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Business Combination and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
Business Combinations and Intangible Assets [Abstract] |
Summary of Fair Value Adjustments From Acquisition |
Cash consideration (in thousands): |  |
SBPR purchase price | $ | 550,000
Premium on USVI deposits |  | 10,000
BNS USVI net liabilities assumed |  | (182,244)
BNS PR net assets acquired |  | 52,681
Total cash consideration |  | 430,437
Cash consideration paid on December 31, 2019 |  | 425,242
Cash consideration payable | $ | 5,195
| December 31, 2019
|  |  |  | Fair Value |  |  |
| Book Value |  | Adjustments, net |  | Fair Value
| (In thousands)
Cash and cash equivalents | $ | 492,512 |  | $ | - |  | $ | 492,512
Investments |  | 576,319 |  |  | (102) |  |  | 576,217
Loans |  | 2,237,337 |  |  | (21,134) |  |  | 2,216,203
Accrued interest receivable |  | 7,722 |  |  | (2,952) |  |  | 4,770
Foreclosed real estate |  | 8,636 |  |  | (352) |  |  | 8,284
Deferred tax asset, net |  | 37,606 |  |  | 22,335 |  |  | 59,941
Premises and equipment |  | 10,866 |  |  | (1,068) |  |  | 9,798
Servicing asset |  | 40,258 |  |  | 206 |  |  | 40,464
Core deposit intangible |  | - |  |  | 41,507 |  |  | 41,507
Customer relationship intangible |  | - |  |  | 12,693 |  |  | 12,693
Other intangible |  | - |  |  | 567 |  |  | 567
Operating lease right-of-use assets |  | 15,452 |  |  | 4,011 |  |  | 19,463
Other assets |  | 86,016 |  |  | (6,507) |  |  | 79,509
Total identifiable assets acquired |  | 3,512,724 |  |  | 49,204 |  |  | 3,561,928
Deposits |  | 3,028,066 |  |  | (2,607) |  |  | 3,025,459
Operating lease liability |  | 16,317 |  |  | 2,091 |  |  | 18,408
Accrued expenses and other liabilities |  | 87,309 |  |  | - |  |  | 87,309
Total liabilities assumed |  | 3,131,692 |  |  | (516) |  |  | 3,131,176
Total identifiable net assets |  |  |  |  |  |  | $ | 430,752
Bargain purchase gain |  |  |  |  |  |  |  | 315
Total consideration |  |  |  |  |  |  | $ | 430,437
Summary of Pro Forma Results from Acquisition |
| Year Ended December 31,
| 2019 |  | 2018
| (In thousands)
Net interest income | $ | 478,293 |  | $ | 488,791
Net income |  | 147,848 |  |  | 161,555
Earnings per share: |  |  |  |  |
Basic |  | 3.01 |  |  | 3.55
Diluted |  | 2.99 |  |  | 3.25

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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