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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans and leases $ 119,202 $ 87,117
Interest on mortgage-backed securities 13,219 10,466
Interest and dividends on investment securities:    
Taxable 15 19
Tax-exempt 911 1,025
Other interest income 508 950
Total interest income 133,855 99,577
Interest expense:    
Interest on deposits 14,637 10,942
Interest on Federal Home Loan Bank advances 830 2,590
Interest on senior debt 1,179 1,179
Interest on federal funds purchased 470 787
Interest on trust preferred borrowings 586 726
Interest on other borrowings 3 39
Total interest expense 17,705 16,263
Net interest income 116,150 83,314
Provision for credit losses 56,646 7,654
Net interest income after provision for credit losses 59,504 75,660
Noninterest income:    
Loan and lease fee income 1,119 885
Securities gains, net 693 15
Unrealized gains on equity investments, net 668 3,798
Bank owned life insurance income (25) 217
Total non interest income 40,847 41,122
Noninterest expense:    
Salaries, benefits and other compensation 45,346 36,205
Occupancy expense 7,666 6,367
Equipment expense 4,964 3,989
Data processing and operations expenses 3,078 2,588
Professional fees 4,600 1,872
Marketing expense 951 1,590
FDIC expenses (54) 620
Loan workout and OREO expenses 674 108
Corporate development expense 1,341 26,627
Restructuring expense 0 4,362
Other operating expense 19,930 13,264
Total non interest expenses 88,496 97,592
Income before taxes 11,855 19,190
Income tax provision 1,288 6,260
Net income 10,567 12,930
Less: Net loss attributable to noncontrolling interest (360) (93)
Net Income (Loss) Attributable to Parent, Total $ 10,927 $ 13,023
Earnings per share:    
Basic (in dollars per share) $ 0.21 $ 0.34
Diluted (in dollars per share) $ 0.21 $ 0.33
Weighted average shares of common stock outstanding:    
Weighted average basic shares (in shares) 51,086,316 38,873,585
Weighted average fully diluted shares (in shares) 51,164,224 39,284,057
Credit/debit card and ATM income    
Noninterest income:    
Noninterest fee income $ 11,359 $ 11,515
Investment management and fiduciary income    
Noninterest income:    
Noninterest fee income 10,962 10,147
Deposit service charges    
Noninterest income:    
Noninterest fee income 5,647 4,746
Mortgage banking activities, net    
Noninterest income:    
Noninterest fee income 3,471 2,092
Other income    
Noninterest income:    
Noninterest fee income $ 6,953 $ 7,707