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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest and dividend income:        
Loans $ 131,017 $ 136,597 $ 398,267 $ 412,094
Investment securities 11,894 12,805 40,065 40,378
Money market investments 662 410 3,006 1,457
Total interest income 143,573 149,812 441,338 453,929
Interest expense:        
Deposits 16,742 16,851 51,223 51,525
Securities sold under agreements to repurchase 5,363 5,216 16,868 16,997
Advances from FHLB 1,474 955 4,416 2,833
Other borrowings 1,816 1,861 5,777 5,521
Total interest expense 25,395 24,883 78,284 76,876
Net interest income 118,178 124,929 363,054 377,053
Provision for loan and lease losses 21,503 31,176 63,542 138,412
Net interest income after provision for loan and lease losses 96,675 93,753 299,512 238,641
Non-interest income:        
Service charges and fees on deposit accounts 5,788 5,082 17,206 14,856
Mortgage banking activities 5,485 4,270 15,131 12,651
Net gain on sale of investments 6,096 0 6,104 0
Other-than-temporary impairment (OTTI) losses on available-for-sale debt securities:        
Total other-than-temporary impairment losses 0 0 (1,845) (29,521)
Portion of other-than-temporary impairment recognized in other comprehensive income (OCI) 0 (231) (4,842) 16,037
Net impairment losses on available-for-sale debt securities 0 (231) (6,687) (13,484)
Gain on early extinguishment of debt 0 0 4,217 0
Insurance commission income 1,363 1,265 6,174 5,809
Bargain purchase gain 0 0 0 13,443
Other non-interest income 7,414 8,372 22,248 24,882
Total non-interest income 26,146 18,758 64,393 58,157
Non-interest expenses:        
Employees' compensation and benefits 38,005 37,284 113,841 110,883
Occupancy and equipment 13,888 15,248 41,114 44,656
Business promotion 3,169 4,097 11,220 10,899
Professional fees 10,672 10,709 32,775 44,932
Taxes, other than income taxes 3,927 3,065 11,475 9,197
Insurance and supervisory fees 5,604 6,590 20,013 20,246
Net loss on real estate owned (REO) and REO operations 2,603 4,345 9,134 11,847
Credit and debit card processing expenses 3,546 4,283 10,102 12,185
Communications 1,711 2,189 5,244 5,842
Other non-interest expenses 5,178 5,467 15,926 17,117
Total non-interest expenses 88,303 93,277 270,844 287,804
Income before income taxes 34,518 19,234 93,061 8,994
Income tax expense (10,444) (4,476) (23,690) (2,664)
Net income 24,074 14,758 69,371 6,330
Net income attributable to common stockholders $ 24,074 $ 14,758 $ 69,371 $ 6,330
Net income per common share:        
Basic $ 0.11 $ 0.07 $ 0.33 $ 0.03
Diluted 0.11 0.07 0.32 0.03
Dividends declared per common share $ 0 $ 0 $ 0 $ 0