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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents selected quarterly data for the years ended December 31, 2020 and 2019.
 2020
(amounts in thousands, except per share data)December 31September 30June 30March 31
Quarter Ended
Interest income$153,093 $139,650 $125,218 $125,343 
Interest expense30,147 32,211 33,236 44,022 
Net interest income122,946 107,439 91,982 81,321 
Provision for credit losses on loans and leases(2,913)12,955 20,946 31,786 
Non-interest income23,775 33,793 22,236 21,930 
Non-interest expenses71,164 65,561 63,506 66,459 
Income before income taxes78,470 62,716 29,766 5,006 
Provision for income taxes22,225 12,201 7,048 1,906 
Net income56,245 50,515 22,718 3,100 
Preferred stock dividends3,414 3,430 3,581 3,615 
Net income (loss) available (attributable) to common shareholders$52,831 $47,085 $19,137 $(515)
Earnings per common share:
Basic earnings (loss) per common share$1.67 $1.49 $0.61 $(0.02)
Diluted earnings (loss) per common share$1.65 $1.48 $0.61 $(0.02)
 2019
(amounts in thousands, except per share data)December 31September 30June 30March 31
Quarter Ended
Interest income$123,995 $126,718 $111,950 $101,075 
Interest expense46,402 50,983 47,271 41,771 
Net interest income77,593 75,735 64,679 59,304 
Provision for credit losses on loans and leases9,689 4,426 5,346 4,767 
Non-interest income (1)
25,813 23,369 12,036 19,718 
Non-interest expenses58,740 59,592 59,582 53,984 
Income before income taxes34,977 35,086 11,787 20,271 
Provision for income taxes7,451 8,020 2,491 4,831 
Net income27,526 27,066 9,296 15,440 
Preferred stock dividends3,615 3,615 3,615 3,615 
Net income available to common shareholders$23,911 $23,451 $5,681 $11,825 
Earnings per common share:
Basic earnings per common share$0.76 $0.75 $0.18 $0.38 
Diluted earnings per common share$0.75 $0.74 $0.18 $0.38 
(1) The quarter ended June 30, 2019 included a $7.5 million pre-tax loss due to a shortfall in the fair value of interest-only GNMA securities acquired from a commercial mortgage warehouse customer.