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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Loans, including fees $ 39,316 $ 30,499
Investment securities:    
Taxable interest 10,495 10,530
Tax-exempt interest 32 47
Interest earning deposits 1,623 2,502
Total interest income 51,466 43,578
Interest expense    
Deposits 8,228 8,870
Short-term borrowings 165 503
Subordinated debentures 162 195
Total interest expense 8,555 9,568
Net interest income 42,911 34,010
Provision for credit losses 3,579 1,700
Net interest income after provision for credit losses 39,332 32,310
Non-interest income    
Net realized and unrealized gains (losses) on commercial loans originated for sale (5,156) 10,763
Change in value of investment in unconsolidated entity (45)  
Leasing related income 833 695
Other 571 394
Total non-interest income 16,599 30,365
Non-interest expense    
Salaries and employee benefits 22,741 23,840
Depreciation and amortization 844 974
Rent and related occupancy cost 1,419 1,428
Data processing expense 1,169 1,269
Printing and supplies 158 140
Audit expense 401 467
Legal expense 913 1,324
Amortization of intangible assets 147 383
FDIC insurance 2,589 1,929
Software 3,477 2,921
Insurance 623 594
Telecom and IT network communications 392 325
Consulting 255 635
Other 3,290 3,000
Total non-interest expense 38,418 39,229
Income from continuing operations before income taxes 17,513 23,446
Income tax expense 4,352 6,035
Net income from continuing operations 13,161 17,411
Discontinued operations    
Income (loss) from discontinued operations before income taxes (775) 805
Income tax expense (benefit) (205) 286
Income (loss) from discontinued operations, net of tax (570) 519
Net income $ 12,591 $ 17,930
Net income per share from continuing operations - basic $ 0.23 $ 0.31
Net income (loss) per share from discontinued operations - basic (0.01) 0.01
Net income per share - basic 0.22 0.32
Net income per share from continuing operations - diluted 0.23 0.31
Net income (loss) per share from discontinued operations - diluted (0.01) 0.01
Net income per share - diluted $ 0.22 $ 0.32
Service Fees On Deposit Accounts [Member]    
Non-interest income    
Non-interest income $ 10 $ 47
ACH, Card And Other Payment Processing Fees [Member]    
Non-interest income    
Non-interest income 1,846 2,303
Prepaid, Debit Card And Related Fees [Member]    
Non-interest income    
Non-interest income $ 18,540 $ 16,163