XML 134 R119.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Financial Statements of Parent Company - Summary of Condensed Statements of Cash Flows of Parent Company (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 78,837 $ 78,702 $ 58,583
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on sale of investment securities (8,800) (25) 85
(Increase) decrease in other assets (32,256) (11,538) (12,024)
Increase (decrease) in other liabilities (16,687) 5,819 8,706
Cash Flows from Investing Activities:      
Proceeds from sales of investment securities available for sale 769,203 2,852 806
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock 2,716 70,985 806
Net proceeds from issuance of preferred stock 0 161,902 55,569
Proceeds from issuance of long-term debt 98,564 0 0
Exercise and redemption of warrants 1,059 1,532 98
Preferred stock dividends paid (14,459) (9,051) (2,314)
Net Increase (Decrease) in Cash and Cash Equivalents (118,386) 116 (106,430)
Cash and Cash Equivalents – Beginning 264,709 264,593 371,023
Cash and Cash Equivalents – Ending 146,323 264,709 264,593
Customers Bancorp      
Cash Flows from Operating Activities:      
Net income 78,837 78,702 58,583
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank (46,743) (59,765) (46,980)
Loss (gain) on sale of investment securities 0 1 0
(Increase) decrease in other assets 7,624 (7,721) 2,488
Increase (decrease) in other liabilities (1,322) 54 (112)
Net Cash Provided by Operating Activities 38,396 11,271 13,979
Cash Flows from Investing Activities:      
Proceeds from sales of investment securities available for sale 0 4 0
Payments for investments in and advances to subsidiaries (98,725) (230,872) (30,036)
Net Cash Used in Investing Activities (98,725) (230,868) (30,036)
Cash Flows from Financing Activities:      
Proceeds from issuance of common stock 2,716 70,985 904
Net proceeds from issuance of preferred stock 0 161,902 55,569
Proceeds from issuance of long-term debt 98,564 0 0
Exercise and redemption of warrants 1,059 1,532 0
Payments of employee taxes withheld from share-based awards (14,761) (5,897) 0
Preferred stock dividends paid (14,459) (9,051) (2,314)
Net Cash Provided by Financing Activities 73,119 219,471 54,159
Net Increase (Decrease) in Cash and Cash Equivalents 12,790 (126) 38,102
Cash and Cash Equivalents – Beginning 54,441 54,567 16,465
Cash and Cash Equivalents – Ending $ 67,231 $ 54,441 $ 54,567