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Condensed Financial Statements of Parent Company
 12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements of Parent Company CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
The following tables present the condensed financial statements for Customers Bancorp, Inc. (parent company only) as of December 31, 2020 and 2019, and for the years ended December 31, 2020, 2019 and 2018.
Balance Sheets
December 31,
(amounts in thousands)20202019
Assets
Cash in bank subsidiary$110,626 $62,643 
Investments in and receivables due from bank subsidiary1,198,857 1,178,166 
Investments in and receivables due from non-bank subsidiaries3,853 2,406 
Other assets970 6,583 
Total assets$1,314,306 $1,249,798 
Liabilities and Shareholders' equity
Borrowings$196,259 $195,670 
Other liabilities961 1,333 
Total liabilities197,220 197,003 
Shareholders' equity1,117,086 1,052,795 
Total Liabilities and Shareholders' Equity$1,314,306 $1,249,798 
Income and Comprehensive Income Statements
For the Years Ended December 31,
(amounts in thousands)202020192018
Operating income:
Other, including dividends from bank subsidiary$65,000 $70,000 $45,422 
Total operating income65,000 70,000 45,422 
Operating expense:
Interest9,681 5,425 8,178 
Other1,498 744 1,722 
Total operating expense11,179 6,169 9,900 
Income before taxes and undistributed income of subsidiaries53,821 63,831 35,522 
Income tax benefit2,703 1,391 2,335 
Income before undistributed income of subsidiaries56,524 65,222 37,857 
Equity in undistributed income of subsidiaries76,054 14,105 33,838 
Net income132,578 79,327 71,695 
Preferred stock dividends14,041 14,459 14,459 
Net income available to common shareholders118,537 64,868 57,236 
Comprehensive income$128,064 $100,740 $50,730 
One of the principal sources of the Bancorp's liquidity is the dividends it receives from the Bank, which may be impacted by the following: bank-level capital needs, laws and regulations, corporate policies, contractual restrictions and other factors. There are statutory and regulatory limitations on the ability of the Bank to pay dividends or make other capital distributions or to extend credit to the Bancorp or its non-bank subsidiaries.
Statements of Cash Flows
For the Years Ended December 31,
(amounts in thousands)202020192018
Cash Flows from Operating Activities
Net income$132,578 $79,327 $71,695 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank(76,054)(14,105)(33,838)
(Increase) decrease in other assets5,613 (3,166)(256)
Increase (decrease) in other liabilities1,088 1,775 (251)
Net Cash Provided By (Used in) Operating Activities63,225 63,831 37,350 
Cash Flows from Investing Activities
Payments for investments in and advances to subsidiaries(26)(74,767)(29)
Net Cash Provided By (Used in) Investing Activities(26)(74,767)(29)
Cash Flows from Financing Activities
Proceeds from issuance of common stock923 2,150 3,585 
Proceeds from issuance of subordinated long-term debt— 72,030 — 
Proceed from issuance of other long-term borrowings— 24,477 — 
Repayments of other borrowings— (25,000)(63,250)
Exercise and redemption of warrants— — 112 
Purchase of treasury stock— (571)(12,976)
Payments of employee taxes withheld from share-based awards(2,063)(1,732)(880)
Preferred stock dividends paid(14,076)(14,459)(14,459)
Net Cash Provided by (Used in) Financing Activities(15,216)56,895 (87,868)
Net Increase (Decrease) in Cash and Cash Equivalents47,983 45,959 (50,547)
Cash and Cash Equivalents - Beginning Balance62,643 16,684 67,231 
Cash and Cash Equivalents - Ending Balance$110,626 $62,643 $16,684