Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Oct. 31, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Cathay General Bancorp | |
Entity Central Index Key | 861,842 | |
Trading Symbol | caty | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 80,819,967 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 167,886 | $ 218,017 |
Short-term investments and interest bearing deposits | 573,059 | 967,067 |
Securities available-for-sale (amortized cost of $1,364,955 in 2017 and $1,317,012 in 2016) | 1,368,487 | 1,314,345 |
Loans held for sale | 7,500 | |
Loans | 12,597,434 | 11,201,275 |
Less: Allowance for loan losses | (121,535) | (118,966) |
Unamortized deferred loan fees, net | (3,424) | (4,994) |
Loans, net | 12,472,475 | 11,077,315 |
Federal Home Loan Bank stock | 30,681 | 17,250 |
Other real estate owned, net | 18,115 | 20,070 |
Affordable housing investments and alternative energy partnerships, net | 298,426 | 251,077 |
Premises and equipment, net | 107,954 | 105,607 |
Customers’ liability on acceptances | 12,009 | 12,182 |
Accrued interest receivable | 42,190 | 37,299 |
Goodwill | 372,189 | 372,189 |
Other intangible assets, net | 9,408 | 2,949 |
Other assets | 255,538 | 117,902 |
Total assets | 15,728,417 | 14,520,769 |
Deposits | ||
Non-interest-bearing demand deposits | 2,730,006 | 2,478,107 |
Interest-bearing deposits: | ||
Demand deposits | 1,379,100 | 1,230,445 |
Money market deposits | 2,370,724 | 2,198,938 |
Savings deposits | 925,312 | 719,949 |
Time deposits | 5,156,553 | 5,047,287 |
Total deposits | 12,561,695 | 11,674,726 |
Securities sold under agreements to repurchase | 100,000 | 350,000 |
Advances from the Federal Home Loan Bank | 595,000 | 350,000 |
Other borrowings of affordable housing investments | 17,518 | 17,662 |
Long-term debt | 119,136 | 119,136 |
Deferred payments from acquisition | 136,056 | |
Acceptances outstanding | 12,009 | 12,182 |
Other liabilities | 218,304 | 168,524 |
Total liabilities | 13,759,718 | 12,692,230 |
Commitments and contingencies | ||
Stockholders’ Equity | ||
Common stock, $0.01 par value, 100,000,000 shares authorized, 89,027,259 issued and 80,816,616 outstanding at September 30, 2017, and 87,820,920 issued and 79,610,277 outstanding at December 31, 2016 | 890 | 878 |
Additional paid-in-capital | 932,521 | 895,480 |
Accumulated other comprehensive loss, net | (217) | (3,715) |
Retained earnings | 1,275,094 | 1,175,485 |
Treasury stock, at cost (8,210,643 shares at September 30, 2017, and at December 31, 2016) | (239,589) | (239,589) |
Total equity | 1,968,699 | 1,828,539 |
Total liabilities and equity | $ 15,728,417 | $ 14,520,769 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale, amortized cost | $ 1,364,955 | $ 1,317,012 |
Common stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 89,027,259 | 87,820,920 |
Common stock, shares outstanding (in shares) | 80,816,616 | 79,610,277 |
Treasury stock shares (in shares) | 8,210,643 | 8,210,643 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest and Dividend Income | ||||
Loans receivable, including loan fees | $ 146,383 | $ 118,500 | $ 401,129 | $ 349,212 |
Investment securities | 5,692 | 4,850 | 14,817 | 16,974 |
Federal Home Loan Bank and FRB stock | 607 | 393 | 1,317 | 1,122 |
Term federal funds sold | 108 | 108 | ||
Deposits with banks | 1,288 | 412 | 3,140 | 1,094 |
Total interest and dividend income | 154,078 | 124,155 | 420,511 | 368,402 |
Interest Expense | ||||
Time deposits | 11,678 | 10,701 | 33,429 | 32,177 |
Other deposits | 5,101 | 4,212 | 14,245 | 11,783 |
Securities sold under agreements to repurchase | 874 | 3,828 | 3,489 | 11,696 |
Advances from Federal Home Loan Bank | 872 | 134 | 1,465 | 442 |
Long-term debt | 1,456 | 1,456 | 4,320 | 4,336 |
Deferred payments from acquisition | 901 | 901 | ||
Total interest expense | 20,882 | 20,331 | 57,849 | 60,434 |
Net interest income before reversal for credit losses | 133,196 | 103,824 | 362,662 | 307,968 |
Reversal for loan losses | (2,500) | (15,650) | ||
Net interest income after reversal for credit losses | 133,196 | 103,824 | 365,162 | 323,618 |
Non-Interest Income | ||||
Securities gains/(losses), net | 24 | 1,692 | (439) | 3,141 |
Letters of credit commissions | 1,302 | 1,212 | 3,618 | 3,698 |
Depository service fees | 1,407 | 1,401 | 4,259 | 4,109 |
Gain from acquisition | 5,440 | 5,440 | ||
Other operating income | 4,788 | 4,506 | 12,953 | 14,461 |
Total non-interest income | 12,961 | 8,811 | 25,831 | 25,409 |
Non-Interest Expense | ||||
Salaries and employee benefits | 27,913 | 22,881 | 79,929 | 71,313 |
Occupancy expense | 5,312 | 4,734 | 14,733 | 13,587 |
Computer and equipment expense | 2,643 | 2,337 | 7,895 | 7,360 |
Professional services expense | 4,942 | 4,999 | 14,541 | 13,981 |
Data processing service expense | 2,918 | 2,279 | 7,846 | 6,556 |
FDIC and regulatory assessments | 2,552 | 2,288 | 7,261 | 7,640 |
Marketing expense | 2,103 | 1,516 | 4,833 | 3,314 |
Other real estate owned expense/(income) | 369 | (176) | 747 | 612 |
Amortization of investments in low income housing and alternative energy partnerships | 5,723 | 5,432 | 16,797 | 35,626 |
Amortization of core deposit intangibles | 281 | 172 | 626 | 517 |
Acquisition and integration costs | 3,277 | 3,277 | ||
Other operating expense | 3,215 | 4,275 | 11,307 | 10,681 |
Total non-interest expense | 61,248 | 50,737 | 169,792 | 171,187 |
Income before income tax expense | 84,909 | 61,898 | 221,201 | 177,840 |
Income tax expense | 35,163 | 15,808 | 71,099 | 50,756 |
Net income | 49,746 | 46,090 | 150,102 | 127,084 |
Other comprehensive income, net of tax | ||||
Unrealized holding gain on securities available-for-sale | 1,060 | 938 | 3,338 | 15,748 |
Less: reclassification adjustments for gains/(losses) included in net income | 14 | 981 | (254) | 1,821 |
Unrealized holding gain/(loss) on cash flow hedge derivatives | 157 | 804 | (94) | (3,598) |
Total other comprehensive gain, net of tax | 1,203 | 761 | 3,498 | 10,329 |
Total other comprehensive income | $ 50,949 | $ 46,851 | $ 153,600 | $ 137,413 |
Net income per common share: | ||||
Basic (in dollars per share) | $ 0.62 | $ 0.58 | $ 1.87 | $ 1.61 |
Diluted (in dollars per share) | 0.61 | 0.58 | 1.86 | 1.59 |
Cash dividends paid per common share (in dollars per share) | $ 0.21 | $ 0.18 | $ 0.63 | $ 0.54 |
Weighted-average shares: | ||||
Basic (in shares) | 80,665,398 | 78,865,860 | 80,073,249 | 79,147,839 |
Diluted weighted-average number of common shares outstanding (in shares) | 81,404,854 | 79,697,069 | 80,797,179 | 79,902,846 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net income | $ 150,102,000 | $ 127,084,000 |
Adjustments to reconcile net income to net cash provided by/(used in) operating activities: | ||
Reversal for loan losses | (2,500,000) | (15,650,000) |
Provision for losses on other real estate owned | 889,000 | 176,000 |
Deferred tax liability | 10,319,000 | 22,483,000 |
Depreciation and amortization | 5,416,000 | 5,684,000 |
Net gains on sale and transfer of other real estate owned | (394,000) | (476,000) |
Net gains on sale of loans | (285,000) | |
Proceeds from sales of loans | 7,500,000 | 13,525,000 |
Originations of loans held-for-sale | (12,665,000) | |
Amortization on alternative energy partnerships, venture capital and other investments | 2,778,000 | 27,282,000 |
Net loss/(gain) on sales and calls of securities | 438,000 | (3,347,000) |
Amortization/accretion of security premiums/discounts, net | 990,000 | 5,193,000 |
Loss on sales or disposal of fixed assets | 19,000 | |
Write-down on impaired securities | 206,000 | |
Stock based compensation and stock issued to officers as compensation | 4,449,000 | 3,804,000 |
Net change in accrued interest receivable and other assets | (51,776,000) | 2,101,000 |
Gain on acquisition | (5,440,000) | |
Net change in other liabilities | 828,000 | (4,537,000) |
Net cash provided by operating activities | 123,599,000 | 170,597,000 |
Cash Flows from Investing Activities | ||
Decrease/(increase) in short-term investments | 516,008,000 | (254,877,000) |
Purchase of investment securities available-for-sale | (450,745,000) | (690,966,000) |
Proceeds from sale of investment securities available-for-sale | 99,541,000 | 415,543,000 |
Proceeds from repayments, maturities and calls of investment securities available-for-sale | 389,829,000 | 585,285,000 |
Purchase of Federal Home Loan Bank stock | (1,650,000) | |
Redemptions of Federal Home Loan Bank stock | 6,459,000 | |
Net increase in loans | (686,225,000) | (853,453,000) |
Purchase of premises and equipment | (976,000) | (3,166,000) |
Proceeds from sales of premises and equipment | 11,000 | |
Proceeds from sales of other real estate owned | 2,186,000 | 6,713,000 |
Net increase in investment in affordable housing and alternative energy partnerships | (20,867,000) | (59,844,000) |
Acquisition, net of cash acquired | (14,309,000) | |
Net cash used for investing activities | (159,099,000) | (856,404,000) |
Cash Flows from Financing Activities | ||
Net (decrease)/increase in deposits | 73,120,000 | 429,976,000 |
Net decrease in federal funds purchased and securities sold under agreements to repurchase | (250,000,000) | (50,000,000) |
Advances from Federal Home Loan Bank | 2,608,000,000 | 2,730,000,000 |
Repayment of Federal Home Loan Bank borrowings | (2,393,000,000) | (2,305,000,000) |
Cash dividends paid | (50,491,000) | (42,570,000) |
Purchases of treasury stock | (54,441,000) | |
Proceeds from shares issued under Dividend Reinvestment Plan | 1,849,000 | 1,643,000 |
Proceeds from exercise of stock options | 1,018,000 | 49,000 |
Taxes paid related to net share settlement of RSUs | (5,127,000) | (103,000) |
Net cash (used in) provided by financing activities | (14,631,000) | 709,554,000 |
(Decrease)/increase in cash and cash equivalents | (50,131,000) | 23,747,000 |
Cash and cash equivalents, beginning of the period | 218,017,000 | 180,130,000 |
Cash and cash equivalents, end of the period | 167,886,000 | 203,877,000 |
Supplemental disclosure of cash flow information | ||
Interest | 58,416,000 | 61,212,000 |
Income taxes paid | 62,296,000 | 31,717,000 |
Non-cash investing and financing activities: | ||
Net change in unrealized holding gain on securities available-for-sale, net of tax | 3,592,000 | 13,927,000 |
Net change in unrealized holding loss on cash flow hedge derivatives | (94,000) | (3,598,000) |
Transfers to other real estate owned from loans held for investment | 726,000 | 2,698,000 |
Loans transferred from held for sale to held for investment, net | 1,351,000 | |
Loans to facilitate the sale of other real estate owned | 2,616,000 | |
Issuance of stock related to acquisition |
Note 1 - Business
Note 1 - Business | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Business Cathay General Bancorp ( “Bancorp”) is the holding company for Cathay Bank (the “Bank” and, together, with Bancorp, the “Company”), seven h t he Bank is the sole limited partner, Asia Realty Corp. and GBC Venture Capital, Inc. Bancorp also owns 100% five 1962 September 30, 2017, 22 12 12 three three two one one one one one not |
Note 2 - Business Combinations
Note 2 - Business Combinations | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 2 . Business Combinations On July 14, 2017, as of July 8, 2016, $351.6 926,192 $100 one 10% three 1974, July 14, 2017, nine 805 10 50, The assets and liabilities, both tangible and intangible, were recorded at their estimated fair values as of the J uly 14, 2017 one The fair value of the assets and the liabilities acquired as of July 1 4, 2017 SinoPac Bancorp Assets acquired: Cash and cash equivalents $ 166,932 Short-term investments 122,000 Securities available-for-sale 107,934 Loans 703,787 Premises and equipment 6,198 Cash surrender value of life insurance 46,083 Deferred tax assets, net 40,136 Core deposit intangible 7,144 Accrued interest receivable and other assets 9,134 Total assets acquired 1,209,348 Liabilities assumed: Deposits 813,888 Long-term debt 30,000 Accrued interest payable and other liabilities 5,608 Total liabilities assumed 849,496 Net assets acquired $ 359,852 Cash paid $ 181,241 Fair value of common stock issued 34,862 Total consideration paid $ 216,103 Purchase price payable to SinoPac 138,309 Total consideration $ 354,412 Gains on bargain purchase $ 5,440 |
Note 3 - Basis of Presentation
Note 3 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 3 . Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accor dance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 X. not not may December 31, 2017. 10 December 31, 2016. The preparation of the condensed consolidated financial statements in accordance with GAAP requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. The Company expects that the most significant estimates subject to change are the allowance for loan losses, goodwill impairment, and other-than-temporary impairment. |
Note 4 - Recent Accounting Pron
Note 4 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 4 . Recent Accounting Pronouncements Accounting Standards adopted in 2017 In March 2016, 2016 09, Compensation Stock Compensation (Topic 718 2016 09 1 2 3 4 5 2016 09 January 1, 2017. Under ASU 2016 09, share based payments are recognized as income tax expense or benefit in the income statement instead of the previous accounting which credited excess tax benefits to additional paid-in capital and tax deficiencies as a charge to income tax expense or as an offset to accumulated excess tax benefits, if any. Excess tax benefits or deficiencies are included in income tax expense as discrete items in the period in which they occur. For diluted earnings per share calculations, excess tax benefits are no 2016 09 $2.6 nine September 30, 2017. Other Accounting Standards In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606 2014 09 2014 09 2015 14, 2016 08, 2016 10 2016 12, December 15, 2017 2014 09, not In January 2016, 2016 01, Financial Instruments Overall (Subtopic 825 10 2016 01 December 15, 2017. In February 2016, 2016 02, Leases (Topic 842 2016 02 twelve 2016 02 December 15, 2018, 2016 02 2016 02 2016 02 January 1, 2019 In June 2016, 2016 13, Financial Instruments - Credit Losses (Topic 326 not 2016 13 December 15, 2019. 2016 13 not 2016 13 In August 2016, 2016 15, Statement of Cash Flows – Classification of Certain Cash Receipts and Cash Payments.” eight zero 230. 2016 15 December 15, 2017. In October 2016, 2016 16, “Income Taxes – Intra-Entity Transfers of Assets Other Than Inventory.” December 15, 2017, In November 2016, 2016 18, “Statement of Cash Flows – Restricted Cash.” not December 15, 2017, 2016 18 not In January 2017, 2017 01, “Business Combinations (Topic 805 805, three not not not December 15, 2017. 2017 01 not In January 2017, 2017 04, “Intangibles—Goodwill and Other (Topic 350 .” 2 2 December 15, 2019. Adoption of ASU 2017 04 not In February 2017, 2017 05, " Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610 20 Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets .” 610 20 610 20. 606 The amendments are effective for annual reporting periods beginning after December 15, 2017, Adoption of ASU 2017 05 not In March 2017, 2017 08, - Nonrefundable Fees and Other Costs (Subtopic 310 20 not December 15, 2018. In May 2017, 2017 09, – Stock Compensation ( T opic 718 ): Modification A ccounting. ” 718. December 15, 2017. 2017 09 not In July 2017, 2017 11, 260 480 815 two 480, December 15, 2020. first 250 10 45 5 45 10. not not In August 2017, 2017 12, 815 December 15, 2018, December 15, 2019, December 15, 2020. |
Note 5 - Earnings Per Share
Note 5 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 5 . Earnings per Share Basic earnings per share exclude s dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and resulted in the issuance of common stock that then shared in earnings. Outstanding stock options with anti-dilutive effect were not Three months ended September 30, Nine months ended September 30, (Dollars in thousands, except share and per share data) 2017 2016 2017 2016 Net income $ 49,746 $ 46,090 $ 150,102 $ 127,084 Weighted-average shares: Basic weighted-average number of common shares outstanding 80,665,398 78,865,860 80,073,249 79,147,839 Dilutive effect of weighted-average outstanding common share equivalents Warrants 399,957 569,949 409,019 520,686 Options 19,221 95,850 25,706 90,461 Restricted stock units 320,278 165,410 289,205 143,860 Diluted weighted-average number of common shares outstanding 81,404,854 79,697,069 80,797,179 79,902,846 Average stock options and warrants with anti-dilutive effect 0 207,183 6,561 247,974 Earnings per common share: Basic $ 0.62 $ 0.58 $ 1.87 $ 1.61 Diluted $ 0.61 $ 0.58 $ 1.86 $ 1.59 |
Note 6 - Stock-based Compensati
Note 6 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 6 . Stock-Based Compensation Under the Company’s equity incentive plans, directors and eligible employees may As of September 30, 2017, ten 20% no first nine 2017 2016. Option compensation expense was zero for the three nine September 30, 2017, September 30, 2016. 43,540 2,110 nine September 30, 2017 2016, $1.0 $607,000 nine September 30, 2017 $49,000 $9,000 nine September 30, 2016. Weighted-average Aggregate Weighted-average Remaining Contractual Intrinsic Shares Exercise Price Life (in years) Value (in thousands) Balance, December 31, 2016 82,670 $ 23.37 1.1 $ 1,211 Exercised (18,040 ) 23.37 Balance, March 31, 2017 64,630 $ 23.37 0.9 $ 925 Exercised (19,500 ) 23.37 Balance, June 30, 2017 45,130 $ 23.37 0.7 $ 658 Exercised (6,000 ) 23.37 Balance, September 30, 2017 39,130 $ 23.37 0.4 $ 659 Exercisable, September 30, 2017 39,130 $ 23.37 0.4 $ 659 In addition to stock options, the Company also grants restricted stock units to eligible employees that vest subject to continued employment at the vesting dates. The Company grant ed restricted stock units for 87,781 $38 .59 first nine 2017. 88,693 $30.37 2016. Starting i n December 2013, 2014 2016 December 2016, December 2016. December 31 third 30,319 2016, 61,209 2015 60,456 2014, 58,241 2016, 57,409 2015 57,642 2014, 29,119 2016 , to its seven February 2017, 297,171 December 2013 76,623 . The following table presents restricted stock unit activity during the nine September 30, 2017: Units Balance at December 31, 2016 727,419 Granted 164,404 Distributed (297,905 ) Forfeited (10,424 ) Balance at September 30, 2017 583,494 The compensa tion expense recorded for restricted stock units was $1.3 three September 30, 2017, $1.2 nine September 30, 2017 2016, $3 .9 $3.3 $9.1 September 30, 2017, 2. 0 As of September 30, 2017, 3,465,411 2005 T ax benefit from share-based payment arrangements of $2.6 first nine 2017 $3.4 first nine 2016. |
Note 7 - Investment Securities
Note 7 - Investment Securities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 7 . Investment Securities Investment securities were $ 1.4 September 30, 2017, $1.3 December 31, 2016. September 30, 2017, December 31, 2016: September 30, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Securities Available-for-Sale U.S. treasury securities $ 399,741 $ - $ 305 $ 399,436 U.S. government agency entities 9,679 27 6 9,700 U.S. government sponsored entities 400,000 - 6,278 393,722 State and municipal securities 1,943 - 12 1,931 Mortgage-backed securities 447,959 468 2,362 446,065 Collateralized mortgage obligations 1,715 - 5 1,710 Corporate debt securities 80,007 904 5 80,906 Mutual funds 6,500 - 229 6,271 Preferred stock of government sponsored entities 4,117 3,970 - 8,087 Other equity securities 13,294 7,463 98 20,659 Total $ 1,364,955 $ 12,832 $ 9,300 $ 1,368,487 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Securities Available-for-Sale U.S. treasury securities $ 489,839 $ 35 $ 857 $ 489,017 U.S. government sponsored entities 400,000 - 9,669 390,331 Mortgage-backed securities 339,241 309 3,290 336,260 Collateralized mortgage obligations 48 - 20 28 Corporate debt securities 74,965 247 862 74,350 Mutual funds 6,500 - 270 6,230 Preferred stock of government sponsored entities 2,811 4,497 - 7,308 Other equity securities 3,608 7,213 - 10,821 Total $ 1,317,012 $ 12,301 $ 14,968 $ 1,314,345 The amortized cost and fair value of investment securities a s of September 30, 2017, may may Securities Available-For-Sale Amortized cost Fair value (In thousands) Due in one year or less $ 415,782 $ 415,555 Due after one year through five years 465,328 459,924 Due after five years through ten years 8,658 8,647 Due after ten years (1) 475,187 484,361 Total $ 1,364,955 $ 1,368,487 ( 1 There were no securities during the first nine 2017. $415.3 first nine 2016. $48.5 $125.3 nine September 30, 2017 2016, $99.5 nine September 30, 2017. no nine September 30, 2016. $341.3 nine September 30, 2017 $460.0 nine September 30, 2017, $439,000 zero $206,000 first nine 2017 2016, The table s below show the fair value and unrealized losses of the temporarily impaired securities in our investment securities portfolio as of September 30, 2017, December 31, 2016: September 30, 2017 Temporarily impaired securities Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Securities Available-for-Sale U.S. treasury securities $ 339,707 $ 46 $ 49,729 $ 259 $ 389,436 $ 305 U.S. government sponsored entities 395,774 6,284 - - 395,774 6,284 State and municipal securities 1,931 12 - - 1,931 12 Mortgage-backed securities 359,112 2,359 122 3 359,234 2,362 Collateralized mortgage obligations 1,710 5 - - 1,710 5 Corporate debt securities 5,029 5 - - 5,029 5 Mutual funds - - 6,271 229 6,271 229 Other equity securities 4,680 98 - - 4,680 98 Total $ 1,107,943 $ 8,809 $ 56,122 $ 491 $ 1,164,065 $ 9,300 December 31, 2016 Temporarily impaired securities Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Securities Available-for-Sale U.S. treasury securities $ 299,088 $ 857 $ - $ - $ 299,088 $ 857 U.S. government sponsored entities 390,331 9,669 - - 390,331 9,669 Mortgage-backed securities 328,236 3,288 62 2 328,298 3,290 Collateralized mortgage obligations - - 28 20 28 20 Corporate debt securities - - 29,138 862 29,138 862 Mutual funds - - 6,230 270 6,230 270 Total $ 1,017,655 $ 13,814 $ 35,458 $ 1,154 $ 1,053,113 $ 14,968 A s of September 30, 2017, $9.3 not, no no not Investment securities having a carrying value of $ 291.4 September 30, 2017, $649.1 December 31, 2016, |
Note 8 - Loans
Note 8 - Loans | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 8 . Loans Most of the Company ’s business activities are with customers located in the predominately Asian-populated areas of Southern and Northern California; New York City, New York; Dallas and Houston, Texas; Seattle, Washington; Boston, Massachusetts; Chicago, Illinois; Edison, New Jersey; Rockville, Maryland; Las Vegas, Nevada, and Hong Kong. The Company has no The types of loans in the Company’s condensed consolidated balance sheets as of September 30, 2017, December 31, 2016, September 30, 2017 December 31, 2016 (In thousands) Commercial loans $ 2,419,891 $ 2,248,187 Residential mortgage loans 2,922,537 2,444,048 Commercial mortgage loans 6,377,047 5,785,248 Real estate construction loans 691,486 548,088 Equity lines 181,751 171,711 Installment & other loans 4,722 3,993 Gross loans $ 12,597,434 $ 11,201,275 Allowance for loan losses (121,535 ) (118,966 ) Unamortized deferred loan fees (3,424 ) (4,994 ) Total loans, net $ 12,472,475 $ 11,077,315 Loans held for sale $ - $ 7,500 A s of September 30, 2017, $127.7 $65.3 $62.4 December 31, 2016, $115.1 $49.7 $65.4 7.1% September 30, 2017, 8.4% December 31, 2016, The following table presents the average balance and interest income recognized related to impaired loans for the periods indicated: Impaired Loans Average Recorded Investment Interest Income Recognized Three months ended Nine months ended Three months ended Nine months ended September 30, September 30, September 30, September 30, 2017 2016 2017 2016 2017 2016 2017 2016 (In thousands) Commercial loans $ 24,987 $ 28,091 $ 22,572 $ 18,602 $ 678 $ 170 $ 760 $ 488 Real estate construction loans 29,780 5,869 29,868 12,005 99 66 287 196 Commercial mortgage loans 58,555 81,005 60,074 86,456 391 776 1,015 2,124 Residential mortgage loans and equity lines 13,937 18,256 15,208 17,456 96 148 287 401 Total impaired loans $ 127,259 $ 133,221 $ 127,722 $ 134,519 $ 1,264 $ 1,160 $ 2,349 $ 3,209 The following table present s impaired loans and the related allowance for loan losses as of the dates indicated: Impaired Loans September 30, 2017 December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance Unpaid Principal Balance Recorded Investment Allowance (In thousands) With no allocated allowance Commercial loans $ 23,953 $ 23,373 $ - $ 24,037 $ 23,121 $ - Real estate construction loans 22,309 21,748 - 5,776 5,458 - Commercial mortgage loans 39,154 32,370 - 60,522 54,453 - Residential mortgage loans and equity lines 2,264 2,264 - 5,472 5,310 - Subtotal $ 87,680 $ 79,755 $ - $ 95,807 $ 88,342 $ - With allocated allowance Commercial loans $ 14,082 $ 13,985 $ 1,461 $ 5,216 $ 4,640 $ 1,827 Commercial mortgage loans 23,061 22,820 823 10,158 10,017 573 Residential mortgage loans and equity lines 12,461 11,111 322 13,263 12,075 396 Subtotal $ 49,604 $ 47,916 $ 2,606 $ 28,637 $ 26,732 $ 2,796 Total impaired loans $ 137,284 $ 127,671 $ 2,606 $ 124,444 $ 115,074 $ 2,796 The following table s present the aging of the loan portfolio by type as of September 30, 2017, December 31, 2016: September 30, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 8,412 $ 14,855 $ 3,900 $ 15,942 $ 43,109 $ 2,376,782 $ 2,419,891 Real estate construction loans - - - 14,267 14,267 677,219 691,486 Commercial mortgage loans - - - 28,379 28,379 6,348,668 6,377,047 Residential mortgage loans and equity lines - 89 - 6,725 6,814 3,097,474 3,104,288 Installment and other loans - - - - - 4,722 4,722 Total loans $ 8,412 $ 14,944 $ 3,900 $ 65,313 $ 92,569 $ 12,504,865 $ 12,597,434 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 22,753 $ 27,190 $ - $ 15,710 $ 65,653 $ 2,182,534 $ 2,248,187 Real estate construction loans 10,390 5,835 - 5,458 21,683 526,405 548,088 Commercial mortgage loans 5,886 700 - 20,078 26,664 5,758,584 5,785,248 Residential mortgage loans and equity lines 4,390 - - 8,436 12,826 2,602,933 2,615,759 Installment and other loans - - - - - 3,993 3,993 Total loans $ 43,419 $ 33,725 $ - $ 49,682 $ 126,826 $ 11,074,449 $ 11,201,275 The determination of the amount of the allowance for loan losses for impaired loans is based on management’s current judgment about the credit quality of the loan portfolio and takes into consideration known relevant internal and external factors that affect collectability when determining the appropriate level for the allowance for loan losses. The nature of the process by which the Bank determines the appropriate allowance for loan losses requires the exercise of considerable judgment. This allowance evaluation process is also applied to troubled debt restructurings since they are considered to be impaired loans. A troubled debt restructuring is a formal modification of the terms of a loan when the lender, for econo mic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower. The concessions may TDR s on accrual status are comprised of the loans that have, pursuant to the Bank’s policy, performed under the restructured terms and have demonstrated sustained performance under the modified terms for six As of September 30, 2017, $62.4 $33.7 $65.4 $29.7 December 31, 2016. $1.1 $143,000 September 30, 2017, $1.3 $1.1 December 31, 2016. The following tables present TDRs that were modified during the three nine September 30, 2017 2016, s as of September 30, 2017 2016, s for the three nine September 30, 2017 2016: Three months ended September 30, 2017 September 30, 2017 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 8 $ 18,873 $ 18,873 $ - $ 636 Commercial mortgage loans 5 4,123 3,818 305 10 Residential mortgage loans and equity lines 1 483 483 - 32 Total 14 $ 23,479 $ 23,174 $ 305 $ 678 Three months ended September 30, 2016 September 30, 2016 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 7 $ 18,258 $ 18,258 $ - $ 208 Commercial mortgage loans 1 738 738 - - Total 8 $ 18,996 $ 18,996 $ - $ 208 Nine months ended September 30, 2017 September 30, 2017 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 13 $ 19,543 $ 19,543 $ - $ 641 Real estate construction loans 2 28,489 28,489 - - Commercial mortgage loans 5 4,123 3,818 305 10 Residential mortgage loans and equity lines 1 483 483 - 32 Total 21 $ 52,638 $ 52,333 $ 305 $ 683 Nine months ended September 30, 2016 September 30, 2016 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 11 $ 23,102 $ 23,102 $ - $ 222 Commercial mortgage loans 1 738 738 - - Residential mortgage loans and equity lines 2 367 367 - - Total 14 $ 24,207 $ 24,207 $ - $ 222 Modifications of the loan terms during the first nine 2017 three twelve We expect that the TDR s on accruing status as of September 30, 2017, September 30, 2017, December 31, 2016, September 30, 2017 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 21,416 $ - $ - $ 21,416 Real estate construction loans 7,480 - - 7,480 Commercial mortgage loans 16,130 5,895 4,787 26,812 Residential mortgage loans 3,516 337 2,797 6,650 Total accruing TDRs $ 48,542 $ 6,232 $ 7,584 $ 62,358 September 30, 2017 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 13,259 $ - $ - $ 13,259 Commercial mortgage loans 1,347 1,706 16,508 19,561 Residential mortgage loans 714 - 157 871 Total non-accrual TDRs $ 15,320 $ 1,706 $ 16,665 $ 33,691 December 31, 2016 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 7,971 $ - $ 4,081 $ 12,052 Commercial mortgage loans 25,979 5,961 12,452 44,392 Residential mortgage loans 5,104 789 3,056 8,949 Total accruing TDRs $ 39,054 $ 6,750 $ 19,589 $ 65,393 December 31, 2016 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 14,565 $ - $ - $ 14,565 Commercial mortgage loans 2,510 1,795 10,328 14,633 Residential mortgage loans 356 - 168 524 Total non-accrual TDRs $ 17,431 $ 1,795 $ 10,496 $ 29,722 The activity within our TDR s for the periods indicated is shown below: Three months ended September 30, Nine months ended September 30, Accruing TDRs 2017 2016 2017 2016 (In thousands) Beginning balance $ 79,819 $ 74,708 $ 65,393 $ 81,680 New restructurings 21,790 18,347 49,973 20,412 Restructured loans restored to accrual status - - - 10,303 Payments (35,677 ) (6,500 ) (41,372 ) (9,816 ) Restructured loans placed on non-accrual status (3,574 ) - (9,396 ) (1,138 ) Expiration of loan concession upon renewal - - (2,240 ) (14,886 ) Ending balance $ 62,358 $ 86,555 $ 62,358 $ 86,555 Three months ended September 30, Nine months ended September 30, Non-accrual TDRs 2017 2016 2017 2016 (In thousands) Beginning balance $ 30,045 $ 25,442 $ 29,722 $ 39,923 New restructurings 2,360 649 2,360 3,794 Restructured loans placed on non-accrual status 3,574 - 9,396 1,138 Charge-offs (355 ) (3,407 ) (1,901 ) (4,352 ) Payments (1,933 ) (1,814 ) (5,160 ) (9,330 ) Foreclosures - - (726 ) - Restructured loans restored to accrual status - - - (10,303 ) Ending balance $ 33,691 $ 20,870 $ 33,691 $ 20,870 The Company considers a loan to be in payment default once it is 60 90 $50,000 $2.1 twelve September 30, 2017. Under the Company ’s internal underwriting policy, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification in order to determine whether a borrower is experiencing financial difficulty. As of September 30, 2017, no As part of the on-going monitoring of the credit quality of our loan portfolio, the Company utilizes a risk grading matrix to assign a risk grade to each loan. The risk rating categories can be generally described by the following grouping for non-homogeneous loans: ● Pass/Watch – ● Special Mention – not may ● Substandard – may not not ● Doubtful – may ● Loss – no The following table s present the loan portfolio by risk rating as of September 30, 2017, December 31, 2016: September 30, 2017 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,216,816 $ 146,479 $ 56,565 $ 31 $ 2,419,891 Real estate construction loans 604,363 65,375 21,748 - 691,486 Commercial mortgage loans 5,904,023 305,927 167,097 - 6,377,047 Residential mortgage loans and equity lines 3,064,118 31,858 8,312 - 3,104,288 Installment and other loans 4,722 - - - 4,722 Total gross loans $ 11,794,042 $ 549,639 $ 253,722 $ 31 $ 12,597,434 Loans held for sale $ - $ - $ - $ - $ - December 31, 2016 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,023,114 $ 140,682 $ 84,293 $ 98 $ 2,248,187 Real estate construction loans 469,909 44,129 34,050 - 548,088 Commercial mortgage loans 5,410,623 250,221 124,404 - 5,785,248 Residential mortgage loans and equity lines 2,605,834 - 9,925 - 2,615,759 Installment and other loans 3,993 - - - 3,993 Total gross loans $ 10,513,473 $ 435,032 $ 252,672 $ 98 $ 11,201,275 Loans held for sale $ - $ - $ 7,500 $ - $ 7,500 The allowance for loan losses and the reserve for off-balance sheet credit commitments are significant estimates that can and do change based on management ’s process in analyzing the loan portfolio and on management’s assumptions about specific borrowers, underlying collateral, and applicable economic and environmental conditions, among other factors. The following table presents the balance in the allowance for loan losses by portfolio segment and based on impairment method as of September 30, 2017, December 31, 2016: Real Estate Commercial Residential Commercial Construction Mortgage Mortgage Loans Installment and Loans Loans Loans and Equity Lines Other Loans Total (In thousands) September 30, 2017 Loans individually evaluated for impairment Allowance $ 1,461 $ - $ 823 $ 322 $ - $ 2,606 Balance $ 37,358 $ 21,748 $ 55,190 $ 13,376 $ - $ 127,672 Loans collectively evaluated for impairment Allowance $ 49,578 $ 22,008 $ 36,579 $ 10,740 $ 24 $ 118,929 Balance $ 2,382,533 $ 669,738 $ 6,321,857 $ 3,090,912 $ 4,722 $ 12,469,762 Total allowance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 Total balance $ 2,419,891 $ 691,486 $ 6,377,047 $ 3,104,288 $ 4,722 $ 12,597,434 December 31, 2016 Loans individually evaluated for impairment Allowance $ 1,827 $ - $ 573 $ 396 $ - $ 2,796 Balance $ 27,761 $ 5,458 $ 64,470 $ 17,385 $ - $ 115,074 Loans collectively evaluated for impairment Allowance $ 47,376 $ 23,268 $ 34,291 $ 11,224 $ 11 $ 116,170 Balance $ 2,220,426 $ 542,630 $ 5,720,778 $ 2,598,374 $ 3,993 $ 11,086,201 Total allowance $ 49,203 $ 23,268 $ 34,864 $ 11,620 $ 11 $ 118,966 Total balance $ 2,248,187 $ 548,088 $ 5,785,248 $ 2,615,759 $ 3,993 $ 11,201,275 The following table s detail activity in the allowance for loan losses by portfolio segment for the three nine September 30, 2017, September 30, 2016. one not Three months ended September 30, 2017 and 2016 Real Estate Commercial Residential Installment Commercial Construction Mortgage Mortgage Loans and Other Loans Loans Loans and Equity Lines Loans Total (In thousands) June 30, 2017 Ending Balance $ 46,744 $ 17,844 $ 36,840 $ 14,364 $ 17 115,809 Provision/(credit) for possible credit losses 3,800 4,117 (4,615 ) (3,309 ) 7 - Charge-offs (80 ) - (305 ) - - (385 ) Recoveries 575 47 5,482 7 - 6,111 Net (charge-offs)/recoveries 495 47 5,177 7 - 5,726 September 30, 2017 Ending Balance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 June 30, 2016 Ending Balance $ 50,590 $ 10,753 $ 46,090 $ 15,503 $ 12 $ 122,948 Provision/(credit) for possible credit losses 4,380 (2,056 ) 3,132 (5,452 ) (4 ) - Charge-offs (3,277 ) - (4,626 ) - - (7,903 ) Recoveries 2,006 548 337 6 - 2,897 Net (charge-offs)/recoveries (1,271 ) 548 (4,289 ) 6 - (5,006 ) September 30, 2016 Ending Balance $ 53,699 $ 9,245 $ 44,933 $ 10,057 $ 8 $ 117,942 Nine months ended September 30, 2017 and 2016 Real Estate Commercial Residential Installment Commercial Construction Mortgage Mortgage Loans and Other Loans Loans Loans and Equity Lines Loans Total (In thousands) 2017 Beginning Balance $ 49,203 $ 23,268 $ 34,864 $ 11,620 $ 11 $ 118,966 Provision/(credit) for possible credit losses 2,245 (1,403 ) (2,775 ) (580 ) 13 (2,500 ) Charge-offs (1,810 ) - (860 ) - - (2,670 ) Recoveries 1,401 143 6,173 22 - 7,739 Net (charge-offs)/recoveries (409 ) 143 5,313 22 - 5,069 September 30, 2017 Ending Balance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 Reserve for impaired loans $ 1,461 $ - $ 823 $ 322 $ - $ 2,606 Reserve for non-impaired loans $ 49,578 $ 22,008 $ 36,579 $ 10,740 $ 24 $ 118,929 Reserve for off-balance sheet credit commitments $ 2,760 $ 1,206 $ 109 $ 175 $ 4 $ 4,254 2016 Beginning Balance $ 56,199 $ 22,170 $ 49,440 $ 11,145 $ 9 $ 138,963 Provision/(credit) for possible credit losses 5,815 (20,796 ) 295 (963 ) (1 ) (15,650 ) Charge-offs (12,035 ) - (5,681 ) (149 ) - (17,865 ) Recoveries 3,720 7,871 879 24 - 12,494 Net (charge-offs)/recoveries (8,315 ) 7,871 (4,802 ) (125 ) - (5,371 ) September 30, 2016 Ending Balance $ 53,699 $ 9,245 $ 44,933 $ 10,057 $ 8 $ 117,942 Reserve for impaired loans $ 1,320 $ - $ 1,248 $ 375 $ - $ 2,943 Reserve for non-impaired loans $ 52,379 $ 9,245 $ 43,685 $ 9,682 $ 8 $ 114,999 Reserve for off-balance sheet credit commitments $ 2,112 $ - $ 35 $ 80 $ 2 $ 2,229 |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 9 . Commitments and Contingencies The Company is involved in various litigation concerning transactions entered into in the normal course of business. Management, after consultation with legal counsel, does not Although the Company establishes accruals for legal proceedings when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated, the Company does not may not may In the normal course of business, the Company becomes a party to financial instruments with off-balance sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of loans, or through commercial or standby letters of credit and financial guarantees. These instruments represent varying degrees of exposure to risk in excess of the amounts included in the accompanying condensed consolidated balance sheets. The contractual or notional amount of these instruments indicates a level of activity associated with a particular class of financial instrument and is not |
Note 10 - Borrowed Funds
Note 10 - Borrowed Funds | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 10 . Borrowed Funds Securities Sold Under Agreements to Repurchase. Securities sold under agreements to repurchase were $100 2.86% September 30, 2017, $350 4.06% December 31, 2016. two $50.0 June 2018 $50.0 July 2018. These transactions are accounted for as collateralized financing transactions and recorded at the amounts at which the securities were sold. The Company may rchase agreements, as necessary. The underlying collateral pledged for the repurchase agreements consists of U.S. Treasury securities and mortgage-backed securities with a fair value of $108 September 30, 2017, $372 December 31, 2016. Borrowing from the FHLB. As of September 30, 2017, $450 1.16% $275 0.55% December 31, 2016. September 30, 2017, $145 1.35%. September 30, 2017, $490 October 2017, $55 2018 $50 December 2019. |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 1 1. The effective tax rate for the third 2017 41.4% 25.5% third 2016. third 2017 41.4% 34% 29% June 30, 2017. third first 2017 $2.6 As of September 30, 2017 December 31, 2016, $19.4 $14.6 The Company ’s tax returns are open for audit by the Internal Revenue Service back to 2014 2012. twelve not |
Note 12 - Fair Value Measuremen
Note 12 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value, Measurement Inputs, Disclosure [Text Block] | 1 2 . Fair Value Measurement s The Company adopted ASC Topic 820 January 1, 2008, • Level 1 • Level 2 not not • Level 3 – Unobservable inputs based on the Company’s own judgment about the assumptions that a market participant would use. The Company uses the following methodologies to measure the fair value of its financial assets and liabilities on a recurring basis: Securities Available for Sale . For certain actively traded agency preferred stock, mutual funds, U.S. Treasury securities, and other equity securities, the Company measures the fair value based on quoted market prices in active exchange markets at the reporting date, a Level 1 2 Warrants . The Company measures the fair value of warrants based on unobservable inputs based on assumptions and management judgment, a Level 3 Foreign Exchange Contracts 2 Interest Rate Swaps . Fair value of interest rate swaps is derived from third 2 The valuation techniques for the assets and liabilities valued on a nonrecurring basis are as follows: Impaired Loans. The Company does not 2 3 Goodwill. The Company first not two 350. two two — Commercial Lending and Retail Banking. The Company then completes “step one” of the impairment test by comparing the fair value of each reporting unit (as determined based on the discussion below) with the recorded book value (or “carrying amount”) of its net assets, with goodwill included in the computation of the carrying amount. If the fair value of a reporting unit exceeds its carrying amount, goodwill of that reporting unit is not not two two four 3 Core Deposit Intangibles. Core deposit intangibles is initially recorded at fair value based on a valuation of the core deposits acquired and is amortized over its estimated useful life, which range from 4 10 3 Other Real Estate Owned. Real estate acquired in the settlement of loans is initially recorded at fair value based on the appraised value of the property on the date of transfer, less estimated costs to sell, a Level 2 2 3 Investments in Venture Capital. The Company periodically reviews its investments in venture capital for other-than-temporary impairment on a nonrecurring basis. Investments in venture capital were written down to their fair value based on available financial reports from venture capital partnerships and management’s judgment and estimation, a Level 3 Equity Investments . The Company records equity investments at fair value on a nonrecurring basis based on quoted market prices in active exchange markets at the reporting date, a Level 1 The following table s present the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of September 30, 2017, December 31, 2016: September 30, 2017 Fair Value Measurements Using Total at Level 1 Level 2 Level 3 Fair Value (In thousands) Assets Securities available-for-sale U.S. Treasury securities $ 399,436 $ - $ - $ 399,436 U.S. government agencies - 9,700 - 9,700 U.S. government sponsored entities - 393,722 - 393,722 State and municipal securities - 1,931 - 1,931 Mortgage-backed securities - 446,065 - 446,065 Collateralized mortgage obligations - 1,710 - 1,710 Corporate debt securities - 80,906 - 80,906 Mutual funds 6,271 - - 6,271 Preferred stock of government sponsored entities 8,087 - - 8,087 Other equity securities 20,659 - - 20,659 Total securities available-for-sale 434,453 934,034 - 1,368,487 Warrants - - 97 97 Foreign exchange contracts - 1,725 - 1,725 Interest rate swaps - 2,314 - 2,314 Total assets $ 434,453 $ 938,073 $ 97 $ 1,372,623 Liabilities Option contracts $ - $ 234 $ - $ 234 Foreign exchange contracts - 1,083 - 1,083 Interest rate swaps - 5,049 - 5,049 Total liabilities $ - $ 6,366 $ - $ 6,366 December 31, 2016 Fair Value Measurements Using Total at Level 1 Level 2 Level 3 Fair Value (In thousands) Assets Securities available-for-sale U.S. Treasury securities $ 489,017 $ - $ - $ 489,017 U.S. government sponsored entities - 390,331 - 390,331 Mortgage-backed securities - 336,260 - 336,260 Collateralized mortgage obligations - 28 - 28 Corporate debt securities - 74,350 - 74,350 Mutual funds 6,230 - - 6,230 Preferred stock of government sponsored entities 7,308 - - 7,308 Other equity securities 10,821 - - 10,821 Total securities available-for-sale 513,376 800,969 - 1,314,345 Warrants - - 79 79 Interest rate swaps - 938 - 938 Foreign exchange contracts - 1,302 - 1,302 Total assets $ 513,376 $ 803,209 $ 79 $ 1,316,664 Liabilities Option contracts $ - $ 121 $ - $ 121 Interest rate swaps - 3,744 - 3,744 Foreign exchange contracts - 3,132 - 3,132 Total liabilities $ - $ 6,997 $ - $ 6,997 The Company measured the fair value of its warrants on a recurring basis using significant unobservable inputs. The fair value of warrants was $ 97,000 September 30, 2017, $79,000 December 31, 2016. third 2017. 1 6 1.51% 2.28%, 5.05% 12.6%. For financial assets measured at fair value on a nonrecurring basis that were still reflected in the condensed consolidated balance sheet as of September 30, 2017, September 30, 2017, December 31, 2016, September 30, 2017 Total (Gains)/Losses Fair Value Measurements Using Total at Three Months Ended Nine Months Ended Level 1 Level 2 Level 3 Fair Value September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Assets Impaired loans by type: Commercial loans $ - $ - $ 12,525 $ 12,525 $ - $ - $ 25 $ - Commercial mortgage loans - - 21,997 21,997 - - - - Residential mortgage loans and equity lines - - 10,790 10,790 - - - - Total impaired loans - - 45,312 45,312 - - 25 - Other real estate owned (1) - 6,317 4,322 10,639 405 (206 ) 654 9 Investments in venture capital and private company stock - - 3,023 3,023 12 187 365 419 Total assets $ - $ 6,317 $ 52,657 $ 58,974 $ 417 $ (19 ) $ 1,044 $ 428 ( 1 $18.1 December 31, 2016 Total Losses Fair Value Measurements Using Total at Twelve Months Ended Level 1 Level 2 Level 3 Fair Value December 31, 2016 December 31, 2015 (In thousands) Assets Impaired loans by type: Commercial loans $ - $ - $ 2,813 $ 2,813 $ 322 $ 806 Commercial mortgage loans - - 9,444 9,444 - 598 Residential mortgage loans and equity lines - - 11,679 11,679 - 146 Total impaired loans - - 23,936 23,936 322 1,550 Other real estate owned (1) - 6,006 4,372 10,378 9 404 Investments in venture capital and private company stock - - 3,667 3,667 976 553 Total assets $ - $ 6,006 $ 31,975 $ 37,981 $ 1,307 $ 2,507 ( 1 $20.1 The significant unobservable (Level 3 teral-dependent impaired loans was primarily based on the appraised value of collateral adjusted by estimated sales cost and commissions. The Company generally obtains new appraisal reports every nine 55% 65% The significant unobservable inputs used in the fair value measurement of loans held for sale was primarily based on the quoted price or sale price adjusted by estimated sales cost and commissions. The signif icant unobservable inputs used in the fair value measurement of other real estate owned (“OREO”) was primarily based on the appraised value of OREO adjusted by estimated sales cost and commissions. The Company applies estimated sales cost and commissions ranging from 3% 6% |
Note 13 - Fair Value of Financi
Note 13 - Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 1 3 . Fair Value of Financial Instruments The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments. Cash and Cash Equivalents. 1 Short-term Investments. For short-term investments, the carrying amount was assumed to be a reasonable estimate of fair value, a Level 1 Securities Purchased under Agreements to Resell . 2 Securities. not 1 2 Loans H eld for S ale third . Loans. Fair values were estimated for portfolios of loans with similar financial characteristics. Each loan category was further segmented into fixed and adjustable rate interest terms and by performing and non-performing categories. The fair value of performing loans was calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan, a Level 3 The fair value of impaired loans was calculated based on the net realizable fair value of the collateral or the observable market price of the most recent sale or quoted price from loans held for sale. The Company does not 2 3 Deposit Liabilities. 3 Securities Sold under Agreements to Repurchase. The fair value of securities sold under agreements to repurchase is based on dealer quotes, a Level 2 Advances from Federal Home Loan Bank . 2 Other Borrowings. This category includes borrowings from other financial institutions. The fair value of other borrowings is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk, a Level 3 Long-term D ebt. 2 Currency Option and Foreign Exchange Contracts 2 Interest Rate Swaps . Fair value of interest rate swaps is derived from third 2 Off-Balance-Sheet Financial Instruments. The fair value of commitments to extend credit, standby letters of credit, and financial guarantees written were estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. The fair value of guarantees and letters of credit was based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The fair value of off-balance-sheet financial instruments was based on the assumptions that a market participant would use, a Level 3 Fair value was estimated in accordance with ASC Topic 825. not one ’s entire holdings of a particular financial instrument. Because no The following table presents the carrying and notional amounts and estimated fair value of financial instruments as of September 30, 2017, December 31, 2016: September 30, 2017 December 31, 2016 Carrying Carrying Amount Fair Value Amount Fair Value (In thousands) Financial Assets Cash and due from banks $ 167,886 $ 167,886 $ 218,017 $ 218,017 Short-term investments 573,059 573,059 967,067 967,067 Securities available-for-sale 1,368,487 1,368,487 1,314,345 1,314,345 Loans held for sale - - 7,500 7,500 Loans, net 12,472,475 12,403,100 11,077,315 11,006,344 Investment in Federal Home Loan Bank stock 21,948 21,948 17,250 17,250 Investment in Federal Reserve Bank stock 8,733 8,733 - - Warrants 97 97 79 79 Notional Notional Amount Fair Value Amount Fair Value Foreign exchange contracts $ 69,278 $ 1,725 $ 82,439 $ 1,302 Interest rate swaps 155,671 2,314 361,526 938 Carrying Carrying Amount Fair Value Amount Fair Value Financial Liabilities Deposits $ 12,561,695 $ 12,573,127 $ 11,674,726 $ 11,680,017 Securities sold under agreements to repurchase 100,000 100,549 350,000 351,989 Advances from Federal Home Loan Bank 595,000 595,037 350,000 350,062 Other borrowings 153,574 151,643 17,662 15,944 Long-term debt 119,136 68,056 119,136 63,169 Notional Notional Amount Fair Value Amount Fair Value Option contracts $ 12,307 $ 234 $ 12,117 $ 121 Foreign exchange contracts 86,625 1,083 89,545 3,132 Interest rate swaps 510,841 5,049 119,136 3,744 Notional Notional Amount Fair Value Amount Fair Value Off-Balance Sheet Financial Instruments Commitments to extend credit $ 2,287,498 $ (6,924 ) $ 2,062,241 $ (6,025 ) Standby letters of credit 140,682 (1,699 ) 75,396 (668 ) Other letters of credit 41,868 (218 ) 37,283 (16 ) Bill of lading guarantees 24 - 75 - The following table s present the level in the fair value hierarchy for the estimated fair values of financial instruments as of September 30, 2017, December 31, 2016. September 30, 2017 Estimated Fair Value Measurements Level 1 Level 2 Level 3 (In thousands) Financial Assets Cash and due from banks $ 167,886 $ 167,886 $ - $ - Short-term investments 573,059 573,059 - - Securities available-for-sale 1,368,487 434,453 934,034 - Loans held-for-sale - - - - Loans, net 12,403,100 - - 12,403,100 Investment in Federal Home Loan Bank stock 21,948 - 21,948 - Investment in Federal Reserve Bank stock 8,733 - 8,733 - Warrants 97 - - 97 Financial Liabilities Deposits 12,573,127 - - 12,573,127 Securities sold under agreements to repurchase 100,549 - 100,549 - Advances from Federal Home Loan Bank 595,037 - 595,037 - Other borrowings 151,643 - - 151,643 Long-term debt 68,056 - 68,056 - December 31, 2016 Estimated Fair Value Measurements Level 1 Level 2 Level 3 (In thousands) Financial Assets Cash and due from banks $ 218,017 $ 218,017 $ - $ - Short-term investments 967,067 967,067 - - Securities available-for-sale 1,314,345 513,376 800,969 - Loans held-for-sale 7,500 - - 7,500 Loans, net 11,006,344 - - 11,006,344 Investment in Federal Home Loan Bank stock 17,250 - 17,250 - Warrants 79 - - 79 Financial Liabilities Deposits 11,680,017 - - 11,680,017 Securities sold under agreements to repurchase 351,989 - 351,989 - Advances from Federal Home Loan Bank 350,062 - 350,062 - Other borrowings 15,944 - - 15,944 Long-term debt 63,169 - 63,169 - |
Note 14 - Goodwill and Goodwill
Note 14 - Goodwill and Goodwill Impairment | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 1 4 . Goodwill and Goodwill Impairment The Company ’s policy is to assess goodwill for impairment at the reporting unit level on an annual basis or between annual assessments if a triggering event occurs or circumstances change that would more likely than not The Company first not two 350. The two two — Commercial Lending and Retail Banking. The Company then completes “step one” of the impairment test by comparing the fair value of each reporting unit (as determined based on the discussion below) with the recorded book value (or “carrying amount”) of its net assets, with goodwill included in the computation of the carrying amount. If the fair value of a reporting unit exceeds its carrying amount, goodwill of that reporting unit is not not two two A s of September 30, 2017, no |
Note 15 - Financial Derivatives
Note 15 - Financial Derivatives | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 1 5 . Financial Derivatives It is the policy of the Company not elated to our interest-earning assets and interest-bearing liabilities. We believe that these transactions, when properly structured and managed, may may The Company follows ASC Topic 815 not third not I n May 2014, $119.1 ten $119.1 five ten June 2014 June 2024, three 2.61% three 1.32%. September 30, 2017, $119.1 $2.3 $407,000 three September 30, 2017 $588,000 nine September 30, 2017, $1.3 $1.8 2016. As of September 30, 2017, four eight 4.55% one 293 4.16%. September 30, 2017, $510.6 $1.9 $514,000 three September 30, 2017, $879,000 $1.9 nine September 30, 2017, $2.8 September 30, 2017, not Interest rate swap contracts involve the risk of dealing with institutional derivative counterparties and their ability to meet contractual terms. Institutional counterparties must have a strong credit profile and be approved by the Company’s Board of Directors. The Company’s credit exposure on interest rate swaps is limited to the net favorable value and interest payments of all swaps by each counterparty. Credit exposure may $6.3 September 30, 2017. The Company enters into foreign exchange forward contracts with various counterparties to mitigate the risk of fluctuations in foreign currency exchange rates for foreign exchange certificates of deposit or foreign exchange contracts entered into with our clients. These contracts are not September 30, 2017, $12.3 $234,000. September 30, 2017, $69.3 $1.7 $86.6 $1.1 September 30, 2017. December 31, 2016, $12.1 $121,000. December 31, 2016, $82.4 $1.3 $89.5 $3.1 December 31, 2016. |
Note 16 - Balance Sheet Offsett
Note 16 - Balance Sheet Offsetting | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | 1 6 . Balance Sheet Offsetting Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may condensed consolidated balance sheets and/or subject to master netting arrangements or similar agreements. The Company’s securities sold with agreements to repurchase and derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association master agreements that include “right of set-off” provisions. In such cases, there is generally a legally enforceable right to offset recognized amounts and there may not Financial instruments that are eligible for offset in the condensed consolidated balance sheets, as of September 30, 2017, December 31, 2016, Gross Amounts Not Offset in the Balance Sheet Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Collateral Posted Net Amount September 30, 2017 (In thousands) Assets: Derivatives $ 2,314 $ - $ 2,314 $ - $ - $ 2,314 Liabilities: Securities sold under agreements to repurchase $ 100,000 $ - $ 100,000 $ - $ (100,000 ) $ - Derivatives $ 5,049 $ - $ 5,049 $ - $ (5,049 ) $ - December 31, 2016 Assets: Derivatives $ 938 $ - $ 938 $ - $ - $ 938 Liabilities: Securities sold under agreements to repurchase $ 350,000 $ - $ 350,000 $ - $ (350,000 ) $ - Derivatives $ 3,744 $ - $ 3,744 $ - $ (3,744 ) $ - |
Note 17 - Stockholders' Equity
Note 17 - Stockholders' Equity | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 1 7 . Stockholders’ Equity Total equity was $ 2.0 September 30, 2017, $140.2 $1.8 December 31, 2016, $150.1 $34.9 $50.5 $5.1 The U.S. Treasury received warrants to purchase common stock of 1,846,374 $20.96 ’s participation in the U.S. Treasury Troubled Asset Relief Program Capital Purchase Program. As a result of the anti-dilution adjustments under the warrant, the exercise price at December 31, 2016 $20.65 1.5%. September 30, 2017, 932,461 943,345 December 31, 2016. Activity in accumulated other comprehensive income, net of tax, and reclassification out of accumulated other comprehensive income for the three nine September 30, 2017, September 30, 2016, Three months ended September 30, 2017 Three months ended September 30, 2016 Pre-tax Tax expense/ (benefit) Net-of-tax Pre-tax Tax expense/ (benefit) Net-of-tax (In thousands) Beginning balance, loss, net of tax Securities available-for-sale $ 1,001 $ 8,539 Cash flow hedge derivatives (2,421 ) (7,397 ) Total $ (1,420 ) $ 1,142 Net unrealized (losses)/gains arising during the period Securities available-for-sale $ 1,829 $ 769 $ 1,060 $ 1,618 $ 680 $ 938 Cash flow hedge derivatives 271 114 157 1,387 583 804 Total 2,100 883 1,217 3,005 1,263 $ 1,742 Reclassification adjustment for net losses in net income Securities available-for-sale (24 ) (10 ) (14 ) (1,692 ) (711 ) (981 ) Cash flow hedge derivatives - - - - - - Total (24 ) (10 ) (14 ) (1,692 ) (711 ) (981 ) Total other comprehensive (loss)/income Securities available-for-sale 1,805 759 1,046 (74 ) (31 ) (43 ) Cash flow hedge derivatives 271 114 157 1,387 583 804 Total $ 2,076 $ 873 $ 1,203 $ 1,313 $ 552 $ 761 Ending balance, (loss)/gain, net of tax Securities available-for-sale $ 2,047 $ 8,496 Cash flow hedge derivatives (2,264 ) (6,593 ) Total $ (217 ) $ 1,903 Nine months ended September 30, 2017 Nine months ended September 30, 2016 Pre-tax Tax expense/ (benefit) Net-of-tax Pre-tax Tax expense/ (benefit) Net-of-tax (In thousands) Beginning balance, loss, net of tax Securities available-for sale $ (1,545 ) $ (5,431 ) Cash flow hedge derivatives (2,170 ) (2,995 ) Total $ (3,715 ) $ (8,426 ) Net unrealized gains/(losses) arising during the period Securities available-for sale $ 5,759 $ 2,421 $ 3,338 $ 27,170 $ 11,422 $ 15,748 Cash flow hedge derivatives (162 ) (68 ) (94 ) (6,208 ) (2,610 ) (3,598 ) Total 5,597 2,353 3,244 20,962 8,812 $ 12,150 Reclassification adjustment for net (gains)/losses in net income Securities available-for sale 439 185 254 (3,141 ) (1,320 ) (1,821 ) Cash flow hedge derivatives - - - - - - Total 439 185 254 (3,141 ) (1,320 ) (1,821 ) Total other comprehensive income/(loss) Securities available-for sale 6,198 2,606 3,592 24,029 10,102 13,927 Cash flow hedge derivatives (162 ) (68 ) (94 ) (6,208 ) (2,610 ) (3,598 ) Total $ 6,036 $ 2,538 $ 3,498 $ 17,821 $ 7,492 $ 10,329 Ending balance, gain/(loss), net of tax Securities available-for sale $ 2,047 $ 8,496 Cash flow hedge derivatives (2,264 ) (6,593 ) Total $ (217 ) $ 1,903 |
Note 18 - Stock Repurchase Prog
Note 18 - Stock Repurchase Program | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | 1 8. On February 1, 2016, Company’s Board of Directors approved a new stock repurchase program to buy back up to $45.0 2016, 1,380,578 $37.5 $27.13 February 2016 not February 2016 nine September 30, 2017. September 30, 2017 December 31, 2016, may $7.5 February 2016 |
Note 19 - Subsequent Events
Note 19 - Subsequent Events | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 1 9 . S ubsequent E vents The Company has evaluated the effect of the following events that have occurred subsequent to the quarter ended September 30, 2017 The Bank received final regulatory approval and the merger of Far East National Bank into Cathay Bank was completed on October 27, 2017. nine 43 12 three three two one one one one one |
Note 2 - Business Combinations
Note 2 - Business Combinations (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | SinoPac Bancorp Assets acquired: Cash and cash equivalents $ 166,932 Short-term investments 122,000 Securities available-for-sale 107,934 Loans 703,787 Premises and equipment 6,198 Cash surrender value of life insurance 46,083 Deferred tax assets, net 40,136 Core deposit intangible 7,144 Accrued interest receivable and other assets 9,134 Total assets acquired 1,209,348 Liabilities assumed: Deposits 813,888 Long-term debt 30,000 Accrued interest payable and other liabilities 5,608 Total liabilities assumed 849,496 Net assets acquired $ 359,852 Cash paid $ 181,241 Fair value of common stock issued 34,862 Total consideration paid $ 216,103 Purchase price payable to SinoPac 138,309 Total consideration $ 354,412 Gains on bargain purchase $ 5,440 |
Note 5 - Earnings Per Share (Ta
Note 5 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended September 30, Nine months ended September 30, (Dollars in thousands, except share and per share data) 2017 2016 2017 2016 Net income $ 49,746 $ 46,090 $ 150,102 $ 127,084 Weighted-average shares: Basic weighted-average number of common shares outstanding 80,665,398 78,865,860 80,073,249 79,147,839 Dilutive effect of weighted-average outstanding common share equivalents Warrants 399,957 569,949 409,019 520,686 Options 19,221 95,850 25,706 90,461 Restricted stock units 320,278 165,410 289,205 143,860 Diluted weighted-average number of common shares outstanding 81,404,854 79,697,069 80,797,179 79,902,846 Average stock options and warrants with anti-dilutive effect 0 207,183 6,561 247,974 Earnings per common share: Basic $ 0.62 $ 0.58 $ 1.87 $ 1.61 Diluted $ 0.61 $ 0.58 $ 1.86 $ 1.59 |
Note 6 - Stock-based Compensa27
Note 6 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Weighted-average Aggregate Weighted-average Remaining Contractual Intrinsic Shares Exercise Price Life (in years) Value (in thousands) Balance, December 31, 2016 82,670 $ 23.37 1.1 $ 1,211 Exercised (18,040 ) 23.37 Balance, March 31, 2017 64,630 $ 23.37 0.9 $ 925 Exercised (19,500 ) 23.37 Balance, June 30, 2017 45,130 $ 23.37 0.7 $ 658 Exercised (6,000 ) 23.37 Balance, September 30, 2017 39,130 $ 23.37 0.4 $ 659 Exercisable, September 30, 2017 39,130 $ 23.37 0.4 $ 659 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Units Balance at December 31, 2016 727,419 Granted 164,404 Distributed (297,905 ) Forfeited (10,424 ) Balance at September 30, 2017 583,494 |
Note 7 - Investment Securities
Note 7 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Securities Available-for-Sale U.S. treasury securities $ 399,741 $ - $ 305 $ 399,436 U.S. government agency entities 9,679 27 6 9,700 U.S. government sponsored entities 400,000 - 6,278 393,722 State and municipal securities 1,943 - 12 1,931 Mortgage-backed securities 447,959 468 2,362 446,065 Collateralized mortgage obligations 1,715 - 5 1,710 Corporate debt securities 80,007 904 5 80,906 Mutual funds 6,500 - 229 6,271 Preferred stock of government sponsored entities 4,117 3,970 - 8,087 Other equity securities 13,294 7,463 98 20,659 Total $ 1,364,955 $ 12,832 $ 9,300 $ 1,368,487 December 31, 2016 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value (In thousands) Securities Available-for-Sale U.S. treasury securities $ 489,839 $ 35 $ 857 $ 489,017 U.S. government sponsored entities 400,000 - 9,669 390,331 Mortgage-backed securities 339,241 309 3,290 336,260 Collateralized mortgage obligations 48 - 20 28 Corporate debt securities 74,965 247 862 74,350 Mutual funds 6,500 - 270 6,230 Preferred stock of government sponsored entities 2,811 4,497 - 7,308 Other equity securities 3,608 7,213 - 10,821 Total $ 1,317,012 $ 12,301 $ 14,968 $ 1,314,345 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available-For-Sale Amortized cost Fair value (In thousands) Due in one year or less $ 415,782 $ 415,555 Due after one year through five years 465,328 459,924 Due after five years through ten years 8,658 8,647 Due after ten years (1) 475,187 484,361 Total $ 1,364,955 $ 1,368,487 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2017 Temporarily impaired securities Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Securities Available-for-Sale U.S. treasury securities $ 339,707 $ 46 $ 49,729 $ 259 $ 389,436 $ 305 U.S. government sponsored entities 395,774 6,284 - - 395,774 6,284 State and municipal securities 1,931 12 - - 1,931 12 Mortgage-backed securities 359,112 2,359 122 3 359,234 2,362 Collateralized mortgage obligations 1,710 5 - - 1,710 5 Corporate debt securities 5,029 5 - - 5,029 5 Mutual funds - - 6,271 229 6,271 229 Other equity securities 4,680 98 - - 4,680 98 Total $ 1,107,943 $ 8,809 $ 56,122 $ 491 $ 1,164,065 $ 9,300 December 31, 2016 Temporarily impaired securities Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In thousands) Securities Available-for-Sale U.S. treasury securities $ 299,088 $ 857 $ - $ - $ 299,088 $ 857 U.S. government sponsored entities 390,331 9,669 - - 390,331 9,669 Mortgage-backed securities 328,236 3,288 62 2 328,298 3,290 Collateralized mortgage obligations - - 28 20 28 20 Corporate debt securities - - 29,138 862 29,138 862 Mutual funds - - 6,230 270 6,230 270 Total $ 1,017,655 $ 13,814 $ 35,458 $ 1,154 $ 1,053,113 $ 14,968 |
Note 8 - Loans (Tables)
Note 8 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2017 December 31, 2016 (In thousands) Commercial loans $ 2,419,891 $ 2,248,187 Residential mortgage loans 2,922,537 2,444,048 Commercial mortgage loans 6,377,047 5,785,248 Real estate construction loans 691,486 548,088 Equity lines 181,751 171,711 Installment & other loans 4,722 3,993 Gross loans $ 12,597,434 $ 11,201,275 Allowance for loan losses (121,535 ) (118,966 ) Unamortized deferred loan fees (3,424 ) (4,994 ) Total loans, net $ 12,472,475 $ 11,077,315 Loans held for sale $ - $ 7,500 |
Impaired Financing Receivables [Table Text Block] | Impaired Loans Average Recorded Investment Interest Income Recognized Three months ended Nine months ended Three months ended Nine months ended September 30, September 30, September 30, September 30, 2017 2016 2017 2016 2017 2016 2017 2016 (In thousands) Commercial loans $ 24,987 $ 28,091 $ 22,572 $ 18,602 $ 678 $ 170 $ 760 $ 488 Real estate construction loans 29,780 5,869 29,868 12,005 99 66 287 196 Commercial mortgage loans 58,555 81,005 60,074 86,456 391 776 1,015 2,124 Residential mortgage loans and equity lines 13,937 18,256 15,208 17,456 96 148 287 401 Total impaired loans $ 127,259 $ 133,221 $ 127,722 $ 134,519 $ 1,264 $ 1,160 $ 2,349 $ 3,209 |
Schedule Of Impaired Loans And Related Allowance And Charge Off [Table Text Block] | Impaired Loans September 30, 2017 December 31, 2016 Unpaid Principal Balance Recorded Investment Allowance Unpaid Principal Balance Recorded Investment Allowance (In thousands) With no allocated allowance Commercial loans $ 23,953 $ 23,373 $ - $ 24,037 $ 23,121 $ - Real estate construction loans 22,309 21,748 - 5,776 5,458 - Commercial mortgage loans 39,154 32,370 - 60,522 54,453 - Residential mortgage loans and equity lines 2,264 2,264 - 5,472 5,310 - Subtotal $ 87,680 $ 79,755 $ - $ 95,807 $ 88,342 $ - With allocated allowance Commercial loans $ 14,082 $ 13,985 $ 1,461 $ 5,216 $ 4,640 $ 1,827 Commercial mortgage loans 23,061 22,820 823 10,158 10,017 573 Residential mortgage loans and equity lines 12,461 11,111 322 13,263 12,075 396 Subtotal $ 49,604 $ 47,916 $ 2,606 $ 28,637 $ 26,732 $ 2,796 Total impaired loans $ 137,284 $ 127,671 $ 2,606 $ 124,444 $ 115,074 $ 2,796 |
Past Due Financing Receivables [Table Text Block] | September 30, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 8,412 $ 14,855 $ 3,900 $ 15,942 $ 43,109 $ 2,376,782 $ 2,419,891 Real estate construction loans - - - 14,267 14,267 677,219 691,486 Commercial mortgage loans - - - 28,379 28,379 6,348,668 6,377,047 Residential mortgage loans and equity lines - 89 - 6,725 6,814 3,097,474 3,104,288 Installment and other loans - - - - - 4,722 4,722 Total loans $ 8,412 $ 14,944 $ 3,900 $ 65,313 $ 92,569 $ 12,504,865 $ 12,597,434 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Non-accrual Loans Total Past Due Loans Not Past Due Total Type of Loans: (In thousands) Commercial loans $ 22,753 $ 27,190 $ - $ 15,710 $ 65,653 $ 2,182,534 $ 2,248,187 Real estate construction loans 10,390 5,835 - 5,458 21,683 526,405 548,088 Commercial mortgage loans 5,886 700 - 20,078 26,664 5,758,584 5,785,248 Residential mortgage loans and equity lines 4,390 - - 8,436 12,826 2,602,933 2,615,759 Installment and other loans - - - - - 3,993 3,993 Total loans $ 43,419 $ 33,725 $ - $ 49,682 $ 126,826 $ 11,074,449 $ 11,201,275 |
Schedule Of Troubled Debt Restructurings [Table Text Block] | Three months ended September 30, 2017 September 30, 2017 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 8 $ 18,873 $ 18,873 $ - $ 636 Commercial mortgage loans 5 4,123 3,818 305 10 Residential mortgage loans and equity lines 1 483 483 - 32 Total 14 $ 23,479 $ 23,174 $ 305 $ 678 Three months ended September 30, 2016 September 30, 2016 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 7 $ 18,258 $ 18,258 $ - $ 208 Commercial mortgage loans 1 738 738 - - Total 8 $ 18,996 $ 18,996 $ - $ 208 Nine months ended September 30, 2017 September 30, 2017 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 13 $ 19,543 $ 19,543 $ - $ 641 Real estate construction loans 2 28,489 28,489 - - Commercial mortgage loans 5 4,123 3,818 305 10 Residential mortgage loans and equity lines 1 483 483 - 32 Total 21 $ 52,638 $ 52,333 $ 305 $ 683 Nine months ended September 30, 2016 September 30, 2016 No. of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Charge-offs Specific Reserve (Dollars in thousands) Commercial loans 11 $ 23,102 $ 23,102 $ - $ 222 Commercial mortgage loans 1 738 738 - - Residential mortgage loans and equity lines 2 367 367 - - Total 14 $ 24,207 $ 24,207 $ - $ 222 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | September 30, 2017 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 21,416 $ - $ - $ 21,416 Real estate construction loans 7,480 - - 7,480 Commercial mortgage loans 16,130 5,895 4,787 26,812 Residential mortgage loans 3,516 337 2,797 6,650 Total accruing TDRs $ 48,542 $ 6,232 $ 7,584 $ 62,358 December 31, 2016 Accruing TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 7,971 $ - $ 4,081 $ 12,052 Commercial mortgage loans 25,979 5,961 12,452 44,392 Residential mortgage loans 5,104 789 3,056 8,949 Total accruing TDRs $ 39,054 $ 6,750 $ 19,589 $ 65,393 |
Non Accrual Troubled Debt Restructurings [Table Text Block] | September 30, 2017 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 13,259 $ - $ - $ 13,259 Commercial mortgage loans 1,347 1,706 16,508 19,561 Residential mortgage loans 714 - 157 871 Total non-accrual TDRs $ 15,320 $ 1,706 $ 16,665 $ 33,691 December 31, 2016 Non-accrual TDRs Payment Deferral Rate Reduction Rate Reduction and Payment Deferral Total (In thousands) Commercial loans $ 14,565 $ - $ - $ 14,565 Commercial mortgage loans 2,510 1,795 10,328 14,633 Residential mortgage loans 356 - 168 524 Total non-accrual TDRs $ 17,431 $ 1,795 $ 10,496 $ 29,722 |
Activity Within The Troubled Debt Resturings [Table Text Block] | Three months ended September 30, Nine months ended September 30, Accruing TDRs 2017 2016 2017 2016 (In thousands) Beginning balance $ 79,819 $ 74,708 $ 65,393 $ 81,680 New restructurings 21,790 18,347 49,973 20,412 Restructured loans restored to accrual status - - - 10,303 Payments (35,677 ) (6,500 ) (41,372 ) (9,816 ) Restructured loans placed on non-accrual status (3,574 ) - (9,396 ) (1,138 ) Expiration of loan concession upon renewal - - (2,240 ) (14,886 ) Ending balance $ 62,358 $ 86,555 $ 62,358 $ 86,555 Three months ended September 30, Nine months ended September 30, Non-accrual TDRs 2017 2016 2017 2016 (In thousands) Beginning balance $ 30,045 $ 25,442 $ 29,722 $ 39,923 New restructurings 2,360 649 2,360 3,794 Restructured loans placed on non-accrual status 3,574 - 9,396 1,138 Charge-offs (355 ) (3,407 ) (1,901 ) (4,352 ) Payments (1,933 ) (1,814 ) (5,160 ) (9,330 ) Foreclosures - - (726 ) - Restructured loans restored to accrual status - - - (10,303 ) Ending balance $ 33,691 $ 20,870 $ 33,691 $ 20,870 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2017 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,216,816 $ 146,479 $ 56,565 $ 31 $ 2,419,891 Real estate construction loans 604,363 65,375 21,748 - 691,486 Commercial mortgage loans 5,904,023 305,927 167,097 - 6,377,047 Residential mortgage loans and equity lines 3,064,118 31,858 8,312 - 3,104,288 Installment and other loans 4,722 - - - 4,722 Total gross loans $ 11,794,042 $ 549,639 $ 253,722 $ 31 $ 12,597,434 Loans held for sale $ - $ - $ - $ - $ - December 31, 2016 Pass/Watch Special Mention Substandard Doubtful Total (In thousands) Commercial loans $ 2,023,114 $ 140,682 $ 84,293 $ 98 $ 2,248,187 Real estate construction loans 469,909 44,129 34,050 - 548,088 Commercial mortgage loans 5,410,623 250,221 124,404 - 5,785,248 Residential mortgage loans and equity lines 2,605,834 - 9,925 - 2,615,759 Installment and other loans 3,993 - - - 3,993 Total gross loans $ 10,513,473 $ 435,032 $ 252,672 $ 98 $ 11,201,275 Loans held for sale $ - $ - $ 7,500 $ - $ 7,500 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three months ended September 30, 2017 and 2016 Real Estate Commercial Residential Installment Commercial Construction Mortgage Mortgage Loans and Other Loans Loans Loans and Equity Lines Loans Total (In thousands) June 30, 2017 Ending Balance $ 46,744 $ 17,844 $ 36,840 $ 14,364 $ 17 115,809 Provision/(credit) for possible credit losses 3,800 4,117 (4,615 ) (3,309 ) 7 - Charge-offs (80 ) - (305 ) - - (385 ) Recoveries 575 47 5,482 7 - 6,111 Net (charge-offs)/recoveries 495 47 5,177 7 - 5,726 September 30, 2017 Ending Balance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 June 30, 2016 Ending Balance $ 50,590 $ 10,753 $ 46,090 $ 15,503 $ 12 $ 122,948 Provision/(credit) for possible credit losses 4,380 (2,056 ) 3,132 (5,452 ) (4 ) - Charge-offs (3,277 ) - (4,626 ) - - (7,903 ) Recoveries 2,006 548 337 6 - 2,897 Net (charge-offs)/recoveries (1,271 ) 548 (4,289 ) 6 - (5,006 ) September 30, 2016 Ending Balance $ 53,699 $ 9,245 $ 44,933 $ 10,057 $ 8 $ 117,942 Nine months ended September 30, 2017 and 2016 Real Estate Commercial Residential Installment Commercial Construction Mortgage Mortgage Loans and Other Loans Loans Loans and Equity Lines Loans Total (In thousands) 2017 Beginning Balance $ 49,203 $ 23,268 $ 34,864 $ 11,620 $ 11 $ 118,966 Provision/(credit) for possible credit losses 2,245 (1,403 ) (2,775 ) (580 ) 13 (2,500 ) Charge-offs (1,810 ) - (860 ) - - (2,670 ) Recoveries 1,401 143 6,173 22 - 7,739 Net (charge-offs)/recoveries (409 ) 143 5,313 22 - 5,069 September 30, 2017 Ending Balance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 Reserve for impaired loans $ 1,461 $ - $ 823 $ 322 $ - $ 2,606 Reserve for non-impaired loans $ 49,578 $ 22,008 $ 36,579 $ 10,740 $ 24 $ 118,929 Reserve for off-balance sheet credit commitments $ 2,760 $ 1,206 $ 109 $ 175 $ 4 $ 4,254 2016 Beginning Balance $ 56,199 $ 22,170 $ 49,440 $ 11,145 $ 9 $ 138,963 Provision/(credit) for possible credit losses 5,815 (20,796 ) 295 (963 ) (1 ) (15,650 ) Charge-offs (12,035 ) - (5,681 ) (149 ) - (17,865 ) Recoveries 3,720 7,871 879 24 - 12,494 Net (charge-offs)/recoveries (8,315 ) 7,871 (4,802 ) (125 ) - (5,371 ) September 30, 2016 Ending Balance $ 53,699 $ 9,245 $ 44,933 $ 10,057 $ 8 $ 117,942 Reserve for impaired loans $ 1,320 $ - $ 1,248 $ 375 $ - $ 2,943 Reserve for non-impaired loans $ 52,379 $ 9,245 $ 43,685 $ 9,682 $ 8 $ 114,999 Reserve for off-balance sheet credit commitments $ 2,112 $ - $ 35 $ 80 $ 2 $ 2,229 |
Impairment Method [Member] | |
Notes Tables | |
Impaired Financing Receivables [Table Text Block] | Real Estate Commercial Residential Commercial Construction Mortgage Mortgage Loans Installment and Loans Loans Loans and Equity Lines Other Loans Total (In thousands) September 30, 2017 Loans individually evaluated for impairment Allowance $ 1,461 $ - $ 823 $ 322 $ - $ 2,606 Balance $ 37,358 $ 21,748 $ 55,190 $ 13,376 $ - $ 127,672 Loans collectively evaluated for impairment Allowance $ 49,578 $ 22,008 $ 36,579 $ 10,740 $ 24 $ 118,929 Balance $ 2,382,533 $ 669,738 $ 6,321,857 $ 3,090,912 $ 4,722 $ 12,469,762 Total allowance $ 51,039 $ 22,008 $ 37,402 $ 11,062 $ 24 $ 121,535 Total balance $ 2,419,891 $ 691,486 $ 6,377,047 $ 3,104,288 $ 4,722 $ 12,597,434 December 31, 2016 Loans individually evaluated for impairment Allowance $ 1,827 $ - $ 573 $ 396 $ - $ 2,796 Balance $ 27,761 $ 5,458 $ 64,470 $ 17,385 $ - $ 115,074 Loans collectively evaluated for impairment Allowance $ 47,376 $ 23,268 $ 34,291 $ 11,224 $ 11 $ 116,170 Balance $ 2,220,426 $ 542,630 $ 5,720,778 $ 2,598,374 $ 3,993 $ 11,086,201 Total allowance $ 49,203 $ 23,268 $ 34,864 $ 11,620 $ 11 $ 118,966 Total balance $ 2,248,187 $ 548,088 $ 5,785,248 $ 2,615,759 $ 3,993 $ 11,201,275 |
Note 12 - Fair Value Measurem30
Note 12 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | September 30, 2017 Fair Value Measurements Using Total at Level 1 Level 2 Level 3 Fair Value (In thousands) Assets Securities available-for-sale U.S. Treasury securities $ 399,436 $ - $ - $ 399,436 U.S. government agencies - 9,700 - 9,700 U.S. government sponsored entities - 393,722 - 393,722 State and municipal securities - 1,931 - 1,931 Mortgage-backed securities - 446,065 - 446,065 Collateralized mortgage obligations - 1,710 - 1,710 Corporate debt securities - 80,906 - 80,906 Mutual funds 6,271 - - 6,271 Preferred stock of government sponsored entities 8,087 - - 8,087 Other equity securities 20,659 - - 20,659 Total securities available-for-sale 434,453 934,034 - 1,368,487 Warrants - - 97 97 Foreign exchange contracts - 1,725 - 1,725 Interest rate swaps - 2,314 - 2,314 Total assets $ 434,453 $ 938,073 $ 97 $ 1,372,623 Liabilities Option contracts $ - $ 234 $ - $ 234 Foreign exchange contracts - 1,083 - 1,083 Interest rate swaps - 5,049 - 5,049 Total liabilities $ - $ 6,366 $ - $ 6,366 December 31, 2016 Fair Value Measurements Using Total at Level 1 Level 2 Level 3 Fair Value (In thousands) Assets Securities available-for-sale U.S. Treasury securities $ 489,017 $ - $ - $ 489,017 U.S. government sponsored entities - 390,331 - 390,331 Mortgage-backed securities - 336,260 - 336,260 Collateralized mortgage obligations - 28 - 28 Corporate debt securities - 74,350 - 74,350 Mutual funds 6,230 - - 6,230 Preferred stock of government sponsored entities 7,308 - - 7,308 Other equity securities 10,821 - - 10,821 Total securities available-for-sale 513,376 800,969 - 1,314,345 Warrants - - 79 79 Interest rate swaps - 938 - 938 Foreign exchange contracts - 1,302 - 1,302 Total assets $ 513,376 $ 803,209 $ 79 $ 1,316,664 Liabilities Option contracts $ - $ 121 $ - $ 121 Interest rate swaps - 3,744 - 3,744 Foreign exchange contracts - 3,132 - 3,132 Total liabilities $ - $ 6,997 $ - $ 6,997 |
Fair Value Measurements, Nonrecurring [Table Text Block] | September 30, 2017 Total (Gains)/Losses Fair Value Measurements Using Total at Three Months Ended Nine Months Ended Level 1 Level 2 Level 3 Fair Value September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 (In thousands) Assets Impaired loans by type: Commercial loans $ - $ - $ 12,525 $ 12,525 $ - $ - $ 25 $ - Commercial mortgage loans - - 21,997 21,997 - - - - Residential mortgage loans and equity lines - - 10,790 10,790 - - - - Total impaired loans - - 45,312 45,312 - - 25 - Other real estate owned (1) - 6,317 4,322 10,639 405 (206 ) 654 9 Investments in venture capital and private company stock - - 3,023 3,023 12 187 365 419 Total assets $ - $ 6,317 $ 52,657 $ 58,974 $ 417 $ (19 ) $ 1,044 $ 428 December 31, 2016 Total Losses Fair Value Measurements Using Total at Twelve Months Ended Level 1 Level 2 Level 3 Fair Value December 31, 2016 December 31, 2015 (In thousands) Assets Impaired loans by type: Commercial loans $ - $ - $ 2,813 $ 2,813 $ 322 $ 806 Commercial mortgage loans - - 9,444 9,444 - 598 Residential mortgage loans and equity lines - - 11,679 11,679 - 146 Total impaired loans - - 23,936 23,936 322 1,550 Other real estate owned (1) - 6,006 4,372 10,378 9 404 Investments in venture capital and private company stock - - 3,667 3,667 976 553 Total assets $ - $ 6,006 $ 31,975 $ 37,981 $ 1,307 $ 2,507 |
Note 13 - Fair Value of Finan31
Note 13 - Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2017 December 31, 2016 Carrying Carrying Amount Fair Value Amount Fair Value (In thousands) Financial Assets Cash and due from banks $ 167,886 $ 167,886 $ 218,017 $ 218,017 Short-term investments 573,059 573,059 967,067 967,067 Securities available-for-sale 1,368,487 1,368,487 1,314,345 1,314,345 Loans held for sale - - 7,500 7,500 Loans, net 12,472,475 12,403,100 11,077,315 11,006,344 Investment in Federal Home Loan Bank stock 21,948 21,948 17,250 17,250 Investment in Federal Reserve Bank stock 8,733 8,733 - - Warrants 97 97 79 79 Notional Notional Amount Fair Value Amount Fair Value Foreign exchange contracts $ 69,278 $ 1,725 $ 82,439 $ 1,302 Interest rate swaps 155,671 2,314 361,526 938 Carrying Carrying Amount Fair Value Amount Fair Value Financial Liabilities Deposits $ 12,561,695 $ 12,573,127 $ 11,674,726 $ 11,680,017 Securities sold under agreements to repurchase 100,000 100,549 350,000 351,989 Advances from Federal Home Loan Bank 595,000 595,037 350,000 350,062 Other borrowings 153,574 151,643 17,662 15,944 Long-term debt 119,136 68,056 119,136 63,169 Notional Notional Amount Fair Value Amount Fair Value Option contracts $ 12,307 $ 234 $ 12,117 $ 121 Foreign exchange contracts 86,625 1,083 89,545 3,132 Interest rate swaps 510,841 5,049 119,136 3,744 Notional Notional Amount Fair Value Amount Fair Value Off-Balance Sheet Financial Instruments Commitments to extend credit $ 2,287,498 $ (6,924 ) $ 2,062,241 $ (6,025 ) Standby letters of credit 140,682 (1,699 ) 75,396 (668 ) Other letters of credit 41,868 (218 ) 37,283 (16 ) Bill of lading guarantees 24 - 75 - |
Schedule Of Fair Value Of Financial Instruments [Table Text Block] | September 30, 2017 Estimated Fair Value Measurements Level 1 Level 2 Level 3 (In thousands) Financial Assets Cash and due from banks $ 167,886 $ 167,886 $ - $ - Short-term investments 573,059 573,059 - - Securities available-for-sale 1,368,487 434,453 934,034 - Loans held-for-sale - - - - Loans, net 12,403,100 - - 12,403,100 Investment in Federal Home Loan Bank stock 21,948 - 21,948 - Investment in Federal Reserve Bank stock 8,733 - 8,733 - Warrants 97 - - 97 Financial Liabilities Deposits 12,573,127 - - 12,573,127 Securities sold under agreements to repurchase 100,549 - 100,549 - Advances from Federal Home Loan Bank 595,037 - 595,037 - Other borrowings 151,643 - - 151,643 Long-term debt 68,056 - 68,056 - December 31, 2016 Estimated Fair Value Measurements Level 1 Level 2 Level 3 (In thousands) Financial Assets Cash and due from banks $ 218,017 $ 218,017 $ - $ - Short-term investments 967,067 967,067 - - Securities available-for-sale 1,314,345 513,376 800,969 - Loans held-for-sale 7,500 - - 7,500 Loans, net 11,006,344 - - 11,006,344 Investment in Federal Home Loan Bank stock 17,250 - 17,250 - Warrants 79 - - 79 Financial Liabilities Deposits 11,680,017 - - 11,680,017 Securities sold under agreements to repurchase 351,989 - 351,989 - Advances from Federal Home Loan Bank 350,062 - 350,062 - Other borrowings 15,944 - - 15,944 Long-term debt 63,169 - 63,169 - |
Note 16 - Balance Sheet Offse32
Note 16 - Balance Sheet Offsetting (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | Gross Amounts Not Offset in the Balance Sheet Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Collateral Posted Net Amount September 30, 2017 (In thousands) Assets: Derivatives $ 2,314 $ - $ 2,314 $ - $ - $ 2,314 Liabilities: Securities sold under agreements to repurchase $ 100,000 $ - $ 100,000 $ - $ (100,000 ) $ - Derivatives $ 5,049 $ - $ 5,049 $ - $ (5,049 ) $ - December 31, 2016 Assets: Derivatives $ 938 $ - $ 938 $ - $ - $ 938 Liabilities: Securities sold under agreements to repurchase $ 350,000 $ - $ 350,000 $ - $ (350,000 ) $ - Derivatives $ 3,744 $ - $ 3,744 $ - $ (3,744 ) $ - |
Note 17 - Stockholders' Equity
Note 17 - Stockholders' Equity (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three months ended September 30, 2017 Three months ended September 30, 2016 Pre-tax Tax expense/ (benefit) Net-of-tax Pre-tax Tax expense/ (benefit) Net-of-tax (In thousands) Beginning balance, loss, net of tax Securities available-for-sale $ 1,001 $ 8,539 Cash flow hedge derivatives (2,421 ) (7,397 ) Total $ (1,420 ) $ 1,142 Net unrealized (losses)/gains arising during the period Securities available-for-sale $ 1,829 $ 769 $ 1,060 $ 1,618 $ 680 $ 938 Cash flow hedge derivatives 271 114 157 1,387 583 804 Total 2,100 883 1,217 3,005 1,263 $ 1,742 Reclassification adjustment for net losses in net income Securities available-for-sale (24 ) (10 ) (14 ) (1,692 ) (711 ) (981 ) Cash flow hedge derivatives - - - - - - Total (24 ) (10 ) (14 ) (1,692 ) (711 ) (981 ) Total other comprehensive (loss)/income Securities available-for-sale 1,805 759 1,046 (74 ) (31 ) (43 ) Cash flow hedge derivatives 271 114 157 1,387 583 804 Total $ 2,076 $ 873 $ 1,203 $ 1,313 $ 552 $ 761 Ending balance, (loss)/gain, net of tax Securities available-for-sale $ 2,047 $ 8,496 Cash flow hedge derivatives (2,264 ) (6,593 ) Total $ (217 ) $ 1,903 Nine months ended September 30, 2017 Nine months ended September 30, 2016 Pre-tax Tax expense/ (benefit) Net-of-tax Pre-tax Tax expense/ (benefit) Net-of-tax (In thousands) Beginning balance, loss, net of tax Securities available-for sale $ (1,545 ) $ (5,431 ) Cash flow hedge derivatives (2,170 ) (2,995 ) Total $ (3,715 ) $ (8,426 ) Net unrealized gains/(losses) arising during the period Securities available-for sale $ 5,759 $ 2,421 $ 3,338 $ 27,170 $ 11,422 $ 15,748 Cash flow hedge derivatives (162 ) (68 ) (94 ) (6,208 ) (2,610 ) (3,598 ) Total 5,597 2,353 3,244 20,962 8,812 $ 12,150 Reclassification adjustment for net (gains)/losses in net income Securities available-for sale 439 185 254 (3,141 ) (1,320 ) (1,821 ) Cash flow hedge derivatives - - - - - - Total 439 185 254 (3,141 ) (1,320 ) (1,821 ) Total other comprehensive income/(loss) Securities available-for sale 6,198 2,606 3,592 24,029 10,102 13,927 Cash flow hedge derivatives (162 ) (68 ) (94 ) (6,208 ) (2,610 ) (3,598 ) Total $ 6,036 $ 2,538 $ 3,498 $ 17,821 $ 7,492 $ 10,329 Ending balance, gain/(loss), net of tax Securities available-for sale $ 2,047 $ 8,496 Cash flow hedge derivatives (2,264 ) (6,593 ) Total $ (217 ) $ 1,903 |
Note 1 - Business (Details Text
Note 1 - Business (Details Textual) | Sep. 30, 2017 |
Number Of Limited Partnerships In Housing Investments | 7 |
Percentage of Subsidiaries Common Securities Owned by Parent Company | 100.00% |
Southern California [Member] | |
Number Of Branch Locations | 22 |
Northern California [Member] | |
Number Of Branch Locations | 12 |
NEW YORK | |
Number Of Branch Locations | 12 |
Illinois [Member] | |
Number Of Branch Locations | 3 |
WASHINGTON Member | |
Number Of Branch Locations | 3 |
Texas [Member] | |
Number Of Branch Locations | 2 |
Massachusetts [Member] | |
Number Of Branch Locations | 1 |
New Jersey [Member] | |
Number Of Branch Locations | 1 |
Maryland [Member] | |
Number Of Branch Locations | 1 |
Nevada [Member] | |
Number Of Branch Locations | 1 |
HONG KONG | |
Number Of Branch Locations | 1 |
Note 2 - Business Combination35
Note 2 - Business Combinations (Details Textual) - SinoPac Bancorp [Member] $ in Millions | Jul. 14, 2017USD ($)shares |
Business Combination, Aggregate Purchase Price | $ 351.6 |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 926,192 |
Business Combination, Deferred Purchase Price | $ 100 |
Business Combination, Purchase Price Held, Percentage | 10.00% |
Note 2 - Business Combination36
Note 2 - Business Combinations - Fair Value of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands | Jul. 14, 2017 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 |
Liabilities assumed: | |||||
Gains on bargain purchase | $ 5,440 | $ 5,440 | |||
SinoPac Bancorp [Member] | |||||
Assets acquired: | |||||
Cash and cash equivalents | $ 166,932 | ||||
Short-term investments | 122,000 | ||||
Securities available-for-sale | 107,934 | ||||
Loans | 703,787 | ||||
Premises and equipment | 6,198 | ||||
Cash surrender value of life insurance | 46,083 | ||||
Deferred tax assets, net | 40,136 | ||||
Core deposit intangible | 7,144 | ||||
Accrued interest receivable and other assets | 9,134 | ||||
Total assets acquired | 1,209,348 | ||||
Liabilities assumed: | |||||
Deposits | 813,888 | ||||
Long-term debt | 30,000 | ||||
Accrued interest payable and other liabilities | 5,608 | ||||
Total liabilities assumed | 849,496 | ||||
Net assets acquired | 359,852 | ||||
Cash paid | 181,241 | ||||
Fair value of common stock issued | 34,862 | ||||
Total consideration paid | 216,103 | ||||
Purchase price payable to SinoPac | 138,309 | ||||
Total consideration | 354,412 | ||||
Gains on bargain purchase | $ 5,440 |
Note 4 - Recent Accounting Pr37
Note 4 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Mar. 31, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Income Tax Expense (Benefit) | $ 35,163 | $ (2,600) | $ 15,808 | $ 71,099 | $ 50,756 |
Accounting Standards Update 2016-09 [Member] | |||||
Income Tax Expense (Benefit) | $ (2,600) |
Note 5 - Earnings Per Share - E
Note 5 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net income | $ 49,746 | $ 46,090 | $ 150,102 | $ 127,084 |
Weighted-average shares: | ||||
Basic weighted-average number of common shares outstanding (in shares) | 80,665,398 | 78,865,860 | 80,073,249 | 79,147,839 |
Dilutive effect of weighted-average outstanding common share equivalents | ||||
Diluted weighted-average number of common shares outstanding (in shares) | 81,404,854 | 79,697,069 | 80,797,179 | 79,902,846 |
Average stock options and warrants with anti-dilutive effect (in shares) | 0 | 207,183 | 6,561 | 247,974 |
Basic (in dollars per share) | $ 0.62 | $ 0.58 | $ 1.87 | $ 1.61 |
Diluted (in dollars per share) | $ 0.61 | $ 0.58 | $ 1.86 | $ 1.59 |
Warrant [Member] | ||||
Dilutive effect of weighted-average outstanding common share equivalents | ||||
Warrants (in shares) | 399,957 | 569,949 | 409,019 | 520,686 |
Employee Stock Option [Member] | ||||
Dilutive effect of weighted-average outstanding common share equivalents | ||||
Warrants (in shares) | 19,221 | 95,850 | 25,706 | 90,461 |
Restricted Stock Units (RSUs) [Member] | ||||
Dilutive effect of weighted-average outstanding common share equivalents | ||||
Warrants (in shares) | 320,278 | 165,410 | 289,205 | 143,860 |
Note 6 - Stock-based Compensa39
Note 6 - Stock-based Compensation (Details Textual) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Feb. 28, 2017shares | Sep. 30, 2017USD ($)shares | Jun. 30, 2017shares | Mar. 31, 2017shares | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($)$ / sharesshares | Sep. 30, 2016USD ($)shares | Dec. 31, 2016$ / sharesshares | Dec. 31, 2015shares | Dec. 31, 2014shares | |
Maximum Period Of Common Stock Granted | 10 years | |||||||||
Annual Increments To Be Vested In Common Stock Units | 20.00% | 20.00% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | ||||||||
Allocated Share-based Compensation Expense | $ | $ 0 | $ 0 | $ 0 | $ 0 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 6,000 | 19,500 | 18,040 | 43,540 | 2,110 | |||||
Proceeds from Stock Options Exercised | $ | $ 1,018,000 | $ 49,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ | 607,000 | 9,000 | ||||||||
Benefit (Shortfall) of Tax Deductions from Share-based Compensation | $ | $ 2,600,000 | 3,400,000 | ||||||||
2005 Incentive Plan [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 3,465,411 | 3,465,411 | ||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||
Allocated Share-based Compensation Expense | $ | $ 1,300,000 | $ 1,200,000 | $ 3,900,000 | $ 3,300,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 87,781 | 88,693 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares | $ 38.59 | $ 30.37 | ||||||||
Number of Officers Receiving Award | 7 | |||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ | $ 9,100,000 | $ 9,100,000 | ||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years | |||||||||
Performance TSR Restricted Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 30,319 | 61,209 | 60,456 | |||||||
Performance EPS Restricted Stock Units [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 58,241 | 57,409 | 57,642 | |||||||
Performance ROA Restricted Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 29,119 | |||||||||
Performance TSR Restricted Stock and EPS Restricted Stock [Member] | December 2013 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 297,171 | |||||||||
Performance TSR Restricted Stock and EPS Restricted Stock Based on Higher than Target Actual Performance and Cash Dividends [Member] | December 2013 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 76,623 |
Note 6 - Stock-based Compensa40
Note 6 - Stock-based Compensation - Stock Options (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Balance, Shares (in shares) | 45,130 | 64,630 | 82,670 | 82,670 | ||
Balance, Weighted-Average Exercise Price (in dollars per share) | $ 23.37 | $ 23.37 | $ 23.37 | $ 23.37 | ||
Balance, Weighted-Average Remaining Contractual Life (Year) | 146 days | 255 days | 328 days | 1 year 36 days | ||
Balance, Aggregate Intrinsic Value | $ 659 | $ 658,000 | $ 925,000 | $ 659 | $ 1,211,000 | |
Exercised, Shares (in shares) | (6,000) | (19,500) | (18,040) | (43,540) | (2,110) | |
Exercised, Weighted-Average Exercise Price (in dollars per share) | $ 23.37 | $ 23.37 | $ 23.37 | |||
Balance, Shares (in shares) | 39,130 | 45,130 | 64,630 | 39,130 | 82,670 | |
Balance, Weighted-Average Exercise Price (in dollars per share) | $ 23.37 | $ 23.37 | $ 23.37 | $ 23.37 | $ 23.37 | |
Exercisable, Shares (in shares) | 39,130 | 39,130 | ||||
Exercisable, Weighted-Average Exercise Price (in dollars per share) | $ 23.37 | $ 23.37 | ||||
Exercisable, Weighted-Average Remaining Contractual Life (Year) | 146 days | |||||
Exercisable, Aggregate Intrinsic Value | $ 659,000 | $ 659,000 |
Note 6 - Stock-based Compensa41
Note 6 - Stock-based Compensation - Restricted Stock Units (Details) - Restricted Stock [Member] | 9 Months Ended |
Sep. 30, 2017shares | |
Balance (in shares) | 727,419 |
Granted (in shares) | 164,404 |
Distributed (in shares) | (297,905) |
Forfeited (in shares) | (10,424) |
Balance (in shares) | 583,494 |
Note 7 - Investment Securitie42
Note 7 - Investment Securities (Details Textual) - USD ($) | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Available-for-sale Securities | $ 1,368,487,000 | $ 1,314,345,000 | |
Proceeds from Sale of Mortgage Backed Securities (MBS) categorized as Available-for-sale | 0 | $ 415,300,000 | |
Proceeds from Maturities, Prepayments and Calls of Mortgage Backed Securities (MBS) | 48,500,000 | 125,300,000 | |
Proceeds From Sales And Repayments Of Other Investment Securities | 99,500,000 | 0 | |
Proceeds from Maturities Repayments and Calls of Other Investment Securities | 341,300,000 | 460,000,000 | |
Realized Loss From Sale And Call Of Investment Securities | 439,000 | ||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | 0 | $ 206,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | 9,300,000 | 14,968,000 | |
Pledged Investment Securities | $ 291,400,000 | $ 649,100,000 |
Note 7 - Investment Securitie43
Note 7 - Investment Securities - Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale, amortized cost | $ 1,364,955 | $ 1,317,012 |
Securities available-for-sale, gross unrealized gains | 12,832 | 12,301 |
Securities available-for-sale, gross unrealized losses | 9,300 | 14,968 |
Securities available-for-sale | 1,368,487 | 1,314,345 |
US Treasury Securities [Member] | ||
Securities available-for-sale, amortized cost | 399,741 | 489,839 |
Securities available-for-sale, gross unrealized gains | 35 | |
Securities available-for-sale, gross unrealized losses | 305 | 857 |
Securities available-for-sale | 399,436 | 489,017 |
US Government Corporations and Agencies Securities [Member] | ||
Securities available-for-sale, amortized cost | 9,679 | |
Securities available-for-sale, gross unrealized gains | 27 | |
Securities available-for-sale, gross unrealized losses | 6 | |
Securities available-for-sale | 9,700 | |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 400,000 | 400,000 |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | 6,278 | 9,669 |
Securities available-for-sale | 393,722 | 390,331 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available-for-sale, amortized cost | 447,959 | 339,241 |
Securities available-for-sale, gross unrealized gains | 468 | 309 |
Securities available-for-sale, gross unrealized losses | 2,362 | 3,290 |
Securities available-for-sale | 446,065 | 336,260 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 1,943 | |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | 12 | |
Securities available-for-sale | 1,931 | |
Collateralized Mortgage Obligations [Member] | ||
Securities available-for-sale, amortized cost | 1,715 | 48 |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | 5 | 20 |
Securities available-for-sale | 1,710 | 28 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, amortized cost | 80,007 | 74,965 |
Securities available-for-sale, gross unrealized gains | 904 | 247 |
Securities available-for-sale, gross unrealized losses | 5 | 862 |
Securities available-for-sale | 80,906 | 74,350 |
Mutual Funds [Member] | ||
Securities available-for-sale, amortized cost | 6,500 | 6,500 |
Securities available-for-sale, gross unrealized gains | ||
Securities available-for-sale, gross unrealized losses | 229 | 270 |
Securities available-for-sale | 6,271 | 6,230 |
Preferred Stock of Government Sponsored Entities [Member] | ||
Securities available-for-sale, amortized cost | 4,117 | 2,811 |
Securities available-for-sale, gross unrealized gains | 3,970 | 4,497 |
Securities available-for-sale, gross unrealized losses | ||
Securities available-for-sale | 8,087 | 7,308 |
Other Equity Securities [Member] | ||
Securities available-for-sale, amortized cost | 13,294 | 3,608 |
Securities available-for-sale, gross unrealized gains | 7,463 | 7,213 |
Securities available-for-sale, gross unrealized losses | 98 | |
Securities available-for-sale | $ 20,659 | $ 10,821 |
Note 7 - Investment Securitie44
Note 7 - Investment Securities - Investments by Contractual Maturity Date (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Due in one year or less, Amortized Cost | $ 415,782 | ||
Due in one year or less, Fair Value | 415,555 | ||
Due after one year through five years, Amortized Cost | 465,328 | ||
Due after one year through five years, Fair Value | 459,924 | ||
Due after five years through ten years, Amortized Cost | 8,658 | ||
Due after five years through ten years, Fair Value | 8,647 | ||
Due after ten years (1), Amortized Cost | [1] | 475,187 | |
Due after ten years (1), Fair Value | [1] | 484,361 | |
Total, Amortized Cost | 1,364,955 | $ 1,317,012 | |
Total, Fair Value | $ 1,368,487 | $ 1,314,345 | |
[1] | Equity securities are reported in this category |
Note 7 - Investment Securitie45
Note 7 - Investment Securities - Temporarily Impaired Securities (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Temporarily impaired securities, less than 12 months, fair value | $ 1,107,943,000 | $ 1,017,655,000 |
Temporarily impaired securities, less than 12 months, unrealized losses | 8,809,000 | 13,814,000 |
Temporarily impaired securities, 12 months or longer, fair value | 56,122,000 | 35,458,000 |
Temporarily impaired securities, 12 months or longer, unrealized losses | 491,000 | 1,154,000 |
Temporarily impaired securities, total fair value | 1,164,065,000 | 1,053,113,000 |
Temporarily impaired securities, total unrealized losses | 9,300,000 | 14,968,000 |
US Treasury Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 339,707,000 | 299,088,000 |
Temporarily impaired securities, less than 12 months, unrealized losses | 46,000 | 857,000 |
Temporarily impaired securities, 12 months or longer, fair value | 49,729,000 | |
Temporarily impaired securities, 12 months or longer, unrealized losses | 259,000 | |
Temporarily impaired securities, total fair value | 389,436,000 | 299,088,000 |
Temporarily impaired securities, total unrealized losses | 305,000 | 857,000 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 395,774,000 | 390,331,000 |
Temporarily impaired securities, less than 12 months, unrealized losses | 6,284,000 | 9,669,000 |
Temporarily impaired securities, 12 months or longer, fair value | ||
Temporarily impaired securities, 12 months or longer, unrealized losses | ||
Temporarily impaired securities, total fair value | 395,774,000 | 390,331,000 |
Temporarily impaired securities, total unrealized losses | 6,284,000 | 9,669,000 |
US States and Political Subdivisions Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 1,931,000 | |
Temporarily impaired securities, less than 12 months, unrealized losses | 12,000 | |
Temporarily impaired securities, 12 months or longer, fair value | ||
Temporarily impaired securities, 12 months or longer, unrealized losses | ||
Temporarily impaired securities, total fair value | 1,931,000 | |
Temporarily impaired securities, total unrealized losses | 12,000 | |
Collateralized Mortgage Backed Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 359,112,000 | 328,236,000 |
Temporarily impaired securities, less than 12 months, unrealized losses | 2,359,000 | 3,288,000 |
Temporarily impaired securities, 12 months or longer, fair value | 122,000 | 62,000 |
Temporarily impaired securities, 12 months or longer, unrealized losses | 3,000 | 2,000 |
Temporarily impaired securities, total fair value | 359,234,000 | 328,298,000 |
Temporarily impaired securities, total unrealized losses | 2,362,000 | 3,290,000 |
Collateralized Mortgage Obligations [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 1,710,000 | |
Temporarily impaired securities, less than 12 months, unrealized losses | 5,000 | |
Temporarily impaired securities, 12 months or longer, fair value | 28,000 | |
Temporarily impaired securities, 12 months or longer, unrealized losses | 20,000 | |
Temporarily impaired securities, total fair value | 1,710,000 | 28,000 |
Temporarily impaired securities, total unrealized losses | 5,000 | 20,000 |
Corporate Debt Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 5,029,000 | |
Temporarily impaired securities, less than 12 months, unrealized losses | 5,000 | |
Temporarily impaired securities, 12 months or longer, fair value | 29,138,000 | |
Temporarily impaired securities, 12 months or longer, unrealized losses | 862,000 | |
Temporarily impaired securities, total fair value | 5,029,000 | 29,138,000 |
Temporarily impaired securities, total unrealized losses | 5,000 | 862,000 |
Mutual Funds [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | ||
Temporarily impaired securities, less than 12 months, unrealized losses | ||
Temporarily impaired securities, 12 months or longer, fair value | 6,271,000 | 6,230,000 |
Temporarily impaired securities, 12 months or longer, unrealized losses | 229,000 | 270,000 |
Temporarily impaired securities, total fair value | 6,271,000 | 6,230,000 |
Temporarily impaired securities, total unrealized losses | 229,000 | $ 270,000 |
Other Equity Securities [Member] | ||
Temporarily impaired securities, less than 12 months, fair value | 4,680,000 | |
Temporarily impaired securities, less than 12 months, unrealized losses | 98,000 | |
Temporarily impaired securities, 12 months or longer, fair value | ||
Temporarily impaired securities, 12 months or longer, unrealized losses | ||
Temporarily impaired securities, total fair value | 4,680,000 | |
Temporarily impaired securities, total unrealized losses | $ 98,000 |
Note 8 - Loans (Details Textual
Note 8 - Loans (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Dec. 31, 2016 | |
Impaired Financing Receivable, Recorded Investment | $ 127,671,000 | $ 127,671,000 | $ 127,671,000 | $ 115,074,000 | ||
Percentage Of Charge Off To Contractual Balances For Impaired Loans | 7.10% | 7.10% | 7.10% | 8.40% | ||
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 678,000 | $ 208,000 | $ 678,000 | $ 208,000 | $ 678,000 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 305,000 | 305,000 | ||||
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | 0 | 0 | |||
Commercial Portfolio Segment [Member] | ||||||
Allowance for Credit Losses, Change in Method of Calculating Impairment | 636,000 | 208,000 | 636,000 | 208,000 | 636,000 | |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 50,000 | |||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 2,100,000 | |||||
Minimum [Member] | ||||||
Period Loan Is In Payment Default | 60 days | |||||
Maximum [Member] | ||||||
Period Loan Is In Payment Default | 90 days | |||||
Rate Reduction [Member] | Minimum [Member] | ||||||
Troubled Debt Restructurings Length Of Modifications | 90 days | |||||
Nonaccrual Loans [Member] | ||||||
Impaired Financing Receivable, Recorded Investment | 65,300,000 | $ 65,300,000 | 65,300,000 | $ 49,700,000 | ||
Accruing Troubled Debt Restructuring [Member] | ||||||
Impaired Financing Receivable, Recorded Investment | 62,400,000 | 62,400,000 | 62,400,000 | 65,400,000 | ||
Financing Receivable, Modifications, Recorded Investment | 62,400,000 | 62,400,000 | 62,400,000 | 65,400,000 | ||
Allowance for Credit Losses, Change in Method of Calculating Impairment | 1,100,000 | 1,100,000 | 1,100,000 | 1,300,000 | ||
Non-accruing Troubled Debt Restructuring [Member] | ||||||
Financing Receivable, Modifications, Recorded Investment | 33,700,000 | 33,700,000 | 33,700,000 | 29,700,000 | ||
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 143,000 | $ 143,000 | $ 143,000 | $ 1,100,000 |
Note 8 - Loans - Components of
Note 8 - Loans - Components of Loans in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans | $ 12,597,434 | $ 11,201,275 |
Less: Allowance for loan losses | (121,535) | (118,966) |
Unamortized deferred loan fees, net | (3,424) | (4,994) |
Total loans, net | 12,472,475 | 11,077,315 |
Loans held for sale | 7,500 | |
Commercial Portfolio Segment [Member] | ||
Loans | 2,419,891 | 2,248,187 |
Less: Allowance for loan losses | (51,039) | (49,203) |
Residential Portfolio Segment [Member] | ||
Loans | 2,922,537 | 2,444,048 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 6,377,047 | 5,785,248 |
Less: Allowance for loan losses | (37,402) | (34,864) |
Real Estate Construction Portfolio Segment [Member] | ||
Loans | 691,486 | 548,088 |
Less: Allowance for loan losses | (22,008) | (23,268) |
Equity Lines Portfolio Segment [Member] | ||
Loans | 181,751 | 171,711 |
Consumer Portfolio Segment [Member] | ||
Loans | 4,722 | 3,993 |
Less: Allowance for loan losses | $ (24) | $ (11) |
Note 8 - Loans - Average Balanc
Note 8 - Loans - Average Balance and Interest Income Recognized Related to Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Average Recorded Investment | $ 127,259 | $ 133,221 | $ 127,722 | $ 134,519 |
Interest Income Recognized | 1,264 | 1,160 | 2,349 | 3,209 |
Commercial Portfolio Segment [Member] | ||||
Average Recorded Investment | 24,987 | 28,091 | 22,572 | 18,602 |
Interest Income Recognized | 678 | 170 | 760 | 488 |
Real Estate Construction Portfolio Segment [Member] | ||||
Average Recorded Investment | 29,780 | 5,869 | 29,868 | 12,005 |
Interest Income Recognized | 99 | 66 | 287 | 196 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Average Recorded Investment | 58,555 | 81,005 | 60,074 | 86,456 |
Interest Income Recognized | 391 | 776 | 1,015 | 2,124 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||||
Average Recorded Investment | 13,937 | 18,256 | 15,208 | 17,456 |
Interest Income Recognized | $ 96 | $ 148 | $ 287 | $ 401 |
Note 8 - Loans - Impaired Loans
Note 8 - Loans - Impaired Loans and Related Allowance for Credit Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans with no related allowance, unpaid principal balance | $ 87,680 | $ 95,807 |
Loans with no related allowance, recorded investment | 79,755 | 88,342 |
Loans with related allowance, unpaid principal balance | 49,604 | 28,637 |
Loans with related allowance, recorded investment | 47,916 | 26,732 |
Allowance | 2,606 | 2,796 |
Total impaired loans, unpaid principal balance | 137,284 | 124,444 |
Total impaired loans, recorded investment | 127,671 | 115,074 |
Commercial Portfolio Segment [Member] | ||
Loans with no related allowance, unpaid principal balance | 23,953 | 24,037 |
Loans with no related allowance, recorded investment | 23,373 | 23,121 |
Loans with related allowance, unpaid principal balance | 14,082 | 5,216 |
Loans with related allowance, recorded investment | 13,985 | 4,640 |
Allowance | 1,461 | 1,827 |
Real Estate Construction Portfolio Segment [Member] | ||
Loans with no related allowance, unpaid principal balance | 22,309 | 5,776 |
Loans with no related allowance, recorded investment | 21,748 | 5,458 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans with no related allowance, unpaid principal balance | 39,154 | 60,522 |
Loans with no related allowance, recorded investment | 32,370 | 54,453 |
Loans with related allowance, unpaid principal balance | 23,061 | 10,158 |
Loans with related allowance, recorded investment | 22,820 | 10,017 |
Allowance | 823 | 573 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans with no related allowance, unpaid principal balance | 2,264 | 5,472 |
Loans with no related allowance, recorded investment | 2,264 | 5,310 |
Loans with related allowance, unpaid principal balance | 12,461 | 13,263 |
Loans with related allowance, recorded investment | 11,111 | 12,075 |
Allowance | $ 322 | $ 396 |
Note 8 - Loans - Aging of Loan
Note 8 - Loans - Aging of Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans past due | $ 92,569 | $ 126,826 |
Non-accrual loans | 65,313 | 49,682 |
Loans not past due | 12,504,865 | 11,074,449 |
Loans | 12,597,434 | 11,201,275 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 8,412 | 43,419 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 14,944 | 33,725 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 3,900 | |
Commercial Portfolio Segment [Member] | ||
Loans past due | 43,109 | 65,653 |
Non-accrual loans | 15,942 | 15,710 |
Loans not past due | 2,376,782 | 2,182,534 |
Loans | 2,419,891 | 2,248,187 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 8,412 | 22,753 |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 14,855 | 27,190 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 3,900 | |
Real Estate Construction Portfolio Segment [Member] | ||
Loans past due | 14,267 | 21,683 |
Non-accrual loans | 14,267 | 5,458 |
Loans not past due | 677,219 | 526,405 |
Loans | 691,486 | 548,088 |
Real Estate Construction Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 10,390 | |
Real Estate Construction Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 5,835 | |
Real Estate Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Loans past due | 28,379 | 26,664 |
Non-accrual loans | 28,379 | 20,078 |
Loans not past due | 6,348,668 | 5,758,584 |
Loans | 6,377,047 | 5,785,248 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 5,886 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 700 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | ||
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans past due | 6,814 | 12,826 |
Non-accrual loans | 6,725 | 8,436 |
Loans not past due | 3,097,474 | 2,602,933 |
Loans | 3,104,288 | 2,615,759 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 4,390 | |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 89 | |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | ||
Installment and Other Loans [Member ] | ||
Loans past due | ||
Non-accrual loans | ||
Loans not past due | 4,722 | 3,993 |
Loans | 4,722 | 3,993 |
Installment and Other Loans [Member ] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | ||
Installment and Other Loans [Member ] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | ||
Installment and Other Loans [Member ] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due |
Note 8 - Loans - Troubled Debt
Note 8 - Loans - Troubled Debt Restructuring (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | |
No. of Contracts | 14 | 8 | 21 | 14 | |
Pre-Modification Outstanding Recorded Investment | $ 23,479,000 | $ 18,996,000 | $ 52,638,000 | $ 24,207,000 | |
Post-Modification Outstanding Recorded Investment | 23,174,000 | 18,996,000 | 52,333,000 | 24,207,000 | |
Charge-offs | 305,000 | 305,000 | |||
Special Reserve | $ 678,000 | $ 208,000 | $ 678,000 | $ 208,000 | $ 678,000 |
Commercial Portfolio Segment [Member] | |||||
No. of Contracts | 8 | 7 | 13 | 11 | |
Pre-Modification Outstanding Recorded Investment | $ 18,873,000 | $ 18,258,000 | $ 19,543,000 | $ 23,102,000 | |
Post-Modification Outstanding Recorded Investment | 18,873,000 | 18,258,000 | 19,543,000 | 23,102,000 | |
Charge-offs | 2,100,000 | ||||
Special Reserve | $ 636,000 | $ 208,000 | $ 636,000 | $ 208,000 | 636,000 |
Commercial Real Estate Portfolio Segment [Member] | |||||
No. of Contracts | 5 | 1 | 5 | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 4,123,000 | $ 738,000 | $ 4,123,000 | $ 738,000 | |
Post-Modification Outstanding Recorded Investment | 3,818,000 | 738,000 | 3,818,000 | 738,000 | |
Charge-offs | 305,000 | 305,000 | |||
Special Reserve | 10,000 | $ 10,000 | 10,000 | ||
Real Estate Construction Portfolio Segment [Member] | |||||
No. of Contracts | 2 | ||||
Pre-Modification Outstanding Recorded Investment | $ 28,489,000 | ||||
Post-Modification Outstanding Recorded Investment | 28,489,000 | ||||
Charge-offs | |||||
Special Reserve | |||||
Residential Mortgage and Equity Lines Portfolio Segment [Member] | |||||
No. of Contracts | 1 | 1 | 2 | ||
Pre-Modification Outstanding Recorded Investment | $ 483,000 | $ 483,000 | $ 367,000 | ||
Post-Modification Outstanding Recorded Investment | 483,000 | 483,000 | 367,000 | ||
Charge-offs | |||||
Special Reserve | $ 32,000 | $ 32,000 | $ 32,000 |
Note 8 - Loans - Accruing Troub
Note 8 - Loans - Accruing Troubled Debt Restructurings (Details) - Accruing Troubled Debt Restructuring [Member] - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Accruing TDRs | $ 62,358 | $ 79,819 | $ 65,393 | $ 86,555 | $ 74,708 | $ 81,680 |
Payment Deferral [Member] | ||||||
Accruing TDRs | 48,542 | 39,054 | ||||
Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | 6,232 | 6,750 | ||||
Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | 7,584 | 19,589 | ||||
Commercial Portfolio Segment [Member] | ||||||
Accruing TDRs | 21,416 | 12,052 | ||||
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 21,416 | 7,971 | ||||
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | ||||||
Commercial Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | 4,081 | |||||
Real Estate Construction Loans [Member] | ||||||
Accruing TDRs | 7,480 | |||||
Real Estate Construction Loans [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 7,480 | |||||
Real Estate Construction Loans [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | ||||||
Real Estate Construction Loans [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | ||||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Accruing TDRs | 26,812 | 44,392 | ||||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 16,130 | 25,979 | ||||
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | 5,895 | 5,961 | ||||
Commercial Real Estate Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | 4,787 | 12,452 | ||||
Residential Portfolio Segment [Member] | ||||||
Accruing TDRs | 6,650 | 8,949 | ||||
Residential Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 3,516 | 5,104 | ||||
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | 337 | 789 | ||||
Residential Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | $ 2,797 | $ 3,056 |
Note 8 - Loans - Non-accrual Tr
Note 8 - Loans - Non-accrual Troubled Debt Restructurings (Details) - Non-accruing Troubled Debt Restructuring [Member] - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Accruing TDRs | $ 33,691 | $ 30,045 | $ 29,722 | $ 20,870 | $ 25,442 | $ 39,923 |
Payment Deferral [Member] | ||||||
Accruing TDRs | 15,320 | 17,431 | ||||
Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | 1,706 | 1,795 | ||||
Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | 16,665 | 10,496 | ||||
Commercial Portfolio Segment [Member] | ||||||
Accruing TDRs | 13,259 | 14,565 | ||||
Commercial Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 13,259 | 14,565 | ||||
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | ||||||
Commercial Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | ||||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Accruing TDRs | 19,561 | 14,633 | ||||
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 1,347 | 2,510 | ||||
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | 1,706 | 1,795 | ||||
Commercial Real Estate Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | 16,508 | 10,328 | ||||
Residential Portfolio Segment [Member] | ||||||
Accruing TDRs | 871 | 524 | ||||
Residential Portfolio Segment [Member] | Payment Deferral [Member] | ||||||
Accruing TDRs | 714 | 356 | ||||
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | ||||||
Accruing TDRs | ||||||
Residential Portfolio Segment [Member] | Rate Reduction and Payment Deferral [Member] | ||||||
Accruing TDRs | $ 157 | $ 168 |
Note 8 - Loans - Troubled Deb54
Note 8 - Loans - Troubled Debt Restructuring Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | |
Charge-offs | $ (305) | $ (305) | |||
Accruing Troubled Debt Restructuring [Member] | |||||
Beginning balance | 79,819 | 74,708 | 65,393 | 81,680 | $ 86,555 |
New restructurings | 21,790 | 18,347 | 49,973 | 20,412 | |
Restructured loans restored to accrual status | 10,303 | ||||
Payments | (35,677) | (6,500) | (41,372) | (9,816) | |
Restructured loans placed on non-accrual status | (3,574) | (9,396) | (1,138) | ||
Expiration of loan concession upon renewal | (2,240) | (14,886) | |||
Ending balance | 62,358 | 86,555 | 62,358 | 86,555 | 62,358 |
Non-accruing Troubled Debt Restructuring [Member] | |||||
Beginning balance | 30,045 | 25,442 | 29,722 | 39,923 | 20,870 |
New restructurings | 2,360 | 649 | 2,360 | 3,794 | |
Restructured loans restored to accrual status | 3,574 | 9,396 | 1,138 | ||
Payments | (1,933) | (1,814) | (5,160) | (9,330) | |
Restructured loans placed on non-accrual status | (10,303) | ||||
Charge-offs | (355) | (3,407) | (1,901) | (4,352) | |
Foreclosures | (726) | ||||
Ending balance | $ 33,691 | $ 20,870 | $ 33,691 | $ 20,870 | $ 33,691 |
Note 8 - Loans - Portfolio by R
Note 8 - Loans - Portfolio by Risk Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans | $ 12,597,434 | $ 11,201,275 |
Loans held for sale | 7,500 | |
Commercial Portfolio Segment [Member] | ||
Loans | 2,419,891 | 2,248,187 |
Real Estate Construction Portfolio Segment [Member] | ||
Loans | 691,486 | 548,088 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 6,377,047 | 5,785,248 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans | 3,104,288 | 2,615,759 |
Consumer Portfolio Segment [Member] | ||
Loans | 4,722 | 3,993 |
Pass [Member] | ||
Loans | 11,794,042 | 10,513,473 |
Loans held for sale | ||
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 2,216,816 | 2,023,114 |
Pass [Member] | Real Estate Construction Portfolio Segment [Member] | ||
Loans | 604,363 | 469,909 |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 5,904,023 | 5,410,623 |
Pass [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans | 3,064,118 | 2,605,834 |
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans | 4,722 | 3,993 |
Special Mention [Member] | ||
Loans | 549,639 | 435,032 |
Loans held for sale | ||
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 146,479 | 140,682 |
Special Mention [Member] | Real Estate Construction Portfolio Segment [Member] | ||
Loans | 65,375 | 44,129 |
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 305,927 | 250,221 |
Special Mention [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans | 31,858 | |
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Substandard [Member] | ||
Loans | 253,722 | 252,672 |
Loans held for sale | 7,500 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 56,565 | 84,293 |
Substandard [Member] | Real Estate Construction Portfolio Segment [Member] | ||
Loans | 21,748 | 34,050 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 167,097 | 124,404 |
Substandard [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans | 8,312 | 9,925 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | ||
Loans | 31 | 98 |
Loans held for sale | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | ||
Loans | 31 | 98 |
Doubtful [Member] | Real Estate Construction Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans | ||
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||
Loans |
Note 8 - Loans - Allowance for
Note 8 - Loans - Allowance for Loan Losses by Portfolio Segment and Based on Impairment Method (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans individually evaluated for impairment, allowance | $ 2,606 | $ 2,796 |
Loans individually evaluated for impairment, balance | 127,672 | 115,074 |
Loans collectively evaluated for impairment, allowance | 118,929 | 116,170 |
Loans collectively evaluated for impairment, balance | 12,469,762 | 11,086,201 |
Loans, allowance | 121,535 | 118,966 |
Loans | 12,597,434 | 11,201,275 |
Commercial Portfolio Segment [Member] | ||
Loans individually evaluated for impairment, allowance | 1,461 | 1,827 |
Loans individually evaluated for impairment, balance | 37,358 | 27,761 |
Loans collectively evaluated for impairment, allowance | 49,578 | 47,376 |
Loans collectively evaluated for impairment, balance | 2,382,533 | 2,220,426 |
Loans, allowance | 51,039 | 49,203 |
Loans | 2,419,891 | 2,248,187 |
Real Estate Construction Portfolio Segment [Member] | ||
Loans individually evaluated for impairment, allowance | ||
Loans individually evaluated for impairment, balance | 21,748 | 5,458 |
Loans collectively evaluated for impairment, allowance | 22,008 | 23,268 |
Loans collectively evaluated for impairment, balance | 669,738 | 542,630 |
Loans, allowance | 22,008 | 23,268 |
Loans | 691,486 | 548,088 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans individually evaluated for impairment, allowance | 823 | 573 |
Loans individually evaluated for impairment, balance | 55,190 | 64,470 |
Loans collectively evaluated for impairment, allowance | 36,579 | 34,291 |
Loans collectively evaluated for impairment, balance | 6,321,857 | 5,720,778 |
Loans, allowance | 37,402 | 34,864 |
Loans | 6,377,047 | 5,785,248 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||
Loans individually evaluated for impairment, allowance | 322 | 396 |
Loans individually evaluated for impairment, balance | 13,376 | 17,385 |
Loans collectively evaluated for impairment, allowance | 10,740 | 11,224 |
Loans collectively evaluated for impairment, balance | 3,090,912 | 2,598,374 |
Loans, allowance | 11,062 | 11,620 |
Loans | 3,104,288 | 2,615,759 |
Consumer Portfolio Segment [Member] | ||
Loans individually evaluated for impairment, allowance | ||
Loans individually evaluated for impairment, balance | ||
Loans collectively evaluated for impairment, allowance | 24 | 11 |
Loans collectively evaluated for impairment, balance | 4,722 | 3,993 |
Loans, allowance | 24 | 11 |
Loans | $ 4,722 | $ 3,993 |
Note 8 - Loans - Allowance fo57
Note 8 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
June 30, 2017 Ending Balance | $ 115,809 | $ 122,948 | $ 118,966 | $ 138,963 |
Provision/(credit) for possible credit losses | (2,500) | (15,650) | ||
Charge-offs | (385) | (7,903) | (2,670) | (17,865) |
Recoveries | 6,111 | 2,897 | 7,739 | 12,494 |
Net (charge-offs)/recoveries | 5,726 | (5,006) | 5,069 | (5,371) |
September 30, 2017 Ending Balance | 121,535 | 117,942 | 121,535 | 117,942 |
Reserve for impaired loans | 2,606 | 2,943 | 2,606 | 2,943 |
Reserve for non-impaired loans | 118,929 | 114,999 | 118,929 | 114,999 |
Reserve for off-balance sheet credit commitments | 4,254 | 2,229 | 4,254 | 2,229 |
Commercial Portfolio Segment [Member] | ||||
June 30, 2017 Ending Balance | 46,744 | 50,590 | 49,203 | 56,199 |
Provision/(credit) for possible credit losses | 3,800 | 4,380 | 2,245 | 5,815 |
Charge-offs | (80) | (3,277) | (1,810) | (12,035) |
Recoveries | 575 | 2,006 | 1,401 | 3,720 |
Net (charge-offs)/recoveries | 495 | (1,271) | (409) | (8,315) |
September 30, 2017 Ending Balance | 51,039 | 53,699 | 51,039 | 53,699 |
Reserve for impaired loans | 1,461 | 1,320 | 1,461 | 1,320 |
Reserve for non-impaired loans | 49,578 | 52,379 | 49,578 | 52,379 |
Reserve for off-balance sheet credit commitments | 2,760 | 2,112 | 2,760 | 2,112 |
Real Estate Construction Portfolio Segment [Member] | ||||
June 30, 2017 Ending Balance | 17,844 | 10,753 | 23,268 | 22,170 |
Provision/(credit) for possible credit losses | 4,117 | (2,056) | (1,403) | (20,796) |
Charge-offs | ||||
Recoveries | 47 | 548 | 143 | 7,871 |
Net (charge-offs)/recoveries | 47 | 548 | 143 | 7,871 |
September 30, 2017 Ending Balance | 22,008 | 9,245 | 22,008 | 9,245 |
Reserve for impaired loans | ||||
Reserve for non-impaired loans | 22,008 | 9,245 | 22,008 | 9,245 |
Reserve for off-balance sheet credit commitments | 1,206 | 1,206 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
June 30, 2017 Ending Balance | 36,840 | 46,090 | 34,864 | 49,440 |
Provision/(credit) for possible credit losses | (4,615) | 3,132 | (2,775) | 295 |
Charge-offs | (305) | (4,626) | (860) | (5,681) |
Recoveries | 5,482 | 337 | 6,173 | 879 |
Net (charge-offs)/recoveries | 5,177 | (4,289) | 5,313 | (4,802) |
September 30, 2017 Ending Balance | 37,402 | 44,933 | 37,402 | 44,933 |
Reserve for impaired loans | 823 | 1,248 | 823 | 1,248 |
Reserve for non-impaired loans | 36,579 | 43,685 | 36,579 | 43,685 |
Reserve for off-balance sheet credit commitments | 109 | 35 | 109 | 35 |
Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||||
June 30, 2017 Ending Balance | 14,364 | 15,503 | 11,620 | 11,145 |
Provision/(credit) for possible credit losses | (3,309) | (5,452) | (580) | (963) |
Charge-offs | (149) | |||
Recoveries | 7 | 6 | 22 | 24 |
Net (charge-offs)/recoveries | 7 | 6 | 22 | (125) |
September 30, 2017 Ending Balance | 11,062 | 10,057 | 11,062 | 10,057 |
Reserve for impaired loans | 322 | 375 | 322 | 375 |
Reserve for non-impaired loans | 10,740 | 9,682 | 10,740 | 9,682 |
Reserve for off-balance sheet credit commitments | 175 | 80 | 175 | 80 |
Installment and Other Loans [Member ] | ||||
June 30, 2017 Ending Balance | 17 | 12 | 11 | 9 |
Provision/(credit) for possible credit losses | 7 | (4) | 13 | (1) |
Charge-offs | ||||
Recoveries | ||||
Net (charge-offs)/recoveries | ||||
September 30, 2017 Ending Balance | 24 | 8 | 24 | 8 |
Reserve for impaired loans | ||||
Reserve for non-impaired loans | 24 | 8 | 24 | 8 |
Reserve for off-balance sheet credit commitments | $ 4 | $ 2 | $ 4 | $ 2 |
Note 10 - Borrowed Funds (Detai
Note 10 - Borrowed Funds (Details Textual) $ in Thousands | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
Securities Sold under Agreements to Repurchase | $ 100,000 | $ 350,000 |
Weighted Average Rate Of Securities Sold Under Agreements | 2.86% | 4.06% |
Advances from Federal Home Loan Banks | $ 595,000 | $ 350,000 |
Mature in October 2017 [Member] | ||
Advances from Federal Home Loan Banks | 490,000 | |
Mature in 2018 [Member] | ||
Advances from Federal Home Loan Banks | 55,000 | |
Mature in December 2019 [Member] | ||
Advances from Federal Home Loan Banks | 50,000 | |
Over-night Borrowings [Member] | ||
Advances from Federal Home Loan Banks | $ 450,000 | $ 275,000 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.16% | 0.55% |
Non Overnight Borrowings [Member] | ||
Advances from Federal Home Loan Banks | $ 145,000 | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.35% | |
Securities Sold under Agreements to Repurchase [Member] | ||
Investment Securities Pledged As Collateral | $ 108,000 | $ 372,000 |
Non Callable Fixed Rate Securities [Member] | ||
Number Of Securities Sold Under Agreements To Repurchase | 2 | |
Non Callable Fixed Rate Securities [Member] | Mature in August 2016 [Member] | ||
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | $ 50,000 | |
Long-term Debt, Maturities, Repayments of Principal in Year Two | $ 50,000 |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | ||||
Sep. 30, 2017 | Mar. 31, 2017 | Sep. 30, 2016 | Jun. 30, 2017 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, Percent | 41.40% | 25.50% | 29.00% | 41.40% | 34.00% | ||
Income Tax Expense (Benefit) | $ 35,163 | $ (2,600) | $ 15,808 | $ 71,099 | $ 50,756 | ||
Income Taxes Receivable | $ 19,400 | $ 14,600 | |||||
Domestic Tax Authority [Member] | California Franchise Tax Board [Member] | Earliest Tax Year [Member] | |||||||
Open Tax Year | 2,012 |
Note 12 - Fair Value Measurem60
Note 12 - Fair Value Measurements (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Dec. 31, 2016 | |
Number of Reporting Units | 2 | |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Warrants | $ 97,000 | $ 79,000 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 18,115,000 | 20,070,000 |
Accounts Receivable Collateral [Member] | ||
Collateral Discount Rates | 55.00% | |
Inventory Collateral [Member] | ||
Collateral Discount Rates | 65.00% | |
Net of Estimated Disposal Costs [Member] | ||
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 18,100,000 | $ 20,100,000 |
Minimum [Member] | ||
Expected Life Of Warrants | 1 year | |
Estimated Sales Cost Applied To Collateral | 3.00% | |
Minimum [Member] | Warrants Outstanding [Member] | ||
Fair Value Assumptions, Risk Free Interest Rate | 1.51% | |
Fair Value Assumptions, Expected Volatility Rate | 5.05% | |
Maximum [Member] | ||
Expected Life Of Warrants | 6 years | |
Estimated Sales Cost Applied To Collateral | 6.00% | |
Maximum [Member] | Warrants Outstanding [Member] | ||
Fair Value Assumptions, Risk Free Interest Rate | 2.28% | |
Fair Value Assumptions, Expected Volatility Rate | 12.60% | |
Core Deposits [Member] | Minimum [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 4 years | |
Core Deposits [Member] | Maximum [Member] | ||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 12 - Fair Value Measurem61
Note 12 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale | $ 1,368,487 | $ 1,314,345 |
Assets, fair value disclosure | 1,372,623 | 1,316,664 |
Liabilities, fair value disclosure | 6,366 | 6,997 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 434,453 | 513,376 |
Assets, fair value disclosure | 434,453 | 513,376 |
Liabilities, fair value disclosure | ||
Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 934,034 | 800,969 |
Assets, fair value disclosure | 938,073 | 803,209 |
Liabilities, fair value disclosure | 6,366 | 6,997 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Assets, fair value disclosure | 97 | 79 |
Liabilities, fair value disclosure | ||
US Treasury Securities [Member] | ||
Securities available-for-sale | 399,436 | 489,017 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 399,436 | 489,017 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | ||
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
US Government Corporations and Agencies Securities [Member] | ||
Securities available-for-sale | 9,700 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 9,700 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities available-for-sale | 393,722 | 390,331 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 393,722 | 390,331 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | ||
Securities available-for-sale | 446,065 | 336,260 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 446,065 | 336,260 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale | 1,931 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 1,931 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Collateralized Mortgage Obligations [Member] | ||
Securities available-for-sale | 1,710 | 28 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 1,710 | 28 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Corporate Debt Securities [Member] | ||
Securities available-for-sale | 80,906 | 74,350 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 80,906 | 74,350 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Mutual Funds [Member] | ||
Securities available-for-sale | 6,271 | 6,230 |
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 6,271 | 6,230 |
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | ||
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Preferred Stock of Government Sponsored Entities [Member] | ||
Securities available-for-sale | 8,087 | 7,308 |
Preferred Stock of Government Sponsored Entities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 8,087 | 7,308 |
Preferred Stock of Government Sponsored Entities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | ||
Preferred Stock of Government Sponsored Entities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Other Equity Securities [Member] | ||
Securities available-for-sale | 20,659 | 10,821 |
Other Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 20,659 | 10,821 |
Other Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | ||
Other Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Warrant [Member] | ||
Assets, fair value disclosure | 97 | 79 |
Warrant [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, fair value disclosure | ||
Warrant [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, fair value disclosure | ||
Warrant [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, fair value disclosure | 97 | 79 |
Interest Rate Swap [Member] | ||
Assets, fair value disclosure | 2,314 | 938 |
Liabilities, fair value disclosure | 5,049 | 3,744 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, fair value disclosure | ||
Liabilities, fair value disclosure | ||
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, fair value disclosure | 2,314 | 938 |
Liabilities, fair value disclosure | 5,049 | 3,744 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, fair value disclosure | ||
Liabilities, fair value disclosure | ||
Foreign Exchange Contract [Member] | ||
Assets, fair value disclosure | 1,725 | 1,302 |
Liabilities, fair value disclosure | 1,083 | 3,132 |
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, fair value disclosure | ||
Liabilities, fair value disclosure | ||
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, fair value disclosure | 1,725 | 1,302 |
Liabilities, fair value disclosure | 1,083 | 3,132 |
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, fair value disclosure | ||
Liabilities, fair value disclosure | ||
Option Contracts [Member] | ||
Liabilities, fair value disclosure | 234 | 121 |
Option Contracts [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Liabilities, fair value disclosure | ||
Option Contracts [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Liabilities, fair value disclosure | 234 | 121 |
Option Contracts [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Liabilities, fair value disclosure |
Note 12 - Fair Value Measurem62
Note 12 - Fair Value Measurements - Financial Assets and Liabilities Measured on a Non-recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |||||||
Total at Fair Value | $ 58,974 | $ 58,974 | $ 37,981 | |||||||||
Total Losses | 417 | $ (19) | 1,044 | $ 428 | 1,307 | $ 2,507 | ||||||
Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | 6,317 | 6,317 | 6,006 | |||||||||
Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 52,657 | 52,657 | 31,975 | |||||||||
Impaired Loans [Member] | ||||||||||||
Total at Fair Value | 45,312 | 45,312 | 23,936 | |||||||||
Total Losses | 25 | 322 | 1,550 | |||||||||
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 45,312 | 45,312 | 23,936 | |||||||||
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||||||||||||
Total at Fair Value | 12,525 | 12,525 | 2,813 | |||||||||
Total Losses | 25 | 322 | 806 | |||||||||
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 12,525 | 12,525 | 2,813 | |||||||||
Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||||||||||||
Total at Fair Value | 21,997 | 21,997 | 9,444 | |||||||||
Total Losses | 598 | |||||||||||
Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 21,997 | 21,997 | 9,444 | |||||||||
Impaired Loans [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | ||||||||||||
Total at Fair Value | 10,790 | 10,790 | 11,679 | |||||||||
Total Losses | 146 | |||||||||||
Impaired Loans [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Impaired Loans [Member] | Residential Mortgage and Equity Lines Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 10,790 | 10,790 | 11,679 | |||||||||
Other Real Estate Owned [Member] | ||||||||||||
Total at Fair Value | 10,639 | [1] | 10,639 | [1] | 10,378 | [2] | ||||||
Total Losses | 405 | [1] | (206) | [1] | 654 | [1] | 9 | [1] | 9 | [2] | 404 | [2] |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | [1] | [1] | [2] | |||||||||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | 6,317 | [1] | 6,317 | [1] | 6,006 | [2] | ||||||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | 4,322 | [1] | 4,322 | [1] | 4,372 | [2] | ||||||
Equity Investments [Member] | ||||||||||||
Total at Fair Value | 3,023 | 3,023 | 3,667 | |||||||||
Total Losses | 12 | $ 187 | 365 | $ 419 | 976 | $ 553 | ||||||
Equity Investments [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Equity Investments [Member] | Fair Value, Inputs, Level 2 [Member] | ||||||||||||
Total at Fair Value | ||||||||||||
Equity Investments [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||||||
Total at Fair Value | $ 3,023 | $ 3,023 | $ 3,667 | |||||||||
[1] | Other real estate owned balance of $18.1 million in the condensed consolidated balance sheet is net of estimated disposal costs. | |||||||||||
[2] | Other real estate owned balance of $20.1 million in the condensed consolidated balance sheet is net of estimated disposal costs. |
Note 13 - Fair Value of Finan63
Note 13 - Fair Value of Financial Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Cash and due from banks | $ 167,886 | $ 218,017 |
Securities available-for-sale | 1,368,487 | 1,314,345 |
Loans held for sale | 7,500 | |
Loans, net | 12,403,100 | 11,006,344 |
Investment in Federal Home Loan Bank stock | 21,948 | 17,250 |
Investment in Federal Reserve Bank stock | 8,733 | |
Warrants | 2,314 | 938 |
Foreign exchange contracts with gain | 69,278 | 82,439 |
Foreign exchange contracts with gain, fair value | 1,725 | 1,302 |
Interest rate swaps | 155,671 | 361,526 |
Interest rate swaps, fair value | 2,314 | 938 |
Deposits | 12,573,127 | 11,680,017 |
Securities sold under agreements to repurchase | 100,549 | 351,989 |
Advances from Federal Home Loan Bank | 595,037 | 350,062 |
Other borrowings | 151,643 | 15,944 |
Long-term debt | 68,056 | 63,169 |
Option contracts | 12,307 | 12,117 |
Option contracts, fair value | 234 | 121 |
Foreign exchange contracts with loss | 86,625 | 89,545 |
Foreign exchange contracts with loss, fair value | 1,083 | 3,132 |
Interest rate swaps | 510,841 | 119,136 |
Interest rate swaps, fair value | 5,049 | 3,744 |
Commitments to extend credit | 2,287,498 | 2,062,241 |
Commitments to extend credit, fair value | (6,924) | (6,025) |
Standby letters of credit | 140,682 | 75,396 |
Standby letters of credit, fair value | (1,699) | (668) |
Other letters of credit | 41,868 | 37,283 |
Other letters of credit, fair value | (218) | (16) |
Bill of lading guarantees | 24 | 75 |
Bill of lading guarantees, fair value | ||
Warrants [Member] | ||
Warrants | 97 | |
Reported Value Measurement [Member] | ||
Cash and due from banks | 167,886 | 218,017 |
Short-term investments | 573,059 | 967,067 |
Securities available-for-sale | 1,368,487 | 1,314,345 |
Loans held for sale | 7,500 | |
Loans, net | 12,472,475 | 11,077,315 |
Investment in Federal Home Loan Bank stock | 21,948 | 17,250 |
Investment in Federal Reserve Bank stock | 8,733 | |
Deposits | 12,561,695 | 11,674,726 |
Securities sold under agreements to repurchase | 100,000 | 350,000 |
Advances from Federal Home Loan Bank | 595,000 | 350,000 |
Other borrowings | 153,574 | 17,662 |
Long-term debt | 119,136 | 119,136 |
Reported Value Measurement [Member] | Warrants [Member] | ||
Warrants | 97 | 79 |
Estimate of Fair Value Measurement [Member] | ||
Cash and due from banks | 167,886 | 218,017 |
Short-term investments | 573,059 | 967,067 |
Securities available-for-sale | 1,368,487 | 1,314,345 |
Loans held for sale | 7,500 | |
Loans, net | 12,403,100 | 11,006,344 |
Investment in Federal Home Loan Bank stock | 21,948 | 17,250 |
Investment in Federal Reserve Bank stock | 8,733 | |
Deposits | 12,573,127 | 11,680,017 |
Securities sold under agreements to repurchase | 100,549 | 351,989 |
Advances from Federal Home Loan Bank | 595,037 | 350,062 |
Other borrowings | 151,643 | 15,944 |
Long-term debt | 68,056 | 63,169 |
Estimate of Fair Value Measurement [Member] | Warrants [Member] | ||
Warrants | $ 97 | $ 79 |
Note 13 - Fair Value of Finan64
Note 13 - Fair Value of Financial Instruments - Fair Value Hierarchy of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Cash and due from banks | $ 167,886 | $ 218,017 |
Short-term investments | 573,059 | 967,067 |
Available-for-sale Securities | 1,368,487 | 1,314,345 |
Loans held-for-sale | 7,500 | |
Loans, net | 12,403,100 | 11,006,344 |
Investment in Federal Home Loan Bank stock | 21,948 | 17,250 |
Investment in Federal Reserve Bank stock | 8,733 | |
Warrants | 2,314 | 938 |
Deposits | 12,573,127 | 11,680,017 |
Securities sold under agreements to repurchase | 100,549 | 351,989 |
Advances from Federal Home Loan Bank | 595,037 | 350,062 |
Other borrowings | 151,643 | 15,944 |
Long-term debt | 68,056 | 63,169 |
Warrants [Member] | ||
Warrants | 97 | |
Warrants | 79 | |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 167,886 | 218,017 |
Short-term investments | 573,059 | 967,067 |
Available-for-sale Securities | 434,453 | 513,376 |
Loans held-for-sale | ||
Loans, net | ||
Investment in Federal Home Loan Bank stock | ||
Investment in Federal Reserve Bank stock | ||
Deposits | ||
Securities sold under agreements to repurchase | ||
Advances from Federal Home Loan Bank | ||
Other borrowings | ||
Long-term debt | ||
Fair Value, Inputs, Level 1 [Member] | Warrants [Member] | ||
Warrants | ||
Warrants | ||
Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Short-term investments | ||
Available-for-sale Securities | 934,034 | 800,969 |
Loans held-for-sale | ||
Loans, net | ||
Investment in Federal Home Loan Bank stock | 21,948 | 17,250 |
Investment in Federal Reserve Bank stock | 8,733 | |
Deposits | ||
Securities sold under agreements to repurchase | 100,549 | 351,989 |
Advances from Federal Home Loan Bank | 595,037 | 350,062 |
Other borrowings | ||
Long-term debt | 68,056 | 63,169 |
Fair Value, Inputs, Level 2 [Member] | Warrants [Member] | ||
Warrants | ||
Warrants | ||
Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Short-term investments | ||
Available-for-sale Securities | ||
Loans held-for-sale | 7,500 | |
Loans, net | 12,403,100 | 11,006,344 |
Investment in Federal Home Loan Bank stock | ||
Investment in Federal Reserve Bank stock | ||
Deposits | 12,573,127 | 11,680,017 |
Securities sold under agreements to repurchase | ||
Advances from Federal Home Loan Bank | ||
Other borrowings | 151,643 | 15,944 |
Long-term debt | ||
Fair Value, Inputs, Level 3 [Member] | Warrants [Member] | ||
Warrants | $ 97 | |
Warrants | $ 79 |
Note 14 - Goodwill and Goodwi65
Note 14 - Goodwill and Goodwill Impairment (Details Textual) | 9 Months Ended |
Sep. 30, 2017 | |
Number of Reporting Units | 2 |
Note 15 - Financial Derivativ66
Note 15 - Financial Derivatives (Details Textual) - USD ($) | May 31, 2014 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 |
Junior Subordinated Notes | $ 119,100,000 | |||||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | $ 157,000 | $ 804,000 | $ (94,000) | $ (3,598,000) | ||
Cash [Member] | ||||||
Collateral Already Posted, Aggregate Fair Value | 6,300,000 | 6,300,000 | ||||
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | ||||||
Derivative Outstanding, Notional Amount | $ 119,100,000 | 119,100,000 | 119,100,000 | |||
Derivative Original Maturity | 10 years | |||||
Derivative, Average Fixed Interest Rate | 2.61% | |||||
Derivative, Average Variable Interest Rate | 1.32% | |||||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | (2,300,000) | |||||
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member] | ||||||
Net Accrued on Interest Rate Swaps | 407,000 | 588,000 | 1,300,000 | 1,800,000 | ||
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||||||
Derivative Outstanding, Notional Amount | $ 510,600,000 | $ 510,600,000 | ||||
Derivative, Average Fixed Interest Rate | 4.55% | 4.55% | ||||
Derivative, Average Variable Interest Rate | 4.16% | 4.16% | ||||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | $ 1,900,000 | |||||
Net Accrued on Interest Rate Swaps | $ 514,000 | $ 879,000 | $ 1,900,000 | $ 2,800,000 | ||
Derivative, Average Basis Spread on Variable Rate | 2.93% | 2.93% | ||||
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Minimum [Member] | ||||||
Derivative Original Maturity | 4 years | |||||
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Maximum [Member] | ||||||
Derivative Original Maturity | 8 years | |||||
Negative Fair Value [Member] | ||||||
Notional Amount Of Option Contract | $ 12,300,000 | $ 12,300,000 | $ 12,100,000 | |||
Open Option Contracts Fair Value | 234,000 | 234,000 | 121,000 | |||
Sum Of Spot And Forward Contract Notional Amount | 86,600,000 | 86,600,000 | 89,500,000 | |||
Negative Fair Value | 1,100,000 | 1,100,000 | 3,100,000 | |||
Positive Fair Value [Member] | ||||||
Sum Of Spot And Forward Contract Notional Amount | 69,300,000 | 69,300,000 | 82,400,000 | |||
Positive Fair Value | $ 1,700,000 | $ 1,700,000 | $ 1,300,000 |
Note 16 - Balance Sheet Offse67
Note 16 - Balance Sheet Offsetting - Financial Instruments that are Eligible for Offset in the Consolidated Balance Sheet (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Derivative assets, gross | $ 2,314 | $ 938 |
Derivative assets, net | 2,314 | 938 |
Derivative assets not offset | 2,314 | 938 |
Securities sold under agreements to repurchase | 100,000 | 350,000 |
Securities sold under agreements to repurchase, net | 100,000 | 350,000 |
Securities sold under agreements to repurchase, collateral posted | (100,000) | (350,000) |
Derivative liabilities, gross | 5,049 | 3,744 |
Derivative liabilities, net | 5,049 | 3,744 |
Derivatives, collateral posted | $ (5,049) | $ (3,744) |
Note 17 - Stockholders' Equit68
Note 17 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Jul. 14, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Stockholders' Equity Attributable to Parent | $ 1,968,699 | $ 1,828,539 | |
Stockholders' Equity, Period Increase (Decrease) | 140,200 | $ 150,100 | |
Dividends, Common Stock, Cash | 50,500 | ||
Adjustments Related to Tax Withholding for Share-based Compensation | $ 5,100 | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 932,461 | 943,345 | |
U.S. Treasury [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 1,846,374 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 20.96 | $ 20.65 | |
Class of Warrant or Right, Increase in Warrants Exercisable, Percentage | 1.50% | ||
SinoPac Bancorp [Member] | |||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 34,862 |
Note 17 - Stockholders' Equit69
Note 17 - Stockholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Beginning balance, loss, net of tax | $ 1,828,539 | |||
Ending balance, loss, net of tax | $ 1,968,699 | 1,968,699 | ||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Beginning balance, loss, net of tax | 1,001 | $ 8,539 | (1,545) | $ (5,431) |
Net unrealized (losses)/gains arising during the period, net of tax | 1,060 | 938 | 3,338 | 15,748 |
Reclassification adjustment for net losses/(gains) included in net income, net of tax | (14) | (981) | 254 | (1,821) |
Total other comprehensive (loss)/income, net of tax | 1,046 | (43) | 3,592 | 13,927 |
Ending balance, loss, net of tax | 2,047 | 8,496 | 2,047 | 8,496 |
Net unrealized (losses)/gains arising during the period, pre-tax | 1,829 | 1,618 | 5,759 | 27,170 |
Reclassification adjustment for net losses/(gains) included in net income, pre-tax | (24) | (1,692) | 439 | (3,141) |
Total other comprehensive (loss)/income, pre-tax | 1,805 | (74) | 6,198 | 24,029 |
Net unrealized (losses)/gains arising during the period, tax | 769 | 680 | 2,421 | 11,422 |
Reclassification adjustment for net losses/(gains) included in net income, tax | (10) | (711) | 185 | (1,320) |
Total other comprehensive (loss)/income, tax | 759 | (31) | 2,606 | 10,102 |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Beginning balance, loss, net of tax | (2,421) | (7,397) | (2,170) | (2,995) |
Net unrealized (losses)/gains arising during the period, net of tax | 157 | 804 | (94) | (3,598) |
Reclassification adjustment for net losses/(gains) included in net income, net of tax | ||||
Total other comprehensive (loss)/income, net of tax | 157 | 804 | (94) | (3,598) |
Ending balance, loss, net of tax | (2,264) | (6,593) | (2,264) | (6,593) |
Net unrealized (losses)/gains arising during the period, pre-tax | 271 | 1,387 | (162) | (6,208) |
Reclassification adjustment for net losses/(gains) included in net income, pre-tax | ||||
Total other comprehensive (loss)/income, pre-tax | 271 | 1,387 | (162) | (6,208) |
Net unrealized (losses)/gains arising during the period, tax | 114 | 583 | (68) | (2,610) |
Reclassification adjustment for net losses/(gains) included in net income, tax | ||||
Total other comprehensive (loss)/income, tax | 114 | 583 | (68) | (2,610) |
AOCI Attributable to Parent [Member] | ||||
Beginning balance, loss, net of tax | (1,420) | 1,142 | (3,715) | (8,426) |
Net unrealized (losses)/gains arising during the period, net of tax | 1,217 | 1,742 | 3,244 | 12,150 |
Reclassification adjustment for net losses/(gains) included in net income, net of tax | (14) | (981) | 254 | (1,821) |
Total other comprehensive (loss)/income, net of tax | 1,203 | 761 | 3,498 | 10,329 |
Ending balance, loss, net of tax | (217) | 1,903 | (217) | 1,903 |
Net unrealized (losses)/gains arising during the period, pre-tax | 2,100 | 3,005 | 5,597 | 20,962 |
Reclassification adjustment for net losses/(gains) included in net income, pre-tax | (24) | (1,692) | 439 | (3,141) |
Total other comprehensive (loss)/income, pre-tax | 2,076 | 1,313 | 6,036 | 17,821 |
Net unrealized (losses)/gains arising during the period, tax | 883 | 1,263 | 2,353 | 8,812 |
Reclassification adjustment for net losses/(gains) included in net income, tax | (10) | (711) | 185 | (1,320) |
Total other comprehensive (loss)/income, tax | $ 873 | $ 552 | $ 2,538 | $ 7,492 |
Note 18 - Stock Repurchase Pr70
Note 18 - Stock Repurchase Program (Details Textual) - February 2016 Repurchase Program [Member] - USD ($) $ / shares in Thousands, $ in Millions | Feb. 01, 2016 | Sep. 30, 2017 | Dec. 31, 2016 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 45,000,000 | ||
Treasury Stock, Shares, Acquired | 1,380,578 | ||
Treasury Stock, Value, Acquired, Cost Method | $ 37.5 | ||
Treasury Stock Acquired, Average Cost Per Share | $ 27,130 | ||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 7,500,000 | 7,500,000 |
Note 19 - Subsequent Events (De
Note 19 - Subsequent Events (Details Textual) | Sep. 30, 2017 |
California [Member] | |
Number Of Branch Locations | 43 |
NEW YORK | |
Number Of Branch Locations | 12 |
Illinois [Member] | |
Number Of Branch Locations | 3 |
WASHINGTON Member | |
Number Of Branch Locations | 3 |
Texas [Member] | |
Number Of Branch Locations | 2 |
Maryland [Member] | |
Number Of Branch Locations | 1 |
Massachusetts [Member] | |
Number Of Branch Locations | 1 |
Nevada [Member] | |
Number Of Branch Locations | 1 |
New Jersey [Member] | |
Number Of Branch Locations | 1 |
HONG KONG | |
Number Of Branch Locations | 1 |