2018 Q2 Form 10-Q Financial Statement

#000121254518000172 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $251.6M $207.0M
YoY Change 21.57% 18.88%
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 $3.400M $3.200M
YoY Change 6.25% -8.57%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $27.49M $14.21M
YoY Change 93.48% 36.6%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $130.0M $111.9M
YoY Change 16.15% 27.27%
Income Tax $25.33M $31.96M
% Of Pretax Income 19.48% 28.56%
Net Earnings $104.7M $79.96M
YoY Change 30.91% 29.78%
Net Earnings / Revenue 41.6% 38.64%
Basic Earnings Per Share $1.00 $0.77
Diluted Earnings Per Share $0.99 $0.76
COMMON SHARES
Basic Shares Outstanding 104.7M shares 104.2M shares
Diluted Shares Outstanding 105.4M shares 105.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $506.8M $606.7M
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 $115.4M $120.5M
YoY Change -4.22% -0.04%
Goodwill $289.9M $289.9M
YoY Change 0.0% -0.02%
Intangibles $10.06M $11.75M
YoY Change -14.42% -17.96%
Long-Term Investments $143.0M
YoY Change
Other Assets $39.00M $88.00M
YoY Change -55.68% 35.38%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $21.37B $18.84B
YoY Change 13.39% 12.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $75.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.00M $33.00M
YoY Change -45.45% -13.16%
LONG-TERM LIABILITIES
Long-Term Debt $436.0M $375.0M
YoY Change 16.27% -1.83%
Other Long-Term Liabilities $434.0M $347.0M
YoY Change 25.07% 11.58%
Total Long-Term Liabilities $870.0M $722.0M
YoY Change 20.5% 4.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.00M $33.00M
Total Long-Term Liabilities $870.0M $722.0M
Total Liabilities $18.98B $16.79B
YoY Change 13.04% 12.41%
SHAREHOLDERS EQUITY
Retained Earnings $1.055B $675.8M
YoY Change 56.13% 75.26%
Common Stock $10.00K $10.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.97M $36.65M
YoY Change 39.07% 41.38%
Treasury Stock Shares
Shareholders Equity $2.392B $2.059B
YoY Change
Total Liabilities & Shareholders Equity $21.37B $18.84B
YoY Change 13.39% 12.65%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $104.7M $79.96M
YoY Change 30.91% 29.78%
Depreciation, Depletion And Amortization $3.400M $3.200M
YoY Change 6.25% -8.57%
Cash From Operating Activities $159.1M $87.40M
YoY Change 82.04% 99.54%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$2.500M
YoY Change -52.0% -28.57%
Acquisitions
YoY Change
Other Investing Activities -$590.5M -$797.7M
YoY Change -25.97% -53.68%
Cash From Investing Activities -$591.7M -$800.2M
YoY Change -26.06% -53.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 500.1M 672.4M
YoY Change -25.62% -50.09%
NET CHANGE
Cash From Operating Activities 159.1M 87.40M
Cash From Investing Activities -591.7M -800.2M
Cash From Financing Activities 500.1M 672.4M
Net Change In Cash 67.50M -40.40M
YoY Change -267.08% -87.93%
FREE CASH FLOW
Cash From Operating Activities $159.1M $87.40M
Capital Expenditures -$1.200M -$2.500M
Free Cash Flow $160.3M $89.90M
YoY Change 78.31% 90.06%

Facts In Submission

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FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
75000000 USD
CY2017Q2 us-gaap Fees And Commissions
FeesAndCommissions
5203000 USD
us-gaap Fees And Commissions
FeesAndCommissions
9941000 USD
CY2018Q2 us-gaap Fees And Commissions
FeesAndCommissions
5672000 USD
us-gaap Fees And Commissions
FeesAndCommissions
11417000 USD
CY2017Q2 us-gaap Fees And Commissions Credit And Debit Cards
FeesAndCommissionsCreditAndDebitCards
1516000 USD
us-gaap Fees And Commissions Credit And Debit Cards
FeesAndCommissionsCreditAndDebitCards
3008000 USD
CY2018Q2 us-gaap Fees And Commissions Credit And Debit Cards
FeesAndCommissionsCreditAndDebitCards
2033000 USD
us-gaap Fees And Commissions Credit And Debit Cards
FeesAndCommissionsCreditAndDebitCards
4005000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
124704000 USD
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
127649000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
131811000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
140050000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
144659000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
147083000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
132813000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
144246000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
5606000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2349000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3972000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1325000 USD
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
3559000 USD
CY2017Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2810000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
5553000 USD
CY2018Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
3901000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7526000 USD
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
14879626000 USD
CY2018Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
15940558000 USD
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
98554000 USD
CY2018Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
107607000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
1
CY2018Q2 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
2
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
7
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
4900000 USD
CY2018Q2 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
16600000 USD
us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
FinancingReceivableModificationsPostModificationRecordedInvestment2
31600000 USD
CY2017Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
1 TDRs
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
2 TDRs
CY2018Q2 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2017Q2 us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
300000 USD
us-gaap Financing Receivable Modifications Subsequent Default Recorded Investment1
FinancingReceivableModificationsSubsequentDefaultRecordedInvestment1
400000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
43000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
0 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
15061371000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
16124002000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
43925000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
34017000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
32564000 USD
CY2018Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
14258000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
9200000 USD
CY2018Q2 us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
3100000 USD
us-gaap Financing Receivable Significant Sales
FinancingReceivableSignificantSales
34100000 USD
CY2016Q4 us-gaap Foreclosed Assets
ForeclosedAssets
47815000 USD
CY2017Q1 us-gaap Foreclosed Assets
ForeclosedAssets
45200000 USD
CY2017Q2 us-gaap Foreclosed Assets
ForeclosedAssets
30988000 USD
CY2017Q4 us-gaap Foreclosed Assets
ForeclosedAssets
28540000 USD
CY2018Q1 us-gaap Foreclosed Assets
ForeclosedAssets
30194000 USD
CY2018Q2 us-gaap Foreclosed Assets
ForeclosedAssets
27541000 USD
CY2017Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
832000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1874000 USD
CY2018Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1181000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2383000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
260000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
50000 USD
CY2017Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
800000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1800000 USD
CY2018Q2 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1200000 USD
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
2400000 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-47000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
588000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
CY2017Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
-47000 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
588000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
us-gaap Gain Loss On Sale Of Securities Net
GainLossOnSaleOfSecuritiesNet
0 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
-107000 USD
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1443000 USD
CY2017Q2 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
78000 USD
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
713000 USD
CY2018Q2 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 USD
CY2017Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-66000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-172000 USD
CY2018Q2 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
148000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
1390000 USD
CY2017Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
3589000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
6817000 USD
CY2018Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
3885000 USD
us-gaap General Insurance Expense
GeneralInsuranceExpense
7754000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
289895000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
289895000 USD
CY2017Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
255050000 USD
CY2018Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
280186000 USD
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
4514000 USD
CY2018Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
2080000 USD
CY2017Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
3250000 USD
CY2018Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
7548000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
3250000 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
7548000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
107921000 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionFairValue
121943000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3250000 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7548000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
107921000 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
121943000 USD
CY2017Q4 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 USD
CY2018Q2 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
0 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2035000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1122000 USD
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1995000 USD
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
350000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
678000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
24608000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
24818000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
248869000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
254168000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
1241000 USD
CY2018Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
1200000 USD
CY2017Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
256314000 USD
CY2018Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
274718000 USD
CY2017Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
107816000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
105504000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
104403000 USD
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
98743000 USD
CY2017Q2 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
1115000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
436000 USD
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
874000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
98554000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
107607000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
5606000 USD
CY2018Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
2349000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
79239000 USD
CY2018Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
104084000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
156789000 USD
CY2018Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
187911000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
19315000 USD
CY2018Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3523000 USD
CY2017Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
20795000 USD
CY2018Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
4248000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
111924000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
209755000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
130004000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
251718000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31964000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56453000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25325000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46139000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
53937000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
14792000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
33300000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1481249000 USD
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
1114996000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8108000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-26419000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4459000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-10880000 USD
CY2017Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
4375000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
9639000 USD
CY2018Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
5586000 USD
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
10793000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10853000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10056000 USD
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
300700000 USD
CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
300000000 USD
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
206953000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
399218000 USD
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
251602000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
486299000 USD
CY2017Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
2000 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
9000 USD
CY2018Q2 us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
0 USD
us-gaap Interest And Dividend Income Securities
InterestAndDividendIncomeSecurities
0 USD
CY2017Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
183657000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
356210000 USD
CY2018Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
222035000 USD
us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
427994000 USD
CY2017Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
9538570000 USD
CY2018Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
10139622000 USD
CY2017Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
235577000 USD
CY2018Q2 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
335520000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
14210000 USD
us-gaap Interest Expense
InterestExpense
27166000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
27494000 USD
us-gaap Interest Expense
InterestExpense
47971000 USD
CY2017Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
59000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
249000 USD
CY2018Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1936000 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3262000 USD
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
791000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
1540000 USD
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
1019000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
1923000 USD
CY2017Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
9645000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
18057000 USD
CY2018Q2 us-gaap Interest Expense Deposits
InterestExpenseDeposits
19849000 USD
us-gaap Interest Expense Deposits
InterestExpenseDeposits
34022000 USD
CY2017Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
13000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
29000 USD
CY2018Q2 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
14000 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
23000 USD
CY2017Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
4493000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
8831000 USD
CY2018Q2 us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
5695000 USD
us-gaap Interest Expense Subordinated Notes And Debentures
InterestExpenseSubordinatedNotesAndDebentures
10664000 USD
CY2017Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
189743000 USD
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
364802000 USD
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us-gaap Interest Income Expense After Provision For Loan Loss
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us-gaap Interest Income Expense Net
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CY2018Q2 us-gaap Interest Income Expense Net
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CY2018Q2 us-gaap Interest Income Securities Taxable
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us-gaap Noninterest Income
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Payments For Proceeds From Loans And Leases
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us-gaap Payments To Acquire Restricted Investments
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us-gaap Proceeds From Sale Of Available For Sale Securities
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75332000 USD
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us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stockholders Equity
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us-gaap Treasury Stock Acquired Average Cost Per Share
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CY2017Q2 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2018Q2 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2017Q4 wal Interest Rate Markson Acquired Loans
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CY2017Q4 wal Investmentin Low Income Housing Tax Credit
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0 USD
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CY2017Q4 wal Non Performing Assets
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NonPerformingLoans
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CY2017Q4 wal Number Of Securities In Unrealized Position
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302 positions
CY2018Q2 wal Number Of Securities In Unrealized Position
NumberOfSecuritiesInUnrealizedPosition
391 positions
wal Number Of Unconsolidated Subsidiaries
NumberOfUnconsolidatedSubsidiaries
8 Subsidiary
wal Number Of Wholly Owned Subsidiaries Non Bank Subsidiaries
NumberOfWhollyOwnedSubsidiariesNonBankSubsidiaries
2 Subsidiary
CY2018Q2 wal Numberof Statutory Business Trusts Formedor Acquired
NumberofStatutoryBusinessTrustsFormedorAcquired
8 Trust
CY2017Q4 wal Other Assets Segment
OtherAssetsSegment
808900000 USD
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OtherAssetsSegment
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CY2017Q2 wal Other Comprehensive Income Loss Unrealized Gain Losson Debt Carriedat Fair Value Tax
OtherComprehensiveIncomeLossUnrealizedGainLossonDebtCarriedatFairValueTax
1287000 USD
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CY2017Q2 wal Other Comprehensive Income Loss Unrealized Gain Losson Junior Subordinated Debt Carriedat Fair Value
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748000 USD
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2214000 USD
CY2017Q4 wal Other Liabilities Segment
OtherLiabilitiesSegment
360000000 USD
CY2018Q2 wal Other Liabilities Segment
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452200000 USD
CY2017Q2 wal Othernoninterestincome
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126000 USD
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245000 USD
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175000 USD
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CY2017Q2 wal Otherrevenue
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CY2018Q2 wal Otherrevenue
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5035000 USD
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Otherrevenue
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CY2017Q2 wal Over Collateralization On Derivatives To Banks After Application Of Master Netting Agreements And Collateral
OverCollateralizationOnDerivativesToBanksAfterApplicationOfMasterNettingAgreementsAndCollateral
17900000 USD
CY2017Q4 wal Over Collateralization On Derivatives To Banks After Application Of Master Netting Agreements And Collateral
OverCollateralizationOnDerivativesToBanksAfterApplicationOfMasterNettingAgreementsAndCollateral
25000000 USD
CY2018Q2 wal Over Collateralization On Derivatives To Banks After Application Of Master Netting Agreements And Collateral
OverCollateralizationOnDerivativesToBanksAfterApplicationOfMasterNettingAgreementsAndCollateral
11600000 USD
wal Paymentsto Acquire Securities Equity
PaymentstoAcquireSecuritiesEquity
0 USD
wal Paymentsto Acquire Securities Equity
PaymentstoAcquireSecuritiesEquity
41660000 USD
CY2017Q4 wal Percentage Of Commercial Real Estate Loans Occupied By Owners
PercentageOfCommercialRealEstateLoansOccupiedByOwners
0.36
CY2018Q2 wal Percentage Of Commercial Real Estate Loans Occupied By Owners
PercentageOfCommercialRealEstateLoansOccupiedByOwners
0.36
CY2017Q2 wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
17208000 USD
wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
20321000 USD
CY2018Q2 wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
3247000 USD
wal Proceeds From Sale Of Other Real Estate Owned Gross
ProceedsFromSaleOfOtherRealEstateOwnedGross
8541000 USD
wal Proceeds From Sale Of Other Real Estate Owned Net
ProceedsFromSaleOfOtherRealEstateOwnedNet
18271000 USD
wal Proceeds From Sale Of Other Real Estate Owned Net
ProceedsFromSaleOfOtherRealEstateOwnedNet
8100000 USD
CY2017Q2 wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
1826000 USD
wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
2050000 USD
CY2018Q2 wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
431000 USD
wal Proceeds From Sale Of Other Real Estate Owned Valuation Allowance
ProceedsFromSaleOfOtherRealEstateOwnedValuationAllowance
441000 USD
wal Proceeds From Sale Of Securities Measured At Fair Value
ProceedsFromSaleOfSecuritiesMeasuredAtFairValue
995000 USD
wal Proceeds From Sale Of Securities Measured At Fair Value
ProceedsFromSaleOfSecuritiesMeasuredAtFairValue
0 USD
wal Proceedsfrom Sale Paymentsto Purchase Investment In Money Market
ProceedsfromSalePaymentstoPurchaseInvestmentInMoneyMarket
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wal Proceedsfrom Sale Paymentsto Purchase Investment In Money Market
ProceedsfromSalePaymentstoPurchaseInvestmentInMoneyMarket
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wal Purchase Of Investment Tax Credits
PurchaseOfInvestmentTaxCredits
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wal Purchase Of Investment Tax Credits
PurchaseOfInvestmentTaxCredits
32631000 USD
wal Purchaseof Sbic Investments
PurchaseofSBICInvestments
0 USD
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CY2017Q4 wal Qualifying Debt
QualifyingDebt
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CY2018Q2 wal Qualifying Debt
QualifyingDebt
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wal Restrictedstocksurrendered
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CY2017Q2 wal Success Fees
SuccessFees
136000 USD
wal Success Fees
SuccessFees
461000 USD
CY2018Q2 wal Success Fees
SuccessFees
914000 USD
wal Success Fees
SuccessFees
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CY2017Q4 wal Troubled Debt Restructured Loans
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CY2018Q2 wal Troubled Debt Restructured Loans
TroubledDebtRestructuredLoans
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wal Unfunded Commitments To Purchase Investment Tax Credits
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67718000 USD
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UnfundedCommitmentsToPurchaseInvestmentTaxCredits
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CY2017Q4 wal Unfunded Low Income Housing Tax Credit Obligations
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CY2018Q2 wal Unfunded Low Income Housing Tax Credit Obligations
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173300000 USD
CY2018Q2 wal Unrealizedgainsorlossesonequitysecurities
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CY2017Q2 wal Valuation Adjustments Of Other Repossessed Assets Net
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wal Valuation Adjustments Of Other Repossessed Assets Net
ValuationAdjustmentsOfOtherRepossessedAssetsNet
224000 USD
CY2018Q2 wal Valuation Adjustments Of Other Repossessed Assets Net
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15000 USD
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ValuationAdjustmentsOfOtherRepossessedAssetsNet
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CY2017Q2 wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
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wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
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224000 USD
CY2018Q2 wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
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wal Valuation Adjustments Of Other Repossessed Assets Valuation Allowance
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us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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 reported in prior periods may have been reclassified in the Consolidated Financial Statements to conform to the current presentation. The reclassifications have no effect on net income or stockholders&#8217; equity as previously reported.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<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. Management's estimates and judgments are ongoing and are based on experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities, as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from those estimates and assumptions used in the Consolidated Financial Statements and related notes. 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 certain assets and liabilities carried at fair value; and accounting for income taxes. </font></div></div>

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