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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans $ 339,875 $ 321,381 $ 312,421
Mortgage-backed securities 19,854 31,190 26,994
Investment securities and other 14,066 7,848 6,232
Total interest income 373,795 360,419 345,647
Interest expense:      
Deposits 39,355 32,953 30,298
Securities sold under agreements to repurchase 7,423 7,794 7,223
Advances from FHLB and other borrowings 2,212 1,875 2,398
Subordinated capital notes 2,012 1,903 1,556
Total interest expense 51,002 44,525 41,475
Net interest income 322,793 315,894 304,172
Provision for loan losses, net 96,792 56,108 113,139
Net interest income after provision for loan and lease losses 226,001 259,786 191,033
Non-interest income:      
Banking service revenue 42,866 43,638 39,468
Wealth management revenue 26,224 25,934 25,790
Mortgage banking activities 4,275 4,767 4,050
Total banking and financial service revenues 73,365 74,339 69,308
FDIC shared-loss benefit, net 0 0 1,403
Net gain on:      
Sale of securities 8,274 0 6,896
Derivatives 0 0 132
Early extinguishment of debt (7) 0 (80)
Bargain purchase from Scotiabank PR & USVI acquistion 315 0 0
Other non-interest income 546 5,756 1,028
Total non-interest income, net 82,493 80,095 78,687
Non-interest expense:      
Compensation and employee benefits 82,533 76,524 79,751
Occupancy, equipment and infrastructure costs 30,052 33,084 32,557
Merger and restructuring charges 24,054 0 0
Electronic banking charges 21,244 21,234 19,322
Professional and service fees 14,629 12,442 12,406
Loss on sale of foreclosed real estate, other repossessed assets and credit related expenses 11,498 13,552 12,626
Information technology expenses 9,865 8,227 8,010
Taxes, other than payroll and income taxes 8,749 9,017 9,187
Advertising, business promotion, and strategic initiatives 5,208 5,084 5,616
Loan servicing and clearing expenses 4,853 4,810 4,693
Communication 3,315 3,447 3,415
Insurance 3,309 6,249 5,223
Printing, postage, stationary and supplies 2,468 2,217 2,437
Director and investor relations 1,216 1,089 1,072
Other 10,251 10,105 5,316
Total non-interest expense 233,244 207,081 201,631
Income before income taxes 75,250 132,800 68,089
Income tax expense 21,409 48,390 15,443
Net income 53,841 84,410 52,646
Less: dividends on preferred stock (6,512) (12,024) (13,862)
Income available to common shareholders $ 47,329 $ 72,386 $ 38,784
Earnings per common share:      
Basic $ 0.92 $ 1.59 $ 0.88
Diluted $ 0.92 $ 1.52 $ 0.88
Average common shares outstanding and equivalents 51,719 51,349 51,096
Cash dividends per share of common stock $ 0.28 $ 0.25 $ 0.24