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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Loans and leases, including fees $ 81,307 $ 69,661 $ 156,219 $ 139,168
Securities 21,455 24,996 43,086 52,235
Other interest-earning assets 2,423 1,783 4,587 3,879
Total interest and dividend income 105,185 96,440 203,892 195,282
Interest expense        
Deposits 20,315 14,942 37,110 28,902
Federal Home Loan Bank advances 9,539 2,774 16,931 4,197
Securities sold under repurchase agreements 211 180 961 186
Long term debt and other interest-bearing liabilities 2,356 3,044 4,688 6,016
Total interest expense 32,421 20,940 59,690 39,301
Net interest income 72,764 75,500 144,202 155,981
Provision for loan and lease losses 2,653 2,503 22,152 5,086
Net interest income after provision for loan and lease losses 70,111 72,997 122,050 150,895
Noninterest income        
Customer service fees 1,491 1,669 3,083 3,292
Loan servicing income 948 132 3,259 2,888
Income from bank owned life insurance 533 616 1,066 1,197
Net gain on sale of securities available-for-sale 278 1,099 5,519 4,455
Net gain on sale of loans 821 983 780 5,002
Net loss on sale of mortgage servicing rights (155) 0 (2,450) 0
Other income 4,145 1,208 5,386 3,776
Total noninterest income 8,061 5,707 16,643 20,610
Noninterest expense        
Salaries and employee benefits 29,440 33,348 60,555 65,791
Occupancy and equipment 7,883 9,776 15,570 20,444
Professional fees 6,303 11,794 15,480 26,867
Outside service fees 413 1,119 2,959 3,002
Data processing 1,678 2,246 3,334 4,425
Advertising and promotion 2,864 1,117 6,141 2,842
Regulatory assessments 2,196 1,140 4,288 3,581
Loss on investments in alternative energy partnerships 1,808 9,761 1,774 18,443
Reversal of provision for loan repurchases (218) (403) (2,006) (728)
Amortization of intangible assets 827 1,056 1,670 2,146
Impairment on intangible assets 0 0 0 336
Restructuring expense 3,983 82 3,983 5,369
All other expense 5,362 5,283 8,591 13,697
Total noninterest expense 62,539 76,319 122,339 166,215
Income from continuing operations before income taxes 15,633 2,385 16,354 5,290
Income tax expense (benefit) 1,779 (12,753) (4,574) (19,224)
Income from continuing operations 13,854 15,138 20,928 24,514
Income from discontinued operations before income taxes (including net gain on disposal of $272 and $236, respectively, for the three months ended June 30, 2018 and 2017 and $1,275 and $13,538, respectively, for the six months ended June 30, 2018 and 2017) 1,281 (4,991) 3,325 8,357
Income tax expense (benefit) 355 (2,110) 915 3,413
Income (loss) from discontinued operations 926 (2,881) 2,410 4,944
Net income 14,780 12,257 23,338 29,458
Preferred stock dividends 5,113 5,113 10,226 10,226
Net income available to common stockholders $ 9,667 $ 7,144 $ 13,112 $ 19,232
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.17 $ 0.20 $ 0.20 $ 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) 0.19 0.14 0.25 0.37
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.16 0.20 0.20 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) $ 0.18 $ 0.14 $ 0.25 $ 0.37
Class A Common Stock        
Noninterest expense        
Income from continuing operations $ 13,709 $ 15,054 $ 20,713 $ 24,396
Income (loss) from discontinued operations 916 (2,865) 2,385 4,920
Preferred stock dividends $ 5,059 $ 5,085 $ 10,121 $ 10,177
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.17 $ 0.20 $ 0.20 $ 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) 0.19 0.14 0.25 0.37
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.16 0.20 0.20 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) $ 0.18 $ 0.14 $ 0.25 $ 0.37
Class B Common Stock        
Noninterest expense        
Income from continuing operations $ 145 $ 84 $ 215 $ 118
Income (loss) from discontinued operations 10 (16) 25 24
Preferred stock dividends $ 54 $ 28 $ 105 $ 49
Basic earnings per common share        
Income from continuing operations (in usd per share) $ 0.17 $ 0.20 $ 0.20 $ 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) 0.19 0.14 0.25 0.37
Diluted earnings per common share        
Income from continuing operations (in usd per share) 0.17 0.20 0.20 0.27
Income (loss) from discontinued operations (in usd per share) 0.02 (0.06) 0.05 0.10
Net income (in usd per share) $ 0.19 $ 0.14 $ 0.25 $ 0.37