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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income    
Loans and leases, including fees $ 69,507 $ 63,966
Securities 27,239 16,047
Other interest-earning assets 2,096 1,049
Total interest and dividend income 98,842 81,062
Interest expense    
Deposits 13,960 8,107
Federal Home Loan Bank advances 1,423 1,262
Securities sold under repurchase agreements 6 160
Long term debt and other interest-bearing liabilities 2,972 4,294
Total interest expense 18,361 13,823
Net interest income 80,481 67,239
Provision for loan and lease losses 2,583 321
Net interest income after provision for loan and lease losses 77,898 66,918
Noninterest income    
Customer service fees 1,623 848
Loan servicing income (loss) 2,756 (2,205)
Income from bank owned life insurance 581 563
Net gain on sale of securities available-for-sale 3,356 16,789
Net gain on sale of loans 4,019 2,195
Loan brokerage income 1,027 901
Other income 1,541 2,102
Total noninterest income 14,903 21,193
Noninterest expense    
Salaries and employee benefits 32,443 33,469
Occupancy and equipment 10,668 8,941
Professional fees 15,073 5,903
Outside service fees 1,883 1,625
Data processing 2,179 1,686
Advertising 1,725 986
Regulatory assessments 2,441 1,736
Loss on investments in alternative energy partnerships 8,682 0
Reversal for loan repurchases (325) (359)
Amortization of intangible assets 1,090 1,322
Impairment on intangible assets 336 0
Restructuring expense 5,287 0
All other expense 8,414 3,835
Total noninterest expense 89,896 59,144
Income from continuing operations before income taxes 2,905 28,967
Income tax (benefit) expense (6,471) 11,661
Income from continuing operations 9,376 17,306
Income from discontinued operations before income taxes (including net gain on disposal of $13,302 for the three months ended March 31, 2017) 13,348 3,988
Income tax expense 5,523 1,607
Income from discontinued operations 7,825 2,381
Net income 17,201 19,687
Preferred stock dividends 5,113 4,575
Net income available to common stockholders $ 12,088 $ 15,112
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.08 $ 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) 0.23 0.36
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.08 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) $ 0.23 $ 0.36
Class A Common Stock    
Noninterest expense    
Income from continuing operations $ 9,338 $ 17,284
Income from discontinued operations 7,793 2,378
Preferred stock dividends $ 5,092 $ 4,569
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.08 $ 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) 0.23 0.36
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.08 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) $ 0.23 $ 0.36
Class B Common Stock    
Noninterest expense    
Income from continuing operations $ 38 $ 22
Income from discontinued operations 32 3
Preferred stock dividends $ 21 $ 6
Basic earnings per common share    
Income from continuing operations (in usd per share) $ 0.08 $ 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) 0.23 0.36
Diluted earnings per common share    
Income from continuing operations (in usd per share) 0.08 0.30
Income from discontinued operations (in usd per share) 0.15 0.06
Net income (in usd per share) $ 0.23 $ 0.36