CASH 2018 Annual Report

104 META FINANCIAL GROUP, INC. AND SUBSIDIARIES Consolidated Statements of Financial Condition (Dollars in Thousands, Except Share and Per Share Data) ASSETS September 30, 2018 September 30, 2017 Cash and cash equivalents $ 99,977 $ 1,267,586 Investment securities available-for-sale 1,487,960 1,106,977 Mortgage-backed securities available-for-sale 364,065 586,454 Investment securities held to maturity 164,304 449,840 Mortgage-backed securities held to maturity 7,850 113,689 Loans held for sale 15,606 — Loans and leases receivable 2,944,739 1,325,371 Allowance for loan and lease losses (13,040) (7,534) Federal Home Loan Bank stock, at cost 23,400 61,123 Accrued interest receivable 22,016 19,380 Premises, furniture, and equipment, net 40,458 19,320 Rental equipment 107,290 — Bank-owned life insurance 87,293 84,702 Foreclosed real estate and repossessed assets 31,638 292 Goodwill 303,270 98,723 Intangible assets 70,719 52,178 Prepaid assets 27,906 28,392 Deferred taxes 18,737 9,101 Other assets 30,879 12,738 Total assets $ 5,835,067 $ 5,228,332 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES Non-interest-bearing checking $ 2,405,274 $ 2,454,057 Interest-bearing checking 111,587 67,294 Savings deposits 54,765 53,505 Money market deposits 51,995 48,758 Time certificates of deposit 276,180 123,637 Wholesale deposits 1,531,186 476,173 Total deposits 4,430,987 3,223,424 Short-term debt 425,759 1,404,534 Long-term debt 88,963 85,533 Accrued interest payable 7,794 2,280 Accrued expenses and other liabilities 133,838 78,065 Total liabilities 5,087,341 4,793,836 STOCKHOLDERS’ EQUITY Preferred stock, 3,000,000 shares authorized, no shares issued or outstanding at September 30, 2018 and 2017, respectively — — Common stock, $.01 par value; 90,000,000 and 45,000,000 shares authorized, 39,192,063 and 28,871,621 shares issued, and 39,167,280 and 28,867,785 shares outstanding at September 30, 2018 and 2017, respectively (1) 393 288 Common stock, Nonvoting, $.01 par value; 3,000,000 shares authorized, no shares issued or outstanding at September 30, 2018 and 2017, respectively — — Additional paid-in capital 565,811 258,144 Retained earnings 213,048 167,164 Accumulated other comprehensive (loss) income (33,111) 9,166 Treasury stock, at cost, 24,783 and 3,836 common shares at September 30, 2018 and 2017, respectively (1,989) (266) Total equity attributable to parent 744,152 434,496 Non-controlling interest 3,574 — Total stockholders' equity 747,726 434,496 Total liabilities and stockholders’ equity $ 5,835,067 $ 5,228,332 (1) All share and per share data for all periods presented has been adjusted to reflect the 3-for-1 forward stock split of the Company's common stock effected by the Company on October 4, 2018. See Notes to Consolidated Financial Statements.