XML 73 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Mar. 31, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:          
Interest and Fee Income, Loans and Leases $ 192,201 $ 77,463 $ 63,168 $ 269,664 $ 124,178
Investment securities (11,986) (10,823) (8,414) (22,809) (16,630)
Interest Income, Deposits with Financial Institutions 176 74 49 250 92
Total interest income 204,363 88,360 71,631 292,723 140,900
Interest expense:          
Deposits 7,313 1,225 2,077 8,538 4,726
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term 199 79 199 278 343
Interest Expense, Subordinated Notes and Debentures 4,318 1,041 882 5,359 1,665
Total interest expense 11,830 2,345 3,158 14,175 6,734
Interest Income (Expense), Net 192,533 86,015 68,473 278,548 134,166
Provision for Loan, Lease, and Other Losses 5,030 (644) (1,842) 4,386 1,295
Net interest income after loan and lease loss (recovery) provision 187,503 86,659 70,315 274,162 132,871
Non-interest income:          
Fees and Commissions, Depositor Accounts 2,719 3,002 2,767 5,721 5,630
Fees and Commissions, Other 5,743 1,932 2,154 7,675 4,087
Leased equipment income 5,672 0 0 5,672 0
Gain (Loss) on Sale of Leased Assets, Net, Operating Leases (485) 106 279 (379) 504
Gain (Loss) on Investments 89 4,752 0 4,841 409
Gain (Loss) on Investments, Excluding Other than Temporary Impairments       (4,841) (409)
Federal Deposit Insurance Corporation Loss Sharing (8,525) (11,430) (5,410) (19,955) (8,547)
Noninterest Income, Other Operating Income 3,266 6,329 413 9,595 960
Total non-interest income 8,479 4,691 203 13,170 3,043
Non-interest expense:          
Compensation and benefits 45,081 28,627 26,057 73,708 51,407
Occupancy expenses 11,078 7,595 7,480 18,673 14,078
Information Technology and Data Processing 4,099 2,540 2,455 6,639 4,688
Professional fees 2,843 1,523 1,599 4,366 3,078
FDIC fees and assessments 3,179 1,593 1,267 4,772 2,528
Amortization of Intangible Assets 1,677 1,364 1,284 3,041 2,460
Other non-interest expense, net 12,115 7,288 6,091 19,403 11,985
Total operating expenses 80,072 50,530 46,233 130,602 90,224
Lease Equipment Depreciation 3,095 0 0 3,095 0
(Income from) expense of real estate owned and other foreclosed assets, net 497 (1,861) (14) (1,364) (514)
Business Combination, Acquisition Related Costs 86,242 2,200 17,997 88,442 18,689
Total non-interest expense 169,906 50,869 64,216 220,775 108,399
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 26,076 40,481 6,302 66,557 27,515
Income tax expense (benefit) (14,846) (14,576) (1,906) (29,422) (9,625)
Net income before income taxes 11,230 25,905 4,396 37,135 17,890
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax (1,151) (1,413) (81) (2,564) (81)
Discontinued Operation, Tax Effect of Discontinued Operation 476 588 34 1,064 34
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax (675) (825) (47) (1,500) (47)
Net income $ 10,555 $ 25,080 $ 4,349 $ 35,635 $ 17,843
Income (Loss) from Continuing Operations, Per Basic Share $ 0.11 $ 0.57 $ 0.11 $ 0.51 $ 0.47
Basic income per share $ 0.10 $ 0.55 $ 0.11 $ 0.49 $ 0.47
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.11 $ 0.57 $ 0.11 $ 0.51 $ 0.47
Diluted income per share $ 0.10 $ 0.55 $ 0.11 $ 0.49 $ 0.47
Dividends declared per share $ 0.25 $ 0.25 $ 0.25 $ 0.50 $ 0.50