XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income:        
Loans $ 84,016 $ 82,467 $ 237,057 $ 237,355
Mortgage-backed securities 8,173 6,245 23,258 20,728
Investment securities 1,948 1,643 4,998 4,390
Total interest income 94,137 90,355 265,313 262,473
Interest expense:        
Deposits 8,605 7,601 23,554 22,606
Securities sold under agreements to repurchase 2,242 1,282 5,159 6,260
Advances from FHLB and other borrowings 517 596 1,339 1,799
Subordinated capital notes 496 398 1,402 1,149
Total interest expense 11,860 9,877 31,454 31,814
Net interest income 82,277 80,478 233,859 230,659
Provision for Loan, Lease, and Other Losses 14,601 44,042 44,808 88,232
Net interest income after provision for loan and lease losses 67,676 36,436 189,051 142,427
Non-interest income:        
Banking service revenues 10,797 9,923 32,404 31,007
Wealth management revenue 6,407 6,016 18,688 18,747
Mortgage banking activities 1,242 1,274 3,987 2,820
Total Banking and Financial Service Revenues 18,446 17,213 55,079 52,574
FDIC shared-loss benefit (expense), net [Abstract]        
FDIC shared-loss benefit (expense), net 0 0 0 1,403
Net gain (loss) on:        
Sale of securities 0 4 0 6,896
Derivatives 0 0 0 103
Early extinguishment of debt 0 0 0 (80)
Other non-interest income 174 695 758 976
Total non-interest income, net 18,620 17,912 55,837 61,872
Non-interest expense:        
Compensation and employee benefits 18,495 19,882 57,202 59,546
Professional and service fees 3,077 3,113 8,917 9,575
Occupancy and equipment 8,388 8,276 25,322 24,012
Insurance 1,620 1,052 4,580 3,834
Electronic banking charges 5,586 5,021 15,968 15,373
Information technology related expenses 2,056 2,046 6,064 6,114
Advertising, business promotion, and strategic initiatives 1,329 1,405 3,700 4,205
Loss on sale of foreclosed real estate and other reossessed assets 1,210 1,395 2,828 4,508
Loan servicing and clearing expenses 1,251 1,134 3,639 3,592
Taxes, other than payroll and income taxes 2,175 2,243 6,820 7,007
Communication 927 855 2,627 2,682
Printing, postage, stationary and supplies 499 586 1,748 1,889
Director and investors relations 223 221 800 775
Credit related expenses 2,736 1,714 7,052 6,557
Other 1,369 1,526 8,095 5,300
Total non-interest expense 50,941 50,469 155,362 154,969
Income before income taxes 35,355 3,879 89,526 49,330
Income tax expense 12,255 560 29,860 13,757
Net income 23,100 3,319 59,666 35,573
Dividends on preferred stock (3,466) (3,465) (10,396) (10,396)
Income (loss) available to common shareholders $ 19,634 $ (146) $ 49,270 $ 25,177
Earnings per common share:        
Basic $ 0.45 $ 0 $ 1.12 $ 0.57
Diluted $ 0.42 $ 0 $ 1.07 $ 0.56
Average common shares outstanding and equivalents 51,464 51,102 51,344 51,095
Cash dividends per share of common stock $ 0.06 $ 0.06 $ 0.18 $ 0.18