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Quarterly Financial Data - Unaudited (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data |
| Three Months Ended
(In Thousands, except Share Data) | December 31, |  | September 30, |  | June 30, |  | March 31,
2017 |  |  |  |  |  |  |
Operating results: |  |  |  |  |  |  |
Interest income | $ | 71,468 |  |  | $ | 62,737 |  |  | $ | 59,224 |  |  | $ | 54,628 |
Interest expense | (36,108 | ) |  | (27,443 | ) |  | (24,234 | ) |  | (21,031 | )
Net interest income | 35,360 |  |  | 35,294 |  |  | 34,990 |  |  | 33,597 |
Non-interest income | 10,951 |  |  | 26,070 |  |  | 25,297 |  |  | 27,755 |
Operating expenses | (20,367 | ) |  | (19,922 | ) |  | (18,641 | ) |  | (18,226 | )
Net income | 30,933 |  |  | 36,180 |  |  | 36,324 |  |  | 36,969 |
Per share data: |  |  |  |  |  |  |
Net income – basic | $ | 0.39 |  |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.47 |
Net income – diluted | 0.35 |  |  | 0.41 |  |  | 0.43 |  |  | 0.43 |
Regular dividends declared per common share | 0.28 |  |  | 0.28 |  |  | 0.28 |  |  | 0.28 |
2016 |  |  |  |  |  |  |
Operating results: |  |  |  |  |  |  |
Interest income (1) | $ | 56,334 |  |  | $ | 60,906 |  |  | $ | 66,787 |  |  | $ | 62,328 |
Interest expense | (20,537 | ) |  | (21,597 | ) |  | (22,444 | ) |  | (23,950 | )
Net interest income | 35,797 |  |  | 39,309 |  |  | 44,343 |  |  | 38,378 |
Reversal of (provision for) loan losses (2) | — |  |  | 859 |  |  | 6,532 |  |  | (289 | )
Non-interest income (3) | 9,763 |  |  | 33,712 |  |  | 10,888 |  |  | 4,454 |
Operating expenses (4) | (17,824 | ) |  | (20,355 | ) |  | (20,155 | ) |  | (30,452 | )
Net income | 25,355 |  |  | 52,553 |  |  | 41,281 |  |  | 12,063 |
Per share data: |  |  |  |  |  |  |
Net income – basic | $ | 0.32 |  |  | $ | 0.67 |  |  | $ | 0.52 |  |  | $ | 0.15 |
Net income – diluted | 0.31 |  |  | 0.58 |  |  | 0.48 |  |  | 0.15 |
Regular dividends declared per common share | 0.28 |  |  | 0.28 |  |  | 0.28 |  |  | 0.28 |
(1) | Interest income from the three-month period ended June 30, 2016 included $5 million of yield maintenance fees from commercial loans that prepaid during the quarter.
(2) | During the second quarter of 2016, we recorded a reversal of provision for loan losses of $7 million as a result of the transfer of most of our commercial mezzanine loans from held-for-investment to held-for sale.
(3) | Non-interest income for the three-month period ended September 30, 2016 included $5 million of realized gains from the sale of the majority of our commercial mezzanine loan portfolio.
(4) | During the first quarter of 2016, we recorded restructuring charges totaling $10 million associated with the restructuring of our conforming and commercial mortgage banking operations.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
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