XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans and leases, including fees $ 69,661 $ 70,032 $ 139,168 $ 133,998
Securities 24,996 19,393 52,235 35,440
Other interest-earning assets 1,783 1,504 3,879 2,553
Total interest and dividend income 96,440 90,929 195,282 171,991
Interest expense        
Deposits 14,942 8,385 28,902 16,492
Federal Home Loan Bank advances 2,774 1,966 4,197 3,228
Securities sold under repurchase agreements 180 389 186 549
Long term debt and other interest-bearing liabilities 3,044 2,863 6,016 7,157
Total interest expense 20,940 13,603 39,301 27,426
Net interest income 75,500 77,326 155,981 144,565
Provision for loan and lease losses 2,503 1,769 5,086 2,090
Net interest income after provision for loan and lease losses 72,997 75,557 150,895 142,475
Noninterest income        
Customer service fees 1,669 1,173 3,292 2,021
Loan servicing income (loss) 132 (1,935) 2,888 (4,140)
Income from bank owned life insurance 616 580 1,197 1,143
Net gain on sale of securities available-for-sale 1,099 12,824 4,455 29,613
Net gain on sale of loans 983 2,147 5,002 4,342
Loan brokerage income 34 721 1,061 1,622
Gain on sale of subsidiary 0 3,694 0 3,694
Other income 1,174 3,699 2,715 5,801
Total noninterest income 5,707 22,903 20,610 44,096
Noninterest expense        
Salaries and employee benefits 33,348 32,745 65,791 66,214
Occupancy and equipment 9,776 9,057 20,444 17,998
Professional fees 11,794 6,426 26,867 12,329
Outside service fees 1,119 2,020 3,002 3,645
Data processing 2,246 2,156 4,425 3,842
Advertising 1,117 1,229 2,842 2,215
Regulatory assessments 1,140 1,879 3,581 3,615
Loss on investments in alternative energy partnerships 9,761 0 18,443 0
Reversal for loan repurchases (403) (141) (728) (500)
Amortization of intangible assets 1,056 1,322 2,146 2,644
Impairment on intangible assets 0 0 336 0
Restructuring expense 82 0 5,369 0
All other expense 5,283 8,360 13,697 12,195
Total noninterest expense 76,319 65,053 166,215 124,197
Income from continuing operations before income taxes 2,385 33,407 5,290 62,374
Income tax (benefit) expense (12,753) 13,647 (19,224) 25,308
Income from continuing operations 15,138 19,760 24,514 37,066
Income (loss) from discontinued operations before income taxes (including net gain on disposal of $236 and $13,538 for the three and six months ended June 30, 2017, respectively) (4,991) 11,390 8,357 15,378
Income tax (benefit) expense (2,110) 4,622 3,413 6,229
Income (loss) from discontinued operations (2,881) 6,768 4,944 9,149
Net income 12,257 26,528 29,458 46,215
Preferred stock dividends 5,113 5,114 10,226 9,689
Net income available to common stockholders $ 7,144 $ 21,414 $ 19,232 $ 36,526
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.20 $ 0.30 $ 0.27 $ 0.60
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.21
Net income (in usd per share) 0.14 0.44 0.37 0.81
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.20 0.29 0.27 0.59
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.20
Net income (in usd per share) $ 0.14 $ 0.43 $ 0.37 $ 0.79
Class A Common Stock        
Noninterest expense        
Income from continuing operations $ 15,054 $ 19,718 $ 24,396 $ 37,001
Income (loss) from discontinued operations (2,865) 6,753 4,920 9,133
Preferred stock dividends $ 5,085 $ 5,103 $ 10,177 $ 9,672
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.20 $ 0.30 $ 0.27 $ 0.60
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.21
Net income (in usd per share) 0.14 0.44 0.37 0.81
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.20 0.29 0.27 0.59
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.20
Net income (in usd per share) $ 0.14 $ 0.43 $ 0.37 $ 0.79
Class B Common Stock        
Noninterest expense        
Income from continuing operations $ 84 $ 42 $ 118 $ 65
Income (loss) from discontinued operations (16) 15 24 16
Preferred stock dividends $ 28 $ 11 $ 49 $ 17
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.20 $ 0.30 $ 0.27 $ 0.60
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.21
Net income (in usd per share) 0.14 0.44 0.37 0.81
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.20 0.30 0.27 0.60
Income (loss) from discontinued operations (in usd per share) (0.06) 0.14 0.10 0.21
Net income (in usd per share) $ 0.14 $ 0.44 $ 0.37 $ 0.81