XML 43 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) — UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Loans and leases $ 224,265 $ 241,745 $ 442,264 $ 485,957
Investment securities 47,586 48,026 94,388 95,342
Interest earning deposits 45,506 27,624 98,323 38,019
Loans held for sale 13,671 11,149 25,719 22,850
Other 3,010 1,616 5,121 2,937
Total interest income 334,038 330,160 665,815 645,105
Interest expense:        
Deposits 148,784 136,375 302,509 280,305
FHLB advances 13,437 24,285 26,922 34,655
FRB advances 0 0 0 6,286
Subordinated debt 2,734 2,689 5,423 5,378
Other borrowings 1,430 1,540 2,923 3,311
Total interest expense 166,385 164,889 337,777 329,935
Net interest income 167,653 165,271 328,038 315,170
Provision for credit losses 18,121 23,629 35,191 43,232
Net interest income after provision for credit losses 149,532 141,642 292,847 271,938
Non-interest income:        
Commercial lease income 10,282 8,917 19,965 18,243
Loan fees 5,233 4,271 10,513 8,261
Bank-owned life insurance 2,007 4,997 5,268 7,644
Mortgage finance transactional fees 1,058 1,376 2,004 2,450
Net gain (loss) on sale of loans (238) (761) (228) (761)
Loss on sale of capital call lines of credit 0 (5,037) 0 (5,037)
Net gain (loss) on sale of investment securities (719) 0 (749) 0
Unrealized gain on equity method investments 11,041 0 11,041 0
Other 2,373 2,234 4,454 3,318
Total non-interest income 31,037 15,997 52,268 34,118
Non-interest expense:        
Salaries and employee benefits 44,947 33,120 80,972 65,465
Technology, communication and bank operations 16,227 16,407 38,131 32,996
Commercial lease depreciation 7,829 7,328 15,799 15,203
Professional services 6,104 9,192 12,457 16,788
Loan servicing 3,516 4,777 7,547 9,438
Occupancy 3,120 2,519 5,467 5,279
FDIC assessments, non-income taxes and regulatory fees 10,236 9,780 23,705 12,508
Advertising and promotion 1,254 546 1,936 1,595
Other 10,219 5,628 16,607 10,158
Total non-interest expense 103,452 89,297 202,621 169,430
Income before income tax expense 77,117 68,342 142,494 136,626
Income tax expense 19,032 20,768 34,683 35,331
Net income 58,085 47,574 107,811 101,295
Preferred stock dividends 3,785 3,567 7,585 7,023
Net income available to common shareholders, basic 54,300 44,007 100,226 94,272
Net income available to common shareholders, diluted $ 54,300 $ 44,007 $ 100,226 $ 94,272
Basic earnings per common share (usd per share) $ 1.72 $ 1.41 $ 3.18 $ 2.99
Diluted earnings per common share (usd per share) $ 1.66 $ 1.39 $ 3.06 $ 2.95