Customers bancorp, inc. (CUBI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

18

33

12

24

41

17

12

22

9

20

13

18

5

37

39

46

63

53

80

44

68

62

89

48

73

60

88

10

6

12

9

2

11

7

7

0

6

Interest earning deposits

237

179

169

71

75

44

653

228

206

125

206

383

152

227

225

256

198

211

302

347

265

308

241

217

216

172

167

194

174

173

148

119

79

65

44

-

225

Cash and cash equivalents

256

212

182

95

117

62

666

251

215

146

219

401

157

264

265

302

262

264

383

391

333

371

331

265

290

233

255

205

181

186

157

122

90

73

52

-

238

Investment securities available for sale, at fair value

712

595

608

708

678

665

668

1,161

1,181

471

584

1,012

1,017

493

530

547

556

560

418

373

396

416

409

425

458

497

497

182

162

129

130

134

27

79

155

-

205

Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

6

Loans held for sale (includes $1,388 and $2,130, respectively, at fair value)

450

486

502

5

1

1

1

1

0

146

2,113

2,255

1,684

0

2,402

2,301

1,969

1,797

1,730

2,030

1,758

1,435

1,395

1,061

697

747

917

1,414

1,359

1,439

1,187

283

175

174

205

-

199

Loans receivable, mortgage warehouse, at fair value

2,518

2,245

2,438

2,001

1,480

1,405

1,516

1,930

1,874

1,793

-

-

-

2,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans and leases receivable

7,353

7,318

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for credit losses on loans and leases

149

56

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total loans and leases receivable, net of allowance for credit losses on loans and leases

9,721

9,508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities held to maturity (fair value 2011 $330,809)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

281

319

361

-

0

Loans and leases receivable

-

-

7,336

7,714

7,264

7,138

7,239

7,181

6,943

6,768

7,061

6,723

6,596

6,154

6,016

6,114

5,907

5,452

4,769

4,524

4,337

4,312

4,065

3,589

3,294

2,465

2,018

1,753

1,516

1,216

976

1,537

1,192

1,215

-873

-

514

Loans receivable covered under Loss Sharing Agreements with the FDIC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

54

61

-

81

91

102

107

110

113

120

126

-140

-

164

Allowance for loan and lease losses

-

-

51

48

43

39

40

38

39

38

38

38

39

37

37

38

37

35

33

37

33

30

31

28

26

23

26

28

26

25

24

16

15

15

14

-

15

Total loans and leases receivable, net of allowance for loan and lease losses

-

-

9,723

9,667

8,700

8,503

8,715

9,074

8,778

8,523

7,023

6,684

6,556

8,234

5,979

6,076

5,869

5,417

4,735

4,487

4,304

4,281

4,079

3,615

3,329

2,441

2,072

1,817

1,592

1,298

1,062

1,634

1,297

1,326

1,000

-

663

FHLB, Federal Reserve Bank, and other restricted stock

87

84

81

101

80

89

74

136

130

105

98

129

85

68

71

111

92

90

63

78

81

82

85

75

50

42

19

-

-

30

-

-

-

-

-

-

-

Accrued interest receivable

40

38

38

38

35

32

32

33

31

27

27

26

25

23

22

22

21

19

16

15

15

15

13

11

9

8

-

-

-

5

-

-

-

-

-

-

-

FDIC loss sharing receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

2

5

8

8

10

11

14

12

12

12

12

14

13

11

-

16

Bank premises and equipment, net

8

9

14

10

10

11

11

11

11

11

12

12

11

12

12

12

12

11

11

11

11

10

11

11

11

11

11

10

9

9

9

9

9

8

8

-

4

Bank-owned life insurance

273

272

270

268

266

264

263

261

259

257

255

213

213

161

160

159

158

157

156

155

154

138

137

106

105

104

85

67

66

56

40

39

29

29

29

-

25

Other real estate owned

0

0

0

1

0

0

1

1

1

1

1

2

2

3

3

5

5

5

8

13

13

15

17

12

15

12

13

10

9

8

10

12

12

11

12

-

7

Goodwill and other intangibles

14

15

15

15

16

16

16

17

17

16

16

3

3

17

16

17

3

3

3

3

3

3

3

3

3

3

3

3

3

3

3

2

2

3

2

-

0

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

67

72

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

34

-

22

20

20

21

-

-

4

Other assets

452

298

285

269

235

185

165

143

140

131

119

73

75

102

136

127

88

68

71

55

57

52

41

37

33

41

36

33

27

21

16

11

13

15

22

-

7

Total assets

12,018

11,520

11,723

11,182

10,143

9,833

10,617

11,092

10,769

9,839

10,471

10,883

9,906

9,382

9,602

9,684

9,038

8,398

7,599

7,617

7,133

6,825

6,532

5,635

5,014

4,153

3,925

3,793

3,458

3,201

2,654

2,283

1,975

2,077

1,862

0

1,374

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Demand, non-interest bearing

1,435

1,343

1,569

1,380

1,372

1,122

1,338

1,090

1,260

1,052

1,427

661

507

966

1,080

749

779

408

777

584

670

546

697

555

634

478

671

265

242

219

213

155

133

114

110

-

72

Interest bearing

6,978

7,305

7,355

6,805

6,052

6,020

7,175

6,205

5,781

5,748

6,169

6,360

6,119

6,337

6,308

6,001

5,699

5,253

5,007

4,892

4,222

3,986

3,586

3,134

2,971

2,481

2,572

2,509

2,293

2,221

2,134

1,774

1,670

1,469

1,471

-

1,173

Total deposits

8,413

8,648

8,925

8,185

7,425

7,142

8,513

7,295

7,042

6,800

7,597

7,021

6,627

7,303

7,388

6,751

6,478

5,662

5,785

5,477

4,893

4,532

4,284

3,690

3,606

2,959

3,243

2,775

2,535

2,440

2,348

1,929

1,804

1,583

1,581

-

1,245

FRB advances

175

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-interest bearing deposits held for sale

-

-

-

-

-

-

-

-

-

-

-

447

702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal funds purchased

705

538

373

406

388

187

0

105

195

155

147

150

215

83

52

61

80

70

50

-

-

0

0

0

0

13

0

120

90

5

0

5

0

5

-

-

0

FHLB advances

1,260

850

1,040

1,262

1,025

1,248

835

2,389

2,252

1,611

1,462

1,999

1,206

868

1,036

1,906

1,633

1,625

985

1,388

1,545

1,618

1,594

1,301

905

706

-

-

-

471

-

-

-

-

-

-

-

Securities sold under agreements to repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

-

-

Other borrowings

123

123

123

99

123

123

123

186

186

186

186

186

87

87

86

86

86

86

88

88

88

88

88

88

65

63

235

505

537

2

36

178

11

331

11

-

11

Subordinated debt

181

181

109

109

109

108

108

108

108

108

108

108

108

108

108

108

108

108

110

110

110

110

112

112

-

2

2

2

2

-

2

2

2

2

2

-

2

Other liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

22

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable and other liabilities

195

126

132

129

93

66

80

70

64

56

59

37

43

75

139

89

51

44

42

30

38

33

27

29

36

21

55

10

16

12

6

9

7

8

8

-

10

Total liabilities

11,054

10,467

10,704

10,191

9,165

8,876

9,662

10,156

9,850

8,918

9,561

9,973

9,026

8,526

8,812

9,004

8,439

7,844

7,061

7,094

6,675

6,382

6,106

5,221

4,613

3,766

3,536

3,413

3,181

2,931

2,392

2,124

1,824

1,929

1,712

0

1,269

Commitments and contingencies (NOTE 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

0

Shareholders’ equity:
Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000 shares authorized, 9,000,000 shares issued and outstanding as of March 31, 2020 and December 31, 2019

217

217

217

217

217

217

217

217

217

217

217

217

217

217

217

135

79

55

55

55

0

0

0

0

0

0

0

0

0

0

0

20

0

0

3

0

0

Common stock, par value $1.00 per share; 200,000,000 shares authorized; 32,750,645 and 32,614,410 shares issued as of March 31, 2020 and December 31, 2019; 31,470,026 and 31,336,791 shares outstanding as of March 31, 2020 and December 31, 2019

32

32

32

32

32

32

32

32

31

31

31

31

31

30

28

27

27

27

27

27

27

27

27

27

24

24

24

24

18

18

18

45

11

11

11

0

8

Additional paid in capital

446

444

441

439

436

434

431

428

424

422

429

428

428

427

374

367

364

362

360

359

357

355

354

353

308

307

306

305

213

212

211

123

123

122

122

-

88

Retained earnings

319

381

357

334

328

316

302

299

279

258

240

235

215

193

176

158

140

124

107

93

82

68

55

43

79

71

61

53

45

38

30

24

17

14

11

0

10

Accumulated other comprehensive loss, net

-30

-1

-8

-9

-14

-22

-20

-33

-26

-0

0

5

-4

-4

0

-0

-5

-7

-5

-4

-1

-0

-3

-2

-3

-8

-3

-3

0

1

0

-0

-0

-0

1

-

-1

Treasury stock, at cost (1,280,619 shares as of March 31, 2020 and December 31, 2019)

21

21

21

21

21

21

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

8

0

0

0

0

0

0

0

0

-

-

0

Total shareholders’ equity

964

1,052

1,019

991

978

956

954

936

919

920

910

910

879

855

789

680

599

553

537

523

457

443

425

413

400

386

388

379

276

269

261

158

151

147

149

0

105

Total liabilities and shareholders’ equity

12,018

11,520

11,723

11,182

10,143

9,833

10,617

11,092

10,769

9,839

10,471

10,883

9,906

9,382

9,602

9,684

9,038

8,398

7,599

7,617

7,133

6,825

6,532

5,635

5,014

4,153

3,925

3,793

3,458

3,201

2,654

2,283

1,975

2,077

1,862

0

1,374

Loans held for sale at fair value

-

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-