2014 Q1 Form 10-Q Financial Statement

#000121254514000132 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $98.70M $83.11M
YoY Change 18.76% 7.32%
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 $1.500M $2.200M
YoY Change -31.82% -31.25%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $7.924M $6.905M
YoY Change 14.76% -6.44%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $42.36M $28.63M
YoY Change 47.95% 79.38%
Income Tax $10.62M $7.787M
% Of Pretax Income 25.08% 27.19%
Net Earnings $31.09M $20.89M
YoY Change 48.84% 84.82%
Net Earnings / Revenue 31.49% 25.13%
Basic Earnings Per Share $0.35 $0.24
Diluted Earnings Per Share $0.35 $0.24
COMMON SHARES
Basic Shares Outstanding 86.26M shares 85.32M shares
Diluted Shares Outstanding 87.12M shares 85.98M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.858B
YoY Change
Cash & Equivalents $465.9M $556.3M
Short-Term Investments $1.302B
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $106.6M $107.1M
YoY Change -0.49% 2.0%
Goodwill $23.22M $23.22M
YoY Change 0.0%
Intangibles $3.553M $5.942M
YoY Change -40.21%
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 $9.747B $8.174B
YoY Change 19.24% 18.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $150.0M $130.0M
YoY Change 15.38%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $61.32M $20.00M
YoY Change 206.62% -93.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $150.0M $130.0M
YoY Change 15.38% -57.79%
LONG-TERM LIABILITIES
Long-Term Debt $281.5M $331.0M
YoY Change -14.96% 794.59%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $281.5M $331.0M
YoY Change -14.96% 417.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.0M $130.0M
Total Long-Term Liabilities $281.5M $331.0M
Total Liabilities $8.852B $7.393B
YoY Change 19.74% 17.89%
SHAREHOLDERS EQUITY
Retained Earnings -$30.38M -$153.9M
YoY Change -80.26%
Common Stock $9.000K $9.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $894.8M $781.0M
YoY Change
Total Liabilities & Shareholders Equity $9.747B $8.174B
YoY Change 19.24% 18.04%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $31.09M $20.89M
YoY Change 48.84% 84.82%
Depreciation, Depletion And Amortization $1.500M $2.200M
YoY Change -31.82% -31.25%
Cash From Operating Activities $39.98M $46.09M
YoY Change -13.27% 26.53%
INVESTING ACTIVITIES
Capital Expenditures -$1.100M -$800.0K
YoY Change 37.5% -57.89%
Acquisitions
YoY Change
Other Investing Activities -$287.8M -$192.5M
YoY Change 49.51% 141.23%
Cash From Investing Activities -$288.9M -$193.2M
YoY Change 49.53% 136.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $409.3M $498.8M
YoY Change -17.93% 611.95%
NET CHANGE
Cash From Operating Activities $39.98M $46.09M
Cash From Investing Activities -$288.9M -$193.2M
Cash From Financing Activities $409.3M $498.8M
Net Change In Cash $160.4M $351.7M
YoY Change -54.38% 1320.35%
FREE CASH FLOW
Cash From Operating Activities $39.98M $46.09M
Capital Expenditures -$1.100M -$800.0K
Free Cash Flow $41.08M $46.89M
YoY Change -12.4% 22.35%

Facts In Submission

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CY2014Q1 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
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75680000 USD
CY2014Q1 us-gaap Financing Receivable Recorded Investment Past Due
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CY2013Q4 us-gaap Foreclosed Assets
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CY2012Q4 us-gaap Foreclosed Assets
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CY2013Q1 us-gaap Foreclosed Assets
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CY2013Q1 us-gaap Gain Loss On Disposition Of Assets
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43000 USD
CY2014Q1 us-gaap Gain Loss On Disposition Of Assets
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1411000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Investments
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147000 USD
CY2014Q1 us-gaap Gain Loss On Sale Of Investments
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366000 USD
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366000 USD
CY2013Q1 us-gaap Gain Loss On Sale Of Securities Net
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147000 USD
CY2014Q1 us-gaap Gain On Sale Of Investments
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366000 USD
CY2013Q1 us-gaap Gain On Sale Of Investments
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200000 USD
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CY2013Q1 us-gaap Gains Losses On Sales Of Other Real Estate
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455000 USD
CY2014Q1 us-gaap General Insurance Expense
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2393000 USD
CY2013Q1 us-gaap General Insurance Expense
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2370000 USD
CY2013Q4 us-gaap Goodwill
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Goodwill
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60577000 USD
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80330000 USD
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18191000 USD
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3608000 USD
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CY2014Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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42363000 USD
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28634000 USD
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38000 USD
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CY2014Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
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1200000 USD
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CY2014Q1 us-gaap Mortgage Loans On Real Estate Foreclosures
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CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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229000 USD
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50000 USD
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137000 USD
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10644000 USD
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0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
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0 USD
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0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
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0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0 USD
CY2012Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
-1811000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
-1811000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
0 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
0 USD
CY2014Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
1103000 USD
CY2013Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
761000 USD
CY2013Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
353000 USD
CY2014Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
353000 USD
CY2014Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
24082000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
124909000 USD
CY2013Q4 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
662500000 USD
CY2014Q1 us-gaap Pledged Financial Instruments Not Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
739200000 USD
CY2013Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
353000 USD
CY2014Q1 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
353000 USD
CY2013Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2014Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
1000
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
141000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
141000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
141000 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
141000 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
141000000 USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
141000000 USD
CY2014Q1 us-gaap Prepaid Expense Current And Noncurrent
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4660000 USD
CY2013Q4 us-gaap Prepaid Expense Current And Noncurrent
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4778000 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the consolidated financial statements as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and for the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders&#8217; equity as previously reported.</font></div></div>
CY2014Q1 us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
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CY2013Q1 us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
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CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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38332000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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51196000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
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112000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
279000 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Debt
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98055000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Debt
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218272000 USD
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
0 USD
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
6600000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4072000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
4196000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
5373000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Foreclosed Assets
ProceedsFromSaleOfForeclosedAssets
13512000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
1169000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Restricted Investments
ProceedsFromSaleOfRestrictedInvestments
4911000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
703000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1118000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
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106579000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
105565000 USD
CY2014Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3500000 USD
CY2013Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
5439000 USD
CY2013Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
21702000 USD
CY2014Q1 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
15776000 USD
CY2013Q1 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
30497000 USD
CY2012Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
36227000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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97000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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229000 USD
CY2013Q4 us-gaap Restricted Investments
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30186000 USD
CY2014Q1 us-gaap Restricted Investments
RestrictedInvestments
25275000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61111000 USD
CY2014Q1 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
111085000 USD
CY2013Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
0 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
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CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
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71192000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
332000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
971000 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
28906000 USD
CY2014Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
61324000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
168000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-3397000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
803000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
854000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
703000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1118000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
894805000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
855498000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
781021000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
759421000 USD
CY2013Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
0 USD
CY2014Q1 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
1400000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
3036000 USD
CY2014Q1 us-gaap Trading Securities
TradingSecurities
2943000 USD
CY2013Q1 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2014Q1 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
0 USD
CY2014Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
18000 USD
CY2013Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-2000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
0 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-34000 USD
CY2014Q1 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;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:12px;text-align:left;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 disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term relate to the determination of the allowance for credit losses; estimated cash flows related to PCI loans; fair value determinations related to acquisitions; and determination of the valuation allowance related to deferred tax assets. Although management believes these estimates to be reasonably accurate, actual amounts may differ. In the opinion of management, all adjustments considered necessary have been reflected in the unaudited Consolidated Financial Statements during their preparation.</font></div></div>
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85980000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87123000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86256000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85324000 shares
CY2013Q1 wal Accretion And Amortization Fair Market Value Adjustments Relating To Acquisitions
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-3288000 USD
CY2014Q1 wal Accretion And Amortization Fair Market Value Adjustments Relating To Acquisitions
AccretionAndAmortizationFairMarketValueAdjustmentsRelatingToAcquisitions
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CY2014Q1 wal Amortizationof Low Income Housing Tax Credits
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3000000 USD
CY2013Q4 wal Arps At Carrying Value
ArpsAtCarryingValue
2400000 USD
CY2014Q1 wal Arps At Carrying Value
ArpsAtCarryingValue
8100000 USD
CY2014Q1 wal Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
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11426000 USD
CY2013Q4 wal Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses Accumulated In Investments
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11728000 USD
CY2014Q1 wal Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
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26419000 USD
CY2013Q4 wal Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses Accumulated In Investments
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
40362000 USD
CY2014Q1 wal Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
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14993000 USD
CY2013Q4 wal Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Accumulated In Investments
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28634000 USD
CY2014Q1 wal Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
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8633000 USD
CY2013Q4 wal Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
7010000 USD
CY2014Q1 wal Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
26419000 USD
CY2013Q4 wal Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
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40362000 USD
CY2014Q1 wal Cash Cash Equivalentsand Investment Securities
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2137200000 USD
CY2014Q1 wal Change In Fair Value Of Assets And Liabilities Measured At Fair Value
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CY2013Q1 wal Change In Fair Value Of Assets And Liabilities Measured At Fair Value
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CY2013Q1 wal Change In Unrealized Holding Loss On Afs Securities Net Of Tax
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CY2014Q1 wal Change In Unrealized Holding Loss On Afs Securities Net Of Tax
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10415000 USD
CY2013Q1 wal Changein Unfunded Obligations Non Cash
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35451000 USD
CY2014Q1 wal Changein Unfunded Obligations Non Cash
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16625000 USD
CY2013Q1 wal Customer Service
CustomerService
643000 USD
CY2014Q1 wal Customer Service
CustomerService
620000 USD
CY2014Q1 wal Dilutive Effect Of Stock Options Restricted Stock And Equity Settled Awards
DilutiveEffectOfStockOptionsRestrictedStockAndEquitySettledAwards
867000 shares
CY2013Q1 wal Dilutive Effect Of Stock Options Restricted Stock And Equity Settled Awards
DilutiveEffectOfStockOptionsRestrictedStockAndEquitySettledAwards
656000 shares
CY2014Q1 wal Excess Funds Provided Used Segment Basis
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0 USD
CY2013Q4 wal Financing Receivable Unpaid Principal Balance
FinancingReceivableUnpaidPrincipalBalance
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CY2014Q1 wal Financing Receivable Unpaid Principal Balance
FinancingReceivableUnpaidPrincipalBalance
7173442000 USD
CY2013Q4 wal Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment
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6513981000 USD
CY2014Q1 wal Financing Receivable Unpaid Principal Balance Collectively Evaluated For Impairment
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6829754000 USD
CY2013Q1 wal Financing Receivable Waived Fees And Other Expenses
FinancingReceivableWaivedFeesAndOtherExpenses
22000 USD
CY2014Q1 wal Financing Receivable Waived Fees And Other Expenses
FinancingReceivableWaivedFeesAndOtherExpenses
36000 USD
CY2013Q1 wal Financing Receivables Impaired Troubled Debt Restructuring Write Down Due To Interest Concessions
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133000 USD
CY2014Q1 wal Financing Receivables Impaired Troubled Debt Restructuring Write Down Due To Interest Concessions
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154000 USD
CY2013Q1 wal Financing Receivables Impaired Troubled Debt Restructuring Write Down Due To Principal Forgiveness
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1030000 USD
CY2014Q1 wal Financing Receivables Impaired Troubled Debt Restructuring Write Down Due To Principal Forgiveness
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544000 USD
CY2013Q4 wal Foreclosed Assets Gross
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88421000 USD
CY2013Q1 wal Foreclosed Assets Gross
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108418000 USD
CY2012Q4 wal Foreclosed Assets Gross
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113474000 USD
CY2014Q1 wal Foreclosed Assets Gross
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72226000 USD
CY2013Q1 wal Gain Loss On Foreclosed Assets
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455000 USD
CY2014Q1 wal Gain Loss On Foreclosed Assets
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1168000 USD
CY2014Q1 wal Gains Losses On Transfers To Other Real Estate And Foreclosed Assets
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0 USD
CY2013Q1 wal Gains Losses On Transfers To Other Real Estate And Foreclosed Assets
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320000 USD
CY2013Q4 wal Held To Maturity Securities Accumulated Unrecognized Holding Gain
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4894000 USD
CY2014Q1 wal Held To Maturity Securities Accumulated Unrecognized Holding Gain
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10180000 USD
CY2014Q1 wal Held To Maturity Securities Accumulated Unrecognized Holding Loss
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4435000 USD
CY2013Q4 wal Held To Maturity Securities Accumulated Unrecognized Holding Loss
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6196000 USD
CY2014Q1 wal Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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3955000 USD
CY2013Q4 wal Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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4409000 USD
CY2014Q1 wal Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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480000 USD
CY2013Q4 wal Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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1787000 USD
CY2013Q4 wal Impaired Financing Receivable Unpaid Principal Balance Acquired With Deteriorated Credit Quality
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171165000 USD
CY2014Q1 wal Impaired Financing Receivable Unpaid Principal Balance Acquired With Deteriorated Credit Quality
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156248000 USD
CY2013Q4 wal Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment
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197760000 USD
CY2014Q1 wal Impaired Financing Receivable Unpaid Principal Balance Individually Evaluated For Impairment
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187440000 USD
CY2013Q4 wal Impaired Financing Receivable With No Related Allowance
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0 USD
CY2014Q1 wal Impaired Financing Receivable With No Related Allowance
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0 USD
CY2013Q1 wal Investment In Money Market
InvestmentInMoneyMarket
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CY2014Q1 wal Investment In Money Market
InvestmentInMoneyMarket
1781000 USD
CY2014Q1 wal Investmentin Low Income Housing Tax Credit
InvestmentinLowIncomeHousingTaxCredit
129300000 USD
CY2014Q1 wal Legal Professional And Director Fees
LegalProfessionalAndDirectorFees
3639000 USD
CY2013Q1 wal Legal Professional And Director Fees
LegalProfessionalAndDirectorFees
3023000 USD
CY2013Q1 wal Loan And Repossessed Asset Expense
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1596000 USD
CY2014Q1 wal Loan And Repossessed Asset Expense
LoanAndRepossessedAssetExpense
1234000 USD
CY2013Q1 wal Loans And Loans Receivable Purchases
LoansAndLoansReceivablePurchases
43000000 USD
CY2014Q1 wal Loans And Loans Receivable Purchases
LoansAndLoansReceivablePurchases
15600000 USD
CY2014Q1 wal Loss Contingency For Letters Of Credit
LossContingencyForLettersOfCredit
2100000 USD
CY2013Q4 wal Loss Contingency For Letters Of Credit
LossContingencyForLettersOfCredit
2000000 USD
CY2013Q1 wal Mark To Market Losses Gains Net
MarkToMarketLossesGainsNet
-471000 USD
CY2014Q1 wal Mark To Market Losses Gains Net
MarkToMarketLossesGainsNet
-1276000 USD
CY2014Q1 wal Maximum Loan To Value Ratio
MaximumLoanToValueRatio
0.75
CY2013Q1 wal Maximum Loan To Value Ratio
MaximumLoanToValueRatio
0.75
CY2014Q1 wal Maximum Period Of Internal Loss Allowance Calculation Modal
MaximumPeriodOfInternalLossAllowanceCalculationModal
P5Y
CY2014Q1 wal Maximum Period Of Internal Loss Allowance Calculation Model
MaximumPeriodOfInternalLossAllowanceCalculationModel
P5Y
CY2013Q1 wal Merger Restructure Expense
MergerRestructureExpense
195000 USD
CY2014Q1 wal Merger Restructure Expense
MergerRestructureExpense
157000 USD
CY2014Q1 wal Minimum Period Of Internal Loss Allowance Calculation Model
MinimumPeriodOfInternalLossAllowanceCalculationModel
P1Y
CY2013Q4 wal Money Market Investments
MoneyMarketInvestments
2632000 USD
CY2014Q1 wal Money Market Investments
MoneyMarketInvestments
851000 USD
CY2013Q1 wal Net Loss Gain On Sales Valuations Of Repossessed Assets And Bank Premises Net
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519000 USD
CY2014Q1 wal Net Loss Gain On Sales Valuations Of Repossessed Assets And Bank Premises Net
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-2547000 USD
CY2014Q1 wal Non Performing Assets
NonPerformingAssets
216542000 USD
CY2013Q4 wal Non Performing Assets
NonPerformingAssets
233509000 USD
CY2013Q4 wal Non Performing Loans
NonPerformingLoans
166790000 USD
CY2014Q1 wal Non Performing Loans
NonPerformingLoans
160092000 USD
CY2014Q1 wal Number Of Securities In Unrealized Position
NumberOfSecuritiesInUnrealizedPosition
192 positions
CY2013Q4 wal Number Of Securities In Unrealized Position
NumberOfSecuritiesInUnrealizedPosition
252 positions
CY2014Q1 wal Number Of Unconsolidated Subsidiaries
NumberOfUnconsolidatedSubsidiaries
6 Subsidiary
CY2014Q1 wal Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
9 Subsidiary
CY2014Q1 wal Number Of Wholly Owned Subsidiaries Non Bank Subsidiaries
NumberOfWhollyOwnedSubsidiariesNonBankSubsidiaries
2 Subsidiary
CY2014Q1 wal Other Assets Segment
OtherAssetsSegment
521900000 USD
CY2014Q1 wal Other Liabilities Segment
OtherLiabilitiesSegment
360000000 USD
CY2014Q1 wal Percentage Of Commercial Real Estate Loans Occupied By Owners
PercentageOfCommercialRealEstateLoansOccupiedByOwners
0.47
CY2013Q4 wal Percentage Of Commercial Real Estate Loans Occupied By Owners
PercentageOfCommercialRealEstateLoansOccupiedByOwners
0.46
CY2013Q4 wal Percentage Of Loans Considered Unsecured
PercentageOfLoansConsideredUnsecured
0.04
CY2014Q1 wal Percentage Of Loans Considered Unsecured
PercentageOfLoansConsideredUnsecured
0.03
CY2013Q4 wal Percentage Of Mutual Fund In Investment In Fixed Income Investment Grade
PercentageOfMutualFundInInvestmentInFixedIncomeInvestmentGrade
0.80
CY2014Q1 wal Percentage Of Mutual Fund In Investment In Fixed Income Investment Grade
PercentageOfMutualFundInInvestmentInFixedIncomeInvestmentGrade
0.80
CY2013Q1 wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
12120000 USD
CY2014Q1 wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
19473000 USD
CY2013Q1 wal Proceeds From Sale Of Other Real Estate Owned Net
ProceedsFromSaleOfOtherRealEstateOwnedNet
5343000 USD
CY2014Q1 wal Proceeds From Sale Of Other Real Estate Owned Net
ProceedsFromSaleOfOtherRealEstateOwnedNet
13512000 USD
CY2014Q1 wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
5961000 USD
CY2013Q1 wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
6747000 USD
CY2014Q1 wal Purchase Of Investment Tax Credits
PurchaseOfInvestmentTaxCredits
10529000 USD
CY2013Q1 wal Purchase Of Investment Tax Credits
PurchaseOfInvestmentTaxCredits
5084000 USD
CY2014Q1 wal Securities Sold Under Agreement To Repurchase Including Securities Sold Short
SecuritiesSoldUnderAgreementToRepurchaseIncludingSecuritiesSoldShort
109793000 USD
CY2013Q4 wal Securities Sold Under Agreement To Repurchase Including Securities Sold Short
SecuritiesSoldUnderAgreementToRepurchaseIncludingSecuritiesSoldShort
0 USD
CY2014Q1 wal Tax Credit Carryforward Annual Limitationson Deductions From Taxable Income
TaxCreditCarryforwardAnnualLimitationsonDeductionsFromTaxableIncome
1600000 USD
CY2013Q4 wal Troubled Debt Restructured Loans
TroubledDebtRestructuredLoans
89576000 USD
CY2014Q1 wal Troubled Debt Restructured Loans
TroubledDebtRestructuredLoans
89524000 USD
CY2013Q1 wal Unfunded Commitments To Purchase Investment Tax Credits
UnfundedCommitmentsToPurchaseInvestmentTaxCredits
46582000 USD
CY2014Q1 wal Unfunded Commitments To Purchase Investment Tax Credits
UnfundedCommitmentsToPurchaseInvestmentTaxCredits
12298000 USD
CY2014Q1 wal Unfunded Low Income Housing Tax Credit Obligations
UnfundedLowIncomeHousingTaxCreditObligations
68300000 USD
CY2013Q1 wal Unrealized Gain Loss On Cash Flow Hedging Instruments Tax
UnrealizedGainLossOnCashFlowHedgingInstrumentsTax
18000 USD
CY2014Q1 wal Unrealized Gain Loss On Cash Flow Hedging Instruments Tax
UnrealizedGainLossOnCashFlowHedgingInstrumentsTax
0 USD
CY2014Q1 wal Unrealized Loss Pooled Trust Preferred Securities
UnrealizedLossPooledTrustPreferredSecurities
7300000 USD
CY2013Q4 wal Unrealized Loss Pooled Trust Preferred Securities
UnrealizedLossPooledTrustPreferredSecurities
8200000 USD
CY2013Q1 wal Valuation Adjustments Of Other Repossessed Assets Net
ValuationAdjustmentsOfOtherRepossessedAssetsNet
-1017000 USD
CY2014Q1 wal Valuation Adjustments Of Other Repossessed Assets Net
ValuationAdjustmentsOfOtherRepossessedAssetsNet
-35000 USD
CY2013Q1 wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
ValuationAdjustmentsOfOtherRepossessedAssetsValuationAllowance
1017000 USD
CY2014Q1 wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
ValuationAdjustmentsOfOtherRepossessedAssetsValuationAllowance
35000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001212545
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
87588436 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
WESTERN ALLIANCE BANCORPORATION
CY2014Q1 dei Trading Symbol
TradingSymbol
WAL

Files In Submission

Name View Source Status
0001212545-14-000132-index-headers.html Edgar Link pending
0001212545-14-000132-index.html Edgar Link pending
0001212545-14-000132.txt Edgar Link pending
0001212545-14-000132-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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wal-20140331.xml Edgar Link completed
wal-20140331.xsd Edgar Link pending
wal-20140331_cal.xml Edgar Link unprocessable
wal-20140331_def.xml Edgar Link unprocessable
wal-20140331_lab.xml Edgar Link unprocessable
wal-20140331_pre.xml Edgar Link unprocessable
wal331201410q.htm Edgar Link pending
walex31110q3312014.htm Edgar Link pending
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walex3210q3312014.htm Edgar Link pending