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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Loans, including fees $ 75,579 $ 46,426 $ 181,320 $ 143,784
Investment securities:        
Taxable interest 6,792 6,882 17,115 22,891
Tax-exempt interest 25 25 74 78
Interest earning deposits 1,525 167 2,876 650
Total interest income 83,921 53,500 201,385 167,403
Interest expense        
Deposits 16,065 1,209 23,261 4,494
Short-term borrowings 1,235 7 1,267 15
Long-term borrowings 506   506  
Senior debt 1,279 1,279 3,838 3,838
Subordinated debentures 177 112 432 337
Total interest expense 19,262 2,607 29,304 8,684
Net interest income 64,659 50,893 172,081 158,719
Provision for credit losses 822 1,613 4,331 1,484
Net interest income after provision for (reversal of) credit losses 63,837 49,280 167,750 157,235
Non-interest income        
Net realized and unrealized gains on commercial loans, at fair value 745 4,306 11,262 8,881
Leasing related income 1,048 1,968 3,566 4,700
Other 228 186 698 459
Total non-interest income 23,426 26,588 79,943 76,523
Non-interest expense        
Salaries and employee benefits 28,001 25,094 77,848 77,839
Depreciation and amortization 685 729 2,224 2,144
Rent and related occupancy cost 1,268 1,256 3,831 3,777
Data processing expense 1,292 1,209 3,727 3,481
Printing and supplies 154 81 342 277
Audit expense 366 356 1,107 1,110
Legal expense 907 1,251 3,175 5,349
Legal settlement     1,152  
Civil money penalties 1,750   1,750  
Amortization of intangible assets 99 99 298 298
FDIC insurance 679 266 2,326 5,235
Software 4,001 4,045 12,030 11,435
Insurance 1,314 1,110 3,692 2,881
Telecom and IT network communications 368 413 1,119 1,227
Consulting 339 448 902 952
Other 3,607 3,027 10,504 9,145
Total non-interest expense 44,830 39,384 126,027 125,150
Income from continuing operations before income taxes 42,433 36,484 121,666 108,608
Income tax expense 11,829 8,289 31,694 25,195
Net income from continuing operations 30,604 28,195 89,972 83,413
Discontinued operations        
Income from discontinued operations before income taxes   87   324
Income tax expense   21   76
Income from discontinued operations, net of tax   66   248
Net income $ 30,604 $ 28,261 $ 89,972 $ 83,661
Net income per share from continuing operations - basic $ 0.54 $ 0.49 $ 1.58 $ 1.45
Net income per share from discontinued operations - basic 0.01
Net income per share - basic 0.54 0.49 1.58 1.46
Net income per share from continuing operations - diluted 0.54 0.48 1.56 1.41
Net income per share from discontinued operations - diluted 0.01
Net income per share - diluted $ 0.54 $ 0.48 $ 1.56 $ 1.42
ACH, Card And Other Payment Processing Fees [Member]        
Non-interest income        
Fees $ 2,230 $ 1,905 $ 6,552 $ 5,605
Prepaid, Debit Card And Related Fees [Member]        
Non-interest income        
Fees $ 19,175 $ 18,223 $ 57,865 $ 56,878