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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income:      
Loans and leases $ 431,491 $ 373,234 $ 339,936
Investment securities 23,713 33,209 25,153
Other 8,535 11,508 7,761
Total interest income 463,739 417,951 372,850
Interest expense:      
Deposits 141,464 110,808 67,582
FHLB advances 26,519 31,043 21,130
Subordinated debt 6,983 6,737 6,739
Federal funds purchased and other borrowings 11,463 11,486 10,056
Total interest expense 186,429 160,074 105,507
Net interest income 277,310 257,877 267,343
Provision for loan and lease losses 24,227 5,642 6,768
Net interest income after provision for loan and lease losses 253,083 252,235 260,575
Non-interest income:      
Revenue from contracts with customers 46,720 43,239 55,961
Commercial lease income 12,051 5,354 647
Bank-owned life insurance 7,272 7,620 7,219
Mortgage warehouse transactional fees 7,128 7,158 9,345
Gain (loss) on sale of SBA and other loans 2,770 3,294 4,223
Mortgage banking income 66 606 875
Loss upon acquisition of interest-only GNMA securities (7,476) 0 0
Impairment loss on investment securities 0 0 (12,934)
Gain (loss) on sale of investment securities 1,001 (18,659) 8,800
Unrealized gain (loss) on investment securities 1,299 (1,634) 0
Other 15,071 16,740 9,187
Total non-interest income 80,938 58,998 78,910
Non-interest expense:      
Salaries and employee benefits 107,632 104,841 95,518
Technology, communication and bank operations 43,481 44,454 45,885
Professional services 25,109 20,237 28,051
Occupancy 13,098 11,809 11,161
Commercial lease depreciation 9,473 4,388 522
FDIC assessments, non-income taxes, and regulatory fees 5,861 8,642 7,906
Provision for operating losses 9,638 5,616 6,435
Advertising and promotion 4,044 2,446 1,470
Merger and acquisition related expenses 100 4,391 410
Loan workout 1,687 2,183 2,366
Other real estate owned 398 449 570
Other 11,380 10,723 15,312
Total non-interest expense 231,901 220,179 215,606
Income before income tax expense 102,120 91,054 123,879
Income tax expense 22,793 19,359 45,042
Net income 79,327 71,695 78,837
Preferred stock dividends 14,459 14,459 14,459
Net income available to common shareholders $ 64,868 $ 57,236 $ 64,378
Basic earnings per common share (usd per share) $ 2.08 $ 1.81 $ 2.10
Diluted earnings per common share (usd per share) $ 2.05 $ 1.78 $ 1.97
Interchange and card revenue      
Non-interest income:      
Revenue from contracts with customers $ 28,941 $ 30,695 $ 41,509
Deposit fees      
Non-interest income:      
Revenue from contracts with customers $ 12,815 $ 7,824 $ 10,039