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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans receivable $ 94,973 $ 94,935
Mortgage-backed securities 4,175 3,965
Taxable investment securities 648 936
Tax-free investment securities 185 182
Federal Home Loan Bank stock dividends 262 171
Interest-earning deposits 135 100
Total interest income 100,378 100,289
Interest expense:    
Deposits 11,403 10,145
Borrowed funds 1,747 2,162
Total interest expense 13,150 12,307
Net interest income 87,228 87,982
Provision for credit losses 27,637 6,467
Net interest income after provision for credit losses 59,591 81,515
Noninterest income:    
Gain on sale of loans 1,302 0
Gain/(loss) on sale of investments 181 (6)
Service charges and fees 15,116 12,043
Trust and other financial services income 5,001 4,195
Insurance commission income 2,372 2,178
Loss on real estate owned, net (91) (3)
Income from bank-owned life insurance 1,036 1,005
Mortgage banking income 1,194 216
Other operating income 1,865 2,034
Total noninterest income 27,976 21,662
Noninterest expense:    
Compensation and employee benefits 42,746 38,188
Premises and occupancy costs 7,471 7,218
Office operations 3,382 3,131
Collections expense 474 308
Processing expenses 11,142 10,434
Marketing expenses 1,507 1,886
Federal deposit insurance premiums 0 706
Professional services 2,812 2,524
Amortization of intangible assets 1,651 1,447
Real estate owned expense 95 159
Restructuring/acquisition expense 2,458 1,926
Other expenses 4,873 3,497
Total noninterest expense 78,611 71,424
Income before income taxes 8,956 31,753
Federal and state income taxes expense 1,017 6,709
Net income $ 7,939 $ 25,044
Basic earnings per share (in dollars per share) $ 0.08 $ 0.24
Diluted earnings per share (in dollars per share) $ 0.07 $ 0.24