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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Total interest income from loans $ 79,675 $ 90,504 $ 160,827 $ 187,987
Mortgage-backed securities 7,220 7,998 16,217 16,587
Investment securities and other 1,013 911 2,170 1,840
Total interest income 87,908 99,413 179,214 206,414
Interest expense:        
Deposits 7,367 6,604 14,491 13,708
Securities sold under agreements to repurchase 4,258 7,394 10,358 14,558
Advances from FHLB and other borrowings 2,098 2,248 4,337 4,483
Subordinated capital notes 873 875 1,741 1,738
Total interest expense 14,596 17,121 30,927 34,487
Net interest income 73,312 82,292 148,287 171,927
Provision for Loan, Lease, and Other Losses 14,445 15,539 28,234 57,732
Net interest income after provision for loan and lease losses 58,867 66,753 120,053 114,195
Non-interest income:        
Banking service revenues 10,219 10,212 20,337 20,417
Wealth management revenue 7,041 7,285 13,193 14,440
Mortgage banking activities 1,024 1,862 1,879 3,725
Total Banking and Financial Service Revenues 18,284 19,359 35,409 38,582
FDIC shared-loss expense, net [Abstract]        
FDIC shared-loss expense, net (3,420) (23,245) (7,449) (36,329)
Net gain (loss) on:        
Sale of securities 211 0 12,207 2,572
Derivatives (10) 77 (13) (13)
Early extinguishment of debt 0 0 (12,000) 0
Other non-interest (loss) income 90 (847) 504 (2,587)
Total non-interest income, net 15,155 (4,656) 28,658 2,225
Non-interest expense:        
Compensation and employee benefits 18,531 19,260 38,815 39,440
Professional and service fees 3,511 4,143 7,138 8,324
Occupancy and equipment 8,107 8,883 15,929 17,519
Insurance 3,155 2,251 6,305 4,204
Electronic banking charges 4,947 5,851 10,536 11,218
Information technology related expenses 1,606 1,543 3,262 2,997
Advertising, business promotion, and strategic initiatives 1,343 1,558 2,786 3,186
Foreclosure, repossession and other real estate expenses 5,164 10,337 7,971 15,783
Loan servicing and clearing expenses 1,926 2,594 4,007 4,947
Taxes, other than payroll and income taxes 2,330 2,703 5,001 4,182
Communication 581 770 1,400 1,460
Printing, postage, stationary and supplies 600 582 1,325 1,219
Director and investors relations 301 289 579 583
Other 1,723 3,673 3,628 5,707
Total non-interest expense 53,825 64,437 108,682 120,769
Income before income taxes 20,197 (2,340) 40,029 (4,349)
Income tax expense (benefit) 5,858 769 11,519 1,748
Net (loss) income 14,339 (3,109) 28,510 (6,097)
Dividends on preferred stock (3,466) (3,466) (6,931) (6,931)
Income (loss) available to common shareholders $ 10,873 $ (6,575) $ 21,579 $ (13,028)
Earnings (loss) per common share:        
Basic $ 0.25 $ (0.15) $ 0.49 $ (0.29)
Diluted $ 0.25 $ (0.15) $ 0.49 $ (0.29)
Average common shares outstanding and equivalents 51,095 51,774 51,081 51,876
Cash dividends per share of common stock $ 0.06 $ 0.1 $ 0.12 $ 0.2