XML 73 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities    
Net income $ 35,980,000us-gaap_ProfitLoss $ 31,259,000us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:    
Credit for loan losses (5,000,000)us-gaap_ProvisionForLoanAndLeaseLosses  
Provision for losses on other real estate owned 181,000caty_ProvisionReversalForLossesOnOtherRealEstateOwned 617,000caty_ProvisionReversalForLossesOnOtherRealEstateOwned
Deferred tax liability 6,840,000us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 6,012,000us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Depreciation 1,732,000us-gaap_Depreciation 1,742,000us-gaap_Depreciation
Net losses/(gains) on sale and transfer of other real estate owned 154,000us-gaap_GainsLossesOnSalesOfOtherRealEstate (559,000)us-gaap_GainsLossesOnSalesOfOtherRealEstate
Net gains on sale of loans (596,000)us-gaap_GainLossOnSalesOfLoansNet (128,000)us-gaap_GainLossOnSalesOfLoansNet
Proceeds from sales of loans 10,360,000us-gaap_ProceedsFromSaleOfLoansReceivable 4,525,000us-gaap_ProceedsFromSaleOfLoansReceivable
Originations of loans held-for-sale (8,791,000)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (4,397,000)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
Net change in trading securities   4,936,000us-gaap_IncreaseDecreaseInTradingSecurities
Write-downs on venture capital investments 224,000caty_WriteDownsOnVentureCapitalInvestments 75,000caty_WriteDownsOnVentureCapitalInvestments
Net losses/(gains) on sales and calls of securities 21,000us-gaap_MarketableSecuritiesGainLoss (5,960,000)us-gaap_MarketableSecuritiesGainLoss
Amortization/accretion of security premiums/discounts, net 502,000us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 867,000us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Amortization of other intangible assets 197,000caty_AmortizationOfIntangiblesOperating 196,000caty_AmortizationOfIntangiblesOperating
Excess tax short-fall from share-based payment arrangements 4,395,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities 1,227,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Stock based compensation and stock issued to officers as compensation 1,570,000us-gaap_ShareBasedCompensation 1,353,000us-gaap_ShareBasedCompensation
Net change in accrued interest receivable and other assets 6,631,000us-gaap_IncreaseDecreaseInOtherOperatingAssets 3,285,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
Net change in other liabilities 1,379,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 1,374,000us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 55,779,000us-gaap_NetCashProvidedByUsedInOperatingActivities 46,424,000us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities    
Increase in short-term investments (129,112,000)us-gaap_PaymentsForProceedsFromShortTermInvestments (103,368,000)us-gaap_PaymentsForProceedsFromShortTermInvestments
Purchase of investment securities available-for-sale (703,305,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (246,498,000)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sale of investment securities available-for-sale 741,992,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 139,671,000us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from repayments, maturities and calls of investment securities available-for-sale 12,102,000caty_ProceedsFromRepaymentAndSaleOfMortgageBackedSecuritiesAvailableForSale 133,369,000caty_ProceedsFromRepaymentAndSaleOfMortgageBackedSecuritiesAvailableForSale
Purchase of Federal Home Loan Bank stock   (4,901,000)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Redemptions of Federal Home Loan Bank stock 5,785,000us-gaap_ProceedsFromSaleOfFederalHomeLoanBankStock  
Net increase in loans (305,651,000)us-gaap_PaymentsForProceedsFromLoansAndLeases (220,402,000)us-gaap_PaymentsForProceedsFromLoansAndLeases
Purchase of premises and equipment (562,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (2,081,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sales of other real estate owned 1,043,000us-gaap_ProceedsFromSaleOfOtherRealEstate 6,379,000us-gaap_ProceedsFromSaleOfOtherRealEstate
Net increase in investment in affordable housing (1,351,000)caty_NetIncreaseInInvestmentInAffordableHousingInvesting (1,894,000)caty_NetIncreaseInInvestmentInAffordableHousingInvesting
Net cash used in investing activities (379,059,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (299,725,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities    
Net increase in deposits 329,724,000us-gaap_IncreaseDecreaseInDeposits 251,032,000us-gaap_IncreaseDecreaseInDeposits
Net decrease in federal funds purchased and securities sold under agreements to repurchase (50,000,000)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet (100,000,000)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
Advances from Federal Home Loan Bank 2,242,000,000us-gaap_ProceedsFromFederalHomeLoanBankBorrowings 5,127,400,000us-gaap_ProceedsFromFederalHomeLoanBankBorrowings
Repayment of Federal Home Loan Bank borrowings (2,182,000,000)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings (5,012,400,000)us-gaap_RepaymentsOfFederalHomeLoanBankBorrowings
Cash dividends paid (7,983,000)us-gaap_PaymentsOfDividends (3,980,000)us-gaap_PaymentsOfDividends
Proceeds from shares issued under Dividend Reinvestment Plan 1,289,000us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan 386,000us-gaap_ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
Proceeds from exercise of stock options 88,000us-gaap_ProceedsFromStockOptionsExercised  
Taxes paid related to net share settlement of RSUs (114,000)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation  
Excess tax short-fall from share-based payment arrangements (4,395,000)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (1,227,000)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Net cash provided by financing activities 328,609,000us-gaap_NetCashProvidedByUsedInFinancingActivities 261,211,000us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase in cash and cash equivalents 5,329,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 7,910,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of the period 176,830,000us-gaap_CashAndCashEquivalentsAtCarryingValue 153,747,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of the period 182,159,000us-gaap_CashAndCashEquivalentsAtCarryingValue 161,657,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period:    
Interest 17,370,000us-gaap_InterestPaid 19,533,000us-gaap_InterestPaid
Income taxes paid 11,884,000us-gaap_IncomeTaxesPaid 12,444,000us-gaap_IncomeTaxesPaid
Non-cash investing and financing activities:    
Net change in unrealized holding gain on securities available-for-sale, net of tax 6,511,000caty_NetChangeInUnrealizedHoldingLossGainOnSecuritiesAvailableForSaleNetOfTax 7,639,000caty_NetChangeInUnrealizedHoldingLossGainOnSecuritiesAvailableForSaleNetOfTax
Net change in unrealized holding loss on interest rate swaps (1,588,000)us-gaap_ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1  
Transfers to other real estate owned from loans held for investment $ 701,000caty_TransfersToOtherRealEstateOwnedFromLoansHeldForInvestment