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Consolidated Statements of Income (Loss) - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans and leases $ 152,117 $ 116,080
Investment securities 7,979 4,977
Other 1,019 4,286
Total interest income 161,115 125,343
Interest expense:    
Deposits 15,658 34,353
FHLB advances 5,192 5,390
Subordinated debt 2,689 2,689
FRB PPP liquidity facility, federal funds purchased and other borrowings 4,845 1,590
Total interest expense 28,384 44,022
Net interest income 132,731 81,321
Provision (benefit) for credit losses on loans and leases (2,919) 31,786
Net interest income after provision (benefit) for credit losses on loans and leases 135,650 49,535
Non-interest income:    
Commercial lease income 5,205 4,268
Bank-owned life insurance 1,679 1,762
Mortgage warehouse transactional fees 4,247 1,952
Gain (loss) on sale of SBA and other loans 1,575 11
Mortgage banking income 463 296
Gain (loss) on sale of investment securities 23,566 3,974
Unrealized gain (loss) on investment securities 974 (1,378)
Unrealized gain (loss) on derivatives 2,537 (1,146)
Loss on cash flow hedge derivative terminations (24,467) 0
Other 1,741 600
Total non-interest income 18,468 11,160
Non-interest expense:    
Salaries and employee benefits 23,971 20,523
Technology, communication and bank operations 19,988 10,539
Professional services 6,289 3,544
Occupancy 2,621 2,613
Commercial lease depreciation 4,291 3,427
FDIC assessments, non-income taxes and regulatory fees 2,719 2,867
Merger and acquisition related expenses 418 0
Loan workout (261) 366
Advertising and promotion 561 1,424
Other 1,330 3,664
Total non-interest expense 61,927 48,967
Income before income tax expense 92,191 11,728
Income tax expense 17,560 3,274
Net income from continuing operations 74,631 8,454
Loss from discontinued operations before income taxes (20,354) (6,722)
Income tax expense (benefit) from discontinued operations 17,682 (1,368)
Net loss from discontinued operations (38,036) (5,354)
Net income 36,595 3,100
Preferred stock dividends 3,391 3,615
Net income (loss) available to common shareholders $ 33,204 $ (515)
Basic earnings (loss) per common share from continuing operations (usd per share) $ 2.23 $ 0.15
Basic earnings (loss) per common share (usd per share) 1.04 (0.02)
Diluted earnings (loss) per common share from continuing operations (usd per share) 2.17 0.15
Diluted earnings (loss) per common share (usd per share) $ 1.01 $ (0.02)
Interchange and card revenue    
Non-interest income:    
Non-interest income $ 85 $ 270
Deposit fees    
Non-interest income:    
Non-interest income $ 863 $ 551