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Consolidated Statements of Operations (Audited) - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income:      
Total interest income from loans $ 367,622,000 $ 435,553,000 $ 443,902,000
Mortgage-backed securities 35,338,000 44,836,000 40,927,000
Investment Securities 3,608,000 4,868,000 8,803,000
Total interest income 406,568,000 485,257,000 493,632,000
Interest expense:      
Deposits 27,034,000 33,954,000 40,977,000
Securities sold under agreements to repurchase 29,567,000 29,654,000 29,249,000
Advances from FHLB and other borrowings 9,072,000 9,185,000 8,620,000
Subordinated capital notes 3,523,000 3,989,000 5,114,000
Total interest expense 69,196,000 76,782,000 83,960,000
Net interest income 337,372,000 408,475,000 409,672,000
Provision for Loan, Lease, and Other Losses 161,501,000 60,640,000 72,894,000
Net interest income after provision for loan and lease losses 175,871,000 347,835,000 336,778,000
Non-interest income:      
Banking service revenues 41,466,000 40,712,000 44,239,000
Wealth management revenue 29,040,000 29,855,000 30,924,000
Mortgage banking activities 6,128,000 7,381,000 10,994,000
Total Banking and Financial Service Revenues 76,634,000 77,948,000 86,157,000
Total loss on other-than-temporarily impaired securities (4,662,000) 0 0
Portion of loss on securities recognized in other comprehensive income 3,172,000 0 0
Net impairment losses recognized in earnings (1,490,000) 0 0
FDIC shared-loss expense, net [Abstract]      
FDIC shared-loss expense, net (42,808,000) (65,756,000) (69,267,000)
Reimbursement from FDIC shared-loss coverage in sale of loans 20,000,000 0 0
Net gain (loss) on:      
Sale of securities 2,572,000 4,366,000 0
Derivatives (190,000) (608,000) (1,526,000)
Early extinguishment of debt 0 0 1,061,000
Other non-interest (loss) income (2,246,000) 1,373,000 670,000
Total non-interest income, net 52,472,000 17,323,000 17,095,000
Non-interest expense:      
Compensation and employee benefits 79,172,000 85,283,000 91,957,000
Professional and service fees 16,217,000 15,996,000 21,321,000
Occupancy and equipment 34,186,000 34,710,000 34,408,000
Insurance 9,567,000 8,830,000 8,795,000
Electronic banking charges 21,893,000 19,081,000 16,702,000
Information technology related expenses 5,648,000 6,019,000 10,546,000
Advertising, business promotion, and strategic initiatives 6,452,000 7,014,000 7,025,000
Merger and restructuring charges 0 0 17,660,000
Foreclosure, repossession and other real estate expenses 37,522,000 25,125,000 16,484,000
Loan servicing and clearing expenses 9,075,000 7,567,000 7,588,000
Taxes, other than payroll and income taxes 9,460,000 14,409,000 15,539,000
Communication 3,086,000 3,430,000 3,377,000
Printing, postage, stationary and supplies 2,575,000 2,533,000 3,459,000
Director and investors relations 1,091,000 1,106,000 1,098,000
Other 12,457,000 11,622,000 8,177,000
Total non-interest expense 248,401,000 242,725,000 264,136,000
Income before income taxes (20,058,000) 122,433,000 89,737,000
Income tax (benefit) expense (17,554,000) 37,252,000 (8,709,000)
Net (loss) income (2,504,000) 85,181,000 98,446,000
Dividends on preferred stock (13,862,000) (13,862,000) (13,862,000)
(Loss) Income available to common shareholders $ (16,366,000) $ 71,319,000 $ 84,584,000
(Loss) Earnings per common share:      
Basic $ (0.37) $ 1.58 $ 1.85
Diluted $ (0.37) $ 1.5 $ 1.73
Average common shares outstanding and equivalents 51,455 52,326 53,033
Cash dividends per share of common stock $ 0.36 $ 0.34 $ 0.26