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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income:      
Loans $ 433,788 $ 457,435 $ 339,875
Mortgage-backed securities 11,614 7,558 19,854
Investment securities and other 3,797 8,354 14,066
Total interest income 449,199 473,347 373,795
Interest expense:      
Deposits 39,014 60,198 39,355
Securities sold under agreements to repurchase 0 1,335 7,423
Advances from FHLB and other borrowings 1,641 1,988 2,212
Subordinated capital notes 1,174 1,394 2,012
Total interest expense 41,829 64,915 51,002
Net interest income 407,370 408,432 322,793
Provision for credit losses 221 92,672 96,792
Net interest income after provision for credit losses 407,149 315,760 226,001
Non-interest income:      
Banking service revenue 71,706 62,579 42,866
Wealth management revenue 35,044 31,789 26,224
Mortgage banking activities 22,508 16,504 4,275
Total banking and financial service revenues 129,258 110,872 73,365
Net gain (loss) on:      
Sale of securities 19 4,728 8,274
Early extinguishment of debt (1,481) (63) (7)
Bargain purchase from Scotiabank Acquisition 0 7,336 315
Other non-interest income 5,414 1,479 546
Total non-interest income, net 133,210 124,352 82,493
Non-interest expense:      
Compensation and employee benefits 133,442 132,926 82,533
Occupancy, equipment and infrastructure costs 50,158 47,283 30,052
Electronic banking charges 37,202 34,698 21,244
Professional and service fees 20,080 17,135 14,629
Information technology expenses 18,965 20,823 9,865
Taxes, other than payroll and income taxes 13,829 13,831 8,749
Insurance 10,092 11,424 3,309
Loan servicing and clearing expenses 7,604 6,752 4,853
Advertising, business promotion, and strategic initiatives 6,999 5,851 5,208
Pandemic expenses 5,631 5,795 0
Communication 4,555 4,067 3,315
Printing, postage, stationary and supplies 4,037 3,847 2,468
Director and investor relations 1,135 1,174 1,216
Foreclosed real estate and other repossessed assets (income) expenses, net (3,007) 7,767 11,498
Merger and restructuring charges 0 16,083 24,054
Other 15,034 15,830 10,251
Total non-interest expense 325,756 345,286 233,244
Income before income taxes 214,603 94,826 75,250
Income tax expense 68,452 20,499 21,409
Net income 146,151 74,327 53,841
Less: dividends on preferred stock (1,255) (6,512) (6,512)
Income available to common shareholders $ 144,896 $ 67,815 $ 47,329
Earnings per common share:      
Basic (in dollars per share) $ 2.85 $ 1.32 $ 0.92
Diluted (in dollars per share) $ 2.81 $ 1.32 $ 0.92
Average common shares outstanding and equivalents (in shares) 51,370 51,555 51,719
Cash dividends per share of common stock (in dollars per share) $ 0.40 $ 0.28 $ 0.28