Cathay General Bancorp CATY Income Statement

Cathay general bancorp (CATY)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
INTEREST AND DIVIDEND INCOME
Loans receivable, including loan fees
729,619	652,480	549,291	473,782	427,621	390,440	359,959	360,643	364,580	380,662	401,831
Investment securities
33,037	28,603	20,531	21,426	21,523	24,237	43,412	62,395	83,083	106,568	123,939
Investment securities- nontaxable
-	-	-	-	-	-	995	4,161	4,218	854	788
Federal Home Loan Bank stock
1,207	1,663	1,798	2,099	3,164	1,974	1,480	485	177	237	149
Federal funds sold and securities purchased under agreement to resell
0	0	110	-	0	-	-	18	83	14	1,351
Deposits with banks
5,404	5,209	4,421	1,763	1,398	1,996	1,150	2,042	1,430	1,259	673
Total interest and dividend income
769,267	687,955	576,151	499,070	453,706	418,647	406,996	429,744	453,571	489,594	528,731
Interest Expense
Time deposits
152,791	86,368	46,768	43,327	39,443	35,111	31,964	33,441	42,204	54,219	83,349
Other deposits
25,311	20,503	19,076	16,094	12,445	10,658	8,425	13,932	20,010	29,943	50,207
Interest on securities sold under agreements to repurchase
0	1,446	4,250	15,329	15,813	24,685	37,692	55,699	60,733	66,141	65,182
Advances from Federal Home Loan Bank
7,441	3,739	2,712	659	487	945	528	270	12,033	37,527	42,442
Long-term debt
7,847	8,723	5,775	5,791	5,776	4,467	3,691	5,149	4,890	3,852	4,835
Deferred payments from acquisition
568	1,090	1,861	-	0	-	-	-	-	-	-
Short-term borrowings
403	187	0	-	-	-	-	-	11	6	24
Total interest expense
194,361	122,056	80,442	81,200	73,964	75,866	82,300	108,491	139,881	191,688	246,039
Net interest income before provision for credit losses
574,906	565,899	495,709	417,870	379,742	342,781	324,696	321,253	313,690	297,906	282,692
Provision for credit losses
-7,000	-4,500	-2,500	-15,650	-11,400	-10,800	-3,000	-9,000	27,000	156,900	307,000
Net interest income after provision for credit losses
581,906	570,399	498,209	433,520	391,142	353,581	327,696	330,253	286,690	141,006	-24,308
Non-Interest Income
Net (losses)/gains from equity securities
5,736	-2,787	0	-	-	-	-	-	-	-	-
Securities losses, net
211	22	1,006	4,898	-3,349	6,748	27,362	18,026	21,131	18,695	55,644
Letters of credit commissions
6,407	5,614	4,860	4,939	5,545	6,043	6,281	6,316	5,644	4,466	4,216
Depository service fees
31,481	27,985	25,649	25,486	5,348	5,288	5,701	5,453	5,420	5,220	5,206
Gain from acquisition.
0	340	5,628	-	0	-	-	-	-	-	-
Other operating income
27,634	23,434	19,179	18,055	25,130	22,448	20,963	16,712	18,697	3,870	13,588
Total non-interest income
44,751	31,707	36,297	33,370	32,674	40,527	60,307	46,507	50,892	32,251	78,654
Non-Interest Expense
Salaries and employee benefits
129,300	124,477	109,458	97,348	89,960	89,893	88,276	78,377	71,849	58,835	60,795
Occupancy expense
22,004	20,690	20,429	18,315	17,018	15,735	14,846	14,608	14,225	12,188	16,109
Computer and equipment expense
11,113	11,402	10,846	9,777	9,828	9,793	9,768	9,591	8,508	8,230	7,856
Professional services expense
23,107	22,810	20,439	18,686	17,316	15,927	24,574	21,768	20,209	17,630	16,428
Data processing service expense
13,210	12,438	11,190	8,957	7,698	6,707	-	-	-	-	-
FDIC and regulatory assessments
9,617	8,000	10,633	9,712	9,087	8,796	7,351	8,339	12,494	19,549	19,386
Marketing expense
7,585	7,837	6,200	5,092	4,926	4,126	3,403	4,607	3,175	3,160	2,593
Other real estate owned (income)/expense
1,115	-719	-1,649	856	-800	-1,304	-235	15,116	10,583	16,011	36,075
Amortization of investments in low income housing and alternative energy partnerships
39,731	40,515	27,212	40,264	33,335	6,990	7,253	6,306	8,153	7,611	7,338
Amortization of core deposit intangibles
687	876	930	689	667	719	4,533	5,663	5,859	5,958	6,636
Acquisition and integration costs
0	2,105	4,121	-	0	-	-	-	-	-	-
Cost associated with debt redemption
-	-	-	-	-	3,348	22,557	12,120	20,231	14,261	-
Other operating expense
19,819	13,988	16,390	14,994	13,685	13,583	11,507	16,094	10,280	12,278	9,821
Total non-interest expense
277,288	264,419	236,199	224,690	202,720	174,313	193,833	192,589	185,566	175,711	183,037
Income before income tax expense
349,369	337,687	298,307	242,200	221,096	219,795	194,170	184,171	152,016	-2,454	-128,691
Income tax expense
70,234	65,802	122,265	67,101	59,987	81,965	70,435	66,128	51,261	-14,629	-61,912
Net income
-	-	-	-	-	-	123,735	118,043	100,755	12,175	-66,779
Less: net income attributable to noncontrolling interest
-	-	-	-	-	-	592	605	605	610	611
Net income
279,135	271,885	176,042	175,099	161,109	137,830	123,143	117,438	100,150	11,565	-67,390
Other Comprehensive Income, net of tax
Dividends on preferred stock
-	-	-	-	-	-	9,685	16,488	16,437	16,388	16,338
Net income attributable to common stockholders
-	-	-	-	-	-	113,458	100,950	83,713	-4,823	-83,728
Unrealized holding gains/(losses) on securities available-for-sale
23,628	-7,934	1,068	6,725	-4,200	30,468	-14,335	19,645	4,538	7,714	-806
Unrealized holding (losses)/gains on cash flow hedge derivatives
-3,171	1,525	719	825	-598	-2,397	-	-	-	-	-
Less: reclassification adjustment for gains included in net income
149	15	583	2,839	-1,941	3,911	15,859	10,448	12,248	-	-
Less: reclassification adjustments included in net income
-	-	-	-	-	-	-	-	-	-7,860	23,396
Total other comprehensive gain, net of tax
20,300	-6,424	1,204	4,711	-2,857	24,160	-30,194	9,197	-7,710	-146	24,202
Total other comprehensive income
299,443	265,461	177,246	179,810	158,252	161,990	92,949	126,635	92,440	11,419	-91,592
Net Income Per Common Share:
Basic (in dollars per share)
3.49	3.35	2.19	2.21	2.00	1.73	1.44	1.28	1.06	-0.06	-1.59
Diluted (in dollars per share)
3.48	3.33	2.17	2.19	1.98	1.72	1.43	1.28	1.06	-0.06	-1.59
Average Common Shares Outstanding:
Basic (in shares)
79,999	81,131	80,262	79,153	80,563	79,661	78,954	78,719	78,633	77,073	52,629
Diluted (in shares)
80,247	81,607	81,004	79,929	81,294	80,106	79,137	78,723	78,640	77,073	52,629
Deposit Account [Member]
Depository service fees
4,763	5,084	5,624	5,478	-	-	-	-	-	-	-