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Balance Sheet

Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 22,760 21,875 20,117 16,769 15,051
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 504,114 369,717 367,582 423,741 142,573
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 526,874 391,592 387,699 440,510 157,624
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 775,662 1,992,500 2,575,469 2,381,488 833,596
Held to Maturity Securities 0 0 0 884,234 962,203
Other Securities 71,679 68,094 75,654 67,842 59,069
Total Cash & Securities 1,374,215 2,452,186 3,038,822 3,774,074 2,012,492
Gross Loans Held for Investment 6,383,259 7,700,873 6,659,407 6,034,752 5,184,394
Loan Loss Reserve 62,927 62,192 49,333 40,444 35,533
Loans Held for Sale, before Reserves 23,936 8,116 67,069 298,018 293,264
Total Net Loans 6,344,268 7,646,797 6,677,143 6,292,326 5,442,125
Real Estate Owned and Held for Investment 27,039 29,660 50,622 28,141 5,108
Goodwill 37,144 37,144 37,144 37,144 NA
Core Deposit Intangibles 4,605 6,346 9,353 13,248 17,965
Other Intangibles 1,187 1,658 0 369 1,193
Intangible Assets other than Goodwill 5,792 8,004 9,353 13,617 19,158
Total Intangible Assets 42,936 45,148 46,497 50,761 NA
Loan Servicing Rights 1,219 1,770 31,852 38,440 NA
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights NA NA 1,856 1,496 788
Total Servicing Rights NA NA 33,708 39,936 NA
Fixed Assets 152,886 129,394 135,699 140,917 NA
Interest Receivable 27,598 38,807 35,355 36,382 22,800
Prepaid Expense 14,089 14,848 15,571 6,629 5,234
Bank-owned Life Insurance 108,720 107,027 104,851 102,512 100,171
Other Assets 532,367 164,430 189,584 558,175 627,679
Total Other Assets 835,660 454,506 481,060 844,615 755,884
Total Assets 8,625,337 10,630,067 10,327,852 11,029,853 8,235,555
Memo: Consolidated VIE Assets 0 0 0 0 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 5,770,058 7,916,644 7,292,903 9,142,150 6,303,085
FHLB Borrowings 1,650,000 1,520,000 1,695,000 490,000 930,000
Senior Debt 1,848,549 1,693,174 1,867,941 730,641 1,184,332
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 0 0 0 2,659 7,544
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 1,848,549 1,693,174 1,867,941 733,300 1,191,876
Total Other Liabilities 105,742 74,715 154,700 174,164 88,189
Total Liabilities 7,724,349 9,684,533 9,315,544 10,049,614 7,583,150
Memo: Consolidated VIE Liabilities 0 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 189,825 231,128 269,071 269,071 190,750
Total Preferred Equity 189,825 231,128 269,071 269,071 190,750
Common Equity 711,163 714,406 743,237 711,168 461,655
Equity Attributable to Parent Company 900,988 945,534 1,012,308 980,239 652,405
Noncontrolling Interests 0 0 0 0 0
Total Equity 900,988 945,534 1,012,308 980,239 652,405
Net Unrealized Gain (9,571) (24,117) 5,227 (9,042) (2,995)
Tot Acc Other Comprehensive Inc (9,571) (24,117) 5,227 (9,042) (2,995)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 74.01 72.44 64.48 54.71 62.95
Loans/ Deposits 110.63 97.27 91.31 66.01 82.25
Loan Loss Reserves/ Gross Loans 0.98 0.81 0.73 0.64 0.65
Reserves/ Loans Held For Investment 0.99 0.81 0.74 0.67 0.69
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 167,220 204,006 3,944,301 NA NA
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 783,902 1,996,174 2,582,833 2,758,170 1,203,502
Level 3 Assets($000) 37,713 27,036 132,381 139,839 73,985
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 5,553 1,600 1,033 2,116 1,067
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 693 736 730 1,787 1,695
Annualized Growth Rates (%)
Asset Growth (25.14) 2.93 (6.36) 33.93 37.92
Gross Loans HFI Growth (22.81) 15.64 10.35 16.40 31.28
Deposit Growth (36.15) 8.55 (20.23) 45.04 34.92
Average Balances ($000)
Avg Gross Loans HFI 7,183,761 7,051,843 6,120,803 5,897,912 4,425,911
Avg Loans HFS 99,108 56,757 410,266 735,706 831,084
Average Loans, Gross of Reserves 7,282,869 7,108,600 6,531,069 6,780,826 5,300,237
Avg Securities 1,384,928 2,248,488 2,954,235 2,711,112 776,256
Avg Other Int Earn Assets 342,597 362,927 516,832 380,832 276,823
Avg Secs & Other Int Earn Assets 1,727,525 2,611,415 3,471,067 3,091,944 1,053,079
Avg Interest Earning Assets 9,010,394 9,720,015 10,002,136 9,872,770 6,353,316
Avg Assets 9,530,092 10,224,913 10,534,349 10,335,705 6,619,017
Avg CDs 2,419,158 2,272,093 1,730,652 1,465,679 1,006,493
Avg Other Interest-bearing Deposits 3,493,005 3,963,375 5,120,791 5,044,236 3,286,136
Avg Interest-bearing Deposits 5,912,163 6,235,468 6,851,443 6,509,915 4,292,629
Avg Debt 1,523,643 1,841,284 1,302,619 1,464,882 778,182
Avg Interest-bearing Liabs 7,435,806 8,076,752 8,154,062 7,974,797 5,070,811
Avg Noninterest-bearing Deposits 1,034,697 1,034,937 1,182,667 1,225,656 875,227
Avg Total Deposits 6,946,860 7,270,405 8,034,110 7,735,571 5,167,856
Avg Preferred Equity 225,292 257,428 269,071 267,054 161,288
Avg Common Equity 735,167 737,892 739,924 639,777 451,105
Avg Equity 960,476 995,320 1,008,995 906,831 612,393
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.