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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income    
Loans and leases, including fees $ 74,912 $ 69,507
Securities 21,631 27,239
Other interest-earning assets 2,164 2,096
Total interest and dividend income 98,707 98,842
Interest expense    
Deposits 16,795 13,960
Federal Home Loan Bank advances 7,392 1,423
Securities sold under repurchase agreements 750 6
Long term debt and other interest-bearing liabilities 2,332 2,972
Total interest expense 27,269 18,361
Net interest income 71,438 80,481
Provision for loan and lease losses 19,499 2,583
Net interest income after provision for loan and lease losses 51,939 77,898
Noninterest income    
Customer service fees 1,592 1,623
Loan servicing income 2,311 2,756
Income from bank owned life insurance 533 581
Net gain on sale of securities available-for-sale 5,241 3,356
Net gain (loss) on sale of loans (41) 4,019
Net loss on sale of mortgage servicing rights (2,295) 0
Other income 1,241 2,568
Total noninterest income 8,582 14,903
Noninterest expense    
Salaries and employee benefits 31,115 32,443
Occupancy and equipment 7,687 10,668
Professional fees 9,177 15,073
Outside service fees 2,546 1,883
Data processing 1,656 2,179
Advertising and promotion 3,277 1,725
Regulatory assessments 2,092 2,441
(Gain) loss on investments in alternative energy partnerships (34) 8,682
Reversal of provision for loan repurchases (1,788) (325)
Amortization of intangible assets 843 1,090
Impairment on intangible assets 0 336
Restructuring expense 0 5,287
All other expense 3,229 8,414
Total noninterest expense 59,800 89,896
Income from continuing operations before income taxes 721 2,905
Income tax benefit (6,353) (6,471)
Income from continuing operations 7,074 9,376
Income from discontinued operations before income taxes (including net gain on disposal of $1,003 and $13,302, respectively, for the three months ended March 31, 2018 and 2017) 2,044 13,348
Income tax expense 560 5,523
Income from discontinued operations 1,484 7,825
Net income 8,558 17,201
Preferred stock dividends 5,113 5,113
Net income available to common stockholders $ 3,445 $ 12,088
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.03 $ 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) 0.06 0.23
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.03 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) $ 0.06 $ 0.23
Class A Common Stock    
Noninterest expense    
Income from continuing operations $ 7,003 $ 9,338
Income from discontinued operations 1,469 7,793
Preferred stock dividends $ 5,062 $ 5,092
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.03 $ 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) 0.06 0.23
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.03 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) $ 0.06 $ 0.23
Class B Common Stock    
Noninterest expense    
Income from continuing operations $ 71 $ 38
Income from discontinued operations 15 32
Preferred stock dividends $ 51 $ 21
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.03 $ 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) 0.06 0.23
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.03 0.08
Income (loss) from discontinued operations (in usd per share) 0.03 0.15
Net income (in usd per share) $ 0.06 $ 0.23