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Consolidated Statements of Operations - 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 and leases, including fees $ 80,370 $ 60,454 $ 221,257 $ 179,308
Securities 19,934 5,054 55,374 9,100
Other interest-earning assets 1,931 1,007 4,484 3,731
Total interest and dividend income 102,235 66,515 281,115 192,139
Interest expense        
Deposits 11,224 6,395 27,716 18,921
Federal Home Loan Bank advances 1,413 587 4,641 1,230
Securities sold under repurchase agreements 48 3 597 3
Long term debt and other interest-bearing liabilities 2,589 3,980 9,746 10,334
Total interest expense 15,274 10,965 42,700 30,488
Net interest income 86,961 55,550 238,415 161,651
Provision for loan and lease losses 2,592 735 4,682 6,209
Net interest income after provision for loan and lease losses 84,369 54,815 233,733 155,442
Noninterest income        
Customer service fees 1,566 1,118 3,587 3,100
Loan servicing income (loss) 2,096 (2,254) (6,539) (689)
Income from bank owned life insurance 595 369 1,738 475
Net gain on sale of securities available-for-sale 487 1,750 30,100 1,748
Net gain on sale of loans 11,063 9,737 15,405 22,047
Net revenue on mortgage banking activities 50,159 37,015 127,638 114,351
Advisory service fees 0 2,294 1,507 7,926
Loan brokerage income 1,384 660 3,017 2,462
Gain on sale of building 0 0 0 9,919
Gain on sale of subsidiary 0 0 3,694 0
Other income 7,280 38 12,046 2,061
Total noninterest income 74,630 50,727 192,193 163,400
Noninterest expense        
Salaries and employee benefits 68,033 53,215 186,238 159,106
Occupancy and equipment 12,728 10,109 36,411 30,205
Professional fees 6,732 5,261 19,707 15,385
Outside service fees 3,130 2,275 9,379 5,331
Data processing 2,837 2,170 7,869 6,080
Advertising 2,858 1,335 7,091 3,499
Regulatory assessments 2,125 1,381 5,740 4,111
Loss on investments in alternative energy partnerships, net 17,660 0 17,660 0
Provision (reversal) for loan repurchases 49 179 (451) 2,023
Amortization of intangible assets 1,179 1,401 3,823 4,490
Impairment on intangible assets 0 0 0 258
All other expense 6,931 4,417 19,970 15,054
Total noninterest expense 124,262 81,743 313,437 245,542
Income before income taxes 34,737 23,799 112,489 73,300
Income tax (benefit) expense (1,200) 9,263 30,337 30,266
Net income 35,937 14,536 82,152 43,034
Preferred stock dividends 5,112 3,040 14,801 6,793
Net income available to common stockholders $ 30,825 $ 11,496 $ 67,351 $ 36,241
Basic earnings per common share (in usd per share) $ 0.60 $ 0.29 $ 1.42 $ 0.95
Diluted earnings per common share (in usd per share) $ 0.59 $ 0.29 $ 1.40 $ 0.93
Class A Common Stock        
Noninterest expense        
Net income $ 35,820 $ 14,536 $ 81,963 $ 43,018
Preferred stock dividends $ 5,095 $ 3,040 $ 14,767 $ 6,790
Basic earnings per common share (in usd per share) $ 0.60 $ 0.29 $ 1.42 $ 0.95
Diluted earnings per common share (in usd per share) $ 0.59 $ 0.29 $ 1.40 $ 0.93
Class B Common Stock        
Noninterest expense        
Net income $ 117 $ 0 $ 189 $ 16
Preferred stock dividends $ 17 $ 0 $ 34 $ 3
Basic earnings per common share (in usd per share) $ 0.60 $ 0.29 $ 1.42 $ 0.95
Diluted earnings per common share (in usd per share) $ 0.60 $ 0.29 $ 1.42 $ 0.95