XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income:      
Loans and leases $ 512,048 $ 431,491 $ 373,234
Investment securities 24,206 23,713 33,209
Other 7,050 8,535 11,508
Total interest income 543,304 463,739 417,951
Interest expense:      
Deposits 92,045 141,464 110,808
FHLB advances 21,637 26,519 31,043
Subordinated debt 10,755 6,983 6,737
FRB PPP liquidity facility, federal funds purchased and other borrowings 15,179 11,463 11,486
Total interest expense 139,616 186,429 160,074
Net interest income 403,688 277,310 257,877
Provision for credit losses on loans and leases 62,774 24,227 5,642
Net interest income after provision for credit losses on loans and leases 340,914 253,083 252,235
Non-interest income:      
Revenue from contracts with customers 40,194 46,720 43,239
Commercial lease income 18,139 12,051 5,354
Bank-owned life insurance 7,009 7,272 7,620
Mortgage warehouse transactional fees 11,535 7,128 7,158
Gain (loss) on sale of SBA and other loans 2,009 2,770 3,294
Mortgage banking income 1,693 66 606
Loss upon acquisition of interest-only GNMA securities 0 (7,476) 0
Gain (loss) on sale of investment securities 20,078 1,001 (18,659)
Unrealized gain (loss) on investment securities 1,447 1,299 (1,634)
Other 4,950 15,071 16,740
Total non-interest income 101,734 80,938 58,998
Non-interest expense:      
Salaries and employee benefits 126,008 107,632 104,841
Technology, communication and bank operations 52,865 43,481 44,454
Professional services 26,965 25,109 20,237
Occupancy 12,877 13,098 11,809
Commercial lease depreciation 14,715 9,473 4,388
FDIC assessments, non-income taxes, and regulatory fees 11,661 5,861 8,642
Provision for operating losses 5,281 9,638 5,616
Advertising and promotion 2,223 4,044 2,446
Merger and acquisition related expenses 2,106 100 4,391
Loan workout 3,143 1,687 2,183
Other real estate owned 79 398 449
Other 8,767 11,380 10,723
Total non-interest expense 266,690 231,901 220,179
Income before income tax expense 175,958 102,120 91,054
Income tax expense 43,380 22,793 19,359
Net income 132,578 79,327 71,695
Preferred stock dividends 14,041 14,459 14,459
Net income available to common shareholders $ 118,537 $ 64,868 $ 57,236
Basic earnings per common share (usd per share) $ 3.76 $ 2.08 $ 1.81
Diluted earnings per common share (usd per share) $ 3.74 $ 2.05 $ 1.78
Interchange and card revenue      
Non-interest income:      
Revenue from contracts with customers $ 21,039 $ 28,941 $ 30,695
Deposit fees      
Non-interest income:      
Revenue from contracts with customers $ 13,835 $ 12,815 $ 7,824