| Cash flows from operating activities: |
|
|
|
|
|
| Net earnings (loss) |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total net earnings (loss)
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
| Amortization of net premiums on investment securities |
|
|
|
|
|
| Impairment loss on investment securities |
|
|
|
|
|
| Net amortization (accretion) of deferred loan costs (fees) and purchased premiums (discounts) |
|
|
|
|
|
| Write-off of other assets related to naming rights termination, net |
|
|
|
|
|
| Debt extinguishment fee |
|
|
|
|
|
| Deferred income tax expense (benefit) |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total deferred income tax expense (benefit) |
|
|
|
|
|
| Bank owned life insurance income |
|
|
|
|
|
| Accretion Expense |
|
|
|
|
|
| Intangible asset amortization |
|
|
|
|
|
| Amortization of debt issuance cost |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total amortization of debt issuance cost |
|
|
|
|
|
| Amortization of operating lease ROU assets |
|
|
|
|
|
| Reversal of provision for loan repurchases |
|
|
|
|
|
| Depreciation and amortization on premises, equipment and operating lease right-of-use assets |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total depreciation and amortization on premises, equipment and operating lease right-of-use assets
|
|
|
|
|
|
|
|
|
| Provision for credit losses |
|
|
|
|
|
| Gain on sale of foreclosed assets, net |
|
|
|
|
|
| Provision for losses on foreclosed assets |
|
|
|
|
|
| Loss (gain) on sale of loans and leases, net |
|
|
|
|
|
| Loss (gain) on disposal of premises and equipment |
|
|
|
|
|
| Loss on sale of securities, net |
|
|
|
|
|
| Gain on BOLI death benefits |
|
|
|
|
|
| Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net |
|
|
|
|
|
| LOCOM HFS Adjustment |
|
|
|
|
|
| Earned stock compensation |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total earned stock compensation
|
|
|
|
|
|
|
|
|
| (Income) loss on interest rate swaps |
|
|
|
|
|
| Impairment on capitalized software projects |
|
|
|
|
|
| Fair value adjustment for loans held-for-sale |
|
|
|
|
|
| Net gain on sale of loans |
|
|
|
|
|
| Loss on investments in alternative energy partnerships and affordable housing investments |
|
|
|
|
|
| Net loss (gain) on sale of securities available-for-sale |
|
|
|
|
|
| Gain on sale-leaseback transactions |
|
|
|
|
|
| Repurchase of mortgage loans |
|
|
|
|
|
| Proceeds from sales of and principal collected on loans held-for-sale |
|
|
|
|
|
| Change in accrued interest receivable and other assets |
|
|
|
|
|
| Decrease (increase) in other assets |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total decrease (increase) in other assets
|
|
|
|
|
|
| (Decrease) increase in accrued interest payable and other liabilities |
|
|
|
|
|
| Net cash provided by operating activities |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total net cash provided by operating activities
|
|
|
|
|
|
|
|
|
| Cash flows from investing activities: |
|
|
|
|
|
| Cash acquired in acquisitions, net of cash consideration paid |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total cash acquired in acquisitions, net of cash consideration paid |
|
|
|
|
|
| Net (increase) decrease in loans and leases |
|
|
|
|
|
| Proceeds from sales of loans and leases |
|
|
|
|
|
| Proceeds from maturities and paydowns of securities available-for-sale |
|
|
|
|
|
| Proceeds from sales of securities available-for-sale |
|
|
|
|
|
| Proceeds from maturities and calls of securities available-for-sale |
|
|
|
|
|
| Proceeds from principal repayments of securities available-for-sale |
|
|
|
|
|
| Proceeds from principal repayments of securities held-to-maturity and available-for-sale |
|
|
|
|
|
| Purchases of securities available-for-sale |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total purchases of securities available-for-sale |
|
|
|
|
|
|
|
|
| Purchases of bank owned life insurance |
|
|
|
|
|
| Net cash acquired in business combination |
|
|
|
|
|
|
Net cash (used) acquired in business combinations
|
|
|
|
|
|
| Loan originations and principal collections, net |
|
|
|
|
|
| Purchases of loans |
|
|
|
|
|
| Redemption of Federal Home Loan Bank stock |
|
|
|
|
|
| Purchases of Federal Home Loan Bank and other bank stock |
|
|
|
|
|
| Proceeds from sale of loans held-for-sale |
|
|
|
|
|
| Proceeds from sale of other real estate owned |
|
|
|
|
|
| Purchase of mortgage servicing rights |
|
|
|
|
|
| Proceeds from maturities and paydowns of securities held-to-maturity |
|
|
|
|
|
| Net (purchases) redemptions of Federal Home Loan Bank stock |
|
|
|
|
|
| Purchases of FHLB and FRB stock |
|
|
|
|
|
| Redemptions of FHLB and FRB stock |
|
|
|
|
|
| Total net (purchases) redemptions of Federal Home Loan Bank stock |
|
|
|
|
|
| Proceeds from sales of foreclosed assets |
|
|
|
|
|
|
Purchases of premises and equipment, net
|
|
|
|
|
|
| Proceeds from sale-leaseback transactions |
|
|
|
|
|
| Payments of finance lease obligations |
|
|
|
|
|
| Funding of equity investments |
|
|
|
|
|
| Net decrease (increase) in investments in alternative energy partnerships |
|
|
|
|
|
| Proceeds from sales of premises and equipment |
|
|
|
|
|
| Proceeds from BOLI death benefits |
|
|
|
|
|
| Net decrease in equipment leased to others under operating leases |
|
|
|
|
|
| Net cash (used in) provided by investing activities |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total net cash (used in) provided by investing activities
|
|
|
|
|
|
|
|
|
| Cash flows from financing activities: |
|
|
|
|
|
| Net (decrease) increase in deposits |
|
|
|
|
|
| Net decrease in short-term Federal Home Loan Bank advances |
|
|
|
|
|
| Repayment of long-term Federal Home Loan Bank advances |
|
|
|
|
|
| Proceeds from long-term Federal Home Loan Bank advances |
|
|
|
|
|
| Debt extinguishment and financing fees paid |
|
|
|
|
|
| Net increase in other borrowings |
|
|
|
|
|
| Net (decrease) increase in other borrowings |
|
|
|
|
|
| Net proceeds from issuance of long-term debt |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total net proceeds from issuance of long-term debt |
|
|
|
|
|
| Redemption of preferred stock |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total redemption of preferred stock |
|
|
|
|
|
| Net (decrease) increase in noninterest-bearing deposits |
|
|
|
|
|
| Net (decrease) increase in interest-bearing deposits |
|
|
|
|
|
| Net increase (decrease) in borrowings |
|
|
|
|
|
| Net proceeds from subordinated notes offering |
|
|
|
|
|
| Payments for Repurchase of Common Stock |
|
|
|
|
|
| Parent |
|
|
|
|
|
| March 17, 2025 Stock Repurchase Program |
|
|
|
|
|
|
Total payments for Repurchase of Common Stock
|
|
|
|
|
|
| Proceeds from Issuance of Common Stock, Dividend Reinvestment Plan |
|
|
|
|
|
| Proceeds from Stock Options Exercised |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total proceeds from Stock Options Exercised |
|
|
|
|
|
|
|
|
| Purchase of stock surrendered to pay tax liability |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total purchase of stock surrendered to pay tax liability |
|
|
|
|
|
| Dividend equivalents paid on stock appreciation rights |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total dividend equivalents paid on stock appreciation rights |
|
|
|
|
|
| Restricted stock surrendered |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total restricted stock surrendered |
|
|
|
|
|
| Preferred stock dividends paid |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total preferred stock dividends paid |
|
|
|
|
|
|
|
|
| Common stock dividends paid |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total common stock dividends paid |
|
|
|
|
|
| Net cash (used in) provided by financing activities |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total net cash (used in) provided by financing activities
|
|
|
|
|
|
|
|
|
| Net increase (decrease) in cash and cash equivalents |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total net increase (decrease) in cash and cash equivalents
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents, beginning of year |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total cash and cash equivalents, beginning of year |
|
|
|
|
|
| Cash and cash equivalents, end of year |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Total cash and cash equivalents, end of year |
|
|
|
|
|
|
|
|
| Supplemental disclosures of cash flow information: |
|
|
|
|
|
| Cash paid for interest |
|
|
|
|
|
| Income taxes paid |
|
|
|
|
|
| Income taxes refunds received |
|
|
|
|
|
| Cash paid (received) for income taxes |
|
|
|
|
|
| Loans transferred to foreclosed assets |
|
|
|
|
|
| Transfers from loans held for investment to loans held for sale |
|
|
|
|
|
| Equipment acquired under capital leases |
|
|
|
|
|
| Reclassification of securities from securities available-for-sale to held-to-maturity |
|
|
|
|
|
| Operating lease right of use assets received in exchange for lease liabilities |
|
|
|
|
|
| Operating lease liabilities recognized |
|
|
|
|
|
| Fair value of stock consideration |
|
|
|
|
|
| Cash consideration |
|
|
|
|
|
| Fair value of net assets acquired |
|
|
|
|
|
| Impact of adoption of ASU 2016-13 on retained earnings |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total impact of adoption of ASU 2016-13 on retained earnings
|
|
|
|
|
|
| Loan, Transfer from Held-for-Sale to Held-in-Portfolio |
|
|
|
|
|
| Transfer of securities available-for-sale to held-to-maturity |
|
|
|
|
|
| Assets |
|
|
|
|
|
| Parent |
|
|
|
|
|
| Pacific Western Bank |
|
|
|
|
|
|
Total assets
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
| Parent |
|
|
|
|
|
|
Total liabilities
|
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
|
|
