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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:    
Loans receivable $ 108,924 $ 118,926
Mortgage-backed securities 9,371 9,137
Securities and cash equivalents 6,226 3,602
Total interest income 124,521 131,665
INTEREST EXPENSE:    
Deposits 3,609 8,750
FHLB advances 934 2,064
Other borrowings 109 116
Subordinated debt 2,208 1,477
Total interest expense 6,860 12,407
Net interest income 117,661 119,258
(RECAPTURE)/PROVISION FOR CREDIT LOSSES (9,251) 23,470
Net interest income after (recapture)/provision for credit losses 126,912 95,788
NON-INTEREST INCOME:    
Deposit fees and other service charges 8,939 9,803
Mortgage banking operations 11,440 10,191
Bank-owned life insurance (BOLI) 1,307 1,050
Miscellaneous 2,042 2,639
Other operating income 23,728 23,683
Net gain on sale of securities 485 78
Net change in valuation of financial instruments carried at fair value 59 (4,596)
Total non-interest income 24,272 19,165
NON-INTEREST EXPENSE:    
Salary and employee benefits 64,819 59,908
Less capitalized loan origination costs (9,696) (5,806)
Occupancy and equipment 12,989 13,107
Information/computer data services 6,203 5,810
Payment and card processing expenses 4,326 4,240
Professional and legal expenses 3,328 1,919
Advertising and marketing 1,263 1,827
Deposit insurance expense 1,533 1,635
State/municipal business and use taxes 1,065 984
REO operations, net (242) 100
Amortization of core deposit intangibles 1,711 2,001
Miscellaneous 5,509 6,357
Noninterest Operating Expense, Before COVID-19 and Acquisition Related Costs 92,808 92,082
COVID-19 Expenses 148 239
Acquisition-related costs 571 1,142
Total non-interest expense 93,527 93,463
Income before provision for income taxes 57,657 21,490
PROVISION FOR INCOME TAXES 10,802 4,608
NET INCOME $ 46,855 $ 16,882
Earnings per common share:    
Basic $ 1.34 $ 0.48
Diluted 1.33 0.47
Cumulative dividends declared per common share $ 0.41 $ 0.41
Weighted average number of common shares outstanding, Basic 34,973,383 35,463,541
Weighted average number of common shares outstanding, Diluted 35,303,483 35,640,463