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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans $ 84,119 $ 74,612
Mortgage-backed securities 7,925 7,051
Investment securities and other 2,666 1,507
Total interest income 94,710 83,170
Interest expense:    
Deposits 9,049 7,298
Securities sold under agreements to repurchase 2,785 1,076
Advances from FHLB and other borrowings 563 374
Subordinated capital notes 524 428
Total interest expense 12,921 9,176
Net interest income 81,789 73,994
Provision for loan losses, net 12,249 15,460
Net interest income after provision for loan and lease losses 69,540 58,534
Non-interest income:    
Banking service revenue 10,465 10,463
Wealth management revenue 5,882 6,019
Mortgage banking activities 1,206 1,757
Total banking and financial service revenues 17,553 18,239
Other non-interest income 103 275
Total non-interest income, net 17,656 18,514
Non-interest expense:    
Compensation and employee benefits 20,341 20,608
Occupancy, equipment and infrastructure costs 7,746 7,768
Electronic banking charges 5,065 4,966
Loss on sale of foreclosed real estate, other repossessed assets and credit related expenses (3,366) (3,645)
Professional and service fees 3,208 2,694
Taxes, other than payroll and income taxes 2,154 2,260
Information technology expenses 2,507 2,009
Insurance 1,146 1,478
Advertising, business promotion, and strategic initiatives 1,211 1,347
Loan servicing and clearing expenses 1,209 1,161
Communication 741 885
Printing, postage, stationary and supplies 578 644
Director and investor relations 230 240
Other 2,650 2,416
Total non-interest expense 52,152 52,121
Income before income taxes 35,044 24,927
Income tax expense 11,574 8,010
Net income 23,470 16,917
Less: dividends on preferred stock (1,628) (3,465)
Income available to common shareholders $ 21,842 $ 13,452
Earnings per common share:    
Basic $ 0.43 $ 0.31
Diluted $ 0.42 $ 0.3
Average common shares outstanding and equivalents 51,626 51,121
Cash dividends per share of common stock $ 0.07 $ 0.06