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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and dividend income:        
Loans $ 47,931 $ 46,484 $ 144,541 $ 144,173
Taxable investment securities 876 544 2,242 1,544
Non-taxable investment securities 942 746 2,760 2,363
Mortgage-backed securities 1,605 1,338 5,230 4,080
Federal funds sold and other 379 277 978 635
Total interest and dividend income 51,733 49,389 155,751 152,795
Interest expense:        
Deposits 3,603 3,206 10,194 10,112
Federal Home Loan Bank borrowings 2,354 2,750 7,039 8,399
Junior subordinated debentures 976 1,119 2,896 3,429
Repurchase agreements and other short-term borrowings 17 12 49 378
Total interest expense 6,950 7,087 20,178 22,318
Net interest income 44,783 42,302 135,573 130,477
Provision/ (credit) for loan losses (2,600) (6,000) (8,800) (8,000)
Net interest income after provision for loan losses 47,383 48,302 144,373 138,477
Fees and other income:        
Investment management fees 12,011 10,511 35,226 31,445
Wealth advisory fees 12,278 10,698 35,730 31,083
Private banking wealth management and trust fees 7,251 6,508 21,255 19,780
Other banking fee income 1,835 1,679 5,192 5,183
Gain on sale of loans, net 183 430 1,966 2,363
Gain on repurchase of debt 0 0 0 620
Gain on sale of investments, net 8 7 9 35
Gain/ (loss) on OREO, net 150 0 988 (13)
Gain on sale of Pacific Northwest offices 0 0 0 10,574
Other 53 418 510 926
Total fees and other income 33,769 30,251 100,876 101,996
Operating expense:        
Salaries and employee benefits 35,855 33,102 106,767 104,605
Occupancy and equipment 7,346 7,307 22,492 22,411
Professional services 2,796 3,451 9,165 8,697
Marketing and business development 1,408 1,168 5,564 5,330
Contract services and data processing 1,404 1,462 4,289 4,514
Amortization of intangibles 1,031 1,056 3,129 3,275
FDIC insurance 857 823 2,607 2,817
Other 3,302 3,584 9,356 13,556
Total operating expense 53,999 51,953 163,369 165,205
Income before income taxes 27,153 26,600 81,880 75,268
Income tax expense 8,993 8,714 26,464 25,455
Net income from continuing operations 18,160 17,886 55,416 49,813
Net income from discontinued operations 1,272 1,321 4,650 5,824
Net income before attrubution to noncontrolling interests 19,432 19,207 60,066 55,637
Less: Net income attributable to noncontrolling interests 1,167 871 3,428 2,770
Net income attributable to the Company 18,265 18,336 56,638 52,867
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders (871) (825) (3,380) (14,968)
Net income attributable to common shareholders for earnings per share calculation $ 17,394 $ 17,511 $ 53,258 $ 37,899
Basic earnings per share attributable to common shareholders:        
From continuing operations: $ 0.20 $ 0.21 $ 0.62 $ 0.42
From discontinued operations: $ 0.02 $ 0.02 $ 0.06 $ 0.07
Total attributable to common shareholders: $ 0.22 $ 0.23 $ 0.68 $ 0.49
Diluted earnings per share attributable to common shareholders:        
From continuing operations: $ 0.20 $ 0.20 $ 0.60 $ 0.41
From discontinued operations: $ 0.02 $ 0.02 $ 0.06 $ 0.07
Total attributable to common shareholders: $ 0.22 $ 0.22 $ 0.66 $ 0.48
Common Stock [Member]
       
Basic earnings per share attributable to common shareholders:        
Weighted average basic common shares outstanding 78,687,062 77,670,017 78,425,613 77,249,660
Diluted earnings per share attributable to common shareholders:        
Weighted average diluted common shares outstanding 80,610,958 [1] 79,193,748 [1] 80,324,628 [1] 78,488,170 [1]
[1] The diluted EPS computations for the three and nine months ended September 30, 2014 and 2013 do not assume the conversion, exercise, or contingent issuance of the following shares for these periods because the result would have been anti-dilutive for the periods indicated. As a result of the anti-dilution, the potential common shares excluded from the diluted EPS computation are as follows: Three months ended September 30, Nine months ended September 30, 2014 2013 2014 2013Shares excluded due to exercise price exceeding the average market price of common shares during the period (total outstanding):(In thousands)Potential common shares from: Stock options or other dilutive securities (a)767 1,214 834 1,446Total shares excluded due to exercise price exceeding the average market price of common shares during the period767 1,214 834 1,446(a)Options to purchase shares of common stock and other dilutive securities that were outstanding at period ends were not included in the computation of diluted EPS or in the above anti-dilution table because their exercise or conversion prices were greater than the average market price of the common shares during the respective periods.