Pacific premier bancorp inc (PPBI)
CashFlow / 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'11Mar'11
Cash flows from operating activities:
Net income

25,740

41,098

41,375

38,527

38,718

39,643

28,392

27,303

28,002

16,171

20,232

14,176

9,521

11,951

9,229

10,369

8,554

8,065

7,837

7,824

1,789

3,891

5,450

4,643

2,632

4,204

3,066

-249

1,972

3,811

3,462

5,811

2,692

2,555

2,460

785

4,772

Adjustments to net income:
Depreciation and amortization expense

2,580

2,808

2,371

2,377

2,259

2,286

1,770

2,060

1,657

1,510

1,329

1,224

825

747

759

678

670

714

474

991

253

562

548

539

549

525

519

464

440

373

343

330

312

298

344

296

265

Provision for credit losses

25,454

2,297

1,562

334

1,526

2,258

1,981

1,761

2,253

2,194

2,048

1,688

2,502

2,574

4,013

1,589

1,120

1,700

1,062

1,833

1,830

1,421

1,284

1,030

949

596

646

322

296

-

-

-

-

527

1,322

1,300

106

Share-based compensation expense

2,309

2,601

2,614

2,860

2,453

2,671

2,445

2,205

1,712

1,563

1,450

1,642

1,154

898

783

587

461

495

235

235

200

137

120

76

181

263

257

271

152

81

69

19

8

4

8

183

13

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-6

-11

-354

0

-223

-3

-442

-36

-340

35

-443

-319

-5

-16

Net amortization on securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,157

0

0

0

-

-

-

-

-683

-738

-583

-637

-733

-953

-1,129

-237

-160

-249

-238

-140

-140

-156

-154

-235

Loss on sales and disposals of premises and equipment

-10

-110

-18

234

-64

-56

0

-52

0

1

-35

-155

-45

-236

-438

18

0

-

-

-

-

0

0

0

-23

-

-

-

-

-

-

-

-

-2

0

-57

-6

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

-

-

-

-

-

-

0

9

12

-

0

-94

0

-

-

-

-

-

0

52

40

-

-

-

-

-

-

-

-

166

88

118

184

-

-

-

-

Net amortization on securities

1,238

-

1,018

1,120

1,453

-

1,704

1,977

1,645

-

1,948

2,706

1,039

-

980

6,023

1,057

-

1,041

959

804

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,604

7,396

32,253

-17,994

5,723

8,039

21,806

-10,010

1,566

17,545

349

-1,971

249

-10,664

2,119

4,129

2,584

1,003

997

596

371

547

465

588

579

1,523

503

800

729

224

522

704

344

426

367

742

65

Gain on sales of investment securities available-for-sale

7,760

-

-

-

427

-

-

-

-

-

-

-

0

-

512

532

753

-3

38

139

116

1,024

363

98

62

-

-

-

-

-

-

-

-

264

845

316

164

Debt and Equity Securities, Gain (Loss)

-

-

-

-

-

-

-

330

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-15

-16

5

30

41

36

45

37

79

170

154

214

Gain on sale of loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86

Originations of loans held for sale

10,491

14,711

23,720

28,039

31,762

64,974

29,702

23,835

29,229

5,308

68,592

26,299

35,149

27,313

32,107

25,564

18,899

87,900

0

0

0

-

-

-

-

-

-

-

-

1,094

8,010

2,933

62

-

-

-

-

Recoveries on loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

92

-37

721

-115

-45

-184

-434

103

78

17

-

-

-

-

Gain on sale of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,300

0

0

-180

-

-

-

-

-

-

-

-

-

-

-

-

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

13,961

23,269

27,327

33,733

27,623

79,447

32,106

33,853

38,814

31,382

35,430

32,471

33,037

32,560

35,830

24,871

22,616

86,604

0

0

0

0

0

0

31

29

441

26

38

-

-

-

-

-

-

-

-

Gain on sales of loans

771

-

2,313

902

1,729

-

2,029

3,843

2,958

-

3,439

2,887

2,811

-

3,122

2,124

1,906

-

2,544

2,721

0

-

1,775

1,298

548

-

982

222

723

-

-

-

-

-

-

-

-

Gain on FDIC transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,189

Deferred income tax (benefit) expense

-7,476

6,131

-623

-7

1,995

9,839

-2,263

-1,051

2,750

14,769

739

-2,438

3,350

5,643

-779

-652

-325

-2,401

-700

1,706

0

-131

75

-1,616

-703

-

-

-

-

-1,195

-658

3,069

344

1,066

-87

17

248

Change in accrued expenses and other liabilities, net

-5,058

-1,410

6,460

641

-11,956

-2,186

6,634

21,014

-11,305

-4,954

5,451

12,874

-8,178

-6,336

3,088

3,799

-5,499

6,577

2,049

-2,984

1,144

454

2,905

3,321

-3,916

4,121

-449

6,398

-387

927

1,265

1,857

-2,016

-650

845

1,210

-4,905

Income from bank owned life insurance, net

1,129

660

662

654

713

736

1,077

483

478

493

500

562

287

293

292

289

290

292

212

364

279

180

197

205

189

189

188

154

128

123

122

144

119

150

113

131

129

Amortization of core deposit intangible

3,965

-

4,281

4,281

4,436

-

4,694

1,995

2,274

-

1,761

1,761

511

-

524

645

344

-

1,003

-314

314

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in accrued interest receivable and other assets, net

-8,953

2,512

-8,320

13,553

-13,091

6,999

-2,966

-7,006

-1,293

10,821

402

648

-2,714

7,040

2,632

-979

-4,925

1,948

1,746

-89

5,248

537

1,002

2,382

372

1,694

-759

-1,784

1,347

-7,907

4,213

1,823

-459

4,419

-854

-1,702

-2,450

Net cash provided by operating activities

45,921

51,657

31,534

58,191

41,308

57,166

24,752

79,703

34,870

29,455

-3,755

35,647

8,024

23,661

14,063

16,232

9,491

9,289

7,449

6,571

360

2,290

8,031

4,019

-1,152

4,765

3,930

6,771

38

12,095

-2,915

1,372

1,617

733

5,256

7,221

-1,213

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

0

3

245

2,940

247

243

247

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of other real estate owned

-

-

-

-

-

562

388

0

108

325

0

182

0

-

-

-

-

-

-

-

106,409

-

-96,159

59,792

87,580

-92,208

44,899

35,743

50,977

61,936

50,137

57,551

35,219

46,777

43,104

29,079

20,307

Loan originations and payments, net

11,902

68,637

176,433

45,222

-23,660

-139,002

-85,325

-71,165

-44,531

-210,431

-136,718

-110,121

-144,347

107,121

-165,691

-66,147

-138,358

-47,473

-45,406

121,816

-275,937

-

-

7,262

17,651

-470,606

100,073

39,738

107,003

-23,499

13,943

17,284

40,077

-2,413

6,694

-4,167

15,263

Proceeds from loans held for sale previously classified as portfolio loans

25,038

9,734

2,509

74,070

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of loans held for investment

66,470

-

133,601

48,903

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of held-to-maturity securities

-

-

-

-

-

0

14,966

7,669

6,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

3,234

2,577

2,527

904

1,310

946

521

240

78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of securities available-for-sale

104,725

286,059

203,048

173,573

226,836

72,075

208,923

64,129

117,407

148,754

47,829

44,173

65,771

88,130

96,875

5,135

0

95

29,900

20,055

40,077

4,053

63,362

61,298

4,976

-

-

-

-

0

25,971

38,116

32,351

-

-

-

-

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

18,737

29,190

29,781

27,145

28,404

28,089

55,436

20,975

26,768

20,267

20,953

23,136

10,535

10,441

9,200

8,558

9,676

8,234

9,610

22,758

-6,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase and origination of loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206,409

108,020

-

226,820

147,050

89,836

160,018

123,905

110,657

33,243

48,987

77,971

37,487

21,451

Proceeds from sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

354

423

-

0

794

694

2,655

4,348

4,157

1,158

1,896

3,272

7,734

1,892

Proceeds from sale of securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141,706

8,105

7,218

6,212

6,160

10,928

10,803

5,797

3,006

5,528

4,786

2,719

2,795

3,070

3,228

5,749

Proceeds from sale of securities available-for-sale

97,886

133,329

191,333

58,301

168,837

12,464

374,213

20,323

0

20,557

31,239

215,034

1,770

1,090

18,552

18,494

192,809

-

10,450

7,299

8,771

-

13,960

21,866

56,081

-

-

-

-

-

-

-

-

31,305

49,526

22,585

20,556

Proceeds from the sales of premises and equipment

38

3,612

31

8,458

2,650

0

0

0

0

-

-

-

0

-214

3,276

3,693

3,294

-117

2,465

-842

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank owned insurance death benefit

0

-810

0

185

220

-1,284

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,000

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

5,242

2,680

11,053

3,296

1,805

930

4,702

3,016

1,647

1,762

1,747

19

655

1,471

4,754

3,568

2,177

790

1,097

-525

525

325

606

240

277

571

1,955

398

657

3,292

981

209

43

166

185

2,297

174

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

8

75

35

-1,928

-488

6,132

13,071

-8,351

16,234

1,537

1,732

9,062

507

7,338

2,982

1,131

3,561

-198

-353

3,913

-506

97

1,014

500

6

-

-

-

-

-

-

-

-

-1,012

0

340

-495

Funding of CRA investments

2,705

-

-

-

470

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of Federal Home Loan Bank of San Francisco stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,656

-

-865

3,890

-1,352

-49

-1,090

-333

-926

-

-

-

-500

-

-

-

-

Change in cash acquired in acquisitions, net

-

-

-

-

-

-

-

-

-

-

-613

77,144

0

-

1

147

40,156

-

0

0

2,961

-

0

0

-7,793

-

-1

14,055

124,697

-

-

-

-

-

-

-

-

Cash acquired (disbursed) in acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

26,389

Net cash used in investing activities

-22,315

-89,719

53,180

-11,097

-50,615

-78,851

186,931

-86,341

-159,232

-76,917

-161,395

153,118

-198,975

-248,860

-239,273

-44,621

101,839

-94,191

-53,759

19,367

-202,697

-741

-121,655

-175,845

46,227

-79,185

-54,818

49,289

199,601

-90,876

-33,580

19,059

14,036

-9,596

4,492

-268

69,026

Cash flows from financing activities:
Net increase in deposit accounts

194,563

39,221

-2,634

146,748

56,823

156,224

-313,135

116,059

106,405

-15,218

71,722

-20,191

151,588

85,733

128,751

24,737

74,549

55,916

43,224

52,817

76,322

87,360

97,885

10,378

128,917

22,152

-30,055

-55,437

-75,867

8,898

-17,321

-49,108

17,840

31,499

-18,972

-16,801

-30,767

Net change in short-term borrowings

9,000

-62,000

33,000

-33,000

-53,075

-194,275

232,888

-104,398

-42,279

135,464

-15,023

-42,713

-16,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term FHLB borrowings

5,000

25,500

0

5,000

5,000

0

0

82

10,418

9,262

0

30

-30

-9,942

-15,004

4,704

71,169

41,540

-24,094

176,045

-193,491

78,918

59,726

-159,781

176,202

-117,617

-38,392

-3,891

88,214

-

-

-

-

0

0

0

40,000

Warrants purchased and retired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3,660

Repurchase and retirement of common stock

-

-

-

-

-

-

-

-

-

-

-

173

904

126

0

0

0

0

23

0

93

2,881

0

2,473

284

18

19

0

22

93

0

0

102

-

-

-

-

Cash dividends paid

14,882

-

13,266

13,792

13,749

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

501

-

-

-

-

69

1

673

15

-

-

-

-

63

17

0

10

127

87

0

23

-

-

-

-

Proceeds from issuance of common stock, net of issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,560

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

903

-

13

50

331

-

315

512

1,084

-

-

-

-

-

60

141

387

-

21

0

48

-

0

13

100

-

-

-

-

-

-

-

-

-

0

0

32

Restricted stock surrendered and canceled

1,008

-

0

1,582

1,047

-

7

41

1,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

183,576

-62,803

-32,383

149,908

-15,717

-38,121

-79,939

12,050

53,254

123,264

57,231

-59,997

134,607

278,152

143,815

20,174

3,767

60,558

65,994

-121,232

269,783

5,745

96,963

167,699

-47,469

139,814

8,335

-51,546

-159,533

79,890

29,766

-49,108

17,761

31,290

-18,972

-16,801

-74,395

Net increase in cash and cash equivalents

207,182

-100,865

52,331

197,002

-25,024

-59,806

131,744

5,412

-71,108

75,802

-107,919

128,768

-56,344

52,953

-81,395

-8,215

115,097

-24,344

19,684

-95,294

67,446

7,294

-16,661

-4,127

-2,394

65,394

-42,553

4,514

40,106

1,109

-6,729

-28,677

33,414

22,427

-9,224

-9,848

-6,582

Supplemental cash flow disclosures:
Interest paid

13,618

20,795

19,122

20,950

18,519

20,670

13,237

10,079

9,974

9,081

3,868

4,263

4,565

2,608

6,774

0

4,182

2,204

3,898

2,126

3,853

1,885

1,691

1,820

1,104

1,340

1,375

1,360

1,277

1,613

1,722

1,786

2,041

2,180

2,366

2,406

2,624

Income taxes paid

84

18,624

6,835

26,581

53

4,490

10,315

17,396

95

17,441

-453

1,822

36

0

13,003

0

136

165

4,512

3,750

3,700

3,250

4,150

3,800

3,500

2,600

975

3,150

2,700

2,900

2,300

2,300

1,475

1,510

150

2,330

115

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,622

-197

557

-

-

-

-

-

-

4,943

5,517

-

-

-

-

Loans held for sale transfer to loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,936

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from portfolio loans to loans held for sale

26,176

-77,441

2,910

75,175

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

654

654

1,843

-

-

-

-

Transfers from loans to other real estate owned

0

-

126

169

34

-

15

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease right-of-use assets

10,706

3,159

857

3,010

45,675

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recognition of operating lease liabilities

10,706

3,159

857

3,010

45,675

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable on unsettled security sales

57,385

-

-

-

1,061

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due on unsettled security purchases

0

-

-2,034

25,657

-25,657

-

-15,021

5,033

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired (liabilities assumed) in acquisitions (See Note 27):
Investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

190,254

2,369

0

0

53,752

-

-

-

-

0

0

124,805

222,391

-

-

-

-

0

1,323

-1,323

14,076

FHLB, FRB and other stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

653

-

-

-

-

-

-

-

-

FHLB and other stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,699

-1,699

3,671

-

0

0

2,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Core deposit intangible

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,319

0

0

0

2,903

-

-

-

-

0

0

2,836

1,930

-

-

-

-

0

0

0

2,270

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-321

7,069

0

0

825

3,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank owned life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

406

51,252

0

0

-178

28,060

0

0

0

5,522

-806

0

6,380

11,854

-

-

-

-

-

-

-

-

Fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-166

4,356

0

0

0

2,134

0

0

0

74

0

0

1,376

70

-

-

-

-

0

0

0

42

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

3,671

-3,671

3,752

5,610

0

0

676

1,726

0

0

0

702

0

4,668

2,700

5,100

-

-

-

-

0

0

0

1,599

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

636,591

0

0

672,036

-336,018

-

-

-

-

1,081,450

0

-183,907

-356,818

-

-

-

-

0

0

0

-204,678

Other borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

66,600

-33,300

0

0

135,234

-67,617

33,810

0

0

-16,905

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,843

0

0

3,592

-1,796

0

0

1,418

-709

13,921

-923

-1,822

-4,454

-

-

-

-

0

0

0

-39

Common Stock and additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

791

119,383

7,525

1,323

141,858

-70,929

-

0

18,024

-9,012

-

1,000

-14,426

-15,938

-

-

-

-

-

-

-

-