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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest income:        
Loans, including fees $ 270,349 $ 222,035 $ 529,167 $ 427,994
Investment securities 27,823 25,975 56,001 51,747
Dividends 1,530 2,197 3,163 3,675
Other 3,146 1,395 5,685 2,883
Total interest income 302,848 251,602 594,016 486,299
Interest expense:        
Deposits 41,888 19,849 77,676 34,022
Other borrowings 33 1,936 1,310 3,262
Qualifying debt 6,008 5,695 12,113 10,664
Other 238 14 900 23
Total interest expense 48,167 27,494 91,999 47,971
Net interest income 254,681 224,108 502,017 438,328
Provision for credit losses 7,000 5,000 10,500 11,000
Net interest income after provision for credit losses 247,681 219,108 491,517 427,328
Non-interest income:        
Service charges and fees 5,821 5,672 11,233 11,417
Card Income 1,625 2,033 3,466 4,005
Foreign currency income 1,148 1,181 2,243 2,383
Income from bank owned life insurance 978 1,167 1,959 2,095
Income from equity investments 868 2,517 2,877 3,977
Lending related income and gains (losses) on sale of loans, net 553 1,047 804 2,025
Unrealized gains (losses) on assets measured at fair value, net 1,572 (685) 4,406 (1,759)
Other income 1,653 512 2,640 944
Total non-interest income 14,218 13,444 29,628 25,087
Non-interest expense:        
Salaries and employee benefits 65,794 61,785 134,350 123,918
Legal, professional, and directors' fees 11,105 7,946 18,637 13,949
Occupancy 7,761 7,401 15,988 14,265
Deposit costs 7,669 4,114 13,393 7,040
Data processing 6,793 5,586 13,468 10,793
Insurance 2,811 3,885 5,620 7,754
Loan and repossessed asset expenses 1,460 1,017 3,466 1,600
Business development 1,444 1,414 3,529 3,142
Marketing 1,057 1,146 1,798 1,742
Card expense 710 1,081 1,344 2,023
Intangible amortization 387 399 774 797
Net (gain) loss on sales / valuations of repossessed and other assets (620) (179) (523) (1,407)
Other expense 7,842 6,953 15,283 15,081
Total non-interest expense 114,213 102,548 227,127 200,697
Income before provision for income taxes 147,686 130,004 294,018 251,718
Income tax expense 24,750 25,325 50,286 46,139
Net income $ 122,936 $ 104,679 $ 243,732 $ 205,579
Earnings per share:        
Basic $ 1.19 $ 1.00 $ 2.35 $ 1.97
Diluted $ 1.19 $ 0.99 $ 2.34 $ 1.95
Weighted average number of common shares outstanding:        
Basic 103,019 104,691 103,523 104,611
Diluted 103,501 105,420 103,985 105,372