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Tax-Free Spin-Off and Merger (Tables)
 9 Months Ended
Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Income Statement and Balance Sheet
The following summarizes the effect of the reclassification from held for sale classification to held and used classification on the previously reported consolidated balance sheet as of December 31, 2016 and the previously reported consolidated statements of income for the the three and nine months ended September 30, 2016:

 
December 31, 2016 As Previously Reported
 
Effect of Reclassification From Held For Sale to Held and Used
 
December 31, 2016 After Reclassification
(amounts in thousands)
 
 
ASSETS
 
 
 
 
 
Cash and cash equivalents
$
244,709

 
$
20,000

 
$
264,709

Loans receivable
6,142,390

 
12,247

 
6,154,637

Bank premises and equipment, net
12,259

 
510

 
12,769

Goodwill and other intangibles
3,639

 
13,982

 
17,621

Assets held for sale
79,271

 
(79,271
)
 
—

Other assets
70,099

 
32,532

 
102,631

LIABILITIES
 
 
 
 
 
Demand, non-interest bearing deposits
$
512,664

 
$
453,394

 
$
966,058

Interest bearing deposits
6,334,316

 
3,401

 
6,337,717

Non-interest bearing deposits held for sale
453,394

 
(453,394
)
 
—

Other liabilities held for sale
31,403

 
(31,403
)
 
—

Accrued interest payable and other liabilities
47,381

 
28,002

 
75,383


 
Three Months Ended September 30, 2016
 
Effect of Reclassification From Held For Sale to Held and Used
 
Three Months Ended September 30, 2016
 
As Previously Reported
 
 
After Reclassification
 Interest income
$
84,212

 
$
—

 
$
84,212

 Interest expense
19,622

 
5

 
19,627

 Net interest income
64,590

 
(5
)
 
64,585

 Provision for loan losses
(161
)
 
249

 
88

 Non-interest income
11,121

 
16,365

 
27,486

 Non-interest expenses
36,750

 
19,468

 
56,218

 Income from continuing operations before income taxes
39,122

 
(3,357
)
 
35,765

 Provision for income taxes
15,834

 
(1,276
)
 
14,558

 Net income from continuing operations
23,288

 
(2,081
)
 
21,207

 Loss from discontinued operations before income taxes
(3,357
)
 
3,357

 
—

 Income tax benefit from discontinued operations
(1,276
)
 
1,276

 
—

 Net loss from discontinued operations
(2,081
)

2,081


—

 Net income
21,207


—


21,207

 Preferred stock dividend
2,552

 
—

 
2,552

 Net income available to common shareholders
$
18,655

 
$
—

 
$
18,655

 
 
 
 
 
 

 
Nine Months Ended September 30, 2016
 
Effect of Reclassification From Held For Sale to Held and Used
 
Nine Months Ended September 30, 2016
 
As Previously Reported
 
 
After Reclassification
 Interest income
$
238,931

 
$
—

 
$
238,931

 Interest expense
53,548

 
13

 
53,561

 Net interest income
185,383

 
(13
)
 
185,370

 Provision for loan losses
2,605

 
249

 
2,854

 Non-interest income
22,241

 
18,996

 
41,237

 Non-interest expenses
100,706

 
27,600

 
128,306

 Income from continuing operations before income taxes
104,313

 
(8,866
)
 
95,447

 Provision for income taxes
39,942

 
(3,370
)
 
36,572

 Net income from continuing operations
64,371

 
(5,496
)
 
58,875

 Loss from discontinued operations before income taxes
(8,865
)
 
8,865

 
—

 Income tax benefit from discontinued operations
(3,369
)
 
3,369

 
—

 Net loss from discontinued operations
(5,496
)
 
5,496

 
—

 Net income
58,875

 
—

 
58,875

 Preferred stock dividend
5,900

 
—

 
5,900

 Net income available to common shareholders
$
52,975

 
$
—

 
$
52,975