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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and dividend income from continuing operations        
Loans $ 85,688 $ 118,371 $ 278,259 $ 338,012
Securities and other 12,080 15,354 39,392 46,060
Total interest and dividend income 97,768 133,725 317,651 384,072
Interest expense from continuing operations        
Deposits 16,070 31,501 60,460 86,396
Borrowings 4,643 5,353 16,118 23,751
Total interest expense 20,713 36,854 76,578 110,147
Net interest income from continuing operations 77,055 96,871 241,073 273,925
Non-interest income from continuing operations        
Other, net 1,927 609 492 1,363
(Loss)/gain on securities, net (1,017) 87 (9,925) 2,655
Total non-interest income 19,963 21,406 42,980 60,640
Total net revenue from continuing operations 97,018 118,277 284,053 334,565
Provision for credit losses 1,200 22,600 65,878 30,068
Non-interest expense from continuing operations        
Compensation and benefits 34,809 37,272 111,121 105,551
Occupancy and equipment 11,084 9,893 32,411 28,788
Technology and communications 8,540 6,849 24,376 19,821
Marketing and promotion 1,002 1,006 3,069 3,428
Professional services 2,567 2,282 7,852 8,510
FDIC premiums and assessments 1,518 0 4,658 3,390
Other real estate owned and foreclosures 40 150 81 150
Amortization of intangible assets 1,530 1,526 4,668 4,201
Goodwill impairment 0 0 553,762 0
Acquisition, restructuring, and other expenses 5,316 4,163 5,316 22,333
Other 6,437 7,870 21,129 23,398
Total non-interest expense 72,843 71,011 768,443 219,570
Income/(loss) from continuing operations before income taxes 22,975 24,666 (550,268) 84,927
Income tax (benefit)/expense (68) 4,007 (18,194) 16,042
Net income/(loss) from continuing operations 23,043 20,659 (532,074) 68,885
(Loss)/income from discontinued operations before income taxes (2,477) 2,747 (21,741) 3,975
Income tax (benefit)/expense (659) 790 (5,789) 1,161
Net (loss)/income from discontinued operations (1,818) 1,957 (15,952) 2,814
Net income/(loss) 21,225 22,616 (548,026) 71,699
Preferred stock dividend 58 240 313 720
Income/(loss) available to common shareholders $ 21,167 $ 22,376 $ (548,339) $ 70,979
Basic earnings/(loss) per common share:        
Continuing operations (in dollars per share) $ 0.46 $ 0.40 $ (10.58) $ 1.41
Discontinued operations (in dollars per share) (0.04) 0.04 (0.32) 0.06
Total (in dollars per share) 0.42 0.44 (10.90) 1.47
Diluted earnings/(loss) per common share:        
Continuing operations (in dollars per share) 0.46 0.40 (10.58) 1.40
Discontinued operations (in dollars per share) (0.04) 0.04 (0.32) 0.06
Total (in dollars per share) $ 0.42 $ 0.44 $ (10.90) $ 1.46
Weighted average shares outstanding:        
Basic (in shares) 50,329 51,422 50,256 48,846
Diluted (in shares) 50,329 51,545 50,256 48,987
Mortgage banking originations        
Non-interest income from continuing operations        
Total non-interest income $ 2,044 $ 292 $ 4,647 $ 616
Loan related income        
Non-interest income from continuing operations        
Total non-interest income 4,988 6,493 12,007 17,318
Deposit related fees        
Non-interest income from continuing operations        
Total non-interest income 7,062 8,705 20,382 23,088
Insurance commissions and fees        
Non-interest income from continuing operations        
Total non-interest income 2,660 2,895 8,451 8,486
Wealth management fees        
Non-interest income from continuing operations        
Total non-interest income 2,299 2,325 6,926 7,114
Total fee income        
Non-interest income from continuing operations        
Total non-interest income $ 19,053 $ 20,710 $ 52,413 $ 56,622