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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:      
Loans and leases $ 745,313 $ 736,822 $ 512,048
Investment securities 119,236 40,413 24,206
Interest earning deposits 10,952 1,585 3,301
Other 9,872 2,064 3,749
Total interest income 885,373 780,884 543,304
Interest expense:      
Deposits 226,239 62,641 92,045
FHLB advances 11,464 6,211 21,637
Subordinated debt 10,755 10,755 10,755
FRB PPP liquidity facility and other borrowings 13,195 16,203 15,179
Total interest expense 261,653 95,810 139,616
Net interest income 623,720 685,074 403,688
Provision for credit losses 60,066 27,426 62,774
Net interest income after provision for credit losses 563,654 657,648 340,914
Non-interest income:      
Commercial lease income 27,719 21,107 18,139
Bank-owned life insurance 15,697 8,416 7,009
Mortgage warehouse transactional fees 6,738 12,874 11,535
Gain (loss) on sale of SBA and other loans 3,155 11,327 2,009
Loss on sale of consumer installment loans (23,465) 0 0
Loan fees 12,188 7,527 5,652
Mortgage banking income 869 1,536 1,693
Net gain (loss) on sale of investment securities (23,164) 31,392 20,078
Unrealized gain (loss) on investment securities (710) 2,720 1,447
Loss on sale of foreign subsidiaries 0 (2,840) 0
Unrealized gain (loss) on derivatives 2,391 3,208 (3,951)
Loss on cash flow hedge derivative terminations 0 (24,467) 0
Legal settlement gain 7,519 0 0
Other (759) 957 (2,965)
Total non-interest income 32,272 77,867 63,818
Non-interest expense:      
Salaries and employee benefits 112,365 108,202 94,067
Technology, communication and bank operations 84,998 83,544 50,668
Professional services 27,465 26,688 13,557
Occupancy 13,606 12,143 11,362
Commercial lease depreciation 22,978 17,824 14,715
FDIC assessments, non-income taxes, and regulatory fees 8,869 10,061 11,661
Loan servicing 15,023 10,763 3,431
Advertising and promotion 2,541 1,520 1,796
Merger and acquisition related expenses 0 418 1,367
Loan workout 1,072 265 3,143
Deposit relationship adjustment fees 0 6,216 0
Other 15,712 16,663 9,209
Total non-interest expense 304,629 294,307 214,976
Income before income tax expense 291,297 441,208 189,756
Income tax expense 63,263 86,940 46,717
Net income from continuing operations 228,034 354,268 143,039
Loss from discontinued operations before income tax expense (benefit) 0 (20,354) (13,798)
Income tax expense (benefit) from discontinued operations 0 19,267 (3,337)
Net loss from discontinued operations 0 (39,621) (10,461)
Net income 228,034 314,647 132,578
Preferred stock dividends 9,632 11,693 14,041
Loss on redemption of preferred stock 0 2,820 0
Net income available to common shareholders 218,402 300,134 118,537
Net income available to common shareholders $ 218,402 $ 300,134 $ 118,537
Basic earnings per common share from continuing operations (usd per share) $ 6.69 $ 10.51 $ 4.09
Basic earnings per common share (usd per share) 6.69 9.29 3.76
Diluted earnings (loss) per common share from continuing operations (usd per share) 6.51 10.08 4.07
Diluted earnings per common share (usd per share) $ 6.51 $ 8.91 $ 3.74
Interchange and card revenue      
Non-interest income:      
Non-interest income $ 243 $ 336 $ 646
Deposit fees      
Non-interest income:      
Non-interest income $ 3,851 $ 3,774 $ 2,526