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Note 19 - Condensed Financial Information of Cathay General Bancorp (Tables)
12 Months Ended
Dec. 31, 2017
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   
As of December 31,
 
   
2017
   
2016
 
   
(In thousands, except
 
   
share and per share data)
 
Assets
 
 
 
 
 
 
 
 
Cash
  $
44,645
    $
34,596
 
Cash pledged as margin for interest rate swaps
   
4,506
     
6,895
 
Short-term certificates of deposit
   
327
     
325
 
Securities available for sale
   
19,806
     
18,129
 
Investment in Cathay Bank subsidiary
   
2,134,445
     
1,879,868
 
Investment in non-bank subsidiaries
   
4,799
     
5,448
 
Other assets
   
6,831
     
6,674
 
Total assets
  $
2,215,359
    $
1,951,935
 
Liabilities
 
 
 
 
 
 
 
 
Junior subordinated debt
  $
119,136
    $
119,136
 
Long-term Debt
   
75,000
     
-
 
Deferred payments from acquisition
   
35,404
     
-
 
Other liabilities
   
12,515
     
4,260
 
Total liabilities
   
242,055
     
123,396
 
Commitments and contingencies
   
-
     
-
 
Stockholders' equity
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 100,000,000 shares authorized, 89,104,022 issued and 80,893,379 outstanding at December 31, 2017, and 87,820,920 issued and 79,610,277 outstanding at December 31, 2016
   
891
     
878
 
Additional paid-in-capital
   
932,874
     
895,480
 
Accumulated other comprehensive loss, net
   
(2,511
)    
(3,715
)
Retained earnings
   
1,281,639
     
1,175,485
 
Treasury stock, at cost (8,210,643 shares at December 31, 2017, and at December 31, 2016)
   
(239,589
)    
(239,589
)
Total stockholders' equity
   
1,973,304
     
1,828,539
 
Total liabilities and stockholders' equity
  $
2,215,359
    $
1,951,935
 
Condensed Income Statement [Table Text Block]
   
Year Ended December 31,
 
   
2017
   
2016
   
2015
 
   
(In thousands)
 
Cash dividends from Cathay Bank and Far East National Bank
  $
265,207
    $
113,448
    $
163,301
 
Cash dividends from GBC Venture Capital
   
-
     
950
     
-
 
Interest income
   
221
     
48
     
68
 
Interest expense
   
7,637
     
5,791
     
5,776
 
Non-interest income/(loss)
   
1,909
     
(488
)    
(1,858
)
Gain from acquisition
   
5,628
     
-
     
-
 
Non-interest expense
   
6,726
     
3,756
     
4,644
 
Income before income tax benefit
   
258,602
     
104,411
     
151,091
 
Income tax benefit
   
(5,687
)    
(4,199
)    
(5,134
)
Income before undistributed earnings of subsidiaries
   
264,289
     
108,610
     
156,225
 
Undistributed earnings of subsidiary
   
(88,247
)    
66,489
     
4,884
 
Net income
  $
176,042
    $
175,099
    $
161,109
 
Condensed Cash Flow Statement [Table Text Block]
   
Year Ended December 31,
 
   
2017
   
2016
   
2015
 
   
(In thousands)
 
Cash flows from Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
  $
176,042
    $
175,099
    $
161,109
 
Adjustments to reconcile net income to net cash provided by operating activities:
                       
Equity in undistributed earnings of subsidiaries
   
88,247
     
(67,770
)    
(4,884
)
Dividends in excess of earnings of non-bank subsidiaries
   
-
     
1,281
     
-
 
Write-downs on venture capital and other investments
   
254
     
503
     
468
 
Write-downs on impaired securities
   
-
     
206
     
-
 
Loss in fair value of warrants
   
(12
)    
(17
)    
-
 
Stock issued to directors as compensation
   
550
     
550
     
495
 
Excess tax short-fall from stock options
   
-
     
-
     
5,348
 
Net change in other assets
   
(2,138
)    
(1,136
)    
619
 
Net change in other liabilities
   
5,949
     
(756
)    
(5,438
)
Net cash provided by operating activities
   
268,892
     
107,960
     
157,717
 
Cash flows from Investment Activities
 
 
 
 
 
 
 
 
 
 
 
 
(Increase)/decrease in short-term investment
   
(2
)    
23,999
     
(1,121
)
Proceeds from sale of available-for-sale securities
   
12,580
     
294
     
-
 
Purchase of available-for-sale securities
   
(2,759
)    
-
     
(410
)
Venture capital and other investments
   
671
     
134
     
-
 
Acquisitions, net of cash acquired
   
(275,328
)    
-
     
(57,006
)
Net cash (used in)/provided by investment activities
   
(264,838
)    
24,427
     
(58,537
)
Cash flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Proceeds of issuance of long-term debt
   
75,000
     
-
     
-
 
Cash dividends
   
(69,888
)    
(59,274
)    
(45,283
)
Proceeds from shares issued under the Dividend Reinvestment Plan
   
2,528
     
2,277
     
4,175
 
Proceeds from exercise of stock options
   
1,094
     
7,661
     
5,014
 
Taxes paid related to net share settlement of RSUs
   
(5,128
)    
(103
)    
(227
)
Excess tax short-fall from share-based payment arrangements
   
-
     
-
     
(5,348
)
Purchase of treasury stock
   
-
     
(54,441
)    
(59,412
)
Net cash used in financing activities
   
3,606
     
(103,880
)    
(101,081
)
Increase/(Decrease) in cash and cash equivalents
   
7,660
     
28,507
     
(1,901
)
Cash and cash equivalents, beginning of the year
   
41,491
     
12,984
     
14,885
 
Cash and cash equivalents, end of the year
  $
49,151
    $
41,491
    $
12,984