XML 86 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Real estate secured loans $ 54,441 $ 55,006
Commercial loans 18,672 20,510
Consumer loans 4,172 4,783
Available for sale debt securities, equity securities and Federal Home Loan Bank Stock 7,069 8,409
Held to maturity debt securities 2,940 3,162
Deposits, Federal funds sold and other short-term investments 875 541
Total interest income 88,169 92,411
Interest expense:    
Deposits 10,958 10,494
Borrowed funds 5,190 6,910
Total interest expense 16,148 17,404
Net interest income 72,021 75,007
Provision for credit losses 14,717 200
Net interest income after credit loss expense 57,304 74,807
Non-interest income:    
Fees 6,529 6,097
Wealth management income 6,251 4,079
Bank-owned life insurance 787 1,696
Net gain on securities transactions 11 0
Other income 3,413 316
Total non-interest income 16,991 12,188
Non-interest expense:    
Compensation and employee benefits 31,195 28,369
Net occupancy expense 6,203 6,857
Data processing expense 4,430 3,969
FDIC insurance 0 739
Amortization of intangibles 744 490
Advertising and promotion expense 1,369 883
Provision for credit losses for off-balance sheet credit exposure 1,000 0
Other operating expenses 9,166 7,109
Total non-interest expense 54,107 48,416
Income before income tax expense 20,188 38,579
Income tax expense 5,257 7,689
Net income $ 14,931 $ 30,890
Basic earnings per share (usd per share) $ 0.23 $ 0.48
Weighted average basic shares outstanding (in shares) 64,386,138 64,766,619
Diluted earnings per share (usd per share) $ 0.23 $ 0.48
Weighted average diluted shares outstanding (in shares) 64,457,263 64,912,738