First PacTrust Bancorp, Inc.
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Cash Flow StatementBANC OF CALIFORNIA, INC. (NYSE - BANC)  
 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Cash flows from operating activities 
Net income (84)30,20562,072115,41617,201
Adjustments to reconcile net income to net cash used in operating activities 
Provision for loan and lease losses 7,96310,9767,4695,2712,583
Reversal for loan repurchases 2,3832,8082,326(3,352)(325)
Net revenue on mortgage banking activities (67,890)(95,430)(144,685)(167,024)(29,434)
Net gain on sale of loans (8,700)(19,828)(37,211)(35,895)(4,019)
Net amortization of premiums and discounts on securities 1,7427461,6021,206218
Depreciation on premises and equipment 4,2836,8349,15411,6803,324
Amortization of intangibles 2,6514,0795,8364,8511,090
Amortization of debt issuance cost 38568672770442
Stock option compensation expense 582480528531247
Stock award compensation expense 2,3115,8388,59811,3982,604
Change in fair value of converted stock options related to business acquisition 9NANANANA
Stock appreciation right compensation expense 1,0721,8892021842
Bank owned life insurance income (177)(224)(1,076)(2,341)(581)
Impairment on intangible assets 1,06148258690336
Impairment on capitalized software projects NA00595NA
Debt extinguishment costs NA002,737NA
Net gain on sale of securities available-for-sale (331)(1,183)(3,258)(29,405)(3,356)
Net gain on disposal of discontinued operations NANANANA(13,302)
Gain on sale of mortgage servicing rights 0(2,318)0(2)0
Loss (gain) on sale of other real estate owned (464)(66)(23)965
Gain on sale of building 00(9,919)0NA
Gain on sale of branches (12,104)(456)(163)0NA
Gain on sale of subsidiary NA00(3,694)NA
Gain on sale of business unit NA00(2,629)NA
Loss on investments in alternative energy partnerships, net NA0031,5108,682
Deferred income tax expense 7,573(17,157)7,2795,613(8,214)
Loss on sale or disposal of property and equipment 094280122255
Loss from change of fair value and runoff on mortgage servicing rights (298)1,5648,76517,7291,903
Increase in valuation allowances on other real estate owned 973238313
Repurchase of mortgage loans 0(3,343)(19,387)(40,822)(13,630)
Originations of loans held-for-sale from mortgage banking (1,942,622)(2,822,406)(4,388,042)(5,135,046)(935,428)
Originations of other loans held-for-sale (441,969)(1,439,700)(803,936)(614,596)(63,101)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 1,916,7462,838,7714,406,9245,271,093958,529
Proceeds from sales of and principal collected on other loans held-for-sale 107,222923,494882,288615,437127,629
Change in deferred loan fees (248)(1,296)512(1)(708)
Net amortization of premiums and discounts on purchased loans (20,304)(34,776)(30,933)(36,800)(2,070)
Change in accrued interest receivable (5,865)(4,247)(7,687)(14,274)1,331
Change in other assets 4,140(5,875)(15,935)(29,051)(13,875)
Change in accrued interest payable and other liabilities 5,347(8,603)12,35431,881(53,972)
Net cash used in operating activities (435,489)(627,516)(45,243)13,677(15,991)
Cash flows from investing activities 
Proceeds from sales of securities available-for-sale 127,298111,764989,7864,096,453378,539
Proceeds from maturities and calls of securities available-for-sale 12,6061,23168751,55032,465
Proceeds from principal repayments of securities available-for-sale 98,28741,142109,02695,55610,746
Proceeds from maturities and calls of securities held-to-maturity NA0078,05021,020
Purchases of securities held-to-maturity 00(962,052)0NA
Purchases of bank owned life insurance 00(80,000)0NA
Net cash used in acquisitions 5,644(23,409)00NA
Net cash used in branch sale (448,891)0(46,731)0NA
Proceeds from sale of subsidiary NA00259NA
Proceeds from sale of business unit NA00246,957NA
Purchases of securities available-for-sale (71,129)(327,069)(1,591,883)(5,723,578)(472,850)
Net cash provided by disposal of discontinued operations NANANANA55,629
Loan and lease originations and principal collections, net (385,272)(376,771)(501,927)(1,778,994)(309,961)
Purchase of loans and leases (857,733)(38,572)(705,709)(182,231)0
Redemption of Federal Home Loan Bank stock 2555918,45938,9884,813
Purchase of Federal Home Loan Bank and other bank stock (13,783)(20,200)(35,287)(47,798)(209)
Proceeds from sale of loans 276,516161,638575,477930,342249,695
Net change in time deposits in financial institutions 3,181(54)400500NA
Proceeds from sale of other real estate owned 5,1232649091,737320
Proceeds from sale of mortgage servicing rights 018,8085,86250
Proceeds from sale of premises and equipment 07950,63928172
Additions to premises and equipment (54,965)(11,663)(83,259)(44,683)(10,317)
Funding of equity investment NA00(23,324)NA
Payments of capital lease obligations (389)(901)(947)(954)(271)
Investments in alternative energy partnerships NA00(57,149)(30,927)
Net cash used in investing activities (1,303,482)(463,154)(2,256,550)(2,318,286)(71,136)
Cash flows from financing activities 
Net (decrease) increase in deposits 1,514,930676,3721,677,8552,839,065(544,457)
Net increase in short-term Federal Home Loan Bank advances 133,167143,000362,000(390,000)540,000
Repayment of long-term Federal Home Loan Bank advances 0(10,000)(465,000)(50,000)(50,000)
Proceeds from long-term Federal Home Loan Bank advances 0250,000400,0000100,000
Net increase in other borrowings NA0068,000NA
Net increase in securities sold under repurchase agreements NANANANA26,320
Net proceeds from issuance of common stock 67,792103,6560175,0780
Net proceeds from issuance of preferred stock 37,9430110,873120,2550
Net proceeds from issuance of long term debt 00172,3040NA
Net proceeds from issuance of tangible equity units 064,95900NA
Repayment of preferred stock NA00(42,000)NA
Payment of amortizing debt 0(2,157)(4,715)(5,078)(1,330)
Repayment of Senior Note NA00(84,750)NA
Purchase of treasury stock (5,005)(280)00NA
Cash settlements of stock options NA00(359)NA
Proceeds from exercise of stock options 5409935010NA
Restricted stock surrendered due to employee tax liability NANANANA(2,135)
Dividend equivalents paid on stock appreciation rights 0(471)(699)(742)(202)
Dividends paid on preferred stock (2,185)(3,652)(9,446)(19,630)(5,113)
Dividends paid on common stock (6,736)(10,669)(16,955)(21,844)(6,185)
Net cash provided by financing activities 1,740,4461,211,7512,226,7182,587,99556,898
Net change in cash and cash equivalents 1,475121,081(75,075)283,386(30,229)
Cash and cash equivalents at beginning of period 108,643110,118231,199156,124439,510
Cash and cash equivalents at end of period 110,118231,199156,124439,510409,281
Supplemental cash flow information 
Interest paid on deposits and borrowed funds 23,27732,59244,81059,38015,888
Income taxes paid 09,85533,42942,3776,574
Income taxes refunds received 02631910
Supplemental disclosure of non-cash activities 
Transfer from loans to other real estate owned, net 06531,5983,2691,171
Transfer of loans held-for-investment to loans held-for-sale, net of transfer 181,36066,3340191,666242,288
Transfer of loans held-for-sale to loans held-for-investment 0117,116482,8517,1150
Equipment acquired under capital leases 2,6751,3131121670
Conversion of stock appreciation rights to stock options 1,433NANANANA


Data shown on this page is extracted directly from the company’s documents. SNL 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, SNL, as always, stands by its commitment to the quality of the data.

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