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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Interest income        
Loans, including fees $ 41,577 $ 29,948 $ 80,893 $ 60,447
Investment securities:        
Taxable interest 10,188 11,634 20,683 22,164
Tax-exempt interest 27 43 59 90
Interest earning deposits 107 2,455 1,730 4,957
Total interest income 51,899 44,080 103,365 87,658
Interest expense        
Deposits 1,510 8,823 9,738 17,693
Short-term borrowings 15 526 180 1,029
Subordinated debentures 128 192 290 387
Total interest expense 1,653 9,541 10,208 19,109
Net interest income 50,246 34,539 93,157 68,549
Provision for credit losses 922 600 4,501 2,300
Net interest income after provision for credit losses 49,324 33,939 88,656 66,249
Non-interest income        
Net realized and unrealized gains (losses) on commercial loans originated for sale (940) (148) (6,096) 10,615
Change in value of investment in unconsolidated entity     (45)  
Leasing related income 443 1,027 1,276 1,722
Other 478 495 1,049 889
Total non-interest income 20,366 19,749 36,965 50,114
Non-interest expense        
Salaries and employee benefits 25,492 21,826 48,233 45,666
Depreciation and amortization 828 966 1,672 1,940
Rent and related occupancy cost 1,396 1,444 2,815 2,872
Data processing expense 1,177 1,223 2,346 2,492
Printing and supplies 168 202 326 342
Audit expense 407 396 808 863
Legal expense 2,229 1,534 3,142 2,858
Amortization of intangible assets 147 383 294 766
FDIC insurance 2,918 2,095 5,507 4,024
Software 3,386 3,060 6,863 5,981
Insurance 695 617 1,318 1,211
Telecom and IT network communications 402 318 794 643
Consulting 346 1,007 601 1,642
Lease termination expense   908   908
Other 3,029 3,540 6,319 6,540
Total non-interest expense 42,620 39,519 81,038 78,748
Income from continuing operations before income taxes 27,070 14,169 44,583 37,615
Income tax expense 6,787 3,575 11,139 9,610
Net income from continuing operations 20,283 10,594 33,444 28,005
Discontinued operations        
Income (loss) from discontinued operations before income taxes (274) 919 (1,049) 1,724
Income tax expense (benefit) (59) 163 (264) 449
Income (loss) from discontinued operations, net of tax (215) 756 (785) 1,275
Net income $ 20,068 $ 11,350 $ 32,659 $ 29,280
Net income per share from continuing operations - basic $ 0.35 $ 0.19 $ 0.58 $ 0.50
Net income (loss) per share from discontinued operations - basic   0.01 (0.01) 0.02
Net income per share - basic 0.35 0.20 0.57 0.52
Net income per share from continuing operations - diluted 0.35 0.19 0.58 0.49
Net income (loss) per share from discontinued operations - diluted   0.01 (0.01) 0.02
Net income per share - diluted $ 0.35 $ 0.20 $ 0.57 $ 0.51
Service Fees On Deposit Accounts [Member]        
Non-interest income        
Non-interest income $ 5 $ 14 $ 15 $ 61
ACH, Card And Other Payment Processing Fees [Member]        
Non-interest income        
Non-interest income 1,707 2,521 3,553 4,824
Prepaid, Debit Card And Related Fees [Member]        
Non-interest income        
Non-interest income $ 18,673 $ 15,840 $ 37,213 $ 32,003