CASH 2017 Annual Report

95 META FINANCIAL GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollars in Thousands, Except Share and Per Share Data) ASSETS September 30, 2017 September 30, 2016 Cash and cash equivalents $ 1,267,586 $ 773,830 Investment securities available-for-sale 1,106,977 910,309 Mortgage-backed securities available-for-sale 586,454 558,940 Investment securities held to maturity 449,840 486,095 Mortgage-backed securities held to maturity 113,689 133,758 Loans receivable 1,325,371 925,105 Allowance for loan losses (7,534) (5,635) Federal Home Loan Bank stock, at cost 61,123 47,512 Accrued interest receivable 19,380 17,199 Premises, furniture, and equipment, net 19,320 18,626 Bank-owned life insurance 84,702 57,486 Foreclosed real estate and repossessed assets 292 76 Goodwill 98,723 36,928 Intangible assets 52,178 28,921 Prepaid assets 28,392 9,443 Deferred taxes 9,101 — Other assets 12,738 7,826 Total assets $ 5,228,332 $ 4,006,419 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES Non-interest-bearing checking $ 2,454,057 $ 2,167,522 Interest-bearing checking 67,294 38,077 Savings deposits 53,505 50,742 Money market deposits 48,758 47,749 Time certificates of deposit 123,637 125,992 Wholesale deposits 476,173 — Total deposits 3,223,424 2,430,082 Short-term debt 1,404,534 1,095,118 Long-term debt 85,533 92,460 Accrued interest payable 2,280 875 Deferred taxes — 4,600 Accrued expenses and other liabilities 78,065 48,309 Total liabilities 4,793,836 3,671,444 STOCKHOLDERS’ EQUITY Preferred stock, 3,000,000 shares authorized, no shares issued or outstanding at September 30, 2017 and 2016, respectively — — Common stock, $.01 par value; 15,000,000 shares authorized, 9,626,431 and 8,523,641 shares issued, 9,622,595 and 8,523,641 shares outstanding at September 30, 2017 and 2016, respectively 96 85 Common stock, Nonvoting, $.01 par value; 3,000,000 shares authorized, no shares issued or outstanding at September 30, 2017 and 2016, respectively — — Additional paid-in capital 258,336 184,780 Retained earnings 167,164 127,190 Accumulated other comprehensive income 9,166 22,920 Treasury stock, at cost, 3,836 common shares at September 30, 2017 and none at September 30, 2016 (266) — Total stockholders’ equity 434,496 334,975 Total liabilities and stockholders’ equity $ 5,228,332 $ 4,006,419 See Notes to Consolidated Financial Statements.