2021 Q3 Form 10-Q Financial Statement

#000129970921000271 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $158.3M $149.9M
YoY Change 5.62% 2.42%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.700M $6.200M
YoY Change -8.06% 18.68%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $11.67M $22.56M
YoY Change -48.28% -47.58%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $84.91M $75.84M
YoY Change 11.97% 33.82%
Income Tax $24.70M $22.81M
% Of Pretax Income 29.09% 30.08%
Net Earnings $60.21M $53.02M
YoY Change 13.56% 30.0%
Net Earnings / Revenue 38.03% 35.37%
Basic Earnings Per Share $1.01 $0.89
Diluted Earnings Per Share $0.99 $0.88
COMMON SHARES
Basic Shares Outstanding 59.39M shares 59.51M shares
Diluted Shares Outstanding 59.39M shares 59.51M shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.269B $1.122B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $95.67M $71.22M
YoY Change 34.33% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $14.91B $13.38B
YoY Change 11.39% 13.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $510.0M $369.0M
YoY Change 38.21% 23.41%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $540.0M $316.0M
YoY Change 70.89% -6.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $238.0M $369.0M
YoY Change -35.5% 107.3%
LONG-TERM LIABILITIES
Long-Term Debt $256.0M $454.0M
YoY Change -43.61% 238.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $256.0M $454.0M
YoY Change -43.61% 238.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $238.0M $369.0M
Total Long-Term Liabilities $256.0M $454.0M
Total Liabilities $13.45B $12.15B
YoY Change 10.73% 13.99%
SHAREHOLDERS EQUITY
Retained Earnings $1.248B -$1.009B
YoY Change -223.64% -216.43%
Common Stock $684.0K $676.0K
YoY Change 1.18% 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $228.5M $210.6M
YoY Change 8.53% 38.7%
Treasury Stock Shares 8.876M shares 8.407M shares
Shareholders Equity $1.459B $1.237B
YoY Change
Total Liabilities & Shareholders Equity $14.91B $13.38B
YoY Change 11.39% 13.69%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $60.21M $53.02M
YoY Change 13.56% 30.0%
Depreciation, Depletion And Amortization $5.700M $6.200M
YoY Change -8.06% 18.68%
Cash From Operating Activities -$133.4M $66.29M
YoY Change -301.3% 209.32%
INVESTING ACTIVITIES
Capital Expenditures -$3.900M -$1.800M
YoY Change 116.67% -43.75%
Acquisitions $54.60M $0.00
YoY Change
Other Investing Activities -$395.0M -$314.3M
YoY Change 25.68% -21.46%
Cash From Investing Activities -$398.9M -$316.1M
YoY Change 26.21% -21.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $12.74M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $764.0M -$578.5M
YoY Change -232.06% -354.98%
NET CHANGE
Cash From Operating Activities -$133.4M $66.29M
Cash From Investing Activities -$398.9M -$316.1M
Cash From Financing Activities $764.0M -$578.5M
Net Change In Cash $231.7M -$828.4M
YoY Change -127.97% 434.27%
FREE CASH FLOW
Cash From Operating Activities -$133.4M $66.29M
Capital Expenditures -$3.900M -$1.800M
Free Cash Flow -$129.5M $68.09M
YoY Change -290.25% 176.44%

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CY2020Q3 ax Sharebased Compensation Requisite Service Period Recognitionand Stock Issued During Period Value Restricted Stock Award Netof Forfeitures
SharebasedCompensationRequisiteServicePeriodRecognitionandStockIssuedDuringPeriodValueRestrictedStockAwardNetofForfeitures
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2137000 USD
CY2020Q3 ax Amortization Accretion Of Premiums Discounts Loans
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CY2020Q3 us-gaap Amortization Of Financing Costs
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CY2020Q3 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2655000 USD
CY2021Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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UnrealizedGainLossOnLoansHeldForSale
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CY2020Q3 ax Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
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GainOnSalesOfLoansHeldForSale
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CY2020Q3 ax Gain On Sales Of Loans Held For Sale
GainOnSalesOfLoansHeldForSale
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CY2020Q3 us-gaap Proceeds From Sale Of Loans Held For Sale
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CY2020Q3 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
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1795000 USD
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33000 USD
CY2020Q3 ax Gains Losses On Sale Of Other Real Estate And Foreclosed Assets
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128000 USD
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CY2021Q3 ax Proceeds From Sale Of Regulatory Agencies Stock
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CY2020Q3 ax Proceeds From Sale Of Regulatory Agencies Stock
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CY2020Q3 ax Origination Of Loans Net
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10000000 USD
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186000000 USD
CY2020Q3 ax Proceeds From Repayments Of Federal Home Loan Bank Other Advances
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CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020Q3 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
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231657000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Interest Paid Net
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CY2020Q3 us-gaap Income Taxes Paid
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16318000 USD
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140000 USD
CY2020Q3 ax Transfers To Other Real Estate And Repossessed Vehicles
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350000 USD
CY2021Q3 us-gaap Financing Receivable Reclassification To Held For Sale
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12100000 USD
CY2020Q3 us-gaap Financing Receivable Reclassification To Held For Sale
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2189000 USD
CY2021Q3 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
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376000 USD
CY2020Q3 us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
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CY2021Q3 ax Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
7842000 USD
CY2020Q3 ax Operating Lease Liability Obtained In Exchange For Right Of Use Asset
OperatingLeaseLiabilityObtainedInExchangeForRightOfUseAsset
0 USD
CY2021Q3 ax Noncash Or Part Noncash Adoption Of Accounting Standards Update Impact On Retained Earnings
NoncashOrPartNoncashAdoptionOfAccountingStandardsUpdateImpactOnRetainedEarnings
0 USD
CY2020Q3 ax Noncash Or Part Noncash Adoption Of Accounting Standards Update Impact On Retained Earnings
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CY2021Q3 ax Loans Held For Sale Contractual Balance Including Accrued Interest
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32494000 USD
CY2021Q2 ax Loans Held For Sale Contractual Balance Including Accrued Interest
LoansHeldForSaleContractualBalanceIncludingAccruedInterest
28940000 USD
CY2021Q3 ax Loans Held For Sale Fair Value Adjustment
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850000 USD
CY2021Q2 ax Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
828000 USD
CY2021Q3 ax Loans Held For Sale Interest Income
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200000 USD
CY2020Q3 ax Loans Held For Sale Interest Income
LoansHeldForSaleInterestIncome
382000 USD
CY2021Q3 ax Loans Held For Sale Change In Fair Value
LoansHeldForSaleChangeInFairValue
43000 USD
CY2020Q3 ax Loans Held For Sale Change In Fair Value
LoansHeldForSaleChangeInFairValue
6885000 USD
CY2021Q3 ax Loans Held For Sale Change In Fair Value Total
LoansHeldForSaleChangeInFairValueTotal
243000 USD
CY2020Q3 ax Loans Held For Sale Change In Fair Value Total
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CY2021Q3 us-gaap Trading Securities
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192000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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421000 USD
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567000 USD
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CY2020Q3 ax Debt Securities Availableforsale Numberof Positions Sold
DebtSecuritiesAvailableforsaleNumberofPositionsSold
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CY2021Q3 ax Debt Securities Availableforsale Numberof Positions Sold
DebtSecuritiesAvailableforsaleNumberofPositionsSold
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CY2021Q3 ax Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Available For Sale Debt Securities Net Unrealized Gains
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3786000 USD
CY2021Q2 ax Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment Available For Sale Debt Securities Net Unrealized Gains
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4507000 USD
CY2021Q3 ax Accumulated Other Comprehensive Income Loss Otherthan Temporary Impairment Not Credit Loss Before Tax Availablefor Sale Debt Securities
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845000 USD
CY2021Q2 ax Accumulated Other Comprehensive Income Loss Otherthan Temporary Impairment Not Credit Loss Before Tax Availablefor Sale Debt Securities
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845000 USD
CY2021Q3 ax Accumulated Other Comprehensive Income Loss Investment Securities Before Tax
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CY2021Q2 ax Accumulated Other Comprehensive Income Loss Investment Securities Before Tax
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3662000 USD
CY2021Q3 ax Accumulated Other Comprehensive Income Loss Investment Securities Tax Expense Benefit
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941000 USD
CY2021Q2 ax Accumulated Other Comprehensive Income Loss Investment Securities Tax Expense Benefit
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1155000 USD
CY2021Q3 ax Accumulated Other Comprehensive Income Loss Investment Securities Net Of Tax
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2000000 USD
CY2021Q2 ax Accumulated Other Comprehensive Income Loss Investment Securities Net Of Tax
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2507000 USD
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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CY2021Q3 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
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CY2021Q2 us-gaap Financing Receivable Unamortized Loan Commitment Origination Fee And Premium Discount
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CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
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CY2021Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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132958000 USD
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4000000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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716000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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536000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
136778000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
75807000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
75807000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11800000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11800000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2438000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2438000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
446000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
446000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
132915000 USD
CY2021Q3 ax Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
68850000 USD
CY2021Q3 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
65284000 USD
CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
134134000 USD
CY2021Q3 ax Financing Receivable Ratio Of Nonaccrual Loans To All Loans
FinancingReceivableRatioOfNonaccrualLoansToAllLoans
0.0112
CY2020Q3 ax Financing Receivable Nonaccrual With Allowance
FinancingReceivableNonaccrualWithAllowance
113236000 USD
CY2020Q3 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
58872000 USD
CY2020Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
172108000 USD
CY2020Q3 ax Financing Receivable Ratio Of Nonaccrual Loans To All Loans
FinancingReceivableRatioOfNonaccrualLoansToAllLoans
0.0156
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
12020982000 USD
CY2021Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
11554744000 USD
CY2021Q3 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Credit Quality Indicators</span></div><div style="margin-top:5pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Pass.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Special Mention</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Substandard</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Doubtful</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.</span></div><div style="margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.</span></div>
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1252494000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
2953837000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
2310825000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
1362290000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
852981000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
1380261000 USD
CY2021Q3 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
1908294000 USD
CY2021Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
12020982000 USD
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Year One Originated Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansYearOneOriginatedCurrentFiscalYear
0.1042
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
0.2457
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
0.1922
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
0.1133
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
0.0710
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableRatioOfGradeClassToGrossLoansOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
0.1148
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans Revolving
FinancingReceivableRatioOfGradeClassToGrossLoansRevolving
0.1587
CY2021Q3 ax Financing Receivable Ratio Of Grade Class To Gross Loans
FinancingReceivableRatioOfGradeClassToGrossLoans
1.000
CY2021Q3 ax Financing Receivable Deferral Of Payment Obligation
FinancingReceivableDeferralOfPaymentObligation
0 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
132958000 USD
CY2021Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
5723000 USD
CY2021Q2 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLoss
138681000 USD
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4000000 USD
CY2021Q3 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
2000000 USD
CY2021Q3 ax Financing Receivable And Off Balance Sheet Liability Credit Loss Expense Reversal
FinancingReceivableAndOffBalanceSheetLiabilityCreditLossExpenseReversal
6000000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
716000 USD
CY2021Q3 ax Off Balance Sheet Credit Loss Liability Writeoff
OffBalanceSheetCreditLossLiabilityWriteoff
0 USD
CY2021Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss Writeoff
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLossWriteoff
716000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
536000 USD
CY2021Q3 ax Off Balance Sheet Credit Loss Liability Recovery
OffBalanceSheetCreditLossLiabilityRecovery
0 USD
CY2021Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss Recovery
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLossRecovery
536000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
136778000 USD
CY2021Q3 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
7723000 USD
CY2021Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLoss
144501000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
75807000 USD
CY2020Q2 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
323000 USD
CY2020Q2 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLoss
76130000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11800000 USD
CY2020Q3 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
700000 USD
CY2020Q3 ax Financing Receivable And Off Balance Sheet Liability Credit Loss Expense Reversal
FinancingReceivableAndOffBalanceSheetLiabilityCreditLossExpenseReversal
12500000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2438000 USD
CY2020Q3 ax Off Balance Sheet Credit Loss Liability Writeoff
OffBalanceSheetCreditLossLiabilityWriteoff
0 USD
CY2020Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss Writeoff
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLossWriteoff
2438000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
446000 USD
CY2020Q3 ax Off Balance Sheet Credit Loss Liability Recovery
OffBalanceSheetCreditLossLiabilityRecovery
0 USD
CY2020Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss Recovery
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLossRecovery
446000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
132915000 USD
CY2020Q3 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
6723000 USD
CY2020Q3 ax Financing Receivable And Off Balance Sheet Liability Allowance For Credit Loss
FinancingReceivableAndOffBalanceSheetLiabilityAllowanceForCreditLoss
139638000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
60210000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
53022000 USD
CY2021Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
0 USD
CY2020Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
77000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60210000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52945000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59390846 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59509320 shares
CY2021Q3 ax Qualifying Shares Basic
QualifyingSharesBasic
59390846 shares
CY2020Q3 ax Qualifying Shares Basic
QualifyingSharesBasic
59509320 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.89
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
60210000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52945000 USD
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59390846 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59509320 shares
CY2021Q3 ax Dilutive Common Shares Issued And Outstanding
DilutiveCommonSharesIssuedAndOutstanding
60644288 shares
CY2020Q3 ax Dilutive Common Shares Issued And Outstanding
DilutiveCommonSharesIssuedAndOutstanding
59926784 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7464000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10216000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9849000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9673000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9336000 USD
CY2021Q3 ax Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
35894000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
82432000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9122000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
73310000 USD
CY2015Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 claim
CY2017Q3 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
6 claim
CY2021Q3 ax Loss Contingency Pending Claims Consolidated Number
LossContingencyPendingClaimsConsolidatedNumber
4 claim
CY2015Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2 claim
CY2021Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
146642000 USD
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4000000 USD
CY2021Q3 us-gaap Noninterest Income
NoninterestIncome
26702000 USD
CY2021Q3 us-gaap Noninterest Expense
NoninterestExpense
84431000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
84913000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
127327000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
11800000 USD
CY2020Q3 us-gaap Noninterest Income
NoninterestIncome
35855000 USD
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
75546000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
75836000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
95674000 USD
CY2021Q3 us-gaap Assets
Assets
14906750000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
71222000 USD
CY2021Q2 us-gaap Assets
Assets
14265565000 USD

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