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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income:      
Loans $ 249,040 $ 281,580 $ 262,525
Taxable investment securities 3,429 4,113 6,007
Non-taxable investment securities 7,950 7,702 7,094
Mortgage-backed securities 10,292 10,793 12,091
Short-term investments and other 2,994 4,259 5,187
Total interest and dividend income 273,705 308,447 292,904
Interest expense:      
Deposits 32,001 59,083 39,846
Federal Home Loan Bank borrowings 5,465 14,969 13,787
Junior subordinated debentures 2,670 4,189 3,925
Repurchase agreements and other short-term borrowings 143 2,130 780
Total interest expense 40,279 80,371 58,338
Net interest income 233,426 228,076 234,566
Provision/(credit) for loan losses 31,998 (3,564) (2,198)
Net interest income after provision/(credit) for loan losses 201,428 231,640 236,764
Fees and other income:      
Gain/(loss) on sale of investments, net 0 0 (613)
Gain on OREO, net 0 91 0
Gain on sale of affiliate 0 0 18,142
Other 2,198 2,974 853
Total fees and other income 93,884 101,547 149,997
Operating expense:      
Salaries and employee benefits 139,726 134,302 161,468
Occupancy and equipment 31,079 32,038 32,116
Information systems 29,567 22,642 25,185
Professional services 13,816 15,228 13,155
Marketing and business development 6,292 6,439 7,648
Amortization of intangibles 2,697 2,691 2,929
FDIC insurance 2,603 1,285 2,865
Restructuring 0 1,646 7,828
Other 15,485 13,935 14,161
Total operating expense 241,265 230,206 267,355
Income/(loss) before income taxes 54,047 102,981 119,406
Income tax expense/(benefit) 8,888 22,591 37,537
Net income from continuing operations 45,159 80,390 81,869
Net income from discontinued operations 0 0 2,002
Net income before attribution to noncontrolling interests 45,159 80,390 83,871
Less: Net income attributable to noncontrolling interests 6 362 3,487
Net income/(loss) attributable to the Company 45,153 80,028 80,384
Adjustments to net income attributable to the Company to arrive at net income attributable to common shareholders 414 1,143 (1,682)
Net income attributable to common shareholders $ 45,567 $ 81,171 $ 78,702
Per share data - Basic earnings per share from:      
From continuing operations: (in dollars per share) $ 0.55 $ 0.97 $ 0.92
From discontinued operations: (in dollars per share) 0 0 0.02
Total attributable to common shareholders: (in dollars per share) $ 0.55 $ 0.97 $ 0.94
Weighted average basic common shares outstanding (in shares) 82,359,528 83,430,740 83,596,685
Per share data - Diluted earnings per share from:      
From continuing operations: (in dollars per share) $ 0.55 $ 0.97 $ 0.90
From discontinued operations: (in dollars per share) 0 0 0.02
Total attributable to common shareholders: (in dollars per share) $ 0.55 $ 0.97 $ 0.92
Weighted average diluted common shares outstanding (in shares) 82,757,785 83,920,792 85,331,314
Investment management fees      
Fees and other income:      
Revenue from contracts with customers $ 6,261 $ 10,155 $ 21,728
Wealth management and trust fees      
Fees and other income:      
Revenue from contracts with customers 72,888 75,757 99,818
Other banking fee income      
Fees and other income:      
Revenue from contracts with customers 10,509 10,948 9,826
Gain on sale of loans, net      
Fees and other income:      
Revenue from contracts with customers $ 2,028 $ 1,622 $ 243