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Consolidated Statements Of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME:        
Interest and fees on loans $ 131,823 $ 134,190 $ 261,559 $ 288,420
Interest on securities 7,713 9,891 15,628 20,500
Interest on other investments 668 980 1,310 3,009
Total interest income 140,204 145,061 278,497 311,929
INTEREST EXPENSE:        
Interest on deposits 10,696 29,451 23,466 70,564
Interest on FHLB advances 631 2,238 1,273 4,885
Interest on other borrowings and convertible notes 2,300 3,558 4,602 7,375
Total interest expense 13,627 35,247 29,341 82,824
NET INTEREST INCOME BEFORE PROVISION (CREDIT) FOR CREDIT LOSSES 126,577 109,814 249,156 229,105
PROVISION (CREDIT) FOR CREDIT LOSSES (7,000) 17,500 (3,700) 45,500
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR CREDIT LOSSES 133,577 92,314 252,856 183,605
NONINTEREST INCOME:        
Service fees on deposit accounts 1,777 2,583 3,567 6,716
International service fees 795 667 1,636 1,456
Loan servicing fees, net 934 1,106 1,978 1,471
Wire transfer fees 923 820 1,767 1,818
Swap fees 165 1,040 232 2,016
Net gains on sales of SBA loans 2,375 0 2,375 0
Net gains on sales of other loans 1,028 1,678 3,124 3,533
Other income and fees 3,079 3,346 5,201 7,494
Total noninterest income 11,076 11,240 19,880 24,504
NONINTEREST EXPENSE:        
Salaries and employee benefits 42,309 38,850 83,525 81,352
Occupancy 7,067 7,043 14,034 14,453
Furniture and equipment 4,822 4,654 9,008 8,913
Advertising and marketing 2,097 1,315 3,722 2,988
Data processing and communications 2,411 2,274 5,148 4,905
Professional fees 4,395 1,510 7,298 4,810
Investments in affordable housing partnership expenses 2,952 2,873 5,654 5,424
FDIC assessments 1,284 1,652 2,539 3,211
Credit related expenses 43 1,361 2,261 3,023
OREO expense, net 298 1,338 579 2,181
Capitalized Computer Software, Impairments 2,146 0 2,146 0
Other 3,299 4,160 7,640 7,910
Total noninterest expense 73,123 67,030 143,554 139,170
INCOME BEFORE INCOME TAXES 71,530 36,524 129,182 68,939
INCOME TAX PROVISION 17,767 9,771 31,732 16,233
NET INCOME $ 53,763 $ 26,753 $ 97,450 $ 52,706
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 0.44 $ 0.22 $ 0.79 $ 0.43
Diluted (in dollars per share) $ 0.43 $ 0.22 $ 0.78 $ 0.42