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Condensed Financial Statements of Parent Company
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Financial Statements of Parent Company CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY
The following tables present the condensed financial statements for Customers Bancorp, Inc. (parent company only) as of December 31, 2019 and 2018, and for the years ended December 31, 2019, 2018 and 2017.
Balance Sheets
December 31,
(amounts in thousands)20192018
Assets
Cash in subsidiary bank$62,643  $16,684  
Investments in and receivables due from bank subsidiary1,178,166  1,059,671  
Investments in and receivables due from non-bank subsidiaries2,406  1,718  
Other assets6,583  3,417  
Total assets$1,249,798  $1,081,490  
Liabilities and Shareholders' equity
Borrowings$195,670  $123,871  
Other liabilities1,333  803  
Total liabilities197,003  124,674  
Shareholders' equity1,052,795  956,816  
Total Liabilities and Shareholders' Equity$1,249,798  $1,081,490  
Income and Comprehensive Income Statements
For the Years Ended December 31,
(amounts in thousands)201920182017
Operating income:
Other, including dividends from bank subsidiary$70,000  $45,422  $38,200  
Total operating income70,000  45,422  38,200  
Operating expense:
Interest5,425  8,178  7,984  
Other744  1,722  1,742  
Total operating expense6,169  9,900  9,726  
Income before taxes and undistributed income of subsidiaries63,831  35,522  28,474  
Income tax benefit1,391  2,335  3,620  
Income before undistributed income of subsidiaries65,222  37,857  32,094  
Equity in undistributed income of subsidiaries14,105  33,838  46,743  
Net income79,327  71,695  78,837  
Preferred stock dividends14,459  14,459  14,459  
Net income available to common shareholders64,868  57,236  64,378  
Comprehensive income$100,740  $50,730  $83,370  
One of the principal sources of the Bancorp's liquidity is the dividends it receives from the Bank, which may be impacted by the following: bank-level capital needs, laws and regulations, corporate policies, contractual restrictions and other factors. There are statutory and regulatory limitations on the ability of the Bank to pay dividends or make other capital distributions or to extend credit to the Bancorp or its non-bank subsidiaries.
Statements of Cash Flows
For the Years Ended December 31,
(amounts in thousands)201920182017
Cash Flows from Operating Activities
Net income$79,327  $71,695  $78,837  
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiaries, net of dividends received from Bank(14,105) (33,838) (46,743) 
(Increase) decrease in other assets(3,166) (256) 7,624  
Increase (decrease) in other liabilities1,775  (251) (1,322) 
Net Cash Provided By (Used in) Operating Activities63,831  37,350  38,396  
Cash Flows from Investing Activities
Payments for investments in and advances to subsidiaries(74,767) (29) (98,725) 
Net Cash Used in Investing Activities(74,767) (29) (98,725) 
Cash Flows from Financing Activities
Proceeds from issuance of common stock2,150  3,585  2,716  
Proceeds from issuance of subordinated long-term debt72,030  —  —  
Proceed from issuance of other long-term borrowings24,477  —  98,564  
Repayments of other borrowings(25,000) (63,250) —  
Exercise and redemption of warrants—  112  1,059  
Purchase of treasury stock(571) (12,976) —  
Payments of employee taxes withheld from share-based awards(1,732) (880) (14,761) 
Preferred stock dividends paid(14,459) (14,459) (14,459) 
Net Cash Provided by (Used in) Financing Activities56,895  (87,868) 73,119  
Net Increase (Decrease) in Cash and Cash Equivalents45,959  (50,547) 12,790  
Cash and Cash Equivalents - Beginning16,684  67,231  54,441  
Cash and Cash Equivalents - Ending$62,643  $16,684  $67,231