XML 256 R123.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Unconsolidated Holding Companies’ Financial Statements - Cash Flow Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income (loss) attributable to Amerant Bancorp Inc. $ 112,921 $ (1,722) $ 51,334
Stock-based compensation expense 4,782 2,307 6,365
Net cash provided by operating activities 67,431 57,247 78,392
Cash flows from investing activities      
Purchases of available for sale securities (425,864) (399,202) (445,892)
Maturities of available for sale securities 446,436 781,983 497,709
Net cash provided by investing activities 385,319 286,339 205,843
Cash flows from financing activities      
Proceeds from common stock issued - Class A 0 0 29,218
Proceeds from issuance of Senior Notes, net of issuance costs 0 58,412 0
Redemption of junior subordinated debentures 0 (28,068) (25,864)
Net cash used in financing activities (392,928) (250,524) (248,621)
Net increase in cash and cash equivalents 59,822 93,062 35,614
Cash and cash equivalents      
Beginning of period 214,386 121,324 85,710
End of period 274,208 214,386 121,324
Class A      
Cash flows from financing activities      
Dividend paid (2,200)    
Mercantil Bank Holding Corporation | Parent Company | Reportable Legal Entities      
Cash flows from operating activities      
Net income (loss) attributable to Amerant Bancorp Inc. 112,921 (1,723) 51,334
Adjustments to reconcile net (loss) income to net cash used in operating activities - Equity in earnings of subsidiaries (120,253) (2,520) (56,755)
Stock-based compensation expense 927 375 422
Net change in other assets and liabilities (6,917) 57 (1,339)
Net cash provided by operating activities (13,322) (3,811) (6,338)
Cash flows from investing activities      
Dividends received from subsidiary 40,000 0 61,500
Net cash provided by investing activities 40,000 0 61,500
Cash flows from financing activities      
Proceeds from common stock issued - Class A 0 0 29,218
Proceeds from issuance of Senior Notes, net of issuance costs 0 58,412 0
Net cash used in financing activities (45,845) (10,966) 753
Net increase in cash and cash equivalents (19,167) (14,777) 55,915
Cash and cash equivalents      
Beginning of period 43,029 57,806 1,891
End of period 23,862 43,029 57,806
Mercantil Bank Holding Corporation | Parent Company | Reportable Legal Entities | Common Stock | Class A      
Cash flows from financing activities      
Payments for Repurchase of Equity (36,332) 0 0
Mercantil Bank Holding Corporation | Parent Company | Reportable Legal Entities | Common Stock | Class B      
Cash flows from financing activities      
Payments for Repurchase of Equity (9,563) (69,378) (28,465)
Mercantil Florida Bancorp, Inc | Subsidiaries | Reportable Legal Entities      
Cash flows from operating activities      
Net income (loss) attributable to Amerant Bancorp Inc. 120,254 2,520 56,755
Adjustments to reconcile net (loss) income to net cash used in operating activities - Equity in earnings of subsidiaries (122,311) (1,433) (60,555)
Net change in other assets and liabilities 1,838 (3,823) 3,108
Net cash provided by operating activities (219) (2,736) (692)
Cash flows from investing activities      
Dividends received from subsidiary 30,000 0 105,000
Dividends paid 0 0
Purchases of available for sale securities 0 (3,505) (998)
Maturities of available for sale securities 0 2,000 0
Net cash provided by investing activities 30,000 (1,505) 104,002
Cash flows from financing activities      
Redemption of junior subordinated debentures 0 (28,068) (25,864)
Dividend paid (40,000) 0 61,500
Net cash used in financing activities (40,000) (28,068) (87,364)
Net increase in cash and cash equivalents (10,219) (32,309) 15,946
Cash and cash equivalents      
Beginning of period 16,559 48,868 32,922
End of period $ 6,340 $ 16,559 $ 48,868