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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans $ 81,382 $ 54,177
Securities 4,380 3,726
Other short-term investments 993 1,002
Total interest income 86,755 58,905
Interest expense:    
Deposits and escrow 5,298 11,926
Borrowed funds 3,616 6,455
Total interest expense 8,914 18,381
Net interest income 77,841 40,524
Provision for credit losses 15,779 8,012
Net interest income after provision for credit losses 62,062 32,512
Non-interest income:    
Service charges and other fees 2,920 1,203
Title fees 433  
Loan level derivative income 1,792 1,163
BOLI income 1,339 1,887
Gain on sale of SBA loans 164 164
Gain on sale of residential loans 723 151
Net gain (loss) on equity securities 131 (472)
Net gain on sale of securities and other assets 710 8
Loss on termination of derivatives (16,505)  
Other 910 132
Total non-interest (loss) income (7,383) 4,236
Non-interest expense:    
Salaries and employee benefits 24,819 15,587
Occupancy and equipment 6,977 4,056
Data processing costs 3,528 2,024
Marketing 860 577
Professional services 1,865 1,514
Federal deposit insurance premiums 939 477
Loss from extinguishment of debt 1,594  
Curtailment loss 1,543  
Merger expenses and transaction costs 37,942 586
Amortization of core deposit intangible 357  
Other 2,381 1,219
Total non-interest expense 82,805 26,040
(Loss) income before income taxes (28,126) 10,708
Income tax (benefit) expense (7,092) 2,316
Net (loss) income (21,034) 8,392
Preferred stock dividends (1,821) 0
Net (loss) income available to common stockholders $ (22,855) $ 8,392
(Loss) earnings per common share:    
Basic $ (0.66) $ 0.37
Diluted $ (0.66) $ 0.37