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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income:        
Total interest income from loans $ 82,604 $ 97,264 $ 243,431 $ 285,251
Mortgage-backed securities 6,997 9,137 23,215 25,724
Investment securities and other 983 846 3,152 2,686
Total interest income 90,584 107,247 269,798 313,661
Interest expense:        
Deposits 7,331 6,651 21,822 20,359
Securities sold under agreements to repurchase 4,272 7,605 14,629 22,163
Advances from FHLB and other borrowings 1,237 2,283 5,574 6,766
Subordinated capital notes 817 885 2,559 2,623
Total interest expense 13,657 17,424 44,584 51,911
Net interest income 76,927 89,823 225,214 261,750
Provision for Loan, Lease, and Other Losses 23,469 51,579 51,703 109,311
Net interest income after provision for loan and lease losses 53,458 38,244 173,511 152,439
Non-interest income:        
Banking service revenues 10,330 10,826 30,667 31,243
Wealth management revenue 6,526 6,885 19,719 21,325
Mortgage banking activities 1,421 992 3,300 4,717
Total Banking and Financial Service Revenues 18,277 18,703 53,686 57,285
Net impairment losses recognized in earnings 0 (246) 0 (246)
FDIC shared-loss expense, net [Abstract]        
FDIC shared-loss expense, net (3,296) (2,079) (10,745) (38,408)
Reimbursement from FDIC shared-loss coverage in sale of loans 0 20,000 0 20,000
Net gain (loss) on:        
Sale of securities 0 0 12,207 2,572
Derivatives 17 (208) 4 (223)
Early extinguishment of debt 0 0 (12,000) 0
Other non-interest (loss) income 5,217 (193) 5,721 (2,778)
Total non-interest income, net 20,215 35,977 48,873 38,202
Non-interest expense:        
Compensation and employee benefits 19,191 21,015 58,006 60,455
Professional and service fees 3,744 4,000 10,881 12,324
Occupancy and equipment 7,484 8,556 23,413 26,075
Insurance 1,242 2,263 7,547 6,467
Electronic banking charges 5,077 5,496 15,613 16,714
Information technology related expenses 1,862 1,364 5,124 4,360
Advertising, business promotion, and strategic initiatives 1,347 1,577 4,133 4,763
Foreclosure, repossession and other real estate expenses 5,279 16,601 13,250 32,384
Loan servicing and clearing expenses 2,804 1,976 6,811 6,923
Taxes, other than payroll and income taxes 2,385 2,649 7,386 6,831
Communication 617 774 2,017 2,234
Printing, postage, stationary and supplies 602 624 1,927 1,842
Director and investors relations 233 246 812 829
Other 3,059 1,949 6,688 7,658
Total non-interest expense 54,926 69,090 163,608 189,859
Income before income taxes 18,747 5,131 58,776 782
Income tax expense (benefit) 3,627 562 15,146 2,310
Net (loss) income 15,120 4,569 43,630 (1,528)
Dividends on preferred stock (3,465) (3,465) (10,396) (10,396)
Income (loss) available to common shareholders $ 11,655 $ 1,104 $ 33,234 $ (11,924)
Earnings (loss) per common share:        
Basic $ 0.27 $ 0.03 $ 0.76 $ (0.27)
Diluted $ 0.26 $ 0.03 $ 0.76 $ (0.27)
Average common shares outstanding and equivalents 51,111 51,146 51,091 51,609
Cash dividends per share of common stock $ 0.06 $ 0.1 $ 0.18 $ 0.3