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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY FINANCIAL INFORMATION | QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Table 15.1
| 2019 Quarter Ended |  |  |  |  |  |  |
| Dec. 31 |  |  | Sept. 30 |  |  | June 30 |  |  | Mar. 31 |
| (in thousands, except per share amounts) |  |  |  |  |  |  |
Interest income: |  |  |  |  |  |  |  |
Interest income |  | $ | 162,954 |  |  | $ | 161,496 |  |  | $ | 165,128 |  |  | $ | 155,515 |
Interest expense |  | 113,584 |  |  | 121,384 |  |  | 122,074 |  |  | 114,916 |
Net interest income |  | 49,370 |  |  | 40,112 |  |  | 43,054 |  |  | 40,599 |
(Provision for)/release of loan losses |  | (2,430) |  |  | (760) |  |  | (578) |  |  | 264 |
Net interest income after (provision for)/release of loan losses |  | 46,940 |  |  | 39,352 |  |  | 42,476 |  |  | 40,863 |
Non-interest income: |  |  |  |  |  |  |  |
Guarantee and commitment fees |  | 3,401 |  |  | 3,349 |  |  | 3,403 |  |  | 3,513 |
Gains/(losses) on financial derivatives |  | 4,089 |  |  | (7,360) |  |  | 8,913 |  |  | (360) |
Gains on trading assets |  | 172 |  |  | 49 |  |  | 61 |  |  | 44 |
Losses on sale of available-for-sale securities |  | (236) |  |  | — |  |  | — |  |  | — |
Other income |  | 526 |  |  | 530 |  |  | 355 |  |  | 493 |
Non-interest income |  | 7,952 |  |  | (3,432) |  |  | 12,732 |  |  | 3,690 |
Non-interest expense |  | 13,651 |  |  | 13,458 |  |  | 12,052 |  |  | 12,761 |
Income before income taxes |  | 41,241 |  |  | 22,462 |  |  | 43,156 |  |  | 31,792 |
Income tax expense |  | 8,743 |  |  | 4,629 |  |  | 9,111 |  |  | 6,622 |
Net income |  | 32,498 |  |  | 17,833 |  |  | 34,045 |  |  | 25,170 |
Preferred stock dividends |  | (3,432) |  |  | (3,427) |  |  | (3,785) |  |  | (3,296) |
Loss on retirement of preferred stock |  | — |  |  | — |  |  | (1,956) |  |  | — |
Net income attributable to common stockholders |  | $ | 29,066 |  |  | $ | 14,406 |  |  | $ | 28,304 |  |  | $ | 21,874 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 2.72 |  |  | $ | 1.34 |  |  | $ | 2.65 |  |  | $ | 2.05 |
Diluted earnings per common share |  | $ | 2.70 |  |  | $ | 1.33 |  |  | $ | 2.63 |  |  | $ | 2.03 |
| 2018 Quarter Ended |  |  |  |  |  |  |
| Dec. 31 |  |  | Sept. 30 |  |  | June 30 |  |  | Mar. 31 |
| (in thousands, except per share amounts) |  |  |  |  |  |  |
Interest income: |  |  |  |  |  |  |  |
Interest income |  | $ | 146,453 |  |  | $ | 142,615 |  |  | $ | 135,670 |  |  | $ | 119,546 |
Interest expense |  | 104,237 |  |  | 97,557 |  |  | 91,737 |  |  | 76,317 |
Net interest income |  | 42,216 |  |  | 45,058 |  |  | 43,933 |  |  | 43,229 |
(Provision for)/release of loan losses |  | (146) |  |  | (99) |  |  | (424) |  |  | 431 |
Net interest income after (provision for)/release of loan losses |  | 42,070 |  |  | 44,959 |  |  | 43,509 |  |  | 43,660 |
Non-interest income/(loss): |  |  |  |  |  |  |  |
Guarantee and commitment fees |  | 3,506 |  |  | 3,490 |  |  | 3,481 |  |  | 3,499 |
(Losses)/gains on financial derivatives |  | (2,999) |  |  | 628 |  |  | 2,534 |  |  | (3,850) |
Gains/(losses) on trading assets |  | 57 |  |  | (3) |  |  | 11 |  |  | 16 |
(Losses)/gains on sale of real estate owned |  | — |  |  | (41) |  |  | 34 |  |  | — |
Other income |  | 118 |  |  | 365 |  |  | 320 |  |  | 574 |
Non-interest income |  | 682 |  |  | 4,439 |  |  | 6,380 |  |  | 239 |
Non-interest expense |  | 13,703 |  |  | 11,650 |  |  | 12,921 |  |  | 11,642 |
Income before income taxes |  | 29,049 |  |  | 37,748 |  |  | 36,968 |  |  | 32,257 |
Income tax expense |  | 6,193 |  |  | 7,979 |  |  | 7,332 |  |  | 6,438 |
Net income |  | 22,856 |  |  | 29,769 |  |  | 29,636 |  |  | 25,819 |
Preferred stock dividends |  | (3,296) |  |  | (3,295) |  |  | (3,296) |  |  | (3,295) |
Net income attributable to common stockholders |  | $ | 19,560 |  |  | $ | 26,474 |  |  | $ | 26,340 |  |  | $ | 22,524 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 1.84 |  |  | $ | 2.48 |  |  | $ | 2.47 |  |  | $ | 2.12 |
Diluted earnings per common share |  | $ | 1.82 |  |  | $ | 2.46 |  |  | $ | 2.45 |  |  | $ | 2.10 |

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