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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:    
Loans, including fees $ 40,847 $ 48,706
Factored receivables, including fees 61,206 37,795
Securities 1,178 1,650
FHLB and other restricted stock 76 76
Cash deposits 128 126
Total interest income 103,435 88,353
Interest expense:    
Deposits 1,561 3,372
Subordinated notes 1,299 1,349
Junior subordinated debentures 454 442
Other borrowings 42 170
Total interest expense 3,356 5,333
Net interest income 100,079 83,020
Credit loss expense (benefit) 501 (7,845)
Net interest income after credit loss expense (benefit) 99,578 90,865
Noninterest income:    
Net OREO gains (losses) and valuation adjustments (132) (80)
Insurance commissions 1,672 1,486
Other (96) 6,877
Total noninterest income 11,121 14,291
Noninterest expense:    
Salaries and employee benefits 46,284 35,980
Occupancy, furniture and equipment 6,436 5,779
FDIC insurance and other regulatory assessments 411 977
Professional fees 3,659 2,545
Amortization of intangible assets 3,108 1,975
Advertising and promotion 1,202 890
Communications and technology 9,112 5,900
Other 8,352 6,846
Total noninterest expense 78,564 60,892
Net income before income tax expense 32,135 44,264
Income tax expense 7,806 10,341
Net income 24,329 33,923
Dividends on preferred stock (801) (801)
Net income available to common stockholders $ 23,528 $ 33,122
Earnings per common share    
Basic (in dollars per share) $ 0.95 $ 1.34
Diluted (in dollars per share) $ 0.93 $ 1.32
Service charges on deposits    
Noninterest income:    
Revenue $ 1,963 $ 1,787
Card income    
Noninterest income:    
Revenue 2,011 1,972
Fee income    
Noninterest income:    
Revenue $ 5,703 $ 2,249