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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income:        
Loans $ 82,467 $ 82,604 $ 237,355 $ 243,431
Mortgage-backed securities 6,245 6,997 20,728 23,215
Investment securities and other 1,643 983 4,390 3,152
Total interest income 90,355 90,584 262,473 269,798
Interest expense:        
Deposits 7,601 7,331 22,606 21,822
Securities sold under agreements to repurchase 1,282 4,272 6,260 14,629
Advances from FHLB and other borrowings 596 1,237 1,799 5,574
Subordinated capital notes 398 817 1,149 2,559
Total interest expense 9,877 13,657 31,814 44,584
Net interest income 80,478 76,927 230,659 225,214
Provision for Loan, Lease, and Other Losses 44,042 23,469 88,232 51,703
Net interest income after provision for loan and lease losses 36,436 53,458 142,427 173,511
Non-interest income:        
Banking service revenues 9,923 10,330 31,007 30,667
Wealth management revenue 6,016 6,526 18,747 19,719
Mortgage banking activities 1,274 1,421 2,820 3,300
Total Banking and Financial Service Revenues 17,213 18,277 52,574 53,686
FDIC shared-loss benefit (expense), net [Abstract]        
FDIC shared-loss benefit (expense), net 0 (3,296) 1,403 (10,745)
Net gain (loss) on:        
Sale of securities 4 0 6,896 12,207
Derivatives 0 17 103 4
Early extinguishment of debt 0 0 (80) (12,000)
Other non-interest income 695 5,217 976 5,721
Total non-interest income, net 17,912 20,215 61,872 48,873
Non-interest expense:        
Compensation and employee benefits 19,882 19,168 59,546 57,864
Professional and service fees 3,113 2,889 9,575 8,685
Occupancy and equipment 8,276 7,353 24,012 22,995
Insurance 1,052 1,242 3,834 7,547
Electronic banking charges 5,021 5,077 15,373 15,613
Information technology related expenses 2,046 1,862 6,114 5,124
Advertising, business promotion, and strategic initiatives 1,405 1,347 4,205 4,133
Loss on sale of foreclosed real estate and other reossessed assets 1,395 2,970 4,508 9,063
Loan servicing and clearing expenses 1,134 2,844 3,592 6,940
Taxes, other than payroll and income taxes 2,243 2,385 7,007 7,386
Communication 855 748 2,682 2,434
Printing, postage, stationary and supplies 586 602 1,889 1,927
Director and investors relations 221 233 775 812
Credit related expenses 1,714 3,719 6,557 8,177
Other 1,526 2,487 5,300 4,908
Total non-interest expense 50,469 54,926 154,969 163,608
Income before income taxes 3,879 18,747 49,330 58,776
Income tax expense (benefit) 560 3,627 13,757 15,146
Net income 3,319 15,120 35,573 43,630
Dividends on preferred stock (3,465) (3,465) (10,396) (10,396)
(Loss) Income available to common shareholders $ (146) $ 11,655 $ 25,177 $ 33,234
Earnings per common share:        
Basic $ 0 $ 0.27 $ 0.57 $ 0.76
Diluted $ 0 $ 0.26 $ 0.56 $ 0.76
Average common shares outstanding and equivalents 51,102 51,111 51,095 51,091
Cash dividends per share of common stock $ 0.06 $ 0.06 $ 0.18 $ 0.18