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Financial Highlights

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 40,330 28,890 21,875 20,117 16,769
Fed Funds Sold 0 0 0 0 0
Deposits at Financial Institutions 252,160 344,582 369,717 367,582 423,741
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 292,490 373,472 391,592 387,699 440,510
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 1,245,867 912,580 1,992,500 2,575,469 2,381,488
Held to Maturity Securities 0 0 0 0 884,234
Other Securities 44,809 59,420 68,094 75,654 67,842
Total Cash & Securities 1,583,166 1,345,472 2,452,186 3,038,822 3,774,074
Gross Loans Held for Investment 5,678,002 5,951,885 7,700,873 6,659,407 6,034,752
Loan Loss Reserve 90,927 57,649 62,192 49,333 40,444
Loans Held for Sale, before Reserves 1,849 22,642 8,116 67,069 298,018
Total Net Loans 5,588,924 5,916,878 7,646,797 6,677,143 6,292,326
Real Estate Owned and Held for Investment 27,786 29,300 29,660 50,622 28,141
Goodwill 37,144 37,144 37,144 37,144 37,144
Core Deposit Intangibles 2,939 4,151 6,346 9,353 13,248
Other Intangibles 977 1,142 1,658 0 369
Intangible Assets other than Goodwill 3,916 5,293 8,004 9,353 13,617
Total Intangible Assets 41,060 42,437 45,148 46,497 50,761
Loan Servicing Rights 644 1,157 1,770 31,852 38,440
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights NA NA NA 1,856 1,496
Total Servicing Rights NA NA NA 33,708 39,936
Fixed Assets 142,721 150,561 129,394 135,699 140,917
Interest Receivable 32,416 24,523 38,807 35,355 36,382
Prepaid Expense 5,835 12,843 14,848 15,571 6,629
Bank-owned Life Insurance 111,115 109,819 107,027 104,851 102,512
Other Assets 204,439 195,420 164,430 189,584 558,175
Total Other Assets 496,526 493,166 454,506 481,060 844,615
Total Assets 7,738,106 7,828,410 10,630,067 10,327,852 11,029,853
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 6,032,266 5,427,167 7,916,644 7,292,903 9,142,150
FHLB Borrowings 559,482 1,195,000 1,520,000 1,695,000 490,000
Senior Debt 753,043 1,392,113 1,693,174 1,867,941 730,641
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 0 0 0 0 2,659
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 753,043 1,392,113 1,693,174 1,867,941 733,300
Total Other Liabilities 78,543 101,885 74,715 154,700 174,164
Total Liabilities 6,863,852 6,921,165 9,684,533 9,315,544 10,049,614
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 184,878 189,825 231,128 269,071 269,071
Total Preferred Equity 184,878 189,825 231,128 269,071 269,071
Common Equity 689,376 717,420 714,406 743,237 711,168
Equity Attributable to Parent Company 874,254 907,245 945,534 1,012,308 980,239
Noncontrolling Interests 0 0 0 0 0
Total Equity 874,254 907,245 945,534 1,012,308 980,239
Net Unrealized Gain 1,266 (11,900) (24,117) 5,227 (9,042)
Tot Acc Other Comprehensive Inc 1,266 (11,900) (24,117) 5,227 (9,042)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 73.38 76.03 72.44 64.48 54.71
Loans/ Deposits 94.13 109.67 97.27 91.31 66.01
Loan Loss Reserves/ Gross Loans 1.60 0.96 0.81 0.73 0.64
Reserves/ Loans Held For Investment 1.60 0.97 0.81 0.74 0.67
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 144,728 150,622 204,006 3,944,301 NA
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 1,254,541 919,572 1,996,174 2,582,833 2,758,170
Level 3 Assets($000) 23,578 41,188 27,036 132,381 139,839
Level 1 Liabilities($000) 0 0 0 0 0
Level 2 Liabilities($000) 8,763 3,853 1,600 1,033 2,116
Level 3 Liabilities($000) 0 0 0 0 0
FTE Employees(actual) 613 656 736 730 1,787
Annualized Growth Rates (%)
Asset Growth (1.54) (26.36) 2.93 (6.36) 33.93
Gross Loans HFI Growth (6.14) (22.71) 15.64 10.35 16.40
Deposit Growth 14.87 (31.45) 8.55 (20.23) 45.04
Average Balances ($000)
Avg Gross Loans HFI 5,652,897 6,935,209 7,051,843 6,120,803 5,897,912
Avg Loans HFS 20,591 80,074 56,757 410,266 735,706
Average Loans, Gross of Reserves 5,673,488 7,015,283 7,108,600 6,531,069 6,780,826
Avg Securities 1,069,668 1,245,995 2,248,488 2,954,235 2,711,112
Avg Other Int Earn Assets 393,495 339,661 362,927 516,832 380,832
Avg Secs & Other Int Earn Assets 1,463,163 1,585,656 2,611,415 3,471,067 3,091,944
Avg Interest Earning Assets 7,136,651 8,600,939 9,720,015 10,002,136 9,872,770
Avg Assets 7,663,504 9,132,980 10,224,913 10,534,349 10,335,705
Avg CDs 1,132,058 2,145,363 2,272,093 1,730,652 1,465,679
Avg Other Interest-bearing Deposits 3,260,774 3,437,140 3,963,375 5,120,791 5,044,236
Avg Interest-bearing Deposits 4,392,832 5,582,503 6,235,468 6,851,443 6,509,915
Avg Debt 996,109 1,441,259 1,841,284 1,302,619 1,464,882
Avg Interest-bearing Liabs 5,388,941 7,023,762 8,076,752 8,154,062 7,974,797
Avg Noninterest-bearing Deposits 1,280,461 1,053,193 1,034,937 1,182,667 1,225,656
Avg Total Deposits 5,673,293 6,635,696 7,270,405 8,034,110 7,735,571
Avg Preferred Equity 186,663 216,304 257,428 269,071 267,054
Avg Common Equity 691,905 732,142 737,892 739,924 639,777
Avg Equity 878,520 948,446 995,320 1,008,995 906,831
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.