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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Interest income      
Loans $ 216,097,000 $ 220,898,000 $ 263,011,000
Investment securities 31,500,000 39,023,000 47,210,000
Interest earning deposits with banks 247,000 633,000 2,753,000
Total interest income 247,844,000 260,554,000 312,974,000
Interest expense      
Interest bearing demand deposits 591,000 439,000 925,000
Savings and money market deposits 3,533,000 7,128,000 15,690,000
Time deposits 23,766,000 45,765,000 51,757,000
Advances from the Federal Home Loan Bank 8,595,000 13,168,000 24,325,000
Senior notes 3,768,000 1,968,000 0
Junior subordinated debentures 2,449,000 2,533,000 7,184,000
Securities sold under agreements to repurchase 1,000 1,000 5,000
Total interest expense 42,703,000 71,002,000 99,886,000
Net interest income 205,141,000 189,552,000 213,088,000
Reversal of (provision for) loan losses (16,500,000) 88,620,000 (3,150,000)
Net interest income after (reversal of) provision for loan losses 221,641,000 100,932,000 216,238,000
Noninterest income      
Deposits and service fees 17,214,000 15,838,000 17,067,000
Brokerage, advisory and fiduciary activities 18,616,000 16,949,000 14,936,000
Change in cash surrender value of bank owned life insurance 5,459,000 5,695,000 5,710,000
Cards and trade finance servicing fees 1,771,000 1,346,000 3,925,000
Data processing and fees for other services 0 0 955,000
Securities gains, net 3,740,000 26,990,000 2,605,000
Loss on early extinguishment of advances from the Federal Home Loan Bank, net (2,488,000) (73,000) (886,000)
Gain on sale of headquarters building 62,387,000 0 0
Loan-level derivative income 3,951,000 3,173,000 5,148,000
Other noninterest income 9,971,000 3,552,000 7,650,000
Total noninterest income 120,621,000 73,470,000 57,110,000
Noninterest expense      
Salaries and employee benefits 117,585,000 111,469,000 137,380,000
Professional and other services fees 19,911,000 13,459,000 16,123,000
Occupancy and equipment 20,364,000 17,624,000 16,194,000
Telecommunication and data processing 14,949,000 12,931,000 13,063,000
Depreciation and amortization 7,269,000 9,385,000 7,094,000
FDIC assessments and insurance 6,423,000 6,141,000 4,043,000
Other operating expenses 11,741,000 7,727,000 15,420,000
Total noninterest expenses 198,242,000 178,736,000 209,317,000
Income (loss) before income tax (expense) benefit 144,020,000 (4,334,000) 64,031,000
Income tax (expense) benefit (33,709,000) 2,612,000 (12,697,000)
Net income (loss) before attribution of noncontrolling interest 110,311,000 (1,722,000) 51,334,000
Net loss attributable to noncontrolling interest (2,610,000) 0 0
Net income (loss) attributable to Amerant Bancorp Inc. 112,921,000 (1,722,000) 51,334,000
Other comprehensive (loss) income, net of tax      
Net unrealized holding (losses) gains on securities available for sale arising during the period (12,960,000) 39,941,000 32,810,000
Net unrealized holding gains (losses) on cash flow hedges arising during the period 137,000 (1,730,000) 287,000
Reclassification adjustment for items included in net income (3,624,000) (19,781,000) (2,571,000)
Cumulative effect of change in accounting principle 0 0 872,000
Other comprehensive (loss) income (16,447,000) 18,430,000 31,398,000
Comprehensive income $ 96,474,000 $ 16,708,000 $ 82,732,000
Earnings (Loss) Per Share (Note 22)      
Basic (loss) earnings per common share (in dollars per share) $ 3.04 $ (0.04) $ 1.21
Diluted (loss) earnings per common share (in dollars per share) $ 3.01 $ (0.04) $ 1.20