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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and dividend income        
Loans and leases, including fees $ 70,208 $ 76,257 $ 209,376 $ 210,255
Securities 24,337 19,934 76,572 55,374
Other interest-earning assets 2,206 1,931 6,085 4,484
Total interest and dividend income 96,751 98,122 292,033 270,113
Interest expense        
Deposits 15,468 11,224 44,370 27,716
Federal Home Loan Bank advances 3,352 1,413 7,549 4,641
Securities sold under repurchase agreements 500 48 686 597
Long term debt and other interest-bearing liabilities 2,395 2,589 8,411 9,746
Total interest expense 21,715 15,274 61,016 42,700
Net interest income 75,036 82,848 231,017 227,413
Provision for loan and lease losses 3,561 2,592 8,647 4,682
Net interest income after provision for loan and lease losses 71,475 80,256 222,370 222,731
Noninterest income        
Customer service fees 1,576 1,566 4,868 3,587
Loan servicing income (loss) 553 74 3,441 (4,066)
Income from bank owned life insurance 583 595 1,780 1,738
Net gain on sale of securities available-for-sale 7,625 487 12,080 30,100
Net gain on sale of loans 5,735 11,063 10,737 15,405
Loan brokerage income 0 1,298 1,061 2,920
Gain on sale of subsidiary 0 0 0 3,694
Other income 2,293 6,947 5,008 12,748
Total noninterest income 18,365 22,030 38,975 66,126
Noninterest expense        
Salaries and employee benefits 30,216 37,133 96,007 103,347
Occupancy and equipment 10,085 10,036 30,529 28,034
Professional fees 7,697 6,482 34,564 18,811
Outside service fees 881 1,613 3,883 5,258
Data processing 1,901 2,112 6,326 5,954
Advertising 1,051 1,900 3,893 4,115
Regulatory assessments 2,350 2,125 5,931 5,740
Loss on investments in alternative energy partnerships 8,348 17,660 26,791 17,660
Provision (reversal) for loan repurchases (749) 49 (1,477) (451)
Amortization of intangible assets 916 1,179 3,062 3,823
Impairment on intangible assets 0 0 336 0
Restructuring expense 0 0 5,369 0
All other expense 12,975 5,834 26,672 18,029
Total noninterest expense 75,671 86,123 241,886 210,320
Income from continuing operations before income taxes 14,169 16,163 19,459 78,537
Income tax (benefit) expense (3,939) (9,016) (23,163) 16,292
Income from continuing operations 18,108 25,179 42,622 62,245
Income (loss) from discontinued operations before income taxes (including net gain on disposal of $211 and $13,749 for the three and nine months ended September 30, 2017, respectively) (1,958) 18,574 6,399 33,952
Income tax (benefit) expense (799) 7,816 2,614 14,045
Income (loss) from discontinued operations (1,159) 10,758 3,785 19,907
Net income 16,949 35,937 46,407 82,152
Preferred stock dividends 5,112 5,112 15,338 14,801
Net income available to common stockholders $ 11,837 $ 30,825 $ 31,069 $ 67,351
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.25 $ 0.38 $ 0.52 $ 0.99
Income (loss) from discontinued operations (in usd per share) (0.02) 0.22 0.08 0.43
Net income (in usd per share) 0.23 0.60 0.60 1.42
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.25 0.38 0.52 0.97
Income (loss) from discontinued operations (in usd per share) (0.02) 0.21 0.07 0.43
Net income (in usd per share) $ 0.23 $ 0.59 $ 0.59 $ 1.40
Class A Common Stock        
Noninterest expense        
Income from continuing operations $ 17,980 $ 25,097 $ 42,384 $ 62,102
Income (loss) from discontinued operations (1,151) 10,723 3,764 19,861
Preferred stock dividends $ 5,076 $ 5,095 $ 15,252 $ 14,767
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.25 $ 0.38 $ 0.52 $ 0.99
Income (loss) from discontinued operations (in usd per share) (0.02) 0.22 0.08 0.43
Net income (in usd per share) 0.23 0.60 0.60 1.42
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.25 0.38 0.52 0.97
Income (loss) from discontinued operations (in usd per share) (0.02) 0.21 0.07 0.43
Net income (in usd per share) $ 0.23 $ 0.59 $ 0.59 $ 1.40
Class B Common Stock        
Noninterest expense        
Income from continuing operations $ 128 $ 82 $ 238 $ 143
Income (loss) from discontinued operations (8) 35 21 46
Preferred stock dividends $ 36 $ 17 $ 86 $ 34
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.25 $ 0.38 $ 0.52 $ 0.99
Income (loss) from discontinued operations (in usd per share) (0.02) 0.22 0.08 0.43
Net income (in usd per share) 0.23 0.60 0.60 1.42
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.25 0.38 0.52 0.99
Income (loss) from discontinued operations (in usd per share) (0.02) 0.22 0.08 0.43
Net income (in usd per share) $ 0.23 $ 0.60 $ 0.60 $ 1.42