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Consolidated Statements of Income - Unaudited - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans and leases $ 103,567,000 $ 95,240,000 $ 196,683,000 $ 181,171,000
Investment securities 6,481,000 9,765,000 12,722,000 18,437,000
Other 1,902,000 2,634,000 3,620,000 4,996,000
Total interest income 111,950,000 107,639,000 213,025,000 204,604,000
Interest expense:        
Deposits 35,980,000 24,182,000 67,204,000 43,975,000
FHLB advances 7,607,000 11,176,000 12,900,000 18,256,000
Subordinated debt 1,684,000 1,684,000 3,369,000 3,369,000
Other borrowings 2,000,000 3,275,000 5,569,000 6,651,000
Total interest expense 47,271,000 40,317,000 89,042,000 72,251,000
Net interest income 64,679,000 67,322,000 123,983,000 132,353,000
Provision for loan and lease losses 5,346,000 (784,000) 10,113,000 1,333,000
Net interest income after provision for loan and lease losses 59,333,000 68,106,000 113,870,000 131,020,000
Non-interest income:        
Non-interest income 11,243,000 9,106,000 23,591,000 22,056,000
Commercial lease income 2,730,000 1,091,000 5,131,000 1,953,000
Bank-owned life insurance 1,836,000 1,869,000 3,653,000 3,900,000
Mortgage warehouse transactional fees 1,681,000 1,967,000 2,995,000 3,854,000
Gain on sale of SBA and other loans 0 947,000 0 2,308,000
Mortgage banking income 250,000 205,000 417,000 325,000
Loss upon acquisition of interest-only GNMA securities (7,476,000) 0 (7,476,000) 0
Other 2,907,000 2,034,000 5,912,000 4,930,000
Total non-interest income 12,036,000 16,127,000 31,754,000 37,037,000
Non-interest expense:        
Salaries and employee benefits 26,920,000 27,748,000 52,743,000 52,673,000
Technology, communication, and bank operations 12,402,000 11,322,000 24,355,000 21,266,000
Professional services 5,718,000 3,811,000 10,291,000 9,820,000
Occupancy 3,064,000 3,141,000 5,967,000 5,975,000
Commercial lease depreciation 2,252,000 920,000 4,174,000 1,735,000
FDIC assessments, non-income taxes, and regulatory fees 2,157,000 2,135,000 4,145,000 4,335,000
Provision for operating losses 2,446,000 1,233,000 4,225,000 2,759,000
Advertising and promotion 1,360,000 319,000 2,169,000 709,000
Merger and acquisition related expenses 0 869,000 0 975,000
Loan workout 643,000 648,000 963,000 1,307,000
Other real estate owned expenses (income) (14,000) 58,000 43,000 98,000
Other 2,634,000 1,546,000 4,491,000 4,379,000
Total non-interest expense 59,582,000 53,750,000 113,566,000 106,031,000
Income before income tax expense 11,787,000 30,483,000 32,058,000 62,026,000
Income tax expense 2,491,000 6,820,000 7,323,000 14,222,000
Net income 9,296,000 23,663,000 24,735,000 47,804,000
Preferred stock dividends 3,615,000 3,615,000 7,229,000 7,229,000
Net income (loss) available to common shareholders $ 5,681,000 $ 20,048,000 $ 17,506,000 $ 40,575,000
Basic earnings per common share (usd per share) $ 0.18 $ 0.64 $ 0.56 $ 1.29
Diluted earnings per common share (usd per share) $ 0.18 $ 0.62 $ 0.55 $ 1.26
Interchange and card revenue        
Non-interest income:        
Non-interest income $ 6,760,000 $ 6,382,000 $ 15,565,000 $ 16,043,000
Deposit fees        
Non-interest income:        
Non-interest income $ 3,348,000 $ 1,632,000 $ 5,557,000 $ 3,724,000