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Consolidated Statements Of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INTEREST INCOME:        
Interest and fees on loans $ 175,078 $ 132,794 $ 452,774 $ 394,353
Interest on investment securities 13,498 9,207 37,462 24,835
Interest on other investments 606 865 1,642 2,175
Total interest income 189,182 142,866 491,878 421,363
INTEREST EXPENSE:        
Interest on deposits 30,667 9,640 51,563 33,106
Interest Expense, FHLB and FRB borrowings 2,393 640 4,537 1,913
Interest on other borrowings and convertible notes 2,936 2,290 7,878 6,892
Total interest expense 35,996 12,570 63,978 41,911
NET INTEREST INCOME BEFORE PROVISION (CREDIT) FOR CREDIT LOSSES 153,186 130,296 427,900 379,452
PROVISION (CREDIT) FOR CREDIT LOSSES 9,200 (10,000) 1,400 (13,700)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR CREDIT LOSSES 143,986 140,296 426,500 393,152
NONINTEREST INCOME:        
Service fees on deposit accounts 2,535 1,814 6,779 5,381
International service fees 834 889 2,372 2,525
Loan servicing fees, net 981 642 2,660 2,620
Wire transfer fees 856 836 2,614 2,603
Swap fees 1,193 293 2,153 525
Net gains on sales of SBA loans 2,782 2,459 14,189 4,834
Gain (Loss) on Sale of Mortgage Loans 29 781 862 3,905
Net gains on sales of residential mortgage loans 117 0 (430) 0
Other income and fees 4,028 2,903 8,088 8,104
Total noninterest income 13,355 10,617 39,287 30,497
NONINTEREST EXPENSE:        
Salaries and employee benefits 53,222 47,018 152,025 130,543
Occupancy 6,682 7,473 21,195 21,507
Furniture and equipment 4,967 4,429 14,389 13,437
Advertising and marketing 1,739 2,656 5,601 6,378
Data processing and communications 2,469 2,394 7,823 7,542
Professional fees 1,196 2,431 4,989 9,729
Investments in affordable housing partnership expenses 2,329 2,646 6,192 8,300
FDIC assessments 1,633 1,204 4,652 3,743
Credit related expenses 873 1,266 4,857 3,527
OREO expense, net 378 248 740 827
Software impairment 0 0 0 2,146
Earnings credit rebate 4,685 407 5,996 1,287
Other 3,741 3,330 11,193 10,090
Total noninterest expense 83,914 75,502 239,652 219,056
INCOME BEFORE INCOME TAXES 73,427 75,411 226,135 204,593
INCOME TAX PROVISION 19,679 19,912 59,561 51,644
NET INCOME $ 53,748 $ 55,499 $ 166,574 $ 152,949
EARNINGS PER COMMON SHARE        
Basic (in dollars per share) $ 0.45 $ 0.45 $ 1.39 $ 1.24
Diluted (in dollars per share) $ 0.45 $ 0.45 $ 1.38 $ 1.23