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Consolidated Statements of Income (Loss) - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Loans and leases $ 116,080 $ 93,116
Investment securities 4,977 6,241
Other 4,286 1,718
Total interest income 125,343 101,075
Interest expense:    
Deposits 34,353 31,225
FHLB advances 5,390 5,293
Subordinated debt 2,689 1,684
Federal funds purchased and other borrowings 1,590 3,569
Total interest expense 44,022 41,771
Net interest income 81,321 59,304
Provision for credit losses on loans and leases 31,786 4,767
Net interest income after provision for credit losses on loans and leases 49,535 54,537
Non-interest income:    
Non-interest income 11,553 12,349
Commercial lease income 4,268 2,401
Bank-owned life insurance 1,762 1,816
Mortgage warehouse transactional fees 1,952 1,314
Gain (loss) on sale of SBA and other loans 11 0
Mortgage banking income 296 167
Gain (loss) on sale of investment securities 3,974 0
Unrealized gain (loss) on investment securities (1,378) 2
Other 776 3,003
Total non-interest income 21,930 19,718
Non-interest expense:    
Salaries and employee benefits 28,310 25,823
Technology, communication and bank operations 13,050 11,953
Professional services 7,670 4,573
Occupancy 3,032 2,903
Commercial lease depreciation 3,427 1,923
FDIC assessments, non-income taxes, and regulatory fees 2,867 1,988
Provision for operating losses 912 1,779
Advertising and promotion 1,641 809
Merger and acquisition related expenses 50 0
Loan workout 366 320
Other real estate owned 8 57
Other 5,126 1,856
Total non-interest expense 66,459 53,984
Income before income tax expense 5,006 20,271
Income tax expense 1,906 4,831
Net income 3,100 15,440
Preferred stock dividends 3,615 3,615
Net income (loss) available to common shareholders $ (515) $ 11,825
Basic earnings (loss) per common share (usd per share) $ (0.02) $ 0.38
Diluted earnings (loss) per common share (usd per share) $ (0.02) $ 0.38
Interchange and card revenue    
Non-interest income:    
Non-interest income $ 6,809 $ 8,806
Deposit fees    
Non-interest income:    
Non-interest income $ 3,460 $ 2,209