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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:    
Loans $ 60,929 $ 53,636
Taxable investment securities 1,510 1,670
Non-taxable investment securities 1,730 1,606
Mortgage-backed securities 3,178 3,504
Federal funds sold and other 1,009 600
Total interest and dividend income 68,356 61,016
Interest expense:    
Deposits 6,524 4,531
Federal Home Loan Bank borrowings 3,344 2,111
Junior subordinated debentures 846 671
Repurchase agreements and other short-term borrowings 259 61
Total interest expense 10,973 7,374
Net interest income 57,383 53,642
Provision/ (credit) for loan losses (1,795) (181)
Net interest income after provision/ (credit) for loan losses 59,178 53,823
Fees and other income:    
Investment management fees 11,425 10,839
Wealth advisory fees 13,512 12,823
Wealth management and trust fees 12,151 10,826
Other banking fee income 2,273 1,694
Gain on sale of loans, net 74 138
Gain/ (loss) on sale of investments, net (24) 19
Gain/ (loss) on OREO, net 0 (46)
Other 332 213
Total fees and other income 39,743 36,506
Operating expense:    
Salaries and employee benefits 47,084 45,665
Occupancy and equipment 7,748 7,185
Professional services 3,177 3,314
Marketing and business development 1,593 1,660
Information systems 5,886 5,379
Amortization of intangibles 750 1,426
FDIC insurance 744 766
Other 3,875 3,385
Total operating expense 70,857 68,780
Income before income taxes 28,064 21,549
Income tax expense 6,026 6,553
Net income from continuing operations 22,038 14,996
Net income from discontinued operations 1,698 1,632
Net income before attrubution to noncontrolling interests 23,736 16,628
Less: Net income attributable to noncontrolling interests (1,050) (966)
Net income attributable to the Company 22,686 15,662
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders (23) (1,166)
Net income attributable to common shareholders for earnings per share calculation $ 22,663 $ 14,496
Basic earnings per share attributable to common shareholders:    
From continuing operations: $ 0.25 $ 0.16
From discontinued operations: 0.02 0.02
Total attributable to common shareholders: 0.27 0.18
Diluted earnings per share attributable to common shareholders:    
From continuing operations: 0.25 0.15
From discontinued operations: 0.02 0.02
Total attributable to common shareholders: $ 0.27 $ 0.17
Common Stock [Member]    
Basic earnings per share attributable to common shareholders:    
Weighted average basic common shares outstanding 83,097,758 81,951,179
Diluted earnings per share attributable to common shareholders:    
Weighted average diluted common shares outstanding [1] 85,271,650 84,560,918
[1] The diluted EPS computations for the three months ended March 31, 2018 and 2017 do not assume the conversion, exercise, or contingent issuance of the following shares for the following 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 March 31, 2018 2017Shares 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 options39 121Total shares excluded due to exercise price exceeding the average market price of common shares during the period39 121