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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Loans, including fees $ 170,960 $ 127,106 $ 95,315
Investment securities:      
Taxable interest 37,822 42,286 41,993
Tax-exempt interest 115 170 207
Federal funds sold / securities purchased under agreements to resell     1,708
Interest earning deposits 1,885 10,007 8,737
Total interest income 210,782 179,569 147,960
Interest expense      
Deposits 13,281 34,400 25,946
Short-term borrowings 198 3,131 451
Senior debt 1,913    
Subordinated debentures 524 750 714
Total interest expense 15,916 38,281 27,111
Net interest income 194,866 141,288 120,849
Provision for credit losses 6,352 4,400 3,585
Net interest income after provision for credit losses 188,514 136,888 117,264
Non-interest income      
Prepaid, debit card and related fees 74,465 65,141 54,627
Net realized and unrealized gains (losses) on commercial loans originated for sale (3,874) 24,072 20,498
Gain on sale of investment securities     41
Gain on sale of IRA portfolio     65,000
Change in value of investment in unconsolidated entity (45)   (3,689)
Leasing related income 3,294 3,243 3,071
Affinity fees     281
Other 3,646 2,220 1,691
Total non-interest income 84,617 104,127 153,795
Non-interest expense      
Salaries and employee benefits 101,737 94,259 79,816
Depreciation and amortization 3,202 3,696 3,997
Rent and related occupancy cost 5,541 6,628 5,474
Data processing expense 4,712 4,894 6,187
Printing and supplies 514 637 906
Audit expense 1,061 1,785 2,002
Legal expense 5,141 5,319 7,845
Amortization of intangible assets 556 1,531 1,531
FDIC insurance 9,808 7,025 8,819
Software 14,028 12,731 13,304
Insurance 2,818 2,475 2,578
Telecom and IT network communications 1,623 1,493 1,373
Securitization and servicing expense   81 117
Consulting 1,361 3,240 3,239
Civil money penalties   8,900 (290)
Prepaid relationship exit expense     672
Lease termination expense   908 395
Other 12,745 12,919 13,313
Total non-interest expense 164,847 168,521 151,278
Income from continuing operations before income taxes 108,284 72,494 119,781
Income tax expense 27,688 21,226 32,241
Net income from continuing operations 80,596 51,268 87,540
Discontinued operations      
Income (loss) from discontinued operations before income taxes (3,816) 510 1,491
Income tax expense (benefit) (3,304) 219 354
Income (loss) from discontinued operations, net of tax (512) 291 1,137
Net income $ 80,084 $ 51,559 $ 88,677
Net income per share from continuing operations - basic $ 1.40 $ 0.90 $ 1.55
Net income (loss) per share from discontinued operations - basic (0.01) 0.01 0.02
Net income per share - basic 1.39 0.91 1.57
Net income per share from continuing operations - diluted 1.38 0.89 1.53
Net income (loss) per share from discontinued operations - diluted (0.01) 0.01 0.02
Net income per share - diluted $ 1.37 $ 0.90 $ 1.55
Service Fees On Deposit Accounts [Member]      
Non-interest income      
Non-interest income $ 30 $ 75 $ 3,622
ACH, Card And Other Payment Processing Fees [Member]      
Non-interest income      
Non-interest income $ 7,101 $ 9,376 $ 8,653