00014888132019FYFALSE--12-31P3YP5YP3YP5YP3YP3Y33.3300014888132019-01-012019-12-310001488813exch:XNYSus-gaap:CommonStockMember2019-01-012019-12-310001488813exch:XNYSus-gaap:SeriesCPreferredStockMember2019-01-012019-12-310001488813exch:XNYSus-gaap:SeriesDPreferredStockMember2019-01-012019-12-310001488813exch:XNYSus-gaap:SeriesEPreferredStockMember2019-01-012019-12-310001488813exch:XNYSus-gaap:SeriesFPreferredStockMember2019-01-012019-12-310001488813exch:XNYSus-gaap:SubordinatedDebtMember2019-01-012019-12-31iso4217:USD00014888132019-06-30xbrli:shares00014888132020-02-2500014888132019-12-3100014888132018-12-31iso4217:USDxbrli:shares00014888132018-01-012018-12-3100014888132017-01-012017-12-310001488813us-gaap:CreditAndDebitCardMember2019-01-012019-12-310001488813us-gaap:CreditAndDebitCardMember2018-01-012018-12-310001488813us-gaap:CreditAndDebitCardMember2017-01-012017-12-310001488813us-gaap:DepositAccountMember2019-01-012019-12-310001488813us-gaap:DepositAccountMember2018-01-012018-12-310001488813us-gaap:DepositAccountMember2017-01-012017-12-310001488813srt:ParentCompanyMember2018-01-012018-12-310001488813srt:ParentCompanyMember2017-01-012017-12-310001488813us-gaap:PreferredStockMember2016-12-310001488813us-gaap:CommonStockMember2016-12-310001488813us-gaap:AdditionalPaidInCapitalMember2016-12-310001488813us-gaap:RetainedEarningsMember2016-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2016-12-310001488813us-gaap:TreasuryStockMember2016-12-3100014888132016-12-310001488813us-gaap:RetainedEarningsMember2017-01-012017-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-01-012017-12-310001488813us-gaap:AdditionalPaidInCapitalMember2017-01-012017-12-310001488813us-gaap:CommonStockMember2017-01-012017-12-310001488813us-gaap:PreferredStockMember2017-12-310001488813us-gaap:CommonStockMember2017-12-310001488813us-gaap:AdditionalPaidInCapitalMember2017-12-310001488813us-gaap:RetainedEarningsMember2017-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310001488813us-gaap:TreasuryStockMember2017-12-3100014888132017-12-310001488813us-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813us-gaap:AccountingStandardsUpdate201802Memberus-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Memberus-gaap:RetainedEarningsMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Member2018-01-010001488813us-gaap:RetainedEarningsMember2018-01-012018-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-12-310001488813us-gaap:AdditionalPaidInCapitalMember2018-01-012018-12-310001488813us-gaap:CommonStockMember2018-01-012018-12-310001488813us-gaap:TreasuryStockMember2018-01-012018-12-310001488813us-gaap:PreferredStockMember2018-12-310001488813us-gaap:CommonStockMember2018-12-310001488813us-gaap:AdditionalPaidInCapitalMember2018-12-310001488813us-gaap:RetainedEarningsMember2018-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001488813us-gaap:TreasuryStockMember2018-12-310001488813us-gaap:RetainedEarningsMember2019-01-012019-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-12-310001488813us-gaap:AdditionalPaidInCapitalMember2019-01-012019-12-310001488813us-gaap:CommonStockMember2019-01-012019-12-310001488813us-gaap:TreasuryStockMember2019-01-012019-12-310001488813us-gaap:PreferredStockMember2019-12-310001488813us-gaap:CommonStockMember2019-12-310001488813us-gaap:AdditionalPaidInCapitalMember2019-12-310001488813us-gaap:RetainedEarningsMember2019-12-310001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001488813us-gaap:TreasuryStockMember2019-12-310001488813us-gaap:SeriesCPreferredStockMember2018-01-012018-12-310001488813us-gaap:SeriesCPreferredStockMember2017-01-012017-12-310001488813us-gaap:SeriesCPreferredStockMember2019-01-012019-12-310001488813us-gaap:SeriesDPreferredStockMember2017-01-012017-12-310001488813us-gaap:SeriesDPreferredStockMember2019-01-012019-12-310001488813us-gaap:SeriesDPreferredStockMember2018-01-012018-12-310001488813us-gaap:SeriesEPreferredStockMember2017-01-012017-12-310001488813us-gaap:SeriesEPreferredStockMember2019-01-012019-12-310001488813us-gaap:SeriesEPreferredStockMember2018-01-012018-12-310001488813us-gaap:SeriesFPreferredStockMember2019-01-012019-12-310001488813us-gaap:SeriesFPreferredStockMember2018-01-012018-12-310001488813us-gaap:SeriesFPreferredStockMember2017-01-012017-12-31cubi:Branch0001488813us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2019-12-31xbrli:purecubi:CompensationPlan0001488813cubi:EmployeeStockPurchasePlanMember2014-01-012014-12-31cubi:Segment00014888132016-07-012016-12-31cubi:derivative0001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2019-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:CashFlowHedgingMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMember2018-12-310001488813us-gaap:SubsequentEventMemberus-gaap:AccountingStandardsUpdate201613Member2020-01-012020-01-010001488813us-gaap:StockCompensationPlanMember2019-01-012019-12-310001488813us-gaap:StockCompensationPlanMember2018-01-012018-12-310001488813us-gaap:StockCompensationPlanMember2017-01-012017-12-310001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2017-12-310001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2017-12-310001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2017-12-310001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2017-12-310001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMemberus-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMemberus-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMemberus-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMemberus-gaap:AccountingStandardsUpdate201802Member2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Membercubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Membercubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-010001488813us-gaap:AccountingStandardsUpdate201601Membercubi:UnrealizedGainsLossesOnCashFlowHedgesMember2018-01-010001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2018-01-010001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2018-01-010001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-010001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2018-01-010001488813us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2018-01-012018-12-310001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2018-01-012018-12-310001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-01-012018-12-310001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2018-01-012018-12-310001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2018-12-310001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2018-12-310001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2018-12-310001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2018-12-310001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2019-01-012019-12-310001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2019-01-012019-12-310001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-01-012019-12-310001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2019-01-012019-12-310001488813cubi:AccumulatedNetUnrealizedInvestmentGainLossBeforeTranslationAdjustmentsMember2019-12-310001488813cubi:AccumulatedNetInvestmentForeignCurrencyAdjustmentAttributableToParentMember2019-12-310001488813us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-12-310001488813cubi:UnrealizedGainsLossesOnCashFlowHedgesMember2019-12-310001488813cubi:CombinedeffectofmultipleaccountingpronouncementsoncomponentsofshareholdersequityMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010001488813cubi:NonInterestExpenseMember2018-01-012018-12-310001488813cubi:OtherNoninterestIncomeMember2018-01-012018-12-310001488813us-gaap:ResidentialMortgageBackedSecuritiesMember2019-12-310001488813us-gaap:CorporateNoteSecuritiesMember2019-12-310001488813us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813us-gaap:ResidentialMortgageBackedSecuritiesMember2018-12-310001488813us-gaap:CorporateNoteSecuritiesMember2018-12-310001488813us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-01-012019-12-31cubi:position0001488813us-gaap:CorporateNoteSecuritiesMember2018-12-3100014888132019-09-302019-09-300001488813cubi:MortgageWarehouseMember2019-12-310001488813cubi:MortgageWarehouseMember2018-12-310001488813us-gaap:CommercialBorrowerMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813us-gaap:CommercialBorrowerMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialandIndustrialMemberus-gaap:CommercialBorrowerMember2019-12-310001488813cubi:CommercialandIndustrialMemberus-gaap:CommercialBorrowerMember2018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialBorrowerMember2019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedMemberus-gaap:CommercialBorrowerMember2018-12-310001488813us-gaap:CommercialBorrowerMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:CommercialBorrowerMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:CommercialBorrowerMember2019-12-310001488813us-gaap:CommercialBorrowerMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConsumerBorrowerMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConsumerBorrowerMember2018-12-310001488813us-gaap:ConsumerBorrowerMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813us-gaap:ConsumerBorrowerMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:ConsumerBorrowerMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:ConsumerBorrowerMember2018-12-310001488813us-gaap:ConsumerBorrowerMember2019-12-310001488813us-gaap:ConsumerBorrowerMember2018-12-310001488813us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:CommercialBorrowerMember2019-12-310001488813us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:CommercialBorrowerMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:MultifamilyPortfolioSegmentMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMembercubi:FinancingReceivables30to89DaysPastDueMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:FinancingReceivables30to89DaysPastDueMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:FinancingReceivables30to89DaysPastDueMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMember2019-12-310001488813us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2019-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:MultifamilyPortfolioSegmentMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMembercubi:FinancingReceivables30to89DaysPastDueMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:FinancingReceivables30to89DaysPastDueMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:FinancingReceivables30to89DaysPastDueMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-12-310001488813cubi:FinancingReceivables30to89DaysPastDueMember2018-12-310001488813us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2018-12-310001488813us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember2018-12-310001488813us-gaap:ResidentialRealEstateMember2019-12-310001488813us-gaap:ResidentialRealEstateMember2018-12-310001488813cubi:MultifamilyPortfolioSegmentMember2019-01-012019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2019-01-012019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-01-012019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-01-012019-12-310001488813cubi:ConstructionPortfolioSegmentMember2019-01-012019-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2019-01-012019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2019-01-012019-12-310001488813cubi:MultifamilyPortfolioSegmentMember2017-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2017-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2017-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2017-12-310001488813cubi:ConstructionPortfolioSegmentMember2017-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2017-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2017-12-310001488813cubi:MultifamilyPortfolioSegmentMember2018-01-012018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2018-01-012018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-01-012018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-01-012018-12-310001488813cubi:ConstructionPortfolioSegmentMember2018-01-012018-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2018-01-012018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2018-01-012018-12-310001488813cubi:MultifamilyPortfolioSegmentMember2017-01-012017-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMember2017-01-012017-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2017-01-012017-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2017-01-012017-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2017-01-012017-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMember2017-01-012017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2017-01-012017-12-310001488813cubi:TroubledDebtRestructuringsMember2019-01-012019-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:AccruingMember2019-01-012019-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:NonaccruingMember2019-01-012019-12-310001488813cubi:TotalMembercubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:AccruingMember2018-01-012018-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:NonaccruingMember2018-01-012018-12-310001488813cubi:TotalMembercubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:AccruingMember2017-01-012017-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMembercubi:NonaccruingMember2017-01-012017-12-310001488813cubi:TotalMembercubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2017-01-012017-12-310001488813cubi:AccruingMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-01-012019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMembercubi:NonaccruingMember2019-01-012019-12-310001488813cubi:TotalMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-01-012019-12-310001488813cubi:AccruingMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-01-012018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMembercubi:NonaccruingMember2018-01-012018-12-310001488813cubi:TotalMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-01-012018-12-310001488813cubi:AccruingMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2017-01-012017-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMembercubi:NonaccruingMember2017-01-012017-12-310001488813cubi:TotalMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2017-01-012017-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:AccruingMember2019-01-012019-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:NonaccruingMember2019-01-012019-12-310001488813cubi:TotalMemberus-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:AccruingMember2018-01-012018-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:NonaccruingMember2018-01-012018-12-310001488813cubi:TotalMemberus-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:AccruingMember2017-01-012017-12-310001488813us-gaap:ResidentialPortfolioSegmentMembercubi:NonaccruingMember2017-01-012017-12-310001488813cubi:TotalMemberus-gaap:ResidentialPortfolioSegmentMember2017-01-012017-12-310001488813cubi:AccruingMembercubi:ManufacturedHousingPortfolioSegmentMember2019-01-012019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMembercubi:NonaccruingMember2019-01-012019-12-310001488813cubi:TotalMembercubi:ManufacturedHousingPortfolioSegmentMember2019-01-012019-12-310001488813cubi:AccruingMembercubi:ManufacturedHousingPortfolioSegmentMember2018-01-012018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMembercubi:NonaccruingMember2018-01-012018-12-310001488813cubi:TotalMembercubi:ManufacturedHousingPortfolioSegmentMember2018-01-012018-12-310001488813cubi:AccruingMembercubi:ManufacturedHousingPortfolioSegmentMember2017-01-012017-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMembercubi:NonaccruingMember2017-01-012017-12-310001488813cubi:TotalMembercubi:ManufacturedHousingPortfolioSegmentMember2017-01-012017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:AccruingMember2019-01-012019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:NonaccruingMember2019-01-012019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:TotalMember2019-01-012019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:AccruingMember2018-01-012018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:NonaccruingMember2018-01-012018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:TotalMember2018-01-012018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:AccruingMember2017-01-012017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:NonaccruingMember2017-01-012017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMembercubi:TotalMember2017-01-012017-12-310001488813cubi:AccruingMember2019-01-012019-12-310001488813cubi:NonaccruingMember2019-01-012019-12-310001488813cubi:TotalMember2019-01-012019-12-310001488813cubi:AccruingMember2018-01-012018-12-310001488813cubi:NonaccruingMember2018-01-012018-12-310001488813cubi:TotalMember2018-01-012018-12-310001488813cubi:AccruingMember2017-01-012017-12-310001488813cubi:NonaccruingMember2017-01-012017-12-310001488813cubi:TotalMember2017-01-012017-12-31cubi:Loan0001488813us-gaap:PrincipalForgivenessMember2017-01-012017-12-310001488813us-gaap:PrincipalForgivenessMember2018-01-012018-12-310001488813us-gaap:PrincipalForgivenessMember2019-01-012019-12-310001488813us-gaap:ExtendedMaturityMember2019-01-012019-12-310001488813us-gaap:ExtendedMaturityMember2018-01-012018-12-310001488813us-gaap:ExtendedMaturityMember2017-01-012017-12-310001488813us-gaap:ContractualInterestRateReductionMember2019-01-012019-12-310001488813us-gaap:ContractualInterestRateReductionMember2018-01-012018-12-310001488813us-gaap:ContractualInterestRateReductionMember2017-01-012017-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2019-01-012019-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2018-01-012018-12-310001488813cubi:CommercialAndIndustrialIncludingOwnerOccupiedCommercialRealEstatePortfolioSegmentMember2017-01-012017-12-31cubi:Commitment0001488813cubi:CommercialandIndustrialMember2017-01-012017-12-310001488813cubi:CommercialandIndustrialMember2018-01-012018-12-31cubi:Allowance0001488813us-gaap:PassMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:PassMember2019-12-310001488813us-gaap:PassMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:PassMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:PassMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2019-12-310001488813us-gaap:PassMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:PassMember2019-12-310001488813us-gaap:PassMember2019-12-310001488813us-gaap:SpecialMentionMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:SpecialMentionMember2019-12-310001488813us-gaap:SpecialMentionMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:SpecialMentionMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:SpecialMentionMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2019-12-310001488813us-gaap:SpecialMentionMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:SpecialMentionMember2019-12-310001488813us-gaap:SpecialMentionMember2019-12-310001488813us-gaap:SubstandardMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:SubstandardMember2019-12-310001488813us-gaap:SubstandardMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:SubstandardMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2019-12-310001488813us-gaap:SubstandardMembercubi:ConstructionPortfolioSegmentMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2019-12-310001488813us-gaap:SubstandardMembercubi:ManufacturedHousingPortfolioSegmentMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:SubstandardMember2019-12-310001488813us-gaap:SubstandardMember2019-12-310001488813us-gaap:PerformingFinancingReceivableMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-12-310001488813us-gaap:PerformingFinancingReceivableMember2019-12-310001488813us-gaap:NonperformingFinancingReceivableMembercubi:MultifamilyPortfolioSegmentMember2019-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-12-310001488813us-gaap:NonperformingFinancingReceivableMember2019-12-310001488813us-gaap:PassMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:PassMember2018-12-310001488813us-gaap:PassMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:PassMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:PassMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2018-12-310001488813us-gaap:PassMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:PassMember2018-12-310001488813us-gaap:PassMember2018-12-310001488813us-gaap:SpecialMentionMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:SpecialMentionMember2018-12-310001488813us-gaap:SpecialMentionMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:SpecialMentionMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:SpecialMentionMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2018-12-310001488813us-gaap:SpecialMentionMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:SpecialMentionMember2018-12-310001488813us-gaap:SpecialMentionMember2018-12-310001488813us-gaap:SubstandardMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:SubstandardMember2018-12-310001488813us-gaap:SubstandardMembercubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:SubstandardMembercubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMember2018-12-310001488813us-gaap:SubstandardMembercubi:ConstructionPortfolioSegmentMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2018-12-310001488813us-gaap:SubstandardMembercubi:ManufacturedHousingPortfolioSegmentMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:SubstandardMember2018-12-310001488813us-gaap:SubstandardMember2018-12-310001488813us-gaap:PerformingFinancingReceivableMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2018-12-310001488813us-gaap:PerformingFinancingReceivableMember2018-12-310001488813us-gaap:NonperformingFinancingReceivableMembercubi:MultifamilyPortfolioSegmentMember2018-12-310001488813cubi:CommercialAndIndustrialExcludingCommercialRealEstateOwnerOccupiedMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813cubi:CommercialRealEstateNonOwnerOccupiedPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813cubi:ConstructionPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813cubi:ManufacturedHousingPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2018-12-310001488813us-gaap:NonperformingFinancingReceivableMember2018-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2019-01-012019-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2018-01-012018-12-310001488813us-gaap:ResidentialPortfolioSegmentMember2017-01-012017-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2019-01-012019-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2018-01-012018-12-310001488813cubi:OtherConsumerLoansPortfolioSegmentMember2017-01-012017-12-310001488813cubi:MultifamilyPortfolioSegmentMember2019-01-012019-12-310001488813cubi:MultifamilyPortfolioSegmentMember2018-01-012018-12-310001488813cubi:MultifamilyPortfolioSegmentMember2017-01-012017-12-310001488813cubi:CommercialandIndustrialMember2019-01-012019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedMember2019-01-012019-12-310001488813cubi:CommercialRealEstateOwnerOccupiedMember2018-01-012018-12-310001488813cubi:CommercialRealEstateOwnerOccupiedMember2017-01-012017-12-310001488813srt:FederalHomeLoanBankOfPittsburghMember2019-12-310001488813srt:FederalHomeLoanBankOfPittsburghMember2018-12-310001488813srt:MinimumMember2019-01-012019-12-310001488813srt:MaximumMember2019-01-012019-12-310001488813srt:MinimumMember2019-12-310001488813srt:MaximumMember2019-12-310001488813us-gaap:AccountingStandardsUpdate201602Member2019-01-010001488813srt:MinimumMemberus-gaap:EquipmentMember2019-12-310001488813srt:MaximumMemberus-gaap:EquipmentMember2019-12-310001488813srt:MinimumMemberus-gaap:LeaseholdImprovementsMember2019-01-012019-12-310001488813srt:MaximumMemberus-gaap:LeaseholdImprovementsMember2019-01-012019-12-310001488813us-gaap:LeaseholdImprovementsMember2019-12-310001488813us-gaap:LeaseholdImprovementsMember2018-12-310001488813cubi:FurnitureFixturesAndEquipmentMembersrt:MinimumMember2019-01-012019-12-310001488813cubi:FurnitureFixturesAndEquipmentMembersrt:MaximumMember2019-01-012019-12-310001488813cubi:FurnitureFixturesAndEquipmentMember2019-12-310001488813cubi:FurnitureFixturesAndEquipmentMember2018-12-310001488813srt:MinimumMembercubi:InformationTechnologyEquipmentAndSoftwareMember2019-01-012019-12-310001488813srt:MaximumMembercubi:InformationTechnologyEquipmentAndSoftwareMember2019-01-012019-12-310001488813cubi:InformationTechnologyEquipmentAndSoftwareMember2019-12-310001488813cubi:InformationTechnologyEquipmentAndSoftwareMember2018-12-310001488813srt:MinimumMemberus-gaap:AutomobilesMember2019-01-012019-12-310001488813srt:MaximumMemberus-gaap:AutomobilesMember2019-01-012019-12-310001488813us-gaap:AutomobilesMember2019-12-310001488813us-gaap:AutomobilesMember2018-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2019-01-012019-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2018-01-012018-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2017-01-012017-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2019-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2018-12-310001488813us-gaap:FederalHomeLoanBankAdvancesMember2017-12-310001488813us-gaap:FederalFundsPurchasedMember2019-01-012019-12-310001488813us-gaap:FederalFundsPurchasedMember2018-01-012018-12-310001488813us-gaap:FederalFundsPurchasedMember2017-01-012017-12-310001488813us-gaap:FederalFundsPurchasedMember2019-12-310001488813us-gaap:FederalFundsPurchasedMember2018-12-310001488813us-gaap:FederalFundsPurchasedMember2017-12-310001488813cubi:MaturingSeptember2024Memberus-gaap:SeniorNotesMember2019-12-310001488813cubi:MaturingSeptember2024Memberus-gaap:SeniorNotesMember2018-12-310001488813cubi:MaturingSeptember2024Memberus-gaap:SeniorNotesMember2019-01-012019-12-310001488813cubi:MaturingJune2022Memberus-gaap:SeniorNotesMember2019-12-310001488813cubi:MaturingJune2022Memberus-gaap:SeniorNotesMember2018-12-310001488813cubi:MaturingJune2022Memberus-gaap:SeniorNotesMember2019-01-012019-12-310001488813cubi:MaturingInJune2019Memberus-gaap:SeniorNotesMember2019-12-310001488813cubi:MaturingInJune2019Memberus-gaap:SeniorNotesMember2018-12-310001488813cubi:MaturingInJune2019Memberus-gaap:SeniorNotesMember2019-01-012019-12-310001488813us-gaap:SeniorNotesMember2019-12-310001488813us-gaap:SeniorNotesMember2018-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingDecember2034Member2019-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingDecember2034Member2018-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingDecember2034Member2019-01-012019-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingJune2029Member2019-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingJune2029Member2018-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingJune2029Member2019-01-012019-12-310001488813us-gaap:SeniorSubordinatedNotesMember2019-12-310001488813us-gaap:SeniorSubordinatedNotesMember2018-12-310001488813us-gaap:SeniorSubordinatedNotesMembercubi:MaturingJune2029Memberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-3100014888132013-11-3000014888132019-01-012019-01-3100014888132019-01-31cubi:series0001488813us-gaap:SeriesCPreferredStockMember2019-12-310001488813us-gaap:SeriesCPreferredStockMember2018-12-310001488813us-gaap:SeriesCPreferredStockMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310001488813us-gaap:SeriesDPreferredStockMember2019-12-310001488813us-gaap:SeriesDPreferredStockMember2018-12-310001488813us-gaap:SeriesDPreferredStockMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310001488813us-gaap:SeriesEPreferredStockMember2019-12-310001488813us-gaap:SeriesEPreferredStockMember2018-12-310001488813us-gaap:SeriesEPreferredStockMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-310001488813us-gaap:SeriesFPreferredStockMember2019-12-310001488813us-gaap:SeriesFPreferredStockMember2018-12-310001488813us-gaap:SeriesFPreferredStockMemberus-gaap:LondonInterbankOfferedRateLIBORMember2019-01-012019-12-31cubi:yearcubi:SERP_retirement_age0001488813cubi:TwoThousandAndNineteenPlanMember2019-01-012019-12-310001488813cubi:TwoThousandTenPlanMember2019-01-012019-12-310001488813cubi:TwoThousandFourPlanMember2019-01-012019-12-310001488813cubi:BonusRecognitionAndRetentionProgramMembersrt:MinimumMember2019-01-012019-12-310001488813cubi:BonusRecognitionAndRetentionProgramMembersrt:MaximumMember2019-01-012019-12-310001488813cubi:BonusRecognitionAndRetentionProgramMember2019-12-310001488813cubi:EmployeeStockPurchasePlanMember2019-01-012019-12-310001488813cubi:EmployeeStockPurchasePlanMember2018-01-012018-12-310001488813cubi:EmployeeStockPurchasePlanMember2017-01-012017-12-310001488813us-gaap:StockOptionMembersrt:MinimumMember2019-01-012019-12-310001488813srt:MaximumMemberus-gaap:StockOptionMember2019-01-012019-12-310001488813us-gaap:StockOptionMember2019-01-012019-12-310001488813us-gaap:StockOptionMember2018-12-310001488813us-gaap:StockOptionMember2019-12-310001488813cubi:NonVestedOptionsMember2018-12-310001488813cubi:NonVestedOptionsMember2019-01-012019-12-310001488813cubi:VestedOptionsMemberMember2019-01-012019-12-310001488813cubi:NonVestedOptionsMember2019-12-310001488813us-gaap:RestrictedStockMember2019-01-012019-12-310001488813cubi:BonusRecognitionAndRetentionProgramMemberus-gaap:RestrictedStockMember2019-01-012019-12-310001488813cubi:BonusRecognitionAndRetentionProgramMembercubi:CliffMemberus-gaap:RestrictedStockMember2019-01-012019-12-310001488813cubi:A2004And2019PlanMemberus-gaap:RestrictedStockMember2019-01-012019-12-310001488813cubi:A2004And2019PlanMembercubi:WaterfallMemberus-gaap:RestrictedStockMember2019-01-012019-12-310001488813cubi:A2004And2019PlanMembercubi:CliffMemberus-gaap:RestrictedStockMember2019-01-012019-12-310001488813us-gaap:RestrictedStockMember2018-12-310001488813us-gaap:RestrictedStockMember2019-12-310001488813us-gaap:CommonStockMembersrt:DirectorMember2019-01-012019-12-310001488813us-gaap:DomesticCountryMember2019-12-310001488813us-gaap:StateAndLocalJurisdictionMember2019-12-310001488813us-gaap:LetterOfCreditMembersrt:AffiliatedEntityMember2019-12-310001488813us-gaap:LetterOfCreditMembersrt:AffiliatedEntityMember2018-12-310001488813srt:DirectorMember2019-12-310001488813srt:DirectorMember2018-12-310001488813cubi:CustomersBankMember2019-12-310001488813cubi:CustomersBankMember2018-12-3100014888132015-01-010001488813cubi:CustomersBancorpIncMember2019-01-010001488813us-gaap:FairValueInputsLevel1Member2019-12-310001488813us-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueInputsLevel1Member2018-12-310001488813us-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateNoteSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:DerivativeMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membercubi:LoansHeldForSaleFairValueMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membercubi:LoansReceivableFairValueMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMember2019-12-310001488813cubi:ImpairedLoansMember2019-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMember2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMember2019-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembercubi:OtherRealEstateOwnedMember2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Membercubi:OtherRealEstateOwnedMember2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Membercubi:OtherRealEstateOwnedMember2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:OtherRealEstateOwnedMember2019-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMember2019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateNoteSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateNoteSecuritiesMemberus-gaap:AvailableforsaleSecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:DerivativeMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:DerivativeMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membercubi:LoansHeldForSaleFairValueMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansHeldForSaleFairValueMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Membercubi:LoansReceivableFairValueMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMembercubi:LoansReceivableFairValueMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMember2018-12-310001488813cubi:ImpairedLoansMember2018-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMember2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:ImpairedLoansMember2018-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMembercubi:OtherRealEstateOwnedMember2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Membercubi:OtherRealEstateOwnedMember2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Membercubi:OtherRealEstateOwnedMember2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMembercubi:OtherRealEstateOwnedMember2018-12-310001488813us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsNonrecurringMember2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Member2018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Member2017-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Member2018-01-012018-12-310001488813us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageMemberus-gaap:FairValueInputsLevel3Member2019-12-310001488813us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel3Member2019-01-012019-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:RealEstateMembercubi:CollateralAppraisalMember2019-12-310001488813cubi:ImpairedLoansMembersrt:MinimumMemberus-gaap:RealEstateMembercubi:CollateralAppraisalMember2019-12-310001488813srt:MaximumMembercubi:ImpairedLoansMemberus-gaap:RealEstateMembercubi:CollateralAppraisalMember2019-12-310001488813cubi:ImpairedLoansMemberus-gaap:RealEstateMembercubi:CollateralAppraisalMember2019-12-310001488813cubi:ImpairedLoansMembersrt:MinimumMemberus-gaap:RealEstateMembercubi:BusinessAssetValuationMember2019-12-310001488813srt:MaximumMembercubi:ImpairedLoansMemberus-gaap:RealEstateMembercubi:BusinessAssetValuationMember2019-12-310001488813cubi:ImpairedLoansMemberus-gaap:RealEstateMembercubi:BusinessAssetValuationMember2019-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMembercubi:CommercialandIndustrialMembercubi:BusinessAssetValuationMember2019-12-310001488813cubi:ImpairedLoansMembercubi:CommercialandIndustrialMembersrt:MinimumMembercubi:BusinessAssetValuationMember2019-12-310001488813srt:MaximumMembercubi:ImpairedLoansMembercubi:CommercialandIndustrialMembercubi:BusinessAssetValuationMember2019-12-310001488813cubi:ImpairedLoansMembercubi:CommercialandIndustrialMembercubi:BusinessAssetValuationMember2019-12-310001488813cubi:ImpairedLoansMembercubi:CommercialandIndustrialMembersrt:MinimumMembercubi:CollateralAppraisalMember2019-12-310001488813srt:MaximumMembercubi:ImpairedLoansMembercubi:CommercialandIndustrialMembercubi:CollateralAppraisalMember2019-12-310001488813cubi:ImpairedLoansMembercubi:CommercialandIndustrialMembercubi:CollateralAppraisalMember2019-12-310001488813us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MinimumMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813srt:MaximumMemberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMembercubi:CollateralAppraisalMember2019-12-310001488813srt:MinimumMembercubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2019-12-310001488813srt:MaximumMembercubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2019-12-310001488813cubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2019-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001488813us-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2019-12-310001488813srt:MaximumMemberus-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMember2019-12-310001488813us-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMember2019-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:RealEstateMembercubi:CollateralAppraisalMember2018-12-310001488813cubi:ImpairedLoansMembersrt:MinimumMembercubi:CollateralAppraisalMember2018-12-310001488813srt:MaximumMembercubi:ImpairedLoansMembercubi:CollateralAppraisalMember2018-12-310001488813cubi:ImpairedLoansMembercubi:CollateralAppraisalMember2018-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMembercubi:CommercialandIndustrialMembercubi:BusinessAssetValuationMember2018-12-310001488813cubi:ImpairedLoansMembersrt:MinimumMembercubi:BusinessAssetValuationMember2018-12-310001488813srt:MaximumMembercubi:ImpairedLoansMembercubi:BusinessAssetValuationMember2018-12-310001488813cubi:ImpairedLoansMembercubi:BusinessAssetValuationMember2018-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMembercubi:CollateralAppraisalMember2018-12-310001488813srt:MinimumMembercubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2018-12-310001488813srt:MaximumMembercubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2018-12-310001488813cubi:CollateralAppraisalMembercubi:OtherRealEstateOwnedMember2018-12-310001488813us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:MarketApproachValuationTechniqueMember2018-12-310001488813us-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2018-12-310001488813srt:MaximumMemberus-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMember2018-12-310001488813us-gaap:MortgagesMemberus-gaap:MarketApproachValuationTechniqueMember2018-12-31cubi:Swap0001488813us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateCapMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateCapMember2018-12-310001488813us-gaap:NondesignatedMembersrt:MinimumMember2019-01-012019-12-310001488813us-gaap:NondesignatedMembersrt:MaximumMember2019-01-012019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2019-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2019-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateCapMemberus-gaap:OtherAssetsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateCapMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMemberus-gaap:OtherAssetsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateLockCommitmentsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2019-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2018-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2018-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2018-12-310001488813us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherLiabilitiesMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateSwapMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:InterestRateSwapMemberus-gaap:OtherLiabilitiesMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMemberus-gaap:OtherAssetsMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:CreditRiskContractMemberus-gaap:OtherLiabilitiesMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMemberus-gaap:InterestRateLockCommitmentsMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherLiabilitiesMember2018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2019-01-012019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2018-01-012018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateSwapMember2017-01-012017-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateCapMember2019-01-012019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateCapMember2018-01-012018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:InterestRateCapMember2017-01-012017-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:CreditRiskContractMember2019-01-012019-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:CreditRiskContractMember2018-01-012018-12-310001488813us-gaap:NondesignatedMemberus-gaap:OtherIncomeMemberus-gaap:CreditRiskContractMember2017-01-012017-12-310001488813us-gaap:NondesignatedMembercubi:MortgageBankingRevenueMemberus-gaap:InterestRateLockCommitmentsMember2019-01-012019-12-310001488813us-gaap:NondesignatedMembercubi:MortgageBankingRevenueMemberus-gaap:InterestRateLockCommitmentsMember2018-01-012018-12-310001488813us-gaap:NondesignatedMembercubi:MortgageBankingRevenueMemberus-gaap:InterestRateLockCommitmentsMember2017-01-012017-12-310001488813us-gaap:NondesignatedMember2019-01-012019-12-310001488813us-gaap:NondesignatedMember2018-01-012018-12-310001488813us-gaap:NondesignatedMember2017-01-012017-12-310001488813us-gaap:InterestRateSwapMember2019-01-012019-12-310001488813us-gaap:InterestRateSwapMember2018-01-012018-12-310001488813us-gaap:InterestRateSwapMember2017-01-012017-12-310001488813us-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2019-01-012019-12-310001488813us-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2018-01-012018-12-310001488813us-gaap:InterestExpenseMemberus-gaap:InterestRateSwapMember2017-01-012017-12-310001488813us-gaap:OtherIncomeMemberus-gaap:InterestRateContractMember2019-01-012019-12-310001488813us-gaap:OtherIncomeMemberus-gaap:InterestRateContractMember2018-01-012018-12-310001488813us-gaap:OtherIncomeMemberus-gaap:InterestRateContractMember2017-01-012017-12-310001488813us-gaap:InterestRateContractMember2019-01-012019-12-310001488813us-gaap:InterestRateContractMember2018-01-012018-12-310001488813us-gaap:InterestRateContractMember2017-01-012017-12-310001488813us-gaap:InterestRateSwapMember2019-12-310001488813us-gaap:InterestRateSwapMember2018-12-310001488813cubi:HalbreinerMatterMember2019-12-122019-12-120001488813cubi:UnitedStatesDepartmentOfEducationMatterMember2019-12-310001488813srt:MinimumMembercubi:UnitedStatesDepartmentOfEducationMatterMember2019-12-310001488813srt:MaximumMembercubi:UnitedStatesDepartmentOfEducationMatterMember2019-12-310001488813cubi:BureauoftheFiscalServiceMember2019-06-212019-06-210001488813srt:ParentCompanyMember2019-12-310001488813srt:ParentCompanyMember2018-12-310001488813srt:GuarantorSubsidiariesMember2019-12-310001488813srt:GuarantorSubsidiariesMember2018-12-310001488813srt:NonGuarantorSubsidiariesMember2019-12-310001488813srt:NonGuarantorSubsidiariesMember2018-12-310001488813srt:ParentCompanyMember2019-01-012019-12-310001488813srt:ParentCompanyMember2017-12-310001488813srt:ParentCompanyMember2016-12-3100014888132019-10-012019-12-3100014888132019-07-012019-09-3000014888132019-04-012019-06-3000014888132019-01-012019-03-3100014888132018-10-012018-12-3100014888132018-07-012018-09-3000014888132018-04-012018-06-3000014888132018-01-012018-03-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2019-01-012019-12-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2018-01-012018-12-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2017-01-012017-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2019-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2019-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2018-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2018-12-310001488813us-gaap:MaterialReconcilingItemsMember2019-01-012019-12-310001488813us-gaap:MaterialReconcilingItemsMember2018-01-012018-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:OperatingSegmentsMembercubi:CustomersBankBusinessBankingMember2017-12-310001488813us-gaap:OperatingSegmentsMembercubi:BankMobileMember2017-12-310001488813us-gaap:MaterialReconcilingItemsMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813us-gaap:DepositAccountMembercubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2019-01-012019-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:TransferredAtPointInTimeMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMembercubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2019-01-012019-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMembercubi:BankMobileMember2019-01-012019-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredOverTimeMember2019-01-012019-12-310001488813us-gaap:TransferredOverTimeMembercubi:BankMobileMember2019-01-012019-12-310001488813us-gaap:TransferredOverTimeMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMember2019-01-012019-12-310001488813cubi:BankMobileMember2019-01-012019-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813us-gaap:DepositAccountMembercubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2018-01-012018-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:TransferredAtPointInTimeMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMembercubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2018-01-012018-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMembercubi:BankMobileMember2018-01-012018-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredOverTimeMember2018-01-012018-12-310001488813us-gaap:TransferredOverTimeMembercubi:BankMobileMember2018-01-012018-12-310001488813us-gaap:TransferredOverTimeMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMember2018-01-012018-12-310001488813cubi:BankMobileMember2018-01-012018-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:CreditAndDebitCardMemberus-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813us-gaap:DepositAccountMembercubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:DepositAccountMemberus-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2017-01-012017-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:UniversityFeesCardandDisbursementFeesMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813us-gaap:TransferredAtPointInTimeMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:TransferredAtPointInTimeMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMembercubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2017-01-012017-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMembercubi:BankMobileMember2017-01-012017-12-310001488813cubi:UniversityFeesSubscriptionRevenueMemberus-gaap:TransferredOverTimeMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMemberus-gaap:TransferredOverTimeMember2017-01-012017-12-310001488813us-gaap:TransferredOverTimeMembercubi:BankMobileMember2017-01-012017-12-310001488813us-gaap:TransferredOverTimeMember2017-01-012017-12-310001488813cubi:CustomersBankBusinessBankingMember2017-01-012017-12-310001488813cubi:BankMobileMember2017-01-012017-12-310001488813srt:MinimumMembercubi:BankMobileMember2019-01-012019-12-310001488813srt:MaximumMembercubi:BankMobileMember2019-01-012019-12-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________________________________

FORM 10-K

________________________________________

☒			ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019
☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from                      to                     .

001-35542

(Commission File Number)

 

(Exact name of registrant as specified in its charter)

1015 Penn Avenue

Suite 103

Wyomissing PA 19610

(Address of principal executive offices)

(610) 933-2000

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(g) of the Act: None

________________________________________ 

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨    No  x

Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” "accelerated filer," “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check One): 

Large accelerated filer

x

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ☐    No  x

The aggregate market value of common stock held by non-affiliates of the registrant was approximately $605,709,575 as of June 30, 2019, based upon the closing price quoted on the New York Stock Exchange for such date. Shares of common stock held by each executive officer and director have been excluded because such persons may under certain circumstances be deemed to be affiliates. This determination of executive officer or affiliate status is not necessarily a conclusive determination for other purposes.

On February 25, 2020, 31,381,499 shares of common stock were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement to be delivered to shareholders in connection with the 2020 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report.

INDEX

						PAGE
PART I
Item 1.			Business			8
Item 1A.			Risk Factors			23
Item 1B.			Unresolved Staff Comments			51
Item 2.			Properties			51
Item 3.			Legal Proceedings			51
Item 4.			Mine Safety Disclosures			51
PART II
Item 5.			Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities			52
Item 6.			Selected Financial Data			54
Item 7.			Management’s Discussion and Analysis of Financial Condition and Results of Operations			56
Item 7A.			Quantitative and Qualitative Disclosures about Market Risk			83
Item 8.			Financial Statements and Supplementary Data			85
Item 9.			Changes in and Disagreements with Accountants on Accounting and Financial Disclosure			156
Item 9A.			Controls and Procedures			156
Item 9B.			Other Information			157
PART III
Item 10.			Directors, Executive Officers and Corporate Governance			158
Item 11.			Executive Compensation			158
Item 12.			Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters			158
Item 13.			Certain Relationships and Related Transactions, and Director Independence			158
Item 14.			Principal Accounting Fees and Services			158
PART IV
Item 15.			Exhibits and Financial Statement Schedules			159
Item 16.			Form 10-K Summary			162
			SIGNATURES			163

FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K, as well as other written or oral communications made from time to time by us, contains forward-looking information within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to future events or future predictions, including events or predictions relating to future financial performance, and are generally identifiable by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “plan,” “intend,” or “anticipate” or the negative thereof or comparable terminology. Forward-looking statements reflect numerous assumptions, estimates and forecasts as to future events. No assurance can be given that the assumptions, estimates and forecasts underlying such forward-looking statements will accurately reflect future conditions, or that any guidance, goals, targets or projected results will be realized. The assumptions, estimates and forecasts underlying such forward-looking statements involve judgments with respect to, among other things, future economic, competitive, regulatory and financial market conditions and future business decisions, which may not be realized and which are inherently subject to significant business, economic, competitive and regulatory uncertainties and known and unknown risks, including the risks described under “Risk Factors” in this Annual Report on Form 10-K, as such factors may be updated from time to time in our filings with the SEC, including our Quarterly Reports on Form 10-Q. Our actual results may differ materially from those reflected in the forward-looking statements.

In addition to the risks described in the “Risk Factors” section of this Annual Report on Form 10-K and the other reports we file with the SEC, important factors to consider and evaluate with respect to such forward-looking statements include:

•changes in external competitive market factors that might impact our results of operations;

•changes in laws and regulations, including, without limitation, changes in capital requirements under Basel III;

•changes in our business strategy or an inability to execute our strategy due to the occurrence of unanticipated events;

•our ability to identify potential candidates for, and consummate, acquisition or investment transactions;

•the timing of acquisition, investment or disposition transactions;

•constraints on our ability to consummate an attractive acquisition or investment transaction because of significant competition for those opportunities;

•local, regional and national economic conditions and events and the impact they may have on us and our customers;

•costs and effects of regulatory and legal developments, including the results of regulatory examinations and the outcome of regulatory or other governmental inquiries and proceedings, such as fines or restrictions on our business activities;

•the potential effects of heightened regulatory requirements applicable to banks with assets in excess of $10 billion;

•our ability to attract deposits and other sources of liquidity;

•changes in the financial performance and/or condition of our borrowers;

•changes in the level of our non-performing and classified assets and charge-offs;

•changes in estimates of our future loan loss reserve requirements based upon our periodic review thereof under relevant regulatory and accounting requirements, including the adoption of the Current Expected Credit Losses standard;

•inflation, interest rate, securities market and monetary fluctuations, including the discontinuance of LIBOR;

•timely development and acceptance of new banking products and services and perceived overall value of these products and services by users, including the products and services being developed and introduced to the market by the BankMobile division of Customers Bank;

•changes in consumer spending, borrowing and saving habits;

•technological changes;

•our ability to increase market share and control expenses;

•continued volatility in the credit and equity markets and its effect on the general economy;

•effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the PCAOB, the FASB and other accounting standard setters;

•the businesses of Customers Bank and any acquisition targets or merger partners and subsidiaries not being integrated successfully or such integration being more difficult, time-consuming or costly than expected;

•material differences in the actual financial results of merger and acquisition activities compared with our expectations, such as with respect to the full realization of anticipated cost savings and revenue enhancements within the expected time frame;

•our ability to successfully implement our growth strategy, control expenses and maintain liquidity;

•Customers Bank’s ability to pay dividends to Customers Bancorp;

•risks relating to BankMobile, including:

◦the implementation of Customers Bancorp’s strategy as announced in October 2018 to retain BankMobile for 2-3 years, the possibility that the expected benefits of retaining BankMobile for 2-3 years may not be achieved, or the possible effects on Customers Bancorp’s results of operations if BankMobile is never divested causing Customers Bancorp’s actual results to differ from those in the forward-looking statements;

◦our ability to successfully complete a divestiture of BankMobile and the timing of completion;

◦the ability of Customers and an acquirer of BankMobile to meet all of the conditions to completion of a proposed divestiture;

◦our ability to execute on our White Label strategy to grow demand deposits through strategic partnerships;

◦material variances in the adoption rate of BankMobile’s services by new students;

◦the usage rate of BankMobile’s services by current student customers compared to our expectations;

◦the levels of usage of other BankMobile student customers following graduation of additional product and service offerings of BankMobile or Customers Bank, including mortgages and consumer loans, and the mix of products and services used;

◦our ability to implement changes to BankMobile’s product and service offerings under current and future regulations and governmental policies;

◦our ability to effectively manage revenue and expense fluctuations that may occur with respect to BankMobile’s student-oriented business activities, which result from seasonal factors related to the higher-education academic year; and

◦BankMobile’s ability to successfully implement its growth strategy and control expenses.

•risks related to planned changes in our balance sheet, including:

◦our ability to reduce the size of our multi-family portfolios;

◦our ability to execute our digital distribution strategy;

◦our ability to manage the risks of change in our loan mix to include a greater portion of consumer loans; and

◦our ability to earn increased net interest income to recover reduced interchange income due to the loss of the small issuer exemption to the Durbin Amendment.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. We do not undertake any obligation to release publicly or otherwise provide any revisions to these forward-looking statements we may make, including any forward-looking statements, to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable law.

CUSTOMERS BANCORP, INC. AND SUBSIDIARIES