Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Table 15.1

	2019 Quarter Ended
	Dec. 31		Sept. 30		June 30		Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	162,954	$	161,496	$	165,128	$	155,515
Interest expense	113,584		121,384		122,074		114,916
Net interest income	49,370		40,112		43,054		40,599
(Provision for)/release of loan losses	(2,430)		(760)		(578)		264
Net interest income after (provision for)/release of loan losses	46,940		39,352		42,476		40,863
Non-interest income:
Guarantee and commitment fees	3,401		3,349		3,403		3,513
Gains/(losses) on financial derivatives	4,089		(7,360)		8,913		(360)
Gains on trading assets	172		49		61		44
Losses on sale of available-for-sale securities	(236)		—		—		—
Other income	526		530		355		493
Non-interest income	7,952		(3,432)		12,732		3,690
Non-interest expense	13,651		13,458		12,052		12,761
Income before income taxes	41,241		22,462		43,156		31,792
Income tax expense	8,743		4,629		9,111		6,622
Net income	32,498		17,833		34,045		25,170
Preferred stock dividends	(3,432)		(3,427)		(3,785)		(3,296)
Loss on retirement of preferred stock	—		—		(1,956)		—
Net income attributable to common stockholders	$	29,066	$	14,406	$	28,304	$	21,874
Earnings per common share:
Basic earnings per common share	$	2.72	$	1.34	$	2.65	$	2.05
Diluted earnings per common share	$	2.70	$	1.33	$	2.63	$	2.03

	2018 Quarter Ended
	Dec. 31		Sept. 30		June 30		Mar. 31
	(in thousands, except per share amounts)
Interest income:
Interest income	$	146,453	$	142,615	$	135,670	$	119,546
Interest expense	104,237		97,557		91,737		76,317
Net interest income	42,216		45,058		43,933		43,229
(Provision for)/release of loan losses	(146)		(99)		(424)		431
Net interest income after (provision for)/release of loan losses	42,070		44,959		43,509		43,660
Non-interest income/(loss):
Guarantee and commitment fees	3,506		3,490		3,481		3,499
(Losses)/gains on financial derivatives	(2,999)		628		2,534		(3,850)
Gains/(losses) on trading assets	57		(3)		11		16
(Losses)/gains on sale of real estate owned	—		(41)		34		—
Other income	118		365		320		574
Non-interest income	682		4,439		6,380		239
Non-interest expense	13,703		11,650		12,921		11,642
Income before income taxes	29,049		37,748		36,968		32,257
Income tax expense	6,193		7,979		7,332		6,438
Net income	22,856		29,769		29,636		25,819
Preferred stock dividends	(3,296)		(3,295)		(3,296)		(3,295)
Net income attributable to common stockholders	$	19,560	$	26,474	$	26,340	$	22,524
Earnings per common share:
Basic earnings per common share	$	1.84	$	2.48	$	2.47	$	2.12
Diluted earnings per common share	$	1.82	$	2.46	$	2.45	$	2.10