2017 Q3 Form 10-Q Financial Statement

#000143774917018573 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $154.1M $124.2M
YoY Change 24.1% 6.24%
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 $1.900M $1.800M
YoY Change 5.56% -250.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $20.88M $20.33M
YoY Change 2.71% 5.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $84.91M $61.90M
YoY Change 37.18% 22.37%
Income Tax $35.16M $15.81M
% Of Pretax Income 41.41% 25.54%
Net Earnings $49.75M $46.09M
YoY Change 7.93% 19.77%
Net Earnings / Revenue 32.29% 37.12%
Basic Earnings Per Share $0.62 $0.58
Diluted Earnings Per Share $0.61 $0.58
COMMON SHARES
Basic Shares Outstanding 80.67M 78.87M
Diluted Shares Outstanding 81.40M 79.70M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $618.9M $203.9M
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 $108.0M $106.9M
YoY Change 1.0% -2.83%
Goodwill $372.2M $372.2M
YoY Change 0.0%
Intangibles $9.408M $3.158M
YoY Change 197.91%
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 $15.73B $14.10B
YoY Change 11.56% 10.58%
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 $137.0M $237.0M
YoY Change -42.19% -55.95%
Other Long-Term Liabilities $354.0M $166.0M
YoY Change 113.25% 26.72%
Total Long-Term Liabilities $491.0M $403.0M
YoY Change 21.84% -39.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.0M $250.0M
Total Long-Term Liabilities $491.0M $403.0M
Total Liabilities $13.76B $12.31B
YoY Change 11.82% 11.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.275B $1.144B
YoY Change 11.44%
Common Stock $890.0K $871.0K
YoY Change 2.18%
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 $1.969B $1.790B
YoY Change
Total Liabilities & Shareholders Equity $15.73B $14.10B
YoY Change 11.56% 10.58%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $49.75M $46.09M
YoY Change 7.93% 19.77%
Depreciation, Depletion And Amortization $1.900M $1.800M
YoY Change 5.56% -250.0%
Cash From Operating Activities -$6.600M $79.10M
YoY Change -108.34% 109.81%
INVESTING ACTIVITIES
Capital Expenditures $700.0K -$1.300M
YoY Change -153.85% 8.33%
Acquisitions
YoY Change
Other Investing Activities -$237.7M -$652.3M
YoY Change -63.56% 123.77%
Cash From Investing Activities -$237.0M -$653.7M
YoY Change -63.74% 123.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 308.2M 549.1M
YoY Change -43.87% 93.01%
NET CHANGE
Cash From Operating Activities -6.600M 79.10M
Cash From Investing Activities -237.0M -653.7M
Cash From Financing Activities 308.2M 549.1M
Net Change In Cash 64.60M -25.50M
YoY Change -353.33% -186.73%
FREE CASH FLOW
Cash From Operating Activities -$6.600M $79.10M
Capital Expenditures $700.0K -$1.300M
Free Cash Flow -$7.300M $80.40M
YoY Change -109.08% 106.68%

Facts In Submission

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CY2017Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
8647000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
465328000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
459924000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
475187000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
484361000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
415782000
CY2017Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
415555000
CY2017Q3 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
12009000
CY2016Q4 us-gaap Bank Acceptances Executed And Outstanding
BankAcceptancesExecutedAndOutstanding
12182000
CY2017Q3 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
5440000
CY2016Q3 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
5440000
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
CY2017Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
136056000
CY2016Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
218017000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
180130000
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
167886000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
203877000
CY2017Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
167886000
CY2016Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
218017000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-50131000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
23747000
CY2017Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
167886000
CY2016Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
218017000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-94000
us-gaap Change In Unrealized Gain Loss On Fair Value Hedging Instruments1
ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1
-3598000
CY2017Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
932461
CY2016Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
943345
CY2017Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.54
CY2017Q3 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
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
89027259
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
87820920
CY2017Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
80816616
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
79610277
CY2017Q3 us-gaap Common Stock Value
CommonStockValue
890000
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
878000
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
50949000
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
46851000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
153600000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
137413000
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.21
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.63
CY2017Q3 us-gaap Deposits
Deposits
12561695000
CY2016Q4 us-gaap Deposits
Deposits
11674726000
CY2017Q3 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
12573127000
CY2016Q4 us-gaap Deposits Fair Value Disclosure
DepositsFairValueDisclosure
11680017000
CY2017Q3 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
2370724000
CY2016Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
2198938000
CY2017Q3 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
925312000
CY2016Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
719949000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5416000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5684000
CY2017Q3 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
155671000
CY2016Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
361526000
CY2017Q3 us-gaap Derivative Assets
DerivativeAssets
2314000
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
938000
CY2017Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
5049000
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3744000
CY2017Q3 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
5049000
CY2016Q4 us-gaap Derivative Liability Fair Value Of Collateral
DerivativeLiabilityFairValueOfCollateral
3744000
CY2017Q3 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
510841000
CY2016Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
119136000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
50500000
CY2017Q3 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
12009000
CY2016Q4 us-gaap Due From Customer Acceptances
DueFromCustomerAcceptances
12182000
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.87
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.61
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.414
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.255
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.414
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.29
CY2017Q3 us-gaap Equipment Expense
EquipmentExpense
2643000
CY2016Q3 us-gaap Equipment Expense
EquipmentExpense
2337000
us-gaap Equipment Expense
EquipmentExpense
7895000
us-gaap Equipment Expense
EquipmentExpense
7360000
CY2017Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2552000
CY2016Q3 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2288000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
7261000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
7640000
CY2017Q3 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
595037000
CY2016Q4 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
350062000
CY2017Q3 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
30681000
CY2016Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
17250000
CY2017Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1407000
CY2016Q3 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
1401000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4259000
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4109000
CY2017Q3 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
100000000
CY2016Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
350000000
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
115809000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
121535000
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
122948000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
117942000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
118966000
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
138963000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
118929000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
116170000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2606000
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2796000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
6111000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
2897000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
7739000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
12494000
CY2017Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
385000
CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7903000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2670000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
17865000
CY2017Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
12469762000
CY2016Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
11086201000
CY2017Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
127672000
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
115074000
CY2017Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
14
CY2016Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
8
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
21
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
14
CY2017Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
23174000
CY2016Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
18996000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
52333000
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
24207000
CY2017Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
23479000
CY2016Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
18996000
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
52638000
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
24207000
CY2017Q3 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
12504865000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
11074449000
CY2017Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
65313000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
49682000
CY2017Q3 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
92569000
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
126826000
CY2017Q3 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
305000
CY2016Q3 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
305000
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-19000
CY2017Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
24000
CY2016Q3 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
1692000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-439000
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
3141000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
285000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
394000
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
476000
CY2017Q3 us-gaap Goodwill
Goodwill
372189000
CY2016Q4 us-gaap Goodwill
Goodwill
372189000
CY2017Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
127259000
CY2016Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
133221000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
127722000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
134519000
CY2017Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1264000
CY2016Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1160000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2349000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
3209000
CY2017Q3 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
127671000
CY2016Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
115074000
CY2017Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2606000
CY2016Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2796000
CY2017Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
137284000
CY2016Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
124444000
CY2017Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
79755000
CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
88342000
CY2017Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
87680000
CY2016Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
95807000
CY2017Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
47916000
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
26732000
CY2017Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
49604000
CY2016Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
28637000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
84909000
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
61898000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
221201000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
177840000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2600000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35163000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15808000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
71099000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50756000
CY2017Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
19400000
CY2016Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
14600000
us-gaap Income Taxes Paid
IncomeTaxesPaid
62296000
us-gaap Income Taxes Paid
IncomeTaxesPaid
31717000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-10319000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-22483000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
73120000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
429976000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-250000000
us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-50000000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
51776000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2101000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
828000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4537000
CY2017Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2918000
CY2016Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2279000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
7846000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
6556000
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
9408000
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2949000
CY2017Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
154078000
CY2016Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
124155000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
420511000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
368402000
CY2017Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
146383000
CY2016Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
118500000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
401129000
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
349212000
CY2017Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1379100000
CY2016Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
1230445000
CY2017Q3 us-gaap Interest Expense
InterestExpense
20882000
CY2016Q3 us-gaap Interest Expense
InterestExpense
20331000
us-gaap Interest Expense
InterestExpense
57849000
us-gaap Interest Expense
InterestExpense
60434000
CY2017Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5101000
CY2016Q3 us-gaap Interest Expense Deposits
InterestExpenseDeposits
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us-gaap Interest Expense Deposits
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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; text-decoration: underline;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;"><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 whic</div><div style="display: inline; font-size: 10pt;">h t</div><div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">he 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;"> September 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>
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1211000
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
925000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
658000
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
659
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
82670
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
64630
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
45130
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
39130
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.37
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.37
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.37
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.37
CY2017Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.37
CY2017Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.37
CY2017Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
23.37
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
659000
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P146D
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
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P146D
CY2017Q3 us-gaap Short Term Investments
ShortTermInvestments
573059000
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
967067000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
43540
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
CY2017Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
1968699000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1828539000
us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
140200000
CY2016 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
150100000
CY2017Q3 us-gaap Time Deposits
TimeDeposits
5156553000
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
1351000
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
8210643
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
8210643
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
239589000
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
239589000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81404854
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79697069
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80797179
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79902846
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80665398
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78865860
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80073249
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79147839

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