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Consolidated Statements Of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:    
Interest and fees on loans $ 129,736 $ 154,230
Interest on securities 7,915 10,609
Interest on other investments 642 2,029
Total interest income 138,293 166,868
INTEREST EXPENSE:    
Interest on deposits 12,770 41,113
Interest on FHLB advances 642 2,647
Interest on other borrowings and convertible notes 2,302 3,817
Total interest expense 15,714 47,577
NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES 122,579 119,291
PROVISION FOR CREDIT LOSSES 3,300 28,000
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 119,279 91,291
NONINTEREST INCOME:    
Service fees on deposit accounts 1,790 4,133
International service fees 841 790
Loan servicing fees, net 1,044 365
Wire transfer fees 844 998
Swap Fees Income 67 976
Net gains on sales of other loans 2,096 1,855
Other income and fees 2,122 4,147
Total noninterest income 8,804 13,264
NONINTEREST EXPENSE:    
Salaries and employee benefits 41,216 42,502
Occupancy 6,967 7,410
Furniture and equipment 4,186 4,259
Advertising and marketing 1,625 1,673
Data processing and communications 2,737 2,631
Professional fees 2,903 3,300
Investments in affordable housing partnership expenses 2,702 2,551
FDIC assessments 1,255 1,559
Credit related expenses 2,218 1,662
OREO expense, net 281 843
Other 4,341 3,750
Total noninterest expense 70,431 72,140
INCOME BEFORE INCOME TAXES 57,652 32,415
INCOME TAX PROVISION 13,965 6,462
NET INCOME $ 43,687 $ 25,953
EARNINGS PER COMMON SHARE    
Basic (in dollars per share) $ 0.35 $ 0.21
Diluted (in dollars per share) $ 0.35 $ 0.21