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Note 20 - Condensed Financial Information of Cathay General Bancorp (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   
As of December 31,
 
   
2018
   
2017
 
   
(In thousands, except
 
   
share and per share data)
 
Assets
 
 
 
 
 
 
 
 
Cash
  $
19,861
    $
44,645
 
Cash pledged as margin for interest rate swaps
   
1,766
     
4,506
 
Short-term certificates of deposit
   
328
     
327
 
Securities available for sale
   
17,564
     
19,806
 
Investment in Cathay Bank subsidiary
   
2,290,073
     
2,134,445
 
Investment in non-bank subsidiaries
   
4,652
     
4,799
 
Other assets
   
6,012
     
6,831
 
Total assets
  $
2,340,256
    $
2,215,359
 
Liabilities
 
 
 
 
 
 
 
 
Junior subordinated debt
  $
119,136
    $
119,136
 
Long-term Debt
   
70,313
     
75,000
 
Deferred payments from acquisition
   
18,458
     
35,404
 
Other liabilities
   
10,483
     
12,515
 
Total liabilities
   
218,390
     
242,055
 
Commitments and contingencies
   
-
     
-
 
Stockholders' equity
 
 
 
 
 
 
 
 
Common stock, $0.01 par value, 100,000,000 shares authorized, 89,826,317 issued and 80,501,948 outstanding at December 31, 2018, and 89,104,022 issued and 80,893,379 outstanding at December 31, 2017
   
898
     
891
 
Additional paid-in-capital
   
942,062
     
932,874
 
Accumulated other comprehensive loss, net
   
(18,006
)    
(2,511
)
Retained earnings
   
1,479,149
     
1,281,639
 
Treasury stock, at cost (9,324,369 shares at December 31, 2018, and 8,210,643 shares at December 31, 2017)
   
(282,237
)    
(239,589
)
Total stockholders' equity
   
2,121,866
     
1,973,304
 
Total liabilities and stockholders' equity
  $
2,340,256
    $
2,215,359
 
Condensed Income Statement [Table Text Block]
   
Year Ended December 31,
 
   
2018
   
2017
   
2016
 
   
(In thousands)
 
Cash dividends from Cathay Bank and Far East National Bank
  $
127,825
    $
265,207
    $
113,448
 
Cash dividends from GBC Venture Capital
   
-
     
-
     
950
 
Interest income
   
57
     
221
     
48
 
Interest expense
   
9,813
     
7,637
     
5,791
 
Non-interest (loss)/income
   
(1,940
)    
1,909
     
(488
)
Gain from acquisition
   
340
     
5,628
     
-
 
Non-interest expense
   
3,782
     
6,726
     
3,756
 
Income before income tax benefit
   
112,687
     
258,602
     
104,411
 
Income tax benefit
   
(4,971
)    
(5,687
)    
(4,199
)
Income before undistributed earnings of subsidiaries
   
117,658
     
264,289
     
108,610
 
Undistributed earnings of subsidiary
   
154,227
     
(88,247
)    
66,489
 
Net income
  $
271,885
    $
176,042
    $
175,099
 
Condensed Cash Flow Statement [Table Text Block]
   
Year Ended December 31,
 
   
2018
   
2017
   
2016
 
   
(In thousands)
 
Cash flows from Operating Activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income
  $
271,885
    $
176,042
    $
175,099
 
Adjustments to reconcile net income to net cash provided by operating activities:
     
 
     
 
 
Equity in undistributed earnings of subsidiaries
   
(154,227
)    
88,247
     
(67,770
)
Dividends in excess of earnings of non-bank subsidiaries
   
-
     
-
     
1,281
 
Unrealized loss on equity securities
   
2,242
     
-
     
-
 
Write-downs on venture capital and other investments
   
271
     
254
     
503
 
Write-downs on impaired securities
   
-
     
-
     
206
 
Loss in fair value of warrants
   
(93
)    
(12
)    
(17
)
Stock issued to directors as compensation
   
649
     
550
     
550
 
Net change in other assets
   
915
     
3,490
     
(1,136
)
Gain from acquisition    
(340
)    
(5,628
)    
-
 
Net change in other liabilities
   
(1,375
)    
5,949
     
(756
)
Net cash provided by operating activities
   
119,927
     
268,892
     
107,960
 
Cash flows from Investment Activities
 
 
 
 
 
 
 
 
 
 
 
 
(Increase)/decrease in short-term investment
   
(1
)    
(2
)    
23,999
 
Proceeds from sale of available-for-sale securities
   
-
     
12,580
     
294
 
Purchase of available-for-sale securities
   
-
     
(2,759
)    
-
 
Venture capital and other investments
   
150
     
671
     
134
 
Acquisitions, net of cash acquired
   
-
     
(275,328
)    
-
 
Net cash provided by/(used in) investment activities
   
149
     
(264,838
)    
24,427
 
Cash flows from Financing Activities
 
 
 
 
 
 
 
 
 
 
 
 
Repayment of long-term debt
   
(21,633
)    
-
     
-
 
Proceeds of issuance of long-term debt
   
-
     
75,000
     
-
 
Cash dividends
   
(83,428
)    
(69,888
)    
(59,274
)
Proceeds from shares issued under the Dividend Reinvestment Plan
   
2,821
     
2,528
     
2,277
 
Proceeds from exercise of stock options
   
838
     
1,094
     
7,661
 
Taxes paid related to net share settlement of RSUs
   
(3,550
)    
(5,128
)    
(103
)
Purchase of treasury stock
   
(42,648
)    
-
     
(54,441
)
Net cash (used in)/provided by financing activities
   
(147,600
)    
3,606
     
(103,880
)
(Decrease)/Increase in cash and cash equivalents
   
(27,524
)    
7,660
     
28,507
 
Cash and cash equivalents, beginning of the year
   
49,151
     
41,491
     
12,984
 
Cash and cash equivalents, end of the year
  $
21,627
    $
49,151
    $
41,491