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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following table presents selected quarterly data for the years ended December 31, 2019 and 2018.
| 2019 |  |  |  |  |  |
Quarter Ended | December 31 |  | September 30 |  | June 30 |  | March 31
(amounts in thousands, except per share data) |  |  |  |  |  |  |
Interest income | $ | 123,995 |  |  | $ | 126,718 |  |  | $ | 111,950 |  |  | $ | 101,075 |
Interest expense | 46,402 |  |  | 50,983 |  |  | 47,271 |  |  | 41,771 |
Net interest income | 77,593 |  |  | 75,735 |  |  | 64,679 |  |  | 59,304 |
Provision for loan and lease losses | 9,689 |  |  | 4,426 |  |  | 5,346 |  |  | 4,767 |
Non-interest income (1) | 25,813 |  |  | 23,369 |  |  | 12,036 |  |  | 19,718 |
Non-interest expenses | 58,740 |  |  | 59,592 |  |  | 59,582 |  |  | 53,984 |
Income before income taxes | 34,977 |  |  | 35,086 |  |  | 11,787 |  |  | 20,271 |
Provision for income taxes | 7,451 |  |  | 8,020 |  |  | 2,491 |  |  | 4,831 |
Net income | 27,526 |  |  | 27,066 |  |  | 9,296 |  |  | 15,440 |
Preferred stock dividends | 3,615 |  |  | 3,615 |  |  | 3,615 |  |  | 3,615 |
Net income available to common shareholders | $ | 23,911 |  |  | $ | 23,451 |  |  | $ | 5,681 |  |  | $ | 11,825 |
Earnings per common share: |  |  |  |  |  |  |
Basic earnings per common share | $ | 0.76 |  |  | $ | 0.75 |  |  | $ | 0.18 |  |  | $ | 0.38 |
Diluted earnings per common share | $ | 0.75 |  |  | $ | 0.74 |  |  | $ | 0.18 |  |  | $ | 0.38 |
(1)The quarter ended June 30, 2019 included a $7.5 million loss due to a shortfall in the fair value of interest-only GNMA securities acquired from a commercial mortgage warehouse customer.
| 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 and lease losses | 1,385 |  |  | 2,924 |  |  | (784) |  |  | 2,117 |
Non-interest income (2) | 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 |
(2)The quarter ended September 30, 2018 included an $18.7 million loss on sale of investment securities.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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