2016 Q2 Form 10-Q Financial Statement

#000107742816000060 Filed on July 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $172.4M $153.4M
YoY Change 12.43% 22.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $6.391M $5.647M
YoY Change 13.18% 29.49%
% of Gross Profit
Depreciation & Amortization $5.300M $4.200M
YoY Change 26.19% 13.51%
% of Gross Profit
Operating Expenses $6.391M $5.647M
YoY Change 13.18% 29.49%
Operating Profit
YoY Change
Interest Expense $15.37M $11.09M
YoY Change 38.63% 17.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $60.75M $59.28M
YoY Change 2.47% 13.62%
Income Tax $21.87M $21.34M
% Of Pretax Income 36.0% 36.0%
Net Earnings $38.88M $37.94M
YoY Change 2.49% 13.51%
Net Earnings / Revenue 22.55% 24.73%
Basic Earnings Per Share $0.79 $0.78
Diluted Earnings Per Share $0.78 $0.76
COMMON SHARES
Basic Shares Outstanding 45.92M shares 45.79M shares
Diluted Shares Outstanding 46.44M shares 46.44M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $2.723B $1.455B
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 $21.77M $17.95M
YoY Change 21.25% 13.89%
Goodwill
YoY Change
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 $21.08B $17.82B
YoY Change 18.32% 31.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $5.000M
YoY Change 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $96.00M $109.0M
YoY Change -11.93% -63.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.000M $5.000M
YoY Change 0.0% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $394.0M $399.0M
YoY Change -1.25% 0.0%
Other Long-Term Liabilities $178.0M $161.0M
YoY Change 10.56% 49.07%
Total Long-Term Liabilities $572.0M $560.0M
YoY Change 2.14% 10.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.000M $5.000M
Total Long-Term Liabilities $572.0M $560.0M
Total Liabilities $19.40B $16.26B
YoY Change 19.27% 32.54%
SHAREHOLDERS EQUITY
Retained Earnings $817.0M $690.8M
YoY Change 18.26%
Common Stock $460.0K $458.0K
YoY Change 0.44% 6.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.000K $8.000K
YoY Change 0.0%
Treasury Stock Shares 417.0 shares 417.0 shares
Shareholders Equity $1.685B $1.555B
YoY Change
Total Liabilities & Shareholders Equity $21.08B $17.82B
YoY Change 18.32% 31.66%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $38.88M $37.94M
YoY Change 2.49% 13.51%
Depreciation, Depletion And Amortization $5.300M $4.200M
YoY Change 26.19% 13.51%
Cash From Operating Activities -$72.60M $37.60M
YoY Change -293.09% -465.05%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$2.600M
YoY Change -88.46% -48.0%
Acquisitions
YoY Change
Other Investing Activities -$750.9M $138.0M
YoY Change -644.13% -111.18%
Cash From Investing Activities -$751.1M $135.4M
YoY Change -654.73% -110.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 813.0M 447.3M
YoY Change 81.76% -66.83%
NET CHANGE
Cash From Operating Activities -72.60M 37.60M
Cash From Investing Activities -751.1M 135.4M
Cash From Financing Activities 813.0M 447.3M
Net Change In Cash -10.70M 620.3M
YoY Change -101.72% 524.04%
FREE CASH FLOW
Cash From Operating Activities -$72.60M $37.60M
Capital Expenditures -$300.0K -$2.600M
Free Cash Flow -$72.30M $40.20M
YoY Change -279.85% -858.49%

Facts In Submission

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us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
8001000 USD
CY2016Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
6043000 USD
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
11512000 USD
CY2015Q4 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
143051000 USD
CY2016Q2 us-gaap Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
FederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
95982000 USD
CY2015Q4 us-gaap Federal Funds Sold
FederalFundsSold
55000000 USD
CY2016Q2 us-gaap Federal Funds Sold
FederalFundsSold
30000000 USD
CY2015Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2149000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4243000 USD
CY2016Q2 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
2411000 USD
us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
4521000 USD
us-gaap Fees And Commissions Fiduciary And Trust Activities
FeesAndCommissionsFiduciaryAndTrustActivities
1911000 USD
CY2015Q2 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1035000 USD
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
3021000 USD
CY2016Q2 us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1105000 USD
us-gaap Fees And Commissions Other
FeesAndCommissionsOther
1412000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
104715000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
136426000 USD
CY2015Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
14055000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
30971000 USD
CY2015Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
15959778000 USD
CY2015Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
16585800000 USD
CY2016Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
17652268000 USD
CY2015Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
127695000 USD
CY2015Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
183340000 USD
CY2016Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
168549000 USD
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
4
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
2
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
16960000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
14054000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
18329000 USD
us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
FinancingReceivableModificationsPreModificationRecordedInvestment2
14235000 USD
CY2015Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
16960000 USD
CY2016Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
14054000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
17589501000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
165429000 USD
CY2016Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
65887000 USD
CY2015Q2 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
6000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
15000 USD
CY2016Q2 us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
260000 USD
us-gaap Foreclosed Real Estate Expense
ForeclosedRealEstateExpense
496000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-24000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-12000 USD
us-gaap Income Loss Before Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
72987000 USD
us-gaap Income Loss Before Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
64008000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
59280000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
114039000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
60746000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
100006000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
72987000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
64008000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21343000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41052000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21866000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35998000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
42934000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43309000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1514976000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1618946000 USD
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
-16331000 USD
us-gaap Increase Decrease In Federal Funds Purchased
IncreaseDecreaseInFederalFundsPurchased
47069000 USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
USD
us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-743769000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
50485000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
71805000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
12090000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
23094000 USD
CY2015Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
423942 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
411281 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
388877 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
368574 shares
CY2015Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
229378 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
219448 shares
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
124974 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
121524 shares
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
153374000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
294282000 USD
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
172442000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
332245000 USD
CY2015Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
323000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
681000 USD
CY2016Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
246000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
507000 USD
CY2015Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
151606000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
290780000 USD
CY2016Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
168064000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
323949000 USD
CY2015Q4 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
8697708000 USD
CY2016Q2 us-gaap Interest Bearing Deposit Liabilities Domestic
InterestBearingDepositLiabilitiesDomestic
8719357000 USD
CY2015Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
1626374000 USD
CY2016Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
2594170000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
11089000 USD
us-gaap Interest Expense
InterestExpense
21988000 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
15373000 USD
us-gaap Interest Expense
InterestExpense
30393000 USD
CY2015Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
5642000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
11270000 USD
CY2016Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
8971000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
17793000 USD
CY2015Q2 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
93000 USD
us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
161000 USD
CY2016Q2 us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
110000 USD
us-gaap Interest Expense Federal Funds Purchased
InterestExpenseFederalFundsPurchased
236000 USD
CY2015Q2 us-gaap Interest Expense Other
InterestExpenseOther
528000 USD
us-gaap Interest Expense Other
InterestExpenseOther
918000 USD
CY2016Q2 us-gaap Interest Expense Other
InterestExpenseOther
1365000 USD
us-gaap Interest Expense Other
InterestExpenseOther
2527000 USD
CY2015Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
4000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
8000 USD
CY2016Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
5000 USD
CY2015Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
4191000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
8382000 USD
CY2016Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
4191000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
8382000 USD
CY2015Q2 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
631000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
1249000 USD
CY2016Q2 us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
734000 USD
us-gaap Interest Expense Trust Preferred Securities
InterestExpenseTrustPreferredSecurities
1450000 USD
CY2015Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
1327000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
2587000 USD
CY2016Q2 us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
3750000 USD
us-gaap Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
7035000 USD
CY2015Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
127785000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
246794000 USD
CY2016Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
141069000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
255852000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
142285000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
100954000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
118770000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
272294000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
157069000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
301852000 USD
CY2015Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
118000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
234000 USD
CY2016Q2 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
382000 USD
us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
754000 USD
us-gaap Interest Paid
InterestPaid
21830000 USD
us-gaap Interest Paid
InterestPaid
30151000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5097000 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
5339000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
48200000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
94028000 USD
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
54810000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
106182000 USD
CY2015Q4 us-gaap Leases Receivable Commercial Lease Financing
LeasesReceivableCommercialLeaseFinancing
113996000 USD
CY2016Q2 us-gaap Leases Receivable Commercial Lease Financing
LeasesReceivableCommercialLeaseFinancing
103565000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
17280288000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
19396259000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18903821000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21080994000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
141111000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
167397000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
25323000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Consumer Real Estate
LoansAndLeasesReceivableConsumerRealEstate
26283000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
57190000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
58277000 USD
CY2015Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
16087473000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
16769140000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
17820817000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
884000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
820000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
11745674000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
12502513000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
16570839000 USD
CY2016Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
17595143000 USD
CY2015Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
86075000 USD
CY2016Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
221347000 USD
CY2015Q4 us-gaap Loans Receivable Commercial And Industrial
LoansReceivableCommercialAndIndustrial
6672631000 USD
CY2016Q2 us-gaap Loans Receivable Commercial And Industrial
LoansReceivableCommercialAndIndustrial
7178364000 USD
CY2015Q4 us-gaap Loans Receivable Commercial Construction
LoansReceivableCommercialConstruction
1851717000 USD
CY2016Q2 us-gaap Loans Receivable Commercial Construction
LoansReceivableCommercialConstruction
2023725000 USD
CY2015Q4 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
3139197000 USD
CY2016Q2 us-gaap Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
3228853000 USD
CY2015Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
86075000 USD
CY2016Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
221347000 USD
CY2016Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
363000 USD
CY2015Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3925000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8143000 USD
CY2016Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4486000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8394000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1826852000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2086432000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1775922000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1087042000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73307000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67283000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
37937000 USD
us-gaap Net Income Loss
NetIncomeLoss
72987000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
38880000 USD
us-gaap Net Income Loss
NetIncomeLoss
64008000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
35500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
68112000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36443000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59133000 USD
CY2015Q4 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
6386911000 USD
CY2016Q2 us-gaap Noninterest Bearing Deposit Liabilities Domestic
NoninterestBearingDepositLiabilitiesDomestic
7984208000 USD
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
81276000 USD
us-gaap Noninterest Expense
NoninterestExpense
157793000 USD
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
94255000 USD
us-gaap Noninterest Expense
NoninterestExpense
181075000 USD
CY2015Q2 us-gaap Noninterest Income
NoninterestIncome
12771000 USD
us-gaap Noninterest Income
NoninterestIncome
25038000 USD
CY2016Q2 us-gaap Noninterest Income
NoninterestIncome
13932000 USD
us-gaap Noninterest Income
NoninterestIncome
25229000 USD
CY2015Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
2547000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
4818000 USD
CY2016Q2 us-gaap Noninterest Income Other
NoninterestIncomeOther
2918000 USD
us-gaap Noninterest Income Other
NoninterestIncomeOther
5804000 USD
CY2015Q2 us-gaap Occupancy Net
OccupancyNet
5808000 USD
us-gaap Occupancy Net
OccupancyNet
11499000 USD
CY2016Q2 us-gaap Occupancy Net
OccupancyNet
5838000 USD
us-gaap Occupancy Net
OccupancyNet
11650000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
382101000 USD
CY2016Q2 us-gaap Other Assets
OtherAssets
464098000 USD
CY2015Q4 us-gaap Other Borrowings
OtherBorrowings
1500000000 USD
CY2016Q2 us-gaap Other Borrowings
OtherBorrowings
2019463000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
1164000 USD
us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
62000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
0 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-209000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-258000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-14000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-38000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-321000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-397000 USD
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-22000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-58000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
153433000 USD
CY2016Q2 us-gaap Other Liabilities
OtherLiabilities
177641000 USD
CY2015Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
7861000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
15716000 USD
CY2016Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
10201000 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
18683000 USD
CY2015Q4 us-gaap Participating Mortgage Loans Mortgage Obligations Amount
ParticipatingMortgageLoansMortgageObligationsAmount
454800000 USD
CY2016Q2 us-gaap Participating Mortgage Loans Mortgage Obligations Amount
ParticipatingMortgageLoansMortgageObligationsAmount
844200000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
976122000 USD
us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
794749000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
2635000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1166000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4875000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4875000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
354000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
586000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
783000 USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
USD
us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
876516000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2437000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4875000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2437000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4875000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
6000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
6000000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
150000000 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
150000000 USD
CY2015Q4 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
82853000 USD
CY2016Q2 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
209617000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1950000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
265000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
299995000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
519463000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
712500000 USD
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0 USD
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
5618000 USD
us-gaap Professional Fees
ProfessionalFees
9666000 USD
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
6226000 USD
us-gaap Professional Fees
ProfessionalFees
11550000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
35500000 USD
us-gaap Profit Loss
ProfitLoss
68112000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
36443000 USD
us-gaap Profit Loss
ProfitLoss
59133000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23561000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21766000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
24626000 USD
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
45656000 USD
CY2015Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
14500000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
25500000 USD
CY2016Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
16000000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
46000000 USD
CY2014Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
568000 USD
CY2015Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
605000 USD
CY2015Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
609000 USD
CY2015Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
278000 USD
CY2016Q1 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
17585000 USD
CY2016Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
18727000 USD
CY2015Q2 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0 USD
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0 USD
CY2016Q2 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
757818000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
816951000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
280682000 USD
CY2016Q2 us-gaap Senior Notes
SeniorNotes
280863000 USD
CY2015Q4 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
423000 USD
CY2016Q2 us-gaap Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
8957000 USD
us-gaap Servicing Asset At Amortized Value Additions
ServicingAssetAtAmortizedValueAdditions
8805000 USD
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
271000 USD
CY2016Q2 us-gaap Servicing Asset At Amortized Value Fair Value
ServicingAssetAtAmortizedValueFairValue
8543000 USD
CY2015Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
423000 USD
CY2016Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
8543000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6641000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3725000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
354000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
586000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1623533000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
1684735000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1484190000 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1554529000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1623533000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1177000 USD
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
18540000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1684735000 USD
CY2015Q4 us-gaap Subordinated Debt
SubordinatedDebt
113406000 USD
CY2016Q2 us-gaap Subordinated Debt
SubordinatedDebt
113406000 USD
CY2015Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0892
CY2016Q2 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0869
CY2015Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0881
CY2016Q2 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0864
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
417 shares
CY2016Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
417 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
8000 USD
CY2016Q2 us-gaap Treasury Stock Value
TreasuryStockValue
8000 USD
CY2015Q4 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
0 USD
CY2016Q2 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
414000 USD
us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Period Increase Decrease
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsPeriodIncreaseDecrease
414000 USD
us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
2118000 USD
us-gaap Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
5445000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46443413 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46405190 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46438132 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46396606 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45790093 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45774461 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45924281 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45906508 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for loan losses, the fair value of stock-based compensation awards, the fair values of certain assets and liabilities and the status of contingencies are particularly susceptible to significant change in the near term.</font></div></div>

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