|
Net income
|
|
$19.4m
|
$22.4m
|
$22.7m
|
$42.2m
|
$39.7m
|
$28.5m
|
|
Amortization
|
|
$1.1m
|
$1.7m
|
$1.9m
|
$1.8m
|
$2.6m
|
$3.1m
|
|
Impairment of assets
|
|
—
|
—
|
—
|
$0
|
$415k
|
$0
|
|
Interest expense
|
|
$32.0m
|
$29.3m
|
$50.2m
|
$129.3m
|
$182.8m
|
$179.5m
|
|
Provision for (recovery of) credit losses
|
|
($344k)
|
($322k)
|
$451k
|
$609k
|
($268k)
|
$4.4m
|
|
Stock-based compensation
|
|
—
|
$0
|
$1.5m
|
$901k
|
$348k
|
$81k
|
|
Income tax provision
|
|
$7.3m
|
$8.4m
|
$9.9m
|
$15.5m
|
$15.0m
|
$13.0m
|
|
Interest income
|
|
($86.1m)
|
($89.5m)
|
($126.8m)
|
($229.3m)
|
($285.4m)
|
($295.7m)
|
|
Accretion of discount on securities
|
|
—
|
$0
|
($533k)
|
($155k)
|
($373k)
|
($150k)
|
|
Interest received
|
|
$83.4m
|
$85.4m
|
$116.0m
|
$220.8m
|
$276.9m
|
$293.4m
|
|
Credit assets
|
|
($57.4m)
|
($443.7m)
|
($880.5m)
|
($850.4m)
|
($307.8m)
|
($829.8m)
|
|
Deposits
|
|
$166.5m
|
$287.1m
|
$790.4m
|
$840.6m
|
$523.3m
|
$723.8m
|
|
Change in other assets and liabilities
|
|
$4.6m
|
$22.3m
|
$15.0m
|
$22.3m
|
$14.4m
|
$122.5m
|
|
Cash flows from (used in) operating activities
|
|
$139.6m
|
($108.3m)
|
($32.7m)
|
$94.7m
|
$272.7m
|
$44.5m
|
|
Acquisition of Stearns Bank Holdingford N.A., net of cash acquired
|
|
$0
|
($7.5m)
|
$0
|
$0
|
($12.1m)
|
$0
|
|
Foreign exchange forward settlement
|
|
—
|
—
|
—
|
—
|
$0
|
($5.3m)
|
|
Sale of securities
|
|
—
|
—
|
—
|
($27.8m)
|
($126.9m)
|
$218.5m
|
|
Purchase of property and equipment
|
|
($245k)
|
($14k)
|
($581k)
|
($362k)
|
($18.6m)
|
($954k)
|
|
Cash flows from (used in) investing activities
|
|
$9.8m
|
($8.4m)
|
($141.6m)
|
($28.1m)
|
($157.6m)
|
$212.3m
|
|
Issuance of common shares, net of issue costs
|
|
$0
|
$73.2m
|
$0
|
—
|
$607k
|
$114.8m
|
|
Purchase and cancellation of common shares
|
|
—
|
$0
|
($1.9m)
|
($13.3m)
|
$0
|
($9.1m)
|
|
Redemption of subordinated notes payable (note 12)
|
|
—
|
—
|
—
|
$0
|
($5.0m)
|
$0
|
|
Redemption of preferred shares (note 14)
|
|
$0
|
($16.8m)
|
$0
|
$0
|
($14.6m)
|
$0
|
|
Repayment of lease obligations
|
|
($355k)
|
($621k)
|
($642k)
|
($700k)
|
($736k)
|
($367k)
|
|
Cash flows from (used in) financing activities
|
|
($30.9m)
|
$131.4m
|
($6.3m)
|
($17.3m)
|
($23.3m)
|
$102.0m
|
|
Change in cash
|
|
$118.5m
|
$14.7m
|
($180.6m)
|
$49.3m
|
$91.8m
|
$358.8m
|
|
Cash, beginning of year
|
|
$257.6m
|
$271.5m
|
$88.6m
|
$132.2m
|
$225.3m
|
$581.7m
|
|
Dividends paid
|
|
($4.3m)
|
($3.8m)
|
($3.7m)
|
($3.6m)
|
($3.6m)
|
($3.2m)
|
|
Foreign exchange rate change on assets and liabilities
|
|
—
|
$743k
|
$9.5m
|
$10.5m
|
($1.6m)
|
$3.1m
|
|
Effect of exchange rate changes on cash
|
|
$0
|
($779k)
|
($2.4m)
|
($5.6m)
|
$1.2m
|
($2.3m)
|
|
Interest paid
|
|
($30.9m)
|
($30.8m)
|
($36.0m)
|
($93.8m)
|
($167.7m)
|
($186.9m)
|
|
Income taxes paid
|
|
($1.7m)
|
$0
|
($6.3m)
|
($16.0m)
|
($19.7m)
|
($14.4m)
|