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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
INTEREST AND DIVIDEND INCOME        
Interest and fees on loans and leases $ 51,036 $ 63,391 $ 155,347 $ 177,298
Interest on securities 7,070 7,040 22,616 19,807
Other interest and dividend income 128 598 1,342 1,794
Total interest and dividend income 58,234 71,029 179,305 198,899
INTEREST EXPENSE        
Deposits 2,760 9,618 14,810 27,000
Other borrowings 465 2,835 2,838 7,266
Subordinated notes and debentures 1,485 738 2,699 2,262
Total interest expense 4,710 13,191 20,347 36,528
Net interest income 53,524 57,838 158,958 162,371
PROVISION FOR LOAN AND LEASE LOSSES 15,740 5,931 45,713 16,321
Net interest income after provision for loan and lease losses 37,784 51,907 113,245 146,050
NON-INTEREST INCOME        
Total non-interest income 22,252 14,806 44,213 40,977
ATM and interchange fees 1,028 973 3,089 2,635
Net gains on sales of securities available-for-sale 1,037 178 2,412 1,151
Change in fair value of equity securities, net 154 (15) 301 1,035
Net gains on sales of loans 12,671 9,405 23,900 23,110
Wealth management and trust income 693 653 1,970 1,874
Other non-interest income 1,008 918 1,789 2,582
NON-INTEREST EXPENSE        
Salaries and employee benefits 23,126 24,537 67,197 71,081
Occupancy and equipment expense, net 5,220 4,512 16,103 14,530
Loan and lease related expenses 2,053 1,949 4,624 5,367
Legal, audit and other professional fees 2,390 4,066 6,802 9,113
Data processing 2,661 4,062 8,152 11,055
Net loss recognized on other real estate owned and other related expenses 349 95 1,324 543
Other intangible assets amortization expense 1,947 2,003 5,732 5,735
Other non-interest expense 3,959 4,224 12,310 12,657
Total non-interest expense 41,705 45,448 122,244 130,081
INCOME BEFORE PROVISION FOR INCOME TAXES 18,331 21,265 35,214 56,946
PROVISION FOR INCOME TAXES 5,260 5,923 10,038 15,796
NET INCOME 13,071 15,342 25,176 41,150
Dividends on preferred shares 196 196 587 587
INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 12,875 $ 15,146 $ 24,589 $ 40,563
EARNINGS PER COMMON SHARE        
Basic $ 0.34 $ 0.40 $ 0.65 $ 1.09
Diluted $ 0.34 $ 0.39 $ 0.64 $ 1.07
Fees and Service Charges on Deposits [Member]        
NON-INTEREST INCOME        
Total non-interest income $ 1,603 $ 1,612 $ 4,731 $ 4,823
Loan Servicing Revenue [Member]        
NON-INTEREST INCOME        
Total non-interest income 2,936 2,692 8,674 7,861
Loan Servicing Asset Revaluation [Member]        
NON-INTEREST INCOME        
Total non-interest income $ 1,122 $ (1,610) $ (2,653) $ (4,094)