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CENTRAL PACIFIC FINANCIAL CORP. (NYSE - CPF)  
 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201612/31/201712/31/201712/31/2017
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Cash flows from operating activities 
Net income 40,45345,86846,99241,204
Adjustments to reconcile net income to net cash provided by operating activities 
Provision (credit) for loan and lease losses (6,414)(15,671)(5,517)(2,674)
Depreciation and amortization of premises and equipment 5,8425,8706,0496,441
Gain on sale of premises and equipment 00(3,537)0
Amortization of mortgage servicing rights and core deposit premium 5,3326,8597,7414,962
Write down of other real estate, net of gain on sale 1,133198(251)(192)
Net amortization of investment securities 7,80710,24612,94511,674
Share-based compensation expense 4,2183,1311,3331,918
Net losses on sales of investment securities (240)1,86601,410
Net gain on sale of residential mortgage loans (5,545)(6,107)(7,631)(4,069)
Proceeds from sales of loans held for sale 373,061379,318432,331319,556
Origination of loans held for sale (364,828)(377,638)(442,472)(299,942)
Equity in earnings of unconsolidated subsidiaries (480)(578)(723)(602)
Increase in cash surrender value of bank-owned life insurance (3,161)(2,407)(3,132)(3,940)
Deferred income taxes 20,48226,07924,42732,206
Net tax benefits from share-based compensation NA00544
Net change in other assets and liabilities (6,228)(2,529)7,930(11,712)
Net cash provided by operating activities 71,43274,50576,48596,784
Cash flows from investing activities 
Proceeds from maturities of and calls on available-for-sale investment securities 145,592165,492204,426169,472
Proceeds from sales of available-for-sale investment securities 162,470117,4960114,536
Purchases of available-for-sale investment securities (98,408)(344,766)(195,456)(356,887)
Proceeds from maturities of and calls on held-to-maturity investment securities 15,81426,52430,98925,237
Purchases of held-to-maturity investment securities (2,443)(37,043)(1,644)0
Loan (originations) and payments, net (245,099)(218,195)(239,006)(166,051)
Purchases of loan portfolios (62,648)(68,754)(76,946)(83,784)
Proceeds from sales of loans originated for investment 06,65800
Proceeds from sales of other real estate 3,8656,6912,850286
Proceeds from bank-owned life insurance 4817231,5063,240
Proceeds from sale of premises and equipment 004,2870
Purchases of premises and equipment (6,017)(5,817)(5,896)(6,531)
Distributions from unconsolidated subsidiaries 531524645658
Contributions to unconsolidated subsidiaries 4660(5)(114)
Proceeds from redemption (purchases) of FHLB stock 2,26135,326(2,966)3,811
Net cash used in investing activities (83,135)(315,141)(277,216)(296,127)
Cash flows from financing activities 
Net increase in deposits 174,127323,139174,762348,153
Repayments of long-term debt (14)NANANA
Net (decrease) increase in FHLB advances and other short-term borrowings 29,98531,00066,000(103,000)
Cash dividends paid on common stock (13,405)(26,143)(18,619)(21,299)
Repurchases of common stock (142,405)(93,533)(18,206)(26,559)
Net proceeds from issuance of common stock and stock option exercises 743609410
Net cash provided by financing activities 48,362234,823204,878197,295
Net increase (decrease) in cash and cash equivalents 36,659(5,813)4,147(2,048)
Cash and cash equivalents at beginning of year 49,34886,00780,19484,341
Cash and cash equivalents at end of year 86,00780,19484,34182,293
Supplemental cash flow information 
Cash paid during the year for 
Interest 6,4136,4538,70512,717
Income taxes 01,64208,401
Cash received during the year for 
Income taxes 18501,6050
Supplemental non-cash disclosures 
Net change in common stock held by directors' deferred compensation plan 11154681385
Net reclassification of loans to other real estate 2,7835,9031,428154
Net transfer of portfolio loans to loans held for sale 06,65800


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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