2017 Q2 Form 10-Q Financial Statement

#000143774917014151 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $135.6M $121.9M
YoY Change 11.26% 8.47%
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 $1.700M $2.000M
YoY Change -15.0% -61.54%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $18.28M $20.13M
YoY Change -9.19% 14.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $66.85M $47.10M
YoY Change 41.91% -14.26%
Income Tax $15.43M $12.27M
% Of Pretax Income 23.08% 26.06%
Net Earnings $51.42M $34.83M
YoY Change 47.61% -22.94%
Net Earnings / Revenue 37.91% 28.57%
Basic Earnings Per Share $0.64 $0.44
Diluted Earnings Per Share $0.64 $0.44
COMMON SHARES
Basic Shares Outstanding 79.84M 78.85M
Diluted Shares Outstanding 80.56M 79.62M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $554.4M $229.4M
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 $104.1M $107.2M
YoY Change -2.9% 9.42%
Goodwill $372.2M $372.2M
YoY Change 0.0%
Intangibles $2.537M $3.310M
YoY Change -23.35%
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 $14.34B $13.49B
YoY Change 6.25% 13.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $250.0M
YoY Change -60.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $100.0M $250.0M
YoY Change -60.0%
LONG-TERM LIABILITIES
Long-Term Debt $187.0M $287.0M
YoY Change -34.84% -46.75%
Other Long-Term Liabilities $204.0M $145.0M
YoY Change 40.69% 7.41%
Total Long-Term Liabilities $391.0M $432.0M
YoY Change -9.49% -35.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.0M $250.0M
Total Long-Term Liabilities $391.0M $432.0M
Total Liabilities $12.44B $11.73B
YoY Change 6.01% 14.49%
SHAREHOLDERS EQUITY
Retained Earnings $1.242B $1.112B
YoY Change 11.69%
Common Stock $881.0K $871.0K
YoY Change 1.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $239.6M $239.6M
YoY Change 0.0%
Treasury Stock Shares $8.211M $8.211M
Shareholders Equity $1.898B $1.760B
YoY Change
Total Liabilities & Shareholders Equity $14.34B $13.49B
YoY Change 6.25% 13.22%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $51.42M $34.83M
YoY Change 47.61% -22.94%
Depreciation, Depletion And Amortization $1.700M $2.000M
YoY Change -15.0% -61.54%
Cash From Operating Activities $76.10M $50.40M
YoY Change 50.99% 64.71%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$800.0K
YoY Change -12.5% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$352.0M -$226.2M
YoY Change 55.61% -1739.13%
Cash From Investing Activities -$352.7M -$227.0M
YoY Change 55.37% -1846.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.40M 213.4M
YoY Change -95.13% -462.93%
NET CHANGE
Cash From Operating Activities 76.10M 50.40M
Cash From Investing Activities -352.7M -227.0M
Cash From Financing Activities 10.40M 213.4M
Net Change In Cash -266.2M 36.80M
YoY Change -823.37% -342.11%
FREE CASH FLOW
Cash From Operating Activities $76.10M $50.40M
Capital Expenditures -$700.0K -$800.0K
Free Cash Flow $76.80M $51.20M
YoY Change 50.0% 63.06%

Facts In Submission

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CY2017Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
520058000
CY2017Q2 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
9897000
CY2016Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
12182000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
218017000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
180130000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
160517000
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
229411000
CY2017Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
160517000
CY2016Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
218017000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-57500000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
49281000
CY2017Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
160517000
CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
218017000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-251000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-4402000
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2016Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.36
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
88072997
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
87820920
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79862354
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79610277
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
881000
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
878000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
53637000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
37046000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
102651000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
90562000
CY2017Q2 us-gaap Deposits
Deposits
11463317000
CY2016Q4 us-gaap Deposits
Deposits
11674726000
CY2017Q2 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
11470912000
CY2016Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
11680017000
CY2017Q2 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
2267392000
CY2016Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
2198938000
CY2017Q2 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
884238000
CY2016Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
719949000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3504000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3861000
CY2017Q2 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
206263000
CY2016Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
361526000
CY2017Q2 us-gaap Derivative Assets
DerivativeAssets
1608000
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
938000
CY2017Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
4771000
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3744000
CY2017Q2 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
4771000
CY2016Q4 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
3744000
CY2017Q2 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
358994000
CY2016Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
119136000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
33500000
CY2017Q2 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
9897000
CY2016Q4 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
12182000
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.301
CY2017Q2 us-gaap Equipment Expense
EquipmentExpense
2528000
CY2016Q2 us-gaap Equipment Expense
EquipmentExpense
2443000
us-gaap Equipment Expense
EquipmentExpense
5252000
us-gaap Equipment Expense
EquipmentExpense
5023000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
9597000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
527000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7633000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2285000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
9961000
CY2017Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
11427369000
CY2016Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
11086201000
CY2017Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2189000
CY2016Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2763000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
4709000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
5352000
CY2017Q2 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
475058000
CY2016Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
350062000
CY2017Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
17250000
CY2016Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
17250000
CY2017Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1344000
CY2016Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1385000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2852000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2708000
CY2017Q2 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
150000000
CY2016Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
350000000
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
115544000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
115809000
CY2016Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
134552000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
122948000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
118966000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
138963000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
114248000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
116170000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1561000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2796000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
792000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1179000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1628000
CY2017Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
143863000
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
115074000
CY2017Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
CY2016Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
3
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
6
CY2017Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
500000
CY2016Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
5211000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
28183000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
5211000
CY2017Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
500000
CY2016Q2 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
5211000
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
28183000
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
5211000
CY2017Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
11470750000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
11074449000
CY2017Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
64044000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
49682000
CY2017Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
100482000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
126826000
CY2017Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
CY2016Q2 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
CY2017Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
3000
CY2016Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1655000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-463000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1449000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
201000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
317000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
228000
CY2017Q2 us-gaap Goodwill
Goodwill
372189000
CY2016Q4 us-gaap Goodwill
Goodwill
372189000
CY2017Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
137595000
CY2016Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
132946000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
127958000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
135176000
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
994000
CY2016Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1020000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1976000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2168000
CY2017Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
143863000
CY2016Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
115074000
CY2017Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1561000
CY2016Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2796000
CY2017Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
155543000
CY2016Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
124444000
CY2017Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
115182000
CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
88342000
CY2017Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
122264000
CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
95807000
CY2017Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
28681000
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
26732000
CY2017Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
33279000
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
28637000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
66846000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
47104000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
136292000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
115942000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35936000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
34948000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15431000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12273000
CY2017Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
19400000
CY2016Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
14600000
us-gaap Income Taxes Paid
IncomeTaxesPaid
30096000
us-gaap Income Taxes Paid
IncomeTaxesPaid
30698000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-12227000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-7098000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-211228000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-37711000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-200000000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-603000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4690000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1832000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-7212000
CY2017Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2396000
CY2016Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2027000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4928000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4277000
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2537000
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2949000
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
135629000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
121902000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
266433000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
244247000
CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
129836000
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
115822000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
254746000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
230712000
CY2017Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1273066000
CY2016Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1230445000
CY2017Q2 us-gaap Interest Expense
InterestExpense
18277000
CY2016Q2 us-gaap Interest Expense
InterestExpense
20126000
us-gaap Interest Expense
InterestExpense
36967000
us-gaap Interest Expense
InterestExpense
40103000
CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
4698000
CY2016Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
3931000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
9144000
us-gaap Interest Expense Deposits
InterestExpenseDeposits
7571000
CY2017Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
305000
CY2016Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
202000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
593000
us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
308000
CY2017Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1440000
CY2016Q2 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
1440000
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2864000
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
2880000
CY2017Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
1065000
CY2016Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
3934000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2615000
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
7868000
CY2017Q2 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
10769000
CY2016Q2 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
10619000
us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
21751000
us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
21476000
CY2017Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
776000
CY2016Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
433000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1852000
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
682000
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div> <div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">Business</div></div></div></div></div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">Cathay General Bancorp (<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x201c;Bancorp&#x201d;) is the holding company for Cathay Bank (the &#x201c;Bank&#x201d; and, together, with Bancorp, the &#x201c;Company&#x201d;), <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">seven</div> limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner, Asia Realty Corp. and GBC Venture Capital, Inc. Bancorp also owns <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">100%</div> of the common stock of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">five</div> statutory business trusts created for the purpose of issuing capital securities. The Bank was founded in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1962</div> and offers a wide range of financial services. As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2017, </div>the Bank operates <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">22</div> branches in Southern California, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12</div> branches in Northern California, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12</div> branches in New York State, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> branches in Illinois, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> branches in Washington State, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> branches in Texas, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> branch in Massachusetts, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> branch in New Jersey, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> branch in Maryland, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> branch in Nevada, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> branch in Hong Kong, and a representative office in Shanghai and in Taipei. Deposit accounts at the Hong Kong branch are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> insured by the Federal Deposit Insurance Corporation (the &#x201c;FDIC&#x201d;). </div></div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 14, 2017, </div>Bancorp <div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">completed its acquisition of SinoPac Bancorp and its wholly owned subsidiary Far East National Bank, a U.S. federally chartered bank. Subsequent to the acquisition, on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 17, 2017, </div>SinoPac Bancorp merged with and into Bancorp and Bancorp became the holding company for Far East National Bank. Far East National Branch was founded in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1974</div> and, as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2017, </div>operated <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">nine</div> branches in California and a representative office in Beijing. For additional information, see Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18</div> to the Company&#x2019;s unaudited condensed consolidated financial statements.</div></div></div>
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P255D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y36D
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P328D
CY2017Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P255D
CY2017Q2 us-gaap Short Term Investments
ShortTermInvestments
393895000
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
967067000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
37540
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2110
CY2017Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
18040
CY2017Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19500
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
1897766000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1828539000
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
69200000
CY2017Q2 us-gaap Time Deposits
TimeDeposits
4601801000
CY2016Q4 us-gaap Time Deposits
TimeDeposits
5047287000
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
3751000
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
8210643
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8210643
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
239589000
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
239589000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80562607
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79619883
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80488306
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80006866
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79840188
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78846237
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79772268
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79290378

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