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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans $ 116,502 $ 84,119
Mortgage-backed securities 2,773 7,925
Investment securities and other 4,489 2,666
Total interest income 123,764 94,710
Interest expense:    
Deposits 16,620 9,049
Securities sold under agreements to repurchase 1,002 2,785
Advances from FHLB and other borrowings 539 563
Subordinated capital notes 435 524
Total interest expense 18,596 12,921
Net interest income 105,168 81,789
Provision for credit losses 47,131 12,249
Net interest income after provision for credit losses 58,037 69,540
Non-interest income:    
Banking service revenue 15,646 10,465
Wealth management revenue 7,286 5,882
Mortgage banking activities 3,234 1,206
Total banking and financial service revenues 26,166 17,553
Net gain on:    
Sale of securities 4,728 0
Bargain purchase from Scotiabank PR & USVI acquistion 409 0
Other non-interest income 80 103
Total non-interest income, net 31,383 17,656
Non-interest expense:    
Compensation and employee benefits 35,544 20,341
Occupancy, equipment and infrastructure costs 11,439 7,746
Electronic banking charges 9,588 5,065
Information technology expenses 6,934 2,507
Professional and service fees 5,789 3,208
Insurance 3,478 1,146
Taxes, other than payroll and income taxes 3,177 2,154
Loss on sale of foreclosed real estate, other repossessed assets and credit related expenses 2,522 3,366
Advertising, business promotion, and strategic initiatives 1,629 1,211
Loan servicing and clearing expenses 1,343 1,209
Communication 971 741
Printing, postage, stationary and supplies 722 578
Director and investor relations 310 230
Merger and restructuring charges 304 0
Other 3,572 2,650
Total non-interest expense 87,322 52,152
Income before income taxes 2,098 35,044
Income tax expense 297 11,574
Net income 1,801 23,470
Less: dividends on preferred stock (1,628) (1,628)
Income available to common shareholders $ 173 $ 21,842
Earnings per common share:    
Basic $ 0 $ 0.43
Diluted $ 0 $ 0.42
Average common shares outstanding and equivalents 51,713 51,626
Cash dividends per share of common stock $ 0.07 $ 0.07