Pacific premier bancorp inc (PPBI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

159,718

123,340

60,100

40,103

25,515

16,616

8,993

15,776

10,572

4,238

-460

Adjustments to net income:
Depreciation and amortization expense

9,815

7,773

4,888

2,854

2,432

2,198

1,948

1,358

1,203

991

1,017

Provision for credit losses

5,719

8,253

8,432

9,296

6,425

4,684

1,860

751

3,255

2,092

7,735

Share-based compensation expense

10,528

9,033

5,809

2,729

1,165

514

943

177

208

86

271

Gain on sale of or write down of other real estate owned

55

355

46

-321

-92

-17

-580

-783

-783

-461

28

Net amortization on securities

-4,745

-6,900

-7,601

-9,157

-3,822

-2,641

-3,052

-787

-685

-835

-70

Loss on sales and disposals of premises and equipment

42

-108

-234

-656

0

-23

-

597

-65

-30

-25

(Gain) loss on sale of or write down of other real estate owned

-

-

-

-

-

-

-

556

172

698

319

Net accretion of discounts/premiums for acquired loans and deferred loan fees/costs

27,378

21,401

16,172

-1,832

2,967

2,179

3,555

1,794

1,600

-

-

Gain on sales of investment securities available-for-sale

-

-

-

-

290

1,547

1,544

1,953

1,589

1,020

687

Debt and Equity Securities, Gain (Loss)

8,571

1,399

2,737

1,797

-

-

-

-

-

-

-

Other-than-temporary impairment recovery on investment securities, net

-

-

-

205

0

29

4

159

617

1,087

2,030

Gain on sale of loans held for investment

-

-

-

-

-

-

-

-

-

-

-351

Originations of loans held for sale

98,232

147,740

135,348

103,883

87,900

0

0

12,099

-

-

-

Recoveries on loans

-

-

-

-

-

-

377

-236

-402

221

100

Gain on sale of loans

6,642

10,759

12,468

9,539

7,970

6,120

3,228

164

-

-

7

Proceeds from the sales of and principal payments from loans held for sale

111,952

184,220

132,320

115,877

86,604

31

534

8,582

-

-

549

Gain on sales of loans

-

-

-

-

-

-

-

464

-3,605

-3,332

-

Gain on FDIC transaction

-

-

-

-

-

-

-

5,340

4,189

-

-

Deferred income tax (benefit) expense

7,496

9,275

16,420

3,887

-1,395

-2,375

-3,750

1,560

1,244

-216

-1,831

Change in accrued expenses and other liabilities, net

-6,265

14,157

5,193

-4,948

6,786

2,764

9,683

2,033

-3,500

-3,113

-31

Income from bank owned life insurance, net

2,689

2,774

1,842

1,164

1,147

771

659

508

523

528

531

Amortization of Intangible Assets

17,245

13,594

6,144

2,039

1,350

1,014

764

-

-

-

-

Change in accrued interest receivable and other assets, net

-5,346

-4,266

9,157

3,768

8,853

4,293

498

-2,330

-587

-238

3,164

Net cash provided by operating activities

182,690

196,491

69,371

63,447

23,669

13,188

15,504

12,169

11,997

9,432

5,728

Cash flows from investing activities:
Net decrease in interest-bearing time deposits with financial institutions

3,435

490

-2,689

0

-1,972

0

0

-

-

-

-

Proceeds from sale of other real estate owned

405

1,058

507

380

-

-

39,411

204,843

139,267

88,628

54,818

Loan originations and payments, net

266,632

-340,023

-601,617

-263,075

-247,000

-226,345

-223,792

47,805

15,377

21,984

-4,701

Proceeds from loans held for sale previously classified as portfolio loans

86,313

125,485

103,049

-

-

-

-

-

-

-

-

Purchase of loans held for investment

222,701

61,562

13,582

271,159

43,440

73,055

-

-

-

-

-

Change in other real estate owned from sales

-

-

-

-

-216

777

1,488

-

-

-

-

Purchase of held-to-maturity securities

0

29,002

10,914

0

9,642

0

0

-

-

-

-

Proceeds from prepayments and maturities of held-to-maturity securities

7,318

1,785

1,166

1,060

-

-

-

-

-

-

-

Purchase of securities available-for-sale

889,516

462,534

306,527

190,140

90,127

133,689

101,268

96,438

84,450

156,347

218,896

Proceeds from prepayments and maturities of securities available-for-sale

114,520

131,268

74,891

37,875

33,751

26,815

-

-

-

-

-

Purchase and origination of loans held for investment

-

-

-

-

-

-

-

427,823

185,896

108,775

6,731

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

12,318

14,794

5,751

886

Proceeds from sale of securities available-for-sale

-

-

-

-

27,642

163,241

33,688

16,039

14,842

21,562

14,430

Proceeds from maturity of securities available-for-sale

-

-

-

-

-

3,100

-

-

-

-

-

Proceeds from sale of securities available-for-sale

551,800

407,000

268,600

230,945

-

-

234,067

114,376

123,972

103,550

146,418

Proceeds from the sales of premises and equipment

14,751

0

18

10,049

1,506

0

-

-

-

-

-

Proceeds from bank owned insurance death benefit

-405

-1,284

-198

0

0

2,000

0

-

-

-

-

Purchases of premises and equipment

18,834

10,295

4,183

11,970

1,887

1,448

3,581

4,525

2,822

531

167

Change in FHLB, FRB, and other stock, at cost

-2,306

27,086

12,838

15,012

2,856

1,617

5,948

-

-1,167

420

-

Funding of CRA investments

15,069

21,936

6,189

-

-

-

-

-

-

-

-

Purchase of Federal Home Loan Bank of San Francisco stock

-

-

-

-

-

-

-2,398

-2,553

-1,014

-1,416

-

Cash acquired (disbursed) in acquisitions

-

-

-

-

-

-

138,424

39,491

26,389

-

-

Cash acquired in acquisitions, net

0

146,571

225,945

40,132

2,961

-

-

-

-

-

-

Cash acquired (paid) in acquisitions

-

-

-

-

-

7,793

-

-

-

-

-

Net cash used in investing activities

-98,251

-137,493

-284,169

-430,915

-331,280

-252,014

114,887

-91,361

63,654

-23,182

-13,943

Cash flows from financing activities:
Net increase in deposit accounts

240,158

65,553

187,901

313,770

228,279

324,540

-139,207

-39,691

-35,041

40,506

161,606

Net change in federal funds purchased

-

-

-

-

1,500

-

-

-

-

-

-

Net change in short-term borrowings

-115,075

-108,064

61,120

181,846

47,682

-

-

-

-

-

-

Proceeds from FHLB borrowings

0

0

12,012

-

-

-

-

-

-

-

-

Repayment of long-term FHLB borrowings

35,500

10,500

9,262

50,927

0

155,065

-71,686

-

40,000

63,000

118,400

Repayments of Subordinated Debt

18,558

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of subordinated debt, net

122,453

0

0

0

0

58,834

0

-

-

-

-

Cash dividends paid

53,867

0

0

-

-

-

-

-

-

-

-

Warrants purchased and retired

-

-

-

-

-

-

-

-

-3,660

-

-

Repurchase and retirement of common stock

100,000

0

0

126

116

5,638

59

195

451

-

383

Proceeds from exercise of stock options

2,679

1,924

4,592

1,345

758

267

90

237

274

-

150

Restricted stock surrendered and canceled

3,285

1,669

1,258

-

-

-

-

-

-

-

-

Proceeds from FHLB advances

-

-

-

-

-

-

-

-

-

40,000

-

Proceeds from FHLB advances and other borrowings

-

-

-

-

-

-

-

87,000

-

-

-

Proceeds from issuance of common stock, net of issuance cost

-

-

-

-

-

-

4,560

30,958

-

-

15,241

Net cash provided by (used in) financing activities

39,005

-52,756

255,105

445,908

275,103

222,938

-62,930

78,309

-78,878

17,506

58,214

Net increase in cash and cash equivalents

123,444

6,242

40,307

78,440

-32,508

-15,888

67,461

-883

-3,227

3,756

49,999

Supplemental cash flow disclosures:
Interest paid

79,386

53,960

21,777

13,564

12,081

6,500

5,352

7,162

9,576

12,711

20,455

Income taxes paid

52,093

32,296

18,846

13,139

12,127

14,700

9,425

8,975

4,105

2,300

1,110

Noncash investing activities during the period:
Investment securities available for sale purchased and not settled

-

-

-

-

-

-

-

-

-

5,125

8,238

Restricted stock vested

-

-

-

-

-

-

-

-

-

-

104

Loans held for sale transfer to loans held for investment

89,259

133,499

99,066

1,274

-

2,936

0

-

-

-

126

Transfers from portfolio loans to loans held for sale

644

15

121

197

450

645

996

3,151

4,995

3,564

4,533

Recognition of operating lease right-of-use assets

52,701

0

0

-

-

-

-

-

-

-

-

Recognition of operating lease liabilities

52,701

0

0

-

-

-

-

-

-

-

-

Assets acquired (liabilities assumed) in acquisitions (See Note 27):
Interest-bearing deposits with financial institutions

-

-

-

1,972

0

-

-

-

-

-

-

Investment securities

0

392,858

442,923

190,254

56,121

0

347,196

101

14,076

-

-

FHLB, FRB and other stock

-

-

-

-

-

0

1,765

1,390

-

-

-

Loans

0

2,352,717

2,427,589

456,158

332,893

-

-

-

-

-

-

Core deposit intangible

0

71,943

39,703

4,319

2,903

0

4,766

840

2,270

-

-

Deferred income tax

0

4,383

14,959

6,748

4,794

0

0

-

-

-

-

Bank owned life insurance

-

-

-

-

11,276

0

0

-

-

-

-

Goodwill

0

313,043

391,070

51,658

27,882

5,522

17,428

-

-

-

-

Fixed assets

0

9,122

42,097

4,190

2,134

74

1,446

-

42

-

-

Other assets

0

97,246

74,379

9,362

2,402

702

12,468

3,656

1,599

-

-

Deposits

0

2,506,929

2,752,501

636,591

336,018

0

540,725

-115,582

-204,678

-

-

Other borrowings

0

254,923

180,186

0

33,300

67,617

16,905

-

-

-

-

Other liabilities

0

24,859

16,395

8,843

1,796

709

6,722

-29

-39

-

-

Common Stock and additional paid-in capital

0

601,172

716,421

120,174

79,777

-

-

-

-

-

-