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Quarterly Financial Data (Notes)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data Disclosure [Abstract]  
Quarterly Financial Information
23. QUARTERLY FINANCIAL DATA (UNAUDITED)
 
 
Year Ended December 31, 2015
 
 
Fourth Quarter
 
Third Quarter
(1)
 
Second Quarter
(1)
 
First Quarter
(1)
 
 
(in thousands, except share amounts)
Interest income
 
$
151,331

 
$
146,233

 
$
116,618

 
$
110,962

Interest expense
 
7,988

 
8,826

 
7,900

 
7,854

Net interest income
 
143,343

 
137,407

 
108,718

 
103,108

Provision for credit losses
 
2,500

 

 

 
700

Net interest income after provision for credit losses
 
140,843

 
137,407

 
108,718

 
102,408

Non-interest income
 
9,479

 
8,502

 
5,545

 
6,242

Non-interest expense
 
(72,448
)
 
(72,916
)
 
(61,209
)
 
(54,033
)
Income from continuing operations before provision for income taxes
 
77,874

 
72,993

 
53,054

 
54,617

Income tax expense
 
19,348

 
17,133

 
13,579

 
14,234

Net income
 
58,526

 
55,860

 
39,475

 
40,383

Dividends on preferred stock
 
151

 
176

 
247

 
176

Net income available to common stockholders
 
$
58,375

 
$
55,684

 
$
39,228

 
$
40,207

Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.58

 
$
0.55

 
$
0.44

 
$
0.46

Diluted
 
$
0.57

 
$
0.55

 
$
0.44

 
$
0.45

(1)
Due to the Company's election to early adopt an element of ASU 2016-01, changes in the fair value of junior subordinated debt are presented as part of OCI rather than earnings effective January 1, 2015. Accordingly, prior period 2015 amounts have been adjusted.
 
 
Year Ended December 31, 2014
 
 
Fourth Quarter
 
Third Quarter
 
Second Quarter
 
First Quarter
 
 
(in thousands, except per share amounts)
Interest income
 
$
110,151

 
$
105,554

 
$
101,973

 
$
98,701

Interest expense
 
8,006

 
7,481

 
8,075

 
7,924

Net interest income
 
102,145

 
98,073

 
93,898

 
90,777

Provision for credit losses
 
300

 
419

 
507

 
3,500

Net interest income after provision for credit losses
 
101,845

 
97,654

 
93,391

 
87,277

Non-interest income
 
8,417

 
6,073

 
5,599

 
4,562

Non-interest expense
 
(55,742
)
 
(49,859
)
 
(52,242
)
 
(49,476
)
Income from continuing operations before provision for income taxes
 
54,520

 
53,868

 
46,748

 
42,363

Income tax expense
 
14,111

 
12,949

 
10,706

 
10,624

Income from continuing operations
 
40,409

 
40,919

 
36,042

 
31,739

Loss from discontinued operations, net of tax
 

 

 
(504
)
 
(654
)
Net income
 
40,409

 
40,919

 
35,538

 
31,085

Dividends on preferred stock
 
329

 
353

 
352

 
353

Net income available to common stockholders
 
$
40,080

 
$
40,566

 
$
35,186

 
$
30,732

Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.46

 
$
0.47

 
$
0.41

 
$
0.35

Diluted
 
$
0.46

 
$
0.46

 
$
0.40

 
$
0.35