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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and Dividend Income    
Loans receivable, including loan fees $ 114,890 $ 100,100
Investment securities 6,859 3,774
Federal Home Loan Bank stock 347 581
Deposits with banks 249 479
Total interest and dividend income 122,345 104,934
Interest Expense    
Time deposits 10,857 6,773
Other deposits 3,640 4,793
Securities sold under agreements to repurchase 3,934 3,925
Advances from Federal Home Loan Bank 106 93
Long-term debt 1,440 1,424
Total interest expense 19,977 17,008
Net interest income before reversal for credit losses 102,368 87,926
Reversal for loan losses (10,500) (5,000)
Net interest income after reversal for credit losses 112,868 92,926
Non-Interest Income    
Securities losses, net (206) (21)
Letters of credit commissions 1,281 1,268
Depository service fees 1,323 1,301
Other operating income 5,143 6,001
Total non-interest income 7,541 8,549
Non-Interest Expense    
Salaries and employee benefits 26,931 22,616
Occupancy expense 4,369 4,021
Computer and equipment expense 2,580 2,502
Professional services expense 4,368 3,370
Data processing service expense 2,250 1,982
FDIC and State assessments 2,589 2,260
Marketing expense 796 820
Other real estate owned expense 295 483
Amortization of investments in low income housing and alternative energy partnerships 2,794 2,383
Amortization of core deposit intangibles 172 177
Other operating expense 4,427 3,517
Total non-interest expense 51,571 44,131
Income before income tax expense 68,838 57,344
Income tax expense 22,675 21,364
Net income 46,163 35,980
Other comprehensive income, net of tax    
Unrealized holding gain on securities available-for-sale 10,354 6,499
Less: reclassification adjustments included in net income (119) (12)
Unrealized holding loss on cash flow hedge derivatives (3,120) (1,588)
Total other comprehensive gain, net of tax 7,353 4,923
Total comprehensive income $ 53,516 $ 40,903
Net income per common share:    
Basic (in Dollars per share) $ 0.58 $ 0.45
Diluted (in Dollars per share) 0.57 0.45
Cash dividends paid per common share (in Dollars per share) $ 0.18 $ 0.10
Average common shares outstanding    
Basic (in Shares) 79,734,519 79,835,628
Diluted (in Shares) 80,393,849 80,309,383