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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents selected quarterly data for the years ended December 31, 2018 and 2017.
 
2018
Quarter Ended
December 31
 
September 30
 
June 30
 
March 31
(amounts in thousands, except per share data)
 
Interest income
$
103,303

 
$
110,045

 
$
107,639

 
$
96,964

Interest expense
41,779

 
46,044

 
40,317

 
31,933

Net interest income
61,524

 
64,001

 
67,322

 
65,031

Provision for loan losses
1,385

 
2,924

 
(784
)
 
2,117

Non-interest income (1)
19,877

 
2,084

 
16,127

 
20,910

Non-interest expenses
57,045

 
57,104

 
53,750

 
52,280

Income before income taxes
22,971

 
6,057

 
30,483

 
31,544

Provision for income taxes
5,109

 
28

 
6,820

 
7,402

Net income
17,862

 
6,029

 
23,663

 
24,142

Preferred stock dividends
3,615

 
3,615

 
3,615

 
3,615

Net income available to common shareholders
$
14,247

 
$
2,414

 
$
20,048

 
$
20,527

Earnings per common share:
 
 
 
 
 
 
 
Basic earnings per common share
$
0.45

 
$
0.08

 
$
0.64

 
$
0.65

Diluted earnings per common share
$
0.44

 
$
0.07

 
$
0.62

 
$
0.64

(1)
The quarter ended September 30, 2018 included an $18.7 million loss on sale of investment securities.
 
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