XML 61 R47.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Note 19 - Condensed Financial Information of Cathay General Bancorp (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of December 31, |
|  | 2016 |  |  | 2015 |
|  | (In thousands, except |
|  | share and per share data) |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 34,596 |  |  | $ | 5,048 |
Cash pledged as margin for interest rate swaps |  |  | 6,895 |  |  |  | 7,936 |
Short-term certificates of deposit |  |  | 325 |  |  |  | 24,324 |
Securities available for sale |  |  | 18,129 |  |  |  | 11,911 |
Investment in bank subsidiaries |  |  | 1,879,868 |  |  |  | 1,807,825 |
Investment in non-bank subsidiaries |  |  | 5,448 |  |  |  | 5,979 |
Other assets |  |  | 6,674 |  |  |  | 9,551 |
Total assets |  | $ | 1,951,935 |  |  | $ | 1,872,574 |
Liabilities |  |  |  |  |  |  |  |
Junior subordinated debt |  | $ | 119,136 |  |  | $ | 119,136 |
Other liabilities |  |  | 4,260 |  |  |  | 5,660 |
Total liabilities |  |  | 123,396 |  |  |  | 124,796 |
Commitments and contingencies |  |  | - |  |  |  | - |
Stockholders' equity |  |  |  |  |  |  |  |
Common stock, $0.01 par value, 100,000,000 shares authorized, 87,820,920 issued and 79,610,277 outstanding at December 31, 2016, and 87,002,931 issued and 80,806,116 outstanding at December 31, 2015 |  |  | 878 |  |  |  | 870 |
Additional paid-in-capital |  |  | 895,480 |  |  |  | 880,822 |
Accumulated other comprehensive loss, net |  |  | (3,715 | ) |  |  | (8,426 | )
Retained earnings |  |  | 1,175,485 |  |  |  | 1,059,660 |
Treasury stock, at cost (8,210,643 shares at December 31, 2016, and 6,196,815 shares at December 31, 2015) |  |  | (239,589 | ) |  |  | (185,148 | )
Total stockholders' equity |  |  | 1,828,539 |  |  |  | 1,747,778 |
Total liabilities and stockholders' equity |  | $ | 1,951,935 |  |  | $ | 1,872,574 |
Condensed Income Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (In thousands) |
Cash dividends from Cathay Bank |  | $ | 113,448 |  |  | $ | 163,301 |  |  | $ | 30,000 |
Cash dividends from GBC Venture Capital |  |  | 950 |  |  |  | - |  |  |  | - |
Interest income |  |  | 48 |  |  |  | 68 |  |  |  | 88 |
Interest expense |  |  | 5,791 |  |  |  | 5,776 |  |  |  | 4,469 |
Non-interest (loss)/income |  |  | (488 | ) |  |  | (1,858 | ) |  |  | 10,144 |
Non-interest expense |  |  | 3,756 |  |  |  | 4,644 |  |  |  | 2,248 |
Income before income tax benefit |  |  | 104,411 |  |  |  | 151,091 |  |  |  | 33,515 |
Income tax (benefit)/expense |  |  | (4,199 | ) |  |  | (5,134 | ) |  |  | 1,478 |
Income before undistributed earnings of subsidiaries |  |  | 108,610 |  |  |  | 156,225 |  |  |  | 32,037 |
Undistributed earnings of subsidiary |  |  | 66,489 |  |  |  | 4,884 |  |  |  | 105,793 |
Net income |  | $ | 175,099 |  |  | $ | 161,109 |  |  | $ | 137,830 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (In thousands) |
Cash flows from Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 175,099 |  |  | $ | 161,109 |  |  | $ | 137,830 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (67,770 | ) |  |  | (4,884 | ) |  |  | (105,793 | )
Dividends in excess of earnings of non-bank subsidiaries |  |  | 1,281 |  |  |  | - |  |  |  | - |
Gains on sale of securities |  |  | - |  |  |  | - |  |  |  | (10,689 | )
Income associated with debt redemption |  |  | - |  |  |  | - |  |  |  | (555 | )
Write-downs on venture capital and other investments |  |  | 503 |  |  |  | 468 |  |  |  | 432 |
Write-downs on impaired securities |  |  | 206 |  |  |  | - |  |  |  | 264 |
Loss in fair value of warrants |  |  | (17 | ) |  |  | - |  |  |  | 3 |
Stock issued to directors as compensation |  |  | 550 |  |  |  | 495 |  |  |  | 350 |
Excess tax short-fall from stock options |  |  | - |  |  |  | 5,348 |  |  |  | 1,285 |
Net change in other assets |  |  | (1,136 | ) |  |  | 619 |  |  |  | (3,445 | )
Net change in other liabilities |  |  | (756 | ) |  |  | (5,438 | ) |  |  | (1,294 | )
Net cash provided by operating activities |  |  | 107,960 |  |  |  | 157,717 |  |  |  | 18,388 |
Cash flows from Investment Activities |  |  |  |  |  |  |  |  |  |  |  |
(Increase)/decrease in short-term investment |  |  | 23,999 |  |  |  | (1,121 | ) |  |  | 14,797 |
Proceeds from sale of available-for-sale securities |  |  | 294 |  |  |  | - |  |  |  | 12,083 |
Purchase of available-for-sale securities |  |  | - |  |  |  | (410 | ) |  |  | (7,920 | )
Venture capital and other investments |  |  | 134 |  |  |  | - |  |  |  | (590 | )
Acquisition, net of cash acquired |  |  | - |  |  |  | (57,006 | ) |  |  | - |
Net cash (used in)/provided by investment activities |  |  | 24,427 |  |  |  | (58,537 | ) |  |  | 18,370 |
Cash flows from Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Repayment of long-term debt |  |  | - |  |  |  | - |  |  |  | (1,445 | )
Cash dividends |  |  | (59,274 | ) |  |  | (45,283 | ) |  |  | (23,104 | )
Proceeds from shares issued under the Dividend Reinvestment Plan |  |  | 2,277 |  |  |  | 4,175 |  |  |  | 2,848 |
Proceeds from exercise of stock options |  |  | 7,661 |  |  |  | 5,014 |  |  |  | 128 |
Taxes paid related to net share settlement of RSUs |  |  | (103 | ) |  |  | (227 | ) |  |  | (850 | )
Excess tax short-fall from share-based payment arrangements |  |  | - |  |  |  | (5,348 | ) |  |  | (1,285 | )
Purchase of treasury stock |  |  | (54,441 | ) |  |  | (59,412 | ) |  |  | - |
Net cash used in financing activities |  |  | (103,880 | ) |  |  | (101,081 | ) |  |  | (23,708 | )
Increase/(Decrease) in cash and cash equivalents |  |  | 28,507 |  |  |  | (1,901 | ) |  |  | 13,050 |
Cash and cash equivalents, beginning of the year |  |  | 12,984 |  |  |  | 14,885 |  |  |  | 1,835 |
Cash and cash equivalents, end of the year |  | $ | 41,491 |  |  | $ | 12,984 |  |  | $ | 14,885 |

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration