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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 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 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Cash and due from banks 50,902 66,368 68,571 107,007 226,422
Deposits in other financial institutions (restricted cash) NA 0 16,991 28,345 173,530
Federal funds sold and FRB deposits 101,580 109,286 195,057 231,981 437,386
Cash and cash equivalents 152,482 175,654 280,619 367,333 837,338
Trading securities, at fair value 2,107 12,383 6,777 1,737 651
Available for sale debt securities, at fair value 604,739 740,702 1,060,143 1,727,348 1,792,757
Held to maturity debt securities 272,840 250,543 232,399 216,833 210,756
Loans held for sale 1,529 2,285 19,647 40,399 95,108
Loans, excluding purchased credit impaired 2,383,248 3,243,823 4,609,063 8,181,533 11,555,458
Purchased credit impaired loans 210,528 185,924 164,158 158,971 157,303
Allowance for loan losses (22,264) (27,041) (32,825) (39,770) (40,653)
Net Loans 2,571,512 3,402,706 4,740,396 8,300,734 11,672,108
Bank premises and equipment, net 101,821 114,815 141,886 227,454 289,892
Right-of-use lease assets NA NA NA 0 35,082
Accrued interest receivable 10,286 12,112 18,628 33,143 43,856
FHLB, FRB and other stock, at cost 14,041 17,669 34,876 79,584 75,325
Goodwill 76,739 106,028 257,683 802,880 1,204,417
Core deposit intangible, net 12,164 15,510 24,063 66,225 99,200
Trust intangible, net 837 NA NA NA NA
Other intangible assets, net NA 784 551 2,953 4,620
Bank owned life insurance 85,890 98,424 146,739 267,820 326,689
Other repossessed real estate owned 11,196 7,090 3,987 2,909 5,881
FDIC indemnification asset 25,795 NA NA NA NA
Deferred income tax asset, net 46,220 63,208 37,725 51,462 44,637
Bank property held for sale 1,665 8,599 11,354 25,080 31,679
Interest rate swap derivatives, at fair value 18,619 31,817 42,480 92,475 229,735
Prepaid expense and other assets 12,235 18,230 64,022 31,219 36,866
TOTAL ASSETS 4,022,717 5,078,559 7,123,975 12,337,588 17,036,597

LIABILITIES AND 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 3,990,883
Demand - interest bearing NA NA 1,058,985 1,811,006 2,493,870
Savings and money market accounts NA NA 1,668,954 2,920,730 4,294,149
Time deposits NA NA 832,683 1,821,960 2,433,183
Total deposits 3,215,178 4,152,544 5,560,523 9,477,336 13,212,085
Securities sold under agreement to repurchase 27,472 28,427 52,080 57,772 78,277
Federal funds purchased 200,250 261,986 331,490 294,360 276,963
Other borrowed funds 25,000 0 175,000 361,000 199,727
Corporate debentures 24,093 25,958 26,192 32,415 32,591
Accrued interest payable 218 851 1,169 2,627 4,661
Interest rate swap derivatives, at fair value 19,822 32,691 43,259 92,892 231,735
Operating lease liabilities NA NA NA 0 35,136
Payables and accrued expenses 20,170 23,645 29,512 47,842 74,910
Total liabilities 3,532,203 4,526,102 6,219,225 10,366,244 14,146,085

Common stockholders' equity

Common stock 455 482 602 957 1,290
Additional paid-in capital 393,191 430,459 737,905 1,699,031 2,496,105
Retained earnings 95,430 130,090 173,248 293,777 367,108
Accumulated other comprehensive income (loss) 1,438 (8,574) (7,005) (22,421) 13,874
Total common stockholders' equity 490,514 552,457 904,750 1,971,344 2,878,377
Noncontrolling interest NA NA NA 0 12,135
Total equity NA NA NA 1,971,344 2,890,512
TOTAL LIABILITIES AND EQUITY 4,022,717 5,078,559 7,123,975 12,337,588 17,036,597
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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