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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income from continuing operations        
Loans $ 113,990 $ 100,254 $ 219,641 $ 191,995
Securities and other 15,248 15,230 30,706 29,635
Total interest and dividend income 129,238 115,484 250,347 221,630
Interest expense from continuing operations        
Deposits 28,273 17,768 54,895 33,093
Borrowings 9,370 7,424 18,398 13,488
Total interest expense 37,643 25,192 73,293 46,581
Net interest income from continuing operations 91,595 90,292 177,054 175,049
Non-interest income from continuing operations        
Other, net (216) 155 754 1,423
Gain/(loss) on securities, net 17 718 2,568 (784)
(Loss)/gain on sale of business operations and other assets, net 0 (21) 0 460
Total non-interest income 17,512 19,623 39,234 38,515
Total net revenue from continuing operations 109,107 109,915 216,288 213,564
Provision for loan losses 3,467 6,532 7,468 12,107
Non-interest expense from continuing operations        
Compensation and benefits 34,779 33,499 68,279 67,346
Occupancy and equipment 9,449 9,224 18,895 18,416
Technology and communications 6,715 7,053 12,972 13,537
Marketing and promotion 1,155 1,084 2,422 2,306
Professional services 3,953 864 6,228 2,560
FDIC premiums and assessments 1,751 1,411 3,390 2,606
Other real estate owned and foreclosures (2) 1 0 68
Amortization of intangible assets 1,475 1,246 2,675 2,514
Acquisition, restructuring, and other expenses 11,155 847 18,170 5,940
Other 6,138 6,298 15,528 11,600
Total non-interest expense 76,568 61,527 148,559 126,893
Income from continuing operations before income taxes 29,072 41,856 60,261 74,564
Income tax expense 5,118 8,145 12,035 15,482
Net income from continuing operations 23,954 33,711 48,226 59,082
Income from discontinued operations before income taxes 2,082 426 1,228 264
Income tax expense 588 106 371 67
Net income from discontinued operations 1,494 320 857 197
Net income 25,448 34,031 49,083 59,279
Preferred stock dividend 240 229 480 459
Income available to common shareholders $ 25,208 $ 33,802 $ 48,603 $ 58,820
Basic earnings per common share:        
Continuing operations (in dollars per share) $ 0.49 $ 0.73 $ 1.01 $ 1.29
Discontinued operations (in dollars per share) 0.03 0.01 0.02 0
Total (in dollars per share) 0.52 0.74 1.03 1.29
Diluted earnings per common share:        
Continuing operations (in dollars per share) 0.49 0.73 1.01 1.28
Discontinued operations (in dollars per share) 0.03 0.01 0.02 0
Total (in dollars per share) $ 0.52 $ 0.74 $ 1.03 $ 1.28
Weighted average shares outstanding:        
Basic (in shares) 48,961 46,032 47,550 45,999
Diluted (in shares) 49,114 46,215 47,700 46,206
Mortgage banking originations        
Non-interest income from continuing operations        
Total non-interest income $ 278 $ 334 $ 324 $ 472
Loan related income        
Non-interest income from continuing operations        
Total non-interest income 4,822 6,003 10,825 10,822
Deposit related fees        
Non-interest income from continuing operations        
Total non-interest income 7,525 7,605 14,383 15,671
Insurance commissions and fees        
Non-interest income from continuing operations        
Total non-interest income 2,738 2,549 5,591 5,574
Wealth management fees        
Non-interest income from continuing operations        
Total non-interest income 2,348 2,280 4,789 4,877
Total fee income        
Non-interest income from continuing operations        
Total non-interest income $ 17,711 $ 18,771 $ 35,912 $ 37,416