As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Cash and due from banks 50,902 66,368 68,571 107,007 165,572
Deposits in other financial institutions (restricted cash) NA 0 16,991 28,345 91,008
Federal funds sold and FRB deposits 101,580 109,286 195,057 231,981 339,223
Cash and cash equivalents 152,482 175,654 280,619 367,333 595,803
Trading securities, at fair value 2,107 12,383 6,777 1,737 0
Available for sale debt securities, at fair value 604,739 740,702 1,060,143 1,727,348 1,701,396
Held to maturity debt securities 272,840 250,543 232,399 216,833 214,240
Loans held for sale 1,529 2,285 19,647 40,399 49,474
Loans, excluding purchased credit impaired 2,383,248 3,243,823 4,609,063 8,181,533 8,199,939
Purchased credit impaired loans 210,528 185,924 164,158 158,971 149,456
Allowance for loan losses (22,264) (27,041) (32,825) (39,770) (40,052)
Net Loans 2,571,512 3,402,706 4,740,396 8,300,734 8,309,343
Bank premises and equipment, net 101,821 114,815 141,886 227,454 227,182
Right-of-use lease assets NA NA NA 0 21,443
Accrued interest receivable 10,286 12,112 18,628 33,143 35,336
FHLB, FRB and other stock, at cost 14,041 17,669 34,876 79,584 73,475
Goodwill 76,739 106,028 257,683 802,880 802,880
Core deposit intangible, net 12,164 15,510 24,063 66,225 63,511
Trust intangible, net 837 NA NA NA NA
Other intangible assets, net NA 784 551 2,953 2,996
Bank owned life insurance 85,890 98,424 146,739 267,820 269,144
Other repossessed real estate owned 11,196 7,090 3,987 2,909 5,981
FDIC indemnification asset 25,795 NA NA NA NA
Deferred income tax asset, net 46,220 63,208 37,725 51,462 38,030
Bank property held for sale 1,665 8,599 11,354 25,080 19,483
Interest rate swap derivatives, at fair value 18,619 31,817 42,480 92,475 130,122
Prepaid expense and other assets 12,235 18,230 64,022 31,219 27,798
TOTAL ASSETS 4,022,717 5,078,559 7,123,975 12,337,588 12,587,637

LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits

Interest bearing 2,082,040 2,725,920 NA NA NA
Demand - non-interest bearing 1,133,138 1,426,624 1,999,901 2,923,640 3,152,251
Demand - interest bearing NA NA 1,058,985 1,811,006 1,813,028
Savings and money market accounts NA NA 1,668,954 2,920,730 2,860,616
Time deposits NA NA 832,683 1,821,960 1,921,130
Total deposits 3,215,178 4,152,544 5,560,523 9,477,336 9,747,025
Securities sold under agreement to repurchase 27,472 28,427 52,080 57,772 59,031
Federal funds purchased 200,250 261,986 331,490 294,360 303,017
Other borrowed funds 25,000 0 175,000 361,000 211,000
Corporate debentures 24,093 25,958 26,192 32,415 32,503
Accrued interest payable 218 851 1,169 2,627 3,224
Interest rate swap derivatives, at fair value 19,822 32,691 43,259 92,892 130,790
Operating and finance lease liabilities NA NA NA 0 26,050
Payables and accrued expenses 20,170 23,645 29,512 47,842 47,445
Total liabilities 3,532,203 4,526,102 6,219,225 10,366,244 10,560,085
Stockholders' equity 455 482 602 957 959
Additional paid-in capital 393,191 430,459 737,905 1,699,031 1,701,047
Retained earnings 95,430 130,090 173,248 293,777 326,409
Accumulated other comprehensive loss 1,438 (8,574) (7,005) (22,421) (863)
Total stockholders' equity 490,514 552,457 904,750 1,971,344 2,027,552
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 4,022,717 5,078,559 7,123,975 12,337,588 12,587,637
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.
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