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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and dividend income        
Loans and leases, including fees $ 73,743 $ 60,699 $ 140,887 $ 118,854
Securities 19,393 2,119 35,440 4,046
Dividends and other interest-earning assets 1,504 2,026 2,553 2,724
Total interest and dividend income 94,640 64,844 178,880 125,624
Interest expense        
Deposits 8,385 6,165 16,492 12,526
Federal Home Loan Bank advances 1,966 290 3,228 643
Securities sold under repurchase agreements 389 0 549 0
Long term debt and other interest-bearing liabilities 2,863 4,285 7,157 6,354
Total interest expense 13,603 10,740 27,426 19,523
Net interest income 81,037 54,104 151,454 106,101
Provision for loan and lease losses 1,769 5,474 2,090 5,474
Net interest income after provision for loan and lease losses 79,268 48,630 149,364 100,627
Noninterest income        
Customer service fees 1,173 1,072 2,021 1,982
Loan servicing income (loss) (3,347) 2,007 (8,635) 1,565
Income from bank owned life insurance 580 47 1,143 106
Net gain (loss) on sale of securities available-for-sale 12,824 0 29,613 (2)
Net gain on sale of loans 2,147 7,838 4,342 12,310
Net revenue on mortgage banking activities 43,795 39,403 77,479 77,336
Advisory service fees 510 4,435 1,507 5,632
Loan brokerage income 759 661 1,633 1,802
Gain on sale of building 0 9,919 0 9,919
Gain on sale of a subsidiary 3,694 0 3,694 0
Other income 3,469 1,311 4,766 2,023
Total noninterest income 65,604 66,693 117,563 112,673
Noninterest expense        
Salaries and employee benefits 61,022 56,120 118,205 105,891
Occupancy and equipment 11,943 10,325 23,683 20,096
Professional fees 6,763 6,689 12,975 10,124
Outside service fees 3,186 1,729 6,249 3,056
Data processing 2,838 2,075 5,032 3,910
Advertising 2,406 1,252 4,233 2,164
Regulatory assessments 1,879 1,376 3,615 2,730
Provision (reversal) for loan repurchases (141) 999 (500) 1,844
Amortization of intangible assets 1,322 1,545 2,644 3,089
Impairment on intangible assets 0 258 0 258
All other expense 8,857 5,552 13,039 10,637
Total noninterest expense 100,075 87,920 189,175 163,799
Income before income taxes 44,797 27,403 77,752 49,501
Income tax expense 18,269 11,479 31,537 21,003
Net income 26,528 15,924 46,215 28,498
Preferred stock dividends 5,114 2,843 9,689 3,753
Net income available to common stockholders $ 21,414 $ 13,081 $ 36,526 $ 24,745
Basic earnings per common share (in usd per share) $ 0.44 $ 0.33 $ 0.81 $ 0.62
Diluted earnings per common share (in usd per share) $ 0.43 $ 0.32 $ 0.79 $ 0.62
Class A Common Stock        
Noninterest expense        
Net income $ 26,471 $ 15,923 $ 46,134 $ 28,482
Preferred stock dividends $ 5,103 $ 2,843 $ 9,672 $ 3,751
Basic earnings per common share (in usd per share) $ 0.44 $ 0.33 $ 0.81 $ 0.62
Diluted earnings per common share (in usd per share) $ 0.43 $ 0.32 $ 0.79 $ 0.62
Class B Common Stock        
Noninterest expense        
Net income $ 57 $ 1 $ 81 $ 16
Preferred stock dividends $ 11 $ 0 $ 17 $ 2
Basic earnings per common share (in usd per share) $ 0.44 $ 0.33 $ 0.81 $ 0.62
Diluted earnings per common share (in usd per share) $ 0.44 $ 0.33 $ 0.81 $ 0.62