,134,000 | 1,070,000 | 438,000 | 210,000 | 218,000 | 92,000 | 123,000 | 231,000 | 158,000 | 69,000 | 163,000 | 56,000 | 163,000 | 96,000 | ||
total noninterest income | 13,499,000 | 2,510,000 | 2,592,000 | 2,781,000 | 2,298,000 | 1,977,000 | 1,766,000 | 1,535,000 | 1,824,000 | 1,893,000 | 1,412,000 | 1,373,000 | 1,207,000 | 1,043,000 | 688,000 | 766,000 | ||
noninterest expense | ||||||||||||||||||
salaries and employee benefits | 34,957,000 | 7,394,000 | 7,902,000 | 7,930,000 | 7,357,000 | 5,921,000 | 3,642,000 | 3,908,000 | 3,649,000 | 3,920,000 | 3,589,000 | 3,174,000 | 3,018,000 | 3,001,000 | 2,588,000 | 2,657,000 | ||
occupancy and equipment | 4,511,000 | 2,890,000 | 2,143,000 | 3,234,000 | 1,996,000 | 1,596,000 | 1,015,000 | 1,011,000 | 949,000 | 923,000 | 894,000 | 901,000 | 917,000 | 894,000 | ||||
professional and regulatory fees | 5,558,000 | |||||||||||||||||
data processing and software expense | 5,507,000 | 697,000 | 1,076,000 | 828,000 | 766,000 | 719,000 | 372,000 | 360,000 | 308,000 | 296,000 | 270,000 | 284,000 | 313,000 | 368,000 | ||||
marketing | 2,612,000 | 306,000 | 446,000 | 461,000 | 388,000 | 436,000 | 225,000 | 244,000 | 279,000 | 293,000 | 211,000 | 200,000 | 204,000 | 227,000 | ||||
amortization of intangibles | 2,438,000 | 798,000 | 856,000 | 978,000 | 551,000 | 223,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 95,000 | 96,000 | ||||
telephone and communications | 233,000 | 236,000 | 414,000 | 426,000 | 282,000 | 230,000 | 106,000 | 102,000 | 107,000 | 98,000 | 100,000 | 97,000 | 81,000 | 68,000 | ||||
total noninterest expense | 67,162,000 | 18,246,000 | 16,169,000 | 17,306,000 | 15,035,000 | 12,522,000 | 7,782,000 | 7,450,000 | 7,085,000 | 7,029,000 | 6,301,000 | 5,975,000 | 5,733,000 | 5,842,000 | 4,730,000 | 5,082,000 | ||
income before income tax expense | 39,422,000 | |||||||||||||||||
provision for income taxes | 8,516,000 | |||||||||||||||||
net income | 30,906,000 | 29,456,000 | 31,787,000 | 8,935,000 | 10,193,000 | 10,388,000 | 3,257,000 | 5,182,000 | 3,615,000 | 3,098,000 | 3,189,000 | 3,375,000 | 3,173,000 | 2,813,000 | 2,573,000 | 2,537,000 | 1,856,000 | 1,824,000 |
yoy | 203.21% | 183.56% | 875.96% | 72.42% | 181.96% | 235.31% | 2.13% | 53.54% | 13.93% | 10.13% | 23.94% | 33.03% | 70.96% | 54.22% | ||||
qoq | 4.92% | -7.33% | 255.76% | -12.34% | -1.88% | 218.94% | -37.15% | 43.35% | 16.69% | -2.85% | -5.51% | 6.37% | 12.80% | 9.33% | 1.42% | 36.69% | 1.75% | |
basic eps | 570 | |||||||||||||||||
diluted eps | 560 | |||||||||||||||||
earnings | ||||||||||||||||||
shares | ||||||||||||||||||
weighted-average shares outstanding for basic eps | 49,476,000 | 49,394,000 | ||||||||||||||||
dilutive effect of employee stock-based awards | 855,000 | 604,000 | ||||||||||||||||
adjusted weighted-average shares outstanding | 50,331,000 | 49,998,000 | ||||||||||||||||
eps: | ||||||||||||||||||
basic | 600 | 640 | ||||||||||||||||
diluted | 590 | 640 | ||||||||||||||||
interest income: | ||||||||||||||||||
interest on investment securities | 1,722,000 | 1,647,000 | 1,328,000 | 1,211,000 | 941,000 | 735,000 | 575,000 | 395,000 | 335,000 | 344,000 | 335,000 | 285,000 | 247,000 | 252,000 | 212,000 | |||
interest on deposits in other banks | 1,016,000 | 613,000 | 687,000 | 500,000 | 629,000 | 548,000 | 610,000 | 201,000 | 129,000 | 80,000 | 92,000 | 72,000 | 60,000 | 55,000 | 54,000 | |||
interest on other | 6,000 | 4,000 | 5,000 | 4,000 | 3,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||
total interest income | 37,818,000 | 34,555,000 | 34,087,000 | 29,897,000 | 22,279,000 | 14,307,000 | 13,069,000 | 12,281,000 | 12,054,000 | 11,477,000 | 10,783,000 | 10,006,000 | 9,538,000 | 7,761,000 | 7,614,000 | |||
interest expense: | ||||||||||||||||||
interest on deposit accounts | 7,762,000 | 6,452,000 | 4,293,000 | 3,677,000 | 2,812,000 | 1,742,000 | 1,647,000 | 1,600,000 | 1,381,000 | 1,072,000 | 935,000 | 843,000 | 778,000 | 666,000 | 631,000 | |||
interest on borrowings | 880,000 | 479,000 | 692,000 | 470,000 | 338,000 | 189,000 | 169,000 | 161,000 | 156,000 | 177,000 | 158,000 | 151,000 | 143,000 | 123,000 | 126,000 | |||
provision for loan losses | 3,057,000 | 1,504,000 | 678,000 | 2,529,000 | 752,000 | 943,000 | 440,000 | 238,000 | 527,000 | 64,500 | 148,000 | |||||||
net interest income after provision for loan losses | 26,119,000 | 26,120,000 | 28,424,000 | 23,221,000 | 18,377,000 | 11,433,000 | 10,080,000 | 10,279,000 | 9,701,000 | 5,547,250 | 8,617,000 | 6,824,000 | ||||||
noninterest income: | ||||||||||||||||||
gain on sales of investment securities | -34,000 | 4,000 | 8,000 | 17,000 | 205,000 | 15,000 | 7,000 | |||||||||||
net gain on sales of loans and other assets owned | 270,000 | 416,000 | 581,000 | 564,750 | 705,000 | |||||||||||||
bank-owned life insurance | 194,000 | 192,000 | 189,000 | 192,000 | 188,000 | 186,000 | 187,000 | 194,000 | 193,000 | 191,000 | 193,000 | 195,000 | 194,000 | 180,000 | 178,000 | |||
rental income | 414,000 | |||||||||||||||||
noninterest expense: | ||||||||||||||||||
professional fees | 4,297,000 | 1,703,000 | 1,802,000 | 1,713,000 | 1,973,000 | 1,188,000 | 798,000 | 943,000 | 785,000 | 503,000 | 573,000 | 487,000 | 632,000 | |||||
fdic assessment fees | 288,000 | 236,000 | 302,000 | 116,000 | 410,000 | 393,000 | 258,000 | 214,000 | 179,000 | 132,000 | 137,000 | 131,000 | 121,000 | 96,000 | 100,000 | |||
net income from operations | 10,383,000 | 12,543,000 | 13,899,000 | 10,484,000 | 7,832,000 | 5,417,000 | 4,448,000 | 4,819,000 | 5,143,000 | 4,812,000 | 4,243,000 | 3,876,000 | 3,818,000 | 2,782,000 | 2,431,000 | |||
income tax expense | 1,448,000 | 2,350,000 | 3,511,000 | 7,227,000 | 2,650,000 | 1,802,000 | 1,350,000 | 1,630,000 | 1,768,000 | 1,639,000 | 1,430,000 | 1,303,000 | 1,281,000 | 926,000 | 607,000 | |||
preferred stock dividends | 42,000 | 38,000 | 20,000 | 20,000 | 20,000 | |||||||||||||
net income available to common stockholders | 8,935,000 | 3,257,000 | 5,140,000 | 3,189,000 | 3,375,000 | 3,173,000 | 2,813,000 | 2,535,000 | 2,517,000 | 1,836,000 | 1,804,000 | |||||||
basic earnings per share | 0.37 | 0.42 | 0.43 | 0.12 | 0.26 | 0.24 | 0.2 | 0.28 | 0.32 | 0.3 | 0.26 | 0.24 | 0.24 | 0.19 | 0.19 | |||
diluted earnings per share | 0.36 | 0.42 | 0.42 | 0.11 | 0.25 | 0.23 | 0.2 | 0.28 | 0.31 | 0.29 | 0.26 | 0.23 | 0.23 | 0.19 | 0.19 | |||
other assets owned expenses and write-downs | 172,000 | 73,000 | 71,000 | 13,000 | 25,000 | 24,000 | 9,000 | 55,000 | 75,000 | |||||||||
gain on sales of loans | 815,000 | 747,000 | 970,000 | 1,036,000 | 620,000 | 662,000 | 430,000 | 392,000 | ||||||||||
loss on sale of other assets owned | -8,000 | |||||||||||||||||
benefit from loan losses | 890,000 | 845,000 | 110,000 | |||||||||||||||
net interest income after benefit from loan losses | 10,363,000 | 8,845,000 | 6,747,000 | |||||||||||||||
loss on sales of other assets owned | ||||||||||||||||||
gain on sales of other assets owned | 21,000 | |||||||||||||||||
other assets owned expenses and writedowns | 7,250 | |||||||||||||||||
service charges on deposit accounts | 216,000 | 185,000 | ||||||||||||||||
gain on sales of loans held for sale | 129,000 | 302,000 | ||||||||||||||||
gain on sales of other real estate owned | ||||||||||||||||||
occupancy of bank premises | 474,000 | 526,000 | ||||||||||||||||
depreciation and amortization | 320,000 | 325,000 | ||||||||||||||||
data processing | 222,000 | 220,000 | ||||||||||||||||
legal fees | 85,000 | 201,000 | ||||||||||||||||
other professional fees | 233,000 | 237,000 | ||||||||||||||||
advertising and promotions | 47,000 | 73,000 | ||||||||||||||||
utilities and telephone | 74,000 | 73,000 | ||||||||||||||||
other real estate owned expenses and write-downs | 22,000 | 13,000 |
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 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-07-27 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
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assets | ||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 66,696,000 | 81,088,000 | 52,486,000 | 54,165,000 | 53,462,000 | 41,884,000 | 53,702,000 | 53,166,000 | 57,628,000 | 52,029,000 | 58,539,000 | 51,966,000 | 44,023,000 | 43,126,000 | 51,726,000 | 45,869,000 | 44,337,000 | 40,792,000 | 70,203,000 | 70,007,000 | 65,151,000 | 72,107,000 | 59,356,000 | 52,535,000 | 31,204,000 | 30,130,000 | 30,130,000 | 26,861,000 | 21,879,000 | 23,021,000 | 15,631,000 | 15,837,000 | 12,951,000 | 12,416,000 | 10,989,000 | 10,478,000 | 11,699,000 | 9,338,000 | ||
interest bearing deposits in other banks | 703,869,000 | 768,702,000 | 802,714,000 | 1,046,625,000 | 598,375,000 | 698,885,000 | 659,706,000 | 610,755,000 | 750,767,000 | 381,868,000 | 352,177,000 | 499,607,000 | 335,761,000 | 186,586,000 | 338,301,000 | 422,160,000 | 186,488,000 | 87,975,000 | 90,103,000 | 360,835,000 | 186,399,000 | 180,485,000 | 206,466,000 | 286,938,000 | 230,586,000 | 116,610,000 | 116,610,000 | 168,333,000 | 129,497,000 | 262,714,000 | 219,160,000 | 162,750,000 | 114,293,000 | 79,967,000 | 60,562,000 | 113,031,000 | 51,570,000 | 76,206,000 | ||
total cash and cash equivalents | 770,565,000 | 849,790,000 | 855,200,000 | 1,100,790,000 | 651,837,000 | 740,769,000 | 713,408,000 | 663,921,000 | 808,395,000 | 433,897,000 | 410,716,000 | 551,573,000 | 379,784,000 | 229,712,000 | 390,027,000 | 468,029,000 | 230,825,000 | 128,767,000 | 160,306,000 | 430,842,000 | 251,550,000 | 252,592,000 | 265,822,000 | 339,473,000 | 261,790,000 | 146,740,000 | 146,740,000 | 195,194,000 | 151,376,000 | 285,735,000 | 234,791,000 | 178,587,000 | 127,244,000 | 92,383,000 | 71,551,000 | 123,509,000 | 63,269,000 | 85,544,000 | ||
debt securities afs, at fair value | 1,242,285,000 | 1,284,360,000 | 1,294,512,000 | 1,243,246,000 | 1,172,122,000 | 1,166,268,000 | ||||||||||||||||||||||||||||||||||
debt securities htm | 176,519,000 | 178,797,000 | 184,026,000 | 180,364,000 | 177,232,000 | 178,662,000 | ||||||||||||||||||||||||||||||||||
equity securities | 20,492,000 | 20,461,000 | 22,053,000 | 22,377,000 | 21,797,000 | 21,676,000 | 20,713,000 | 20,859,000 | 20,522,000 | 19,199,000 | 15,590,000 | 14,880,000 | 15,393,000 | 15,273,000 | 14,982,000 | 14,739,000 | 14,938,000 | 15,180,000 | 19,410,000 | 18,948,000 | 14,697,000 | |||||||||||||||||||
investment in unconsolidated subsidiaries | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | |||||||||||||||||||||||
fhlb stock and frb stock | 52,476,000 | 47,973,000 | 47,862,000 | 53,070,000 | 54,094,000 | |||||||||||||||||||||||||||||||||||
total investments | 1,492,790,000 | 1,532,609,000 | 1,548,176,000 | 1,494,867,000 | 1,425,239,000 | 1,421,718,000 | 1,141,498,000 | 1,282,914,000 | 1,288,580,000 | 1,418,555,000 | 1,557,088,000 | 1,433,213,000 | 1,243,085,000 | 1,295,531,000 | 1,213,435,000 | 1,165,086,000 | 1,142,393,000 | 1,189,463,000 | 1,216,274,000 | 1,230,579,000 | 1,081,393,000 | 1,113,188,000 | 1,101,367,000 | 1,026,591,000 | ||||||||||||||||
lhfs | 69,480,000 | 69,236,000 | 89,309,000 | 48,496,000 | 57,046,000 | 64,762,000 | ||||||||||||||||||||||||||||||||||
lhi, mw | 669,052,000 | 571,775,000 | 605,411,000 | 630,650,000 | 568,047,000 | 449,531,000 | ||||||||||||||||||||||||||||||||||
lhi, excluding mw | 8,783,988,000 | 8,828,672,000 | 8,899,133,000 | 9,028,575,000 | 9,209,094,000 | 9,249,551,000 | 9,237,447,000 | 9,257,183,000 | 9,237,159,000 | |||||||||||||||||||||||||||||||
less: acl | -112,262,000 | -111,773,000 | -111,745,000 | -117,162,000 | -113,431,000 | -112,032,000 | ||||||||||||||||||||||||||||||||||
total lhi | 9,340,778,000 | 9,288,674,000 | 9,392,799,000 | 9,542,063,000 | 9,663,710,000 | 9,587,050,000 | 9,518,383,000 | 9,591,288,000 | 9,575,966,000 | 8,952,022,000 | 8,471,846,000 | 7,614,333,000 | 7,307,269,000 | |||||||||||||||||||||||||||
boli | 86,048,000 | 85,424,000 | 85,324,000 | 84,776,000 | 84,233,000 | 85,359,000 | ||||||||||||||||||||||||||||||||||
premises and equipment | 116,642,000 | 112,801,000 | 113,480,000 | 114,202,000 | 105,222,000 | 105,299,000 | 106,118,000 | 105,986,000 | 107,540,000 | 108,720,000 | ||||||||||||||||||||||||||||||
oreo | 9,218,000 | 24,268,000 | 24,737,000 | 9,034,000 | 24,256,000 | 18,445,000 | ||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization | 25,006,000 | 27,974,000 | 28,664,000 | 32,825,000 | 35,817,000 | 38,679,000 | 44,294,000 | 48,293,000 | 51,086,000 | 56,238,000 | 59,011,000 | 63,986,000 | 66,017,000 | 54,682,000 | 57,143,000 | 59,236,000 | 61,733,000 | |||||||||||||||||||||||
goodwill | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 404,452,000 | 403,771,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,840,000 | 370,463,000 | 370,221,000 | 368,268,000 | 161,447,000 | 161,447,000 | 161,447,000 | 161,685,000 | 135,832,000 | 26,865,000 | 26,865,000 | 26,865,000 | 26,865,000 | 26,865,000 | 26,865,000 | 26,025,000 | 19,148,000 | 19,148,000 | ||
other assets | 212,889,000 | 210,863,000 | 226,200,000 | 211,471,000 | 232,518,000 | 241,863,000 | 291,998,000 | 259,263,000 | 245,690,000 | 238,896,000 | 193,590,000 | 173,561,000 | 138,851,000 | 129,774,000 | 72,856,000 | 89,304,000 | 114,997,000 | 112,693,000 | 88,091,000 | 85,787,000 | 67,994,000 | 75,716,000 | 82,667,000 | 69,474,000 | 16,433,000 | 15,831,000 | 15,831,000 | 13,634,000 | 14,760,000 | 5,469,000 | 5,067,000 | 3,392,000 | 3,725,000 | 2,923,000 | 2,520,000 | 3,225,000 | 7,101,000 | 2,879,000 | ||
total assets | 12,527,868,000 | 12,606,091,000 | 12,768,341,000 | 13,042,976,000 | 12,684,330,000 | 12,708,396,000 | 12,346,331,000 | 12,470,368,000 | 12,609,487,000 | 11,714,454,000 | 11,304,811,000 | 10,453,680,000 | 9,757,249,000 | 9,572,300,000 | 9,349,525,000 | 9,237,510,000 | 8,820,871,000 | 8,702,375,000 | 8,587,858,000 | 8,531,624,000 | 7,954,937,000 | 7,962,883,000 | 8,010,106,000 | 7,931,747,000 | 3,275,846,000 | 3,133,627,000 | 3,133,627,000 | 3,063,319,000 | 2,494,861,000 | 1,522,015,000 | 1,408,507,000 | 1,269,238,000 | 1,215,497,000 | 1,130,480,000 | 1,039,600,000 | 1,009,539,000 | 827,140,000 | 808,906,000 | ||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||
deposits: | ||||||||||||||||||||||||||||||||||||||||
noninterest-bearing deposits | 2,133,294,000 | 2,318,645,000 | 2,191,457,000 | 2,643,894,000 | 2,416,727,000 | 2,349,211,000 | 2,363,340,000 | 2,234,109,000 | 2,212,389,000 | 2,811,412,000 | 2,947,830,000 | 2,765,895,000 | 2,510,723,000 | 2,302,925,000 | 2,388,068,000 | 2,171,719,000 | 2,097,099,000 | 1,920,715,000 | 1,907,697,000 | 1,549,260,000 | 1,556,500,000 | 1,473,126,000 | 1,476,668,000 | 1,439,630,000 | ||||||||||||||||
interest-bearing transaction and savings deposits | 5,009,137,000 | 5,180,495,000 | 5,061,157,000 | 4,204,708,000 | 3,979,454,000 | 4,220,114,000 | 3,936,070,000 | 3,590,253,000 | 3,492,011,000 | 4,269,668,000 | 4,007,250,000 | 3,688,292,000 | 3,276,312,000 | 3,228,306,000 | 3,112,974,000 | 3,189,693,000 | 2,958,456,000 | 2,821,945,000 | 2,714,149,000 | 2,536,865,000 | 2,654,972,000 | 2,528,293,000 | 2,646,154,000 | 2,617,117,000 | ||||||||||||||||
certificates and other time deposits | 2,792,750,000 | 2,679,221,000 | 2,958,861,000 | 3,625,920,000 | 3,744,596,000 | 3,486,805,000 | 3,403,427,000 | 2,928,949,000 | 2,896,870,000 | 1,667,364,000 | 1,562,626,000 | 1,435,409,000 | 1,576,580,000 | 1,647,521,000 | 1,477,860,000 | 1,543,158,000 | 1,457,291,000 | 1,479,896,000 | 1,503,701,000 | 1,713,820,000 | 1,682,878,000 | 1,876,427,000 | 2,042,266,000 | 2,240,968,000 | ||||||||||||||||
correspondent money market deposits | 482,739,000 | 486,762,000 | 561,489,000 | 584,067,000 | 597,690,000 | 493,681,000 | 480,598,000 | 433,468,000 | ||||||||||||||||||||||||||||||||
total deposits | 10,417,920,000 | 10,665,123,000 | 10,752,592,000 | 11,036,011,000 | 10,724,844,000 | 10,653,820,000 | 10,196,518,000 | 9,233,909,000 | 9,034,738,000 | 8,748,444,000 | 8,517,706,000 | 7,889,596,000 | 7,363,615,000 | 7,178,752,000 | 6,978,902,000 | 6,904,570,000 | 6,512,846,000 | 6,222,556,000 | 6,125,547,000 | 5,799,945,000 | 5,894,350,000 | 5,877,846,000 | 6,165,088,000 | 6,297,715,000 | 2,656,254,000 | 2,490,418,000 | 2,490,418,000 | 2,493,794,000 | 1,985,658,000 | 1,221,696,000 | 1,119,630,000 | 1,077,217,000 | 1,027,729,000 | 946,058,000 | 868,410,000 | 842,607,000 | 673,106,000 | 668,255,000 | ||
accounts payable and other liabilities | 135,647,000 | 151,579,000 | 183,944,000 | 168,415,000 | 180,585,000 | 186,027,000 | 229,116,000 | 190,900,000 | 171,985,000 | 173,198,000 | 126,116,000 | 105,552,000 | 69,160,000 | 66,571,000 | 55,499,000 | 55,902,000 | 61,928,000 | 66,096,000 | 64,625,000 | 56,339,000 | ||||||||||||||||||||
advances from fhlb | 169,000,000 | 100,000,000 | 200,000,000 | 1,325,000,000 | 1,680,000,000 | 1,150,000,000 | 1,000,000,000 | 777,522,000 | 777,562,000 | 777,601,000 | 777,640,000 | 777,679,000 | 777,718,000 | 1,082,756,000 | 1,087,794,000 | |||||||||||||||||||||||||
subordinated debentures and subordinated notes | 156,082,000 | 155,909,000 | 230,736,000 | 230,536,000 | 230,285,000 | 230,034,000 | 229,531,000 | 229,279,000 | 229,027,000 | 228,524,000 | 228,272,000 | 228,018,000 | 227,764,000 | 262,761,000 | 262,766,000 | 262,774,000 | 262,778,000 | 140,158,000 | 140,283,000 | 140,406,000 | 145,571,000 | 72,284,000 | 72,486,000 | 72,719,000 | ||||||||||||||||
total liabilities | 10,878,649,000 | 10,972,611,000 | 11,167,272,000 | 11,434,962,000 | 11,135,714,000 | 11,169,881,000 | 10,855,165,000 | 10,979,088,000 | 11,115,750,000 | 10,302,555,000 | 9,875,369,000 | 9,005,684,000 | 8,442,170,000 | 8,288,140,000 | 8,076,618,000 | 8,003,702,000 | 7,617,495,000 | 7,517,038,000 | 7,424,109,000 | 7,382,355,000 | 6,764,140,000 | 6,757,353,000 | 6,804,813,000 | 6,738,042,000 | 2,758,634,000 | 2,625,186,000 | 2,625,186,000 | 2,565,886,000 | 2,048,932,000 | 1,279,290,000 | 1,169,419,000 | 1,126,815,000 | 1,076,647,000 | 995,239,000 | 907,554,000 | 872,031,000 | 710,055,000 | 693,773,000 | ||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||
authorized shares - 75,000,000 | ||||||||||||||||||||||||||||||||||||||||
issued shares - 61,744,795 and 61,332,445 at june 30, 2025 and december 31, 2024, respectively | 617,000 | |||||||||||||||||||||||||||||||||||||||
apic | 1,329,803,000 | 1,329,626,000 | 1,328,748,000 | 1,324,929,000 | 1,321,995,000 | 1,319,144,000 | ||||||||||||||||||||||||||||||||||
retained earnings | 545,015,000 | 526,044,000 | 507,903,000 | 493,921,000 | 473,801,000 | 457,499,000 | 451,513,000 | 429,753,000 | 406,873,000 | 350,195,000 | 317,664,000 | 298,830,000 | 275,273,000 | 243,633,000 | 216,704,000 | 195,661,000 | 172,232,000 | 157,639,000 | 143,277,000 | 127,812,000 | 147,911,000 | 125,344,000 | 104,652,000 | 84,559,000 | 74,143,000 | 65,208,000 | 65,208,000 | 55,015,000 | 41,143,000 | 32,388,000 | 29,290,000 | 26,101,000 | 22,725,000 | 19,552,000 | 16,739,000 | 14,204,000 | 11,687,000 | 9,851,000 | ||
aoci | -38,528,000 | -42,170,000 | -65,076,000 | -40,330,000 | -76,713,000 | -71,157,000 | ||||||||||||||||||||||||||||||||||
treasury stock | -187,688,000 | -180,635,000 | -171,119,000 | -171,119,000 | -171,079,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -167,582,000 | -156,147,000 | -156,147,000 | -152,073,000 | -144,160,000 | -144,160,000 | -144,160,000 | -94,603,000 | -58,834,000 | -29,873,000 | -7,802,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | -70,000 | ||
total stockholders’ equity | 1,649,219,000 | 1,633,480,000 | 1,601,069,000 | 1,608,014,000 | 1,548,616,000 | 1,538,515,000 | 1,491,166,000 | 1,491,280,000 | 1,493,737,000 | 1,411,899,000 | 1,429,442,000 | 1,447,996,000 | 1,315,079,000 | 1,284,160,000 | 1,272,907,000 | 1,233,808,000 | 1,203,376,000 | 1,185,337,000 | 1,163,749,000 | 1,149,269,000 | 1,190,797,000 | 1,205,530,000 | 1,205,293,000 | 1,193,705,000 | 517,212,000 | 508,441,000 | 508,441,000 | 497,433,000 | 445,929,000 | 242,725,000 | 239,088,000 | 142,423,000 | 138,850,000 | 135,241,000 | 132,046,000 | 137,508,000 | 117,085,000 | 115,133,000 | ||
total liabilities and stockholders’ equity | 12,527,868,000 | 12,606,091,000 | 12,768,341,000 | 13,042,976,000 | 12,684,330,000 | 12,708,396,000 | 12,346,331,000 | 12,470,368,000 | 12,609,487,000 | 11,714,454,000 | 11,304,811,000 | 10,453,680,000 | 9,757,249,000 | 9,572,300,000 | 9,349,525,000 | 9,237,510,000 | 8,820,871,000 | 8,702,375,000 | 8,587,858,000 | 8,531,624,000 | 7,954,937,000 | 7,962,883,000 | 8,010,106,000 | 7,931,747,000 | 3,275,846,000 | 3,133,627,000 | 3,133,627,000 | 3,063,319,000 | 2,494,861,000 | 1,522,015,000 | 1,408,507,000 | 1,269,238,000 | 1,215,497,000 | 1,130,480,000 | 1,039,600,000 | 1,009,539,000 | 827,140,000 | 808,906,000 | ||
issued shares - 61,490,069 and 61,332,445 at march 31, 2025 and december 31, 2024, respectively | 615,000 | |||||||||||||||||||||||||||||||||||||||
fhlb and frb stock | 46,567,000 | |||||||||||||||||||||||||||||||||||||||
correspondent money market account | 541,117,000 | |||||||||||||||||||||||||||||||||||||||
issued shares - 61,332,445 and 60,976,462 at december 31, 2024 and december 31, 2023, respectively | 613,000 | |||||||||||||||||||||||||||||||||||||||
issued shares - 61,261,938 and 60,976,462 at september 30, 2024 and december 31, 2023, respectively | 613,000 | |||||||||||||||||||||||||||||||||||||||
issued shares - 61,164,132 and 60,976,462 at june 30, 2024 and december 31, 2023, respectively | 612,000 | |||||||||||||||||||||||||||||||||||||||
issued shares - 61,134,055 and 60,976,462 at march 31, 2024 and december 31, 2023, respectively | 611,000 | |||||||||||||||||||||||||||||||||||||||
veritex holdings, inc. | 115,310 | 201,290 | ||||||||||||||||||||||||||||||||||||||
kbw nadsaq regional banking index | 101,460 | |||||||||||||||||||||||||||||||||||||||
nasdaq bank index | 108,840 | 166,360 | ||||||||||||||||||||||||||||||||||||||
interest-earning assets: | ||||||||||||||||||||||||||||||||||||||||
loans | ||||||||||||||||||||||||||||||||||||||||
debt securities | ||||||||||||||||||||||||||||||||||||||||
interest-earning deposits in other banks | ||||||||||||||||||||||||||||||||||||||||
equity securities and other investments | ||||||||||||||||||||||||||||||||||||||||
total interest-earning assets | ||||||||||||||||||||||||||||||||||||||||
acl | ||||||||||||||||||||||||||||||||||||||||
noninterest-earning assets | ||||||||||||||||||||||||||||||||||||||||
interest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||
interest-bearing demand and savings deposits | ||||||||||||||||||||||||||||||||||||||||
total interest-bearing liabilities | ||||||||||||||||||||||||||||||||||||||||
noninterest-bearing liabilities: | ||||||||||||||||||||||||||||||||||||||||
other liabilities | ||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||
net interest spread | ||||||||||||||||||||||||||||||||||||||||
net interest income | ||||||||||||||||||||||||||||||||||||||||
net interest margin | ||||||||||||||||||||||||||||||||||||||||
debt securities available-for-sale (“afs”), at fair value | 879,083,000 | 961,045,000 | 966,123,000 | 1,114,886,000 | 1,170,004,000 | 1,063,249,000 | ||||||||||||||||||||||||||||||||||
debt securities held-to-maturity | 181,546,000 | 182,975,000 | 184,836,000 | 188,118,000 | 184,399,000 | 181,265,000 | 59,436,000 | 55,257,000 | 48,638,000 | 33,909,000 | 30,872,000 | 30,984,000 | 31,991,000 | 32,842,000 | ||||||||||||||||||||||||||
federal home loan bank of dallas (“fhlb”) stock and federal reserve bank (“frb”) stock | 59,138,000 | 117,017,000 | 116,081,000 | 95,334,000 | 87,116,000 | 71,983,000 | 71,803,000 | |||||||||||||||||||||||||||||||||
loans held for sale | 41,313,000 | 29,876,000 | 42,816,000 | 17,644,000 | 14,210,000 | 18,721,000 | 26,007,000 | 18,896,000 | 12,065,000 | 19,864,000 | 21,414,000 | 13,928,000 | 28,041,000 | 15,048,000 | 14,080,000 | 10,715,000 | 7,524,000 | 8,002,000 | 1,425,000 | 453,000 | 453,000 | 893,000 | 2,179,000 | 1,925,000 | 5,208,000 | 4,856,000 | 4,793,000 | 3,597,000 | 2,831,000 | 1,766,000 | 2,127,000 | 2,508,000 | ||||||||
loans held for investment | 390,767,000 | 436,255,000 | 437,501,000 | 5,853,735,000 | 5,737,577,000 | 5,654,027,000 | 5,731,833,000 | 5,663,721,000 | ||||||||||||||||||||||||||||||||
less: allowance for credit losses | -109,831,000 | -102,150,000 | -98,694,000 | -85,037,000 | -80,576,000 | -72,485,000 | -77,754,000 | -93,771,000 | -99,543,000 | -104,936,000 | -105,084,000 | -121,591,000 | -115,365,000 | -100,983,000 | ||||||||||||||||||||||||||
bank-owned life insurance | 84,867,000 | 84,375,000 | 84,962,000 | 84,030,000 | 84,097,000 | 83,641,000 | 83,194,000 | 83,781,000 | 83,304,000 | 83,318,000 | 82,855,000 | 82,366,000 | 81,876,000 | 81,395,000 | 80,915,000 | 80,411,000 | 79,899,000 | 79,397,000 | 21,915,000 | 21,767,000 | 21,767,000 | 21,620,000 | 20,517,000 | 20,224,000 | 20,077,000 | 19,922,000 | 19,767,000 | 19,614,000 | 19,459,000 | 19,299,000 | 18,115,000 | 17,969,000 | ||||||||
issued shares - 60,942,883 and 60,668,049 at september 30, 2023 and december 31, 2022, respectively | 609,000 | |||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,314,459,000 | 1,311,687,000 | 1,308,345,000 | 1,303,171,000 | 1,300,170,000 | 1,297,161,000 | 1,142,758,000 | 1,137,889,000 | 1,134,603,000 | 1,131,324,000 | 1,126,437,000 | 1,124,148,000 | 1,122,063,000 | 1,119,757,000 | 1,117,879,000 | 1,114,659,000 | 1,112,238,000 | 1,109,386,000 | 448,117,000 | 447,234,000 | 447,234,000 | 445,964,000 | 404,900,000 | 211,512,000 | 211,173,000 | 116,315,000 | 116,111,000 | 115,876,000 | 115,721,000 | 115,579,000 | 97,761,000 | 97,480,000 | ||||||||
accumulated other comprehensive loss | -107,833,000 | -5,114,000 | -4,067,000 | -4,067,000 | -3,611,000 | -62,000 | -1,248,000 | |||||||||||||||||||||||||||||||||
issued shares - 60,898,886 and 60,668,049 at june 30, 2023 and december 31, 2022, respectively | 609,000 | |||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -83,187,000 | -54,508,000 | -74,491,000 | -21,416,000 | 18,982,000 | 64,070,000 | 69,661,000 | 77,189,000 | 62,413,000 | 56,225,000 | 47,155,000 | 42,014,000 | 45,306,000 | 19,061,000 | 23,837,000 | 17,741,000 | 7,016,000 | -1,048,000 | 279,000 | 286,000 | 85,000 | -142,000 | 94,000 | 18,000 | 178,000 | |||||||||||||||
issued shares - 60,867,127 and 60,668,049 at march 31, 2023 and december 31, 2022, respectively | 609,000 | |||||||||||||||||||||||||||||||||||||||
peer group | 184,080 | |||||||||||||||||||||||||||||||||||||||
ppp loans | ||||||||||||||||||||||||||||||||||||||||
securities purchased under agreements to resell | 98,961,000 | 100,818,000 | 103,692,000 | |||||||||||||||||||||||||||||||||||||
loans held for investment (“lhi”), including paycheck protection program (“ppp”) loans, carried at fair value | 2,821,000 | |||||||||||||||||||||||||||||||||||||||
lhi, mortgage warehouse | 523,805,000 | 629,291,000 | 542,877,000 | 565,645,000 | ||||||||||||||||||||||||||||||||||||
lhi, excluding mw and ppp | 8,510,433,000 | 7,915,792,000 | 7,125,429,000 | 6,766,009,000 | ||||||||||||||||||||||||||||||||||||
securities sold under agreements to repurchase | 2,389,000 | 3,275,000 | 4,996,000 | 4,069,000 | 2,455,000 | 1,811,000 | 2,777,000 | 2,225,000 | 2,028,000 | 1,772,000 | 2,426,000 | 2,353,000 | 2,787,000 | 2,811,000 | 2,778,000 | |||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||
issued shares - 60,621,985 and 56,010,423 at september 30, 2022 and december 31, 2021, respectively | 606,000 | |||||||||||||||||||||||||||||||||||||||
loans held for investment (“lhi”), paycheck protection program (“ppp”) loans, carried at fair value | 7,339,000 | 18,512,000 | ||||||||||||||||||||||||||||||||||||||
bank premises, furniture and equipment | 108,769,000 | 109,138,000 | 109,271,000 | 116,063,000 | 123,504,000 | 114,585,000 | 115,063,000 | 115,794,000 | 115,560,000 | 116,056,000 | 118,536,000 | 118,449,000 | 115,373,000 | 119,354,000 | 77,346,000 | 76,348,000 | 76,348,000 | 76,045,000 | 40,129,000 | 17,521,000 | 17,413,000 | 17,501,000 | 17,243,000 | 17,248,000 | 17,449,000 | 17,585,000 | 12,107,000 | 11,526,000 | ||||||||||||
other real estate owned | 1,032,000 | 1,062,000 | 2,467,000 | 2,337,000 | 2,337,000 | 5,796,000 | 7,716,000 | 7,720,000 | 5,995,000 | 4,625,000 | 1,748,000 | 151,000 | 10,000 | 738,000 | 998,000 | 662,000 | 662,000 | 493,000 | 493,000 | 493,000 | 493,000 | 548,000 | 548,000 | |||||||||||||||||
common stock, 0.01 par value... | 606,000 | 605,000 | 560,000 | 559,000 | 558,000 | 557,000 | 555,000 | 555,000 | 555,000 | 554,000 | 549,000 | 524,000 | 535,000 | 546,000 | 242,000 | 242,000 | 242,000 | 241,000 | 227,000 | 152,000 | 152,000 | 107,000 | 107,000 | 107,000 | 107,000 | 107,000 | 95,000 | 95,000 | ||||||||||||
debt securities available-for-sale ("afs"), at fair value | 993,058,000 | |||||||||||||||||||||||||||||||||||||||
securities purchased under agreement to resell | 102,288,000 | |||||||||||||||||||||||||||||||||||||||
federal home loan bank ("fhlb") and federal reserve bank ("frb") stock | 71,892,000 | 71,236,000 | ||||||||||||||||||||||||||||||||||||||
loans held for investment ("lhi"), paycheck protection program ("ppp") loans, carried at fair value | 53,369,000 | |||||||||||||||||||||||||||||||||||||||
debt securities available-for-sale, at fair value | 1,048,488,000 | 1,077,239,000 | 1,043,951,000 | 1,024,329,000 | 1,060,456,000 | 1,080,070,000 | 1,084,962,000 | |||||||||||||||||||||||||||||||||
loans held for investment, paycheck protection program (“ppp”) loans, carried at fair value | 135,842,000 | 291,401,000 | 407,353,000 | 405,465,000 | 398,949,000 | |||||||||||||||||||||||||||||||||||
loans held for investment, mortgage warehouse | 615,045,000 | 559,939,000 | 599,001,000 | 577,594,000 | 544,845,000 | 441,992,000 | 371,161,000 | 183,628,000 | 233,577,000 | 200,017,000 | 114,158,000 | |||||||||||||||||||||||||||||
loans held for investment, excluding mw and ppp | 6,615,905,000 | 6,272,087,000 | 5,963,493,000 | 5,847,862,000 | 5,789,293,000 | 5,726,873,000 | ||||||||||||||||||||||||||||||||||
total loans held for investment | 7,273,021,000 | 7,023,884,000 | 6,864,911,000 | 6,678,414,000 | 6,618,012,000 | 6,452,449,000 | 6,123,913,000 | 5,891,371,000 | ||||||||||||||||||||||||||||||||
federal home loan bank of dallas stock (“fhlb”) and federal reserve bank (“frb”) stock | 71,558,000 | 71,469,000 | ||||||||||||||||||||||||||||||||||||||
loans held for investment, paycheck protection program ("ppp") loans, carried at fair value | 358,042,000 | |||||||||||||||||||||||||||||||||||||||
federal home loan bank of dallas stock (“fhlb”) and federal reserve bank stock | 81,825,000 | 83,785,000 | ||||||||||||||||||||||||||||||||||||||
investment in trusts | 1,018,000 | 1,018,000 | 1,018,000 | 1,018,000 | ||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 28,531 and 19,997, at september 30, 2020 and december 31, 2019, respectively | 64,716,000 | |||||||||||||||||||||||||||||||||||||||
accrued interest payable | 3,444,000 | 4,088,000 | 5,407,000 | 6,569,000 | 6,054,000 | 7,069,000 | 8,008,000 | |||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 27,460 and 19,997, at june 30, 2020 and december 31, 2019, respectively | 66,705,000 | |||||||||||||||||||||||||||||||||||||||
federal home loan bank of dallas stock and federal reserve bank stock | 92,809,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 22,946 and 19,997, at march 31, 2020 and december 31, 2019, respectively) | 69,444,000 | |||||||||||||||||||||||||||||||||||||||
advances from federal home loan bank | 1,377,832,000 | 677,870,000 | 752,907,000 | 512,945,000 | 252,982,000 | 73,055,000 | 108,092,000 | 108,092,000 | 48,128,000 | 38,200,000 | 38,271,000 | 38,306,000 | 38,341,000 | 38,375,000 | 38,410,000 | 28,444,000 | 18,478,000 | 27,000,000 | 15,000,000 | |||||||||||||||||||||
securities available-for-sale, at fair value | 964,365,000 | 990,274,000 | 987,060,000 | 924,328,000 | ||||||||||||||||||||||||||||||||||||
securities held-to-maturity | 32,965,000 | 33,119,000 | 33,219,000 | 26,343,000 | ||||||||||||||||||||||||||||||||||||
federal home loan bank and federal reserve bank stock | 68,348,000 | |||||||||||||||||||||||||||||||||||||||
allowance for loan losses | -29,834,000 | -21,603,000 | ||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 19,997 and 7,528, respectively | 72,263,000 | |||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 37,427,000 | 45,475,000 | 44,414,000 | 41,459,000 | 6,875,000 | 4,130,000 | 4,130,000 | 3,862,000 | 4,017,000 | 1,631,000 | 2,914,000 | 2,082,000 | 1,611,000 | 2,122,000 | 1,776,000 | 1,782,000 | 1,202,000 | 1,049,000 | ||||||||||||||||||||||
trust preferred securities | 1,018,000 | 1,018,000 | 1,018,000 | |||||||||||||||||||||||||||||||||||||
federal reserve bank stock | 33,782,000 | 36,911,000 | 36,911,000 | |||||||||||||||||||||||||||||||||||||
federal home loan bank of dallas stock | 34,347,000 | 22,310,000 | 16,767,000 | |||||||||||||||||||||||||||||||||||||
other investments | 20,648,000 | 20,849,000 | 21,224,000 | |||||||||||||||||||||||||||||||||||||
less: allowance for loan losses | -26,243,000 | -24,712,000 | ||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 16,450 and 7,528, at september 30, 2019 and december 31, 2018 | 75,363,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 13,121 and 7,528, at june 30, 2019 and december 31, 2018 | 78,347,000 | |||||||||||||||||||||||||||||||||||||||
total loans | 5,785,881,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 10,223 and 7,528, respectively | 81,245,000 | |||||||||||||||||||||||||||||||||||||||
branch assets held for sale | 83,516,000 | 1,753,000 | 1,753,000 | 1,753,000 | ||||||||||||||||||||||||||||||||||||
branch liabilities held for sale | 62,381,000 | |||||||||||||||||||||||||||||||||||||||
investment securities | 256,237,000 | 252,187,000 | 252,187,000 | 243,164,000 | 204,788,000 | 138,698,000 | 102,559,000 | 86,772,000 | 83,677,000 | 79,146,000 | 75,813,000 | 61,023,000 | 59,299,000 | 53,391,000 | ||||||||||||||||||||||||||
loans, net of allowance for loan losses of 17,909 and 12,808, respectively | 2,426,590,000 | |||||||||||||||||||||||||||||||||||||||
accrued interest receivable | 8,291,000 | 8,137,000 | 8,137,000 | 7,127,000 | 6,387,000 | 2,845,000 | 2,907,000 | 2,414,000 | 2,259,000 | 2,252,000 | 2,216,000 | 2,088,000 | 1,557,000 | 1,539,000 | ||||||||||||||||||||||||||
non-marketable equity securities | 27,417,000 | 27,086,000 | 27,086,000 | 20,806,000 | 10,283,000 | 7,375,000 | 7,366,000 | 7,358,000 | 7,035,000 | 5,541,000 | 4,167,000 | 4,045,000 | 3,970,000 | 3,136,000 | ||||||||||||||||||||||||||
investment in unconsolidated subsidiary | 352,000 | 352,000 | 352,000 | 352,000 | 352,000 | 93,000 | 93,000 | 93,000 | 93,000 | 93,000 | 93,000 | 93,000 | 93,000 | 93,000 | ||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 6,555 and 3,468, respectively | 16,603,000 | |||||||||||||||||||||||||||||||||||||||
noninterest-bearing | 661,754,000 | 611,315,000 | 611,315,000 | 597,236,000 | 495,627,000 | 338,226,000 | 327,614,000 | 304,972,000 | 354,570,000 | 296,481,000 | 301,367,000 | 299,864,000 | 240,919,000 | 241,732,000 | ||||||||||||||||||||||||||
interest-bearing | 1,994,500,000 | 1,879,103,000 | 1,879,103,000 | 1,896,558,000 | 1,490,031,000 | 883,470,000 | 792,016,000 | 772,245,000 | 673,159,000 | 649,577,000 | 567,043,000 | 542,743,000 | 432,187,000 | 426,523,000 | ||||||||||||||||||||||||||
accrued interest payable and other liabilities | 5,759,000 | 5,856,000 | 5,856,000 | 3,412,000 | 4,368,000 | 9,655,000 | 534,000 | 1,098,000 | 855,000 | 573,000 | 848,000 | 1,089,000 | 672,000 | 1,395,000 | ||||||||||||||||||||||||||
junior subordinated debentures | 11,702,000 | 11,702,000 | 11,702,000 | 11,702,000 | 11,702,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | 3,093,000 | ||||||||||||||||||||||||||
subordinated notes | 4,989,000 | 4,988,000 | 4,988,000 | 4,988,000 | 4,987,000 | 4,944,000 | 4,942,000 | 4,984,000 | 4,984,000 | 4,983,000 | 4,983,000 | 4,982,000 | 4,982,000 | 4,981,000 | ||||||||||||||||||||||||||
other borrowings | ||||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 9,771 shares at september 30, 2018 and december 31, 2017 | -106,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 14,842 and 12,808, respectively | 2,404,044,000 | 2,404,044,000 | ||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 5,648 and 3,468, respectively | 17,482,000 | 17,482,000 | ||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 9,771 shares at june 30, 2018 and december 31, 2017 | -106,000 | -106,000 | ||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 13,401 and 12,808, respectively | 2,302,664,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 4,673 and 3,468, respectively | 18,372,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 9,771 shares at march 31, 2018 and december 31, 2017 | -106,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 10,492 and 8,524, respectively | 1,896,989,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,783 and 2,198, respectively | 10,531,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 18,783 shares at september 30, 2017 and december 31, 2016 | -209,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 8,816 and 8,524, respectively | 1,012,106,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,355 and 2,198, respectively | 2,161,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 18,783 and 18,783 shares at march 31, 2017 and december 31, 2016, respectively | -209,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 8,524 and 6,772, respectively | 983,318,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 2,198 and 1,605, respectively | 2,181,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | 8,000,000 | 8,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 18,783 and 27,993 shares at december 31, 2016 and 2015, respectively | -209,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 8,102 and 6,772, respectively | 918,559,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,989 and 1,605, respectively | 2,257,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 27,993 and 27,993 shares at september 30, 2016 and december 31, 2015, respectively | -309,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 7,910 and 6,772, respectively | 920,039,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,861 and 1,605, respectively | 2,264,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 27,993 and 27,993 shares at june 30, 2016 and december 31, 2015, respectively | -309,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 7,372 and 6,772, respectively | 877,978,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,724 and 1,605, respectively | 2,347,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 27,993 and 27,993 shares at march 31, 2016 and december 31, 2015, respectively | -309,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 6,772 and 5,981, respectively | 813,733,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,605 and 1,226, respectively | 2,410,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 27,993 and 36,935 shares at december 31, 2015 and 2014, respectively | -309,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 6,214 and 5,981, respectively | 747,930,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 1,490 and 1,225, respectively | 2,458,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 36,935 shares at september 30, 2015 and december 31, 2014 | -406,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 6,193 and 5,981, respectively | 638,696,000 | |||||||||||||||||||||||||||||||||||||||
intangible assets | 1,110,000 | 1,186,000 | ||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 36,935 shares at june 30, 2015 and december 31, 2014 | -406,000 | |||||||||||||||||||||||||||||||||||||||
loans, net of allowance for loan losses of 6,006 and 5,981, respectively | 609,439,000 | |||||||||||||||||||||||||||||||||||||||
unallocated employee stock ownership plan shares; 36,935 shares at march 31, 2015 and december 31, 2014 | -401,000 |
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 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||
net income | 30,906,000 | 29,070,000 | 24,882,000 | 31,001,000 | 27,202,000 | 24,156,000 | 3,499,000 | 32,621,000 | 33,730,000 | 38,411,000 | 39,897,000 | 43,322,000 | 29,626,000 | 33,470,000 | 36,835,000 | 29,456,000 | 31,787,000 | 22,920,000 | 24,028,000 | 4,134,000 | 27,405,000 | 26,876,000 | 7,407,000 | 8,935,000 | 10,193,000 | 10,388,000 | 3,098,000 | 3,189,000 | 3,376,000 | 3,173,000 | 2,813,000 | 2,573,000 | 2,537,000 | 1,856,000 | 1,824,000 | |||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||
depreciation and amortization of fixed assets and intangibles | 4,658,000 | 4,689,000 | 5,470,000 | 4,660,000 | 4,398,000 | 5,127,000 | 4,586,000 | 4,858,000 | 5,277,000 | 4,764,000 | 4,667,000 | 4,620,000 | 5,003,000 | 4,378,000 | 4,556,000 | 3,655,000 | 3,765,000 | 4,054,000 | 3,769,000 | 4,087,000 | ||||||||||||||||||
net accretion of time deposit premium, debt discount and debt issuance costs | -920,000 | -909,000 | 242,000 | 243,000 | 508,000 | -16,000 | -8,000 | -52,000 | -80,000 | |||||||||||||||||||||||||||||
provision for credit losses on loans and unfunded commitments | 3,250,000 | 5,300,000 | ||||||||||||||||||||||||||||||||||||
accretion of loan discount | -599,000 | -572,000 | -713,000 | -528,000 | -422,000 | -987,000 | -883,000 | -1,014,000 | -1,094,000 | -1,142,000 | -1,213,000 | -1,598,000 | ||||||||||||||||||||||||||
stock-based compensation expense | 2,381,000 | 2,737,000 | 3,188,000 | 3,197,000 | 3,167,000 | 2,889,000 | 3,036,000 | 2,960,000 | 3,167,000 | 2,887,000 | 2,852,000 | 3,115,000 | 2,644,000 | 3,318,000 | 2,666,000 | 2,692,000 | 2,478,000 | 2,078,000 | 1,845,000 | 1,958,000 | 1,429,000 | 934,000 | 17,557,000 | 939,000 | 1,365,000 | 771,000 | 396,000 | 281,000 | 239,000 | 240,000 | 223,000 | 189,000 | 171,000 | 166,000 | 107,000 | |||
excess tax expense from stock compensation | -300,000 | 202,000 | 25,000 | 91,000 | 26,000 | 384,000 | 81,000 | 106,000 | 41,000 | 112,000 | ||||||||||||||||||||||||||||
net amortization of premiums on debt securities | -153,000 | -89,000 | -303,000 | -127,000 | -1,673,000 | 1,191,000 | 210,000 | 207,000 | 833,000 | 885,000 | 1,498,000 | 1,194,000 | 1,205,000 | 811,000 | 716,000 | 818,000 | 730,000 | 737,000 | ||||||||||||||||||||
unrealized loss on equity securities recognized in earnings | -31,000 | -168,000 | 325,000 | -356,000 | 42,000 | 105,000 | -440,000 | 304,000 | 157,000 | -126,000 | -53,000 | 430,000 | 356,000 | 513,000 | 199,000 | |||||||||||||||||||||||
change in cash surrender value and mortality rates of boli | -624,000 | -100,000 | -548,000 | -543,000 | 1,126,000 | -526,000 | 34,000 | -492,000 | 587,000 | -466,000 | -466,000 | 67,000 | -456,000 | -447,000 | -477,000 | |||||||||||||||||||||||
loss on sales of afs debt securities | ||||||||||||||||||||||||||||||||||||||
change in fair value of government guaranteed loans using fair value option | 154,000 | 2,920,000 | -4,461,000 | 2,093,000 | -687,000 | 49,000 | -2,411,000 | -1,390,000 | 1,623,000 | -2,239,000 | -428,000 | -853,000 | 588,000 | -379,000 | -2,244,000 | 1,333,000 | -917,000 | 676,000 | ||||||||||||||||||||
gain on sales of mortgage lhfs | -60,000 | -40,000 | -65,000 | -37,000 | -37,000 | -10,000 | -10,000 | -21,000 | -40,000 | -6,000 | ||||||||||||||||||||||||||||
gain on sales of government guaranteed loans | -1,843,000 | -6,220,000 | -907,000 | -1,552,000 | -1,401,000 | -3,211,000 | -1,972,000 | 2,005,000 | -8,149,000 | -7,449,000 | -7,380,000 | -181,000 | -1,266,000 | -4,161,000 | -859,000 | -2,638,000 | ||||||||||||||||||||||
servicing asset impairment | ||||||||||||||||||||||||||||||||||||||
originations of lhfs | -25,397,000 | -23,170,000 | -45,418,000 | -3,587,000 | -16,261,000 | -7,842,000 | -39,746,000 | -12,752,000 | -14,741,000 | -25,136,000 | ||||||||||||||||||||||||||||
proceeds from sales of lhfs | 26,792,000 | 44,526,000 | 9,544,000 | 10,713,000 | 15,382,000 | 24,148,000 | 16,272,000 | 2,865,000 | 28,753,000 | 5,520,000 | ||||||||||||||||||||||||||||
write-down of oreo | ||||||||||||||||||||||||||||||||||||||
net change in other assets | 5,236,000 | 22,913,000 | ||||||||||||||||||||||||||||||||||||
net change in accounts payable and other liabilities | -19,225,000 | -37,372,000 | ||||||||||||||||||||||||||||||||||||
net cash from operating activities | 27,395,000 | 43,577,000 | -6,630,000 | 57,449,000 | 41,291,000 | 44,269,000 | 6,019,000 | 39,751,000 | 63,778,000 | 34,539,000 | 43,338,000 | 50,147,000 | 31,023,000 | 68,218,000 | 3,444,000 | 42,857,000 | 63,970,000 | 83,220,000 | 13,764,000 | 26,285,000 | 27,871,000 | 39,730,000 | -75,398,040 | 35,470,000 | 22,156,000 | 17,876,000 | 12,046,000 | 13,526,000 | 13,269,000 | 14,964,000 | 2,169,000 | 4,380,000 | 1,635,000 | 2,501,000 | 1,570,000 | 7,830,000 | -1,782,000 | 8,430,000 |
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 |
free cash flows | 27,395,000 | 43,577,000 | -6,630,000 | 57,449,000 | 41,291,000 | 44,269,000 | 6,019,000 | 39,751,000 | 63,778,000 | 34,539,000 | 43,338,000 | 50,147,000 | 31,023,000 | 68,218,000 | 3,444,000 | 42,857,000 | 63,970,000 | 83,220,000 | 13,764,000 | 26,285,000 | 27,871,000 | 39,730,000 | -75,398,040 | 35,470,000 | 22,156,000 | 17,876,000 | 12,046,000 | 13,526,000 | 13,269,000 | 14,964,000 | 2,169,000 | 4,380,000 | 1,635,000 | 2,501,000 | 1,570,000 | 7,830,000 | -1,782,000 | 8,430,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||
purchases of afs debt securities | -257,914,000 | -264,798,000 | -1,048,869,000 | -222,567,000 | -185,669,000 | -229,936,000 | -937,904,000 | -249,965,000 | -39,686,000 | -149,982,000 | 0 | -19,921,000 | -166,188,000 | -266,490,000 | ||||||||||||||||||||||||
proceeds from sales of afs debt securities | 179,052,000 | 0 | 0 | 113,794,000 | 0 | 0 | 0 | 109,793,000 | ||||||||||||||||||||||||||||||
proceeds from maturities, calls and pay downs of afs debt securities | 298,524,000 | 297,653,000 | 794,887,000 | 187,465,000 | 177,062,000 | 18,201,000 | 784,554,000 | 313,709,000 | 22,345,000 | 175,289,000 | 23,500,000 | 25,653,000 | 20,650,000 | 33,880,000 | ||||||||||||||||||||||||
maturity, calls and paydowns of htm debt securities | 1,941,000 | 4,894,000 | 1,150,000 | 1,094,000 | 1,366,000 | 1,089,000 | 1,307,000 | 800,000 | 1,565,000 | 1,493,000 | 25,000 | |||||||||||||||||||||||||||
net change in other investments | -4,503,000 | 354,000 | ||||||||||||||||||||||||||||||||||||
net change in loans | -58,334,000 | 74,763,000 | ||||||||||||||||||||||||||||||||||||
proceeds from sale of government guaranteed loans | 1,725,000 | 22,299,000 | 6,522,000 | 11,708,000 | 4,811,000 | 14,409,000 | 8,826,000 | 3,138,000 | 132,680,000 | -52,868,000 | 59,975,000 | 1,723,000 | 27,131,000 | 4,910,000 | 1,120,000 | |||||||||||||||||||||||
net disposals to premises and equipment | ||||||||||||||||||||||||||||||||||||||
proceeds from sales of oreo and repossessed assets | 15,394,000 | 59,000 | ||||||||||||||||||||||||||||||||||||
net cash from investing activities | -8,320,000 | 134,702,000 | 53,623,000 | 90,414,000 | -87,628,000 | -237,123,000 | -122,401,000 | 183,168,000 | -41,762,000 | -66,508,000 | -428,605,000 | -397,280,000 | -1,008,709,000 | -564,784,000 | 2,347,000 | -382,956,000 | -207,473,000 | -228,307,000 | -4,337,000 | -141,609,000 | -325,479,000 | -403,130,000 | 40,759,661 | 32,087,000 | -27,739,000 | -118,475,000 | -144,225,000 | -65,994,000 | -83,132,000 | -2,491,000 | -48,410,000 | -69,283,000 | -81,368,000 | -6,652,000 | -37,324,000 | -20,629,000 | ||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||
net increase in deposits | -246,110,000 | -86,387,000 | -282,314,000 | 312,273,000 | 72,117,000 | 316,719,000 | 142,785,000 | 962,617,000 | 199,185,000 | -88,484,000 | 374,799,000 | 230,747,000 | 628,120,000 | 525,987,000 | 199,899,000 | 74,331,000 | 391,799,000 | |||||||||||||||||||||
net increase in advances from fhlb | -1,125,000,000 | -355,000,000 | 505,000,000 | 25,000,000 | 151,358,000 | 220,856,000 | 224,000 | -39,000 | -39,000 | -39,000 | ||||||||||||||||||||||||||||
payments to tax authorities for stock-based compensation | -2,356,000 | -1,869,000 | -399,000 | -612,000 | -315,000 | -1,260,000 | -99,000 | -226,000 | -56,000 | -1,926,000 | -297,000 | -74,000 | -155,000 | -2,837,000 | -96,000 | -82,000 | -468,000 | 7,000 | -184,000 | -3,606,000 | -6,000 | -4,000 | -1,279,000 | -56,000 | -121,000 | -324,000 | ||||||||||||
proceeds from exercise of employee stock options | 154,000 | 12,000 | 1,030,000 | 121,000 | 38,000 | 231,000 | 534,000 | 581,000 | -40,000 | 521,000 | 98,000 | 552,000 | 670,000 | 2,879,000 | 0 | 646,000 | 3,422,000 | 998,000 | 520,000 | 873,000 | 0 | 0 | ||||||||||||||||
purchase of treasury stock | -7,053,000 | -9,516,000 | 0 | -40,000 | -11,435,000 | 0 | -4,074,000 | 0 | 0 | -49,557,000 | -28,972,000 | -22,083,000 | -7,732,000 | |||||||||||||||||||||||||
redemption of subordinated notes | 0 | -75,000,000 | ||||||||||||||||||||||||||||||||||||
dividends paid | -11,935,000 | -10,929,000 | -10,900,000 | -10,881,000 | -10,900,000 | -10,899,000 | -10,770,000 | -10,861,000 | -10,850,000 | -10,837,000 | -10,793,000 | -10,791,000 | -10,792,000 | -9,913,000 | -9,906,000 | -8,413,000 | -8,358,000 | -8,558,000 | -8,563,000 | -8,728,000 | -6,713,000 | -6,783,000 | -6,816,000 | |||||||||||||||
net cash from financing activities | -98,300,000 | -183,689,000 | -292,583,000 | 301,090,000 | -42,595,000 | 304,560,000 | 32,037,000 | -173,432,000 | -166,490,000 | 404,287,000 | 387,447,000 | 370,314,000 | 836,829,000 | 668,355,000 | 144,281,000 | 179,784,000 | 65,501,000 | 382,291,000 | 92,631,000 | 83,785,000 | 27,072,000 | 542,692,000 | -133,337,520 | -80,787,000 | 89,857,000 | 124,377,000 | 130,743,000 | 56,495,000 | 177,106,000 | 101,974,000 | 137,167,000 | 49,454,000 | 81,636,000 | 87,614,000 | 27,840,000 | 59,062,000 | 16,831,000 | 4,492,000 |
net change in cash and cash equivalents | -79,225,000 | -5,410,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 855,200,000 | 0 | 0 | 629,063,000 | 0 | 0 | 436,077,000 | 0 | 0 | 379,784,000 | 0 | 0 | 230,825,000 | 0 | 0 | 251,550,000 | 0 | 0 | 84,449,000 | 0 | 0 | 149,044,000 | |||||||||||||||
cash and cash equivalents at end of period | -79,225,000 | 849,790,000 | 448,953,000 | -88,932,000 | 740,769,000 | 49,487,000 | -144,474,000 | 808,395,000 | 23,181,000 | -140,857,000 | 551,573,000 | -160,315,000 | -78,002,000 | 468,029,000 | -31,539,000 | -270,536,000 | 430,842,000 | -13,230,000 | -73,651,000 | 339,473,000 | 115,050,000 | -48,454,000 | 195,194,000 | |||||||||||||||
servicing asset recoveries | -140,000 | -122,000 | -57,000 | -222,000 | ||||||||||||||||||||||||||||||||||
net additions to premises and equipment | -522,000 | -1,389,000 | ||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||
provision for credit losses and unfunded commitments | 1,900,000 | 4,000,000 | 8,250,000 | 5,959,000 | 8,000,000 | 7,718,000 | 13,871,000 | 10,882,000 | 11,277,000 | 7,500,000 | ||||||||||||||||||||||||||||
accretion of loan discounts | ||||||||||||||||||||||||||||||||||||||
deferred tax benefit | ||||||||||||||||||||||||||||||||||||||
net loss on sales of debt securities | ||||||||||||||||||||||||||||||||||||||
servicing asset (recoveries) impairment | -512,000 | |||||||||||||||||||||||||||||||||||||
equity method investment loss | 0 | 136,000 | -485,000 | 1,521,000 | ||||||||||||||||||||||||||||||||||
impairment on equity method investment | ||||||||||||||||||||||||||||||||||||||
increase in other assets | -28,045,000 | -9,687,000 | -21,721,000 | |||||||||||||||||||||||||||||||||||
increase in accounts payable and other liabilities | 46,736,000 | -12,719,000 | -5,835,000 | -17,812,000 | 390,000 | 28,959,000 | 3,645,000 | 3,975,000 | 7,661,000 | 20,639,000 | -13,572,000 | 34,729,000 | 16,068,000 | 4,259,000 | -8,437,000 | |||||||||||||||||||||||
investing activities: | ||||||||||||||||||||||||||||||||||||||
purchases of htm debt securities | -4,010,000 | 0 | -5,818,000 | -6,574,000 | -5,068,000 | |||||||||||||||||||||||||||||||||
maturity, calls and paydowns on htm debt securities | ||||||||||||||||||||||||||||||||||||||
sales (purchases) of other investments | ||||||||||||||||||||||||||||||||||||||
sales of securities under agreements to resell | ||||||||||||||||||||||||||||||||||||||
net loans originated | 125,203,000 | 122,482,000 | -84,657,000 | -153,534,000 | 17,079,000 | 58,832,000 | -157,297,000 | -134,513,000 | -505,249,000 | -485,981,000 | -869,983,000 | -332,290,000 | -247,813,000 | -160,283,000 | -184,586,000 | -206,311,000 | -345,274,000 | -291,262,000 | 30,628,000 | -140,662,000 | 6,244,000 | -23,057,000 | -78,534,000 | -115,464,000 | -38,008,000 | -85,086,000 | 1,751,000 | -42,177,000 | -64,672,000 | -65,825,000 | -20,677,000 | -29,394,000 | -12,716,000 | |||||
financing activities: | ||||||||||||||||||||||||||||||||||||||
proceeds from fhlb advances | ||||||||||||||||||||||||||||||||||||||
repayments of fhlb advances | ||||||||||||||||||||||||||||||||||||||
net change in securities sold under agreement to repurchase | -2,389,000 | -886,000 | -1,721,000 | 927,000 | 644,000 | -966,000 | 552,000 | 256,000 | -654,000 | 73,000 | -24,000 | 33,000 | -448,000 | |||||||||||||||||||||||||
net proceeds on sale of common stock in public offering | 546,000 | 0 | 0 | 153,869,000 | ||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -245,590,000 | 448,953,000 | -88,932,000 | 111,706,000 | -84,345,000 | 49,487,000 | -144,474,000 | 372,318,000 | 2,180,000 | 23,181,000 | -140,857,000 | 171,789,000 | -160,315,000 | -78,002,000 | 237,204,000 | -31,539,000 | -270,536,000 | 179,292,000 | -13,230,000 | -73,651,000 | 255,024,000 | 46,150,000 | 50,944,000 | 56,204,000 | 51,343,000 | 34,861,000 | 20,832,000 | -51,958,000 | ||||||||||
cash and cash equivalents at beginning of year | 234,791,000 | 0 | 0 | 0 | 71,551,000 | 0 | 0 | 0 | 93,251,000 | |||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 285,735,000 | 56,204,000 | 51,343,000 | 34,861,000 | 92,383,000 | -51,958,000 | 60,240,000 | -22,275,000 | 85,544,000 | |||||||||||||||||||||||||||||
net amortization of time deposit premium, debt discount and debt issuance costs | -855,000 | -842,000 | -843,000 | 244,000 | 238,000 | 240,000 | ||||||||||||||||||||||||||||||||
loss on sales of debt securities | 0 | 0 | 6,304,000 | 0 | 0 | 5,321,000 | ||||||||||||||||||||||||||||||||
decrease in other assets | 22,305,000 | 9,019,000 | 4,845,000 | -3,119,000 | -13,345,000 | -25,619,000 | ||||||||||||||||||||||||||||||||
proceeds of other investments | ||||||||||||||||||||||||||||||||||||||
net (disposals) additions to premises and equipment | -10,188,000 | -1,130,000 | -768,000 | |||||||||||||||||||||||||||||||||||
net (decrease) in advances from fhlb | ||||||||||||||||||||||||||||||||||||||
proceeds (purchases) of other investments | ||||||||||||||||||||||||||||||||||||||
purchases of other investments | -655,000 | -1,430,000 | -15,045,000 | -6,846,000 | -12,257,000 | -16,199,000 | -91,000 | -620,000 | -269,000 | -233,000 | 6,673,000 | 8,562,000 | -28,712,000 | |||||||||||||||||||||||||
deferred tax expense | ||||||||||||||||||||||||||||||||||||||
loss on sales of oreo | ||||||||||||||||||||||||||||||||||||||
termination of derivatives designated as hedging instruments | 0 | 0 | 43,900,000 | |||||||||||||||||||||||||||||||||||
net cash paid for acquisitions | ||||||||||||||||||||||||||||||||||||||
purchases of equity method securities | ||||||||||||||||||||||||||||||||||||||
sales (purchases) of securities under agreements to resell | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from sales of premises and equipment | ||||||||||||||||||||||||||||||||||||||
redemption of subordinated debt | 0 | 0 | -5,000,000 | |||||||||||||||||||||||||||||||||||
proceeds from exercise of stock warrants | 0 | 0 | 109,000 | |||||||||||||||||||||||||||||||||||
servicing asset (recoveries), net impairment | ||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity securities | 1,857,000 | 1,470,000 | ||||||||||||||||||||||||||||||||||||
net additions (disposals) to premises and equipment | 319,000 | 18,000 | ||||||||||||||||||||||||||||||||||||
net impairment of servicing asset | -424,000 | 491,000 | -551,000 | |||||||||||||||||||||||||||||||||||
excess tax benefit from stock compensation | 26,000 | -7,000 | -83,000 | -992,000 | -53,000 | -115,000 | -154,000 | -35,000 | -1,388,000 | 119,000 | 0 | -25,000 | -12,000 | -72,000 | -84,000 | -172,000 | ||||||||||||||||||||||
gain on sale of premises and equipment | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of subordinated notes, net of debt issuance costs paid | ||||||||||||||||||||||||||||||||||||||
gain on sales of mortgage loans held for sale | -16,000 | -223,000 | -307,000 | -407,000 | -474,000 | -591,000 | 142,000 | |||||||||||||||||||||||||||||||
originations of loans held for sale | -16,784,000 | -17,434,000 | -12,613,000 | -28,385,000 | -46,667,000 | -1,096,000 | -45,326,000 | -40,530,000 | -11,634,000 | -20,470,000 | ||||||||||||||||||||||||||||
proceeds from sales of loans held for sale | 13,112,000 | 22,822,000 | 21,293,000 | 23,613,000 | 55,805,000 | 4,070,000 | 61,908,000 | 28,897,000 | 10,689,000 | 8,423,000 | 10,794,000 | 9,709,000 | 8,201,000 | 10,006,000 | 10,136,000 | 11,395,000 | 20,093,000 | 20,885,000 | 18,813,000 | 10,010,000 | 5,275,000 | 14,488,000 | 9,907,000 | 16,674,000 | ||||||||||||||
equity method investment income | 1,058,000 | -966,000 | -367,000 | |||||||||||||||||||||||||||||||||||
net additions to bank premises, furniture and equipment | -896,000 | -1,130,000 | -1,325,000 | -10,081,000 | -661,000 | -1,343,000 | ||||||||||||||||||||||||||||||||
benefit for credit losses | -7,000 | |||||||||||||||||||||||||||||||||||||
net impairment (recovery) of servicing asset | 280,000 | |||||||||||||||||||||||||||||||||||||
unrealized gain on equity securities recognized in earnings | 84,000 | -299,000 | -462,000 | 249,000 | ||||||||||||||||||||||||||||||||||
net gain on sales of debt securities | ||||||||||||||||||||||||||||||||||||||
loss on sale of other real estate owned | -126,000 | |||||||||||||||||||||||||||||||||||||
gain on sale of bank premises, furniture and equipment | 0 | |||||||||||||||||||||||||||||||||||||
writedown of other real estate owned | ||||||||||||||||||||||||||||||||||||||
decrease (increase) in other assets | -2,810,000 | 15,830,000 | 10,554,000 | |||||||||||||||||||||||||||||||||||
purchases of available for sale debt securities | -31,581,000 | -71,980,000 | -79,816,000 | |||||||||||||||||||||||||||||||||||
proceeds from sales of available for sale debt securities | ||||||||||||||||||||||||||||||||||||||
proceeds from maturities, calls and pay downs of available for sale debt securities | 39,522,000 | 48,259,000 | 40,102,000 | |||||||||||||||||||||||||||||||||||
purchases of held to maturity debt securities | -7,254,000 | -15,542,000 | -4,335,000 | |||||||||||||||||||||||||||||||||||
maturity, calls and paydowns of held to maturity debt securities | 543,000 | 731,000 | 1,222,000 | |||||||||||||||||||||||||||||||||||
purchases of equity method investments | ||||||||||||||||||||||||||||||||||||||
purchases of securities under agreements to resell | ||||||||||||||||||||||||||||||||||||||
proceeds from sales of bank premises, furniture and equipment | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from sales of other real estate owned | 2,047,000 | 0 | 0 | 291,000 | 0 | 76,000 | 0 | 48,000 | ||||||||||||||||||||||||||||||
benefit from credit losses | 577,000 | -570,000 | 31,776,000 | |||||||||||||||||||||||||||||||||||
accretion of loan purchase discount | -1,536,000 | -1,911,000 | -3,953,000 | -3,134,000 | -4,320,000 | -7,232,000 | -6,493,000 | -6,516,000 | -3,938,000 | -1,121,000 | -1,823,000 | -55,000 | -62,000 | -120,000 | -159,000 | -84,000 | -75,000 | -60,000 | -11,000 | -48,000 | ||||||||||||||||||
write-down of other real estate owned | ||||||||||||||||||||||||||||||||||||||
change in cash surrender value and mortality rates of bank-owned life insurance | -463,000 | |||||||||||||||||||||||||||||||||||||
(gain) loss on sales of mortgage loans held for sale | -507,000 | |||||||||||||||||||||||||||||||||||||
net recovery on servicing asset | -128,000 | |||||||||||||||||||||||||||||||||||||
net accretion of time deposit premium, debt discount, and debt issuance costs | ||||||||||||||||||||||||||||||||||||||
benefit from credit losses and unfunded commitments | 10,139,000 | |||||||||||||||||||||||||||||||||||||
compensation expense, liability-classified awards | ||||||||||||||||||||||||||||||||||||||
excess tax (benefit) expense from stock compensation | ||||||||||||||||||||||||||||||||||||||
net (gain) loss on sales of investment securities | 8,000 | |||||||||||||||||||||||||||||||||||||
net income on sale of branches | ||||||||||||||||||||||||||||||||||||||
increase in accounts payable and other liabilities and accrued interest payable | -1,006,000 | -2,325,000 | 13,031,000 | |||||||||||||||||||||||||||||||||||
cash received in excess of cash paid for the acquisition of green | 0 | 0 | 112,710,000 | |||||||||||||||||||||||||||||||||||
cash settlement for sale of held for sale branches | 0 | |||||||||||||||||||||||||||||||||||||
purchases of securities available for sale | -170,259,000 | -120,783,000 | -200,682,000 | -33,096,000 | -230,223,000 | -146,134,000 | -15,600,000 | -19,406,000 | -54,999,000 | -40,355,000 | -322,767,000 | -7,714,000 | -8,478,000 | -18,228,000 | -318,088,000 | -2,805,000 | -8,998,000 | -14,922,000 | ||||||||||||||||||||
proceeds from sales of securities available for sale | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from maturities, calls and pay downs of available for sale securities | 191,621,000 | 38,782,000 | 107,743,000 | |||||||||||||||||||||||||||||||||||
purchases of securities held to maturity | 0 | |||||||||||||||||||||||||||||||||||||
maturity, calls and paydowns of securities held to maturity | 922,000 | 769,000 | 57,000 | 35,000 | ||||||||||||||||||||||||||||||||||
proceeds from sale of small business administration (“sba”) loans | 35,020,000 | |||||||||||||||||||||||||||||||||||||
net change in deposits | 97,118,000 | 325,865,000 | -93,983,000 | -286,032,000 | -141,789,000 | 214,816,000 | 165,836,000 | -3,375,000 | 215,466,000 | 102,066,000 | 42,413,000 | 49,488,000 | 81,671,000 | 77,648,000 | 25,803,000 | 72,075,000 | 4,851,000 | 29,512,000 | ||||||||||||||||||||
net change in advances from federal home loan bank | -5,038,000 | -290,038,000 | 699,962,000 | 239,962,000 | 259,963,000 | -75,037,000 | -35,037,000 | |||||||||||||||||||||||||||||||
net accretion of time deposit premium, debt discount, net and debt issuance costs | -386,000 | -588,000 | ||||||||||||||||||||||||||||||||||||
change in cash surrender value of bank-owned life insurance | -481,000 | -480,000 | -512,000 | -502,000 | -492,000 | -148,000 | -147,000 | -144,000 | -147,000 | -155,000 | -155,000 | -153,000 | -155,000 | -160,000 | -160,000 | -146,000 | -147,000 | |||||||||||||||||||||
change in fair value of other investments | ||||||||||||||||||||||||||||||||||||||
benefit from unfunded commitments | 3,881,000 | |||||||||||||||||||||||||||||||||||||
compensation expense - liability-classified awards | 0 | |||||||||||||||||||||||||||||||||||||
net amortization of premiums on investment securities | 895,000 | 774,000 | 611,000 | 502,000 | 504,000 | 483,000 | 491,000 | 304,000 | 315,000 | 279,000 | 242,000 | 189,000 | 140,000 | 151,000 | 118,000 | 89,000 | ||||||||||||||||||||||
net income on sales of investment securities | ||||||||||||||||||||||||||||||||||||||
change in fair value of held for sale small business administration ("sba") loans using fair value option | -165,000 | -108,000 | -45,000 | -62,000 | ||||||||||||||||||||||||||||||||||
gain on sales of sba loans | 604,000 | -822,000 | -916,000 | -2,195,000 | -97,000 | -246,000 | -358,000 | -510,000 | ||||||||||||||||||||||||||||||
increase in accrued interest receivable and other assets | -13,141,000 | 5,000,000 | -9,661,000 | 3,597,000 | -409,000 | -318,000 | 23,000 | -919,000 | -514,000 | -52,000 | 4,035,000 | -4,240,000 | -460,000 | |||||||||||||||||||||||||
sales of securities available for sale | 0 | 145,532,000 | 108,865,000 | 0 | 812,000 | 30,149,000 | 0 | 0 | 0 | 8,378,000 | -2,499,000 | 2,500,000 | 0 | 3,778,000 | ||||||||||||||||||||||||
proceeds from sale of sba loans | 8,384,000 | 10,590,000 | 12,624,000 | 24,534,000 | 1,491,000 | -22,403,000 | 30,355,000 | 8,559,000 | ||||||||||||||||||||||||||||||
net additions to bank premises and equipment | 1,342,000 | -4,175,000 | 370,000 | -2,590,000 | -1,720,000 | -1,179,000 | -295,000 | -397,000 | -196,000 | -535,000 | -271,000 | -73,000 | -135,000 | -802,000 | -828,000 | -627,000 | ||||||||||||||||||||||
net accretion of time deposit and debt premium | -1,412,000 | -2,147,000 | -2,936,000 | |||||||||||||||||||||||||||||||||||
benefit from loan losses | 9,674,000 | 3,335,000 | 5,012,000 | 3,057,000 | 1,504,000 | 678,000 | 890,000 | 440,000 | 238,000 | 527,000 | 845,000 | 610,000 | 0 | 148,000 | 110,000 | |||||||||||||||||||||||
net gain on sales of investment securities | 0 | 642,000 | 772,000 | -4,000 | -8,000 | 0 | 0 | 0 | -15,000 | |||||||||||||||||||||||||||||
impairment on servicing asset | ||||||||||||||||||||||||||||||||||||||
net originations of loans held for sale | -11,368,000 | -10,128,000 | -6,918,000 | -9,000,000 | -9,396,000 | -9,965,000 | -7,875,000 | -10,562,000 | -6,461,000 | -13,734,000 | -9,397,000 | -10,022,000 | ||||||||||||||||||||||||||
write down on other real estate owned | 0 | 0 | 156,000 | |||||||||||||||||||||||||||||||||||
net gain on sale of branches | 0 | |||||||||||||||||||||||||||||||||||||
increase in accounts payable, accrued expenses and accrued interest payable | ||||||||||||||||||||||||||||||||||||||
proceeds from maturities, calls and pay downs of investment securities | 36,385,000 | 32,074,000 | 21,620,000 | 9,731,000 | 8,515,000 | 6,369,000 | 4,216,000 | 304,351,000 | 4,330,000 | 4,010,000 | 6,686,000 | 305,301,000 | 3,191,000 | 2,730,000 | 2,807,000 | |||||||||||||||||||||||
purchases of non-marketable equity securities | -8,280,000 | -5,574,000 | -12,478,000 | -6,280,000 | -7,074,000 | -9,000 | ||||||||||||||||||||||||||||||||
net change in other borrowings | 0 | 0 | -15,000,000 | |||||||||||||||||||||||||||||||||||
depreciation and amortization | 3,938,000 | 4,006,000 | 1,629,000 | 1,733,000 | 1,986,000 | 386,000 | 322,000 | 325,000 | ||||||||||||||||||||||||||||||
gain on sales of loans held for sale | -143,000 | -113,000 | -173,000 | -170,000 | -223,000 | -237,000 | -970,000 | -1,036,000 | -620,000 | -662,000 | -430,000 | -393,000 | -129,000 | -302,000 | ||||||||||||||||||||||||
decrease in accounts payable, accrued expenses and accrued interest payable | 3,486,000 | -12,156,000 | ||||||||||||||||||||||||||||||||||||
compensation expense - liability classified awards | 708,000 | |||||||||||||||||||||||||||||||||||||
change in fair value of equity securities | 19,000 | |||||||||||||||||||||||||||||||||||||
net cash provided (used) in investing activities | 112,771,000 | |||||||||||||||||||||||||||||||||||||
loss on sales of investment securities | ||||||||||||||||||||||||||||||||||||||
net income on sales of other real estate owned | ||||||||||||||||||||||||||||||||||||||
amortization of subordinated note discount and debt issuance costs | 1,000 | |||||||||||||||||||||||||||||||||||||
decrease (increase) in accrued interest receivable and other assets | -495,000 | -3,082,000 | 4,247,000 | |||||||||||||||||||||||||||||||||||
increase in accounts payable, accrued expenses, accrued interest payable and other liabilities | 2,646,000 | 2,481,000 | -2,625,000 | 7,838,000 | 485,000 | -45,000 | -425,000 | 432,000 | -378,000 | 284,000 | ||||||||||||||||||||||||||||
cash paid in excess of cash received for acquisition of sovereign bancshares, inc. | ||||||||||||||||||||||||||||||||||||||
(purchases) sales of non-marketable equity securities | -323,000 | -1,494,000 | -1,374,000 | |||||||||||||||||||||||||||||||||||
net proceeds from sale of common stock in public offering | ||||||||||||||||||||||||||||||||||||||
redemption of preferred stock - series d | ||||||||||||||||||||||||||||||||||||||
dividends paid on preferred stock - series d | ||||||||||||||||||||||||||||||||||||||
offering costs paid in connection with acquisition | -16,000 | 0 | ||||||||||||||||||||||||||||||||||||
gain on sale of branches | 0 | -355,000 | ||||||||||||||||||||||||||||||||||||
cash settlement for sale of branches | 0 | -33,557,000 | ||||||||||||||||||||||||||||||||||||
purchase of other real estate owned | ||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -22,275,000 | -7,707,000 | ||||||||||||||||||||||||||||||||||||
net decrease in advances from federal home loan bank | -23,036,000 | 9,966,000 | ||||||||||||||||||||||||||||||||||||
depreciation and amortization of intangible assets | 446,000 | |||||||||||||||||||||||||||||||||||||
amortization of subordinated note discount | 2,000 | 7,000 | 0 | 1,000 | 0 | |||||||||||||||||||||||||||||||||
write down on foreclosed assets | 0 | 0 | 50,000 | 64,000 | ||||||||||||||||||||||||||||||||||
net increase in advances from federal home loan bank | -35,000 | -35,000 | -34,000 | -35,000 | 9,966,000 | 12,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||
costs from issuance of stock related to stock-based awards | -41,000 | |||||||||||||||||||||||||||||||||||||
depreciation and amortization of core deposit intangibles | 376,000 | 373,000 | ||||||||||||||||||||||||||||||||||||
amortization of other intangible assets | 38,000 | 21,000 | 1,000 | 1,000 | ||||||||||||||||||||||||||||||||||
net gain on sales of other real estate owned | 0 | -21,000 | 0 | 2,000 | ||||||||||||||||||||||||||||||||||
net cash received in acquisition | 0 | |||||||||||||||||||||||||||||||||||||
sales (purchases) of non-marketable equity securities | -122,000 | 715,000 | -834,000 | 1,003,000 | ||||||||||||||||||||||||||||||||||
purchases of bank-owned life insurance | ||||||||||||||||||||||||||||||||||||||
change in other borrowings | 0 | |||||||||||||||||||||||||||||||||||||
redemption of sblf preferred stock series c | ||||||||||||||||||||||||||||||||||||||
dividends paid on preferred stock | -38,000 | -20,000 | -20,000 | -20,000 | ||||||||||||||||||||||||||||||||||
proceeds from payments on esop loan | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of offering cost of 489 for december 31, 2016 and 4,574 for december 31, 2014 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net offering cost of 61 for the year ended december 31, 2014 | ||||||||||||||||||||||||||||||||||||||
decrease in accounts payable, accrued expenses, accrued interest payable and other liabilities | ||||||||||||||||||||||||||||||||||||||
issuance of subordinated notes | ||||||||||||||||||||||||||||||||||||||
purchase of common stock held in treasury | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in initial public offering, net of offering cost of 4,574 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net offering cost of 61 | ||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||
cash paid for interest | 931,000 | 791,000 | 775,000 | |||||||||||||||||||||||||||||||||||
cash paid for income taxes | 800,000 | 2,000,000 | 100,000 | |||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash flow information: | ||||||||||||||||||||||||||||||||||||||
sale and finance of stock to esop | ||||||||||||||||||||||||||||||||||||||
issuance of stock to esop | 0 | |||||||||||||||||||||||||||||||||||||
net issuance of common stock for vesting of restricted stock units to cover withholding | 4,000 | 0 | 96,000 | |||||||||||||||||||||||||||||||||||
net foreclosure of other real estate owned | 0 | 0 | 493,000 |