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QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2019
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, 2019:
|  | Three Months Ended,
($ in thousands, except per share data) |  | March 31, 2019 |  | June 30, 2019 |  | September 30, 2019 |  | December 31, 2019
Interest income |  | $ | 110,712 |  |  | $ | 104,040 |  |  | $ | 92,657 |  |  | $ | 83,702 |
Interest expense |  | 42,904 |  |  | 39,260 |  |  | 33,742 |  |  | 27,042 |
Net interest income |  | 67,808 |  |  | 64,780 |  |  | 58,915 |  |  | 56,660 |
Provision for (reversal of) loan losses |  | 2,512 |  |  | (1,987 | ) |  | 38,540 |  |  | (2,678 | )
Noninterest income |  | 6,295 |  |  | (2,290 | ) |  | 3,181 |  |  | 4,930 |
Noninterest expense |  | 61,835 |  |  | 43,587 |  |  | 43,307 |  |  | 47,185 |
Income (loss) from continuing operations before income taxes |  | 9,756 |  |  | 20,890 |  |  | (19,751 | ) |  | 17,083 |
Income tax expense (benefit) |  | 2,719 |  |  | 4,308 |  |  | (5,619 | ) |  | 2,811 |
Net income (loss) |  | 7,037 |  |  | 16,582 |  |  | (14,132 | ) |  | 14,272 |
Dividends on preferred stock |  | 4,308 |  |  | 4,308 |  |  | 3,403 |  |  | 3,540 |
Income allocated to participating securities |  | — |  |  | 271 |  |  | — |  |  | 224 |
Participating securities dividends |  | 202 |  |  | 94 |  |  | 94 |  |  | 93 |
Impact of preferred stock redemption |  | — |  |  | — |  |  | 5,093 |  |  | — |
Net income (loss) available to common stockholders |  | $ | 2,527 |  |  | $ | 11,909 |  |  | $ | (22,722 | ) |  | $ | 10,415 |
Basic earnings per common share |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 0.05 |  |  | $ | 0.23 |  |  | $ | (0.45 | ) |  | $ | 0.21 |
Diluted earnings per common share |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 0.05 |  |  | $ | 0.23 |  |  | $ | (0.45 | ) |  | $ | 0.20 |
Basic earnings per class B common share |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 0.05 |  |  | $ | 0.23 |  |  | $ | (0.45 | ) |  | $ | 0.21 |
Diluted earnings per class B common share |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 0.05 |  |  | $ | 0.23 |  |  | $ | (0.45 | ) |  | $ | 0.21 |
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 |
Income allocated to participating securities |  | 203 |  |  | 203 |  |  | 202 |  |  | 203 |
Participating securities dividends |  | — |  |  | 86 |  |  | — |  |  | — |
Impact of preferred stock redemption |  | — |  |  | — |  |  | 2,307 |  |  | — |
Net income available to common stockholders |  | $ | 3,242 |  |  | $ | 9,378 |  |  | $ | 3,617 |  |  | $ | 6,527 |
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 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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