First PacTrust Bancorp, Inc.
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Cash Flow StatementBANC OF CALIFORNIA, INC. (NYSE - BANC)  
 2012 Y2013 Y2014 Y2015 Y2016 Q2 YTD
Source Document12/31/201412/31/201512/31/201512/31/20156/30/2016
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Cash flows from operating activities 
Net income 5,996(84)30,20562,07246,215
Adjustments to reconcile net income to net cash used in operating activities 
Provision for loan and lease losses 5,5007,96310,9767,4692,090
Provision (reversal) for loan repurchases 2562,3832,8082,326(500)
Net revenue on mortgage banking activities (21,310)(67,890)(95,430)(144,685)(77,479)
Net gain on sale of loans (1,106)(8,700)(19,828)(37,211)(4,342)
Net amortization of premiums and discounts on securities 1,4301,7427461,602709
Depreciation on premises and equipment 1,7144,2836,8349,1545,664
Amortization of intangibles 6962,6514,0795,8362,644
Amortization of debt issuance cost 135385686727363
Stock option compensation expense 495582480528297
Stock award compensation expense 1,1882,3115,8388,5985,394
Change in fair value of converted stock options related to business acquisition 0900NA
Stock appreciation right expense 01,0721,88920215
Bank owned life insurance income (253)(177)(224)(1,076)(1,143)
Operating loss on equity investment 364NANANANA
Impairment on intangible assets 01,061482580
Debt redemption costs NANANANA2,737
Net (gain) loss on sale of securities available-for-sale 83(331)(1,183)(3,258)(29,613)
Gain on sale of building NA00(9,919)0
Gain on sale of branches 0(12,104)(456)(163)NA
Bargain purchase gain (11,627)NANANANA
Gain on sale of a subsidiary NANANANA(3,694)
Gain on sale of mortgage servicing rights 00(2,318)0(2)
Gain on sale of other real estate owned (464)(464)(66)(23)(44)
Deferred income tax expense 1007,573(17,157)7,2791,456
Loss on sale or disposal of property and equipment (412)0942805
Loss from change of fair value and runoff on mortgage servicing rights 238(298)1,5648,76518,717
Increase in valuation allowances on other real estate owned 7039732389
Repurchase of mortgage loans 00(3,343)(19,387)(18,648)
Originations of loans held-for-sale from mortgage banking (515,327)(1,942,622)(2,822,406)(4,388,042)(2,301,125)
Originations of other loans held-for-sale 0(441,969)(1,439,700)(803,936)(383,841)
Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking 495,7961,916,7462,838,7714,406,9242,348,055
Proceeds from sales of and principal collected on other loans held-for-sale 0107,222923,494882,288206,085
Change in deferred loan fees 662(248)(1,296)512(379)
Net amortization of premiums and discounts on purchased loans (2,218)(20,304)(34,776)(30,933)(21,096)
Change in accrued interest receivable (322)(5,865)(4,247)(7,687)(5,295)
Change in other assets 4,3724,140(5,875)(15,935)(30,153)
Change in accrued interest payable and other liabilities 3465,347(8,603)12,354922
Net cash used in operating activities (32,965)(435,489)(627,516)(45,243)(235,977)
Cash flows from investing activities 
Proceeds from sales of securities available-for-sale 11,940127,298111,764989,7863,551,453
Proceeds from maturities and calls of securities available-for-sale 52,28712,6061,2316870
Proceeds from principal repayments of securities available-for-sale 098,28741,142109,02647,167
Purchases of securities available-for-sale (77,697)(71,129)(327,069)(1,591,883)(3,949,717)
Purchases of securities held-to-maturity NA00(962,052)0
Purchases of bank owned life insurance NA00(80,000)NA
Net cash (used) acquired in acquisitions 43,6715,644(23,409)0NA
Net cash used in branch sale 0(448,891)0(46,731)NA
Proceeds from sale of a subsidiary NANANANA259
Loan and lease originations and principal collections, net (159,105)(385,272)(376,771)(501,927)(939,348)
Purchase of loans and leases (96,917)(857,733)(38,572)(705,709)(156,258)
Redemption of Federal Home Loan Bank stock 7022555918,4595,690
Purchase of Federal Home Loan Bank and other bank stock 0(13,783)(20,200)(35,287)(27,774)
Proceeds from sale of loans 79,307276,516161,638575,47762,927
Net change in time deposits in financial institutions 03,181(54)400NA
Proceeds from sale of other real estate owned 13,7895,1232649091,007
Proceeds from sale of mortgage servicing rights 0018,8085,8625
Proceeds from sale of premises and equipment 1,32407950,6390
Additions to premises and equipment (6,151)(54,965)(11,663)(83,259)(15,458)
Funding of equity investment (624)NANANANA
Purchase of interest bearing deposits (353)NANANANA
Payments of capital lease obligations (54)(389)(901)(947)(473)
Net cash used in investing activities (137,881)(1,303,482)(463,154)(2,256,550)(1,420,520)
Cash flows from financing activities 
Net increase in deposits 105,6921,514,930676,3721,677,8551,625,871
Net increase (decrease) in short-term Federal Home Loan Bank advances 55,000133,167143,000362,00050,000
Repayment of long-term Federal Home Loan Bank advances NA0(10,000)(465,000)(50,000)
Proceeds from long-term Federal Home Loan Bank advances NA0250,000400,0000
Net proceeds from issuance of common stock 067,792103,6560175,094
Net proceeds from issuance of preferred stock (7)37,9430110,873120,255
Redemption of preferred stock NANANANA(42,000)
Net proceeds from issuance of long term debt 80,28300172,3040
Net proceeds from other borrowings 642NANANANA
Net proceeds from issuance of tangible equity units 0064,9590NA
Payment of amortizing debt 00(2,157)(4,715)(2,492)
Purchase of treasury stock (565)(5,005)(280)0NA
Redemption of long term debt NANANANA(84,750)
Proceeds from exercise of stock options 05409935010
Tax expense from restricted stock vesting (17)NANANANA
Cash settlement of stock options NANANANA(359)
Dividend equivalents paid on stock appreciation rights 00(471)(699)(370)
Dividends paid on preferred stock (1,359)(2,185)(3,652)(9,446)(9,405)
Dividends paid on common stock (4,655)(6,736)(10,669)(16,955)(9,739)
Net cash provided by financing activities 235,0141,740,4461,211,7512,226,7181,772,105
Net change in cash and cash equivalents 64,1681,475121,081(75,075)115,608
Cash and cash equivalents at beginning of period 44,475108,643110,118231,199156,124
Cash and cash equivalents at end of period 108,643110,118231,199156,124271,732
Supplemental cash flow information 
Interest paid on deposits and borrowed funds 7,60623,27732,59244,81026,457
Income taxes paid 009,85533,42936,404
Income taxes refunds received 00263191
Supplemental disclosure of non-cash activities 
Transfer from loans to other real estate owned, net 3,86306531,598304
Transfer of loans receivable to loans held for sale, net of transfer 0181,36066,3340NA
Transfer of loans held-for-investment to loans held-for-sale NANANANA61,410
Transfer of loans held-for-sale to loans held-for-investment 00117,116482,8517,155
Equipment acquired under capital leases 5322,6751,31311216
Conversion of stock appreciation rights to stock options 01,43300NA
Non-cash consideration received from sale of a subsidiary NANANANA2,896
Receivable on unsettled securities sales NANANANA10,049
Due on unsettled securities purchases NANANANA89,500


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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