XML 51 R37.htm IDEA: XBRL DOCUMENT
v3.10.0.1

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | 12 Months Ended
--- | ---
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following table presents the unaudited quarterly results of operations for the year ended December 31, 2018:
|  | Three Months Ended,
($ in thousands, except per share data) |  | March 31, 2018 |  | June 30, 2018 |  | September 30, 2018 |  | December 31, 2018
Interest income |  | $ | 98,707 |  |  | $ | 105,185 |  |  | $ | 107,774 |  |  | $ | 111,130 |
Interest expense |  | 27,269 |  |  | 32,421 |  |  | 36,582 |  |  | 40,448 |
Net interest income |  | 71,438 |  |  | 72,764 |  |  | 71,192 |  |  | 70,682 |
Provision for loan losses |  | 19,499 |  |  | 2,653 |  |  | 1,410 |  |  | 6,653 |
Noninterest income |  | 8,582 |  |  | 8,061 |  |  | 4,824 |  |  | 2,448 |
Noninterest expense |  | 59,800 |  |  | 62,539 |  |  | 60,877 |  |  | 49,569 |
Income from continuing operations before income taxes |  | 721 |  |  | 15,633 |  |  | 13,729 |  |  | 16,908 |
Income tax (benefit) expense |  | (6,353 | ) |  | 1,779 |  |  | 3,301 |  |  | 6,117 |
Income from continuing operations |  | 7,074 |  |  | 13,854 |  |  | 10,428 |  |  | 10,791 |
Income from discontinued operations before income taxes |  | 2,044 |  |  | 1,281 |  |  | 924 |  |  | 347 |
Income tax expense |  | 560 |  |  | 355 |  |  | 256 |  |  | 100 |
Income from discontinued operations |  | 1,484 |  |  | 926 |  |  | 668 |  |  | 247 |
Net income |  | 8,558 |  |  | 14,780 |  |  | 11,096 |  |  | 11,038 |
Dividends on preferred stock |  | 5,113 |  |  | 5,113 |  |  | 4,970 |  |  | 4,308 |
Impact of preferred stock redemption |  | — |  |  | — |  |  | 2,307 |  |  | — |
Net income available to common stockholders |  | $ | 3,445 |  |  | $ | 9,667 |  |  | $ | 3,819 |  |  | $ | 6,730 |
Basic earnings per common share |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.03 |  |  | $ | 0.17 |  |  | $ | 0.06 |  |  | $ | 0.12 |
Income from discontinued operations |  | 0.03 |  |  | 0.02 |  |  | 0.01 |  |  | 0.01 |
Net income |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.13 |
Diluted earnings per common share |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.03 |  |  | $ | 0.16 |  |  | $ | 0.06 |  |  | $ | 0.12 |
Income from discontinued operations |  | 0.03 |  |  | 0.02 |  |  | 0.01 |  |  | 0.01 |
Net income |  | $ | 0.06 |  |  | $ | 0.18 |  |  | $ | 0.07 |  |  | $ | 0.13 |
Basic earnings per class B common share |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.03 |  |  | $ | 0.17 |  |  | $ | 0.06 |  |  | $ | 0.12 |
Income from discontinued operations |  | 0.03 |  |  | 0.02 |  |  | 0.01 |  |  | 0.01 |
Net income |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.13 |
Diluted earnings per class B common share |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.03 |  |  | $ | 0.17 |  |  | $ | 0.06 |  |  | $ | 0.12 |
Income from discontinued operations |  | 0.03 |  |  | 0.02 |  |  | 0.01 |  |  | 0.01 |
Net income |  | $ | 0.06 |  |  | $ | 0.19 |  |  | $ | 0.07 |  |  | $ | 0.13 |
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 expense (benefit) |  | 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 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration