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Significant Accounting Policies and Basis of Presentation Tables (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments

In November 2018, Customers determined that the cash flow activities associated with its commercial mortgage warehouse lending activities should have been reported as investing activities in its consolidated statements of cash flows because the related loan balances should have been classified as held for investment (i.e., loans receivable). Customers changed its accounting policies such that commercial mortgage warehouse loans will be classified as held for investment and presented as "Loans receivable, mortgage warehouse, at fair value" on its consolidated balance sheets. The cash flow activities associated with these commercial mortgage warehouse lending activities will be reported as investing activities in the consolidated statements of cash flows. Accordingly, Customers has restated the consolidated balance sheets and statements of cash flows as of December 31, 2017 and 2016 and for the three year period ending December 31, 2017 herein.

The following tables set forth the effects of the correction on the consolidated balance sheet as of December 31, 2017 and 2016, and the consolidated statements of cash flows for the years ended December 2017, 2016, and 2015.

 
December 31,
 
2017
 
2016
Consolidated Balance Sheet
As Previously Reported
 
Adjustments
 
As Restated
 
As Previously Reported
 
Adjustments
 
As Restated
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
Loans held for sale
$
1,939,485

 
$
(1,793,408
)
 
$
146,077

 
$
2,117,510

 
$
(2,116,815
)
 
$
695

Loans receivable, mortgage warehouse, at fair value
—

 
1,793,408

 
1,793,408

 
—

 
2,116,815

 
2,116,815

Total loans receivable, net of allowance for loan losses
6,730,243

 
1,793,408

 
8,523,651

 
6,117,322

 
2,116,815

 
8,234,137



 
For the Years Ended December 31,
 
2017
 
2016
 
2015
Consolidated Statements of Cash Flows
As Previously Reported
 
Adjustments
 
As Restated
 
As Previously Reported
 
Adjustments
 
As Restated
 
As Previously Reported
 
Adjustments
 
As Restated
(amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Origination of loans held for sale
$
(30,125,427
)
 
$
30,084,255

 
$
(41,172
)
 
$
(36,130,924
)
 
$
36,091,174

 
$
(39,750
)
 
$
(29,925,763
)
 
$
29,886,506

 
$
(39,257
)
Proceeds from the sale of loans held for sale
30,448,318

 
(30,407,662
)
 
40,656

 
35,772,081

 
(35,729,309
)
 
42,772

 
29,504,104

 
(29,463,289
)
 
40,815

Net Cash Provided by (Used in) Operating Activities
385,600

 
(323,407
)
 
62,193

 
(270,462
)
 
361,865

 
91,403

 
(356,648
)
 
423,217

 
66,569

Origination of mortgage warehouse loans
—

 
(30,084,255
)
 
(30,084,255
)
 
—

 
(36,091,174
)
 
(36,091,174
)
 
—

 
(29,886,506
)
 
(29,886,506
)
Proceeds from repayments of mortgage warehouse loans
—

 
30,407,662

 
30,407,662

 
—

 
35,729,309

 
35,729,309

 
—

 
29,463,289

 
29,463,289

Net Cash Used in Investing Activities
(888,532
)
 
323,407

 
(565,125
)
 
(599,669
)
 
(361,865
)
 
(961,534
)
 
(1,258,226
)
 
(423,217
)
 
(1,681,443
)

In addition to the restatement of Customers' consolidated balance sheets and statements of cash flows summarized above, the following notes to the consolidated financial statements have been restated to reflect the corrected classification of Customers' commercial mortgage warehouse lending activities:

•
NOTE 8 - LOANS HELD FOR SALE;
•
NOTE 9 - LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES; and
•
NOTE 20 - DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS.