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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results of Operations
The following table presents the unaudited quarterly results of operations for the year ended December 31, 2017:
 
 
Three Months Ended,
($ in thousands, except per share data)
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
Interest income
 
$
98,842

 
$
96,440

 
$
96,751

 
$
97,157

Interest expense
 
18,361

 
20,940

 
21,715

 
23,984

Net interest income
 
80,481

 
75,500

 
75,036

 
73,173

Provision for loan losses
 
2,583

 
2,503

 
3,561

 
5,052

Noninterest income
 
14,903

 
5,707

 
18,365

 
5,695

Noninterest expense
 
89,896

 
76,319

 
75,671

 
66,382

Income from continuing operations before income taxes
 
2,905

 
2,385

 
14,169

 
7,434

Income tax benefit
 
(6,471
)
 
(12,753
)
 
(3,939
)
 
(3,418
)
Income from continuing operations
 
9,376

 
15,138

 
18,108

 
10,852

Income (loss) from discontinued operations before income taxes
 
13,348

 
(4,991
)
 
(1,958
)
 
765

Income tax (benefit) expense
 
5,523

 
(2,110
)
 
(799
)
 
315

Income (loss) from discontinued operations
 
7,825

 
(2,881
)
 
(1,159
)
 
450

Net income
 
17,201

 
12,257

 
16,949

 
11,302

Dividends on preferred stock
 
5,113

 
5,113

 
5,112

 
5,113

Net income available to common stockholders
 
$
12,088

 
$
7,144

 
$
11,837

 
$
6,189

Basic earnings per common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.08

 
$
0.20

 
$
0.25

 
$
0.11

Income (loss) from discontinued operations
 
0.15

 
(0.06
)
 
(0.02
)
 
0.01

Net income
 
$
0.23

 
$
0.14

 
$
0.23

 
$
0.12

Diluted earnings per common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.08

 
$
0.20

 
$
0.25

 
$
0.11

Income (loss) from discontinued operations
 
0.15

 
(0.06
)
 
(0.02
)
 
0.01

Net income
 
$
0.23

 
$
0.14

 
$
0.23

 
$
0.12

Basic earnings per class B common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.08

 
$
0.20

 
$
0.25

 
$
0.11

Income (loss) from discontinued operations
 
0.15

 
(0.06
)
 
(0.02
)
 
0.01

Net income
 
$
0.23

 
$
0.14

 
$
0.23

 
$
0.12

Diluted earnings per class B common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.08

 
$
0.20

 
$
0.25

 
$
0.11

Income (loss) from discontinued operations
 
0.15

 
(0.06
)
 
(0.02
)
 
0.01

Net income
 
$
0.23

 
$
0.14

 
$
0.23

 
$
0.12



The following table presents the unaudited quarterly results of operations for the year ended December 31, 2016:
 
 
Three Months Ended,
($ in thousands, except per share data)
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
Interest income
 
$
81,062

 
$
90,929

 
$
98,122

 
$
99,731

Interest expense
 
13,823

 
13,603

 
15,274

 
16,799

Net interest income
 
67,239

 
77,326

 
82,848

 
82,932

Provision for loan losses
 
321

 
1,769

 
2,592

 
589

Noninterest income
 
21,193

 
22,903

 
22,030

 
32,504

Noninterest expense
 
59,144

 
65,053

 
86,123

 
92,895

Income from continuing operations before income taxes
 
28,967

 
33,407

 
16,163

 
21,952

Income tax (benefit) expense
 
11,661

 
13,647

 
(9,016
)
 
(2,543
)
Income from continuing operations
 
17,306

 
19,760

 
25,179

 
24,495

Income from discontinued operations before income taxes
 
3,988

 
11,390

 
18,574

 
14,965

Income tax expense
 
1,607

 
4,622

 
7,816

 
6,196

Income from discontinued operations
 
2,381

 
6,768

 
10,758

 
8,769

Net income
 
19,687

 
26,528

 
35,937

 
33,264

Dividends on preferred stock
 
4,575

 
5,114

 
5,112

 
5,113

Net income available to common stockholders
 
$
15,112

 
$
21,414

 
$
30,825

 
$
28,151

Basic earnings per common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.30

 
$
0.30

 
$
0.38

 
$
0.37

Income (loss) from discontinued operations
 
0.06

 
0.14

 
0.22

 
0.18

Net income
 
$
0.36

 
$
0.44

 
$
0.60

 
$
0.55

Diluted earnings per common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.30

 
$
0.29

 
$
0.38

 
$
0.36

Income (loss) from discontinued operations
 
0.06

 
0.14

 
0.21

 
0.18

Net income
 
$
0.36

 
$
0.43

 
$
0.59

 
$
0.54

Basic earnings per class B common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.30

 
$
0.30

 
$
0.38

 
$
0.37

Income (loss) from discontinued operations
 
0.06

 
0.14

 
0.22

 
0.18

Net income
 
$
0.36

 
$
0.44

 
$
0.60

 
$
0.55

Diluted earnings per class B common share
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.30

 
$
0.30

 
$
0.38

 
$
0.37

Income (loss) from discontinued operations
 
0.06

 
0.14

 
0.22

 
0.18

Net income
 
$
0.36

 
$
0.44

 
$
0.60

 
$
0.55