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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2020
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, 2020 and 2019.
| 2020
(amounts in thousands, except per share data) | December 31 |  | September 30 |  | June 30 |  | March 31
Quarter Ended |
Interest income | $ | 153,093 |  |  | $ | 139,650 |  |  | $ | 125,218 |  |  | $ | 125,343 |
Interest expense | 30,147 |  |  | 32,211 |  |  | 33,236 |  |  | 44,022 |
Net interest income | 122,946 |  |  | 107,439 |  |  | 91,982 |  |  | 81,321 |
Provision for credit losses on loans and leases | (2,913) |  |  | 12,955 |  |  | 20,946 |  |  | 31,786 |
Non-interest income | 23,775 |  |  | 33,793 |  |  | 22,236 |  |  | 21,930 |
Non-interest expenses | 71,164 |  |  | 65,561 |  |  | 63,506 |  |  | 66,459 |
Income before income taxes | 78,470 |  |  | 62,716 |  |  | 29,766 |  |  | 5,006 |
Provision for income taxes | 22,225 |  |  | 12,201 |  |  | 7,048 |  |  | 1,906 |
Net income | 56,245 |  |  | 50,515 |  |  | 22,718 |  |  | 3,100 |
Preferred stock dividends | 3,414 |  |  | 3,430 |  |  | 3,581 |  |  | 3,615 |
Net income (loss) available (attributable) to common shareholders | $ | 52,831 |  |  | $ | 47,085 |  |  | $ | 19,137 |  |  | $ | (515) |
Earnings per common share: |  |  |  |  |  |  |
Basic earnings (loss) per common share | $ | 1.67 |  |  | $ | 1.49 |  |  | $ | 0.61 |  |  | $ | (0.02) |
Diluted earnings (loss) per common share | $ | 1.65 |  |  | $ | 1.48 |  |  | $ | 0.61 |  |  | $ | (0.02) |
| 2019
(amounts in thousands, except per share data) | December 31 |  | September 30 |  | June 30 |  | March 31
Quarter Ended |
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 credit losses on loans and leases | 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 pre-tax loss due to a shortfall in the fair value of interest-only GNMA securities acquired from a commercial mortgage warehouse customer.

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- References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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