HOPE BANCORP INC HOPE Cash Flow

Hope bancorp inc (HOPE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
25,953	43,009	42,592	42,681	42,758	44,449	46,378	47,530	51,232	17,984	44,564	40,687	36,210	40,630	26,104	23,390	23,623	22,868	25,091	22,941	21,358	22,687	21,420	22,312	22,196	18,071	23,552	22,671	17,461	21,527	18,398	19,364	23,934	4,236	9,815	6,318	6,746
Adjustments to reconcile net income to net cash from operating activities:
Discount accretion, net of depreciation and amortization
-2,497	360	1,487	-590	1,494	787	403	-1,241	-2,077	-5,633	-3,026	-5,740	-504	5	-1,968	1,192	-798	-1,652	-977	-1,186	-715	-2,151	-975	-5,444	-4,564	1,982	-6,074	-4,611	-2,717	-1,227	-4,165	-16,376	2,023	2,445	1,913	2,036	2,293
Stock-based compensation expense
1,990	1,385	1,571	1,511	815	735	1,056	915	953	863	792	760	746	1,000	1,869	76	22	157	261	393	235	217	191	193	104	87	120	299	709	602	818	743	398	51	13	12	27
Financing Receivable, Credit Loss, Expense (Reversal)
28,000	-	-	-	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal)
610	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	2,800	7,300	2,300	2,500	3,600	5,400	2,760	5,600	800	6,500	1,200	500	4,900	600	1,000	1,500	2,360	4,256	2,996	3,026	10,950	744	800	7,506	2,422	6,900	7,182	2,600	9,147	3,483	10,047	5,262
Credit for unfunded loan commitments
-	-	-	-	-	0	-50	150	-200	0	-2,800	201	241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Valuation adjustment of premises held for sale
-	-	-	-	-	-	-	-	-	0	0	0	1,084	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	-35	0	-668	0	0	-35	0
Valuation adjustment of OREO
765	106	972	93	60	92	210	113	0	40	591	818	592	1,203	101	229	695	122	514	253	378	600	626	134	314	203	467	647	115	311	1,592	677	390	531	386	78	27
Net gains on sales other loans
1,855	1,876	804	1,066	741	828	2,808	3,911	4,646	3,934	4,478	3,619	3,670	5,061	1,706	3,078	1,825	3,129	3,416	3,164	3,226	4,062	3,579	2,811	2,722	2,637	2,827	3,314	2,737	2,318	0	3,051	2,963	1,080	793	4,354	1,160
Earnings on BOLI
90	-6	382	377	367	-862	388	391	387	401	401	23	394	-	-	270	274	277	275	270	269	283	290	292	292	177	193	321	312	351	297	300	305	228	188	188	184
Deferred gain on transfer of asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,474
Additions in servicing assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	777	-	-1,381	-1,144	-1,045	-	-1,271	-857	-815	-	-	-	-	-	-	-	-	-	-	-	-
Net change in fair value of derivatives
561	14	-5	23	39	-36	30	-34	19	-32	19	-32	-33	-158	-285	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net losses on sale and disposal of premises and equipment
0	0	0	-62	-13	-12	-2	-3	-33	591	-61	485	-147	2,273	-2,449	0	0	0	-57	0	-7	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net losses (gains) on sales of OREO
-61	0	-1	-16	3	50	207	79	72	45	-48	85	-3	81	48	-277	132	631	333	73	110	47	29	31	406	-45	-48	-11	2	-292	-12	-8	61	58	108	25	2
Debt Securities, Available-for-sale, Realized Gain (Loss), Excluding Other-than-temporary Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	424	0	0	0	0	0	0	0	54	0	133	0	816	1,219	64	6	0
Net change in fair value of equity investments with readily determinable fair value
354	-105	168	313	912	-452	-1,617	-1	3,519	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on investments in affordable housing partnership
2,480	1,614	2,307	2,330	2,886	3,381	3,273	2,528	2,546	2,500	2,719	2,970	2,077	1,043	3,733	-271	-405	2,464	-2,531	910	599	-507	117	-162	-507	-523	-504	-154	-523	-612	-385	-693	-513	-	-	-	-
Change in prepaid FDIC insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197	0	-7,157	-614	-638	-570	22	-960	-1,224	-939	-875	-1,181
Net change in deferred income taxes
853	2,372	26	308	-4,241	2,121	-455	34	-4,442	-33,849	1,653	4,638	-7,182	-567	939	672	-6,794	3,601	3,441	-376	-5,290	-2,397	-6,186	-3,009	-6,284	-6,280	-6,511	-1,452	-1,524	-4,209	-21	-1,546	-6,058	-2,172	-1,393	-2,740	-2,391
Proceeds from sales of loans held for sale
74,660	20,664	31,706	27,301	36,919	7,884	96,610	68,771	92,850	88,524	83,408	68,159	70,254	111,736	55,650	45,917	25,900	50,877	46,462	37,824	36,066	53,126	44,543	36,265	31,878	34,403	39,980	38,588	29,144	37,412	1,200	50,918	37,904	22,753	17,247	53,907	11,695
Originations of loans held for sale
33,061	26,141	28,118	32,095	17,465	25,674	81,785	58,082	90,004	75,586	89,209	57,839	53,903	62,871	84,344	42,971	29,593	32,571	33,399	42,659	31,837	32,264	30,757	48,621	28,414	26,401	36,656	29,463	23,713	28,004	24,965	29,181	43,822	7,039	14,706	22,681	20,326
Originations of servicing assets
377	407	437	619	327	668	2,173	1,600	1,716	1,778	1,484	1,316	1,296	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net valuation (gains) losses on interest rate swaps and caps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	10	3	6	-3	-106	-11
Net change in accrued interest receivable
-322	1,029	-4,237	-851	2,606	-1,113	2,384	1,800	-825	834	3,505	-43	-1,197	2,715	-848	127	465	1,214	200	-123	270	492	9	-277	7	479	-1,052	-217	730	-764	819	-191	-1,186	-66	188	-662	83
Change in investments in affordable housing partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Change in FDIC loss share receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-857	-1,320	-1,025	-931	-1,411	-1,528	-1,962	-1,808	27	-33	0	0	0
Net change in other assets
42,527	-3,953	7,134	23,758	-3,782	-14,456	22,696	9,413	-11,515	1,395	-9,324	16,897	-6,981	-20,072	-21,326	6,002	18,978	1,579	-7,211	-2,559	12,428	-210	-1,651	-3,250	-7,972	7,196	-11,676	-7,701	-675	-2,385	-852	5,157	5,227	-2,713	-2,631	12,636	-628
Net change in accrued interest payable
-3,374	-4,387	1,210	-524	6,137	-343	7,123	4,980	3,653	2,221	1,885	1,263	-271	1,155	-65	418	739	-224	277	-523	622	-318	86	347	919	-6	402	174	-104	-1,096	-473	-561	-34	-1,044	370	-1,351	-97
Net change in other liabilities
22,575	-765	10,820	345	-6,813	-7,822	22,939	2,522	-15,656	1,260	2,190	-4,571	-878	-5,256	-22,373	5,078	-981	-5,922	7,968	1,159	1,715	-993	5,975	924	-1,261	-1,085	-4,654	5,004	-9,836	1,554	5,333	-5,776	12,197	-6,330	3,693	-5,450	2,774
Net cash provided by operating activities
71,867	34,999	59,436	16,588	72,832	39,553	74,845	53,296	52,253	65,221	44,407	22,480	71,431	98,074	4,058	23,618	4,855	27,595	47,550	16,699	16,248	39,980	49,017	10,956	35,576	33,434	33,195	48,097	19,477	38,986	7,215	22,696	35,573	29,435	25,839	31,599	9,709
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of interest bearing deposits in other financial institutions
2,205	1,723	6,860	7,840	3,430	646	5,276	5,934	-1,323	59,092	-19,795	-8,820	0	4,922	-1,960	-1,470	1,470	3,350	19,267	21,384	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale
56,355	54,797	63,532	110,954	0	17,874	98,083	200,096	77,531	67,697	259,633	150,308	94,890	124,469	273,456	55,845	99,566	87,313	134,388	110,552	65,632	110,141	0	45,108	37,444	40,502	19,855	78,174	69,821	72,583	96,239	15,457	0	171,516	44,709	0	19,808
Cash Acquired from Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Redemption of interest bearing deposits in other financial institutions
2,205	-37,252	7,105	7,349	2,698	-30,290	8,160	6,860	-1,225	-2,211	-10,042	-8,816	-244	-13,465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from matured, called, or paid-down securities available for sale
90,594	97,411	83,800	64,020	50,923	54,849	63,796	53,100	49,850	71,410	68,939	56,257	68,124	71,504	78,587	52,079	36,435	38,120	39,060	37,766	31,461	28,847	32,079	29,405	28,235	30,689	42,023	49,116	52,488	50,733	50,951	45,401	39,334	44,042	63,760	41,784	34,359
Proceeds from sales of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22,510	0	0	0	0	-2	0	0	6,636	0	26,563	0	1,883	139,458	0	0	0
Proceeds from sales of other loans held for sale previously classified as held for investment
1,053	39,723	0	49,955	33,644	14,902	518	0	6,296	0	158	259	0	-	-	-	-	-4,545	4,143	1,969	1,326	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net change in loans receivable
300,852	99,560	162,888	-34,263	-22,561	170,972	254,987	369,324	188,437	156,769	122,419	268,060	17,288	-12,368	168,616	211,143	120,570	266,804	159,094	106,683	141,318	130,482	89,519	152,014	109,295	173,414	143,776	15,211	69,771	223,316	197,675	127,491	1,028	74,656	76,241	80,402	14,680
Proceeds from sales of OREO
946	3	456	1,109	1,632	1,115	1,202	3,148	1,202	7,260	3,936	3,412	194	5,194	6,761	2,818	2,617	4,187	836	3,886	2,400	2,205	2,037	215	4,820	2,100	283	576	849	1,588	1,181	1,094	2,066	1,902	707	1,816	422
Purchase of FHLB stock
2,156	2,262	0	0	4,036	0	0	-810	810	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of FRB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,309	-1,309	-	0	5	0
Redemption of FHLB stock
-	-	-	-	-	-466	-1,020	-2,829	0	0	0	0	-761	-1,552	-12,084	0	0	0	-150	-9,325	-35	-37	-38	-39	-39	-17	-17	-16	-16	-1,005	-1,278	-2,595	0	-719	-724	-730	-702
Purchase of premises and equipment
1,398	1,429	2,090	1,559	1,541	1,330	1,187	2,027	2,302	4,506	5,649	2,131	2,491	3,532	4,201	4,284	2,303	1,505	1,298	7,020	1,101	1,466	1,973	1,018	1,969	2,670	3,176	1,677	1,671	1,263	2,078	2,742	752	335	247	189	397
Proceeds from matured term federal funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	60,000	40,000	10,000	0	0	0
Proceeds from sales and disposals of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	6	0	0	0	0	-	-	-	-	0	0	0	3	0	0	0	0
Proceeds from BOLI death benefits
0	471	0	1,107	256	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in affordable housing partnerships
7,793	4,154	1,534	6,472	5,798	11,346	5,355	2,508	2,972	3,866	1,496	5,601	1,379	5,616	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-272,623	-147,456	-94,340	100,147	104,826	-129,525	-290,192	-514,566	-213,182	-24,179	-331,992	-364,057	-46,725	-29,964	-33,630	-214,905	-184,857	-310,926	-280,913	-192,842	-150,313	-211,000	-57,338	-169,017	-115,614	-183,988	-83,318	-47,323	-62,781	-243,836	-216,019	-77,909	62,815	281,979	-56,006	-36,266	598
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits
309,203	292,614	62,366	-76,812	93,540	110,037	311,024	224,026	663,961	-146,708	38,425	252,542	65,218	-56,992	254,952	170,130	126,459	312,139	270,609	-44,765	109,727	183,803	38,673	135,828	187,866	126,955	123,263	21,125	28,412	331,886	171,037	-36,265	-20,428	-153,710	35,016	56,082	-16
Proceeds from FHLB advances
800,000	590,000	50,000	340,000	175,000	130,000	0	0	0	605,000	390,000	375,000	50,000	100,000	250,000	325,000	150,000	100,000	100,000	150,000	0	-	-	-	-	25,000	15,000	50,000	90,000	200,000	500,000	125,000	0	0	0	0	0
Repayment of FHLB advances
750,000	590,000	120,000	365,000	275,000	145,000	0	25,000	295,000	465,000	165,000	285,000	100,000	101,610	310,000	245,000	150,000	100,000	150,000	50,000	0	-	-	-	-	25,000	33,048	50,000	103,697	240,000	410,021	85,062	11,062	90,982	0	0	50,000
Net change in federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of federal funds purchased
-	-	-	-	-	0	0	0	69,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	40,000	20,000	-	-	-	-
Purchase of treasury stock
36,777	13,223	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in secured borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,484	701	-15,308	3,550
Cash dividends paid on Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2,237	1,410	-	838	837	837
Redemption of subordinated debenture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,464	0	0	4,124	0	-	-	-	-	-	-	-	-
Cash dividends paid on common stock
17,423	17,738	17,734	17,734	17,729	18,154	18,242	17,617	17,618	17,616	17,588	16,228	16,229	16,229	8,754	8,758	8,752	8,750	8,750	7,956	7,951	7,951	7,951	5,959	5,958	5,945	5,941	3,953	3,902	7,549	0	0	0	-	-	-	-
Taxes paid in net settlement of restricted stock
781	-6	167	278	194	18	307	184	273	501	0	-213	213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of additional stock pursuant to various stock plans
0	9	0	0	3	3	257	97	112	587	629	397	252	73	1,104	-13	7	-1	0	-21	0	-	-	-	-	897	-129	1,695	388	138	0	119	81	14	-14	518	6
Tax effects on issuance of shares from stock plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash provided by (used in) financing activities
304,222	261,668	-25,535	-119,824	-24,380	26,868	271,693	315,281	281,282	45,662	246,466	326,924	-972	-74,679	187,302	241,359	117,714	303,345	211,856	46,154	101,776	189,860	36,722	169,869	166,444	121,907	99,145	14,743	11,201	288,123	258,826	-130,845	-32,819	-187,131	34,865	40,455	-47,297
NET CHANGE IN CASH AND CASH EQUIVALENTS
103,466	149,211	-60,439	-3,089	153,278	-63,104	56,346	-145,989	120,353	86,704	-41,119	-14,653	23,734	-6,569	157,730	50,072	-62,288	20,014	-21,507	-129,989	-32,289	18,840	28,401	11,808	86,406	-28,647	49,022	15,517	-32,103	83,273	50,022	-186,058	65,569	124,283	4,698	35,788	-36,990
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid
49,410	55,125	53,437	55,270	47,182	49,350	36,430	31,575	26,773	24,665	22,796	21,853	21,767	25,924	13,533	12,052	11,115	11,429	10,021	10,207	8,809	9,851	9,090	8,616	7,469	8,046	7,347	7,102	7,057	8,382	7,697	8,002	7,730	5,162	7,504	9,314	8,408
Income taxes paid
1,777	12,623	9,333	33,429	1,730	13,709	28,935	13,969	1,249	18,774	24,070	60,153	1,161	17,348	12,677	14,839	20,862	20,234	11,461	14,021	15,852	8,997	4,178	11,635	2,610	0	4,134	3,225	16,291	4,626	7,641	23,272	-4,250	2,694	13	15,214	-45
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer of investments available for sale and other investments to equity investments
-	-	-	-	-	24,995	0	0	21,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans receivable to OREO
979	4,730	14,349	302	0	0	1,464	1,070	806	0	0	7,036	137	823	2,635	293	1,895	3,614	2,617	4,730	412	1,534	5,186	1,181	187	1,706	3,161	2,411	1,985	754	208	2,850	412	-	-	-	-
Transfer from loans receivable to loans held for sale
1,002	57,015	25,988	49,601	33,390	14,901	525	0	6,155	0	-14,161	5,139	9,451	10,493	992	-50	450	-6,196	5,108	1,323	450	-583	2,577	0	34	0	6,900	0	0	-	-	-	-	8,192	5,970	14,813	2,496
Transfer from loans held for sale to loans receivable
1,451	0	0	0	5,181	8,507	1,088	435	43	2,271	1,435	235	159	9,163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from premises and equipment to premises held for sale
-	-	-	-	-	-	-	-	-	0	0	0	3,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New commitments to fund affordable housing partnership investments
-	-	-	-	-	-	-	-	-	-100	0	18,000	8,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	4	0	0	591	0	0	0	0
Lease liabilities arising from obtaining right-of-use assets
0	0	0	0	62,833	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from loans receivable to other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,574
Assets acquired from Wilshire
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Liabilities assumed from Wilshire
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Loans to facilitate sales of loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,250	-	0	0	0	-	-	-	-	-	-	-	-