Banc of california, inc. (BANC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net (loss) income

23,759

45,472

57,709

115,416

62,072

30,205

-84

5,996

-2,728

2,825

-999

Adjustments to reconcile net (loss) income to net cash provided by operating activities
Provision for loan losses

36,387

30,215

13,699

5,271

7,469

10,976

7,963

5,500

5,388

8,957

17,296

(Reversal of) provision for unfunded loan commitments

-558

906

1,331

318

198

-

-

-

-

-

-

Reversal of provision for loan repurchases

-660

-2,488

-1,812

-3,352

2,326

2,808

2,383

256

-

-

-

Depreciation on premises and equipment

16,427

10,878

12,425

11,680

9,154

6,834

4,283

1,714

650

390

446

Amortization of Intangible Assets

2,200

3,000

3,900

4,851

5,836

4,079

2,651

696

-

-

-

Amortization of debt issuance costs

247

233

247

704

727

686

385

135

-

-

-

Net amortization of premium on securities

-783

-1,213

2,432

-1,206

-1,602

-746

-1,742

-1,430

333

1,765

1,900

Debt Securities, Realized Gain (Loss)

-

-

-

29,405

-

-

-

-

-

-

-

Other than Temporary Impairment Losses, Investments

731

3,252

0

0

-

-

-

-

-

-

15

Originations of other loans held for sale

0

5,839

97,156

614,596

803,936

-

-

-

-

-

-

Interest capitalized on negative amortizing loans

-

-

-

-

-

-

-

-

-

-

-16

Net amortization of deferred loan costs and fees

-916

612

1,318

1

-512

1,296

248

-662

-715

-438

-319

Accretion of discounts on purchased loans

365

637

4,808

36,800

30,933

34,776

20,304

2,218

-

-

-

Loss (gain) from change of fair value on mortgage servicing rights

0

-1,533

-17,051

-17,729

-8,765

-

298

-238

-

-

-

Deferred income tax expense

-622

-5,911

-30,372

5,613

7,279

-17,157

7,573

100

1,949

-1,201

103

Bank owned life insurance income

2,292

2,176

2,339

2,341

1,076

224

177

253

300

219

369

Employee stock ownership plan compensation expense

-

-

-

-

-

-

-

-

605

455

290

Stock option compensation expense

-

-

-

-

-

480

582

495

816

94

46

Stock award compensation expense

-

-

-

-

-

5,838

2,311

1,188

-

-

-

Change in fair value of converted stock options related to business acquisition

-

-

-

-

-

-

9

0

-

-

-

Stock appreciation right compensation expense

-

-

-

-

-

1,889

1,072

0

-

-

-

Share-based compensation expense

5,039

6,565

12,134

11,947

9,328

-

-

-

412

29

77

Unrealized Gain (Loss) on Derivatives

-8,964

0

0

-

-

-

-

-

-

-

-

(Gain) loss on investments in alternative energy partnerships

-

-

-

-

0

0

-

-

-

-

-

Income (Loss) from Equity Method Investments

-5,214

-5,044

-30,786

-31,510

-

-

-

-364

-313

-327

-338

Impairment on intangible assets

0

0

336

690

258

48

1,061

0

-

-

-

Impairment on capitalized software projects

1,500

2,000

2,000

595

0

0

-

-

-

-

-

Net revenue on mortgage banking activities

0

428

42,889

167,024

144,685

95,430

67,890

21,310

-

-

-

Debt redemption costs

-

-

-

-2,737

0

0

-

-

-

-

-

Gain (Loss) on Sales of Loans, Net

7,872

1,932

11,942

35,895

37,211

19,828

8,700

1,106

-

-

-

Debt Securities, Available-for-sale, Realized Gain (Loss)

-4,852

5,532

14,768

-

3,258

1,183

331

-83

2,888

3,274

-

Loss from change of fair value on mortgage servicing rights

0

-1,533

-17,051

-17,729

-8,765

-1,564

298

-238

-

-

-

Loss on sale or disposal of property and equipment

-67

1,741

-1,070

-122

-80

-942

0

412

-

3

-3

Gain (Loss) from Sale of Mortgage Servicing RIghts (MSR)

0

-2,300

0

0

-

2,318

0

0

-

-

-

Loss (gain) on sale of other real estate owned

-

-

-

-

-

66

464

464

-760

-332

-79

Gain on sale of building

-

-

-

-

9,919

0

0

-

-

-

-

Gain on sale of branches

-

-

-

-

163

456

12,104

0

-

-

-

Gain (Loss) on Disposition of Stock in Subsidiary

-

-

-

3,694

0

0

-

-

-

-

-

Gain on sale of business unit

-

-

-

2,629

0

0

-

11,627

-

-

-

Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax

0

1,439

13,796

0

0

-

-

-

-

-

-

Increase in valuation allowances on other real estate owned

-

-

-

-

-

32

97

703

4,843

2,679

700

Repurchase of mortgage loans

1,929

12,666

31,913

40,822

19,387

3,343

0

0

-

-

-

Originations of loans held-for-sale from mortgage banking

0

0

1,533,889

5,135,046

4,388,042

2,822,406

1,943,000

515,327

-

-

-

Originations of other loans held-for-sale

0

5,839

97,156

614,596

803,936

1,439,700

441,969

0

-

-

-

Proceeds from sales of and principal collected on loans held-for-sale from mortgage banking

6,210

25,216

1,961,275

5,279,187

4,406,924

2,838,771

1,916,746

495,796

-

-

-

Proceeds from sales of and principal collected on other loans held-for-sale

426

7,037

302,695

615,437

882,288

923,494

107,222

0

-

-

-

Amortization of premiums and discounts on purchased loans

-

-

-

-

-

-

-

-

-1,685

-

-

Change in accrued interest receivable and other assets

15,447

-24,860

-2,604

43,200

23,607

4,247

5,865

322

38

-460

-263

Change in other assets

-

-

-

-

-

5,875

-4,140

-4,372

-304

-12,321

7,299

Change in accrued interest payable and other liabilities

-3,698

-5,262

-66,802

27,905

14,410

-8,603

5,347

346

4,855

431

-

Accrued interest payable and other liabilities

-

-

-

-

-

-

-

-

-

-

-2,397

Net cash provided by operating activities

80,255

123,003

563,011

18,113

-42,989

-627,516

-435,489

-32,965

13,638

23,276

6,995

Cash flows from investing activities:
Proceeds from sales of securities available-for-sale

1,196,498

417,870

981,481

4,096,453

989,786

111,764

127,298

11,940

62,823

4,525

-

Proceeds from maturities and calls of securities available-for-sale

53,090

607,601

518,978

51,550

687

1,231

12,606

52,287

5,000

18,665

10,040

Proceeds from principal repayments of securities available-for-sale

36,541

43,378

43,936

95,556

109,026

41,142

98,287

0

21,355

-

-

Proceeds from maturities and calls of securities held-to-maturity

0

0

143,505

78,050

0

0

-

-

-

-

-

Purchases of securities available-for-sale

195,258

521,575

962,390

5,723,578

1,591,883

327,069

71,129

77,697

128,975

29,110

40,607

Purchases of securities held-to-maturity

-

-

-

-

962,052

0

0

-

-

-

-

Purchases of bank owned life insurance

500

0

0

-

80,000

0

0

-

-

-

-

Net cash provided by disposal of discontinued operations

0

0

56,123

0

0

0

-448,891

0

-

-

-

Loan originations and principal collections, net

-573,490

1,374,702

1,128,172

1,778,994

501,927

376,771

385,272

-159,105

75,307

-36,273

-14,581

Net cash used in acquisitions

-

-

-

-

-

23,409

-5,644

-43,671

-

-

-

Net cash used in branch sale

-

-

-

-

46,731

0

-

-

-

-

-

Proceeds from sale of subsidiary

-

-

-

259

0

0

-

-

-

-

-

Proceeds from sale of business unit

-

-

-

246,957

-

-

-

-

-

-

-

Purchase of loans

0

59,481

0

182,231

705,709

38,572

857,733

96,917

58,027

182

-

Redemption of Federal Home Loan Bank stock

82,835

66,710

29,612

38,988

18,459

559

25

702

1,351

1,041

-

Purchase of Federal Home Loan Bank and other bank stock

74,161

59,150

37,424

47,798

35,287

20,200

13,783

0

-

-

-

Proceeds from sale of loans

1,146,562

376,837

605,502

930,342

575,477

161,638

276,516

79,307

-

-

-

Net change in time deposits in financial institutions

0

0

1,000

500

400

-54

3,181

0

-

-

-

Net change in other interest-bearing deposits

-

-

-

-

-

-

-

-

-

-

893

Proceeds from sale of other real estate owned

843

1,795

3,508

1,737

909

264

5,123

13,789

9,069

10,496

6,182

Proceeds from sale of mortgage servicing rights

0

30,056

1,496

5

5,862

18,808

0

0

-

-

-

Proceeds from sale of premises and equipment

0

4,193

2,663

28

50,639

79

0

1,324

-

-

-

Purchases of premises and equipment

10,478

9,001

15,323

44,683

83,259

11,663

54,965

6,151

4,891

-2,441

-295

Purchase of interest bearing deposits

-

-

-

-

-

-

-

-353

-

-

-

Payments of capital lease obligations

574

463

1,434

23,324

0

901

389

54

-

-

-

Payments to Acquire Equity Method Investments

14,800

6,361

35,826

954

947

0

-

624

-

-

-

Increase in investments in alternative energy partnerships

-1,219

-12,547

55,377

57,149

0

0

-

-

-

-

-

Proceeds from sale of buildings and equipment

-

-

-

-

-

-

-

-

-

4

-

Net cash provided by investing activities

2,795,307

-469,746

151,858

-2,318,286

-2,256,550

-463,154

-1,303,482

-137,881

-167,602

39,271

-9,206

Cash flows from financing activities:
Net increase (decrease) in deposits

-2,489,477

623,741

-1,849,247

2,839,065

1,677,855

676,372

1,514,930

105,692

140,026

-12,124

60,255

Net decrease in short-term Federal Home Loan Bank advances

-200,000

-430,000

805,000

-390,000

362,000

143,000

133,167

55,000

-

-

-

Repayment of long-term Federal Home Loan Bank advances

125,000

125,000

100,000

50,000

465,000

10,000

0

-

55,000

60,000

60,000

Proceeds from long-term Federal Home Loan Bank advances

0

380,000

500,000

0

400,000

250,000

0

-

-

-

20,000

Net decrease in other short-term borrowings

0

0

68,000

68,000

0

0

-

642

-

-

-

Purchase of preferred stock

-

-

-

-

-

-

-

-

-

19,300

-

Net proceeds from issuance of common stock

-

-

-

175,078

0

103,656

67,792

0

26,542

52,860

-

Proceeds from Issuance of Preferred Stock and Preference Stock

-

-

-

120,255

110,873

0

37,943

-7

31,935

-

-

Net proceeds from issuance of long-term debt

-

-

-

-

172,304

0

0

80,283

-

-

-

Net proceeds from issuance of tangible equity units

-

-

-

-

-

64,959

0

0

-

-

-

Redemption of preferred stock

46,396

40,250

0

42,000

0

0

-

-

-

-

-

Payment of junior subordinated amortizing notes

0

0

2,684

5,078

4,715

2,157

0

0

-

-

-

Redemption of senior notes

-

-

-

84,750

0

0

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

280

5,005

565

55

5

45

Cash settlements of stock options

-

-

-

359

0

0

-

-

-

-

-

Redemption/issuance of warrants

-

-

-

-

-

-

-

-

-1,003

3,172

-13

Proceeds from exercise of stock options

0

0

2,043

0

501

993

540

0

-

-

-

Purchase of restricted stock surrendered due to employee tax liability

1,023

2,366

6,824

4,436

2,254

-

-

-

-

-

-

Tax benefit/(loss) from RRP shares vesting

-

-

-

-

-

-

-

-

-

-

-46

Tax expense from restricted stock vesting

-

-

-

-

-

-

-

-17

-4

-6

-

Dividend equivalents paid on stock appreciation rights

483

810

810

742

699

471

0

0

-

-

-

Tax effect of ESOP

-

-

-

-

-

-

-

-

256

-

-

Tax effect of options redeemed

-

-

-

-

-

-

-

-

147

-

-

ESOP forfeitures to reduce ESOP contribution

-

-

-

-

-

-

-

-

-7

-

63

Dividends paid on preferred stock

15,559

21,954

20,451

19,630

9,446

3,652

2,185

1,359

534

925

964

Dividends paid on common stock

15,744

32,725

25,707

21,844

16,955

10,669

6,736

4,655

2,978

1,715

1,554

Net cash used in financing activities

-2,893,682

350,636

-766,680

2,583,559

2,224,464

1,211,751

1,740,446

235,014

139,339

-38,043

17,570

Net change in cash and cash equivalents

-18,120

3,893

-51,811

283,386

-75,075

121,081

1,475

64,168

-14,625

24,504

15,359

Supplemental cash flow information
Interest paid on deposits and borrowed funds

151,508

130,793

81,805

59,380

44,810

32,592

23,277

7,606

6,045

10,931

18,193

Income taxes paid

2,924

8,324

11,318

42,377

33,429

9,855

0

0

950

3,850

1,750

Income taxes refunds received

202

4,532

14,119

1

19

263

0

0

-

-

-

Supplemental disclosure of non-cash activities
Transfer from other real estate owned to contracts receivable

-

-

-

-

-

-

-

-

-

145

-

Transfer from loans to other real estate owned, net

276

672

3,086

3,269

1,598

653

0

3,863

22,802

13,962

12,242

Transfer of loans held-for-investment to loans held-for-sale

1,139,597

376,995

593,977

191,666

0

66,334

181,360

0

-

-

-

Transfer of loans held-for-sale to loans held-for-investment

0

0

88,591

7,115

482,851

117,116

0

0

-

-

-

Reclassification of securities held-to-maturity to securities available-for-sale

0

0

740,863

0

0

-

-

-

-

-

-

Equipment acquired under capital leases

76

82

1,452

16

112

1,313

2,675

532

-

-

-

Reclassification of stranded tax effects to retained earnings

0

496

0

0

-

-

-

-

-

-

-

Receivable on unsettled securities sales

0

0

5,559

0

0

-

-

-

-

-

-

Operating lease right of use assets recognized

28,664

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities recognized

30,065

-

-

-

-

-

-

-

-

-

-

Due on unsettled securities purchases

-

-

-

50,149

0

-

-

-

-

-

-

Loans sold to Ginnie Mae that are subject to a repurchase option

0

0

65,998

16,513

8,378

-

-

-

-

-

-

Conversion of stock appreciation rights to stock options

-

-

-

-

-

-

1,433

0

-

-

-

Transfer from loans to loans provided for sales of other real estate owned

-

-

-

-

-

-

-

-

-

-

1,002