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Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents selected quarterly data for the years ended December 31, 2017 and 2016. Amounts previously reported as discontinued operations for the quarterly data for the year ended December 31, 2016, related to BankMobile have been reclassified to conform with the current period presentation as a result of the BankMobile spin-off/merger transaction described in NOTE 3 - SPIN-OFF AND MERGER.

	2017
Quarter Ended	December 31				September 30				June 30				March 31
(amounts in thousands, except per share data)
Interest income	$	97,619			$	98,285			$	93,852			$	83,094
Interest expense	29,319				30,266				25,246				20,676
Net interest income	68,300				68,019				68,606				62,418
Provision for loan losses	831				2,352				535				3,050
Non-interest income	19,740				18,026				18,391				22,754
Non-interest expenses	54,788				61,040				50,413				49,366
Income before income taxes	32,421				22,653				36,049				32,756
Provision for income taxes	10,806				14,899				12,327				7,009
Net income	21,615				7,754				23,722				25,747
Preferred stock dividends	3,615				3,615				3,615				3,615
Net income available to common shareholders	$	18,000			$	4,139			$	20,107			$	22,132
Earnings per common share:
Basic earnings per common share	$	0.58			$	0.13			$	0.66			$	0.73
Diluted earnings per common share	$	0.55			$	0.13			$	0.62			$	0.67

	2016
Quarter Ended	December 31				September 30				June 30				March 31
(amounts in thousands, except per share data)
Interest income	$	83,609			$	84,212			$	81,321			$	73,398
Interest expense	19,481				19,627				18,163				15,771
Net interest income	64,128				64,585				63,158				57,627
Provision for loan losses	187				88				786				1,980
Non-interest income	15,131				27,486				8,257				5,494
Non-interest expenses	49,924				56,218				38,183				33,905
Income before income taxes	29,148				35,765				32,446				27,236
Provision for income taxes	9,320				14,558				12,963				9,052
Net income	19,828				21,207				19,483				18,184
Preferred stock dividends	3,615				2,552				2,062				1,286
Net income available to common shareholders	$	16,213			$	18,655			$	17,421			$	16,898
Earnings per common share:
Basic earnings per common share	$	0.56			$	0.68			$	0.64			$	0.63
Diluted earnings per common share	$	0.51			$	0.63			$	0.59			$	0.58

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- References

No definition available.

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- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-URI http://asc.fasb.org/topic&trid=2126967

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