Hope bancorp inc (HOPE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

171,040

189,589

139,445

113,747

92,258

88,615

81,755

83,223

27,115

-7,239

-5,723

Adjustments to reconcile net income to net cash from operating activities:
Discount accretion, net of depreciation and amortization

2,751

-2,128

-14,903

-1,569

-4,530

-13,134

-11,420

-19,745

8,687

10,977

5,006

Stock-based compensation expense

5,282

3,659

3,161

2,967

1,046

705

1,215

2,561

103

376

1,492

Provision for loan losses

7,300

14,900

17,360

9,000

8,000

12,638

20,000

19,104

27,939

84,630

61,023

Credit for unfunded loan commitments

-100

-100

-2,358

179

381

-

-

-

-

-

-

Valuation adjustment of premises held for sale

0

0

1,084

0

0

-

-53

-703

-35

0

0

Valuation adjustment of OREO

1,231

415

2,041

2,228

1,267

1,674

1,432

2,970

1,022

2,155

2,276

Gain on bargain purchase of Pacific International Bancorp, Inc.

-

-

-

-

-

-

118

-

-

-

-

Net gains on sales other loans

4,487

12,193

15,701

11,670

12,935

13,174

11,515

8,332

7,387

5,768

1,422

Earnings on BOLI

1,120

304

1,219

1,438

1,091

1,157

1,003

1,253

788

546

222

Affordable Housing Project Investment, Write-down, Amount

0

0

4,846

0

0

-

-

-

-

-

-

Deferred gain on transfer of asset

-

-

-

-

-

-

-

-

-

1,166

0

Additions in servicing assets

-

-

-

-

-

-

4,669

-2,263

-

-

-

Net change in fair value of derivatives

71

-21

-78

-443

0

0

-

-

-

-

-

Net losses on sale and disposal of premises and equipment

-75

-50

868

-176

-64

0

0

-

-

-

-

Net losses (gains) on sales of OREO

-14

408

79

-16

1,147

513

-102

-251

193

-605

-320

Debt Securities, Available-for-sale, Realized Gain (Loss), Excluding Other-than-temporary Impairment

282

0

301

950

424

0

54

949

1,289

6,396

4,427

Net change in fair value of equity investments with readily determinable fair value

1,288

1,449

0

0

-

-

-

-

-

-

-

Losses on investments in affordable housing partnership

9,137

11,728

10,266

4,100

1,442

-1,059

-1,704

-2,203

-1,068

-1,008

-

Change in prepaid FDIC insurance

-

-

-

-

-

-

-7,574

-2,146

-4,219

-5,509

14,148

Net change in deferred income taxes

-1,535

-2,742

-34,740

-5,750

1,376

-17,876

-15,767

-11,834

-8,696

7,910

6,372

Proceeds from sales of loans held for sale

116,590

266,115

310,345

239,203

171,229

165,812

142,115

127,434

105,602

110,885

25,429

Originations of loans held for sale

103,819

255,545

276,537

219,779

140,466

140,056

116,233

125,972

64,752

46,045

5,221

Originations of servicing assets

1,790

6,157

5,874

4,472

4,900

4,457

-

-

-

-

-

Net valuation (gains) losses on interest rate swaps and caps

-

-

-

-

-

-

-

35

-114

-857

-446

Net change in accrued interest receivable

-1,453

2,246

3,099

2,459

1,561

231

-60

-1,322

-457

-2,613

3,093

Tax benefits from stock options exercised

-

-

-

-

-

-

-

-

-

-

-489

Change in investments in affordable housing partnership

-

-

-

-

-

-

-

-

-

-

-3,060

Change in FDIC loss share receivable

-

-

-

-

-

-1,110

-4,687

-5,271

-33

0

0

Net change in other assets

23,157

6,138

1,987

-16,418

4,237

-13,083

-12,856

7,147

6,664

-2,142

-1,464

Net change in accrued interest payable

2,436

15,413

5,098

2,247

152

1,034

466

-2,164

-2,122

-7,844

4,125

Net change in other liabilities

3,587

1,983

-1,999

-23,532

4,920

4,645

-10,571

13,308

-5,313

-3,072

-363

Net cash provided by operating activities

183,855

219,947

203,539

130,605

108,092

135,529

134,203

104,470

96,582

135,771

57,041

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of interest bearing deposits in other financial institutions

19,853

10,533

30,477

2,962

44,001

0

0

-

-

-

-

Purchase of securities available for sale

229,283

393,584

572,528

553,336

397,885

192,693

208,352

184,279

236,033

190,577

787,755

Redemption of FRB stocks

-

-

-

-

-

-

-

-

6,367

-

0

Purchase of term federal funds

-

-

-

-

-

-

-

-60,000

0

-

0

Cash Acquired from Acquisition

-

-

-

100,127

0

0

-

-

-

-

0

Redemption of interest bearing deposits in other financial institutions

-20,100

-16,495

-21,313

-13,465

-490

0

-

-

-

-

-

Proceeds from matured, called, or paid-down securities available for sale

296,154

221,595

264,730

238,605

146,407

118,566

174,316

186,419

183,945

235,063

160,189

Proceeds from sales of securities available for sale

115,628

0

128,791

217,079

22,510

0

6,634

28,446

139,458

208,142

239,734

Proceeds from Sale of Equity Method Investments

2,600

0

0

-

-

-

-

-

-

-

-

Purchase of equity investments

0

1,434

0

0

-

-

-

-

-

-

-

Proceeds from sales of other loans held for sale previously classified as held for investment

123,322

21,716

417

634

2,893

0

0

-

-

-

-

Net change in loans receivable

205,624

983,720

564,536

487,961

673,899

481,310

402,172

549,510

245,979

100,783

167,651

Purchase of loans receivable

126,345

0

0

-

-

-

-

-

-

-

-

Proceeds from disposition of equipment

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of OREO

3,200

6,667

14,802

17,390

11,309

9,277

3,808

5,929

4,847

10,363

5,162

Purchase of FHLB stock

2,417

0

8,573

97

150

536

1,969

0

0

-

-

Purchase of FRB stock

-

-

-

-

-

-

-

-

-

1,968

2,079

Redemption of FHLB stock

-8,471

-4,315

-761

-13,636

-9,510

-153

-66

-4,878

-2,875

-2,218

0

Purchase of premises and equipment

6,619

6,846

14,777

14,320

10,924

6,426

9,194

6,835

1,168

2,971

1,650

Proceeds from matured term federal funds

-

-

-

-

-

-

-

100,000

10,000

0

-

Proceeds from sales and disposals of premises and equipment

0

45

5,084

0

7

0

0

3

0

0

-

Proceeds from BOLI death benefits

1,834

0

382

-

-

-

-

-

-

-

-

Payments for Repurchase of Preferred Stock and Preference Stock

-

-

-

-

-

-

-7,475

-

-

-

-

Investments in affordable housing partnerships

17,958

22,181

12,342

5,616

1,261

0

0

-

-

-

-

Redemption of Acquired Preferred Stock

-

-

-

-

-

-

-

0

-

-

-

Net cash (used in) provided by investing activities

-36,823

-1,147,465

-766,953

-463,356

-934,994

-552,969

-377,410

-474,949

190,305

159,487

-554,050

CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits

371,708

1,309,048

209,477

494,549

647,710

546,170

299,755

446,230

-62,628

-258,076

495,587

Proceeds from FHLB advances

1,155,000

130,000

1,420,000

825,000

350,000

90,000

180,000

825,000

0

35,000

50,000

Repayment of FHLB advances

1,350,000

465,000

1,015,000

806,610

300,000

30,000

211,745

746,145

140,982

35,000

50,000

Proceeds from federal funds purchased

0

0

69,900

0

-

-

-

-

-

-

-

Repayment of federal funds purchased

0

69,900

0

0

0

-

-

-

-

0

-

Proceeds from convertible notes, net of issuance fees

0

212,920

0

0

-

-

-

-

-

-

-

Purchase of treasury stock

13,223

150,000

0

0

-

-

-

-

-

-

-

Net change in secured borrowings

-

-

-

-

-

-

-

-

-12,541

11,758

0

Redemption of subordinated debenture

-

-

-

-

-

15,464

4,124

10,400

0

0

-

Redemption of preferred stock

-

-

-

-

-

-

-

122,000

0

0

-

Cash dividends paid on common stock

70,935

71,631

67,661

42,493

33,407

27,819

19,741

7,549

3,350

3,351

-

Tax effects of issuance of shares from various stock plans

-

-

-

79

0

0

-

-

-

-

-

Taxes paid in net settlement of restricted stock

633

782

501

0

0

-

-

-

-

-

-

Issuance of additional common stock

-

-

-

-

-

42

0

0

59,869

0

81,972

Issuance of additional stock pursuant to various stock plans

12

469

1,865

1,171

-22

-34

2,851

338

524

1,150

0

Redemption of common stock warrant

-

-

-

-

1,150

0

0

2,189

0

0

-

Payments of cash dividends

-

-

-

-

-

-

-

-

-

-

4,015

Net cash provided by (used in) financing activities

91,929

895,124

618,080

471,696

663,131

562,895

246,996

383,285

-159,108

-248,519

573,544

NET CHANGE IN CASH AND CASH EQUIVALENTS

238,961

-32,394

54,666

138,945

-163,771

145,455

3,789

12,806

127,779

46,739

76,535

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid

211,014

144,128

91,081

62,624

40,466

35,026

29,552

31,811

30,388

49,896

61,574

Income taxes paid

57,115

57,862

104,158

65,726

61,568

27,420

23,650

31,289

17,876

-1,458

4,671

SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer of investments available for sale and other investments to equity investments

0

46,952

0

0

-

-

-

-

-

-

-

Transfer from loans receivable to OREO

19,381

3,340

7,173

5,646

11,373

8,088

9,263

4,224

8,078

12,660

-

Transfer from loans receivable to loans held for sale

165,994

21,581

429

11,885

685

2,028

6,900

3,061

31,471

80,077

13,721

Transfer from loans held for sale to loans receivable

5,181

10,073

4,100

9,163

0

0

-

-

-

-

-

Transfer from premises and equipment to premises held for sale

0

0

3,300

0

0

-

-

-

-

-

-

Loans to facilitate sale of premises

0

0

1,350

0

0

5,250

0

0

-

-

-

Loans to facilitate sale of OREO

0

0

2,300

0

0

-

-

-

-

-

-

New commitments to fund affordable housing partnership investments

0

30,097

26,400

1,327

14,794

0

-

595

0

0

-

Lease liabilities arising from obtaining right-of-use assets

62,833

0

0

-

-

-

-

-

-

-

-

Equity component of convertible notes, net of tax

0

15,045

0

0

-

-

-

-

-

-

-

Transfer from loans receivable to other real estate owned

-

-

-

-

-

-

-

-

-

-

6,833

Reduction of common stock warrants

-

-

-

-

-

-

-

-

-

-

-2,383

Assets acquired from Wilshire

-

-

-

4,627,604

0

0

-

-

-

0

0

Liabilities assumed from Wilshire

-

-

-

4,130,342

0

0

-

-

-

0

0

Common stock issued in consideration for Wilshire (in shares)

-

-

-

55,493,726

0

0

-

-

-

-

-

Assumption of 55,000 shares of new series of preferred stock to the Treasury Department's TARP Capital Purchase Program

-

-

-

-

-

-

-

-

-

0

0