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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans and leases $ 736,822 $ 512,048 $ 431,491
Investment securities 40,413 24,206 23,713
Other 3,649 7,050 8,535
Total interest income 780,884 543,304 463,739
Interest expense:      
Deposits 62,641 92,045 141,464
FHLB advances 6,211 21,637 26,519
Subordinated debt 10,755 10,755 6,983
FRB PPP liquidity facility, federal funds purchased and other borrowings 16,203 15,179 11,463
Total interest expense 95,810 139,616 186,429
Net interest income 685,074 403,688 277,310
Provision for credit losses on loans and leases 27,426 62,774 24,227
Net interest income after provision for credit losses on loans and leases 657,648 340,914 253,083
Commercial lease income 21,107 18,139 12,051
Bank-owned life insurance 8,416 7,009 7,272
Mortgage warehouse transactional fees 12,874 11,535 7,128
Gain (loss) on sale of SBA and other loans 11,327 2,009 2,770
Loan fees 7,527 5,652 5,021
Mortgage banking income 1,536 1,693 66
Loss upon acquisition of interest-only GNMA securities 0 0 (7,476)
Gain (loss) on sale of investment securities 31,392 20,078 1,001
Unrealized gain (loss) on investment securities 2,720 1,447 1,299
Loss on sale of foreign subsidiaries (2,840) 0 0
Unrealized gain (loss) on derivatives 3,208 (3,951) 3,162
Loss on cash flow hedge derivative terminations (24,467) 0 0
Other 957 (2,965) 467
Total non-interest income 77,867 63,818 35,284
Non-interest expense:      
Salaries and employee benefits 108,202 94,067 80,122
Technology, communication and bank operations 83,544 50,668 45,063
Professional services 26,688 13,557 10,634
Occupancy 12,143 11,362 11,307
Commercial lease depreciation 17,824 14,715 9,473
FDIC assessments, non-income taxes, and regulatory fees 10,061 11,661 5,807
Loan fees 10,763 3,431 1,245
Advertising and promotion 1,520 1,796 2,690
Merger and acquisition related expenses 418 1,367 0
Loan workout 265 3,143 1,687
Deposit relationship adjustment fees 6,216 0 0
Other 16,663 9,209 12,560
Total non-interest expense 294,307 214,976 180,588
Income before income tax expense 441,208 189,756 107,779
Income tax expense 86,940 46,717 26,392
Net income from continuing operations 354,268 143,039 81,387
Loss from discontinued operations before income tax expense (benefit) (20,354) (13,798) (5,659)
Income tax expense (benefit) from discontinued operations 19,267 (3,337) (3,599)
Net loss from discontinued operations (39,621) (10,461) (2,060)
Net income 314,647 132,578 79,327
Preferred stock dividends 11,693 14,041 14,459
Loss on redemption of preferred stock 2,820 0 0
Net income available to common shareholders $ 300,134 $ 118,537 $ 64,868
Basic earnings per common share from continuing operations (usd per share) $ 10.51 $ 4.09 $ 2.15
Basic earnings per common share (usd per share) 9.29 3.76 2.08
Diluted earnings (loss) per common share from continuing operations (usd per share) 10.08 4.07 2.12
Diluted earnings per common share (usd per share) $ 8.91 $ 3.74 $ 2.05
Interchange and card revenue      
Revenue from contracts with customers $ 336 $ 646 $ 781
Deposit fees      
Revenue from contracts with customers $ 3,774 $ 2,526 $ 1,742