| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
153,252 | 115,942 | 77,739 | 108,159 | |||
Adjustments to reconcile net income to operating cash flows | ||||||
Depreciation and amortization | ||||||
50,398 | 52,261 | 50,069 | 45,116 | |||
Provision for credit (recovery) losses | ||||||
-5,837 | 4,399 | 5,741 | 8,048 | |||
Share-based payments and settlements | ||||||
8,410 | 14,423 | 7,913 | 9,049 | |||
Impairment of fixed assets | ||||||
0 | 0 | 5,083 | 1,986 | |||
Net realized (gains) losses on available-for-sale investments | ||||||
4,186 | 1,546 | -4,407 | 8,680 | |||
Equity pick up on private equity partnership investment | ||||||
- | - | - | 458 | |||
(Gain) loss on sale of premises and equipment | ||||||
0 | 37 | -28 | 0 | |||
Net (gains) losses on other real estate owned | ||||||
-2,383 | -440 | 277 | -1,804 | |||
Net (gain) on sales of equity method investments | ||||||
- | - | - | 277 | |||
(Increase) in carrying value of investments in associates and equity method | ||||||
1,028 | 1,137 | 980 | 834 | |||
Fair value adjustments of a contingent payment | ||||||
0 | 895 | -143 | 1,070 | |||
Changes in operating assets and liabilities | ||||||
(Increase) decrease in accrued interest receivable | ||||||
1,761 | 6,054 | -1,417 | -594 | |||
(Increase) decrease in other assets | ||||||
-25,600 | 6,694 | 10,483 | 3,955 | |||
Increase (decrease) in accrued interest payable | ||||||
82 | -284 | -1,907 | 1,040 | |||
Increase (decrease) in employee benefit plans and other liabilities | ||||||
14,396 | 5,587 | 16,932 | -18,885 | |||
Cash provided by operating activities | ||||||
241,709 | 178,195 | 155,539 | 143,777 | |||
Cash flows from investing activities | ||||||
(Increase) decrease in securities purchased under agreement to resell | ||||||
29,956 | 148,813 | 0 | 0 | |||
Net (increase) decrease in short-term investments | ||||||
-273,088 | 127,708 | 28,358 | 343,773 | |||
Net change in trading investments | ||||||
-511 | 314,986 | 96,086 | 134,905 | |||
Available-for-sale investments: proceeds from sale | ||||||
213,047 | 60,548 | 238,756 | 130,453 | |||
Available-for-sale investments: proceeds from maturities and pay downs | ||||||
524,971 | 576,892 | 435,827 | 198,311 | |||
Available-for-sale investments: purchases | ||||||
730,765 | 1,884,554 | 1,018,759 | 800,865 | |||
Held-to-maturity investments: proceeds from maturities and pay downs | ||||||
113,573 | 73,725 | 26,965 | 12,426 | |||
Held-to-maturity investments: purchases | ||||||
385,813 | 360,959 | 50,283 | 18,073 | |||
Net (increase) decrease in loans | ||||||
130,107 | -321,722 | 36,876 | -145,023 | |||
Additions to premises, equipment and computer software | ||||||
19,218 | 9,804 | 1,477 | 6,128 | |||
Proceeds from sale of other real estate owned | ||||||
2,689 | 5,528 | 11,238 | 12,389 | |||
Dividends received on investments in associates and equity method | ||||||
412 | 441 | 1,032 | 806 | |||
Net amounts received for assuming deposits acquired from another bank | ||||||
- | - | - | 310,578 | |||
Cash disbursed for business acquisitions | ||||||
0 | 21,778 | 0 | 34,757 | |||
Cash provided by (used in) investing activities | ||||||
-168,590 | -1,199,774 | -325,849 | -258,705 | |||
Cash flows from financing activities | ||||||
Net increase (decrease) in demand and term deposit liabilities | ||||||
-621,105 | 1,056,029 | 598,578 | 637,705 | |||
Net (decrease) in securities sold under agreement to repurchase | ||||||
- | - | - | -25,535 | |||
Proceeds from issuance of common shares, net of underwriting discounts and commissions | ||||||
13 | 131,600 | 0 | 0 | |||
Cost of issuance of common shares | ||||||
0 | 5,458 | 0 | 0 | |||
Proceeds from loans sold under agreement to repurchase | ||||||
0 | 5,152 | 0 | 0 | |||
Cost of repurchase of loans under agreement to repurchase | ||||||
0 | 5,152 | 0 | 0 | |||
Repayment of long-term debt | ||||||
- | - | - | 90,000 | |||
Common shares repurchased | ||||||
0 | 1,633 | 130,822 | 17,018 | |||
Preference shares repurchased | ||||||
0 | 212,121 | 211 | 656 | |||
Warrant repurchased | ||||||
0 | 100 | 0 | 0 | |||
Proceeds from stock option exercises | ||||||
4,546 | 6,919 | 640 | 1,198 | |||
Cash dividends paid on common shares | ||||||
69,731 | 19,346 | 24,846 | 27,440 | |||
Cash dividends paid on preference shares | ||||||
0 | 14,629 | 14,631 | 14,673 | |||
Preference shares guarantee fee paid | ||||||
0 | 1,676 | 1,824 | 1,834 | |||
Cash provided by (used in) financing activities | ||||||
-686,277 | 939,585 | 426,884 | 461,747 | |||
Net effect of exchange rates on cash due from banks | ||||||
46,645 | -105,245 | -30,995 | -13,980 | |||
Net increase (decrease) in cash due from banks | ||||||
-566,513 | -187,239 | 225,579 | 332,839 | |||
Supplemental disclosure of cash flow information | ||||||
Cash interest paid | ||||||
15,968 | 16,165 | 21,408 | 27,654 | |||
Cash income tax paid | ||||||
696 | 391 | 596 | 985 | |||
Non-cash items | ||||||
Transfer to other real estate owned | ||||||
0 | 8,961 | 3,400 | 6,086 | |||
Transfer of available-for-sale investments to held-to-maturity investments | ||||||
0 | 74,731 | 340,969 | 0 | |||