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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Loans $ 293,210 $ 216,097 $ 220,898
Investment securities 41,413 31,500 39,023
Interest earning deposits with banks 4,153 247 633
Total interest income 338,776 247,844 260,554
Interest expense      
Interest bearing demand deposits 15,118 591 439
Savings and money market deposits 11,808 3,533 7,128
Time deposits 22,124 23,766 45,765
Advances from the Federal Home Loan Bank 15,092 8,595 13,168
Senior notes 3,766 3,768 1,968
Subordinated notes 1,172 0 0
Junior subordinated debentures 3,030 2,449 2,533
Securities sold under agreements to repurchase 1 1 1
Total interest expense 72,111 42,703 71,002
Net interest income 266,665 205,141 189,552
Provision for (reversal of) credit losses 13,945 (16,500) 88,620
Net interest income after provision for (reversal of) credit losses 252,720 221,641 100,932
Noninterest income      
Deposits and service fees 18,592 17,214 15,838
Brokerage, advisory and fiduciary activities 17,708 18,616 16,949
Gain (loss) on early extinguishment of advances from the Federal Home Loan Bank, net 10,678 (2,488) (73)
Loan level derivative income 10,360 3,951 3,173
Change in cash surrender value of bank owned life insurance 5,406 5,459 5,695
Cards and trade finance servicing fees 2,276 1,771 1,346
Derivative gains, net 455 0 0
Gain on sale of headquarters building 0 62,387 0
Securities (losses) gains, net (3,689) 3,740 26,990
Other noninterest income 5,491 9,971 3,552
Total noninterest income 67,277 120,621 73,470
Noninterest expense      
Salaries and employee benefits 123,510 117,585 111,469
Occupancy and equipment 27,393 20,364 17,624
Professional and other services fees 22,142 19,096 13,129
Telecommunication and data processing 14,735 14,949 12,931
Advertising expenses 11,620 3,382 1,600
Loan level derivative expense 8,146 815 330
Contract termination costs 7,103 0 0
FDIC assessments and insurance 6,598 6,423 6,141
Depreciation and amortization 5,883 7,269 9,385
Other real estate owned valuation expense 3,408 0 0
Loans held for sale valuation expense 159 0 0
Other operating expenses 10,716 8,359 6,127
Total noninterest expenses 241,413 198,242 178,736
Income (loss) before income tax (expense) benefit 78,584 144,020 (4,334)
Income tax (expense) benefit (16,621) (33,709) 2,612
Net income (loss) before attribution of noncontrolling interest 61,963 110,311 (1,722)
Noncontrolling interest (1,347) (2,610) 0
Net income (loss) attributable to Amerant Bancorp Inc. 63,310 112,921 (1,722)
Other comprehensive (loss) income, net of tax      
Net unrealized holding (losses) gains on debt securities available for sale arising during the period (97,151) (12,960) 39,941
Net unrealized holding gains (losses) on cash flow hedges arising during the period 220 137 (1,730)
Reclassification adjustment for items included in net income 1,079 (3,624) (19,781)
Other comprehensive (loss) income (95,852) (16,447) 18,430
Comprehensive (loss) income $ (32,542) $ 96,474 $ 16,708
Earnings (Loss) Per Share (Note 23)      
Basic earnings (loss) per common share (in dollars per share) $ 1.87 $ 3.04 $ (0.04)
Diluted earnings (loss) per common share (in dollars per share) $ 1.85 $ 3.01 $ (0.04)