XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME:        
Interest and fees on loans $ 158,627 $ 146,188 $ 316,763 $ 284,131
Interest on securities 11,866 10,899 24,185 21,000
Interest on other investments 2,973 2,823 5,648 5,189
Total interest income 173,466 159,910 346,596 310,320
INTEREST EXPENSE:        
Interest on deposits 48,826 30,610 95,673 55,459
Interest Expense Federal Home loan Bank Advance 3,384 3,681 5,998 7,750
Interest on other borrowings and convertible notes 4,035 2,800 8,096 4,224
Total interest expense 56,245 37,091 109,767 67,433
NET INTEREST INCOME BEFORE PROVISION FOR LOAN LOSSES 117,221 122,819 236,829 242,887
PROVISION FOR LOAN LOSSES 1,200 2,300 4,200 4,800
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 116,021 120,519 232,629 238,087
NONINTEREST INCOME:        
Service fees on deposit accounts 4,416 4,613 8,733 9,414
International service fees 1,020 1,212 1,953 2,232
Loan servicing fees, net 738 1,010 1,467 2,589
Wire transfer fees 1,311 1,250 2,400 2,457
Net gains on sales of SBA loans 0 3,480 0 6,930
Net gains on sales of other loans 1,066 431 1,807 1,627
Net gains on sales of securities available for sale 129 0 129 0
Other income and fees 3,607 3,273 7,220 9,870
Total noninterest income 12,287 15,269 23,709 35,119
NONINTEREST EXPENSE:        
Salaries and employee benefits 39,297 40,575 79,726 79,960
Occupancy 7,839 7,418 15,516 14,657
Furniture and equipment 4,026 4,023 7,472 7,744
Advertising and marketing 2,245 2,737 4,307 5,036
Data processing and communications 2,587 3,574 5,543 7,069
Professional fees 5,959 4,474 11,339 7,580
Investments in affordable housing partnerships expenses 2,388 2,613 5,268 5,243
FDIC assessments 1,559 1,611 3,110 3,378
Credit related expenses 1,549 926 2,227 1,698
OREO expense, net 83 45 (69) (59)
Other 3,839 3,633 7,765 7,776
Total noninterest expense 71,371 71,629 142,204 140,082
INCOME BEFORE INCOME TAXES 56,937 64,159 114,134 133,124
INCOME TAX PROVISION 14,256 16,629 28,695 34,362
NET INCOME $ 42,681 $ 47,530 $ 85,439 $ 98,762
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 0.34 $ 0.36 $ 0.67 $ 0.74
Diluted (in dollars per share) $ 0.34 $ 0.36 $ 0.67 $ 0.73